Professional Documents
Culture Documents
PROJECT REPORT ON
MARKETING STRATEGIES OF
Rashtrasant
Rashtrasant Tukdoji Maharaj Nagpur university,
NAGPUR
1
This is certify that the project report entitled “MARKETING STRATEGY OF
MOIL” submitted by MINESHWAR B. SAHU as partial fulfillment of Master of
Business Administration(MBA) of Rashtrasant Tukdoji Maharaj Nagpur University,
Nagpur for the academic session 2008-2010.
Date:
Place: Nagpur
2
I, Mr . Mineshwar Sahu hereby declare that this project record of authentic work
carried out by me during the period from 15/06/2009 to 30/07/2009 and has not been
submitted earlier to any University or Institute for the award of any degree/diploma
etc.
ACKNOWLEDGMENT
3
This report describes my first exposure to an company. With deep satisfaction and
immense pleasure I am presenting this report on
“Study of Import Export Policy of Unigroup Worldwide UTS Logistic Nagpur”
At. UTS Logistic, B. R. SHASTARY , NAGPUR Undertaken as a Summer Trainee
with Logistic Department.
It is my proud privilege that I have got an opportunity to work with an esteemed
organization like UTS Logistic Company. Its contributing working environment and
culture enabled my learning.
First and foremost, I express my deep felt gratitude to Mr. RAKESH SAHU Sir,
COORDINATOR) for giving me an opportunity to work on this project
(BRANCH COORDINATOR)
in his department. His valuable suggestion helped me to compile and prepare this
report.
Secondly, I would like to offer my sincere thanks to Prof . Anand muley, Prof.
Kartik uttarwar for their constant guidance at all stages of my work. Under them I
explor
explored
ed the kno
knowle
wledge
dge regard
regarding
ing organi
organizat
zation
ional
al behavi
behavior,
or, variet
varietyy of produc
products,
ts,
manuf
manufact
acturi
uring
ng proces
process,
s, compet
competito
itors,
rs, future
future potent
potential
ial custom
customers
ers,, contra
contracto
ctors
rs &
manufacturers of projects and various sectors related to my project. They taught me
how to work hard and play harder. Their contribution can never be quantified because
of immense practical knowledge that they have imparted.
Last but not the least, a special thanks goes to all other staff who have lend a helping
hand in every step that I took for analysis.
The culture of MOIL changes a person on philosophical, psychological and analytical
levels. I came out of MOIL a better person because of the learning that I have
gathered from these precious guides.
Besides the above mentioned, many officials of MOIL have been very cooperative
and helping. Without their encouragement and constant guidance I could not have
finished this project. In spite of their busy schedules, they were always there to meet
and talk about
about my ideas, my views,
views, and my queries.
queries. It has been most pleasur
pleasurable
able
working at MOIL.
4
EXCUTIVE SUMMARY OF PROJECT
COMPANY PROFILE
SCOPE OF PROJECT
HYPOTHESIS
RESEARCH METHODOLOGY
DATA INTERPRETATON
SUGGESTION &
RECOMMANDATION
CONCLUSION
LIMITATION
BIBLIOGRAPHY
5
It give
givess me imme
immens
nsee plea
pleasu
sure
re to pres
presen
entt this
this repo
report
rt on “Manganes
“Manganesee ore India
India
Limited”. (MOIL), Katol Road, Nagpur”.
6
This report addresses the various issues, which would help the organization to know
the expectations of customers of Manganese ore India Limited. About the promotion
of the products discovering what factors would lead to long term customer awareness.
This report is submitted as a part of course curriculum to Lokmanya Tilak Institute
of Management Studies and Research, Nagpur
• Setting up of objectives.
• Research Design Formulation.
• To determine the source of data (primary and secondary).
• To determine data collection method.
• To determine the sample size.
• To organize and conduct field- work.
• Data analysis.
• Report Preparation.
7
8
Organization
Organization
Chairman-cum-Managing Director
GM
GM
(Materials)
(Production)
Sr.DGM Sr.DGM
Sr.DGM
Sr.DGM
(Mech.) (Process)
(Safety & Trg.)
(Pl.& Env.)
9
10
MANGANESE ORE (INDIA) LIMITED
Manganese Ore (India) Limited (MOIL) a Miniratna PSU was originally
set up in the year 1896 as Central Province Prospecting Syndicate
whic
whichh was
was late
laterr rena
renam
med as CentCentra
rall Prov
Provin
ince
ces
s Mang
Mangan
anes
ese
e Ore
Ore
Company Limited (CPMO), a British Company incorporated in the UK.
In 1962, as a result of an agreement between the Government of India
and CPMO, the assets of the latter were taken over by the Government
and MOIL was formed with 51% capital held between the Govt. of India
and the State Governments of Maharashtra and Madhya Pradesh and
the balance 49% by CPMO. It was
was in 1977, the balance
nce 49%
share
sh areho
hold
lding
ing was
was acqu
acquir
ired
ed from
from CPMO
CPMO and MOIL
MOIL beca
became
me a 10
100%
0%
Government Company under the administrative control of the Ministry
of Steel.
To enri
enrich
ch the
the live
livess of the
the empl
employ
oyee
ee by deve
develo
lopi
ping
ng skil
skills
ls thro
throug
ughh comm
commititme
ment
nt
performance and innovation and providing the best of service identifying and adopting
the start of the art mining technology through innovative solution providing customer
satisfaction with
with quality services and delivery to maintain the status of market leader in
manganese industry
industry in India to diversify into areas for value
value addition based
based manganese
Ore to developed our mines to have optimum production capacity at all times without
compromising safety and environment protection continuously striving for efficient, cost-
effective a d eco friendly mining to make our mining area clean, green and eco- friendly.
To become the best mining company in the world by 2008 2008 through utilization
utilization of
skills and talent available to globally expand the activities of the company in all
possible areas keeping in view the value addition through joint ventures and
technology transfer to improve quality of low grade and waste dumps to high/
medium grads through integrated Beneficiary plant.
MOIL is the only public sector to install a 5MW wind mill at Nagda Hills near Dewas
(MP) generating 13.5 million units against rated capacity of 0.96 million units in the first
year another 15.2
15.2 MW capacity of wind Turbine
Turbine generation plants is under
under installation
Asia’s first state of the art modern 5,00,000
5,00,000 TYP beneficiation
beneficiation plant at balaghat is
commissioned winner of NATONAL conservation award 1st prize in mining
NATONAL energy conservation
12
sector for the first time since inception MOIL has been awarded the prime minister’s
merit certificate for MOIL ha bagged 3 awards in national safety awards by min. of
labour Memorandum of understanding with the government continuously with excellence
rating for the
the last 17 years CSR activities
activities are carried out
out by MOIL in almost every
possible way such as village adoption, education, community development, medical aid
environment awareness, etc.
To maintain Quality at all stages To create Quality consciousness amongst all employee
To enhance Total Customer Satisfaction through prompt delivery of Quality material and
services To bring Quality Management through performance leadership To continuously
maintain and improve the effectiveness of the Quality Management System.
Marketing Scenario
Due
Due to stee
steepp incr
increa
ease
se in the
the prod
produc
ucti
tion
on of Stee
Steel,
l, the
the dema
demand
nd for
for ferr
ferro
o allo
alloys
ys and
and
manganese
manganese ore had beenbeen on the increase since
since the beginning
beginning of last year. To meet the
increased demand, the Company had to put in extra efforts to increase production and
quality so that the supplies to the domestic ferro alloy products could be met to the
maximum
maximum extent
extent possible.
possible. Though
Though there has been a glut of export enquirie
enquiriess for MOIL
ore, the Company did not make any shipments as it is committed to fulfill domestic
requireme
requirementnt first. The sales performan
performance
ce achieved
achieved during 2004-05
2004-05 is the highest ever
since the inception of MOIL. For the first time in the history of MOIL, the
the sales turnover
has crossed
crossed the Rs.300 crore
crore marks during
during 2003-04.
2003-04. Even during
during the current
current year i.e.
2004-05, the demand continues to be quite high and the sales are even better.
1) Price adjustment
adjustment
2) Sampling
Sampling and
and analysis
analysis
3) Sampling
Sampling and chemicals
chemicals analysis
analysis
4) Physical
Physical analysis
analysis
13
5) Wigh
Wightm
tman
an
6) Paym
Paymen
entt
7) Tax and
and duties Royalty
Royalty vat,
vat, etc.
8) Invest
Investmen
mentt
9) Deli
Delive
very
ry
Annual production
Annual pro duction of MOIL is around 1.4 million tones which is expected to grow in
the
the comi
coming
ng years
years.. MOIL
MOIL hashas set up Ferr
Ferro
o Mang
Mangan
anese
ese Plan
Plantt (10,0
(10,000
00 TPY)
TPY) and
Electrolytic Manganese Dioxide (EMD) Plant (1000 TPY) as per its diversification plan
for value addition to manganese ore. MOIL is one of the Biggest Public sector in
Manganese production and overall Production of manganese is the 1.4 million tones and
the manganese it fulfill the 75% to 80% demand of the government as well the market
that mean’s the MOIL is leading sector in manganese production. That’s mean’s MOIL
has the MONOPOLY in India.
• MARKETING PLANING
• ANALYSIS
This market analysis takes into consideration both customers of Ferro and silica services
14
(Demand side) and providers of such services (supply side), mainly in the upstream part
Of the company.
Besides Ferro and silica is the important in mines therefore, there is a second group of
customers for Ferro and silica services, this is because companies
Outsource activities is service providers. The more complex these outsource services
Therefore, Ferro and silica service providers should not only think of a direct
Approach to manganese companies, but also consider an indirect approach through other
MOIL should determine an FERRO AND SILICA preference for sourcing. If the
FERRO AND SILICA prefers to source Indirectly, MOIL marketing efforts should
primarily target their preferred service providers .
This marketing strategy differentiates between primary and secondary. FERRO AND
SILICA Services. Primary services are those that are more likely to be procured directly
by FERRO AND SILICA while, secondary services are typically procured directly by
FERRO AND SILICA.
As well as by other service providers.
MANAGANSE
Companies
Secondary Services
Providers
Transportation
15
Trucking
Safety /
Health
Services
General
Supplies and
Supply
Services
Professional
Services
Other Services
1) Explor
Explorati
ation
on & Prod
Product
uct
2) Explor
Explorati
ation
on focus
focused
ed
3) Marketing focused
16
5) Manganese Company
6) Field Management
Company
This section concentrates on competitive aspects of the supply side of the company. It
Describes comparative advantages that manganese can use to overcome market barriers
and compete effectively.
MOIL need to know their comparative advantages and disadvantages relative to OSP.
MOIL should use comparative advantages to offset any disadvantages. It is important
that
MOIL consistently communicate their advantages to reinforce a positive image with
their Manganese customers
Local Expertise: MOIL is located near where the customer’s needs are to be satisfied.
MOIL knows the geography, infrastructure, climate and weather, and other particularities
of the area. They understand geographic directions to; for example, find a location in an
unmapped area
.
Business Community: MOIL is part of the local business community and supply
network and knows who provides particular products or services. Therefore, they can
usually be more effective and efficient at providing services that merely on input,
services and goods from other local companies.
Service Quality: MOIL can offer higher service levels because they have an established
base with an office, workshop, or storage facility in the area where their customers are
located. They can satisfy customer needs immediately and can respond to customer
complaints effectively. They can also address emergencies and critical situations on well
sites more quickly.
Flexibility: MOIL is open for business. They require no or short setup times. MOIL is
more readily available to provide required services. They can react quickly to changing
customer needs and requests. To a certain extent, MOIL can adjust their capacity quickly
by engaging local subcontractors with whom they have established relationships.
17
Cost Advantages: Transportation costs incurred in providing a service or delivering
goods are usually lower than for Manganese. In addition, if customers factored potential
time savings (travel time, shipping time) into their calculations, they may realize that
they can benefit from significant cost advantages by sourcing locally. This would hold
true even if, after tax, MOIL charge higher prices than OSP.
Value-Added Services: MOIL may be able to add services to their core service offering
Value-Added
that cannot be matched by OSP. The value added can compensate for nominally higher
prices of the core service and become a source of additional revenues. For example, a
local construction business could offer customers a service to temporarily store
equipment on its property; a machinery rental business could offer in-field
Service and maintenance contracts.
First Nations Relationships : MOIL knows their area’s First Nations and/or is First
Nations businesses. Therefore, they can provide better access to relevant First Nations
authorities, businesses and individuals.
Access to skills and resources : MOIL has access to specialized skills and resources
(such as equipment) necessary to create and market the required services. Because of the
larger size and greater maturity of their local markets, OSP have reliable access to a
much larger and scalable resource pool. This pool includes resources to fulfill demanding
pre-qualification
pre-qualification requirements, such as master service agreements.
Compliance with local regulations: MOIL must comply with local rules and
regulations. MOIL is reported to manage around these standards.
Adjust their business approach and pro-actively deal with controllable issues
That impact MOIL competitiveness (for example, identify ways to gain access to
Decision-makers, implement initiatives to build relationships with customers in
Calgary)
18
as mutual recognition of standards/certificates the enforcement of rules for all service
providers.
Compete Effectively
The MOIL service sector in BC appears to be in growth mode, however there
Is a general sentiment, particularly among companies in sustain mode that MOIL take
Business away from MOIL, MOIL need to determine whether they want to sustain or
grow their business and take this into consideration when revising their approach to
compete. Sustain and growth strategies differ with regard to the management of business
Relationships, resources (capacity) and skills.
Skills: Develop or buy basic skills to satisfy customer needs and business requirements
Complement skills with selected partnerships Develop or buy advanced business
development skills Seek strategic partnerships with other service providers and
customers.
The Above SIX market segments identified in section can be further condensed, since
Some have very similar needs. There are potential Target segments for MOIL.
Customer Groups
All-rounder Consultant
Explorer
Producer &Marketer
Intermediary
Integrated MOIL
19
Positioning and Marketing Objectives
MOIL should position their business along five dimensions.8 the first dimension is
Relationship orientation; the other four dimensions are related to marketing instruments
As described in the marketing plan. In order to successfully position their business,
MOIL need to determine their customers’ preferences, and target their marketing
approach accordingly. The following tables summarize the target positions and
associated
Marketing objectives.
LSP Target Position
Relationship
Relationship Orientation
Customers suggest that MOIL change their attitude towards customers, and
Show their target segments that they are genuinely interested in moving
From a transactional to a relationship-oriented
relationship-oriented business approach.
MOIL need to accept that customers have a choice to purchase from OSP or
MOIL and will often give preference to the supplier with whom they have
Established the best business relationship.
MOIL should position themselves as the trustworthy, experienced local
Alternative to OSP. They should employ all comparative advantages in their
Interaction with customers so that customers are willing to buy from them
For the advantages they see. MOIL should also be prepared to step in when
OSP cannot deliver. MOIL must be ready for the “moment of truth” when they have the
Opportunity to demonstrate to their customers that they can perform to
Expectations and that it is preferable to employ local businesses.
Marketing Planning
This section includes a marketing plan that specifies the use of marketing instruments:
Service (product) management, pricing, marketing communications (promotion) and
Marketing channels/contracts. The marketing plan takes into consideration different
Sizes of MOIL and ties together marketing activities at all levels of the service sector.
• Market opportunities for new services that would fit in with the MOIL
21
• The potential for bundling own services with new or other existing services
MOIL should start their review immediately. The busy season offers the opportunity to
Observe the market and implement new approaches, while managing the risks
Associated with change. At the close of the busy season, the organizational and financial
Requirements of intended changes should be assessed. Revised service offerings should
Be well developed and implemented before the 2005/2006 busy season starts. This
Should give enough lead-time to find, where required, the right partners and to adjust
Other marketing instruments (pricing, promotion, channels). Service offering reviews
should become part of a regular marketing routine. Employees should be encouraged to
share their ideas and service feedback interviews with Customers should be carried out.
This approach will improve service management, customer relations and employee
commitment. The MOIL should communicate all service offering adjustments to the
market.
Associations could assist MOIL with service reviews and bring MOIL in similar market
Positions together to jointly work on their marketing approach, for example in workshops
Associations could also probe regional markets to identify key services that are missing
Locally and are provided by OSP. Associations should educate MOIL on the potential
benefits of the Government’s Summer Drilling Incentive Program. This program
provides the opportunity to work year round, which is usually associated with better
capital utilization, retaining of qualified key personnel and stronger customer relations.
As in the case of the individual MOIL, these activities on the association level should be
Started immediately and completed before the 2005/2006 drilling season starts.
In the service industry, successful service or product marketing relies on skilled labour
Resources. Therefore, associations should ensure that current and planned qualification
Initiatives in Northeast BC support the development of the service offering of the sector.
Concurrent with association initiatives, Governments can support with market
Information.
Information. Further, associations should engage governments to ensure that human
Resources qualification and attraction initiatives in Northeast BC support the
Development of the service offering of the sector.
Setting the “right price” for a service requires an understanding of price sensitivities of
Target segments, market pricing information as well as reliable costing information.
22
As part of the service review, MOIL must gather the facts on pricing. They know their
own prices and should try to obtain pricing information on competitors. One source of
Information is a customer that has awarded a contract to a competitor. MOIL should ask
Customers directly for their feedback on price.
In a next step, MOIL need to understand in details the costs of providing a service.
Knowledge of their own cost base gives an indication of the lower price limits both in the
Short-term and the long-term. In the upstream Ferro and silica, market prices play an
Important role. Customers in the industry tend to accept prices as long as they are not
Excessive. Comparative advantages may allow MOIL, in some cases, to charge higher
than- market prices. If the cost base does not allow for lowering prices, the MOIL must
Explore ways to control service costs without jeopardizing service quality.
LSP should use the full range of pricing instruments, such as volume discounts, early
booking Discounts, summer discounts,
discounts, discounts for using a service year round.
round. On a
More strategic level, they should work with customers to identify areas where both sides
Can save costs through improvements in forecasting and operational processes. This
Would help ensure mutually acceptable price levels in the long run.
Promotional Activities
MOIL has a wide range of marketing communication instruments available to promote
Their business and their relationships with customers. This section recommends
Marketing communication activities and integrates them into a three-year plan with
typical budgets for small and large MOIL .11 The plans need to be adjusted to the
specific conditions and objectives of each MOIL . Potential promotional activities of
associations and governments should be linked to MOIL activities to reflect the sectoral
nature of the marketing plan.
23
Marketing communication activities such as advertising and public relations are less
Important under current market conditions in Northeast BC. Advertising is generally not
Very cost-effective because MOIL want to attract business for a relatively small market.
The effect of advertising in local and regional publications, such as this marketing plan
includes a list of media where advertising may be appropriate under
Certain circumstances.
Communication
Communication Basics
Marketing Events
Marketing events have potentially the highest relevance in marketing communication
communication for
MOIL. They enable face-to-face communication with customers outside
Routine situations and their offices. Trade shows and conferences, as well as CRICKET
Tournaments and other business functions, benefit from the excitement building up
Around them. Participants get together to exchange information and network.
Participants in great events remember them for a long time. MOIL can be actively
Involved in events, for example as an exhibitor at a trade show, or more passively as a
Visitor. Marketing budgets and objectives usually dictate the mode of participation.
Exhibitors and visitors alike should take the opportunity to network with customers and
peers, and do marketing research.
MOIL that have participated in the Global other events, such as the annual and
Conference in, have expressed satisfaction with this marketing tool. Typical costs for
operating a small booth, creating company brochures, time, travel and accommodation
associated with a small event range between $1,000 and $10,000. This amount can be
Significantly reduced
reduced when the materials can be used again at other trade shows and for
other purposes. For example, transportable
transportable displays can be set up at other shows and can
be used between shows on the company’s premises, in the lobby, in a meeting room or in
Other areas. Company brochures can be economically manufactured
manufactured in large quantities
And should then be widely used. The list of industry events in trade shows and
conferences that are either highly relevant industry events with a wide range of target
24
groups or specialized events. Both types are suitable for MOIL involvement. With regard
to general industry events and specifically targeted, MOIL should consider and FERRO
Exposition in Calgary as a first time demonstration of their repositioned business.
The service sector could have a joint booth to communicate the sector’s messages.
Associations and/or the Government would be ideal partners to co-ordinate the sector’s
appearance. The 2005 event could serve as a test case for the even more prestigious.
Service sector should be completely repositioned. Apart from these industry mega
Events, the service sector should continue to organize the Conference,
Probably the only industry event with a clear focus on business. The event’s agenda
should focus on business development opportunities. The hospitality felt
By participants during the last conference in such events are capable of creating a
positive environment for building relationships with target segments.
Trade Missions
Trade missions are a special form of event that can have substantial impact on
Positioning the sector as a whole as well as on individual MOIL. The last Government
led Trade mission to Calgary in June 2006 was considered very successful by
Participating MOIL. The Government
Government has plans to lead missions twice per year to, where
most of the relevant customer organizations are located. Similar events should be
considered on to bring together local representatives from customer.
With one important FERRO& SILICA player in that region. In the future this type of
event should be extended to more than one to increase the event’s reach, and should take
place.
MOIL should reconsider their approach to selling to their target segments. Acting locally
is not sufficient if the MOIL wants to have more than transactional business.
Prequalification
Prequalification in the form of MSA is often required.
25
Scope of project & Benefits
26
Scope of the project
To know what is the marketing strategies followed by the MOIL.
• What are the features customers expect from the company’s products (Ferro, silica
manganese) and services?
• To determine the impact of order service quality on the customer satisfaction level.
27
Benefits of this Project:
HYPOTHESIS
28
More than 80% of customers are satisfied with MOIL .
• Hypothesis)) : - M o re
H 0 (Null Hypothesis re t h an
an 8 0%
0% o f c us
us to
to me
me rs
rs a re
re
satisfied with MOIL
• H 1 (Alternate Hypothesis) : - M o r e t h a n 5 0 % o f c u s t o m e r s a r e
not satisfied with MOIL .
Hypothesis 2.
29
30
Research is any systematic activity carried out in the pursuit of truth. It is a
purposive investigation. It is the application of the scientific method to add to the present
pool of knowledge. It is an endeavor to arrive at answer to intellectual and practical
problems by the application of scientific methods. It is a way of finding new ways of
looking at familiar things in order to explore ways of changing it. It is organized enquiry,
designed and carried out to provide information for solving significant and pertinent. It is
an activity that exchanges, corrects or verifies knowledge. It seeks to explanation to
unexplained phenomenon.
The primary data are the data those which are collected afresh and for the first time.
One can obtain the primary data either by observation or by direct communication.
There are several methods of data collection-
1. Obse
Observ
rvat
atio
ion
n meth
method
od
2. Inte
Interv
rvie
iew
w met
metho
hod
d
31
3. Throug
Throughh questi
questionn
onnair
airee
4. Thro
Throug
ugh
h sche
schedu
dule
le
5. Using
Using mechan
mechanica
icall devic
devices
es
6. Etc.
The secondary data can be defined as the data which is not the first hand data. They are
those which have ready been collected by some one else and which have already been
passed through the statistical process.
The resources of the secondary data are…
1. MOIL.
2. Intern
ternet
et..
3.
Questionnaire
32
• To know the expectations of cust
custom
omer
erss of Ferr
Ferro
o mang
mangan
anes
ese,
e, and
and sili
silica
ca
manganese.
• To know the extent of satisfaction and dissatisfaction of existing buyers and users
of these products and services, vis-à-vis large scale availability of competitive
products and services.
I)
The research design formulation it’s depend of the PRIMARY DATA AND
SECONDRY DATA. The secondary data is already collected and,
Stage 1:
The first stage consists of simple exploratory research which consists of
secondary data collection.
1) Internal data
2) External data
Internal data
33
External Data
Stage 2:
The second stage consists of a more important and elaborative stage called as Conclusive
Research which in turn consists of descriptive research. This step involves primary data
collection
Descriptive research
Personal
Telephone
survey
survey
34
35
MOIL is the main and important manganese production company in India.
And the people prefer quality rather than price. So the studies try to chalk
out performance of various market strategies of MOIL .
1. How the
the customer
customer came
came to know about
about the
the product?
product?
• COLUMN DIAGRAM
60
50
Through ver bal public
public
40
Through companies
30
marke ting executive
executive
20 Throug an existing
10 customer
• O ut
ut o f 1 0 0 c u st
st o m er
er s,
s, 6 0%
0% is a l re
re ad
ad y the e xi
xi s t i n g
customer
2. What makes
makes you
you to buy this product?
product?
50
40
usefullnes
30 Experience
20 Brand name
regurlar custom
10
36
• Out of 100 customers 23% in favour of usefulness because
the quality of product is good.
• O ut
ut o f 1 00
00 c u st
st om
om e rs
r s , 4 5%
5 % i n f a vo
vo ur
u r o f B r an
an d n am
am e
because the moil is the big name.
3. Does the price play a decisive role while buying this product?
70
60
50
40 Doesn't matter
30 could be cheap
20
10
0
Column diagram showing about price play decisive role for buy this product,
• O ut
ut o f 1 00
0 0 c us
us to
to me
me rs
r s 6 5%
5 % i n f av
a v o ur
u r o f d oe
oe sn
s n ’t
’t m at
at t er
er
because the avaibility of the manganese is low.
• O u t o f 1 0 0 c u s t o m e r s 1 5 % i n f a v o u r o f c o u l d b e c h e ap e r
because the price is high.
37
4. Is the quality is better than other product available in the market?
70
60
50
Better
40
same as other
other
30
could
could be more bett
20
10
0
5. Is the products
products structural design
design good enough to fulfill
your requirements?
60
50
40 Yes
NO
30
Better sha
20 cant says
10
38
• O u t o f 1 0 0 c u s t o m e r s 5 5 % i n f a v o u r o f Y e s b e c a u s e th e
size and shape is depend open mines production.
• O ut
ut o f 1 00
0 0 c us
us to
to me
me rs
r s 1 3%
3 % i n f av
a v o ur
u r o f N o t he
he s iz
iz e i s
maintain by the customer.
• O ut
ut o f 1 00
0 0 c us
us to
to me
me rs
r s , 2 5%
5 % i n f av
a v o ur
u r o f B et
et te
te r s ha
ha pe
pe .
Because the size is already is good shape
6. Do you think that the company should have made any extra efforts to
advertise this product?
80
60
Yes
40 NO
Cant s
20
• O u t o f 1 0 0 c u s t o m e r s 2 2 % i n f a v o u r o f y e s b e c a u s e th e
company only display in internet and personnel magazines.
6. What additional
additional efforts
efforts should company put
put to promote
promote this product to a
larger customer?
39
60
50 Advertisement
40
Publicity
Publicity through inter n
30
telivision
20
initial
initial price discount
10
0
Column diagram is showing about Additional efforts for promoting the product.
• O u t o f 1 0 0 c u s t o m e r s 3 2 % i n f a v o u r o f P u b l i c i t y t h ro u g h
internet, television.
10
8 Price
Quality
6
prompt deliv
4
Discount
2 Brand name
0
40
• Out of 10/8 in Price because there is no any option.
70
60 Satisfied
50
somewhat Satisfie
40
30 Dissatisfied
20
Neither satisfied
satisfied n
10 Dissatisfied
• O ut
ut o f 1 00
00 c us
us to
to me
me rs
r s 1 3%
3% i n f av
a v o ur
u r o f S o me
m e wh
wh aw
a w ha
ha t
satisfied.
41
• Out of 100 customers, 10% in favour of neither satisfied no
Dissatisfied.
42
• The company must build up various shapes and sizes Manganese. Hence, the
company should improve upon its product mix in order to cater to the entire
Manganese market.
• The company must incorporate flexible credit policy towards the customers.
• It is recommended that the company must improve upon its quality of edge
finishing of Manganese so that the customer does not have to do the additional
work of smoothening the edges and hence, in turn the handling of end users
becomes easier.
• The company must communicate its marketing policy clearly to the customers
so that the customers have full
• The company must minimize its loading point delay so that the customers do not
have to bear losses since their trucks are waiting in the company for a long time
and hence cannot be used elsewhere.
43
• Towards the company and does not have to check the quantity delivered each time
the order is placed.
• From all these it found that the company must do something for marketing the
company’s products and services.
• Promotional affectivity
affectivity helps the company to take attention of the people for their
products to a great extent.
44
45
CONCLUSION
• A mo
mo ng
n g a ll
l l M an
a n ga
g a ne
n e se
s e p ro
r o du
d u ct
c t io
i o n c om
o m pa
p a ny
n y t he
h e M OI
O I L i s h ig
ig h
percentage of customers.
46
47
All research studies have limitations and a finite scope.
1.
Only 45 days have been allotted to the researcher, so due to this limitation the quality of
the research will get degraded, since any research process takes a lot of time to be
completed.
2 :
48
Since no TA/DA is being paid by the company, therefore this will cause a limitation on
the part of the researcher since the data collection from the customer will involve visiting
the customer’s places, hence accuracy of research will get affected as traveling may
involve a high amount of costs, all of which may not be borne by the researcher.
49
BIBLIOGRAPHY
50
51
Customer satisfaction with:
I)PRICE
II) QUALITY:
52
III) BUYING EXPERIENCE
53
V) OVERALL SATISFACTION:
54
Dear Sir/Madam,
Thank You for being a customer. Please take a few moments to
complete our promotional effectiveness survey. Your responses will help us to address
any issues that you may have, as well as to better target our products and services to meet
your needs. Your responses will be kept confidential.
The entire survey will take approximately 15 minutes to complete.
1. Customer information:
Contacted
Address
Ph. No.
Date
Signature
55
2. How the customer came to know about the product?
Usefulness Experience
4. Does the price play a decisive role while buying this product?
A doesn‘t matter.
B. could be cheaper.
7. Do you think that the company should have made any extra efforts to advertise
this product?
8. What additional efforts should company put to promote this product to a larger
customer?
57