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This document appears to be a student's summer training report submitted for their MBA program. It includes various sections like the executive summary, introduction, methodology, data analysis, conclusion, and recommendations. The report focuses on measuring customer satisfaction levels at Big Bazaar stores. It was conducted by Biswajit Mishra under the guidance of their faculty guide Satyabrata Sahu and corporate guide Chirag Gandhi from Big Bazaar. Various certificates affirming the project and guide supervision are also included.
This document appears to be a student's summer training report submitted for their MBA program. It includes various sections like the executive summary, introduction, methodology, data analysis, conclusion, and recommendations. The report focuses on measuring customer satisfaction levels at Big Bazaar stores. It was conducted by Biswajit Mishra under the guidance of their faculty guide Satyabrata Sahu and corporate guide Chirag Gandhi from Big Bazaar. Various certificates affirming the project and guide supervision are also included.
This document appears to be a student's summer training report submitted for their MBA program. It includes various sections like the executive summary, introduction, methodology, data analysis, conclusion, and recommendations. The report focuses on measuring customer satisfaction levels at Big Bazaar stores. It was conducted by Biswajit Mishra under the guidance of their faculty guide Satyabrata Sahu and corporate guide Chirag Gandhi from Big Bazaar. Various certificates affirming the project and guide supervision are also included.
SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09
DDCE, SAMBALPUR UNIVERSITY 1
(A study to know about the level of Satisfaction of Customers at Big Bazaar) AREA- BIG BAZAR (PRIL) (FORUM MART, 89 Kharvel Nagar Unit-iii, BBSR)
Submitted by Biswajit Mishra Roll No : 10MBA640 Regd. No. : 23/604/09
Faculty Guide Satyabrata Sahu NICE, TALCHER
Corporate Guide Chirag Gandhi (Assistant Store Manager, Big Bazaar)
DDCE, SAMBALPUR UNIVERSITY
SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 2
EXAMINER CERTIFICATE
This summer training report is submitted by Biswajit Mishra of MBA 1st Year bearing the Roll No. 10MBA640 under DDCE, Sambalpur University and forwarded for evaluation.
Internal Examiner External Examiner
SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 3
DECLARATION
I do hereby declare that the project report submitted by me for the partial fulfillment of the course post graduate program in retail management is genuine and of my own and it is not submitted to any other institution or published any where before .
Biswajit Mishra
SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 4
CERTIFICATE FROM ORGANIZATION
This is to certify that the summer project entitled, Measuring Customer Satisfaction Index, with Special reference to Big Bazaar is a Bonafied record of Interim report carried out by Biswajit Mishra at NICE, TALCHER Bearing Roll No - 10MBA640 of has successfully completed his project for the partial fulfillment of MBA. He has worked sincerely in this duration and has completed the summer project successfully. We wish him all the best in his career.
Mr. Chirag Gandhi Store Manager, Big Bazaar
SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 5
CERTIFICATE OF GUIDE
This is to certify that the summer project entitled, MEASURING CUSTOMER SATISFACTION INDEX at Big Bazaar, Abids, is a Bonafied record of Interim report carried out By Biswajit Mishra at NICE, TALCHER for the partial fulfillment of MBA. The above summer training report has been prepared under my guidance and based on the data collected & analysed, it seems that this work is his own.
Satyabrata Sahu Faculty, MBA Dept. NICE, Talcher
SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 6
ACKNOWLEDGEMENT
Like everyone else, I owe much more than I can ever repay to certain people who have guided me to make this Summer Internship Project successful. A Project report is not an outcome of a single person but also a team work. So I am thankful to all those persons who have imparted their valuable cooperation throughout the project.
I would like to take this opportunity to convey my thanks to NICE TALCHER who provided me a golden chance for SIP in BIG BAZAAR, BHUBANESWAR. My regards to my faculty guide SATYABRATA SAHU for guiding me in every steps and clarifying the doubts in the area of my project study
I would also like to place an indebted thanks to my corporate guide Chirag Gandhi (Asst. Store Manager) for sparing their valuable time and showing the right direction, support and providing the resources data, despite their busy schedule.
Last but not least, Im very thankful to Big Bazaar (PRIL) and all the employees of Big Bazaar BHUBANESWAR for helping me in resolving every issue.
Biswajit Mishra
SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 7
CERTIFICATE OF APPROVAL
This is to certify that the summer training report entitled: Measuring Customer Satisfaction Index
Submitted by Biswajit Mishra (Enr. No 23/604/09), Sambalpur University, Burla towards partial fulfillment of the requirements for the award of the degree of Master of Business Administration (MBA) is a bona fide record of the work carried out by him under the able guidance of Satyabrata Sahu, Faculty, NICE, TALCHER.
(Approval of the center director) Center Director
SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 8
ON THE JOB TRAINING
OBJECTIVE
To be a practical exposure in a corporate as to gain knowledge experience and skill.
To know actual need and expectation of the customer
To know the satisfaction level of customer at all touch point at big bazaar
To gain knowledge about every section and maintain good relation with store employee
To generate sales of the store by applying every skill that I have learned from the institution
LIMITATION
Because we are not the internal employee so all operation procedures are not provided to us.
SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 9
Executive summary
Satisfied employees create satisfied customers, and dissatisfied employees result in negative customer experiences. Because of the immediate, close-up nature of employee-customer interactions within retail stores, you cannot afford to have front-line employees that are unmotivated and dissatisfied. With the proliferation of retail stores in every market, consumers have many choices about where to shop. At the same time, employees have many choices about where to work. With soft sales growth in most retail segments, the cost of turnover is becoming increasingly detrimental to the bottom line. Methodology is defined as "the analysis of the principles of methods, rules, and postulates employed by a discipline" which I have adopted it the time of analysis. Analysis through tabulation, computation and graphical representation of data collected from questionnaire and survey. As we know that only analysis and conclusion is not the end of a research, the recommendation part is covered which are made after a depth study of the analysis part of thesis. In each of the five chapters as described above, every chapter has been scheduled in a manner so as to enable the reader to appreciate the contents easily. The report is supported by figures and data wherever necessary with a view to assist the reader in developing a clear cut understanding of the topic. I hope this report will be extremely useful for those it is meant. Constructive and healthy suggestions for improvements of the report will be great fully appreciated
SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 10
CONTENTS
I ntroduction Company background About my topic Objective of the study Methodology Analysis of data Graphical representation Analysis table` and findings Conclusion Recommendation Bibliography
SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 11
SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 12
Company profile- Pantaloon Retail (India) Ltd. The Company's principal activity is to operate chain retails stores in names of Big Bazaar, Food Bazaar, Central and Pantaloons. The Big Bazaar is the discount store which offers a wide range of products under one roof. The products include apparels and non-apparels such as utensils, sports goods and footwear. The Company also has its presence into gold retailing by launching Gold Bazaar. The Company's Food Bazaar provides a range of food and grocery products ranging from fresh fruits and vegetables, staples, FMCG products and ready-to-cook products. The Central offers a chain of stores including books and music stores, global brands in fashion, sports and lifestyle accessories, grocery store and restaurants. The Pantaloon retail stores focus largely apparels and accessories
Pantaloon Retail (India) Limited, is Indias leading retailer that operates multiple retail formats in both the value and lifestyle segment of the Indian consumer marker. Headquartered in Mumbai (Bombay), the company operates over 5 million square feet of retail space, has over 450 stores across 40 cities in India and employs over 18,000 people. The companys leading formats include Pantaloons, a chain of fashion outlets, Big Bazaar, a uniquely Indian hypermarket chain, Food Bazaar, a supermarket chain, blends the look, touch and feel of Indian bazaars with aspects of modern retail like choice, convenience and quality and Central, a chain of seamless destination malls. Some of its other formats include, Depot, Shoe Factory, Brand SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 13
Factory, Blue Sky, Fashion Station, aLL, Top 10, mBazaar and Star and Sitara. The company also operates an online portal, futurebazaar.com. A subsidiary company, Home Solutions Retail (India) Limited, operates Home Town, a large-format home solutions store, Collection i, selling home furniture products and E-Zone focused on catering to the consumer electronics segment. Pantaloon Retail was recently awarded the International Retailer of the Year 2007 by the US-based National Retail Federation (NRF) and the Emerging Market Retailer of the Year 2007 at the World Retail Congress held in Barcelona.
Pantaloon Retail is the flagship company of Future Group, a business group catering to the entire Indian consumption space Future Group Future Group is Indias leading business group that caters to the entire Indian consumption space. Led by Mr. Kishore Biyani, the Future Group operates through six verticals: Retail, Capital, Brands, Space, Media and Logistics. Apart from Pantaloon Retail, the groups presence in the retail space is complemented by group companies, Indus League Clothing, which owns leading apparel brands like Indigo Nation, Scullers and Urban Yoga, and Galaxy Entertainment Limited that operates Bowling Co, Sports Bar, F123 and Brew Bar. The groups joint venture partners include French retailer ETAM group, US- based stationary products retailer, Staples and UK-based Lee Cooper. Group company, Planet Retail, owns and operates the franchisee of international brands like Marks & Spencer, Next, Debenhams and Guess in India. The groups Indian joint venture partners include, Manipal Healthcare, Talwalkars, Blue Foods and Liberty Shoes. Future Capital Holdings, the groups financial arm, focusses on asset management and consumer credit. It manages assets worth over $1 billion that are being invested in developing retail real estate and consumer-related brands SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 14
and hotels. The group has launched a consumer credit and financial supermarket format, Future Money and soon plans to offer insurance products through a joint venture with Italian insurance major, Generali. The group is currently developing over 50 malls and consumption focusing on mall management with Singapore-based CapitaLand, one of Asias largest property companies. Future Groups vision is to, deliver Everything, Everywhere, Everytime to Every Indian Consumer in the most profitable manner. The group considers Indian- ness as a core value and its corporate credo is - Rewrite rules, Retain values Future Group Manifesto Future the word which signifies optimism, growth, achievement, strength, beauty, rewards and perfection. Future encourages us to explore areas yet unexplored, write rules yet unwritten; create new opportunities and new successes. To strive for a glorious future brings to us our strength, our ability to learn, unlearn and re-learn, our ability to evolve. We, in Future Group, will not wait for the Future to unfold itself but create future scenarios in the consumer space and facilitate consumption because consumption is development. Thereby, we will effect socio-economic development for our customers, employees, shareholders, associates and partners. Our customers will not just get what they need, but also get them where, how and when they need. We will not just post satisfactory results, we will write success stories. We will not just operate efficiently in the Indian economy, we will evolve it. We will not just spot trends, we will set trends by marrying our understanding of the Indian consumer to their needs of tomorrow.
Group Vision SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 15
Future Group shall deliver Everything, Everywhere, Everytime for Every Indian Consumer in the most profitable manner Group Mission We share the vision and belief that our customers and stakeholders shall be served only by creating and executing future scenarios in the consumption space leading to economic development We will be the trendsetters in evolving delivery formats, creating retail realty, making consumption affordable for all customer segments for classes and for masses. We shall infuse Indian brands with confidence and renewed ambition. We shall be efficient, cost- conscious and committed to quality in whatever we do. We shall ensure that our positive attitude, sincerity, humility and united determination shall be the driving force to make us successful Core Values Indian ness: confidence in ourselves. Leadership: to be a leader, both in thought and business. Respect & Humility: to respect every individual and be humble in our conduct. Introspection: leading to purposeful thinking. Openness: to be open and receptive to new ideas, knowledge and information. Valuing and Nurturing Relationships: to build long term relationships. Simplicity & Positivity: Simplicity and positivity in our thought, business and action. Adaptability: to be flexible and adaptable, to meet challenges. Flow: to respect and understand the universal laws of nature
AWARDS AND RECOGNITION SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 16
National Retail Federation Awards International Retailer for the Year 2007 Pantaloon Retail (India) Ltd The National Retail Federation is the worlds largest retail trade association with over 1.4 million members in the US and across the world. Some of the past winners of the award include Metro AG (Germany), Carrefour (France), Zara (Spain), Boticario (Brazil) and Ito Yokado (Japan). The award was presented at the Retails Big Show held in January 2007 in New York. World Retail Congress Awards Emerging Market Retailer of the Year 2007 Pantaloon Retail (India) Ltd The inaugural World Retail Congress held in Barcelona, Spain in March 2007 attracted over one thousand retail professionals from over sixty countries. The awards were decided by a multinational Grand Jury. Winners in other categories included Inditex, Mall of Emirates, Marks & Spencer and IKEA. Hewitt Best Employers 2007 Best Employers in India (Rank 14th) Pantaloon Retail (India) Ltd Leading human resources consultancy, Hewitt Associates conducts an annual survey of the best employers in India, as part of its global initiative. It is based on CEO interview, People Practices Inventory and Employee Opinion Surveys. Pantaloon Retail became the only retailer to feature among the twenty-five best employers in India. PC World Indian Website Awards Best Indian Website In The Shopping Category - Futurebazaar.com PC World, a leading consumer technology magazine selected the best Indian websites in various categories based on use of technology for delivering solutions, information being presented in an intuitive and concise manner and overall experience aided by design.
Readers Digest Trusted Brands Platinum Awards SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 17
Trusted Brands Platinum Award (Supermarket Category) Big Bazaar The Readers Digest awards are based on surveys done among consumers by independent research agency, Nielsen Media Research. This is the second consecutive time Big Bazaar has won this award. Retail Asia Pacific Top 500 Awards Asia Pacific of the Best Retailers Pantaloon Retail (India) Ltd Best Retailer in India Pantaloon Retail (India) Ltd The Retail Asia publication in association with EuroMonitor and KPMG honours the best retailers in 14 countries across the Asia Pacific region. The awards were presented in Singapore in October, 2006. Asiamoney Awards Best Managed Company in India (Mid-cap) Pantaloon retail (India) Ltd. The Asiamoney publication conducts a poll among fund manages and investors and does a quantitative analysis of financial performance to select best managed companies in Asian countries. Ernst & Young Entrepreneur of the Year Award Ernst & Young Entrepreneur of the Year (Services) Kishore Biyani Considered to be one of the most prestigious business awards in India, a jury comprising leading names in Indian business selected the winners based on courage, creativity, passion, endurance and vision CNBC Indian Business Leaders Awards Kishore Biyani Organized by CNBC-TV18, the twelve awardees in various categories are decided by a high profile jury, along with research partners - The University of Chicago Graduate School of Business, Development Dimensions International (DDI) and AC Neilson ORG MARG.
Lakshmipat Singhania IIM Lucknow National Leadership Awards SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 18
Young Business Leader Kishore Biyani The award recognizes and honors individuals who have contributed consistently to the betterment of our country through their pursuit of excellence. The awards were presented in New Delhi by the Prime Minister Dr. Manmohan Singh in December, 2006. Images Retail Awards Best Value Retail Store Big Bazaar Best Retail Destination Big Bazaar Best Food & Grocery Store Food Bazaar Retail Face of the Year Kishore Biyani The IRA awards are decided through a nationwide consumer & industry poll and nominations followed by performance assessment by team of analysts and jury. Readers Digest Awards Platinum Trusted Brand Award - Big Bazaar The Readers Digest awards are based on surveys done among consumers by independent research agency, Nielsen Media Research. CNBC Awaaz Consumer Awards Most Preferred Large Food & Grocery Supermarket Big Bazaar Conducted in association with AC Nielsen-ORG Marg across 21 major cities, nearly 10,000 consumers were asked to choose their most preferred brands. Reid & Taylor Awards for Retail Excellence Retail Entrepreneur of the Year Kishore Biyani
SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 19
ABOUT MY TOPIC Customer Satisfaction is the customers perception of the actual service received as compared to the service they expected. Customer Satisfaction lives at the intersection of reality and expectations The customer is always right. It's a phrase every business owner has heard. However, must a business owner always admit fault and give away the store to turn dissatisfied customers into repeat customers Measuring Customer Satisfaction Participant Customer Satisfaction Employer Customer Satisfaction Customer Satisfaction Not the Same as Customer Service Customer service is measured by standards set by you or your agency. Customer satisfaction is measured by the customers standards for the services, regardless of whether they make sense. Characteristics of Firms With High Customer Satisfaction Customers define quality Variety of services Customization of services Convenience of services Timeliness of services Continually identify factors that influence satisfaction Continually identify expectations and set customer service standards well above these expectations (to delight customers)
SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 20
Drivers of Satisfaction Convenience Accessibility Ease of use Timeliness Safety Reliability Accuracy Thoroughness Fairness Satisfy Your Customers to Increase Business and Reduce Losses Appropriateness Attractiveness and cleanliness Courteous Professional Attentive Friendly Helpful Knowledgeable Prompt Informative Honest Candid
Service Quality Measures Customer Service Characteristic SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 21
Satisfy or Delight When a customer purchases a product or service from your company, that customer expects it to perform as advertised or according to specification. There are also unstated expectations and of performance and reliability. Customer satisfaction or delight is when the product or service exceeds expectations. For example, we recently purchased a new, inexpensive Toyota Corolla. After driving the car, we were delighted with the high gas mileage and various features of the car that you would expect in a more expensive automobile. To top it off, the Toyota dealership provide excellent service as a follow-up to the sale. No wonder Toyota is such a successful manufacturer. Benefits of customer satisfaction A satisfied customer will often be a repeat customer. Also, the customer may tell other people and referred them to your business. This means that you not only have a source of continuous business, but you also will get new business. This can save your company money that might be spent on advertising. Repeat business and word-of-mouth advertising are the best ways of maintaining a healthy business. Perhaps you've gone to a restaurant where the service and the food were excellent. You probably return to that restaurant again and even brought some friends along. Companies that do business with other companies can also see the benefits of customer satisfaction in establishing long-term business relationships. Dissatisfied customers When customers are dissatisfied with the quality of the product or its reliability, they may voice some complaints. In such a case, you can solve a problem and rectify the situation such that the customer goes away happy. But that type of customer service will cut into your company's profits. SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 22
The greater problem is that only a small percentage of the dissatisfied customers will actually complain. But they will tell their friends about their dissatisfaction. It is estimated that an unhappy customer will tell up to 15 other people of their dissatisfaction. This is a considerable amount of negative publicity for your company. This is a major reason some businesses fail. Although a customer may be satisfied with the product received, if the service that comes along with the product is poor, they may hesitate in recommending your store or business. If you went to a restaurant that had excellent food, but the waiters were rude and the service was slow, you would probably not return. Timeliness is part of the service is provided to customers. It is customer service, which more and more organizations are discovering as a critical element in their overall success, especially with increasing global competition for customers and sales. Customer service depends on the customer being served. As is so often the case, each customer will have his or her own definition of customer service. To a procurement manager at a large corporation, it might mean quality products at good prices. For a time-challenged entrepreneur, response times may be the primary criteria. To a traveling business executive, it might revolve around helpful, knowledgeable staff. They're all right; superior customer service is each of these things and more. Regardless of your customer baseand the specific products and services you're sellingit's absolutely crucial that your organization places a premium on maintaining the highest customer service levels possible. It's probably the most important thing you can do to keep customers. Remember, even if exceptional products first attract customers, it's usually superior customer service that keeps them around for the long haul. It is customer service, which more and more organizations are discovering as a critical element in their overall success, especially with increasing global competition for customers and sales. SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 23
While customer service is a moving target when training and deploying your staff, there are basic elements to success: Knowledgeable employees. Employees dealing directly with customers should be experts on your company and its products or services. Give them the tools and training needed to effectively communicate your organizational vision to customers, as well as responding quickly, accurately and thoroughly to customer questions. Empowered employees. Great customer service is impossible when employees don't have authority to make decisions. Allow them the opportunity to do whatever it takes to keep customers happyeven if they make a few mistakes as they learn. Helpful employees. Train employees to understand the importance of a caring, courteous attitude in making customers feel valued. Honest employees. Show employees that it's O.K. to take responsibility and apologize for mistakes. Teach them to focus on correcting the mistakeand the proven strategy of offering wronged customers something of value: a discount, free shipping or even free a new product, as needed. Reliable employees. Maintain a culture where phone calls are promptly returned, appointments are made and promises are kept. Human employees. Great customer service is in the personal detailsaddressing customers by name, thanking them for choosing you and generally making them feel like the valuable customers they are. Every businessjust like every individualmakes mistakes. The key is how your organization responds to customer-service challenges, turning dissatisfaction into loyalty and repeat business SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 24
SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 25
OBJECTIVE To measure customer satisfaction index at all touch point in big bazaar during the store visit. METHODOLOGY Sources of data Primary data It was obtained from customers in big bazaar Methods 1) My communication approach was basically structured questions ,it includes both open ended and close ended questionnaire 2) observation 3) Sample size. My sample size for project comprised 100 respondents It includes all category of respondents regarding their age, gender, income groups with different areas
SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 26
SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 27
1. Do you like shopping? - (i)Yes (ii) No
Out of 100 respondents ,99% giving their preference for shopping and 1% does not like shopping.
2. who is taking decision for your shopping? (I ) Own (ii) friends (iii) family members (iv) others
76% are taking their own decision for shopping, 8% by the friends,14% by family and 2% by others.
3. How frequently you are purchasing from BIG BAZAAR? (I )Daily (ii)Weekly (iii)Monthly (iv)twice in a month
49% of customers are shopping weekly,38% are purchasing monthly ,6% are daily And 7% are shopping twice in a month.
0 10 20 30 40 50 60 70 80 no of response attributes decision maker Series1 76 8 14 2 own friends family others 6% 49% 38% 7% daily weekly monthly twice in a month SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 29
4. How the ambience of BIG BAZAAR is?
(i)Bad (iv)Good (iii)Bette (iv)Satisfactory
Some of the customers are saying we are purchasing only from here because we are getting all the varieties under one roof
About the ambience of the store 46% are saying good,37% are in satisfactory,15% are saying better and 2 % about bad. so here ambience is the puller who pulls customers to the store . 2 46 15 37 0 10 20 30 40 50 bad good better satisfactory bad good better satisfactory SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 30
5. How is the service quality provided by BIG BAZAAR? (i)Not Good (ii)Good ( iii)Satisfactory (iv)Better
3% are saying ,the service provided by big bazaar is bad,32% are in good, 50% are saying average and15% are in satisfactory. But no one in the category of better. S o we have to improve our service quality Service quality refers to an attitude formed by a long-term overall evaluation of a firms performance .customer satisfaction and service quality are closely related. it can be said that satisfaction assists consumers In formulating a revised opinion about the service quality perception. So here in the store I found service delivery gap is there ,means the quality standards set for service delivery are not matching with the actual quality of service delivery What influences your decision to purchase from BIG BAZAAR? (i)Price (ii)Quality (iii) Service (iv) Advertisement (v)Ambience
3 32 50 15 0 0 20 40 60 bad good average satisfactory better bad 3 good 32 average 50 satisfactory 15 better 0 1 SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 31
55% customers are saying that we are coming to the store for the ambience means they are saying , we are getting all the varieties under one roof, no need spend more time to purchase the required things for are able to make up our time in a effective manner. 16% of customer are giving their response that we are coming to the store for the service which is too less,so we have to improve our service quality for which company able to gain long term profit And company should think about the price and quality of the product because responses is coming 9% each which is too less. Some of the customers are saying (in the time of interaction) those products which we bought for mrp 449 before now you have hiked the price to Mrp 999 and giving 50% discount ,what does company think? We are fool. but after all I make them understand we are not making you fool through my statement.
decision influenced for shopping 0 10 20 30 40 50 60 r e s p o n s e price quality service advertsement ambience attributes 9 9 16 11 55 price quality service advertse ment ambience SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 32
So company should think about the service ,price and quality of the products for the smooth flow of business process without any hindarances. Now it is the time to compete with others competitors ,because the retail revolution is going to start,all are ready to fight . when others competitors will come and drag the customers by their service with the same ambience which will create threats for the comany
Do you get any problem to trace out department for necessary items? (i)Yes (ii)No
For tracing out the department for necessary items also creating problems.51% are saying we are put in to trouble and 49% are saying no ,problem for tracing out the items is not arising in our case. Customers coming frequently for shopping or roaming they are getting problems to trace out the dept. because they are totally acquainted with the dept. but what about those customers ,coming twice in a month (or) in a month 49 51 48 50 52 response S1 attributes trouble to trace out the items yes no Series1 49 51 yes no SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 33
Q-As per your need ,are you getting your desired items in BIG BAZAAR? (i)Yes (ii)No
BIG problems are arising where stocks are not available in the demand .59% are dissatisfied with the unavailable of the stock. And rest are satisfied with the availability of the stock as per their requirement i.e 41%. Problems arises due to the following factors- Lack of proper logistics and supply chain management Inefficient management of inventory Not standard categorized of product(fast moving, slow moving and fad ,fashion,staple and seasonal) Negligence of management Like for fast moving products- In ladies western formal tops has high demand but not available in the time of demand by the customers Toys Funs school ,kandy doll ,business game,doctor sets Ladies fabric Bandhini ,columncari sambalpuri cotton,batik print,tossor cotton etc. So company should follow the category life cycle mentioned below to kkep the stock according to the requirement
YES no 0 10 20 30 40 50 60 70 YES no YES 41 no 59 1 SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 34
9. What is your view about cash counter? (i)Bad (ii)Good (iii) Average (iv) Excellent
Category lifecycle SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 35
62% of respondents are telling good,27% are in favor of average ,8% are in the fore of excellent and 3% are against of the process . In Friday we are providing special discount for senior citizen ,( above age 60) ,in this age they hesitate to stay for a long time.so company has to think how to convert average in to good
10. Do you get irritate in exit point ,in the time of checking by security person? (i)Yes (ii) No
0 10 20 30 40 50 60 70 view about cash counter bad good average exellent attributes 3 62 27 8 bad good average exellent SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 36
50% of respondents are not happy ,and others have no complain at the exit point in the time of checking made by security
11. Are you getting any problem in signage for offers and discounts mentioned in it ? (I )yes (ii) No
67% of respondents arent happy with the offers and discounts mentioned in it,33% are happy with that.
irritation at exit point 50 50 0 10 20 30 40 50 60 yes no Series1 Series1 50 50 yes no problem regarding signage 33 67 yes no Series1 Series1 33 67 yes no SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 37
Most of the customers are coming mothly, they are getting problem in signage., they are not seeing the lower portion where offer valid on mrp 399,499 etc. are mentioned .they are ignoring that and after the bill is being made they get irritated after seeing the bill which is not expected by them,so they start screaming in the cash counter that offers mentioned in the section but you are not providing such.
. 12. o you satisfy with the exchange policy in BIG BAZAAR? (i)Yes (ii)No
53% of respondents are not happy with the exchange policy and rest of 47% are happy with that exchange policy.
Customers are dissatisfied with the because of long distance they hesitate to come to the store, expensive means if a customer will purchase a product which has mrp 49 after that in his/her home found that some defective in that but he/she wiil be staying in balasore which is far away from BBSR ,will he come to exchange it? By spending 200 rupees along with time.
satisfaction level with exchange policy 4 7 5 3 44 46 48 50 52 54 yes no Series1 Series1 47 53 yes no SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 38
13 If no, in what basis ? (i)Time factor (ii)Long distance (iii)Expensive (iv)They hesitate to exchange (v) if any (specify)
Out of 53 dissatisfied customers 23(43.39%) are dissatisfied for the time factors ,due to the time constraint they are not able or put in to trouble to exchange the defective product in right time.
34% dissatisfied for the expensive which is more than the mrp of the product ,20.75% are for the long distance and 1.89% for staff hesitates to exchange.
14. Do you satisfy with the offers and promotions takes place inside the store? (i)Yes (ii)no
23 11 18 1 0 5 10 15 20 25 basis of dissatisfaction time factor long distance expensive staff hesitates Series1 23 11 18 1 time factor long distance expensive staff hesitates SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 39
63% are not happy and 37% have no complaint ,they are satisfied with that. Promotion like announcement of offers and discounts in the section by the mike.they feel shame to go there when a sales executive is shouting about the discounts and offers.
sex
Out of 100 respondents 25% are female and 75% male . so have their different vies about the above all and the decision varies from person to person.
level of satisfaction regarding offers inside YES 37% NO 63% 75 25 0 20 40 60 80 male female Series1 75 25 male female SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 40
Highest respondents i.e 31% customers are earning 150000-200000, 28% are in 200000-250000 and18%,10%,10%,1%,2% are earning 100000-150000, <100000, 250000-300000, 300000-350000, 350000 & above respectively.
ANNUAL INCOME 10 18 31 28 10 1 2 0 5 10 15 20 25 30 35 < 1 0 0 0 0 0 1 0 0 0 0 0 - 1 5 0 0 0 0 1 5 0 0 0 0 - 2 0 0 0 0 0 2 0 0 0 0 0 - 2 5 0 0 0 0 2 5 0 0 0 0 - 3 0 0 0 0 0 3 0 0 0 0 0 - 3 5 0 0 0 0 3 5 0 0 0 0 & a b o v e ANNUAL INCOME F R E Q U E N C Y Series1 SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 41
Highest i.e 29% of respondents of each age group 25-30, 30-35 ,24%are in the age group of 35-40 and 14% are in the age group of 20-25 ..
64% are service holder,27% are business man and 7% are students.
1 14 29 29 24 3 0 10 20 30 respodents AGE 1 14 29 29 24 3 15-20 20-25 25-30 30-35 35-40 40&Above 7 64 27 2 0 10 20 30 40 50 60 70 student service holder business man any others occupation Series1 Series1 7 64 27 2 student service holder business man any others SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 42
SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 43
Comparison table for detail analysis
Measurement of satisfaction index of the customers for availability of product and view at cash counter Tab-1.1
Consumption pattern Frequencies Q-8 % of n.g.d.i View about c.counter Yes no Bad good avg. excellent % of views DAILY 6 1 5 83.33% 0 2 4 0 66.67% (avg) WEEKLY 49 13 36 73.47% 2 27 19 1 55.1% (good) MONHLY 38 23 15 39.47% 1 28 3 6 73.68% (good) TWICE IN A MONTH 7 4 3 42.8% 0 5 1 1 71.4% (good)
From the above table I found that customers purchasing daily from the big bazaar is high possibility of not getting the desired items i.e 83.33% after that it is declining. The customer purchasing weekly % of not getting the desired items is 73.47%,then 39.47% for monthly and 42.8% for twice in a month.
But most of customers are shopping weekly from big bazaar i.e 49% out of that 36 (73.47%) are not getting desired items in B.B.less customers prefer to shop daily but out of 6 customers 5 are not satisfied with the availability of desired at the right time. Because of to keep the stock for a daily customer is difficult. Stock may be there but they want more than that ,and their expectation is high by seeing same kinds of stock everyday. The dissatisfaction level is reducing when the consumption pattern is increasing i.e daily ,weekly, twice in a month, monthly. when a customer purchasing the goods monthly (or) twice in a month he/she is not searching for the new stock stock rotation in a month .when he comes old stock moves due to time footfall of that customer is too long SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 44
About the view at cash counter customers shopping daily are saying average i.e(66.67%) they want some improvement for fast billing. Those customers who are purchasing weekly, monthly ,twice in a month ,most of the customers are giving their view that good i.e 55.1%,73.68% and 71.4% respectively. So they are some extend satisfied in the time of biling. So we have to concentrate upon the customers purchasing weekly for which less % of customers are saying good but most of the customers are purchasing weekly i .e 49%.
Measuring satisfaction level of the customers in exchange policy taken by BIG BAZAAR
Tab-1.2 Satisfaction level in E. policy Res. Basis of dissatisfaction Percentage of dissatisfaction Yes NO Responses 47 53 53 Cus. Staying far away from store(35) 7 28 (28 ) 52.8% Nearer to store or in BBSR(65) 40 25 (25) 47.16% Time factor 23 5 14 43.4% 56% Long distance 11 9 3 Expensive 18 14 7 50% Staff hesitates to exchange 1 0 1
From the above analysis table 53% are not satisfied with exchange policy taken by big bazaar and rest 47% are satisfied with the exchange policy. out of 53 responses 28(52.8%) are staying outside or far away from the store and 25(47.1%) are staying nearer to store.
SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 45
Out of 53 respondents who are not satisfied with the exchange policy 23 (43.4%) are dissatisfied for the time factor because they dont have the time to come to store ,11 for the long distance,18 for the expensive and 1 for the staffs hesitation. Out of 35 customers staying far away from store 28 are dissatisfied i.e 80% and out of 65 customers staying nearer to the store 25 are dissatisfied i.e 38.46%. Out of 28 respondents who are belonging to that category staying far away from the store 5 are dissatisfied for the time factor ,9 for the long distance, 14 (50%) of respondents are saying that fare cost is more expensive than the product . Out of 25 respondents those are staying nearer to the store (38.46%) i.e 25/65 ,56% of respondents are dissatisfied for the time factor, 3 are for long distance ,7 are for expensive. Being nearer to the store they hesitate to come to the store due to the lack of time they are unable to come and exchange the product.
SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 46
Measurement of satisfaction level regarding promotion inside the store
From the above analysis table I found that at the age group of 30 to 35 have maximum percentage of respondent are dissatisfied with the offers and promotions which are taken place in the section inside the store that is 33.33% . at the age of 20 to 25 less respondent s are dissatisfied in comparison to all age groups i.e 7.9% and at the age group 25-30 ,35-40 25.39% , 26.98 % dissatisfied respectively and almost all respondents are dissatisfied at the age group 40 &above . From the female group ,out of 25 , 19 (76%) are dissatisfied with the promotion inside the store at the section and out of 75 male 44 (58.67%) are dissatisfied . Out of 19 dissatisfied respondents of female 47.36% of respondents are belongs to the age group of 30-35 and 31.57% are belongs to age group of 25-30. SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 47
In the male category out of 44 responses highest % i.e 27.2% are belongs to 25-30 age group and 20-25 age group are not satisfied with the promotion taken place in the section Problem regarding offers and discounts mentioned in signage TAB-1.4
Fre.of purchase Frequencies Responses % of negative response Yes no Daily 6 0 6 100% Weekly 49 11 38 77.56% Monthly 38 19 19 50% Twice in a month 7 3 4 57.1%
From the above table it is cleared that those customers are purchasing their required items weekly and daily they have no problems regarding signage when it increases to twice in a month and monthly then problems increasing. Like- Daily-0% Weekly-22.44% Twice in a month-42.9% Monthly-50%
SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 48
Measurement of decision influenced to purchase from BIG BAZAAR Tab-1.5
Fre. Of purchase response price quality service advertisement ambience % abt. Importance
From the above table decision influenced to purchase from big bazaar for which customers are dragged to the store . The reason is that ambience which has scored higher than all attributes
Daily- 83% Weekly-55% Twice in a month-57% Monthly-47.3%
But one importance thing is that very less customers are coming for the price and quality. In that area we have to think about it ,how product price should be kept low with maintaining the proper and desired quality,to which the customers searching for in the competition era.
About the service we have to improve that area also which hasnt got the good response from the customers ,because wished-for level of service quality that customer believes can and should be delivered to gain customer loyalty which will give long term benefit to retail organization.
SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 49
MEASUREMENT OF ANNOYANCE LEVEL OF CUSTOMER AT EXIT POINT Tab-1.6 ` Fre. Of shopping Responses Annoyance AGE of annoyance yes No 15- 20 20- 25 25- 30 30- 35 35- 40 40&above % of annoyance Daily 6 0 6 0 0 0 0 0 0 Weekly 49 19 30 0 3 4 6 5 1 31.57% Monthly 38 24 14 0 0 10 7 5 2 41.67% Twice in a month 7 4 3 0 0 0 3 2 2 42.86%
From the above analysis table I found that those customers are coming daily have no problems regarding checking made by security person,they are acquainted with the norms which is followed in big bazaar. But the annoyance is increasing with th increase of shopping pattern i.e-daily,weekly, twice in a month and monthly. As the increase of frequencies of shopping the % of annoyance also increasing i.e-31%-42.86% as on . yes yes yes yes no no no no 0 10 20 30 40 6 49 38 7 f r e .
o f
s h o p p p i n g responses of annoyance no yes SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 50
Maximum % of annoyance is coming from those customers purchasing monthly and twice in a month at the age group30-35, 25-30 and for twice of a month 30- 35. and for weekly at the age group of 30-35. The importance of consumer dissatisfaction, rather than satisfaction, is the fact that a negative experience leads people to want to go and talk it," The above analysis revealed differences in dissatisfaction by age, with older shoppers reporting fewer problems. The average number of problems experienced per consumer is highest among those 25-35 years old. Shoppers under 30 were more likely to be ignored by store staff or by salespeople they perceive to be more interested in making a sale than actually helping the customer. Because they are less patient or have higher expectations, or older people are just worn down and don't expect as much., who are above 40&above and the younger people typically have less loyalty to stores and are highly demanding consumers.
SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 51
SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 52
CONCLUSION Our goal in business should be that your customers are satisfied and even delighted with what you have provided them. Satisfying your customers results in repeated business and referrals for new business. Dissatisfied customers can result in complaints, returns and negative publicity, causing you to lose money and have fewer customers in the future Many organizations agree that customer satisfaction is difficult to measure. There are a number of tests and programs available on the market to try to understand customer satisfaction levels; one of the most popular is a customer satisfaction survey. Unfortunately many of the customer satisfaction surveys distributed by organizations never make it back to the organization, and if they do, they are obsolete because they are outdated and do not represent current customer satisfaction levels
SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 53
SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 54
RECOMMENDATION Retailing success is tied with the ability to satisfy the dissatisfy customer and sustain & maintain the cash conversion cycle with the help of logistic and supply chain management by which inventory rotation will increase and replenishment of products should be in time to the floor for which we will able to maintain the customers retention by providing the product at the time of demand as well as enhance the growth of the company by increasing sales volume. So when customer will get the varieties according to their choices and expectation they will be satisfied in the terms of price, quality, varieties and service .In 11-15 th august problems of s.c.m were arised which affects upon the sales. Rather than dissatisfied customer to complain ,the company should actively seek both positive and negative perceptions of the customers in advance o complain. There should be significant emphasis on the importance of consumers desire for convenience and the value of time. Consumers perceived expenditure of time and effort should match to their perceptions of service convenience Consumers overall convenience are likely to affect their satisfaction with the service as well as their loyalty to the organization. So we have to improve our sevice quality Management should changes their policy to set up discounts and offers like when the day of hapte ka sabse sasta dini.e Wednesday, will come the offers should be more in comparision to others normal day. SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 55
Store should provide Service convenience which extends to all types of convenience that reduce consumers time or effort in shopping, including operating hours, credit availability, user friendly service Use problem solving approach employee should Pay attention to the customer then the goods
SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 56
AT THE END TOUCH-
3 Important Points
The Most Important Goal is CREATE & KEEP THE CUSTOMER Not To sell Help Them To buy People love to buy Hate to be sold Why customer Buy Good feeling Solution to problem Problem = What customer want What we Have They will buy much more when they buy us Point to boost customer image open emotional account with our customer Recognize & praise people Hair dye & looking young Use humor- hence people laugh they listen More Let them know what you are thinking about them.
SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 57
CREARS FORMULA FOR SATISFACTION- BE RELIABLE- consistent performance is what customer wants from us BE CREDIBLE- if the customer buy the product, he wants to safe and guaranteed. BE ATTRACTIVE- body language BE RESPONSIVE accessible, available and willing to help customer whenever the customer has a problem. BE EMPATHIC- to be in customers shoes and grasp his point of view
SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 58
SUBMITTED BY: BISWAJIT MISHRA / ROLL NO: 10MBA640 / MBA-09 DDCE, SAMBALPUR UNIVERSITY 59
BIBLIOGRAPHY
CONSOMER SERVI CE STANTARDS( pgprm) Consumer behavior Ninth edition, By-leon G.schiffman &leslie lazar kanuk It happened in India, 1 st edition - 2006 by - Kishore Biani (CEO,Future group ) Webliography: http://www.pantaloons.com http://www.futuregroup.com http://www.google.com http://www.yahoosearch.com