Project of IFB 01

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    [1]

    Project Title

    To understand pre purchase decision making process for

    IFB products

    (WM and MWO)

    Prepared by:

    Ranbir Kumar Singh

    Roll No:-111309

    PGDM (2011-2013)

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    Declaration Certificate

    I Ranbir Kumar Singh, hereby declare that this project titledTo understand pre purchase decision making process forIFB products (WM, and MWO) with special reference to IFBindustries Ltd, Patna. It is based on original project studyconducted by me under the guidance of head of department,Mr. Deepak Prakash (Branch Manager, IFB Industries Ltd,Patna), Miss Tripti Jha (Business Manager, Domestic homeappliances, IFB Industries Ltd, Patna) and Mr. Ashish Mishra

    (Business Manager, Commercial appliances and Institutionalsales, State of Bihar, IFB Industries Ltd, Patna I further declarethat this project has not previously formed the basis of theaward of any degree or Diploma or similar title of recognition.

    Place: PatnaDate: (Ranbir Kumar Singh)

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    Certificate of approval

    It is certified that this dissertation titled To understand pre

    purchase decision making process for IFB products (WM,and MWO) (with reference IFB Industries Ltd, Patna) isbased on an original project study conducted by Ranbir KumarSingh of 3rd Trimester of PGDM under my guidance. He hasattended the required sessions held.This project report has not formed the basis of the award of anydegree / diploma by University or Institutions.

    Place: Patna

    DATE:-

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    Acknowledgment

    I would like to express my profound gratitude to all those whohave being instrumental in preparation of my project report.This project would not have been possible without the supportof many people. I would like to thanks head of department, Mr.Deepak Prakash (Branch Manager, IFB Industries Ltd, Patnafor his support and help. I would like to say thanks to my guide,Miss Tripti Jha (Business Manager, Domestic homeappliances, IFB Industries Ltd, Patna), Mr. Ashish Mishra

    (Business Manager, Commercial appliances and Institutionalsales, State of Bihar, IFB Industries Ltd, Patna) for her silentand meaningful guidance towards the career development.Who impressed me with his dedication and sincerity to thesubject of Marketing Management?

    Last but not the least my special thanks to my Parents and

    family members who supported me and my dear friends whoencouraged me.

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    Content Page

    Serial No. 1 Project Title Page No 1Serial No. 2 Declaration Certificate Page No 2Serial No. 3 Certificate Approval Page No 3

    Serial No. 4 Acknowledgment Page No 4Serial No. 5 Content Page Page No 5Serial No. 6 Objective of study Page No 6Serial No. 7 Introduction Page No 7 to

    8Serial No. 8 Company Profile Page No 9 to

    10Serial No. 9 Project Description Page No 11

    to 12Serial No. 10 Research Methodology Page No 13

    to 14Serial No. 11 Response of 50 customer Page No 15

    to 20Serial No. 12 Data analysis & Interpretation Page No 21

    to 54Serial No. 13 Finding Page No 55

    to 56Serial No. 14 Conclusion and methodology Page No 57

    to 58Serial No. 15 SWOT Analysis of IFB Home

    appliancesPage No 59to 61

    Serial No. 16 Limitation Page No 62Serial No. 17 Questionnaires Page No 63

    to 68

    Serial No. 18 Bibliography Page No 69

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    Objective of study

    To identify buying pattern of fully automatic washing

    machine & microwave oven

    To evaluate the alternative preferences of the customer.

    To identify how price, feature, service affect sales of

    Washing Machine

    To study responsible factor to increase sales of Washing

    Machine and Microwave Oven in Bihar market

    To identify the scope of the Washing Machine and

    Microwave Oven

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    Introduction

    IFB Industries Limitedis Indias leading home appliances andfine blanks producer. The company was known as Indian FineBlanks Ltd. It started operations in 1974 in collaboration withHienrich Schmid AG of Switzerland. The company got listed onthe BSE in 2000. Today, the company manufactures fine Blank

    components such as straighteners, Decoilers and strip loadersas well as other engineering components, and homeappliances such as washing machines, dishwashers,microwaves, hobs, Chimneys and other cooking appliances. Itsmanufacturing plants are located at Kolkata andGangarampur (West Bengal), Selcete and IIhas (Goa),Bhopal (Madhya Pradesh) and Bangalore. Its registered andcorporate office is located at Kolkata.

    Established player in home appliances segment

    IFB Industries Limited has an established market position inthe home appliance segment. The company manufactureshome and kitchen appliances such as washing machines,washer dryer, laundry dryer, Dishwasher, Microwave oven,hobs, chimneys and other cooking appliances. In FY10, the

    home appliances segment contributed almost 82% of revenues.The company also manufactures engineering products like fineblanked components, cushion plate for seat recliners, K12tongue for seat belt assembly, door latches, gear shift selectorfor transmission, gear shifter for transmission, rotor segment foraircrafts, plate valve for compressors, gears, etc for two-wheelers. Clients for its engineering products include MarutiSuzuki, Ford India, Fiat India, Toyota Kirloskar Motors, Lucas

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    TVS, Brakes India, Rane TRW, Bosch Chasis, TVS Motor Co,Yamaha Motorcycles, Honda Motorcycles & Scooters India,Royal Enfield, Hero Honda, L&T, SKF, etc. In FY10, fine blanksand engineering operations contributed 18% to total revenue inFY10.

    Strengthening its reach in tier 2 and tier 3 towns

    IFB Industries Limited is strengthening its distribution networkin tier 2 and tier 3 towns and focusing on marketingprogrammes for semi-urban and rural markets.

    The company has a 24-hour tele-helpline service for queries. Itdelivers to over 1,600 locations in India.

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    Company Profile

    Company Name

    Indian Fine Blanking Industries Limited

    Head Office Address

    IFB Industries Head Office Address:

    Flat No.IND-5 Sector-1East Kolkata Township

    Kolkata: 700088

    West Bengal, India.

    IFB Industries Phone Number: (33) 39849524 39849475IFB Industries Website:www.ifbbangalore.com

    Company Status

    IFB Industries Limited is a US$ 250 million diversified

    business house having interests in appliances, automotivecomponents, alcohol and marine foods. Our businesses enjoy

    leadership status and in most product categories have a

    dominant market share. The businesses are built on the ethos

    of quality, technology and customer focus as well as financial

    prudence. The IFB brand enjoys very strong equity in the

    minds of the customers and is amongst the most desired

    brands in India.

    http://www.ifbbangalore.com/http://www.ifbbangalore.com/http://www.ifbbangalore.com/http://www.ifbbangalore.com/
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    The businesses are growing at an average of about 30% and

    are on an expansion spree leading to requirement of

    knowledgeable people in the following areas:

    Appliances

    Front loading washing machines

    R&D

    Quality

    Purchase

    Manufacturing

    Auto Components

    Fine Blanking

    Tooling

    Design

    Process Engineering

    Quality & Manufacturing

    Seat Mechanisms Manufacturing & Quality

    Window Lifter

    Manufacturing & Quality

    Automotive Motors Window Lifter motors

    R&D

    Manufacturing & Quality

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    Project Description

    Consumer Decision Making Processes

    By Ken Matsuno

    Traditionally, consumer researchers have approached decision

    making process from a rational perspective. This dominantschool of thought views customers as being cognitive (i.e.,

    problem-solving) and, to some but a lesser degree, emotional. i

    Such a view is reflected in the stage model of a typical buying

    process (often called the consumer information processing

    model) depicted in Figure.

    Problem Recognition

    Information Search

    Evaluation and Selection of Alternatives

    Decision Implementation

    Post-purchase Evaluation

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    Figure 1 the Consumer Information Processing Model

    Source: Adopted from Kotler (1997), Schiffman and Kanuk

    (1997), and Solomon (1996)

    In this model, the consumer passes through five stages:problem recognition, information search, evaluation and

    selection of alternatives, decision implementation, and post-

    purchase evaluation.

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    Research Methodology

    Meaning

    Research is an intensive and purposeful search for knowledge

    and understanding of social and physical phenomenon.

    Research is scientific activity undertaken to establish

    something, a fact, a theory a principle or an application. One

    can also define research as a scientific and systematic search

    for pertinent information on a specific topic. Infect research is

    art of scientific investigation. According to John W.Best

    Research is the systematic and objective analysis and

    recording of controlled observation that may lead to

    development of generalization, principles or theories resulting

    prediction and possibly ultimate control of events

    Source of Data Collection

    1. Primary Data

    In primary data collection, you collect the data yourself usingmethods such as interviews and questionnaires. The key point

    here is that the data you collect is unique to you and yourresearch and, until you publish, no one else has access to it.

    There are many methods of collecting primary data and themain methods include:

    questionnaires

    interviews

    focus group interviews

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    observation

    case-studies

    diaries

    critical incidents

    Portfolios

    2. Secondary Data

    In secondary data collection, the company uses informationfrom other sources that has already been researched bysomebody else. Instead of carrying out research yourself like inprimary research, you simply use somebody else's results thathave already been collected which have been carried out insimilar ways to how you would have carried it out.

    There are many methods of collecting secondary data and themain methods include:

    Websites Other companies reports Websites etc.

    I have collected both type of data, primary data andsecondary data (provided by company). I relied on the datagiven by respondents through questionnaire designed by me.

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    Response of 50 Customers through personal interviews

    Noofrespondent

    How didyou knowabout IFB?

    Are yousatisfied withservices andproduct?

    Do you knowabout fullyautomaticIFB washingmachine?

    Why didyou buyFront/TopLoadingmachine?

    Do youuse anyother IFBproduct?

    Which othercompany'sproduct haveyou seen in thedealer's shop?

    Whichcompany'sof MWO doyou use?

    1 TV Add Yes NotInterested

    No Samsung Non user

    2 Dealer Yes No NotInterested

    No Samsung, LG Non user

    3 News Paper Yes BestFeature

    No Not Remember Non user

    4 Brand Loyal(All familyuse IFB)

    Yes (fuse)vibration

    Yes Brand Loyal No Samsung Non user

    5 Existingcustomer ofWM

    YES Want(TROLLY +cover)

    Yes BestFeature

    WM Godrej Non user

    6 Exchangeoffer

    (Internet)

    Not Satisfy(after many

    call noResponsefrom serviceside)

    Yes No option(he has to

    exchangehismachine)

    No Did not see (Hegot home

    delivery)

    Non user

    7 Existingcustomer ofWM(since1999)

    Yes Yes BestFeature

    No Not interested Non user

    8 Dealer Cant say No BestFeature

    Evening Non user

    9 Friend Yes Yes Brand Name No Not Remember Non user

    10 Existingcustomer ofWM

    Not Satisfied(serviceperson shouldvisit in everytwo month)

    Yes BestFeature

    Yes LG, Samsung IFB

    11 Dealer Yes No Best feature(Suggestedby Brother )

    No Not interested Non user

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    12

    Existingcustomer ofWM

    Yes Yes

    BestFeature, lesswaterConsumption

    No Whirlpool Non user

    13 Dealer Yes No Brand Name Yes LG, Samsung(Dealer try to sellother company's

    product)

    IFB

    14 Existingcustomer ofWM

    Yes Yes Best Feature No Not interested Non user

    15 HisDaughter(Hisall familymembers areuser of IFBProduct)

    Yes Yes Best feature(Suggestedby Daughter,Son, )

    No Samsung Non user

    16 Suggestedby Dealer

    Yes No Best feature Yes LG, Samsung IFB(25SC3)

    17 Dealer Yes No MicrowaveUser

    No Bajaj, Kenstar,LG

    IFB

    18 Dealer Can't say (tillnow, I didn'tneed anyservices)

    No Best featureknown byfriend

    No I see only IFB Non user

    19 Dealer (litecorner)

    Yes No MicrowaveUser

    Yes Not Remember IFB

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    20 Suggestedby Friend

    Yes Yes Best feature,latesttechnology

    No LG Non user

    21 Smartcustomer

    Yes Yes Best feature No Not interested NotInterested

    22 Internet Yes No MicrowaveUser

    Yes Home delivery IFB

    23 Suggestedby Relative

    Not satisfied(serviceperson toldthat I willprovide youtrolley, coverafter one weekand till now hedid not come )

    Yes Yes Yes (Argo6512R)

    Not interested IFB

    24 suggestedby Relative(Want to buyMicrowave

    Oven)

    Yes Yes Best feature No LG, Samsung Non user

    25 ExistingCustomer (Hesuggestedso manyfriend to buyIFB Product)

    Yes Yes Best quality, No Not Interested(only IFB)

    Non User

    26 Internet Yes Yes Best quality, Microwaveoven

    Whirlpool IFB

    27 Suggestedby Relative(they areusing for 20Year)

    Yes Yes Brand loyalBest quality,(In relationthey areusing for 20year withgoodperformance)

    No Samsung, LG Non user

    28 Suggestedby dealer(Elite)

    Yes Yes Best quality No Kenstar, LG,Samsung

    Non user

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    29 Suggestedby friend

    Yes Yes Best feature No Only IFB Non user

    30 Existingcustomer ofIFB WM(4thIFB washingmachine)

    Yes Yes Best quality No Buy throughexchange offer

    LG,Samsung

    31 Existingcustomer ofIFB WM(Forten year)

    Yes Yes Best quality No Videocon,Samsung, LG,whirlpool

    Non user

    32 Friend Yes Yes MicrowaveUser

    Washingmachine

    LG IFB

    33 Suggestedby brother

    No (Duringinstallationbehaviour of

    service personis not good)

    Yes Best feature No Whirlpool, LG Non user

    34 Suggestedby Relative

    Yes Yes Services,Best feature

    Washingmachine

    LG, Samsung IFB

    35 Suggestedby daughter

    Yes No Best feature Yes LG IFB

    36 Dealer Can't say (Tillnow, I didn'tneed anyservice)

    Yes MicrowaveUser

    Yes Whirlpool,Samsung

    IFB

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    37 SuggestedBy Otherfamilymember

    Yes No Best feature No LG Non user

    38 Internet No (Duringinstallationbehaviour ofservice personwas not good,

    they were notinstalling inproper way)

    Yes Best feature(Willing tobuy for 20Year)

    No Whirlpool, LG LG

    39 Suggestedby Son (he isuser of IFBWM)

    Yes Yes Best feature(Suggestedby Son)

    No LG Non user

    40 Suggestedby Friend (He is user ofIFB WM)

    Yes Yes Best Brand No Not interested inother Product(Only I Had tobuy IFB washingmachine)

    Non user

    41 Suggestedby relative(they areuser of IFBWM)

    Yes Yes Best feature No Whirlpool Non user

    42 Suggestedby Friend (He is user ofIFB WM)

    Can't Yes Best Brand No Not interested inother Product(Only I Had tobuy IFB washingmachine)

    Non user

    43 Internet Yes Yes Best product,Brand name

    No Home Delivery Non user

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    44 Suggestedby Dealer

    Can't say (Tillnow, I didn'tneed anyservice)

    No (I saw IFBwashing atdealer shop)

    Best product(Suggestedby Dealer)

    No LG, Samsung,Whirlpool

    Non user

    45 Dealer Can't say (Tillnow, I didn'tneed anyservice)

    No (I saw IFBwashing atdealer shop)

    Best product(Suggestedby Dealer)

    No Not remember Non user

    46 Suggestedby Dealer

    Yes Yes Best quality No LG, Samsung Non user

    47 Friend Yes Yes Best product No LG Non user

    47 Existingcustomer ofIFB WM(4thIFB washingmachine)

    Yes Yes Best quality No Whirlpool, LG,Samsung

    48 Dealer Cant say No Best Feature Yes Evening Non user

    49 Dealer Yes No Best Feature No Bajaj, Kenstar,LG

    IFB

    50 Suggestedby Relative

    Yes Yes Services,Best feature

    Yes LG, Samsung IFB

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    Data Analysis & Interpretation

    Consumer Pre purchase Behaviour Survey

    How people take purchase decision while purchasing

    Washing Machine?

    Graph and Analysis

    Sample size =50

    How customers know about IFB Washing Machine?

    Out of 50 sample size 23 were aware about the product

    through Friend & Relative, 13 through dealer, 9 are existingcustomer, 5 through internet.

    Inference

    Word of mouth plays significant role in advertisement, largenumber of Customers trusts on dealers word, Existingcustomers spread the name of the company and Internet also

    makes people known about the brand.

    Relative &Friend(existing

    customers of

    IFB)

    46%

    Internet

    10%

    Dealer

    26%

    Existing

    Customer

    18%

    Customers Response

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    Pie-Chart and Analysis

    Sample size =50

    How many customers are satisfied with services?

    Out of 50 sample size 80% people are satisfy with services,

    10% cant say because till now they didnt need any services

    and rest 10% people are not satisfied with the services due to

    irrelevant behaviour of services person during installation.

    Inference

    IFB provide best services to their customers after sales, we

    should also provide soft skill and technical training to our

    service persons; so that we can reduce complain against

    services related to their soft skill and technical knowledge.

    Can't Say

    10%

    No

    10%

    Yes

    80%

    How many % of Customers are satisfy

    with services

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    Pie-Chart and Analysis

    Sample size =50

    Awareness of IFB product among consumer

    Out of 50 samples size 42 customers are aware about the

    product from different source like friend, relative, Internet, and 8

    customers first see at the dealer shop.

    Inference

    Before purchasing 42 customers were aware about IFB product

    and word of mouth play important role for IFB products

    promotion.

    No

    16%

    Yes

    84%

    Awerness of IFB Washing Machine

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    Pie-Chart and Analysis

    Sample size =50

    Attributes of buying IFB Washing Machine

    Out of 50 samples size 25 Customers buy due to Best Feature,

    18 Customers due to Best Quality, and 5 Customers is Brandloyal and 2 Customers cant say.

    Inference

    Most of the customers take decision on the basis of feature,

    also customers believes on quality and some are brand loyal.

    Best Feature

    52%

    Best Quality

    36%

    Brand Loyal

    4%

    Can't Say

    8% Customers Response

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    Pie-Chart and Analysis

    Sample size =50

    What percent consumer use only washing and washing

    machine + Microwave oven

    Out of 50 samples size 72% Customers use single product and

    28% Customers use two products (In 28% customers 24%

    customers use IFB washing machine, microwave oven and 4%

    IFB washing machine, other microwave oven).

    Inference

    Due to best quality 24% consumer use IFB washing machine

    and microwave oven.

    Only washing

    machine

    72%

    Washing

    machine + IFB

    Microwave

    oven

    24%

    Washing

    machine +

    Other

    Microwave

    oven

    4%

    Customers Response

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    Pie-Chart and Analysis

    Sample size =50

    Other companys products available at dealer place

    Out of 50 samples size LG available at 50% dealer, Samsung

    at 26% dealer, whirlpool at 16%dealer, Videocon at 8% dealer.

    Inference

    Demand of LG is very good in market so dealers want to keep

    more LG product other than Samsung, whirlpool, Videocon.

    LG

    50%

    Samsung

    26%

    whirlpool

    16%

    Videocon

    8%

    Customers Response

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    Pie-Chart and Analysis

    Sample size =50

    Mode of purchasing while buying new washing machine

    Out of 50 samples size 90% customer purchase through dealer

    10% customer through internet.

    Inference

    45 Customers purchase through dealers so IFB shouldincrease their number of dealer to increase availability of IFBproduct.

    Internet

    10%

    Dealer

    90%

    Customers Response

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    Response of 30 Customers through personal interviews

    (for Washing machine)

    Cust

    ome

    r

    Phone

    No.

    Which

    brand

    (washi

    ng

    machi

    ne) do

    youwant

    to

    use?

    Which

    attribu

    tes do

    you

    look

    for

    purchasing

    washi

    ng

    machi

    ne?

    Which

    colour

    s of

    washi

    ng

    machi

    ne doyou

    prefer

    most?

    Which

    type

    of

    Washi

    ng

    Machi

    ne doyou

    like to

    use?

    Which

    attribu

    tes

    Influe

    nce

    your

    purchasing

    decisi

    on for

    washi

    ng

    machi

    ne?

    Are you

    aware

    about

    Fully

    Automati

    c Top

    Loader/Front

    Loader

    IFB

    washing

    machine?

    How do

    you

    take

    purchas

    e

    decision

    whilepurchasi

    ng

    washing

    machin

    e?

    To

    what

    extent

    warrant

    y period

    and

    othersales

    services

    effect

    your

    purchas

    e

    decision

    ?

    Which

    mode of

    purchasin

    g would

    you like

    to adopt

    to buynew

    washing

    machine?

    Wh

    o is

    the

    dec

    isio

    n

    ma

    ker

    to

    buy

    wa

    shi

    ng

    ma

    chi

    ne?

    W

    h

    o

    is

    us

    er

    ofw

    as

    hi

    n

    g

    m

    ac

    hi

    n

    e

    iny

    o

    ur

    fa

    m

    il

    y?

    1 Md

    Firoz

    98358894

    66

    IFB Qualit

    y

    Silver Top

    Loadin

    g

    Steam

    Wash

    Yes Own

    Decision

    Very

    Much

    From

    Dealer

    Self W

    if

    e

    2 Santos

    Kum

    ar

    9304455705

    LG Feature

    Silver TopLoadin

    g

    SteamWash

    Yes OwnDecision

    VeryMuch

    FromDealer

    Wife

    Wif

    e

    3 Md

    Jawe

    d

    94723689

    48

    Whirlp

    ool

    Qualit

    y

    Red Top

    Loadin

    g

    Steam

    Wash

    No Peer

    Suggesti

    on

    Very

    Much

    Exclusive

    Showroo

    m

    Wif

    e

    W

    if

    e

    4 Ram

    esh

    NA LG Brand White Top

    Loadin

    g

    Steam

    Wash

    No Own

    Decision

    Very

    Much

    Exclusive

    Showroo

    m

    Self W

    if

    e

    5 Rajn

    eshKum

    97988970

    80

    LG Featur

    e

    White Front

    Loading

    Steam

    Wash

    No Peer

    Suggestion

    Doesn't

    Matter

    Exclusive

    Showroom

    Wif

    e

    Al

    lfa

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    [29]

    ar m

    ily

    6 Neer

    aj

    98356999

    79

    Whirlp

    ool

    Qualit

    y

    White Semi

    Autom

    atic

    3D

    wash

    Syste

    m

    No Brand

    Awaren

    ess

    Doesn't

    Matter

    From

    Dealer

    Self S

    el

    f

    7 Vino

    d

    Kum

    ar

    94312130

    77

    Videoc

    on

    Featur

    e

    Silver Top

    Loadin

    g

    Air

    Bubble

    Wash

    No Own

    Decision

    Doesn't

    Matter

    Exclusive

    Showroo

    m

    Wif

    e

    W

    if

    e

    8 P

    Sinh

    a

    95348538

    96

    Samsu

    ng

    Qualit

    y

    White Top

    Loadin

    g

    Steam

    Wash

    No Brand

    Awaren

    ess

    Till

    Some

    Extent

    Exclusive

    Showroo

    m

    Self W

    if

    e

    9 Jiten

    dra

    93083340

    68

    Whirlp

    ool

    Featur

    e

    White Semi

    Autom

    atic

    Steam

    Wash

    Yes Own

    Decision

    Very

    Much

    Exclusive

    Showroo

    m

    Self W

    if

    e

    11 Sujata

    9771729860

    LG Quality

    White FrontLoadin

    g

    FoamContro

    l

    Yes OwnDecision

    TillSome

    Extent

    FromDealer

    Self Sel

    f

    12 Miss

    Ver

    ma

    93862805

    20

    IFB Featur

    e

    White Front

    Loadin

    g

    Steam

    Wash

    Yes Peer

    Suggesti

    on

    Till

    Some

    Extent

    From

    Dealer

    Self S

    el

    f

    13 Raje

    ew

    Ranj

    an

    98352683

    41

    IFB Qualit

    y

    Silver Front

    Loadin

    g

    Air

    Bubble

    Wash

    No Peer

    Suggesti

    on

    Very

    Much

    Exclusive

    Showroo

    m

    Wif

    e

    W

    if

    e

    14 Rajes

    h

    Ranj

    an

    99058008

    98

    IFB Brand Silver Front

    Loadin

    g

    Air

    Bubble

    Wash

    Yes Own

    Decision

    Very

    Much

    Exclusive

    Showroo

    m

    Self W

    if

    e

    15 Smit

    Kum

    ar

    NA Samsu

    ng

    Brand Red Top

    Loadin

    g

    Air

    Bubble

    Wash

    No Own

    Decision

    Very

    Much

    From

    Dealer

    Self W

    if

    e

    16 Ravi 0612-

    2267007

    LG Qualit

    y

    White Front

    Loadin

    g

    Steam

    Wash

    Yes Peer

    Suggesti

    on

    Till

    Some

    Extent

    Exclusive

    Showroo

    m

    Wif

    e

    W

    if

    e

    17 Amit 99875478

    76

    Samsu

    ng

    Featur

    e

    Silver Front

    Loadin

    g

    Air

    Bubble

    Wash

    Yes Brand

    Loyalty

    Doesn't

    Matter

    Exclusive

    Showroo

    m

    Self W

    if

    e

    18 Bhup

    endr

    a

    Kum

    ar

    99053622

    89

    LG Qualit

    y

    Red Top

    Loadin

    g

    Steam

    Wash

    No Own

    Decision

    Very

    Much

    Internet Wif

    e

    W

    if

    e

    19 Nitin

    Kum

    ar

    93046939

    59

    Whirlp

    ool

    Brand Red Semi

    Autom

    atic

    Steam

    Wash

    No Own

    Decision

    Very

    Much

    Exclusive

    Showroo

    m

    Wif

    e

    W

    if

    e

    20 Jinat 92347910

    92

    LG Brand Silver Top

    Loading

    3D

    washSyste

    No Own

    Decision

    Very

    Much

    Exclusive

    Showroom

    Self D

    au

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    [30]

    m g

    ht

    er

    21 Sarit

    a

    96084788

    75

    Samsu

    ng

    Qualit

    y

    White Front

    Loadin

    g

    Steam

    Wash

    Yes Brand

    Awaren

    ess

    Till

    Some

    Extent

    Internet Mo

    the

    r

    S

    el

    f22 Rohit

    Kum

    ar

    93084572

    14

    LG Featur

    e

    White Top

    Loadin

    g

    Air

    Bubble

    Wash

    Yes Own

    Decision

    Till

    Some

    Extent

    Exclusive

    Showroo

    m

    Self S

    el

    f

    23 Shuv

    am

    Kum

    ari

    93085138

    79

    IFB Featur

    e

    Silver Front

    Loadin

    g

    3D

    wash

    Syste

    m

    No Own

    Decision

    Very

    Much

    Exclusive

    Showroo

    m

    Mo

    the

    r

    S

    el

    f

    24 Sure

    sh

    Kum

    ar

    93043057

    58

    Whirlp

    ool

    Qualit

    y

    Silver Top

    Loadin

    g

    Steam

    Wash

    No Peer

    Suggesti

    on

    Very

    Much

    Exclusive

    Showroo

    m

    Self S

    el

    f

    25 Shel

    endr

    a

    Kum

    ar

    93344889

    95

    Whirlp

    ool

    Featur

    e

    Silver Front

    Loadin

    g

    Steam

    Wash

    Yes Brand

    Loyalty

    Very

    Much

    Exclusive

    Showroo

    m

    Wif

    e

    W

    if

    e

    26 Anita

    Devi

    85440664

    06

    LG Qualit

    y

    White Top

    Loadin

    g

    Steam

    Wash

    No Peer

    Suggesti

    on

    Very

    Much

    From

    Dealer

    Wif

    e

    W

    if

    e

    27 Arvin

    d

    Kum

    ar

    98354052

    87

    Samsu

    ng

    Brand Silver Top

    Loadin

    g

    Steam

    Wash

    No Own

    Decision

    Till

    Some

    Extent

    From

    Dealer

    Self S

    el

    f

    28 Fath

    er

    LG Brand Silver Top

    Loadin

    g

    Air

    Bubble

    Wash

    Yes Own

    Decision

    Very

    Much

    Exclusive

    Showroo

    m

    Wif

    e

    D

    a

    u

    g

    ht

    er

    29 Ajay

    Kum

    ar

    98356676

    11

    LG Qualit

    y

    Silver Top

    Loadin

    g

    Air

    Bubble

    Wash

    Yes Peer

    Suggesti

    on

    Till

    Some

    Extent

    From

    Dealer

    Self W

    if

    e

    30 Dene

    sh

    Kum

    ar

    93348159

    09

    Samsu

    ng

    Brand White Top

    Loadin

    g

    Steam

    Wash

    No Peer

    Suggesti

    on

    Till

    Some

    Extent

    Exclusive

    Showroo

    m

    Self W

    if

    e

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    [31]

    Data Analysis & Interpretation

    Consumer pre purchase Behaviour Survey

    How people take decision to purchase Washing Machine?

    Pie-Chart and Analysis

    Sample size =30

    Customers preference of brand

    Out of 30 respondents 36% have shown interest in purchasing

    Washing machine of LG, 20% of Samsung, 20% of Whirlpool,

    17% of IFB and rest 7% of Videocon.

    Inference

    Most of the people are aware about LG, Samsung, and

    Whirlpool and Customers are less aware about IFB and others.

    36%

    20%

    20%

    17%

    7%

    Customers Response

    LG

    Samsung

    Whirlpool

    IFB

    Videocon

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    [32]

    Pie-Chart and Analysis

    Sample size =30

    Desired attributes while buying washing machine

    While buying a washing machine 10 customers go for Quality,

    8 customers go for Feature, 7 Customer go for Brand, and rest

    5 go for price.

    Inference

    While purchasing washing machine most of customers look for

    Quality then they think about feature, brand and price.

    23%

    27%33%

    17%

    Customers Response

    Brand

    Feature

    Quality

    Price

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    Pie-Chart and Analysis

    Sample size =30

    Customers preference of colour

    Out of 30 respondents 12 customers prefer white colour, 11

    prefer silver colour, 4 white and rest prefer gray colour.

    Inference

    White and Silver colours are most preferable colour among

    customers. Red and gray is liked by less no of customers.

    40%

    37%

    13%

    10%

    Customers Response

    White

    Siver

    Red

    Gray

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    Pie-Chart and Analysis

    Sample size =30

    Type of washing machine prefer to use

    Inference

    Top loader washing machine is liked by most of the customers

    because it is more convenient in use and less no of customers

    liked front loader and semi automatic.

    53%

    10%

    37%

    Customers Response

    Top Loader

    Semi Autometic

    Front Loader

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    [35]

    Pie-Chart and Analysis

    Sample size =30

    Attributes which influence purchase decision

    Here stem wash is most preferable attributes which influence

    18 customers purchase decision then air bubble wash influence

    8 customer decisions after that 3D wash and foam control

    influence purchase decision.

    Inference

    Most of customers want to have steam wash feature because

    Baby cloths, kitchen cloths and stub dirt carrying cloths can be

    easily washed by steam wash feature, Customers also liked air

    bubble wash but 3D wash is liked by very less customers.

    60%

    27%

    10%

    3%

    Customers Presponse

    Steam Wash

    Air Bubble

    3D Wash

    Foam Control

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    [36]

    Pie-Chart and Analysis

    Sample size =30

    Awareness about fully automatic top loader/front loader IFB

    washing machine

    Out of 30 respondents 16 customers are aware about IFB fullyautomatic washing machine and 14 customers are not aware.

    Inference

    More than 50% customers are aware about IFB washing

    machine, large numbers of customers who want to buy washing

    machine, they dont know about IFB, so IFB needs to increase

    product awareness.

    53%

    47%

    Customers Response

    Yes

    No

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    Pie-Chart and Analysis

    Sample size =30

    Buying decision while purchasing washing machine

    Out of 30 respondents 15 customers Purchase through own

    decision, 9 through peer suggestion, 3 due to brand awareness

    and rest 3 due to brand loyalty.

    Inference

    More than 50% customers take self decision, large number of

    customer believes on word of mouth and some believes in the

    brand name.

    Own Decision

    52%

    Peer Suggestion

    31%

    Brand

    Awarnees

    10%

    Brand Lotalty

    7%

    Customer Response

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    [38]

    Pie-Chart and Analysis

    Sample size =30

    Place of purchasing

    Here 15 customers wants to purchase to washing machine

    through exclusive showroom, 10 customer through dealer and

    3 through internet and rest 2 customers want through retailer

    Inference

    50% customers wanted to purchase from exclusive showroom

    because there is more options for selecting a product, some

    wanted to purchase from dealers point because Dealers might

    provide in less price, and some liked to buy from retailer and on

    net.

    50%

    33%

    10%

    7%Customers Response

    Exclucive Showroom

    From Dealer

    Internet

    Retailer

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    [39]

    Pie-Chart and Analysis

    Sample size =30

    How warranty period affect sales of washing machine

    While purchasing washing machine 17 customer says warranty

    period affect very much, 9 customer says till some extant and 4

    customer says warranty period doesnt matter for me.

    Inference

    Most of customers believes in warranty because maintenance

    cost is very costly, some believe in warranty for some extent

    and some think it does not matter.

    57%

    30%

    13%

    Customers Response

    Very Much

    Till Some Extent

    Doesn't Matter

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    [40]

    Pie-Chart and Analysis

    Sample size =30

    Decision maker to buy washing machine

    While purchasing washing machine 16 customers take decisionthrough self, 12 customers take decision through wife and 3

    customers take purchase decision through mother.

    Inference

    At the time of purchasing more than 50% customers take self

    decision, 40% customers decision is affected by wife and in

    some cases mother takes decision.

    53%40%

    7%

    Customers Response

    Self

    Wife

    Mother

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    [41]

    Pie-Chart and Analysis

    Sample size =30

    User of washing machine

    Inference

    It has observed that in 60% cases wife is user, 27% ofcustomers liked to use it by self, in some cases it is used by

    daughter and other family members.

    60%

    27%

    6%

    7%

    Customers Response

    Wife

    Self

    Daughter

    All Family

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    [42]

    Response of 30 Customers through personal interviews(Microwave Oven)

    S.N

    o

    Cust

    omer

    Phon

    e No. Whic

    h

    bran

    d

    (Micr

    owa

    ve

    oven

    ) do

    you

    want

    to

    use?

    Which

    ttribut

    s do

    ou look

    or

    urchasi

    g

    ashing

    achine

    Which

    colour

    s of

    washi

    ng

    machi

    ne do

    you

    prefer

    most?

    Whic

    h

    type

    of

    Was

    hing

    Mac

    hinedo

    you

    like

    to

    use?

    Which

    attribu

    tes

    Influe

    nce

    your

    purcha

    sing

    decisi

    on for

    washi

    ng

    machi

    ne?

    Are you

    aware

    about

    Fully

    Automa

    tic Top

    Loader/

    Front

    Loader

    IFB

    washing

    machin

    e?

    How do

    you take

    purchase

    decision

    while

    purchasin

    g washing

    machine?

    To what

    extent

    warranty

    period

    and other

    sales

    services

    effect

    your

    purchase

    decision?

    Which

    mode of

    purchasi

    ng

    would

    you like

    to

    adopt

    to buy

    new

    washing

    machin

    e?

    Who is

    the

    decision

    maker to

    buy

    washing

    machine?

    Wh

    use

    wa

    ng

    ma

    ne

    yo

    fa

    ?

    1 Jinat 9234

    7910

    92

    Godr

    ej

    Brand Silver Conv

    ectio

    n

    Health

    y

    Cooking

    No Brand

    Awarenes

    s

    Very

    Much

    Exclusiv

    e

    Showroom

    Self Wif

    2 Sarit

    a

    9608

    4788

    75

    Sams

    ung

    Qualit

    y

    Black Conv

    ectio

    n

    Cooke

    ry

    classes

    No Own

    Decision

    Very

    Much

    Exclusiv

    e

    Showro

    om

    Mother Wif

    3 Rohit

    Kum

    ar

    9308

    4572

    14

    LG Featur

    e

    Black Grill Health

    y

    Cookin

    g

    Yes Peer

    Suggestio

    n

    Very

    Much

    Internet Self Sel

    4 Arvin

    dKum

    ar

    9835

    405287

    Sams

    ung

    Brand Silver Conv

    ection

    Cooke

    ryclasses

    No Own

    Decision

    Doesn't

    Matter

    From

    Dealer

    Self Sel

    5 Ram

    Kisho

    r

    9128

    2617

    80

    IFB featur

    e

    Silver Conv

    ectio

    n

    Start-

    Up Kit

    No Own

    Decision

    Very

    Much

    Exclusiv

    e

    Showro

    om

    Self Sel

    6 Ume

    sh

    Shar

    ma

    9839

    7769

    66

    IFB Qualit

    y

    Black Conv

    ectio

    n

    Start-

    Up Kit

    No Own

    Decision

    Very

    Much

    Exclusiv

    e

    Showro

    om

    Self Sel

    7 Kumar

    96312164

    Samsung

    Quality

    Black Convectio

    Healthy

    Yes BrandAwarenes

    Till SomeExtent

    Exclusive

    Wife Sel

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    [43]

    Vivek 94 n Cookin

    g

    s Showro

    om

    8 Pram

    od

    Kum

    ar

    9334

    2017

    02

    Whirl

    pool

    Featur

    e

    Black Grill More

    Auto

    Cook

    Menu

    Yes Peer

    Suggestio

    n

    Very

    Much

    Exclusiv

    e

    Showro

    om

    Wife Wif

    9 Arch

    na

    9430

    9548

    14

    LG Qualit

    y

    Red Grill Health

    y

    Cookin

    g

    No Own

    Decision

    Very

    Much

    From

    Dealer

    Self Sel

    10 Hrish 9128

    2617

    80

    Godr

    ej

    Featur

    e

    Black Solo Start-

    Up Kit

    No Own

    Decision

    Doesn't

    Matter

    From

    Dealer

    Wife Wif

    11 Shuv

    am

    Kum

    ari

    9308

    5138

    79

    IFB Qualit

    y

    Silver Grill Cooke

    ry

    classes

    No Own

    Decision

    Very

    Much

    Exclusiv

    e

    Showro

    om

    Self Wif

    12 Sures

    h

    Kum

    ar

    9304

    3057

    58

    Godr

    ej

    Brand Silver Conv

    ectio

    n

    Cooke

    ry

    classes

    No Peer

    Suggestio

    n

    Very

    Much

    Exclusiv

    e

    Showro

    om

    Wife Sel

    13 Shele

    ndra

    Kum

    ar

    9334

    4889

    95

    Sams

    ung

    Brand Red Solo Health

    y

    Cookin

    g

    Yes Own

    Decision

    Very

    Much

    From

    Dealer

    Self Wif

    14 Miss

    Verm

    a

    9386

    2805

    20

    LG Qualit

    y

    Black Conv

    ectio

    n

    Start-

    Up Kit

    Yes Own

    Decision

    Till Some

    Extent

    Exclusiv

    e

    Showro

    om

    Self Wif

    15 Raje

    ew

    Ranj

    an

    9835

    2683

    41

    Sams

    ung

    Featur

    e

    Silver Conv

    ectio

    n

    More

    Auto

    Cook

    Menu

    Yes Brand

    Loyalty

    Till Some

    Extent

    Exclusiv

    e

    Showro

    om

    Wife Sel

    16 Rajes

    h

    Ranj

    an

    9905

    8008

    98

    LG Qualit

    y

    Red Grill Start-

    Up Kit

    No Own

    Decision

    Very

    Much

    Internet Wife Sel

    17 Smit

    Kum

    ar

    9128

    2617

    81

    Whirl

    pool

    Brand Red Conv

    ectio

    n

    Cooke

    ry

    classes

    Yes Peer

    Suggestio

    n

    Very

    Much

    Exclusiv

    e

    Showro

    om

    Self Wif

    18 Ravi 0612

    -

    2267

    007

    LG Brand Silver Conv

    ectio

    n

    Health

    y

    Cookin

    g

    No Peer

    Suggestio

    n

    Very

    Much

    Exclusiv

    e

    Showro

    om

    Wife Sel

    19 Amit 9987

    5478

    76

    Sams

    ung

    Qualit

    y

    Black Grill Cooke

    ry

    classes

    No Brand

    Awarenes

    s

    Till Some

    Extent

    Internet Self Sel

    20 Bhup 9905 Godr Featur Black Conv Start- Yes Brand Till Some Exclusiv Mother Da

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    [44]

    endr

    a

    Kum

    ar

    3622

    89

    ej e ectio

    n

    Up Kit Loyalty Extent e

    Showro

    om

    ter

    21 Nitin

    Kumar

    9304

    693959

    IFB Featur

    e

    Silver Grill Start-

    Up Kit

    No Own

    Decision

    Very

    Much

    Exclusiv

    eShowro

    om

    Wife Sel

    22 Saroj 8002

    9505

    09

    Whirl

    pool

    Qualit

    y

    Black Grill Cooke

    ry

    classes

    No Own

    Decision

    Very

    Much

    Exclusiv

    e

    Showro

    om

    Self Sel

    23 Navi

    n

    Kum

    ar

    9931

    0744

    58

    Godr

    ej

    Featur

    e

    Black Conv

    ectio

    n

    More

    Auto

    Cook

    Menu

    No Peer

    Suggestio

    n

    Very

    Much

    Exclusiv

    e

    Showro

    om

    Self Da

    ter

    24 BipinKum

    ar

    96939533

    97

    LG Quality

    Black Convectio

    n

    MoreAuto

    Cook

    Menu

    No OwnDecision

    Till SomeExtent

    FromDealer

    Wife Wif

    25 Dr.

    Afroj

    Ahm

    ad

    9304

    0357

    26

    Sams

    ung

    Brand Silver Grill Start-

    Up Kit

    Yes Peer

    Suggestio

    n

    Till Some

    Extent

    From

    Dealer

    Wife Sel

    26 Rajes

    h

    9334

    1356

    00

    LG Brand Red Conv

    ectio

    n

    Health

    y

    Cookin

    g

    No Peer

    Suggestio

    n

    Very

    Much

    Exclusiv

    e

    Showro

    om

    Wife Da

    ter

    27 Sanja

    y

    Kum

    ar

    9304

    9910

    07

    LG Qualit

    y

    Silver Solo Start-

    Up Kit

    Yes Own

    Decision

    Very

    Much

    From

    Dealer

    Self Wif

    28 Rake

    sh

    kisho

    r

    Shar

    ma

    9234

    2299

    72

    Godr

    ej

    Brand Black Grill Cooke

    ry

    classes

    No Brand

    Loyalty

    Very

    Much

    Exclusiv

    e

    Showro

    om

    Self Sel

    29 Om

    Prak

    esh

    Shar

    ma

    9431

    0117

    04

    Sams

    ung

    Qualit

    y

    Black Conv

    ectio

    n

    Start-

    Up Kit

    Yes Peer

    Suggestio

    n

    Till Some

    Extent

    From

    Dealer

    Wife Sel

    30 J.P

    Agrw

    al

    9304

    0877

    31

    LG Brand Silver Conv

    ectio

    n

    More

    Auto

    Cook

    Menu

    No Own

    Decision

    Very

    Much

    From

    Dealer

    Wife Wif

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    [45]

    Data Analysis & Interpretation

    Consumer pre purchase Behaviour Survey

    How people take decision to purchase Microwave Oven?

    Pie-Chart and Analysis

    Sample size =30

    Customers preference of brand

    Out of 30 respondents 9 have shown interest in purchasing

    Washing machine of LG, 6 of Samsung, 6 of Whirlpool, 7 of IFBand rest 2 of Videocon.

    Inference

    Most of the people liked LG, Samsung is liked by less number

    of customers, IFB and Whirlpool has same awareness and

    Godrej is least preferred brand.

    30%

    23%17%

    17%

    13%

    Customers Response

    LG

    Samsung

    Whirlpool

    IFB

    Godraj

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    [46]

    Pie-Chart and Analysis

    Sample size =30

    Desired attributes while buying microwave oven

    While buying a washing machine 10 customers go for Quality,

    9 customers go for Feature, 7 Customers go for Brand, and rest

    4 go for price.

    Inference

    At the time of buying MWO, brand and quality are important

    factors to influence purchase decision and after that customers

    think about feature and price.

    34%

    20%

    33%

    13%

    Customers Response

    Brand

    Feature

    Quality

    Price

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    [47]

    Pie-Chart and Analysis

    Sample size =30

    Customers preference of colour

    Out of 30 respondents 12 customers prefer white colour, 11prefer silver colour, 7 white and rest prefer gray colour.

    Inference

    Black and Silver colours are most preferable among customers.

    47%

    33%

    13%

    7%

    Customers Response

    Black

    Siver

    Red

    Gray

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    [48]

    Pie-Chart and Analysis

    Sample size =30

    Type of Microwave Oven prefer to use

    From this pie chart we can interpret that 16 customers want to

    purchase Convection Microwave Oven, 9 want Grill, 4 want

    solo and only 1 customers like solar Dum.

    Inference

    Most of the customers want to use convection microwave oven

    because convection model carries all three functions (solo, grill,

    convection) Many customers dont know about solar Dum,

    Customers second choice is grill and Solo model is liked by

    fewer customers.

    53%

    31%

    13%

    3%

    Customers Response

    Covection

    Grill

    Solo

    Solar Dum

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    Pie-Chart and Analysis

    Sample size =30

    Attributes which influence your purchasing decision

    Here 9 customers want start-Up Kit, 8 customers want cookery

    classes, 7 customers wants healthy cooking, And rest 6

    customers wants more Autocook menu in microwave Oven.

    Inference

    Most of the customers wanted to have more accessories with

    starter Kit because it helps in cooking of different menu, some

    needed cookery classes and some needed healthy cooking

    feature and some needed more auto cook menu.

    28%

    24%17%

    31%

    Customers Response

    Cookery Classes

    Healthy cooking

    More Autocook Menu

    Start-Up Kit

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    Pie-Chart and Analysis

    Sample size =30

    Awareness about IFB Microwave Oven

    Out of 30 respondents 10 customers are aware about IFB

    microwave Oven and 20 customers are not aware.

    Inference

    Awareness of IFB MWO is less so we need to spread the

    brand awareness of MWO.

    33%

    67%

    Customers Response

    Yes

    No

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    Pie-Chart and Analysis

    Sample size =30

    How customer take purchase decision while purchasing

    Microwave Oven

    Out of 30 respondents 15 customers Purchase through own

    decision, 9 through peer suggestion, 3 due to brand awareness

    and rest 3 due to brand loyalty.

    Inference

    While purchasing MWO, most of customers trusts on self

    decision and some cosumers believe on peers suggestion.

    48%

    31%

    11%

    10%Customers Response

    Own Decision

    Peer Suggestion

    Brand Awarnees

    Brand Lotalty

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    Pie-Chart and Analysis

    Sample size =30

    Mode of purchasing Microwave Oven

    Out of 30 respondents 15 customers wants to purchase

    microwave Oven through exclusive showroom, 8 customers

    through dealer, and 2 through internet and rest 5 customers

    want through retailerInference

    Most of customers wanted to purchase from exclusive

    showroom because there is more options for selecting a

    product also Customers trust more on showroom, some wanted

    to purchase from dealers point because dealers might provide

    in less price and some liked to buy from retailer and on net.

    52%

    31%

    10%

    7%Customers Response

    Exclucive Showroom

    From Dealer

    Internet

    Retailer

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    Pie-Chart and Analysis

    Sample size =30

    How warranty period affect sales of microwave Oven

    While purchasing microwave Oven 19 customers says warranty

    period affect very much, 8 customers say till some extant and 3

    customers says warranty period doesnt matter for me.

    Inference

    Warranty period too much affects the buying decision; this is

    perception of most of the people, some think it affect for some

    extent and some think it does not matter.

    63%

    27%

    10%Customers Response

    Very Much

    Till Some Extent

    Doesn't Matter

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    Existing Customer

    1 PRODUCT 90% customer is satisfied with

    product and 10% are not

    satisfied.

    2 FEATURE 50% Customers buy due to Best

    Feature, 35% Customers due to

    Best Quality and rest dont

    know.

    3 BRAND

    4 Price 80% customer says price of IFBproduct according to product

    quality and they are satisfied

    with IFB pricing strategy.

    5 After Sales Service 80% customer is satisfied with

    services, 10% cant say and rest

    10% are not satisfied.

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    SUMMARY OF FINDINGS

    Our survey was confined within Patna only so theoutcomes and conclusions are not applicable for the entirestate or country.

    Our sample size was 50 general customers and, sosampling error might occur or may not be accurate.

    Many customers did not entertain us and did not want todisclose their internal information to us.

    We had limited time for doing the survey, preparing thereports and completing our projects.

    IFB washing machines have not strong presence atdealers have IFB washing machines in their stores.

    IFB had wide range of washing machines in both thesection to loading as well as front loading washingmachines.

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    IFB had a very strong market share in terms of sales offront loading washing machines as compare to toploading.

    The major competitors of IFB washing machines areSamsung & LG but whirlpool & Videocon are future threatfor IFB market share.

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    Conclusion

    IFB need to create public awareness in market & incurredheavily on promotional activities.

    Need to increase number of dealers at Patna, search fornew dealers in this region.

    IFB try to come up with special customize shop only forIFB products.

    Give much concern to exhibition on different location in

    Patna, where IFB can reach maximum and potentialcustomers.

    Need to capture as much display as it can in the stores forbatter sales.

    Dealers discounts and schemes should be maintained to

    satisfy dealers.

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    The brand promotional techniques like canopies, activities,free service camps, stage shows etc. should be donemore regularly to improve brand awareness.

    Brand promotional initiatives like personal relation, directcontact with customers using distribution channel shouldbe done.

    Improve the ambience and POP in the stores having IFBSproduct so that the customers mind can captured andsales can be promoted.

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    SWOT Analysis of IFB Home appliances

    Strength

    Brand image in Home Appliances DivisionIFB has a brand image in home appliances division and it

    is leading market in this segment with the major numberof customers of washing machine and microwave oven.

    Innovative productThe products are actually innovative and new in Indianmarket so they have a near monopoly in dishwasher aclothes dryer with maximum market share. So it attractsthe customers of higher class for mere luxurious life style.

    Compatible workforceThe company has a compatible work force which works inteam to give a new height to the company.

    Strong after sales serviceThe company is also providing best after sales service toits customers by the schemes like warranty, annualmaintenance contract and extended warranty.

    Durability/performance

    4 year 100% warranty & 10 year spears part support

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    Weakness

    Less brand awareness

    Less number of dealers so eventually less availability ofIFBs products.

    Less range of products in consumer durablesIt has less range of products which is not sufficient tocapture the whole market. Through some new productsare ready to be launch in coming year but also somesmall consumer durables like iron, water heater, cameraetc, Can be added.

    Products are for winter season but no product is speciallyfor summer seasonThe product like cloth dryer can be used in winter seasonmainly which comes just for 2 months in entire year. Suchproducts can only be purchased by north people due tohaving very less temperature in winter season. Thereshould be some summer products like refrigerator, AC,cooler, water cooler etc. So that it can be purchased inentire year and can capture the whole Indian market.

    Less promotional activitiesThere are no promotional activities for the promotion ofthe products. Even there is not any advertisement whichcan show the features and variety of products. This is thereason that there are very less sales of hobs andchimneys because people are not aware of its newproducts.

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    Opportunity

    Scope for growth in the rural marketIFB still have not covered the rural market of country. As

    India has its major population in rural areas, the company

    should focus towards the rural market.

    Scope in semi-automatic washing machine segment

    Trust by valued and existing customers

    IFB has opportunities because expense on white goods isincreasing day to day by common people.

    The trust in companys product by valued customers

    Threats

    Aggressive and effective promotional marketing initiativesused by competitors like TV ads, hoardings etc.

    Preference of customers and dealers of other brands likeLG, SAMSUNG etc. over IFB machine etc.

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    LIMITATION OF THE STUDY

    Since nobody is perfect in this world, everyone has somelimitation. So is the case with this study also. These are thefollowing limitations;

    a) Due to shortage of time, study was confined to specifiedareas of Patna.

    b) Some respondents were hesitant to disclose someinformation or have given incomplete information.

    c) There might have been some biased responses, and

    because of which findings may not be 100 % accurate.

    d) The information presented may not be accurate due to thelead-time between the time of collection and time ofpresentation of data.

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    Questionnaire

    Name.

    Location...

    Phone No.................................................................................

    Age- (1) 18-28 ( ) (2) 29-39 ( ) (3) 40-50 ( )

    (4) Above 50 ( )

    Gender - (1) Male ( ) (2) Female ( )

    Income- 15000-25000( ) 25000-35000( ) Above

    35000( )

    Washing Machine

    1. Which brand (washing machine) do you want to use?

    (a) LG

    (b) IFB

    (c) Whirlpool

    (d) Any other......................................................2. Which attributes do you look for purchasing washing

    machine?

    (a) Quality

    (b) Feature

    (c) Brand

    (d) Any other........................................

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    3. Which colours of washing machine do you prefer most?

    (a) Red

    (b) Silver

    (c) White

    (d) Any other Please Specify.....................................

    4. Which type of Washing Machine do you like to use?

    (a) Front Loading

    (b) Top Loading

    (c) Semi Automatic

    5. Which attributes Influence your purchasing decision for

    washing machine?

    (a) Steam wash

    (b) Air bubble wash

    (c) Foam Control

    (d) 3D Wash system

    6. Are you aware about Fully Automatic Top Loader/ Front

    Loader IFB washing machine?

    (a) Yes

    (b) No

    7. How do you take purchase decision while purchasing

    washing machine?

    (a) Own Decision

    (b) Brand Loyalty

    (c) Peer suggestion

    (d) Brand awareness

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    8. To what extent warranty period and other sales services

    effect your purchase decision?

    (a) Very much

    (b) Till some extent

    (c) Doesnt matter

    9. Which mode of purchasing would you like to adopt to buy

    new washing machine?

    (a) Retailer

    (b) Online

    (c) Exclusive showroom

    (d) Other

    10. Who is the decision maker to buy washing machine?

    (a) Self

    (b) Husband

    (c) Wife

    (d) Any other Please specify.............................................

    11. Who is user of washing machine in your family?

    (a) Wife

    (b) Maid

    (c) Other Please

    Specify.......................................................

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    Questionnaire

    Name.

    Location...

    Phone No.................................................................................

    Age- (1) 18-28 ( ) (2) 29-39 ( ) (3) 40-50 ( )

    (4) Above 50 ( )

    Gender - (1) Male ( ) (2) Female ( )

    Income- 15000-25000( ) 25000-35000( ) Above

    35000( )

    Microwave Oven

    1. Which brand do you choose while buying microwave

    oven?

    (a) LG

    (b) IFB

    (c) Samsung

    (d) Any other Please specify..........................

    2. Which attributes do you look for purchasing microwave

    oven?

    (a) Quality

    (b) Price

    (c) Brand

    (d) Any other........................................

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    3. Which colours of microwave oven do you prefer most?

    (a) Red

    (b) Silver

    (c) White

    (d) Any other Please Specify.....................................4. Which type of microwave oven do you like to use?

    (a) Solo

    (b) Grill

    (c) Convection

    (d) Solar Dom

    5. Which attributes Influence your purchasing decision for

    microwave oven?(a) Healthy cooking

    (b) Start-Up Kit

    (c) More auto cook menu

    (d) Cookery Classes

    6. Are you aware about microwave oven of IFB?

    (a) Yes

    (b) No7. How do you take purchase decision while purchasing

    microwave oven?

    (a) Own Decision

    (b) Brand Loyalty

    (c) Peer suggestion

    (d) Brand awareness

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    8. To what extent warranty period and other after sales

    services effect your purchase decision?

    (a) Very much

    (b) Till some extent

    (c) Doesnt matter9. What mode of purchasing would you like to adopt to buy

    new microwave oven?

    (a) Retailer

    (b) Online

    (c) Exclusive Showrooms

    (d) Other

    10. Who is the decision maker to buy microwave oven?(a) Self

    (b) Wife

    (c) Husband

    (d) Any other Please specify.............................................

    11. Who is user of microwave oven in your family?

    (a) Wife

    (b) Maid(c) Mother

    (d) Other Please Specify......................

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    BIBLIOGRAPHY

    www.ifbindustries.com

    www.ifbsappliances.com

    www.monycontrol.com

    www.topcompaniesinindia.com

    www.company.monsterindia.com

    http://www.ifbindustries.com/http://www.ifbindustries.com/http://www.ifbsappliances.com/http://www.ifbsappliances.com/http://www.monycontrol.com/http://www.monycontrol.com/http://www.topcompaniesinindia.com/http://www.topcompaniesinindia.com/http://www.company.monsterindia.com/http://www.company.monsterindia.com/http://www.company.monsterindia.com/http://www.topcompaniesinindia.com/http://www.monycontrol.com/http://www.ifbsappliances.com/http://www.ifbindustries.com/