Product differentiation in indian market
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Product differentiation in Indian Market
By Arbaaz Khan
MBA 1st A
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Product Differentiation In Indian Market
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Product differentiation
Product differentiation is a business level
strategy in which firms attempt to create
and exploit differences between their
products and those offered by competitors.
These
differences may lead to competitive
advantage if customers perceive the
difference and have
a preference for the difference.
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Basis of product differentiation
Form : Many products can be
differentiated in form – the size, shape, or
physical structure of a product.
Basis FormFeaturesCustomizat ionPerformance Quality Conformance qualityDurabilityReliabilityReparabilityStyle
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Features : Most products can be offered
with varying features that supplement their
basic function.
Basis of product differentiation Basis FormFeaturesCustomizat ionPerformance Quality Conformance qualityDurabilityReliabilityReparabilityStyle
Digital Twin Spark Plug Ignition.
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Customization : Marketers can
differentiate products by making them
customized to an individual.
Mass customization is the ability of the
company to meet each customers
requirement – to prepare on a mass basis
individually designed products, services,
programs and communications.
Basis of product differentiation Basis FormFeaturesCustomizationPerformance Quality Conformance qualityDurabilityReliabilityReparabilityStyle
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Performance quality : is the level at which
the product's primary characteristics
operate. Most product are established at
one of four performance levels : low,
average, high, or superior.
Basis of product differentiation Basis FormFeaturesCustomizat ionPerformance Quality Conformance qualityDurabilityReliabilityReparabilityStyle
Daag achhe hain
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Basis FormFeaturesCustomizat ionPerformance Quality Conformance qualityDurabilityReliabilityReparabilityStyle
Conformance quality : is the degree to
which all the produced units are identical
and meet the promised specifications.
Basis of product differentiation
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Basis FormFeaturesCustomizat ionPerformance Quality Conformance qualityDurabilityReliabilityReparabilityStyle
Durability : is a measure of the product`s
expected operating life under natural of
stressful conditions, and a valued attribute
for certain products .
Basis of product differentiation
Har nirmaan ki jaan
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Basis FormFeaturesCustomizat ionPerformance Quality Conformance qualityDurabi l i tyReliabilityReparabilityStyle
Reliability : is a measure of the probability
that a product will not malfunction or fail
with in a specified time period.
Basis of product differentiation
Its more than just oil. Its Liquid Engineering
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Basis FormFeaturesCustomizat ionPerformance Quality Conformance qualityDurabi l i tyRel iabi l i tyReparabilityStyle
Reparability : is measure of the ease of
fixing a product when it malfunction or fails
Basis of product differentiation
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Basis FormFeaturesCustomizat ionPerformance Quality Conformance qualityDurabi l i tyRel iabi l i tyReparabilityS t y l e
Style : describes the product`s look and
feel to the buyer .
Basis of product differentiation
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conclusion
As India is one of the most populated and
developing country with most of the people
living in the middle class status, the needs
of these customers are:-
Durability
Features
Performance quality
Style
All the above with an affordable price
range .
That is why these are the most common
basis of product differentiation in India.
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