Professional Documents
Culture Documents
C S BAVEESH
A S HARIPRASATH
Agenda
INTRODUCTION
CONCLUSION
Introduction
• The core business model of the brand • MI is now present in over 100
is built on expanding its product countries with an affordable range of
offerings through aggressive price smartphones, smart TVs, laptops,
reduction. This pricing strategy is wearable and gaming devices. With a
aimed at gradually gaining a foothold global footprint, great product
in the market by providing low-cost quality at competitive prices, the
alternatives to more expensive company is expanding its reach to
products without compromising on various new markets every year.
quality or features. • Most of the sales are done online
• As of 2022, the price of Redmi’s rather than offline
smartphone range from as low as • Shifted its primary focus towards
₹5,000 to as high as ₹200,000. expanding into offline markets as
well.
Product Strategy of MI Promotion Strategy of MI
• MI entered the Indian market • In its starting years, MI relied very
through aggressive pricing and little on marketing. But now, it has
impressive product offerings but shifted to a more active approach in
has now found its niche in the sub- promotional activities as it focusing
continent being first amongst the on key regions like the US and
many to sell smartphones that are Europe, India as well as China
feature-packed and priced at the itself.
level of entry-level smartphones.
• This has led to a lucrative segment
of the low-cost smartphone segment
having a mass appeal due to MI’s
high offerings at affordable prices.
Marketing Strategy of MI
• From the very beginning, MI has attempted to save its costs by reducing marketing spends.
• From having almost zero budget for advertising to building a strong fan base, MI has
succeeded in making its marketing extremely unique and personal.
HR Strategy by MI
• Applicant Tracking System to help to manage potential candidate’s experience better
• HRMS to allow to manage the full employee lifecycle from their entry to exit
• Paperless onboarding platform for all new hires
• Integrated messaging, video call, email and file collaboration platform – not just for HR but
for the entire organization.
SWOT ANALYSIS
STENGTH WEAKNESS OPPURTUNITIES
• Largest smartphone • Focusing more on its
• Not everyone trusts
makers in today’s time offline stores which can
buying from online
• Very affordable and low platforms increase their sales
prices • Adapt to various
• Misses the chance to reach
• Variety of products on the high-income customers technological changes
shelf to offer quickly
THREATS
• Numerous competitors