cqa
DESCRIPTION
CQA ( Cost, Quality, Aspiration)- by Shining ConsultingTRANSCRIPT
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The benefit of this toolThis tool can help your R&D, Marketing and Vendor Management teams to work in a system that allows creation of aspiration in your product and service irrespective of its price point.
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Cost driven pre-liberalized
India
shifting to
aspiration and quality of
global benchmark
A=Aspiration / Q=Quality / C=Cost
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Cost QualityAspiration
Old India
New India 2005 onwards
Cost Till 2000
Quality2002
onwardsAspiration
2004 onwards
Consumer eye has shifted from cost to aspiration
Purchase motivationIn new India, aspiration and quality go hand in hand at every price point.
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Cost Quality
Aspiration
New India 2005 onwards
Rs. 25000Nokia
Rs. 2000LG
Features, brand image, material can differ But aesthetics, ergonomics, usability and experience cannot be
compromised
Purchase motivation in mobile phones of Rs. 25,000 Nokia N series and Rs. 2,000 LG
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Cost Quality
Aspiration
New India 2005 onwards
Rs. 7 LakhsHonda City
Rs. 4 LakhsSwift
Size, cylinder, speed could be different But aesthetics, ergonomics, comfort and experience cannot be
compromised
Purchase motivation in cars of Rs. 7 Lakhs Honda City and Rs. 4 Lakhs Swift
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Wrist Watch
QAverage life:1 – 2 years
AHigh aspiration
towards branded look-alike watches
CRs.150- Rs.300
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QAverage life ranges from 6 months –
1 year
AHigh aspiration
towards colourful & trendy footwear
CRs.75 - Rs.200
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QSame quality of products as
available in urban
markets
AHigh aspiration
towards owning a personal
transport
CRs.18,000 – 40,000
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QAverage life ranges from 1 – 2 years
AHigh aspiration
towards urban style and designs
CRs.75 - Rs.200
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