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Assignment No: 01
Assignment Topic:
Customer attraction & customer retention of Banglalink.
Submitted to:
Rashedur Rahman
Assistant professor
Course Name: Marketing Management
Course code: MKT-212
Submitted by:
Rahatul Hasan Khan Pathan
ID:132401107
Letter of Transmittal
05-04-2015
Rashedur Rahman
Assistant Professor
Dept. of Business Administration.
Shanto-Mariam University of Creative Technology.
Sir,
I want to submit my assignment on Customer attraction & customer retention of Banglalink. I am
submitting this assignment as a part of my course Marketing Management.
Therefore, I need your kind attention to assess my report considering the limitations of the
information included. Your kind suggestion will encourage me to perform better research work in
future.
Yours sincerely,
Rahatul Hasan Khan Pathan.
ID: 132401107
Acknowledgement
I would like to convey my immense gratitude to those who have helped me in all the way to
prepare my report. First of all, I would like to thank Rashedur Rahman Assistant Professor. Dept.
of Business Administration. Shanto-Mariam University of Creative Technology. For giving me the
opportunity do I report under his supervision, and for his unending support and providing the necessary
Help for the completion of this report.
I would convey my special thanks to my elder brother whom endless encouragement and
Inspirations have enabled me to work on and for being a guide on every other aspect of my life.
Table of contents
Serial
Particulars
1
2
3
4
5
6
Page
Cover Page
Letter of Transmittal
Acknowledgement
Table of contents
List of Figures
Chapter One
1
2
3
4
5
6.1
6.2
6.3
7
Introduction
Objectives of the Study
History
Chapter Two
5
8
9
7.1
7.2
Methodology
Source of data
10
10
7.3
8
Limitation
Chapter three
10
8.1
10
Review of literature
Chapter Four
24
10.1
11
26
11.1
References
25
List of Figures
Serial
01
02
03
04
Page No
8
13
14
Business Portfolio
15
05
21
Market Segmentation
06
22
Executive Summary
Executive Summary The objective of the report is to find out the Customer attraction and
retention of Banglalink.
After researching on this company I have found that, It is the process of developing and
maintaining a strategic fit between the organization goals and capabilities and its changing
marketing opportunities .It involves defining a clear company mission, seating supporting
objective ,designing a sound business portfolio and coordinating functional strategies.
In target market selection they are following full market coverage. Their effective ways of
positioning help them much to increase their profit.
Introduction
Banglalink aims to understand peoples' needs best and develop appropriately
Communication services to improve peoples' life and make it simple. All our work is aimed
towards meeting our vision. All members of the Banglalink family are highly passionate
individuals, fully committed to achieving the vision that we have set ourselves. Our customers'
needs matter most to us- making their life simple and improving it is all we want. To ensure our
vision is achieved, we have set ourselves a few values, we want to be:
Steps of Banglalinks vision
1. Straight Forward
2. Reliable
3. Innovative
4. Passionate
All the Banglalink family members have one thing in common- a passion to serve. We want to go
that extra mile, so that you can have the best possible service Investing in the future of
Bangladesh.
Making a difference
The biggest barrier today for people is the cost of handsets. We will strive to lower the total cost
of owning a mobile. We are here to help make a difference in people's lives by providing
affordable and reliable connectivity solutions. We will strive to connect people and link their
lives by listening to them and by understanding their needs. We are here to help you speak your
language.
Type
Subsidiary
Industry
Telecommunication
Founded
November, 1996[1]
Headquarters
Tiger's Den, House no. 4, sw, Bir Uttam Mir Shawkat Sharak, Gulshan - 1, Gulshan P.O. Box
# 0191 and 0199 Dhaka,Bangladesh
Area served
64 districts
Key people
Products
Telephony, GPRS
Revenue
Parent
VimpelCom Ltd.
Slogan
Website
www.banglalink.com.bd
To find out the strategies need to implement for achieving its long term goal.
10
History
Orascom Telecom Holding purchased 100% of the shares of Sheba Telecom (Pvt.) Limited
(Sheba) in September 2004. OTH operates a GSM network in Bangladesh and provides a
range of prepaid and postpaid voice, data and multimedia telecommunications services. As
of March, 2006, Banglalink served more than 1.5 million subscribers. Banglalink estimates that
it had a 13.1% market share of total mobile subscribers in Bangladesh.
License:
Banglalinks license is a nationwide 15-year GSM license that expires in November 2011. It was
acquired for US$ 60 million and re-branded and launched its services under Banglalink in
February 2005.
11
Methodology
Methodology
Methodology means state of order or orderliness. The state of order in which research planning
activities are conducted is called research planning methodology. They are put in sequence
according to the orders how the research is conducted.
Area selection
I selected the Ajompur , uttara as my study area. Since I reside nearby this. Moreover this is a busy
commercial area and there are two customer care center within short distance.
Rajuk Cosmo Shopping Complex, Plot # 71, Sec - 7 , Azampur. Uttara Model Town. P.C.
1230, Uttara. Dhaka.
12
Due to time limitation, many of the aspects could not be discussed in the present report.
Since the Customer care point personnel were very busy, they could not pay enough time.
I had to base on secondary data for preparing this report.
13
MARKETING VISION
"Banglalink understands people's needs best and will create and deliver appropriate
communication services to improve people's life and make it easier"
All the Banglalink family members have one thing in common- a passion to
serve. They want to go that extra mile, so that the customers can have the best
possible service.
Banglalink believes that teamwork is their greatest asset. Useful contributions made by
each individual bring them that much closer to their goals. The Banglalink family is made up of a
group of passionate individuals, uniquely qualified from diverse disciplines but working towards
their vision.
The biggest barrier today for people is the cost of handsets. Marketers at Banglalink are
determined to strive to lower the total cost of owning a mobile. They are here to help make a
difference in people's lives by providing affordable and reliable connectivity solutions. They
promise to strive to connect people and link their lives by listening to them and by understanding
their needs. They also vow to help the customers speak their language
14
15
16
It is the process of developing and maintaining a strategic fit between the organization goals and
capabilities and its changing marketing opportunities .It involves defining a clear company
mission, seeting supporting objective ,designing a sound business portfolio and coordinating
functional strategies.
17
As a growing company the strategic planning of Banglalink are made very carefully and tactfully
analyzing various things in market.
1. Defining Mission
Like other companies Banglalink has a specific mission through which it want to operate its
activity and gain profit
Mission
Now we speak in your language
Market demand
Customer attitude
3.Business Portfolio:
18
The major activity of strategic planning is business portfolio. Banglalink design its portfolio by
BCG matrix. It is method by which market share and growth rate of an unit or product are
evaluated.
Prepaid M2MStars
Post paid Upper Class..Cash Cow
Prepaid Standard. Question Mark
Corporate PackageDogs
4.Planning Marketing
Banglalink Plans its marketing Operation and stretegies in followin way.
19
Pricing Strategy
The second element in the marketing mix is pricing. Pricing strategy is another marketing
technique that can be used to improve a banks overall competitiveness. The key to success is to
have a well planned strategy, to establish policies and to constantly monitor prices and operating
costs to ensure profits. An important part of the pricing strategy is determining how product or
service is priced.
Distribution Pricing
This component of the marketing mix is related to the distribution of services to the ultimate
customers. Services that require the customer to go to the producer must be as accessible as
possible
Promotion Strategy
Promotion is the function of informing, persuading, and influencing the customers decision
process. The Promotional Channels are
Website, Advertising Television, Radio, News Paper, Pamphlet, Direct mail, Magazines,
Billboard, Public Relation press kites, Seminar, Annual Report, Donations, Sponsorship,
Community relations, Personal selling
20
Target Marketing
It's important to remember that the focus of marketing is people. If you're
concentrating your efforts on your product or profit only, you'll miss the mark. The
term target market is used because that market - that group of people - is the
bull's eye at which you aim all your marketing efforts.
So, don't forget that a market is people - people with common characteristics
that set them apart as a group. The more statistics you have about a target market,
the more precisely you can develop your strategy. The table below shows some
examples of market segments (or groups).
Type of Market
Segment
Demographic
Segment
Psychographic
Segment
Use-based
Segment
Benefit Segment
21
Type of Market
Segment
Geographic
Segment
Here are examples of target segments that can be created using the above table:
Women business owners between the ages of 25 and 60 earning more than
$25,000 annually form a demographic segment.
People who drive compact cars due to their fuel efficiency form a benefit
segment.
Market Segmentation
The purpose for segmenting a market is to allow your marketing/sales program to
focus on the subset of prospects that are "most likely" to purchase your offering. If
done properly this will help to insure the highest return for your marketing/sales
expenditures. Depending on whether you are selling your offering to individual
consumers or a business, there are definite differences in what you will consider
when defining market segments.
Category of Need
The first thing you can establish is a category of need that your offering satisfies.
The following classifications may help.
For businesses:
22
wide communications system. This purchase decision will be made by the
prospect's top level operations management.
Functional - your offering deals with a specific function within the enterprise
such as data processing, accounting, human resources, plant maintenance,
engineering design, manufacturing, inventory control, etc. This is the most
likely domain for a product or service, but you must recognize that the other
domains may also get involved if the purchase of the product or service
becomes a high profile decision. This purchase decision will be made by the
prospect's functional management.
The Six System Diagnostic Model derives its name from the fact it provides for the analysis of six (6)
key external and internal business systems or factors as part of the strategic planning process. Following
the analysis, you will be able to identify the challenges and corresponding issues they pose to your your
organizations key products and services. You will then develop the corresponding strategies to address
those challenges.
23
I
General Environment
(Government; Economy; Socio-Demography; Technology)
III
Industry
&
Competition
IV
Marketing
Mix
(Outputs)
A
B
V
Internal
Resources
Competitors
VI
Inputs
24
Market Positioning
Falling in love! As entrepreneurs, we do it every day. Our passionate belief in, and
commitment to, our product (or service) makes all things seem possible. The most
successful entrepreneurs learn to transform their passion into position.
Positioning is a perceptual location. It's where your product or service fits into the
marketplace. Effective positioning puts you first in line in the minds of potential
customers.
As individuals, we continually position ourselves. The responsible older sibling, the
class clown, a number cruncher, a super genius are all examples of positioning.
These identifiers help us define ourselves and distinguish our abilities as unique and
different from other people.
Positioning is a powerful tool that allows you to create an image. And image is the
outward representation of being who you want to be, doing what you want to do,
and having what you want to have. Positioning yourself can lead to personal
fulfillment. Being positioned by someone else restricts your choices and limits your
opportunities.
That's why it's so important for entrepreneurs to transform their passion into a
market position. If you don't define your product or service, a competitor will do it
for you. Your position in the market place evolves from the defining characteristics
of your product. The primary elements of positioning are:
Pricing. Is your product a luxury item, somewhere in the middle, or cheap, cheap,
cheap.
25
Quality. Total quality is a much used and abused phrase. But is your product well
produced? What controls are in place to assure consistency? Do you back your
quality claim with customer-friendly guarantees, warranties, and return policies?
Service. Do you offer the added value of customer service and support? Is your
product customized and personalized?
Distribution. How do customers obtain your product? The channel or distribution is
part of positioning.
Packaging. Packaging makes a strong statement. Make sure it's delivering the
message you intend.
Positioning is your competitive strategy. What's the one thing you do best? What's
unique about your product or service? Identify your strongest strength and use it to
position
your
product.
MARKET POSITIONING
OF
BANGLALINK
COVERAGE
Banglalink wants to expand its network all through Bangladesh. The more mobile
companies expand their coverage and maintain quality, the better the products
acquire position in the market. Banglalink gives the highest importance on the
quality of the coverage to ensure that the customers have the best experience
while using the service. It is expanding its network very fast to cover all districts of
Bangladesh by the end of 2006, but at the same time it is committed to maintain
the quality of service where-ever it offers the service.
26
Banglalink decide to occupy 1 st position in the selected segment. It is trying to
implant brand unique benefit and differentiation in the mind of consumers It is
maintaining competitive advantage over its competitors in following areas.
Free sms
27
Review of literature
Review of literature
Here are 8 famous quotations that deal with business strategy,
.
1. Victorious warriors win first and then go to war, while defeated warriors go to war first and
then seek to win.
Sun Tzu
2. The essence of strategy is choosing what not to do.
Michael E. Porter
3. "However beautiful the strategy, you should occasionally look at the results."
Winston Churchill
4. "The best CEOs I know are teachers, and at the core of what they teach is strategy."
Michael Porter
5.
"The aim of marketing is to know and understand the customer so well the product or
service fits him and sells itself."
Peter Drucker
6. "The purpose of a business is to create a customer."
Peter Drucker
7. "Sound strategy starts with having the right goal."
Michael Porter
8. "Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise
before defeat."
Sun Tzu
28
References
http://www.shaon84.com/ewueducation/assignment/mkt1011.pdf
https://www.scribd.com/search-documents?
query=marketing+strategy+of+coca+cola+in+bangladesh+doc
http://en.wikipedia.org/wiki/Banglalink
http://www.banglalink.com.bd/en/
29
30
Conclusion
This paper highlights some of the existing marketing strategies adopted by Banglalink.
Banglalink as a novice cellular company has improved its condition within a very short time. It
was done because of the right decision and proper marketing policy of the company. The
marketing plan of the company has proven right for the organization because its spreading its
business gradually. Banglalink introduced a cheap rate for the first time in Bangladesh.
Banglalink maintains relationship marketing policy as well. So, Banglalink enjoyed boost in
sales. At the same time Banglalink takes better position in consumer mind.