Marketing Strategies for ENGO to Enter the Indian Market
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Added on 2023/06/08
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This presentation discusses the marketing strategies for ENGO to enter the Indian market. It includes a PESTLE analysis of India, SWOT analysis, marketing mix, competitor analysis, target market and consumers, and more. The presentation also highlights the opportunities and challenges for ENGO in the Indian market.
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MARKETING IN INTERNATIO NAL
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OBJECTIVES ENGO enter the Indian market with some objectives: Provide the platform to the Entrepreneurs. Brand awareness Remove unemployment
Pestle analysis of India Political factor- •Indiacontribute for the Industry profit. •India is influenced by the many factors these are government policies, political interest and several political parties. •Well developed tax system which imposed the taxes(Siguaw, and Simpson, 2015). Economic factor •Government of India allow the foreign companies to enter the Indian market. •GovernmentofIndiamakethepoliciestheseare liberalisation of foreign capital and formation of FIBP. •Unemployment rate of the economy is increasing Social factor •The population of India is rising continuously •India offers the cheap labour cost and the labour force Technological factor •India is the third most technological advance country in the world •India has an advance technology
PESTLE ANALYSIS OF INDIA Environmental factor Air pollution, earthquake and others are the challenges faced by the economy. Legal factor GovernmentofIndiaallowedtheforeign companiestoinvestingintheeconomy (Sridhar,2016).
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SWOT ANALYSIS STRENGHT- Natural resources High technological power WEAKNESS- Lack spirit of entrepreneurship Legal system is very poor THREAT- International competition for the natural resources Rising labour cost OPPORTUNITY- Develop the Chinese and export market Create the global brands(Mishra, 2018)
Marketing mix Place:ENGO can use the internet to reach at the international level of the company. Price:ENGO charge the helping fees in lower prices. Promotion:ENGO organise the events and seminars to aware the entrepreneur for its services. Product:It offers the services to entrepreneur to help them in expanding the business at international level.
COMPETITOR ANALYSIS There are many leading NGO’s in India like Lepra society, sargam sanstha, and others . ENGO charge the lower pricesfor the services as compare to Indian NGO’s. ENGO can take the advantage of cost structure, resources and new techniques of Indian market.
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Target market and consumers ENGO’s target the entrepreneurs and new start-ups. ENGO’s target the Indian market to spread the awareness. In Indian market, ENGO target the small enterprises, entrepreneurs, new starters and new ideas.
Justification ENGO can take the advantage of the subsidies and promote their services in the market. Opportunity to the reduce the unemployment rate in India by encourage entrepreneur to expand the business(Nikolaou, and Evangelinos, 2010). ENGO can grasp the advantage of growing country by establishing their business in the economy ENGO will achieve the goals with the growing technology sector (Paley, 2017)
References Sridhar, R., Sachithanandam, V., Mageswaran, T., Purvaja, R., Ramesh, R., Senthil Vel, A. and Thirunavukkarasu,E.(2016)APolitical,Economic,Social,Technological,Legaland Environmental (PESTLE) approach for assessment of coastal zone management practice in India.International Review of Public Administration,21(3), pp. 216-232. Mishra. , KN. (2018) GST and SWOT Analysis in India perspective.GST Simplified Tax System: Challenges and Remedies,1(1), pp. 129-133. Nikolaou, I. E. and Evangelinos, K. I. (2010) A SWOT analysis of environmental management practices in Greek Mining and Mineral Industry.Resources Policy, 35(3), pp. 226-234. Paley, N. (2017)How to Develop a Strategic Marketing Plan: A step-by-step guide. Oxon: Routledge. Siguaw, J. A. and Simpson, P. M. (2015) A Marketing Plan for Marketing Instruction: A Satirical Look at Student Comments. InCreating and Delivering Value in Marketing.New York: Springer, pp. 129-133.