Professional Documents
Culture Documents
I do hereby declare that the project work entitled “CUSTOMER’S ATTITUDE TOWARDS
SOUTH CO. SERVICES” submitted to KHALLIKOTE AUTONOMOUS COLLEGE, is a
record of an original work done by me under the guidance of Dr. Y.D. Nayak , assistant professor
in Commerce, Khallikote College, and this project work is submitted in the partial fulfilment of
the requirements for the award of the Degree In Commerce (B.COM). The results embodied in
this thesis have not been submitted to any other University or Institute for the award of any degree
or diploma.
I am highly indebted to my project mentor, Dr. Y.D. Nayak for his continuous support,
supervision, motivation and guidance throughout the tenure of my project in spite of his hectic
schedule who truly remained the driving spirit in my project and his experience gave me the light
in handling the research project and helped me in clarifying the abstruse concepts, requiring
knowledge and perception, handling critical situations and in understanding the objective of my
work.
I would like to thank all my seniors for their dedication and support, who contributed with insights
that reflect their experience in marketing from which I gain a lot.
I would like to thank my parents whose off time discussions with me always encouraged and
motivated me for the project. They were the one who helped me in understanding the market in a
better and easier way. Thanks to all my friends and colleagues that surround me and make life fun
to reduce stress and tiredness.
And lastly, it is only when one writes and realizes the true power of MS WORD 2010, from
grammar checks and replace-alls. It is simple. And the proper use of WINDOWS 10, the OS
where MS Office is unbelievable. Thank you Mr. Bill Gates and Microsoft Corp!
BERHAMPUR
DATE: 10TH FEBRUARY, 2020
PRIYANKA BISOYI
EXAM ROLL NO.: 011703CM253
This is to certify that the attached paper is my original work. I am familiar with, and acknowledge
my responsibilities which are part of THE KHALLIKOTE AUTONOMOUS COLLEGE. I affirm
that this paper or any section of the paper has not been submitted by anyone else. I have identified
the sources of all information whether quoted verbatim or paraphrased and all quotations with
citations and reference listings. Along with citations and reference listings, I have used quotation
marks to identify all the quotations used in my work. Nothing in this assignment violates
copyright, trademark or other intellectual property laws. I further agree that my name typed on the
line below is intended to have, and shall have, the same validity as my handwritten signature.
3
Khallikote Autonomous College
1.2OBJECTIVES OF THE STUDY
A) PRIMARY OBJECTIVES:
1. To study customer satisfaction level for the company SOUTHCO LTD. ODISHA.
2. To understand various problems faced by the customers of SOUTHCO LTD.
3. To understand the awareness about the company’s products among the customers.
4. To study on products they deliver to the customers and how the services are provided,
while delivering the product and maintaining the customers.
5. To analyse with the competitive company by comparing with product and services
provided to the customers.
6. To study on maintenance of products and services in an effective manner, and measure the
level of customer satisfaction.
7. To study on how much faster the services are provided by the SOUTHCO LTD if any
mistake happened.
B) SECONDARY OBJECTIVES:
1. To analyse the complaints of the customers towards the products and the services delivered
by THE SOUTHCO LTD.
2. To collect the information of the availability of particular products and services.
3. To find out the customer interest for the company’s product.
4. To develop effective solution to the problems faced by the customers.
5. To suggest measures for improving the financial performance of the organisation.
6. To analyse the profitability position of the company.
7. To assess the return on investment of the company.
8. To determine the solvency position of the company.
9. To suggest measures for effective and efficient usage of the power.
2. Questionnaire:
Questionnaire is the most commonly used method in survey. Questionnaires are a list of
questions either an open-ended or close ended for which the respondent give answers.
Questionnaire can be conducted via telephone, mail, live in a public area, or in an institute,
through electronic mail or through fax and other methods.
3. Interview :
Interview is a face-to-face conversation with the respondent. It is slow, expensive, and they
take people away from their regular jobs, but they allow in-depth questioning and follow-
up questions.
4. Observations:
Observations can be done while letting the observing person know that he is being
observed or without letting him know. Observations can also be made in natural settings as
well as in artificially created environment.
ADVANTAGES OF PRIMARY DATA:
1. Data interpretation is better.
2. Targeted Issues are addressed.
3. Efficient Spending for Information.
4. Decency of Data.
5. Addresses Specific Research Issues.
6. Greater Control.
7. Proprietary Issues.
Khallikote Autonomous College
DISADVANTAGES OF PRIMARY RESEARCH:
1. High Cost
2. Time Consuming
3. Inaccurate Feed-backs
4. More number of resources is required
SECONDARY DATA:
Secondary data is the data that has been already collected by and readily available from other
sources. When we use Statistical Method with Primary Data from another purpose for our purpose
we refer to it as Secondary Data. It means that one purpose's Primary Data is another purpose's
Secondary Data. So that secondary data is data that is being reused. Such data are more quickly
obtainable than the primary data. These secondary data may be obtained from many sources,
including literature, industry surveys, compilations from computerized databases and information
systems, and computerized or mathematical models of environmental processes.
1. Published Printed Sources:
There are varieties of published printed sources. Their credibility depends on many factors.
For example, on the writer, and time and date when published. New sources are preferred
and old sources should be avoided as new technology and researches bring new facts into
light.
2. Books:
Books are available today on any topic that you want to research. The uses of books start
even before we have selected the topic. After selection of topics books provide insight on
how much work has already been done on the same topic and so we can prepare the
literature review. Books are secondary source but most authentic one in secondary sources.
3. Journals/periodicals:
Journals and periodicals are becoming more important as far as data collection is
concerned. The reason is that journals provide up-to-date information which at times books
cannot and secondly, journals can give information on the very specific topic on which you
are researching rather talking about more general topics.
4. Magazines/Newspapers:
Magazines are also effective but not very reliable. Newspaper on the other hand is more
reliable and in some cases the information can only be obtained from newspapers as in the
case of some political studies.
2. General Websites:
Generally websites do not contain very reliable information so their content should be
checked for the reliability before quoting from them.
3. Weblogs:
Weblogs are also becoming common. They are actually diaries written by different people.
These diaries are as reliable to use as personal written diaries.
ADVANTAGES OF SECONDARY DATA:
1. Inexpensive.
2. Easily accessible.
3. Immediately available.
4. Will provide essential background and help to clarify or refine research problem – essential
for literature review.
5. Secondary data sources will provide research method alternatives.
6. Will also alert the researcher to any potential difficulties.
DISADVANTAGES OF SECONDARY DATA:
1. Expensive
2. Not immediately available – takes time to define problem, sampling frame, method and
analysis.
3. Not as readily accessible
4. Incomplete Information
So primary research entails the use of immediate data in determining the survival of the market.
The popular ways to collect primary data consist of surveys, interviews and focus groups, which
shows that direct relationship between potential customers and the companies. Whereas secondary
research is a means to reprocess and reuse collected information as an indication for betterments
of the service or product.
2. Understand expectations:
Understanding what customers expect from the company will provide ground to satisfy
their expectations by giving them enjoyable service.
Making an effort to discover what customers expect from the company in terms of service
and products is the way to satisfying their needs.
4. Pinpoint specifics:
Whether a customer is satisfied or not, the company needs to collect information to help
assess the situation.
Collect information about what customers purchased, what they liked and they did not like,
their actual purchase expectation and their suggestions for improvement.
7. Loyalty measurement:
Customer loyalty is the likelihood of repurchasing products or services.
Customer satisfaction is a major predictor for repurchasing and it is influenced by explicit
performance of the product, value and quality.
Loyalty is basically measured when a customer recommends to a friend, family member
about given product.
Overall satisfaction, repurchasing and likelihood of recommending to a friend are
indicators of customer satisfaction.
9. Intentions to repurchase:
Future hypothetical behaviour that indicates repurchasing the product is a measure of
satisfaction.
Satisfaction can influence other post purchasing trend through use of the word of mouth or
social media platform.
10. Monitoring:
Monitoring can be directed at phone, email and chat communications.
Monitoring includes automated phone interactions designed by companies to help give real
world glimpse.
11. Average Handling Time:
This means the average time taken to handle any customer query. This should be as less as
possible. I believe this is self-explanatory because if the query is entertained and resolved
in time or less time, the customer will feel comfortable and satisfied. So, keep your AHT
as less as possible.
The key limitation with this model is the impact of expectations – this can be the major
driver in determining the level of customer satisfaction, rather than the overall value
provided to the consumer.
The same principle applies to consumers and their interactions with firms/brands when
forming views of customer satisfaction, particularly for new customers to the firm. Their
resultant initial customer satisfaction assessment will be primarily driven by their prior
held expectations.
The main concern here is that the easiest way for a firm to achieve high CSAT (customer
satisfaction) scores is to create relatively low levels of expectations. Everybody may have
heard the old under-promise and over-deliver cliché but that can be a fallacy that is
discussed in a separate article on this website and may even reduce profitability.
Therefore, if consumers have relatively low levels of expectations of a firm, then they are
less likely to deal with them and they are less likely to use the firm for higher value
purchases. These two factors in combination increase new customer acquisition costs
while, at the same time, limiting profit per customer – which adds up to equal reduced
profitability, not enhanced profits.
A good example of this occurs in the credit union industry, where (on average) credit
unions have much higher CSAT scores than banks, but much lower rates of growth and
profitability.
However, customer satisfaction can be a relatively poor measure of the above issues and
there are more direct and reliable marketing metrics available.
For example, customer loyalty can be measured more accurately through loyalty programs
or through the customer database. In fact, research suggests that there is a weak correlation
between CSAT and loyalty. And customer profitability does not necessarily align to high
customer satisfaction scores either, as highlighted in the credit union industry case study
example.
The final bullet point above is quite interesting and more relevant. Many firms are now
using a version of “would you recommend this firm to a friend?” This is becoming a
highly viable alternative to the traditional customer satisfaction question. Its prime
advantage is that it removes the impact of expectations and provides a much cleaner and
reliable metric as a result.
So, the primary limitations of customer satisfaction of SOUTHCO SERVICES are:
• The study was limited to only four years Financial Data.
• The study is purely based on secondary data which were taken primarily from Published
annual reports of SOUTHCO LTD.
• There is no set industry standard for comparison and hence the inference is made on
general standards.
• The ratio is calculated from past financial statements and these are not indicators of
future.
• The study is based on only on the past records.
• Non availability of required data to analysis the performance.
• The short span of the time provided also one of limitation
INTRODUCTON OF SOUTHCO.
The Southern Electricity Supply Company of Odisha limited (SOUTHCO) was incorporated on
19-11-1997 under the companies Act, 1956 as a public Limited company. The Company started
functioning with effect from 26-11-1998, under the distribution and retail supply license of
GRIDCO, after notification in the official gazette by the Govt. of Odisha, SOUTHCO received the
distribution and retail supply license from Odisha Electricity Regulatory commission(OERC) for
distribution and retail supply of electricity in the southern Odisha, consisting of district of Ganjam,
Gajapati, Rayagada, Koraput, Phulbani, Kandhamal, Nawrangpur, Malkangiri, and Puri(some
parts) with effect from 01-04-1999. By virtue of Power sector reform in Odisha. SOUTHCO
became a subsidiary of BSES Limited, Mumbai on 1st April, 1999 by acquisition of 51% of the
shareholding of the company by BSES Limited. The company has authorized and paid up capital
of Rs.37.66 crores. At present, SOUTHCO operates in the geographical area covering
47,000sq.kms.and provides electricity to about 16 lakhs consumers in its licensed area.
2.1VISION OF THE COMPANY
SOUTHCO is committed to transform itself into a successful and efficient electric supply
company, responsive to the needs and expectation of consumers and interests of all stake holders.
Through teamwork and innovation, SOUTHCO shall ensure.
• Development of an efficient and reliable electricity supply network which meets the
requirements of diverse group of consumers.
• Development of the company as a learning organisation which consider customer
satisfaction as main purpose of business.
• Streamlining of the billing system, revenue collection and other value added service for
consumers.
• Strengthening of safety, loss reduction activities & promoting environment protection.
2.2CLASSIFICATION OF CONSUMERS
Licensee may classify or reclassify the consumer into various categories from time to time as may
be approved by the Commission and fix different tariffs and conditions of supply for different
class of consumers. The present classification is as follows:
a) Domestic consumers:
This category relates to supply of power to residential premises for domestic purpose only
and shall include consumers under Kutirjyoti Programme. This shall also include supply to
occupants of flats in multi-storied buildings or residential colonies receiving power at
single point for domestic purposes when connected load for non-domestic load exceeds
10% of the total connected load. In case the non-domestic load exceeds 10% of the total
connected load; they shall be treated as commercial or general-purpose consumers as
b) Commercial:
This category relates to supply of power to premises to which are used for office, business,
commercial or other purposes not covered under any other category with a contract
demand up to but excluding 110KVA and where the non-domestic load exceeds 10% of
the total connected load.
c) Street Lighting:
This category relates to supply of power to local authority or public body for providing
streetlights.
d) Railway Traction:
This category relates to supply of power for railway traction.
g) General Purpose:
This category relates to supply of power for all general purposes comprising mixed load
and with a contract demand of 110 KVA and above where the non-domestic loads exceeds
10% of the total connected load.
h) Public Instructions:
This category relates to supply of power to educational institution including hostels,
government hospitals, government dispensaries, primary health centres, charitable
dispensaries, religious institutions, dharma Salas, electrics crematoriums and non-
commercial sports organizations.
i) Small Industries:
This category relates to supply of power of power for industrial production purpose with a
contract demand below 22 KVA, where power is generally utilized as motive force.
j) Medium Industries:
This category relates to supply of power for industrial production with contract demand of
22 KVA but below 110 KVA, where power is generally utilized as motive force.
l) Heavy Industries:
This category relates to supply of power to industries with a contract demand of 25000
KVA and above where power is substantially utilized as motive force.
o) Temporary Supply:
This category relates to supply of power to meet temporary needs on special occasions
including marriage or other ceremonial functions, fairs, festivals, religious functions or
seasonal business provided that such power supply doesn’t exceeded a period of six
months.
p) Industries Owning Generating Plants (Captive Power Plants) Availing Emergency Supply
Only:
This category relates to supply of power to industries with generating plants or including
Captive Power Plants only for start-up of the unit or to meet their essential auxiliary and
survival requirements in the event of the failure of their generation capacity. Such
emergency assistance shall be limited to 25% of the rated capacity of the largest unity in
the Captive Power Plant or Generating plant. In case any special provision is made in a
Power Purchase Agreement, approved or accepted by the Commission, such provision
shall apply in such cases, subject to the provisions of this code.
Consumers under Special Agreement:
The licensee may, having regard to the nature of supply and purpose for which supply is required,
fix special tariff and conditions of supply for the consumers not covered by the classification
enumerated in this code. For such purpose licensee may enter into special agreements with the
approval of the Commission with suitable modifications in the standard agreement form. The
commission shall separately approve the tariff in such cases.
Reclassification of Consumer:
If it is found that a consumer has been classified in a particular category erroneously or the
purpose of supply as mentioned in the agreement has changed or the consumption of power has
Khallikote Autonomous College
exceeded the limit of that category or any order of reduction or enhancement of contract demand
has been obtained, the engineer may reclassify him under appropriate category after issuing notice
to him to execute a fresh agreement on the basis of the altered classification or modified contract
demand. If the consumer doesn’t take steps within the time indicated in the notice to execute the
fresh agreement, the engineer may after issuing a clear seven days show cause notice and after
considering his explanation, if any, may disconnect the supply of power.
2.3ENERGY SAVING TIPS
• Use tube lights instead of bulbs.
• Use electronic chokes in Tube lights.
• Keep your electrical equipment and fixtures clean.
• Use faint colours to the walls.
• Switch off tube lights, fans etc. when not in use.
• Use electronic regulators for fans instead of ordinary regulators.
• Defrost refrigerator regularly.
• Do not open refrigerator frequently.
• Ensure that the air-conditioned space is properly closed.
• Clean regularly the filters of air-conditioners.
• Set geyser thermostat at the minimum.
• Buy electrical equipment of ISI marks only.
• Do not overload washing machine more than the prescribed limit.
220/130KV
220KV 130/33KV
Background to the reform: The power sector in Odisha suffered from high transmission and
distribution losses, inadequate accountability for various segments (generation, transmission, and
distribution), poor financial performance, poor quality of service and manpower related issues.
There was a pressing need to solve the financial problem in Odisha State Electricity Board
(OSEB) and meet the projected demand of funds for investment in generation, transmission and
distribution system. It was also the time when the new national Economic policy, 1991 was
announced which envisaged liberalization and private participation in infrastructure development.
Reform Agenda: Keeping this view in mind, the state Government of Odisha pioneered Reform
and Restructuring in the power sector by introducing POWER SECTOR REFORM ACT 1995,
which came into effect from 1st April 1996.Odisha Electricity Regulatory Commission (OERC)
was formed to establish an independent and transparent regulatory regime. The Government of
Odisha decides to restructure and substantially privatize the power sector, to make power supply
more efficient and to be able to meet the investments needs of the sector.
The Odisha government’s ultimate objective was to withdraw from the power sector as an
operator of utilities, having instead privately-managed utilities operating in a competitive and
appropriately regulated power market. Power sector industry and market structures to be
established under the reform program had been defined so as to facilitate this ultimate objective
with no further institutional restructuring. The World Bank supports these government initiatives
by providing US$350 million assistance.
The Odisha power sector reform was carried out in two phases as explained below:
First phase of reform: Two Government-owned corporate utilities were formed with agreement
ensuring full autonomy with effect from 1st April 1996, these were:
• Odisha Hydro Power Corporation (OHPC) ---responsible for transmission and distribution
functions.
Second phase of reform: Pursuant to the Odisha Electricity Reform Rules,1998,the Govt. of
Odisha transferred the distribution asset and properties along with personnel of GRIDCO to four
distribution companies with effect from 26th November 1998.These four distribution companies
namely CESCO,NESCO,WESCO and SOUTHCO continued to function as affiliates of GRIDCO
up to 31st march 1999.Through a process of international competitive bidding, GRIDCO
disinvested 51% share to private sector investors keeping a share holding 49% taken place. Assets
have been assigned to respective companies. At present GRIDCO purchases power from
independent generation utilities e.g. NTPC, OHPC, OPGC, IIPs, and CPPs and provide it to four
privatized distribution companies who in turn cater to the need of customers.
2.7FORMATION OF GRIDCO
GRIDCO incorporated in the under the Indian companies Act 1956 on April 20, 1995.GRIDCO
will be responsible for transmission, coordination of the system planning and operations,
distribution and contracting for new generation. GRIDCO is represented as Odisha state
Electricity Board’s successor organization and will represent Odisha at Eastern Region Load
Dispatch Centre operated by POWER GRID.
On 28 November, GRIDCO announced its intention to part the business of it into four distribution
zones and shortly thereafter issued the RFQ and background information documents. DISTCO’s
have been incorporated for the four distribution zones and the business will be transferred to the
DISTCO’s. At this stage the DISTCO’s will be wholly owned subsidiaries of GRIDCO. Privation
is to be way of the transfer from GRIDCO to the DISTCO’S which have been formed to acquire
the Zonal Business, through an ICB (INTERNATIONAL COMPETITIVE BID) process.
The principal activities of each of the zonal business are the supply of electricity to consumer’s
operations and maintenance of the distribution network, connection of new consumers and billing
and collection of revenue. In addition, at GDICO head office, activities carried out centrally
include regulatory affairs unit, rural electrifications, PMU, stores procurement, civil. Works DSM
(Demand Side Management), finance, legal, and human resources. The distribution system in
Odisha is supplied primarily through 132/33KV Grid sub-station (with some 220/33KV
49%
GRIDCO TOTAL
SHARE
OF THE
51% COMPANY
REL
The elements of
good service
Providing service:
When service provided to the customer three main elements participate in the service production,
• service environment,
• contact personnel, and
• other customers.
Providing service is actually a series of activity of these three elements. In the service proving
activity some customer participates actively by sharing suggestion or giving positive and negative
feedback to the personnel; other remains passive like let the personnel do their own job. Thus each
customer needs be served differently but should be served with equal respect. Contact personnel
may be distinguished in two grouped, both continuous and direct contact with the customer or
seldom and infrequently in contact with the customer.
Service package:
Taking consideration into customers Service Company markets different service package that
design to match different customer wants and needs. These service packages have the same core
service but sometimes it is hard to define which the core service is. As for example, a customer
cannot pay an invoice without paying the bank service charge. Thus additional service is built
around core service to facilitate customer. It makes the service and interesting and helps to
generate more revenue because sometimes it is insignificant to earn revenue only from core
services.
Service culture:
However, customer contact at service quality stage on the basis of core service and additional
services. At this point, customer becomes very judgemental about the product quality and they
create an image quickly whether the service is good or bad. Thus if contact person does give the
Khallikote Autonomous College
right information or become rude every effort goes negatively, and they do not get a second
chance to make this positive. Customers’ expectation and experience are to be conflicted here. In
the figure 3 showing that service quality image is spared in 2 dimension where customer already
hold an image about the experience of owning or some others statements, on the other hand after
experiencing service with company personnel, environment, equipments etc. if the everything
goes positively, customer experience goes overwhelmed and they do not notice and fault or defect.
But if experiences do not meet the expectation then they see all the faults and reinforces.
Service culture definition:
Service culture is overall atmosphere of service process that gives customers an experience, feel
and what they see in company or in organization. It reflects company’s values and norms where it
is an implied and tacit agreement about what is permitted and forbidden in the service
organization.
Service quality definition:
Service quality is a complex and ephemeral concept which refers to some attribute of what is
offered, provided whereas satisfaction or dissatisfaction refers to a customer’s reaction to that
offer. Many refer service quality focuses specifically on dimensions of service.
‘Service quality is the totality of features and characteristics of service that bear on its ability to
satisfy stated or implied needs’.
Service quality dimensions:
The evaluation of service quality is formed during the service supply is process. In the figure- 4
depicting service qualities is focused evaluation that reflects the customer’s perception. Showing
in the figure that five principal dimensions that customers use to judge service, quality, reliability,
responsiveness, assurance, empathy and tangibles.
Service quality regulation is an important and timely issue in many industries. The question of
governance of power sector is an important question before researchers, policy makers and
administrators for the obvious reason of its being an important input for socio-economic
development of a nation. Power sector involves complex activities like generation, transmission,
distribution and final delivery of service to end-users, i.e. consumers. Initially, private sector was
the main player in the power sector when the electricity came to be used in India during the pre-
independence period. The trajectory of power industry, from its inception to the present, has been
complex rather than being simplistic for the reason that the pendulum of industry's ownership and
regulation swings between privatization and nationalization. The consumers are main sufferer in
this type of situation, and the satisfaction level decreases day by day. So government has changed
it's strategies by implementing e-governance to electricity sector for achieving maximum
consumer satisfaction. The first step to e-governance is change management within the
government, enhancing citizens' access to information and improving government-to-citizen
(G2C) interactions. This work seeks to propose a theoretical scale to measure e-government
service quality and validate the measured instrument for electricity utility service by structural
equation modelling.
2. ASSETS
(1) Non-current assets
a) Fixed assets 22,509.23 23,411.97
(i) Tangible assets 2,330.29 2,191.22
(ii) Capital work-in-progress 24,839.52 25,603.20
17.75 17.75
b) Long term loans and 43,167.04 26,855.29
advances 68,024.31 52,730.13
c) Other non-current assets
5,203.58 2,761.83
(1) Current assets 26,463.18 16,735.08
a) Inventories 9,852.94 7,760.26
b) Trade receivables 1,007.91 347.97
c) Cash and bank balance 1,805.63 995.16
d) Short-term loans and 44,333.24 28,346.41
advances
e) Other current assets 1,12,357.55 81,076.54
TOTAL
Tax expenses - -
Current tax - -
Deferred tax (3,422.88) (2,62.04)
(Loss )after tax
2. ASSETS
(1) Non-current assets
a)Fixed assets
(i)Tangible assets 32,963.24 21,429.77
(ii)Capital work-in-progress 5,697.89 17,704.58
38,661.13 39,134.35
b)Long term loans & advances 113,89 203.54
c)Other non-current assets 55,721.65 55,574.31
94,496.20 94,912.20
1,53,063.20 1,47,007.69
TOTAL
Expenses
Cost of electrical energy
purchased(net rebate) 60,673.01 60,899.25
Employee benefits expenses 20,885.24 20,062.23
Finance costs 3,278.69 2,832.57
Depreciation and Amortization
expenses
2,000.21 1,837.68
Less: Transferred from service
contribution and capital
subsidy (672.63) (196.54)
1,327.58 1,641.14
Tax expenses
Current tax - -
Deferred tax - -
(Loss )after tax - -
(29,126.71) (1,076.18)
Earning per equity share (face
value 10per share)
Basic (77.34) (2.86)
Diluted (77.34) (2.86)
RESEARCH FINDINGS
AGGREGATE
INTERPRETATION
SUGGESTIONS:
1) The company has to increase the profit maximization and has to decrease the operating
expenses .
2) The company should maintain sufficient cash and bank balances; they should invest the
idle cash in marketable securities or short term investments in shares, debentures, bonds
and other securities.
3) The company must reduce its debtors collection period from 83 & 84 days to 40 days be
adopting credit policy by providing discounts to the debtors.
4) Return on investment fluctuates every year. The company has to make efforts in increasing
return on investments by reducing its administration, selling and other expenses.
5) The company should increase its interest coverage ratio to serve long term debts. The
net loss of the company is increasing over the study period. The organization should
improve its operational activities to cover the losses.
6) As south co is a service oriented company we should not expect more profits but still the
company should keep the activities of the organization as much as possible profitably to
keep the interest of the shareholders as well as company a safe side.
7) The customer satisfaction of the company are not so favourable.
Khallikote Autonomous College
8) Employee expenses are increasing year by year which decreases the profit the company
should keep this expenses as minimum as possible.
Suggestions for customer satisfaction measuring is:
• identification of criteria which play a key role in evaluating the product or service by
customers,
• research the perception of a product or service by customers,
• assessing the fulfilment of customer expectations for product or service,
• research the level of customer satisfaction with a cooperation with the company,
• comparing the level of customer satisfaction with products of the competition,
• understanding the main factors of customer satisfaction, affecting positively and negatively
on the level of satisfaction,
• determining customer’s expectations connected with attributes of a product or service,
• identifying the most important customer service elements,
• determining the degree of importance of individual factors influencing the customer
service.
• measures of product value and the value of the nonconformity with the client’s
expectations with the customer satisfaction,
• measures of satisfaction or its lack,
• measures of customer satisfaction or its lack due to the consequences it may bring.
Designing of satisfaction measuring should include following groups of customers:
• Customers who are loyal to the company.
• Customers who are loyal to the competition.
• Clients who use multiple providers.
For identifying the customer requirements for a PRODUCT, the survey must cover the following
areas:
• Performance
• Timeliness
• Reliability
• Durability
• Serviceability
• Aesthetics
For identifying the customer requirements for a SERVICE, the survey must cover the following
areas:
• Security
• Reliability
• Accessibility
• Timeliness
• Responsiveness
• Empathy
• Assurance
This requires the organization to answer the following questions:
Khallikote Autonomous College
• How many customers to survey?
• Whom to survey?
• How to survey?
• When to survey?
• Who should conduct the survey?
While conducting the survey, the organizations must include the following customers:
• Present customers
• Potential customers
• Past customers
• Competitor’s customers
The following methods can be used for conducting the survey:
• Mail survey
• Telephonic surveys
• Face to face interviews
• Comment cards
The best method will depend on the situation, number of customers in the sample group and what
works best for the company’s customers.
Surveying continuously:
More & more organizations are moving towards continuous measurement of customer satisfaction
due to turbulent & dynamic marketing environment. Continuous measurement recognizes the on-
going importance of customer satisfaction and is not influenced by momentary events (good or
bad). This method keeps the organization completely focused on customer satisfaction & does not
allow it to be forgotten between survey waves.
The organization must develop a pre-determined set of questions which must take into account all
the requirements of the customers. The questionnaire must give an impression to the customers
that you are thorough & organized when gathering customer satisfaction information. The
presentation & packaging of the questionnaire should not be shoddy. A good appearance can
suggest evidence of organization’s high commitment to customer satisfaction management process
and vice versa.
Advantages of a good survey:
A well designed and executed customer satisfaction survey can be a great asset to any organization
due to the following reasons:
• It can pinpoint expenditure & resources which is being spent but do not help to satisfy the
customers.
• It can identify opportunities for product & service innovation.
• It can ensure that the quality improvement efforts are correctly focused on issues that are
most important to a customer.
Why customer survey’s fail:
Unfortunately, a well designed & executed survey tends to be an exception rather than the rule.
The challenge of conducting a customer survey is to minimize the total amount of error. This error
comes from two different sources.
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• Sampling errors
• Measurement errors
Types of sampling errors
These errors deal with the manner in which people are selected in a survey. They are of following
types:
• Failing to use statistical sampling methods
• Incorrect selection of profile
• Incorrect selection of number of people
• Ignoring non-responses.
Types of measurement errors
These errors are related to the content of the survey and the way in which the results are used.
These mistakes deal with:
• Drawing incorrect inferences from the responses.
• Asking non-specific questions.
• Failing to ask all the questions.
• Using incorrect or incomplete data analysis methods.
• Error in feeding the results
6. CONCLUSION
This thesis was done as customer satisfaction research for the company SOUTHCO LIMITED,
ODISHA. The purpose of this study was to measure the current satisfaction level of the customer
as well as better understand customers’ needs from company’s point of view for improving the
service level. At the same time, research also analysed the reason and factors that raise problems
of effecting satisfaction level. The research had been completed by the use of quantitative research
method approach by means of the questionnaire, and one short interview was possible to arrange
with the company owner.
According to the research, customer background information, male customers are the majority; in
the age group of 20 to 29; full time employed and more than 50% of customers are INDIAN. This
basic information will help the company to focus on specific target group and improve their
tailored service.
During the whole of research, the author has observed that word of mouth is the major marketing
communication tool for the company with customer. It can be said that, the company must have a
positive effect in customers mind thus they recommend or in other word advertise about the
company. Next, when the author took the company owner’s interview, the owner told that if a
customer wants any changes or cancellation regarding the supply, they do not charge any extra
money for that. This competitive advantage can help to attract new customer to the company.
However, as mentioned earlier now the company concentrate more on Asian and African people,
thus they should pay more attention to its brand building and service.
According to the survey result, the current service level of the SOUTHCO LIMITED is very good
and customer satisfaction level comes out positive with the overall service. However, though the
current service level seems very satisfactory to meet customer needs and demand, these areas still
need some modification and improvement to keep the service in high standard. For example, some
training and motivation to the employee can add huge advantage and benefits for success in
improving service level. Furthermore, updating information and inform to customer about new
offers and products still need some improvement. According to the respondent opinion, though
billboard of the company is one of positive ways of marketing communication, but customer feel
the company should do some paper advertisement or online marketing to keep informing
customers. Finally, unnecessary high prices need some adjustment to feel about fairness to the
customer. Thus, based on the study it can be said that though the majority of customers currently
are satisfied with the service provided by SOUTHCO, but the company still need to understand its
weakness and work hard to improve the service that can meet customers perceived service level.
In conclusion, the research has tried to put strong focus on each integral part proportionately and
gained the ability to fulfill the specific and broad objectives. The customer satisfaction and related
concepts, attributes, measurement, techniques are described, applied and disseminated in a manner
that makes it easily understandable and recommendable to solve the problem. If the decision
making authority places little attention to the recommendations that has made by research
findings, would pave the way success and satisfaction.
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SOUTHCO, an organization caring the service burden of many consumers, is recognized as the
best distribution company among the four distribution companies. The initial year of privatization
had experience turbulence, human financial crises etc. but day by day, year by year, the pattern is
not under control. The days of super cyclone too bent the head of the organization. But the war
footing steps taken by the courageous manpower, deposits, personal difficulties made the
unbelievable task to a realistic one. This was a qualitative performance of SOUTHCO, which own
the lakhs of hearts. While doing the study, one had kept in mind, always the quality as the main
factors for study the consumers and due to the goodwill of the organization.
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CHAPTER 1 INTRODUCTION
1.1 IMPORTANCE OF STUDY
1.2 OBJECTIVES OF STUDY
1.3 SOURCES OF DATA 1-17
1.4 SATISTICAL TOOLS USED TO MEASURE
1.5 SCOPE OF THE STUDY
1.6 PERIOD OF THE STUDY
1.7 LIMITATIONS OF THE STUDY
CHAPTER 2 PROFILE OF THE COMPANY
2.1 VISION OF THE COMPANY
2.2 CLASSIFICATION OF CONSUMERS
2.3 ENERGY SAVING TIPS
2.4 POWER SUPPLY CHAIN 18-27
2.5 INTRODUCTION TO POWER SECTOR AND
SEB
2.6 POWER SECTOR REFORM IN ODISHA
2.7 FORMATION OF GRIDCO
2.8 ORGANISATION UNDER STUDY: SOUTHCO
BIBLIOGRAPHY 54