ACKNOWLEDGEMENT
All the praise is for Almighty Allah Who gave us the strength, mental and physical capabilities to accomplish this Project. We would love to express our gratitude and sincere appreciation to Prof: Wajid Ali for his encouragement, constructive teaching approach and maintaining a healthy and competitive atmosphere in the class that helped us to embrace this formidable challenge. We would like to extend our thanks to everybody who helped us to make this Project a brilliant success.
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TABLE OF CONTENTS
EXECUTIVE SUMMARY .......................................................................................................................... 4 The Opportunity........................................................................................................................................ 4 The Description of the Business ................................................................................................................... 4 BUSINESS MODEL .................................................................................................................................... 5 THE MANAGEMENT TEAM ..................................................................................................................... 6 Organizational Structure ............................................................................................................................... 7 Of .................................................................................................................................................................. 7 ORLEN CISCO Company ............................................................................................................................ 7 CURRENT STATUS AND REQUIREMENTS .......................................................................................... 9 Current Status ........................................................................................................................................... 9 Profit Potential .......................................................................................................................................... 9 MISSION STATEMENT .............................................................................................................................. 10 VISION STATEMENT ................................................................................................................................ 10 OUR CORE VALUES ........................................................................................................................ 10 COMPANY LOGO..................................................................................................................................... 11 COMPANY OBJECTIVES ........................................................................................................................ 12 Short Terms Objectives....................................................................................................................... 12 Long Term Objectives ........................................................................................................................ 12 FINANCIAL PROJECTIONS .................................................................................................................... 13 Share Division.......................................................................................................................................... 13 MARKETING STRATEGIES ........................................................................................................................... 17 THE TARGET MARKET.............................................................................................................................. 18 TARGET MARKET ................................................................................................................................... 18 Description of Target Market...................................................................................................................... 19 MARKET SEGMENTATION ....................................................................................................................... 19 ORLEN CISCO BLEACH PRODUCT LIFE CYCLE .......................................................................................... 20 MARKETING MIX ..................................................................................................................................... 22 POSITIONING........................................................................................................................................... 24 SWOT ANALYSIS OF ORLEN CISCO BLEACH............................................................................................. 25 CHANNELS OF ADVERTISEMENT ............................................................................................................. 28
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The Opportunity
Need to Be Filled or Problem to Be Solved. When your clothes matter, when your image matters, when its important to communicate success & style, Colour Bleach dedicated to dressing Surfing the Frings whatever the stain is This make window of opportunity opens for entrepreneurs to re-launch or provide improvements in existing washing products. Through this thought, we want to create a change.
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Making
Delivery To Outlets
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Manager of Operations Deptt Mr. Makhdoom Manager of Marketing, Manager of Quality Deptt Purchasing
Brand Manager
Accountants
Recruitment Marketing Sales and Customer Service Quality Control Quality Assurance Evaluation
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Profit Potential
Profit is something that comes after everything our more focus is on having our product in the hands of our customers actually that is our profit. On the other hand if we look at its profit scale it is quite profitable business to start because outlets have taken a great position in our lives that where ever people thinks to buy something they look for a good outlet or retailer in market. So as far as profit is concerned our figures are crossed that we will attain a good position in market & will surely have a high profitability.
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VISION STATEMENT
Our Vision to be a progressive business with strong brand equity, enhancing value for all the stakeholders through excellence in performance and good governess
Employees are the source of the success. We communicate openly, treat each other with respect, promote teamwork and encourage personal initiative and growth. Excellence in performance is sought and rewarded.
Customers receive our strongest commitment to meet their needs with high-quality products and superior service.
Products are based on innovative technology, continuous improvement and added value for our customers and end-users.
Reason that why we have chosen this specific business. All over the world and in Pakistan Fashion are booming people wanted ease and automation in their lives. Fashion industry is one of the industries that have its own charm and everyone wants to be in fashion. We see an opportunity in the market in which we have to fulfill the demands of those people who want to have some sort of specialized Colour Bleach.
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COMPANY LOGO
JUSTIFICATION RED COLOR: WHITE COLOR: It shows the brightness. The sign of tick in white color is shows the clearness of clothes.
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Short Terms Objectives To provide Bleach with quality assurance To provide Bleach within reasonable prices. Increase the sales by using different marketing techniques To become the market leader. To grab maximum market share. To built sustainable competitive edge. Customer satisfaction is the top priority. Acquire the strong distribution channel so the product is made available on the shelf.
Long Term Objectives To establish our brand name in Pakistan To open our distribution channels in all the leading cities of Pakistan Create the good relationship with the supplier To open our outlets in all the leading cities of Pakistan Create the environment in which employee are feeling no stress and exact their great effort to increase the sales and getting the customer loyalty Providing the e business facility in which people can place their order to us and supply to customer or provide information when the desire product is come at out let. For the development of this new business we have use 4PS marketing strategy which has been described on next pages.
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Share Division
As the equity amount presented by each member is equal so they would be equally share holder in profit or loss. This is described according to the percentage in the table presented below.
C.E.O (Mr Ahsan) Finance Manager (Mr Haseeb) Marketing Manager (Mr Wajahat) Operation Manager (Mr Makhdoom)
We expect that we will sell 5000 Bottles of Bleach per Month @ 100 per Bottle. So our Sales per Month is 5000 x 100 =500000
Expenses
Our Fixed Expenses are 24000 & Factory Expenses are Rs. 52,750
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Drum Mixtuer Advertising Total Chemical Total Manufacturing Cost Total Expense Advance Rent
Total Expenditure
477910
Cash in Hand
22090
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In future we predict that our business can get progress and can increase our production by applying more innovation ideas we have technical labor we have the opportunity to increase the awareness between the general public for the color bleach this will increase our profibility ORLEN CISCO Bleach has a high capacity to produced litters of Bleach per day. So we can say that we can survive for next three years.
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TARGET MARKET
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MARKET SEGMENTATION
While doing the market segmentation, we divide our market into three main types;
Geographic segmentation
Our primary targeted areas are all cities of Pakistan, specially Islamabad, Karachi, Lahore, Faisalabad, Sialkot, Rawalpindi, etc,
Demographic segmentation
We are dividing our target market in to segments that relate to any age group and male and female both are include for this target market.
Psychographic segmentation
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BLEACH ANALYSIS
ORLEN CISCO Bleach life cycle is at beginning stage. There are high profits in this Business, but there is still need to create awareness among the public to appreciate this industry to take it at maturity stage. The future prosperity of our business depends upon the following important aspects: ORLEN CISCO proudly presents itself as one of those new ventures who will fulfill all the negative attributes that are affecting the industry by having an edge over its competitors. Competitors of ORLEN CISCO Bleach says that they are providing a nice quality with a cheaper price and they try to make fool their customers by saying this but come to know the reality after experiencing and eventually they lose a customer soon after one sale. Actually we are offering the kind of color bleach that would definitely attract the patrons because of its design that would be fulfilling the present day requirement & most of all it is the kind of business that promises to become a family member of every household etc. And retail industry in Pakistan is running the same way for so many years and there is a need of innovative ideas Color Bleach plans to do so by bringing new form of business plan that will surely have a great impact on the retailing industry of Pakistan.
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PLC determines revenue earned by ORLEN CISCO bleach Contributes to strategic marketing planning Help us to identify when a product needs support, redesign, reinvigorating, withdrawal, etc. Help us in new product development planning Help us in forecasting and managing cash flow shows the stages that color bleach go through from development to withdrawal from the market Managing product portfolio is important for cash flow
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product
price
place
promotion
Product Brand name Quality Safety Packaging Price Pricing strategy (penetration) Suggested retail price Volume discounts and wholesale pricing Cash and early payment discounts Bundling Price flexibility Price discrimination Moderate and affordable.
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STRENGTHS Quality Product Affordable Prices Time Saving Products. Skilled Labour
S.W.O.T
THREAT OPPORTUINTY Growing Industry Attractive Business Threat Of Substitute No Barrier For New Entrants Threat Of Supplier Forward Integration
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WEAKNESSES
Fix Price No credit sales. Low sales margin due to highly value added products. Low promotional activities. Limited capital available. Lack of experience. People are not much aware of the ORLEN CISCO bleach As we are on initial stages therefore color bleach is facing problem of budget Color Bleach requires patience as it will take to overcome its competitors. Good advertising campaign needs high costs which is a setback to the company.
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As it is only launching in Lahore & when this concept success then we can target customers all over Pakistan. Credit policy can be adopted to increase sale. Expansion chances are greater. Increasing awareness. Competitors. Exhibitions.
THREATS
Economic crisis of the country. Political crisis of the country. World over recession can have a great impact on firms profitability. Competition with Clorox Idea can be adopted by others. Existing competitors. Price Sensitive people.
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Word of mouth
Personal relations
Fly bills
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Personal Relations
We are planning to publicize or advertise through our personal relations also. This would help us to create a web in peoples mind about our products of Color Bleach. It means using our own links with people to advertise and promote your product in the market. They are usually our Friends, Family members, Relatives, Family friends and friends of friends. This mode of advertisement is cost less and is the best way of catching the market share.
Media
Later on, we are also planning to advertise our products over media by ads. But this would be done on a last stage when the market is well aware of the shop ORLEN CISCO Bleach Media promotion plan will include: TV Adds Billboards
Fly Bills
The print media have always been a popular advertising medium. Advertising products via newspapers or magazines is a common practice. By nowadays fly bills are using as a mean of advertisement. Fly bills are also known as pamphlets. We are also going door to door for giving the fly bills for the advertisement and making the people awareness about the products of ORLEN CISCO Bleach.
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10 8 6 2
Development of alternatives
Fewer prices as compare to competitors but high quality product Distribution of product as free sample
Analysis of alternatives
More awareness among people about product and price will be affordable to everyone.
Selection of an alternative
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Although these four decision making styles are distinct, most managers have characteristics of more than one style. Its probably more realistic to think of a manager dominant style and alternate styles. Others are more flexible and can shift their style depending on the situation. For making a decision we have adopt analytical and conceptual style for this decision firstly we analyze our competitors and then we consider more alternatives. After that we finalize our alternatives and implement on this alternative and these alternative are for our long rum period because we have focused on this conceptually and very deeply.
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Assuming span of 2
assuming span of 4
1 2 4 8 16 32 64
1 4 16 64
To measure the company performance we have use span of control. This is important because to large degree, it determines the number of levels and managers and organization has all things being equal, the wider or larger the span, the more efficient the organization. Obviously, wider spans are more efficient in terms of cost. However at some point wider spans reduce effectiveness. When the span becomes too large, employee performance suffers because managers no longer have the time to provide the necessary leadership and support.
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Remedial Strategies
Our management, under new leadership as described below, has been actively engaged in the planning for, and implementation of, remediation efforts to address the material weaknesses, as well as other identified areas of risk. Our new leadership team, together with other senior executives, is committed to achieving and maintaining a strong control environment, high ethical standards, and financial reporting integrity. This commitment will be communicated to and reinforced with every employee and to external stakeholders. This commitment is accompanied by a renewed management focus on decision-making and processes that are intended to achieve maximum shareholder value over the long-term and a decreased focus on shortterm, quarter-by-quarter operating results. Page 33
Implementation and clarification of specific accounting and finance policies, applicable worldwide, regarding the establishment, increase, and release of accrued liability and other balance sheet reserve accounts.
Enhancing the development, communication, and monitoring of processes and controls to ensure that appropriate account reconciliations are performed, documented, and reviewed as part of standardized procedures.
Cost Advantage A widely used method for controlling the market is to provide your products or services at a lower price than your competitors offer. We have used cost advantage to control the market. Brand Brand recognition is another successful business control method. Companies spend a large percentage of their budgets on advertising and creating interest among their client bases. We have spent a huge amount to innovate our brand name.
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