Professional Documents
Culture Documents
on
Customer satisfaction analysis of Fanfare Bangladesh
Ltd
Supervised By
Sharafat Al Rafee
(Lecture)
Department of Marketing
Bangladesh University of Business and Technology
Submitted By
The Internship Affiliation Report entitled “Internship Report on Customer Satisfaction Analysis
of Fanfare BangladeshLtd” has been submitted to the Office of dean, in partial fulfillment of the
requirements for the degree of Bachelor of Business Administration (BBA), Major in Marketing,
Faculty of Business Administration by Mehedi Hasan Sarif, ID: 15163101143. The report has
been accepted and may be presented to the Internship Defense Committee for evaluation.
_______________________
Sharafat Al Rafee
(Lecture)
Department of Marketing
Bangladesh University of Business and Technology
Date:
Sharafat Al Rafee
(Lecture)
Department of Marketing
Bangladesh University of Business and Technology
Sub: Submission of Internship Report
Honorable Sir,
I am submitting my internship report on the topic of “Customer Satisfaction Analysis of Fanfare
Bangladesh Ltd” to you within the given time. I tried my level best to participate, observe and
identify the different credit activities of Fanfare Bangladesh, Head office and have written it
down from my own experience. For preparation of this report I have collected information from
different sections of the company.
During the preparation of this report I found it beneficial and knowledgeable for me and which
will definitely enhance to build my career in the near future
I sincerely hope that you will find the report very resourceful. If you require any further
information or clarification in interpreting my report, please do not hesitate to contact me.
Yours Sincerely,
At first, I would like to express my gratitude to Almighty Allah who has given me opportunity to
go through the total process of internship and to write a report in this regard.
At last I must mention the wonderful working environment and group commitment of this
institution that has enabled me a lot deal to do and observe the financing activities during my
internship period of three months. Finally, I convey my sincere thanks to my friends who inspire
in different ways to complete the report and the course as well.
This paper presents the results of a Customer Satisfaction analysis and questionnaire survey
conducted for actors related to the energy business and services. Customer Satisfaction analysis
describes the key Customer Satisfaction and roles in the energy business. The questionnaire
survey was conducted for key Customer Satisfaction, e.g. end users and service providers. The
key research questions were to identify market needs and existing and new business models for
district level projects or services. The survey explored what kind of new services end users need
now and in the future, what kind of services are expected from service providers, what kind of
services are provided by service providers and what kind of new services they are willing to offer
in the future. These results will be used as the basis for the development of new businesses and
services. Respondents assessed that the biggest obstacles to the implementation of smart projects
or services were the reluctance of players present in the business to change the conventional
business models and the lack of experience and knowledge of smart systems. The solution to
these barriers is that the rules encourage investment and new financing models. Service providers
want to sell service control skills for costs and expenses.
Letter of Transmittal.......................................................................................................................iii
Acknowledgement..........................................................................................................................iv
Executive Summary.........................................................................................................................v
Table of Content.............................................................................................................................vi
Chapter I
Introduction......................................................................................................................................1
1.1 Origin of the Report...............................................................................................................2
1.2 Objectives:.............................................................................................................................2
1.3 Methodology:.........................................................................................................................2
1.4 Data Sources..........................................................................................................................3
1.5 Limitations:............................................................................................................................4
Chapter-II
Company Overview.........................................................................................................................5
2.1 Introduction............................................................................................................................6
2.2 Vision, Mission and Goal.......................................................................................................7
2.3 Founders of Fanfare Global Pte. Ltd......................................................................................8
2.5 Fanfare Bangladesh Top Management..................................................................................8
2.6 Products & Services:..............................................................................................................9
Chapter III
Literature Review..........................................................................................................................10
Chapter IV
Survey Analysis and Findings.......................................................................................................19
4.1 Survey Analysis...................................................................................................................20
Chapter V
Recommendations..........................................................................................................................27
5.1 Recommendations:...............................................................................................................28
Conclusion:....................................................................................................................................29
References......................................................................................................................................30
I have been assigned to do my Internship program with the department of Finance at the Fanfare
Bangladesh Limited, Head office as a partial requirement of the B.B.A Program. It is a three-
credit course to complete the B.B.A program of the Department of Marketing. I prepared this
report on direction of my supervisor Sharafat Al Rafee, Lecture, Department of Marketing
Bangladesh University of Business and Technology, on “Financial Activities & Performance of
Fanfare Bangladesh Ltd.”. This report has been prepared on the basis of information that I have
known from the secondary information and the information I have collected during my
internship from Fanfare Bangladesh Ltd.
1.2 Objectives:
The main Objective of the study is to give an overview regarding Customer Satisfaction Analysis
of Fanfare Bangladesh Limited from the period of 2019 to 2020.
1.3 Methodology:
The paper is going to be written on the idea of knowledge collected from primary and secondary
sources.
The secondary data has been collected from the company’s the company news report, branches
manuals, and computer network of the company, completely different websites and numerous
publications of the establishment.
Some opinions and concepts are incorporated within the paper through interactive sessions,
interviews and informal discussions with the corporate officers.
To set up this report, standard methods of report composing have been utilized. For composing
this report various sorts of information we're expected to finish. We realize that approach is the
deliberate, theoretical analysis of the methods applies to a field of study. Commonly, it includes
ideas such as the theoretical model and subjective strategies. There are a few sources and
systems of Internship report strategy, for example,
METHODOLOGY
Various Data are required to satisfy the objective of this Internship report. Here I utilizing both
essential and optional information sources, I gathered the required information. For gathering
information from essential sources I went to One Bank Ltd. For gathering optional information
from the wellspring of web
Software
In this report here, I used some software for the calculations, graphical presentation for preparing
this report successfully.
MS Excel
MSWord
1.5 Limitations:
During my orientation, I’m ready to learn tons of things however still, it was not enough. There
are some limitations that I can’t ignore. the most limitations were:
The time span wasn't spare enough to find out all the activities of the organization
properly. Therefore, it had been terribly troublesome to hold out the full analysis.
Information inaccessibility was the constraint. Official documents on the detail activities
of the department weren't out there
For business secrecy, lead that may have enriched this report couldn't be.
I used to be There Placed for 3 months however in operating days I had to spend all days
for observing the loan proposal application & not allowed to go for client visit most of
the time so I couldn’t get enough time for collecting data for my internship report.
The organization is very conservative about their information, collecting primary data
was very hard for me. So, I have to prepare most of the part of my report based on
secondary report.
The organization is newly company so there have not enough data for my report
Lacking enough data which was important for making this report and which was not
accessible on sites.
Adequate articles, distribution, fats and figure are not accessible.
Chapter-II
Company Overview
2.1 Introduction
Fanfare is a social commerce platform specializing engaging companies fan community. The app
brings companies closer to their fans where consumer. Generated videos can be converted to an
instant point of sale. Fanfare is the only social commerce platform that allows brands to convert
real user generated videos into shoppable videos. Engaged directly with fan base. Drive more
traffic to existing E-commerce channels cost effective content marketing sales drives digital
marketing strategy.
Fanfare brings users/content creators, brands and consumers together on a unique video-
shopping platform, the Fanfare App. This is the only App in the world where brands can directly
curate and convert User-Generated Content (UGC) into point-of-sales shoppable videos. A brand
can add products for sale and link the video to its own E-store or preferred eCommerce site. By
clicking on these user-generated shoppable videos, consumers can do online shopping over
multiple eCommerce marketplaces, without exiting the App. The content creators are equitably
and systematically rewarded. The App also uses data analytics to provide brands with insights on
consumer preferences enabling them to stay connected.
Vision:
Fanfare Bangladesh Vision is a High-Growth, Prosperous and Digital Bangladesh. Also,
social connecting video sharing app.
Mission:
To make the impossible possible
To combine social connection and commercial action
Constantly seek to better serve the valued Customers.
Fanfare is the leading destination for short-form mobile video. Their mission is to
inspire creativity and bring joy.
Goal:
To portray social commerce platform where content maker, brands, e-commerce and others
social medias, will be equally benefited.
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Chapter III
Literature Review
Customer Satisfaction Theory
The marketing and consumer behavior literature has traditionally suggested that customer
satisfaction is a relative concept, and is always judged in relation to a standard (Olander, 1977).
Consequently, in the course of its development, a number of different competing theories based
on various standards have been postulated for explaining customer satisfaction. The theories
include the Expectancy-Disconfirmation Paradigm (EDP), the Value-Precept Theory, the
Attribution Theory, the Equity Theory, the Comparison Level Theory, the Evaluation Congruity
Theory, the Person-Situation-Fit model, the PerformanceImportance model, the Dissonance, and
the Contrast Theory. Early researchers, including Engel, Kollat & Blackwell (1968), Howard &
Sheth (1969), & Cardozzo (1965), relied on the dissonance theory developed by Festinger
(1957). Subsequent studies (Anderson, 1973; Olshavsky & Miller, 1972) drew on the
assimilationcontrast theories proposed by Sheriff & Hovland (1961). Later, Oliver (1977),
drawing on the adaptation level theory (Helson, 1964), developed the Expectancy-
Disconfirmation model for the study of consumer satisfaction, which received the widest
acceptance among researchers. These frameworks generally imply conscious comparison
between a cognitive state prior to an event and a subsequent cognitive state, usually realized after
the event is experienced (Oliver, 1980). Following the introduction of the EDP, Westbrook &
Reilly (1983) proposed the Value-Precept theory as a competing framework to study consumer
satisfaction, arguing that what is expected from a product may not correspond to what is desired
and valued in a product, and thus, values may be better comparative standards as opposed to
expectations used in the EDP. In addition, Sirgy (1984) proposed the Evaluative Congruity
model as another competing framework to explain consumer satisfaction. According to Chon
(1992) Tourist Satisfaction and Complaining Behavior: Measurement, and Management Issues in
the Tourism and Hospitality Industry, Nova Science Publishers, New York, 2008 the Evaluative
Congruity Model is a better framework than the EDP because of its ability in capturing the
different states of satisfaction/ dissatisfaction resulting from different combinations of
expectations and performance outcome. Last decades also saw the development of a number of
additional frameworks such as the Attribution Theory, Importance-Performance model, and the
Equity Theory for the study of consumer satisfaction. It is important to note that some of the
posited theories have received intensive attention in the literature (for example, the EDP), while
others have not provoked further empirical research (Oh & Parks 1997). The following section
undertakes a critical review of these theories postulated to explain consumer satisfaction, as this
is important to the development of the research.
Essential Stakeholders:: clients, providers, speculators, workers, among others, centered on the
patience of the organization and have a relationship of association between the stakeholders
(CLARKSON, 1995).
Optional Stakeholders: made out of "the persons who impact or influence, or are impacted or
influenced by, the organization, then again do not have direct contact with the exchanges and are
not simple for its endurance" (CLARKSON, 1995), e.g., the media, authorities and nearby
network (VASI; KING, 2012).
Another fantastic grouping is by means of Mitchell, Agle and Wood (1997), who made the
Stakeholder Salience Model with the goal of expressing the importance of every Stakeholder
earlier than the affect of the supervisors. In the Stakeholder Salience model, stakeholders'
capability impacts associations notwithstanding houses of intensity, authenticity and earnestness
(TASHMAN; REALIN, 2013).
Mainardes, et al., (2011) Highlight that the two sorts of important stakeholders are dormant -
which have simply one trait and get little consideration from the organization; and hopeful - who
have two characteristics and have an an increasing number of dynamic stance. Given the
definitions and orders of Stakeholders introduced, it is vital for associations to signify what their
identification is and what the necessities and wishes of the Stakeholders are so as to direct the
methods and accumulate esteem creation in the commercial enterprise (AGLE; MITCHELL;
SONNENFELD, 1999).
We can likewise noticed that the meaning of stakeholders is a situation for assessing the
presentation of the enterprise (FREEMAN, 1984; CLARKSON, 1995; DONALDSON;
PRESTON, 1995). To intensify this accentuation, the Performance Prism Model is proposed.
As per Abdullah and Ramly (2006), in generic stakeholder gratefulness (fulfillment) of the task
is the sizeable determinant of venture achievement, as this would have the upside of the
stakeholder being set up to dismiss timetable and value over-runs, delays and distinctive
necessities. Lim and Mohammed (1999) set that undertaking fulfillment ought to be considered
from alternate points of view, for example, singular, customer, patron and extraordinary
stakeholders. Two classes: the large scale and small scale perspectives have been proposed in
their investigation. The miniaturized scale see point drawing from the viewpoints of the person
client and end-client investigates the regular image of the assignment and decides whether the
first task thought is fulfilled. Then again, the miniaturized scale viewpoint of challenge
achievement established on the factors of view of the contractual worker, professional and other
mission faculty, manages venture accomplishment in littler phase levels, for example, pride of
specialized stipulations and end internal time, financial diagram and quality. Fig. 1 suggests the
project achievement measurements utilized in the examination, in view of the undertaking
support/customer and the venture group/advisor factors of view.
As per Shenhar et al. (1997) customer success is made out of four elements: enjoyable customer
needs, tackling predominant operational issues, the utilization of the item through the client, and
the degree of customer loyalty. Anyway Shenhar et al. (1997) area that challenge success
measures, for example, assembly the task determinations and high-quality recommendations
affect usually speakme purchaser achievement in the undertaking. This is adjusted to the
perspective on Westerveld (2002) that success follows when the person client and stakeholder is
content with the usefulness of the remaining result, and assignment results. Along these lines,
this exploration utilized the accompanying 4 achievement measurements in estimating
stakeholders' apparent fulfillment in a development mission – pride of (customer and specialized)
necessities, execution productivity, consistence to guidelines and in prevalent fruition of
activities inner time, spending design and quality.
Performance Prism
Neely, Gregory and Platts (1995), Neely (1999), Neely, Adams and Crowe (2001), proposed the
PP as a performance comparison mannequin (NEELY; KENNERLEY; ADAMS, 2002) used in
numerous areas (SMULOWITZ, 2015, NAJMI; ETEBARI; EMAMI, 2012; YOUNGBANTAO;
ROMPHO, 2015).
Neely (2007) highlights the PP as a response to criticism from previous models such as the
Balanced Scorecard (KAPLAN and NORTON, 1997), and constructed on 4 components
(NEELY, ADAMS and CROWE, 2001).
Initially, for Neely (2007, p.141-142) “the PP unifies other measures (e.g. Stakeholders,
employees, suppliers) and is built upon the strengths of persons in the organization. “Second, the
model accommodates budgetary measures (e.g. management cycles, front-line teams, forecasts)
and the degree of adaptation of the company, aiming at elevating overall performance (NEELY;
ADAMS; CROWE, 2001). Third, the mannequin enhances the subjectivity that exists in
accounting practice, as it exists in the valuation of goodwill and in the software of depreciation
(NEELY, 2007). For Neely, Adams and Kennerley (2002, p.142), this improvement occurs due
to the fact “some accountants orientations count on that they replicate the truth”. Fourth, the
mannequin advances the big difference between the price of a measure and the performance of a
measure, generating points of reflection and dependence on the two elements (NEELY,
2007).Presents the PP. The first dimension is stakeholder satisfaction, which seeks to apprehend
the key stakeholders and their needs, since these retailers play a integral function in the
organization’s overall performance (NEELY, 2007).
Fig: Performance Prism Model.
The 2nd dimension, strategy, weighs whether or not strategies are implemented, communicated
within the organization, inspired by way of personnel and whether they are as planned (NEELY;
ADAMS; CROWE, 2001). We spotlight that the organization need to are searching for answers
to the question: what strategies ought to be put into practice to meet the wants and needs of the
organization’s key stakeholders? (NEELY; ADAMS; KENNERLEY, 2002).
The approaches correspond to the shape of the demand, the improvement of the product or
carrier and the management of the organisation (NEELY, 2007). For Neely, Adams and Crowe
(2001), the approaches dimension concerns what makes the enterprise work. From the point of
view of measurement, the fundamental factors are: quality, quantity, time, ease of use and funds
(NEELY, 2007). According to Neely and Adams (2001), the important query of this facet is:
What are the vital tactics we need to operate and grow these processes?Capacities are the skills
and skills that the parties concerned need to have for the operationalization of the quick and
lengthy term processes, through a combination of people, practices, science and infrastructure
(NEELY; ADAMS; KENNERLEY, 2002). Sometimes groups want to apprehend what their
abilities are in phrases of production, distribution, deposit management, purchaser desires and
market structure (NEELY, 2007).
Finally, the stakeholder contribution emphasizes that not only must the enterprise make a
contribution to stakeholders, however stakeholders ought to additionally return the benefits to the
enterprise (NEELY, 2007). For Neely, Adams and Crowe (2001), the stakeholder contribution is
related with customer satisfaction, as it meets the desires of investors, consumers, distributors,
employees, regulatory agencies, communities and suppliers. Based on what has been discussed,
Figure affords the Performance Prism.
The point of this part is to observe the records and present the factual effects of the on the
internet and paper-based reviews. This phase is contained ten areas. The relationship between
Fanfare and Customer Satisfaction success ranges are analyzed and talked about their
satisfaction. Here we use for analyses Microsoft excel. Where sample data collected from 30
respondents. After learn about reactions were coded and entered electronically into the database,
it was crucial to check and clean the facts before opening the investigation.
1.How likely you would recommended Fanfare Bangladesh Ltd. To a friend or colleague?
Not at all Extremity Likely
1 2 3 4 5 6 7 8 9 10
This question we through for knowing about rating or review point of Fanfare Bangladesh Ltd.
Where have been 1 to10 rating point is here and also we defined it lower point is not at all and
higher point is extremely likely. Where we found,
Respondent
Not at all 12
Extremely Likely 18
Ex t r em el y L i k el y
No t at al l
0 2 4 6 8 10 12 14 16 18 20
After analysis this survey question, most of the respondent 18 people are highly recommended
wants to highly recommend for Fanfare and those who are not interested for recommended that
are 12.
Here total respondents are 40. Where from 37% respondents are very satisfied, somewhat
satisfied are 50%, none of the respondents are neither satisfied nor dissatisfied, somewhat
dissatisfied are 10% and very dissatisfied are only 3%. That means most of the Customer are
satisfied with Fanfare.
27%
Here out of total respondent most of the respondents that are 87% are satisfied with Fanfares
project or service. That means they get all needs that they expect from fanfare. And 13%
respondents who give negative answer about this question.
33%
Here most of the respondent 50% who are rated high quality of Fanfare and 17% respondent
gave their answer null and 23% respondents gave their answer low quality.
5. How would you rate the value for money of Fanfare services/programmes?
Excellent 14
Above average 06
Average 08
Below average 02
Poor 00
7%
Excellent
27% Above average
47% Average
Below average
Poor
20%
Here, most of the respondents 46% are rate value for money of Fanfare services or programmers
choose excellent, 20% choose above excellent, 27% are choose average, Below average are
chosen by only 7% respondents and null for poor.
7
6
4 4
0
Extremely Very Somewhat Not so Not at all Not applicable
responsive responsive responsive responsive responsive
Here out of 30 respondents, 16 respondent are agree with this question and they are satisfy for
responsive issue of Fanfare and only 10 people are properly not satisfy about responsive issue of
Fanfare.
7. How long have you been involved with Fanfare Bangladesh Ltd.?
First involvement 07
Less than six months 10
Six months to a year 09
More than 1 year 03
10
9
First involvement Less than six months Six months to a year More than 1 year
Here out of 30 Respondents 7 respondents are first time involve with Fanfare , 10 respondents
are involve less than six months, 9 respondents are involve with more than six months and more
than 1 year involve with Fanfare only 3 respondents.
4.2 Findings:
1. Continue to communicate with Customer using present day arrangements, with expanded
center of attention on enhancing verbal exchange with community-based groups about
funding and training opportunities, and coming near near events.
2. Build on contemporary stakeholder pride with Fanfare Bangladesh Ltd.’s collaborative
and localized strategy to verbal exchange by:
i. Increasing the visibility of Fanfare Bangladesh Ltd. staff as tons as
possible with the aid of having them attend events, field days and
community crew meetings, and arranging visits with Customer as
frequently as can be executed alongside with other work commitments.
ii. Combining that extended visibility with practical help where possible,
and/or willingness to engage.
3. Explore advantages from and strategies for broadening and deepening engagement with
Customer Satisfaction.
4. Consider the importance of speaking the social-ecological systems groundwork
underpinning Fanfare Bangladesh Ltd.’s strategic plan, and allocate extra efforts to
speaking this message if and as required.
5. Consult with every community-based group individually and collectively to determine
their unique wants for support, the use of the results of the potential survey as a
information collectively with individual team comments furnished in this report.
6. Priorities conversation with corporations and businesses that have partnered with Fanfare
Bangladesh Ltd. on projects to get to the bottom of any great problems and explore how
to construct on successes.
7. Further take a look at the consequences of this survey to discover its own interpretations
on how Fanfare Bangladesh Ltd. can enhance its performance.
Conclusion:
In short, the outcomes of this Customer Satisfaction Survey place an excessive emphasis on the
interplay of Fanfare's Customer and Fanfare is normally viewed to be a good performer in this
regard. The consequences additionally highlight it. Fanfare is viewed as presenting nice benefits
to the community and the environment. Local get right of entry to and face-to-face contact with
fanfare team of workers is appreciated, particularly in the community of rural place partners.
While the results normally provide perception for Fanfare's strategies, Customer had been no
longer necessarily deeply worried or wise with Fanfare's strategic plans. It suggests that the
strategic position that Murray can play in facilitating the contribution of region-wide Customer
in greater regional planning based on Fanfare’s socio-ecological method can be appreciated.
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