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Focus on ‘3 core benefits’ won for Orient Fans air supremacy war

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Orient PSPO was launched as a technological breakthrough. It was positioned as the Latest Air Delivery Technology with a clear tone of finality in the television, press and outdoor advertising. Based on the concept of PSPO which was put forward by Mudra, Orient Fans redesigned the entire range of ceiling fans.  

In the year 1993, the electrical fan market was dominated by the top 5 brands – Usha, Orient, Crompton, Polar & Khaitan- who controlled 70 % of the market They also enjoyed 95 % awareness in the market. However, they were gradually losing market share in a low growth stagnating market where the rapid growth of the unorganised sector (10 % annually) was giving them stiff competition. Orient’s sales were dropping rapidly and from 13,17,904 units sold in 1991-92, it went down to 10,74,441 units in 1992-93.

To overcome this a Brand Enhancement Value (BEV) test was done to find out the incremental values that organised sector brands provided. BEV determines the premium that the consumer is willing to pay for a Brand ‘X’ over Brand ‘Y’, given that ‘X’ and ‘Y’ serve the same purpose.
 

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The BEV for Orient (an organised sector brand) was 9.5 %. The organised sector fan buyer admitted that Orient was a better fan and was prepared to pay only Rs.50 extra for it. The reality was that Orient fan was priced 33 % higher than an unorganised sector fan. There was this huge gap between perceived value (9.5 %) vis-?-vis the actual price difference (33 %).
 
 

After knowing the results of BEV test, Orient adopted the new marketing strategy of redefining the quality benchmarks to provide the much needed brand differentiator both for the organised sector and unorganised sector competition.. A closer look revealed that the three core benefits of a fan – Air Delivery, Reach of Air & Electricity Consumption had not been focused by any brand. The lab results showed that Orient fans performed far better in these ‘3 core benefits’.

In order to make the ‘3 core benefits’ simpler to advertise, benefits were unitised and named as PSPO.
PSPO is –
Air Delivery * Sweep Area of Fan
Electricity Consumed  

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On Mudra’s recommendation, Orient maximised the equation by improving the parameters and also changed the basic design of the blade for a new look and better performing fan. Thus, PSPO (Peak Speed Performance Output) became the new benchmark of quality & technology for the Fan industry.

After all this Orient focused on the communication and creative strategy. Very soon, the TV commercial “PSPO nahi jaanta” became a talking point. Again research was conducted to check out the brand awareness after the launch of PSPO and it shown that in Jan `95 (5 months after the launch), awareness of PSPO was 53 %. By Sept `96, the awareness had gone up to 72%. Also there were considerable increase in the sales of PSPO.
The sales were recorded as under-

 

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IFRS Certification, FRM Course & Learn ACCA, CFA, CMA with Zell Education

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Professionals in the modern, rapidly changing financial environment require more than a degree; they must have certifications recognised worldwide to validate their knowledge and enable them to gain access to top-growth positions. Zell Education provides finance professionals with exactly this by offering industry-related programmes such as IFRS certification and FRM courses, as well as other recognised certifications from around the world.

Whether you are a student, currently employed, or looking to switch careers, all of these programmes are intended to simplify difficult financial concepts and prepare you for a solid career that is future-ready.

Why Choose IFRS Certification?

IFRS certification is among the most in-demand credentials for anyone interested in an accounting, auditing, or financial reporting career path.

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Main points of benefits:

  • Knowledge of global accounting standards utilised in more than 140 countries
  • Creating new opportunities within multinationals
  • Experience with financial statement analysis and reporting
  • Stay current with international compliance requirements

As businesses operate more globally than ever, there is a need for individuals who are well-versed in IFRS standards. This certification helps to close that gap and will position you as a valuable resource for the finance industry.

Build Risk Management Expertise with FRM Course

Every financial decision we make has risk management built into it. If you want to become an expert in managing financial risk and making effective risk management and strategic decisions, the FRM Course will teach you how to do it.

What You Will Learn:

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  • How to Analyse and Manage Financial Risk
  • Concepts Related to the Market, Credit, and Operations Risk
  • How to Interpret Financial Market Data and Instruments

Quantitative Analysis Techniques for Risk Measurement

Potential Career Paths Include:

  • Risk Analyst
  • Investment Banker
  • Financial Advisor
  • Portfolio Manager

As the demand for skilled risk management professionals increases worldwide, FRM provides one of the best career paths within the field of finance.

Why Zell Education Stands Out

Zell Education is committed to making complex ideas understandable through application-based learning, while offering students instructional design to guarantee their success as learners.

Features of Zell Education that distinguish it from others include the following:

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  • Industry Experts: Faculty consisting of professionally accomplished individuals in their respective fields.
  • Online and Hybrid Learning Options: There are multiple choices available to assist an individual in learning.
  • Practical Application: Evidence of how to apply learned information through the use of case studies.
  • Support with Placement: Assistance will be given in obtaining the best position obtainable.

Zell Education develops programmes focused on helping students succeed with testing and developing the skills necessary to advance their careers.

Explore Other Finance Courses Offered

Zell Education provides multiple globally accepted certifications to expand your career path in addition to the IFRS and FRM.

ACCA (Association of Chartered Certified Accountants)

  • Good for accounting/auditing career opportunities
  • Universal qualification
  • Strong basis in financial management

CPA (Certified Public Accountant)

  • Well-respected in both the U.S. and global markets
  • Emphasis on accounting, auditing, and tax
  • A good fit for corporate finance careers

CFA (Chartered Financial Analyst)

  • Best for jobs involving managing investments & portfolios
  • Includes research into stocks (equities), financial analysis, and ethical practices.
  • Desirable to top financial investors.

CMF (Certified Financial Manager)

  • Focuses on the management of finances and planning them.
  • Improves the ability to make decisions and perform analytical functions.
  • Best suited for jobs in corporate finance.

Who Should Enrol?

These programmes are perfect for:

  • Commerce and finance students
  • Working professionals aiming for career growth
  • Graduates looking for global career opportunities
  • Individuals planning to switch to finance careers

Your Path to a Global Career Starts Here

Your future career in banking will be influenced by your certification. For example, the IFRS Certification and the FRM Course at Zell Education provide you with a mix of education, practical experience, and job placement support for you to succeed as a result of these programmes.

Take control of your life today by creating a successful career in the financial industry, gaining visibility in the competitive financial industry, and taking part in the many options available to you today!

  • Get internationally recognised qualifications.
  • Gain access to the most current information about the financial industry from leading experts.
  • Pursue high wages in your career

Start now with your personal development by learning at Zell Education to provide you with the tools to be successful in the global banking industry.

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