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Year: T.Y.B.B.A. Roll N0.: 68 Seat No.: Academic Year 2008-2009 College Shree J.H.Bhalodia Womens College,Rajkot Submitted to Saurashtra University Guided By Prof. Smita C. Vyas
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DECLARATION
I the Undersigned Miss Rachh Khyati J. as student of T.Y.B.B.A. from J.H.Bhalodia Womens College Here declared that the project work presented in this report is my own work and has been accomplished under the kind supervision of Prof.Smita C. Vyas of our collage. This work has not been submitted to any other University for examination.
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Preface
It can never be possible to make a mark in todays competitive business world only on the basis of theoretical knowledge. Practical study is very important for practical knowledge purpose Education can build the power of knowledge but to win in the competitive world, must be practical. As a student of T.Y.B.B.A. particularly of marketing, we are assigned to prepare a report on one of the topics of market segmentation. In this subject we have 100 marks besides that we have to prepare a project report in service sector company.
I am extremely happy to submit this project report on market segmentation. It is the modern way to develop enterprenure skill, ability and attitude.
Date: Place:
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ACKNOWLEDGEMENT
I feel pleasure in submitting this report as a part of my B.B.A. studies. As a management student practical studies plays an important role and it is bridges between theories that we are studying and practical implementation since between this two found vast differences. I have precious guidance and support from my worth B.B.A. Prof. Smita Vyas that very useful to the during the preparation of this report. I am also thankful to those persons who are very useful to me during the preparation of this project report.
I also thankful to our professors & teachers who helps and guided me for projects subject matters. i.e. Marketing
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Signature INDEX
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Sr. No. 1 2 3 4 5 6 7 8 9
Particulars
GENERAL INFORMATION MARKETING DEPARTMENTS MARKET SEGMENTATION RESEARCH METHODOLOGY CONSUMER SURVEY REPORT FUTURE PLANS SUGGESTIONS CONCLUSION BIBLIOGRAPHY 6
Page No
13 19 42 47 59 61 63 65
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INDEX
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Sr. No. 1 2 3 4 5
Particulars
INTRODUCTIONS HISTORY & DEVELOPMENT OF COMPANY ARCHIES AT GLANCE ORGANISATION CHART GIFT & GREETINGS BUSINESS
Page No 8 9 10 11 12
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Introduction
The vision with creative insight is of great significance in the field of the management & the business. The marketing management needs to be must creative in its vision to the management of the customers. To achieve the business goals the roadways to the customers heart would be known. The business of gift & greetings is one of such business. This is the business which serves The most special way to say you care. When you want to express your felling, you want to great someone on some special occasion, when you like some body, this is the best way to materialize the feeling & express it in words. One would definitely seek for the product that simplifies the communication of feelings. The handiest products are gifts & greeting cards. Archies says you care i.e. every feelings or emotion that comes within us can be expressed through Archies cards & gifts easily. It is an general hard to express otherwise feelings and emotions without Archies is rightly said by many of youngsters in India.
A Dream A Vision A Belief In the year 1970, a young man graduated from Ramjas College, Delhi University, and like any other fresh graduate, he was filled with the burning desire to achieve something big in life He was belonging to a business family, involved in the trade where one of this regular customer is presented him with two posters purchased from U.S.A. These, he displayed in the sari shop. This young man started putting posters for sales at the sari shop. He felt that if the sales of the posters were such a success in the sari shop, may be he could take up a full time corner. It was the momentous decision of this young man which eventually laid the foundation of an industry that sells happiness. This is how Archies was born. This young man did not know how life would chart its course, but he has a dream, a vision, and a belief and this is what kept him going, and reach to achieve milestones in his journey of 20 eventful years. This man is Mr.Anil Moolchandani.
Archies at a Glance
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a) b)
Asias and Indias No. 1 Card Company. 100% Indian Co. with foreign collaborations under its name Archies. They are Paper Rose, Expressions, & Kingsley. Paper Magic, Fine
c)
d)
It is also providing free sale service & donates fund through the sale of Helping India cards. It is the largest producer & seller of greeting cards in India & Asia. Co. having a very high share price maintaining the level along with other share of A group companies. It has the largest & skillful staff, executive officers, printers and management in India for the card industry. More than 400 franchise outlets of Archies Gallery & Archies the card shop in Asia which is in itself the No. 1 in any field throughout Asia.
e)
f)
g)
h)
Organization Chart
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Heads
Franchise Division
Head Office
Paper Rose
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Marketing mix is the set of controllable variable that a firm can use to influence the buyers response within a given marketing environment, which consist of political,social,cultural,economical & other factors .The blends of these ingredients constitute the marketing mix will be changing environment factors.The elements of variable that market up a marketing mix are only ups they are . (a)Decision on product (b)Decision on price (c)Decision on place (d)Decision on promotion Archies have to select specific marketing targets in the form of market segment for each segment types of marketing activities that are co-ordinate into a single marketing programmer to reach a particular target. The combination of this marketing device is known as marketing mix. Archies believes that their product services must enrich peoples lives & enhance their concept ,product & services are essential to their success.
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1.Product mix
Product is a bundle of utilities accomplete by various services & product features that satisfy customers needs at given cost. Archies product are also constantly involving & reflect cultural changes ,fashion trends ,customers demand brand name is the sign ,symbol, design or a mix of there used in identifies the product of any firm to distinguish it from the competitive product. Greetingcards help people to communicate their feelings.They are symbol of expressing love ,thoughtfulness & the whole interest of human feelings. And every person feels that you can get it only through archies product & its famous slogan is ,The most special way to say you care. Quality is the most important aspect so far as the success of any company .According to Archies quality is not just physical satisfaction or approval but the customer in mentally satisfied & happy to what he pay & what he get in qualitative,physical & menatal terms.
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Archies believes that there is no competition in design for Archies product in Archies from two inches to thirty inches in legth cards are available in general,six to ten inches cards are found in the market & are focused more also. In Archies, there are different types of covers are used to pack card & also found paper bags ,colorful boxes,funny packing are all available to the matched products.
2.Price mix
Price is the value of the product its attributes & its utility. It is always expressed in monetary terms. It includes not just the cost of production &distribution but also profit .Thus, Price = cost + profit Some specific objectives of Archiess pricing may by noted below. 1. 2. 3. 4. 5. Supervival Maximum current profit. Current Revenue Maximum sales growth Maximum market skimming.
Archies before setting price also considers the reaction of other parties such as dealers,distributors, competitors etc.
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Archies do not believes in such discount because it has covered sufficient market share through its best quality.
3. Place mix:Place is the key component of marketing mix. It is very important for the company because without distribution a company can not sell its product. Archies has 400 gallaries nearly 200 wholesalers & thousands retailers. It transports management is closely related with the size of warehouses. It has covered whole area of India & other countries like Sri-lanka , Dubai & all over asia.
4. Promotion mix
Promotion includes all the activities that undertakes to communicates.Its product advantages & to influence target customer to buy them. It includes personal selling,sales promotion,advertising & publicity.It also includes packaging,perception & persistence.
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Personal selling refers to oral & face to face communication by sales representatives with one or more prospective customer for the purpose of making sales. Any paid form of non-personal presentation & promotion of ideas,goodsor services by an identified sponsor.The main objectives of Archies to increase the sales ,to make a brand image, to educate, inform & guide the people, to promote the new product & to bring immediate buying action. Sales promotion consists of a aiverse collection of incentive tools,mostly shortterm,designed to stimulate quicker or greater purchase of particular product or services by consumer or treders. Archies alsom acdepted this tool of sales promotion very effectively. There are various complementary gifts are available to customers & various by them during every visit or every season that is new.
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INDEX
Sr. No. 1 2 3 4 5 6 7 8 9 10 Particulars
INTRODUCTIONS MARKET SEGMENTATION SELECTION OF TARGET MARKET VARIABLE FOR CONSUMERS MARKET BENEFITS OF MARKET SEGMENTATION CREATING COMPETITIVE ADVANTAGES CREATING APPEAL GENERATING RESPONSE QUALITY OF GOOD MARKET SEGMENTATION RANGE OF CARDS
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Page No 21 22 24 25 29 30 31 32 33 34
Introduction
A market segment consists of a group of customers who share a similar set of wants. Segment and sector is difference things. a card company might say that it will target young-middle cards buyers. The problem is that young. Middle-income cards buyers will differ about what they need and want in cards. Young, middle-income cards buyers is a sector, not a segment. Here I am try to derived archies gallery in different market segment, which is as follow. Market segmentation are divided in mainly four bases, which is as follows, Geographic segmentation Psychographic segmentation Behavioral segmentation Demographic segmentation
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Market Segmentation
Geographic Segmentation
Geographic segmentation calls for dividing the market into different geographical units such as nations, states, regions, countries, cities, or neighborhoods. The company can operate in one or a few geographic areas, or operate in all but pay attention to local variations. For example, Hilton Hotels customizes rooms and lobbies according to the location of its hotels. Northeastern hotels are sleeker and more cosmopolitan. Southwestern hotels are more rustic. Take, for example, Campbell soup, an experienced region marketer. Since 1994, the company has marketed its Pace Picante sauce regionally. People in the southwest do not need to be told that Picante is a cooking ingredient, whereas northerners confuse it with salsa. The packaging, communication, and marketing effort are more educational in the North. More and more regional marketing means marketing right down to a specific zip code.
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Psychographic Segmentation
In psychographic segmentation, buyers are divided into different groups on the basis of lifestyle or personality or values. People within the same demographic group can exhibit very different psychographic profiles. Behavioral Segmentation
In behavioral segmentation, buyers are divided into groups on the basis of their knowledge of, attitude toward, use of, or response to a product. Many marketers believe that behavioral variables-occasions, benefits, user status, usage rate, loyalty status, buyer-readiness stage, and attitude-are the best starting points for constructing market segments. Demographic segmentation
In demographic segmentation, the market is divided into groups on the basis of variables such as age, family size, family life cycle, gender, income, occupation, education, religion, generation, nationality, and social class. Demographic variables are the most popular base for distinguishing customer groups. One reason is that consumer wants, preferences, and usage rates are often associated with demographic variables. Another is that demographic variables are easier to measure. Even when the target market is described in nondemographic terms, the
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link back to demographic characteristics is needed in order to estimate the size of the market and the media that should be used the reach it efficiently.
SELECTION OF TARGET MARKET To select a target market a company has to pass through 3 major steps. 1. MARKET SEGMENTATION : Identifying segmentation variable & segment the market. Develop profiles of resulting segment. 2. MARKET TARGETING : Evaluate the attractiveness of each segment. Select the target segment. 3. PRODUCT POSITIONING : Identifying possible positioning concept for each target segment. Select, develop & communicate the chosen positioning concept.
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City or metro
Density Climate
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Demographic Age Family size Life cycle under 6,6-11, 12-19, 20-34, 35-49, 50-64, 64+ 1-2, 3-4, 5+ young, single; young, married, no children; young, married youngest child under 6; young, married, youngest child 6 or over; older, married, with children; older, married, no children under 18; older, single; other Male, Female under 10000, 10000-20000; 20000-30000; 30000-50000; 50000-70000; 70000100000. Professional and technical, managers, officials, and proprietors, clerical sales, homemakers, unemployed. educated and non-educated Hindu, Catholic, Muslim, Other White, Black, Asian, Hispanic Baby boomers, Generation Xers
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Gender Income
Occupation
Indian, Japanese, French, American, Other Lower level, Upper level, Working class, middle class, upper middles, lower uppers, upper uppers.
Psychological Life style Culture-oriented, sports-oriented, outdoororiented Compulsive, ambitious gregarious, authoritarian,
Personality
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Behavioral Occasions Benefits User status Regular occasion, special occasion Quality, service, economy, speed Nonuser, ex-user, potential user, first-time user, regular user Light user, medium user, heavy user None, medium, strong, absolute Unaware, aware, informed, interested
Usage rate
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Value based segmentation is the first segmentation scheme that uncovers the "hot button" for each customer. It is comprehensive, resulting in a score for every customer in the database. This means we can sell to the sweet spot of all customers, not just those customer whom we surveyed. Value based segmentation works in concert with data mining. Data mining alone matches a person to a product. With value based segmentation we can match a person to a product to a pitch. It enhances data mining targeting because the valuebased segment score can act as a strong predictor of the behavior that the data mining model is attempting to predict.
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Knowing ones competitors critical to effective marketing planning. A company must constantly compare its products, prices, channels, demand, policies, and programmes with those of its identify areas of competitive advantage and disadvantage.
Though there is tough competition in this line of cards. Still Archies is NO. 1 in market share, its product, its competition, its demand, its policies, designs and ideas than that of Hallmark and other card companies traders with Archies products never for any other companies products complementary to Archies.
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Creating Appeal
Others strategy
Simple Background Precise Description Simple paper is used
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Generating Response
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There are many ways to segment a market. However, all segmentations are not effective. The quality of good market segmentation are :
1.
2.
3.
4.
divides the total market into the segment for which effective
programmes can be formulated for attracting & serving the target customer.
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BIRTHDAY CARDS
GENERAL BDAY CARDS FRIEND BDAY CARDS BROTHER BDAY CARDS SISTER BDAY CARDS FATHER BDAY CARDS MOTHER BDAY CARDS UNCLE BDAY CARDS AUNT BDAY CARDS SON BDAY CARDS DAUGHTER BDAY CARDS NEPHEW BDAY CARDS BROTHER-IN-LAW BDAY CARDS SISTER-IN-LAW BDAY CARDS MOTHER-IN-LAW BDAY CARDS FATHER-IN-LAW BDAY CARDS SON-IN-LAW BDAY CARDS GRAND FATHER BDAY CARDS GRAND MOTHER BDAY CARDS WIFE BDAY CARDS HUSBAND BDAY CARDS FIANCEE BDAY CARDS TEACHER BDAY CARDS
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DAY CARDS
MOTHERS DAY CARDS FATHERS DAY CARDS FRIENDSHIP DAY CARDS AUG. 1ST SUN VALENTINES DAY CARDS 14TH FEB NAVROZ DAY CARDS DOCTORS DAY CARDS 1ST JULY EASTER DAY CARDS APRILFOOL DAY CARDS 1ST APRIL NAVRATRI GARBA CARDS SANKRANTI DAY CARDS 14TH JAN HOLI CARDS RAKHI CARDS CHRISTMAS CARDS 25TH DEC. NEW YEAR CARD 1ST JAN. DIWALI CARDS BHAI BIJ DAY CARDS (BROTHERS DAY) PATETI CARDS EID CARDS BOSS DAY CARDS 16TH OCT. ROSE DAY CARDS HUSBANDS DAY CARDS (KARVA CHAUTH) WIFES DAY CARDS 8TH MARCH. - 37 -
GENERAL CARDS
LOVE CARDS HUSBAND GENERAL CARDS WIFE GENERAL CARDS SISTER GENERAL CARDS BROTHER GENERAL CARDS FATHER GENERAL CARDS MOTHER GENERAL CARDS PARENTS GENERAL CARDS TEACHER GENERAL CARDS FRIEND GENERAL CARDS SON GENERAL CARDS FIANCE GENERAL CARDS FIANCEE GENERAL
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I. II.
Primary data: Primary data was collected to know the usage of the media by the consumers, emphasis given by them on particular media, brand awareness from the particular media for all the 3 categories. Primary data are those, which are collected for the first time, and they are original in character. A suitable combination of Questionnaire techniques, Personal interviews & discussions with the respondents was used to collect the required Primary data. Primary data gives higher accuracy and facts, which is very helpful for any research and its findings. Secondary data: The secondary data are those, which are already collected by someone for some purpose and are available for the present study. Secondary data was collected from the magazines, websites and other such sources.
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Research Design
1) Purpose of the study : Descriptive To get the answers of what, when, who, how, how much the study is to be carried out which is descriptive in nature. Here, we have to find out the optimal mix of communication tools and what is the effectiveness of the tools.
2)
Time Dimension: Cross-sectional Cross sectional studies are those which are conduct only once for specific snap shot. Here, as per the defined objective the study will be conducted only once for the 1.5 months. Due to time constraint the longitudinal study is not possible.
3)
Topical Scope: Statistical study Here, we can use the statistical study for research. Because statistical data will give some concrete results for the objective defined and statistical techniques can also be ascribe for the effective result. In survey we will have to take samples from the population and study of those samples can be evaluated as a representative of the population.
4)
Tools for Research: Questionnaire Here, the tool for the research is questionnaire in which some questions regarding the communication tools, which
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currently organization is using and are they really effective, or not for them.
5)
Research Environment: Field The research will be conducted with the help of the questionnaires on the field. The customers who are away from the ISCON mall are the people who will fill up the questionnaires, so that I can came to know how many of them are aware of the ISCON mall and that is why the field environment is preferable.
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Questionnaire
I am student of T.Y.B.B.A. as a partial fulfillment of acourse, I have undertaken a consumer survey report of ARCHIES LTD. You are requested to spare few minutes for this questionnaire. Your value d opinion will be most useful in completing the project work. Kind co-operation will be highly obliged.
Please give the answer to the questions given below. 1) NAME : 2) GENDER 3) Age ____________________________________ : : ( ) Male ( ) 1-18 ( ) 30-50 ( ) Female ( ) 18-30 ( ) 50-above
6) Do you think that cards & gifts are the best medium to Share emotions?
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: ( ) yes ( ) no 7) List out main cards & gifts company? : 1) ______________ 3) ______________ 2) _____________ 4) _____________
8) Have you purchased any card & gift in past? : ( ) Yes ( ) No 9) If you want to buy any card & gift , which company you will buy? : ( ) Archies ( ) Hall mark ( ) Others_____ ( ) Feelings 10) Rank the following gift as per your likings? : ( ) Cards ( ) Gifts 11) What do you like most in archies cards & gifts( give rank). : ( ) Design ( ) Writings ( ) Out look ( ) Other__________ 12) Rank the following cards as per your likings. : ( ) Musical card ( ) Fragrance card ( ) Simple card ( ) Others__________ 13) Are you satisfied with variety of cards & gifts offered Archies?
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by
( ) Yes
( ) No
14) For which occasion would you like to purchase cards. : ___________________________________ ___________________________________ 15) For which occasion would you like to give gift. : ___________________________________ ___________________________________ 16) Suggest your preference for school going student? : ( ) Teachers day card ( ) Bags ( ) Cards with game ( ) Lunch box 17) Suggest your preference for young generation. : ( ) Valentine card ( ) Friendship card ( ) Watch ( ) Perfumes 18) Suggest your preference for old age people. : ( ) Get well soon cards ( ) cards for completing no. of years ( ) Others_____________ 19) Suggest your preference for corporate field. : ( ) Paper mate ( ) Pen ( ) Stationary items ( ) Other________ 20) Where as per your opinion is there to add any type of card in Archies gallery?
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( ) Yes
( ) No
21) If, yes than specify your view__________________ ________________________________________ 22) Do you want addition of new type of gifts in archies. : ( ) Yes ( ) No 23) If, yes than specify your view___________________ _________________________________________ 24) Do you consider price as a important feature in buying card & gift? : ( ) Yes ( ) No 25) Are you satisfied with price & quality of Archies gallery? : ( ) Yes ( ) No
26) Are you satisfied with no. of gallery available in Rajkot? : ( ) Yes ( ) No
( ( ( (
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Series1 Series2
Interpretation:
The above chart shows that 88% people are accept that cards and gifts are the best medium for sharing the emotions and 12% people are avoid the cards and gifts for sharing the emotions
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Yes No
74% 26%
8 0 7 0 6 0 5 0 4 0 3 0 2 0 1 0 0 Ys e N o S rie e s1
Interpretation:
The above chart shows that 74% people are purchased a cards and gifts and 26 % people are not purchased any cards and gifts on any occasion.
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3) Are you satisfied with variety of cards and gifts offered by archies?
Yes No
80% 70% 60% 50% 40% 30% 20% 10% 0% Yes No
73% 27%
Series1
Interpretation:
The above chart shows that people are satisfied with cards and gifts..
Interpretation:
The above chart shows that people are interested in Purchasing cards for different occasion.
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yes no
65% 35%
70 60 50 40 30 20 10 0 yes no Series1
Interpretation:
From the above chart we can say that requirement of new gallery is not much more in Rajkot..
Kalavad road University road Swaminarayan chowk Near race course Gokuldham
35 30 25 20 15 10 5 0 1 2 3 4 5 6 Series2 Series1
Interpretation:
From the above chart we can find out the total requirement for new gallery at a particular place.
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Future Plans
Company wants to increase the sales in Indian market as well as foreign market. As Cards & Gifts market is boosting and on the other hand competition is also increasing day by day, the company has to put continuous efforts on sales promotion activities. Moreover, they have to satisfy the demand of the customer at any cost. So that continuous changes in design and improvement in quality is essential for the better sales promotion to compete in the market.
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SUGGESTIONS :
After the pratical training in ARCHIES LTD., a study of its market segmentation, I personally feel to give some suggestins to the management of the company. So that it might help them in achieving their organizational goals. 1. No doubt the company enjoys a good market share for its card products, but it should also try to increase the sales of its other products also. 2. The company should adopt the adverisement medias of telvisin & radio, as it modern era these medias bring instant awareness about the products & induce the customers to purchase them. This will help the firm to expand & flourish its business.
3. In order to increase the sales & expand the market, the company should appoint more sales people in different areas. 4. ARCHIES LTD., should make a prpper market research, a consumer survey & study the need & wants of the consumers & accordingly introduce any new products.
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Conclusion
Conclusion is the last thing to do after diagnosis the company. The marketing at Archies has the spark to fire on the marketing front. It has the vision to reach the success from the air and intelligence to produce the success through innovations. Its strategies, programs, innovations, style & designs of the cards and type of gift articles are most suitable to the dynamic era and it has a smooth path to travel on the marketing front. Its approach is resulted to the consumer value chain and customer delight which provides the instance to the many marketers to succeed. Instead of enlarging the discussion, we may conclude that Archies is take a flexi pack of what you want for your feelings and heartily words to say someone about anything & everything. Thats why all say that Archies cards are.. The most special way to say you care.
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Bibliography
Reference Books:
Marketing Management -by Phillip Kotler Consumer Behavior by Luck & Rubin
Websites:
www.archisegallary.com www.consumer.com
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