Originally posted by fuent104 That's why the company needs to be innovative, in terms of products. At least in the consumer's mind. The past few years have been littered with stories about companies such as Fuji, Lytro, Da Vinci (Black Magic), etc. going from producing no cameras whatsoever to taking the market by storm and becoming well-known for their products in a short period of time.
I understand that there are additional business concerns. Regardless, these companies have proven that it can be done.
That's how you market to westerners/Europeans.
In India, marketing relies heavily on making something a status symbol. Innovation is second to that, which is what one will see when they go out there. Like I said, society there is segmented so many different ways, from religion, education, caste, income, village, profession/job, location, language, culture, local culture, etc. Across these, the one commonality they will have is acquisition of status/material goods.
So Pentax needs to go in and establish itself INSTANTLY as something special, akin to how Lexus broke into the US market in 1989. Establish itself as "one of the premier names", whether true or not, establish the history of the brand. If it doesn't, Pentax will be gone within 1-2 years, as the market there is unforgiving, consumers are aggressive and develop stereotypes about products and the people who buy them, and prestige is everything.
The flipside, which most companies still refuse to understand is that once they establish something in this country as a premier/luxury brand or status symbol, it's hard to lose it to trends. Think RayBan and Mercedes out there.
Last edited by snake; 08-12-2013 at 11:43 PM.