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INTRODUCTION
INTRODUCTION
CUSTOMER SATISFACTION:
Customer satisfaction is the extent to which a product perceived performance
marches buyers expectation. Customers satisfaction with a purchase depends on how well
the products performance lives up to the expectation. It is the key influence on future
buying behavior. Satisfied customers buy again and tell about their good experience.
Dissatisfied often switch to competitors and disparage the product to others. If performance
exceeds expectations, the customers are highly satisfied or delighted.
Smart companies aim to delight customers by promising only what they can deliver,
then delivering more than they promise. Highly satisfied customers produce several benefits
for the company. Satisfied customers are fewer prices sensitive. They talk favorably to
others about the company and its products and remain loyal for a longer period. However,
the relationship between customer satisfaction and loyalty varies greatly across industries
and competitive situations.
The interaction between expectation and actual product performance produces
satisfaction or dissatisfaction. Many markets go beyond merely meeting the expectations of
customers they aim to delight the customer.
A dissatisfied customer responds differently. Where as on average a satisfied
customer tells 3 people about the good product experience, a dissatisfied customer gripes to
11 people. Therefore a company would be wise to measure customer satisfaction regularly.
Many organizations have not got a clue about how the customers perceive the goods
and services they supply. Customers attitude to be that so long as people buy their
products then the products must be accepted.
Firstly, customer may buy a given product or services simply because there is no
other option and they would prefer to purchase what you are offering them to go out
altogether.
Secondly, fact that a product or services may be accepted does not mean that it will
continue to sell. Competitors may see opportunities, customer expectations may change
3)
The company as many stock holders including employers, dealers and stock
holders.
4)
Sales support
Service support
To examine and analyses the reason for customer dissatisfaction if any and other
suggestions for improvement.
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RESEARCH METHODOLOGY
The research method used in this case is survey type for the collection of the primary
data. In the primary data collection of facts and figures are the raw Ingredients on which
researcher works. In the primary data collection, data is obtained original.
Consumers, dealers, salesman etc., are the source of primary data. Primary data can
be collected slowly at high cost. But is offers much greater accuracy and reliability and It
gives information. The information is not readymade but it has to be created. There are
many methods of obtaining primary data, one of them which is used here is survey method or
questionnaire technique.
SURVEY METHOD:
These techniques also known as questionnaire method. This technique is adopted
when researcher intends to secure one or more items of information from the sample of
respondents. Survey can be conducted on census basis and as well as sample basis. In this
case as buyers. We are using sampling method. The information gathered form respondents
is recorded in the form of questionnaire. The survey method is most widely used in market
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research.
SOURCES OF DATA:
PRIMARY DATA:
The data is basically from primary sources by means of study conducted through
questionnaire.
SECONDARY DATA:
The secondary data were collected form Select Machines , Hanmkonda.
SAMPLING PLAN:
Sample size of customers is 100. The selection of customers is done by convenient random
sampling method. No database was collected of particular as such.
LIMITATIONS OF THE STUDY: The number of respondents level is only 100, so there is no scope to understand the wide
perception of the investment policies.
The Preference of people may be subjected to other conditions which are be not included
in the project.
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The time limit which is taken to complete the project is very limited, that is only 6 weeks,
so there is limited scope for extensive study.
Identification of service Performance level.
CHAPTER-II
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INDUSTRY PROFILE
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to grow at a very rapid pace and increase its share to about 38 percent of the total market and
is a key focus area for water purifier manufacturers, due to the large target customer base it
offers, is expected to continue its rapid growth.
TechSci Research conducted a survey across 10 major cities in India with 500 users of water
purifier to understand the market size, growth drivers, issues and buying behaviour patterns,
etc. The cities covered in survey were, Delhi, Mumbai, Kolkata, Chennai, Bangalore,
Hyderabad, Ahmedabad, Chandigarh, Pune and Bhopal. The Indian market has tremendous
potential which is more evident from the fact that global majors such as Philips and
Hindustan Lever have stepped in and are looking to increase their share of the market. The
three principal players today are Eureka Forbes, KENT RO and HUL. In the years to come,
we are likely to see others entering the fray. India Water Purifier Market Forecast &
Opportunities 2011-2016 discusses the following opportunities in the Indian water purifier
industry:
Industry Sales
Competitive Landscape
India Water Purifier Market Forecast & Opportunities 2011-2016 gives a detailed and
unbiased unprejudiced overview on the Water Purifier market in India. This report help
readers to identify the on-going trends in the industry and expected anticipated growth in the
coming years or future, as a consequence of depending upon changing industry dynamics in
the coming years. The report will help industry consultants, water purifier companies and
other stakeholders to align their market-centric strategies according to on-going and expected
future trends in future.
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Under the banner of the Water Quality Association (WQA), India chapter the big water
purifier manufacturers hope to educate the masses about sub standard products thronging the
market and persuade industry players to follow minimum standards for pure and healthy
drinking water to customers.
CEO Direct Sales, Eureka Forbes, Marzin R Shroff who is also the head of WQA, India, said
that manufacturers peddling cheap products are playing with the health of the people as many
tend to use punctured membrane rejected by Chinese manufacturers.
"The number of local manufacturers I shuge and most often than not they use cheap imported
parts which are mostly rejects and do not conform to safety standards. These products fail to
provide safe drinking water while most local manufacturers shut shop after a couple of years
and then relaunch under a different name" said Shroff.
WQA which has among its members all large established players has now started putting
together a minimum standard of manufacturing to be followed by the Rs 1,700 crore water
purifier industry.
"By the middle of next year we hope to finalise the minimum standards and make it a
benchmark for the industry. We will also encourage manufacturers to get their products
certified so that the consumer is assured of a quality product. Also we will be undertaking
mass awareness campaigns to educate people about inferior products" said Shroff.
He said that Eureka Forbes which is a market leader in the water purifier segment with 52 per
cent of the market share is all set to enter some new segments to expand the portfolio of
products it already has. Besides water purifiers, vacuum cleaners, the company is also in the
home security, solar lights segments. It is geared up to launch a new product segment in
October and enter other categories over the next few months.
As part of the companies social initiative Eureka Forbes has also started " Aquaguard Water
Shops" for rural areas, where in a small water purifier plant is set up in a village by NGO's
which supply pure water to villagers at 1520 paise per litre.
"An average village household can fulfill its daily need of pure water for about Rs 10 a day
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making it a viable option for villagers" said Shroff. The initiative has already covered about
140 villages and some villages in UP are also beneficiaries.
BHUBANESWAR: The water purifier market in India is expected to grow 229 per cent, up
from Rs.18.64 billion in 2012 to Rs 61 billion in 2017, market research firm Market Pulse
said on Thursday.
The firm carried out an extensive survey among 10,000 households in 62 towns to glean
consumer behaviour over the last few years to arrive at its conclusion.
"Nearly 67 per cent of the Indian households do not treat drinking water and those who treat
were found to be relying largely on age-old boiling method. This situation has given rise to
the water purifier market," Market Pulse chief executive officer Ejaz Hoda said.
The industry offers three types of water purification technology - reverse osmosis (RO),
ultraviolet (UV) and offline or storage water purifiers.
The RO purifier market is likely to grow to more than three million units valued at almost Rs
41 billion in 2017 from the existing 786,000 units valued at almost Rs 10 billion, he said.
In the category of RO water purifiers, Kent and Eureka Forbes are the largest players; they
have a combined market share of more than 70 per cent.
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Pureit water purifiers from Hindustan Unilever and EUREKA Chemicals' Swach are the main
players in the offline category.
Aquasure and AquaGuard from Eureka Forbes continue to dominate the ultraviolet water
purifier category.
FEATURED COMPANIES
Essel Nasaka
Hi Tech RO Systems
HUL
During the past decade, the Indian population has witnessed considerable improvement in
accessing drinking water. However, the poor quality of the water supplied by the civic
authorities still remains a challenge. Diarrhoea, a disease resulting from consumption of
contaminated water accounts for 13% of overall deaths in children younger than 5 years of
age. Poor water quality and complications associated with it are contributing to the increasing
demand for water purifiers in Indian market. Water purifier in India is no longer a consumer
electronic good limited to affluent households as it is available at low prices and has started
to penetrate in lower income and rural households.
According to India Water Purifier Market Forecast & Opportunities, 2018 the four edition of
it water purifier report, the Indian market has shown tremendous growth during the last few
years. The water purifier market revenues in India are expected to grow at the CAGR of 24%
till 2018. High metal content in water sources in areas such as West Bengal, Bihar, Rajasthan
and Orissa, Tamil Nadu, Andhra Pradesh are contributing to the water purifier demand in Tier
II and Tier III cities. Till recently, rural Indian markets were not exposed to water purifiers as
a result of economic factors and poor sales and distribution networks in these areas. However,
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companies with innovative products are now targeting this segment and the rural Indian
markets now indicates high growth potential, particularly for offline water purifiers.
India Water Purifier Market Forecast & Opportunities, 2018 report elaborates following
particulars:
- India Water Purifier Market Size, Share and Forecast
- RO, UV and Filter based Water Purifier Market Size & Forecast
- Policy & Regulatory Landscape
- Pricing Analysis & Sales Channel Analysis
- Changing Market Trends & Emerging Opportunities
- Competitive Landscape & Strategic Recommendations
Why You Should Buy This Report
- To gain an in-depth understanding of water purifiers market in India
- To identify the on-going trends and anticipated growth in the coming years
- To help industry consultants, water purifier manufacturers and stakeholder to align their
market-centric strategies
- To obtain research based business decision and add weight to presentations and marketing
materials
- To gain competitive knowledge of leading players
- To avail 10% customization in the report without any extra charges and get the research data
or trends added in the report as per the buyers specific needs
Report Methodology
The information contained in this report is based upon both primary and secondary sources.
Primary research included interviews with water purifier manufacturers, distributors and
industry personnel. Secondary research included an exhaustive search of relevant
publications like paid databases and company annual reports. SHOW LESS
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Industry
Home Appliances
Founded
1982
Headquarters Mumbai, Maharashtra, India
Suresh Goklaney (Vice-Chairman &
Key people
MD)[1]
Water Purifiers, Vacuum Cleaners, Air
Products
Purifiers, Security Systems
Employees
10000
Parent
Forbes & Company Ltd.[2]
Website
Official Website
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Eureka Forbes offers water purifiers which help in removing bacteria, algae, viruses, fungi,
suspended particles etc. from water and make if fit for drinking. It is quite better than the
traditional water purification like filtration and sedimentation. The purifiers are equipped
with E-boiling +, UV+, RO+ UF+ and SMP+ technologies which help in purification of
water.
Air Purifiers
Eureka Forbes air purifier heducts are beneficial to allergic and asthmatic patients and can be
used in home and commercial establishments like
Vacuum Cleaners
Eureka Forbes vacuum cleaners are available under two categories: Euro-clean and Forbes.
Vacuum cleaners can also be classified as "only dry" OR "wet and dry". These vacuum
cleaners are air pumps which suck up dust and dirt in a dirt bag by creating partial vacuum.
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Institutional Products
Industrial Water Purifiers
Eureka Forbes offers customized total water treatment solutions for both commercial as well
as industrial purpose. These could be either membrane-based, reverse osmosis or UV-based
purifiers.
Cleaning Equipment
Eureka Forbes industrial cleaning equipment include commercial vacuum cleaner, hard floor
cleaner, scrubbers and maintenance equipment and high-pressure cleaners.
Services
Forbes facility services and Forbes Pro Railway Solutions are two of the services offered
under the ambit of Industrial services. It leverages its technical expertise and offers
professional mechanized housekeeping and other services to industrial customers. Forbes also
offers mechanized cleaning services to Indian Railways and is ISO 9000, 14000 and 18000
certified.
Step 3
Escalate your request to our Head of Customer Care, Ms. Vinath Hegde .
We will contact you within 24-36 hours.
Step 4
If still your Service Request remains unresolved, you may directly contact the Ombudsman
for a solution at +91 22 3044 9768 (on every second and fourth Thursday between 2:30 PM 4:30 PM)
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Handicapped (NASEOH) launched Euro-Able, India's first state-of-the-art call centre manned
by people with special needs.
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CHAPTER IV
DATA ANALYSIS
&
INTERPRETATION
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S.NO
Occupation
Number of
Percentage of
respondents
respondents
Employees
20
20%
Students
56
56%
Business men
24
24%
Total
100
100%
Chart: 1
Inference:
From the above table it is clear that majority of respondents (56%) occupation is
students followed by business men.
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S.NO
Response
Number of
respondents
Percentage of
respondents
YES
72
72%
No
28
28%
Total
100
100%
Chart:2
Inference:
Above table indicates that the majority of customers (72%) accepted that the brand
delivers promised service quality.
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S.NO
Services offered
Number of
respondents
Percentage of
respondents
EXCELLENT
25
25%
GOOD
60
60%
BAD
15
15%
Total
100
100%
Chart:3
Inference:
The chart reveals that, 60% of respondents feel that the Services offered for the price
paid is good.
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S.NO
Experience of
Service
Number of
respondents
Percentage of
respondents
VERY GOOD
26
26%
SATISFACTORY
52
52%
BAD
22
22%
Total
100
100%
Chart:4
Inference:
The chart indicates that, 52% of respondents are satisfied with the service quality.
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Impact of Price
Number of
respondents
Percentage of
respondents
VERY HIGH
60
60%
MEDIUM
25
25%
VERY LOW
15
15%
Total
100
100%
Chart:5
Inference:
From the above chart it is observed that, the majority of customers (60%) feel that the
impact of price towards their purchase decision is very high.
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Response
Number of
respondents
Percentage of
respondents
AGREE
78
78%
DISAGREE
22
22%
Total
100
100%
Chart:6
Inference:
From the above table it is inferred that, the maximum number of respondents (78%)
agree upon the price paid is justifiable to the services offered to them.
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S.NO
Opinion on
Price
Number of
respondents
Percentage of
respondents
YES
87
87%
No
13
13%
Total
100
100%
Chart:7
Inference:
The chart reveals that the majority numbers of respondents (87%) satisfied with the
price of the product.
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S.NO
1
2
3
4
Information
Source
Number of
respondents
Percentage of
respondents
NEWS PAPERS
FRIENDS &
20
20%
42
42%
16
16%
22
100
22%
100%
FAMILY
ELECTRONIC
MEDIA
SHOWROOMS
Total
Chart:8
Inference:
From the above chart it is inferred that maximum (42%) of respondents came to
know the information about bike through family and friends.
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Number of
Percentage of
respondents
respondents
Strongly agree
22
22%
Agree
58
58%
Disagree
20
20%
Total
100
100%
S.NO
Response
Chart:10
Inference:
The chart indicates that, 58% of respondents agree as customer service representative
is very courteous.
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Number of
Percentage of
Response
respondents
respondents
Strongly agree
18
18%
Agree
55
55%
Disagree
27
27%
Total
100
100%
S.NO
Chart:11
Inference:
The above chart shows that, 55% of respondents feel that customer service
representative is handling their calls quickly.
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Number of
Percentage of
respondents
respondents
Strongly agree
20
20%
Agree
66
66%
Disagree
14
14%
Total
100
100%
S.NO
Response
Chart:12
Inference:
The chart indicates that the majority of respondents (66%) agreeing that customer
service personal knowledge is good.
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Number of
Percentage of
satisfaction
respondents
respondents
Superior
14
14%
Satisfactory
75
75%
Average
11
11%
Total
100
100%
S.NO
Chart:13
Inference:
It is inferred that maximum number of customers (75%) are satisfied with the features
and benefits of the purifier.
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CHAPTRE-V
CONCLUSION
&
SUGGESSTION
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CONCLUSIONS
The majority of customers have accepted that the brand delivers promised quality
of services.
The majority respondents feel that Services offered for the price paid is good.
Majority of respondents are satisfied with the service quality.
The majority of customers feel that the impact of price towards their purchase
decision is very high.
The maximum number of respondents is agreeing upon the price paid is justifiable
to the services offered to them.
The majority of respondents are satisfied with the price of the product.
The respondents came to know the information about bike through family and
friends, followed by showrooms, news papers and electronic media.
The most preferred brand is Eureka forbs .
Majority of respondents agree that customer service representatives are very
courteous.
Majority of the respondents are agreeing that customer service representative is
handling their calls quickly.
The statement customer service representative is very knowledgeable is
accepted by majority of respondents
The maximum numbers of customers are satisfied with the features and benefits of
the bike.
Among various categories of respondents Students are more attracted towards
Eureka forbs , followed by Business professionals.
.
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SUGGESTIONS
The company should try to sell the Purifier s at competitive prices and should also
concentrate in after sales service and as to benefit the company in the long run.
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QUESTIONNAIRE
Personal details
Name:
Age:
Occupation:
Income:
1) Since how long you are using this brand?
______ Months/ _______ years
2) Is it your first choice or you switched from any other brand?
a) Yes
a) Stylish/Fashionable
b) Service quality
c) Price
d) Brand Image
b) Good
b) Satisfactory
b) Medium
)
)
b) No
b) Disagree
c) Very Low
b). No
9) How high was the impact of price towards your purchase decision?
a) Very High
c) Bad
c) Bad
b) No
5) Do you think Services offered are good for the price paid?
a) Excellent
b) No
a) Yes
b) No
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a) News papers
c) Electronic media
d) Showrooms
b) No
b) Satisfactory
c)Average
d)Poor
.
.
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BIBLIOGRAPHY
Phlip Kotler, Marketing Management, Pearson Publishers, 12th Edition, New Delhi.
S.J. Bedker and G.C. Berry, Marketing Research, 1st Edition, Oxford University.
Internet:
www.eurekamachines .com
www.google.com
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