Markstrat Simulation Industry 5 Firm I
Growth of the Industry By Volume
By Value
MARKET SIZE
MARKET SIZE
2500
1200
Total Total 1000
Sonite
2000
800 1500
Sonite 600 1000 400
Vodite 500 200
Vodite 0
0 0
1
2
3
4
5
Period
6
7
8
9
0
1
2
3
4
5
Period
6
7
8
9
Movement of Stock Price Index of firms in the industry STOCK PRICE INDEX 3,000
A
2,500
E
2,000
O
1,500
I 1,000
U
500 0
1
2
3
4
5
Period
6
7
8
9
Pricing in the Industry AVERAGE MARKET PRICE 1100
Vodite 1000
900
800
700
600
500
Total 400
Sonite
300 0
1
2
3
4
5
Period
6
7
8
9
Firm I Journey Sonite Market: Shift on focus from Singles and Others market(Singles & Others through SIBI and SIRO) to Professionals and High Earners Reason for fall in SIRO and SIBI: Low focus on R&D to improve performance in period 3 and 4
Vodite Market: Focus on Early adopters. Led to 24.3% market share in the vodite market at end of period 7
Strategy • Be Close to Our Customer Requirements • Make Better Products by investing on R & D when and where needed • Offer better options to the target segment as compared to competitors
Competitor Analysis Fir m
Buffs
A E
SELF
Single HiEar Other s Pros ners s SAMA
A
VAVA
VAVA
SEAL SEMI
SECK
E
VETO
VETO
I
VITA
VITA
U
SIKA SONO
Innovs Adopters Followers
SALE
I O
Firm
SOSO
SOLD SONE SULI SUPR
VAVA
VITA
O U
VULF
SIBI
SIRO
SIKA
VITA
Market Research Reports
Going Concern
Mistakes • Price Forecasting: Contribution Margin – Adv Costs – Sales Force • Reading Market Research Reports • R & D Projects were not upto the mark
Learning • Design products as per the customer requirements