A STUDY ON BRAND POSITIONING OF ONE PLUS MOBILES: QUALITATIVE ANALYSIS - IAEME Journals

 
CONTINUE READING
A STUDY ON BRAND POSITIONING OF ONE PLUS MOBILES: QUALITATIVE ANALYSIS - IAEME Journals
Journal of Management (JOM)
Volume 5, Issue 4, July – August 2018, pp. 166–170, Article ID: JOM_05_04_018
Available online at
http://www.iaeme.com/JOM/issues.asp?JType=JOM&VType=5&IType=4
Journal Impact Factor (2016): 2.4352 (Calculated by GISI) www.jifactor.com
ISSN Print: 2347-3940 and ISSN Online: 2347-3959
© IAEME Publication

   A STUDY ON BRAND POSITIONING OF ONE
   PLUS MOBILES: QUALITATIVE ANALYSIS
                                    Gaurav Verma
                             PGDM 2017-19 BIMM, Pune, India

                                      Dr. Binod Sinha
                                Professor, BIMM, Pune, India

   ABSTRACT
       The telecommunication industry is fastest growing sector in today’s economy
   .Earlier cell phone industry is primarily engaged in the manufacturing of mobile
   phones, including mobile phone handsets. But now industry is totally concentrated on
   moving forward technologically. It is growing alongside up-and-coming technologies
   and innovations, building upon the progress of "smartphones" and other phone
   feature and segments made in recent years. One Plus mobiles are among few cell
   phone manufacturer which is positioning its brand very high in the mind of
   consumers. OnePlus was launched its first mobile in 2014 and in a small duration of
   time it became one of the market leaders in 2017, OnePlus leads the premium phone
   market in India with 48 percent share in the Q4, 2017 as per IDC. They entered the
   market with a proper strategy that positioned them as a premium market player in the
   industry. Recently they launched OnePlus 6 and the mobile handset sold hand to hand
   in the market, it    made a record sale of Rs.100 crore within first 10 minutes of its
   preview sale on Amazon India and its own website. The research paper outlines
   qualitative analysis on brand positioning of OnePlus Mobiles based on the data
   available on online resources.
   Key words: Telecommunication Industry, Technology, Innovation, smartphones,
   Brand Positioning.
   Cite this Article: Gaurav Verma and Dr. Binod Sinha, A Study on Brand Positioning
   of One Plus Mobiles: Qualitative Analysis, Journal of Management, 5(4), 2018, pp.
   166–170.
   http://www.iaeme.com/JOM/issues.asp?JType=JOM&VType=5&IType=4

1. INTRODUCTION
Today’s in and tomorrow’s out is situation in cell phone industry. Creating brand positioning
in this sector is tough task and penetrating market is difficult. But One plus mobiles did it.

    http://www.iaeme.com/JOM/index.asp         166                       editor@iaeme.com
Gaurav Verma and Dr. Binod Sinha

   OnePlus is a Chinese brand based in Shenzhen, is a smartphone manufacturer. It was
founded by Pete Lau (CEO) and Carl Pei in December 2013. They have released numerous
phones, amongst other products like headphones, Power & cables (Mobiles).
   The company's aim is to design a smartphone that would give user high-end quality with a
lower price than other phones in its class (Premium Segment).
   Believing that users would "Never Settle" (Tagline) for the lower-quality devices
produced by other brands.

2. ONE PLUS INDIA
OnePlus India launched its first mobile handset, the OnePlus One, on 23 April 2014, in India
exclusively through Amazon, OnePlus also announced its plans to establish a presence
through physical stores (Brick & Mortar), with plans to have 25 official walk-in service
centres across India.
   The recent data from IDC, a market research company, reveals that OnePlus leads the
premium phone market in India with 48 percent share in the Q4, 2017.

3. TIMELINE OF PRODUCT RELEASE
         Name           Codename             Launch Date        International Launch date
   OnePlus One      bacon            23 April 2014            6 June 2014
   OnePlus 2        oneplus2         27 July 2015             11 August 2015
   OnePlus X        onyx             29 October 2015          5 November 2015
   OnePlus 3        oneplus3         14 June 2016             14 June 2016
   OnePlus 3T       oneplus3t        15 November 2016         28 November 2016
   OnePlus 5        cheeseburger     20 June 2017             27 June 2017
   OnePlus 5T       dumpling         16 November 2017         21 November 2017
   OnePlus 6        Enchilada        16 May 2018              22 May 2018

3.1. Geographical Presence
The company officially serves 38 countries and regions around the world as of countries
present on its website.
The following distinctive features of OnePlus mobiles have created impact on consumers:
Unique Selling Proposition (USP)
INVITE SYSTEM
     They made the customers curious and proved themselves.
     They triggered basic human behaviour of inquisitiveness.
     Buy by invitation only process allows the OnePlus to gradually fulfil the demand
       while customers are kept in a constant state of anticipation.
     Due to some controversy, this invite system was discontinued.
LAUNCH VARIANTS
     If calculated, then One Plus launches only two handsets in a duration of one year. And
       always the second version is the upgrade of first.
     Very precise and specific about their product, this makes them very up to the point
       players.
PRICING STRATEGY
     Offer competitive pricing to its rivals

    http://www.iaeme.com/JOM/index.asp      167                        editor@iaeme.com
A Study on Brand Positioning of One Plus Mobiles: Qualitative Analysis

   They never bargain their price.
   After the launch of new product, the prices of old ones are not changed.
SOCIAL MEDIA STRATEGY
   It all started with the quirky social media adverts, in which they targeted the
     competitors directly.
   Influencer marketing.
   Well connected to the audience through social media.

4. ANALYSIS BASED ON FOLLOWING MODELS
4.1. Four pillars of Brand Equity Models
OnePlus has stepped with THE FOUR PILLARS OF BRAND EQUITY model and they have
worked it out well. Every pillar is well planned and executed.
     Differentiation       A brand’s distinct personality or features.
     Relevance             A brand’s awareness and fit with personal needs.
     Esteem                A brand’s degree of recognition and respect; how easily consumers
                           can forgive the brand.
     Knowledge             A brand’s ability to influence the behaviour, actions, and lifestyles
                           of its consumers.

    OnePlus has defined each pillar very precisely and thus it holds a strong structure for their
product, which altogether gives a Premium positioning in the minds of the audience. Gap is
identified for strengthening the four pillars.

4.2. The 5 Customer Segments of Technology Adoption Models

    According to consumer adoption curve, especially the customer for technology segment
are the people who just buy the product at their launch and they through their review and
experience promote or demote it. These customers are always looking for something new in
the product, which makes them inquisitive
Innovators (2.5%) – Innovators are the first individuals to adopt an innovation. They are
willing to take risks, youngest in age, have the highest social class, and have great financial
stability, highly active on social media.
Early Adopters (13.5%) – Second largest category of individuals for adoption of an
innovation. They have highest degree of opinion leadership among the other adopter
categories.

    http://www.iaeme.com/JOM/index.asp          168                           editor@iaeme.com
Gaurav Verma and Dr. Binod Sinha

Early Majority (34%) – In this category adopt an innovation after a varying degree of time.
This time of adoption is significantly longer than the innovators and early adopters.
Late Majority (34%) – In this category will adopt an innovation after the average member of
the society. These individuals approach an innovation with a high degree of skepticism and
after the majority of society has adopted the innovation.
Laggards (16%) – Last to adopt an innovation. Unlike some of the previous categories,
individuals in this category show little or no opinion leadership.
And the OnePlus is highly on the minds of Innovators & Early adopters, and yes the product
is of higher degree which tends to make an impact on these two segment and then the product
starts penetrating other segment.

4.3. Strength, Opportunity, Weakness and Threat Analysis Model

 STRENGTH                                              OPPORTUNITY
 1. Mid-range cost phones.                             1. Global markets yet to be
 2. High Specifications.                               penetrated.
 3. Viral Campaigning.                                 2. More technological advancement.
 4. Exclusive partnership.                             3. Counting in premium mobile brands.
 5. Android platform OxygenOS.                         4. Software and Hardware innovation.

 WEAKNESS                                              THREAT
 1. Two variants per year.                             1. Competition selling near similar
                                                       specifications in low prices.
 2. The second variant is a better version
 of first.                                             2. Less innovate in terms of premium
                                                       competition.
 3. Less innovate in terms of trend.
                                                       3. Highly competitive market.

5. CONCLUSIONS
With all this information, we can conclude that the OnePlus has a strong hold on their
fundamentals. Their strategy, execution and implementation are aligned with the mission,
vision and values of the organization.
   The process of positioning the brand in the mind of the customers is well defined.
    They managed to get a space in the minds of the consumer and the brand projected out,
got positioned. There is no error of under, over, double and confused positioning. They are
crystal clear in what they want to be and where they want to be in the mind of customers.

   http://www.iaeme.com/JOM/index.asp       169                         editor@iaeme.com
A Study on Brand Positioning of One Plus Mobiles: Qualitative Analysis

REFERENCES
 [1]    Adel Al Menhosh, YanWang and YuWang, 2016, The Mechanical Properties of the
        Concrete Using Metakaolin Additive and Polymer Admixture, journal of Engineering,
        2016: 1- 6
 [2]    https://thenextweb.com/market-intelligence/2015/03/17/how-oneplus-ones-marketing-
        made-it-the-most-desirable-phone-in-the-world/
 [3]    https://www.quora.com/What-do-you-think-about-OnePlus-marketing-strategies
 [4]    https://www.marketingweek.com/2016/03/02/how-oneplus-is-taking-on-the-mobile-
        giants/
 [5]    https://www.livemint.com/Industry/ngCv0DvkUVlPnZYiD1j4hI/OnePlus-is-changing-
        the-way-it-sells-its-smartphones.html
 [6]    https://en.wikipedia.org/wiki/OnePlus#OnePlus_2_launch_invite_issue
 [7]    http://www.wikiwealth.com/swot-analysis:oneplus
 [8]    https://en.wikipedia.org/wiki/OxygenOS
 [9]    https://www.indiatoday.in/technology/news/story/oneplus-leads-india-s-premium-phone-
        market-with-48-per-cent-share-idc-data-1177392-2018-02-25
 [10]   https://economictimes.indiatimes.com/magazines/panache/oneplus-6-beat-5ts-one-day-
        sales-record-in-10-minutes-flat/articleshow/64273788.cms
 [11]   http://editimage.club/voip.html
 [12]   https://ondigitalmarketing.com/learn/odm/foundations/5-customer-segments-technology-
        adoption/

  http://www.iaeme.com/JOM/index.asp         170                        editor@iaeme.com
You can also read