INTERNAL GUIDE
EXTERNAL GUIDE
DR.SHANKAR CHOUDHARY
Mr,Narayan Paneri
DEPARTMENT OF MBA
PACIFIC BUSINESS SCHOOL
DEBARI, AIRPORT ROAD
2014-2016
1
DECLARATION
I HarikantMenaria, hereby declare that the Project work report entitled Customer
Perceptiontowords to Allied Electronic And MagneticPvt.Ltd. Prepared by me
under the guidance of Dr. Shankar Choudhary, faculty of M.B.A Department,
Pacific Business School and external assistance by Mr. Narayan Paneri.
I also declare that this project work is towards the partial fulfillment of the
university regulations for the award of degree of Master of Business
Administration by Rajasthan Technical University, Kota.
I further declare that this project is based on the original study undertaken by me
and has not been submitted for the award of any degree from any other university.
Place: Udaipur
Signature
Date:28/04/16
HarikantMenaria
ACKNOWLEDGEMENT
This is a great opportunity to acknowledge and to thanks all those person without
whose support and help this project would have been impossible. We would like to
add a few heartfelt words for the people who were part of this project in numerous
ways.
I would like to thanks to my project guide Dr. Shankar Choudhary, for his
indefatigable guidance, valuable suggestion, moral support, constant
encouragement and contribution of time for the successful completion of project
work. I am very grateful to him, for providing all the facilities needed during the
project development. At the outset, I sincerely thank all faculty members of my
institution for his extra effort to make our session on line inspire of all ideas.
PREFACE
Executive Summary
Customer perception is a business policy which provides a vision for the way your
company wants to deal with customers. To deliver that vision, you need a
Customer perception strategy which gives shape to your sales, marketing, customer
services and data analysis activities.
Perception depends on complex functions of the nervous system,
but subjectively seems mostly effortless because this processing
happens outside conscious awareness.
For most companies the aim of CP strategy is to maximize profitable relationship
with customers by increasing the value of the relationship for both the vendor and
the customer.
I did my Live Research Project at Allied electronic and magnetic Pvt.Ltd. for
partial fulfillment of the requirements for MBA degree. During this period I was
assigned the Project to work on Customer perception towords to Allied
Electronic And Magnetic Pvt.Ltd. I developed a linker scale based
questionnaire analyzing the customer perception activities followed by company.
During the study I found that Organization is putting great efforts for managing
good relationship with customers so that it can increase its future prospects. I
found the management system of the company is highly effective and professional.
TABLE OF CONTENT
S.NO
CONTENT
Page No.
1.
COMPANY PROFILE
2.
INTRODUCTION OF COMPANY
8-11
3.
12-14
4.
5.
6.
7.
8.
9.
MANAGEMENT
RESEARCH METHODOLOGY
PRACTICAL ANALYSIS & INTERPRETATION
FINDINGS & CONCLUSION
SUGGESTION
BIBLOGRAPHY
ANNEXURE
15-16
17-28
29
30
31
32-33
Company Profile
Every Amkette product comes with extensive user warranties, not to mention
quick & effective after sales service. The company caters to millions of satisfied
customers and takes pride in its distribution network extending to 110 cities, 500
distributors and over 9000 retail outlets with 22 sales offices. Products are
available at all leading electronic & IT stores, Stationery outlets, Large Format
Retailers as well as popular Online Shopping Portals.
It is a public company registered on 24/01/1984. The company
has an authorized capital of Rs 1,00,00,000.00 and paid-up capital
of Rs 22,70,070.00.
Its registered office is situated at F-54 To 57, Sukher Industrial
Park, Udaipur, Rajasthan, India - 313001.
The status of company in the records of Registrar is active which
means that it is actively doing all its filing with the Registrar.
Company has currently 6 director and falls under the jurisdiction
of Registrar of Company-Jaipur.
Basic Details
Incorporation Date
Registration Number
8
24/01/1984
002879
Company Type
Listing Type
Public
Unlisted
Industry Category
Company Nature
Trading
Registering Authority
Indian Non-Government
Company
Registrar of Company-Jaipur
CAPITAL DETAILS
Paid-up Capital
Authorized Capital
Rs. 22,70,070.00
Rs. 1,00,00,000.00
Customer Perception
9
assess influences on the consumer from groups such as family, friends, reference
groups, and society in general.
Customer perception study is based on consumer buying behavior, with the
customer playing the three distinct roles of user, payer and buyer. Relationship
marketing is an influential asset for customer perception analysis as it has a keen
interest in the re-discovery of the true meaning of marketing through the reaffirmation of the importance of the customer or buyer. A greater importance is
also placed on consumer retention, customer relationship management
personalization, customization and one-to-one marketing. Social functions can be
categorized into social choice and welfare functions.
The project is research-based project done in accordance to find the consumer
perception about Electronic brands. Research based project focuses on exploratory
research where I tried to find out perception of consumers towards electronic and
determination of market potential.
Why Customer Perception Need
1. The Perceiver, the person who becomes aware about something and comes
to a final understanding. There are 3 factors that can influence his or her
perceptions: experience, motivational state and finally emotional state. In
different motivational or emotional states, the perceiver will react to or
perceive something in different ways. Also in different situations he or she
might employ a "perceptual defence" where they tend to "see what they
want to see".
2. The Target. This is the person who is being perceived or judged.
"Ambiguity or lack of information about a target leads to a greater need for
interpretation and addition."
3. The Situation also greatly influences perceptions because different
situations may call for additional information about the target.
Process of Perception
1. The process of perception begins with an object in the real world,
termed the distal stimulus or distal object.
11
12
7. The company should try to know all its customers including their lifestyles,
hobbies, likes and dislikes etc.
8. The company should make it a point to deliver more than what is promised.
Research Methodology
WHAT IS RESEARCH?
Research is common parlance refers to a search for knowledge. Once can also
define research as a scientific and systematic search for pertinent information on a
specific topic. In fact, research is an art of scientific investigation.
According to Redman and Mory A systematized effort to gain new knowledge.
WHAT IS METHODOLOGY?
13
1.
2.
3.
4.
Data Source
14
I have done the research on 50 people. I prepared the questionnaire & distribute it
all of them (50 people) and collect the data through filling the questionnaire on the
spot. In this way I used the method of questionnaire.
Research Instrument
The research instrument used in research was questionnaire, which was formatted
keeping in view the objectives and information needed for the analysis and
drawing conclusions.
Practical analysis and interpretation
Sample size =50
1. Overall, what is your reaction to the described product?
a) Poor
b) Fair
c) Good
Options
Respondents Respondents
in %
in No.
Poor
64
32
Fair
14
Good
22
11
Total
100
50
15
Respondents in %
22%
14%
Poor
64%
Fair
Good
.
In this chart 64% respondents buy the product for its reaction poor, while 64%
respondents buy the product for its fairty 22% and the rest of the 14% respondents
buy the product for its goodness.
Very Likely
Neither Likely Nor Unlikely
Somewhat Unlikely
Very Unlikely
Options
Respondents in %
Respondents in
2.
No.
Very Likely
Neither
24
12
Likely 36
18
Nor Unlikely
Somewhat
28
14
Very Unlikely
12
Total
100
50
Unlikely
16
Respondents in %
12%
28%
24%
36%
Very Likely
Somewhat Unlikely
Very Unlikely
In this chart 64% respondents buy the product recomanded very likely is 22%,
neither likely nor unlikely 36% respondents buy the product and somewhat likely
is 28%f and the rest of the12 % respondents buy the product for unlikely.
3. Age Group of the study ?
a) Below 25 yrs
b) 25-35 yrs
c) 35-45 yrs
d) Above 45 yrs
Options
Respondents in %
Respondents in
No.
Below 25 yrs
25-35 yrs
26
13
35-45 yrs
44
22
Above 45 yrs
22
11
Total
100
50
b) Price
c) Brand image
Options
Respondents in %
Respondents in No.
Quality
64
32
Price
14
Brand image
22
11
Total
100
50
Respondents in %
22%
14%
Quality
64%
Price
Brand image
In this chart 64% respondents buy the product for its quality, while 14%
respondents buy the product for its price and the rest of the 22% respondents buy
the product for its brand image.
a)
b)
c)
d)
Options
Respondents in %
Respondents in No.
28
14
44
22
24
12
month
Total
100
50
Respondents in %
0.04
0.24
0.28
0.44
In this chart 28% respondents use Once per week or more, while 44% respondents
use 2 to 3 times per month and the 24% respondents use Once per month and the
rest respondents use in 4% Less than once per month.
6.How long have you used our product?
19
a)
b)
c)
d)
Options
18
34
17
3- more years
18
Never used
12
Total
100
50
Respondents in %
12%
36%
18%
34%
Less than 6 months
3- more years
Never used
In this chart 36% respondent sell the product because there is requirement by the
customer, 34% sell the product because it increases their profitability, 18% sell the
product because it is easily available, and the rest 12% sell the product for all the
above reasons.
7. Comparing to other brand electronic product how is the price of Allied product?
20
a) High
b) Normal
c) Low
Options
Respondents in Respondents
%
in No.
High
30
15
Normal
56
28
Low
14
Total
100
50
Respondents in %
14%
High
30%
Normal
Low
56%
In this chart 30% respondents think that allied electronic price is higher than other
brands, while 565 respondents think that price is normal while rest of the 14%
respondents think that price is low as compared to other brands.
a)
b)
c)
d)
Always
Mostly
Sometime
Never
Options
Respondents in %
Respondents in No.
Always
28
14
Mostly
44
22
Sometime
24
12
Never
Total
100
50
Respondents in %
Always
4%
24%
28%
Mostly
Sometime
Never
44%
In this chart 28% respondents think there is always demand of the product, while
44% respondents think there is mostly demand for product, while 24% respondents
think there is sometime demand for the product and rest 4% respondents think that
there is no demand of the product in the market.
22
a)
b)
c)
d)
Poor
Fair
Average
Good
Options
Respondents in %
Respondents in No.
Poor
36
18
Fair
34
17
Average
18
Good
12
Total
100
50
Respondents in %
Poor
Fair
12%
36%
18%
Average
Good
34%
a)
b)
c)
d)
Poor
Fair
Average
Good
Options
Respondents in %
Respondents in No.
Poor
28
14
Fair
44
22
Average
24
12
Good
Total
100
50
Respondents in %
Poor
4%
28%
24%
Fair
Average
Good
44%
In this chart 36% respondent delivery performance to the customer, 28% is poor
the delivery performance ,44% is fair performance, and 24% performance is
average and the rest of good is 4% to the customer.
24
11. Compared with your expectations, how do you rate the quality of the products
supplied?
a)
b)
c)
d)
Poor
Fair
Average
Good
Options
Respondents in %
Respondents in No.
Poor
36
18
Fair
34
17
Average
18
Good
12
Total
100
50
Respondents in %
Poor
12%
Fair
36%
18%
Average
Good
34%
In this chart 36% respondent quality of products supplied to the customer, 36% is
poor the products supplied ,34% is fair supplied, and 18% performance is
average and the rest of good is 12% supplied.
25
Poor
Fair
Average
Good
Options
Respondents in Respondents
%
in
No.
Poor
Fair
26
13
Average
44
22
Good
22
11
Total
100
50
Respondents in %
22%
Poor
8%
Fair
26%
Average
Good
44%
In this chart 36% respondent reaction to the described product , 8% is poor the
described product ,26% is fair described product, and 44% performance described
product is average and the rest of good is 22% described product.
26
Options
Respondents in %
Respondents in No.
4
more
2 to 3 times per 26
13
month
Once per month
44
22
11
month
Total
100
50
Respondents in %
Once per week or
more
22%
2 to 3 times per
month
8%
26%
44%
27
In this chart 36% respondent use our product , 8% is Once per week or more,26%
is 2 to 3 times per month and 44% is Once per month and the rest of Less than
once per month is 22% .
14.What is your overall satisfaction rating with our company?
a)
b)
c)
d)
Very Satisfied
Satisfied
Neither Satisfied Nor Dissatisfied
Very Dissatisfied
Options
Respondents in %
Respondents in No.
Very Satisfied
36
18
Satisfied
34
17
18
Very Dissatisfied
12
Total
100
50
Respondents in %
12%
18% 36%
34%
Very Satisfied
Satisfied
Neither Satisfied Nor Dissatisfied
Very Dissatisfied
In this chart 64% respondents buy the product for very satisfied is 36%,
respondents buy the product for itsatisfied is 34%, neither satisfied nor dissatisfied
is 18% and the 12% respondents buy the product for very dissatisfied.
28
Options
Respondents in %
Respondents in No.
24
12
6-10 yrs
36
18
11-15 yrs
28
14
12
Total
100
50
Respondents in %
Less than 5 yrs
12%
24%
28%
6-10 yrs
11-15 yrs
More than 15 yrs
36%
29
In this chart the persons doing business for less than 5 yrs are 24%, persons doing
business for 6-10 yrs are 36%, persons doing business for 11-15 yrs are 28% and
the persons doing business for more than 15 yrs are 12%.
16.What is the mode of payment ?
a) Cash
b) Credit
Option
Respondents Respondents in
in %
No.
Cash
72
36
Credit
28
14
Total
100
50
Respondents in %
Cash
28%
Credit
72%
In this chart 72% used cash mode of payment and the rest 28% used cheque mode
of payment.
30
17. Does the company give any advertisement for product if yes through which
medium ?
a) T.V.
b) Radio
c) Newspaper
d) Magazine
e) Others
Options
Respondent Respondent
s in %
s in No.
T.V.
32
14
Radio
22
Newspape
24
12
Magazine
Others
32
16
Total
100
50
31
Respondents in %
T.V.
Radio
32%
32%
Newspaper
Magazine
4%
8%
Others
24%
In this chart 32% respondents think that company give advertisement through T.V.,
4% think that through radio, 24% think that through newspaper, 8% think that
through magazine and rest 32% think that company used any other medium for
advertisement.
32
Respond are of the opinion that among all the media television is the most
powerful media followed by hoarding and wall painting which every common man
can see. So company should have to utilize them as much as possible.
I found company is poor in providing services such as timely small deliveries
regular visits and gift items etc.
The company should focus more on sales promotion, advertisement and public
relations.
The network spread of Allied electronic is good in Udaipur which can be act as its
strength.
If we check out the perception level of respondent with respect to quality of Allied
electronic than we found that 64% respondent are in favour of Allied electronic and
told that it has excellent quality. So company can also see this as its strength as
compared to other brands in market.
Respondents opinion regarding price is reasonable according to quality.
It was found that company has very good brand image in the respondents mind.
Respondents are satisfied with the price.
33
Suggestions
Based upon the time spend by me in the market, useful suggestions of the
customers and the findings from the survey, following recommendations can be
suggested for increasing the brand awareness and perception with customers of
Allied electronic pvt. Ltd.
Company should develop its R&D department as per market requirement.
Company should increase availability by which it can increase the sales and brand
image.
As we all know the cement industry is growing rapidly so company improve
supply to capture maximum market share.
Company should start its internal call centre by which customers can directly
interact with the company experts.
Marketing and advertisement services should be improved in order to improve
awareness as well as relationship with customers. Like trade allowances, trade
shows, electronic products etc.
What matters for the electronic products buyers is the price of electronic products
and the quality of the product and promotion while visiting to the market buyers
not only look for the price but also personal touch matters a lot and company need
to improve it.
Company should try to introduce new product range.
Company should develop business status with public relations by participating in
local conferences this will help to promote the brand.
34
Bibliography
1. www.moneycontrol.com
2. www.google.com
3. www.slideshare.com
4. www.wikepedia.com
35
Very Likely
Neither Likely Nor Unlikely
Somewhat Unlikely
Very Unlikely
Very Satisfied
Satisfied
Neither Satisfied Nor Dissatisfied
Very Dissatisfied
36
7. Comparing to other brand electronic product how is the price of Allied product?
a) High
b) Normal
c) Low
8.When do consumers generally create demand for the electronic product?
a)
b)
c)
d)
Always
Mostly
Sometime
Never
Poor
Fair
Average
Good
Poor
Fair
Average
Good
11. Compared with your expectations, how do you rate the quality of the products
supplied?
37
a)
b)
c)
d)
Poor
Fair
Average
Good
Poor
Fair
Average
Good
Very Satisfied
Satisfied
Neither Satisfied Nor Dissatisfied
Very Dissatisfied
38
17. Does the company give any advertisement for product if yes through which
medium ?
a) T.V.
b) Radio
c) Newspaper
d) Magazine
e) Others
39