Preview

Report on Marketing Strategy of Rahimafrooz Bangladesh Limited

Satisfactory Essays
Open Document
Open Document
6949 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Report on Marketing Strategy of Rahimafrooz Bangladesh Limited
Report on Marketing Strategy of Rahimafrooz Bangladesh Limited
Rahimafrooz Bangladesh limited was established in 1950. As a trading company. Late A.C. Abdur Rahim was the proprietor in this time. From 1954 it was established as a limited company. In the new environment he had to start afresh. He had little capital. His main assets were self-confidence and a strong faith in the Almighty, which carried him through all the difficulties with a remarkable triumph. He finally established a small proprietary trading company named Rahimafrooz & Co, in Chittagong in 1950 which was later incorporated on 15th April 1954, which is now Rahimafrooz (Bangladesh) Ltd. Rahimafrooz expanded rapidly into various trading items. The major milestones in Rahimafrooz history can be summarized as below:
Incorporated in 1954 by Mr. A.C. Abdur Rahim
Distributorship of Lucas Battery in 1959
Exclusive distributorship of Dunlop tyre in 1978
Acquisition of Bangladesh operations of Lucas UK in 1980
First producer of industrial battery in 1985
Pioneering Solar Power in collaboration with BP in 1985
First ever battery export – to Singapore – in 1992
Launched Rahimafrooz Instant Power System in 1993
Acquisition of Yuasa Batteries (Bangladesh) Ltd. – in 1994
Attained ISO 9002 certification for RBL operations in 1997
First India office opened in Ahmedabad – in 2000
Awarded “Bangladesh Enterprise of the Year” in 2001
Attained ISO 14001:1996 for RBL operations
Launched “Agora” – the first ever retail chain in 2001
Launched Rahimafrooz Energy Service in 2002 – promoting distributed power.
Established Rahimafrooz CNG ltd. in 2003
Awarded “National Export Trophy” in 2003
Metronet Bangladesh, a fibre optic based digital solution provider for data communication,launched in joint venture with Flora Telecom – in 2004
Received McGraw-Hill Platt Global Energy Award for Renewable Energy in 2004
Received the “ Ashden Award” for Sustainable Energy in 2006
EPZ factory and RAL two

You May Also Find These Documents Helpful

  • Powerful Essays

    3. Lionel is asked to conduct an STP analysis for his firm. The first step he should perform in this analysis is to:…

    • 3389 Words
    • 14 Pages
    Powerful Essays
  • Good Essays

    5. A mission statement can help a manager decide which opportunities to pursue and which to screen out.…

    • 31492 Words
    • 126 Pages
    Good Essays
  • Good Essays

    Marketing Management Report

    • 5936 Words
    • 24 Pages

    Assignment: As Bruce Nashman, owner and director of Camp Wahanowin, do whatever analysis you deem necessary and develop a comprehensive marketing plan for Camp Wahanowin.…

    • 5936 Words
    • 24 Pages
    Good Essays
  • Powerful Essays

    Marketing: Chapter Summary

    • 1504 Words
    • 7 Pages

    * Resellers : distribution channel firms that help the company find customers or make sales for them. These include wholesalers and retailers who buy and resell merchandise.…

    • 1504 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    Services marketing- Marketing based on relationship and value. BBQfun will position as a broad assortment, quality, unique outdoor –lifestyle retailer. Brisbane customers appreciate high quality and uniqueness will recognise the value and unique offerings of BBQfun.…

    • 1405 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Grassmann Books is among a unique and growing group of triple bottom line companies who understand that profit is not the only way to measure business success. People also matter. And so does the planet on which we all live (www.betterworldbooks.com). The social impact is…

    • 1309 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Currently the inflation rate is stable at three percent or less per year, and the consumer price index is steady with approximately 1.5-2 percent change per year. A stable economy without significant inflation will likely maintain the strong spending power of the consumer. The consumer’s dollar will be stretched further allowing them to purchase more goods. Low inflation rates will also persuade the Federal Reserve Board to keep rates low allowing free economic growth as rates increase.…

    • 7732 Words
    • 31 Pages
    Good Essays
  • Satisfactory Essays

    When planning and preparing a marketing approach for Home Depot, the Team has place emphasis on the product and the targeting group. The Team decided on kitchen appliances with energy saving technologies. Kitchen appliances are important to the new home owners, renovating home owners or the home owner that wants to update his/her appliances. When thinking of appliances you think of pricing and brand names. The Team is marketing the energy saving appliances in both name brand and common brands at a reasonable price and to save money in the future.…

    • 393 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Ulaanbaatar carpet JSC was established in 1971. Located in Mongolia, a very famous name in carpet manufacturing as their products have rich colors and beauty and high durability ensured by their high quality wool, sheep and fine workmanship. In 1992, the company had transformed into a Joint Stock Company. The company has around 550 employees; The main goal for the corporate is profit maximization Annual turnover around 2.5millions dollars. The Ulaanbaatar carpet factory is 100% private, shareholder – based company that processes Mongolian sheep wool and offers high quality carpets in local and international market. The classical traditional and modern patterns, beautiful colors, various sizes, high density and best Mongolian sheep wool guaranteed.…

    • 708 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    History of Free Space Optics

    • 6130 Words
    • 25 Pages

    The increasing demand for high bandwidth in metro networks is relentless, and service providers pursuit of a range of applications, including metro…

    • 6130 Words
    • 25 Pages
    Powerful Essays
  • Powerful Essays

    Lost in the clouds|MONEY|:: The Kathmandu Post::. 2013. Lost in the clouds |MONEY|:: The Kathmandu Post::. [ONLINE] Available at:http://www.ekantipur.com/the-kathmandu-post/2011/08/05/money/lost-in-the-clouds/224868.html [Accessed 21 may 2013].…

    • 4939 Words
    • 20 Pages
    Powerful Essays
  • Powerful Essays

    This report was commissioned to analyze and evaluate performance and future prospects of Walton in a growing domestic electronic market.The research reveals that in a continuously growing market, Walton has become a reliable name for customers. Countrywide network, inclination towards quality and dedicated team of employees are the main causes of its success. Though it had started business with home appliances, yet it has always been committed to satisfying customer demand by introducing new products. Recent production and selling of motorcycle and air-conditioner testifies that position of Walton. Walton has a goal to double overall market share in the next 5 years. It has successfully positioned itself as a customer friendly and eco-friendly company. Its after sales service has contributed tremendously in building this image in customers’ minds. Since its target market is middle-income people, the price of their products is comparatively lower than those of competitors’. This strategy helps the company greatly in a price sensitive consumers market. In recent years Walton has increased promotional activities through organizing various national sports events. Further investigations have revealed that to achieve the role of market leader, it will face challenge from foreign brands. Moreover, rapidly growing demand from customers for electronic products may put pressure on Walton. It has adopted market penetration, product development and market development strategy for future growth. The report has found the prospects of Walton promising in its current position. Favorable government policy will help it expand domestic and international markets in the future.…

    • 1713 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Supply Chain of Agora

    • 911 Words
    • 4 Pages

    Rahimafrooz Superstores Ltd. (RSL) launched Agora the first ever retail chain in Bangladesh in 2001. Agora promises a valuable shopping experience that provides quality and fresh products at the right price. It aims to consistently provide a remarkably satisfying and valuable shopping experience through a business that improves the quality of life for customers and team members.…

    • 911 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Presently, Zalora Malaysia is the largest online fashion retailer in Malaysia that offers hundreds of local and international fashion brands ranging from the high-end local designers to mass-fashion labels. With many brands offered on the website, Zalora Malaysia is able to offer reasonable price for their products sold on the website to their customers as they focused more on local brands on their website. Other than that, Zalora.com.my provides attractive promotions where price of a product may be lower than the price in retail store and thus, gives great savings to customers.…

    • 1346 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    Research conducted by Cuthbertson & Bridson (2006) highlights the specific marketing strategies employed by retailers to increase customer loyalty. The research presents the internet as a potential medium of driving loyalty in the consumers. Fiorito & Laforge (1984) on the other hand have conducted a research on smaller retailers and what kind of marketing strategies they have employed to stay competitive in the retail industry. The two types of marketing strategies which are highlighted in the research as being commonly used by small retailers pertain to integrated marketing strategy and differential marketing.…

    • 342 Words
    • 2 Pages
    Good Essays