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COMPETITIVE ANALYSIS
By Kripa Pattabiraman
Competitor 1
Product
A one-stop shop for
home furniture and
essentials
Rubber wood, fabric cushions, solid
wood frame, removable covers,
knockdown construction, different types
of finish
An end-to-end
solution for home
designing and
interiors
200 + designers, trained contractors,
build services – from flooring & tiling to
plumbing to painting to electrical
installments
Place
• Present in 18 cities - 7 stores in Mumbai
• Detailed interior displays on the store floor
• Mock-ups of living spaces with products
Price
Rs. 37, 500 ($707)
Rs. 1, 19, 999
($2264)
Rs. 29, 999 ($566)
HIGH
MEDIUM
LOW
Rs. 6499 ($122)
Rs. 21, 999 ($415)
Rs. 1, 24, 999
($2358)
HIGH
MEDIUM
LOW
Promotion
Up to 50% off on certain furniture, deals keep changing
Discounts, Gift Vouchers, One + One Free
- 0% interest, no or low down payment
- Loans from Rs. 7000 – Rs. 5, 00, 000 ($132 - $9432)
- Valid for furniture, bath products, flooring, modular kitchen, dining,
and décor lighting
LOCAL CARPENTERS
Segment 2
Product
• Whatever you want, they will build it.
– Any furniture, any size, any design
• Also handle other things like remodeling, tiling, etc
Place
• The carpenters don’t really have a
“store”.
• The carpenters come to the client’s
house to talk.
• Then, potential clients are taken to
the house of another client to see
finished work.
• Choose designs from books and
customize them, constantly discuss.
• Everything is built on-site at the
client’s house.
Price
• An initial quotation is provided
based on a discussion with the
client about what he or she wants
• Negotiate and renegotiate
• On agreement, receive advance
for materials
• Money paid in installments during
work
• Balance settled on completion
Promotion
• Mostly depend on word-of-mouth
publicity and past clients’
recommendations
• Future jobs from current jobs: on-
site enquiries by neighbors
• Might offer discounts on
quotations if it helps secure the
job
• No advertising or marketing
campaigns
Example: Work done in my house
• Door frames
• Window widening
• Water-proof doors
• Storage space
• Wash basins
• Wardrobe
• Modular kitchen
• Kitchen tiling
• Door frames
• Window widening
• Water-proof doors
• Storage space
• Wash basins
• Wardrobe
• Modular kitchen
• Kitchen tiling
Recommended by my UncleRecommended by my Uncle
My dad visited a client’s houseMy dad visited a client’s house
Designs based on books and discussionsDesigns based on books and discussions
One month to completeOne month to complete
Negotiated to 5 lakhs
($9500)
Negotiated to 5 lakhs
($9500)
Quoted an amountQuoted an amount
Local carpenterLocal carpenter
Retailers v/s Carpenters
Retailers
• National presence, more
customers
• Brand-centric model
• Company has more control
• Can be hassle-free
• Can furnish almost immediately
• What you see is pretty much
what you get
• Have the money to invest in
marketing and advertising
• Takes more time and effort
Carpenters
• Local business, limited number of
customers
• Customer-centric model
• Customer has most control
• Involves a lot of haggling
• Takes time
• What you get might not be what
you saw
• No budget for any kind of
marketing at all, w-o-m
• Convenient, they come to you
Sources
Images:
1.Ikea Logo: http://www.heart.co.uk/solent/win/ikea-bedroom-vouchers
2.HomeTown logo: http://antiintellect.wordpress.com/2012/07/18/hometown-thoughts
3.HomeTown product, place, price & promotion: http://www.hometown.in
4.Local carpenters: http://dimapur.donboscoindia.com/files/2011/11/non-formal3.jpg
5.Local carpenters: http://www.bloomberg.com/news/2010-12-20/india-can-t-find-enough-
laborers-to-build-roads-in-1-trillion-singh-plan.html
6.Local carpenters product: http://juliefergus.com/portfolio/1082
7.Local carpenters place: http://indiapiedaterre.com/2011/12/05/the-people-behind-the-
scenes
8.Local carpenters price: http://www.wellpromo.com/upload/upimg52/3-Part-Job-Invoice-
109752.jpg
9.Local carpenters promotion: http://thesologuide.com/wp-
content/uploads/2010/03/bigstockphoto_Word_Of_Mouth_-
_People_With_Bu_6602234.jpg
ThankYou.

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Ikea - Competitive Analysis

  • 3. Product A one-stop shop for home furniture and essentials Rubber wood, fabric cushions, solid wood frame, removable covers, knockdown construction, different types of finish
  • 4. An end-to-end solution for home designing and interiors 200 + designers, trained contractors, build services – from flooring & tiling to plumbing to painting to electrical installments
  • 5. Place • Present in 18 cities - 7 stores in Mumbai • Detailed interior displays on the store floor • Mock-ups of living spaces with products
  • 6. Price Rs. 37, 500 ($707) Rs. 1, 19, 999 ($2264) Rs. 29, 999 ($566) HIGH MEDIUM LOW
  • 7. Rs. 6499 ($122) Rs. 21, 999 ($415) Rs. 1, 24, 999 ($2358) HIGH MEDIUM LOW
  • 8. Promotion Up to 50% off on certain furniture, deals keep changing
  • 9. Discounts, Gift Vouchers, One + One Free
  • 10. - 0% interest, no or low down payment - Loans from Rs. 7000 – Rs. 5, 00, 000 ($132 - $9432) - Valid for furniture, bath products, flooring, modular kitchen, dining, and dĂ©cor lighting
  • 12.
  • 13. Product • Whatever you want, they will build it. – Any furniture, any size, any design • Also handle other things like remodeling, tiling, etc
  • 14. Place • The carpenters don’t really have a “store”. • The carpenters come to the client’s house to talk. • Then, potential clients are taken to the house of another client to see finished work. • Choose designs from books and customize them, constantly discuss. • Everything is built on-site at the client’s house.
  • 15. Price • An initial quotation is provided based on a discussion with the client about what he or she wants • Negotiate and renegotiate • On agreement, receive advance for materials • Money paid in installments during work • Balance settled on completion
  • 16. Promotion • Mostly depend on word-of-mouth publicity and past clients’ recommendations • Future jobs from current jobs: on- site enquiries by neighbors • Might offer discounts on quotations if it helps secure the job • No advertising or marketing campaigns
  • 17. Example: Work done in my house • Door frames • Window widening • Water-proof doors • Storage space • Wash basins • Wardrobe • Modular kitchen • Kitchen tiling • Door frames • Window widening • Water-proof doors • Storage space • Wash basins • Wardrobe • Modular kitchen • Kitchen tiling Recommended by my UncleRecommended by my Uncle My dad visited a client’s houseMy dad visited a client’s house Designs based on books and discussionsDesigns based on books and discussions One month to completeOne month to complete Negotiated to 5 lakhs ($9500) Negotiated to 5 lakhs ($9500) Quoted an amountQuoted an amount Local carpenterLocal carpenter
  • 18. Retailers v/s Carpenters Retailers • National presence, more customers • Brand-centric model • Company has more control • Can be hassle-free • Can furnish almost immediately • What you see is pretty much what you get • Have the money to invest in marketing and advertising • Takes more time and effort Carpenters • Local business, limited number of customers • Customer-centric model • Customer has most control • Involves a lot of haggling • Takes time • What you get might not be what you saw • No budget for any kind of marketing at all, w-o-m • Convenient, they come to you
  • 19. Sources Images: 1.Ikea Logo: http://www.heart.co.uk/solent/win/ikea-bedroom-vouchers 2.HomeTown logo: http://antiintellect.wordpress.com/2012/07/18/hometown-thoughts 3.HomeTown product, place, price & promotion: http://www.hometown.in 4.Local carpenters: http://dimapur.donboscoindia.com/files/2011/11/non-formal3.jpg 5.Local carpenters: http://www.bloomberg.com/news/2010-12-20/india-can-t-find-enough- laborers-to-build-roads-in-1-trillion-singh-plan.html 6.Local carpenters product: http://juliefergus.com/portfolio/1082 7.Local carpenters place: http://indiapiedaterre.com/2011/12/05/the-people-behind-the- scenes 8.Local carpenters price: http://www.wellpromo.com/upload/upimg52/3-Part-Job-Invoice- 109752.jpg 9.Local carpenters promotion: http://thesologuide.com/wp- content/uploads/2010/03/bigstockphoto_Word_Of_Mouth_- _People_With_Bu_6602234.jpg