Professional Documents
Culture Documents
INTRODUCTION
PRODUCT CONCEPT
PESTLE ANALYSIS
(POLITICAL FACTORS, ECONOMIC FACTORS, SOCIAL FACTORS,
TECHNOLOGICAL FACTORS, LEGAL FACTORS AND ENVIRONMENTAL
FACTORS.)
1. POLITICAL FACTORS-
PHILIPS HOLDS APPROXIMATELY 1.05,000 EMPLOYEES AND
OPERATES IN MORE THAN 60 COUNTRIES. IT HAS A VERY
ASSORTED PORTFOLIO RANGING FROM DOMESTIC APPLIANCES,
CONSUMERS ELECTRONICS, PERSONAL HEALTH TO PERSONAL
CARE. SEEING THIS KIND OF DIVERSIFIED BUSINESS THE
GOVERNMENT IN ALL THE COUNTRIES HAS SOME RULES AND
REGULATIONS WHICH PHILIPS JUICER HAS TO FOLLOW AND
ADHERE TO. EARLIER, WHEN THERE WAS A TRADE WAR BETWEEN
THE US AND CHINA, BECAUSE OF THIS WAR THEIR WAS A
NEGATIVE IMPACT ON THE PROFIT OF PHILIPS JUICER.
2. ECONOMIC FACTORS-
TO SURVIVE AND GROW, ECONOMIC STABILITY IS VERY
IMPORTANT FOR PHILIPS JUICER. THE LED LIGHTS HAS
SIGNIFICANTLY OPENED UP THE GROWTH OPPORTUNITY FOR THE
PHILIPS AFTER THE PROMOTION OF THE GOVERNMENT. THE
SUPPLY FOR JOB IS MORE THAN THE DEMAND OF PEOPLE ARE
WILLING TO WORK AT LOW WAGES WHICH WILL HELP PHILIPS
JUICER TO HIRE PEOPLE AT LOWER WAGES BECAUSE THE
UNEMPLOYMENT RATE IN CHINA AND INDIA IS INCREASING. THE
WORLD ECONOMY HAS SLOWED DOWN DUE TO THE TRADE WAR
BETWEEN THE US AND CHINA, ESPECIALLY THE ECONOMY OF
CHINA HAS DECREASED AT A GREATER SCALE AND HAD
DECREASED THE CONSUMERS CONSUMPTION OF GOODS AND THE
DEMAND FOR PHILIPS PRODUCT(JUICER) HAS ALSO DECLINED.
3. SOCIAL FACTORS-
THE CHANGE IN THE THOUGHT PROCESS OF CUSTOMERS
REGARDING THE ENVIRONMENT HAS CREATED A LOT OF
OPPORTUNITIES FOR THE PHILIPS. NOW THE PEOPLE ARE DOING
ADVANCEMENT IN THEIR LIFESTYLES AND CHANGING FROM THE
CONVENTIONAL METHOD AND MOVING TOWARDS THE PHILIPS
JUICER IN WHICH PHILIPS IS HAVING ITS MARKET CONDITION AT
THE TOP. IN THIS COMPETITIVE MARKET THE CUSTOMERS ARE
ALWAYS LOOKING FOR SOME KIND OF INNOVATION AS THEIR
PREFERENCES IS CHANGING RAPIDLY. PHILIPS IS ALWAYS
WORKING TO MEET ALL THE EXPECTATIONS OF THEIR CUSTOMER
AND MAKE THEY HAPPY AND SATISFIED. IT ALSO CAME UP WITH
AN NEW INNOVATION KNOWN AS PHILIPS HUE WHICH IS A LINE OF
COLOUR CHANGING LED LAMPS AND WHITE BULBS IS CAN BE
CONTROLLED AND USED WIRELESSLY. NOW ITS CONVENIENT FOR
THE CUSTOMERS TO CHANGE THE LIGHTS ACCORDING TO THEIR
MOOD, TIME AND WEATHER.
4. TECHNOLOGICAL FACTORS-
PHILIPS IS VERY MUCH ADVANCED IN TECHNOLOGICAL
BACKGROUND. THE MAIN FOCUS OF PHILIPS JUICER IS TO PROVIDE
INNOVATIVE AND TECHNOLOGICAL ADVANCED PRODUCTS TO ITS
CUSTOMERS AND CREATE CUSTOMER SATISFACTION. THE
TAGLINE ITSELF TELL ABOUT THE "INNOVATION AND YOU". THE
COMPACT CASSETTE, THE MP3, THE COMPACT DISC, THE BLUE RAY
DISC IN COLLABORATION WITH SONY AND FINALLY THE WORLD
FIRST LCD TV IN THE YEAR 2013 WAS LAUNCHED AT FIRST BY
PHILIPS. BY INTRODUCING PHILIPS VEREOS DIGITAL PET/CT
SYSTEM AND IQON SPECTRAL CT SYSTEM HAS BROUGHT A
QUANTUM LEAP TECHNOLOGY IN RADIOLOGY. THE INNOVATIVE
DIGITAL SILICON PHOTOMULTIPLIER DETECTORS WAS USED IN
THE VEREOS DIGITAL PET/CT SYSTEM INSTEAD OF THE
TRADITIONAL ANALOG DETECTORS WHICH INCREASED THE
SPEED BY TWO TIMES IN VOLUMETRIC RESOLUTION, SENSITIVITY
GAIN AND QUANTITATIVE ACCURACY.
5. LEGAL FACTORS-
ALL THE ORGANISATION IN THE WORLD IS ABID BY RULES AND
REGULATIONS IN WHICH IT OPERATES AND IT IS ALWAYS
EXPECTED THAT THE ORGANISATION WILL FOLLOW ALL THE
LAWS, RULES AND REGULATIONS. AS PHILIPS IS OPERATING IN
DIFFERENT VERTICAL MARKETS, IT NEEDS TO FOLLOW ALL THE
LAWS RELATED TO THE RESPECTIVE VERTICAL MARKETS.
RECENTLY IN HEALTHCARE SECTOR FACED A LEGAL ISSUE
WHEREIN IT WAS RESPONSIBLE FOR MISMANAGING 3623
COMPLAINTS REGARDING THE PROBLEMS OF ITS IMAGING
MACHINES. THIS PROBLEM HAD THE POTENTIAL TO CREATE
SERIOUS INJURIES BUT DIDN'T CREATE ANY SUCH PROBLEM. IN
ANOTHER CASE THERE WAS AN INFRINGEMENT OF COPYRIGHT
CASE FILED AGAINST NOVA OF ITS ADVANCED BEARD TRIMMER
SERIES 3000, THE DELHI HIGH COURT ANNOUNCED ITS RESULT IN
THE FAVOUR OF PHILIPS AND 3 CRORE WAS ALSO AWARDED TO
PHILIPS AS A COMPENSATION.
6. ENVIRONMENTAL FACTORS-
DUE TO THE RAPID CHANGES IN CLIMATIC CONDITIONS, IT
BECAME A HUGE TASK OR RESPONSIBILITY FOR AN
ORGANISATION TO PROVIDE SUSTAINABLE PRODUCTS AND
SERVICES IN ONE WAY OR THE OTHER. THE INAUGURAL CHANGE
THE WORLD SUSTAINABILITY ALL STARTS LIST PUBLISHED BY
FORTUNE WAS EXCEEDED BY PHILIPS IN 2017. PHILIPS JUICER HAS
SET ITS TARGET TO USE 100% RENEWABLE ENERGY BY 2020
THROUGH THE USE OF FULLY CARBON NEUTRAL IN ITS
OPERATIONS. BY 2020 IT HAS ALSO DECIDED TO RECYCLE 90% OF
ITS OPERATIONAL WASTE. IT ALREADY HAD MADE A
REMARKABLE STEP TOWARDS SUSTAINABILITY. THERE IS ZERO
WASTE TO LANDFILL IN 65% OF MANUFACTURING SITES. IN
AFRICA MORE THAN 600 MILLION PEOPLE USE KEROSENE AND
CANDLES TO GET RID OF DARKNESS AND THIS WAS
ACKNOWLEDGED BY PHILIPS. THEN PHILIPS DEVELOPED A
PRODUCT THAT HAS A COMBINATION OF OG INNOVATION IN LED,
SOLAR PANELS AND BATTERY TECHNOLOGY TO HELP THE PEOPLE
TO GET EFFICIENT LIGHT ENERGY AT AFFORDABLE PRICES. THE
THOUGHT CAME UP BECAUSE KEROSENE IS DANGEROUS TO THE
ENVIRONMENT.
COMPETITION ANALYSIS
REFERENCES
https://www.philips.co.in/
https://www.bartleby.com/essay/Distribution-Channels-for-Philips-
P3UCBZ4K6YYA
https://www.philips.co.in/c-t/XC000003632/my-philips-juicer-is-not-working
https://www.ibef.org/download/PHILIPS.pdf
https://www.conzumr.com/br/JUICER_MIXER_GRINDER/compare?prodList
=6217,7520