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PROJECT REPORT
             On
Marketing Strategy of “WALTON” Ltd.




     Prepared for:
        Md. Nazrul Islam
        Sr. Lecturer
        Dept. of Business Administration
        Prime University
        Mirpur-1, Dhaka-1216.


     Submitted to:
         Saiful Islam
         ID No: 121020102032
         Program: M.B.A (Major in Marketing )
         Batch No: 29th (36cr.)
         Dept. of Business Administration

     Date of Submission: February15, 2013

            Prime University
            Mirpur-1, Dhaka-1216




                     1
Letter of Transmittal

February15, 2013


To,
Md. Nazrul Islam
Sr. Lecturer
Dept. of Business Administration
Prime University

Subject: Submission of Project Paper.

Dear Sir,

Here is my Project paper you have assigned me as a partial fulfillment of my MBA degree. It is an
obligatory requirement of MBA student to be attached with an organization for three months is order
to gain practical knowledge about marketing and other issue, which is referred to as the project study.
A lot of information collected from Walton Company Ltd. And so I have prepared a project report on
“Overall Marketing Strategy of WALTON” Ltd.


In this Project paper, I have tried to give my best effort. Besides this there may be have short comings.
There fore, I will be grateful if you kindly accept my report and oblige thereby.

Thanking you.
Yours truthfully,




Saiful Islam
ID No: 121020102032
Program: MBA (Major in Marketing )
Batch No: 29th (36 Cr.)
Dept. of Business Administration,
Prime University




                                                    2
Student’s Declaration



I, Saiful Islam, ID No: 121020102032, Batch: 29th, Program: MBA, Major in
Marketing, Department of Business Administration, Prime University do hereby
declare that the Project Report entitled “Marketing Strategy of Walton Ltd.” is an
original work done by me for the partial fulfillment of the Master of Business
Administration.

I also affirm that it has not been submitted by me before for any other degree.




----------------------------------
Saiful Islam
ID No: 121020102032
Program: M.B.A (Major in Marketing )
Batch No: 29th (36cr.)
Dept. of Business Administration,
Prime University




                                            3
Supervisor’s Certificate



The Project paper entitled “Marketing Strategy of Walton Ltd.” prepared by Saiful
Islam, a student of department of business administration, Prime University, ID No:
121020102032, Batch No: 29th, MBA program (Major in Marketing), under my
supervision and guidance.

I wish him every success in life.




------------------- -
Md. Nazrul Islam
Sr. Lecturer
Dept. of Business Administration
Prime University




                                        4
Acknowledgement


Preparing such a project paper has been a thrilling and learning experience for an
project like me. Project report is an important requirement for the completion of MBA
Degree. This project helps to introduce an organization‟s culture and its environment.
Apart from it also enrich our real life working experience.

First of all I express gratefulness to almighty ALLAH for the successfully completion
of my internship and preparation of this report, without whose will and help nothing
would be possible in this world. I am indebted to all of them. It would be unthinkable to
prepare such a report and present it in a lucid manner without the help of my supervisor
Md.Mizanur Rahman. I would like to extend my gratitude to Md. Amdadul Hague
Sarker, for his kind advice and suggestions. I was also greatly assisted by Shamim-Al-
Mamun, Assistant Director (marketing) and Sumon Chandra Basak, Officer,
Marketing of the company. I would like to give my heartiest thanks especially to
Alamin Hossain, Marketing Executive, for providing me the valuable information for
this report.



At last I would like to convey my best regards to all the employers of R.B. Group and
its sister concern WALTON Hi-tech‟s who helped me directly and indirectly during my
internship period.




                                           5
Executive Summary
The report on “WALTON: brand performance towards delivered customer satisfaction
and loyalty, was based on the course materials that I have learnt in WALTON Hi-Teach
Industries Limited a sister concern of R.B. Group I have gathered what I believed to be
the most complete information from the text and reference books. Marketing
department and management of WALTON Company have helped me extensively to
prepare this report named “The overall Marketing Strategy of WALTON”.

WALTON HIL (Walton Hi tech Industries Ltd.) is the pioneer of Refrigerator, Freezer,
and Motorcycle manufacturing technology in Bangladesh. It is also the manufacturer of
Energy Saving Lamp. R.B. Group (Mother Company) is the country‟s top business
Group in electrical and electronics goods using the brand name WALTON with some
other sector like Textiles, Dairy etc. The company has been running its business with a
great reputation since 1977. Establishment of Walton HIL to manufacture Refrigerator
and Freezer, Energy Saving Lamp and Motorcycle etc. In the country is a milestone in
the path of success and reputation of the brand WALTON.


Introduction of part-1deal with the introduction of the report. The main purpose was to
give the idea about how the data of this was collected and how the report was prepared.
I tried to collect all the needed information in limited time.

Company presentation of part 2 has dealt the basic information of the company
WALTON: The main purpose of this was to give the general information of the
organization to understand the business activities. Part 3 and 4 deal with the report topic
discussion about the marketing activities analysis. The main purpose is to emphasize on
the brand performance of the organization to find out the loyalty and satisfaction of
customers perceived value for WALTON product. I hope that the calculation and
recommendation will get a clear picture about the business activities of WALTON.
Conclusion of part 5 deals with the concluding statement of the report.




                                            6
Table of Contents

                               Topics                          Page No.
                               CHAPTER-1
1.1    BACK GROUND OF THE REPORT                               08
1.2    OBJECTIVE OF THE REPORT                                 08
1.3    METHODOLOGY                                             09
1.4    LIMITATION OF THE STUDY                                 09
                      CHAPTER-2 (ABOUT WALTON)
2.1    HISTORICAL BACKGROUND OF WALTON                         10
2.2    WALTON AT A GLANCE                                      11
2.3    MISSION                                                 12
2.4    GOAL                                                    13
2.5    OBJECTIVE                                               13
2.6    STRATEGIC INTENT                                        14
2.7    ORGANIZATIONAL STRUCTURE OF WALTON                      15
2.8    MAJOR CONSIDERATION IN HIRE SALES                       19
2.9    FORMS USED FOR REPORTING                                20
2.10   DISCOUNT METHOD                                         20
2.11   PRODUCT FACILITIES                                      21
2.12   DESCRIPTION OF THE TASKS PERFORMED BY EACH DIVISION     21
2.13   MARKETING STRATEGY AND MARKETING MIX                    22
2.14   WALTON MARKETING MIX                                    23
2.15   BUILDING A STRONG BRAND (WALTON )                       24
               CHAPTER- 3 (MARKETING ACTIVITY ANALYSIS)
3.1    PRODUCT ANALYSIS                                        25
3.2    CONSUMER ANALYSIS                                       27
3.3    PROMOTION ACTIVITY AND ADVERTISEMENT                    33
3.4    ADVERTISING PATTERN OF WALTON HI-TECH INDUSTRIES LTD.   35
3.5    THE OBJECTIVE OF ADVERTISING OF WALTON MARKETING        35
3.6    ADVERTISING AGENCY OF WALTON HI-TECH INDUSTRIES LTD.    36
3.7    SALES PROMOTION                                         36
3.8    WALTONS SALES PROMOTIONAL OBJECTIVES                    37
3.9    PRICE ANALYSIS                                          41
3.10   MARKET ANALYSIS OF THE INDUSTRY                         44
                CHAPTER-4 (FINDINGS & RECOMMENDATION)
4.1    SWOT ANALYSIS OF WALTON REFRIGERATORS & FREEZERS        46
4.2    RECOMMENDATIONS                                         48
5      CONCLUSION                                              50
6      REFERENCES                                              51
7      APPENDIXES                                              52




                                     7
CHAPTER – 1



1.1BACKGROUND OF THE REPORT

This is the report on internship program of MBA supervised by Md.Nazrul Islam Sr.
Lecturer, Department of Business Administration, Prime University. The project report
was placed in WALTON Hi Tech Industries Limited; for the three month internship to
have a practical Snatch over the Marketing activities of this organization. The topic of
the report is proposed “The Overall Marketing Strategy of Walton”. Basically
internship is a part of MBA program which is designed to reduce the gap between the
theoretical knowledge and practical knowledge. I am very glad for getting this
opportunity to accomplish my practical orientation at WALTON Hi-Tech Industries
Limited a sister concern of R.B. Group, Head office: Jibon Bima Bhaban, (Level-
3),10,Dilkusha C/A, Dhaka-1000; From September 14,2011 to December 14,2011.

1.2 OBJECTIVE OF THE REPORT

The specific objective of the study is as follows

1. To understand the marketing function of the company.

2. To find out the efficiency and effectiveness of existing Marketing system.


3. To analyze the competitive market share of different products of Walton‟s.

4. To identify the marketing problems faced by Walton Hi-Tech Industries.

5. To evaluate the present performance of WALTON brand in comparison with other
   major competitors.




                                            8
1.3 METHODOLOGY


An information plan has been structured to collect the relevant data consistent with the
preparation of the report to conduct the study. For that reason Primary and secondary
data were reviewed thoroughly in an organized manner. This study is mainly on
secondary data collected from Head office, Showrooms, and Factory open market. Also
have a market survey on questionnaire basis on customers, showroom managers and
corporate level as a primary source of data. Newspapers and other printed materials
were also used for collecting relevant data.




 1.4 LIMITATIONS OF THE STUDY

Several limitations remain regarding the coverage and comparability of data.


   1.   Data collection procedure was not so easy within limited time.
   2.   All users were not co-operating with me.
   3.   In case of data collection from competitors, every place was not accessible.
   4.   In certain critical areas, reliable data are extremely scarce.
   5.   All showroom managers were not co-operative in providing data.
   6.   Some data collected from one source contradicted with other data and actual data
        findings raised confusion.

   As a result, actual situation was difficult to assess.




                                              9
CHAPTER-2 (ABOUT WALTON)


   2.1 HISTORICAL BACKGROUND OF “WALTON”

Walton HIL (Walton Hi-Tech Industries Ltd.) is the pioneer of refrigerator, freezer, and
motorcycle manufacturing technology in Bangladesh. It is also the manufacturing of
Energy saving Lamp. R.B. Group (Mother Company) is the country‟s top business
Group in electrical and electronics, Motorcycle, Electricity generating equipments and
other household electrical & electronics goods using the brand name WALTON with
some other sectors like Textiles, Dairy etc. The company has been running its business
with a great reputation since 1977. Establishment of Walton HIL to manufacture
Refrigerator & Freezer, Lamp and Motorcycle etc. In the country is a milestone in the
path of success and reputation of the brand WALTON.


   Walton HIL has introduced first advanced research and manufacture technologies
   and equipments for customized commercial and household Refrigerator and freezer,
   Motorcycle and Energy Saving Lamp etc, In Bangladesh. The company desires to
   provide the latest technology based products with innovative design, excellent
   quality and many different models & capacities. In this concern, management of
   Walton HIL ensures their commitments for quality at any cost. WALTON brand
   main products are different types of Television (CRT, LCD, Plasma etc), HD, DVD
   & DVD Player, Motorcycle, Refrigerator & Freezer, Microwave Oven, Steam Oven,
   Domestic and Industrial Generator, Washing Machine, Wrist- Watch, Manganese &
   Alkaline Battery, Energy saving Lamp, Power tiller, Air- conditioner and various
   types of necessary and useful home appliances.

   Walton HIL is furnished with strong Research & Developed (R&D) Division
   comprising of a team of dedicated skilled engineers & technical personnel. It is fully
   equipped industrial set up with annual production target of 0.9 million Refrigerator,
   0.138 million Motorcycles & 5 million Energy Saving Lamps. The Industry has its
   own Mold & Die making section where high precision molds are produced with the
   help of state of the art CNC, Wire-Cut, EDM Machines. Walton HIL always
   emphasizes on supreme priority in achieving customer satisfaction. The company
   always ensures product quality and renders the innovative latest technologies in its
   products. It has a complete experienced professional engineering team combined
   with both home and abroad to serve the valued customers.




                                           10
2.2 WALTON AT A GLANCE



Management Office               : WALTON Hi-Tech Industries Ltd.
                                  10, Dilkusha C/A, Jibon Bima Bhaban,
                                  (3rd Floor), Dhaka-1000,
                                  Bangladesh.
                                  E-mail: info@walton.com

Business Operation started in
Bangladesh                      : 1978

No. of Employees when Started   : Management-5 & Marketing-10

Present No. of Business         : 120

Present No. of employees        : about 2000

Product range                   : Air conditioner, Refrigerator, Deep
                                  Freezer, DVD player, Microwave oven
                                  Color Television, Washing machine,
                                  Motor cycle, Generators (Portable and
                                  Industrial)

Business Collaboration with      : WALTON
                                 Peoples Republic of Korea,
                                 Peoples Republic of China.

Business system                 : Cash and Hire purchase System




                                11
2.3 MISSION

  WALTON will become the acknowledged leader in electronic home appliance
  industry to provide quality products into reasonable price. Leadership will be
  achieved by establishing the industry standards of excellence for quality of
  service and by maintaining the broad loyalty relative to our service
  commitment.

  Achievement of Mission requires:

  1. Absolute dedication to understanding and fulfilling our customers need with
     the appropriate mix of service, reliability, product and price for each
     customer.
  2. A countrywide showroom and service network for customer providing with
     reputed brands, products with excellent useful characteristics with different
     aspects for customer.
  3. Allocation of resources consistent with the recognition that we are in
     number one position in countrywide business.
  4. An environment that rewards achievement, enthusiasm and team spirit and
     which offers each person in WALTON with superior opportunities for
     personal development and growth.
  5. A professional organization able to maintain initiative and local decision
     making while working together within a centrally managed network.

  The evaluation of our business in providing new products, new services,
  markets or products will be completely driven by our single-minded
  commitment to anticipating and meeting changing needs of customer.

  2.4 GOAL

  To provide best quality products for the valued customers by introducing latest
  technology driven products and expanding service network.




                                       12
2.5 OBJECTIVE

1. To create and continuous upgrading the loyalty of the clients and their
recommendation of our people through: quality products and good advice,
dependable service and delivery and efficient marketing effort.

2. To establish a strong and distinguished corporate portfolio and image by
retaining the tradition of the world‟s greatest product line up.

3. To continuous upgrading and monitoring and evaluating of total quality
management (TQM) approach to our all marketing and distribution system by
making dynamic, honest and industrious showroom and dealer personal, an
integrated part of the family.

4. To reach the pinnacle of the market in Brand Category combined with
customer segmentation and strength our position there.

5. Develop an integrated human resource policy and implement its consistent
use through the organizational training, authority commensurate with
responsibility and recognition for performance.

 6. To ensure that every number of the management team will be a person of
top capability.
 7. Introduce methods to plane for the provision of required caliber and
quantify if staff.
8. Assist the organization in becoming more customers aware and responsive
in changing needs of external marketing environment.

9. Define and encourage implement of an improved communications culture
throughout the organization.
10. Faster a leadership style throughout the organization which encourages
the respect for individuals, teamwork and close identification with customers.




                                    13
Long-range objective

The long-term objective is to gain leadership globally in the home appliance
industry.

Short term objective

Their short-range objective is profit maximization through customer
satisfaction by providing quality product and increase market share in
electronics market.


2.6 STRATEGIC INTENT

To be the global leader in the appliance industry.

Corporate strategic

To earn more than average profit by exceeding customer expectation.

Business strategy

Adding product features to different markets and thus gain substantial market
share.


Operational strategy

To promote corporate image, to established good production facilities and to
setup a good distribution channel.




                                      14
2.7 ORGANIZATIONAL STRUCTURE OF WALTON




                            Managing
                            Director

Admin   Account    Credit              Director                    Director
Dept.    Dept.     Dept.           Marketing                       technical

                                                       Inventory   Logistic    Service
                                  Show room
                                                       Dept.        Dept.      Dept.




Authority controls all over the company along with the supervision of three
directors (finance, Marketing and Technical). The segmented departments are
doing activities under the supervision of both head of department and the
authority. The summaries of department activities are discussed bellow:




                                                  15
Administration Department

 The major activities of administration department are as follows:

     Staff recruitment, staffing, staff management (transfer, promotion) and
      staff controlling.
     Administrative activities regulating, setting up workings of various
      subordinate dept. and monitoring employees.
     Some additional activities benefiting the company.
 Accounts Department

 This department basically does the following activities:

       Preparing monthly account‟s report
       Preparing and financing report
       LC import related banking activities
       Central accounting process.

Credit Department

The following activities are done be the department:
     Hire purchase activities.
     Monitoring and preparing credit functions of field officers
     Checking out and preparing arrear collection report of showroom
     managers
     Observing any type of discrepancy gap and performance evaluation of
     field officers.
     Supervising branch level data (Hire Agreement) through area managers.




                                      16
Marketing Department

This department does the following activities mainly:

      Market survey
      Sales promotional activities
      Advertisement
      Market research
      Competitor
      Additional activities like arrangement of foreign trip or incentive bonus for
      employees etc.

Audit Department

The department is doing the following activities:

         Data entry of (Accounts) both weekly and monthly report.
Data entry and recording file of cash and hire sales and collection
         From hire sales.

Inventory Department
The following activities are done by the department:

      Management of inventory.
      Recording total amount of purchase of products weekly and monthly.
      Preparing record of total sales unit of products weekly and monthly.

Logistic Department
   The activities of the department are no less significant which are as follows:
        Any type of product distribution.
        Product support and logistic support.
        Controlling and management of store.




                                        17
Service department
The department does the following things:


        Management of after sales service
        Product services done by expertise like service engineer & B.S.C
        engineer.
        Only own product servicing is done.
        After sale service is done at free of cost for one year

Showroom Activities

Showroom is the grass root level of WALTON Hi-Tech Industries Ltd and
serving the customers directly.

There are more than 1300 Showroom all over the country. Method of selling is in
both cash and hire sales. Various forms are used in selling which are as follows:

Forms used for Cash Sales

     F304 (Final Receipt General), LPR (Without VAT)
     F364(Cash received with VAT)

Forms used for Hire Sale

     Hirer Proposal Form
     Guarantor‟s Form
     Agreement Form (F315)
     Salesman‟s Certificate (F317)
     Hirer‟s Down payment Receipt(F365)
     Installment /Collection Receipt (F314




                                       18
2.8 MAJOR CONSIDERATIONS IN HIRE SALES

       Hirer‟s full name, parents name address, occupation no. of years involved in
        the job.
       Students or blow 18 years aged can‟t be a hirer.
       Two guarantor who are „not related‟ to Hirer and also have enough financial
        strength to compensate later if hirer defaults.
       Hirer will have to make four signatures in the agreement form and all
        signatures in the agreement form and all signatures should at the same
        language at the same manner.
       At first, Down Payment + 2 Installments will be taken including VAT if any.
       For police, BDR, Army ID no. is compulsory.
       Hirer can not hire more than one product at a time.
       Service charge of collecting installment will within 10kilo distance Tk.20 and
        for every next 1 kilo Tk.3.
       There should not be any amendment using fluid or mutilation of the
        agreement form.
       The hirer will pay installment within 7th day of each month. Otherwise will be
        fined @ TK. 25 form 8 to 20th of that month.


Other Issues related to Hire Sales
       Revert: If hirer fails to pay installment, then the product is taken return to the
         showroom back.
       Reverse: The reverted product returned to the previous hirer if he pays arrear
         or Sale to another person.
       Sale cancel: If any hirer surrenders the product who is not capable of paying
         installment, the sale is then cancelled. In this case, change of TK 1000 for use
         of each 1 month will be deducted from hire value and the rest amount will be
         refunded.
       Delinquent list: The installments due for collection in the current month.




                                           19
2.9 FORMS USED FOR REPORTING

             Weekly Cash Sale Report (F320): Cash receipt & Disbursement of
              Salary. Bulk Sales Commission & Incentive bonus are described here.
              The balance goes to remittance sheet.
             Weekly Hire Sale Report (F321): It includes collecting Bonus (if
              100% collection – 4% bonus otherwise not), Installment collection data
              from collection sheet (F322), Down Payment with without VAT. Stock
              of Hire agreement.
             Retirement Sheet (F312): Balance from F320 & F321, method of
              remittance transfer (DD, PO etc) in details to the Head Office.
             Monthly Reporting: Summary of Month‟s cash & hire sales and other
              relevant data.

   2.10 DISCOUNT METHOD

             If hirer makes full payments within two months, then he will get the
              product at cash price.
             If hirer makes full payment at 3rd month, he will have to pay cash price
              + a lump sum amount (of course the sum will be less than hire price).
             If hirer makes payment at 4th to 10th month, he will get discount at a
              chronological down percentage manner.


2.11 PRODUCT FACILITIES

Product Name                        Guaranty / Warranty
Refrigerator                        Six months Guaranty, Five Years Warranty
Motor Cycle                         Two Years Warranty
Voltage Stabilizer                  Two Yeas Guaranty
Generator                           Engine 2 Years Warranty
DVD                                 One Year Warranty
Micro Wave Oven                     One Year Warranty
TV                                  Picture tube 2 Years Warranty, Sales service 5
                                    Years Warranty.
LCD                                 One Year Warranty




                                         20
2.12 DESCRIPTION OF THE TASKS PERFORMED BY EACH DIVISION

        a) Home appliance market is the world‟s largest consumer goods market
           and WALTON Hi-Tech Industries Ltd. is one of the major
           organizations in home appliance in Bangladesh most of the companies
           are moving globally to sound growth rate. WATON is not exception
           from this criterion. The brand WALTON one of the major international
           brands possessed by WALTON Hi-Tech Industries Ltd. is assisting to
           get moving globally.

        b) The basic intent of the report is to present the performance WALTON
           Refrigerators and Freezers of WALTON Hi-Tech Industries Ltd. and to
           enhance the value of brand and product in a very complex competitive
           environment. The report discusses the competitive market analysis of
           WALTON Refrigerators and freezers. Consumer perception of a
           number of brand alternative, nature of Distribution channel and their
           activities, advertising and promotional activities, market share and
           growth. The outcomes of the analysis are shown in brief.
        c) Rivalry is likely to increase its WALTON‟S strategic move to global
           market has been successful.
        d) The life cycle stages of the products of WALTON are mostly in nature
           stage.
        e) All the big companies in the market are acquiring small companies and
           as the product range is quite large they enjoy Economics of scale.
        f) Customers are very brand loyal.
        g) Some rivals have good distribution channels.
        h) As buyers preferences are changing it is inducing the industry to
           change.
        i) An intense competition is going on the market of home appliance
           between the brand and non-brand product.
        j) The increasing demand for non-brand product is due to lower price
           rather than other
        k) Customers are not very well-known about WALTON product like
           Konka.




                                    21
l) Advertisement, another key issue of sales growth through which
                  Konka. Nova and some other non-brand are doing very well in sales.
               m) Konka and Walton are most demanding in the gray market because of
                  lower price, nice getup and for guarantor period.
               n) The demand of Microwave oven is increasing day by day which is a
                  positive sign for WALTON
               o) Rice is the first choice of the customer for purchasing Microwave oven
                  in the gray market but brand loyalty and quality are not ignorable.




2.13 MARKETING STRATEGY AND MARKETING MIX

Marketing Mix

This is a traditional approach to marketing planning which is based on the four Ps:

Product policy:
Product is, in fact, the range of the products
(Goods or services) that the organization offers to the marketplace. Decisions have to be
made about quantities, timing, product variations, associated services, style and even
the packaging and branding.
Price policy
Price is a vitally important decision area because although it is a promotional tool in
many respects, it is the main source of income to the organization. If prices are lowered
for promotional purpose, the case flow within the company, and its long term
profitability, could be seriously affected. As with products, there is normally a range o
prices. These can very according to the quantities bought, the importance of-the
customer,       and      the    market      segment.     Pricing   can    be    long-term
and short-term. Pricing can involve discounts, special offers, allowances, credit, and
„trade-ins‟. It is vitally important to get price decisions right.




Place policy
                                            22
A business when planning its marketing will ask a number of questions relating to place
i.e. „through which outlets should we sell the product? How do we physically move the
product to these chosen outlets? How far afield do we wish to operate (locally,
nationally, or internationally)? Place, or distribution policy, is a massive, complex
decision area. The Marketing mix gives a plan by which to operate to influence and
satisfy the buyer/customers. The four Ps approach is not perfect, and is certainly not
intended to cover all the marketing activities, e.g. marketing research, research, of
course, the provider of information for the decision in all of the 4p area.


2.14 WALTON MARKETING MIX

Marketing Mix
     Product Mix       Distribution Mix         Communication        Incentive Mix
        product              Physical         Mix                         Money
          line Range           Distribution           Advertising           off(discount)
Design Concept                Supplier               Sales                Competitors
                              Stock                   Catalogue            Sales
                              Handling               Field Sales            promotion
                              Storage                 forces
                              Transportation         public
                              Warehousing             Relation
                             Distribution           Direct
       Color                  channel                 Marketing
        Appeal                Direct                 Telephone
       Style                  Distribution            sales
        Intention             Trading Block           force(Brand
       Package
                                                       Image )
        proposal
       Brand                                         Merchandisi
        Name                                           ng
       price
        Structure
       Service
        Function
       Warranty
        Offer




2.15 BUILDING A STRONG BRAND (WALTON)
                                           23
1. Ensure identification of the brand with customers and an
   association of the brand in customer‟s minds with a specific
   product class or customers need.

2. Firmly established the totality of brand meaning in the mind of
   customers by strategically liking a host of tangible and
   intangible brand association with certain properties

3. Elicit the proper customer responses to this brand identification
   and brand meaning.

4. Convert brand response to create an intense, active loyalty
   relationship between customers and the brand (WALTON).




                               24
CHAPTER-3 (MARKETING ACTIVITY ANALYSIS)


3.1 PRODUCT ANALYSIS

A product may be anything that can be offered to a market for attention, acquisition,
use, or consumption that might satisfy a want or need. It includes physical objects,
services, persons, places, organizations, and ideas.

Product Classifications

Marketers divide products and services into two broad classes based on the types of
consumers that use them-consumer products and industrial products.

         a. Consumer Products
         Marketer products are those that the customer usually buys frequently,
         immediately, and with a minimum of comparison and buying effort. These
         products differ in the ways consumers buy them and how they are marketed.

         b. Industrial Product
         Products are those bought by individual and organizations for further
         processing of for use in conducting a business.

According the previous definitions, Refrigerator and Freezers should be categorized as
a consumer product. As a shopping product, they are less frequently purchased
consumer products that customers compare carefully on suitability, quality, price, and
style. They spend much time and effort in gathering information and making
comparison. They buyers see homogeneous shopping products, such as major
appliances, as similar in quality but different enough on price to justify shopping
comparisons.




PRODUCT (Freezer & Refrigerator) CATEGORIES:
                                         25
WALTON & MARCEL

Freezer and Refrigerators categories            Liters
FC-1D5 (Deep)
Fc-2T5 (Deep)
D-1FO                                           160Lt
W2D-1H5                                         185
D-1H5                                           185
W2D-A90                                         190
WD-19A                                          191
W2D-2X1                                         201
W-125C                                          201
W3D-2AO                                         210
WFF-2A3                                         213
W2D-2BO                                         220
W3D-BDO                                         240
W2D-2D4                                         244
W2D-2GC                                         273

Freezer and Refrigerators categories            Liters
M2D-B7C                                         273
M2D-2DD                                         244
M3D-B40                                         240
M2D-B20                                         220
M2A3-FF                                         213
M3D-B10                                         210
M-125C                                          201
M2-A91                                          191
M2D-19X                                         190
Stanfam                                         185
Smartfam                                        160
MD-20E(D)                                       205
Fresh cool                                      145
Singtwo                                         170




                                       26
3.2 CONSUMER ANALYSIS

Consumers express themselves and communicate with each other through the
consumption of goods and services. Understanding how marketing manages its
customers represents one half of the analysis. The other half needs to focus on the aims
of marketing in respect of its customers. Overriding the commercial aims (for example,
increased usages, and profit and market share) is that of what marketers are marketing
and consumers are consuming. The company that really understands how consumers
will respond to different product features, prices, and advertising appeals has a great
advantage over its competitors. Consumer purchases are influenced strongly by cultural,
social, personal and psychological characteristics. The marketer needs to know what
people are involved in thy buying decision and what role each person plays. People
might play any of several roles (initiator, influencer, decider, buy, decider, buyer, and
user) in a buying decision.
Knowing the main buying participants and the roles they play helps the marketer fine-
tune the marketing program.
The customer analysis for the WALTON‟s products has been done through a marketer
survey. And on the basis of that survey customer analysis has been made.

Survey Type: Consumer Survey

Sample size: 120

Income Group: Within TK.20000- Tk.40000 and above.

Occupation: Service holder and Business personality.

Social Class: Lower-middle and upper middle.

Survey Area: Different Location of Dhaka City.

Date of Survey: 11November, 2012 to 10February, 2013.




                                           27
In this case we have gone to the Walton showrooms (Basundhara City, Mohammadpur,
and Stadium market, Mirpur, Moghbazar, Shewrapara, Rokya Sarani, and Mirpur) for
collecting information of consumers. We have collection information from 120
consumers. We have tried our best to cover all levels of customers.

Table: Opinion about WALTON Refrigerators and Freezers and features.

Opinion    Good                   Very Good Excellent   No Idea     Bad
Percentage 25%                    28%       38%         7%          3%



                                     Opinion

                           3%
     Percentage




                                                            Bad
                             7%
                  1                                38%      No Idea
                                            28%             Excellent
                                          25%               Very Good
                                                            Good
                      0%           20%            40%




Table: Competition about Walton and Others Brand
                                           28
Walton         Lg          Sony                Sharp   Samsung    Others
  27%          25%          22%                  17%      12%       4%




                          Brand Name

  30%
                                                         Walton
  25%
                                                         Lg
  20%
                                                         Sony
  15%
                                                         Sharp
  10%
                                                         Samsung
   5%
                                                         Others
   0%
                               p
              Lg




                                      ng


                                                 s
                     ny
         n




                            ar




                                              er
       to




                   So




                                   su
                          Sh
     al




                                            th
                                m
    W




                                           O
                              Sa




Table: 3.1 Present brand users of Microwave of different brand.


                                           29
Brand        Sharp       Samsung       LG           Walton       Miacko
%            15          5             21           27           32




Opinion about present china brand user of Refrigerators and Freezers of
different brands:

Brand      Butterfly Sharp       Walton     Nova       Konka      Others
%          19.50     12.37       25.63      15.75      16.35      10.40



                                                             Butterfly
                                                             Sharp
                                                             Walton
                                                             Nova
                                                             Konka
                                                             Others




Specific reason for choosing products of WALTON brands:
                                     30
Reason         Price     Brand image      Features    Warranty        Getup
Percentage       32           27             17          18              6




                                                          Price
                                                          Brand image
                                                          Features
                                                          Warranty
                                                          Getup




                        Reason for choosing Brand



Opinion about the “Brand Image” position:

Brand name               Percentage                   Position
LG                       24                           1st
Walton                   21                           2nd
Sharp                    18                           3rd
Sony                     15                           4th
TCL                      14                           5th
Samsung                  13                           6th
Toshiba                  12                           7th
Konka                    6                            8th
Others                   4                            9th




Opinion about low price offer high quality
Opinion           Agree                Not sore             Strongly
                                      31
Disagree
Percentage               15%                        38%                   47%



     Strongly
     Disagree

     Not sure


           Agree

                   0%          10%          20%           30%         40%           50%

Opinion about WALTON Refrigetors and Freezers price present. Size 27,28,30(Liter)
Price: 22700-24500-23900-26500

Opinion About price    Reasonable      Affordable         High          Unreasonable
    Percentage             34              25              36                5


                                Opinion About Price




                                                                          Reasonable
                                                                          Affordable
                                                                          High
                                                                          Unreachable




      0%           10%           20%          30%           40%




3.3 PROMOTION ACTIVITY AND ADVERTSEMENT
                                               32
Advertising is an evolving business function. It was traditionally used to announce the
availability of products in customer, brand building, positioning conveying the USP
(Unique Selling Proposition) and so on. In recent years, advertising has undergone a
number of significant changes in both strategy and exception. Most of the consumer
product companies have come to the stage where they can‟t do business without
advertising. It used to be said be that advertising was the smartest form of
communicating without telling the truth. With the cost of media skyrocketing, and the
attention span of the customers shrinking with ad clutter, We cannot blame the
advertises for not giving the entire truth. Advertising is a communication tool In order
to be successful. Once we develop goals and objectives in keeping with the
communication core of adverting. Once we have clearly defined the communication
goals, we must then adders the role of advertising within the overall marketing strategy
of the firm.

The advertising campaign
The campaign may be carried out an advertising agency for a large organization. The
important starting point is to have clear objectives as to what is to be achieved. The
stages in the advertising campaign set out are in a recommended order.

Identify right timing
Timing of the advertising is crucial. Too before the event, and the customers forget; too
late and they have bought something else. Seasonal markets need careful timing. A
media expenditure plan should be drawn, detailing at what stage of the campaign the
money should be spent, and on which media need to be informed first so that stocks
will be in the shops when consumer get to hear about it.

Promotion to the consumer: Advertising Media
Promotional communication methods consist of advertising sponsorship, branding.
Packaging, public relations. Sales promotion and merchandising. They must not offer
conflicting messages. Advertising media must be chosen for its ability to reach the right
market segments. Perhaps the most significant role that advertising plays is its
advertising is its contribution to the creation of brand preference. If the necessary
ingredient for advertising is a brand name, then the key to continued successful
advertising is a good product. It goes without saying that no amount of advertising will
persuade consumers to repeatedly buy a bad product. The key to successful advertising
is to view a product as a bundle of consumer benefits rather than as a physical
commodity. Advertising must communicate messages that address major benefits of a
product and communicate realistic benefits of consumers. Examples of primary product
consideration in establishing advertising goals are:




                                           33
1) Brand position within a product category: products priced at the high end of a
      category will require different advertising strategies just as advertising for new
      products will differ from their established competitors.
   2) Product purchase cycle: Obviously package goods bought on a biweekly cycle
      such as groceries will use different advertising approaches than durable goods,
      such as appliances, which are purchased every 5 to 10 years.
   3) Product awareness and market position: Product with high market saturation
      has a much different marketing strategy than others, and it is reflected in both its
      advertising budget and its creative approach.
   4) Product seasonality: For seasonality, Product is marketed differently.

   5) Short term advertising strategy: Is a particular campaign designed to gain
      initial consumer trial, encourage higher purchase levels from current customers,
      or based on the following.


Identity the right media

The choice of media is large and rapidly expanding as more TV channels and the new
technology of the Internet add to the choice. Selection is therefore critical and must be
based in the following:

    1)   Is the cover to be local, regional or national?
    2)   Does the overall cost rule out any medium?
    3)   How many people are reached and at what cost per person?]
    4)   Which social group does the medium reach?
    5)   How often the message is put over- hourly, daily, weekly etc?
    6)   Can the message be detailed / how long a life will it have?
    7)   What are the image / status / prestige of the medium?
    8)   How important are sound, movement, color, size?
    9)   Will the results be measurable e.g. replies to one advertisement?

These are the key question to be asked when selecting suitable media the lists in the
boxes in the diagram have been drawn up in categories in order to answer this question.




3.4 ADVERTISING PATTERN OF WALTON HI-TEC INDUSTRIES LTD.
                                            34
WALTON‟s advertising pattern is the following:
    Electronic Media (Television)
    Newspaper
    Billboard
    Purchase of point

Electronic Media: WALTON uses B.T.V., channel I, A.T.N Bangla, NTV and
other Bangladeshi channels for their advertising purpose. Also maintaining a
special program in Bangla Vision.
Newspaper: Two Major News paper, Ittefaq and prothom-Alo are used for their
advertising purpose.


3.5 THE OBJECTIVE OF ADVERTISING OF WALTON MARKETING IS
GIVEN BELOW:

     1. To establish an immediate sale.
     2. To bring prospect to closer to a sale.
     3. To bring a long term franchise.
     4. To bring consumption among users.
     5. To initiate first move towards a sale.
     6. To give sales force a supporting service.
     7. To gain market support.
     8. To deeper penetration.
     9. To open distribution.
     10. To develop image.
     11. To import information.
     12. To enter new market.
     13. To create awareness.
     14. To support retail trade.
     15. To promote incentive marketing.
     16. To counter price competition.
     17. To overcome memory laps.
     18. To defend present position.
     19. To reinforce reputation monopoly.
     20. To establish market lead.




                                        35
3.6 ADVERTISING AGANCY OF WALTON HI-TECH INDUSTRIES
LTD.
WALTON Hi-tech Industries Ltd. does their advertising activities through the
Nishu advertising agency for specially T.V. media.



3.7 SALES PROMOTION
The techniques of sales promotion are so diverse and widely used that they are
part of the promotional programs of virtually every company. Sales promotion is
directed to a number different target markets and comes in an array of formats.

Despite its many forms, all sales promotion techniques have in common the goal
of creating short term sales. The most frequently used forms of sales promotion
are the following


  1. Point-of- purchase advertising
  2. Premiums
  3. Specially advertising
  4. Coupons
  5. Sampling
  6. Deals
  7. Event marketing
  8. Sweepstakes and contests
  9. Cooperative advertising
  10. Directories and Yellow pages
  11. Trade incentives




                                      36
3.8 Walton’s SALES PROMOTIONAL OBJECTIVES.
Sales promotional objectives of WALTON
Consumer promotion                       Trade and industrial promotion
  1. Matching comp                       1. Extending distribution network.
  2. Increasing amount of purchase.      2. Meeting competitive activity.
  3. Combating own corporate             3. Stimulating showroom/ outlet‟s
     purchase and image                  cooperation
  4. Including immediate purchase.       4. Overcoming seasonal fluctuation
  5. Providing distribution sales        5. Introducing new product
     push
                                         6. Opening new accounts.
  6. Stimulating demand push
                                         7. Increasing average value of order
  7. Retained established customers.
                                         8. Promoting showroom target
  8. Reaching specific markets.
                                         9.Enlisting support from publicity
  9. Extending effective distribution.
                                         10.Encouraging advance stock
  10. Overcoming seasonal patterns.      holding
  11. Developing brand awareness.        11. Gaining merchandising support
  12. Controlling selling effort         12. Purchase supporting products
  13. Acquiring marketing                13. Educating for trade
    Intelligence.                        14. Reclaiming lost or dormant
                                         business.
 14. Including consumption of range.
                                         15. Securing media news coverage.
 15.Evaluting Media effectiveness




                                         37
Channels distribution of WAL TON Products
“Any sequence of institutions from the producer to the consumer including one or
any number of middle men is called channel of distribution”-Mc Carthy.
Producers normally use a number of marketing intermediates for taking their
products to users. Marketing intermediaries bear a variety of names such as: sole
selling agents, stockiest, Wholesalers, franchised dealers retailers, authorized
representatives, brokers/ commission agents and jobbers. All such intermediaries
constitute the distribution channel. The depots/ showrooms and other direct
outlets of producers also from part of distribution channel.

Manufacture               Channel’s Distribution Consumers
Role and Important of distribution channels
Distribution channels play a pivoted role in the successful marketing of most
products especially consumer products.
Channel perform a wide variety of functions
The important of distribution channels can be understood clearly by analyzing the
wide variety of function perform by them.
      Channels provide distribution efficiency to manufactures.
      Channels supply products in required assortments.
      Channels provide salesmanship.
      Channels help merchandise the products.
      Channels look after physical distribution and financing functions.
      Channels decisions have a vital bearing on decision on other areas of
       marketing.
      Channels act as change agents and generate demand.
      Channel levels.
      Channel members.
      Channel length.




                                       38
WALTON‟s Channel of distribution
Company must decide on the best way to store, handle, and move their products
so that they are available to customers in the right assortments, at the time, and in
the right place. Logistic effectiveness will have a major impact on both customer
satisfaction and company costs. a poor distribution system can destroy an
otherwise good marketing effort. Butterfly Marketing Ltd. is maintaining the
following distribution channel under the direct supervision of logistic department
through authority to maintain the product property and to teach the final
consumers.


Supply chain



                              Import


                            Warehouse

                             Logistics
                              Dept.

                               Marketing
                                Dept.

                                    Outlet

                                         Ultimate
                                         Customer

                                            Service
                                            center




                                              39
Physical Distribution:
Physical distribution looks after physical handling of goods, and assures
maximum customer service. It airs at offering delivery of right goods at the right
time and places to customers. Physical distribution activities cover.
 Order processing
 handling of goods
 Packaging
 Warehousing
 transportation
 Inventory and
 Customer service
All middle men in distribution perform these functions and they assure putting the
product with in an arms length of customer desire and demand.

Opinion about showrooms decoration positive impact:

Brand         Sharp         Samsung       LG            Walton        Sony
%             20            26            20            24            10


                              Brand

   30%
                                                        Sharp
   20%                                                  Samsung
   10%                                                  LG
                                                        Walton
     0%
                                                        Sony
                              1




                                        40
3.9 PRICE ANALYSIS
The price prevailing in the market at any given time and determined by the forces
of demand and supply is the market price. Market price is important because price
changes send signals to producers which tells them whether they should produce
more or less of their good or service. If the price of a product is raising this is a
sign that producers need to supply more.
Producers will respond to this signal because, in general, higher rives lead to
higher rewards for producers (profit) and so they have an incentive to work harder
and increase production. Filling prices, on the other hand, hand generally lead to
falling profits and this is the way that the market signals to producers that they
should produce less.
The influence of price on demand: The price of a good or service is obviously
one of the main factors that influence how much we buy of it. The factors that
cause the level of demand to change are explained below. The general rule is:


 An increase in demand leads to arise in price.
 A decrease in demand leads to a fall in price
Change in income: Most people gain an income from working in the form of
wages and salaries. However, people can gain an income from a number of other
sources. They might be from employment, savings, retirement pension, state
benefits, property ownership, share ownership or business. It is clear that the level
of people‟s income the greater the level of demand. It also follows from this that
higher the level of demand the higher the market price. Obviously this logic can
also be applied the other way around- lower incomes lead to lower demand and
lower price.
The price and availability of credit: The price of some goods and service that
people wish to buy can often be so high that they find it difficult to afford them
out of one month‟s income.




                                         41
The influence of price on supply: The price of a good or service is obviously
one of the main factors that influence how much we buy of it. The general rule is
that;
 The higher the price of good or service the more businesses will want to
  produce
 The lower the price of a good or service the less business will want to produce


The factors that cause the level of supply to change and hence the market price of
goods and services to alter, are explained bellow.
 An increase in supply leads to a fail in price
 A decrease in supply leads to a rise in price


Changes in the cost of production: A rise in business costs will often lead to a
fall in profit levels and so firms will lose some of their incentive to produce. It the
majority of firms in the industry are affected in the same way then there will be a
fall in supply. Similarly a fall in business costs tends to increase profit levels and
they have an incentive to produce more. If most firms in the industry respond in
the same way then there will be an increase in supply.


Factors to consider when setting prices
Before setting price, the company must decide on its strategy for the product. If
the company has selected its target market and position carefully, then its
marketing-mix strategy, including price, will be fairly straightforward. At the
same time, the company may seek additional objectives. The clearer a firm is
about its objectives, the easier it is to set price. Price is only one of the marketing-
mix tools that a company uses to achieve it marketing objectives.




                                          42
Price decisions must be coordination with product design, distribution, and
promotion decisions to from a consistent and effective marketing program.
Pricing for WALTON products:
In case of the product Refrigerators and Freezers, WALTON Hi-tech Industries
Ltd. has adopted the following price on the basis of following formula.


Selling price = Landed cost (LC) + Administrative cost + Transportation cost +
Warehousing cost + VAT + Profit margin.
         Price comparison of different brand for 226 Liter refrigerator :
LG             Sharp           Konka            Walton          Sony
29000          33500           25000            26500           28500




                        Price Difference

     40000
                                                                Walton
     30000
                                                                Sharp
     20000
                                                                LG
     10000
                                                                Konka
          0
                                                                Sony
                                   1




                                       43
3.10 MARKET ANALYSIS OF THE INDUSTRY
To ensure that our analysis is consistent, it is very important to define the
„industry‟ we are dealing with. An „industry‟ is defined as a group of
organizations or business units producing close substitutes. For the convenience
of our analysis the industry can be defined in both wide and narrow.


Major participants of Industry:
The companies who are performing well and have maximum market share of the
industry are as follows.
Global brand:
   1. WALTON
   2. Sharp
   3. Whirlpool
   4. LG
Non brand
   1. Ariston
   2. Kelvinator
   3. Super ariston
   4. Konka
   5. Nova




                                        44
Table: Market Share Analysis of Industry for global brand: (Sales value)
For the year 2012


Company Name                              Market Share %
LG                                            30.75
Walton                                        25.75
Sharp                                         24.25
Sony                                          12.15
Others                                        7.10




                       Market Share

   40
   30                                                    LG
   20                                                    Walton
   10                                                    Sharp
    0
                                                         Sony
                             1
                                                         Others
                      Percentage




                                     45
Chapter-4 (Findings and Recommendation)


4.1 SWOT ANALYSIS OF WALTON REFRIGERATORS AND
FREEZERS
  Strength
     Efficient management
     Good distribution channel
     Long experience in this industry and good learning curve.
     Reputation as a global company environment friendly products
     Wide distribution capability
     Brand loyal customers
     Brand image of WALTON
     Easy access to capital investments
     Economies of scale due to standardized product
     Structured geographic network
     Two sales category higher purchases system or cash
 Weakness
     Weak marketing strategy.
     Lack of strong marketing network rather than competitors.
     Lower frequency in Advertisement in electronic media.
     Lack of proper decoration of showrooms.
     So high price than china base product. (Refrigerators and Freezers).




                                      46
Opportunity
      WALTON has very positive corporate image
      Proper utilization of hire sales system can flourish the sales growth
      New products developing thought.
      Small and local competitors are decreasing
      Changes in people‟s life style, enhancement of purchasing power and
       changes in social values.


Threats
      A shift in buyer needs and tastes away from the industry‟s product
      Adverse demographic changes
      As opportunities are increasing some Korean companies may enter the
       market as they already have similar products microwave oven.
       (Superaristion)
      The frequency of advertisement is increasing by the competitors rather
       than WALTON
      Day by day inter new product in Bangladesh which price is so low.
       (china product)




                                       47
4.2 RECOMMENDATION



   I recommend the following steps:
   1) Price can be reduced to attract the customers mostly.
   2) More advertising campaign should be taken to attract the customers.
   3) Number of showrooms should be increased.
   4) Credit facilities could give to the dealer in some cases.
    5) Set up a control R & D department to make R & D activities more cost
effective & fruitful.
   7) Should have in house advertising agency.
   8) After sales services facilities should be prompt &with care.
   9) Strengthen channel of distribution.
  10) Can diversify in other domestic products to gain economics of scale.
  11) Becoming more aggressive to cover wide area.
  12) Setting up a strong image.
  13) Can improve promotional activities. (Consumer promotion, trade
promotion)




                                         48
Implementation plan
Managers at all levels are involved in implementing a strategy. Of course top
level managers should take the initiatives to carry out the help of middle level and
lower level managers. Then the whole task should be divided into several parts.
Procurement manager is needed to play a major role here. He should have the
capability to negotiate with the supplier in order to lower the input price. They
can also setup a central R& D department to make R & D activities more cost
effective and fruitful. The R & D team has also something to do in
implementation. The manager in charge of R & D should persuade his
subordinates to come up with innovative ideas and give operational efficiency to
lower the price. The manager of marketing department will be responsible in
implementing the plan. He should explore creative ideas to attract the customers.
The advertising and promotional activities should be exceptional to influence the
consumers to buy WALTON products.


Contingency plan
There is always uncertainty in this world. The strategies taken to accelerate a
company‟s growth may go in vain. Therefore the company should have some
backup strategy. Since the average income of Asian consumers is low, many
people may be reluctant to buy WALTON‟s products. For this, WALTON can
introduce an economic version of its product line, which will be affordable for the
low-income consumers. Not only for Asia, can it produce this economic version
for any low income-earning people all over the world
International market is unforeseeable; the government may not act in accordance
with the terms and conditions. In this case they can seek  cooperation from the
govt. to put pressure on the host government so that they comply with the
international norms, rules and regulations. Local people who have strong
influence on the govt. should be convinced by parent company so they act in
favor of them. All these strategies may not produce the desired result, so
insurance should always be there to cover up this loss before entering any new
country.




                                        49
CONCLUSION
 From the study of “Marketing Strategy of WALTON”, it can be concluded that
 strategy followed by WALTON Company Ltd. is comparatively good. Since
 consumer demands change instantly, the company should take the advice
 strategies and policies to grab the market. In this regard integrated marketing
 can be helpful. Rivalry is likely to increase; its WALTON‟S strategic move to
 global market has been successful. The life cycle stages of the products of
 WALTON are mostly in mature stage. All the big companies in the market are
 acquiring small companies and as the product range-is-quite large they enjoy
 Economies of Scale. Customers are very brand loyal some rivals have good
 distribution channels. As buyer‟s preferences are changing it is inducing the
 industry to change. An intense competition is going on in the market of home
 appliance between the brand and non-brand product. The increasing demand
 for non-brand product is due to lower price rather than others.
 Customers are not very well-known about WALTON product like due to the
 drawback of advertisement. Advertisement is one of the key issues of sales
 growth through which konka. Nova and some other non-brand are doing very
 well in sales. Konka and WALTON are most demanding in the gray market
 because of lower price, nice getup and for guarantor period. The demand for
 WALTON‟s products is increasing day by day which is a positive sign for
 WALTON. Price is the first choice of the customer for purchasing products in
 the gray market but brand loyalty and quality are not ignorable.




References
                                      50
1. Philip Kotler, Marketing Management (11th edition), New Delhi:
   Prentice Hall, 2003, 706pp.
2. Philip Kotler & Gary Armstrong, Principles of marketing (10 th
   edition) New Delhi: Prentice-Hall, 2003, 734pp
3. Belch, George E. & Michel A. Belch, Advertising & Promotion (5th
   edition) New Delhi: Mc Graw-Hill, 2003, 795pp.
4. Station, W.J. Fundamentals of Marketing, New Delhi: Mc Graw-Hill,
   1992, 723pp.


5. Mc Carthy, E.J. & W.D. perreault, „Essentials of Marketing‟, New-
Jersey: Irwin, 1990, 668pp.
6. Integrated Advertising, Promotion, and Marketing communications
(Kenneth e. clow Donald Baack).
7. Naresh K. Malhotra, Marketing Research an Applied Orientation (5th
edition) New Delhi: Prentice Hall, 2009, 809pp.




                   APPENDIX_1

                             51
The purpose and content of a marketing plan:
Unlink a business plan, which offers broad overview of the entire
organization mission,
Objective, strategy and resource allocation, a marketing plan has a more
limited scope.
Product Review:
The product review should summarize the main features for all of the
company s products . The information may be organized by product line,
type of customer , by market or by order of product information.

Competitive Review:
The purpose of a competitive review is to identify key competitors, their
market positions and briefly discuss their strategies.
Opportunities:
Opportunities are external elements that the company may be able to its
advantage.
Marketing research:
       Management should explain in this section how marketing research
       will be used to support development, implementation and evaluation
       of strategies and action programs




                          APPENDIX-2

Total market demand:

                                   52
The total volume that would be bought by a defined consumer group in a
defined geographic area in a defined time period in a defined marketing
environment under a defined level and mix of industry marketing effort.
Market potential:
The upper limit of market demand.
Net profit percentage:
The percentage of each sales dollar going to profit calculated by dividing net
profits by sales.
                          netprofit
Net profit percentage =   netsales

Net marketing contribution:
A measure of marketing profitability that income only components of
profitability controlled by marketing.
Marketing return on sales:
The percent of net sales attributable to the net marketing contribution
calculated by dividing net marketing contribution by net sales.




                             APPENDIX-3

                                      53
Marketing field is booming with nearly a third of all Bangladesh now
employed in marketing related positions. Marketing salaries may very by
company, position, and region, and salary figures change constantly. In
addition, because of the consumer and product knowledge .I will gain in
these jobs, marketing position provide excellent training for the highest
levels in an organization?


Resume Tips:
Resume is very important for any jobs. So, we should know the resume.
1. Communicate our worth to potential employers in a concrete manner,
citing exam- whenever possible.
2. Be concise and direct.
3. Use active verbs to show I am a doer.
4. Keep our resume compact. Usually one page.
5. Format the text to be attractive, profession and readable.
Marketing jobs:
This section describes some of the key marketing positions.
Retailing, marketing research, new product planning, marketing logistics,
public relations.




                   TO WHOM IT MAY CONCERN

                                       54
This is to certify that,

                                  Saiful Islam

                                      Of
                               PrimeUniversity,
                                MBA Program,
                             ID No: 121020102032



      Has successfully completed the Internship in our Marketing Department
               From November – 10, 2012 to February – 10, 2013
                         At R.B. Group of companies Ltd.
                   Head Office: 10, Dilkusha C/A, Dhaka-1000



                        Wishing every success in his life.



_________________                                ________________
Subrata Kumar Nandi                              Shamim-Al-Mamun
Deputy Director                                  Assistant Director
HRM Division                                     Marketing Department

                                                           Head Office: Jibon bima Bhaban(Level-3)
                                                               10, Dilkusha C/A,Dhaka-1000
                                                          Tel: +88-0285718345, 9554045, 7171873
                                                         E-mail: info@waltonbd.com www.Waltonbd.com
                                                                     www.rbgroupbd.com/ info@rbgroupbd.com




             PROJECT PAPER
                     On
Overall Marketing Strategy of “WALTON”Ltd.

                                        55
Presented By:
             Saiful Islam




     Prime University
Mirpur-1, Dhaka-1216, Phone: 8014045, 8051782




                     56

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Walton clasic

  • 1. PROJECT REPORT On Marketing Strategy of “WALTON” Ltd. Prepared for: Md. Nazrul Islam Sr. Lecturer Dept. of Business Administration Prime University Mirpur-1, Dhaka-1216. Submitted to: Saiful Islam ID No: 121020102032 Program: M.B.A (Major in Marketing ) Batch No: 29th (36cr.) Dept. of Business Administration Date of Submission: February15, 2013 Prime University Mirpur-1, Dhaka-1216 1
  • 2. Letter of Transmittal February15, 2013 To, Md. Nazrul Islam Sr. Lecturer Dept. of Business Administration Prime University Subject: Submission of Project Paper. Dear Sir, Here is my Project paper you have assigned me as a partial fulfillment of my MBA degree. It is an obligatory requirement of MBA student to be attached with an organization for three months is order to gain practical knowledge about marketing and other issue, which is referred to as the project study. A lot of information collected from Walton Company Ltd. And so I have prepared a project report on “Overall Marketing Strategy of WALTON” Ltd. In this Project paper, I have tried to give my best effort. Besides this there may be have short comings. There fore, I will be grateful if you kindly accept my report and oblige thereby. Thanking you. Yours truthfully, Saiful Islam ID No: 121020102032 Program: MBA (Major in Marketing ) Batch No: 29th (36 Cr.) Dept. of Business Administration, Prime University 2
  • 3. Student’s Declaration I, Saiful Islam, ID No: 121020102032, Batch: 29th, Program: MBA, Major in Marketing, Department of Business Administration, Prime University do hereby declare that the Project Report entitled “Marketing Strategy of Walton Ltd.” is an original work done by me for the partial fulfillment of the Master of Business Administration. I also affirm that it has not been submitted by me before for any other degree. ---------------------------------- Saiful Islam ID No: 121020102032 Program: M.B.A (Major in Marketing ) Batch No: 29th (36cr.) Dept. of Business Administration, Prime University 3
  • 4. Supervisor’s Certificate The Project paper entitled “Marketing Strategy of Walton Ltd.” prepared by Saiful Islam, a student of department of business administration, Prime University, ID No: 121020102032, Batch No: 29th, MBA program (Major in Marketing), under my supervision and guidance. I wish him every success in life. ------------------- - Md. Nazrul Islam Sr. Lecturer Dept. of Business Administration Prime University 4
  • 5. Acknowledgement Preparing such a project paper has been a thrilling and learning experience for an project like me. Project report is an important requirement for the completion of MBA Degree. This project helps to introduce an organization‟s culture and its environment. Apart from it also enrich our real life working experience. First of all I express gratefulness to almighty ALLAH for the successfully completion of my internship and preparation of this report, without whose will and help nothing would be possible in this world. I am indebted to all of them. It would be unthinkable to prepare such a report and present it in a lucid manner without the help of my supervisor Md.Mizanur Rahman. I would like to extend my gratitude to Md. Amdadul Hague Sarker, for his kind advice and suggestions. I was also greatly assisted by Shamim-Al- Mamun, Assistant Director (marketing) and Sumon Chandra Basak, Officer, Marketing of the company. I would like to give my heartiest thanks especially to Alamin Hossain, Marketing Executive, for providing me the valuable information for this report. At last I would like to convey my best regards to all the employers of R.B. Group and its sister concern WALTON Hi-tech‟s who helped me directly and indirectly during my internship period. 5
  • 6. Executive Summary The report on “WALTON: brand performance towards delivered customer satisfaction and loyalty, was based on the course materials that I have learnt in WALTON Hi-Teach Industries Limited a sister concern of R.B. Group I have gathered what I believed to be the most complete information from the text and reference books. Marketing department and management of WALTON Company have helped me extensively to prepare this report named “The overall Marketing Strategy of WALTON”. WALTON HIL (Walton Hi tech Industries Ltd.) is the pioneer of Refrigerator, Freezer, and Motorcycle manufacturing technology in Bangladesh. It is also the manufacturer of Energy Saving Lamp. R.B. Group (Mother Company) is the country‟s top business Group in electrical and electronics goods using the brand name WALTON with some other sector like Textiles, Dairy etc. The company has been running its business with a great reputation since 1977. Establishment of Walton HIL to manufacture Refrigerator and Freezer, Energy Saving Lamp and Motorcycle etc. In the country is a milestone in the path of success and reputation of the brand WALTON. Introduction of part-1deal with the introduction of the report. The main purpose was to give the idea about how the data of this was collected and how the report was prepared. I tried to collect all the needed information in limited time. Company presentation of part 2 has dealt the basic information of the company WALTON: The main purpose of this was to give the general information of the organization to understand the business activities. Part 3 and 4 deal with the report topic discussion about the marketing activities analysis. The main purpose is to emphasize on the brand performance of the organization to find out the loyalty and satisfaction of customers perceived value for WALTON product. I hope that the calculation and recommendation will get a clear picture about the business activities of WALTON. Conclusion of part 5 deals with the concluding statement of the report. 6
  • 7. Table of Contents Topics Page No. CHAPTER-1 1.1 BACK GROUND OF THE REPORT 08 1.2 OBJECTIVE OF THE REPORT 08 1.3 METHODOLOGY 09 1.4 LIMITATION OF THE STUDY 09 CHAPTER-2 (ABOUT WALTON) 2.1 HISTORICAL BACKGROUND OF WALTON 10 2.2 WALTON AT A GLANCE 11 2.3 MISSION 12 2.4 GOAL 13 2.5 OBJECTIVE 13 2.6 STRATEGIC INTENT 14 2.7 ORGANIZATIONAL STRUCTURE OF WALTON 15 2.8 MAJOR CONSIDERATION IN HIRE SALES 19 2.9 FORMS USED FOR REPORTING 20 2.10 DISCOUNT METHOD 20 2.11 PRODUCT FACILITIES 21 2.12 DESCRIPTION OF THE TASKS PERFORMED BY EACH DIVISION 21 2.13 MARKETING STRATEGY AND MARKETING MIX 22 2.14 WALTON MARKETING MIX 23 2.15 BUILDING A STRONG BRAND (WALTON ) 24 CHAPTER- 3 (MARKETING ACTIVITY ANALYSIS) 3.1 PRODUCT ANALYSIS 25 3.2 CONSUMER ANALYSIS 27 3.3 PROMOTION ACTIVITY AND ADVERTISEMENT 33 3.4 ADVERTISING PATTERN OF WALTON HI-TECH INDUSTRIES LTD. 35 3.5 THE OBJECTIVE OF ADVERTISING OF WALTON MARKETING 35 3.6 ADVERTISING AGENCY OF WALTON HI-TECH INDUSTRIES LTD. 36 3.7 SALES PROMOTION 36 3.8 WALTONS SALES PROMOTIONAL OBJECTIVES 37 3.9 PRICE ANALYSIS 41 3.10 MARKET ANALYSIS OF THE INDUSTRY 44 CHAPTER-4 (FINDINGS & RECOMMENDATION) 4.1 SWOT ANALYSIS OF WALTON REFRIGERATORS & FREEZERS 46 4.2 RECOMMENDATIONS 48 5 CONCLUSION 50 6 REFERENCES 51 7 APPENDIXES 52 7
  • 8. CHAPTER – 1 1.1BACKGROUND OF THE REPORT This is the report on internship program of MBA supervised by Md.Nazrul Islam Sr. Lecturer, Department of Business Administration, Prime University. The project report was placed in WALTON Hi Tech Industries Limited; for the three month internship to have a practical Snatch over the Marketing activities of this organization. The topic of the report is proposed “The Overall Marketing Strategy of Walton”. Basically internship is a part of MBA program which is designed to reduce the gap between the theoretical knowledge and practical knowledge. I am very glad for getting this opportunity to accomplish my practical orientation at WALTON Hi-Tech Industries Limited a sister concern of R.B. Group, Head office: Jibon Bima Bhaban, (Level- 3),10,Dilkusha C/A, Dhaka-1000; From September 14,2011 to December 14,2011. 1.2 OBJECTIVE OF THE REPORT The specific objective of the study is as follows 1. To understand the marketing function of the company. 2. To find out the efficiency and effectiveness of existing Marketing system. 3. To analyze the competitive market share of different products of Walton‟s. 4. To identify the marketing problems faced by Walton Hi-Tech Industries. 5. To evaluate the present performance of WALTON brand in comparison with other major competitors. 8
  • 9. 1.3 METHODOLOGY An information plan has been structured to collect the relevant data consistent with the preparation of the report to conduct the study. For that reason Primary and secondary data were reviewed thoroughly in an organized manner. This study is mainly on secondary data collected from Head office, Showrooms, and Factory open market. Also have a market survey on questionnaire basis on customers, showroom managers and corporate level as a primary source of data. Newspapers and other printed materials were also used for collecting relevant data. 1.4 LIMITATIONS OF THE STUDY Several limitations remain regarding the coverage and comparability of data. 1. Data collection procedure was not so easy within limited time. 2. All users were not co-operating with me. 3. In case of data collection from competitors, every place was not accessible. 4. In certain critical areas, reliable data are extremely scarce. 5. All showroom managers were not co-operative in providing data. 6. Some data collected from one source contradicted with other data and actual data findings raised confusion. As a result, actual situation was difficult to assess. 9
  • 10. CHAPTER-2 (ABOUT WALTON) 2.1 HISTORICAL BACKGROUND OF “WALTON” Walton HIL (Walton Hi-Tech Industries Ltd.) is the pioneer of refrigerator, freezer, and motorcycle manufacturing technology in Bangladesh. It is also the manufacturing of Energy saving Lamp. R.B. Group (Mother Company) is the country‟s top business Group in electrical and electronics, Motorcycle, Electricity generating equipments and other household electrical & electronics goods using the brand name WALTON with some other sectors like Textiles, Dairy etc. The company has been running its business with a great reputation since 1977. Establishment of Walton HIL to manufacture Refrigerator & Freezer, Lamp and Motorcycle etc. In the country is a milestone in the path of success and reputation of the brand WALTON. Walton HIL has introduced first advanced research and manufacture technologies and equipments for customized commercial and household Refrigerator and freezer, Motorcycle and Energy Saving Lamp etc, In Bangladesh. The company desires to provide the latest technology based products with innovative design, excellent quality and many different models & capacities. In this concern, management of Walton HIL ensures their commitments for quality at any cost. WALTON brand main products are different types of Television (CRT, LCD, Plasma etc), HD, DVD & DVD Player, Motorcycle, Refrigerator & Freezer, Microwave Oven, Steam Oven, Domestic and Industrial Generator, Washing Machine, Wrist- Watch, Manganese & Alkaline Battery, Energy saving Lamp, Power tiller, Air- conditioner and various types of necessary and useful home appliances. Walton HIL is furnished with strong Research & Developed (R&D) Division comprising of a team of dedicated skilled engineers & technical personnel. It is fully equipped industrial set up with annual production target of 0.9 million Refrigerator, 0.138 million Motorcycles & 5 million Energy Saving Lamps. The Industry has its own Mold & Die making section where high precision molds are produced with the help of state of the art CNC, Wire-Cut, EDM Machines. Walton HIL always emphasizes on supreme priority in achieving customer satisfaction. The company always ensures product quality and renders the innovative latest technologies in its products. It has a complete experienced professional engineering team combined with both home and abroad to serve the valued customers. 10
  • 11. 2.2 WALTON AT A GLANCE Management Office : WALTON Hi-Tech Industries Ltd. 10, Dilkusha C/A, Jibon Bima Bhaban, (3rd Floor), Dhaka-1000, Bangladesh. E-mail: info@walton.com Business Operation started in Bangladesh : 1978 No. of Employees when Started : Management-5 & Marketing-10 Present No. of Business : 120 Present No. of employees : about 2000 Product range : Air conditioner, Refrigerator, Deep Freezer, DVD player, Microwave oven Color Television, Washing machine, Motor cycle, Generators (Portable and Industrial) Business Collaboration with : WALTON Peoples Republic of Korea, Peoples Republic of China. Business system : Cash and Hire purchase System 11
  • 12. 2.3 MISSION WALTON will become the acknowledged leader in electronic home appliance industry to provide quality products into reasonable price. Leadership will be achieved by establishing the industry standards of excellence for quality of service and by maintaining the broad loyalty relative to our service commitment. Achievement of Mission requires: 1. Absolute dedication to understanding and fulfilling our customers need with the appropriate mix of service, reliability, product and price for each customer. 2. A countrywide showroom and service network for customer providing with reputed brands, products with excellent useful characteristics with different aspects for customer. 3. Allocation of resources consistent with the recognition that we are in number one position in countrywide business. 4. An environment that rewards achievement, enthusiasm and team spirit and which offers each person in WALTON with superior opportunities for personal development and growth. 5. A professional organization able to maintain initiative and local decision making while working together within a centrally managed network. The evaluation of our business in providing new products, new services, markets or products will be completely driven by our single-minded commitment to anticipating and meeting changing needs of customer. 2.4 GOAL To provide best quality products for the valued customers by introducing latest technology driven products and expanding service network. 12
  • 13. 2.5 OBJECTIVE 1. To create and continuous upgrading the loyalty of the clients and their recommendation of our people through: quality products and good advice, dependable service and delivery and efficient marketing effort. 2. To establish a strong and distinguished corporate portfolio and image by retaining the tradition of the world‟s greatest product line up. 3. To continuous upgrading and monitoring and evaluating of total quality management (TQM) approach to our all marketing and distribution system by making dynamic, honest and industrious showroom and dealer personal, an integrated part of the family. 4. To reach the pinnacle of the market in Brand Category combined with customer segmentation and strength our position there. 5. Develop an integrated human resource policy and implement its consistent use through the organizational training, authority commensurate with responsibility and recognition for performance. 6. To ensure that every number of the management team will be a person of top capability. 7. Introduce methods to plane for the provision of required caliber and quantify if staff. 8. Assist the organization in becoming more customers aware and responsive in changing needs of external marketing environment. 9. Define and encourage implement of an improved communications culture throughout the organization. 10. Faster a leadership style throughout the organization which encourages the respect for individuals, teamwork and close identification with customers. 13
  • 14. Long-range objective The long-term objective is to gain leadership globally in the home appliance industry. Short term objective Their short-range objective is profit maximization through customer satisfaction by providing quality product and increase market share in electronics market. 2.6 STRATEGIC INTENT To be the global leader in the appliance industry. Corporate strategic To earn more than average profit by exceeding customer expectation. Business strategy Adding product features to different markets and thus gain substantial market share. Operational strategy To promote corporate image, to established good production facilities and to setup a good distribution channel. 14
  • 15. 2.7 ORGANIZATIONAL STRUCTURE OF WALTON Managing Director Admin Account Credit Director Director Dept. Dept. Dept. Marketing technical Inventory Logistic Service Show room Dept. Dept. Dept. Authority controls all over the company along with the supervision of three directors (finance, Marketing and Technical). The segmented departments are doing activities under the supervision of both head of department and the authority. The summaries of department activities are discussed bellow: 15
  • 16. Administration Department The major activities of administration department are as follows:  Staff recruitment, staffing, staff management (transfer, promotion) and staff controlling.  Administrative activities regulating, setting up workings of various subordinate dept. and monitoring employees.  Some additional activities benefiting the company. Accounts Department This department basically does the following activities: Preparing monthly account‟s report Preparing and financing report LC import related banking activities Central accounting process. Credit Department The following activities are done be the department: Hire purchase activities. Monitoring and preparing credit functions of field officers Checking out and preparing arrear collection report of showroom managers Observing any type of discrepancy gap and performance evaluation of field officers. Supervising branch level data (Hire Agreement) through area managers. 16
  • 17. Marketing Department This department does the following activities mainly: Market survey Sales promotional activities Advertisement Market research Competitor Additional activities like arrangement of foreign trip or incentive bonus for employees etc. Audit Department The department is doing the following activities: Data entry of (Accounts) both weekly and monthly report. Data entry and recording file of cash and hire sales and collection From hire sales. Inventory Department The following activities are done by the department: Management of inventory. Recording total amount of purchase of products weekly and monthly. Preparing record of total sales unit of products weekly and monthly. Logistic Department The activities of the department are no less significant which are as follows: Any type of product distribution. Product support and logistic support. Controlling and management of store. 17
  • 18. Service department The department does the following things: Management of after sales service Product services done by expertise like service engineer & B.S.C engineer. Only own product servicing is done. After sale service is done at free of cost for one year Showroom Activities Showroom is the grass root level of WALTON Hi-Tech Industries Ltd and serving the customers directly. There are more than 1300 Showroom all over the country. Method of selling is in both cash and hire sales. Various forms are used in selling which are as follows: Forms used for Cash Sales F304 (Final Receipt General), LPR (Without VAT) F364(Cash received with VAT) Forms used for Hire Sale Hirer Proposal Form Guarantor‟s Form Agreement Form (F315) Salesman‟s Certificate (F317) Hirer‟s Down payment Receipt(F365) Installment /Collection Receipt (F314 18
  • 19. 2.8 MAJOR CONSIDERATIONS IN HIRE SALES  Hirer‟s full name, parents name address, occupation no. of years involved in the job.  Students or blow 18 years aged can‟t be a hirer.  Two guarantor who are „not related‟ to Hirer and also have enough financial strength to compensate later if hirer defaults.  Hirer will have to make four signatures in the agreement form and all signatures in the agreement form and all signatures should at the same language at the same manner.  At first, Down Payment + 2 Installments will be taken including VAT if any.  For police, BDR, Army ID no. is compulsory.  Hirer can not hire more than one product at a time.  Service charge of collecting installment will within 10kilo distance Tk.20 and for every next 1 kilo Tk.3.  There should not be any amendment using fluid or mutilation of the agreement form.  The hirer will pay installment within 7th day of each month. Otherwise will be fined @ TK. 25 form 8 to 20th of that month. Other Issues related to Hire Sales  Revert: If hirer fails to pay installment, then the product is taken return to the showroom back.  Reverse: The reverted product returned to the previous hirer if he pays arrear or Sale to another person.  Sale cancel: If any hirer surrenders the product who is not capable of paying installment, the sale is then cancelled. In this case, change of TK 1000 for use of each 1 month will be deducted from hire value and the rest amount will be refunded.  Delinquent list: The installments due for collection in the current month. 19
  • 20. 2.9 FORMS USED FOR REPORTING  Weekly Cash Sale Report (F320): Cash receipt & Disbursement of Salary. Bulk Sales Commission & Incentive bonus are described here. The balance goes to remittance sheet.  Weekly Hire Sale Report (F321): It includes collecting Bonus (if 100% collection – 4% bonus otherwise not), Installment collection data from collection sheet (F322), Down Payment with without VAT. Stock of Hire agreement.  Retirement Sheet (F312): Balance from F320 & F321, method of remittance transfer (DD, PO etc) in details to the Head Office.  Monthly Reporting: Summary of Month‟s cash & hire sales and other relevant data. 2.10 DISCOUNT METHOD  If hirer makes full payments within two months, then he will get the product at cash price.  If hirer makes full payment at 3rd month, he will have to pay cash price + a lump sum amount (of course the sum will be less than hire price).  If hirer makes payment at 4th to 10th month, he will get discount at a chronological down percentage manner. 2.11 PRODUCT FACILITIES Product Name Guaranty / Warranty Refrigerator Six months Guaranty, Five Years Warranty Motor Cycle Two Years Warranty Voltage Stabilizer Two Yeas Guaranty Generator Engine 2 Years Warranty DVD One Year Warranty Micro Wave Oven One Year Warranty TV Picture tube 2 Years Warranty, Sales service 5 Years Warranty. LCD One Year Warranty 20
  • 21. 2.12 DESCRIPTION OF THE TASKS PERFORMED BY EACH DIVISION a) Home appliance market is the world‟s largest consumer goods market and WALTON Hi-Tech Industries Ltd. is one of the major organizations in home appliance in Bangladesh most of the companies are moving globally to sound growth rate. WATON is not exception from this criterion. The brand WALTON one of the major international brands possessed by WALTON Hi-Tech Industries Ltd. is assisting to get moving globally. b) The basic intent of the report is to present the performance WALTON Refrigerators and Freezers of WALTON Hi-Tech Industries Ltd. and to enhance the value of brand and product in a very complex competitive environment. The report discusses the competitive market analysis of WALTON Refrigerators and freezers. Consumer perception of a number of brand alternative, nature of Distribution channel and their activities, advertising and promotional activities, market share and growth. The outcomes of the analysis are shown in brief. c) Rivalry is likely to increase its WALTON‟S strategic move to global market has been successful. d) The life cycle stages of the products of WALTON are mostly in nature stage. e) All the big companies in the market are acquiring small companies and as the product range is quite large they enjoy Economics of scale. f) Customers are very brand loyal. g) Some rivals have good distribution channels. h) As buyers preferences are changing it is inducing the industry to change. i) An intense competition is going on the market of home appliance between the brand and non-brand product. j) The increasing demand for non-brand product is due to lower price rather than other k) Customers are not very well-known about WALTON product like Konka. 21
  • 22. l) Advertisement, another key issue of sales growth through which Konka. Nova and some other non-brand are doing very well in sales. m) Konka and Walton are most demanding in the gray market because of lower price, nice getup and for guarantor period. n) The demand of Microwave oven is increasing day by day which is a positive sign for WALTON o) Rice is the first choice of the customer for purchasing Microwave oven in the gray market but brand loyalty and quality are not ignorable. 2.13 MARKETING STRATEGY AND MARKETING MIX Marketing Mix This is a traditional approach to marketing planning which is based on the four Ps: Product policy: Product is, in fact, the range of the products (Goods or services) that the organization offers to the marketplace. Decisions have to be made about quantities, timing, product variations, associated services, style and even the packaging and branding. Price policy Price is a vitally important decision area because although it is a promotional tool in many respects, it is the main source of income to the organization. If prices are lowered for promotional purpose, the case flow within the company, and its long term profitability, could be seriously affected. As with products, there is normally a range o prices. These can very according to the quantities bought, the importance of-the customer, and the market segment. Pricing can be long-term and short-term. Pricing can involve discounts, special offers, allowances, credit, and „trade-ins‟. It is vitally important to get price decisions right. Place policy 22
  • 23. A business when planning its marketing will ask a number of questions relating to place i.e. „through which outlets should we sell the product? How do we physically move the product to these chosen outlets? How far afield do we wish to operate (locally, nationally, or internationally)? Place, or distribution policy, is a massive, complex decision area. The Marketing mix gives a plan by which to operate to influence and satisfy the buyer/customers. The four Ps approach is not perfect, and is certainly not intended to cover all the marketing activities, e.g. marketing research, research, of course, the provider of information for the decision in all of the 4p area. 2.14 WALTON MARKETING MIX Marketing Mix Product Mix Distribution Mix Communication Incentive Mix  product  Physical Mix  Money line Range Distribution  Advertising off(discount) Design Concept  Supplier  Sales  Competitors  Stock Catalogue  Sales  Handling  Field Sales promotion  Storage forces  Transportation  public  Warehousing Relation   Distribution  Direct  Color channel Marketing Appeal  Direct  Telephone  Style Distribution sales Intention  Trading Block force(Brand  Package Image ) proposal  Brand  Merchandisi Name ng  price Structure  Service Function  Warranty Offer 2.15 BUILDING A STRONG BRAND (WALTON) 23
  • 24. 1. Ensure identification of the brand with customers and an association of the brand in customer‟s minds with a specific product class or customers need. 2. Firmly established the totality of brand meaning in the mind of customers by strategically liking a host of tangible and intangible brand association with certain properties 3. Elicit the proper customer responses to this brand identification and brand meaning. 4. Convert brand response to create an intense, active loyalty relationship between customers and the brand (WALTON). 24
  • 25. CHAPTER-3 (MARKETING ACTIVITY ANALYSIS) 3.1 PRODUCT ANALYSIS A product may be anything that can be offered to a market for attention, acquisition, use, or consumption that might satisfy a want or need. It includes physical objects, services, persons, places, organizations, and ideas. Product Classifications Marketers divide products and services into two broad classes based on the types of consumers that use them-consumer products and industrial products. a. Consumer Products Marketer products are those that the customer usually buys frequently, immediately, and with a minimum of comparison and buying effort. These products differ in the ways consumers buy them and how they are marketed. b. Industrial Product Products are those bought by individual and organizations for further processing of for use in conducting a business. According the previous definitions, Refrigerator and Freezers should be categorized as a consumer product. As a shopping product, they are less frequently purchased consumer products that customers compare carefully on suitability, quality, price, and style. They spend much time and effort in gathering information and making comparison. They buyers see homogeneous shopping products, such as major appliances, as similar in quality but different enough on price to justify shopping comparisons. PRODUCT (Freezer & Refrigerator) CATEGORIES: 25
  • 26. WALTON & MARCEL Freezer and Refrigerators categories Liters FC-1D5 (Deep) Fc-2T5 (Deep) D-1FO 160Lt W2D-1H5 185 D-1H5 185 W2D-A90 190 WD-19A 191 W2D-2X1 201 W-125C 201 W3D-2AO 210 WFF-2A3 213 W2D-2BO 220 W3D-BDO 240 W2D-2D4 244 W2D-2GC 273 Freezer and Refrigerators categories Liters M2D-B7C 273 M2D-2DD 244 M3D-B40 240 M2D-B20 220 M2A3-FF 213 M3D-B10 210 M-125C 201 M2-A91 191 M2D-19X 190 Stanfam 185 Smartfam 160 MD-20E(D) 205 Fresh cool 145 Singtwo 170 26
  • 27. 3.2 CONSUMER ANALYSIS Consumers express themselves and communicate with each other through the consumption of goods and services. Understanding how marketing manages its customers represents one half of the analysis. The other half needs to focus on the aims of marketing in respect of its customers. Overriding the commercial aims (for example, increased usages, and profit and market share) is that of what marketers are marketing and consumers are consuming. The company that really understands how consumers will respond to different product features, prices, and advertising appeals has a great advantage over its competitors. Consumer purchases are influenced strongly by cultural, social, personal and psychological characteristics. The marketer needs to know what people are involved in thy buying decision and what role each person plays. People might play any of several roles (initiator, influencer, decider, buy, decider, buyer, and user) in a buying decision. Knowing the main buying participants and the roles they play helps the marketer fine- tune the marketing program. The customer analysis for the WALTON‟s products has been done through a marketer survey. And on the basis of that survey customer analysis has been made. Survey Type: Consumer Survey Sample size: 120 Income Group: Within TK.20000- Tk.40000 and above. Occupation: Service holder and Business personality. Social Class: Lower-middle and upper middle. Survey Area: Different Location of Dhaka City. Date of Survey: 11November, 2012 to 10February, 2013. 27
  • 28. In this case we have gone to the Walton showrooms (Basundhara City, Mohammadpur, and Stadium market, Mirpur, Moghbazar, Shewrapara, Rokya Sarani, and Mirpur) for collecting information of consumers. We have collection information from 120 consumers. We have tried our best to cover all levels of customers. Table: Opinion about WALTON Refrigerators and Freezers and features. Opinion Good Very Good Excellent No Idea Bad Percentage 25% 28% 38% 7% 3% Opinion 3% Percentage Bad 7% 1 38% No Idea 28% Excellent 25% Very Good Good 0% 20% 40% Table: Competition about Walton and Others Brand 28
  • 29. Walton Lg Sony Sharp Samsung Others 27% 25% 22% 17% 12% 4% Brand Name 30% Walton 25% Lg 20% Sony 15% Sharp 10% Samsung 5% Others 0% p Lg ng s ny n ar er to So su Sh al th m W O Sa Table: 3.1 Present brand users of Microwave of different brand. 29
  • 30. Brand Sharp Samsung LG Walton Miacko % 15 5 21 27 32 Opinion about present china brand user of Refrigerators and Freezers of different brands: Brand Butterfly Sharp Walton Nova Konka Others % 19.50 12.37 25.63 15.75 16.35 10.40 Butterfly Sharp Walton Nova Konka Others Specific reason for choosing products of WALTON brands: 30
  • 31. Reason Price Brand image Features Warranty Getup Percentage 32 27 17 18 6 Price Brand image Features Warranty Getup Reason for choosing Brand Opinion about the “Brand Image” position: Brand name Percentage Position LG 24 1st Walton 21 2nd Sharp 18 3rd Sony 15 4th TCL 14 5th Samsung 13 6th Toshiba 12 7th Konka 6 8th Others 4 9th Opinion about low price offer high quality Opinion Agree Not sore Strongly 31
  • 32. Disagree Percentage 15% 38% 47% Strongly Disagree Not sure Agree 0% 10% 20% 30% 40% 50% Opinion about WALTON Refrigetors and Freezers price present. Size 27,28,30(Liter) Price: 22700-24500-23900-26500 Opinion About price Reasonable Affordable High Unreasonable Percentage 34 25 36 5 Opinion About Price Reasonable Affordable High Unreachable 0% 10% 20% 30% 40% 3.3 PROMOTION ACTIVITY AND ADVERTSEMENT 32
  • 33. Advertising is an evolving business function. It was traditionally used to announce the availability of products in customer, brand building, positioning conveying the USP (Unique Selling Proposition) and so on. In recent years, advertising has undergone a number of significant changes in both strategy and exception. Most of the consumer product companies have come to the stage where they can‟t do business without advertising. It used to be said be that advertising was the smartest form of communicating without telling the truth. With the cost of media skyrocketing, and the attention span of the customers shrinking with ad clutter, We cannot blame the advertises for not giving the entire truth. Advertising is a communication tool In order to be successful. Once we develop goals and objectives in keeping with the communication core of adverting. Once we have clearly defined the communication goals, we must then adders the role of advertising within the overall marketing strategy of the firm. The advertising campaign The campaign may be carried out an advertising agency for a large organization. The important starting point is to have clear objectives as to what is to be achieved. The stages in the advertising campaign set out are in a recommended order. Identify right timing Timing of the advertising is crucial. Too before the event, and the customers forget; too late and they have bought something else. Seasonal markets need careful timing. A media expenditure plan should be drawn, detailing at what stage of the campaign the money should be spent, and on which media need to be informed first so that stocks will be in the shops when consumer get to hear about it. Promotion to the consumer: Advertising Media Promotional communication methods consist of advertising sponsorship, branding. Packaging, public relations. Sales promotion and merchandising. They must not offer conflicting messages. Advertising media must be chosen for its ability to reach the right market segments. Perhaps the most significant role that advertising plays is its advertising is its contribution to the creation of brand preference. If the necessary ingredient for advertising is a brand name, then the key to continued successful advertising is a good product. It goes without saying that no amount of advertising will persuade consumers to repeatedly buy a bad product. The key to successful advertising is to view a product as a bundle of consumer benefits rather than as a physical commodity. Advertising must communicate messages that address major benefits of a product and communicate realistic benefits of consumers. Examples of primary product consideration in establishing advertising goals are: 33
  • 34. 1) Brand position within a product category: products priced at the high end of a category will require different advertising strategies just as advertising for new products will differ from their established competitors. 2) Product purchase cycle: Obviously package goods bought on a biweekly cycle such as groceries will use different advertising approaches than durable goods, such as appliances, which are purchased every 5 to 10 years. 3) Product awareness and market position: Product with high market saturation has a much different marketing strategy than others, and it is reflected in both its advertising budget and its creative approach. 4) Product seasonality: For seasonality, Product is marketed differently. 5) Short term advertising strategy: Is a particular campaign designed to gain initial consumer trial, encourage higher purchase levels from current customers, or based on the following. Identity the right media The choice of media is large and rapidly expanding as more TV channels and the new technology of the Internet add to the choice. Selection is therefore critical and must be based in the following: 1) Is the cover to be local, regional or national? 2) Does the overall cost rule out any medium? 3) How many people are reached and at what cost per person?] 4) Which social group does the medium reach? 5) How often the message is put over- hourly, daily, weekly etc? 6) Can the message be detailed / how long a life will it have? 7) What are the image / status / prestige of the medium? 8) How important are sound, movement, color, size? 9) Will the results be measurable e.g. replies to one advertisement? These are the key question to be asked when selecting suitable media the lists in the boxes in the diagram have been drawn up in categories in order to answer this question. 3.4 ADVERTISING PATTERN OF WALTON HI-TEC INDUSTRIES LTD. 34
  • 35. WALTON‟s advertising pattern is the following:  Electronic Media (Television)  Newspaper  Billboard  Purchase of point Electronic Media: WALTON uses B.T.V., channel I, A.T.N Bangla, NTV and other Bangladeshi channels for their advertising purpose. Also maintaining a special program in Bangla Vision. Newspaper: Two Major News paper, Ittefaq and prothom-Alo are used for their advertising purpose. 3.5 THE OBJECTIVE OF ADVERTISING OF WALTON MARKETING IS GIVEN BELOW: 1. To establish an immediate sale. 2. To bring prospect to closer to a sale. 3. To bring a long term franchise. 4. To bring consumption among users. 5. To initiate first move towards a sale. 6. To give sales force a supporting service. 7. To gain market support. 8. To deeper penetration. 9. To open distribution. 10. To develop image. 11. To import information. 12. To enter new market. 13. To create awareness. 14. To support retail trade. 15. To promote incentive marketing. 16. To counter price competition. 17. To overcome memory laps. 18. To defend present position. 19. To reinforce reputation monopoly. 20. To establish market lead. 35
  • 36. 3.6 ADVERTISING AGANCY OF WALTON HI-TECH INDUSTRIES LTD. WALTON Hi-tech Industries Ltd. does their advertising activities through the Nishu advertising agency for specially T.V. media. 3.7 SALES PROMOTION The techniques of sales promotion are so diverse and widely used that they are part of the promotional programs of virtually every company. Sales promotion is directed to a number different target markets and comes in an array of formats. Despite its many forms, all sales promotion techniques have in common the goal of creating short term sales. The most frequently used forms of sales promotion are the following 1. Point-of- purchase advertising 2. Premiums 3. Specially advertising 4. Coupons 5. Sampling 6. Deals 7. Event marketing 8. Sweepstakes and contests 9. Cooperative advertising 10. Directories and Yellow pages 11. Trade incentives 36
  • 37. 3.8 Walton’s SALES PROMOTIONAL OBJECTIVES. Sales promotional objectives of WALTON Consumer promotion Trade and industrial promotion 1. Matching comp 1. Extending distribution network. 2. Increasing amount of purchase. 2. Meeting competitive activity. 3. Combating own corporate 3. Stimulating showroom/ outlet‟s purchase and image cooperation 4. Including immediate purchase. 4. Overcoming seasonal fluctuation 5. Providing distribution sales 5. Introducing new product push 6. Opening new accounts. 6. Stimulating demand push 7. Increasing average value of order 7. Retained established customers. 8. Promoting showroom target 8. Reaching specific markets. 9.Enlisting support from publicity 9. Extending effective distribution. 10.Encouraging advance stock 10. Overcoming seasonal patterns. holding 11. Developing brand awareness. 11. Gaining merchandising support 12. Controlling selling effort 12. Purchase supporting products 13. Acquiring marketing 13. Educating for trade Intelligence. 14. Reclaiming lost or dormant business. 14. Including consumption of range. 15. Securing media news coverage. 15.Evaluting Media effectiveness 37
  • 38. Channels distribution of WAL TON Products “Any sequence of institutions from the producer to the consumer including one or any number of middle men is called channel of distribution”-Mc Carthy. Producers normally use a number of marketing intermediates for taking their products to users. Marketing intermediaries bear a variety of names such as: sole selling agents, stockiest, Wholesalers, franchised dealers retailers, authorized representatives, brokers/ commission agents and jobbers. All such intermediaries constitute the distribution channel. The depots/ showrooms and other direct outlets of producers also from part of distribution channel. Manufacture Channel’s Distribution Consumers Role and Important of distribution channels Distribution channels play a pivoted role in the successful marketing of most products especially consumer products. Channel perform a wide variety of functions The important of distribution channels can be understood clearly by analyzing the wide variety of function perform by them.  Channels provide distribution efficiency to manufactures.  Channels supply products in required assortments.  Channels provide salesmanship.  Channels help merchandise the products.  Channels look after physical distribution and financing functions.  Channels decisions have a vital bearing on decision on other areas of marketing.  Channels act as change agents and generate demand.  Channel levels.  Channel members.  Channel length. 38
  • 39. WALTON‟s Channel of distribution Company must decide on the best way to store, handle, and move their products so that they are available to customers in the right assortments, at the time, and in the right place. Logistic effectiveness will have a major impact on both customer satisfaction and company costs. a poor distribution system can destroy an otherwise good marketing effort. Butterfly Marketing Ltd. is maintaining the following distribution channel under the direct supervision of logistic department through authority to maintain the product property and to teach the final consumers. Supply chain Import Warehouse Logistics Dept. Marketing Dept. Outlet Ultimate Customer Service center 39
  • 40. Physical Distribution: Physical distribution looks after physical handling of goods, and assures maximum customer service. It airs at offering delivery of right goods at the right time and places to customers. Physical distribution activities cover.  Order processing  handling of goods  Packaging  Warehousing  transportation  Inventory and  Customer service All middle men in distribution perform these functions and they assure putting the product with in an arms length of customer desire and demand. Opinion about showrooms decoration positive impact: Brand Sharp Samsung LG Walton Sony % 20 26 20 24 10 Brand 30% Sharp 20% Samsung 10% LG Walton 0% Sony 1 40
  • 41. 3.9 PRICE ANALYSIS The price prevailing in the market at any given time and determined by the forces of demand and supply is the market price. Market price is important because price changes send signals to producers which tells them whether they should produce more or less of their good or service. If the price of a product is raising this is a sign that producers need to supply more. Producers will respond to this signal because, in general, higher rives lead to higher rewards for producers (profit) and so they have an incentive to work harder and increase production. Filling prices, on the other hand, hand generally lead to falling profits and this is the way that the market signals to producers that they should produce less. The influence of price on demand: The price of a good or service is obviously one of the main factors that influence how much we buy of it. The factors that cause the level of demand to change are explained below. The general rule is:  An increase in demand leads to arise in price.  A decrease in demand leads to a fall in price Change in income: Most people gain an income from working in the form of wages and salaries. However, people can gain an income from a number of other sources. They might be from employment, savings, retirement pension, state benefits, property ownership, share ownership or business. It is clear that the level of people‟s income the greater the level of demand. It also follows from this that higher the level of demand the higher the market price. Obviously this logic can also be applied the other way around- lower incomes lead to lower demand and lower price. The price and availability of credit: The price of some goods and service that people wish to buy can often be so high that they find it difficult to afford them out of one month‟s income. 41
  • 42. The influence of price on supply: The price of a good or service is obviously one of the main factors that influence how much we buy of it. The general rule is that;  The higher the price of good or service the more businesses will want to produce  The lower the price of a good or service the less business will want to produce The factors that cause the level of supply to change and hence the market price of goods and services to alter, are explained bellow.  An increase in supply leads to a fail in price  A decrease in supply leads to a rise in price Changes in the cost of production: A rise in business costs will often lead to a fall in profit levels and so firms will lose some of their incentive to produce. It the majority of firms in the industry are affected in the same way then there will be a fall in supply. Similarly a fall in business costs tends to increase profit levels and they have an incentive to produce more. If most firms in the industry respond in the same way then there will be an increase in supply. Factors to consider when setting prices Before setting price, the company must decide on its strategy for the product. If the company has selected its target market and position carefully, then its marketing-mix strategy, including price, will be fairly straightforward. At the same time, the company may seek additional objectives. The clearer a firm is about its objectives, the easier it is to set price. Price is only one of the marketing- mix tools that a company uses to achieve it marketing objectives. 42
  • 43. Price decisions must be coordination with product design, distribution, and promotion decisions to from a consistent and effective marketing program. Pricing for WALTON products: In case of the product Refrigerators and Freezers, WALTON Hi-tech Industries Ltd. has adopted the following price on the basis of following formula. Selling price = Landed cost (LC) + Administrative cost + Transportation cost + Warehousing cost + VAT + Profit margin. Price comparison of different brand for 226 Liter refrigerator : LG Sharp Konka Walton Sony 29000 33500 25000 26500 28500 Price Difference 40000 Walton 30000 Sharp 20000 LG 10000 Konka 0 Sony 1 43
  • 44. 3.10 MARKET ANALYSIS OF THE INDUSTRY To ensure that our analysis is consistent, it is very important to define the „industry‟ we are dealing with. An „industry‟ is defined as a group of organizations or business units producing close substitutes. For the convenience of our analysis the industry can be defined in both wide and narrow. Major participants of Industry: The companies who are performing well and have maximum market share of the industry are as follows. Global brand: 1. WALTON 2. Sharp 3. Whirlpool 4. LG Non brand 1. Ariston 2. Kelvinator 3. Super ariston 4. Konka 5. Nova 44
  • 45. Table: Market Share Analysis of Industry for global brand: (Sales value) For the year 2012 Company Name Market Share % LG 30.75 Walton 25.75 Sharp 24.25 Sony 12.15 Others 7.10 Market Share 40 30 LG 20 Walton 10 Sharp 0 Sony 1 Others Percentage 45
  • 46. Chapter-4 (Findings and Recommendation) 4.1 SWOT ANALYSIS OF WALTON REFRIGERATORS AND FREEZERS Strength  Efficient management  Good distribution channel  Long experience in this industry and good learning curve.  Reputation as a global company environment friendly products  Wide distribution capability  Brand loyal customers  Brand image of WALTON  Easy access to capital investments  Economies of scale due to standardized product  Structured geographic network  Two sales category higher purchases system or cash Weakness  Weak marketing strategy.  Lack of strong marketing network rather than competitors.  Lower frequency in Advertisement in electronic media.  Lack of proper decoration of showrooms.  So high price than china base product. (Refrigerators and Freezers). 46
  • 47. Opportunity  WALTON has very positive corporate image  Proper utilization of hire sales system can flourish the sales growth  New products developing thought.  Small and local competitors are decreasing  Changes in people‟s life style, enhancement of purchasing power and changes in social values. Threats  A shift in buyer needs and tastes away from the industry‟s product  Adverse demographic changes  As opportunities are increasing some Korean companies may enter the market as they already have similar products microwave oven. (Superaristion)  The frequency of advertisement is increasing by the competitors rather than WALTON  Day by day inter new product in Bangladesh which price is so low. (china product) 47
  • 48. 4.2 RECOMMENDATION I recommend the following steps: 1) Price can be reduced to attract the customers mostly. 2) More advertising campaign should be taken to attract the customers. 3) Number of showrooms should be increased. 4) Credit facilities could give to the dealer in some cases. 5) Set up a control R & D department to make R & D activities more cost effective & fruitful. 7) Should have in house advertising agency. 8) After sales services facilities should be prompt &with care. 9) Strengthen channel of distribution. 10) Can diversify in other domestic products to gain economics of scale. 11) Becoming more aggressive to cover wide area. 12) Setting up a strong image. 13) Can improve promotional activities. (Consumer promotion, trade promotion) 48
  • 49. Implementation plan Managers at all levels are involved in implementing a strategy. Of course top level managers should take the initiatives to carry out the help of middle level and lower level managers. Then the whole task should be divided into several parts. Procurement manager is needed to play a major role here. He should have the capability to negotiate with the supplier in order to lower the input price. They can also setup a central R& D department to make R & D activities more cost effective and fruitful. The R & D team has also something to do in implementation. The manager in charge of R & D should persuade his subordinates to come up with innovative ideas and give operational efficiency to lower the price. The manager of marketing department will be responsible in implementing the plan. He should explore creative ideas to attract the customers. The advertising and promotional activities should be exceptional to influence the consumers to buy WALTON products. Contingency plan There is always uncertainty in this world. The strategies taken to accelerate a company‟s growth may go in vain. Therefore the company should have some backup strategy. Since the average income of Asian consumers is low, many people may be reluctant to buy WALTON‟s products. For this, WALTON can introduce an economic version of its product line, which will be affordable for the low-income consumers. Not only for Asia, can it produce this economic version for any low income-earning people all over the world International market is unforeseeable; the government may not act in accordance with the terms and conditions. In this case they can seek cooperation from the govt. to put pressure on the host government so that they comply with the international norms, rules and regulations. Local people who have strong influence on the govt. should be convinced by parent company so they act in favor of them. All these strategies may not produce the desired result, so insurance should always be there to cover up this loss before entering any new country. 49
  • 50. CONCLUSION From the study of “Marketing Strategy of WALTON”, it can be concluded that strategy followed by WALTON Company Ltd. is comparatively good. Since consumer demands change instantly, the company should take the advice strategies and policies to grab the market. In this regard integrated marketing can be helpful. Rivalry is likely to increase; its WALTON‟S strategic move to global market has been successful. The life cycle stages of the products of WALTON are mostly in mature stage. All the big companies in the market are acquiring small companies and as the product range-is-quite large they enjoy Economies of Scale. Customers are very brand loyal some rivals have good distribution channels. As buyer‟s preferences are changing it is inducing the industry to change. An intense competition is going on in the market of home appliance between the brand and non-brand product. The increasing demand for non-brand product is due to lower price rather than others. Customers are not very well-known about WALTON product like due to the drawback of advertisement. Advertisement is one of the key issues of sales growth through which konka. Nova and some other non-brand are doing very well in sales. Konka and WALTON are most demanding in the gray market because of lower price, nice getup and for guarantor period. The demand for WALTON‟s products is increasing day by day which is a positive sign for WALTON. Price is the first choice of the customer for purchasing products in the gray market but brand loyalty and quality are not ignorable. References 50
  • 51. 1. Philip Kotler, Marketing Management (11th edition), New Delhi: Prentice Hall, 2003, 706pp. 2. Philip Kotler & Gary Armstrong, Principles of marketing (10 th edition) New Delhi: Prentice-Hall, 2003, 734pp 3. Belch, George E. & Michel A. Belch, Advertising & Promotion (5th edition) New Delhi: Mc Graw-Hill, 2003, 795pp. 4. Station, W.J. Fundamentals of Marketing, New Delhi: Mc Graw-Hill, 1992, 723pp. 5. Mc Carthy, E.J. & W.D. perreault, „Essentials of Marketing‟, New- Jersey: Irwin, 1990, 668pp. 6. Integrated Advertising, Promotion, and Marketing communications (Kenneth e. clow Donald Baack). 7. Naresh K. Malhotra, Marketing Research an Applied Orientation (5th edition) New Delhi: Prentice Hall, 2009, 809pp. APPENDIX_1 51
  • 52. The purpose and content of a marketing plan: Unlink a business plan, which offers broad overview of the entire organization mission, Objective, strategy and resource allocation, a marketing plan has a more limited scope. Product Review: The product review should summarize the main features for all of the company s products . The information may be organized by product line, type of customer , by market or by order of product information. Competitive Review: The purpose of a competitive review is to identify key competitors, their market positions and briefly discuss their strategies. Opportunities: Opportunities are external elements that the company may be able to its advantage. Marketing research: Management should explain in this section how marketing research will be used to support development, implementation and evaluation of strategies and action programs APPENDIX-2 Total market demand: 52
  • 53. The total volume that would be bought by a defined consumer group in a defined geographic area in a defined time period in a defined marketing environment under a defined level and mix of industry marketing effort. Market potential: The upper limit of market demand. Net profit percentage: The percentage of each sales dollar going to profit calculated by dividing net profits by sales. netprofit Net profit percentage = netsales Net marketing contribution: A measure of marketing profitability that income only components of profitability controlled by marketing. Marketing return on sales: The percent of net sales attributable to the net marketing contribution calculated by dividing net marketing contribution by net sales. APPENDIX-3 53
  • 54. Marketing field is booming with nearly a third of all Bangladesh now employed in marketing related positions. Marketing salaries may very by company, position, and region, and salary figures change constantly. In addition, because of the consumer and product knowledge .I will gain in these jobs, marketing position provide excellent training for the highest levels in an organization? Resume Tips: Resume is very important for any jobs. So, we should know the resume. 1. Communicate our worth to potential employers in a concrete manner, citing exam- whenever possible. 2. Be concise and direct. 3. Use active verbs to show I am a doer. 4. Keep our resume compact. Usually one page. 5. Format the text to be attractive, profession and readable. Marketing jobs: This section describes some of the key marketing positions. Retailing, marketing research, new product planning, marketing logistics, public relations. TO WHOM IT MAY CONCERN 54
  • 55. This is to certify that, Saiful Islam Of PrimeUniversity, MBA Program, ID No: 121020102032 Has successfully completed the Internship in our Marketing Department From November – 10, 2012 to February – 10, 2013 At R.B. Group of companies Ltd. Head Office: 10, Dilkusha C/A, Dhaka-1000 Wishing every success in his life. _________________ ________________ Subrata Kumar Nandi Shamim-Al-Mamun Deputy Director Assistant Director HRM Division Marketing Department Head Office: Jibon bima Bhaban(Level-3) 10, Dilkusha C/A,Dhaka-1000 Tel: +88-0285718345, 9554045, 7171873 E-mail: info@waltonbd.com www.Waltonbd.com www.rbgroupbd.com/ info@rbgroupbd.com PROJECT PAPER On Overall Marketing Strategy of “WALTON”Ltd. 55
  • 56. Presented By: Saiful Islam Prime University Mirpur-1, Dhaka-1216, Phone: 8014045, 8051782 56