Documente Academic
Documente Profesional
Documente Cultură
Sonex Cookware
▪ QASIM MEHMOOD 17221002
▪ MUHAMMAD WAQAS 17221007
Sonex Cookware
i. Executive Summary
ii. Situation Analysis
iii. SWOT Analysis
i. Executive Summary
Reference http://www.sonex.com.pk
▪ We see our biggest challenge is not only developing an elite range of
products, but also in creating a general implementation of our ideas and
experiences.
▪ We define the requirement of a new series as economical without
simplistic content, individual creativity at an affordable pricing.
ii. Situation Analysis
A. The Internal Environment
Review of marketing goals and objectives
▪ Goals:
▪ “To provide quality material combined with quality construction and reasonable
prices & main motto is the, complete satisfaction of our customers with quality,
standard and in time delivery”
▪ Objective:
▪ “Sonex die cast seeks to become the leading ethical manufacturer and exporter of
household cookware in the country, servicing an expanding base of satisfied,
international clients”
How goals and objective achieved:
▪ Goals:
▪ To provide quality material
▪ With quality construction
▪ Delivery in time
▪ Objective:
▪ Seek to become Leading ethical manufacturer
▪ Exporter of household cookware
▪ International clients
Goals and objectives consistent or inconsistent with mission:
▪ The product quality and service is very good and appropriate. Sonex Company
doesn’t compromise on quality and services. And they try to become better and
appropriate in future.
▪ Sonex has segmented their market very effectively they have targeted elite class
as well middle class household women’s.
▪ The position of Sonex is very good among competitors because it’s the market
leader with the highest share in the market.
▪ The price of goods and services is very reasonable and affordable. And they are
cost leader and differentiate in cookware market.
Current and anticipated organizational resources
▪ The financial condition of SONEX is very strong they are performing better than
the industry average.
▪ For distribution and production, Sonex receives its raw material from its various
suppliers as per order demand and produce finished goods. It has maintained
good relationships with suppliers.
▪ The company produces quality goods for its customers and promises the
delivery in time. For avoiding any uncertainty from suppliers the company is
well maintain its inventory.
▪ For outbound logistics the company has only one distributor.
Current and anticipated cultural and structural issues
▪ The firm has a very fine orientation towards its customers. This is the reason
that firm has been able to gain the trust of customers leading to the bigger
market share.
▪ Sonex mostly finance through bank loans because they have a good reputation
in market so they get the loan easily and their finance manager is well qualified
and experienced.
▪ They are the market leader in the cookware and they are fulfilling the
customers’ need very appropriately.
B. The Customer Environment
Firms current and potential customers
▪ The current customers are the middle and upper middle class
females who these buying decisions.
▪ Their lifestyles are family oriented.
▪ They have a high usage rate.
Potential users are the elite and upper class.
What do customers do with firms products
▪ The firm does not have any outlet. They buy it from the distributors and
retailers.
▪ Customers also buy the products from online platforms.
When do customers purchase the firm's
products
▪ Customers buy the products at the events and when the product is damaged or
the life of the product is finished.
Why (and how) do customers select the firm's
products
▪ Ease of cooking
▪ Brand image
▪ Quality
▪ Personal relations
▪ Design
Why do potential customers not purchase the firm's
products
▪ This is because the potential customers’ current product still has its life.
▪ He doesn’t need the style of the product.
C. The External Environment
Competition
▪ They have the brand competition.
▪ Sonexs’ competitors are Ajwa cookware and Finex cookware.
▪ They are targeting middle and lower middle class.
Economic Growth and Stability
▪ . Due to inflation the buying power of the customer is decreasing and it’s a threat
for the industry. (Threat)
▪ In this national market considering as the ordinary activity or consider it as
regular. Prices of the products can be changed anytime. This is threat for national
market. The prices of our products can also fluctuate through this trend.
Political Trends
▪ Number of Marriages:
▪ As the social structure and number of marriages is ever changing. With the
marriage a family is created. With the increasing number of marriages the need
of the family members are also increasing. It’s a need of every family to cook
food and use utensils. So it’s an opportunity for our industry because with the
increase in family the need of utensils and other steel items is increasing.so it’s
an opportunity and we can produce gods and sell to this segment.
▪ Buying Habits:
▪ Buying preferences of the customers are always changing. Manufacturers have
to identify the needs of the customers and develop the products according to
customers’ needs.so it is a threat for the steel industry so the industry should
have to continuously in the effort to develop the products according to
consumer preferences.
iii. SWOT Analysis
A. Strengths
▪ Brand image
▪ 65% market share of cookware
▪ Known in international markets
▪ The firm has created a trust in customers heart which is the main strength to
meet the customers’ need and the bigger market share and export to other
countries enable the firm to be differentiated from its competitors.
B. Weaknesses
▪ Unskilled labor
▪ High cost perception
Sonex claims to manufacture the high quality products and their unskilled labor is
a weakness which may cause some uncertainty while delivering the high quality
products.
High cost perception is a weakness where the competitors have an edge because
the class who is price conscious will not opt for Sonex.
C. Opportunities
▪ R& D department
▪ Enter in new foreign market
▪ Creating an R&D department will let the firm to explore new ideas that will lead
to serve the customers’ need.
▪ Entering the new foreign markets will bring more business and growth of the
firm.
▪ Time horizon for entering the new foreign market may not be very long because
the firm has many resources that will help it doing so.
D. Threats