Marketing Management Assignment 1
Marketing Management Assignment 1
For our Farmplex is bene ted for all as part of consumer and company unlikeothers our
company adopting latest technology such as less man intervention.
Kotler’s Five Level Core Bene ts Like food security and resilience while layering
essential tools, quality resources, and innovative solutions
like digital platforms and AI-driven tools to revolutionize
sustainable farming practices.
Generic Product : Provision of basic farming inputs such as
seeds, fertilizers, and water access. These meet the
essential need of enabling agricultural production.
Expected Product: High-quality, drought-resistant seeds
and fertilizers, Reliable access to irrigation and water, timely
delivery of agricultural inputs, support for basic farming
techniques and knowledge-sharing.
Augmented Product: Includes additional features &
services such as real-time weather updates market access,
and crop monitoring and innovative farming technique.
Potential Product: Represents future innovations and
possibilities that could transform farming and sustainability
such as AI-driven predictive tools for optimized planting,
pest control, Integration of renewable energy sources and
resource allocation. These advancements envision a highly
resilient, sustainable, and tech-enabled agricultural
Strategic Plan for Promoting Polyhouse Farming to Farmers Agribusinesses
Promotion should be realized with a proper strategy focused on the target
customers: farmers, agribusinesses, and institutions engaged in
agriculture. Here is a detailed promotional strategy:
1. Online Marketing
Social Media: Publish videos, photos, and tips about polyhouses on
Facebook, Instagram, and YouTube.
2. Demonstrations/Training & Workshops
In-village and town- eld demos for demonstration of actual functionality
of
polyhouses and how it helps.
• "Open Days"-people can visit operational polyhouses
3. Collaborations
• with the agricultural universities, research centers, and equipment
suppliers
• with the governments for the development of subsidies and nances in
polyhouses
4. • Training farmers on the methods of building and usage of polyhouses for
speci c crops.
5.Easy Financing
• Creation of awareness regarding government subsidies and loans
provided to the Polyhouse farmers.
• Update them with the latest technologies like sensors and automation.
PRICING & Strategy When consideringpricingin sustainable farming, we must think
through several key aspects
cost, margin, supply anddemand, andincentives. Here’s how they
1. Need Recognition: Identifying Product Requirements apply:
•Farm Context: Customers realizethey need fresh, organic produce. 1. Cost Calculation:
•Action: Ensurethat your farm products (e.g., organic vegetables, fruits) areclearly labeled and Calculate all costs involvedin producinganddeliveringyour
advertised to meet theseneeds. products, includingseeds, fertilizers, labor, water, equipment, and
•Farm Context: Customers look for di erent options by exploring advertising, publicity, and their transportation. Example: Determine the cost of producingone
2. Information Search: Finding Alternatives
previous experiences. kilogram of organic tomatoes, consideringall inputs andresources.
•Action: Usevarious marketing channels such as social media, farm websites, and local 2. Margin De nition: The di erence between the cost of production
advertising to inform potential customers about your products. Highlight thebene ts of your andthe sellingprice. Application: Decide on a pro t margin that
produce, such as quality, freshness, and sustainability. keeps yourfarm sustainable. Forinstance, if the cost toproduce a
3. Deliberation: Analyzing Options and PriceSensitivity kilogram of organic tomatoes is Rs. 40, andyou want a 25% pro t
•Farm Context: Customers comparethequality, price, and valueof di erent farm products. margin, set the sellingprice at Rs. 50.
•Action: Providing clear, competitivepricing and highlight uniqueselling points, such as 3. Supply andDemandMonitoring: Regularly monitormarket trends
sustainablefarming practices or premium quality. O er samples or tastings at farmers'markets to tounderstandthe demandforyourproducts. Adjustment: If demand
showcasethesuperiority of your produce. fororganic produce is high, you can set higherprices. Conversely,
4. Purchase: Selecting and Buying a SuitableProduct
•Farm Context: Customers decideto buy your farm products. duringperiods of low demand, prices might needtobe adjustedto
•Action: Makethepurchasing process easy and convenient. Accept various payment methods, maintain sales.
o er homedelivery services, and ensureyour products areavailableat local farmers'markets and 4. Incentives Strategies: O erincentives toboost sales anda ract
customers.
stores. Bulk Discounts: O erdiscounts forbulk purchases, such as 10%
5. Post-Purchase: Examining Satisfaction and Seeking Exchange/Return o forpurchases over10 kilograms.
•Farm Context: After buying, customers assess their satisfaction with theproduce.
•Action: Follow up with customers to gather feedback. O er satisfaction guarantees and clear Loyalty Programs: Implement programs toencourage repeat
return/exchangepolicies. Engaging with customers through follow-up emails or surveys can help business, such as o eringa discount ora free item aftera certain
ensurethey arehappy and encouragerepeat business. numberof purchases.
By addressing each step of thecustomer decision-making process, agricultural farms can enhance Eco-friendly Packaging: Use sustainable packagingtoappeal to
customer satisfaction, build loyalty, and drivesales. 🌾🍎 environmentally-conscious consumers.
By thinkingthrough these economic factors—cost, margin, supply
anddemand, andincentives—you can develope ective pricing
strategies that ensure pro tability andsustainability in yourfarming
business. 🌾📈
Strength Weakness
• Collective farming association
• Less Awareness
• Quality certi cation process • Challenges to nd inventors
• Flexibility for individual branding • challenges to increase sales and reach the end
• Diverse crop portfolio for di erentiation user
•
•
Increase access to fresh, healthy produce • Right installation of technology
•
Foster community engagement and social connections
Promote sustainable agriculture practices • Implementation or maintenance of
• Support local food systems and economies Educate and system/machines and
empower individuals on food production and nutrition • upgrading them as it includes design of farm.
Opportunities Threats
• Precision farming opens doors to international • Substantial production lags di erence
markets between realised and
• Potential revenue streams with higher prices • Expected prices
• Promoting sustainable agriculture and community •
health Farm chemicals
• Commercial farming entry • Climate change
• Addressing urban community demand for fresh • Insu cient Agricultural land
produce
• Partnering with diverse agri-businesses
• Access to healthy farm produce
B d id tit b ildi
GMQ Gartner’s Magic Quadrant
A
GMQ
b
ili
Challengers Leaders
t Irrigation technology. E ective Advanced farming tools, innovative
y
t fertilizer methods of crop management.
o
e Adoption of new technology by Sustainable program e ective in real
x traditional farmers. world.
c Niche Visionaries
e
c 365 days yield. Automation and robotics.
u
t Regenerating the health of soil. Sustainability Focus.
e
Completeness of Vision
Conclusion :
Building a sustainable ecosystem farming is dynamic process By fostering biodiversity
improving soil health, and integrating renewable practices we have created a system that
not only supports agricultural productivity but also contributes to environmental well-
being.
Recommendations:
1. Prioritize Soil Health
2. Promote Biodiversity
3. Integrate Livestock
4. Optimize Water Usage rain water, drip and sprinkle
5. Implement Natural Pest Management
6. Foster Community Collaboration
7. Monitor and Adapt
8. Long-Term Vision
Next steps:
Monitor, assess, collaborate, adapt, and expand