Professional Documents
Culture Documents
Brand awareness is a company's level of consumer awareness. This tests the willingness
of a potential customer to identify not only a brand image, but also to partner it with
the product or service of a certain organization.Brand awareness is best shared by
marketing efforts both inbound and outbound. If competition is high in an industry,
brand awareness can be one of the best assets of a business.
1.1.1 Why is marketing awareness of the brand important?
It is important to have a distinct message and an audience with the vast amount of pro
duct choices that can separate the brand of a company in its rivals. It may mean
the difference between a company's success and failure.
Comprehensive marketing campaigns can be designed around a brand awareness
promotion. It is especially important to spread brand awareness during the first few ye
ars of a business as they try to make a name for themselves.
If consumers are aware of a company's product, they are more likely to go directly
towards that company when they need that product, rather than researching other area
s where they can purchase that product.
Companies with successful & strong branding are perceived by the consumer to be
approved. Therefore, customers who are looking to buy a new product are more
assured & trust them more.
Introduction to Market Research
Market research is an ongoing effort to collect consumer or target market data.
The term is commonly interchanged with marketing research; however, expert practiti
oners may want to distinguish between marketing research and marketing processes,
whereas market research is specifically concerned with markets
Market research is one of the main factors used in maintaining competitiveness
over competitors. Market research provides important information which helps to
identify and analyze the needs of the market, the market size and the competition.
Market-research techniques encompass both qualitative techniques such as focus
groups, in-depth interviews, and ethnography, as well as quantitative techniques such
as customer surveys, and analysis of secondary data.
Market research, which includes social and opinion research, is the systematic
gathering and interpretation of information about individuals or organizations using
statistical and analytical methods and techniques of the applied social sciences to gain
insight or support decision making.
Conducting Primary Research
➢ During the conduction primary research, deciding mostly these basic ideology
in researcher’s mind that will also affect the optimal outcome from the
responses these 5 points are mentioned below
➢ What - What is the purpose of conducting the research what are the problem
statements that will be solved by conduction of the research.
➢ When – Time can also be considered as the one of the most important aspect
for the research for example- there are some of events which will get affected
by occasions. The data which is very useful currently might have no value in
future.
➢ Where – The outcome from the interpretation of the data that has been collected
from Research will display different result on the basis of geographic location
as well that are aligned with the culture thought process of the respondents as
well.
➢ How – Now the last but not least aspect which is also significant that how we
are conducting our surveys which comprises how we are spreading our
questionnaire in the markets and what kind of approach we have taken to float
the questionnaire in the area how we are managing our workforce either we are
doing with physical hard copy or it is through devices.
The most significant part about gathering market data is to give applicable information
to help tackle promoting difficulties that a business will undoubtedly confront. It is
practically difficult to finish any type of methodologies to handle the market until and
except if the showcasing examination group gets the correct data at the most feasible
time.
We have all studied in school about surveys and how collecting information about
certain things is possible with surveys. These surveys are done in order to collect some
sort of information regarding the project to understand, analyze and compile the
information| and manipulate the analyzed information and prepare the reports on the
factual basis.
INTRODUCTION TO KANTAR (IMRB)
About KANTAR
Kantar IMRB’s suites of solutions are designed on frugal, agile innovation and add
value, real value, to help clients make impactful decisions. By leveraging on its large
array of syndicated services and specialist divisions, Kantar IMRB helps clients in
crafting marketing and consumer strategies. Kantar IMRB has created products and
frameworks for global clients using the expertise and knowledge of emerging markets.
Kantar IMRB prides itself on developing and setting industry standards and continued
focus on innovation. This ability to blend innovation and analytical thinking to design
custom solutions for its clients h as led to strong and rewarding relationships.
Perhaps, this is why its top five clients have been with the company for over 25 years.
HISTORY
Established in 1970, KANTAR IMRB was modeled on the lines of the British Market
Research Bureau. IMRB provides market research and insights across South Asia,
the Middle East and North Africa with specialist divisions
in quantitative, qualitative, media, retail, industrial, customer satisfaction, business to
business and social and rural research. KANTAR IMRB’s syndicated research
offerings include the MarketPulse, the National Food Survey, Web Audience
Measurement (WAM), ITops, and I-Cube reports.
With over 1200 employees, KANTAR IMRB is one of the largest providers of market
research in India in an industry estimated to be worth a minimum of $ 187 million. As
the oldest extant market research company in India, KANTAR IMRB has been
responsible for establishing the first and only household panel, the first
television audience measurement system and the first radio panel in the country and has
played a key role in the development of market research in India. It has been rated the
'Best Market Research Company' by industry body Market Research Society of India
(MRSI) for several years
KANTAR IMRB's specialised areas are consumer markets, industrial marketing,
business to business marketing, social marketing, and rural marketing.
In the course of the most recent decade or something like that, Millennials (Defined as
those at present in age-band between 15-35 years) have developed as the support that
currently controls India's economy as purchasers, makers and above all as pioneers.
According to Census information, the Millennial populace of India is around 450
Million out of which around 300 Million Millennials (67% of absolute populace) live
in Rural India. The 300 Million Rural Millennials (36% of the Rural Population) speak
to a critical market. We gauge the optional burn through capability of Rural Millennials
to be USD 177 Billion (Source: Avg. Yearly Personal Income – Kantar IMRB STAR
Report 2017). Further, on a normal Rural Millennials represent 80% of the Monthly
Household Income of their family units. This means an expected yearly burn through
capability of USD 220 Billion roughly, that is affected by Rural Millennials.
Wallet screen review is intended to give you a top to bottom comprehension of buyer
spending designs, and furthermore experiences into the developing business sector
fragments as far as consumption designs crosswise over India. The examination tracks
family unit's investing needs over energy and consequently fills in as a vital promoting
apparatus to translate the shopper's utilization needs.
This skillet India study will assist you with understanding the shopper's use pie and the
pieces which establish it. Investigate how apparently random classes rival each other as
purchaser proportions his costs and reserve funds.
Keeping pace with the continually changing computerized space and the regularly
developing advanced purchaser is a mammoth undertaking for any brand. Kantar
IMRB's Digital works in investigate on the web and internet-based life. Utilizing the
most recent calculations to comprehend the computerized shopper, Digital can give
basic experiences into the online client's socio economics, conduct and dispositions.
Furthermore, it is additionally conceivable to investigate what individuals are stating
via web-based networking media as far as the brands that they are connecting with, the
nature of their discussions, their viewpoint towards rival brands and the sky is the limit
from there. These basic bits of knowledge can help brands to comprehend their
exhibition online just as make changes in accordance with their system any place
required.
Kantar IMRB Retail – At the cutting edge of retail research: In the savagely
aggressive business of retail, the two retailers and advertisers are everlastingly making
progress toward a bit of leeway to stretch out beyond the pack. Retailers need to use
each and every square inch of retail space to improve the client experience, which thus
drives deals, while advertisers bump with rivalry for the perfect retail nearness, one that
won't just draw the client's consideration, yet additionally put the item 'up front' in the
purchaser's mind space.
We accept that each purpose of offer offers endless research openings, since this is the
place dynamic customers are at that basic point of settling on 'what' they should
purchase while the store condition is continually nourishing them upgrade on 'why' they
should purchase.
Industrial Marketing,
Social Marketing,
Rural Marketing.
FREELANCERS
CHAPTER 3
RESEARCH METHODOLOGY
The study is been descriptive. This research is undertaken with an idea to see brand
awareness & Consumer Buying Behavior in KANTAR(Market Research Leader) with
refrence to Asian Paints .The main aim of this design is to ensure that the required data
which has been collected is objectively, accurately and economically correct.
i.Broad/General Objective:
The main purpose of this report is to understand the consumers buying behavior and
their attitude for selecting paints products.
ii.Specific Objectives:
I.To find out the factors customers consider for selecting paints and taking purchase
decisions.
II.Ø To study the brand awareness for Asian Paints & which brands consumer prefer &
use.
3.1.5 SAMPLING
Sampling is the process of selecting units from population that signifies
homogeneous characteristics. Sampling can be considered effective if it reflects the
characteristics of population. Sampling can be done on the basis of quotas.
Types of sampling
Snowball Sampling
Cluster Sampling
Stratified Sampling
Judgment Sampling
Quota Sampling
Systematic Sampling
While conducting the research, I faced some limitations which are given below:
i.Sample size is not large enough to generalize the data in terms of all customers in Indore
City.
ii.In this research, customer from the industrial and marine sector has not been considered.
Only decorative sector has been taken under consideration for completing the research
according to the mentioned topic.
iii.The respondents were unwilling to give their valuable time for survey for busy work
schedule.
iv.Shortage of time is another critical factor to collect, analyze and summarize the findings of
the study properly.
v. Lack of access to published and reputed journals and other institutional reports are also a
major limitation in this study to make a comprehensive literature review on the research
topic.
vi.This research has been designed to get consumer behavior insights keeping the company
Asian Paints Limited as a stakeholder in this regard.
vii.Cost of survey and transportation expenses were one of the major problems during this
research.
3.2 Project-Time Graph
Name Of Projects
NIFTY 3
Number of weeks
DIASPORE 2
SCAR 3
0 1 2 2 3 4
Project-Time Graph
Project-Time Graph
As it is basic the relationship that is being represented in the graph it simply illustrates that on
which project how much time we devoted on each project. Where on (Y-axis) name of
projects are presented and on the (X-axis) number of weeks associated with each project.
Every time it’s not possible to get the opportunities to work simultaneously on multiple
projects during the duration of 2 months but we lucky to get the assignment and it’s our
guide over there who understands and willingly he tried to involve our team on 4 different
projects so that eventually we can also get to know on which phase Product Life Cycle
market research works.
Chapter 4
RESULTS AND DISCUSSIONS
4.1 Project NIFTY
Since I have already discussed about theory and procedure of market research and in the above
diagram I also explained about the time I have given to a particular project but here I will brief
more about our project “NIFTY”.
4.1.1 Interpretation of questionnaire
A) Demographic Profiling of Respondents
S Q Percentage Freque
. UO ncy
TA
FEMALE 30% 45
Post-Graduation 10 15
Professional 50 75
3 Qualification
Others 40 60
10,000-20,000 12 18
Income
per 20,000-30,000 12.66 19
4
month
(in SAR) 30,000-40,000 50 75
NCCS A 25.33 38
5 Social
Econo NCCS B 50 75
mic
Class(
SEC)
NCCS C 12.66 19
NCCS D 12 18
Figure 4.1
The above mentioned table illustrates that the majority gender group
of consumers is Male. All respondents belong to urban area. Mostly
respondents are having Professional level qualification & second comes the
others. Most of the respondents income level is less than or equal to SAR
30,000- 40,000 which shows middle income group & most pf the
respondents belong to NCCS B.
1.) Gender Basis
Quota
Male Female
Fema
le
30%
Male
70%
➢ No Involvement
2. ) Location Basis
Quota
Rural
0%
Urban
Rural
Urban
100%
Quota
Post Graduation Proffesional Others
Post
Graduatio
n
10%
Others
40%
Proffesio
nal
50%
Sales
12%
NCCS A-38
25%
NCCS B-75
13% NCCS C-19
NCCS D-18
50%
Figure 4.5
Interpretation- Figure 4.4 shows that a large majority (50%) of the respondents were of NCCS A,
(25%) of NCCS B and remaining (25%) is of NCCS C&D respectively.
So now we discuss in brief about all these NCCS that what exactly are they?
They are social-economical classifications of the respondent that is based on their income,
wealth & qualifications.
This helps the researcher that how a respondent is sensible enough while giving their
responses on the questionnaire. In addition to this, this also helps the researcher to segment
the market according to their social-economic classification and then target them with the
range of products that align with the needs of the customers.
This section is also divided into three sections to get the proper estimate about the SEC of
the respondent.
SEC
Figure 4.5
MotorCycle CAR
And once respondent select the items they were using currently and in the last we also
have a question that says if they have and outside the city for the cultivation.
4.2.1(c) Simultaneously we need to consider our data on the basis of recent user or
intender?
Use
10%
Intender -135
Recent User-15
90%
100
80
80 75 75
60
40
40
20
0
Interior Exterior Destemer Emulsion
Applied quota
Figure-4.4
4.2.1(f) Now we ask questions from the respondent for ensuring that how & where brand is
positioned In respondent’s mind ?
It is very crucial for researcher to know how the customer understands about the
company and brand in their mind and where it is also positioned that also matters how
any consumer can recall any brand and on what they instance they Associate with the
brand on their purchasing behavior so here we are going to discuss that I have already
asked in their questionnaire basically it is divided into sections to see the position of
company or brand.
Responsers Mind Test
TOM SPONT
TOM
TOM is the abbreviation for Top of mind where me and my team was instructed to
hide the name of the companies and ask the Respondent to specify which company
comes to your mind first when I talk about wall paints company
So as stimuli the name of the company stated by him or her must collected and
submitted by us as response
SPONT
Where as this section comes in latter half after TOM where we simply ask our
respondents to respond on the question which brands comes in their mind besides the
response that they previously submitted in TOM question here now respondent will
address with 2-3 more company names.
-Likert Scale
Figure 4.5
As shown in figure the example of the likert scale is a tool which can facilitate to convert
qualitative data in quantitative form which facilitate researchers to analyze the information
and prepare reports that will give a understanding aligning to their objectives.
Note – Here I am unable to present actual questions on the scale because as per the norms of
(M.R.S.I) Market Research Society of India. We are not authorized to share our original
questionnaire.
Videos -
In this section particularly in our questionnaire we classified video into 2 types-:
1. Masked Video
2. Unmasked Video
Masked Videos
Masked videos in our projects are those where whole advertisement is being presented to
respondent but the slight change in the last that name of the brand not mentioned here we just
literally check the interpretation of the respondents even if they are aware about the brand or
not and they are able to relate brand and company with the advertisement
Unmasked Videos
After the presentation of masked video that I previously mentioned consecutively present the
videos where we ensure that our respondent must know about company and brand for next
time.
.
Challenges –faced During Execution of
Research
Now here I discuss that what kind of challenges I faced during the execution of my
primary research here I also represent a pie chart on genuine responses I get on the
duration of Primary data accumulation .At that time me and my team were
motivated enough to get the project done as the time is allotted to us its very
challenging task since it was rainy season at that time and we have nothing in reward
for them that motivate our respondents to submit their responses.
So because of this it will also become very Back-breaking since it requires skills and
efforts to convince them to give their responses in our questionnaire
Here from various challenges that I faced during the collection of primary data . I
divided these challenges into four major ways -;
Execution For
Responses
Accumulation
Already
Left in submitted Unsuitable
Rejections
between their for Quotas
Responses
These were the challenges that hinders our process of accumulation of data from the
respondents
1. Rejections - They are those who directly rejected or denied my proposal to submit the
responses on questionnaire some of the reason they replied that-:
They are not interested
Demands kinds of gifts or rewards In exchange
They don’t have time or they are in hurry
Some of them are not wise Enough who are unable to understand the process
of marketing research
2. Left in between -:
➢ This is because some of the our respondents are in middle of something if any
urgent has come in between the duration of the response so we have halt our
questionnaire and as per our instruction it is mandatory to complete all the
question till the last section about the detailed information about the respondent
it will automatically generated as unsuccessful in the account of primary
research executive
3. Already submission-:
➢ Now here are some of the respondent who had recently submitted their
responsibility and as per the guidelines of the kantar IMRB we are not
permitted to take responses of the respondent who have given their response in
past 6 months . As we have also been taught the reason behind this is that
psychology of the respondents that they cant behave genuinely there stimuli
differs
11
Rejection
38 Previously submisssion
Unsuitable For Quotas
Left in between
42
14
Client Service
This section reveals about the day where we showcase our procedure of survey to our
client that how we float our questionnaire to our respondents what are our guidelines
which mainly follows the norms of Market Research Society of India (M.R.S.I) as we
already make this clear to our client as well. Here Client is from the R&D department
of their respective company who visits field to monitor our work How we are collecting
primary data is in appropriate way or not.
CHAPTER 5
CONCLUSION
This zone deals with the disclosures of the assessment purchaser buying conduct
towards obtaining of new vehicle from an endorsed vendor. This part has been
apportioned into four fragments. Publicizing Factor, for instance, thing arrangement,
esteem, progression, packaging, arranging and compensation level. Along these lines,
its communicates that purchaser who is extraordinary the customer of the thing. The
immense predominant part (94%) of the respondents were using new auto for individual
use , (O% )we survey were using for business and rest (6%) for both. By and large,
people buy automobiles models in a general sense on account of credit costs, on account
of grouping of ornament, better assurance, outside blueprint. Every buyer has there on
busying tendency and there have inspiration to lean toward any models over another.
Generally people like to go to business and physically connect with them and a more
noteworthy measure of them furthermore need to contact vendor on phone. Generally
vendors pass on cost and portion decision verbally which is least requesting
methods.We can see that client acquiring conduct is affected by the exhibiting factors.
Singular Factor, for instance, age, sexual direction, preparing and compensation level.
Along these lines, its communicates that individualsgender, age wage pick the
acquiring behavior of buyer towards vehicle industry A huge larger part (76%) of the
respondents were male while 24% percent were female respondents and immense
prevailing part (52%) of the respondents were in various business beside factual looking
over (24%) or producing (24%). Every client have there on acquiring tendency and
there have inspiration to support any models over another. Month to month wage
depends which brand and car expo is to be acquired. Mental Factor, for instance,
obtaining intentions, view of the item, and perspective toward the item. It shows mark
dedication and what thing buyer would lean toward not to buy. From this we can see
that 98% of customer likes to buy from an affirmed dealer as one can without a lot of a
stretch trust on endorsed vendor unpredictably that infers that affirmed shipper make
trust in the mind of the customers
Through this it very well may be deciphered that in today’s world individuals
predominantly lean toward online survey before purchasing anything exceptionally
if there should be an occurrence of vehicle, (62%) said that they got called from
dealership to realize that everything is attractive or not Situational Factor, for
example, physical surroundings around then of procurement, social environment and
tie factor. It relies upon which month client is agreeable to purchase the auto For the
most part purchasing conduct of the shopper relies on the relations or companions i.e.
verbal exchange
5.1 Future Prospects
The parts of the investigation can be additionally inquired about upon. The present
examination was restricted to concentrate the components affecting purchasing
conduct towards the buy of new auto and to breaking down the inclination towards
the dealership amid the buy of new auto. Test estimate was 50 respondents. Number
of respondents can be expanded for the investigation for better outcomes. The
examination was done in Indore city as it were. It very well may be additionally
explored upon at state or national level. The present investigation was led of new
autos. It tends to be additionally investigated upon by including different fragments
of autos in the examination