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Sales and Market
As the business activities of the company are directly related to the demographics of the population, most importantly the growth of population, the increasing population suggests a high growth potential for the company. Thus, this section of the study is to establish a point of view regarding the target market of the company and the sales relationship. In order to establish this fact, a thorough study of the lighting industry and the target market of the company.
According to the case, in the year 2009, the lighting industry was worth $73 million. In addition to that the growth rate for the industry is around 9% over the coming five years. The major sections of the industry are evaluated to be the segments as homes, outdoor, offices, retail, industry, and hospitality, healthcare, entertainment and automotive. The lighting industry is considered to be an oligopolistic in reference to economic structure, therefore a few companies are leading the industry and most of the profit share is divided in these leading companies. According to the Global Lighting Industry the market leaders are “The big Three”, Philips, OSRAM and General Electric. Around 48% of the total market share is covered by these leading companies whereas the remaining 52% is constituted by the remaining firms in the industry.
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Subject: Customer Relationship Management
Subject: Marketing Research
Subject: Consumer Behavior
Type: Business Plan