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MM III - Group Assignment: Marketing Research for a Work Life Balance Mobile App Rahul Mandloi Rituparna Mohanty Somak Ghosh Soumya Ranjan Sahoo Vikrant Verma UM14337 UM14339 UM14348 UM14351 UM14363

Marketing Research - Hypothetical Work-Life Balance App, presented at XIMB

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MM III - Group Assignment:

Marketing Research for a Work Life Balance Mobile App

Rahul MandloiRituparna MohantySomak GhoshSoumya Ranjan SahooVikrant Verma

UM14337UM14339UM14348UM14351UM14363

Our App - 24

24

I am

People

Perform

Your Pulse

Sync NowInformation

24 – The App that balances the 24 hours of your day.

You’ve always struggled to balance your health, the people you care about, your dreams and your performance.

With the intelligent 24TM app that learns on the go, you can not only save your preferences and schedules but also sync them with those of your loved ones and your community.

What more, you can now get suggestions based on your meetings at work, your work performance and your social life as well. With 24TM you’ll never miss medication, a movie or a party – or simply a quiet moment with your loved ones.

24

Sync Now

Information

24 – The App that balances the 24 hours of your day

Your Pulse

Medicator

Life Plus

The Medicator syncs all the meds that people around you are supposed to take, so that you can remind your family

Life Plus suggests breathing exercises or a walk based on your stress level built up during your work

Back

24

Sync Now

Information

People

Care For Them

Shopaholic

InSync

Back

With Care For Them your loved ones are just a call away

Shopaholic makes sure that items you love on the internet are added to cart so that you remember them the next time you shop.InSync syncs your family’s schedules and makes sure that the planned outing is a perfectly timed and memorable one

24

Sync Now

Information

24 – The App that balances the 24 hours of your day.

Work Smart

NetworKing

With Work Smart you can now sit back and crunch the numbers without worrying about missing a deadlineNetworKing 24 understands the importance of your network and schedules coffee, lunches, meets

Mr Guide

Mr Guide suggests the kind of assignments that you are made for, based on your work design

Back

Perform

24

Sync Now

Information

Milestones

Vacation Planner

Back

I am

Wanderluster

Weekender

Milestones doesn’t let you forget those special days in your life. This feature syncs your community’s big.Wanderluster You’ll never miss your favourite TV show againVacation Planner makes sure that you take that well deserved break. Weekender Is it weekend already? Go to that ultimate party in town and be the animal that you were born to be

Interface Connectivity PriceCompatibility

with OS

User-friendly Offline FreeAndroid and

Windows

User-friendly Online FreemiumAndroid and

Windows

User-friendly Online Premium Windows-iOS

Highly loaded Offline Freemium Windows-iOS

Highly loadedBoth Online and

Offline PremiumAndroid and

Windows

Highly loaded Online Free iOS-Android

User-friendlyBoth Online and

Offline Freemium iOS-Android

User-friendly Offline Premium iOS-Android

User-friendlyBoth Online and

Offline Free Windows-iOS

24-Mobile App Profiles

Concepts: Overall Rating

-10

10

30

50

70

90

110

130

150

0

50

100

150

200

250

300

350

400

450

500

1 2 3 4 5 6 7 8 9 10 11

Concepts: Relevance Rating

-10

10

30

50

70

90

110

130

150

0

50

100

150

200

250

300

350

400

450

1 2 3 4 5 6 7 8 9 10 11

Concepts: Credibility Rating

-10

10

30

50

70

90

110

130

150

0

50

100

150

200

250

300

350

400

450

1 2 3 4 5 6 7 8 9 10 11

Concepts: Uniqueness Rating

-10

10

30

50

70

90

110

130

150

0

50

100

150

200

250

300

350

400

450

1 2 3 4 5 6 7 8 9 10 11

Intention to Try

-10

10

30

50

70

90

110

130

150

0

50

100

150

200

250

300

350

400

450

1 2 3 4 5 6 7 8 9 10 11

Analyses

Linear Regression Models when DV is Overall ratingModel

Model R R Square Adjusted R Square Std. Error of the Estimate

1 0.540944365 0.292620806 0.287354956 0.989500743

ANOVA

Model Sum of Squares df Mean Square F Sig.

1 Regression 163.2263303 3 54.40877676 55.56952858 4.42646E-30

Residual 394.5820235 403 0.979111721

Total 557.8083538 406

a. Predictors: (Constant), uniqueness, relevance, credibility

b. Dependent Variable: overallrating

Coefficients

Model Unstandardized

Coefficients

Std. Error

Standardized

Coefficients

Beta

t Sig.

1 (Constant) 1.645438491 0.295835152 5.562011409 4.86632E-08

relevance 0.442917775 0.050636266 0.399253403 8.747046576 6.0279E-17

credibility 0.217980164 0.052836953 0.19067211 4.125524899 4.49559E-05

uniqueness 0.089920938 0.043623886 0.095357538 2.061277563 0.039917514

a. Dependent Variable: overallrating

Linear Regression Models when DV is Intention to tryModel

Model R R Square Adjusted R Square Std. Error of the

Estimate

1 0.926549514 0.858494002 0.857463619 3.391737724

a. Predictors: (Constant), Uniqueness, Credibility, Relevance

ANOVA

Model Sum of Squares df Mean Square F Sig.

1 Regression 28754.38985 3 9584.796618 833.1791214 1.7252E-174

Residual 4739.600532 412 11.50388479

Total 33493.99038 415

a. Predictors: (Constant), Uniqueness, Credibility, Relevance

b. Dependent Variable: IntentionToTry

Coefficients

Model Unstandardized

Coefficients

Standardized

Coefficients

t Sig.

Std. Error Beta

1 (Constant) 1.085528354 0.196593028 5.521703211 5.95394E-08

Relevance -0.298081623 0.093515811 -0.344996954 -3.187499739 0.001544506

Credibility 0.518722572 0.07476627 0.614731077 6.937922339 1.55021E-11

Uniqueness 0.650215497 0.056016976 0.673997426 11.60747239 3.82187E-27

a. Dependent Variable: IntentionToTry

TG Identification: Results of Chi-Square AnalysisAge N * House Hold Income * Intention to Try (3 point scale)

Cross-tabulation

Intention to Try (3 point

scale)

House Hold Income

Total

Chi-

Square

sign<= 10

Lakhs

10- 20

Lakhs

20 - 30

Lakhs

1

Age

15-25yrs % 34.40% 12.50% 46.90%

.863

25-35yrs % 37.50% 15.60% 53.10%

Total

Count 23 9 32

Total % 71.90% 28.10% 100.00%

2

Age

2 % 28.80% 21.20% 1.50% 51.50%

0.954

3 % 28.80% 18.20% 1.50% 48.50%

Total

Count 38 26 2 66

Total % 57.60% 39.40% 3.00% 100.00%

3

Age

2 % 31.20% 20.80% 2.00% 54.00%

0.758

3 % 27.20% 15.30% 3.00% 45.50%

4 % 0.50% 0.00% 0.00% 0.50%

Total

Count 119 73 10 202

Total % 58.90% 36.10% 5.00% 100.00%

Gender * Work-Ex * Intention to Try (3 point scale) Cross-tabulation

Intention to Try (3

point scale)

WorkEx

Total

Chi Square

Sign<=1 year <=4 years > 4 years

1

Gender

M % 9.40% 56.20% 3.10% 68.80%

0.006

F % 21.90% 9.40% 0.00% 31.20%

Total

Count 10 21 1 32

Total

%31.20% 65.60% 3.10% 100.00%

2

Gender

M % 16.70% 42.40% 9.10% 68.20%

0.065

F % 15.20% 16.70% 0.00% 31.80%

Total

Count 21 39 6 66

Total

%31.80% 59.10% 9.10% 100.00%

3

Gender

M % 18.80% 42.10% 3.00% 63.90%

0.146

F % 14.90% 20.80% 0.50% 36.10%

Total

Count 68 127 7 202

Total

%0.337 0.629 0.035 1

TG Identification: Results of Chi-Square AnalysisAge N * House Hold Income * Overall Rating (3 point scale) Cross-tabulation

Overall Rating (3 point scale)

House Hold Income

Total

Chi-square

significance

<= 10

Lakhs

10- 20

Lakhs

20 - 30

Lakhs

1

Age

2 % 38.50% 7.70% 7.70% 53.80%

0.1333 % 15.40% 30.80% 0.00% 46.20%

Total

Count 7 5 1 13

Total % 53.80% 38.50% 7.70%100.00

%

2

Age

2 % 32.30% 22.60% 1.60% 56.50%

0.6973 % 29.00% 12.90% 1.60% 43.50%

Total

Count 38 22 2 62

Total % 61.30% 35.50% 3.20%100.00

%

3

Age

2 % 30.20% 20.00% 1.30% 51.60%

0.658

3 % 29.30% 16.00% 2.70% 48.00%

4 % 0.40% 0.00% 0.00% 0.40%

Total

Count 135 81 9 225

Total % 60.00% 36.00% 4.00%100.00

%

Gender * Work-Ex * Overall Rating (3 point scale) Cross-tabulation

Overall Rating (3 point scale)

WorkEx

Total

Chi-square

significance

<=1 year<=4

years

> 4

years

1

Gender

M % 23.10% 30.80% 53.80%

0.725F % 15.40% 30.80% 46.20%

Total

Count 5 8 13

Total % 38.50% 61.50%100.00

%

2

Gender

M % 21.00% 38.70% 6.50% 66.10%

0.151F % 19.40% 12.90% 1.60% 33.90%

Total

Count 25 32 5 62

Total % 40.30% 51.60% 8.10%100.00

%

3

Gender

M % 16.00% 45.80% 4.00% 65.80%

0.003F % 14.70% 19.60% 0.00% 34.20%

Total

Count 69 147 9 225

Total % 30.70% 65.30% 4.00%100.00

%

Utility and importance of features: Winner concept, section-wiseAttributes Levels Part Worth Range Relative Importance

App Interface

Plain Informative 0.00549

0.18230 42.84%Graphics&Text -0.09390

Graphics Loaded 0.08840

OS Platform

Android 0.03294

0.06182 14.53%Windows -0.02888

iOS -0.00406

Offline Usage

Updating Class Information -0.09372

0.18139 42.63%Accessing Academic

Information 0.00605

Archiving data 0.08767

Attributes Levels Part Worth Range Relative Importance

Interface

Single-level Interface

(User-friendly) -0.00499 0.20061 24.62%Multi-level interface

(Tech-loaded) 0.00499

Connectivity

Offline -0.19562

0.29565 36.29%Online 0.10003

Mix of offline and online 0.09558

Cost

free -0.06008

0.17025 20.90%freemium -0.05009

premium 0.11017

Compatibility with

OS

Android-Windows -0.04251

0.14817 18.19%iOS-Android 0.09534

Windows-iOS -0.05283

Attitudinal Segmentation

Factors identifiedFactor # Variables in Factor

Factor

LoadingsFactor Name

Factor 1

Without Luxury life doesn’t have any meaning. 0.584

Glam-LifeMy life will be incomplete if I don’t get a chance for frequent

international travel.0.739

Exotic food is a must for my life. 0.626

Factor-2

My spouse should add glamour to my life. 0.539

Social - visibilityWithout social work my life does not have any meaning. 0.785

My life will be incomplete if I do not get a chance to work for

India’s development0.811

Factor-3

To me success means money. 0.832

MaterialismTo me success means that I need to become powerful. 0.727

Without a Luxurious car life is incomplete. 0.501

Factor-4I can not live in small cities. 0.854

MetropolisOnly Mega cities can give me ample career opportunities. 0.895

Factor-5For me work-life balance is the most important thing in life. 0.863

CompletionIt is important for me that I enrich my parents’ life. 0.76

Clusters identified

Distances between Final Cluster Centres

Cluster 1 2 3 4

1 1.942 1.886 2.328

2 1.942 2.217 2.481

3 1.886 2.217 2.563

4 2.328 2.481 2.563

Number of Cases in each Cluster

Cluster

1 - The Social Worker 130.000

2 - The Show-men 67.000

3 - Empathetic Power-seekers 67.000

4 - The Value-seekers 44.000

Valid 308.000

Missing 56.000

Discriminant function/sCanonical Discriminant Function Coefficients

Function

1 2 3

REGR factor score 1 for analysis 1 .515 .842 -.175

REGR factor score 2 for analysis 1 1.062 -.961 -.182

REGR factor score 3 for analysis 1 .970 .588 .559

REGR factor score 4 for analysis 1 -.038 .298 -.996

REGR factor score 5 for analysis 1 -.365 -.075 .814

(Constant) .000 .000 .000

D = 0.515 * Extravagant + 1.062 * Socializer + 0.97 * Money-Minded + -0.038 * Ambitious + -0.365 * Righteous

D = 0.842 * Extravagant + -0.961 * Socializer + 0.588 * Money-Minded + 0.298 * Ambitious + -0.075 * Righteous

D = -0.175 * Extravagant + -0.182 * Socializer + 0.559 * Money-Minded + -0.996 * Ambitious + 0.814 * Righteous

99.0% of cross-validated grouped cases correctly classified

Clusters centroid on functions

Functions at Group Centroids

Cluster Number of CaseFunction

1 2 3

1 .836 -.288 -.921

2 -.899 1.813 .006

3 .868 -.286 1.766

4 -2.423 -1.474 .022

Segments’ response to winner conceptOverall Rating (3 point scale) * Intention to Try (3 point scale) * QCL_1 Crosstabulation

QCL_1Intention to Try (3 point scale)

Total1 2 3

The Social Worker

Overall Rating (3 point scale)

1 % 0.80% 0.00% 1.50% 2.30%

2 % 4.60% 7.70% 9.20% 21.50%

3 % 3.10% 11.50% 56.90% 71.50%

TotalCount 11 25 88 130

% 8.50% 19.20% 67.70% 100.00%

The Show-men

Overall Rating (3 point scale)

1 % 3.00% 0.00% 6.00% 9.00%

2 % 3.00% 14.90% 6.00% 23.90%

3 % 0.00% 16.40% 47.80% 64.20%

TotalCount 4 21 40 67

% 6.00% 31.30% 59.70% 100.00%

Empathetic Power

Seekers

Overall Rating (3 point scale)

1 % 3.00% 0.00% 0.00% 3.00%

2 % 7.60% 4.50% 3.00% 15.20%

3 % 12.10% 10.60% 59.10% 81.80%

TotalCount 15 10 41 66

% 22.70% 15.20% 62.10% 100.00%

The Value Seekers

Overall Rating (3 point scale)

1 % 2.30% 0.00% 2.30% 4.50%

2 % 2.30% 9.10% 6.80% 18.20%

3 % 0.00% 11.40% 61.40% 72.70%

TotalCount 2 9 31 44

% 4.50% 20.50% 70.50% 100.00%

Segments by targeting variables Gender * Work Ex * QCL_1 Cross-tabulation

QCL_1

Work Ex Total

<=1 year <=4 years > 4 years

The S

ocia

l W

ork

er

Gender

M % 13.80% 44.60% 3.10% 65.40%

F % 16.20% 16.90% 0.80% 34.60%

Total

Count 39 80 5 130

% 30.00% 61.50% 3.80% 100.00%

The S

how

-men

Gender

M % 26.90% 31.30% 7.50% 68.70%

F % 13.40% 17.90% 0.00% 31.30%

Total

Count 27 33 5 67

% 40.30% 49.30% 7.50% 100.00%

Em

path

etic P

ow

er

Seekers

Gender

M % 10.60% 48.50% 6.10% 65.20%

F % 15.20% 19.70% 0.00% 34.80%

Total

Count 17 45 4 66

% 25.80% 68.20% 6.10% 100.00%

The V

alu

eS

eekers

Gender

M % 18.20% 40.90% 63.60%

F % 15.90% 20.50% 36.40%

Total

Count 15 27 44

% 34.10% 61.40% 100.00%

Age N * House Hold Income * QCL_1 Cross tabulation

QCL_1

House Hold Income

Total<= 10 Lakhs 10- 20 Lakhs

20 - 30

Lakhs

Th

e S

ocia

l W

ork

er

Age

2 % 30.00% 16.20% 1.50% 47.70%

3 % 24.60% 18.50% 3.80% 46.90%

4 % 0.80% 0.00% 0.00% 0.80%

Total

Count 72 45 7 130

% 55.40% 34.60% 5.40% 100.00%

Th

e S

ho

w-m

en

Age

2 % 29.90% 23.90% 3.00% 56.70%

3 % 25.40% 13.40% 1.50% 40.30%

Total

Count 37 25 3 67

% 55.20% 37.30% 4.50% 100.00%

Em

pa

the

tic

Po

we

r

Se

eke

rs

Age

2 % 28.80% 16.70% 1.50% 47.00%

3 % 37.90% 13.60% 1.50% 53.00%

Total

Count 44 20 2 66

% 66.70% 30.30% 3.00% 100.00%

Th

e V

alu

e S

ee

ke

rs

Age

2 % 31.80% 25.00% 56.80%

3 % 25.00% 13.60% 38.60%

Total

Count 25 17 44

% 56.80% 38.60% 100.00%

Marketing Strategy- STP

We have used two forms of segmentation data – demographic segmentationand attitudinal segmentation to converge on our target groups.

We deal with Demographic Segmentation to get a rudimentary picture of the careers and lifestyles of people (based on the age groups) – this will help us identify what is the mentality of people that are ready to try the app and/or have rated the app highly. We have also segmented on the basis of gender – we get a clear of the stress levels at the workplace of men and women – based on the two afore mentioned criteria, thus telling us again, which groups are we going to target and how do we position our product.

Demographic Segmentation

15-25 years of age (109)

63

(< 10 lacs pa)

42

(10-20 lacs pa)

4

(20-30 lacs pa)

25-35 years of age (92)

55

(< 10 lacs pa)

31

(10-20 lacs pa)

6

(20-30 lacs pa)

35-45 years of age (1)

1

(< 10 lacs pa)

0

(10-20 lacs pa)

0

(20-30 lacs pa)

Demographic Segmentation (Displaying data for Intention to Try)

Demographic Segmentation, based on household income and age (Highlighted are the target segments that we will offer our unique value propositions to.) These people displayed the highest Intention to Try.

Men (129)

38

(<1 year Work Ex)

85

(1-4 years Work Ex)

6

(>4 years Work Ex)

Women (73)

30

(<1 year Work Ex)

42

(1-4 years Work Ex)

1

(>4 years Work Ex)

Demographic Segmentation, based on gender and work experience (Highlighted are the target segments that we will offer our unique value propositions to.) These people displayed the highest Intention to Try.

15-25 years of age (116)

68

(< 10 lacs pa)

45

(10-20 lacs pa)

3

(20-30 lacs pa)

25-35 years of age (92)

66

(< 10 lacs pa)

36

(10-20 lacs pa)

6

(20-30 lacs pa)

35-45 years of age (1)

1

(< 10 lacs pa)

0

(10-20 lacs pa)

0

(20-30 lacs pa)

Demographic Segmentation (Displaying data for Overall Ratings)

Demographic Segmentation, based on household income and age (Highlighted are the target segments that we will offer our unique value propositions to.) These people displayed the Overall Ratings.

Men (148)

36

(<1 year Work Ex)

103

(1-4 years Work Ex)

9

(>4 years Work Ex)

Women (73)

33

(<1 year Work Ex)

44

(1-4 years Work Ex)

0

(>4 years Work Ex)

Demographic Segmentation, based on gender and work experience (Highlighted are the target segments that we will offer our unique value propositions to.) These people displayed the Overall Ratings.

Positioning of the winner concept (Based and To the Demographic Target Segments)

Based on Intention to Try and Overall Ratings given:

We see that the age groups of 15-25 and 25-35 display the highest intentions to try. These people are at the start of their careers and are also under a considerable level of stress. Their salaries are implicative of careers that are beginning to transition from new entrants to mid level management. The app is positioned as an app that lets them rediscover and reconnect with their true side – a side that is buried under their stressful work and concerns surrounding their families.Men and women that have begun to take responsibilities, are under similar stress levels at their workplaces, as displayed in the segmentation data based on gender and work experience. The appgives them the much needed break to optimise their available time and it is positioned as an app for the fast growing, tech savvy and ultra-efficient youth force of the country.

The app leverages itself via its tech savvy and unique features that help it gain acceptance with the hard working, individualistic youth. Their relevance is more apparent when we look at the attitudinal segmentation

Attitudinal Segmentation is a critical aspect of the Marketing Strategy.Through the questionnaire, we capture the underlying attitudinal orientations of people and this is a more direct indicator of their preference for the app (and its features.)

The positioning that we will attempt here will be more direct and relevant to the attitudinal orientations of people.

This level of segmentation gives us a clear picture of the needs, wants and desires of people, how they project themselves in the world – and subsequently we try and bring a degree of coherence between the features of the product designed and the preferences of people.

Attitudinal Segmentation

The Social Worker – 56.90 percent have indicated strong intentions to try and high overall ratings. However, 11.50 percent of the segment have displayed an indifference to trying the product, despite giving high overall ratings; while 9.20 percent have given average overall rating but high inclination to try the product. This shows that a projecting of the social aspects of the app can actually help us convert these segments that have displayed some sort of interest in the app. 55.40 and 44.60 percent belong to the income category of < 10 and 10-20 lakh pa segment. 25.80 and 68.2 percent have work experience of less than 1 year and between 1-4 years.

Attitudinal Segmentation

The Show-men– 47.80 percent have indicated strong intentions to try and high overall ratings. However, 14.90 percent of the segment have displayed an indifference to trying the product and have given average overall ratings; while 16.40 percent have high overall rating but have displayed average inclination to try the product. 55.20 and 37.30 percent belong to the income category of < 10 and 10-20 lakh pa segment. 40.3 and 49.3 percent have work experience of less than 1 year and between 1-4 years. Positioning the app as glamorous can help rope in this segment.

Empathetic Power Seekers – 59.10 percent have indicated strong intentions to try and high overall ratings. However, 12.10 percent of the segment have given high overall ratings but displayed low intention to try it; while 10.60 percent have given high overall rating but shown average inclination to try the product. This shows that the app is to be positioned as credible and conducive to their pursuits of success while keeping them in cue with their altruism. 66.70 and 30.30percent belong to the income category of < 10 and 10-20 lakh pa segment. 30 and 61.5 percent have work experience of less than 1 year and between 1-4 years.

Attitudinal Segmentation

The Value Seekers– 61.40 percent have indicated strong intentions to try and high overall ratings. However, 11.40 percent of the segment have displayed an indifference to trying the product and have given high overall ratings; while 9.10 percent have average overall rating and displayed average inclination to try the product. 55.20 and 37.30 percent belong to the income category of < 10 and 10-20 lakh pa segment. 34.1 and 61.4 percent have work experience of less than 1 year and between 1-4 years.

This app is to be positioned as a tech savvy app for the young socially sensitised generation that offers a host of options and features. It should help them serve their community better while contributing to a change in their lifestyles and the society through intelligent planning of their schedules and fulfilling activities in life. It must complement the intense lifestyle of the young working crowd (reflected in the segmentation details). It should help them balance their stressful work life with traditional values that will help them retain their original culture and project them as responsible, fun loving, socially and self aware individuals with a convincing measure of probity.

Positioning

Summary Through multiple linear regression between we could understand that

85.7% variation in Intention to try can be explained by Uniqueness, Relevance and credibility of the app and its concept.

Target groups were identified using cross tabs and chi-square test for independence. We could find that people with work-ex less than 4 years and both genders could be targeted.

Conjoint Analysis helped to understand the relative importance of various attributes. The analysis of winner concept helped to understand what features people look for in such an app.

Factor Analysis helped us reduce the number of variables to identify latent attitudinal factors like Glam-Life, Social – visibility, Materialism, Metropolis, Completion. These influence using of “work life balance app”.

Cluster Analysis, helped us identify the heterogeneous clusters of people (The Social Worker, The Showmen, Empathetic Power-seekers, The Value-seekers), segmented on the basis of there attitudinal scores (got from factor analysis)

Discriminant Analysis helped us infer that factors like Social-visibility and glam life were more important in discriminating the clusters.

By making cross-tabs and chi-square analysis with cluster membership and target variables, most of the clusters had major percentage of people. However Empathetic power seekers and the Value-seekers have relatively more percentage of people who like the product and have showed the will to try the product.

Finally, we found the characteristics of the segments and could conclude that the demographic target group and the attitudinal segments are related to a significant extent. Hence our target group would be work-ex <= 4 years and like materialism, urban living and completion.

We concluded that, people who have less than 4 years of experience have recently entered into work life and might be facing mid-life crisis. Moreover people who are more materialistic and live in urban places are very aggressive and are prone to work life imbalance. Therefore a concept of work-life balance would be appealing to them as it could help them cope with their rigorous lifestyles.

Summary