The flurry of festivity associated with Diwali (the festival of lights) has just subsided leaving us all gasping for breath. Unlike important days in the west (such as the Independence Day and Christmas) which are celebrated by the city's governing council (through a ceremonial display of fireworks at some important location) Diwali is more of a household affair. Over the years I have often wondered about the economics involved in manufacturing firecrackers and was intrigued by the ability of some brands to regularly turn in profits in the face of increasing competition. This year (with a freshly graduated MBA mind) I want to put forth some ideas which could help a brand differentiate itself from the competition and attract the attention of customers. The domestic firecrackers industry is estimated at around Rs 1200 crore (approximately $250 million). Here in South India we have three major brands which occupy a significant market share: Standard , Kaliswari and Ayyan all o...
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