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Mr./ Miss sipu verma so./do premprakash verma has completes seven weeks summer
training in VENKATESH HYUNDAI PVT.LTD. JAUNPUR UTTER PRADESH
under promise manager Avanesh Bhari As a sales executive of Hyundai Cars for
M.B.A. in marketing Branch W.E.F 10/06/2019 To 25/07/2019.
Date 30/07/2019
AVNEESH BHARTI.
(H-PROMISE MANAGER)
Venkatesh Hyundai
M/S Venkatesh Auto wheels India pvt.Ltd.
Visheswarpur (shahganj Road )
Pachhatiya jaunpur
Ph No. 05452-262620
E-mail : venkateshhyundai@autowheelsjaunpur.com
CERTIFICATE
This is certify that the summer Training project titled “ A study of customer relationship” is an
academic work done by “ Sipu verma” submitted in the partial fulfillment of the requirement for
the award of the Degree of “Master Of Business Administration “ From Prasad institute of
technology jaunpur under my guidance & direction to the best of my knowledge and belief the
data & information presented by him in the project has not been submitted earlier .
I appreciate that he has put in lot of efforts and delivered good results reach
I On behalf of institute, wish him success always.
External
ACKNOWLEDGMENT
I am indeed to our other faculty members, my friends my parents who gave their full
handed co-operation for successful completion of my project.
(………….)
Name of student
Sipu verma
Roll No. 1814470012
TABLE OF CONTENETS
ORIGIN OF CRM
Customer relationship managment was originated in early 1970 s. CRM come
as a process That detail with relationship with customer surpassing the whole
business.
The scope of the stud the customer relationship management levels words “Hyundai
Limited”. The study was conducted for a period of & weeks covering various places in
jaladhar. Primary data was collec5ted For customer secondary data was collected from
company manuals, magazines and website and so on. The study gathers information
about the customer relation maintaining in various full range of Hyundai vehicles from
EON(passenger car) to Santa few (SUV) level in regard to Quality of service ,safety
tips fuel saving tips , driving tips etc. Customer care service and other values added
service provide by the company. It is aimed at enlightening the company about
different step to be taken up to increase the share of Hyundai motor company limited
with regard other competitors and also to make the company to provide better customer
service .
CHAPTER – 2
COMPANY PROFILE
Introduction of the Automobile Industry:-
Automobile, Self –proper vehicle used primarily on public roads but adaptable to other
surfaces. Automobiles changed the world during the 20th century. Particularly in the
United States and other industrialized nations. From the growth of suburbs to the
development of elaborate road and highway systems, the so- called horseless carriage
has forever alters the modern landscape. The manufacture ,sales, and servicing if auto
mobile have become key element of industrial economies. But Along with greater
mobility and job creation, the auto mobile has brought noise and air pollution and auto
mobile accident rank among the leading causes of death and injury throughout the
world. But for better or worse, the 1900 can be called the age of the automobile and
cars will no doubt continue to shape our culture and economy well into the 21 st
century. Automobile are classified by size, style, no of doors, and intended use . The
typical automobile, also called A car, auto motorcar, and passengers car, has four
wheels and can carry up to 6 people, including a driver. Larger vehicles designed to
carry more passenger are called vans, , omnibuses, are buses Those used to carry cargo
are called pickups are trucks, depending on their designed are van. –style vehicles built
on a passengers car frame that can usually carry up to eight passengers. Sport.- utility
vehicles, also no as SUVs, are more rugged they passengers cars and designed for
driving in mud or snow-
In 2012 manufacturing plant more than 25 coteries produced 73.2 million passengers
cars the automobile is built around an origin various system supply the origin with fuel
cool it daring operation, lubricate its moving parts and remove exhaust gases it create-
the origin produces mechanical power that is transmitted to the automobile wheels
through adverting which includes a transmission . One or more dive shafts, a
differential gear and axles. Suspension system which includes sparing and shock
absorbers, customer the ride and help protect the vehicle from being demanding by
bumps heavy loads and other series. Wheel and tares supports vehicles on the road way
and when rotated by power axles propel the vehicle forward or backwards steering
speed. An electrical system starts and operated the engine monitor and control many
aspect of the vehicle operation and powers such components as head light and radios.
Safety features such as bumpers air budges seal bells help protect occupants in an
accident.
HISTORY OF THE AUTOMOBILE HISTORY
The history of the automobile actually began about 4100 years the wheel was used to
transportation in India. In the early 15th century Portuguese arrived in china and the
creation of a wheel by the 1600’s small steam powered engine models had developing
but it was another century before a full sized engine powered vehicle was created. IN
1769 French Army officer captain Nicolas josephs cogent built what has been called the
first automobile cugnotparel wheelers steam powered vehicle carried four 3.2 km/h and
had stop every 20 minutes to build bop a fresh head buff steams . A easily in 1801
successful but very heavy steam automo9bile type introduced in England laws barred
term from public road forced their owner to run them like train or designed by British
Engineer. Richard Trethvick journey more than 160km from corn wall to London.
Steam power caught the attention of other vehicle builders. In 1804American inventor
Oliver events and built a powered of car in 1828. British inventor a vaster Hancock
build a d of dream carriage in the mid 1830’s thus were used for the first omnibus
service in London by the mid 1800’s England had an extensive network of coach line.
Horde –drew stagecoach companies and the road companies pressured the British
parliament to approve heavy its bon steam – powered road vehicles. The tolls quickly
drove a steam cars were popular in the United States Most famous was the Stanley
steamer, built by American Twin brothers Freehand and Frances Stanley.
Objective of study
The main objective is to determine the current relationship management customer with
.
To know the grievance among the about products & service, if any .
The Hyundai motor company is a south Korean multinational auto maker headquartered
in Seoul Korea, The company was founded in 1967 and along with its 328% owned
subsidiary, kea motor, together comprise the Hyundai motor group, which is the
world’s fifth largest automaker based on annual vehicle sales in 2012 In 2008, Hyundai
motor (without kea) was ranked as the eighth largest automaker. As of 2010 the
Company sold over 3.6 million vehicle worldwide. Hyundai operated the world largest
integrated automobile manufacturing facility in Ulsan, South Korea, which has annual
production capacity of 1.6 milion units. The company employs about 75.000 people
worldwide Hyundai vehicles are sold in 193 countrie4s through some 6000 dealership
and showrooms
VISON:
MISSION
To create exceptional automotive value for our customer by harmoniously
blending safety, quality and efficiency. With diverse, Will responsible stewardship to
our community and environment while stability and security now and for future
generations.
Hyundai Motor India Limited
Type Subsidiary
Industry Automotive
Founds May 6,1996
Headquarter Chennai , Tamil , Nadu , India
Key people Mr. Y.K. Koo (CEO)
Product Automotive
Parent Hyundai Motor Company
Website www.hyundai.co.in
HYUNDAI’S BRAND SLOGAN:
A brand along embodies the essence of a brand its philosophy to its vision and identity
Hyundai brand slogan – “NEW THINKING POSSIBILTIES “ reflects the will of
Hyundai motor company to create new possibilities to benefits the worlds and its
people by encouraging and developing new thinking .All members of Hyundai have the
brand slogan deeply engraved in their hearts as they move forward in their efforts to
provide new values and experiences desired by today customer through innovative
ways are unique to the brand , driven by new thinking about customer and cars.
QUALITY POLICY
To priority to customer satisfaction
The company will provide only those meeting relevant customer
requirements & international standards and accordingly satisfy every
customer.
Continuous improvement
The company will make continuous only improvement through
unceasing R&D efforts & new technologies and accordingly
minimize the quality cost.
.
Quality mind
The company will encourage each employee’s quality and
accordingly accomplish the error – free quality
The purpose of customer relation is not only for retaining the customer but also
attracting new customer an increasing the sales and also crating and maintence of brand
awareness. it is a system for managing a company’s interaction with ; current and future
customer using technology to organize , automate and synchronize sales marketing ,
customer service , and technical support . Customer perception attitude and view
regarding the products and service along with the suggestions assume greater
importance in the light of new entries and potential competitors this study is an attempt
that direct facilitate the management marketing their future decision in promoting and
creating a good image in the society
Years
2016-2019
2011-2015
2006-2010
2001-2005
1996-2000
Enlarge
2018
Table Type
2018 November 13, 2018 Hyundai’s All New SANTRO received “Best of 2018” Award by Auto X
2018 October 31, 2018 Hyundai Tops in J D Power 2018 India Customer Service Index (Mass market) Stu
2018 October 23, 2018 Hyundai Announces World Premiere of 'The All New SANTRO'.
2018 October 9, 2018 Hyundai Unveils India’s Favorite Family Car ‘The All New SANTRO’
2018s September 14, 2018 Hyundai Introduces Next Gen VERNA Anniversary Edition
2018 August 16, 2018 Hyundai Unveils First Design Renders of India’s Most Awaited Contemporary Fam
2018 July 16, 2018 Hyundai Brilliant Moments – Emotional Recalling Digital Campaign Records Mo
2018 June 27, 2018 Hyundai Celebrates 20 Years Journey with ‘Brilliant Moments
Table Type
2018 June 11, 2018 Hyundai Motor India Rolls out Fastest 8 Millionth Car in 19 Years 6 Months
2018 May 25, 2018 Hyundai introduces 1.2 L Petrol Engine with CVT in The New 2018 ELITE i20
2018 May 21, 2018 Hyundai Launches Most Preferred Perfect SUV - 'The New 2018 CRETA'
2018 February 16, 2018 Hyundai’s Next Gen VERNA received “Car of the Year” & “Sedan of the Year” A
2018 February 13, 2018 Hyundai’s Next Gen VERNA received “Car of the Year” Award by Motorbeam
2018 February 7, 2018 Hyundai’s New 2018 ELITE i20 received “Best Global Debut” award by C&B Au
2018 February 7, 2018 Hyundai’s Next Gen VERNA received “Premium Sedan of the Year 2018” award
2018 February 7, 2018 Hyundai Launches ‘Swatch Can’ Supporting Swatch Bharat Abhiyan
2018 February 7, 2018 Hyundai Announces Blockbuster Launch of ‘The New 2018 ELITE i20’.
2018 February 6, 2018 Hyundai’s Next Gen VERNA received “Sedan of the Year 2018” award by Motor
Table Type
2018 February 6, 2018 Hyundai’s Next Gen VERNA received “Car of the Year 2018” award by Motoring
2018 February 1, 2018 Hyundai’s Next Gen VERNA received “Tetchy sedan of the Year” Award by T3 I
1.
.
STRENGTH OPPORTUNITIES
Good reputation and trust among the
Market by experts
customer and dealers
International affiliation
WEAKNESS THREAT
HMIL’s first car, the Hyundai Santo was launched on 23 September 1998 and was a
runway success. Within a few months of its inception HMIL become the second largest
automobile export in India
We can now see the importance of just finding customer, but of keeping and growing
them as well. Relationship marketing is oriented toward long term. Today’s smart
companies not only want to create customer, they want to “own “them for life.
The CRM codifies the interactions between you and your customers, So that you can
maximize sales and profits using analytics, to give the users as much information on
where to focus your marketing, customer service to maximize revenue, and decrease
idle and unproductive contact with your customers. The CRM software is installed in
the contact Centers, and help direct customers to the right agent or self-empowered
knowledge. CRMsoftware can also be used to identify and reward loyal customers over
a period of time.
CRM in B2B market -:
The modern environment requires one business to interact with another via the web.
According
to a Sweeney Group definition, CRM is “all the tools, technologies and procedures to
manage,
improve, or facilitate sales, support and related interactions with customers, prospects,
and
business partners throughout the enterprise”. It assumes that CRM is involved in every
B2BtransactionDespite the general notion that CRM systems were created for the
customer-centric businesses, they can also be applied to B2B environments to
streamline and improve customer management conditions. B2Cand B2B CRM systems
are not created equally and different CRM software applies to B2B and B2C
conditions. B2B relationships usually have longer maturity times thanB2C
relationships. For the best level of CRM operation in a B2B environment, the software
must be personalized and delivered at individual levels
FOUR C’S OF CUSTOMER RELATIONSHIP MANAGEMENT
Correlate:
A series of transaction and interaction that make up a dialogue between
customer\channel\end-user and organization.
Combine:
The mapping and management interaction points between a customer\channel\end user
and organization.
Cognize:
The insight gained through capture and analysis of detailed information it to
create continuous learning from the data ware house and knowledge base that
is created, integrated and analyzed.
Connect:
The application of insight to create relevant interaction or communication with
consumers, customers, channels, suppliers and partners that build value relationship
SWOT ANALYSIS OF THE HYUNDAI CAR
SWOT analysis of the Sanjay Hyundai Company identifies and analyses the main
internal and external factors that will influence the future direction and success of the
organization and its business. It comprises of strengths and weaknesses which are the
“Internal factors”
And opportunities and threats which are the
“External factors”
That affects the organization. Such analysis helps managers in strategic planning
Defining Customer Life Cycle Stages of CRM
1. Reach
This is the initial stage of the customer life cycle. The primary goal at this phase is to
bring awareness to your brand and to entice the consumer to want to learn more about
your goods or services. Ultimately, you want to generate high-quality leads.
You should have a clearly defined brand messaging strategy and use a variety of
marketing techniques, such as social media marketing, banner advertising and content
marketing. It is crucial to analyze the effectiveness of each marketing strategy during
this stage. This analysis will enable you to adjust your marketing strategies if necessary.
2. Acquisition
At this stage, you are able to obtain prospective customer's contact information, such as
email addresses, phone numbers or social media profiles. This signifies that the
consumer is interested in your goods or services but not quite ready to take the leap and
make a sale. This is one of the most critical points in the customer life cycle.
You can now start to foster relationships with the customers through strategic
engagement. Since you now have their contact information; you can focus on targeted
and personalized marketing strategies. Email marketing, sales calls, social media
marketing and content marketing all work well at this stage of the life cycle. Don't
solely focus on making a sale. Instead, focus on building trust and fostering
relationships.
3. Conversion
This is the phase when you convert a prospective customer into an actual paying
customer. You have been able to convince the consumer that they need your goods or
services to the point that they make a sale. The most important thing to focus on at this
stage is to make sure your customer has a pleasant buyer's experience.
4. Retention
Don't make the mistake of thinking that the customer life cycle stops once the sale is
made. The truth is that you are only halfway to your ultimate goal. It is now time to
continue building on the customer relationships developed during the acquisition stage.
Regular engagement with the consumer will help to keep your brand fresh in their mind
and to encourage repeat purchases. Sales techniques like cross selling, up selling and
loyalty programs are very effective at retaining customers.
5. Advocacy
Creating advocates for your company should always be your ultimate goal. These are
loyal customers who not only make regular purchases but also are willing to promote
your goods or services to others. They will refer their friends and family members to
your business and post positive reviews online. This type of customer loyalty doesn't
happen overnight. You have to develop strong relationships throughout the entire
customer life cycle
Defining the five main stages of the customer life cycle will allow you to create an
effective CRM strategy that attracts, converts and retains customers, as well as
transitions them into advocates for your business. Whether you are focusing on
marketing strategies, customer engagements or sales figures, understanding these five
life cycle stages will help you boost sales while fostering customer relationships.
The Three Phases of CRM
1. Customer Acquisition
Acquiring customers has always been the first important step in establishing business
relationships. With CRM, advanced software databases are used to capture key
customer data at the point of first contact. Profile data includes a prospect's name,
address, phone number, email address and sometimes social media accounts. Entering
this data into a computer enables future and ongoing communication access.
The other major benefit of starting a formal relationship with new prospects and
clients is the ability to track their behaviors through data analysis. As many databases
enable analytics, the automated analysis of data through programmed tools.
Salespeople can identify at any point in time, for instance, what percentage of
customers are at each stage of the opportunity pipeline, or sales process. This
knowledge allows for optimized targeting to avoid bottlenecks and to facilitate
relationship-building activities.
2. Customer Retention
The customer extension phase of CRM includes activities intended to draw out the
length of typical customer relationships, enabling greater revenue. A simple
perspective is that satisfying a customer during one buying experience increases the
likelihood of a follow-up visit. Over time, delivering quality solutions, following
through on commitments and addressing problems convert a buyer into a loyal
customer. You also can enhance revenue through add-on product selling and cross-
selling, which involves recommending unrelated solutions. Because of the high costs
of customer acquisition, extending relationships with customers already captured is
hugely valuable for a business.
A CRM plan
At the outset especially, best-practice companies develop their CRM plans in terms of
strategic capabilities rather than strategies per se. This helps to ensure that the company
can adjust to a wide variety of marketplace and industry changes without affecting the
main thrust of the plan. For example, we recently reviewed the plan of an organization
considering what to do with CRM in the wake of the events of September 11. Prior to
our involvement, it was debating the merits of various programs while the key strategic
capability it needed – in this case, developing an ability to listen and respond to
customers in a timely manner – was not identified nor discussed.
Increasingly, best-practice companies base their CRM capability plans not just on
technology but also on developing and focusing organizational capabilities in other
areas such as CRM processes, people and knowledge/insight. Indeed, we have found
that best-practice companies do not first adopt a CRM technology solution and then
build their CRM initiatives around it. Rather, they develop a more balanced approach to
conceiving and implementing CRM strategic capabilities as described in Diagram 1.
There are four main CRM strategic capabilities:
Technology: the technology that supports CRM.People: the skills, abilities and
attitudes of the people who manage CRM.
Process: the processes companies use to access and interact with their customers
in the pursuit of new value and mutual satisfaction.
Knowledge and insight: the approaches the company uses to add value to
customer data so that they acquire the knowledge and insight needed to deepen
the relationships that matter.
For most companies, today’s CRM strategies reflect a material shift in historical
marketing and strategy. And, because organizational structure follows business
strategy, CRM impacts organizational design. Two areas have a particular impact on
the structure of companies:
the amount and nature of customer data and the processes by which value is
added to the data.
how companies compete, especially for those firms that use CRM to compete on
scope.
Most companies obviously see solid financial data as important for
management, leadership and control. They have a financial department and a
Chief Financial Officer (CFO) with custodial responsibility for these financial
data, including security and management, and the processes by which value is
added. Increasingly, companies are coming to believe that customer data are as
important as financial data. Some best-practice firms are establishing custodial
responsibility for customer data and value-added processes in the same way that
they secure and manage financial data. This responsibility includes managing
the customer data warehouse and the approaches that add value to customer
data. It can also include mechanisms for providing services from a centralized
department to the lines of business in decentralized companies.
Companies competing on scope change their structure frequently as they begin to sell
what customers want rather than what the firm has made. This leads some companies to
distribute the complementary products or services of others, including customers and
competitors,
sometimes sell their own products and services through others. This can be a marked
departure in strategy for those companies that built their businesses through economies
of scale. Associated with these changes are new roles and responsibilities for an
expanded array of stakeholders and how they interact in the value chain. The challenge
for organizational design is to accommodate these changes without disrupting the
firm’s existing business.
Because the company competing on scope often has fewer but more important
stakeholders, CRM companies are beginning to organize around their stakeholders to
create the value each wants. For example, professional services firms have client-
service teams for their most important clients with representatives of both the firm and
the client on the teams. In another example, a major logistics company has established
customer teams that bring together the various processes by which the company
interacts with its priority customers. Members of the customer teams are drawn from
many areas within the firm, such as marketing, sales, advertising, research, operations
and finance, as well as their counterparts from the customer. In this case, the
management of the customer team falls to sales, which manages all the processes by
which customer value is created – an obviously very different role than the historical
role of the sales department.
In a report for Forrester, analyst William Band surveyed approximately 150 different
companies in an effort to identify problems with their CRM initiatives.
He discovered that 18% of his respondents reported issues directly relating to
inadequate strategies. Without an effective CRM strategy, businesses run the risk of
missing the mark on delivering superior customer value. Here are some tips to help
your business develop a winning CRM strategy.
Set a destination.
More than anything else, your CRM should help your company achieve its goals. As
such, your first step in implementing a CRM strategy is to identify those goals. Once
you know what you are trying to accomplish, your next step is to determine how you
plan on reaching your objectives. Break your goals down into smaller, achievable
objectives, and then map out how and when you plan to complete these steps. This map
should be flexible, allowing for revision along the way.
The CRM framework makes it possible for businesses to capture data at every stage of
the customer journey. Despite this, many businesses fail to put their CRM to work until
after the first few steps have been made. Instead, prepare for initial contact with your
lead by using your CRM to catalogue what kind of information your prospective
customer shares across social media channels. This will give you an edge in
understanding what your customer wants, how they expect you to deliver on those
wants, and what they are likely to want in the future.
Every business has its own unique challenges, and no CRM strategy — no matter how
in-depth — will be able to accurately account for every possible contingency. Accept
this fact, and be willing to reevaluate your approach should it become apparent that
something isn’t working as well as it could be. Remember: Knowing what is ineffective
can often be nearly as valuable as knowing what is effective, so be grateful for every
chance you have to identify weaknesses in your system.
Sync everything to your CRM.
Every business has its own unique challenges, and no CRM strategy — no matter how
in-depth — will be able to accurately account for every possible contingency. Accept
this fact, and be willing to reevaluate your approach should it become apparent that
something isn’t working as well as it could be. Remember: Knowing what is ineffective
can often be nearly as valuable as knowing what is effective, so be grateful for every
chance you have to identify weaknesses in your system.
When all is said and done, CRM is nothing more than a highly-advanced tool. By itself,
it is incapable of helping your business reach its goals. But when combined with a
detailed-yet-flexible business strategy, CRM can help you place your customer in the
forefront of your business focus. It may take time, effort, and a few trips back to the
drawing board, but if you make it a point to develop the right strategy, you’ll find that
CRM has the potential to perfect your relationships with those who keep you in
business.
.
UNDERSTAND AND DIFFERENTIATE
We cannot have a relationship with customers unless we understand them what they
value, what types of service are important to them, how and when they like to interact,
and what they want to buy. True understanding is based on a combination of detailed
analysis and interaction. Several activities are important:
Analysis and research alone, however, are insufficient. To create and foster a
relationship, we have to act on what we learn about customers. Customers need to see
that we are differentiating our service and communications based both on what we've
learned independently and on what they've told us. At the same time, differentiation
should be based on the value customers are expected to deliver.
DEVELOP AND CUSTOMIZE:-
Developing products and services, and even new channels, based on customer needs an
d serviceexpectations.Most organizations today are not able to cost-effectively
customize products for individual customers. However, products, services, channels
and media can be customized based on the needs of quantitative customer segments.
The extent of customization should be based on the potential value delivered by the
customer segment
All areas of the organization have easy access to relevant, actionable customer
information.
All areas are trained how to use customer information to tailor interactions based on
both customer needs and potential customer value.
Remember that customer change as they move through differing life stage be alert for
change and prepared to modify the service and value proposition as they change .
And so the cycle continues. As you move from one stage to the next, you gain insight
and understanding that enhance your subsequent effort. Your development
Initiative simultaneously become increasingly sophisticated as does your
implementation of CRM process
Review of customer management relationship
The aims of customer relationship management is the total f the discounted life time
values of all of the firm customer clearly , the more loyal the higher the customer the
higher the customer equity rust zenithal and lemon distinguish three drives of customer
equity value equity brand And relationship equity .
CRM process
CRM helps usres focus on their organization relationship with individual people
including customer , service uses , colleagues or suppliers
When people talk about CRM, they might mean any of three things:
CRM as Technology: This is a technology product, often in the cloud, that teams use to
record, report and analyze interactions between the company and users. This is also
called a CRM system or solution.
CRM as a Process: Think of this as a system a business adopts to nurture and manage
those relationships.
CRM software records customer contact information such as email, telephone, website
social media profile, and more. It can also automatically pull in other information, such
as recent news about the company's activity, and it can store details such as a client's
personal preferences on communications.
The CRM system organizes this information to give you a complete record of
individuals and companies, so you can better understand your relationship over time.
1. Operational CRM
Operational CRM streamlines the business process that includes Sales automation,
Marketing automation and Service automation. Main purpose of this type of CRM is to
generate leads, convert them into contacts, capture all required details and provide
service throughout customer lifecycle.
Sales Automation:
Sales automation helps an organization to automate sales process. Main purpose of
sales automation is to set standard within organization to acquire new customers and
deal with existing customers. It organizes information in such a way that the business
can meet customers’ needs and increase sales more efficiently and effectively. It
includes various CRM sales modules like lead management, contact management,
Quote-to-Order management, sales forecasting.
Marketing Automation:
Main purpose of marketing automation is to find out the best way to offer products and
approach potential customers. Major module in marketing automation is campaign
management. It enables business to decide effective channel/s (like emails, phone calls,
face to face meeting, ads on social media) to reach up to potentials customers.
Service Automation:
Service automation enables business to retain customers by providing best quality of
service and building strong relationship. It includes issue management to fix customers’
problems, customer call management to handle incoming/outgoing calls, service label
management to monitor quality of service based on key performance indicators.
2. Analytical CRM
Analytical CRM helps top management, marketing, sales and support personnel to
determine the better way to serve customers. Data analysis is the main function of this
type of CRM application. It analyzes customer data, coming from various touch points,
to get better insights about current status of an organization. It helps top management to
take better decision, marketing executives to understand the campaign effectiveness,
sales executives to increase sales and support personnel to improve quality of support
and build strong customer relationship.
3. Collaborative CRM
The need for customer relationship management grew out of changes to the buyer-seller
model. This shift away from transactional sales and marketing behaviors, and toward a
customer-centered model started in the 1970s. Relationship marketers refined the model
in the 80s, and in the 90s, technology accelerated changes even further. In the 2000s,
the complexities of the internet, advances in social media technology, and empowered
customer behavior changed the model forever. The result was a shift in perspective
regarding how to address customers as the primary business asset. Customer
relationship management strategy needed to achieve the following:
1. Govern how to satisfy customers beyond developing good products and services
2. Help retain existing customers to maximize efficiencies and reduce the cost of
acquisition
3. Ensure customer satisfaction and a memorable brand experience
4. Improve the overall relationship between the business entity and specific
audiences
CHAPTER – 4
RESEARCH METHODOLOGY
RESEARCH METHADOLOGY
RESEARCH DESIGN
A research design is the arrangement of condition for the collection and analyses of
data in a manner that aims to combine relevance to the research to the research purpose
with economy in procedure. The research design is the conceptual structure within
which research is conducted; it constitutes the blueprint for the collection, measurement
and analyses of data.
Exploratory research
Descriptive research
It is more rigid than exploratory research and seeks to describe users of a
product, determine the proportion of the population that uses a product, or
predict future demand for a product. As opposed to exploratory research,
descriptive research should define question, people surveyed, and the method
of analysis prior to beginning data collections
Casual research
It seeks to find cause and affect relationships between variables. It accomplishes this
goal through laboratory and field experiments.
In this project Descriptive Research & exploratory research is used which is based
on Secondary data & primary data.
Sources of Data:-
Mainly there are two sources of data. They are the following:
1) PRIMARY DATA: -
In primary data collection, you collect the data yourself using methods such as
interviews and questionnaires. The key point here is that the data you collect is unique
to you and your research and, until you publish, no one else has access to it. There are
many methods of collecting primary data and the main methods include:
questionnaires
interviews
observation
case-studies
2) SECONDARY DATA:
Secondary data is the data that have been already collected by and readily available
from other sources. Such data are cheaper and more quickly obtainable than the
primary data and also may be available when primary data cannot be obtained at all.
These are collected through different ways i.e. Internet, Newspaper etc.
Internet
Books
Newspaper
Sales report
internet
The Internet, sometimes called simply "the Net," is a worldwide system of computer
networks - a network of networks in which users at any one computer can, if they have
permission, get information from any other computer.
The source of data used in this project was the primary source as well as secondary
source of data. As the objective of the research project is to understand what good
quality work life means to employees and how it affects the companies.
SAMPLING TECHNIQUE
The sampling technique that adapted to conduct the survey was ‘Random Sampling’
and the
Area of the research was concentrated in the city of Pane. The survey was conducted by
interacting with Hyundai owners at Hyundai service centers.
Sample units:
The sampling units for the study include the owner of the Hyundai cars.
Sample size:
The sample or the size included for conducting the study is 50 customers of Hyundai
Areas Pun
Source of information Primary and second data
Data collected method Structured Questionnaire ‘s
Type of question used Multiple choice
Target Owner of Hyundai vehicles
Sample Method Random sampling
Sample size 65 cars users which 50 Hyundai car owner
CHAPTER – 5
DATA ANALYSIS:
Question -1 Do you own a Hyundai car .?
Table 1: Following table showing the number of people who possessed a car.
Yes 40 80
No 10 20
Total 50 100
Chart 1: Following chart showing the number of people who possessed car.
No
20%
Yes
80%
Analysis:
Out of the 20% respondents 80 % of them possessed a car.
Interpretation: majority of the respondent i.e. of them were the owner of the car
.
Question – 2 How did you come to know about Hyundai ultimate Automobile Ltd
Pvt .
Table 2 . Following table showing the sources of awareness:
Newspaper 8 20
Magazine 6 15
Friends 16 40
Social media 2 5
Other 8 20
Total 40 100
sourse of awareness
Other
25% Other
20%
Magazine
15%
Newspaper
20%
Very satisfied 26 65
Satisfied 8 20
Neutral 4 10
Not satisfied 2 65
Total 40 100
Satisfied
20%
Very satisfied
65%
Table 4: chart showing the time taken by receptionist in answering a customer call.
Very quick 6 15
Quick 8 20
Reasonable 22 55
Delayed 4 10
Total 40 100
Chart .4 charts showing the time taken by receptionist in attending a customer call.
Reasonable
55%
Table 5. Table showing the staff responsiveness when the customer enter
the company
Spontaneous 30 75
Lethargic 10 25
Total 40 100
Chart 5. Chart showing the company staff responsiveness when customer enter the
company
staff Responsiveness
25%
75%
Convincing 8 20
Satisfactory 20 50
Not Satisfactory 12 30
Total 40 100
20%
30%
50%
Interpretation : Majority of the respondent i.e. 50% found the sales executive don’t
explain the entire feature unless asked by the customer.
Question. 7. What do you feel about procedure involving the delivery of the vehicle ?
Quick 20 50
On Time 14 35
Delayed 6 15
Total 40 100
15%
Quick
50%
On Time
Delayed
35%
Interpretation:-
Time taken to provide the service required by the customer I considered as by the
respondent i.e. 50%.
Question .8 Are all the launched colors of the car available on the outlet ?
Adequate 22 55
Inadequate 18 45
Total 40 100
Chart .8. Following chart showing the availability of color of cars at outlet :
45%
55%
Table 9: Table showing the opinion of the customer about the process involved in
providing financial facilities :
Very simple 00 00
Simple 2 5
Modurate 14 35
Complex 20 35
Very complex 4 50
Total 40 100
0%
10% 5%
Table 10. Following table showing any inconvenience felt by the customer after
leaving their car for service:
Never 28 70
Sometimes 12 30
Always 00 00
Total 40 100
Chart 10. Following chart showing any in convenience felt by the customer after
leaving their car for service
30%
Never
Sometimes
70%
Always
5. 5.. Majority of the customer felt spontaneous responsiveness of the staff of the
company whenever they enter in the company .
6. ,Majority of the respondent were satisfied with the performance of the sales
executive of the company .
7. There is somewhere neutral response about the availability all of the colors of
the car at the outlet as per the respondents .
8. The procedure of the delivery of the vehicle to the customer is quick and
sometimes it is on specified time.
9. Majority of the customer felt that company process of providing financial
facility is complex, which is negative thing of the customer .
10. Majority of the customer never felt any kinds of inconvenience after leaving
their car with company for service .
CHAPTER 7
CONCLUSION
CONCLUSSION
On the basis of simple random sampling the total sample size attended was 65 customer
in Which 50 respondent were who owned Hyundai vehicles The data analysis was done
with Help of techniques such as questioner and different survey method. The
proceeding of this Study was done by a survey, which is an approprovide tool the
maintain the level of Customer relationship .A structured questionnaire was develop in
the process the tools help In analyzing information or result which projected certain
finding and Recommendation From the research, serial issue are found which needs to
b emphasized For Hyundai was greater success marketing strategy adapted by the
organization in attracting Huge customer what have been noticed after interviewing
around customer the almost 75% of customer was happy and satisfied by the work of
Hyundai. this show that the Showroom and all the service departments are most popular
among the customer and they Are doing the great job based on the finding of the study
it is suggested that Hyundai should Do frequent market research on the basis of
structured questionnaire to existing market situation and carry out the corrective
measure or improve a needed for sales promotion Hyundai company should frequently
improve in this complains handling system of customer To give more positive feedback
aboutthe product and service the management must be able To collect and document
complaint and use that information to identify dissatisfull customer Finally lack of
stable government no clear government rules and regulation heavy custom duties and
taxes imposed on vehicle import . acute / heightened competition in the sector Are
some of the areas where the governments focus to improve and make the business More
lucrative.
RECOMMENDATIONS:-
RECOMMENDATIONS:-
An attend has been made to suggest to the CRM department of the showroom few
measure These recommendations have been made within the preview data available
1. The staff should be trend one regular basis such that customer find them very
co-operative
2. The time taken in attending the customer calls need to be minimum effective
and less time consumptions are the important factor .which determine customer
relationship management
3. The sales executive should be trend to convince the potential buyer because the
performance on the job has great impact on CRM
4. The process involved in providing financial facilities need to be simple as
much of the responded state it to be complex and time consume
5. After sales service more customize, tool free facility should be introduce which
help the customer to define their problem, If possible mobile unit can be
maintained to that customer need not have to bring car to the showroom in case
of any problem,
6. These days most of the people which to have some graphics over their car,
these may be mix of color shades, some additional components etc, showroom
may right to try to provide these kinds of customized solution not recurring the
customer to go at some other place.
7. Most people buy car which to have to fancy they spend considerable amount to
gate these fancy number showroom may work in these accept and gate into
agreements with the registration office to provide
8. More EMI seamed can be introduce customer find to be more convenient in
paying a EMI .
9. A call to the customer as per the schedule of service to no the working of car so
that prompt service can be provide in case of need
10. Extra of the customer referring to his friends and relative
11. Maintaining the high level of customer convincing
12. Introduce the online booking fatalities for customer to service their cars.
CHAPTER – 8
LIMITATION OF STUDY
Limitation of study
3. As no work has been done earlier in this regard so scarcity of secondary data is also
there.
Suggestion
Aggressive Ad campaign :
Hyundai should put a few hoarding in difference areas in Bokaro and also advertise
effectively in local cable channel.
Hyundai should educate the customer about the maintained of the vehicle.
Attractive scheme :
Give few attractive scheme all the time of after sales service Like giving quick service
charging them reasonable .
Asking the customer to come regularly for servicing even after the warranty period .
Bibliography :
BIBILOGRAPHY
1. Indian management
2. Principle of marketing
3. Marketing management
Philip Kotler
4. Marketing research
G.C Beri
- William G. zikmund
- Raymond mc. Leod. JR.
- Faye w. Gilbert
6. TATA Mc. Graw Hill, Marketing Management
- Rajan Saxena
- Jagdish sheth
- Atulparvatiya
Web sites –
www.Hyundai.com
www.worldwide.hyundai.com
Appendices
1. Do you own a car ? Yes/No
(i) Excellent
(ii) Very good
(iii) Responsive
(iv) Non – co-operative
(v) Highly non –co-operative
4. How do you feel the staff responsiveness when you enter the showroom?
5. What do you feel about the time taken by the receptionist of this service
center intending your cal?
(i) Very quick (iii) very much delay
(ii) Quick (iv) Delay
6. How do you find the process involved in providing the financial facilities by
showroom?
(i) Very simple
(ii) Simple
(iii) Moderate
(iv) Complex
(v) Very complex
7.How do you find the availability of choice of car colors in tnis showroom?
(i) Excellent
(ii) Good
(iii) satisfactory
(i) Yes
(ii) No