handicrafts (pakistan)
DESCRIPTION
The project is about handicrafts in PakistanTRANSCRIPT
FINAL PROJECTBRAND MANAGEMENT
Syed Fawad Hussain MBA (Marketing)Bahria University
HANDICRAFTS“The product made with or without the use of tool, simple implements or implements operated directly by the craftsman, by hand or foot, having traditional or artistic features driven from the geographical cultural peculiarities of craftsman, and generally on a small or cottage industry and not on mass production basis”.
HANDICRAFTS Handicrafts are the most striking expressions of the
individualities of Pakistan regional’s identities.
Pakistani handicrafts is the integrated part of the Pakistani culture.
Eighty different kinds of handicrafts are produced in Pakistan.
Quality of craftsmanship has been diminishing.
Need of development and promotion in this sector.
RAWAJ
Start its operations on the first week of July, 2011.
Deals in all fields of handicrafts especially in Carpet, Jewelry & Metal, Brass, Wooden work.
TAG LINE
We value our traditions, we design the skills
MISSION STATEMENT
“To provide exclusivity, variety and quality standards and therefore to create a mark within and outside the country”
VISION STATEMENT
“To provide best quality products in order to get the maximum market share and come up with the customer’s expectations”
CORE VALUES AND PHILOSOPHY We seek to deliver on our promise of value and
quality above all else.
Customer satisfaction through offering high quality products with exceptional service and good value.
Be topical, not typical.
More emphasis placed on the caliber and training of frontline people.
We expect fairness and mutual respect in all our activities.
OBJECTIVES AND GOALS Achieve maximum customer’s satisfaction and
customer’s loyalty.
Provide uniqueness and style with comfort.
We will seize every opportunity to innovate and lead the industry on behalf of our customers.
Earn revenue.
SUCCESSFUL OR NOT?
We are very much confident that our business plan will lead us to the top most steps on the ladder of success.
Because:
• A whole new idea.
• Large target audience.
• Customer oriented.
• Results of the survey match our expectancies.
• Good management team
• Plan is very much realistic so results are also expected to be close to real.
• Providing diversity, culture knowledge and feeling of being proud of representative of a hometown.
MARKETING STRATEGY
Our marketing strategy will allow us to communicate our brand values, develop close working relationships with our customers and suppliers to identify the needs of our customers in an effective manner. Continued differentiation and growth are two goals, we have set for ourselves.
COMPETITORS
Haroon’s
Illusion
Khussa Mehal
COMPETITIVE STRATEGY
Advantages
Small numbers of competitors.
Existing competitors are not providing a diversified range of products and services.
Disadvantages Difficult to price ourselves competitively when we
first enter the market.
Terrorist activities.
TARGET CUSTOMERS Upper & Middle class
Foreigners
PRODUCT Art metal ware
Brass items
Wood ware
Hand printed textiles and scarves
Embroidered goods and clothes
Shawls as art wares
Zari and Zari goods
Jewelry and Carpets
Leather footwear
Miscellaneous handicrafts
PLACEThe business site is located in the aristocratic sector F-7 Markaz Islamabad.
Key features
Basement
Huge parking facility
Easily accessible
Availability of power and utilities
Easy approach for suppliers
PRICE The price of our products depends on the quality,
nature and size of the product.
Special discount will be offered in case of big order.
The price range of our all products is from Rs. 200 - Rs. 50000.
PROMOTION Word of mouth strategy
Advertisement through electronic and print media
Commission to the selling agent
For our special customers, who purchase bulk quantity, we offer 10% discount on sale.
www.rawaj.com.pk
Marketing strategy will consists of implementing time tested tactics while testing new tactics to specific audience.
Our advertising agency will be EVERNEW CONCEPT.
New marketing tactics will focus on utilizing more technology based platforms to reach the customers.
Strategic plan for 3 months is as follows
January
• Start working on the website
• Starting e-mail campaigns
• Making advertisements
PROMOTIONAL STRATEGY
February
• Issues pamphlets and brochures
• Sending advertisements in print and electronic media
March
• Final e-mail campaign
• Organizing events and activities
• Launching our new website
Deadline
June, 6 for media plans
PROMOTIONAL STRATEGY CONTD…
SWOT ANALYSISRAWAJ is well positioned to leverage its strengths and address reasonable threats, weaknesses, and opportunities.
The slides below highlight these Strengths, Weaknesses, Opportunities and Threats.
SWOT ANALYSISStrengths
A new idea introduced into the market. Availability of skilled persons. Easy and cheap availability of labor and raw
materials. Demand in both the domestic and foreign
markets for the handicrafts of Pakistan. Rich craft heritage. Willingness among women to work.
SWOT ANALYSIS Weaknesses
Lack of support from the government
Lack of marketing opportunities which give rise to exploitation.
Shyness and lack of confidence of women to market their products.
Lack of affiliation with oversees handicrafts organizations and trade related associations.
SWOT ANALYSISOpportunities
Potential domestic and export markets.
Potential for Product diversification.
Linkages with large industry to enhance the efficiencies of the crafts sector.
Training to upgrade skills and pass on traits to the coming generations.
Potential women entrepreneurship development especially in rural areas.
SWOT ANALYSIS Threats
Competition is on the rise from the domestic markets.
Rising costs of utilities and raw materials.
Unethical business practices.
Economic turndown.
Government policies.
CONCLUSION RAWAJ is an innovative concept of targeting the
market.
The marketing plan is tied closely to the overall financial and business plan.
We have tried hard on focusing the psychological aspect of advertising.
We aim to be a leader in providing quality products that fits into the minds and hearts of the people.
CONCLUSION CONTD…
Pakistan has a rich history of handicrafts. The entire wealth of timeless Pakistani handicrafts have survived through ages. The legacy of Pakistani culture promises everything- beauty, dignity, form and style. These handicrafts radiate an aura of glory, exhibit hereditary skills and show painstaking craftsmanship.
THANK YOU