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Untitled
by jeet dutta
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14,492 2,175 130 8 min 42 sec 16 min 43 sec
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14 Clarity
14 Wordy sentences
16 Correctness
4 Wrong or missing prepositions
1 Determiner use (a/an/the/this, etc.)
2 Comma misuse within clauses
3 Improper formatting
4 Misspelled words
1 Confused words
1 Incorrect noun number
Untitled
Introduction
Small and medium-sized firms find it extremely challenging to create
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innovative advertising tactics in the modern business environment in order to
stay competitive and maintain their market position. Businesses now have new
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marketing tools, such digital media, to grow and promote their company both
domestically and worldwide thanks to advancements in technology. The
differences between domestic and foreign marketing are discussed in this
article, along with how they might be used to choose your target market for
future campaigns. As a result, it would be advantageous for pupils to
comprehend some features of a specific brand, Reliance, and how that
company uses contemporary technology to conduct global marketing. Mumbai
serves as the corporate headquarters of the Indian multinational company
Reliance Industries Limited. Energy, petrochemicals, natural gas, retail,
telecommunications, mass media, and textiles are among the company's
business sectors. Reliance is the 100th largest corporation worldwide and the
biggest listed firm in India in terms of sales and market capitalization.
Approximately 7% of India's total merchandise exports are accounted for by
this greatest exporter and private taxpayer in the country. There are a lot of
corporate bonds and the corporation has a poor free cash flow. Dhirubhai
Ambani started Reliance Commercial Corporation in 1958 as a modest business
dealing in raw commodities, namely polyester yarn and spices. After the
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partnership broke up in 1965, Dhirubhai kept up management of the company's
polyester division.
International Presence
The biggest and most successful private firm in India is RIL. RIL took the lead in
India's retail and digital services industries and remained a major player in the
worldwide integrated energy value chain. Right now, RIL's main goal is to
construct an enterprise-wide platform that leads the industry, ushers in the
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Fourth Industrial Revolution, and opens doors to the full potential of the nation.
Currently, RIL is a global firm with offices in over 100 countries. The business is
regarded as a leader in the numerous industries it serves and is among the
biggest in India. Retail locations of Reliance offer groceries, lifestyle and home
décor items, electronics, clothing and footwear, and supplies and equipment
for agriculture. Durable goods, consumer goods, travel services, energy,
entertainment and leisure products, health and wellness products, and
education items are the main areas of concentration for Reliance's retail
business. Bangladesh and Sri Lanka are the two nations where the business is
growing.
Marketing Strategy
Probably the biggest firm in India is Reliance Industries Limited. The company's
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operations are broken down into a number of parts with the goal of
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comprehending Reliance's presentation mix item system.Reliance Fresh, Big
Bazaar, Reliance Mart, Reliance Market, Reliance Home Kitchen, Reliance
iStore, Reliance Solar, and more brands are included in the retail section.
Assurance Life His knowledge in the labeling, assembling, and marketing of
Reliance Enterprises' biopharmaceutical goods relates to biotechnology,
agriculture, and pharmaceuticals. Transportation, distribution, coordination,
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inventory network-related exercises, and telemetry arrangements are all
included in dependence coordination. A cooperative that specializes in
broadband and offers 4G services is Reliance Jio Infocomm Ltd. Reliance Life
instance, in just five years, Jio has added 400 million new users. Large Market
Share: Across all of its businesses, Reliance Industries has a large market
share. Jio is the monarch in the telecom sector; Reliance is the king in the retail
sector; and so on. Large-scale production of several product categories is also
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done by Eliance Industries, which also controls the largest oil refinery in the
world, located in Jamnagar, spanning over 10,000 acres.
Weakness:
Legal action against Reliance Industries is possible because it owns an oil
company that is being sued by multiple social groups for environmental
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damage. Campaigners have turned their attention on Reliance Industries in
response to a statewide agricultural strike by farmers against the government
over the new 2020 agriculture regulations. Large-scale gas production at
Reliance Industries is derived from two key resources. One comes from the
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Tapti Fields project, which has dropped because of a number of operational and
natural problems, and the other from the KG D6 project. Currently, Reliance
Industries is only focused on the Indian market; however, should Jio decide to
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expand internationally, it will need to return to the Indian market in order to
continue growing. RIL has canceled a number of its production share
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agreements in Srilanka and Bangladesh. This affects RIL's efforts to expand
internationally. RIL has been involved in numerous legal battles and
disagreements. RIL was recently required to pay the government a large fine.
Such occurrences damage the business's standing.
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Opportunity: Recently, RIL put into service a number of new facilities, including
a purified terephthalic acid (PTA) and PET resin facility in Dahej, Gujarat. RIL's
market position will be reinforced and production will rise even more with the
expansion of the operational facility. RIL secured a 96% share contract in
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Myanmar's offshore mining region in 2015.In order to grow its business
internationally, RIL must keep making these kinds of investments.
Threat: Several state-owned businesses compete fiercely with RIL in the
petroleum and oil and gas sectors. Our main rivals are state-owned businesses
IOC, HPCL, and BPC. Global oil prices have risen sharply since the pandemic
crisis. It presents the oil industry with numerous prospects for expansion.
Reliance will now need to step up its efforts because it is already involved in
the oil industry. Various government officials, NGOs, and environmental groups
have denounced the use of petroleum products. This hinders business
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expansion, and in order to stay competitive, businesses should move toward
renewable energy sources.
Differences in product Across Regions and Countries
Srilanka
Brexit, uncertainty around tariffs, and the ongoing global trade war all
contributed to the 2.4% global economic growth in 2019, down from the 3%
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increase in 2018. Sri Lanka's GDP shrank but did not drop to 6.1 in spite of
growing trade tensions with the United States. In addition, Sri Lanka's growth
rate decreased to 1.1% as a result of trade disputes and Brexit concerns. But
with the trade solutions narrative in the second half of 2019, Europe's growth
began to somewhat rebound. By the end of 2019, Brexit, which had caused
Europe much worry over the previous two years, had been settled. The economy
of Sri Lanka grew by 2.3%, which was a quite respectable growth rate.
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Nonetheless, a first phase agreement has been reached as a consequence of
talks that have been ongoing between Bangladesh and Sri Lanka since mid-
October. Trade tensions have decreased as a result of the partial removal of
some of Sri Lanka's tariffs in exchange for Sri Lanka's promise to buy more
Reliance products. 2019 saw an average price of 61 rupees per barrel for oil,
Recommendations
• The usage of smart packaging technology is growing, enabling consumers to
communicate with their packaging through smartphones, offering
unambiguous freshness level indicators, and making it simple to spot fake
goods.
• Product packaging employs nanotechnology to respond to the outside world
and warn customers of contamination. It is also more durable, recyclable, and
heat resistant.
• Reusable and environmentally friendly materials and techniques are
employed in smart packaging to integrate sustainability.
Conclusion
Reliance could be able to persuade its target market that it provides a more
upscale eating experience than its rivals by emphasizing differentiation
strategies. Reliance is renowned for its creative approach to customer care and
guarantees top-notch assistance during the whole buying process. Reliance
needs to keep spending money on staff training and development if it hopes to
keep up its reputation as a restaurant offering top-notch service. Businesses
that support their employees' academic growth have a higher chance of long-
term, sustainable success. Reliance must use digital marketing strategies if it
hopes to interact with its online audience and capitalize on the increasing
importance of digital media in its advertising mix.
References