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Markstrat - Team Nirvana - Aphrodite
Markstrat - Team Nirvana - Aphrodite
Team Nirvana
Maithili Joshi PGP10037
Ritu Priya PGP10043
Shivendra Kadam PGP10049
Sudhanshi Parakh PGP10055
Unadkat Meet PGP10061
NIRVANA Customers
Vodite
The company has a
market share of 28% in
Nirvana has the third the Sonite market which
position in the industry is the 3th highest and 11%
market share in the
Vodite Market
Nova Need
• Targeted towards Professionals • Targeted towards Followers
• Pricing: 557 • Pricing: 800
• Performance: 15 and • Autonomy: 1 and Economy: -1
Convenience: 5 • Market Share – 3% Followers
• Market Share – 18% Professionals
Sonite Vodite
Year Wise Performance
Period 1 Period 2 Period 3 Period 4 Period 5
(Rank 1) (Rank 3) (Rank 4) (Rank 1) (Rank 2)
• Based on the learnings • Didn’t change our • Sent 2 products for • Shifted focus to MDS • We expected
of practice rounds strategy much which development • Increased budget by competitors to launch
• Focused on right reflected on the rank • Taking cue from a approx. 100% of which Vodite. Missed out on
distribution product in the higher 12-13% went to gaining first mover
segment, we too slashed research increasing advantage but wanted to
prices which had an purchase intention gain strong hold in the
adverse impact since • Launched 2 products for Sonite market and
positioning was wrong targeted segments improve financials
• 1st position in the Sonite
market
Key Learnings: Key Learnings: Key Learnings: Key Learnings: Key Learnings:
• Higher pricing worked • Understood the • Relied on semantic • Continued focus on • Invested money in R&D
well for the upper importance investing in scaling positioning to develop Vodite
segment product R&D at the right time • Spend on advertising
• And also learnt about was low
positioning and
segmentation
Round 6 Round 7
• Started R&D for Vodite • Launched Vodite product
• Targeted Noph towards Netflix
Shoppers and Explorers • Targeted Noph towards
• Targeted Noon towards Shoppers
Savers and Shoppers • Launched Netflix with high
price which led to its failure
Round 8 Round 9
• Started R&D for new Vodite • Changed the base project of
product Netflix
• Changed the segmentation of • Launched New product Need
Nova to High Earners for followers
• Increased the advertising and • Increased the price of Nova
commercial budget of None • Dropped None
Round 10
• Decreased the price of Noph from 325 to 265 and saw a
huge jump in sales
• Reduced the price of Need and Netflix and the stock was
sold out
• Increased the price of Nova from 515 to 557 and similar
results were obtained
LEARNINGS
• We should have made a long term plan which would have been beneficial to the success of our team throughout
• We could have segmented deeper and understood our consumers at the beginning of the simulation
• We learned that it is always a smart decision to research before launching any product when Netflix failed badly
• Spending more on advertising and commercial team always makes a difference
• After learning what other teams were allocating resources too, we made a big push in our advertising and
commercial team
• The most important thing we learned is collaboration within a team. This made Markstrat a valuable learning
experience and something that we can refer to later in our careers
Thank you