Research Paper on Social Commerce Example | Topics and Well Written Essays - 1250 words

On Social Commerce - Research Paper Example Introduction Social Commerce, falls under the umbrella of electronic commerce with the notable feature of social media or online networks assisting, recommending or supporting the buying and selling of products. The origin of the term social commerce can be traced back to November 2005, where an article at Yahoo! first used the term social commerce to refer to the phenomenon of user ratings, pick lists and user generated content on the internet. Particularly, â€Å"Facebook, Groupon, Pinterest, LivingSocial, Tabjuice, Cafepress, Etsy and others are examples of social commerce websites† (Pearson & Zehr, p. 429). Importance of Social Commerce The entire idea of social commerce aims at harnessing the power of â€Å"word of mouth marketing†. There is much theoretical and empirical evidence about the power of â€Å"word of mouth marketing† and those customers are willing to trust the recommendation of their friend more than the advertising of a product running on prim e time television (Gibbons, p. 27). This is true because, in the past few decades, the number of advertisements and promotions targeted to individual customers have increased individually. Customers do not even notice most of these promotions, let alone buying the products and services based on those promotions (Davies, p. 108). On the other hand, in the recent past, corporations, businesses and their marketers have been accused of deceptive, manipulative, and deceitful techniques to promote their products in their pursuit of profits, something that has led to a widespread distrust on the advertising messages of corporations. A research from Nielsen, conducted in the year 2010, revealed that when purchasing cars over 90 percent of the customers trust the recommendations and advice of their friends. Only 33 percent of the customers appeared to be trusting advertisements and 59 percent of the customers rely on the input from the side of experts. In fact, another study from Wantlet rev ealed that just over 82 percent of the customers seek social input while purchasing goods and services (Pearson & Zehr, p. 429). Consider the fact that according to the statistics of March 2011, over 3.5 million businesses had their pages on facebook and a significant percentage of these businesses had created their business models around facebook, which meant that they did not have any physical presence (Kotler, Armstrong, Wong & Saunders, p. 37). Consider the example of BlendTec, a blend manufacturer, connects with customers using social media. The company maintains a channel on YouTube, with more than 0.5 million subscribers and statistics indicate that its videos have been viewed at least 181 million times. Furthermore, at least 85000 customers on Facebook and 7300 consumers on twitter read the tips and tricks provided by the company (Gibbons, p. 27). The company believes that maintaining a rigorous presence on the social media converts into added sales because it allows dissati sfied customers to find the solutions of their problems and satisfied customers to recommend the products of the company to other friends. In order to account that whether a particular like of facebook converts into sales, the company provides special coupon codes to its customers and then tracks the whereabouts of the redemption of those coupons (Davies, p. 108). Furthermore, the social media and social commerce efforts of the company are

Using PESTLE framework, analyse the impact of external business and Essay

Using PESTLE framework, analyse the impact of external business and economic environment of your focal organisation that affect its strategic decisions and performance - Essay Example The factors analyzed using PESTLE model includes political, economic, social, technological, and legal and environment (Henry 2008, P.51). Political factors in this case include government policies, conflicts, and wars, pressure groups, trading policies, grand, findings and initiatives and government term and change. Economic factors include general taxation, situation of home economy and trends, market and trade cycles, international economies and trends, factors affecting industries, monetary issues, exchange, and interest rates among others. Social factors analyzed include demographics, lifestyle trends, media views, consumer’ patterns of buying, Company, brand and technology image, lifestyle trends, consumer attitudes and preferences, and religious/ethnic factors. Others include major events and influences, publicity and advertising and changes in laws that impact on social factors. Technological factors include technological advancement, maturity of technology, laws governing technology, and consumer purchasing mechanism among others. Legal factors on the other hand include current and future legislations, European/foreign legislations and regulatory processes and bodies. Finally, environmental factors include corporate social responsibility expectations and awareness, environmental legislations, consumer buying patterns, public awareness on issues affecting the environment and political issues pertaining to the environment (Allen 2010, P.54). Wars and conflicts are some of the elements of the political factors that affect an organization’s strategic decisions and performance. Wars and conflicts usually come because of political instability and lack of democracy in a country. The UK is one of the most stable countries politically, which has witnessed minimal incidences of wars and political unrest for more than 3 decades. This trend is expected remain constant in the future following the measures

Timing of market entry strategy for Samsung Galaxy S5 Research Paper

Timing of market entry strategy for Samsung Galaxy S5 - Research Paper Example More customers are using mobile phones with smart applications and features. The use of smart phones with multiple capabilities and features has become common among the global consumers. In the initial stages of the introduction of smart phones in the market, consumer uncertainty towards the new technology was higher. Over years, the customer preference has come to a level where there is enormous potential for new technologies to attract more consumers easily. Customers are looking for innovative and distinctive features in their smart phones and are experiencing more certainty in using new technologies. The prevailing customer preferences for smart phones coupled with the high end features like latest operating systems, large display, a 16 MP camera, fingerprint identification and other unique features have made it appropriate for Samsung to capture the market by introducing this product. The previous offering of Samsung in mobile phones was the Galaxy S4 which was launched in the first quarter of 2013. The Galaxy S4 was accepted widely and the product had more than 10 million pre orders. The commercial reception as well as the critical reception of the product was impressive. The Samsung Galaxy S5 was launched almost a year after the launch of Galaxy S4 as the immediate successor of the model. However, after the introduction of Samsung Galaxy S5 in the market in 2014, it was noticed that there is only a slight improvement in this model over its predecessors like Samsung Galaxy S3 and S4.

Economic Downturn and Crime Essay Example | Topics and Well Written Essays - 2000 words

Economic Downturn and Crime - Essay Example According to the findings, it can, therefore, be said that the Economic downturn is a period characterized by declines in the economic activities in an economy, an economic downturn may last from months to years and is normally visible within employment, real income, production, and other indicators. As per the past research conducted by Finklea, for example in the United States, the economic downturn does fuel crimes. Figures show an increase in the crime level that resulted from opposition parties, members of different parties fighting each other. In England and Wales, the figures of crime have changed as a result of the economic downturn; records show that the domestic burglaries raised by four percent, forgery and fraud rose by 16% while the burglaries within the businesses rose by 3%. The annual crime statistics for 2014 also show that the crime rate increased in terms of â€Å"fatal stabbings†, the records show an increase of 16% in the number of knife robberies. As per the journal by Finklea the assumptions made by the security officials in 2014 also show that the number of property crimes increased which in most cases accounts for 70% of all the recorded crimes. The estimates are that with the increase in the economic crisis then the crime rate will keep increasing. The public even with the increasing crime rates is still very hopeful in that the crime rates will reduce.

Entrepreneurship class; Business Plan Essay Example | Topics and Well Written Essays - 1500 words

Entrepreneurship class; Business Plan - Essay Example Management is also concerned to handle the financial resources in a proper and efficient way so that all the expenses of the business can be meet by the earned revenue and along with that company can earn sustainable percentage of profit in the business. Epiphany Junior is such kind of program which will provide innovative business ideas and try to bring out entrepreneur skill of individual person. Especially youth generation will be benefitted from this kind of program. This project is going to launch online course study which will help to develop the entrepreneurial behaviour of young generation by using chronological method. Creativeness and modernization are the main focus areas of this particular project. Again the project will help to develop individual quality, personality, knowledge, and attitude and management skill. The business owner of this project wants to expand this business outside Florida also. So he will target the other countries which are based in U.S. where such kind of online educational programs are in high demand. Basically the project is based on Florida. So the domestic market will be the main focus area to achieve maximum success and this success will help to achieve more market share in the other countrie s in U.S. Target customers of this project will not be only the young generation and children but also their parents who want to fulfil their children’s dream in a successful way. If the project can implement such kind of courses which can meet the demand and requirement of the targeted customers then only it will be successful to gain competitive advantages in the market. International online learning market is one of the largest and fastest growing markets in the world especially in U.S. It is forecasted that more significant growth can be observed in this particular market over the next three years. It is also estimated that the growth will increase more than 7 % over the next five years. This industry is in growth

Accounting Study Essay Example for Free

Accounting Study Essay CA1-18 a) The ethical issue is the corporate reporting department is not recording the late entries and reporting incorrect numbers on purpose. b) Troy Normand is acting immorally because as a manager he is not making sure that the numbers are being recorded correctly. c) I would have done what a manager supposed to do and make sure the numbers and late entries are being recorded correctly. d) The major stakeholders are the employees. C-A2-4 A 1) Relevance- accounting information must be capable of making a difference in a decision. Predictive value, confirmatory value, and materiality help make up relevance. 2) Faithful representation- that the numbers and descriptions match what really existed or already happened. Completeness, neutrality, free from error help make up faithful representation. 3) Understandability- decision makers vary widely in the types of decisions they make, how they make decisions, the information they already possess or can obtain from other sources, and their ability to process the information. The quality of information that lets reasonably informed users see its significance. 4) Comparability- Information that is measured and reported in a similar manner for different companies is considered comparable. Enables users to identify the real similarities and differences in economic events between companies. 5) Consistency- is presented when a company applies the same accounting treatment to similar events, from period to period. Through such application, the company shows consistent use o f accounting standards. See more:  The 3 Types of Satire Essay B 1) If I want to buy shares in Pepsi Co I will sacrifice faithful representation for a gain from relevance. I can check the predictive value,  confirmatory value, and materiality of the company for the future value. 2) If I am choosing between two companies General Motors and Toyota I sacrifice relevance and chose consistency to see which company shows consistent use of accounting standards from period to period, to help me make my decision. 3) I am looking to invest in either Toyota or General Motors I sacrifice consistency and gain from using comparability. I can see the differences in the similar companies in a similar manner. 4) If I own shares in General Electric and I see that General Electric issues a three month report that shows interim earnings have declined significantly. I will sacrifice relevance and gain from understandability because of the information and sell my shares. C c) The Decision Usefulness criterion should be used to evaluate trade-offs between information characteristics. CA2-5 a) Realized or realizable, earned. A company realizes revenue when it exchanges products, merchandise, or other assets for cash or claims to cash. Revenue is realizable when the assets received or held are readily convertible into cash or claims to cash. A company delays recognition of revenues until earned. Revenues are considered earned when the company substantially accomplishes what it must do to entitle to the benefits represented by the revenues. B 1) Revenue is realized because it exchanges products for a claim to cash. 2) Revenue is realizable because of the claims to cash and the publication of the magazine every month. 3) Revenue is earned because the company accomplished what it must do to be entitled to the benefits.

Pantaloon Retail Indias Leading Retailers Marketing Essay

Pantaloon Retail Indias Leading Retailers Marketing Essay Pantaloons origin can be traced to 1987 when the company was incorporated as Manz Wear Private Limited. Originally incorporated as Manz Wear Private Limited on October 12, 1987.The Companys name was changed to Manz Wear Limited on September 20,1991, further to Pantaloon Fashions (India) Limited on September 25, 1992 and to Pantaloon Retail (India) Limited on July 7 1999. The company launched Pantaloons trouser, Indias first formal trouser brand. In 1992, Pantaloon launched its IPO. In 1994, The Pantaloon Shoppe exclusive menswear store in franchisee format was launched across the country. Pantaloon started distribution of branded garments through multi-brand retail outlets across the nation. In 2001, Big Bazaar, Indias first hypermarket chain was launched. In 2002, Food Bazaar, the supermarket chain was launched. In 2006, Future Capital Holdings, the companys financial arm launched real estate funds, Kshitij and Horizon and private equity fund Indivision. The company is also planning forays into insurance and consumer credit. The Pantaloon Retail (India) Limited, entered the retail market in 1997 with its first flagship store hosted by Kolkata. Pantaloons began as a fashion retail chain. The Future Group launched it as its introductory venture. Such was its popularity that by the year 2001, many more sub-retail lines were launched that dealt in specific merchandise like footwear, fashion accessories, food, grocery and electronics. Registered Office of the Company: Pantaloon Retail (India) Limited Pantaloon Knowledge House, Shyam Nagar, Off. Jogeshwari Vikhroli Link Road, Jogeshwari (East), Mumbai 400 060 Registration No. 44954/1987 Registrar of Companies at Mumbai, Maharashtra located at Hakoba Mill Compound, Kalachowki, Mumbai 400 033. Headquarters: Mumbai Industry: Retailing Founder: Kishore Biyani Area served: India (7 million square feet of retail space) Parent company: Future Group Website: www.pantaloon.com Retail Industry Retailing is the worlds largest private industry. Retail is the worlds largest private industry with global retail sales of roughly USD 8 trillion. Retailing is also one of the biggest contributors to the Gross Domestic Product (GDP) of most countries and also one of the biggest employers. (Source CII McKinsey Report titled Retailing in India, the Emerging Revolution) In India, however, the retail sector has seen a high level of fragmentation with a large share held by unorganized players. India has a large number of retail enterprises. With close to 12 million retail outlets India has one of the highest retail densities in the world. In terms of the structure, the industry is fragmented and predominantly consists of independent, owner-managed shops. The retail businesses include a variety of traditional retail formats, such as kirana stores which stock basic household necessities (including food products), street markets-regular markets held at fixed centres retailing food and general merchandise items, street vendors mobile retailers essentially selling perishable food items-fruits, vegetables etc and small non specialized retailers. Growth of Organized Retail in India India is expected to show similar trends as Indian consumers in the past have shown an ability to leapfrog evolution cycles as has happened in the case of various consumer products such as mobile phones. KSA Technopak estimates organized retail in India to reach 12% to 13% of the total retail market by 2010 with sales of Rs. 1700-1800 billion, aided by improved real estate infrastructure and easier access to capital. Rs(billion) 2002 2010 Estimated size of retail in India 10,700 14,000 Share of organised retail in India(%) 2 12-13 Size of organised retail in India 225 1700-1800 Source: KSA Technopak The Indian retail industry is evolving in line with the changing customer aspirations across product groups, with modern formats of retailing emerging. Composition of Organized Retail A break-up of sales in organized retail shows Lifestyle (clothing and textile, footwear, home, watches and jewellery and health and beauty) as the largest segment accounting for 73% in value terms. This is followed by food and grocery accounting for 14% of the organized retail value. Break-up of consumers expenditure in organized retail Rapid growth of organized retailing is expected in the food segment. We believe this can be attributed to the highly unorganized nature of the market currently, which thus presents an attractive potential, and the growing preference of consumers to shop at modern retail formats. Clothing is the other segment expected to show high growth potential. Factors affecting changes in the retail sector An analysis of private final consumption expenditure in India suggests that the food, beverages and tobacco segments constitute about 50% of total household expenditure, with clothing and footwear contributing just around 5%. However contribution of food and groceries to organized retailing is just 14%. There are a large variety of retailers operating in the food retailing sector such as independent grocers, fair price shops, food specialists etc. A greater number of higher income Indians, prefer to shop at supermarkets because of convenience, range of merchandise, higher standards of hygiene and the attractive ambience. Among the segments of organized retail, food retail is expected to develop the fastest. Going forward, it is expected that supermarkets will be the fastest growing food retailers. Their sales are expected to grow by about 40% per year during 2003-2008 (Source: Retailing in India Euro monitor 2004 report). We believe the traditional Indian consumer who is now becoming more fashion and brand conscious welcome more sophisticated outlets retailing footwear which is evident from the fact that the consumer spend on footwear has increased from 1% in 1999 to 2.3% in 2003. With growth in incomes, Indians have been spending more on health and beauty products. As in the case of other retailing sectors, small single-outlet retailers also dominate sales of health and beauty products. Another interesting trend that is emerging is the increasing spend on leisure and entertainment. Indian consumers who were traditionally averse to spending money on entertainment have started spending on eating out, movies and theatre. The entry of a large number of foreign consumer durable companies into the Indian market during the 1990s after the government liberalized its foreign investment and import policies transformed the consumer durable sector dramatically. A much larger variety of consumer electronic items and household appliances became available to the Indian customer. Competition among companies to sell their brands provided a strong impetus to the growth for retailers operating in this sector. Modern Retail Formats Some of the modern retail formats and their value positions are given below. Department stores These large stores retail primarily non-food items such as apparel, footwear, accessories, cosmetics and household products. They stock multiple brands across product categories, though some of them focus on their own store label (on the lines of Marks Spencers and St. Michael). Several local department store chains have opened shop in India in the past five years. We believe the convenience factor coupled with the aspirational perception of shopping in a department store has contributed to their growth. The larger chains of department stores (Namely Pantaloons, Shoppers Stop,Westside and Lifestyle) have presence in the metros and mini metros. Supermarkets A supermarket is a store which is more of a large self-service grocery store selling groceries and dairy products and household goods that are consumed regularly. These are neighborhood stores offering home and personal care products and food products that a typical household consumes on a day to day basis. These stores offer convenience of shopping by making available a large variety of products at one place. Some of the well known supermarket chain includes Food Bazaar, Nilgiris, Food World, Apna Bazaar, Trinethra etc. Hypermarkets/Discount stores A hypermarket is a store which combines a supermarket and a department store. The result is a retail facility which carries an enormous range of products under one roof, including full lines of fresh groceries and apparel. It is a large format store that aims at retail consolidation by being a single point contact between the brand owners and customers. They are planned, constructed, and executed in a manner that a consumer can ideally satisfy all of their routine weekly shopping needs in one trip to the hypermarket. Large variety of products is available at reasonable prices with discounts built in for volume purchased. Big Bazaar, Spencers, Star India Bazaar are examples of hypermarket formats. Seamless Mall Seamless mall is a format which is relatively new in India. In this format, various brands operate their retail areas without any wall between them, providing a seamless shopping experience. This makes it possible for shoppers to compare brands with ease while they shop. We believe this also means that the store can reallocate space more easily based on merchandise/brand performance and customer feedback. Besides offering apparels, accessories and lifestyle products these malls are also equipped with entertainment and leisure facilities. Central is an example of a seamless mall. Speciality stores Specialty stores as the name suggests are stores that specializes in a particular offering. A specialty store carries a deep assortment within a narrow line of goods. Furniture stores, florists, sporting-goods stores, and bookstores are all specialty stores. Examples of specialty stores in India would include Planet Sports, aLL, Planet M, Musicworld, Crossword etc. FUTURE GROUP Introduction Retail forms the core business activity at Future Group and most of its businesses in the consumption space are built around retail. Future Groups retail network touches the lives of more than 200 million Indians in  73 cities and 65 rural locations  across the country. The group currently operates around  1,000 stores  spread over  16 million square feet  of retail space. Present in the value and lifestyle segments, the groups retail formats cater to almost the entire consumption expenditure of a wide cross-section of Indian consumers. GROUP VISION Future Group shall deliver Everything, Everywhere, Every time for Every Indian Consumer in the most profitable manner. GROUP MISSION We share the vision and belief that our customers and stakeholders shall be served only by creating and executing future scenarios in the consumption space leading to economic development. We will be the trendsetters in evolving delivery formats, creating retail realty, making consumption affordable for all customer segments for classes and for masses. We shall infuse Indian brands with confidence and renewed ambition. We shall be efficient, cost- conscious and committed to quality in whatever we do. We shall ensure that our positive attitude, sincerity, humility and united determination shall be the driving force to make us successful. The Future Group in its turn has many verticals other than just Pantaloons and its associated fashion retail chain. In fact, there are 6 verticals in all under the domain of the Future Group that almost covered the entire scope of Indian consumption. These 6 are: Future Retail (retail related) Future Capital (Finance related) Future Brands (Brand Management related) Future Space (Real Estate related) Future Logistics (Management and Distribution related) Future Media (Retail Media Management related) Led by Pantaloon Retail, the Future groups flagship company, the group manages some of Indias most popular retail chains like; Fashion: The group offers a variety of options in fashion. Its brands include aLL, Blue Sky, Central, Etam, Fashion Station, Gini Jony, Navaras, Pantaloons, and Top 10. Food: In food business, the group offers a host of options. Food Bazaar a chain of large supermarkets; Brew Bar a beer bar; cafà © Bollywood a national chain of eateries; Chamosa a pan-Indian chain of snack counters, and Sports Bar a bistro focused on the world of sports. Home Electronics: Options include: Collection i a lifestyle furniture store; Electronics Bazaar offers branded electronic goods and appliances; e-zone trendiest electronics items; Furniture Bazaar entire range of Home Furniture; Home Town one stop destination for all the home needs. Leisure Entertainment: Options are: Bowling Co. state-of-the-art premium family entertainment centre, offering multiple, novel and unique leisure and entertainment options; F 123 offers a wide range of gaming options ranging from bowling and pool to redemption and interactive video games to bumper cars. Wellness Beauty: Options are: Health Village a state-of-the art spa and yoga centre; Star Sitara: Beauty salon for men and women; Tulsi provides access to the best allopathic, ayurvedic and homeopathic medicinal products; Turmeric offers beauty products like colour cosmetics, fragrances, herbal and specialty skin items, hair products and bath accessories. Books Music: Future Groups brand Depot offers Books, CDs, and stationery items. The group also operates Indias leading rural retailing chain,  Aadhaar  that is present in over 65 locations in rural India. Aadhaar, an agri-service cum  rural retail initiative, provides a complete solution provider for the Indian farmer.   PANTALOONS FRESH FASHIONS From our beginning in 1987, we have today evolved as one of the leading manufacturer-retailer and are among the pioneers in setting up a nation-wide chain of large format stores in India. We believe that the various initiatives taken by us have played a key role in enhancing the standards of retail in the country. We started our operations by selling branded garments under Pantaloon, Bare and John Miller brands. We set up our first menswear Pantaloon Shoppe Outlet in 1993. Our business has grown from one store in Kolkata in 1997 occupying an area of 8,000 Sq ft to 72 stores, apart from our 22 factory outlets located in the multiple cities occupying an aggregate area of 21,07,608 Sq. ft. We focus on the Lifestyle segment through 14 Pantaloon stores, 3 Central Malls, 2 aLL, 2 Fashion Station and 1 MeLa store. In the Value offering, we cater to the mass through our 21 Big Bazaar and 30 Food Bazaar outlets. Pantaloons believe that managing customer expectation by offering them all the requirements for their entire family under one roof is the key to being a successful retailer, and hence have built our business model around Family focus rather than individual focus. They believe addressing the family attracts more customers into the store. They retail a range of branded and Private Label apparel, footwear, perfumes, cosmetics, jewellery, leather products and accessories, home products, books, music and toys in our stores. To complete the idea of a family store, besides garments, we also retail household items, consumer durables, and home furnishings, apart from food and personal care products. This is complemented by cafes, food stalls, entertainment, personal care and various beauty related services. Promotions and events are an integral part of our service offering to our customer, which helps us create a unique shopping experience. They have also entered into partnerships/joint ventures to expand our offerings from home to apparel to household products to durables etc. They believe their focus on customers supported by systems and processes and a committed work force are the key factors that have contributed to our success and will help us scale up as we embark on our strategic growth plan. Core values followed by Pantaloons, India à ¢Ã¢â€š ¬Ã‚ ¢ Indianness: To boast confidence à ¢Ã¢â€š ¬Ã‚ ¢ Flow: To understand and respect the global nature laws. à ¢Ã¢â€š ¬Ã‚ ¢ Adaptability: To become adaptable and flexible to accomplish the challenges. à ¢Ã¢â€š ¬Ã‚ ¢ Positivity and simplicity, in the business thought and action. à ¢Ã¢â€š ¬Ã‚ ¢ To nurture and maintain long-term relationships. à ¢Ã¢â€š ¬Ã‚ ¢ To be receptive and open to the innovative ideas, information and knowledge. à ¢Ã¢â€š ¬Ã‚ ¢ To value every customer and being modest in the conduct. Major Achievements of Pantaloon Retail Chosen as International Retailer for the Year 2007 Chosen as Emerging Market Retailer of the Year 2007 Best Employers in India (Rank 14th) in the Hewitt Best Employers 2007 survey. Best Managed Company in India (Mid-cap) for the year 2006. Won Images Retail Awards 2006 for Best Value Retail Store, Best Retail Destination, and Best Food Grocery Store. Retail Face of the Year Kishore Biyani Most Admired Food Grocery Retail Visionary of the Year: Kishore Biyani Positioning In the Life-style segment (Pantaloons) the positioning of the store is very different. The store is very open and has a soothing music when the customer enters. The store is very open and spacious; the door of the store is always open which is inviting customers. Since the store is very spacious Pantaloons has segmented its products in a Demographic way and this is the same in all the outlets .The entrance would have the cosmetics jewellery etc then is the ladies section which first has the Indian wear then the western after that its the mens wear and then the sportswear. Pantaloons brands like UMM, DJC are always positioned at the eyelevel. There is a lot of detailing on the presentation of the products which are then displayed on the mannequin. The company would place its beat products on the mannequin. Pantaloon always positions its product at a place where the consumer would see the product once and is easy to locate. Location plays a major role in positioning the product in their store to enhance sale. The company would also position itself according to the needs of the youth because it is the target market and likes things fresh. BUSINESS STRATEGY Promotional Strategy:- Under the market strategy promotional idea is very important. Organization provides some schemes or rebates to retailers or consumers. They make advertisement according to convenient of the people and the feature of the product. So, on the basis of marketing strategy an organization runs in the market. It is several types of which makes helpful to increase sales and turnover of the organization. Pantaloons is the first company to promote their products through movies like Na Tum Jano Na Hum and many others, since the companys focus is youth they tend to promote their products through youth icons like Mahendra Singh Dhoni, Bipasha Basu, they also tend to sponsor events which are watched by the youth like the Pantaloons Femina Miss India which they relate to or is liked by the youth. The company also promotes its products through discounts. For Example-In Pantaloons (life style segment) on a purchase of one t-shirt(UMM) you would have to pay Rs349 and on a purchase of two one would buy it for Rs549.The company keeps yearly or quarterly discounts. Pantaloon majorly promotes its brands through promotions in events which involve youth like Malhaar, Umang and popular college festivals etc. Sectoral Strategies: India has been a country which followed the concept of an organized retail till very recently when the real retail boom happened. The major change was brought in by Pantaloon and Shoppers Stop. Both these companies belonged to a family and the concept of malls started in India and within 5 to 9 years has become a huge sector. Retail contributes 10% to Indias GDP. The retail sector in the country is around $350billionand is expected to grow at a very smooth pace. The organized retail sector is segmented into different types like the hyper market, departmental store, specialty stores ,discount stores and there are other types. PRODUCT CATEGORY Pantaloon sold apparels and accessories categorized under:- Mens formal Mens casual Ladies ethnic Ladies western Childrens wear Pantaloon develops three types of merchandise:- Classic type Fashion type Collection type LOYALTY PROGRAM Green Card Your Green Card is your passport to a whole new world of exclusive benefits and privileges. Instant discount* for every time you shop at Pantaloons Exclusive shopping days to get hold of latest merchandise Regular updates on collections and promos via catalogues, sms and email Special invites to the most happening events Extended exchange periods and complimentary drops for alterations Exclusive billing counters and much more * Categories valid for Green Card Discounts: Apparel, Perfumes Cosmetics, Toys, Bluesky, aLL, Depot, Planet Sports Accessories. MEMBERSHIP When you shop with Green Card, you get rewarded instantly, Online purchases are currently not eligible for Green Card discounts or counted in your purchases. This feature would be available in the near future. 1 Star Members Gift Voucher worth Rs. 200 on enrolment 3 Star Members 5% discount on every purchase 5 Star Members An exclusive 7.5% discount on every purchase 7 Star Members Present your card for the swipe every time you make a purchase at Pantaloons. HOW TO UPGRADE YOUR GREEN CARD Membership 12 month Purchase-based Upgrading System Three Star Card   Upgrade to a 3 star status by shopping for Rs. 8000/- immediately preceding 12 months of current shopping date. Five Star card   Upgrade to a 5 star status by shopping for Rs. 20000/- immediately preceding 12 months of current shopping date. Seven Star   Upgrade to a 7 star status by shopping for Rs. 40000/- immediately preceding 12 months of current shopping date. 12 month Purchase-based Upgrading System   When you shop at Pantaloons and your total purchase (including that day) in the previous 12 months totals to the criteria value of the next tier, you upgrade to the next status. Membership Validity 1 Star card is valid for a period of 2 years from the date of enrolment. 3, 5 and 7 star cards are valid for a period of one year from the date of upgrade. Membership Renewal Purchase worth Rs. 8000 within 2 years of card issue date and retain a 1 star status Purchase worth Rs. 8000 within 1 year of card issue date and retain a 3 star status Purchase worth Rs. 20000 within 1 year of card issue date and retain a 5 star status Purchase worth Rs. 40000 within 1 year of card issue date and retain a 7 star status. SWOT ANALYSIS OF PANTALOONS Strength Pioneer in the industry, largest market share and capitalization.   Reputation for value for money(Competitive pricing), convenience and a wide range of products all in one store   Presence in major cities   Highly Strategic human resource management and development. It invests time and money in training people, and retaining them.   Most trusted and respected brand by the consumers   Being financially strong helps pantaloons retail India deal with any problems, ride any dip in profits and out perform their rivals   Development and Innovation are high at Pantaloons India with regards to it products and consumer preferences and lifestyle changes which keep its ahead of its competitors. Weakness Pantaloons does not function internationally, which has an effect on success, as they do not reach consumers in overseas markets.   PRIL is the Worlds largest grocery retailer and control of its empire, despite its IT advantages, could leave it weak in some areas due to the huge span of control   Since Pantaloons Retail India Ltd sell products across many sectors, it may not have the flexibility of some of its more focused competitors.   Each business line faces competition from specialty companies. Fashion segment, Shoppers Stop, Trent, Lifestyle. In hypermarket-RPG (Spencers),Trent (Star India Bazaar) In Food business, Reliance Fresh, Spinach, Food World Opportunities   Huge untapped market   (The Indian middle class is already 30 Crore is projected to grow to over 60 Crore by 2010 making India one of the largest consumer markets of the world)   Organized retail is only 3% of the total retailing market in India. It is estimated to grow at the rate of 25-30% p.a. and reach INR 1, 00, 000 Crore by 2010.   To take over, merge with, or form strategic alliances with other global retailers, focusing on specific markets   New locations and store types offer PRIL opportunities to exploit market development.(Diversification into insurance , property, and variety of products and stores)   Opportunities exist for PRIL to continue with its current  strategy  of large, super centres.   Rural Retailing Threats   Being number one means that you are the target of competition. (Extra competition and new competitors entering the market could unsteady pantaloons retail India)   A slow economy or financial slowdown could have a major impact on pantaloons retail India business and profits.   Consumer lifestyle changes could lead to less of a demand for pantaloons retail India products/services   Price wars between competitors, price cuts and so on could damage profits for pantaloons retail India.   The actions of a competitor could be a major threat against pantaloons retail India, for instance, if they bring in new technology or increase their workforce to meet demand   Shopping Culture: Shopping culture has not developed in India as yet. Even now malls are just a place to hang around with family and friends and largely confined to window-shopping.   If  unorganized retailers are put together, they are parallel to a large supermarket with  little overheads, high degree of flexibility in merchandise, display, prices and turnover. COMPETITORS In the fashion segment, they face competition from Shoppers Stop, Trent, Westside and Lifestyle. Though the hypermarket is new, only three to four years old, in the country competition is faced from likes RPG (Spencers), Trent (Star India Bazaar) and with Shoppers Stop . In the Food business competition is faced from Subhiksha and Food World. Its major competitors are Westside, Globus, and central. With a sales turnover in 2008-09 FYof Rs. 5048.91 cr, pantaloon has been a clear market leader with the next competitor being Shoppers Stop with a turnover of Rs.1244.79 cr. The numbers suggest that Pantaloon has had no competition at all. Another interesting statistic is about the Pantaloons net profit for FY 2008 in comparison to Shoppers Stop. Pantaloon had a net profit of Rs.125.94 cr, while Shoppers Stop had an loss of Rs.63.72 cr. Clearly Pantaloon remains the market leader as far as retail is  concerned. INTERNATIONAL RETAIL ENTERING INDIA International retailers Indias vast middle class with its expanding purchasing power and its almost untapped retail industry are key attractions for global retail giants wanting to enter newer markets. The Australian governments National Food Industry Strategy and Astride  initiated a test marketing food retail in India wherein 12 major Australian food  producers have tied up with India-based distributor AB Mauri to sell their  products directly at retail outlets. US-based home delivery and logistics company, Specialized Transportation Inc, will enter the Indian market through a strategic alliance with Patel Retail, a subsidiary of Patel Integrated Logistics. Wal-Mart has announced its plans for India in partnership with Bharti, US coffee chain Starbucks is well on its way to set up its first store in India this year. US based Tommy Hilfiger has tied up with Creative Portico, a Mumbai based home textiles company, to sell its home textiles and furnishings in India. Alfred Dunhill, a UK-based luxury mens brand, has tied up with Brand house Retail Ltd. for its India venture and will be opening four stores in the country. THE ROAD AHEAD Pantaloon planed to expand its retail stores to small cities like lucknow, Nagpur etc. By the end of 2005, pantaloon is expected to have 30 food bazaars,22 big bazaars,21 pantaloons 4 centrals. Pantaloon also had planned to venture into footwear, consumer durables, music car accessories retailing. The company also had a forged alliance with a sports retail footwear company called Royal sports house. As a repositioning, Mr. Biyani has planned to give a new makeover to pantaloons. To re-establish and rejuvenate its existing brands, pantaloons intended to spend INR 2 crores additional INR 1 crore on its upcoming brand. The company was planning to reduce the number of vendors for both Pantaloons and Big bazaar. To meet its growing technology meet, they planned to deploy a retail ERP solution, which would support functions such as HR Marketing. Pantaloons planned to launch a B2B portal, to bring transparency in the value chain. CONCLUSION Pantaloon Retail (India) Ltd is a company where it strives for Pantaloon Retail (India) Ltd is a company where it strives for lifestyle and value through its products and services. Through the study, it is observed that pantaloon can be said an organization where the Ps of marketing is taken seriously for the maximum profitability through large range of products, promotional activities for the company and a solid sales organization monitoring that the Ps are worked effectively. The stores has been well maintained in accordance with the latest demands of the maintained in accordance with the latest demands of the consumers and through all these strategies Pantaloon ensures repeated customer patronage.