Jeet - 34 Draft 2 PDF
Jeet - 34 Draft 2 PDF
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Jeet_34.pdf
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Feb 21, 2024 11:07 AM GMT+5:30 Feb 21, 2024 11:08 AM GMT+5:30
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Summary
PROJECT ON :
SUBMITTED BY
JEET THAKKAR
PROJECT GUIDE
C.A. SWATI GUPTA
1
SR PARTICULARS PAGE
NO. NO.
1. INTRODUCTION TO ORGANIZATION
2. OBJECTIVE OF MY STUDY
4. WORK CULTURE
8. ADVERTISING IN RETAIL
9. 3C REPORT
11. COMPETITORS
2
14. BCG MATRIX
15. SUGGESTIONS
18. CONCLUSION\
19. BIBLIOGRAPHY
20. ANNEXURE
3
INTRODUCTION TO THE ORGANIZATION
21
• At the moment, Vivo employs 20,000 operators, and four R&D facilities
located in Dongguan, Shenzhen, Nanjing, and Chongqing house 3,000
engineers. From the creation of hardware to software (the Fun Touch OS
4
for Android), Vivo has created a comprehensive and long-lasting
11
ecosystem.
The phone world has changed a lot! People used to just have regular phones,
but now smartphones are the big thing. This means folks have different
ideas about what they want from their phones. So, to figure out what people
want and how to make better phones, I didn't just look at how Vivo sells
their phones. Instead, I checked out what other phone companies are doing
too. I wanted to understand what's going on in India with phones, not just
what Vivo is up to. By comparing Vivo's phones with others, I could see
how Vivo is doing in the market. I also looked at where Vivo's phones are
being sold and how well they're doing there. This helped me get a good
picture of what Vivo is doing right and where they might need to improve
to sell more phones. So basically, I didn't just focus on Vivo; I looked at the
big picture to understand how Vivo fits into it all.
5
Objective of my study
6
• To comprehend the marketing strategies employed by the Vivo Company
1
INDIAN HISTORY OF VIVO
Released in India in December 2014, the X5 MAX was dubbed the "world's
slimmest phone." Its head office is in Delhi. Since building is currently
underway in Gurgaon, Delhi, Vivo will soon be made there. It intends to
capture 6-7 percent of the Indian market by 2017, and in only three months,
it has already taken up 21% of the market there.
7
TYPES OF ORGANIZATION
The industry has entered the smartphone age, and as a result, customer
perceptions and expectations of mobile devices have shifted dramatically.
To address this, BBK introduced the "vivo" smartphone brand, which would
serve as the centrepiece of their next marketing campaigns. Serving as a
corporate brand for the new Vivo brand, BBK has a solid track record of
production skills and consistent quality. These days, Italian opera is
growing more and more popular, and we can never express how astounded
and fascinated we are by the masterworks of artists like Puccini and Verdi.
Thus, the term "vivo" has been employed, adding connotations like the
vitality and similarity of extraordinary artists to vivo.
Simply said, vivo not only conveys "dynamics and vitality," but it also
conveys our sincere admiration for heroes, works of art, and similar
creations. The first reaction we get when we see the birth of is its simple yet
archaic sound.
8
WORK CULTURE
9
1
Organization Characteristics of a work Culture in Sadguru Vivo
mobiles:
• There is friendly interaction amongst employees.
MISSION
CORE VALUE
“Vivo India general business principles describe our group’s core values,
responsibilities and the principles and behaviour by which we do business”
10
VISION
“To become a healthy world
–class enterprise for long”
14
VALUES
CEO
6
Obligations of the establishment Depending on the legal structure of the
company, the board of directors or another authority may appoint the CEO
or MD. They are usually codified in an official delegation of authority and
1
might be very broad or very narrow. The CEO/MD typically serves as the
director, decision-maker, manager, executor, and leader. The press and the
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general public, in addition to the management and staff of the organization,
6
can all be involved in the communicator function; high-level decisions
regarding strategy and policy are part of the decision-making role. As the
company's head, the CEO or MD inspires staff, provides advice to the board
11
of directors, and promotes change inside the company. in the capacity of
manager.
• In 2012, OPA2604 amplifying power was integrated into the world's first
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Hi-Fi smart phone, the X play. The world's first Hi-Fi smart phone with an
inbuilt ES9018 decoding chip was the Vivo X3 in 2013.
14
• The Xplay3s, a 2K display Hi-Fi music smartphone with exceptional
display performance, was released in 2013.
12
• In 2015, the ultra-slim and highly hi-fi variant X5Pro was released.
• In 2015, Vivo India opened its first production facility in Greater Noida
as part of the Made in India initiative.
20
• In conjunction with the start of the VIVO IPL 2016, Vivo India introduced
the V3/V3Max with a Faster Fingerprint Unlocking System and Camera
Capture.
8
•2016, the V5/V5Plus, the first 20 MP Moonlight Selfie Camera in the
world
Vivo chose the route of globalization and advanced, becoming accredited
in more than 100 nations and regions since 2011. Vivo is currently available
in the Philippines, Vietnam, Thailand, Malaysia, Indonesia, and India.
service locations all throughout the nation. One of the Indian companies
with the quickest growth is Vivo.
13
1
MARKETING STRATEGY
14
Promotional strategies can be contrasted based on the level of control,
adaptability,
1
THE FOUR IMPORTANT TYPES OF MARKETING MIX ARE
DISCUSSED BELOW
1. ‘Product’ Mix
Each company consist of many product lines. A company's "product line"
is the range of goods it manufactures or carries in store. It's a large category
of goods with comparable features and intended applications. The
collection of all the goods that a business sells is known as its product mix.
It speaks about the breadth, depth, and consistency of a company's product
1
lines—the number of goods in the line.
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2. The ‘Price’ Mix
15
One of the most significant factors in retail purchasing decisions has always
been price. It is the element that elevates or detracts from a retail
establishment. It can be changed the quickest and easiest of all the elements.
Pricing aids in an organization's goal achievement. This is especially
important for new players in the market, who must first build a brand before
reaping the rewards of rising sales as their brand gains traction. The primary
motivator for a customer to visit a specific store is price. A pricing plan
needs to be stable over time and take into account the overall positioning of
the shop, sales, profitability, and a suitable rate of return on investment. The
best price isn't always the lowest one; often, the ideal price is the one that
is most responsibly priced.
36 3
In order to maintain their market position and thrive, merchants must
prioritize cash flow, profitability, and overall growth. However, price
cannot be decided upon in a vacuum. The establishment of the retail price
3
takes into account both costs and operating expenses equally. Because
servicing pricing adheres to the "doctrine of pricing of goods," it can be
either market- or cost-based. This includes pricing that is focused on
competition, consumers, government regulation, or profit. Prior to really
deciding on pricing, a few factors must be taken into account. customer
opinion, the product's life cycle stage, the tactics of competitors, and overall
It is necessary to take into account the product's market position and
marketing plan.
16
3. The ‘Place’ Mix
The vendor must remember that his "product" needs to be accessible close
to the point of consumption in order for customers to purchase it with ease.
Should the customer's favorite brand be difficult to get in a handy place, he
may choose to purchase a different brand within the same product category.
As a result, the store must make sure that the desired customer base can
always find the goods. Place is made up of two main parts: physical
distribution (logistics management) and marketing channels. Channel
decisions need a long-term resource commitment and have a significant
impact on the marketing mix's components. Since the intermediaries in a
channel network are separate, sometimes contractual entities, it is important
to consider their requirements while assessing the available channels. To
get the most out of marketing activities, there needs to be a great deal of
coordination between the many channels. A strong distribution network is
3
crucial to the success of marketing initiatives. Transportation, warehousing,
material handling, bulk packing, and other activities are part of physical
distribution. Intermediaries are involved in some of these activities. To
achieve the best possible outcomes from marketing operations, there needs
to be a great deal .
17
4. The ‘Promotion’ Mix
1
(i) Cost of the method
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(iii) Degree of flexibility
(iv) Credibility
ADVERTISING IN RETAIL
What is advertising?
19
•The shopkeeper works hard to promote his brand among the public through
a variety of promotional methods in an effort to get people to visit the store
more frequently.
•For the tagline to have the desired effect, it must be succinct and powerful.
• It must be memorable.
• It should be easy to commit to memory.
Modes of Advertising
• Nothing is more effective than using billboards, hoardings, banners, and
signboards to promote a brand in well-chosen locations such as bus stops,
train stations, busy areas, busy intersections, around movie theaters,
residential neighborhoods, and so on. Another name for this type of
advertising is "out of home" advertising. A strategy for influencing people
when they are not at home is out-of-home advertising. The hoarding needs
to be put up at a height where everyone can see it, even from a
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distance.Make sure it draws people's attention as they pass by and
encourages them to come into the store.
It should provide the information in the intended form and be kept simple
so as not to confuse the clients.
3C Report
COMPANY PROFILE:
Established in 2009, Vivo is a smartphone company based in China.The
company's main office is in Dongguan, Gaungdong, China.In China, its
market share is 40%. It operates in numerous nations, including China,
1
Indonesia, Thailand, India, Malaysia, and Myanmar. It arrives in India in
2014, and on March 12, 2015, it introduces its product in Bhubaneswar.It
acquired 6% of the Bhubaneswar market in just three months.
The promotion team is our immediate operating team, and our company
lead is Mr. SatyakamPanda, the firm's event manager.
21
Product Positioning
Vivo produces sleek smart devices with high-quality audio, vivid visuals,
targeting active, youthful, and stylish urban demographics.
Each zone has a promotion team comprising a team leader (TL) and
promotional executives.
Vivo positions its products using marketing staff and techniques like
canopies, mascots, and arc gates at large shopping centers and universities
across the five zones.
22
Vivo has an extremely effective distribution network. Vivo employs a three-
tiered channel, with the regional office, distributor, and retailer at the top.
24
KIOSK MARKETING
• One or two people often staff a kiosk to assist draw attention to it and draw
in new clients.
• The word refers to fresh stalls, beverage stands, and freestanding carts
whose sellers offer a variety of goods.
25
11
MARKETING AREAS OF VIVO MOBILES
1
•Drew a large number of visitors who stopped by the kiosk to learn more
about the Vivo smart phone.
Vivo has set up a marketing kiosk in campuses, thus it is also aiming its
marketing at college-age individuals.
•Increasing sales and raising product awareness are the goals of this.
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DIRECT MAIL MARKETING
Direct mail marketing and email marketing are types of advertising that aim
to reach specific individuals. They use lists of names to increase the chances
of getting a response.
27
PROMOTIONAL MARKETING
Six times more than the previous contract, the company paid Rs2,199 crore
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($315 million) to purchase the Indian Premier League's (IPL) title
sponsorship for the 2018–22 season.And it appears that the staggering sum
of money spent on the cricket competition is already paying off.
28
According to the statement, Vivo more than quadrupled its sales in the first
quarters of 2018 and 2019, despite the meager 2% increase in overall
shipments reported by the Indian smartphone industry.
29
According to media, content, and technology agency Wavemaker Mesh, the
brand has become the talk of the IPL this year thanks to the #VivoIPL
hashtag. Additionally, it engaged with the 700 million+ viewers of the IPL
by hosting the #PerfectFan campaign, where victors had the opportunity to
win match tickets every day.
But expansion won't be that simple after the IPL season. "(Vivo) faces a
fierce competition in 2019 as Samsung's new offensive with the new M
series and Oppo's sponsorship of the Cricket World Cup threaten to stifle
momentum," research director Rushabh Doshi stated.
29
SWOT ANALYSIS
STRENGTH
1. Vivo has made a strong name for itself in South Asian markets.
2. Vivo maintains its reputation as a cheap brand by providing a choice of
devices at varying price points.
3. Vivo has successfully penetrated the Indian market through sponsorship
and visibility.
4. It is produced by its parent firm, BBK Electronics, which also owns
brands including Oppo
5.Vivo has been connected to major athletic occasions such as the Indian
Premier League.
6. Vivo is regarded as a cutting-edge company
7. It was the first phone to be released with a HiFi Chip.
8. More than 350 cities are home to Vivo outlets.
9. It is available in seven foreign markets.
10. Vivo prioritizes R&D
11. Vivo maintains manufacturing plants in India, Indonesia, and China.
Weaknesses
Limited Brand Awareness: Vivo lacks widespread recognition. Its main
appeal lies in affordability rather than brand recognition. [1]
Perceived Similarity: Consumers often view Vivo as similar to other brands
like Oppo and OnePlus, diminishing its distinctiveness.
30
Opportunities
Premium Smartphone Development: Vivo can venture into high-end
smartphone production to directly compete with industry giants like Apple
and Samsung.
Rebranding and Diversification: By reshaping its image and targeting a
broader customer base beyond price-conscious consumers, Vivo can
expand its market reach.
Global Expansion: There's substantial untapped potential for Vivo in
markets like the US and Europe, providing opportunities for growth and
market penetration.
Threats
Price-Driven Competition: Intense competition in the mobile sector based
on pricing poses a threat to Vivo's market share and profitability.
Regulatory Challenges: Adherence to local government regulations and
policies can create obstacles for Vivo's operations and market expansion
efforts.
TOP 5 COMPETITORS
SAMSUNG
Vivo is among the most well-known brands in China and India. BBK
Electronics, the same company that owns Oppo and OnePlus, also owns
Vivo. The flagship model offered by Vivo is the V series. The Vivo V9 was
its most recent flagship model. Although it costs the same as the OnePlus
5T, it lacks some of the phone's flagship features. The greatest smartphone
manufacturer in the world is Samsung. In comparison to Vivo, it's the finest
of the best. The greatest flagship features available on any phone are found
in its most recent flagship, the Galaxy S9. The greatest phone camera
available at the moment. It's also incredibly quick and visually appealing.
31
Vivo — Changes the phone marketing system by introducing high quality
phones in less price.
OPPO
2.Retailers are paid by these comanies to put their hordings on to there shop
from this retailer have 2 benefits first is they get money and second is their
shop looks good
3.Retailer gets packages to travel around the globe if they increase their sale
and get charged by these companies
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ONE PLUS
Comparing Oppo and Vivo is same as comparing a Gel pen with a Ball pen.
Both Vivo and Oppo are subsidiaries of parent company BBK electronics.
The only thing that separates Oppo and Vivo are pricing and camera. Vivo
manufactures phone for almost every kind of user, ranging from 5000 to
20000 INR approximately, whereas Oppo produces phones somewhat in the
range of 10000 - 40000 INR.
So, Oppo serves the users who can buy phones in medium and high price
range and Vivo serves the people who can buy in low price range.
Vivo and Oppo have both placed an excessive amount of emphasis on the
camera while keeping other aspects basic. However, when we compare, the
Oppo Find 7 has the best 50 MP camera and costs about $37,000, while the
Vivo V5 Plus costs only $19,000 to $22,000 and has a less effective camera
than Oppo phones.
However, the truth is that both phones are used to test the newest features
available on the market, with the finest ones being included into their other
brother.
33
ONE PLUS, who produces high price range and high end premium
smartphones. We can see how good the OnePlus phones are, the latest being
OnePlus 5.
XIAOMI
Since you didn't specify which Vivo and Xiaomi models you wanted to
compare, we'll assume that you want to compare both of these smartphone
manufacturers.
The poor camera quality on Redmi phones is the only thing that makes them
somewhat subpar. Personally, I don't think this allegation is entirely valid
34
because their cameras are excellent for the price range in question. For this
reason, Redmi phones could let you down if you utilize your camera a lot.
Redmi phones are equipped with two SIM slots, a good battery life, ample
storage, and an overall positive user experience—basically everything a
typical user could ask for. If you want the aforementioned features, I would
without a doubt suggest Redmi phones to you.
APPLE
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created by Oppo. Our perception of the brand is diminished by the
ostentatious advertisements we see all around us.
36
PESTEL ANALYSIS
Political factors
SocialFactors
37
finding jobs, and more. Telecommunications has become essential for most
people. Costs can go up based on where you are, how many users there are,
5
and how much people want these services. The industry's growth depends
on what customers want and new technology. Businesses use phones and
the internet to advertise, reaching people worldwide through digital
campaigns, social media, and online ads. This has led to more jobs in
telecommunications. Customer service reps help people with problems
using live chat. Professionals like writers, media managers, marketers,
5
graphic designers, and programmers are in demand to create websites and
manage online campaigns. The demand for services that are easy to use and
available 24/7 is increasing.
Technological factors
38
Legal factors
39
Environment factors
Global warming and climate change might affect how telecommunications
devices are spread out around the world. As technology improves, employees
33
need to adapt to new ways of working. This means that the things we use at
work keep changing. Sometimes, what we used before gets replaced by
something else that's considered "better" – although what's better can depend
on who you ask, like the company making it or the person buying it. The old
version becomes outdated or unnecessary. This could mean that people who
worked on the old version might lose their jobs. Customers expect telecom
companies to give them what they need, and they should. But because the
telecom industry changes so quickly, it's not always easy to know which
technologies will stick around, improve, or get forgotten about. So, companies
have to keep up with these changes to stay relevant and meet their customers'
needs.
In simpler terms, global warming and climate change could change how we use
phones and other devices. As technology gets better, people have to learn new
ways of doing things at work. The stuff we use at work keeps changing too.
Sometimes, what we used before gets replaced by something else that's
supposed to be better. But it's not always clear what's really better because it
depends on who you ask – the company or the person buying it. The old stuff
becomes outdated. This means that people who worked on it might not have
jobs anymore. People want telecom companies to give them what they need,
and they should. But because things change so fast in the telecom industry, it's
hard to know which technologies will stay, get better, or go away. So,
companies have to keep up with changes to stay in business and give people
what they want.
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LITERATURE REVIEW
The goal of this research is to look into how people in Hawassa Town
make decisions about "purchasing mobile phone equipment."
According to this survey, consumers consider price to be the most
significant factor when making a mobile phone purchase decision,
with features coming in second. Price also serves as a driving force
behind these decisions. According to the study, mobile phone
vendors ought to Take into account the aforementioned elements to
9
compare the opportunity. This study set out to look at the underlying
elements that influence people's decisions to buy mobile phones.
42
3. Juwaheer, Thanika Devi (2012):
The Analysis has shown that when choosing mobile phones, young
users consider price to be a major factor. The analysis's findings also
indicate that perceived brand value and top of mind awareness are
important considerations when choosing a mobile phone. The results
also revealed the features of mobile phones and how the lifestyle of
young customers influences their choice of phones.
43
4. S.M. Hasan: (2011)
The current study aims to explore the different "mobile phone purchase
behaviour" in the state of Uttarakhand. I've discovered that the focus of the
study should be on how satisfied customers are with various mobile phone
models. A total of 306 respondents were conveniently picked from various
parts of the state of Uttarakhand to participate in the study. Conclusion:
Understanding "what the customer thinks" and
44
6. Soomro, Hassan Jawad (2009):
45
7. Dziwornu, Raymond K. (2007):
35
In the Greater Accra Region of Ghana, the "factors affecting mobile phone
buying decision" are detailed in this article. The majority of respondents
who were interviewed utilised the two primary phone brands identified by
the descriptive statistic. The binary logit regression model's outcome
showed that cutting-edge technological aspects like internet browsing and
the robustness or quality of a mobile phone
The two primary elements that are most likely to have a favourable and
9
substantial impact on the choice to buy a mobile phone are handsets.
Using the binary logit regression model, this study examined the variables
12
influencing mobile phone purchasing decisions in the Greater Accra Region
of Ghana. According to the report, the majority of respondents who stated
they planned to buy new phones were men, between the ages of 21 and 30,
single, and had acquired schooling through the postsecondary stage. The
12
study also reveals that advanced technology features and the robustness or
quality of mobile phones are the two primary elements that have a major
impact on mobile phone purchases in the study area.
8. S. Sukumar (2006)
The current study aims to investigate how "consumer awareness connects
to the utilisation of mobiles" in a descriptive manner. The study comes to
the conclusion that there is a correlation between mobile awareness and
socioeconomic characteristics. The majority of users wanted their phones
to be water resistant and to have more features; they also wanted their
phones to be free of issues and have less negative effects on their health.
But given the current competitive
46
The promotional strategies are probably implemented Free or inexpensive
accessories, affordable prices, a service centre and replacement parts
availability, a mobile insurance plan, a mobile safety locking system, a
mobile exchange system, the best possible customer support, etc.
investigated how consumers perceive the value they derive from using
smartphones on a daily basis and how mobile marketing, or m-marketing,
may enhance these perceptions. The findings include methods for
customising m-showcasing processes to enhance buyers' perceptions of the
worth value provided by their astute phones."
10.Kotler and Armstrong (2001)
state in their hook that age, salary, perception, and adaptability are the
primary variables that differentiate one consumer from another. Due to
this demographic diversity, marketers are better able to evaluate how
their products are perceived by their target audience, and customer
segments are created as a result.
47
18
BCG MATRIX
The BCG matrix, also known as the Growth/Share Matrix, is a tool made
by the Boston Consulting Group. Its purpose is to help companies plan for
the future. By looking at all the products a company sells, it helps them
decide which ones are doing well and which ones need some work. This
13
helps the company figure out where to put their time and money. The
BCG matrix divides products into four categories: stars, cash cows,
4
question marks, and dogs. Stars are products with high growth and high
market share, cash cows are products with high market share but low
growth, question marks are products with low market share but high
growth potential, and dogs are products with low market share and low
growth. By putting each product into one of these categories, the company
4
can decide what to focus on. They might want to invest more in stars and
question marks to help them grow, while maybe cutting back on dogs or
improving them. This way, the company can make smart decisions about
48
where to spend their resources to make sure they stay successfu
28
Dogs: These are products that have low growth potential and a small
market share. They might not be performing very well in the market
compared to other products.
19
Question marks or Problem Child: These are products situated in high-
growth markets but have a low market share. They have the potential to
grow but face challenges in gaining a significant portion of the market.
49
23
Stars: Products in this category are positioned in high-growth markets and
have a high market share. These products are performing exceptionally well
and have the potential to continue growing.
27
Cash cows: These products are in low-growth markets but have a high
market share. While they might not have much room for growth, they
generate significant revenue due to their dominant position in the market.
50
SUGGESTIONS
1. SUGGESTIONS ON PRODUCT :
Vivo should put quality first, innovate to set its devices apart, and focus
on the intricacies of both design and functioning if it wants to improve
the range of products it offers. It is essential to spend money on R&D to
create better technology and user experiences. Vivo can differentiate
itself further by enhancing photographic technology and guaranteeing
unique, fashionable looks. Vivo needs to produce 5G-capable
smartphones faster in order to be competitive as the 5G era draws near.
Vivo can increase brand loyalty, draw in more customers, and solidify
its place in the market by concentrating on these factors.
2. SUGGESTIONS ON PRICE:
When releasing new models, VIVO has the ability to slightly reduce the
cost of its older versions. In order to change consumers' perceptions of
VIVO mobile phones as being expensive and having low configuration,
2
the company needs to improve the quality of their phones to the point
where it is commensurate with their pricing.
3. SUGGESTIONS ON PLACE :
51
strengthen customer loyalty to a brand. Together, these actions fortify
Vivo's online and offline presence, promoting favourable customer
experiences and accelerating sales growth.
4. SUGGESTIONS ON PROMOTION :
52
PRODUCT LIFE CYCLE
1. Introduction
Sales revenue grows at a very slow rate in the early stages of a product's
introduction into the market. Due to our low sales volume, high production
and distribution costs, we might not be making a profit.
2. Growth
The rate at which sales turnover is increasing is extremely fast during the
expansion stage. Profits are growing more quickly as well. Despite the
rivalry, our income and sales may be increasing.
The company prioritizes sales volume over quality upkeep, which may
come in second. Efficiency in manufacturing and delivery is essential for
marketing success. At this point, advertising and efficient distribution are
seen as essential components.
53
3. Maturity
In order to combat competition and boost demand, marketers must use more
advertising and sales promotion. At the mature stage, overall marketing
performance takes center stage.
4. Saturation
When every possible customer has used the product and there are only
replacement sales, the market reaches saturation. When consumption
reaches a steady state, marketers are forced to focus only on competing for
market share, which requires spending more money on advertising. Prices
could drop quickly, and if the company doesn't make significant
improvements and generate cost savings, profit margins could shrink.
5.Decline Stage
Upon reaching the peak or saturation point, the product will eventually go
into the decline phase. It might eventually give way to a fresh innovation.
Sales drastically decline, there is less competition, and even then the
product cannot compete in the market.
Other fresh technologies may force it out of the market due to its pricing.
At this point, price takes center stage as a means of competitive advantage,
and we must drastically cut back on our spending on marketing and sales
promotion. Controlling costs becomes essential to making money.
54
55
DATA ANALYSIS AND INTERPRETATION
Q1.
Interpretation
56
Q2.
Interpretation
Out of 66 respondents
57
Q3.
Interpretation
Out of 66 respondents:
58
Q4.
Interpretation
Out of 66 respondents:
54.5% respondents are aware about the brand vivo
33.3% respondents are not aware about the brand vivo
12.1% respondents are not sure if they are aware about the brand.
59
Q5.
Interpretation
Based on the 66 responses to the survey:
A noteworthy current user base is indicated by the fact that 25.8 percent
have owned or used a Vivo device in the past.
Significantly more people—63.6%—than ever before had neither bought
nor used a Vivo device, indicating a potential market expansion among this
group.
10.6% of respondents are unsure if they have ever used a Vivo product,
underscoring the need for improved product identification or brand
awareness.
Ultimately, even if Vivo has a share of the market, there is still a large
amount of unrealized potential among people who haven't used their
devices. Enhancing the visibility of the brand and resolving doubts may aid
Vivo in growing its clientele.
60
Q6.
Interpretation
Out of 66 respondents:
15.2% respondents are not sure if they use vivo as their primary phone.
61
Q7.
Interpretation
The fact that 47% are indifferent suggests that there aren't many strong
feelings.
But 13.6 percent had a poor opinion of Vivo's marketing, and 1.5 percent
have a very bad opinion.
62
Q8.
Interpretation
According to the poll results, 51.5% of participants think Vivo products are
fairly priced, indicating successful pricing tactics.
Nevertheless, 21.2% think Vivo goods are too expensive or not worth the
money.
This emphasises how important it is for Vivo to handle price issues in order
to gain a more impartial view from customers. To reduce mistrust and
increase market share, price methods could be adjusted or product value
communications improved.
63
Q9.
Interpretation
Out of 66 respondents
64
Q10.
Interpretation
Out of 66 respondents:
65
Q10.
Interpretation
71.2 percent of respondents see Vivo's robust online presence as its key
differentiator, underscoring the importance of digital platforms in
contemporary marketing tactics.
66
All things considered, Vivo's differentiation approach seems to rely on a
mix of branding, focused advertising, and
Q11.
Interpretation
The vast majority of respondents (68.2 percent) think favourably of Vivo's
marketing approach, meaning it has a big impact on them. This implies that
a sizable section of Vivo's target demographic finds resonance in the
company's marketing activitiesA sizeable minority of respondents (27.3%),
on the other hand, feel that Vivo's marketing approach has no discernible
31
effect on their perception. This suggests that in order to reach a larger
audience or handle particular issues, Vivo may need to adjust its marketing
strategy or make some improvements.
Just 4.5 percent of the participants indicated that they were unsure about
Vivo's marketing strategy's impact. This implies that Vivo's messaging
might not be entirely clear or consistent, or that some respondents might
not understand it.
67
CONCLUSION
Chinese brand Vivo made its debut in India on December 25, 2014.On
March 12, 2015, it introduced its product in Bhubaneswar. It faces fierce
competition from other companies and is new to the Indian market.
Therefore, no business can depend solely on one direct marketing strategy
1
in this kind of competition. Given that BTL is more effective than ATL,
Vivo should reevaluate its marketing plan and allocate more advertising
funds to BTL (ideally in proportion to each channel's relative success).
Installing canopies in retail spaces, marketplaces, and shopping centers will
undoubtedly produce excellent outcomes.
30
We cannot afford to undervalue the significance of ATL initiatives; while
they might not be as successful, they nonetheless spread awareness of
brands across a wider audience. As we've already shown, there's a strong
correlation between brand recognition and customer base. Vivo should
reevaluate its plans to invest a sizable sum of money in print media, as it
had a very bad performance. Instead, those funds ought to be carefully
allocated to the installation of more hoardings and banners.Although Vivo
is a Chinese smartphone manufacturer, its products are of higher quality
than those of other Chinese smartphone manufacturers. Fun touch operating
system and hi-fi capabilities make Vivosmart phones popular.
This article has examined VIVO mobile phones' marketing strategy from
four angles: product, price, place, and promotion. It has also provided
recommendations based on the issues and difficulties that VIVO mobile
phones confront.
The primary demographic that VIVO mobile phones cater to is young adults
2
between the ages of 18 and 30. In the market, VIVO has positioned itself as
a chic and distinctive mid-range and high-end mobile phone brand. In order
to satisfy consumer demand for cameras, VIVO has constantly upgrading
its own technology and goods. VIVO has also been attempting to improve
68
the aesthetics of cell phones. VIVO aims to enhance its mobile phone
capabilities in tandem with other phone makers by releasing new features
as soon as feasible.
VIVO mobile phones are priced between those of mid-range and high-end
smartphones in terms of pricing approach. VIVO phones are relatively more
expensive when compared to other similar items in the mobile sector. The
prices of various series vary.
VIVO employs a range of mobile marketing channels when it comes to
2
place strategy. It works with the operators, permits agents to sell its phones,
opens VIVO stores, joins reputable mobile chains and major appliance
chain businesses, and creates online marketing platforms to meet the
demands of various customer segments.
Eight components comprise the VIVO mobile phone promotion strategy:
2
advertising slogans, celebrity endorsements, Weibo and WeChat marketing,
advertising production, sponsorship and embedded marketing, building a
sophisticated and fashionable brand image, and offline marketing.
VIVO is dealing with issues related to four different strategies: place, price,
advertising, and product strategies.
VIVO's marketing initiatives have allowed it to grow both its market share
and brand awareness. But there is a lot of rivalry in the mobile space.
Nowadays, there is little desire among consumers to upgrade from their
outdated phones to new ones.
Furthermore, there exist certain issues with VIVO's marketing techniques.
In this regard, VIVO must enhance and optimise its corporate marketing
approach if it hopes to advance.
The end determinant of an enterprise's ability to survive and grow for an
extended period of time is its product. In addition to building a sophisticated
and fashionable brand image, VIVO needs to raise brand awareness. TV
shows and movies should creatively incorporate VIVO advertisements, and
the company should sponsor a respectable amount of programmes that align
with the brand image. VIVO will only be able to outperform its aggressive
competitors by coordinating the creation and maintenance of its channels,
brand building, ad placements, and product improvements.
69
BIBLOGRAPHY
• https://in.linkedin.com
• http://www.vivo.co.in
• http://www.vivoglobal.com
• www.wikipedia.com
70
ANNEXURE
7
Q2. GENDER:
• MALE
• FEMALE
• OTHERS
Q3. AGE:
• BELOW 20 YEARS
• 20-25 YEARS
• 26-30 YEARS
• 31-35 YEARS
• ABOVE 35 YEARS
71
Q6. DO YOU OWN A VIVO DEVICE (OR) EVER USED IN THE PAST?
• YES
• NO
• MAYBE
72
Q11. HOW OFTEN DO YOU ENGAGE ACTIVELY WITH VIVO’S
MARKETING CAMPAIGNS OR PROMOTIONS ?
• QUITE OFTEN
• NOT SO OFTEN
73
Q14. HOW DOES VIVO’S MARKETING STRATEGIES INFLUENCE
YOUR PERCEPTION OF THE BRAND AS COMPARED TO OTHER
SMARTPHONE BRANDS ?
• POSITIVELY
• NEGATIVELY
• NO SIGNIFICANT INFLUENCE
• NOT SURE
74
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