Ananyo Deep Saha (221019) Anvesh Reddy Methuku (221032) Itika Aggarwal (221056) Akshay Bharadwaj (073003) Debpriya De (073012) SPECTRUM BRANDS Presented to: Prof. Bhalender Singh Nayyar 1. Analysis of Markets Market Share Company Sales Overall Size Source Battery & Lighting 14% 1062 7586 pg 6 Shaving & Personal 25% 414 1656 pg 6 Lawn & Garden & Insect 23% 447 1943 pg 7 Insect 24% 150 625 pg 7 Pet Products 8% 286 3575 pg 7 Net Sales 2359 (in millions) Market Sizes Competitors, Consumer Behavior & Channels Market Competitors Consumer behaviour Channels of distribution Battery Duracell (40%), Energizer (40%) Convenience, quality, brand names Wholesalers, distributors, professionals, OEMs, mass merchandisers, home and garden centres & niche electronic stores (60%) Shaving Norelco, Braun, Conair, Helen Seasonal, purchased as gifts Mass merchandisers, specilaity retailers Garden Scott (30%), CGPC (17%) Affluent baby boomers, seasonal Mass merchandisers, home centres, independent nurseries & hardware stores Insect Scott, S.C.Johnson Awareness of insect- borne diseases Mass merchandisers, home centres, independent nurseries & hardware stores Pet CGPC (9%), Hartz Mountain Companion, high disposable income Specilaity pet stores, independent pet retailers, mass merchants, grocery stors & professional outlets 4. Problems might encounter External factors (customers & competitors) Relationships with customers will have to be refined Competitors might act aggressively and over take during the transition period
Internal factors (employee reaction) Employees may resist the change in sales force structure Employee turn-around might increase due to increase in workload for certain markets/channels Cost of training required for employees might be greater depending on their learning ability 5. What would be the impact of the changes suggested by you on sales staff morale? The employees from both Rayovac/Remington and Nu-Gro might feel apprehensive about the new developments. Sales representatives might be concerned about their future employment status. The employees might be averse to the overall changes, and might take some time to adjust to the new set-up.
What can Falconi do to minimize it? Creating a reasonable and effective commission structure Instituting an elaborate system of perks and incentives Recognizing sales achievements Regaining the trust of the employees through transparency in communication and conduct
6. Brands with Distributors Spectrum Brands should continue with distributors for Tetra company for specialty pet products, though it costs 15% of the revenue as against 2-3% for the sales people due to:
Since the market with pet products have largely small retailers mostly unorganized, it will be difficult for sales people to target them
However, if we continue with distributors to manage these small retailers, they can leverage on existing relationships with those retailers
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