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Interim Report - Aby Reji Chemmathu - 20BSP0072
Interim Report - Aby Reji Chemmathu - 20BSP0072
SUBMITTED BY:
BY
20BSP0072
SUBMITTED TO:
Abstract……………………………………………….01
About ACBM Global Mentor Academy…………….02
Introduction…………………………………………...05
Description of internship and project…………….….08
SWOT Analysis of ACBM Global Mentor Academy.10
Porter's Five Forces model……………………………12
Bibliography……………………………………………14
ABSTRACT
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ABOUT ACBM GLOBAL MENTOR ACADEMY
VISION
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MISSION
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opportunities as well as innovative career management solutions
to employees at all levels of a company's management.
Business: Our business pillar provides cost-effective business
and consultancy solutions to both potentially successful
entrepreneurial companies and existing private and public
organisations, with the support and experience of adept mentor
partnerships on board.
Mentor: The mentor pillar of ACBM Global Mentor Academy
is a powerhouse of high-functioning intellectual capacities that
brings together the collective potentials of erudite and seasoned
mentors on one platform to provide successful academic,
corporate, and business solutions.
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INTRODUCTION
BRAND EVALUATION
In India, brand awareness has evolved into a significant factor that
influences customers perceptions of a brand. Brand executives
achieve success by carefully monitoring and supervising brand
awareness and loyalty in order to develop strong features that will
influence consumers decisions. Brand valuation, which focuses on the
monetary value of a brand and its economic worth to a corporation as
a transferable and income-generating commodity, uses brand
evaluation as an input. Non-financial variables, as well as obvious
ones like revenue, benefit, and ROI, are factored into the assessment.
Although brand loyalty has an effect on the brand's long-term
viability, customers who are loyal to the brands are willing to pay
more for them because they feel the outputs are more valuable to
them. The Internet has created channels for both marketing managers
and customers to achieve their specific goals, as it helps businesses to
handle a large number of clients, and consumers of all ages use it to
study, select, and buy goods and services from businesses all over the
world. Marketing and consumers must utilise this data. Maintaining
the brands in the fast-growing consumer’s products marketing, the
brand character is a central variable and the company makes more
comprehensive efforts to communicate them to their end consumers.
The assessment of a brand is not a specific science. Some elements of
good practise are common, and general measurement concepts can be
used in almost any case. However, since each brand and organisation
are unique, brand owners should use this broad assessment framework
to tailor it to their individual needs. There is no one-size-fits-all
approach, which can be difficult for organisations that lack the
resources and experience to plan and execute assessment programmes
internally.
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MARKETING STRATEGIES
A marketing strategy is the long-term planning of the company's
desired business outcomes. To achieve these goals, it is critical to
carefully choose specific measures that will help to strengthen product
and service reputations while still increasing consumer sales.
Marketing strategy is a description of the goals that an organisation
wants to accomplish through its marketing activities. The goals of the
organisation decide these tactics. Goals and strategy must work
together. The strategies must accommodate the target audience's
expectations, preferences, and problem-solving abilities, as well as
take advantage of their behaviours and customs.
In order to achieve positioning among consumers and fulfil consumer
and company relationship loyalty, it is critical to identify how you
want to place the product/service in the market. It is a tool for creating
promotional opportunities, as well as communicating and positioning
a product or service, and translating organisational lines so that a
target market can be reached across the appropriate channels.
The marketing mix is made up of four components, with the 4P’s of
marketing serving to form the critical strategies for generating
revenues and increasing sales. They are:
Product strategies
Pricing strategies
Placing strategies
Promotion strategies
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There are a variety of ways to make marketing campaigns efficient, so
it's crucial to concentrate on the most important communication
channels and be able to carry out the strategies with a good follow-up
of the implementation.
Establishing the objectives and the process:
Analyse the position in the market: Determine the target
demographic, the market, and the current state of the business.
Additionally, identify which things are strong and which should
be improved.
Establish goals: Establish attainable brand and sales goals and a
timeline for achieving them.
Design the tactics: Develop action lines based on the tactics
you know after you've examined the environment.
Implement controls: Define how you'll track progress against
your goals and how you'll improve your performance over time.
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DESCRIPTION OF INTERNSHIP AND PROJECT
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one can plan their finance and also continuing with my research
project and gaining more knowledge about the securities.
I have also begun my research on Mohammad Rafi Musical
Institute. Through research, I am learning to determine what
strategies that companies embrace are and how they use those
strategies to generate a customer base. Also, Sir has originated
training on Projects related to job fairs for the people who did
not get the opportunity to work due to this pandemic and how
to find out Absolute returns and further as I stated earlier, we
managed to learn it through the means of the Interactive games
named as Advisor premier league.
EXPOSURE GAINED
I learned about brand evaluation from a marketing standpoint, as well
as shifts in consumer expectations as a result of their needs and scope
for customer evaluation. The brand assessment is based on a review
of the business and the tools it employs to reach out to consumers.
Additionally, arranged the exposure to how to contact people and
build a relationship with the client as the Advisor Company has to
establish a relationship with their customer. Since they have to
distribute with people from different environments.
Updating and evaluating on a daily basis Clients assisted in the
learning process, resulting in well-organized and proper work. As the
only hard copy proof that shows the deal is finished between the
Advisor and the Customer, regular updates are very important. As a
result, regular updates and assisting clients in connecting with
potential customers are critical, and work should be methodical and
good.
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SWOT ANALYSIS OF ACBM GLOBAL MENTOR
ACADEMY
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Engaging with consumers to manage their interests so that they
can concentrate on the target consumer who will be concerned
with future marketing needs.
Working with the client would need a better understanding of
the workflow in the future.
Maintaining the LinkedIn relation through projects for potential
benefits.
Making further scope from current place and providing an
attractive package for customers who demand marketing
activity.
The researches the market for those who are interested in
increasing brand awareness among customers and assisting them
in achieving their goals through the use of established marketing
tools.
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PORTER'S FIVE FORCES MODEL
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It is more important that the consumer who is looking for Marketing
agency is certain that they go for a company that offers services at a
very low price from competitors; here at ACBM, we have a large
customer base and the services we provide are helpful with the
customer demands. Customers can change their minds about similar
goods and services, but by marketing, they will become more
effective in other areas. ACBM would have an easier time charging
higher rates to increase profitability if it has a large number of fewer,
independent customers.
5. Threat of Substitutes
There is a risk that a competitor's product and offers, such as those
offered by the ACBM Global Mentor Academy, will have more
benefits, causing a change in consumer demands. Although near
alternatives are available, consumers will be more willing to forego
purchasing an ACBM product, and competitor power will be
weakened. Companies that offer goods for which there are no near
alternatives would have more experience increasing rates and securing
favourable terms. When considering this aspect, ACBM compares its
current situation to that of rivals and looks forward to offering better
opportunities to clients.
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BIBLIOGRAPHY
https://www.acbm.co.in/
https://www.advisorzaroorihai.com/
https://mohammedrafiinstitute.com/
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