Marketing strategies employed by Maniabandha handloom weavers and their impact on profitability

This article examines the marketing strategies employed by the Maniabandha Handloom Enterprise, formed from the merger of seven Self-Help Groups (SHGs) of weavers in Cuttack district. The study investigates the impact of these strategies on profitability, focusing on the 4Ps of marketing—Product, Price, Place, and Promotion. Before the merger, the SHGs struggled with limited product variety, inconsistent quality, arbitrary pricing, restricted market reach, and minimal promotional efforts. Post-merger, the unified enterprise has diversified its product offerings, implemented competitive and value-based pricing, expanded its market presence locally and internationally, and adopted comprehensive digital and traditional marketing strategies. By analyzing these shifts, the article highlights the significant improvements in sales, customer base expansion, and profit margins, demonstrating how strategic marketing transformations have driven the enterprise’s success and sustainability.

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Publication Details

Journal
International Journal of Agriculture Extension and Social Development
Published
2024-08-01
DOI
https://doi.org/10.33545/26180723.2024.v7.i8b.882
Primary Topic
Agricultural Economics and Practices
Type
article
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article

Marketing strategies employed by Maniabandha handloom weavers and their impact on profitability

Suvra Pattanaik, Phani Shekar Sistla, K. Supriya, P. Radhika
International Journal of Agriculture Extension and Social Development
Agricultural Economics and Practices
article

Marketing strategies employed by Maniabandha handloom weavers and their impact on profitability

Suvra Pattanaik, Phani Shekar Sistla, K. Supriya, P. Radhika
article en

Abstract

This article examines the marketing strategies employed by the Maniabandha Handloom Enterprise, formed from the merger of seven Self-Help Groups (SHGs) of weavers in Cuttack district. The study investigates the impact of these strategies on profitability, focusing on the 4Ps of marketing—Product, Price, Place, and Promotion. Before the merger, the SHGs struggled with limited product variety, inconsistent quality, arbitrary pricing, restricted market reach, and minimal promotional efforts. Post-merger, the unified enterprise has diversified its product offerings, implemented competitive and value-based pricing, expanded its market presence locally and internationally, and adopted comprehensive digital and traditional marketing strategies. By analyzing these shifts, the article highlights the significant improvements in sales, customer base expansion, and profit margins, demonstrating how strategic marketing transformations have driven the enterprise’s success and sustainability.

International Journal of Agriculture Extension and Social DevelopmentVol. 7(8)
Professor Jayashankar Telangana Agricultural University (IN), University College of Commerce & Business Management (IN)
Decent work and economic growth
Openalex Percentile: Top 78%
Agricultural Economics and Practices
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Marketing strategies employed by Maniabandha handloom weavers and their impact on profitability — Suvra Pattanaik, Phani Shekar Sistla, et al. · International Journal of Agriculture Extension and Social Development (2024) | TGRS Research Map | TGRS