Professional Documents
Culture Documents
Ifb Project
Ifb Project
COMAPNY PROFILE
COMAPNY PROFILE
IFB is a US$ 250 million diversified business house having interests in
appliances, automotive components, 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 consumers and is
amongst the most desired brands in India.
down the smooth stainless steel. The result? Spot-free, completely sanitized
plates, glasses and silverware, with which you can't wait to eat a delicious
meal.
IFB SERVICES
IFB provides one of the best sales after services
Facility in all over India including 1600+ cities and
Having toll free complain no. for the convenience of
Customers.
Literature review
All washing machines work by mechanical energy, thermal energy and
chemical energy action
Mechanical energy is imparted to the clothes load by rotation of the agitate
top loaders or by the tumbling action of the drum in front loaders. Thermal
energy is supplied by the temperature of the wash bath.
On the early mechanical bath timers the motors ran at a constant speed
throughout the wash cycle, although it was possible for the user to truncate
parts of the program, by manual advancing the control dial. However by the
1950 demand for greater flexibility in the wash cycle led to the introduction
of electronic timers to supplement the mechanical timer. These electronic
timers enable greater variation in such functions the wash time with the
arrangement, the electronic motor is periodically switched off to permit
clothing to soak, and is only re-energized just prior to a micro switch being
engaged/disengaged.
In early automatic washing machines, any changes in impeller/drum speed
were achieved by mechanical means or by a rheostat on the motor power.
Despite the high cost of automatic washing washers, manufactures had
difficulty in meeting the demand .although there were material. Shortages
during Korean war by 1953 automatic machine sales in the US exceeded
those of wringer-type electric machines.
In the UK and most of Europe ,electric washing machines did not become
popular unit in the 1950s.This was largely because of the economic impact of
world war -2 on consumer market which did not properly rcover until the late
4
washing
machines
being
extremely
expensive.During
the
1960s,twin tub machines briefly became the popular helped by the low price
of the Rolls Razor washers.Automatic washing machines did become
dominant in the UK until well into the 1970s and by then were almost
exclusively of the front-loader design.
rate
of
22% this year (2007-08) compared to last year. The fully automatic and
semi-automatic
sub category is growing at the rate of 40% and 17% respectively. Washing
machine
sales
is cyclical in nature and its sales commences with the onset of monsoon.
Major Players
Some of the major players in the category of washing machine market are:
Whirlpool
Videocon
Samsung
share of 28%
TYPES OFPRODUCTS
5
Before the liberalization of the Indian economy, only a few companies like
Kelvinator, Godrej, Allwyn, and Voltas were the major players in the
consumer durables market, accounting for no less than 90% of the market.
Then, after the liberalization, foreign players like LG, Sony, Samsung,
Whirlpool, Daewoo, Aiwa came into the picture. Today, these players control
the major share of the consumer durables market.
AIM AND OBJECTIVE:Aim and objective of this project was to know the market potential of IFB
products in Meerut, Ghaziabad and Saharanpur. We gone through the survey
and a research proposal to find what consumers and dealers think about this
product. One important thing we tried to find out through this survey is
viability of this product. We also tried to find out purchasing power of people
of Meerut through this survey.
As a surveyor and management trainee we have our
personal aim and objective. We tried to learn how a research takes place and
it was first experience for us as a team to work for such a big name IFB.My
aim was to learn how to make a research proposal and how it works when It
come to real operations.Consusmer survey is really tough job we learn to
read consumer psychology through this survey. Our aim was to learn which
help us to make a good manager in future and we are very much succeed in
getting our aim and objective through this project.
METHODOLGY
condition
in
the
market
of
Meerut,
Muzaffarnagar
and
Saharanpur.
As far as consumer survey is concern I took the samples only in Meerut city. I
put all type of questions like psychological questions to know the thinking of
customers regarding that product. I also try to find out more popular brand
regarding various products. For this survey we collect data on two bases:1) Primary data- These are the data that we collect directly from
consumer or dealers by asking direct question with them.
2) Secondary data:-We have done some research work through internet
CHAPTER 2
RESEARCH
METHODOLOGY
10
Research problem:
To study consumer trends, behaviour, preferences and level of
satisfaction in IFB communication Ltd. The study was conducted in Meerut zone with
sample size of 50 and sample units were suppliers and
Consumer of home appliances
Research Design
The following methodology was adopted for the study purpose:
Type of research:
Descriptive and qualitative research design were used while conducting the project.
Sampling Design was taken by the researcher as the Research design.
The major purpose of the study is to describe the state of affairs as it exists at
present.
The study was based on the facts or information already available, & analysis of this
available information make a critical evaluation of the material.
Research Method/Technique:
In the project report the researcher used following techniques while conducting his
study:
Analysis of documents
11
home
Questionnaire
(Structured):
structured
designed
comprehensive
questionnaire was framed and pretested for data collection from the
customer .
Research Data
Data is the key activity of marketing research. The design of the data
collecting method is backbone of research design.
Data constitute the foundation of statistical analysis and interpretation.
Hence the first step in statistical work is to obtain data.
Data can be obtained from two important sources, namely:
1.
Primary Data
2.
Secondary Data
Primary Data:
Primary data are gathered for the specific purpose or for a specific
research project, consist of original information for the fulfilment of project
objective.
When the data are required for the particular study can be found neither in the
internal record of the enterprises nor in published sources. In some cases it may
become necessary to collect original data.
12
Secondary Data:
Secondary data are the data, which already exists somewhere.
Secondary data provide starting point for research and after that the advantage of
low cost and ready availability. Secondary data can be divided into two types:
1. Internal data
2. External data
When researcher uses the data that has already been collected by
other data are called secondary data. Secondary data can be obtained from journals
i.e. internal sources report, government publication and books, professional bodies
etc.
Internal data are reports and memos generated within an organisation
to facilitate its operations and annual report. External data are those specially
produce for outside consumption.
Sources
from
which
the
researcher
13
has
taken
the
2. IFB website
3. Books for marketing management
4. Surveys and customer data & report
5. IFB customers care office
6. IFB Brouchers
SAMPLE DESIGN
Area of Sample:
preparing the project report and management of organization. Yet there were
some problems faced by me. These are as follows:1) Time was a constraining factor. The duration of research was only
eight week and we were working on eight project. It seemed to be a
short duration for a through study of the Subject.
14
tough
CHAPTER 3
DEALER SURVEY
15
2011
COMPILED BY: -
16
IFB
REPORT ANALYSIS
We
visited to 37 dealers for our research but only 23 dealers has front
loading washing machine .So our sample size for front loading washing
machine is 23.
17
LG gives best sales promotional offer but most of loyal dealer of IFB told that
it is IFB that was only biasness.
18
2011
COMPILED BY:
About 90% dealer give brand assurance to their customer and 37.32% of
them prefer IFB while only 27% of dealer gives brand assurance to LG front
loading washing machine.
IFB
19
REPORT ANALYSIS:-
DEALER
SURVEY
-Competitors
range/Price/
features of
Microwave oven
vis--vis IFB
With the help of this questionnaire we tried to find out market potential of
microwave and also competitors of IFB market. We visited 28 shops who deal
in oven including exclusive showroom of various brands.
20
Mostly LG has maximum sale and convection type MVO has most sale
21
Most of the dealer give personal of assurance for a brand in which 27.27% of
them give personal assurance to IFB.
22
More than 60% of dealers told that sale of IFB MVO has been increased and
they are satisfied with the pricing strategy of IFB
23
CHAPTER 4
CONSUMER SURVEY
24
2011
CONSUMER
SURVEY:-To Identify
Scope & potential
of Front loading
washing machine
25
COMPILED BY-
REPORT ANALYSIS:We took sample size of 70 consumers to know the market potential of Front
loading washing machine.
More than 35 % people use FLWM. Among 35% user 42% of them use IFB
washing machine while LG is on 2nd position with 27% user use it.
26
50% of users are satisfied with their brand and 65% of people told that they
will recommend their brand to others while 34.61%told that they will not
recommend their brand to other.
27
4)
Would you like to change your Top loading washing machine to Front
No
20%
Can't say
16%
28
2011
ANALYSIS:-
29
We asked this question from 70 people and we found that 30 of them have
MVO so we took sample size of 30 people. We found that every one knows
about MVO.
Most of the consumer prefer LG and Onida .i.e. 32% and 27% while only 18%
of customer have IFB .Among users 33% told that they will recommend their
brand to others while 21% refuse to do so.
30
This question is asked from all 70 people in which 47.14% are interested in
IFB MVO but most of the interested customer told that price is major
obstacles.
OF IFB
31
IFB
LG
S.No.
S.No.
Model
No.
Capacity
Price
Digital 7kg
7kg
31,690/-
Senator Dx
6kg
29,500/-
Senator 6kg
6kg
27,500/-
Elite Sx
5.5kg
26,100/-
Elite Dx
5.5 kg
24,700/-
Senorita DX
5.5kg
22,250/-
Serena SX
5.5 kg
21,450/-
CAPACITY
32
PRICE
F1403TD25
8.0KG
38,490/-
F1256QDP
7.0KG
35,390/-
F1256QDP5
7.0KG
34,890/-
F1256NDP
6.0 KG
32,390/-
F1256NDP5
6.0KG
31,890/-
F1056LDP
5.5KG
26,490/-
F1068LDP
5.5KG
22990/-
8.
F8068LDP
5.5KG
20,990/-
33
S.NO.
MODEL
CAPACITY
PRICE
WF8754CPG
7.5KG
34,190/-
WD7652C8
6.5KG
37,900/-
WF8652SEA
6.5KG
31,490/-
WF8652NFV
6.5KG
30,390/-
WF8650NHW
6.5KG
29,390/-
WF85502SEH
5.5KG
26,390/-
WF8550NHS
5.5KG
25,790/-
8.
WF8550NHW
5.5KG
24490/-
IFB
34
S.NO.
MODEL
CAPACITY
PRICE
1.
30SC2(CONVECTION
30LT.
13,500/-
)
2.
28SGR1S(ROTYSSER 28LT.
9,900/-
IE)
3.
25
25 LT.
12,500/-
SC2(CONVECTION)
4.
25 PG1S(GRILL)
25LT.
8,500/-
5.
20SC2(CONVECTION
20LT.
7,000/-
20LT.
6,000/-
17 LT.
4,900/-
17LT.
3,900/-
)
6.
7.
8.
20PG2S(GRILL)
17PG1S(GRILL)
17PMMEC( SOLO)
MVO
35
LG
S.NO.
MODEL
1.
MC
CAPACITY
8088NRH 30
PRICE
14,125/-
(CONVECTION)
2.
MC
8087ARH 30
13,450/-
(CONVECTION)
3.
MC
8047ARH 30
12,970/-
(CONVECTION)
4.
MH7046S
5.
MC
(GRILL)
30
8,370/-
7648WSH 26
11,155/-
(CONVECTION)
6.
MC7688DP
26
9,425/-
(CONVECTION)
7.
MH 6558F( GRILL)
25
7,315/-
8.
MH 6347B (GRILL)
23
6,735/-
MVO
36
S.NO.
MODEL
CAPACITY
PRICE
1.
CE1072LTS
28 LT.
15,900/-
28 LT.
11,900/-
28 LT.
12,400/-
23 LT.
7,400/-
( CONVECTION)
2.
CE1031L
( CONVECTION)
3.
CE1031LAT
( CONVECTION)
4.
GE83ZL-Y
(GRILL)
5.
GE83YL (GRILL)
23 LT.
7,900/-
6.
G273V
(GRILL)
20 LT.
5,900/-
7.
MW71E (SOLO)
20 LT.
3,900/-
37
CHAPTER 5
FINDINGS &
SUGGESTIONS
FINDINGS
We got our findings after our completion of research work. Our findings are
as follows:-
38
43% dealer told that IFB has highest sale in front loading washing
machine. LG is on 2nd position with 24.92% while Samsung is on 3 rd
position with 18.91%.
81.08% of dealer told that fully automatic washing machine sold more
in comparison of semi automatic machine.
48.64 dealers told that they get almost same margin on every brand
while 16.21% dealer told that they get maximum margins in IFB.
37.83% dealer told that IFB has best service after sales while 21.62%
dealer
told that Samsung has better sale sales service.16.21% dealer told
that LG has better sales service.
6) 37.83% dealer told that LG give best sales promotion offer while
16.21%
Dealer told that IFB and Samsung give best both sales promotional
offers .
47% dealer gives assurance of IFB while 27% dealers give personal
assurance to LG while purchasing washing machine
39
64.28% dealer told that they get almost same margin in every
brand.10.71% of IFB and Onida dealer told that they get maximum
margin in these brand.
25% dealer told that IFB has maximum demand in microwave oven
while Onida is on 2nd position with 17.85% and Bajaj is holding 3 rd
position with 14.28%.
28.57% of dealer told that IFB is providing best service after sale.
Onida
and
Samsung
both
are
on
2 nd
position
14.28%
dealer
It is interesting to see that not a single dealer has sales after service
authentication/certification .All companies do their service after on
their own.
Out of 42.86% dealer of IFB 66.66% told that sale has been increased in last
two quarter while only 8.33% told that sales is decreasing rest of 25% of
dealer told that sales is constant
Out of 42.86% dealer of IFB only 66.66% dealer are satisfied with the pricing
strategy of IFB while 33.33% of dealer are not satisfied with it.
40
About 38.46 % consumer told that washing machine has affected their
life up to 50-60% while 34.61% told that washing machine affect their
social, cultural and psychological life up to 80-100%
64% of consumer told that they will prefer changes from top loading to
front loading while 20% of them told that they do not want to change
it.
83.33% consumers say that they use Microwave more than twice a day
it shows the usefulness of the Microwave.
41
37.50% of consumers say that they are satisfied with their Microwave
Oven but 25% of consumers are dissatisfied with their Microwave
ovens.
Most of the consumers (77.40%) told that they get information about
consumer durables like MVO from their Peer group while only 11.43 %
of consumer told that they get information from magazine. only 5.71%
of consumer told that they get information from magazine
82.28% of consumer told that they prefer dealer for buying their
product like MWO while
34.28% of consumer told that they are price sensitive and their buying
decision mainly depend on price the second preference they give to
brand and then aesthetics and after that quality comes.
S.W.O.T ANALYSIS:-
42
price.
OPPORTUNITIES: -
is increasing day to day by common people. Very few players make good
front loading washing machine.IFB can take lead.
THREAT: -
brand like LG and Videocon.IFB has very less no. of loyal dealer.
SUGGESTIONS
We find conclusion from this survey but with conclusion we have
added some suggestion regarding front loading washing machine
market of IFB in Meerut Zone.
1) We found that there is very good market of Front loading washing machine
of IFB but to keep this momentum IFB should have to make loyal dealer who
can promote this brand.
43
2) One very serious complains we got to know from some dealer that area in
charge only take care of some of dealers. This is creating cartel type
situation among dealers as a area in charge we should have to avoid it
because we cant sale our product with the help of one or two dealer. This is
creating dissatisfaction among some dealer and creating bad mouth of
publicity.
3) One of important things we got to know from dealers that some of dealer
of IFB in Meerut are selling machine only on order of customer. They have
not put Front loading in display. We should have to visit our dealers randomly
and we should have to be very careful in providing dealership.
4)LG and some of the brands are not very good in comparison of IFB but
because of aggressive promotion in market they are in good condition in
market of Meerut, Muzaffarnagar and Saharanpur.IFB should have to do
some promotional work.
5) Most of the dealer told that Senorita Dx is mostly sold in their store.
SUGGESTION
We find some conclusion and try to give some suggestion regarding
dealer survey of Microwave oven in Meerut zone.
44
We found that most of the dealer of IFB does not deal with microwave
oven. They deal with some other brand like Ken star and Bajaj which
are more economical than IFB. We suggest that
4)We found that during survey dealer of various brand promote their
own brand thats why some of the statistics are in favor of IFB.
Most of consumer told that they can change their top loading with front
loading washing machine so IFB should have to come with some
exchange offer or have some sale strategy according to which even
middle class people can enjoy premium brand.
s we find most of the MWO consumers are of average income group i.e
most price sensitive class in our society. Thats why IFB should have to
come with good promotional offers in market.
Most of the consumers told that they want to buy convection MWO but
they already had the solo one. So IFB should have to come with some
exchange offer.
45
IFB should increase the availability of their products so that the product
can easily be available to the consumer at every corner of the city.
IFB should promote its brand through brand promotion activities like
exhibition or road shows to increase its awareness.
46
BIBLIOGRAPHY
BIBLIOGRAPHY:-
www.google.co.in
www.ifbappliances.com
References:
1.Marketing research, G.C.Beri, Third Edition, Tata
McGrawHill Publishing Company Limited, New
Delhi, 2000
2.)Marketing management, Philip Kotler, Twelth
47
48
QUESTIONNAIRE
Questionnaire
49
Q1.
(2) 25 35
(3) 35- 45
Male ..
Female .
shop?
( )LG
Videocon
Q2.
)Samsung
) Onida
)IFB
Videocon
Q3
(
(
)Samsung
) Onida
)IFB
) Fully Automatic
( )LG
Q4.
( ) Semi Automatic
)Samsung
)Videocon
50
)IFB
( )LG
Videocon
Q5.
(
)Samsung
) Onida
)IFB
)LG
)Samsung
Videocon
Q6
) Onida
)IFB
Do you give personal assurance for any brand while selling Front
) Yes
Q7.
No( )
( )LG
Videocon
Q8.
)Samsung
) Onida
)IFB
Videocon
Q9
)Samsung
) Onida
)IFB
Which type of microwave oven has maximum demand in your area &
Why?
(
) Convection
Q10.
( )LG
(
( ) Solo
)Samsung
) Onida
)Videocon
)IFB
Q 11
(
( ) Grill
)LG
Videocon
)Samsung
(
)IFB
51
) Onida
No(
Microwave oven?
(
) Yes
No( )
Yes
No ( )
) Increasing
) Decreasing
) Yes
( ) No
52
( ) Constant
Dear Customer,
As the management trainee of IFB company, we want your opinion regarding our product to
serve you better. Please dont be biased during answering following questions.
Name: .
Age: (1) below 25
Gender:
(2) 25 35
(3) 35- 45
Male ..
Female .
Profession:
1(a)
Yes(
(b)
No(
53
(
(
2.
)IFB
)LG
)Samsung
)Videocon
)Whirlpool
Is your washing machine provides enough features in respect of price of
) Yes
) No
( ) Cant say
) No
Would you like to change your Top loading washing machine to Front loading
washing machine?
(
5.
) YES
)No
)Cant say
( )
( )
( )
Clean Washing
6.
7.
( )
( )No
( )No
( ) Onida
( ) Videocon
( ) IFB
8.
( ) Samsung
( ) Once in a day
( ) twice in a day
) more than
twice
II. Are you satisfied with your Microwave oven?
( ) Very satisfied
( ) Satisfied
( )Neutral
( )Dissatisfied
) Price
)Less Uses
)Cant say
11.
)No
IF No,
10.
) Convection
) Solo + Grill
) Solo
From where do you get information about the consumer durables like
MWO ?
( ) Magazine
( ) TV
12.
( ) News Paper
( ) Neighbor/Colleague/Friends/Relatives
( ) Tele shopping
specify)
55
) others (please
13.
Do you feel that Microwave oven can fulfill your lifestyle, social,
( ) 20% - 30%
( ) 50% - 60%
80% - 100%
14.
( ) Quality
( ) Performance
( ) Price
)Aesthetic
15.
( ) Yes
( ) No
56
( )Brand