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Aravind Eye Care's Vision Centers - Reaching Out to the Rural Poor Marketing Strategy Analysis & Solution
Marketing & Sales Case Study Analysis and Solution
At Fern Fort University, we use Harvard Business Review (HBR) marketing principles and framework to analyze Aravind Eye Care's Vision Centers - Reaching Out to the Rural Poor case study. Aravind Eye Care's Vision Centers - Reaching Out to the Rural Poor is a Harvard Business Review case study written by Shainesh G, Suhruta Kulkarnifor the students of Sales & Marketing. The case study also include other relevant topics and learning material on – Supply chain
Strategic Marketing Analysis of Aravind Eye Care's Vision Centers - Reaching Out to the Rural Poor case study written by Shainesh G, Suhruta Kulkarni will comprise following sections –
- Aravind Eye Care's Vision Centers - Reaching Out to the Rural Poor Case Description
- Marketing Definition
- Market Potential Analysis of Aravind Eye Care's Vision Centers - Reaching Out to the Rural Poor
- Market Share Potential Analysis
- Segmentation and Segment Attractiveness Analysis
- Competition and Competitiveness Analysis of Aravind Eye Care's Vision Centers - Reaching Out to the Rural Poor
- Customer Value Analysis of Aravind Eye Care's Vision Centers - Reaching Out to the Rural Poor case study
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Order Now - Aravind Eye Care's Vision Centers - Reaching Out to the Rural Poor Porter 5 Forces and Strategy Analysis
Aravind Eye Care's Vision Centers - Reaching Out to the Rural Poor Marketing Case Description
Sales & Marketing Case Study | Authors :: Shainesh G, Suhruta Kulkarni
Aravind Eye Care Systems (Aravind) had started setting up vision centers (VC) in 2006 and 51 VCs were operational by March 2015. The location for each VC was chosen to ensure easy access for about 50,000 people across 15 to 20 villages within a 5-7 km radial distance. Each VC had a target of reaching at least 10% of the population, that is, around 5,000 patients, which served as a benchmark for penetration. Consultations related to eye care were provided at the VC. They also dispensed medicines and spectacles. The VC would facilitate arrangements for patients requiring surgeries at the base hospital, including their transport, food and any other reimbursement. Each VC had three key personnel - coordinator, ophthalmic technician, and field worker. The VC was equipped with basic ophthalmic equipment and internet connectivity. The presence of a permanent establishment, in the form of a VC, motivated people in rural areas to seek earlier treatment for vision problems. This helped in eliminating vision care problems and enabled them to get back to earning their livelihoods. The permanent setup also positively influenced the healthcare seeking behavior of the people. Most VCs had performed well, however some VCs were not attracting enough patients, thus not enabling Aravind's classic, volume-driven model, to work and support self-sustainable operations. Thulsiraj, Director of Aravind, was analyzing the performance of all VCs. How should he analyze the performance of VCs from a marketing perspective? Should he change the marketing strategies for those VCs which had attracted a very low number of patients and if yes, how will it be be designed, considering the unique market in which VC operates? Were the VCs innovative in their approach to reach out to patients? Were the VCs self-sustainable? What parameters should he use to evaluate the performance of VCs? How should he increase the number of patients at VCs?
According to American Marketing Association – Marketing is a set of activities that a firm undertakes for creating, communicating, delivering, & exchanging offerings that have value for customers, clients, partners, and society at large.
Kotler explains - Marketing is a process by which organizations can create value for its potential and current customers and build strong customer relationships in order to capture value in return.
Market Potential Analysis of Aravind Eye Care's Vision Centers - Reaching Out to the Rural Poor
Market potential analysis comprises evaluating the overall market size of the related product that the firm is planning to launch. This will involve defining – Why the target market segment needs the product and how it will provide a solution to full its consumers’ needs. Market potential of Aravind Eye Care's Vision Centers - Reaching Out to the Rural Poor products various on factors such as –
- Maturity of the market. In mature markets the profitability is often stable but the market potential is less as most of the players have already taken market share based on the segment they are serving. New players have to go for market share strategies in marketing.
- Technological competence of the existing players and culture of innovation and development in the industry.
- Untapped market sizes and barriers to both enter the market and serving the customers. Often companies can easily see the unfulfilled needs in the markets but they are difficult to serve as there are costly barriers.
- Define the core need that your product is serving and list out all the direct and indirect competitors in the market place. This will help not only in positioning of the product but also in defining or creating a segment better.
- Uncovering the current and untapped market sizes and barriers to serving the larger market. Analyze the areas that you need to sort out while launching the products to wider market and what are the challenges the firm will face in market place.
- Estimate the current stage in product life cycle and its implications for marketing decisions for the product.
Market Share Potential Analysis
- Understanding the buyer behavior model for Aravind Eye Care's Vision Centers - Reaching Out to the Rural Poorindustry.
- Identifying the market share drivers relevant to Aravind Eye Care's Vision Centers - Reaching Out to the Rural Poor market.
- Segment Attractiveness Analysis – Our analysis will work out which are the most attractive segments and which are the one the firm should go ahead and target. We point out in great detail which segments will be most lucrative for the company to enter.
- Understanding the different needs and relative value of your offering by segment.
- Developing segment priorities and positioning the product based on the product need fit developed by the firm.
Competition & Competitive Position Analysis
- Uncovering customer-based competitive positions for key rivals and firm’s offering. This will not only help in assessing the strengths and weaknesses of the competitors but also help in defining and positioning of the product.
- Developing a positioning and launching strategy. It will require not only distribution channel analysis but also promotion mix for the product.
- Strategic Marketing Planning — the process of developing and maintaining a strategic fit between the organization’s objectives and capabilities and the ever evolving marketing opportunities for its products.
Aravind Eye Care's Vision Centers - Reaching Out to the Rural Poor - Customer Value Analysis
Capturing customer value is essential to marketing efforts as it results in higher return in the form of both current & future sales, greater market share, and higher profits. By creating superior customer value, the organization can create highly satisfied customers who stay loyal and buy more. This, in turn, means greater long-run returns for the firm.
- The crucial role of customer perceived value in acquiring and retaining profitable customers. Product differentiation is often based on building on a value niche that a firm believes that is very important to the customer. This niche contributes to perceived value. If the perceived value is high then customer stay loyal to the product if not then she can switch to the competitor’s product.
- Graphically displaying value differences for deeper understanding and better internal communication. This helps is building a narrative that a customer can identify with. The better the insight more are the chances of connecting with the potential customers.
- Identifying and selecting actionable value creation options. This can help in increasing the customer lifetime value. Customer lifetime value is the value of the entire stream of purchases that the customer would make over a lifetime of patronage.
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