A Study On Market Survey of Customer Satisfaction in Relation To Su-Kam Inverter
A Study On Market Survey of Customer Satisfaction in Relation To Su-Kam Inverter
I, ARUN TOMAR student of MBA III Semester hereby declared that the Summer
MEERUT.
ARUN TOMAR
1
ACKNOWLEDGEMENT
Though I may take credit for the effort put into the project it would not have
materialized in its present form if not guided by my faculty members and other
Mr. Vivek Jain (Marketing Manager) without his help this task would
friends and Professors who extended all help support and inspirations while
ARUN TOMAR
2
PREFACE
The motive behind this project is to know the consumer satisfaction survey towards
Inverter & Batteries. I researched about companies and its effectiveness in the eyes of
customers. In this project I analyze these strategy and done the survey and give some
This project report highlights the company profile, their group of companies and
I have placed in my best efforts in making this report a satisfaction but still I'll
welcome any suggestion for improving the same.
.
3
CONTENTS
Page No.
INTRODUCTION 6-17
FINDINGS 77-78
LIMITATIONS 79-80
CONCLUSION 81-83
BIBLIOGRAPHY 87-88
ANNEXURE 89-93
4
5
EXECUTIVE SUMMARY
The project aims to gain an insight in the mind of the executives about the brand
Product. It entails an in depth study of the ways the executive makes his purchases in
the market. The project aims to study the perception and attitude of the executives in
a way, bending away from the mainstream selective understanding about the
executives. The project entails preparing a questionnaire, which has questions ranging
from open ended to close ended and also questions, which are a combination of both
the types.
In survey, the researcher went through various mentioned areas in MEERUT for the
collection of data.
In the project the most important part was to study the Brand awareness of Su-Kam
power system Ltd. Home Appliances product and its competitors, to understand the
level of awakening visibility of Home appliances and its competitors & thinking of
executives towards them and finally approaching to certain measures to overcome the
unfavorable conditions, if any. For achieving this goal, the research took the
following steps:
6
1. The researcher met several executives enjoying various Home appliances
2. The researcher not only collected executives’ views about the various
respective products they are using, but also compared it, according to them,
well as its competitors, which is very much responsible for brand awareness.
To collect the data, the research have used Primary as well as Secondary data and
under Descriptive research design; Survey Method has been used to understand the
The findings of the survey will be a raw data. This data will be analyzed further to
understand the psyche, behavior of the executives and how and what they think
before making any purchase. And also the data will be used to draw an image of the
perception of the executive’s mind about various brands and specifically Su-Kam
7
8
OBJECTIVES OF THE STUDY
Batteries.
To find out the Devising strategy to increase the sale of Su-Kam Inverter
& Batteries.
9
10
INTRODUCTION
Today, India's power sector not only suffers from gross inadequacy in captive power
problem is the failure of successive governments to envision the future of the power
sector. Things are so bad today that power tariffs in India today are amongst the
highest in the world for both businesses and households. Ironically, Maharashtra,
which is the highest power generator in India, also faces the longest power cuts and
load shedding! Though the Indian government has finally woken up and is making
big plans to augment power supply, it will be long before supply meets demand.
In the meanwhile, reaping the benefits are the generator and inverter industries. Apart
from the power crisis, other contributing factors for the growth in these sectors are
robust economic growth, rise in household incomes, and the real-estate boom. Indeed,
products like standby power generators, inverters, uninterrupted power supply (UPS)
systems and storage batteries are finding an expanding market, especially this
summer.
Market watch
While bigger organizations and residential complexes generally opt for generators,
mostly diesel, smaller offices and households prefer inverters as they are they are
11
The generator market is inculcating cutting-edge technology and the portable power
market is on an upswing, making the market more lucrative and competitive. The
market size for generators is expected to grow over Rs 10 billion this year.
makes them less expensive and, hence, more attractive to manufacture than custom
builtunits.
The recent spate of power cuts has also augmented sales of generator sets in the
agricultural sector. The demand in the rural sector is mostly for smaller and cheap
kerosene and diesel gensets, particularly for irrigation, with no particular preference
for brands. For instance, in Punjab most farmers opt for generators below 10 kw -
permission is needed from the Punjab State Electricity Board for installing sets above
this capacity.
Meanwhile, the present size of the inverter market in India is about 1.5 million units a
year and growing at a compound annual growth rate (CAGR) of 12 to 14 per cent.
(ASSOCHAM), the hike in the demand for inverters, their batteries and generators is
Capital Region (NCR). The inverter market alone in the NCR is estimated to be to the
tune of Rs 2,500 crore this summer, with the main demand arising from the
residential sector. The prices of inverter batteries, particularly for brands like Exide
and Amaron, have gone up by nearly Rs 1,000-1,200 in the past few months.
12
The demand of dry and eco-friendly batteries has also gone up compared to normal
batteries.
A major share of the inverter market is currently being held by the unorganized sector
and smaller local manufacturers offering cheaper products. The entry of cheap
the shaky after-sales service of the unorganized sector has heralded the entry of
branded inverters by companies like SAR Silicon (Luminous), Usha Zentra and
Micro-tech. These companies offer better after-sales services and constantly upgrade
Major players in the portable power market are setting the standards in terms of
deliver high quality power with high performance. Domestic manufacturers are
capable of manufacturing AC generators right from 0.5 kva to 25,000 kva and above
For instance, Birla Power Solutions Ltd, formerly Birla Yamaha Ltd, offers a wide
range of 'Ecogen' generators and inverters with features like eco-friendly low
protection system; twin fan systems for effective cooling; and powerful technology
for quick load responsiveness. Honda Siel Power Products (HSPP), which brought in
13
India's first LPG-based generator, also lays strong emphasis on R&D and in-house
technical innovation. The super silent key start generator, LPG generators and other
excellence. With the focus on environmental and health issues, genset manufacturers
are increasingly conforming to the most stringent Phase II Noise & Emission Norms,
as laid down by the Central Pollution Control Board (CPCB), Government of India.
sine wave inverters have considerable potential in the household sector. Earlier
inverters were being used only for specific appliances like PCs but now with the new
The biggest player in the branded inverter segment, Luminous Electronics Pvt. Ltd,
has just launched its intelligent inverter series, called 'Compuverter', based on digital
signal processor (DSP) technology. Su- Kam has also launched DSP sine wave
inverters - a 700 va capacity inverter costs Rs 7,999. Su-Kam's sine wave inverters
are available in capacities ranging from 700 va to 100 kva. Its digital inverters, with
capacities ranging between 300 va and 2,000 kva, are priced between Rs 3,450 and
Rs 12,990.
14
The roadblocks
Though the potential is immense, a lack of product knowledge among customers does
impede the portable power market. Consumers also tend to overlook important
technical details such as resistive loads, type of lubrication, and safety features.
This leads not just to people buying the wrong product for their needs, but operation
overallsales.
Government norms also affect the market. Suppliers and manufacturers of generator
sets and diesel engines have to fulfill certain directives prescribed by the Union
Ministry of Environment and Forests with respect to emission of fumes and noise.
Imports too are covered by these norms. Adherence to these parameters adds to costs,
which are passed on to the customer. Another norm, the CPCB rule intended to cut
down noise level to 75 dBA, was introduced this year. According to this, generators
must be fitted with soundproof canopies, and the acoustic enclosures should be of the
type approved by CPCB. This extra investment will hurt the end user.
Another bugbear is the role of the unorganized sector, which currently rules the
market and triggers price wars. Though its products are priced cheaply, they lack
efficient after-sales service and product support, thereby leaving customers in the
lurch.
15
Optimism ahead
Despite these stumbling blocks, Indian genset manufacturers have been relentless in
their efforts to establish and develop market share. Larger companies are now making
strategic decisions to enhance capacity, lower costs and connect with the customer.
For example, BPSL is setting up a new plant for manufacturing LPG and CNG
gensets, inverters, engines and acoustic hoods in Uttaranchal. This will reduce its
making inroads into semi-urban and rural markets too. SAR Silicon is developing
poor quality of power and expects a growth of around 60 per cent this fiscal.
The future will also see India as a sourcing base for generators and inverters. Honda
Siel hopes to increase shipments by another 10,000 units this fiscal. And the company
plans to make India the sourcing base for select models for Honda's global genset
Finally, new technology too holds great promise for this segment. 'Lean burn gas
gensets', capable of fuel management according to load using cleaner natural gas, and
photovoltaic systems coupled with smaller fossil fuel based generators as backup are
16
A bright future
offering online ups, line interactive ups, digital and sine wave inverters. Vivek Jain,
Marketing Manager looks at the future of this industry in the context of the bleak
The current shortage of power has been good news for the inverter industry.
Yes, it has resulted in exponential growth. The inverter industry in India is still
developing. We expect the industry to grow 25 per cent annually and become more
organized. Right now there are a lot of local players. We have registered the
maximum growth in Western India. But the rise in copper and zinc prices is forcing
Micro-tech is the only company in India with 10 dedicated manufacturing plants for
inverters. We have recently installed a fully automatic line for inverter manufacturing
manufacturing facility. We have a team of more than 400 qualified service engineers
and around 180 service centers across the country. We support a paperless warranty
system.
17
HISTORY OF BATTERIES
In the first half of the nineteenth century the battery took part in every form of
warfare in and around India. Mountain warfare against our later friends the Ghurkhas
in 1812, siege warfare at Hathras and the great fortress of Bhartpur and open warfare
in both Sikh wars- the Bengal Horse Artillery took part in them all. Armed with the
lightest of guns, which were effective only at very short ranges, and exploiting their
superb mobility, they could be seen galloping into action in front of the long scarlet
clad line of Bengal Infantry. Resplendent in their laced jackets and brass mounted
Roman helmets, the Troops of the Horse Artillery would gallop forward with the
cavalry and come into action shattering an enemy counter charge with deadly salvoes
of case shot. It was the age panache on the battlefield, when men fought and died in
their gilded accoutrements. It was the age of rigid discipline in close order drill and
great lines of battle drawn up to face each other 100 yards apart. It was one in which
battlefields were shrouded in drifting powder smoke and the balance hung on the
ability of soldiers to endure a sudden and daunting number of casualties and still
In 1914 L Battery rode into battle in support of 1st Cavalry Brigade as part of the
British Expeditionary Force in the Great War. The greatest exploit in all it’s history
was to occur during the famous “Retreat from Mons “when the battery took part in an
action, referred to as “The Affair at Nary”, which was believed by many to be the
turning point of the 1st World War. During the action at the village of Nary, L Battery
suffered heavy losses but fought bravely until the last gun had expended all its
18
ammunition and held the German 4th Cavalry Division at bay. Three Victoria Crosses
were awarded to the battery for that action together with the battle honor title Nary.
After re-equipment the battery went through the ill-fated Gallipoli campaign and later
returned to the Western Front where it was in the thick of the fighting until the
Armistice in 1918.
Between the wars L(Nary) Battery served successively in Germany, as part of the
occupation forces, Ireland, India, Egypt and England. In 1938 the battery was
mechanized and became “L” Troop of L/N Battery RHA. It was in this orbit that it
returned to France in 1939, and later took part in the campaigns in Greece and the
western Desert. In 1942 the battery regained its separate identity and advanced
through North Africa with the 8th Army. It arrived in Italy in time for the famous
battles for the Casino Monastery and had reached the Bologna area at the final
The two years following the war were spent in Italy, Palestine and Egypt and it was
not until December 1947 that the battery returned to England. With the rest of 2 nd
Field Regiment Royal Horse Artillery it moved to Hildesheim, West Germany where
On 1st February 1958, as part of the reorganization of the army, the battery ceased to
be part of the Royal Horse Artillery and became L(Nary) Battery Royal Artillery.
19
From 1958 until 1961 the battery served in Malaya where it saw active service,
returning to Colchester as part of the Strategic Reserve. In 1964 the battery, with the
during the four-month tour to stop the Greeks and Turks fighting over island
sovereignty.
In 1965 the battery moved to Portsmouth Barracks in Munster, West Germany and
remained there until 1968 when it moved back to the UK and Barnard Castle in
County Durham. After a three-year tour in England the battery moved back to
Germany, this time to Hemmer until 1977, it then moved to Ubique Barracks in
Dortmund for a short tour before moving to Larkhill in 1979 as the Support Regiment
In 1982 the battery returned to Munster in West Germany with 2nd Field Regiment
where it remained till the disbandment of the Regiment in 1993 and the battery
moved to Tidworth as part of 1st Regiment Royal Horse Artillery. In 1998 this famous
it’s guns and reducing to Tac Group strength but remaining within 1st RHA.
Further reorganization within eighteen months saw the battery reinstated and re-
equipped with guns amalgamating with N Battery (The Eagle Troop) RHA to become
L/N (Nary) Battery (The Eagle Troop) Royal Horse Artillery. Until sadly again
following a tour of duty spread between the other 1RHA batteries to Iraq L/N Battery
20
returned to a further disbandment, again losing their guns and becoming part of “O”
In April 2006 L and N batteries again reformed in their own right as Tac Group with
Nary remaining within in 1 RHA in Tidworth and The Eagles a mirror version within
3 RHA in BAOR.
Over the past fifty years the battery has been equipped with a variety of artillery
weapons including: 4.2” Mortar – 25 Pounder – 5.5” Gun – 105mm Pack Howitzer –
105mm Light Gun – M109 – ASA90 / seen active service in Malaya, Cyprus, The
21
22
COMPANY PROFILE
Su-Kam – the leading Power Back-up Solution provider in India, with its consistent
focus on technological innovation, has attained heights unheard of, in the largely
and upgrading standards for the industry, comes naturally to Su-Kam. Today, Su-Kam
distribution network.
An ISO 9001 and ISO 14001 certified company, Su-Kam - is the only power Back-up
systematically planned and built to modern construction standards. The plants are
equipped with sophisticated assembly lines and are backed by completely integrated
Reliance India Power Fund, a joint venture sponsored by R-ADAG (Reliance Anil
invested INR 45 crores in Su-Kam. The trust reposed in Su-Kam by two of the most
powerful business groups in the world is indicative of its standing and potential.
All Su-Kam products have invariably received overwhelming response from the
23
market, as it creates products which eventually enhance the quality of life for its
users, while giving them real value for money. Having pioneered the field of
Inverters, Online UPS Systems, Line Interactive UPS Systems and (Lead Acid and
VRLA), Su-Kam today provides an array of solar products and high capacity inverters
Su-Kam prides itself on being a customer focused organization and its products are
customers.
enabled Su-Kam to export its products to various overseas markets across Asia,
Africa, Middle East and Pacific Region. Currently, 10 % of the company’s turnover is
made up of exports, and this is poised to rise exponentially in the years ahead. The
European, US and Canadian norms, has enabled Su-Kam to market its products across
the globe.
up solution provider to acquire 20 product patents and 10 more ….. Applied for
Su-Kam continues on its fulfilling journey. A journey driven by power solutions and
24
Celebration of '10 Glorious Years' & Family Day.
First prize in “Branding & Support Services” In Kenya Home Expo, Kenya.
25
Launch of Power Quality Monitor.
Holdings, Singapore
26
Inauguration of India's first SMF Batteries Plant
Quality never happens by chance. It is always a result of planned and sustained effort.
The stringent QC measures instituted by the company from the very beginning have
At Su-Kam we are extremely conscious of the need to apply methods and tools for
quality assurance, learn from mistakes and eliminate their root causes without delay.
27
We have a inbuilt robust and strong quality system which covers all our products at
various stages of development and manufacturing .In terms of quality assurance too,
Su-kam is accredited with ISO 9001 : to boost its reputation for reliability by leaps
and bounds.
process right down to final inspection prior to delivery. As a result of this, every
standards.
Our R&D has all the requisite advanced equipment to test the critical parameters of
our products. Most of our products have received Test certifications from reputed
28
laboratories like ERTL (A Government of India organization). We have received SEC
Certification for our VRLA (SMF) ... 12V-7.2AH, 12V-45AH and 12V-165AH.
29
RIGOROUS STANDARDS
Quality Planning: Our goal is to fully satisfy customer expectation through the
quality of our products and services. Quality and quality improvement are therefore
partners
.
New Product Review: Product introductions have been at the heart of our success in
rigorous system for reviewing all our products against the parameters of functionality
eliminating rework, and managing capacity has reduced product development and
production time.
principles through the organization. The requisite directives and standards are
discussed and disseminated regularly and teams are trained intensively on these.
30
Training has been the main focus of the organization, not only in-house but also the
training of our dealers, distributors and associates for their growth and for achieving
targets.
our products. Therefore our suppliers must meet the same high standards that we have
adopted. This is ensured through regular validation of their quality control set-up.
Target Evaluation: All processes are evaluated against pre-negotiated targets and
functions of production, sales, servicing and training are also bound by the quality
31
RESEARCH AND DEVELOPMENT
Products, Processes and Consumers benefit from dynamism and change. At Su-Kam,
we are always aware of the need to innovate and improve. Value addition is a crucial
focus and to this end considerable time, effort and resources are dedicated to research
and development. There is high intellectual and emotional excitement among the
researchers who work on customers' most challenging problems. This yields even
With the dedicated team of highly experienced people, every effort is made to keep
the development cycle short without losing focus on key issues like reliability,
production methods are integrated into the everyday work pattern. Su-Kam’s R&D,
The R&D strength is reinforced with extensive infrastructure that includes state-of-
the-art equipment like Power Analyzers, Digital Scopes, Waveform Generator, Curve
Simulator for DSP & Micro Controller applications, and Programmable Power
Supplies, enabling Su-Kam to develop design capabilities that are at a par with
international standards.
32
The company's in-house R&D Unit has obtained recognition from the
We have a vibrant history of R&D. The introduction of R&D in the inverter industry
has not been an easy task. When Su-Kam entered this field, the inverter industry was
typically a business driven purely by volumes, with little concern for innovation or
quality. Su-Kam soon forced a paradigm shift in this attitude. As the R&D
the cost incurred in developed countries. 'More for Less' has been the enduring
philosophy of the organization and thus also the driving principle of the research
teams.
The R&D wing is housed in a vast spread of well-facilitated space. Products are
tested using the latest and most sophisticated testing equipment. Given the rigorous
focus on development and improvement of new and existing products, the R&D
Su-Kam has already received the patent rights for 20 products. It has achieved
Increased sales
33
34
35
PRODUCT PROFILE
Easy maintenance
Generator compatible
36
Cost savings as only one systems (Home UPS) is bought in lieu of two
Space saving
Appliance Friendly: The life of the appliances like TV and Fridge is increased
as there is No Time Gap (Start up delay) between power cut and resumption
of back-up power.
37
Full safety of highly sophisticated equipment
Ensures full charging and protection of the batteries and enhanced battery life.
38
Commercial UPS
Fusion series of Commercial UPS is the World’s most advance Commercial UPS as it
is based on world’s most advances DSP Sine Wave technology. It provides steady
source of 100% pure sine wave power to the entire connected appliance. The power
supplied by the Su-Kam’s Fusion series of Commercial UPS is actually purer then
the power supplied from the mains, a simple proof this fact is that appliance won’t
make any irritating humming sound as they do on normal UPS available in the
market.
39
Solar Product
Features:
Pure Sine Wave Output with low Total Harmonic Distortion (TDH)
Noiseless in operation
40
Battery
Inhaling lead fumes coming out of conventional Lead Acid Battery regularly is like
taking a daily dose of poison. That is why; inverters need new and safer solutions.
The fumes emitted by ordinary batteries, cause tiredness, muscle pain and stomach
SU-KAM Power Bank series of Batteries are specially designed for optimum
performance, very long life, and high reliability. These are eminently suitable for a
41
Features:
Strong Containers/Covers.
42
Battery Chargers & Equalizers
controlled for fast and accurate charging of all deep-cycle batteries. A wide AC input
voltage range enables proper delivery of a full three-stage charge, even when
charging from less than perfect quality grid power or generator power.
Battery Equalizer
Series StrInhaling of storage batteries are used quit commonly whit UPS, inverter,
Single equalizer can be used for at least 2 number of batteries and maximum for 4
43
Salient Features:
X-TRA Durable
X-TRA Convenient
X-TRA Safe
Provides good ventilation for battery, at the same time - prevents battery fumes from
spreading
44
CONSUMER’S BUYING BEHAVIOR
Understanding the buying behavior of the target market is the essential task of
The consumer market consists of all the individuals and households who buy or
and taste.
Due to the growth in the size of firms and markets, marketing decision makers have
been removed from direct contact with their customers. Managers have had to turn to
consumer research. They spend more money in trying to learn: Who buys? How do
they buy? When do they buy? Where do they buy? Why do they buy?
is main question. Therefore, business & academic researchers have invested much
45
energy in researching the relationship between marketing stimuli and consumer
response.
46
MODEL OF BUYER BEHAVIOUR
Their starting point is the stimuli-response model. Above figure shows marketing and
stimuli are of two types. Marketing stimuli consists of the 4 Ps: Product, Price, Place
and Promotions. Other stimuli consist of major forces and events in the buyer’s
environment economic, technological, political and cultural. All these stimuli pass
through the buyer’s black box and produce the set of buyer responses: Product choice,
47
MAJOR FACTORS INFLUENCING CONSUMER BEHAVIOR
psychological factors.
Cultural factors exert the broadest and deepest influence on consumer behavior.
CULTURE
Culture is the most fundamental determinant of a person’s wants and behavior. The
child growing up in a society learns a basic set of values, perception, preference &
behavior through a process of specialization involving the family & other key
institutions.
48
SUBCULTURE
Each culture contains smaller groups of subcultures that provide more specific
identification & socialization for its members. Four types of sub culture can be
distinguished.
49
SOCIAL CLASS
stratification takes the form of social classes. Social classes are relatively
homogenously and enduring divisions in a society, which are hierarchy ordered and
50
A person’s reference groups are those groups that have a direct or indirect influence
on the person’s attitudes or behaviors. Groups influence will be stronger for products
(ii) FAMILY
Members of the buyer’s family can exercise a strong influence on the buyer’s
behavior. The family of orientation consists one’s parents. From parents a person
acquires an orientation toward religion politics, & economics and a sense of personal
ambition self-worth & love. The following products and services fall under such.
51
Participating of buyer in the different groups as clubs, organizations influence his/her
buying behavior. His/her position in the different groups can be termed as roles &
status. A role consists of the activities that a person is expected to perform according
to the persons around him/her. Each role carries a status reflecting the general esteem:
accorded to it by society.
People change the goods and services; they buy over their life time. They eat baby
food in childhood, most foods in the young age and special diets in the later year.
52
(ii) OCCUPATION
A person’s economic circumstances will greatly affect product choice. His economics
circumstances consists of their spendable income, saving & assets, borrowing power.
(iv) LIFE-STYLE
A person’s life style is that person’s pattern of living in the world as expressed in the
53
(D) PSYCHOLOGICAL FACTORS
A person’s’ buying choices are also influenced by four major psychological factors-
(1) Motivation
(2) Perception
(3) Learning
For many products, it is easy to identify the buyer. Men buy shaving Cream, Razor,
Thus, we can distinguish several roles people may play in a buying decision.
54
Initiator : One who first suggests or thinks of the idea of buying the particular
product or service.
Decider : One who ultimately determines any part of, or the entire
55
SALES PROMOTION - A THEORETICAL FRAMEWORK
Whereas advertising offers a season to buy, sales promotion includes tools for
consumer promotion e.g. samples, coupons, cash refund offers, prices-off, premiums,
cooperative advertising, advertising and display allowances, push money, dealer sales
contests.
56
Sales promotion tools are used by most organizations, including manufacturers,
A decade ago, the advertising-to-sales promotion ratio was about 60/40. Today in
many consumer packaged goods companies, the picture is reversed with sales
promotion accepting for between 60-70% of the combined budget. Sales promotion
consumer markets.
57
Product manager are under greater pressure to increase their current sales.
Advertising efficiency has declined because of arising costs, media costs and
legal restraints.
The rapid growth of sales promotion media (contests, coupon etc) has created a
58
consumers will start tuning out, in which case coupons. and other media will weaken
in their ability to trigger purchase. Manufacturers will have to find ways to rise above
the clutter, for instance, by offering large coupons, redemption values or using more
Sales promotion tools vary in their specific objectives. A free sample stimulates
consumer trial, while a free management advisory service cements a long term
Sellers used incentive type promotions to attract new tiers, to reward loyal customers,
59
Frequent brand switches.
Sales promotions often attract the brand switches, because users of other brands arid
categories do not always notice or act on a promotion. Brand switches are primarily
looking for low price, good value or premiums. Sales promotions are unlikely to turn
them into loyal brand users; Sales promotions are used in markets of high brand
users. Sales promotions are used in markets of high brand similarity produce a high
sales response in the short run but little permanent gain in market share. In markets of
high brand dissimilarity, sales promotions can alter market share more permanently.
Sellers often think of sales promotion as designed to break down brand loyalty, and
60
marketing managers is how to divide the budget between sales promotion and
advertising.
Ten years ago marketing managers would decide what they needed to spend on
advertising and put up the rest on sales promotion. Today marketing mangers first
estimate what they need to spend in trade promotion, then what they need to spend in
consumer promotion and whatever is left they will budget for advertising.
61
Sales promotions do not tend to yield new, long term buyers in mature
markets because they attract mainly deal prone customers who switch among
Loyal brand buyers tend not to change their buying patterns as a result of
competitive promotion.
brand.
There is also evidence that price promotions do not permanently build total category
volume. They usually build short term volume that is not maintained. Small share
competitors find it advantageous to use sales promotion, because they cannot afford
to match the large advertising budgets of market leaders. Nor can they obtain shelf
62
space without offering trade allowance or stimulate consumer trial without offering
Enlarge its share, but it is IT less effective for a category leader who growth lies in
Sales promotion seems most effective when used together with advertising. In one
study, point-of purchase displays related to current Inverter & Batteries commercials
were found to produce 15% more sales than similar displays not related to such
BATTERIES advertising proved more successful than either Inverter & Batteries
63
SELECTING THE SALES PROMOTION TOOLS
Sales promotion tools are selected keeping in view the sales promotion objectives.
These, objectives are derived from broader promotion objectives which are derived
from more basic marketing objective d for the product. The specific objectives set for
For consumers objectives include encouraging purchase of larger size units, building
trial among non-user and attracting switches away from competitors’ brands.
For retailers’ objectives inducing retailers to carry new items and high level of
entry into new retail outlets. For the sales force, objectives include encouraging
64
support of a new product or model, encouraging more prospecting and stimulating
off-season sales.
The main sales promotion tools are designed for consumer promotion, trade
The main consumer promotion tools include samples, coupons; cash refund offers,
price packs, premiums, prizes, patronage awards, free trials, product warrantees, tie-
SAMPLES
65
They are offers of a free amount or trial of a product to consumer. The sample might
be delivered door to door, sent in the mail; picket up in a store, found attached to
another product or featured in an advertising offer. Sampling is the most effective and
COUPONS
They are certificate entitling the bearer to a stated saving on a purchase of a specific
66
Cash refund offers or rebates are like coupons except that the price reduction occurs
after the purchase rather than at the retail shop. The consumer sends a specified proof
of purchase to the manufacturer who in turn refunds part of the purchase price by
mail.
67
68
RESEARCH METHODOLOGY
steps necessary to effectively carry out research and the desired sequencing of these
activities, which overlap and do rigidly follow a particular sequence. It consists of the
following steps
69
Objective of Study
Research Design
Sample Design
Data Collection
Data analysis
Reporting of Findings
70
RESEARCH DESIGN
Research Design specifies the methods and procedures for conducting a particular
study. A Research Design is the arrangement of conditions for collection and analysis
of the data in a manner that aims to combine relevance to the research purpose with
On the basis of the objective of study, the studies which are concerned with
Descriptive Research Design: In this research design the objective of study is clearly
defined and has accurate method of measurement with a clear cut definition of
view.
The training sessions are conducted in the beginning of training in order to make us
clear about the task provided and how to handle the different situations.
71
PREPARING THE RESEARCH DESIGN
Interview.
SAMPLING DESIGN
A Sample Design is a definite plan for obtaining a sample from a given population. It
refers t the technique r the procedure adopted in selecting items for the sample. The
1. Sampling Unit
2. Sample Size
3. Sampling Procedure
72
SAMPLE AREA: MEERUT
SAMPLING UNIT:
A sampling framework i.e. developed for the target population that will be sampled
Consumers
SAMPLE SIZE
It is the substantial portion of the target population that are sampled to achieve
reliable results.
SAMPLING PROCEDURE
Non-Probability Sampling
universe for constituting a sample on the basis that the small mass that they so select
Judgment sampling: To select population members who are good prospects for
accurate information?
73
DATA COLLECTION
The data collection process is the predefined task that I have to undergo. The data
collection process starts right from the first day till the final day on the field. During
the whole period a list of different retailers scattered around whole of the Meerut gets
visited on the regular basis. The main task is to analyze the market potential, study of
the market share of the company and analyzing the competitor’s strategies.
The survey process is not complete without consulting the Distributor & Retailers.
The distributors are the key nodes that make the chain moving effectively. So the
response made by them is also an essential criterion to involved and reaching for
certain decisions.
There are several ways of collecting appropriate data that differ considerably in the
context of money costs, time, and other resources at the disposal of the researcher.
PRIMARY DATA
The primary data are those data, which are collected afresh and for the first time. And
happen to be original in character. The primary data to be collected for the study are-
74
Direct Personal Interview – Under this method of collecting data
75
SECONDARY DATA
Secondary data means data that are already available i.e., they refer the data, which
have already been collected and analyzed by someone else. When the researcher
utilizes secondary data, then he has to look into various sources from where he can
obtain them, IN this case he is certainly not confronted with the problems that are
usually associated with the collection of original data. Secondary data may either be
published data or unpublished data. Usually published data are available in:
published information. The sources of unpublished data are many; they may
also may be available with scholars and research workers, trade associations,
76
77
SWOT ANALYSIS
STRENGTH
1. Su-Kam Inverter & Batteries’ strategies are more interested in expanding the
product benefits.
3. Su-Kam Inverter & Batteries applied unique insight across product markets,
including consumer electronics, where people hadn’t imagined that health had
any relevance (like offering AC’s with health air system with anti fungus,
electrostatic and deodorizing and anti-bacteria filters –so that AC which was
aesthetics of the room, give them status, be easy to operate and improve
health.
because of the strategy the customers had been benefited with the
“healthful” products.
78
6. Operating with a consumers perspective is a matter of routine at Su-Kam
Inverter & Batteries keep on asking ridiculous questions and then figuring out
WEAKNESSES
3. It has planned for setting up of new plants where their competitor has planned
4. It has no extra features in the brand that differentiate its from other
competitors.
personality.
79
OPPORTUNITY
1. It can take the market very well with the new investment of 82 millions.
2. It can give a big jerk to its major competitor in SU-KAM INVERTER &
consumer goods.
brands.
THREATS
2. Su-Kam Inverter & Batteries has major market than other competitor the
company.
80
81
DATA ANLAYSIS
STRATEGY?
Company % age
Su-Kam Inverter & Batteries 40
Unicon Inverter & Batteries mills 15
Microtech Inverter & Batteries mills 8
Luminous Inverter & Batteries mills 15
Others 22
40% 40%
35%
30%
25%
22%
20%
0%
Su-Kam Unicon Microtech Luminous Others
INFLUENCES
82
In the survey in find the brands strategy production Su-Kam Inverter & Batteries is
more than other competitive, more 40% have Su-Kam Inverter & Batteries, and
second greater than 22% of other and lower the brand strategy of production have
Nobel group.
83
Q:- CUSTOMERS INFLUENCED BY THE PRODUCTION PROCESS
FEATURES?
Company % age
Model 20
Concept 20
Technology 20
Product 40
40% 40%
35%
30%
25%
15%
10%
5%
0%
MODEL CONCEPT TECHNOLOGY PRODUCT
INFLUENCES
PROCESS?
84
Company % age
Actual 80%
Exemplary 20%
80%
80%
70%
60%
50%
40%
30%
20%
20%
10%
0%
ACTUAL EXMPLARY
Analysis
In the survey I find more 80% of the customer view of the quality reflected is actual
2. Rest of exemplary
SERVICE?
Total of respondents – 50
Yes 40
85
No 10
90% 80%
80%
70%
60%
East
50%
West
40%
North
30% 20%
20%
10%
0%
Yes No
INFLUENCES
In the survey we find maximum 80% consumer are satisfied with Su-Kam
Inverter & Batteries service and rest 20% has problem with service.
86
Q:- ARE YOU SATISFIED WITH QUALITY OF PRODUCT?
Total of respondents – 50
Yes 40
No 10
100% 90%
90%
80%
70%
60% East
50% West
40% North
30%
20% 10%
10%
0%
Yes No
INFLUENCES
In the survey we find maximum 90% consumer are satisfied with Su-Kam
Inverter & Batteries quality and rest 10% has problem with quality.
87
Q:- Which A4 size copier Inverter & Batteries you sale in our stationary shop?
Total of respondents – 50
Companies Respondent
Su-Kam Inverter & Batteries 15
Unicon Inverter & Batteries mills 10
Microtech Inverter & Batteries mills 8
luminous Inverter & Batteries mills 7
Others 10
35%
30%
30%
25%
20% 20%
20% East
16%
14% West
15%
North
10%
5%
0%
Su-Kam Microtech Others
INFLUENCES
In the survey we find maximum 30% consumer used Su-Kam Inverter & Batteries
88
FINDINGS
There are a large number of small & big localities in the area. It was a difficult
task to cover too many companies. Hence, only 3 of them were selected,
89
Exclusive dealer of the company, were also inquired where sometimes delays
occurred and repeated visits were made on account of the concerned person
unavailable or busy.
Only 50 odd customers were covered in the project and that too equally
the population.
Customer awareness and negligence was also a problem since many of them
the end to walk from the Inverter & as soon as advertisement break
Contacting the various eligible customers and probing in details about various
90
91
LIMITATIONS
While working on this project I have to face some difficulties while conducting the survey.
People were not interested in giving there actual information about their product, as they
were extremely scared about the income tax some people have difficult to take them in
Refusal to co-operate
Respondent bias
92
93
CONCLUSION
There are on an average 43.33% the existing users of the company’s products
in the area.
90% of the vendor is dealing in the company’s products since many years
Among the various features of the production the highest performance (60%)
goes for the overall production. On the contrary, the lowest preference (6%) is
41% opined that the company’s production ltd company 34% opined that the
97% of the respondents are of the opinion that the products actually confirm
A sizeable population (60%) is in the favor of their favorite stars and models
94
shot.
On an average 56% of the customers are in the favor of the frequency of the
One of the major studies was about the overall customer’s satisfaction survey
95
96
RECOMMENDATIONS
the advertisements catering to the lives and needs of the richer society
country. Now at this point of the time when the company has established
engross itself deeper into the lives of the major fraction of the Indian
The successful today have the Su-Kam Inverter & Batteries working
punch lines as well. The slogans should be such that they are short’s
97
sweet to be humble at the same time contributing cleverly to the overall
made a part of the production of the company will definitely improve the
might make them more easily understood and quick to repeat and sign.
As the analysis reflected that it is the need of the hour to launch more
etc. the company can go for some incentives schemes for its existing
Lucky Draw prizes, sending festivals wishes etc. it would help the
company to crate band loyalty as well enhance the existing market share.
98
99
BIBLIOGRAPHY
BOOKS:
Second Edition.
WEBSITE:
www.google.com
www.su-kam.com
100
101
QUESTIONNAIRE FOR CUSTOMER SATISFACTION SURVEY
Name: Name:
Signature: Signature:
Q-1: How do you rate the quality of Su-Kam Inverter & Batteries product?
c. Good d. Average
product?
c. Low return
Q-3: What do think about the technology and equipment use by them? That
102
Q-4: Are you satisfied with delivery system that Su-Kam Inverter &
Batteries is following?
c. Never
a. Mostly b. Always
c. Never
Q-8: How would you rate the policies and practices followed by Su-Kam
103
Q-9: What about the communication or response to various quarries of
yours?
c. Good d. Just ok
c. Not aware
Q-11: Which attributes of the product attract you to buy it or what attributes
a. Cost b. Quality
e. Technology f. Others
Q-12: How do you rate the following attributes of Su-Kam Inverter &
Cost 1 2 3 4 5
Quality 1 2 3 4 5
Delivery service 1 2 3 4 5
Product design 1 2 3 4 5
Technology 1 2 3 4 5
104