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DECLARATION
I hereby declare that the project report entitled FUTURE FEASIBILITIES OF LUTRON IN INDIAN MARKET is the produce of my sincere effort. This Summer Internship Project Report is being submitted by me alone, at RBS, Rai Business School, New Delhi for the partial fulfillment of the course MBA, and the report has not been submitted to any other educational institutions or for any other purpose whatsoever.
Gaurav Shrivastava
LIST OF CONTENTS
INTRODUCTION
Why Lutron: Since 1961, Lutron has led the way in lighting control: For more than 40 years, Lutron has been committed to product innovation, superb quality and unparalleled customer service. These attributes make Lutron the first choice of many of the world's foremost architects, engineers, homeowners, lighting designers and contractors. This guide will help you choose and install the most innovative lighting controls in the industry. Lutron is all about solid state dimmers. Lutron also involved in light switching and Lutron provide different ranges to use light. (20%, 40%, 60%, 80% etc.).
Ease of installation: Installation is simple and easy. Generally, dimmers will install just like a standard on/off switch. No callbacks: Lutron offers you the highest quality in the industry, which means no callbacks. Install a Lutron product and it will work the first time, every time. Energy savings as compared to a switch: Dimming the lights 10% 25% 50% 75% Dimming the lights: saves energy extends the life of light bulbs saves homeowners time and money
Makes bulbs last longer 2 times longer 4 times longer 20 times longer >20 times longer
Service: Lutron supports you with the best service in the industry, including a free customer helpline 0800.282.107. Why Lutron Dimmers: TRIAC based dimmer which does chopping of current. Why Dimming: Energy Saving Dimming reduces energy consumption.
Saving cost by extending the lamp life. Gaurav Shrivastava Lutron Project Report - 4
Comfort Dimming provides comfort to eyes. Flexibility Change the light levels for different activities.
Add versatility to dinning, living, and entertainment room. Adapt the lighting in conference rooms, partition able space for multi
purposes. Productivity Reduce glare at computer workstation. Aesthetics Dim to create the perfect mood. Bring focus on products or display window.
Lamp The part which glows is called lamp. Lamp Type Lamps To Use Incandescent Halogens Cold Cathode MLV(Magnetic Low Voltage)/ELV(Elect ronic Low Voltage) Par Lamps CFL(Compact Florescent Light) FTL(Florescent Tube Light) LED
Transformer/Direct
Ballast Electronic Magnetic Dimmable Ballast 0-10V 1-10V DALI(Digital Addressable Lighting Interface) CFL
Driver
To Dim
Direct Dimmable
Load Type
Incandescent 25w,40w,60w,100 w Halogens 12V/50w 60w,100w(rarely used) Cold Cathodes Defined by length. MLV/ELV Gaurav Shrivastava Lutron Project Report - 5
5w, 8w, 11w not used dimming. 18w, 26w, 28w, 32w. FTL(T5) 28w
DMX It is used to change color of light. (Basically used in Malls.) Lutron Products 1. Manual Dimmers LYNEO RANIA 2. RADIO POWER SAVER (RPS)Energy Saver Product. 3. Stand Alone Dimming & Automation Device. GRAFIK EYE(QS) RTISS (Real Time Illumination Stability System) This technology is used to control voltage fluctuations. It is inbuilt technology in Lutron Product. Each is every product is tested under standard load. Lutron is not involved batch testing process.
To find out the various benefits or opportunity of Indian market for Lutron.
1971 | Nova The first linear slide dimmerIn 1971, Joel Spira introduced America to a new style of architectural dimmer the Nova linear slide. The rugged Nova dimmer, with its distinct linear slide control, was designed for demanding applications of up to 2000 Watts. The product was so widely accepted that Joel Spira expanded the family of products to include dimmers for all light sources, plus switches and fan controls. Today, the Nova is one of the most recognized and utilized products in the lighting control market.
100% Factory Tested: Lutron lighting controls ship guaranteed to work. Products are factory tested, ready to perform under the most demanding field conditions. Superior Quality to Withstand Harsh conditions. Lutron products are designed and tested in anticipation of the harshest conditions the world has to offer. Whether its heat, frequency shifts, improper installations, voltage spikes, or electrostatic discharge, Lutron products are designed for many years of trouble-free performance. Certified to ISO 9001 Quality Standard: The "1" in ISO 9001 indicates the most stringent of ISO 9000 certifications, and has special significance for Lutron customers. ISO 9001 ensures customers that Lutron directly designs, engineers, and manufactures its products, while staffing field services and job start-ups with Lutron employees. Environmentally Friendly Lutron dimmers save electricity. These savings add up to a significant and positive impact on the environment. As a rough estimate, Lutron dimmers currently in use save as much electricity in a year as is output by multiple power generating plants. Considerably less air, heat and water pollution are the direct results. Additionally, Lutrons environmentally-friendly manufacturing practices include systematic recycling of materials used in components and processes, and the use of recycled or recyclable product packaging whenever possible. Global Presence: Lutron stocks, services, and supports its lighting controls worldwide. Around the globe, our customers recognize and rely upon Lutron quality and customer support to meet their lighting control needs. Our European headquarters is in London, England with offices in Madrid and Barcelona, Spain; Berlin, Germany; and Paris, France. Our world headquarters is located in Coopersburg, Pennsylvania, in the Northeastern, U.S. We are conveniently located near New York City; Philadelphia and Washington D.C. Asian offices are located in Tokyo, Japan; Singapore, Shanghai, Beijing and Hong Kong. Lutrons Five Principles: Take care of the customer. Take care of the company. Take care of the employee. Innovate with high quality products.
Business Strategies: The definition of business strategy is a long term plan of action designed to achieve a particular goal or set of goals or objectives. Strategy is management's game plan for strengthening the performance of the enterprise. Lutron deals with its clients through distributors. Distributor take cares of installation and maintenance of products for clients. Indirect Approach: In indirect approach Lutron does not deal with client directly. Lutron interacts with the distributor and distributor deals with clients.
Lutron
Distributor
Client
Direct Approach: In direct approach Lutron deals with its clients for lead generation with involvement of its distributors. Enquiries of clients are handled by distributors only.
Lutron Client
Distributor
Business Process:
Lead Generation
Load Schedule
Quote
Revised Quote
Purchase Order
Performa Invoice
Dispatch of Material
Company Hierarchy:
Country Head
Admin Manager
Bangalore
Delhi
Mumbai
Distributor Details:
India
Bangalore
BABBLER MARKETING PVT LTD CAUVERY ELECTRICALS
Delhi
ABB LIFE SCIENCES PVT LTD ANUSHA TECHNOVISION PVT LTD
Mumbai
M.R.S. CORPORATION
XSYS SOLUTIONS
Product Details: Stand Alone Controls Dimmers & Switches Fan Controls Timers Sensors (Dimmer / Switch) eco-home Wallplates & Accessories Single Room Controls Whole Home Systems AuroRa RadioRA 2 HomeWor ks Whole Building Systems GRAFIK Eye 4000 LCP 128 XPS SoftSwitc h Energi Savr Node EcoSyste m GRAFIK 7000 Quantum Shading Systems Sensors
Maestro Wireless Spacer System RadioRA 2 GRAFIK Eye 3000 GRAFIK Eye QS Stanza RadioTouc h Balance LC Athlite
Sivoia QED Sivoia QS Sivoia QS Wireless Hyperion Solaradaptive Shading Fabrics Other Systems
List of some Lutron products available in Indian Market: Lyneo Rania GRAFIKEye QS Radio Power Saver GXI GRX
Model #: LNTV-F20B-XX-M On/off button enables user to turn the lights on to a preset light level quickly and easily.
For 010 V dimmable fluorescent ballasts, 2 way. Rated for maximum 20 ballasts/40 mA control current. Requires an external non-latching (monostable) relay with a coil rated for 250 V and 30 VA max by another manufacturer.
Model #: LSTV-F20B-XX-M. Select light level with slider - slide up to brighten, down to dim.
For 010 V dimmable fluorescent ballasts. Rated for maximum 20 ballasts/40 mA control current. Requires mains voltage occupancy sensor by another manufacturer to power ballasts.
Green LEDs indicate light level Lights softly fade to on/off Acoustically quiet operation
Tap on to favorite level; tap off Tap twice for full on Press, hold and release for gradual fade-to-off Press up/down buttons to adjust light level
Technical specifications:
220 - 240 V~, 50/60 Hz Backbox with a depth of at least 35mm backbox recommended CE approved Universal dimmer controls incandescent, halogen, electronic and magnetic low voltage where transformer type is unknown Multi-location dimming use with accessory dimmer
Lyneo Preset
Dimmer incandescent/halogen magnetic low voltage electronic low voltage Universal Infrared 1-way 2-way Multiway Fluorescent loads 0-10 V Gaurav Shrivastava Lutron Project Report - 16
GRAFIKEye QS The new Lutron QS technology provides intuitive control of both electric light and day light. With the new GRAFIK Eye QS preset lighting control system, adjust your lights and blinds for any task or activity in any room commercial, institutional, or residential. Recall these settings with the touch of a button. The new QS technology provides convenient control and enhancement of the visual environment.
Advantages: Simple to operate o The GRAFIK Eye QS and seeTouch QS have large, engravable, backlit buttons. The GRAFIK Eye QS also has an information display with multiple language options.
Easy to design and integrate o The GRAFIK Eye QS and Sivoia QS blinds work together without interfaces. In addition, GRAFIK Eye QS works directly with occupancy sensors and connects to A/V devices and building management control systems.
Ultra-quiet performance o Sivoia QS roller blinds operate at a near-silent level, rated at 44dBA at 1 m (approx. 3 ft.). Control daylight without disturbing the activity in a space.
Precision control of daylight o Sivoia QS roller blinds utilise patented Lutron quiet electronic drive technology to control blinds with quiet precision and elegance. Blinds start, move, and stop in unison, operating smoothly and maintaining perfect alignment with each other. Minimal 20 mm (0.75 in.) light gaps ensure maximum window coverage.
Saves energy o The GRAFIK Eye QS has an energy savings indicator, built-in astronomical and programmable time clock, direct connection to occupancy sensor for manual on/automatic off, and the ability to dim lights to specific preset levels. Sivoia QS blinds reduce solar heat gain,decreasing cooling costs by up to 10%.
Features:
Colour options:
o Available in multiple colours for endless combinations that will accent any dcor.
Time clock:
o Provides scheduling to meet energy code requirements (multiple language options).
Information display:
o Easily read energy savings, lighting levels, and time clock information (multiple language options).
Connections to:
o o o o o o o Infrared receiver Personal computer Occupancy sensor (no power supply needed) A/V and building management systems via RS232/ethernet interface Accessory wallstations Additional GRAFIK Eye QS control units Sivoia QS roller blinds
Radio Power Saver: Lutrons occupancy and vacancy sensors are wireless ceiling-mounted battery-powered passive infrared (PIR) sensors that automatically control lights via RF communication to compatible dimming or switching devices. These sensors detect the heat from people moving within an area to determine when the space is occupied. The sensors then wirelessly transmit the appropriate commands to the associated dimming or switching devices to turn the lights on or off automatically. They combine both convenience and exceptional energy savings along with ease of installation. Features Wireless occupancy sensor has 3 settings available: Auto-On/Auto-Off, Auto-On Low-Light/Auto-Off, and Manual-On/Auto-Off options Auto-On Low-Light feature will only turn lights on automatically if there is less than approximately 1 fc (10 lux) of ambient light
Each sensor may be added to up to 10 compatible RF dimming and switching devices for spaces with multiple zones of lighting
The sensor should be mounted within 9,1 m (30 ft) of the associated dimming
and switching receiving devices Specifications: Standards: CE Environment: Temperature: 0 C - 40 C (32 F - 104 F)
Sensor Coverage Test: Front accessible test button Lens illuminates orange in response to motion during test mode and is visible from 9 m (30 ft)
Wireless Communication Test: Front accessible test buttons Turn loads on and off
"Low light" - Sensor turns lights ON automatically only in low ambient light conditions. Sensor turns lights OFF automatically. "Disable" - Lights must be turned ON manually from dimming or switching device. Sensor turns lights OFF automatically.
Range Diagram:
4.0 m (13 ft) Radius of Coverage at Floor when mounted on an 2,4 m (8 ft) Ceiling
Hotels: ITC Sonar Bangla Kolkata. ITC Maurya Delhi ITC Grand Central, Parel, Mumbai ITC Grand Maratha, Andheri, Mumbai ITC Windsor Manor,Bangalore. ITC Mughal, Agra. ITC Gardenia ,Bangalore. ITC Kakatia, Hyderabad. TAJ ITPL, Bangalore. Westin Hotel,Hyderbad. Hotel Le Meridian, New Delhi Park Hyatt, Goa Park Hotel,Vizag. Leela Palace, Goa. Leela Hotel,Gurgaon. Marriott, Chalet Hotels Powai, Mumbai The Trident Gurgaon. Oberoi Rajvilas, Jaipur (Rajasthan) Oberoi Trident, Gurgaon (Haryana) Oberoi Restaurant, at Trident, Chennai. Oberoi Restaurant Three Sixty Deg, Delhi. Oberoi Restaurant Travertino, Delhi. Oberoi Restaurant, Tiffin, Mumbai. Oberoi Restaurant, Vetro, Mumbai. Oberoi Hotel,BKC,Mumbai. Sahara Star, Board Room, Mumbai Uppals Orchid Hotel, Delhi Havemore Restaurant, New Delhi
The Imperial, New Delhi Restaurant at the Park Hotel Chennai Banquet Hall & Board Rooms at Tunga Hotel, Vashi, Navi Mumbai Park Hotel, Belapur, Navi Mumbai Vasant Continental-Vasant Vihar. Today Hotel, Gurgaon Claridges Hotel-Surajkund
Restaurants:
TKs, Hyatt Regency, New Delhi Havemore, New Delhi Bon South, Bangalore South Indies, Bangalore Geoffrey Restaurant, Various
Centre Stage Mall, Noida (U.P.) Kaushambi Mall, (U.P.) Centre Stage Mall (Lucknow) Sahara Golf Academy (Amby Valley, Lonawala) Bansi Lal Leisure Parks, Kolkata Chowkhee Dhani, Jaipur DLF Club, Gurgaon (Haryana)
Prime Ministers Office Delhi Metro Rail Corp, Metro Stations. ONCG
Louis Vuitton showroom, New Delhi Louis Vuitton showroom, Bombay A.R. Rehman Studio, Chennai Yash Raj Studio, Mumbai Ericcsson Building, New Delhi Microsoft Corporate Office, Gurgaon Nokia Corporate office, Gurgaon CSC, Noida
Residences: Mr. K.P.Singh, DLF Delhi. Ms.Shobhana Bhartiya HTimes,Dehli Mr. Sunil Mittal of Bharti Telecom, New Delhi Mr. Lakhshmi Mittal of Ispat Group, New Delhi Mr. Naresh Goyal (Jet Airways), Delhi
Mr. Kishore Bajaj of Bada Saab, Mumbai Gaurav Shrivastava Lutron Project Report - 27
Mr. Jindal of Jindal Steel, New Delhi Mr. Lakhani of Lakhani Footwear, Faridabad Mr. Kumar Manglam Birla, Mumbai Mr. Punit Makkar, Mumbai. Mr.Bobby Mukherji, Bobby Mukherji & Associate,Mumbai. Mr.Arora ,Mumbai. Mr. D. S. Kulkarni, D S Kulkarni Builders, Pune Mr. Bijli of PVR Cinemas, New Delhi Mr. Vipin Chhabra of CTC Plaza, New Delhi Mr. Madhiraju, Bangalore Mr. Manish Chhabra, of CTC Plaza New Delhi Mr. Ishwaran, Dehradun (U.P.) Mr. Sawhney Residence, New Delhi Mr. Wahi Residence. Gurgaon Mr. Agarwal Residence, Worli, Mumbai Mr. Vinod Goenka, Conwood, Mumbai Mr. Kishore Chhabria, Mumbai Mr. Jai Mehta, Mumbai Mr. Muzzafer Hussain, Mira Road, Thane Mr.Mohit Burman,Dabar,Mumbai. Mr. Bhushan Kumar of T-Series, Mumbai Mr. Rakesh Kumar Wadhawan of DHFL /Dheeraj Group, Mumbai. Mr. Vaswani, (Chokhi Dhani),Jaipur Mr. Patni, (RK Marbles), Kishangarh (Rajasthan) Mr. Nitan Chatwal Residence, Mumbai Mr. Kochar Residence, Mumbai Mr. Amit & Mrs.Ritu Residence, Mumbai Mr. Ruia Residence of Vodafone, Mumbai Mr. L.K.Jain Residence, Pune.
Mr. Navin Makhija of Wadhwa Group, Mumbai Mr. Thakersay Residence, Mumbai Mr. Mantri Residence of Mantri Group, Mumbai Mr. Hiten Seth Residence, Mumbai Mr.Sunil Patil,UBICS, Pune. Mr.Dilip Chhabria, Pune
Types of research: Descriptive vs Analytical: Descriptive research includes surveys and fact finding enquiries of different kinds. We quite often use the term ex factor for it. It includes frequency of shopping, preferences of people etc. In analytical research on the other hand, researcher uses the facts and information already available, and analyze these to make a critical evaluation of the materials. Applied vs Fundamental research: Applied or action research aims at finding a solution for an immediate problem facing a society or an industrial organization. However fundamental research deals with generalizations and with the formulation of a theory. Quantitative vs Qualitative research:
Quantitative research is based on the measurement of quantity or amount. It is applicable to phenomenon that can be expressed in terms of quantity. Qualitative research, on other hand, is concerned with qualitative phenomenon, i.e. phenomenon relating to or involving quality or kinds. Conceptual vs Empirical: Conceptual research is that related to some abstract ideas or theory. It is generally used by philosophers and thinkers to develop new concepts or to reinterpret existing ones. On the other hand, empirical research relies on experience or observation alone, often without due regard for system and theory. Type of Research of Luton Product: This research can be referred as descriptive as well as analytical research process. Descriptive research can be defined as Descriptive research includes surveys and fact finding enquiries of different kinds. We quite often use the term ex factor for it. and Analytical can be defined as In analytical research on the other hand, researcher uses the facts and information already available, and analyze these to make a critical evaluation of the materials. For Indian market Lutron is using both B2B and B2C both marketing strategies. B2B (Business to Business) It involves both wholesale purchasing and electronic data interchange between business and business partners. This takes place between companies. As per their consent and understanding, they can mutually do the business. B2C (Business to Consumer) Business to consumer means performing any commerce activity by utilizing open network. A system to provide with infrastructure for purchasing and distributing product and services. the includes the exchange of goods and services for which the payment is done. No middlemen will be involved in this sort of business as the gap between the company and the consumer is bridged. Research Process There are two main processes used for research of future scope of Lutron in Indian market. 1. Awareness for new customer
Visit sites of Architects, Interior Designers, and Electrical Consultants and AV integrators.
Meeting with Architects, Interior Designers, and Electrical Consultants and AV integrators.
Product demo to Architects, Interior Designers, and Electrical Consultants and AV integrators.
Lead generation
In any market, there are normally many segments. A company may not have the resources and the capabilities to design marketing mixes to serve all the segments. A company will decide to serve one or more segments depending upon its capabilities and resources. The segments that a company chooses to serve by designing special marketing mixes are called target market. Positioning: In most markets there will be many companies providing the same basic solutions to customer needs. The customer has to select one provider among them. The offering of a company has to be distinct, so that customers are able to make a choice by matching their requirements with the offering of various providers. Positioning is the process of creating a distinct offer and communicating it to the customer. Positioning is created by designing by marketing mix which is suitable for the target market but is different from marketing mixes of other providers. The chosen marketing mix has to be then communicated to the customers. The smaller and more homogeneous the target market is for which a marketing mix is designed, the stronger will be the positioning, and i.e. the fit between the marketing mix of the company and requirement of the customers of the target market will be stronger. The process of positioning is continuous in nature and it should always be proactive because new needs and competitors keep cropping up.
Market Segmentation of Lutron: Lutron divided Indian market into two segments: Commercial Market Residential Market
Commercial Market: Commercial Market can be referred as A market in which numbers of organizations are involved and they run their own business or they provide employment to people and where a large number of transactions take place. Example: Government Offices IT-Parks Business Parks Hotels and Restaurants Museums
Example: Residential Apartments Townships etc. Residential Market can be classified into two subcategories.
Name of Some architects, interior designers, AV Integrator & electrical consultant they provides above feedbacks. Name Mr. Anil Khanna Company Name Piyush Group Contact No. 9811729728 Address A-16/B-1,Mohan Cooperative Industrial Estate, Main Mathura Road, New Delhi-44 L-1,GF,CSM Mall,Sector-18,Noida H-23,Sector-39,Noida
Infra 13
9811852513
Design net
9811117824
Habitech Promoters
9891225577
C-42,Sector-2,Noida
Mr. R. S. Rawat
9811213312
C-45,GulMohar Complex,Sector15,Noida B-77,Amar Colony, Lajpat Nagar-4,New Delhi. D-7/1,Ist Floor, Okhla Phase-2,new Delhi. 2nd Floor,8,rani Jhansi road, ND Y-49,hauz Khas, New Delhi-16
9810172264
Communication Media Product Digital Point Solution Pvt. Ltd. AV Science and Tech. Pvt. Ltd.
9312403928
9810015066
Mr. G R Malik
011-26968636/42
9312870904
Customer Feedback of Residential Market for Lutron Product: High end residences: Good and impressive products. Reliable Product. Provides comfort.
Durable.
Name of Some builders they provides above feedbacks. Name Company Name Contact No. Address
Mr. Shyam Prakash Ray Mr.Sanjay P Aggarwal Mr. Vishal Nagi Mr. K. C. Rawat
LIMITATIONS
Costly Price:
Lutron products are expensive and Indian market is price sensitive market. Majority of people in India cannot effort Lutron products because of high product that turns scope of Lutron into limited segment market. Product Delivery:
Lutron take more time for product delivery as compare to other competitors because of importing product that makes customers to choose another option. No List Price:
Lutron does not provide price list of product that makes difficult to provide exact cost to customers when needed. Indian Mindset and Perception:
Mindset and perception of Indian people are different other nation because they dont trust on new products easily but if they trust, they dont change product easily. Lutron promotes their products with role models of India that will help in product awareness and change mindset or perception of Indian people. Gaurav Shrivastava Lutron Project Report - 38
CONCLUSION
India has a big potential market, there are more opportunity for Lutron to acquire big size of Indian market because of : Unique technology. Reliable products. Best Services. Better track record.
In India, there are limited companies of lighting control; Lutron can take
advantage of oldest company of lighting control and innovators of dimmers.
Lutron should setup a assembly line in India because it can reduce a cause of late
delivery of products and high price by which Lutron can convert more economical range customer to use their products.
Lutron should expand their infrastructure in India. Currently Lutron offices are available at only three locations Delhi, Mumbai and Bangalore. Lutron should increase number of offices and distributors in India by which Lutron can focus more projects running in major cities of India. Lutron should increase number of staff in India by which Lutron can work quickly.
Lutron should advertise their product both ATL and BTL advertising because
advertising impacts Indian market quickly and easily and Lutron can provide awareness of their product with less effort.
RECOMMENDATIONS
SWOT ANALYSIS: SWOT analysis is a strategic planning method used to evaluate the Strengths, Weaknesses, Opportunities, and Threats involved in a project or in a business venture. It involves specifying the objective of the business venture or project and identifying the Gaurav Shrivastava Lutron Project Report - 40
internal and external factors that are favorable and unfavorable to achieve that objective. A SWOT analysis must first start with defining a desired end state or objective. A SWOT analysis may be incorporated into the strategic planning model. Strategic Planning has been the subject of much research. Strengths: attributes of the person or company that is helpful to achieving the objective(s). Weaknesses: attributes of the person or company that is harmful to achieving the objective(s). Opportunities: external conditions that is helpful to achieving the objective(s). Threats: external conditions which could do damage to the objective(s). Identification of SWOTs are essential because subsequent steps in the process of planning for achievement of the selected objective may be derived from the SWOTs.
Strengths Advantages of proposition? Capabilities? Competitive advantages? USP's (unique selling points)? Resources, Assets, People? Experience, knowledge, data? Financial reserves, likely returns? Marketing - reach, distribution, awareness? Innovative aspects? Location and geographical? Price, value, quality? Processes, systems, IT, communications? Cultural, attitudinal, behavioural? Management cover, succession?
Weaknesses Disadvantages of proposition? Gaps in capabilities? Lack of competitive strength? Reputation, presence and reach? Financials? Timescales, deadlines and pressures? Cashflow, start-up cash-drain? Continuity, supply chain robustness? Effects on core activities, distraction? Reliability of data, plan predictability? Morale, commitment, leadership? Accreditations, etc? Processes and systems, etc? Management cover, succession?
Opportunities Market developments? Competitors' vulnerabilities? Industry or lifestyle trends? Technology development and innovation? Global influences? New markets, vertical, horizontal? Niche target markets? Geographical, export, import? Business and product development? Information and research? Partnerships, agencies, distribution? Threats Political effects? Competitor intentions - various? Market demand? Vital contracts and partners? Sustaining internal capabilities? Obstacles faced? Insurmountable weaknesses? Loss of key staff? Sustainable financial backing? Economy - home, abroad? Seasonality, weather effects?
SWOT ANALYSIS OF LUTRON:STRENGTHS WEAKNESSES range and Small setup No list Pricing Limited market segment High price as compare to others Import Less public awarness
Widest innovation
product
Unique producer Superior quality Quality service Use various technologies Reliable product ISO certified Eco friendly & Energy saving 100% factory tested Global network
OPPORTUNITIES Existing Goodwill in the market Capture large market Manpower and by setup expansion Durability of the product Never lose their customer because of best quality and services
STRENGTHS:-
Company which invented worlds 1st solid state dimmer: Lutron is the first company who invent worlds 1st Solid State dimmer in 1961. And in 1974, launched 1st dimmable ballast for fluorescent lamp.
Widest product range and innovation: Over 12,000 products to offer solutions for different applications: -Wallbox dimmer for 1 to 2 circuits -GRAPHIK eye for entire room -Centralized Lighting control for a whole building or a group of buildings. -10% of Annual revenue are invested in Research & Development. -Possession of more than 75 utility and 40 design patents.
Unique producer: Lutron is unique producer of devices which using RTISS (Real time illumination stability system) and XCD technology.
Superior quality: -Each and every product has been tested under standard load -ISO Certified- One of the first 20 US Companies to receive the ISO 9001 Quality standard Certification.
Use various technologies: RTISS (Real time illumination stability system) which automatically control the fluctuation of the voltage. XCD which can capture finest motion. TRIAC which chop the current.
Reliable product: Moreover 75 utilities and 40 patents along with 2700 worldwide patents describe the reliability of Lutron all over the globe.
Quality service: Extra long maintenance and Service 24*7 . lighting control technology and Lutron product Knowledge.
Eco friendly & Energy saving: Lutron lighting product, it impact to Green building Products are LEED (Leadership in energy and environment design) Certified.
Global network: Worldwide presence, over 80 countries. 24*7 worldwide customer supports.
WEAKNESSES:-
No list Pricing: There is no list price which tends to less product specification details and less consumer awareness. Tough to satisfy price sensitive market like India.
Cover only niche market segment like Hospitality (5 star hotels), High end
residences. Few products for middle class customers.
Import:
All Products are imported from US by plane and shipment which add cost in the product.
OPPORTUNITIES:-
Existing Goodwill in the market: Being the inventor and worlds oldest and largest company in the field of lighting control, Lutron has a good reputation and Goodwill in the whole world. With Largest certification and maximum patents Lutron has best position in the industry.
Capture large market: By touching near about each and every sector (Residential, Commercial, Hospitality etc.) Lutron has potential to cover large market not only in the developed countries but also emerging countries like India and other Gulf countries as well.
Manpower and by setup expansion: By getting huge projects in India, Lutron needs expansion of staffs in different fields like marketing, sales and promotion, Administration. So that they can enhance their setup more constructively.
Never loose their customer because of best quality and services: With its high end quality service and 24 * 7 customer supports Lutron never loses its reliable Customers. There firm believe and satisfaction is an evidence of Lutrrons Reliability.
THREATS:-
Competitors: International- With upcoming companies in the field of lighting control Lutron is facing tough competition from its international competitors. They are competing in various fields like technology, innovation, product quality and reliability and price sensitivity.
National- With Indian manufacturing, production setup and cheap labour , Local companies are major threat to Lutron. Due to their Low price range such companies survive well in the price sensitive market like India.
Indian mindset and perception: Due to price sensitive mentality and less technical awareness, Indian customers generally go for low quality product. It is again a major threat to the company.
Recommendation: Uniform Pricing: Lutron should provide uniform price list that can help to provide exact price of the product because Indian market is price sensitive market. Reasonable Price: Lutron provides some product in reasonable price range by which economical segment people can effort their product and Lutron can focus big part of Indian market. Production in India: Lutron should setup product plant in India that will help to reduce price range and prevent products to add additional charges because of importing. Advertisements and Promotion: Lutron should advertise or promote their product on both ATL and BTL that will help to change Indian mindset and perception. Expansion In India: Lutron should expand their size in India for target more projects or customers in major cities of India.
Green Building Council members, representing every sector of the building industry, developed and continue to refine LEED. The rating systems address eight major areas: Location and Planning Sustainable Sites Water Efficiency Energy and Atmosphere Materials and Resources Indoor Environmental Quality Innovation and Design Process Regional Priority
Rating System: LEED has evolved since its original inception in 1998 to more accurately represent and incorporate emerging green building technologies. LEED NCv1.0 was a pilot version. These projects helped inform the USGBC of the requirements for such a rating system, and this knowledge was incorporated into LEED NCv2.0. LEED NCv2.2 was released in 2005. Today, LEED consists of a suite of nine rating systems for the design, construction and operation of buildings, homes and neighborhoods. Five overarching categories Gaurav Shrivastava Lutron Project Report - 49
correspond to the specialties available under the LEED Accredited Professional program. That suite currently consists of: Green Building Design & Construction LEED LEED LEED LEED for for for for New Construction and Major Renovations Core & Shell Development Schools Retail New Construction (planned 2010)
Green Interior Design & Construction LEED for Commercial Interiors LEED for Retail Interiors (planned 2010)
Green Building Operations & Maintenance LEED for Existing Buildings: Operations & Maintenance
In 2003, the Canada Green Building Council received permission to create its own version of LEED, now called LEED Canada-NC v1.0, which was based upon LEED-NC 2.0.LEED also forms the basis for other sustainability rating systems such as the Environmental Protection Agency's Labs21. After four years of development, aligning credits across all LEED rating systems and weighting credits based on environmental priority, USGBC launched LEED v3, which consists of a new continuous development process, a new version of LEED Online, a revised third-party certification program and a new suite of rating systems known as LEED 2009. In response to concerns that LEED's requirements are cumbersome and difficult to learn, in 2009 USGBC supported the development by Building Green, LLC of LEED user, a third-party resource that contains tips and guidance, written by professionals in the field, on applying LEED credits and the LEED certification process. LEED 2009: In LEED 2009 there are 100 possible base points plus an additional 6 points for Innovation in Design and 4 points for Regional Priority. Buildings can qualify for four levels of certification: Certified - 40 - 49 points Silver - 50 - 59 points Gold - 60 - 79 points Platinum - 80 points and above
LEED NCv2.2: LEED for New Construction and Major Renovations version 2.2 contained the same credits as the new NC v2009, but had fewer points. There are 69 possible points and buildings can qualify for four levels of certification: Certified - 26-32 points Silver - 33-38 points Gold - 39-51 points Platinum - 52 points and above.
Lutron lighting control can impact: Lutron is a company built on a belief in taking care of people, customers, employees, and the community. Lutron is member of the U.S. Green Building Council, administrator of LEED. And since 1961, Lutron designed industry-leading technology that saves energy and reduce green house gas emission. Sustainable Sites
Controllability of Systems.
Innovation in Light
BIBLOGRAPHY
References: Books 1. Market management: Philip Kotler. 2. Research Methodology: C. R. Kothari Online Resources: 1. Lutron website - www.lutron.com 2. Google website - www.google.com 3. Lutron Asia website www.lutron.com/asia