BIC Cello Pens Company Analysis

BIC cello Pens Comp any(prenominal) psychoanalysiscello makeup INTRUMENT CONT. PVT. LTDA Quote by me For th all in all Mighty PENThis write will seem to be a genuinely simple one but it is for all those who signature with fleece and dignity the one who kisses it saying good luck before physical composition an examination all for who write for a good cause ( generators) in short this indite is all for ordinary bicycle people with extra ordinary soul and non only this but one who buy this create verbally will contribute to child relief fund. so you make your emerging better with this playpenI ingest chosen cello WRITING INTRUMENT CONT. PVT. LTD. because this is the only connection in India which is supplying to all the requisites of Indian population, constituent in different categories. And in addition has 80% marketplace sh atomic number 18 in the Writing Instrument industry. Now the first question isQues1. Which segments ar existence tar f ard and strategies used to find out the target segment.Ans. Cello has Indias largest start out of smart looking, high-perfor musical compositionce colloidal gel ink and ballpoint pens in different ink influence and at a variety of price points. Be it a civilise kid , a college student , a young professional or a senior executive, t present is a Cello for e very(prenominal) one.1. instill kids Cello knows what are the demands and needs of a school issue kid. The kids deficiency a pen which looks good and smooth in writing as they down just opened up their account of pen subsequently pencils. So this segment is basically the include kids and early teenagers who wantCELLO ALPHA GELFor this they have contracted with distributors of school accessories to provide this gel pen in their shops. Its features which are given in the confederation visibleness areFeather-Flo System Ensures a feather give care issue to your writing. Japanese Pigment Ink Special ink imported from Japan. Water rebarbat ive Ink Special ink that doesnt smudge.At that time ADD gelatine was the major competitor for Cello Alpha jelly but the friendships processional dodging was to come on their pen in a way of constitute N STYLE ie. this pen is less approachly as compared to ply gel which was the major threat to the telephoner. And the attach to has contracted with distributors which then deal the students to use this pen for free in order to have an fill feel to the user that this pen is similarly good. And for doing this the confederation has bear the cost of Rs.4,15,367. But this turned to be a great success, now everybody knows more or less Cello Alpha gel pen. So, this was their strategy in order to suck in the target market, and the distributors also contracted with schools to provide this pen as cherish to their students. And for this the follow gave incentives to their distributors. So these were the lovable of tasks which had been done by the corporation in order to fertil ize the sale of their crossroad which would not been accepted by proposed customers if they did not do that at proper time.CELLO GRIPPER also supply the market of kids because the cost of this pen is very low as compared to differentwise ball pens and as its name suggests that its GRIP is its Uniqueness and this is a very good pen for the age group who has just started their account of utilize ball pen. So this pen provides suffice to this segment in use pen which was as simple for them because earlier they were using pencil or their usage was limited to gel pens only. And its cost is around Rs.8 which is quite low-priced to this segment because this segment is not having much disposable income with them to spend.2. COLLEGE STUDENTSFEATURES given in the company profileCello Finegrip owns the very special Swiss flaccid Tip that allows the pen to write soft and smooth. This elegant fine writer has the special German Fluid ink and the following featuresElasto Grip Gives a go od and comfortable grip while writing. Elegant, Slim and scratch-proof body. Click lock. unbreakable lock. Writing length over 2000 mts.Now the company knew that this segment like to be stylish and cool thats why they have designed this kind of pen for this segment only. As its features gives us a glance of how the companies are looking at the minute things in order to make their harvest acceptable by the target market. droppoint has been introduced by cello company to target youth who like to have a free pass writing, and look smart and its price is reasonable. Preferred by well-nigh of the college going student due to its cost, flow of writing and looks. And the company also promotes this pen by the advertisement by Cricketer M.S. Dhoni and this advertisement was rated the trump on-air advertisement in July, the Cello Pin Point pen ad had some help from cricketer M.S. Dhoni. The ad scored 73 on the ad reach index, with a scar recall of 93%.This survey was done by Mint Ad surv ey report for AugustCello Pin PointCricketer M.S. Dhoni is traveling in the team bus. Suddenly, he finds a boy dangling acme down outside his window, asking for his autograph. The boy is suspended from a bridge circuit with a rope held by his friends. The boys pen doesnt work, so Dhoni uses his Cello Pin Point to sign. He advises the boy to use a Cello pen the next time.3. WORKING PROFESSIONAL AND EXECUTIVE CLASSThe stylish Cello Powermaxx that has become the operative professionals most preferred to the Cello Sapphire, Papersoft and Executive pens with a certain understand luxury that have become a greenness sight on the desks of senior executives. Theres also Cellos new range of Highlighters and markers that have carved out an enviable name for themselves in a very short time. And in order to attract this segment Cello has other strategies to do this. They have promoted this category pens by giving on internet, because this company views that this segment is the one which us e internet extensively.In the Readers Digest (2007) it has been announced as the most trusted brand in the entire ASIA.Ques.2. disparate advancemental materialal tools used and the strategy behind using these tools.Ans. Cello do PERSONAL SELLING-By personal selling by the representative of the company takes place face to face by final customer.And the cello does this when it has to promote its products with its business partner. And the strategy behind doing this is that if one has to influence the business bodily then one has to go personally and give their quotes and has to tell them that how their product would better suit them as compared to other available options. Thats the company has opted this promotion medium also.Basically what cello do, it does MASS SELLING to inform protrude of persons by advertisement. And the medium of advertisement isBy Radio advertisement In Radio Mirchi, Big FM, 91 FM. Now the company has used this promotion tool in order to influence the mass , an the mass here the company is considering the school going segment and the college going student or we atomic number 50 say the youth. And this medium of promoting a product is best for attracting them towards their product because this is the segment which listens to radio the most. And this is from my view point would be the best medium in order to influence this segment.By TV Advertisements 8 moneymaking(prenominal) TV ads are there which the company has made in order to influence the mass. And the Cello pin point advertisement has been ranked 1st by the Mint Ad surveyhttp//www.youtube.com/watch?v=tbEHaf0naZYthere are other writing instrument companies which promotes their pen through TV commercial but the edge which the Cello gets over the other is that it knows what the exact demand of the customers. This company knows that how to promote their product which would lead to a purchase by the customers.Now going through another ad http//www.youtube.com/watch?v=zJFHyV6RtO0 wh ich gives the viewer an insight that how the exact need of them has been catered by the company, by providing the CELLO MAC GEL PEN which let one to write without the precaution of drain out by the water and all that kind of stuff.So, here cello knows the need of the customers but if it didnt communicated this feature of their pen through any communication medium then how would be happen to inform the proposed customer about this new invention, which the proposed customer was starving to have.By Internet Advertisements the company has targeted the working professional class by giving their advertisement on internet, which is commonly used by the high class people. The company think that this medium of communication would best suit them because this is the segment which spend most of its time surfing on internet.Ques.3 .Which strategy out of Pull or Push is used and why?Ans. CELLO has used both the strategy in order to promote its productsPUSH strategyIf the seller makes his promot ion by television or radio, its not possible for the buyer to act with. The company is promoting its products through showing or giving its ad on TV and Radio, which means that the company is using PUSH STRATEGY.PULL STRATEGYIf the communication is made by phone or internet, the buyer has possibilities to interact with the seller. Now as I have given earlier that the company has used the internet ads in order to influence the business customers and the company is also using telecommunication medium in order to get the deals fixed regarding the quotes and other selling reasons.So, the CELLO is using both the strategies in order to have the maximum benefit which is must for every company. This company knows the demand of the time and change and upgrades its strategies accordingly I think this is the best part of this company which leads it to have a share to 80% in the entire writing instrument market in INDIA.Ques.4. Critically judge the Promotional strategy of your selected brand. Ans. This company is the best till now, what I have read about it. But there are some curve holes which if which company pays attention then itll become even the more successful.B2B market the important segment of every player in the market likeParker is entertaining the Business Corporate likeSamsungAventisStar NIITAmerican Express, UshaTitan, WiproBirla add-onDabur NiveaIndia TodayMc DowelAnd Parker has used a strategy to cater this segment which providing separate brand for B2BLEXIs B2B partners arePfizerLtd.Ranbaxy Ltd.Times of IndiaHindustan Lever Ltd.Tata Infotect Ltd.Procter bumpThis company also caters to the specific needs of their corporate partnersLINC B2B partner areAirtelDHLBlue DartMicrosoftMusic WorldAndersonPrestoAqua coffee beanReynolds promotes its products by providingStudent scholarship programs in schoolsVending machines at schools and nigh placesThese are the features which are available or we can say that which are catered by the other companies and the vault of heaven of improvement for my company which CELLO. So, even though my company is having the major market share in share in the writing Instrument industry but if it has to be successful in future and remain or even grow more it has to localise on these areas alsoIt is using various technologies but the common man is not knowing about it, could be due to information hatchway ie. the company is not giving the proper information to him/her. This is another area where the company has to concentrate on. The technologies which the company is using areInoxTip Fibre top side technology that helps in smooth writing.LPHV Low Pressure High hatful Technology that helps to reduce pressure on the paper.Elasto Grip Elastic hawkshaw grip to provide have perfect grip on the pen.Lubriflox employ in the ball pen for free appropriate flow of ink.Lubri Gel Used in gel pen for free appropriate flow of gel inkFeather Flow used to reduce the lean of pens for the faster writing.These are di fferent features which are not all highlighted in the advertisement, but can attract a larger chunk of proposed customer if the company focuses to highlight these features in their promotions strategy.The company should also focus on promoting its products by coming up with new range of gift pen which would further segment into two categoriesGifts pen for in orb occasions which would be catering to the needs of youth, which would be trendy, stylish and last but not the least would be different from the regular pens.Gift pen for formal occasions which would be catering the needs of business corporate and this range should flexible enough to be customized according to needs of the proposed buyers.CELLO should also focus on print advertisement in business magazines its a promotion media which is not properly used by this company. So, CELLO should also focus on these magazines, because these are mainly used by the working professionals and executives.