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Marketing Project
for MBA Students
Marketing
Basic Utility Vehicles (BUVs)
in Developing Countries
While
the world's 465 billionaires enjoy a higher income than half of humanity combined,
over 1.2 billion people live on less than one dollar per day. Short-term aid helps, but
trade
remains the great poverty killer. The
Institute for Affordable Transportation (IAT) believes ultra-affordable
vehicles are key "enablers" in creating sustainable economies. IAT
helps manufacturers open new markets for these unique vehicles. The vehicles
promote trade at a grass roots level by enabling micro-business growth.
One
of IAT's primary initiatives is to determine which rural markets are best
suited for Basic Utility Vehicles (BUVs). BUVs are simple, open-air vehicles
that emphasize maximum function at minimum price. The $900 vehicle (as a kit without duties and freight) weighs only
500
pounds but can carry five people at a maximum speed of 20 mph.
The small 10-hp engine is flexible since it can power other equipment
such as generators, water pumps, and cement mixers. The initial target market is Latin America where distance, time zones,
and language pose less obstacles..
As a cost-effective means of conducting market research and
product development, IAT will enlist the help of students. MBA students will
research price, target market, distribution, location, service, and logistics
issues. Professors can
incorporate IAT work requests as class assignments.. Students will learn while
solving real problems and supporting a good cause. Their work has "real-world" implications, effecting change to
reduce poverty.
Student
Assignment
As
a team of business/marketing consultants, you will pick five countries from
the list below and rank the countries below in the order that BUVs should be
introduced. Your team will
justify the country rankings in your report and develop a marketing plan for a
product-launch in the top ranked country.
The
team should prepare a two-year plan that covers customs/tax issues, logistics,
distribution channels, service plan, pricing, etc. Although the report format
is very open, roughly half of the report should justify the rankings, while
the other half of the report covers the marketing plan. Both qualitative and
quantitative methods are expected.
To
keep the project manageable, IAT has narrowed the list to the following Latin
countries:
| Nicaragua |
El Salvador |
| Peru |
Honduras |
| Dominican Republic |
Guatemala |
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Faculty can customize this project as
appropriate.
All
rights reserved.
Copyright
© 2001 Institute for Affordable Transportation.
Revised:
June 17, 2007
webmaster@drivebuv.org
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