Professional Documents
Culture Documents
“MARKETING STRATEGY ” AT
RELIANCE RETAIL, LTD
INDIAN ACADEMY
Degree College
Under the guidance of
Mrs. SHALINI
HEAD OF DEPARTMENT
2017–2020
TO WHOSEVER IT MAY CONCERN
During his project work in our company, we found his Character and Conduct is
Good.
I also declare that this project is the outcome of my own efforts and that it has
not been submitted to any other university or Institute for the award of any other
degree or Diploma or Certificate.
ACKNOWLEDGEMENT
I would like to express my sincere gratitude to all those who have been
instrumental in presentation of this project report.
TABLE OF CONTENT:
LIST OF TABLES:
TABLE
NO. PAGE
TITLE NO.
59
2. CUSTOMER SATISFACTION FOR
RELAINCE
61-62
3. FEATURES OF RELAINCE RETAIL
66
5. RANK OF RELAINCE ACCORDING TO
SATISFACTION LEVEL
68-69
6. TYPE OF REPORT SHARED BETWEEN
CUSTOMER AND COMPANY
75
9. MEDIA THAT IS BEST SEATED FOR THE
COMPANY
77
10. RECOMMEND OF THE RELAINCE
79
11. THE SERVICES BY RELAINCE
81-82
12. THE AREAS OF IMPROVEMENT NEEDED
IN RELAINCE
84
13. USAGE OF THE CRM APPLICATIONS
86-87
14. CRM APPLICATION PREFERENCES BY THE
CUSTOMERS
88-89
15. IMPORTANCE OF CRM TO BUSINESS
LIST OF GRAPHS:
GRAPH PAGE
NO. TITLE NO.
1. AGE GROUP 58
60
2. CUSTOMER SATISFACTION FOR
RELAINCE
63
3. FEATURES OF RELAINCE RETAIL
67
5. RANK OF RELAINCE ACCORDING TO
SATISFACTION LEVEL
70
6. TYPE OF REPORT SHARED BETWEEN
CUSTOMER AND COMPANY
72
7. ABOUT COMPANY AFTER SALES SERVICE
74
8. THE FACTOR THAT DRIVES FOR THE
PURCHASE OF THE SERVICE
76
9. MEDIA THAT IS BEST SEATED FOR THE
COMPANY
78
10. RECOMMEND OF THE RELAINCE
80
11. THE SERVICES BY RELAINCE
83
12. THE AREAS OF IMPROVEMENT NEEDED
IN RELAINCE
85
13. USAGE OF THE CRM APPLICATIONS
87
14. CRM APPLICATION PREFERENCES BY THE
CUSTOMERS
90
15. IMPORTANCE OF CRM TO BUSINESS
CHAPTER - 1
INTRODUCTION
Evolution of Marketing.
Marketing research
A systematic process for identifying marketing opportunities and solving
marketing problems, using customer insights that come out of collecting and
analyzing marketing information. The mechanics of marketing research must be
controlled so that marketers uncover the relevant facts to answer the problem at
hand. Control over this fact-finding process is the responsibility of the marketing
research director, who must correctly design the research and carefully supervise
its execution, to ensure it yields the customer insights the organization needs.
Understanding Marketing
Marketing as a discipline involves all the actions a company undertakes to draw
in customers and maintain relationships with them. Networking with potential or
past clients is part of the work too, and may include writing thank you emails,
playing golf with prospective clients, returning calls and emails quickly, and
meeting with clients for coffee or a meal.
1. Marketing Environment.
KEY TAKEAWAYS
● Marketing refers to all activities a company does to promote and sell
products or services to consumers.
● Marketing makes use of the "marketing mix," also known as the four Ps—
product, price, place, and promotion.
● At its core, marketing seeks to take a product or service, identify its ideal
customers, and draw the customers' attention to the product or service
available.
Four Ps of marketing
. The Four Ps collectively make up the essential mix a company needs to market
a product or service. Neil Borden popularized the idea of the marketing mix and
the concept of the Four Ps in the 1950s.
Product
Product refers to an item or items the business plans to offer to customers. The
product should seek to fulfill an absence in the market, or fulfill consumer
demand for a greater amount of a product already available. Before they can
prepare an appropriate campaign, marketers need to understand what product is
being sold, how it stands out from its competitors, whether the product can also
be paired with a secondary product or product line, and whether there are
substitute products in the market.
Price
Price refers to how much the company will sell the product for. When
establishing a price, companies must consider the unit cost price, marketing costs,
and distribution expenses. Companies must also consider the price of competing
products in the marketplace and whether their proposed price point is sufficient
to represent a reasonable alternative for consumers.
Place
Place refers to the distribution of the product. Key considerations include whether
the company will sell the product through a physical storefront, online, or through
both distribution channels. When it's sold in a storefront, what kind of physical
product placement does it get? When it's sold online, what kind of digital product
placement does it get?
Promotion
Promotion, the fourth P, is the integrated marketing communications campaign.
Promotion includes a variety of activities such as advertising, selling, sales
promotions, public relations, direct marketing, sponsorship, and guerrilla
marketing.
MARKETING STRATEGY
Marketing concept
Under marketing concept the task of marketing begins with finding what the
consumer want and produce a product which will meet the consumer requirement
and provides maximum satisfaction. “Customer is the King” concept emerged
from this point of view. In the process of evolution many organizations changed
their way of thinking to match the marketing concept. Under this concept
producers considers the needs and wants of consumers as the guiding spirit and
deliver such goods which can satisfy the consumer needs more efficiently and
effectively than the competitors. Marketing concept is consumer oriented and
look forward to achieve long term profits by making a network of satisfied
consumers. When an organization practice the marketing concept, all their
activities such as research and development, distribution, quality control,
finance, manufacturing, selling etc., are focused to satisfy the consumer needs
and wants
● Production Concept,
● Product Concept,
● Selling Concept,
● Marketing Concept,
The area of marketing planning involves forging a plan for a firm's marketing
activities. A marketing plan can also pertain to a specific product, as well as to an
organization's overall marketing strategy. An organization's marketing planning
process is derived from its overall business strategy. Thus, when top management
are devising the firm's strategic direction/mission, the intended marketing
activities are incorporated into this plan.
Types of strategies
● Innovation strategies - This deals with the firm's rate of the new
product development and business model innovation. It asks whether the
company is on the cutting edge of technology and business innovation.
There are three types:
o Pioneers
o Close followers
o Late followers
● Growth strategies - In this scheme we ask the question, “How should
the firm grow?”There are a number of different ways of answering that
question, but the most common gives four answers:
o Horizontal integration
Reliance Retail Retail started its journey in 2006 with the opening of its first
Reliance Retail store. Today Reliance Retail operates 621 Reliance Retail and
Reliance Smart stores and sells over 200 metric tonnes of Fruits and over 300
metric tonnes of Vegetables every day.
From fresh fruits & vegetables to dairy, cereals to spices, processed food &
beverages to home & personal care products, we have the entire gamut of your
grocery needs covered.
Across our stores, we retain a strong customer centric approach to meet all your
shopping needs - be it routine or seasonal, well known brands or popular local
products.
Reliance Retail reported a turnover of Rs. 1,30,566 crore for the financial year
2018-19. As on 30th Sep 2019, Reliance Retail operates 10,901 stores across
6,700+ cities with a retail area of over 24.5 million sft.
‘Items at a Glance’ timetable, I have always used these on booking and have never
had a problem, write the abbreviation in which you want to purchase, next to the
word on the purchase form.
services . Yet the marketing literature has not investigated several key
components of service strategy, particularly in the international domain.
-Accept coupons
– Competitive prices.
-comparable cost.
Retailing in India is one of the pillars of its economy and accounts for 14 to 15
percent of its GDP. The Indian retail market is estimated to
be US$450 billion and one of the top five retail markets in the world by economic
value. India is one of the fastest growing retail markets in the world, with 1.2
billion people.
India's retailing industry is essentially owner manned small shops. In 2010, larger
format convenience stores and supermarkets accounted for about 4 percent of the
industry, and these were present only in large urban centers. India's retail and
logistics industry employs about 40 million Indians (3.3% of Indian population).
Until 2011, Indian central government denied foreign direct investment (FDI) in
multi-brand retail, forbidding foreign groups from any ownership in
supermarkets, convenience stores or any retail outlets. Even single-brand retail
was limited to 51% ownership and a bureaucratic process.
In November 2011, India's central government announced retail reforms for both
multi-brand stores and single-brand stores. These market reforms paved the way
for retail innovation and competition with multi-brand retailers such as Wal-
Mart, Carrefour and Tesco, as well single brand majors such as IKEA, Nike,
and Apple. The announcement sparked intense activism, both in opposition and
in support of the reforms. In December 2011, under pressure from the opposition,
Indian government placed the retail reforms on hold till it reaches a consensus.
In January 2012, India approved reforms for single-brand stores welcoming
anyone in the world to innovate in Indian retail market with 100% ownership, but
imposed the requirement that the single brand retailer source 30 percent of its
goods from India. Indian government continues the hold on retail reforms for
multi-brand stores. June 2012, IKEA announced it has applied for permission to
invest $1.9 billion in India and set up 25 retail stores. Fitch believes that the 30
percent requirement is likely to significantly delay if not prevent most single
brand majors from Europe, USA and Japan from opening stores and creating
associated jobs in India.
On 14 September 2012, the government of India announced the opening of FDI
in multi brand retail, subject to approvals by individual states.This decision has
been welcomed by economists and the markets, however has caused a massive
upheaval in India's delicate governance structure.
This graph shows the growth of retail industry in India starting from 2006- 2016.
When Reliance came into the organized retail there was very few corporate
backed retail giants Like BATA. After 2006 when Reliance came into this sector
other players also came into existence eg:- Big Bazar, vishal mega-mart,
subhiksha Contribution of retail industry in Indian GDP is 28% approx.
Spread across 165,000 square feet of shopping area, Reliance Retail will provide
the shoppers a never-before-experienced shopping delight. The hypermarket will
carry a range of over 95,000 products catering to the entire family. Shoppers will
have the option to choose from a wide array of products in every category ranging
from fresh produce, food & grocery, home care products, apparel and accessories,
non-food FMCG products, consumer durables and IT, automotive accessories,
lifestyle products, footwear and much more.
“The launch of Reliance Retail is yet another step by Reliance Retail towards
providing international shopping experience to all our customers at unmatched
affordability, guaranteed quality and choice of products and services. Reliance
Mart marks the achievement of another milestone in our effort to unleash a retail
revolution in India.” ShriAmbani added.
Reliance Retail offers some unique services to the shoppers like tailoring, shoe
repair, watch repair, a photo shop, gift services and laundry services, all within
the store. The store also houses its own fresh bakery, serving “hot, off-the-oven”
bread and bread products throughout the day and local savories, an ice-cream
train for the kids, a chakki, ready-made batter and loose tea and pickle for the
housewives. Reliance will also sell fine jewelry and fashion jewelry as part of
its lifestyle section.
Reliance Retail will also house a health and wellness store providing
pharmaceutical drugs and other wellness products. For the shopper’s
convenience, the store has a cafeteria providing quality food and beverages for
ready consumption, an ATM machine and a consumer service/membership desk
to provide the customer a truly international shopping experience.
Reliance Retail, with 61 check-out counters has for the first time in India
introduced the Mobile POS system for faster check outs. This is aimed at reducing
customer wait-time. The store planning, atmospherics and layout has been
designed specifically to provide “a complete solution” to the customer. Reliance
will remain open from 10:00 a.m. to 10:00 p.m., seven days a week. The store
has over 400 highly skilled and trained customer sales representatives. will
continue to offer all its customers Reliance One, a common membership and
loyalty program across all its formats, which follows the philosophy of ‘Earn
Anywhere, Spend Anywhere’. Reliance will also provide easy and attractive
finance options, including 0% financing for your purchases on select
Service
It offers some unique services to the shoppers like tailoring, shoe repair, watch
repair, a photo shop, gifting services and laundry services all within the store
under one roof and also it has its own bakery shop.
Reliance Mart will also provide easy and attractive finance options, including
zero per cent financing for the purchases on select products. Reliance will
continue to offer all its customers Reliance One, a common membership and
loyalty programme across all its formats, which follows the philosophy of 'Earn
Anywhere, Spend Anywhere'.
Future-Plans
The next two hypermarkets are to be opened in Jamnagar in Gujarat and in the
NCR by next month with plans to open 30 such marts by the year. Raghu Pillai,
President and CEO (operations and strategy), Reliance Industries Limited (RIL)
said the company is planning to set up 500 hypermarkets across 784 towns by
2010.
Strategy
The hypermarket would be selling the products on EDLP (every day low price)
basis at prices 15-20 percent lower than market prices.
In order to grow faster and better in local markets with higher margins, it has
focused largely on local brands instead of national brands or private labels. Local
brands include IndubenKhakrawala’sNamkeens, LijjatPapad, WaghBakri and
Madhur (spices brand). This is in addition to 100 private labels that Reliance
plans to display. Company’s Sources says that the share of regional brands in the
hyper marts would be over 10%.
Strengths
Keeping local brands at the outlets is more profitable and also makes the supply
chain more efficient. Being a bulk purchaser, Reliance Mart can offer products
at very low prices. Also taking into consideration the local brands, the products
at the outlets would be easily acceptable by the customers. And there would be
comparatively less efforts needed by the marketer to explain the product to the
consumers.
Weaknesses
In some cases, few regional brands strongly liked by the consumers offer lower
margins than that offered by the national brands. It has to face a tough competition
by big shopping malls i.e. Big Bazaar, Spencer Hyper, Vishal Mega Mart and the
upcoming Wall Mart.
Because of having very powerful brand image Reliance mart don’t invest on
digital media promotion. They use on print media only for make customer aware
about their offers & loyalty programs. They distribute broachers at the entry of
the store and sometimes in markets.
FOOD FRESH
CHAPTER-2
RESEARCH DESIGN
Project Title:
“A Study on Marketing Strategy Towards Reliance Retail
Research design:-
to their business contexts. Firms look for ways to make accountable all
marketing
relationship strategy. We propose the concept of Customer Relationship
Marketing that
refers to the integration of literature on CRM (customer relationship
marketing),
Marketing Intelligence and Customer Accountability (i.e. planning and
control
activities oriented towards delivering customer
value).
This project gave us great exposure to the customer’s perception to the marketing
strategies adopted by the Reliance mart. Because it includes the service offered
by them. The study also identifies the attitudes and preference of the consumers.
The study also focused on Media through which the product reaches the
consumers this project helped us in knowing the market practically.
NEED OF CRM
❖ customer
separately.
❖ A CRM system is not only used to deal with the existing
customers but is
❖ also useful in acquiring new customers. The process first
starts with
❖ identifying a customer and maintaining all the corresponding
details into the
❖ CRM system which is also called an ‘Opportunity of
Business’. The Sales
❖ and Field representatives then try getting business out of these
customers by
❖ sophistically following up with them and converting them into
a winning
❖ deal. All this is very easily and efficiently done by an
integrated CRM
The purpose of this section is to describe the methodology carried out to complete
the work. The methodology plays a dominant role in any research work. The
effectiveness of any research work depends upon the correctness and
effectiveness of the research methodology.
This section deals with research design used, data collection, methods used and
sampling methods used.
RESEARCH INSTRUMENTS
• Percentage method has been used to analyze the effect of brands on respondents.
• Bar, pie diagrams had been used for better presentation and better understanding
data.
interpretation easy.
Although it would have been nice to conduct a perfect research study, but this
study is conducted under certain limitations, which were faced while doing this
research. So it is highly recommended to consider these limitations while going
through the project study.
The respondents did not reply the question with precision as they were busy
with their own work or they were not interested in taking part in such a
research. Employees sometimes feel hesitated while telling about their
view about their marketing strategies.
The research has been conducted for the Reliance mart(Maru Tower,
Kanke Road) but not all their retail outlet have been covered therefore it
has been mentioned that the research has been conducted in a limited area.
CHAPTER SCHEME
1. Chapter : Introduction
This part includes the introduction, industry profile and the theoretical part
of the study.
5. Chapter: SUMMARY OF
FINDINGS
This part includes the collection of
findings.
COSLUSION
7. ANNEXURE
8. BIBLIOGRAPHY
CHAPTER:3
COMPANY PROFILE
COMPANY PROFILE
PROFILE OF RELIANCE FRESH
DATE OF ESTABLISHMENT 14th Aug. 2007
REVENUE RS.2500-5000crores
MARKET CAPITAL US $27.4 billion
HEAD QUARTER BTM LAYOUT Road,INDIRANAGAR ,
BANGALORE-45
BRANCHES Over a 100 stores across India
COMPANY TYPE HYPERMARKET
MANAGEMENT TEAM Mukesh D. Ambani - Chairman
& Managing Director
Nikhil R. Meswani - Executive Director
Hital R. Meswani - Executive Director
H.S.Kohli - Executive Director
Ramniklal H. Ambani
Mansingh L. Bhakta
Yogendra P. Trivedi
Dr. D. V. Kapur
M. P. Modi
S. Venkitaramanan
Prof. Ashok Misra
Prof.Dipak C Jain
Dr.RaghunathAnantMashelkar
OVERVIEW Reliance Retail Limited (RRL), a subsidiary
of Reliance Industries Limited under
MukeshAmbani, is Reliance Group’s foray
into organized retail. RRL is based on the
growth strategy of backward integration, and
it generates inclusive growth and prosperity
for farmers, vendor partners, small
shopkeepers and consumers.
RLL is the second largest retailer in India. Its
retail outlets offer foods, groceries, apparel
“The launch of Reliance fresh is yet another step by Reliance Retail towards
providing international shopping experience to all our customers at unmatched
affordability, guaranteed quality and choice of products and services. Reliance
fresh marks the achievement of another milestone in our effort to unleash a retail
revolution in India.” Shri Ambani added.
Reliance fresh offers some unique services to the shoppers like tailoring, shoe
repair, watch repair, a photo shop, gift services and laundry services, all within
the store. The store also houses its own fresh bakery, serving “hot, off-the-oven”
bread and bread products throughout the day and local savories, an ice-cream
train for the kids,After the successful launch of the supermarket format ”Reliance
Retail” and the consumer electronics concept mega store “Reliance Digital”, the
hypermarket is the third retail format launched by Reliance Retail.
Spread across 165,000 square feet of shopping area, Reliance fresh will provide
the shoppers a never-before-experienced shopping delight. The hypermarket will
carry a range of over 95,000 products catering to the entire family. Shoppers will
have the option to choose from a wide array of products in every category ranging
from fresh produce, food & grocery, home care products, apparel and accessories,
non-food FMCG products, consumer durables and IT, automotive accessories,
lifestyle products, footwear and much more.
Service/Offered
It offers some unique services to the shoppers like tailoring, shoe repair, watch
repair, a photo shop, gifting services and laundry services all within the store
under one roof and also it has its own bakery shop.
Reliance Retail will also provide easy and attractive finance options, including
zero per cent financing for the purchases on select products. Reliance Retail will
continue to offer all its customers Reliance One, a common membership and
loyalty programme across all its formats, which follows the philosophy of 'Earn
Anywhere, Spend Anywhere'.
TYPE
Its retail outlets offer foods, groceries, apparel and footwear, lifestyle and home
improvement products, electronic goods, and farm implements and inputs.
Nature
Reliance Retail is involved in the business of Retail Outlets market its
products under the brand name of Reliance Retail it generates inclusive
growth and prosperity for farmers, vendor partners, small shopkeepers
and consumers . RLL is the second largest retailer in India.
BOARD OF DIRECTORS
ORGANISATION CHART
BUSINESS OPERATIONS
Reliance Retail is the retail initiative of the group and is central to our consumer
facing businesses. It has in a short time forged strong and enduring bonds with
millions of consumers by providing them unlimited choice, outstanding value
proposition, superior quality and unmatched experience across all its stores.
2006
2007
2008
Reliance Retail opens its first fashion & lifestyle store under Reliance
Trends and Reliance Footprint brands
2010
2011
2014
2015
2016
2017
2018
2019
Reliance Retail makes its first international foray with 100% acquisition of
marquee British Toy retailer Hamleys.
PRODUCT PROFILE
Zeppelin : Mens Shirts & Trousers Fizzy Babe Ladies & Kids
: Girls
Kitaan Mens Shirts & Trousers Jasmine : Ladies & Kids Girls
Studio :
Blues & Mens Trousers Zero Kids Boys
Khakis : Degree :
Paranoia : Mens Shirts & T-Shirts Soil : Mens Shirts
Chlorine : Mens Shirts Massa Bay Mens Trousers
: &Bermudas
HOME FURNISHING
FOOTWEAR
BOYS GIRLS
Shoes Slippers
Sandals Sandals
LADIES MENS
Shoes Shoes
Slippers Slippers
MENS
Upper Lower
Shirt Casual Jeans(MP)
Shirt Formal Cotton Trouser(MPC)
Ethnic & Sports Winter Wear
Night Suits Suit(WMC)
T-Shirts Blazer(WMB)
Dupatta Windcheater(WMW)
Sherwani Jacket
LADIES ACCESSORIES
Upper Lower
Kurta Pants Jeans
Skirt Top Capri
Ethnic Winter Wear
Nighty Jackets
Lancha Stawl
Sharara Blazer
Salwar Suit Track Suit
INFANTS
Garments Accessories
Hot Pant Bed Sheet
Frock Under Garments
Baba Suit Socks
KIDS BOYS
LIFESTYLE
FOOD MART
MARKET SHARE
According to international
standards, a retail store is nominated
as organized only when it features
more than 10 employees. The above
chart clearly portrays the miserable
condition of India's organized retail
A forecast of 40% annual growth in the organized retail sector seems sound. The
number of shopping malls in India has grown from 1 in 2001 to 100 in 2005 but
still more effort is needed to turn the predictions into reality.
Studies have further showed that non-urban areas account for only about 15% of
organized retailing So it is high time that the retail industries pay importance to
diversification and reach out to non-urban markets. If they remain confined to the
metropolis then they will soon hit a ceiling and will be able to grow no more. But
at the same time they must realize that the rustic people are sceptic about the
urbane lifestyle habits. The mega retail players will have to drop their policy of
full extraction of consumer surplus and will have to employ the local people to
overcome the myth that entry of a branded retail will displace the millions of
traders, shopkeepers and hawkers.
Protests must be welcomed and meetings encouraged makinglife easier.
Retail markets in Germany, South Africa and many other countries allow 100%
foreign investment in retail. This has helped in setting up of cash and in creating
wholesale markets. However, in India, only 51% FDI is allowed in single-brand
retail and that too with prior approval. In case of multi-brand retail, FDI is
completely prohibited. This is a perfect beginning but foreign investment should
be gradually liberalized to modernize farming and help farmers scale up.
Moreover, restricting FDI for protecting mom-and-pop stores seems unjustifiable
since Tata, Reliance and Bharti have already made a foray in the sector.
The top 10 competitors in Reliance Retail Direct's competitive set are Bigbasket,
Grofers, Go4fresh, PepperTap, Nature's Basket, Tokri, GrocerKey, DMart,
Milkbasket and Kingbasket.
New Delhi: Reliance Retail posted a 67% jump in operating profit to Rs 2,322
crore for the fiscal second quarter, when its revenue rose 27% to Rs 41,202 crore.
... “Continuing growth trends in our retail business is heartening,” Reliance
Industries chairman Mukesh Ambani said, The revenue for the quarter surpassed
the milestone of Rs 40,000 crore. To put the scale in perspective, this is higher
than the annual revenue registered by the next largest retailer in the country,” a
company statement said. Reliance ’s closest rival, Future Group, has around Rs
35,000 crore .During the second quarter, Reliance Retail added 337 stores, taking
the total number of outlets to 10,901, spread over 24.5 million sq ft in nearly
6,700 towns and cities.In the quarter, Trends Small Town crossed 100 stores.
New Delhi: Reliance Retail posted a 67% jump in operating profit to Rs 2,322
crore for the fiscal second quarter, when its revenue rose 27% to Rs 41,202 crore.
Future/Plans
The next two hypermarkets are to be opened in Jamnagar in Gujarat and in the
NCR by next month with plans to open 30 such marts by the year. Raghu Pillai,
President and CEO (operations and strategy), Reliance Industries Limited (RIL)
said the company is planning to set up 500 hypermarkets across 784 towns by
2010.
1. Over or under-pricing their work can mean a very short future for any
business. Approximately 60% customers think that Price is the most
important factor while they go for shopping in a retail stores
2. Quality in everyday life and business, engineering and manufacturing has
a pragmatic interpretation as the non-inferiority, superiority or usefulness
of something. This is the most common interpretation of the term. The
quality of a product or service refers to the perception of the degree to
which the product or service meets the customer's expectations. Quality
has no specific meaning unless related to a specific function and/or object.
Quality is a perceptual, conditional and somewhat subjective attribute. And
in addition to that, more than 90% of customers place quality as the most
important factor than anything else in the list to shop in a retail store.
CHAPTER 4
DATA ANALYSIS AND INTERPRETATION
prefer Subhiksha and RCM preference is only 4%. However, to reach those that
are
unfamiliar or that have had a poor prior radio experience, education might be in
order.
Gender
60
50
40
30
20
10 Gender
0
Male Female
Gender
INTERPRETATION:
From the above chart maximum number of females at 56% are active
consumers of Reliance and 44% male consumers.
1 15-20 YEARS 8 16
2 21-25 YEARS 21 42
3 26-30 YEARS 15 30
4 31+ YEARS 6 12
TOTAL 50 100
ANALYSIS:
From the above table 15-20 years of age group has 8 Lakh
responses, 21-25 years of age group have 21 Lakh responses, 26-
30 years of age group has 15 and 31+ has 6 Lakh responds.
AGE GROUP
45
40
35
30
25
20
15
10
0
15-20 21-25 26-30 31+
AGE GROUP
INTERPRETATION:
From the above chart the age group of 21-25 years has the highest number
of responses and at the lowest 31+ years of age group.
Table No 03
2 Satisfied 12 24
3 Neutral 5 10
4 Dissatisfied 5 10
5 Highly 3 6
dissatisfied
Total 50 100
Analysis:
According to this table the 50% customer of the dealers are Highly Satisfied, 24%
are satisfied from servicing or after sales servicing, 10% is the percentage of those
customers who are in the neutral and 10% of the respondents are dissatisfied and
6% are highly dissatisfied.
CHART NO 3
50
50
45
40
35
30
24
25
20
15
10 10
10
6
Interpretation:
From the above chart 50% of the respondents are highly satisfied and 6%
are highly dissatisfied.
TABLE NO 4
1 Price 23 46
2 Quality 10 20
3 Service 14 28
4 Others 3 6
Total 50 100
ANALYSIS:
According to this table 46% of the respondents have given opinions for Price
and 20% of the respondents have given opinions for quality, 28% of the
respondents have given opinions for service and 6% of the respondents have
given the opinions for others.
FEATURES OF RELIANCE
CHART NO 4
50
45
40
35
30
25
46
20
15 28
20
10
5
6
Interpretation:
From the above chart 46% of the respondents have given the opinions for
Price and 6% have given the opinions for others.
TABLE NO 5
1 Excellent 12 24
2 Very good 25 50
3 Good 12 24
4 Poor 1 2
Total 50 100
ANALYSIS:
The above analysis shows that there are 24% customers that are highly
satisfied from the performance of company, there is 50% response in very
good and 24% response for good, also there is 2% response of poor
performance of company.
CHART NO 5
2%
24%
24%
50%
INTERPRETATION:
TABLE NO 6
2 2 14 28
3 3 10 20
4 4 6 12
5 5 4 8
TOTAL 50 100
ANALYSIS:
The table shows the rank for the customer satisfaction level 1st is highest
with 32% and the 2nd rank is 28% and 3rd rank with 20% 4th rank with 12%
and the lowest rank 5th with 8%.
CHART NO 6
16
16
14
14
12
10
10
6
6
4
4
0
1 2 3 4 5
INTERPRETATION:
TABLE NO 7
1 Excellent 12 25
2 Very good 25 50
3 Good 10 20
4 Poor 3 5
TTOTAL 50 100
ANALYSIS:
The table shows that there is 25% opinion for the excellent and 50%
response for good, 20% for good and also there is 5% opinion for poor
relationship with the Company.
CHART NO 7
25
25
20
15
12
10
10
5
3
0
Excellent Very good Good Poor
INTERPRETATION:
There should be good relation between customer and Company because it
helps to increase the sales of company and also helpful for making the
customer relationship management.
TABLE NO 8
1 Excellent 12 24
2 Very Good 25 50
3 Good 8 16
4 Poor 5 10
TOTAL 50 100
ANALYSIS:
The table shows that there is 24% customer response for excellent services
of company and 50% for very good, 16% for good and 10% responded for
poor services of the company.
CHART NO 8
10%
16% 24%
Excellent
Very good
Good
50% Poor
INTERPRETATION:
It is important to know the after sales services of the company it shows the
customers satisfaction and also shows the customer relationship
management.
1 Safety 17 34
2 Benefits 12 24
3 Comfort 11 22
4 Brand 10 20
Total 50 100
ANALYSIS:
The safety of the services is higher at 34% and the benefit is 24%, the
comfort is up to 22%, and the brand is only 20%.
CHART 9
35
30
25
20
15
10
0
Safety Benefits Comfort Brand
INTERPRETATION:
From the above chart it is found 34% are giving more importance to safety,
and 24% are giving for benefits, and 22% are giving for comfort, and 20%
are giving for the brand. The majority of the customers are giving more
importance to safety.
1 News papers 12 34
2 T. V 13 26
3 Hoardings 11 22
4 Events 9 18
TOTAL 50 100
ANALYSIS:
From the above table the media as 34% newspapers, 26% T.V, 22% of the
respondents
Hoardings and 18% of the respondent’s events.
18%
34%
News papers
22% T.V
Hoardings
26% Events
INTERPRETATION:
Out of 50 people who participated in survey it is found 34 are known about
the COMPANY by newspapers.26 are known by T.V. and 28 are known
by hoardings and 18 are known by events.
RECOMMEND OF THE
RELIANCE TABLE NO 11
1. 19 38
Very likely
2. Somewhat likely 10 20
4. Somewhat 7 14
unlikely
5. Very unlikely 5 10
TOTAL 50 100
Analysis:
From the above table the recommend of RELIANCE are as 38%, 20%
somewhat likely, 18% of the respondents neither likely nor unlikely and
14% of the respondents are somewhat unlikely and 10% are very unlikely.
20
18
16
14
12
10
19
6
10
9
4
7
5
2
0
1 2 3 4 5 6 7 8 9 10
INTERPRETATION:
From the above chart the recommendations of RELIANCE are 38% that
are very likely and 10% very unlikely.
THE SERVICES BY RELIANCE TABLE NO 12
4 6 12%
I don’t use
TOTAL 50 100%
ANALYSIS:
From the above table the services given by the company 36% of the
respondents says that once a month, 30% of the respondent’s state that the
services are provided 2-5 in a month. 22% of the respondents says that
once in 2-3 months, and 12% of the respondents say they do need the
service.
CHART NO 12
12%
36%
once a month
22% 2-5 times a month
once in 2-3 months
I don’t use
30%
INTERPRETATION:
From the above chart the service taken by the customers the highest
services are 36% Once in a month and 12% of the respondent’s state that
they do use the services provided to them.
TABLE NO 13
1 Service 25 50%
2 Behavior of 13 26%
salesmen
4 Others 3 6%
TOTAL 50 100%
ANALYSIS:
From the above table the areas of improvements that is needed at
RELIANCE are 50% in the service area and 6% in other area.
CHART NO 13
25
25
20
15
13
10 9
5
3
0
Service Behavior Others
of Customers
salesmen care
INTERPRETATION:
From the above chart the area that is to be improved is that the respondents
are happy with the services with 50% and 6% on others.
TABLE NO 14
1 Extremely often 25 50
2 Very often 15 30
3 Moderately often 10 20
4 Slightly often 0 0
Total 50 100
ANALYSIS:
From the above table 50% of the respondents use it extremely often, 30%
of the respondents use it very often and 20% of the respondents use it
moderately often.
CHART NO 14
0%
20%
EXTREMELY OFTEN
VERY OFTEN
50%
MODERATELY OFTEN
SLIGHTLY OFTEN
30%
INTERPRETATION:
From the above chart the usage of the CRM applications 50% of the
respondents use it extremely often and 10% for slightly often.
TABLE NO 15
1 Yes 26 62
2 No 4 8
Total 50 100
ANALYSIS:
From the above table the CRM application is updated and used by 92%
customers and 8% of the respondents say that they are outdated.
yes no
100
92
90
80
70
60
50
40
30
20
10 8
0
1
INTERPRETATION:
From the above chart the CRM application preferences by the customers
are used by highest number of the respondent and 8% of them state it as
outdated.
TABLE NO 16
1 Extremely 24 48
important
2 Very important 13 26
3 Moderately 9 18
important
4 Slightly important 3 6
5 Not important at 1 2
all
50 100
Total
Analysis
From the above table 48% of the respondent say that it is extremely
important, 26% state it is very important, 18% of the responses state it as
moderately important, 6% of them say that it is slightly important and 2%
of the respondents say that it is not important.
50 48
45
40
35
30
26
25
20 18
15
10
6
5
2
0
EXTREMELY VERY important MODERATELY SLIGHTLY not important at
Important important important all
INTERPRETATION:
From the above chart the CRM application importance is been taken as the
extremely important by more number of respondents and it is not
important at all for few respondents.
CHAPTER 5
SUMMARY OF FINDING
FINDINGS
1. The choice of a store location has a profound effect on the entire business
life of a retail operation. A bad choice may all but guarantee failure, a good
choice, and success.
2. Choosing a retail location is, at best, a risky undertaking. Considering the
consequences of choosing a location that proves to be unsuitable, it pays to
get as much assistance as possible. According to a survey more than 60%
of the customer prefers to shop in a retail store which is easily accessible
to them.
3. Advertising plays a very important role in achieving growth for any retail
company. This is evident from the fact that Advertising by Retail Industry
registered a rise of 14 percent during January - May 2009 over January -
May 2008.
4. The right location, trained manpower, software assistance, product with a
distinct differentiation, a strong value proposition, efficient supply chain
management - these are the factors that influence the success of a retail
outlet. With competition in this segment increasing, differentiation and a
strong value proposition assume significance. Retail chains are realizing
that they cannot be another ‘me-too’ store. The differentiation today among
the 5-6 retail chains has come through private labels, which in some cases
account for as much as 70 per cent of the total merchandise in the outlet.
5. Variety offered by any retail store is of very much important to attract all
type of customers in the stores. A large variety of products caters to each
segment of customers.
6. Shopping experience within a store also has a great impact on selecting a
product from a particular retail store. Overall ambience includes
infrastructure facilities provided by the store such as air conditioners.
1. Over or under-pricing their work can mean a very short future for any
business. Approximately 60% customers think that Price is the most
important factor while they go for shopping in a retail stores
2. Quality in everyday life and business, engineering and manufacturing has
a pragmatic interpretation as the non-inferiority, superiority or usefulness
of something. This is the most common interpretation of the term. The
quality of a product or service refers to the perception of the degree to
which the product or service meets the customer's expectations. Quality
has no specific meaning unless related to a specific function and/or object.
Quality is a perceptual, conditional and somewhat subjective attribute. And
in addition to that, more than 90% of customers place quality as the most
important factor than anything else in the list to shop in a retail store.
3. More than 70% of customers place variety as an important factor to shop
in a particular retail store.
4. Brands name bears an important role while shopping of any type of goods.
So building a brand for a retail store is important as 80% of customer still
prefer to buy branded clothes in the retail store instead of unbranded cloths.
CHAPTER 6
SUGGESTION AND CONCLUSION
CONCLUSION
Given the developments and prospects, the Indian retail sector is in its nascent
stage of evolution. While there are obstacles, there are clear opportunities in
modern retailing in India. There are many lessons that India can take from other
countries, which have moved along the path of retail evolution. The retail sector
has proved to be of immense significant from macro-economic point of view.
What is to be seen is how organized retail can duplicate the same level of
personalized customer service levels offered by the unorganized sector to have a
higher conversion ratio.
The target audience for both the organized and unorganized retail formats remains
relatively the same. When shopping in malls, people value the experience related
to the trip the most and return most frequently for the same. Besides, while
enjoying the experience they seem to buy high ticket and items of conspicuous
consumption most frequently.
SUGGESTIONS
1. Include more trained sales person to help customers in the store while
shopping.
2. Improve quality of the products especially clothes.
3. Play good songs or soothing music in the store rather than cheap filmy
songs.
4. Customer care service can be introduced
5. More branded products can be displayed in the store as people still prefer
branded clothes than offered by local vendors.
6. Constant reminder of discounts through pamphlets, speakers inside the
store for inducing consumers for impulse buying.
7. Add more cosmetic products as its having a huge market of consumers
attached to it.
8. Display of product should be improved so that the product is easily visible
to the consumers.
9. Proper advertisement in press and outdoor to make Vishal Mega Mart
should be visible in the eyes of consumers.
10.Should have parking spaces in front of every store.
11.Hire more salesgirls as in ladies section its very difficult for both the
consumers and salesman to interact with each other.
12.Regular training to sales person to improve there overall performance.
ANNEXURE
Questionnaires
Name:
Occupation:
Contact No:
Address:
a. Male
b. Female
2) Age group?
a. Satisfied
b. Dissatisfied
c. No comments
d. Highly satisfied
a. Price
b. Quality
c. Service
d. Others
a. Excellent
b. Good
c. Very good
d. Poor
6) What rank will you give to RELIANCE as for the satisfaction level?
a. 1
b. 2
c. 3
d. 4
e. 5
a. Excellent
b. Good
c. Very good
d. Poor
9) What is the factor that drives you for the purchase of the Service?
a. Safety
b. Benefits
c. Comforts
d. Brand
10) Which of the following media in your view is the best seated for the
Company?
a. News papers
b. T.V
c. Hoardings
d. Events
11) How likely are you to recommend our company to a friend or colleague?
a. very likely
b. Somewhat Likely
c. Neither likely nor unlikely
d. Somewhat unlikely
e. Very unlikely
a. Once a month
2-5 times in a month
Once in 2-3 months
I don’t use
13) According to you what are the areas of improvement needed in RELIANCE?
a. Service
b. Behavior of salesmen
c. Customers care
d. Others…
14) How often do you use the data collected by the CRM applications?
a. Extremely often
b. Very often
c. Moderately often
d. Slightly often
15) Do you think the data that is collected by the CRM applications around your
customers’ preferences is outdated?
a. YES
b. NO
a. Extremely important
b. Very important
c. Moderately important
BIBLIOGRAPHY
BIBLIOGRAPHY
1. www.Reliance mart.com
2. www.ril.com>bussiness
3. en.wikipedia.org/wiki/Reliance _Fresh
4. en.wikipedia.org/wiki/File:Reliance _Mart
5. www.scribd.com/.../marketing-strategies-adopted-by-Reliance -mart-vi...
6. www.thehindubusinessline.com/news/states/article3847767.ece
7. www.customercareinfo.in/Reliance -retail
8. Reliance world.in/
9. www.offersincities.com/product.php?id_product=79
10.www.Reliance digital.in/returnpolicy.html
REFERENCES
1. The Hindu
2. Times of India
3. Economic Times
4. Reliance Retail Bahubazar
5. Reliance Retail Plaza
6. Reliance Mart Kanke
7. Reliance Footprint Upper Bazar