Professional Documents
Culture Documents
Company Profile………………………………………………………..
• Mission……………………………………………………………
• Vision…………………………………………………………….
• Objectives…………………………………………………………..
• Products……………………………………………………………
Box: About Chyawanprash……………………………………………..
Environments…………………………………………………………….
• Demographics……………………………………………………..
• Economic…………………………………………………………..
• Cultural……………………………………………………………
• Political……………………………………………………………
• Legal……………………………………………………………….
Health Canada…………………………………………………………….
(Causes of Death, Diabetes, Eating habits of Children)……………………
Marketing mix……………………………………………………………
• Product mix………………………………………………………..
• Promotion mix……………………………………………………..
• Box: Perception of Ayurveda……………………………………
• Place mix…………………………………………………………..
• Price…………………………………………………………………
Competitors……………………………………………………………….
Conclusion…………………………………………………………………
Bibligraphy………………………………………………………………..
Company profile:
• Vision:
Focus on growing their core brands across categories, reaching out to new
geographies, within and outside India.
• Mission
Their mission goes beyond the mere provision to heal ailments and extends to
helping people live long, healthy and productive lives. They seek to explore &
harness the tremendous potentials of Ayurveda & offer the goodness for human
welfare.
• Objectives:
Products:
Demographics:
• Capital: Ottawa
• Largest City: Toronto
• Currency: Canadian Dollar
• Population of Canada: (2008 estimate) 33,157,200
(0.51% of World population)
• Population growth rate: 0.869%
• Distribution of population:
Population Distribution by Age Group
0-14 17.9%
15-64 69.1%
65+ 13.0%
Economic Environment:
Cultural environment:
Political Environment:
Legal Environment:
• Canada can guarantee investors the overall lowest tax rate among
developed countries.
• One important factor is the legal system in Canada is that
although their criminal law system nationally and the civil law
system in most of Canada is based on the English precedent-
based system of common law, civil law in the Province of Québec
is based on the French Code Napoléon. For this reason, we should
ensure that our Canadian legal advisors are well versed in both
systems.
• Few laws that are different to Quebec particularly are as follows:
o Generally speaking, a French firm name may be
accompanied by its English version, provided that the
French version appears at least as prominently; however,
in some cases, use of the English version of a firm name is
only permitted if the French version is "markedly
predominant," meaning the French text must have a much
greater visual impact than the text in another language.
o Product labelling: Every inscription on a product, its
container or wrapping, or on a leaflet, brochure or card
supplied with it, including the directions for use and
warranty certificate, must be drafted in French.
o Public signs, posters and commercial advertising: Public
signs, posters and commercial advertising may also be
bilingual, provided that the French is "markedly
predominant." However, large billboards or signs that are
visible from any part of a public highway must be
exclusively in French, unless they are displayed on the
firm's premises. Likewise, signs on public transportation
vehicles, such as buses and subways, must be exclusively
in French, unless they are used regularly to transport
passengers or merchandise both inside and outside
Québec, in which case the signs may be bilingual.
o Any corporation that contravenes the Charter is liable for
each offence to a fine of up to $1,400 and, for any
subsequent conviction, to a fine of up to $7,000.
• All shipments to Canada are also subject to the 7% Goods and Services
Tax (GST), a multi-stage sales tax.
About Health Canada:
The new face of the average Canadian health care consumer belongs
to a well-educated, middle-income, middle-aged woman who is actively
involved in her own well-being. She is very interested in diet and nutrition,
longevity, alternative medical therapies, vitamins and antioxidants. And
she's willing to pay: she spends between $500 and $1000 a year on health
supplements.
Diabetes:
We all know that there is no quick fix for diabetes. More than 2
million Canadians have diabetes, over one third of them aren't diagnosed.
Forty percent of Canadians with diabetes develop long-term complications
such as high blood pressure, vision loss and kidney disease. It is clear that
diabetes has become a public health challenge of major proportions in
Canada. Many cases of type 2 diabetes could be prevented by making
healthier living choices.
Products:
• YuvAnaH Chyawanprash
• YuvAnaH Chocolate Chyawanprash.
• YuvAnaH Sugar-free Chyawanprash.
• YuvAnaH Chyawanprash ( for summer)
• YuvAnaH Diet Chyawanprash
• YuvAnaH Chyawanprash ( for pregnant women)
• YuvAnaH Chyawanprash ( for skin)
Branding:
All our products will be branded under the name of “YuvAnaH” which is
Sanskrit for “the youthful”, thereby following Umbrella Branding.
Ayurveda is native to the Indian Subcontinent. Thus, the Sanskrit name
“YuvAnaH” implies a “Made in India” image which works favorably for
the company.
This is to ensure the people about the safety of the product. Since
Canadians tend to make healthy eating decisions; the package of the
product will emphasize the nutrients and herbs it contains along with
its benefits. Other relevant information includes Name of the product
Brand name of the product ,Country of origin ,Name and address of the local
importer, Date Marking, Manufacturing, Date ,Expiry Date , Storage Batch
Number and Packaging Date(PKD, )Precautionary Message ,Bar Code,
Dosage, Nutritional Value (different for various flavors,) Ingredients
(different for various flavors).
Promotion Mix:
Analysis:
Electronic Media:
Television in Canada:
Quebec:
Radio
• Canadians spend more time with radio compared to the US
(22.2 hrs weekly) and radio enjoys a larger share of ad
spending in Canada.
Print Media:
Place Mix:
• Entry Strategy:
We intend to enter Canada by directly exporting our products.
The company has two distributors in Canada; one in Toronto and one in
Vancouver. As shown in the demographics, these are the most populated
metros of Canada. They also happen to be the cities where most of the
Canadians live. These distributors stock the products in their warehouses
and regularly supply to retailers over there. They have major tie-ups with
many super markets and these markets sell their products.
We will follow 4 level channel of distribution involving our importer,
distributers and retailers. Through our distributors YuvAnaH will reach
out to all the major cities of Canada some of which are Toronto Montreal,
Vancouver , Ottawa-Gatineau (Capital), Calgary , Edmonton,
Quebec City, Hamilton, Winnipeg, London.
Competitors:
• Dabur Chyawanprash:
The biggest and major competitor for the company is the Dabur
Chyawanprash. Dabur is already an established player in this country
and has a wide range of products over here. The company has a major
market share in Canada. Dabur is also a very famous brand in India and
thus has the edge.
Since the major herbs required in Chywanprash are available only in India
there no manufacturers of it in Canada.
Competitive edge:
• The prices of Dabur, Himani, and Tattvas is very high .They cater
only to the high spending class of people. This leaves YuvAnaH an
opportunity to target the low-spending category.
• None of the competitors provide chocolate flavored Chyawanprash
or sugar free chyawanprash in Canada. Here, YuvAnaH has an edge
over the others.
• The only company which has franchises in Canada is Dabur . Since
our company is also planning to introduce similar kind of stores
where all our products would be available company hopes to face
the competition fiercely.
Bibliography:
Books:
International Marketing- Vern Terpstra & Ravi Sarathy
Marketing Management.- Kotler, Philip.
Websites:
http://en.wikipedia.org/wiki/Main_Page
http://edis.ifas.ufl.edu/index.html
http://geo.international.gc.ca/asia/new-delhi/menu-en.asp
http://www.hc-sc.gc.ca/ewh-semt/index_e.html
http://atlas.nrcan.gc.ca/site/english/index.html
http://www.statcan.ca/start.html
http://www.childrensfood.ca/index.htm
http://www.budget.gc.ca/2007/index_e.html