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Tanishq JRM 090729172938 Phpapp01
Tanishq JRM 090729172938 Phpapp01
Tanishq JRM 090729172938 Phpapp01
Prepared By:
Jewelers
Tanishq
Vendor or Middlemen
Head Karigars
Head Karigars
Unorganized Karigars
Unorganized Karigars
2002-2003
Launched Diva: pearls and diamonds in elegant design Lightweight gold, lightweight diamond and hoopla Collection G
Results were spectacular: Sales exceeded target of Rs. 550 crores, reached Rs. 570 crores
2005-06:Going Traditional
Tanishq Paheli line : A Sellout success Competition with family jewelers who symbolized tradition Wedding designs were aggressively marketed Advertising was customized region-wise Incorporation of Tata name
Weaknesses
Not for me Gold Purchase Rituals Gold Perceptive
Threats
GoldPlus Local Jewelers Gold Significance Government Regulations
Weaknesses
Limited Outlets
Threats
Tanishq Government Regualtions Design Stealers Vision of Undisciplined Boy!
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
Complete positioning Introduction of studded Jewelery Very high promotion Pioneering the Karatmeter Elimination of traditional middlemen
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