Business Plan & Strategy K Siva Rama Prasad Vikas Asawat M V Sudhir Kumar P K Das Kishan Chatri T K Baite Bharat Rajan Private Limited copyright reserved 2010 IF YOU DON’T MEASURE IT, YOU CAN’T MANAGE IT Bharat Rajan Private Limited copyright reserved 2010 SWOT Analysis Bharat Rajan Private Limited copyright reserved 2010 STRENGHTS Creative & Excellent Technical Expertise in Gears Mfg. Very good Presence in Domestic & International Markets Wide range of High Quality Gears Well Established Network for markets in India & Abroad Excellent Design Team Knowledge and development of Indigenous Technology and continuous improvements in the product and processes Excellent record keeping Bharat Rajan Private Limited copyright reserved 2010 Weakness No trade mark( does not know the difference between trade name and trade mark) No knowledge about IP & other related aspects Unaware of the Value of intangible IP assets Nil or no professional Brand management Lack of experts/guidance Lack of differentiation in products available in the market Centralized manufacturing and distribution system. High overheads resulting in high price Bharat Rajan Private Limited copyright reserved 2010 Opportunities Growing demand for the Bicycles and spares within India and 11 countries New Markets in general in domestic as well as new countries Tremendous opportunities for new Gen/varieties of gear systems Scope in other bicycle Components industries and other engineering Industries/ 3 wheeler markets Good rate of returns from Royalties/share with nonexclusive licenses/cross licenses for the developments in the products if used for commercialization after patent. New markets if brand management is done copyright reserved 2010 Bharat Rajan Private Limited Threats Intense competition from other similar companies/new entrants Lack of protection of the own designs and products Spurious products Competitors taking advantage of the developments made by the company. copyright reserved 2010 Bharat Rajan Private Limited Plan of action 1 Products Certification & QMS Audit 2 Exploration of opportunities with both the Tangible and intangible assets available 3 Brand Management 4 Agreements/licenses to expand business 5 Implementation Plan for Target Achievement 6 IP.Audits copyright reserved 2010 •Trademark and Brand Management: Register trade mark: SPHI-CYCLE It helps the company to: Identify and distinguish it from other identical products. Useful for advertising & Marketing Strategies Incentive to invest & maintain good reputation. provides the opportunity to license & get revenues. Valuable business asset. Bharat Rajan Private Limited copyright reserved 2010 •Patenting the invention: It helped the company to: Have exclusive right on the product. Additional Income to reach targeted amount by way of non-exclusive license to other mfr in India and abroad. Access to new Markets with the above licenses Avoiding spurious Gears from Imitators. Build Positive Image & Brand reputation Strong Market Position & competitive advantage Bharat Rajan Private Limited copyright reserved 2010 TARGET YEAR-> 2009 2010 2011 2012 Domestic 50% 55% 65% 75% In Rs(cr) 50 55 65 75 Exports 20% 22% 25% 30% In Rs.cr. 50 75 115 125 Total 100 130 180 200 copyright reserved 2010 Mile stones 1. 2. 3. 4. 5. 6. Discussion Milestones: To Differntiate and leverage the product and markets Milestone 1: Trademark registration and brand building Milestone 2: scaling up the sales by patenting the product & Licensing it to other mfr. and to access new markets & wide reach of geographical locations Challenges: preventive action to copy the product Intro: IP audit Helped to realize the potentiality of tangible and intangible assets and management of them. Further actions: Continous development & protection from Infringement. copyright reserved 2010 Thank you Bharat Rajan Private Limited copyright reserved 2010