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Goodsun Solar Bcom
Goodsun Solar Bcom
INTRODUCTION
Solar water heating is water heated by the use of Solar energy Solar heating
systems are generally composed of solar thermal collectors, a water storage tank
or another point of usage, interconnecting pipes and a fluid system to move the
heat from the collector to the tank. This thermodynamic approach is distinct from
semiconductor photovoltaic (PV) cells that generate electricity from light; solar
water heating deals with the direct heating of liquids by the sun where no
electricity is directly generated. A solar water heating system may use electricity
for pumping the fluid, and have a reservoir or tank for heat storage and
subsequent use. The water can be heated for a wide variety of uses, including
home, business and industrial uses. Heating swimming pools, under flow heating
or energy input for space heating or cooling are common examples of solar water
heating. A solar water heating system can form part of a solar thermal cooling
system, promoting efficient temperature control of buildings or parts thereof.
During cool conditions, the same system can provide hot water. Solar heating of
buildings in temperate climates has a season-problem: In winter, when most
heating is needed, least is available from the sun. This can often be solved by
storing solar heat in the ground or in groundwater. Residential solar thermal
installations fall into two groups: passive (sometimes called "compact") and
active (sometimes called "pumped") systems. Both typically include an auxiliary
energy source (electric heating element or connection to a gas or fuel oil central
heating system) that is activated when the water in the tank falls below a
minimum temperature setting such as 55°C. Hence, hot water is always
available. The combination of solar water heating and using the back-up heat
from a wood stove chimney to heat water can enable a hot water system to work
all year round in cooler climates, without the supplemental heat requirement of a
solar water heating system being met with fossil fuels or electricity. When a solar
water heating and hot-water central heating system are used in conjunction, solar
heat will either be concentrated in a pre-heating tank that feeds into the tank
heated by the central heating, or the solar heat exchanger will replace the lower
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heating element and the upper element will remain in place to provide for any
heating that solar cannot provide. However, the primary need for central heating
is at night and in winter when solar gain is lower. Therefore, solar water heating
for washing and bathing is often a better application than central heating because
supply and demand are better matched. In many climates, a solar hot water
system can provide up to 85% of domestic hot water energy. This can include
domestic non-electric concentrating solar thermal systems. In many northern
European countries, combined hot water and space heating systems (solar comb
systems) are used to provide 15 to 25% of home heating energy.
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2. OBJECTIVES OF STUDYING THE ORGANIZATION
Quality Objective
OBJECTIVES
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SCOPE OF THE STUDY
a) Through this the company can know how much they were able to attract
their customers by their sales promotional strategies.
b) And they will be also having a better understanding on whether public
gives more attractive ads and reach out to people or private gives more
attractive ads and reach out to people.
LIMITATIONS
There are some limitations in conducting the study on the Marketing activities of
Goodsun industries pvt ltd. The limitations are as follows:
a) The study is conducted only with 100 samples from various geographical
locations.
b) The survey conducted is based on Engineers through questionnaire and it
was very difficult in collecting samples.
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3. OVERVIEW OF THE ORGANIZATION
BRANCHES:
Kerala: 9249530190
Pondicherry: 9842243043.
Karnataka: (0)9842230194.
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3.1 BRIEF HISTORY
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3.2 NATURE OF THE ORGANIZATION
The goodsun is manufacturing of Solar Water Heaters Hot water heated by the
sun is used in many ways. While perhaps best known in a residential setting to
provide hot domestic water, solar hot water also has industrial applications, e.g.
to generate electricity Designs suitable for hot climates can be much simpler and
cheaper, and can be considered an technology.
'Goodsun' Solar Water Heating Systems, Domestic & Industrial Models Special
Design For Hard Water Applications.
Commitment to Service
As part of our commitment to the customer we offer two free services during the
first two years. We also offer you a choice of two maintenance contracts that
suits your requirements. We are also equipped with a mobile service van to
ensure that service is prompt and efficient. All genuine spare parts are available
with us.
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3.3 BUSINESS VOLUME
● Exclusive Design for Hard water application to protect Solar Collector against
Scale formation.
● Operates on thermos phonic principle.
● No motors and control instruments.
● All stainless steel construction (316 grade, Original SALEM)
● Simple and intelligent design.
● Larger heat transfer area.
● Minimum maintenance after longer operative period.
● Internally and externally grooved for better efficiency.
● Cross flow and vertical flow tubes ensures maximum heat transfer.
● Hydraulically and pneumatically tested.
● Safest to operate and simplest to maintain
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Goodsun is a Coimbatore based company specializing in the manufacturing of
Solar Water Heaters. Goodsun is, in fact, the largest selling brand in India with
over 20000 installations and counting.
The system is provided with battery storage backup sufficient to operate the light
for 10-11 hours daily. The system is provided with automatic ON/OFF time switch
for dusk to dawn operation and overcharge / deep discharge prevention cut-off
with LED indicators.
The solar street light system comprise of
74 Wp Solar PV Module
12 V, 75 Ah Tubular plate battery with battery box
5 meter mild steel lamp post above ground level with weather proof paint
and mounting hardware.
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The SPV modules are reported to have a service life of 15-20 years. Tubular
Batteries with the solar street lighting system require lower maintenance; have
longer life and give better performance as compared to pasted plate batteries
used earlier.
GOODSUN Solar Modules are approved as per requirement of MNES, India and
also confirms to the requirement of Electrical Protection.
Field Adjustable Solar Panel Mount can be rotated around 360 with respect to
vertical plane and be tilted from 15 with respect to Horizontal plane to obtain
maximum light facing the sun.
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Battery:- Battery used is low maintenance Tubular battery specifically designed
for solar applications. The battery provides uninterrupted power for dusk to dawn
operation of the light with 3 days autonomy.
Models:- Solar Street Lighting systems can be designed and produced for
specific customer requirements based on parameters like; number of lights in the
same pole, different wattages of bulbs and different Hours of operation (4,6,8,10
& 12 Hours) with timer based circuits.
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to your hot water and space heating needs. These high-performance systems
are efficient and reliable. They're designed for ease of use and low maintenance.
Attractively priced, they allow you to reduce your conventional energy costs.
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For property developers and building owners - Goodsun Solar Water Heaters are
engineered to perform in demanding commercial and industrial applications.
When used to supplement conventional forms of water or space heating, they
generate immediate savings in operating costs. Solar systems require little
maintenance; they also result in higher property values.
GOODSUN Solar fences are the first line of defense, at the perimeter. It serves
as a deterrent to would-be intruders, who climb the primary barrier, the
compound wall. All other home security devices serve only as detection devices.
When intruders touch the electric fence, they will gets a shock which is safe, but
is an unforgettable experience.
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Solar fencing is emerging as one of the best methods for protection of crops and
property from domestic and wild animal damages. The fence comprises of
several strands of galvanized iron (GI) wires drawn along the perimeter. A high
voltage electrical pulse is transmitted through the wires. Any animal/human.
Being touching the wires gets a sharp, short, painful but safe shock. The animals
hesitate to come in contact with the fence again. The fencing thus becomes a
psychological but active barrier and the animal/human being will not generally
attempt to negotiate the fence again.
The electrical impulse is generated by an energizer. The energizer produces high
voltage impulses of approximately 8 vs. once in every 0.9 to 1.2 seconds. The
impulse lasts for approximately 300 millionths of a second to 0.1 second and has
a current of up to 10 am. The current supply is generally available from 12 V
battery charged by solar power supply system.
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Advantages Of The Electric Power Fencing Over The Conventional
Methods
4. ORGANIZATIONAL STRUCTURE
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different ways and styles, depending on their objectives and ambience. The
structure of an organization will determine the modes in which it operates and
performs.
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Functional structure
Divisional structure
Matrix structure
The matrix structure groups employees by both function and product. This
structure can combine the best of both separate structures. A matrix organization
frequently uses teams of employees to accomplish work, in order to take
advantage of the strengths,
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Weak/Functional Matrix: A project manager with only limited authority is
assigned to oversee the cross- functional aspects of the project. The functional
managers maintain control over their resources and project areas.
The company empowers employees to make their own decisions and train them
to develop both hard and soft skills. That makes goodsun one of the best at
customer service. In general, over the last decade, it has become increasingly
clear that through the forces of globalization, competition and more demanding
customers, the structure of many companies has become flatter, less
hierarchical, more fluid and even virtual.
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Team
Network
Another modern structure is network. While business giants risk becoming too
clumsy to proactive (such as), act and react efficiently, the new network
organizations contract out any business function that can be done better or more
cheaply. In essence, managers in network structures spend most of their time
coordinating and controlling external relations, usually by electronic means.
H&M is outsourcing its clothing to a network of 700 suppliers, more than two-
thirds of which are based in low-cost Asian countries. Not owning any factories,
H&M can be more flexible than many other retailers in lowering its costs, which
aligns with its low-cost strategy.
Virtual
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4.1 MAIN OFFICES
Coimbatore-Head Office
Branch office:
1. Chennai
2. Hyderabad
3. Delhi
4. Pondicherry
5. Cochin
6. Madurai
7. Salem
8. Trichy
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4.2 MARKETING OPERATIONS
Sales – what revenue must be achieved and what coverage model that has to be
enabled
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Throughout this process, which typically lasts for several months, Marketing
Operations interfaces with the other functions, manages a timeline for Marketing
input and deliverables, and helps build the final document – the Marketing annual
plan. The budgeting component of this exercise can happen from the top down,
bottom-up, or some combination of both.
Sometimes the executive team and/or Finance provide numbers within which
each function must plan. Sometimes the executive team and/or Finance will ask
each function what they believe they need for the coming year. And sometimes
both happen creating a tug-of-war scenario that must be worked out before
agreement can be reached on the budget for the coming year market.
Data
‘Database marketing’ is the term used for the marketing techniques that are
aimed at leveraging data to deliver more highly personalized, relevant
campaigns. The Direct Marketing Association (DMA) sponsors an annual
conference called The National Center for Database Marketing focused on just
this topic.Database marketing emphasizes the use of statistical techniques to
develop models of customer behavior, which are then used to select customers
for communications. As a consequence, database marketers also tend to be
heavy users of data warehouses, because having a greater amount of quality
data about customers increases the likelihood that a more accurate model can
be built. data attributes accurate name, address, company, title, firm graphic,
demographic and preference information to the contact record for a customer or
prospective customer. Obtaining.
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A comprehensive effort involves the following steps:
It is good practice to measure the quality of the data before implementing these
steps, and then measuring again when done, and every quarter thereafter. Some
relevant metrics include: the number of duplicates, email bounce-backs,
percentage of dummy data, response rates, etc..
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5. STRUCTURE OF MARKETING DEPARTMENT
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cost-efficient marketing management strategy; firms must possess a detailed,
objective understanding of their own business and the market in which they
operate. In analyzing these issues, the discipline of marketing management often
overlaps with the related discipline of strategic planning.
Structure
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Marketing managers may also work with the accounting department to analyze
the profits the firm is generating from various product lines and customer
accounts. The company may also conduct periodic brand audits to assess the
strength of its brands and sources of brand equity.
The firm's collaborators may also be profiled, which may include various
suppliers, distributors and other channel partners, joint venture partners, and
others. An analysis of complementary products may also be performed if such
products exist.
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6. FUNCTION OF MARKETING DEPARTMENT
Marketing starts with market research, a learning process in which marketers get
to know everything they can about the needs and wants of consumers, and it
ends when somebody buys something. Many companies feel that services
provided to customers after the purchase also are an important part of marketing.
All of these enterprises -- production, advertising, transportation,
Processing, packaging, and selling -- are included in the marketing process.
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6.1 MARKETING STRATEGY
Marketing strategy is a process that can allow an organization to concentrate its
limited resources on the greatest opportunities to increase sales and achieve a
sustainable competitive advantage. A marketing strategy should be centered on
the key concept that customer satisfaction is the main goal.
To achieve the desired objectives, marketers typically identify one or more target
customer segments which they intend to pursue. Customer segments are often
selected as targets because they score highly on two dimensions: 1) The
segment is attractive to serve because it is large, growing, makes frequent
purchases, is not price sensitive (i.e. is willing to pay high prices), or other
factors; and 2) The company has the resources and capabilities to compete for
the segment's business, can meet their needs better than the competition, and
can do so profitably. In fact, a commonly cited definition of marketing is simply
"meeting needs profitably."
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Marketing strategy determines the choice of target market segments,
positioning, marketing mix, and allocation of resources. It is most effective when
it is an integral component of overall firm strategy, defining how the organization
will successfully engage customers, prospects, and competitors in the market
arena. Corporate strategies, corporate missions, and corporate goals. As the
customer constitutes the source of a company's revenue, marketing strategy is
closely linked with sales.
Similarly, the various strands of the strategy , which might include advertising,
channel marketing, internet marketing, promotion and public relations can be
orchestrated. Many companies cascade a strategy throughout an organization,
by creating strategy tactics that then become strategy goals for the next level or
group. Each one group is expected to take that strategy goal and develop a set
of tactics to achieve that goal. This is why it is important to make each strategy
goal measurable. Marketing strategies are dynamic and interactive. They are
partially planned and partially unplanned. See strategy dynamics. Marketing
strategies may differ depending on the unique situation of the individual
business. However there are a number of ways of categorizing some generic
strategies. A brief description of the most common categorizing schemes is
presented below:
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Strategies based on market dominance - In this scheme, firms are classified
based on their market share or dominance of an industry. Typically there are four
types of market dominance strategies:
Leader
Challenger
Follower
Niche
Strategic models
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Real-life marketing
Thus, for example, many new products will emerge from irrational processes and
the rational development process may be used (if at all) to screen out the worst
non-runners. The design of the advertising, and the packaging, will be the output
of the creative minds employed; which management will then screen, often by
'gut-reaction', to ensure that it is reasonable.
For most of their time, marketing managers use intuition and experience to
analyze and handle the complex, and unique, situations being faced; without
easy reference to theory. This will often be 'flying by the seat of the pants', or
'gut-reaction'; where the overall strategy, coupled with the knowledge of the
customer which has been absorbed almost by a process of osmosis, will
determine the quality of the marketing employed.
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6.2 PRODUCT PLANNING, DEVELOPMENT & MANAGEMENTS
Product planning
Identifying new product candidates
Gathering market requirements
Determine business-case and feasibility
Scoping and defining new products at high level
Evangelizing new products within the company
Building product roadmaps, particularly Technology roadmaps
Working to a critical path and ensuring all products are produced on schedule
Ensuring products are within price margins and up to spec
Product Life Cycle considerations
Product differentiation
Detailed Product planning
Idea screening
In manufacturing industries,1 to 5000 new raw material ideas is common
In auto, 1 to 20 new cars concept is made to prototype
Social issues:
Customer welfare
Safety
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Concept development & testing
Concept development
Concept testing
Concept analysis- examine consumer perception and acceptability
Marketing strategy
To introduce product in market
Target market size, structure, behavior
Consider views of retailers and wholesaler
Business analysis
Estimating total sales
Estimating costs and profits
If found viable go to development stage
Test marketing
Standard test markets
Controlled test markets
Simulated test markets
Something, line extensions are not tested
Commercialization
Timing
Geographic strategy
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6.3 PRICING STRATEGY
Price is the only element in the marketing mix that produces; all others represent
costs
Profit oriented:
To achieve a target return-a firm may price its products to achieve a
target return-a specified percentage return on its investment. They add an
amount to the cost of the products,
Called a markup, to cover anticipated operating cost and provide a desired profit
Maximize profit: the goal of the firm is profit maximization.
Sales oriented:
Increase sales volume: this pricing goal is to achieve rapid growth in the
industry or to discourage others firms from entering a market.
Increase market share: companies for large market share in order to drive
doen production cost, reach economic of scale, or to project a dominance
appearance. They accept small profit margins and their costs.
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Status Quo oriented:
Stabilize price and meeting competition: a firm maintains its current
standing in the market, and therefore, seeks to avoid competition.
Price stabilize often is the goal in industries where (a) the products is
highly standardized (e.g. steel) and (b) one large firm, acts as a leader in setting
prices for smaller firms.
A price cut by any one firm is likely to matched by all other to remain
competitive.
Channels
Distribution channels may not be restricted to physical products alone. They may
be just as important for moving a service from producer to consumer in certain
sectors, since both direct and indirect channels may be used. Hotels, for
example, may sell their services (typically rooms) directly or through travel
agents, tour operators, airlines, tourist boards, centralized reservation systems.
There have also been some innovations in the distribution of services.
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There has also been some evidence of service integration, with services linking
together, particularly in the travel and tourism sectors. For example, links now
exist between airlines, hotels and car rental services. In addition, there has been
a significant increase in retail outlets for the service sector. Outlets such as
estate agencies and building society offices are crowding out traditional grocers
from major shopping areas.
Managerial concerns
The channel decision is very important. In theory at least, there is a form of trade-
off: the cost of using intermediaries to achieve wider distribution is supposedly
lower. Indeed, most consumer goods manufacturers could never justify the cost
of selling direct to their consumers, except by mail order. Many suppliers seem to
assume that once their product has been sold into the channel, into the
beginning of the distribution chain, their job is finished. Yet that distribution chain
is merely assuming a part of the supplier's responsibility; and, if they have any
aspirations to be market-oriented, their job should really be extended to
managing all the processes involved in that chain, until the product or service
arrives with the end-user. Channel membership
Channel motivation
Monitoring and managing channels
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Channel motivation
In much the same way that the organization's own sales and distribution activities
need to be monitored and managed, so will those of the distribution chain. In
practice, many organizations use a mix of different channels; in particular, they
may complement a direct sales force, calling on the larger accounts, with agents,
covering the smaller customers and prospects. These channels show marketing
strategies of an organization. Effective management of distribution channel
requires making and implementing decision in these areas.
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6.5 PROMOTIONAL STRATEGY
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A successful product or service means nothing unless the benefit of such a
service can be communicated clearly to the target market. An organizations
promotional strategy can consist of:
Advertising: Is any non personal paid form of communication using any form of
mass media?
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7. CRITICAL ANALYSIS OF THE TTHEORITICAL CONCEPTS
Critical Analysis
Critical thinking employs not only logic but broad intellectual criteria such
as clarity, credibility, accuracy, precision, relevance, depth, breadth,
significance and fairness.
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critical thinking one considers evidence,(like investigating evidence) the context
of judgment, the relevant criteria for making the judgment well, the applicable
methods or techniques for forming the judgment, and the applicable theoretical
constructs for understanding the problem and the question at hand."Critical" as
used in the expression "critical thinking" connotes the importance or centrality of
the thinking to an issue, question or problem of concern. “Critical” in this context
does not mean “disapproved” or “negative.” There are many positive and useful
uses of critical thinking, for example formulating a workable solution to a complex
personal problem, deliberating as a group about what course of action to take, or
analyzing the assumptions and the quality of the methods used in scientifically
arriving at a reasonable level of confidence about a given hypothesis. Using
strong critical thinking we might evaluate an argument, for example, as worthy of
acceptance because it is valid and based on true premises. Upon reflection, a
speaker may be evaluated as a credible source of knowledge on a given topic
The need for a push behind creativity is particularly stark in the advertising and
marketing agency market, which relies on selling its ideas to multiple businesses.
As clients cut their budgets, keeping staff motivated and taking a positive
approach to the competitive market can be a challenge.
Pest factors- These are external forces which the organization does not have
direct control over these factors. PEST is an acronym and each letter represents
a type of factor (Political, Environments Social and Technological)
Micro environment factors- These are internal factors, which the organization can
control.Critical analysis is used to identifying the external forces affecting an
organization
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Political
The first elements of a critical analysis are a study of political factors.
Political influence organization in many ways. Political factors can create
advantage and opportunities for organization. Conversely type can place
obligation and duties on organization. Political include the following types of
instruments:
Economical
The second element of PEST analysis involves a study of economic
factors. All business are affecting by national economic factors. National and
global interest rate and fiscal policy will be set around economic conditions. The
climate of the economy dictates how consumer, suppliers and other
organizational stakeholders such as suppliers and credit behave within society.
Social
The third aspects of critical focus its attention on forces within society
such as family, friends, colleagues, neighbors and the media. Social forces affect
our attitudes, interest and opinion these forces shape who we are as people, the
way we behave and ultimately what we purchase.
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Technological
Technological infrastructure such as the internet and other information
exchange systems including telephone
Technological systems incorporating a multitude of software which help
them manage their business
Technological hardware such as mobile phones, laptops desktop which
transmit and record information
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7.1 SUCESSAND FAILURE OF DIFFERENT PRODUCTS OF THE
ORGANIZATION IN THE MARKET ALONG WITH REASION
Another way of looking at it is: If half of all households used solar water heaters,
the reduction in CO2 emissions would be the same as doubling the fuel-
efficiency of all cars.
Solar Water Heaters Gaining Popularity Having half of all households use solar
water heaters might not be such a tall order. According to the Environmental and
Energy Study Institute (EESI), there are 1.5 million solar water heaters already in
use in U.S. homes and businesses. Solar water heater systems can work in any
climate and EESI estimates that 40 percent of all U.S. homes have sufficient
access to sunlight such that 29 million additional solar water heaters could be
installed right now.
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Solar Water Heaters: The Economical Choice Another great reason to switch to a
solar water heater is financial. The system must be certified by the Solar Rating
and Certification Corporation. This is very exciting. It's something that has been
much anticipated by the industry. Not only the California Center for Sustainable
Energy but also for solar water heating installers, and solar water heating
manufacturers and then of course, like you said, folks who are looking to install
this type of technology. This is going to be hopefully the financial push or kick
that will help them be able to afford these systems.
A lot of people think a solar water heating system replaces your current
conventional fuel water heating system, and actually it works in conjunction with
whatever water heater you have.. It's a flat plate collector. And this is what will go
on the roof. This one collector will literally heat the water needs for about two
people in the home. So there's plenty of space on the roof if you did want to
install a solar electric system as well. And the way that the system works is ...
Again, this is on the roof. You'll see it's a dark surface that will be absorbing the
heat from the sun. It's covered with a glass plate. So sort of like your car on a hot
day, it has a greenhouse effect, the heat is trapped inside, and that’s also how
this collector works. So it traps the heat underneath the surface and we can't see
this, but underneath this surface are small copper pipes that contain water or a
heat transfer fluid.
FAILURE
Solar hot water heaters need sunlight to work. While you can store the heat and
create closed loop systems that protect the system from freezing, the use of solar
hot water heaters really makes sense if you have full sun exposure and are
willing to moderate your usage. It also may cost more to install a domestic solar
hot water system. These can run on 12v oe 11v for the pump, or you could go
passive- there are many different types and options. Check Home Power mag.
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Electric hot water systems come in two flavors; tank and tankless. For electric
tank systems, the cost of heating water with electricity can be quite large. These
tank heaters store hot water and are using electricity just to keep the tank warm.
Tank less water heaters or "on demand" water heaters (both gas and electric)
are fantastic! They are the least expensive to operate, and fairly simple to install.
The electric tank less heater requires no exhaust ducting and is perfect for under
the counter usage or with larger units can heat the water for an entire home. The
tank less design never runs out of water! These are perfect for solar installations
that may encounter weeks of cloudy weather. The units are more expensive than
tank heaters, and usually require 220v service (if electric).
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7.3 FUTURE PROSPECTS OF THE ORGANIZATION
According to India's building materials first network reporter has learned that in
2010 the development of solar energy industry will continue the trend continue in
2009, a substantial cut in national planning the acquisition price, the price of solar
energy systems will continue to fall in order to maintain the rate of basic pay,
solar manufacturing footprint will continue to towards low production cost regions.
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Solar power is currently prohibitive due to high initial costs of deployment. To
spawn a thriving solar market, the technology needs to be competitively cheaper
— i.e. attaining cost parity with fossil or nuclear energy. India is heavily
dependent on coal and foreign oil — a phenomenon likely to continue until non-
fossil / renewable energy technology becomes economically viable in the
country. The cost of production ranges from Rs 15 to Rs 30 per unit compared to
around Rs 5 to Rs 8 per unit for conventional thermal energy Lack of electricity
infrastructure is one of the main hurdles in the development of rural India. India's
grid system is considerably under-developed, with major sections of its populace
still surviving off-grid. As of 2004 there are about 80,000 unelectrified villages in
the country. Of these villages, 18,000 could not be electrified through extension
of the conventional grid.
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8. SHORT-FALL/WEAKNESSES OF MARKETING DEPARTMENT
Marketing is the part of the company that gets the corporate message to the
public and also creates the company's image to customers and competitors. It is
important to constantly evaluate the strengths and weaknesses of a marketing
group to ensure marketing dollars are being spent wisely and that the company is
getting the exposure it needs to properly compete in their industry.
SWOT Evaluation
When evaluating the strengths and weaknesses of any marketing approach, it
is a good idea to use a SWOT evaluation to pinpoint areas in need of
improvement. SWOT is an acronym for strengths, weaknesses, opportunities and
threats; it is used throughout the marketing industry to evaluate the effectiveness
of a marketing plan or department.
In the SWOT exercise, the strengths and weaknesses are internal parts of the
company while opportunities and threats are based on customers and
competition. A SWOT exercise is an interesting tool to use, but marketing experts
warn against basing too much on the results of a SWOT analysis that was
performed in-house. To truly understand how the various elements of a
marketing campaign can succeed or fail, it is important to have a SWOT analysis
done by a qualified third-party and then use that SWOT analysis as part of a
guide to improving the perceived weaknesses in the marketing department.
Laws and Patents
Several external factors have an effect on the success or failure of a marketing
group that need to be kept in mind at all times. A marketing group needs to keep
track of changes in the law that may affect the company's ability to be
competitive; it is also important to keep track of the patents that allow the
company to own the exclusive rights to certain technologies and procedures. A
loss of patent rights to a technology could be a devastating failure for a company.
Basics
To understand strengths and weaknesses in a marketing program or
department, it is important to first understand some of the most basic strengths
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and weaknesses to any business. Strengths to a business can be things such as
the location of the business, the process used for quality control of products or
shipping and the ability for the company to remain on the cutting edge of new
technology. Weaknesses of any organization could be a lack of expertise in
critical areas of product development either through a loss of important
employees or poorly planned growth of the company, a lack of a qualified
marketing department and a poor public perception of the company and its
products.
Opportunities
Marketing is supposed to drive demand and react to changes in the market.
Successful marketing is able to capitalize on a gap in the company's industry left
by either a competitor going out of business or by a competitor's corporate
changes, the marketing opportunities offered by the continued expansion of the
Internet and helping customers to understand how new and popular technologies
are utilized by your company's products.
Internal Factors
There are several corporate factors that can help to enhance a marketing
department or hinder the progress of the marketing group. Budget cuts are the
biggest negative impact a company can have on its marketing group; in many
cases, the marketing budget is one of the first budgets to be cut when an
economic crisis hits. It is also important to consider whether your marketing staff
has the experience to create a successful program and also whether you have
sufficient staff to carry out all of the tasks assigned to the marketing group.
9. CONCLUSION
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After doing a survey on company’s marketing strategy activities to find out
whether it has been effective or not I came to conclusion that company has to
introduce some more innovative ads from the point of view of the customers so
that they can have better understanding of essentials of each and every product
of the company. The company should be concentrating more rather than
concentrating on their offers has not been that much effective so that they have
to introduce some innovative measures to improve that problem and the
newspaper ads also has not been that much effective .
In short even though people know more about the company and their
products, the company’s sales promotional strategies and marketing strategy has
been not much effective but if the company improves their marketing strategies
that will help in companies’ sales.
BIBLIOGRABHY
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Marketing management, Philip kotler, www.prenhall.com/kotler
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