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Products
Green Office will sell eco-friendly products that use recycled materials, reuse
"recharged" existing parts, or use non-toxic alternatives. Green Office will sell recycled
paper ranging from notepads to envelopes to copier paper, a wide range of laser toner,
inkjet cartridges and common office supplies such as correction fluid.
Customers
Green Office has identified three market segments. The first is corporations, with an 8%
growth rate and 12,000 potential customers. The second is government agencies, with a
11% growth rate and 7,886 possible customers. The last category is assorted customers
with a 7% growth rate and 56,888 possible customers.
Competitive Edge
Green Office will offer a complete range of office supplies,and school supplies to
become a one-stop shopping place for supply needs. Green Office will offer an
unprecedented level of customer attention. It recognizes that shopping must be the the
most trouble free, pleasant experience if it expects to form long-term relationships with
customers.
Objectives
To become the premier source of environmentally-friendly office supplies and school
supplies
Quickly grow in size and become a profitable business within the first two years.
Mission
Keys to Success
Products
Green Office offers a wide range of stationery supplies, all of which are environmentally
friendly. Products include:
Retailing of stationery
Office supplies and other related merchandise (Pens – blue, black, red, Highlighter Stationery
for small or home office
Permanent marker (Texta/Sharpie)
Pencil and pencil sharpener
Colored pencils, pens and markers
Eraser, Correction tape/fluid/Liquid Paper
Mechanical pencil and spare leads
Plain paper (for printer)
Notebooks, ruled paper, binder books,
Scrapbook, art book, Ruler, Glue, Sticky tape + dispenser
Packing tape + dispenser, Bulldog/Fold back clips
Stapler and staples
Rubber bands, Paper clips, Hole punch, Drawing pins
Plastic pockets, Manila folders, Storage pockets, Arch folders
Folder dividers, Hanging files, Filing trays, Sticky labels (e.g. Avery) for addressing or filing,
Post-Its/yellow stickies
Index cards, Label maker and spare tape, Scissors, Box cutter/utility knife/Stanley knife
Guillotine, Calculator, Printer toner, Tissues, Paper towel, Postage stamps
Envelopes, Rubber stamps (return address, entered, paid), Laminator and spare pouches
USB memory sticks
Batteries (for electronic equipment, for wireless keyboard and mouse), Calendar, wall
planner, Desk pad
Blu-tack /green tack, Wall hooks (e.g. ‘Command’), Whiteboard/dry erase markers,
Whiteboard eraser and cleaning fluid et al).
Market Segmentation
Green Office has identified three customer segments that it will go after:
This all inclusive product catalog creates a compelling one stop shopping venue. This
wonderful product selection will be supported by a customer-centric company culture.
The marketing and sales strategies support these two competitive edges.
The marketing strategy seeks to develop an awareness of Green Office and its ability to
offer a wide selection of eco-friendly office products. All products will be priced
competitively, often at the same low price as non eco-friendly products.
The sales strategy will use specially engineered economic incentives that channel account
manager behavior into the mode of ensuring, happy, long-term customers. This entire
strategy is based on the company's philosophy that it is far cheaper to maintain a current
customer than it is to attract new ones.
Competitive Edge
Green Office competitive edge is two fold, a wide selection of office supplies making it a
one stop shopping place and a strong customer service oriented organization where the
customers are assigned a specific sales agent/account manager to assist them.
By offering a strong product catalog, customers are able to place all of their office
supplies orders at one place instead of having to contact multiple vendors each week or
month, whatever the interval may be. Creating the perception that all of the company's
office supply needs can be met by one company, Green Office has a competitive edge.
The second edge is Green Office's focus on customer service. The company recognizes
that if long-term sustainable growth is desired, the customers must feel like that they are
being offered the finest service. This will ensure the building of a loyal customer base
that will assist Green Office in becoming a sustainable operation.
Marketing Strategy
The marketing strategy will be based on a communication effort that announces Green
Office's two competitive edges, their selection and customer service. To be able to order
all of an office's supply needs from one easy-to-work-with vendor is a significant value.
Backing up the extensive product catalog with top rate customer service will retain
customers.
Green Office will undertake a marketing campaign that communicates its competitive
edge. The campaign will rely primarily on print advertising. The media outlets to be used
will be determined based on the readership levels and targeted companies. The campaign
will develop an awareness of Green Office to the targeted customers. The development of
an awareness or image of Green Office is the first step in the implementation strategy, the
second step is the sales strategy detailed in the following section.
Sales Strategy
Green Office's sales strategy will be based on the conversion of qualified sales leads into
paying customers. The key emphasis here is customer service. Green Office recognizes
that customers desire that their needs are taken care of.
Additionally, customers want a seemless experience where their expectations are
managed. Green Office will accomplish these lofty goals by assigning a specific account
manager/sales agent to each customer (assigned by the customer type). The sales agent
receives a commission not just for the individual sale but also using a complex formula
that takes into account long-term customer satisfaction of the client.
Green Office therefore has developed an economic incentive for its account managers to
develop long-term customers. This incentive based system is key to the sales strategy
because it creates an incentive for the sales agent to take into account Green Office's
strategic survival, not just the agents short-term compensation. In addition, long-term
customers are more profitable than new customers.
Industry Overview
The office supply stores industry comprises of stores that predominately retail stationery, school
supplies and office supplies. It is important to note that some stationery stores and office supply
business may also sell a combination of new computers, office equipment, furniture and supplies
Furthermore, there are no licensing requirements to enter the industry and as such, the Office Supply
Stores industry has limited barriers to entry
DEMAND: –
With the increasing numbers of schools and offices in India, the market for different stationeries items has
increased a lot in past few decades. Thus, the demand for the different stationary items has also increased a lot.
NON-PERISHABLE STOCK: –
The stock in the school and office supplies business usually doesn’t come with expiry date. Most of the items
in this business are non perishable and can be kept in stock for a longer period of time without the danger of
getting spoiled or damaged in compare to other businesses.