Post on 06-Jul-2015
Contents
What are MNC’s?
Is there an Indian Consumers?
How MNC’s have attracted INDIAN consumers?
Examples:
1. Samsung
2. LG
3. P&G
4. Coca-Cola
5. Lays
6. Kurkure
7. McDonals
Conclusion
What is a Multinational corporation?
A multinational corporation (MNC) or multinational enterprise (MNE) is a corporation enterprise that manages production or delivers services in more than one country. It can also be referred to as an international corporation. They play an important role in globalization.
? ?
Is there an “INDIAN” CONSUMER?
? ? ?
...YES
Given the distinctly unifying realities in this multicultural, multilingual, multi religious society called INDIA.
Every Indian lives with multiple identities
I am BENGALI…
I am HINDU…I am PUNJABI…
I am MUSLIM…
I am MADRASI…
But I speak English and I am an INDIAN…
How MNC’s have attracted INDIAN consumers?
With developed world markets becoming increasingly saturated, multinational corporations (MNC’S) have turned to emerging economies such as India as key location for further growth.
Low-income markets in emerging economies present both tremendous opportunities and unique challenges. The eight resources considered most important for success by the MNC affiliates are-
• BRAND
• BUSINESS NETWORK
• DISTRIBUTION NETWORK
• EQUITY
• MACHINERY AND EQUIPMENT
• MANAGERIAL CAPABILITY
• MARKETING CAPABILITY
• TECHNOLOGY KNOW-HOW
SAMSUNG
Various promotional schemes such as:
-Samsung phod k dekho offer in 2001
Sales of 2.75 bn from this offer
-Phir se phod ke dekho offer in 2002
Sales of Rs. 380 crores.
-2003, Samsung rang se kismat offer.
LG
-LG came out with the Hindi and regional language menus on its TV
-Introduced the low-priced “CINEPLUS” and “SAMPOORNA” range for the rural markets.
-LG was the first brand to introduce gaming in TVs. In continuation of its association with cricket, LG introduced the cricket game in TVs.
P&G
P&G is one of the world’s biggest advertisers. The company spent nearly $9 billion per year to advertise its products.
-WHISPER “money back”
-P&G invests heavily in innovations, outspends the competition in R&D, and targets emerging markets with growth potential. But to execute, P&G is redoubling emphasis on its culture and values.-GILLETTE
Indian Ambassadors of Proctor and Gamble:-Olay: Sushmita sen and Kajol
-Pantene: Lara Dutta, Shilpa shetty
-Head & Shoulders- Kareena Kapoor, Preety Zinta
COCA COLA
CCI’S Rural marketing strategy
-CCI, s rural marketing strategy was based on 3 A,s-
AVAILABILTY
• Availability emphasized on availability of product to the consumers.
AFFORDABILITY
• Affordability focused on product pricing.
ACCEPTABILITY
• Acceptability focused on convincing the consumer to buy the product.
MAGGI
NOODLES SAUCEHEALTHY SOUPS
COOKING AIDS
LAYS
Chaat street
Bhelpuri style
Chaat street
Bindas chat style
INDIA’S
Lime ‘n’ Masala
KURKURE
Hyderabadihungama
Punjabi garammasala
Bengali jhaal
Green chatni
Masala munch
Red chillichatka
Mumbai chatpataa
MC Donald
Mc aloo tikkiburger Paneer wraps Pizza Mc Puff
Mc spicy paneer
Ice creamChicken Maharaja Mac
ConclusionMNC’s go through Proper market analysis-investing huge
Effective branding and
packaging
-Standardization
of product
Market research
-Consumer’s preference-ability and
willingness to buy
-Recent trend-how to launch
innovative product of the
same line?