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Marketing MasterMind Magazine :
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This article presents a fictional narrative set in a real context, to drive home the concepts and applications of marketing strategy from a positioning perspective. It explains the various steps taken by a young woman entrepreneur to develop her business. She planned her strategy along three lines: customer development, customer benefit and customer relationship management. It focuses on her ambitious plans to satisfy the customers by making them understand the perceived value of pets.

 
 
 

Ramalingam was a traditional industrialist involved in the manufacture of coconut oil. He had a very successful business practice in the coastal town of Tuticorin in Tamil Nadu. Tuticorin is a harbor town and has many huge industrial and other establishments like Tuticorin Thermal Power Station, Southern Petrochemical Industries Ltd., Tuticorin Alkali Chemicals and Fertilizers Ltd., Kilbum Chemicals, Madura Coats, a harbor, a host of leading C&F and logistics companies and a well-developed Small Industries Promotion Corporation of Tamil Nadu (SIPCOT) complex. The people of the town are usually hardworking and traditional. The host of companies had given rise to a large mobile population of technocrats. The industry based population was heterogeneous comprising engineers, top management people, technicians, workers, etc.

Mr. Ramalingam had only one son, a technocrat who was employed in Chennai. Though he had a turnover running into crores of rupees from his oil business, he wanted a profit-making leisure business. He started an exclusive pet shop which is a general category shop dealing with pets christened as "Pet World". After a year, when he found that the pet shop did not make much of a profit, he decided to close down or sell off the shop. At that time, his son who had been on a short outside-work experience, had returned to take care of the family business. Mr. Ramalingam's daughter-in-law Vimala was a veterinary doctor who had a natural interest in pets, especially dogs.

Pets are an evergreen passion for people. However, the inclination to own a pet is decreasing nowadays among people because of reduced garden space, increase in nuclear families, a fast-paced life and reduced availability of domestic help to do household chores. This evidently resulted in the pet shop not making profits. The problem was to look at the ways and means of making the pet shop business viable.

 
 
 
 

Marketing Mastermind Magazine, Market Creation, Marketing Strategy, Customer Relationship Management, CRM, Small Industries Promotion Corporation of Tamil Nadu, SIPCOT, Organizational Cultures, Management Styles, Brand Communities.