DONE BY : ELVIS RANJIT, DURLAV SUBEDI, TENZING SANGMO LAMA, ZUNU GURUNG CONTENTS 1. WHAT IS “SHERPA”? 2. TOWS ANAYLSIS OF “SHERPA” 3. SHERPA TARGET MARKET 4. CRITICAL SUCCESS FACTORS 5. ACKNOWLEDGEMENT 6. BIBLIOGRAPHY 7. QUESTION PAGE WHAT IS ‘SHERPA’ ? • ‘Sherpa’ is an internationally renown Nepalese brand which creates adventure gears that earns the praise of the world's toughest high-altitude climbers. • It was inspired by sheer chance in 2003 and has expanded to 12 different countries all over the world, including Nepal. • 60% of their total sales in Nepal are foreigners and the rest 40% are the locals. • ‘Sherpa’ offers outstanding outdoor clothing and gear (e.g. trekking, mountain climbing, hiking), a line of base layers, travel clothing, shells and winter-worthy insulation. TOWS ANALYSIS OF ‘SHERPA’ MACRO Internal strengths (S) MICRO Outstanding quality Good brand image Goodwill of owner & company Experts with maximum experience & knowledge (sherpas) Internal weakness (W) Pricing (high) Only winter gears (limited range) Products not fashionable External opportunities (O) External threats (T) Launch new range of products for other target markets Media promotion New technology can increase sales Good corporate social responsibilty (fund raised for underprivileged sherpa children of nepal) During recession, people might not be able to afford their products Bad political situation hinders inflow of tourists which might affect sales Limited market Inability to cope with new technology SO ST • • Goodwill and CSR of the company will attract good media and customers. New technology can improve the quality and hence increasing sales. • They can increase their market share by launching a new more affordable range of products. With the experience that they have and the new technology, they will be able to create better products. • WO • With good CSR, customers would ignore high price of the product • With new range of products & media promotion, we can overcome the unfashionable products. WT • • If prices of the products are lowered, then people can still afford even during recession. By creating more fashionable products, we can eliminate the limited market problem. SHERPA’S TARGET MARKET OUTDOOR ADVENTURERS TREKKERS AROUND THE WORLD MOUINTAINEERS HIKERS Local primary target market of ‘sherpa’ (trekkers, nepal) Source: ekantipur.com COMPETITORS FOUND IN NEPAL LOCAL INTERNATIONAL SHERPA OUTDOORS THE NORTH FACE FAKE NORTH FACE (LOCAL) HARD WEAR BLACK YAK CRITICAL SUCCESS FACTORS (CSF) All the products of SHERPA are of the best quality tested by experienced Sherpas, worn by many people all over the world. The name Sherpa got renowned throughout the world because of the Sherpa mountaineers (e.g. Tenzing Norbu Sherpa, Pasang Lhamu Sherpa) SUCCESS Every Sherpa product sold, helps raise funds for underprivileged Sherpa children of Nepal (increased Goodwill) Increasing inflow of trekking tourists in Nepal increases Sherpa’s sales. Acknowledgment • • Thank you Mr. Dipankar Sherpa for your guidance!!! • • Thank you Ang Phurba Sherpa (Sherpa’s manager) Thank you Mr. Birat Shrestha for your instructions. Thank you colleagues for listening to us BIBLIOGRAPHY Information Sherpa Adventure Gear Inc. (2013) About Us (Accessed on 30.10.2013) http://www.sherpaadventuregear.co.uk/about-us-i1 Uk essays (2013) Sherpa Adventure Gear. (Accessed on 29.10.2013) http://www.ukessays.com/essays/history/sherpa-adventure-gear.php The Kathmandu Post (2012) Number of trekkers projected to rise 20 percent this year. 02.11.2012, (Accessed on 30.10.2013) http://www.ekantipur.com/the-kathmandu-post/2012/11/02/money/number-of-trekkersprojected-to-rise-20-percent-this-year/241344.html • Mind Tools (2013) Using the TOWS Matrix (Accessed on 30.10.2013) http://www.mindtools.com/pages/article/newSTR_89.htm Pictures Sherpa Adventure Gear (2013) [picture] At: http://www.canadianoutdoorequipment.com/store/sherpa-adenture-gear.html (Accessed on 30.10.2013) Sherpa Adventure Gear Showroom (2013) [picture] At: http://www.spacesnepal.com/2013G7.php (Accessed on 30.10.2013) Sherpa Adventure Gear (2013) [picture] At: http://www.sherpaadventuregear.com/fw13-womens-khangri-alpine-series.html (Accessed on 30.10.2013) INFOGRAPH