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PROJECT REPORT
ON
SUBMITTED
TO
(INTERNATIONAL BUSINESS)
BY
B.B.A-IB SEMESTER-VI
ROLL NO – 5125
PUNE 411004
YEAR 2018-2019
1
CERTIFICATE
2
DECLARATION
Date:
3
ACKNOWLEDGEMENT
I would like to express my sincere thanks to the SavitribaiPhule Pune University
and MarathwadaMitraMandal’s college of Commerce for giving me the
opportunity to prepare and present this report.
“There is a good saying that the work is successfully completed if the person is
guided properly at the right time by the right person”, with that the good
opportunities that we receive as well as the efficient supervision and the most
valuable the internal guidance.
Hereby I would like to express my deep gratitude to our ‘Prof. Dr. SHRISHTI
GANGALAY’, who in her busy schedule provided us with full support and
encouragement, her whole hearted co-operation throughout the progress and the
completion of the project and would also like to thank my friends for their
encouragement and direct or indirect support in completion of the project.
Last but not the least I would like to thank our principle for the exposure and
support provided during the project.
T.Y.B.B.A (IB)
4
INDEX
CHAPTER. NO. TOPIC PAGE
NO.
CHAPTER 1 INTRODUCTION 6-9
1.1 Overview Of The Topic 7
1.2 Objectives Of The Study 8
1.3 Scope Of The Study 8
1.4 Sample Design 8
1.5 Limitation Of The Study 9
BIBLIOGRAPHY 38
ANNEXURE 39-42
5
CHAPTER 1
INTRODUCTION
6
TITILE: A CONSUMER SURVEY OF SERVICE PROVIDED BY L-MART
IN KAWATHA
7
1.2 OBJECTIVES OF THE STUDY
To understand the marketing strategy of L-Mart.
To analyze how well the company’s marketing strategies attract customers.
To understand the expectations and requirements of customers.
To understand how L-Mart convert consumers into customers. (edited)
8
1.6 LIMITATION OF THE STUDY
9
CHAPTER 2
COMPANY OVERVIEW
10
2.1 Overview
Name L-MART
Owners LalitKochar
Employees 30
Contact 9765058433
E-Mail Kocharlaukik@gmail.com
11
2.2 PRODUCTS BRANDS
12
CHAPTER 3
REVIEW OF LITERATURE
13
3.1 Meaning1
14
Maintaining meaningful differentiation, in turn, is facilitated by ongoing
development of creative marketing programs. Although marketplace
observation reveals a general lack of creativity in the way established products
are marketed.
According to Theodore Levitt, The Marketing Imagination
Marketing seems to be reduced to a price war in one form or another, and the
low price brands are winning.
According to Daniel Adams
Although new products have been called lifeblood of a firm, the bulk of most
firms’ earnings come from well-established products with proper marketing
strategy.
According to the American Marketing Association (AMA)
Marketing strategy is the activity, set of institutions, and processes for creating,
communicating, delivering, and exchanging offerings that have value for
customers, clients, partners, and society at large.
According to Dr. Philip Kotler
Marketing strategy as “the science and art of exploring, creating, and delivering
value to satisfy the needs of a target market at a profit. Marketing identifies
unfulfilled needs and desires.
According to Jay Baer President, Convince & Convert. Author with
Amber Naslund of the Now Revolution
Marketing strategy is the messages and/or actions that cause messages and/or
actions. –Marketing includes research, targeting, communications (advertising
and direct mail) and often public relations.
15
According to Renee Blodgett – Chief Executive Officer/Founder,Magic Sauce
Media
Marketing strategy is an ongoing communications exchange with customers in a
way that educates, informs and builds a relationship over time. The over time
part is important because only over time can trust be created. With trust, a
community builds organically around products and services and those
customers become as excited about the products as you are — they become
advocates, loyal evangelists, repeat customers and often, friends. Marketing is a
really great way to identify what grabs people and gets them excited about your
brand and give it to them, involve them in the process, and yeah, the best part,
build great friendships in the process
According to Mark Burgess –Managing Partner, Blue Focus Marketing
Marketing strategy is the process by which a firm profitably translates customer
needs into revenue.
According to Marjorie Clayman – Director of Client Development, Clayman
Advertising, Inc.
Marketing strategy is building your brand, convincing people that your brand
(meaning your product/service/company) is the best and protecting the
relationships you build with your customers.
According to Saul Colt – Head of Magic, Fresh Books
Marketing strategy is creating irresistible experiences that connect with people
personally and create the desir to share with others.
According to Steve Dawson–President, Walkers Shortbread Inc.
Marketingstrategy is products that don’t come back and consumers that
do.
16
According to Sam Decker – Co-founder and Chief Executive Officer, Mass
Relevance
Marketing strategy is making connections between customers with your
products, brand(s) and business, such that they are likely to buy from you. Or as
Regis McKenna said, “Marketing is everything.”
According to . Shennandoah Diaz – President and Master of Mayhem, Brass
Knuckles Media
Marketing strategy has little to do with the service provider and everything to
do with the customer. Marketing educates and engages the customer, satisfying
their needs while simultaneously positioning the service provider as a trusted
advisor and source. Good marketing is a two way street. Great marketing
understands what the customer wants and gives it to them
According to Steve Dickstein – Chief Executive Officer, Hugo Naturals
Marketingstrategy is delighting a consumer, customer and/or user to achieve a
profit or other pre-established goal.
According to Antoine Didienne
Marketing strategy is essentially involved in outward communication, in
promoting the corporate goals of the company it is serving. It is the process
through which companies accelerate returns by aligning all communication
objectives (advertising, marketing, sales, etc), into one department to more
efficiently achieve the overall corporate goals.
According to GiniDietrich – Chief Executive Officer, Arment Dietrich, Inc.
Marketing strategy is branding, naming, pricing, and the bridge between paid
and earned media. It is NOT sales.
According to Sam Fiorella –Web/Social Media Strategist, The Social
Roadmap
Marketing strategy is the business’ play-maker. As with successful hockey
franchises, the most valuable player is not always the player who scores the
most goals but the player who creates the play that allows others to score (think
17
Gretzky, Crosby or Orr). A great marketing team assesses the brand’s playing
field, quickly captures their competitor’s position, strengths and weaknesses,
maps it against their team’s position, strengths and weaknesses and puts the
puck on the stick of the salesperson with the greatest opportunity to score.”
According to Paul Flanigan – Consultant, Experiate.net
Marketing strategy is the act of developing an engaging relationship with every
single human being that shows an interest in you.
According to Dr. Augustine Fou, Founder, Marketing Science Consulting
Group, Inc.
Marketing strategy is the process of exposing target customers to a product
through appropriate tactics and channels, gauging their reaction and feedback,
and ultimately facilitating their path to purchase.
According to Chris Garrett – Chrisg.com
Marketing strategy is the process of building relationships with prospects and
customers so that you can profitably develop and promote products and
services.
According to Josh Glantz – Vice President and General Manager, PCH
Online-Publishers Clearing House
Marketing strategy is the conversation between a company or brand and a
consumer that ultimately leads to brand recall, preference or a transaction. In
today’s socially networked world, that conversation is being disintermediated
by word of mouth referrals. Traditional marketers will have to work harder to
get ahead of and to influence this trend.
According toJeffreyHayzlett – The Hayzlett Group, Author of The Mirror
Test
Marketing strategy has to examine why you’re in the game and ask the tough
questions. Next, there has to be a plan—and it must be tied to specific sales
expectations –clear conditions of satisfaction. Passion is not a substitute for
planning. Remember, buzz is NOT sales. Tension is good. Good healthy debate
18
causes tension and moves your group forward. Take risks and don’t be afraid to
make mistakes. No one ever died because of a marketing campaign. If you want
to grow you’ve got to get out there. Get your business into a new stratosphere.
19
CHAPTER 4
RESEARCH METHODLOGY
20
4.1 CONCEPT OF RESEARCH
As it is indicated in the title, this chapter includes the research methodology of the
dissertation. In more details, in this part the author outlines the research strategy, the research
method, the research approach, the methods of data collection, the selection of the sample,
the research process, the type of data analysis, the ethical considerations and the research
limitations of the project.
4.2 Types of Research
Based on the nature of study and its implications research is classified into different types.
Many researchers classify research into various categories based on various angles of
comprehension
Applied Research
It is carried out to find solutions to a real life problem that needs immediate action or policy
decision. It is problem-oriented and action-directed which seeks immediate and
practical results.For example, any market research activity.
Qualitative Research
It refers to a study based on qualitative data in order to get insights into problems
and their solutions. These involves direct observation of behaviour or going through
transcripts or undertaking unstructured interviews and subsequently analysingthem.For
example, interviewing ten CEOs for their crisis management systems and then analysing
the contents of the same.
Quantitative Research
It refers to a study based on quantitative data in order to get an insight into problems and their
solutions. This research study measures variables using numeric scales and helps in
precise measurement of data, for knowing
trends for comparison study.
Experimental Research
A research is conducted by comparing controlled experimental groups and controlling
one or more variable. While the consequence of one variable is observed the others are
assumed constant. Some of these are before and after studies and with or without
control groups, Completely Randomised Design(CRD), Randomised Block Design (RBD),
Latin Square Design (LSD), and factorial designs,etc.
21
Survey Method
This is one of the most frequently used methods of gathering information
i applied social research. This process, through interviews, telephone or mail
survey with a view to analyse a given social dilemma and thereafter present the
solutions in the form of recommendations, involves a systematic and
comprehensive study of particular community, organisation, group, etc.It is
considered to be one of the most cost-effective technique. It encompasses
measurement procedures that involve asking questions to respondents.
Surveys like questionnaire or statistical surveys are used to gather data
about people, their thoughts and behavior.
The instruments used for research are mainly questionnaires and interviews. A
set of questionnaires was presented to respondents. Because of its flexibility, it
is by far the most common instrument used to collect primary data. Questions
were carefully developed, tested and debugged before administrating in a large
scale.
Primary data: The primary data will be collected by directly
interacting with the customer with the help of questionnaire. The
primary data will be collected directly from the company.
Secondary data; Secondary data refers to data from internet,
newspaper, magazine.
4.4Research Sampling
The questionnaire is the main instrument for collecting data in survey research. Basically, it is
a set of standardized questions, often called items, which follow a fixed scheme in order to
collect individual data about one or more specific topics. Sometimes questionnaires are
confused with interviews.
22
4.5Research Gap
This project helped me as well as the company to find out the real satisfaction of consumer,
this help company to do well. Many researcher have done project on promotion technique
and marketing strategy but the company owner helped me to do this research as no one has
done still marketing strategy followed by L -MART
23
CHAPTER 5
24
1. Monthly income level of customers.
No of Respondent
60 50
50
40
30 25
20
20
10 5 No of Respondent
0
0
0
00
00
00
00
0
0
0
.1
.2
.3
.3
Rs
Rs
Rs
Rs
0-
0-
e
w
ov
00
00
lo
Be
Ab
0
0
.1
.2
Rs
Rs
Interpretation
Monthly income level of customer below 10000 is 25%. 10000-20000 is 20%.Monthly income level
25
Once in a week 25 25%
During special offers 25 25%
Whenever needs arises 10 10%
TOTAL 100 100%
Visitors
15
Twice a week
Once in a week
40 During special offers
Whenever needs
25 arises
25
Interpretation
No of respondent twice in a week is 40%.There are 25% respondent are once in week. 25%
respondent are during special offers .10% are arrive at store whenever needs arises.
No of Respondent Percentage
Yes 70 70%
No 30 30%
26
TOTAL 100 100%
No of Respondent
80
70
60
50
No of Respondent
40
30
20
10
0
Yes No
Interpretation
No of respondent happy with location of L mart 70% and not happy 30%.Yes 70% and No 30%.
No of Respondent Percentage
Agree 40 40%
Strongly Agree 25 25%
Disagree 15 15%
Not really 20 20%
27
TOTAL 100 100%
No of Respondent
20
40
Agree
Strongly Agree
Disagree
15 Not Really
25
Interpretation
No of respondent agree to purchase on wednesday 40%. Srongly agree 25%. Disagree purchase
on wednesday 15% and not really 20%.
28
No of Respondent
15
Hoardings
Newspapers
15 Brouchers
Television
60
10
Interpretation
Number of respondent doing advertise through media like hoarding 15% ,newspaper 15%
television 10% and maximum respondent is given through broucher is 60%.
No of Respondent Percentage
Good 75 75%
Satisfied 10 10%
Average 10 10%
29
TOTAL 100 100%
No of Respondent
10
5
10
Good
Satisfied
Average
Any other
75
Interpretation
No of Respondent Percentage
Highly satisfied 30 30%
Satisfied 30 30%
Neutral 40 40%
Not satisfied at all 0
TOTAL 100 100%
30
No of Respondent
Highly Satisfied
30
Satisfied
40 Neutral
Not Satisfied at all
30
Interpretation
satisfied 30%, only satisfied respondent also 30%, neutral satisfaction level
8. Do you think that the service of discount offered by L-Mart attracts you for impulsive?
Yes 65 65%
No 35 35%
TOTAL 100 100%
31
Sales
Yes
35 No
65
Interpretation
respondent.
9. Do you feel that the goods sold in L-mart are relatively more costly than that of others
mall?
No of Respondent Percentage
Yes 15 15%
No 85 85%
TOTAL 100 100%
32
NO OF RESPONDENT
15
YES
NO
85
Interpretation
The l mart providing goods and services are good than others and rates are
fair and respondent is given it charges more and respond came 15% yes
No of respondent Discount
Discount Offer 60 60%
Coupon 10 10%
Free Gift 25 25%
Credit card Discount 5 5%
TOTAL 100 100
33
No of Respondents
70
60
50 No of Respondents
40
30
20
10
0
Discount Copuns Free Gifts Credit card discounts
Interpretation
Promotion offered by l mart and respondent got for discount offer 60% ,
coupon 10% and free gift provided 25%, credit card and discount 5%.
FINDINGS
1. Most of the customers buy their requirement in L- Mart on the basis of Weekly and monthly
basis. Customers realized that L- MART stores provide qualitative products/service with
reasonable price.
2. At present time L- MART provide different types of product assortments to the customers.
3. Continuously opening of L- MART chains in different major cities, increasing quantities of the
customers & profit show that L- MART most accepted name in organized retail chain in India.
4. L- MART mainly deal with middle income group people who want qualitative product with
reasonable cost.
34
5. L- MART has a good reputation of itself in the market.
7. L- MART holds a huge customer base. The majority of customers belong to middle class family.
8. Impulse buying behavior of customers comes in to play most of the times in big bazaar.
SUGGESTIONS
L- MART should include more of branded products its product category so as to attract the brand
choosy people to come in to L- MART.
L- MART should provide large parking space for its customers so that they can easily park their
vehicles.
It should make different cash counters for different customers. Cash counter and credit card
payment counter should be placed differently in order to reduce the rush and save the customer’s
time. This will be a kind of motivator for the customers of L- MART.
The service of the sales person is needed to be improved. Personal care should be taken by the
sales person for the customers so that the customers feel good.
35
During the off peak hour’s L- MART should provide some offers to its customers so that people
would be encouraged to come to L- MART during off peak hours. The customers who are
present in the mall during the off peak hours of L- MART will definitely go in to L- MART if
surprise offers are made at that time.
Customer care department is needed to take proper care of customer complaints and queries. The
person sitting at the help desk of L- MART should be able to provide all necessary information
to the customers whenever it is required.
The infrastructure is needed to be changed a bit during weekends as heavy crowd comes in to L-
MART during those days.
CONCLUSION
L- MART is a major shopping complex for today’s customers. It is a place where customers find
variety of products at a reasonable price. L- MART has a good reputation of itself in the market.
It has positioned itself in the market as a discounted store. It holds a huge customer base. The
majority of customers belong to middle class family. The youth generation also likes shopping
and moving around L- MART. Volume sales always take place in L- MART. Impulse buying
behavior of customers comes in to play most of the times in L- MART.
L- MART is a hypermarket as it provides various kinds of goods like apparels, grocery,
stationary, food items, electronic items, leather items, watches, jewellery, crockery, decorative
36
items, sport items, chocolates and many more. It competes with all the specialty stores of
different products which provide goods at a discounted rate all through the year. It holds a large
customer base and it seemed from the study that the customers are quite satisfied with L- MART.
As of now there are 34 L- MARTs in different cities of India, it seems that there is a vast growth
of L- MART lying as customers demand is increasing for L- MARTs.
L- MART is a hypermarket store where varieties of products are being sold on different product
category. It has emerged as a hub of shopping specially for middle class people.
Different types of products starting from a baby food to pizzas all are available under one roof.
In Delhi it is the middle class people who mostly do marketing from L- MART. Even most of the
people do their monthly shopping from L- MART. People not only visit L- MART to do
shopping but also visit for outing purpose as it provides a very nice ambience to its customers.
As people go to malls they just tend to move around L- MART whether it is for shopping
purpose or for outing purpose. Grocery, apparels and food items are the products which are
demanded most by the customers of Delhi in L- MART. The major drawback of L- MART is
that it lacks in providing enough parking space for its customers. This may discourage the
customers to come to L- MART and shop as they face difficulty in parking their vehicles. Even
though some customers say that they don’t feel problem in parking their vehicle, it is because of
the parking space available to them by the mall. As it is surveyed it seems that the biggest
competitors of L- MART are the kirana stores, discounted specialty stores like Vishal mega mart,
Delhi bazaar L- MART, The Tata Groups (Croma), Reliance Retail, &Sabka Bazaar etc.
BIBLIOGRAPHY
BOOKS
3. Berman B and Evans J.R, Retail Management (Pearson education, 10th edition)
37
4. Louden D.L. &bittadelia consumer behavior ( tata Mc. Graw hill, 4th edition )
Organizedretail.co.in
Retail seminar.In
Scribd.com
Retailing.co.in
Wikipedia.org
Slideshare.net
ANNEXURE
Questionnaire
Respected Sir/Madam
38
Customers’ Name
Age:
Below Rs.10000
Rs.10000-Rs.20000
Rs.20000 –Rs.30000
Above Rs.30000
Twice in a week
Once in a week
Yes
No
Agree
Strongly agree
Disagree
Not really
39
Hoardings
Newspapers
Television
Brochures
Good
Satisfied
Average
Any other
7. What is your satisfaction level rate about “services” provided byL- MARTHighly
satisfied
Satisfied
Neutral
8. Do you think that the service of discount offered by L- MART attracts you for impulsive
buying?
Yes
No
9. Do you feel that the goods sold in L- MART are relatively morecostly than that of other
malls?
Yes
No
10. Rank the following features that encourage your purchase in L-mart on a scale of 1-10
Quality goods
40
Price
Location
Facilities
Good brand
Ambience
Convenience
11. What is your overall satisfaction level rate about services of L- MART?
Highly satisfied
Satisfied
Neutral
Dissatisfied
12. Which promotional offers do you expect from L- MART in the near future?
Discount offer
Coupons
Free gifts
41
42