20104182-tanishq-jrm-Case-Study

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Tanishq: Positioning to Capture the Indian Woman’s Heart : 

Tanishq: Positioning to Capture the Indian Woman’s Heart Prepared by: Jay R Modi Evangeline Bays Marwan Al-Qaydy

OVERVIEW : 

OVERVIEW Indian Jewellery industry Tanishq and Goldplus SWOT analysis Problem Analysis Success Strategies Financial Analysis Recommendations

India’s Gold Jewelry Industry : 

India’s Gold Jewelry Industry Indian gold jewelry market ~ $12 Billion Indian wedding jewelry - ~ 70% of jewelry market Wedding trousseau consisting of at least 5 pieces ~ $7500 (2008 Gold Price)where per capita income was ~ $1,089

India’s Annual Gold Consumption : 

India’s Annual Gold Consumption

The Rising Price of Gold : 

The Rising Price of Gold

Gold Consumer Market Segmentation : 

Gold Consumer Market Segmentation

Tanishq SWOT Analysis : 

Tanishq SWOT Analysis Strengths Capital Flexibility Innovative Modern Style Excellent & outstanding advertisement strategy Weaknesses ‘Not for me’ Gold Purchase Rituals Gold Perceptive

Tanishq SWOT Analysis : 

Tanishq SWOT Analysis Opportunities TATA Support The Wedding Market Globalization Threats GoldPlus Local Jewelers Gold Significance Government Regulations

GoldPlus SWOT Analysis : 

GoldPlus SWOT Analysis Strengths Marketing Strategy TATA Support Traditions & Values Weaknesses Limited Outlets

GoldPlus SWOT Analysis : 

GoldPlus SWOT Analysis Opportunities Outlets The Rural Market Threats Tanishq Government Regualtions Design Stealers Vision of Undisciplined Boy!

Problem Analysis : 

Problem Analysis Heavy Competition Failure of Gold watches Failure to tap wedding Market ‘‘Not for Me’’ perception Internal conflicts between Tanishq and Goldplus

Successful Strategies : 

Successful Strategies Complete positioning Introduction of studded Jewelery Very high promotion Pioneering the Karatmeter Elimination of traditional middlemen

Slide 14: 

Jewelers Tanishq Vendor or Middlemen Head Karigars Head Karigars Unorganized Karigars Unorganized Karigars Traditional system Vs. Tanishq system

Graph showing the total sales of Tanishq from 1998-2007: : 

Graph showing the total sales of Tanishq from 1998-2007:

Recommendations : 

Recommendations Tanishq & GoldPlus, compliment each other Understand their market territories & Characteristics Capitalize their strengths Cross Branding the market to own a larger share Going Global and teaming up with Indian entertainment products internationally