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Submitted in partial fulfillment of the requirement for the award of degree in Master of Business Administration Jain University Submitted By DEEPAK PRABHU (USN: 09MBA60022) Under the Guidance of External Guide: Mr. Praveen Kumar General Manager Godrej storage solution Internal Guide: Dr. K. Karunakaran Professor - MBA Jain School of Business
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CONTENTS Sr.No. CHAPTER 1 1.1 1.2 1,3 1,4 1.5 1.6 Executive Summary Introduction of study Research methodology Industry profile Company profile Product profile CHAPTER 2 2.1 2.2 2.3 2.4 Data analysis & Interpretation Summary & Findings Conclusion Suggestion CHAPTER 3 3.1 3.2 Bibliography Annexure 67 68 44 63 65 66 3 5 7 10 14 28 Content Page no.
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CHAPTER 1
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Major findings: y Awareness of Godrejs is 100% but the awareness of fami is minimal viz 4-5%. y Clients are more concerned about the price and quality. y Once the customer purchase from a specific vendor, it is difficult to switch over to another vendor, because of technical specifications. y Godrej plastics brand over-shadow the image of fami metal products. y Most of the clients are looking forward to have a complete solution. y Criteria adopted for re-purchase.
Major competitors are Nilkamal, Indo-built, local players. After identifying major findings then I gave recommendation on how to increase awareness, reduce prices & what actions to be taken in future. In this project I came to know that Godrej is the market leader in branded plastics crates and bins but there are a lot of scopes for enhancing their market share. where as in the storage systems segment they need to work a lot in building their brand reputation because they are very new to this sector. Fighting against established brands like Godrej, Indo-built and local players would prove to be tough but with their brand strength they can always succeed.
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Market awareness of Godrej group The Godrej group is one of the respected business houses of India. Its founder, was Ardeshir Godrej, was born in 1868 who was lawyer by professional was a staunch nationalist and believed that India cannot win freedom unless it is economically selfreliant. In 1968 he established Godrej & Boyce mfg. co. Ltd. Godrej Group is one of the largest conglomerates based in Lalbaug Mumbai, India. Godrej success has been driven by the companys commitment to delivering innovation and excellence. Godrej & Boyce manufactures a spectrum of consumer products and industrial products. The consumer product includes Appliances (Refrigerators, Washing Machines, Air conditioners, Microwaves, and DVD players), locks, furniture, Security
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equipment, office automation, conferencing solution, and vending Machines. Industrial products include storage solution, Automated warehousing, material handling equipment, precision components and systems, Machine Tool Service, Electrical & Electronic, Tooling and construction Material & services. In 1930, Godrej became the first company in the world to develop the technology to manufacture soap with vegetable oils; that spirit of innovation has continued throughout the organization's history. Today Godrej is delivering consumers exciting innovations across a spectrum of businesses. The company's pursuit of excellence is equally well established and enduring. In the 1944 Mumbai docks blast, Godrej safes were the only security equipment whose contents were unharmed; an equal level of product quality continues to be expected from every product bearing the Godrej brand name. Godrej management understands that the company's greatest asset is the trust and faith that consumers have reposed in it, and recognizes that the company must continue to earn this trust. This translates to the organization delivering outstanding quality and value in everything it does. Godrej ethical and visionary practices have allowed the company to successfully expand into a number of businesses. Today Godrej is a leading manufacturer of goods and provider of services in a multitude of categories: home appliances, consumer durables, consumer products, industrial products, and agri products to name a few. A recent estimate suggested that 350 million people across India use Godrej products. The group has more recently entered the real estate and information technology sectors, and management views these as avenues for enormous growth. The Godrej Group stands in a strong position today. With annual sales in excess of $1 billion, a workforce of approximately
18,000, and a strong diversified portfolio, Godrej has proven its ability to deliver strong financial performance.
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Statement of Problem:
The purpose of the study is to understand the level of customer awareness and dealer awareness at GODREJ-FAMI thereby understanding the customer and dealer their perception and their contentment with the service provided by STORAGE SOLUTIONS OF GODREJ-FAMI. On the basis of this problem statement, the following specific objectives have been crystallized.
Objectives:
1. To analyze the buying behavior of customers in storage solutions 2. To find out awareness level of customers for Fami storage solutions. 3. To find out awareness level for of dealer Fami storage solutions. 4. To find out market potential for Fami storage solutions. 5. Competitor analysis in Fami storage solutions. 6. To find out the market share of Fami. 7. To promote the storage solutions of Godrej-Fami
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Methodology:
A descriptive study is conducted to understand the level of industrial customer and dealer awareness at GODREJ-FAMI in Bangalore. The study has the data collected from both primary and secondary sources. A survey is been conducted to collect primary data. Sample Size: The sample size include 152 respondents, composed of Dealers and industrial customer. In this 1) A Sample size of 97 are industrial customer 2) A Sample size of 55 are dealers Questionnaire: A two questionnaire was given by the company (Godrej & Boyce) in this, one is industrial customer and another is dealers. Survey: A market survey was conducted for a total of 152 industrial customer and dealers with the help of questionnaire. I met purchase manger of different companies and explained them about the products. I also met the dealers and created awareness about the products.
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Sources of data:
The data required for the analysis were collected as follows Primary Data: In order to collect data a structured questionnaire is prepared. In the questionnaire, questions are presented with exactly same wordings and exactly in the same order to all respondents in order to elicit the right responses. Secondary Data: This data shall consist of the information collected from the companys website and the data is also collected through company records, product brochure, share with us form etc.
Limitation:
o Respondents biasness in answering the questions.. o The study was restricted to only the customers of Godrejs Bangalore.
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for the cooling process to be equally distributed so baked goods maintained their integrity. A variation was added where as a hutch replaced some of the upper shelves allowing storage. As they migrated to the home the baker's racks became far more decorative and became an accent piece of furniture. They started being made in wood and wrought iron. Some added hutches to the top or cabinets to the underneath creating a storage solution as well as a wonderful way to allow homemade baked-goods to cool and cure. Bakers racks in the 21st century may not be used as they once were. They have regained fashion as a way as an accent piece. Most do not use the rack to cool pies or homemade bread. Instead they have come a way to display collections of books, plants and knickknacks. In many cases the plain steel rack is now become ornate and decorative. Some are understated and simple, adding a quiet class to sense of class to a room. Overall most people who purchase bakers racks, have a find it really does add some charm and class to their home. When looking for one deciding what you would like it to accomplish, storage design or both. That will help you pick the one best for you. But no matter what you choose, it's a great way to decorate and organize at the same time. Chest The earliest form of container for storing clothes, documents, valuables, or other possessions, and the most important piece of furniture in the home until the 18th century. Chests with flat tops were also sometimes used as seats or beds. Chests are known from the 18th dynasty (c. 15391292 bc) in Eg\ypt, when they were mounted on short legs. The skills used in making such ancient furniture were lost during the early Middle Ages, when the dugout was made, simply a crudely hollowed tree trunk fitted with a lid and often strengthened with iron bands to prevent splitting. The principal constructional features of early medieval chests lasted until the Renaissance. The so-called Oseberg ship, dating from the Viking era (9th century) and discovered in 1904 in Vestfold, Norway, included among the furniture on board a chest made of oak planks secured by iron bands. The planks are not mortised together, and the end sections stand vertical, thereby forming feet, wider at the bottom than above. The lid is formed by a single curved oak plank that has been roughhewn into shape. The bottom of the chest rests in a groove cut into the end ... (100 of 24685 words) History of Outdoor storage Outdoor storage is meant to be used outdoors. It can be storage that was at one time used in the house, but has now been replaced with new furniture, or it can be furniture that has
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been specifically designed and built for outdoor use. But, just exactly how did outdoor furniture come to be, and what changes have been made? Time Frame In the Prehistoric age, outdoor furniture would have consisted of stone furniture, either chiseled or otherwise shaped into something that could be sat upon, or possibly just a smooth, flat stone. Tree stumps, animal skins, or soft leaves or boughs may have also been used. The Bible even mentions Rachel sitting on a camel's saddle. The Egyptians used wood and brick for both their indoor and outdoor furniture. The Greeks would mainly use wood for their furniture-making. Over the years, materials went from stone to wood, including wicker and rattan. During the Civil War, "camp chairs" made of the same canvas fabric that tents were made of, were seen in both Union and Confederate army camps. The chairs were as simple as canvas stretched over pieces of wood that had been shaped into a chair frame (similar to modern day "director's chairs"), to those that were as finely built as any chair that would have been found in finer homes; the only difference being the seat was of canvas, and the chair could be folded. Metal or resin (including plastic and other products) was soon incorporated into the building of outdoor furniture. And, anyone growing up during the 50s and 60s can remember chairs and loungers that were built on aluminum frames with plastic webbing for the seating area. Types Outdoor furniture evolved from simple stones, stumps, or wooden chairs or stools to modern loungers (one-piece designs of outdoor furniture that allow one to stretch completely out), chairs, swings, gliders, stools, tables, and even storage furniture. Some chairs or stools may even do "double-duty" when it comes to this, as some chairs or stools have storage compartments built right under the cushion or seat. Outdoor furniture has changed through the years, going from rocks or stumps with nothing to support the back, and little, if any cushioning, to furniture that reclines and has as much padding as a bed. Size Early outdoor furniture could range in size from small to large stones or stumps chosen to accommodate the "sitter". He or she would simply pick and choose from the available resources until the most suitable one was found. Modern furniture today can be small enough to hold a toddler or designed solely to support large frames.
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Benefits Sitting on outdoor furniture in the "old days" had the same benefits as it does today. One's "hindquarters" were and are not in direct contact with hard, damp, or otherwise unsuitable sitting surfaces. Potential Just as in-home furniture styles continue to change, so too will porch furniture. The possibilities for improvement are many, including making them more ergonomically designed, more comfortable and more durable.
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J. N. GODREJ
Chairmans Message
The corporate landscape is undergoing several sweeping changes and Indian companies across sectors have begun to pursue growth both within the country as well as overseas. Today, as India competes in an increasingly globalized economy, the Godrej Group is ready to play a major role in the Indian growth story. At Godrej, we have always successfully competed with MNCs in India and abroad and kept the spirit of enterprise alive. This has been possible for various important reasons. The Godrej name is synonymous with trust. It is a well-documented fact that trust lowers transaction costs, corruption, and bureaucracy. Thus, trust is a source of significant competitive advantage to us. I firmly believe that our highest standards of corporate governance, modern management and use of cutting edge technology and long-term, performance-focused strategies will be the key drivers in future years.
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MILESTONES
Ardeshir Godrej (1868-1936) was the first Indian Manufacturer to displace well entrenched foreign brands from the market. The word GODREJ, etched into the metal of his locks, became a symbol of self-reliance for the generations that followed. With each new product Ardeshir changed perceptions of industry in India. He produced the first finest security equipment, and stunned the world by creating soap from vegetable oils. What started as a dream had become a movement, but it was left to another man to carry it forward. On 7th May, 1897, Ardeshir Godrej gave up law and took up lock making. Godrej and Boyce Mfg. Co. Ltd., was established at Lalbaug, Mumbai. This was the holding company of the Godrej Group. On 3rd March, 1932, it was incorporated with limited liability. Even though Boyce was a business partner for a limited period only, his name was retained for legal purposes. To know more about Godrej & Boyce Mfg. Co. Ltd. The Godrej Name displaced well established foreign brands from the Indian market. The name 'Godrej' engraved into the shiny metalof the Godrej Locks came to be known as a symbol of self reliance, trust-worthiness, assertiveness and progressiveness for a new generation of Indians. Ardeshir Godrej's relentless quest of self-reliance made him explore newer avenues of opportunities. Manufacturing Soap was one of them. In the year 1918, Godrej Soaps Limited
came into being. In1920, he revolutionized the Soap industry by manufacturing the first toilet soap purely from vegetable oils. Before that, animal fat praises from India and from foreign lands too
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CORPORATE TIMELINE
1971- Godrej Agrovet Limited began as an Animal Feeds division of Godrej Soaps.
2001 - Godrej Consumer Products was formed as a result of the demerger of Godrej Soaps Limited. Godrej Soaps was renamed Godrej Industries Limited.
2003 - We entered the BPO solutions and services space with Godrej Global Solutions Limited.
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2004 - Godrej Hi Care Limited was set up to provide a Safe Healthy Environment to customers by providing professional pest management services.
2006 - The foods business was merged with Godrej Tea and Godrej Tea was renamed Godrej Beverages & Foods Limited.
2007 - Godrej Beverages & Foods Limited formed a JV with The Hershey Company of North America and the company was renamed Godrej Hershey Foods & Beverages Limited.
2008 - Godrej relaunched itself with new colorful logo and a fresh identity music
In April 2001, Godrej Industries was formed the consumer products division of Godrej Soaps Limited was de-merged to form Godrej Consumer Products Limited.
In the same year, Godrej Soaps was renamed Godrej Industries Limited. Godrej Industries expanded its portfolio of products. It added a slew of investments to its associate companies, while re-in forcing its existing businesses that include oleo chemicals, veg oils and medical diagnostic equipments.
As they say no guts, no glory. But at Godrej, we must say it has been a glorious 106 years of being the face of Indian industry. We have always set the trends, always defined the market place and always achieved our glory. Here is a quick preview of the various milestones we have crossed in the past 106 years.
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MISSION &VISION
Vision:We are dedicated to Deliver superior Stakeholder value By providing solution to existing and emerging consumer needs in the Household & personal care Business. We will achieve this through Enduring Trust and Relentless innovation Delivered with Passion and Entrepreneurial Spirit.
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Mission: -
y Godrej Mission is to operate in existing and new businesses which capitalize on the Godrej brand and corporate image of reliability and integrity. y Godrej objective is to delight our customer both in India and abroad. y We shall achieve this objective through continuous improvement in quality, cost and customer service. y We shall strive for excellence by nurturing, developing and empowering our employees and suppliers y We shall encourage an open atmosphere, conducive to learning and team work.
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VALUES
y y y y y y y y y y
Commitment to Quality Customer Orientation Dedication & Commitment Discipline Honesty & Integrity Learning Organization Openness & Transparency Respect/Care & Concern for People Teamwork Trust
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BOARD OF DIRECTORS
Board of director: Mr.J. N. Godrej (Chairman and Managing Director), Mr. Adi B Godrej, Mr. Hoshedar K Press, Mr. Dalip Sehgal, Managing Director Non executive director: Mr. Bala V Balachandran Mr. Jamshyd N Godrej Mr. Nadir B Godrej Ms Rama Bijapurkar Dr. Omkar Goswami Mr. A Mahendran Mr. D Shivakumar Mr. Bharat Doshi Mr. Aman Mehta
SHAREHOLDERS
Since its inception, the Company is controlled by the GODREJ family based in Mumbai, India. Its shares are not listed on any Stock Exchange. About one-fourth of the Company's share capital is held by Pirojsha Godrej Foundation, a public charitable trust.
GODREJ FINANCER There are several financers who finance to the Godrej company those are written below:y y y y y Central Bank of India State Bank of India Citibank N.A. HDFC Bank Limited The Hongkong and Shanghai Banking Corporation Limited.
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SWOT ANALYSIS
STRENGTHS:-
1. The Company has got wide range of branches within the country.
6. The management is trained and efficient & the network of service centers is good in states.
WEAKNESS: 1. The Company does not go for advertising, which is one of the biggest Disadvantage Godrej.
2. Its emphasis more on the advertising of office automation & prima division.
4. The effective selling schemes are not available like payment on installments.
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OPPORTUNITIES: 1. Godrej has more opportunities to grow as it has earned good name in security sector.
3. Godrej can focus on big project like construction. Where there is a great demand Of security equipments
Threat: 1. The growing competition in the security sector is threat for all manufacturing companies so it is also threat for Godrej to stand in the market with the higher position.
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BUSINESS PROFILE
UPDATE AS PER 2009
Annual sales
Sr .no 1
Particulars
Godrej & Boyce Mfg. Co. Ltd.
US $ In Million 718.7
7,143
177.7
153
3.8
203
5.0
61
1.5
99
2.5
6824
169.7
3233
80.4
1172
29.2
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10
50
1.2
11
2476
61.6
12
91
2.3
13
9914
246.6
14
5578
138.7
15
Geometric Ltd
3831
95.3
16
72
1.8
17
1539
38.3
18
Mercury Mfg.co.Ltd
241
6.0
19
169
4.2
20
Godrej(Vietnam) Co.Ltd
114
2.8
71,858
1787.3
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Home Appliance
Furnitures Goods
STORAGE SOLUTIONS
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LOCATION
GODEREJ & Boyce Mfg.Co.Ltd Registered Office, Head Office and Mumbai branch Pirojshanagar, Vikhroli, Mumbai (400079), India
EAST Kolkata, Bhubaneswar, Guwahati, Ranchi, Patna
WEST
NORTH
New Delhi, Chandigarh, Faridabad, Ghaziabad, Gurgoan, Jaipur, Jalandhar, Jammu, Kanpur, Lucknow, Noida
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Introduction:
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Wooden Workbenches
Fami manufactures the worlds best workbenches in terms of ergonomics, utility and various accessories that can be clubbed with. A wide array of wooden workbenches is available where working length ranges between 1.3m to 3m. Accessories such as tool cabinets, power legs (integrated with pneumatic and electrical lines), dual slotted upright system for overhead antiglare lighting or perform back for storage which can be quickly mounted to worktops are easily available. In case catalogue attached do not contain the workbench you require, please contact our sales representative.
Steel Workbenches
Fami steel workbenches are extremely heavy duty with load rating up to 2000 kgs udl. It comes in different sizes starting from 1. 2m to 2m. Provision for drawer units and perforated back panel for tool storage shall also be provided.
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Oil Station
Fami Oil Storage cabinets are the ideal system for storage of wide range of oils in limited space. Storage cans come in 25litres and 10 liters variants. Optional drip trays and safety tanks to prevent spillage can also be provided.
NC Tool Cabinets
Fami machine tool cabinets are the ideal storage solutions for nc tools storage. They are available with retractable drawer designs, horizontal or tilted shelves and are completely customizable. Various taper options such as ISO 30, 40, 45 & 50, VDI 30, 40, 50 & 60, Morse Taper, Capto, HSK are available. Several variants include cabinets with single leaf door, double leaf doors, rolling shutters and polycarbonate doors.
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NC Tool Trolleys
Fami NC tool transportation trolleys are the ideal solutions for safe and convenient movement of nc tools from machine tool cabinet or tool crib to nc machines. Fami NC tool trolleys comes in generic design with plug and insert tool tapers for wide range of common tool tapers like ISO, VDI, Morse Taper, Capto, HSK and few others. Same tool trolley shall have multiple tool tapers attached and is totally modular in nature.
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Replenishment Trolleys
Fami replenishment trolleys are commonly used for feeding assembly stations. Replenishment trolleys can either be single sided or double sided and generic bin fixing rails allows fixing of smaller as well as medium sized bins. It allows 100% accessibility to all bins as it is not stacked one on top of another.
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Fami perfoboards are ideal for categorical storage of tools. Several types of hooks are available as accessories to cater to different type of tools such as spanners, screw drivers, drill bits, pliers, hammers, scissors, oil containers, bins etc. These perform boards can either be wall mounted or fitted at the back of workbenches.
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Conductive Bins
Fami ESD bins are specially designed for electronics industry. It is made of special conductive plastic fami 408 l. Base material: polypropylene copolymer with carbon black as conductivity additive.
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Non-Slip Mat
Fami anti slip mats are extremely useful in areas where chances of oil spillage are high. These mats are portable and can be laid across based on the layout required (around machinery/lines). Non-slip matting can cover electrical cables running along the floor safely and is designed keeping in consideration convenient trolley or equipment movement on top. The special relief pattern on the surface guarantees maximum adherence, even in wet conditions. They are available with perforated and solid surface variants.
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Bench Vices
Fami manufactures the worlds best class steel and cast iron bench vices. Steel bench vices come with varying jaw widths: 80mm, 110mm, and 130mm as front opening and 120mm as rear opening. Cast iron bench vices comes with varying jaw widths: 100mm, 120mm, 150mm as rear opening
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Multi box
Fami multi boxes are ideal for small component storage within bins so that movement of entire lot becomes easier. Multi boxes are available in 10 different sizes. The galvanized steel safety guard prevents the boxes from accidentally falling out of the stacking housings. Transparent polystyrene dividers and labers are available for segregating and identification of small components. A special handle supplied on request makes it easy to lift and carry the multi boxes.
Practibox
Fami practibox systems are ideal for small components storage like nuts, bolts, washers, rivets, bushes, etc Practibox systems are made out of abs structure with transparent polystyrene compartments having high mechanical resistance. Systems allow easy front opening of compartments. Wide range of fitting options include wall fixing, container trolley, rotary tower, vertical drawer based system for lock and key provision.
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Store Van
Store van is an innovative system with components imported from fami spa, italy to convert any commercial vehicle to a completely customized on/off road service vehicle. Internal components include workstations for repair or assembly works, storage cabinets for storage of tools/spares, anti-skid rubber mats to avoid movement and mixing of stored parts while driving the vehicle. Store van designs are completely modular with no welding required to the vehicle body. Store van designs are crash test verified as per European regulations ece-r17 with impact at 50 km/hr. Store vans come with a warranty of 3 years.
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28%
Fig no. 1 Interpretation: y From above pie chart we see that 28% of the customers are aware of Godrej-Fami storage solutions and 72% of the customers are still not aware of these equipments. y It shows that a large percent of market is unexplored and these products need a good promotion.
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B. Number of aware customers who using our product : Table no. 2: shows number of aware customers who using Godrej-Fami storage Solutions. Aware customers Users Non Users Total No. 5 22 27 Percentage 19 81 100
Fig no. 2
Interpretation: y Only 19% of the customers are using GODREJ-FAMI storage solutions. Because knowledge of the company is very less also cost is very high.
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C. Non users of storage solutions equipments who are willing to use these equipments: Table no. 3: shows the data of customers willing to use GODREJ FAMI storage Solutions . Non users Willing to use Not willing to use Total frequency 30 40 70 Percentage 42 58 100
42%
Fig. no. 3 Interpretation: y 42% of the non users of the company (customer) are willing to use these equipments. y Above data shows a great opportunity in the market for the the manufacturers of storage solutions
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Shows the number of companies visited in different sectors Table no. 9: Shows the no. of companies visited in different sectors: Sectors General Engineering Auto & Auto ancillary Logistics Textile Others Total No. of Companies visited 35 26 15 8 13 97
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1. General Engineering: Awareness of GODREJFAMI storage solutions in general engineering: Table no. 10: Awareness of GODREJ-FAMI storage solutions in general engineering Awareness customer Aware Not aware Total 09 26 35 26 74 100 of No. of companies Percentage
26%
Fig. no. 9
Interpretation: y In this sector more customers not aware Fami storage solutions.
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2. Auto & Auto ancillary Sector: Awareness of GODREJ-FAMI storage solutions in auto & auto ancillary Sector: Table no. 11: Awareness of GODREJFAMI storage solutions in auto & auto Ancillary sector. Awareness Aware Not aware Total No. of companies 6 20 26 Percentage 24 76 100
Aware ess f
EJFAMI st rage s l ti
24%
Fig. no. 10
Interpretation: y In this sector awareness level of GODREJ-FAMI storage solutions low. y They already taken from different company so requirement there .
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3. Logistics Industry: Awareness of GODREJ-FAMI storage solutions in logistics sector: Table no. 12: Awareness of GODREJFAMI storage solutions in logistics sector . Awareness Aware Not aware Total No. of companies 7 8 15 Percentage 47 53 100
Fig. no. 11
Interpretation: y In this sector also more customers are not aware Fami storage solutions. y The knowledge of the company very low , need to promote the product.
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4. Textile industry: Awareness of GODREJ-FAMI storage solutions in textile industry: Table no. 13: Awareness of GODREJFAMI storage solutions in textile industry. Awareness Aware Not aware Total No. of companies 0 4 4 Percentage 0 100 100
Fig no : 12
Interpretation y The textile industry has 0% knowledge of Fami storage solutions. so we can more meet textile industry to give catalogue of our procucts.
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5. Other Sectors: Awareness of GODREJ-FAMI storage solutions in other industry: Table no. 13: Awareness of GODREJ-FAMI storage solutions in other industry. Awareness Aware Not aware Total No. of companies 5 8 13 Percentage 38 62 100
38%
Fig. no. 13
Interpretation: y Other sector includes government sectors, Food and beverages, papers and allied, IT sector etc. y Awareness level of GODREJ-FAMI storage solutions low.
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E. Modes adopted to get information regarding storage solutions. Table no. 4: Shows the mode adopt to get information regarding storage Solutions. Sources Internet Yellow pages/just dial Exhibition Any other total No. of companies 22 45 18 12 97 Percentage 22.6 46.4 18.6 12.4 100
22.6 18.6 12.4 mode do they adopt to get information regarding storage solutions .
Internet
yellow pages/justdial
Exibition
Any other
Fig. no. 4 Interpretation: y Internet and Just dial are two strong mode do they adopt to get information regarding storage solutions. y For purchasing product of storage solutions they directly contact with company.
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F. The delivery period customer would expect. Table no. 6: Shows the delivery period customer would expect. Sources In 2-3 weeks 3-6 weeks 6-9 weeks More than Total No. of companies 45 32 15 5 97 Percentage 46.4 32.9 15.5 5.2 100
Fig. no.6 Interpretation: y 46.4% percent of customer would expect within 2-3 weeks. y It shows that companies need urgent requirement of the products.
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G. Factors influencing the selection of products. Table no.7: shows the data for the factors influencing the selection of a brand. Factor No. of response in favor Percentage of a particular factor Price Brand name durability esthetics overall total 37 25 12 10 13 97 38.2 25.0 13.0 10.3 13.5 100
Price
esthetics
overall
Fig. no. 7 Interpretation: y We see that price is the most important factor for the selection of a product in storage solutions. y Quality & features and spare part availability are also very important for most of the company.
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H. After showing our company product, Number of companies interested in our product. Table no 8: Number of companies interested in our product. Awareness Interested Not interested Total No. 29 68 97 Percentage 29.9 70.1 100
29.9%
Fig no. 8 Interpretation: y From above pie chart we see that 57% of the customers interested to go our product and 44% of the customers not interested to go our product. y It shows that a large percent of market is unexplored and these products need a good promotion.
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27
Interpretation: y From above pie chart we see that 27% of the dealers are aware of Godrej-Fami storage solutions and 73% of the customers are still not aware of these equipments. y It shows that a large percent of market is unexplored and these products need a good promotion. y Dealers not aware because Lack of knowledge about the product .
Fig no. 14
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B. The different products the dealers deal with. Table no 15: different products the dealers deal with. Tools cabinets Trolleys Shelving system Any other Total 25 7 16 13 10 71 35 10 23 18 14 100
Fig. no. 15 Interpretation: y Maximum dealers dealing with tools with 35%, so the our company can meet the tools dealers they can get business from them.
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C. Dealers expectation of margin. Table no 17: Dealers expectation of margin in terms of percentage. Sources 25% 30% 35% 40% More than Total No. of companies 0 7 14 18 16 55 Percentage 0 13 25 32 30 100
Fig. no. 17 Interpretation: y 40% of the margin in terms percentage dealers expected.
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D. The delivery period dealers would expect. Table no. 18: Shows the delivery period dealers would expect. Sources In 2-3 weeks 3-6 weeks 6-9 weeks More than No. of dealer 19 14 6 1 Percentage 47 35 15 3
Fig. no. 18 Interpretation: y 47% percent of customer would expect within 2-3 weeks. y It shows that urgent requirement of the product.
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E. The number of dealers interested in dealership. Table no 16: Number of dealers interested in dealership. Awareness Interested Not interested Total No. 9 6 15 Percentage 60 40 100
40%
60%
Fig no. 16 Interpretation: y From above pie chart we see that 60% of the customers interested to go our product and 40% of the customers not interested to go our product. y It shows that a large percent of market is unexplored and these products need a good promotion.
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2.2 FINDINGS
y No proper Advertisement
It has an opportunity to capitalize its sales growth by taking the advantage on Peoples faith.
y There is no communication with the customers after the selling of the product.
y Many customers fail to register their complain y Godrej has become no. 1 in Orissa due to the Exchange offer rather its Brand impact
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2.3 CONCLUSION
After the successfully completion of my summer internship I understood that market research is an important aspects for a company through out the life cycle of a particular product. Hereby I would like to conclude by saying that it was a great experience doing this project. It was a great experience practically experiencing what we had learnt till now It helps in knowing the changing taste, preference, life style etc. of the consumer. During the training I found the getting accurate response from the customers due to their inherent problems. They may be partial or may refuse to cooperate. . In this project I came to conclusion that Godrejs is the market leader in branded storage solutions but there are a lot of scopes for enhancing their market share. Whereas in the storage systems segment they need to work a lot in building their brand reputation because they are very new to this sector. Fighting against established brands like nilkamal, Indo-built and local players would prove to be tough but with their brand strength they can always succeed.
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2.4 SUGGESTIONS
y Company should focus on pricing policy in comparison to its competitors because its competitors provide same products in lower rates. y The company should have to focus better design for product. y The company should focus on their after sale services. y Company Should Increase Man Power for sales. y The customer rate quality of the service as the most relevant one and hence Godrej should maintain the quality in products and after Sale services and should make improvements in this feature. y Many of dissatisfied Dealers asked for more information about New schemes .So The dissatisfaction may be due to not providing the latest news about new schemes y The product design is not So charming As Compare to , LG and Samsung. As per survey most of dealer discuss about it sale which Is down due to design. y Any complaint is observed from the dealers, it should be dealt quickly. This will reduce the chance for dissatisfaction. y Company should try to Maintain competitive prices for consumers ,And should focus on these to keep the brand image in the minds of people. y Market strategies of home appliances providers should emphasize in price strategy. y If any complaint is observed from the consumer, it should be dealt quickly. This will reduce the chance for dissatisfaction. so the company have to a customer care as other industries
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RECOMANDATION
y It should do its advertisement by distributing its leaflets which will be ver less expensive. y It can get publicity by organizing interesting games with small prizes. y The companies should give efficient and effective services to the customer. So the product performance shall be better to give equip. Long life and accuracy & that leads to the growth of need in the security. y There should be improvement in advertising/sales promotional activities at different level of market to improve the need. y The companies should try to minimize the price (costs) to the customer & quality should be upgraded so that they will not affect the need and market. y The companies should try to focus on particular product for the particular industry or organization that simply means to classify the needs.
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Books referred: Research methodology-C.R. Kothari Marketing research by dr. karunakaran Philip Kotler and Koshy Jha, Marketing Management
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d) Above
b) No
4) what mode do you adopt to get information regarding storage solutions ? a) Internet b) yellow pages /just dial
c) Exhibitions
e) Any other
5) Are you touch with any Dealer/ company for storage solutions? a) Yes b) no
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a) Yes
b) No
a) Yes
b) No
8) Kindly rate the following parameters from 1 to 5 on the basis of selecting a product a) Price b) Durability c) Brand name
d) Aesthetics
e) Option
9) What is the delivery period you would accept? a) 2-3 weeks b) 3-6 weeks
c) 6-9 weeks 10) Are you currently using any such products? a) Yes
d) more than
b) No
If yes, which make__________________________________________________ 11) Would you be interested to go for our products? a) Yes b) No
If yes, can you ask concerned engineers to get in touch with you? a) Yes b) No
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Phone: ____________________________________________________________ 1) What is your organization name and when it was incorporated? Ans: _________________________________________________ 2) What are the products you are dealing with? Ans : a) Tools c) Trolleys b) Cabinets d) shelving system
e) Any other: ___________________ 3) What is the turnover of your company? Ans: a) 1-25 lacks c) 50-100 lacks b) 25-50 lacks d) above
4) Which company product do you represent? Ans: a) ______________________________ 5) Are you aware GODREJ - FAMI storage system?
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Ans : a) Yes b) No If yes please mention how_______________ 6) Are you interested in dealership? Ans: a) Yes b) No
7) What is your expectation in terms of percentage? Ans: ________________________% 8) Which products do you looking TO? Ans: _________________________ 9) What time you need the delivery? Ans: a) 2-3 weeks c) 6-9 weeks b) 3-6 week d) more than
10) Would you stock and sell the product? Ans: a) yes b) no
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