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Objectives
Situation
Your Group is the special think tank that has been set up by Company A to understand the
way Consumer attitudes are changing [during COVID Lockdown] and how that will impact
their attitudes and consumption behavior in the mid term and long term.
Each Group is welcome to pick a Target Company [and a Target Consumer]. For example you
could be doing this project for Parle Agro which markets fruit drinks to Kids [5 to 12 years]
and Teenagers; OR for Unilever that markets Horlicks aimed at Women 28 to 35. Ideally
pick a product category [and a TG].
The project is more to get you to immerse into consumer’s life and how it is changing and
will keep changing over the next months.
Consumer segments can be seen as broadly along the following lines. Two groups may have
overlapping consumer segments. But Target Company and Target Product category should
be unique to each group :
- Kids 5 to 12 years
- Teenagers 13 to 19
- Young adults 20 to 28
- Men 28 to 35
- Women 28 to 35
- Men 36 to 45
- Women 36 to 45
- Men 45 to 55
- Women 45 to 55
- Men / Women 55+
Process :
- What was your behavior before the lockdown [in general and with respect to the
Target Product]
- What has been the experience during the lockdown
- What are the new things you learnt during the lockdown
- How do you think this has changed your views about buying products and services?
- What products will you want to buy immediately? What product will you buy in the
next three months?
- Imagine you go to sleep and wake up in June 2021. What do you see around you?
How is it different from Jan 2020 and May 2020 ?
- What do you think are the changes you will see in what people are buying and using?
-
Findings:
Based on your secondary research and your primary investigation, develop a blueprint for
the imaginary company you are working in. What should the company do in terms of
marketing its products or services? What could be innovation opportunities? What
behavioural interventions will be needed to stimulate demand? What products will fail to
retain their appeal?
Conclusion
What lesson can you take out of your exercise? How can you apply your learning to other
Target Companies / Target Consumer.
Norms