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21 A Study On Market Survey On The Brand Equity of Pondicherry Co Operative Spinning Mills LTD
21 A Study On Market Survey On The Brand Equity of Pondicherry Co Operative Spinning Mills LTD
S.MAHESH
REGISTER NO: 27348321
This to certify that the project work entitled A STUDY ON MARKET SURVEY OF THE
BRAND
EQUITY IN
PONDICHERRY CO
OPERATIVE
SPINNING
MILLS
S.MAHESH
GUIDE
Master of Business
2007 2008.
HEAD OF DEPARTMENT
EXTERNAL EXAMINER
LTD.,
ACKNOWLEDGEMENT
First and foremost, I thank the God for his substantial blessing and mercy at all stages
in the completion of the project.
I take this opportunity to express my deep sense of gratitude to SHRI N.KESAVAN,
Founder Chairman, SHRI M.DHANASEKARAN, Managing Director and SHRI
S.V.SUGUMARAN, Vice-Chairman of our college for their good wishes for this project.
I
express
my
immense
gratitude
to
our
Principal
valuable
and
unflinching
requital
support
in
this
Endeavor
ABSTRACT
The project aim to study the brand equity enjoyed by spin co in a globalizes economy
where competition is growing steadily this study will help the company determine its brand
power among the consumers so as to leverage on its brand equity and take necessary
corrective actions.
The study revealed that spin co enjoys a monopoly status in the department while on
the other hand unbranded furnishing also sance to have some preference tendency is high
among spin co consumers there by equity also the brand switching tendency is considers abler
but this is due to the variety seeking buyer behaviors involved in the product category.
TABLE OF CONTENTS
CHAPTER
TITLE
PAGE NO
LIST OF TABLES
LIST OF CHARTS
INTRODUCTION
II
REVIEW OF LITERATURE
III
OBJECTIVES
11
IV
RESEARCH METHODOLOGY
12
16
VI
35
VII
36
VIII
37
ANNEXURES
IX
9.1 QUESTIONNAIRE
9.2 BIBILIOGRAPHY
38 39
40
LIST OF TABLE
S.no
Page No
16
17
18
19
20
21
22
23
24
10
25
11
26
12
27
13
28
14
29
15
30
16
31
17
32
18
33
19
Correlation
34
LIST OF CHARTS
S.no
Page No
Respondents of gender
16
Occupation
17
18
19
20
21
22
23
24
10
25
11
26
12
27
13
28
14
29
15
If yes means
30
16
31
17
32
CHAPTER-I
1.1 INTRODUCTION
PROFILE OF THE ORGANISATION GROWTH OF
TEXTILE INDUSTRY
The birth of cotton textile industry can be traced back to the year 1818, When for the
first time a mill was started in Calcutta. But its real foundation was laid in Bombay with a
mill set up in 1853 under PARSI Management. Early years marked a rapid progress and
number of cotton mil1s increased up In Ahemedabad, Sholapur and Nagpur. In 1951 the total
number of mills in this Industry was only 378 of which 103 where spinning and 275 were
composite Mills.
The number of cotton textile mill increased to 1051 in 1990; of this 770Were spinning
mills .and 281 composite mills. The total investment in the fixed assets is 1300 crores. It
contributes for about 25% of total exports. In pondicherry, the first spinning mill which
started its operation be Desbarsyns de Richement', Governor of French rule at that time in
1827 on the western style. In 1828 Blin and Delbruck are businessmen of France have stared
another spinning mill in PondiCherry with a production capacity ofabout700 Kg per day, and
provided employment for 225 workers. Thus the organized mill sector provides employment
to more than one million people in the country and about l/5th of the total employed in
manufacturing industry. Its contribution of government revenue and to export earnings is
substantial.
1.1.2 HISTORY OF THE MILL
The pondicherry Co-operative Spinning Mills was registered as cooperative Society
under the pondicherry co-operative societies Act 1972 during the year 1979. This spinning
mill is the first type of its kind in its venture in the union territory of Pondicherry. The society
has been registered on 28-12-1979, the actual functioning commenced in the year 1984. The
factory is situated 22 Kms away from pondicherry in the National Highways 45-A, between
Pondicherry and Villupuram in the Village Thirubuvanai.
The foundation stone for the Mill was laid on 10.08.1981 by the then Chief Minister
of Pondicherry and the factory was inaugurated by the then his. Excellency T.P. Twari, Lt.
Governor of Pondicherry on 16.11.1984. The trial production was made on 12.2.1984 and the
Commercial production was started on 19.3.84. The mills Spindale was 25080 only. The Mill
has achieved its full spinning capacity in the year 1987.
1.1.3 MEMBERSHIP
The Mill was started with 138. Members with a share capital of Rs.79, 9001- at the
beginning and at Present there are 815 members with a share capital of
Rs .689.31lakhs comprising as the following.
Particular
"A"
"B"
Membership
14
4.45
Other Co-operative
Societies
69
3.72
"C"
Individuals
731
6.64
"D"
Government of Pondicherry
674.50
815
689.31
Year
1987-88
Selection Criteria
Spindle Profit
1988-89
Spindle Profit
1989-90
Spindle Profit
Position
I
I
I
. Machine Productivity
II
III
1990-91
Spindle Profit
II
Machine Productivity
II
Labour Productivity
III
SPINNING
The process of spinning starts with ginning. Ginning is process by which Seeds are
removed from the raw cotton. In this mill, the ginned cotton is directly purchased and so that
the ginning is not carried on and the remaining .Process is followed as usual.
varieties are opened at time and layer of cotton from each bale is fed alternatively, into the
machine with a view to obtain uniform blend. It is cleaned in blow room line.
CARDING
The blow room lap is fed into carding machine. The cotton is subject to the action of
sharp wire points of licker cylinder, doffer and flatter resulting in 'the further removal of neps
and waste. After processing in, comes out in the cane.
DRAWING
On the drawing frame, a uniform sliver lab is produced- by 6 to 8 card sliver and
drafting them proportionately. Here parallelization of fibers is achieved and this process is
repeated twice for carded yam and the sliver lab is then fed to the speed frame.
SPEED FRAMES
This term' Speed frames' is used to designate a group of machines in which cotton in
the form of drawing sliver is reduced to a much smaller size by drafting and a slight twist.
RING FRAMES
The final yam is spun on ring frames by drafting and twisting the rove from the speed
frames. The drafts and twist .varies depending on the count and quality of yam required.
DOUBLING
Generally two yam threads are sending parallel on single cone on a doublers winding
machine. Thereafter such yam is twisted together on a ring doubling machine to form a
double yam.
1.1.7 BUSINESS
The mill shall produce such kinds of cotton yarn and staple fiber yarn as are required
by the weaving units, by the weavers in union territory of pondicherry and by others.
The yam required by the pondicherry state weavers co-operative societies and other
primary weavers co-operative societies shall ordinarily be supplied by the mills.
The Board of director may appoint necessary agent brokers etc on such terms and may
be agreed upon for canvassing order.
A.M. with a half -an- hour break for workers but not for production .Nearly 630 workers are
working in the mill.
1.1.9 MANAGEMENT
Pondicherry co-operative spinning mills ltd is governed by laws its is
managed by an Administrator, who is is I.A.S.officer and he is appointed by the Government
of Pondicherry.
ORGANISZTION CHART
ADMINSTRATOR
Managing Director
Administration
& Finance
Labour
Officer
Production
Wing
Admn. Manager
Controller of
Accounts
Asst. Spinning
Master (Maint)
Asst Spinning
Master. (Qlty. cntrl)
Elec. Engineer
Clerks
Clerks
Supervisor for
Prodn &
Maintenance
Quality Control
wing
Engineering
wing
Masteries &
Workers
ORGANISATION STRUCTURE
The organizational functions of the mill is divided into five namely,
Production wing
Engineering wing
Maintenance wing
Administration wing
PRODUCTION WING
The major activity concerned in the mill is production of yarn from raw Cotton. In this
mill, the machineries and materials are equipped to produce yarn from the count range 305 to
1005. The Asst. Spinning Master (Maintenance & production) is in charge for the production
wing. The supervisors in the production will look after the process of production in different
stages.
6 staffs and 540 workers are working in production wing.
ENGINEERING WING
This wing takes care of all electrical equipments and fittings in the organization. It
also takes all preventive measures. An Electrical Engineer heads this wing. A group of 21
workers are worked in this department under the control of the Electrical Engineer
MAINTENANCE WING
This wing is functioning under the head of Asst. Spinning Master (maintenance). This
wing is taking care of maintenance of all machineries in the mills. This will take measures to
maintain the machinery in good working condition. One staff and 68 workers are functioning
in this wing.
correct financial status of the mill. All payments and receipts are taken care by this wing. The
controller of accounts heads this department and three staffs are working in this department
CHAPTER-II
REVIEW OF LITERATURE
Brand equity
Brand is a name or symbol used to identified the source of a product when developing
a new product. Branding is on important decision .the brand can add significant value when its
well recognized and as positive association in the mind of the consumer this concept is referred
to as brand equity
Brand
According to American marketing association a brand is defined as the use of name
term symbol or design, or some combination of these to identify the product of a certain seller
from those of competitors a brand identifies the product from buyers. A seller can earn the
goodwill and have the patronage repeated.
Branding is the management process by which a product is branded it covers activities
such as giving a brand name to a product, designing a brand mark and establishing and
popularizing it. Brand makes it easy for consumer to identify products or services. It is a
powerful instrument of demand creation and retention
Brand loyalty
It is the act of selective repeat purchasing of a brand. Once a consumer has developed
a brand loyalty, it is hard to change his attitude towards that brand
Brand switching
Brand switching can be defined as the changing of consumer preference and use from
one brand to another brand of a product quality, price ect.
Brand equity
Brand equity is an asset. Brand equity refer tot the power of brand in the market place.
A powerful brand has high brand equity and customers will stick to that brand. A weak brand
has less brand equity and customer major contributor to customer equity. The proper focus of
marketing planning is to extend customer life time value, with brand management serving as a
major marketing tool.
The company cans a charge a higher price than its competitors because the brand
carries high perceived quality.
The company cans more easily launch extensions because the brand name carries
high credibility.
The brand offers the company some defense against price competition.
CHAPTER-III
Secondary objectives
In order to study the above primary objective the following secondary objective have been
proposed
CHAPTER-IV
RESEARCH METHODOLOGY
Secondary Data
Secondary data was collected from Internets, various books, Journals, and
Company Records.
sampling units from which inferences about the population is drawn. Sampling design is
determined before any data are collected.
Convenient Sampling technique was adopted. In this method the researcher select
those units of the population in the sample, which appear convenient to him or the
management of the organization where he is conducting research.
Percentage of Respondent =
x 100
From the above formula, we can get percentages of the data given by the respondents.
CHI-SQUARE ANALYSIS
In this project chi-square test was used. This is an analysis of technique which
analyzed the stated data in the project. It analysis the assumed data and calculated in the
study. The Chi-square test is an important test amongst the several tests of significant
developed by statistical. Chi-square, symbolically written as x2 (Pronounce as Ki-Spare), is a
statistical measure used in the context of sampling analysis for comparing a variance to a
theoretical variance.
Formula
2 =
(O-E) 2
E
Observed frequency
Expected frequency
CHAPTER-V
DATA ANALYSIS & INTERPRETATION
TABLE NO 5.1
Respondents based on the sex
The data collected is tabulated and analyzed as follows
particulars
Frequency
Percentage
Male
43
86.0
Female
14.0
Total
50
100.0
Inference:
Out of the total 50 respondents surveyed 86%of the respondents (a maximum) had
male 14% of the respondents had female
CHART NO: 5.1
sex
50
40
30
Frequency
20
10
0
male
sex
female
particulars
Frequency
Percentage
Customer
40
80.0
Agent
10
20.0
Total
50
100.0
Inference:
Play on important role in influencing the buyers characteristics on brand out of the
50 respondents 80%of the total customer. 20% of the agent.
CHART NO: 5. 2
occuption
50
40
30
Frequency
20
10
0
customer
occuption
agent
TABLE NO: 5. 3
Respondents based on favorite brand
particulars
Frequency
Percentage
Spin co
27
54.0
Aft
15
30.0
Others
16.0
Total
50
100.0
Inference:
Favorite brand is the important factor which influence the consumer purchase
decision process 54% of the respondents brand choice has been spin co brand 30% of the
respondents brand choice has been AFT brand 16% of the respondents brand choice has been
others.
20
Frequency
10
0
spinco
AFT
others
Frequency
Percentage
5-yr
10
20.0
5-10yr
22
44.0
10-15yr
14
28.0
15-20
8.0
Total
50
100.0
Inference:
Out of the total 50 respondents surveyed 44% of the respondents (a maximum)
Had purchased 5-10 yr 28% of the respondents had purchase 10-15yr.
CHART NO : 5.4
20
Frequency
10
0
5-yr
5-10yr
10-15yr
15-20
Frequency
Percentage
Print media
12
24.0
Visual media
12
24.0
Friends
16.0
Agent
16
32.0
Other
4.0
Total
50
100.0
Inference:
Most of the respondents may know the brand for agent 32% 24% of the respondents
may know print &visual media
CHART NO: 5. 5
Frequency
10
0
primt media
visual media
friends
agent
other
Frequency
Percentage
Quality
22
44.0
Price
22
44.0
Brand name
10.0
Total
50
100.0
Inference:
Most of the respondents selecting the brand 44% belong to the quality & price 10% of
the respondents belong to the brand name
CHART NO: 5. 6
20
Frequency
10
0
quality
price
brand name
Frequency
Percentage
Spin co
26
52.0
Aft
19
38.0
Others
10.0
Total
50
100.0
Inference:
The above table infers that 52% belong to the spin co brand, 38% belong to the AFT
brand, 10% belong to the others.
20
Frequency
10
0
spinco
AFT
others
particulars
Frequency
Percentage
Highly satisfied
Satisfied
21
20
42.0
40.0
Neutral
18.0
Total
50
100.0
Sources:Primary
data
Inference:
42% of the customers are highly satisfied,40 of the customers are satisfied & other
18% of customers are neutral.
20
Frequency
10
0
highly satisfied
satisfied
neutral
Frequency
Percentage
27
54.0
23
46.0
50
100.0
Sources:Primary
data
Inference:
The above table infer that 54% of purchase directly from the company, 46% of
purchase from the agent.
channal of purchase
30
Frequency
20
10
0
directly from the co
3
from the agent
channal of purchase
11
particulars
Frequency
Percentage
Quick sales
18
36.0
Cost benefit
29
58.0
Traditional purchasing
6.0
Total
50
100.0
Inference:
The above table infers that 36%of quick sales, 58%of cost benefit, & 6% of traditional
purchase.
20
Frequency
10
0
quick sales
Frequency
Percentage
Very high
11
22.0
High
16
32.0
Normal
20
40.0
Low
6.0
Total
50
100.0
Inference:
The most respondents may opinion on price 40% normal, 32%respondents high,
22%have very high
30
Frequency
20
10
0
highly satisfied
satisfied
neutral
particulars
Frequency
Percentage
Yes
28
56.0
No
22
44.0
Total
50
100.0
Inference:
From above table shows that frequency of strong brand image is 56% of yes and 44%
of no.
20
Frequency
10
0
yes
no
particulars
Frequency
Percentage
Highly satisfied
17
34.0
Satisfied
24
48.0
Neutral
18.0
Total
50
100.0
Inference:
The total number of respondents 50, discount provide they satisfied 48%, 34%belong
highly satisfied ,18%belong to the neutral
20
Frequency
10
0
highly satisfied
satisfied
neutral
particulars
Frequency
Percentage
Yes
19
38.0
No
31
62.0
Total
50
100.0
Inference:
The above table infers that 62% of the respondents belong to the No, 38%of the
belong to the yes.
30
Frequency
20
10
0
yes
no
particulars
Frequency
Percentage
Quality
10.0
Price
11
22.0
Credit
14.0
Customer satisfaction
2.0
Other
26
52.0
Total
50
100.0
Inference:
The above table infers 52% of the others, price will be more 22%,credit belong to the
14%
if yes means
30
20
Frequency
10
0
quality
credit
price
other
customer satifaction
if yes means
particulars
Frequency
Percentage
Yes
20
40.0
No
11
22.0
Some time
19
38.0
Total
50
100.0
Inference:
The above table infers that 40% belong to the Yes, 38% belongs to the some time
22% belong to the No
20
Frequency
10
0
yes
no
some time
particulars
Frequency
Percentage
18
36.0
Equal to competitor
27
54.0
Inferior to competitor
10.0
Total
50
100.0
Inference:
Out of the total 50 respondents surveyed 54% of the respondents (a maximum) had
comments of equal to competitor,36% of the respondents had superior than competitor 10% of
the respondents belong to inferior to competitor.
20
Frequency
10
0
superior then compet equal to competitor
inferior to competit
The Respondents are asked about some factors Listed below in the organization
Factors
Satisfied the quality
Viability
Discount provide
Point Weight age
Factors
Satisfied the quality
Availability
Discount provide
H.S
15
10
11
3
H.S
45
30
33
S
23
26
29
2
S
46
52
56
N
12
14
10
1
N
12
14
10
Total
103
96
99
Total
50
50
50
Average
2.06
1.92
1.98
Rank
1
3
2
Inference:The Value obtained is in positive where it inters that a change in one variable was on
opposite change in another variable from the correlation analyses it is interred that when the
customers understand about their then they adopt to the organization
5.19 CORRELATION
Satisfied with
X2
Y2
XY
Discount provide
Opinion on the
by the spin co
price of spin co
X
11
29
10
x = 50
Y
10
26
14
y = 50
y2 x N (y)2
100
676
196
2
y = 972
(xy x N) (x x y)
x2 x N (x2)
121
841
100
2
x = 1062
972x 3 (50)2
3012 2500
3186 2500 2916 2500
512
686x 416
=
512
512
235,376
= + 0.95
534
CHAPTER VI
110
754
140
xy = 1004
Most of the respondents may know the brand for agent 32%
The respondents selecting the brand 44% belong to the quality & price 10% of the
respondents
The above table infers that 52% belong to the spin co brand, 38% belong to the AFT
satisfied
The above table infer that 54% of purchase directly from the company
The above table infers that 36%of quick sales, 58%of cost benefit
The most respondents may opinion on price 40% normal, 32%respondents high
From above table shows that frequency of strong brand image is 56% of yes and 44% of
no
The total number of respondents 50, discount provide they satisfied 48%
The above table infers that 62% of the respondents belong to the No, 38%of the belong to
the yes.
The above table infers 52% of the others, price will be more 22%,credit belong to the 14%
The above table infers that 40% belong to the Yes, 38% belongs to the some time
22% belong to the No
CHAPTER VII
From this study we found that most of the customer and agent prefer from cone yarn
product because it provides quickly finished product.
Only some of the agent are well-known with the cone yarn product and other customer
does not have even the basic awareness about the hank product also those agent who
are having the hank product because it gives very slow of finished product while
comparing to cone yarn product
Consumer will switch for the reasons for increase in their purchase ability or income,
discounts offered by competitive companies
Thus the product shows variety seeking buying behaviors among the consumer and
hence the brand switching attitude in high. This is unavailable
CHAPTER VIII
As spinco is enjoys a high brand equity in the might bias the findings
most of the customer did not spend more time in the questionnaire so it might affect
the quality of the data collection
ANNEXURES
9.1 QUESTIONNAIRE
A STUDY ON MARKET SURVEY ON THE BRAND EQUITY OF PONDICHERRY
CO OPERATIVE SPINNING MILLS LTD THIRUBUVANI
QUESTIONNAIRE
Name:
Age:
Sex:
Occupation
a) customer
b) agent
b) 5-10 Yr
b) Price
c) Brand name.
b) AFT
c) others
e) Highly Dissatisfied
8. Channel of purchase?
a) Directly from the company
b) From the agent
9. Please specify the reason for using this brand?
a) Quick sales
b) Cost benefit
b) High
c) Normal
b) No
13. Are you Satisfied with the discount provide by the Spinco?
a) Highly Satisfied
b) Satisfied
c) Neutral
d) Dissatisfied
e) Highly Dissatisfied
14. Do you like to switch over from this brand to other brand?
a) Yes b) No
a) If yes Means,
The Reason For to Switch Over
a) Quality b) Price c) Credit d) Customer Satisfaction e) Others
15. Do you suggest your friend and relatives to buy this brand?
a) Yes
b) No
c) Some time
__________________________________________________________________
_____________________________________________________
9.2 BIBILIOGRAPHY
BOOKS
1.Marketing Management Philip Kotler [PRENTICE HALL OF INDIA PVT,LTD NEW
DELHI-110001,2003.] 11th EDITION
2. Research Methodology C.R.Kothari[NEW AGE
INTERNATIONAL(P)LIMITED,HYDERABAD]
2ND EDITION.
3. Marketing Dr N. Rajan and sanjith.R.Nair[SULTAN CHAND&SONS Daryaganj
New Delhi-110002,1987]6th EDITION.
4. Marketing Management S.A.Sherleker[PRENTICE HALL OF INDIA PVT,LTD NEW
DELHI-110001,2003.] 1stEDITION
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