Specialty chemicals are defined as a "group of relatively high value, low volume chemicals known for their end use applications and/ or performance enhancing properties." In Contrast to base or commodity chemicals, specialty chemicals are recognized for 'what they do' and not 'what they are'. Specialty chemicals provide the required 'solution' to meet the Customer application needs. It is a highly knowledge driven industry with raw materials cost (measured as percentage of net sales) much lower than for commodity chemicals. The critical success factors for the industry include understanding of customer needs and product/application development to meet the same at a favorable price-performance ratio. In India it has been growing rapidly at 1.2-1.3x …show more content…
In India per capita consumption of paints is very low at around 1.5Kg, as against 10-15 kg in developed markets and 4Kg in China indicating substantial potential for growth. Paints industry can be broadly classified into 2 segments – Decorative and Industrial paints. Decorative paints accounted for 72% of the total Indian paint industry and are expected to grow at 15% per annum in the next decade. Decorative paints are widely used in building and construction industries for wall finishes, both interior and exterior. This segment is relatively price sensitive compared to industrial paints. Industrial paints are used for coating applications including automobiles, consumer durables, marine equipment and industrial components. Indian paint industry has the potential to grow at a CAGR of ~17.5% in next 2 years to become INR396bn industry by 2015-16. Indian paint industry growth is closely related with the GDP growth rate and has grown on an average1.5-2x GDP growth rate since …show more content…
Industry has experienced dynamic changes in the last decade in terms of changing environment and structure which propelled it to a high growth trajectory. However, India per capita consumption of paints is still abysmally low at 1.5Kg/annum compared to world average of 15Kg and 25Kg for US. It is even lower than Sri Lanka with per capita consumption of 3.5/Kg. This however indicates tremendous opportunity for paint industry which is currently highly
public support war industries board was the regulatory body of production. WIB encouraged companies to use mass production techniques to increase production . from the outbreak of the war america stood neutral until 1917.one 's America got into the war people had special days such as meatless monday and many more, these actions were voluntary, most people did them because they were technically helping friends, family, etc,
The textile factories were an unsafe and unheathly place for working class families to work. These factories were unsafe for children to work because the factories would over work the children,give them a insuffient diet and the factories were filled with diseases. For example a testimony from Joesph Hebergram to the Sadler committee he said; ‘i have damged lunges. my lgs muscles do not function properly and will not support the weight of my bones... the doctor told me that it was caused by dust in the factory,from being over worked and a insufficient diet.
Beauty Doesn’t Come from within a Silk Factory Machines rumbling, tears falling, hands aching, this was the plight of the Japanese silk workers, during the Industrial Revolution. The Industrial Revolution came to Japan in the 1800’s, according to the background essay reading: “The Industrial Revolution had a quiet beginning but by the mid-1800s the movement from farm to factory was producing an all-out ruckus - Steam engines belching, gears grinding, conveyor belts slapping. This was true in Europe, in America, and beginning in the 1880s, it was true in Japan,” (Silk Factories: DBQ: Background). During this time, many women were employed in silk factories. These jobs didn’t pay well and the conditions were poor.
Professional painter purchases account for 25 percent of dollar sales. The other 25 percent of dollar sales is attributed to government, export, and contractor sales. DIY painters view paint as a commodity. • Look for the best price when purchasing paint. • Large number of these DIY painters also would like services to go along with their purchase in the form of information about how to properly apply the paint and use its accessories.
Moreover, C being the least price sensitive, it would be the most willing segment to pay the premium for the superior product performance. At the beginning of the simulation, Minnesota Micromotors’s market share for this segment was just 4% - there was a huge potential for growth. Moreover, Segment C consistently had the highest gross margin per unit ($58.36 for 2012 Q3) which indicated that Segment C could be the most profit generating customers for Minnesota Micromotors. Improved efficiency in my sales salesforce and effective marketing communications were very critical in communicating Minnesota Micromotors motors’ value to customers, and formed the key differentiators in managing Minnesota Micromotors’s dual sales force and distribution channels – hence I planned to invest adequately in the “Integrated marketing communication and training” in every quarter. Also, having the market ‘intel’ and customer feedback were ever critical to make any changes to pricing, budget and sales force allocation – hence I always invested on Market
It is widely recognized by the customers for introducing a variety of innovative and high-quality products to the market while the competitors could not do the same. “During this period of time, the company grew at a very fast rate and expanded its market to Europe, Asia, and Latin America” (dynacorp case study). However, Dynacorp’s glory did not last long. The company started to face many problems while its competitors began to close the technology gap and gained back the
Specifically, mural art decorations cover most of the compound walls in Siriguyi, Ghana and communicate information that identifies the artists’ society. In this society art is functional and serves a purpose of not only being decorative but depicting the culture of the Nankani in its symbolism. Motifs and reliefs that are recognizable are highly regarded by the community. According to Kofi, "the Ghanaian artist, as a distinct member of his society he always wishes to create something that is recognizable in his symbolism... and he is disinclined to exceed the semi- abstract in order to express it." Generally, the designers (women artists) conform to the traditional decorations that demonstrate a preference for art that can be recognized.
And achieve as a result, the growth for its brand, market share, and sales
The adoption of new technologies and trends is being facilitated in the industry for the competition and the customer’s overall experience. Many suppliers that are having similar strategies face a strong competition. The barriers for exiting the markets are high. Products and services of are undifferentiated leading the customer to focus on the prices offered. Low market growth, so it can be increased only by taking another firm’s market share.
Business level strategy Focusing on its core competencies—strong R&D platform, vertical integration, product diversification, economies of scale, disciplined approach to investment and cost management, and operations excellence— Exxon satisfies various consumer needs and maximizes its shareholder value. Business-level strategies enable Exxon to provide value to customers and gain a competitive advantage by exploiting core competencies in all the aspects of Oil & Gas value chain ranging from crude oil and natural gas production to refining the oil and gas, transportation, marketing of petroleum products, and trading of products. Current position as the world’s leading oil & gas company, Exxon is a major player in the conversion of hydrocarbons
Arts and crafts are often thought of today as something that only children partake in. They can easily be done with your hands and are small hobbies. To people in the late 19th century, arts and crafts were about connecting to your surroundings rather than just filling the time. The arts and crafts movement began a revolution of people who sought to use their hands rather than big machinery to create something. Through meaningful interactions with their materials, people who partook in these activities gained meaningful insights.
The enterprise’s success is attributed to innovative and unique strategies. What are the key success factors (KSF)/sources of success for a firm like Senor Sisig? How do these KSF influence how the company has chosen to position itself in the food truck industry?
It is important to study something in school that you enjoy but that is also useful in the real world. I have always been asked, “what's your major?”. I would answer art history and always got a response like, “what are you going to do with that?”. Most parents and students don’t feel that there is a good foundation from learning Art History. It is often heard from high school and college students (influenced by their parents) that to succeed you must major in science, technology, engineering, or business.
And this is a great example of competitive advantage created through advanced technology that makes the production process extremely cost-effective in response to customer needs. At
Maxis reputation has been built around their quality network and superior customer service. Due to high standards and expectations that come with the Maxis brand it is not without reason that customers are more demanding of Maxis. As a result, Maxis always think that their business on being the customer 's first choice. Capital requirement usually build up a firm which is the high capability to compete in the industry. However, telecommunication is a high competitive industry in order to gain large market share.