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Tanishq: Positioning to Capture the Indian Woman's Heart

Satisfactory Essays

Tanishq: Positioning to Capture the Indian Woman 's Heart

Strategic Management Assignment

TABLE OF CONTENT

1. COMPANY DETAILS 2
2. VISION 2
3. MISSION 2
4. GOALS 2
5. INDUSTRY ANALYSIS 3
6. SITUATIONAL ANALYSIS 4
7. FINANCIALS 5
8. COMPETITOR ENVIRONMENT 7
9. INTERNAL CIRCUMSTANCES: 9
10. SWOT Analysis: 9
11. CHALLENGES 10
12. STRATEGIC RECOMMENDATION: 11
13. RECOMMENDATION 12
14. Overall Analysis 12
REFERENCES 13

1. COMPANY DETAILS

Company Name (background): TANISHQ

Type A subsidiary of TITAN Industries
Founded 1995
Employees 1,100
Headquarters …show more content…

The conservative segment perceived Tanishq as “too expensive, cold, snobbish and not for me”.
6. SITUATIONAL ANALYSIS

External environment F=Favorable / UF=unfavorable Porter 5 forces S=Strong / M=Medium / W=Weak
Social/cultural F** Buyers M
Demographic Trends F** Suppliers S
Economic Trends F Rivals M
Political/Legal F Substitutes S
Technology Trends F*** Threat of new entrants M
Global UF****
Overall general environ. F Overall Competitive environ. M
Notes:
*For gem-studded jewelry: Moderately favorable as there is a visible change of tastes in urban areas.
For Plain jewelry: Highly favorable due to legacy of TATA brand and 80% of total market.

** For gem-studded jewelry: Favorable as 57% of population wants to keep a balance between gold as investment vs adornment. Increased in per capita income is a positive indicator as well.
For Plain jewelry: Favorable in rural areas and low-income areas where buying power lies with husband who perceive gold as investment.

***For both segments, Tanishq supply chain network, Karighar Park and reduced logistic costs and lead time are highly favorable.
For gem-studded, situation is highly favorable as there is no competition in contemporary designs at national level

****For Gem-studded jewelry: Not Favorable due to barriers of entries and high pace of design changes.
For Plain jewelry: Not Favorable.
7. FINANCIALS
7.1. TANISHQ FORECASTED

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