Kushies Baby Products: Global Entrepreneurship Project for India

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Added on  2023/01/11

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AI Summary
This project presents a comprehensive analysis of Kushies' strategic plan to enter the Indian baby care market. It begins with an executive summary, followed by an overview of the company, its standards, and ethics. The project then dives into the target market analysis, highlighting the significant potential and growth prospects within the Indian market, supported by statistical data and relevant market trends. A detailed marketing plan is outlined, including product modifications, market surveys, and competitive analysis. The project also explores various market entry modes, risk assessments, and strategies to overcome potential barriers. Furthermore, it addresses CSR activities, financing options, and export capabilities. The project concludes with a strategic plan and provides references to support the research and findings.
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Global Entrepreneurship
Name of the Student
Name of the University
Author Note
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Executive Summary
Thorough SWOT and PEST analysis of Indian market, where Kushie
is planning to launch its products
Preview of Indian Baby Care market
Marketing Plan and Strategies
Financial Stability
Export Facilities
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About the Company
Kushies was established in the year 1953 as Diana Dolls Wear Ltd., by
Mary Malinowski in Stoney Creek, Ontario, Canada
Established as a small “Cottage-style” business
Became the only manufacturer in Canada of doll attire and accessories
All the big Canadian department stores are their customers
Now the company is owned by Susan, Mary’s daughter, and her
husband Sam Perez
In 1988, the washable cloth diaper was launched, along with multiple
products ranging from bedding, bath, feeding, layette and outerwear
and many more
More than half of the products are made in Canada (Kumar, 2014)
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About the Company - Standards and Ethics
Kushies manufactures and supports a creative collection of quality baby
products and accessories
Values the Customer, the highest possible quality and Artistry
Values the commitments to unparalleled customer services
Worldwide market leader in reusable cloth diapers and accessories
Equally responsible and environmentally concerned member
Maintains all business relations in professional and ethical manner
Business is committed to fulfill the requirements under Accessibility for
Ontarians with Disabilities Act
Remained in agreement with the Customer Service Standard
Welcomes feedback from the customer and respond to their concerns
(Kumar, 2014)
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Target Market
Kushies are preparing to tap the Indian market
Has a tremendous potential for growth for this untapped market
More than 127 million children under 4 years
20% of total number of child population in the world of this group
20% of total number of live births in the world
Very attractive market for the baby care industry
Expected to grow at an annual rate of over 17%
To reach over $31 billion from $14 billion in terms of revenue
Huge attractive market for the baby care industry (Sharma & Bothra, 2017)
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Target Market – Contd.
Growing rate of literacy among the people of India
Market is expected to grow at a CAGR of around 17% in terms of
revenue (Kumar, 2016)
The Baby Market in India is riven by per capita increase in disposable
income among consumers
Increase in urbanization will also increase to capture the untapped
baby care market in India
Growing awareness about usage of baby care products complements
the growth in this market
Political scenario will also help the company to have an impact in the
Indian market
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The bi-lateral agreements between the governments of India and
Canada will help to introduce their product more efficiently
Implication of GST in India will help Kushies to grow and pay the
taxes in an uniform rate all over the country
Thrust on focusing towards a more greener Earth will encourage the
company to expand in this region
GDP will become around 4 trillion by 2020 and 6.5 trillion by 2025
Inflation rate of India will be around 4.10% in the coming years,
which will help the market to grow rapidly
India currently ranks 3rd in PPP, which again will boost the morale of
the company to grow in the market (Kumar, 2016)
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Marketing Plan
Kushies will launch their entire range of products in Indian market
Primarily they will feature on Nursing, Bath, SiliFeeding and Feeding
Will modify their products according to the taste and preferences of
the people on region specific and culture specific
Will do a market survey in the capitals and main cities in and around
India
Will assess the competitive products and will strategize their plan
accordingly
Will perform free sample tests in the market(Mangram, 2013)
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Competitive Analysis
Have to face stiff competition from already established brands like
Johnson & Johnson, Unilever, Procter & Gamble, and others
Relatively higher priced products, so will be difficult to penetrate the
middle class society, which comprises most of the market
Will face competition on online platform also, as India is one of the
social media active users platform globally
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Market Entry Mode
Tie-up with the Supermarkets and Big Retail Outlets
Tie-up with the malls to promote the brand physically
Initial discounts or combo pack offers
Online marketing through social media platforms
Tie-up with the e-commerce giants to sell their products in India
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Foreign Distributors will work on behalf of the company
Will work on contract basis
Will import the products and maintain the inventory level
Popular entity as already established brand in Canada and USA
E-commerce tie-up with the e-commerce giant Amazon as well as
Indian company Flipkart and Snapdeal
Tough to penetrate into the market as already established and popular
brands’ presence in the huge market of India
Premium priced product, so will have to do niche marketing
Will loose the medium class market, if price are not modified
After sales service should be maintained to retain the customer base
(Mathuthra & Latha, 2016)
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Risk Assessment
Total untapped market, so difficult to predict the future
May affect the business if political unrest happens
People may reject if social responsibilities are not maintained or
followed
Difference in economic strategies may hamper the growth
Niche marketing, so product is limited to urban people only
Low per capita income may affect the growth
Lack of awareness programs in places except the urban areas
Cultural aspects may also the affect the company to earn more
revenue from the targeted market
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