Professional Documents
Culture Documents
Batch of (2019-21)
CERTIFICATE OF ORIGINALITY
(Student's Signature)
Date: ________________
This is to certify that VICKY KUMAR has undertaken this project report
work entitled “TO STUDY CUSTOMER RELATIONSHIP
MANAGEMENT IN RETAIL SECTOR (BIG BAZAAR)
” for the partial fulfillment of the award of Master of Business
Administration degree from LIMT. As per best of my knowledge this project
report work is an original piece of work and has
Not been submitted or published elsewhere.
I wish to VICKY KUMAR all the best for his/her bright future ahead.
(Assistant Professor)
ACKNOWLEDGEMENT
This project is the outcome of sincere efforts, hard work and constant guidance
of not only me but a number of individuals. First and foremost, I would like to
thank LLOYD INSTITUTE OF MANAGEMENT AND TECHNOLOGY,
GREATER NOIDA for giving me the platform to work with such a prestigious
company in the marketing sector sector. I am thankful to my faculty guide for
providing me help and support throughout the Project Report period.
I owe a debt of gratitude to my faculty guide who not only gave me valuable
inputs about the industry but was a continuous source of inspiration during these
months, without whom this
Project was never such a great success.
Last but not the least I would like to thank all my Faculty members, friends and
family members who have helped me directly or indirectly in the completion of
the project.
VICKY KUMAR
(190172070024
INDEX
CONTENTS
1. INTRODUCTION
2. COMPANY PROFILE
3. MARKETING MIX
5. SWOT ANALYSIS
6. RESEARCH METHODOLOGY
7. DATA ANALYSIS
9. CONCLUSION
10. RECOMMENDATIONS
11. BIBLIOGRAPHY
The major retail players are Pantaloon Retail, Shoppers Stop, Reliance, etc.
Retailing is one of the biggest sectors and it is witnessing revolution in India.
The new entrant in retailing in India signifies the beginning of retail revolution.
India's retail market is expected to grow tremendously in next few years.
According to AT Kearney, The Windows of Opportunity shows that Retailing
in India was at opening stage in 1995 and now it is in peaking stage in 2008.
India's retail market is expected to grow tremendously in next few years. India
shows US$330 billion retail market that is expected to grow 10% a year, with
modern retailing just beginning. India ranks first in 2005.
2015 SECTOR DETAILS: In India, the most of the retail sector is unorganized.
In India, the retail business contributes around 10 percent of GDP. of this, the
organized retail sector accounts only for about 5 percent share, and the expected
annual growth rate is 5% per annum and remaining share is contributed by the
unorganized sector.
The main challenge facing the organized sector is the competition from
unorganized sector. Unorganized retailing has been there in India for centuries,
theses are named as mom-pop stores. According to A T Kearney, the organized
retailing is expected to be more than $23 billion revenue by 2010.
In organized retailing will grow faster than unorganized sector and the growth
speed will be responsible for its high market share, which is expected to be $ 17
billion by 2010-11.This organized retail sector mix includes supermarkets,
hypermarkets discounted stores and specialty stores, departmental stores.
For example, Spencer network has 69 stores, which includes seven Spencer
hypermarkets, three Spencer super markets and 49 Spencer Daily’s. Now the
company is planning to open 20 stores in 10 cities in six months. The top 10
retailers account only for 2% of total market, today modern retailing is expected
to enter a boom phase, which has major players and these players might capture
10% of total market, within next five years.
2. COMPANY PROFILE
Big Bazaar, is the chain of retail stores of the big banner Pantaloon Retail
(India) Ltd., which in turn is a segment of the Kishore Biyani, regulated Future
Group of Companies.
Big Bazaar with over 50 outlets in different parts of India, is present in both the
metro cities as well as in the small towns. Big Bazaar has no doubt made a big
name in the retail industry of India, moreover shopping here is further made a
memorable experience with the varied rates of discounts on products as well as
discount vouchers available in a variety of amounts, like INR 2000, INR 3000,
INR 4000, INR 5000 and INR 10000 on all Big Bazaar products and
accessories.
A wide variety of consumer and producer goods have been designed for many
marketing and has become a good profession. Customer service is the provision
of services to customers before, during and after a purchase.
Big Bazaar will often have a desk or counter devoted to dealing with returns,
exchanges and complaints, or will perform related functions at the point of sale;
the perceived success of such interactions being dependent on employees "who
can adjust themselves to the personality of the guest," Customer service plays
an important role in an organization's ability to generate income and revenue.
From that perspective, customer service should be included as part of an overall
approach to systematic improvement. A customer service experience can
change the entire perception a customer has of the organization. Customer
support is a range of customer services to assist customers in making cost
effective and correct use of a product.
Board of directors
1. Managing director
Mr kishore Biyani
2. Wholetime Director
Mr Gopikishan Biyani
Mr Rakesh Biyani
3. Director
Mr Shailesh Haribhakti
Mr S.Doreswamy
Mr Darlie Koshy
Mr Anil Harish
Big Bazaar Hyper mart chain in India
Outlet 140 Outlets
Parent Group Future Group
Owner Kishore Biryani
Founded 2001
Head Quarter Jogeshwari Mumbai
Industry Retail
Tagline Iss se sasta aur achha kahi
nahi
OBJECTIVES
Its provide guideline for further research in area for organized retail.
Research says aboutcustomer buying behavior towards Big Bazaar. The
research is also important to identify Marketsize, growth and Market
Potential of Big Bazaar.
SCOPE OF STUDY
The study does not say anything about rural buying behavior of
customerbecause rural norms/status/attitude & acceptance of the rural
customers differs with urbancustomers. It provides help to further the
research for organized retail sector. It aim to understandthe skill of the
company in the area like technological advancement, competition in
management.
CORE VALUES
1. Indianness-Confidence in ourselves
Marketing Mix of Big Bazaar analyses the brand/company which covers 4Ps
(Product, Price, Place, Promotion) and explains the Big Bazaar marketing
strategy. There are several marketing strategies like product/service innovation,
marketing investment, customer experience etc. which have helped the brand
grow.
Marketing strategy helps companies achieve business goals & objectives, and
marketing mix (4Ps) is the widely used framework to define the strategies. This
article elaborates the product, pricing, advertising & distribution strategies used
by Big Bazaar.
Let us start the Big Bazaar Marketing Mix & Strategy:
Apparels, Food, Farm Produce, Home and Personal Care and Chill Station.
Apparels usually comprise denims and T shirts, fabrics and cut pieces, casual
clothing, party clothing, ethnics wear, accessories, under garments, dress
materials, sarees and the likes.
Big Bazaar offers food which comprises ready to eats, ready to cook packages,
spices, chilled drinks, tea and coffee etc. Farm products include vegetables,
fruits, dairy products and imported fruits/vegetables and luxury fruits. Chill
stations are at Big Bazaar offering soft drinks, packages juices, milk and milk
products, frozen foods and ice creams.
Home and personal care include detergents, soaps, creams, deodorants, plastic
products and crockery. Other than these Big Bazaar also offers Electronics,
Fashion and Jewellery items and Kids and Child products.
Besides this Big Bazaar also offers certain goods at low interest rates and uses
psychological model of pricing as well as differential and bundling price
strategies. Hence, the pricing strategy in the marketing mix of Big Bazaar is not
solely dependent upon competition and regulatory authorities.
Big Bazaar Place & Distribution Strategy:
The promotional and advertising strategy in the Big Bazaar marketing strategy
is as follows:
Big Bazaar is known for promoting its products in very catchy, easy to
remember ways using memorable punchlines. For below the line promotion,
they offer discounts and coupons along with money back guarantees and several
exchange offers.
For Above the line promotion Big Bazaar run advertising campaigns on
television and radio while also publishing print ads in newspapers and
magazines, besides online promotion. Hence the promotional strategy in the
marketing mix of Big Bazaar is mostly a 360 branding technique.Since this is a
service marketing brand, here are the other three Ps to make it the 7Ps
marketing mix of Big Bazaar.
People:
Very well trained and knowledgeable staff assists people in purchasing the right
things which Big bazaar has in spades (roughly 10,000 employees). The people
strategy in the marketing of Big Bazaar is primarily having the right people
trained in the right way to serve the customers.
The uniform and overall grooming, smartness of their employees helps achieve
a professional outlook implying that they mean business and are serious about
the choices that their customers make through assists. Baggage counters and
security guards also help check foul play and ensure safety.
Process:
From the free delivery of goods purchased for over Rs 1000 to streamlining of
the cash counter processes through technological application and more efficient
queueing systems in place, Big Bazaar realizes the importance processes play in
the sale of merchandize and understands the implications this has on customer
retention and satisfaction.
Physical Evidence:
Big Bazaar prominently displays tags/name slips and readouts for all its
products and merchandize. This helps in better search and navigation and
reduces buyer purchase time, thereby generating more profits. The stocking of
goods is done systematically and in proper stacks so as to make them visually
appealing. Thus, all this provides an overview on the marketing mix of Big
Bazaar.
4. CUSTOMER SERVICES IN BIG BAZAAR
Big Bazaar will often have a desk or counter devoted to dealing with
returns, exchanges and complaints, or will perform related functions at
the point of sale; the perceived success of such interactions being
dependent on employees "who can adjust themselves to the personality of
the guest,
Provide equal and easy access to our services at a time, place and
channel that meet the needs of residents, businesses and other
stakeholders
Big Bazaar (large market) has lead to a revolution in retail sales in not only
metro cities, but also tier 1 and 2 cities. Till, 2000 the share of organized retail
in India was about 0.9%, which increased to 3.5% in 2003 and was about 12%
in 2010. Big Bazaar reaped huge benefits in this expansion of organized retail in
the country. But much of its success is attributed to its unique and innovative
marketing strategy involved in the process. Big Bazaar’s parent company,
Pantaloon Retail India Limited (PRIL) considered itself a classless retailer and
hence hasn’t tried much to segment the market and appeals to all demographic
and socio-economic segments in the market.
Big Bazaar entered the market with large hypermarket stores with a touch of
“Indianness”. They wanted to attract consumers who hitherto went to local
kirana stores for their daily purchases. To persuade the customers, Big Bazaar
incorporated elements of the bazaar experience into its stores. For example, the
Indian customers like touching and feeling certain products before making a
purchase, hence Big Bazaar had loose grains which they would touch and feel.
Addressing the second major concern, the customers are extremely price
sensitive and feel that organized stores charge a premium on products.
Dispelling their fears, Big Bazaar promoted its stores by a tagline “isse sasta aur
accha kahin nahin” (nowhere a cheaper and a better quality bargain), which
drove normal middleclass customers in hordes to the stores. While all this lead
to instant success, a no STP use also lead to a loss of a major opportunity, which
now the PRIL management is frowning upon.
In vowing middle class customers from all segments, Big Bazaar lost out on the
very important segment of upper class customers, which provide the maximum
revenue to any business, due to the high premium on high class goods. With the
entry of Reliance in retail and the pending legislation on FDI in multi brand
retail, it faces tough competition ahead. The profit margin in middle segment
goods is very less and hence the exclusion of luxury/upper class segment would
hurt Big Bazaar in the long run.
5. SWOT ANALYSIS
Sales Persons are well trained and always ready to help customers in
making buying decisions.
Weaknesses in the SWOT Analysis of Big Bazaar
Big Bazaar is not able to make a presence in the international market its
presence is restricted to India Only.
Big Bazaar has not planned its retail according to lifestyle, taste, and
budget.
Store opening time is not managed properly.
Revenue is falling because of competitors and new entrants.
During offers Big Bazaar is overcrowded.
Billing takes time as the billing executives are explaining Future Pay
cards to each and every customer.
Some advertised products are not available at the store.
Opportunities in the SWOT Analysis of Big Bazaar
Global competitors.
Online groceries of Amazon, Flipkart, and other companies can affect the
market share of Big Bazaar.
Competition among D-Mart & Reliance Retail.
Unorganized retail is also a big threat.
Government Policies and regulations related to the retail sector.
International Players who are willing to open stores in India.
6. RESEARCH METHODOLOGY
Methodology Adopted:
a. Primary Data –
Primary data is that which is collected fresh and thus happen to be Original in
character. The primary data is collected in the process of questionnaire and
interviews of the outlets. The primary data were derived from the answers
respondents gave in the structured questionnaire prepared by the researcher. A
personal interview was conducted with the help of a Questionnaire. The
respondents were asked to give their frank opinion regarding the concerned
matter and respondents have given valuable information.
The various methods of primary data collection which is used in this study are:
Questionnaire Method
b. Secondary Data –
Secondary data is any data, which have been gathered earlier for some other
purpose. Data that have been previously collected for some project other than
the one at hand. Among the above mentioned types of data was used for the
study and analysis of the objective of this project, also the secondary to data
proved to be helping hand in framing up the industry scenario and also the
relevant topics in the entire project report. For collecting secondary data
researcher used internet, news papers and Hand outs.
Sampling Plan
A sample definite design is a definitive plan for obtaining a sample from a given
population. It refers to the technique or the procedure the researched would
adopt in selecting items for the sample design is determined before data are
collected. There are many sample design from researcher can choose.
Sample Size: The survey is conducted in the city of Bangalore big bazaar, with
200 customers as respondent.
Limitations
The lower priority for carrying out a survey because of competing urgent tasks
(BIG BAZAAR)
CUSTOMER SURVEY
YES 20 5 NO CAN’T
5 SAY
Result:
From the above table it is clear that customers are satisfied with the services of
Big Bazaar because out of 30 customers 20 has given the positive answer in
favor of Big Bazaar.
Result:
From the above table it is clear that customer are satisfied with the attitude of
3. How would you rate the Shopper Assistant’s behavior on the scale of five?
5 10 4 14 3 05
3 2 1 2 1 00
1
Result:
marks
Out of 30 customers ,18 have told that they like the layout of Big Bazaar while
8 told that they do not like very much.
18
DELIVERY SERVICES
Result:
Out of 30 Customers ,18 customers said that Big Bazaar always provide better
services &it exceed their expectation.
7. Do you think that Big-Bazaar follow the ethical Mktg. Practices like right
pricing, right quality and right quantity?
Out of 30 customer,25 customers have told that BigBazaar following the ethical
marketing practices.
PRICE 20 QUALITY 10
Result:
Customer said that when they think about Big Bazaar they think about price.
out of 30 customer 20 customer have told this while 10 customer said that they
think about quality.
WORST 0
Result:
RETAILOR SURVEY
10. What is the most important criteria of selection for their Store Assistant
and Store Manager?
1 5 4
Pleasing Personality Good Communication Team Work
Out of 20 retailers,10 has given importance to the store manager who have the
quality of identifying customer need, while others have given importance on
work & good communication skills.
11. Do you display all the entire stock on the rack or some amount is kept for
contingence? (Inventory availability)
Only to FMCG 2
8
Result:
Out of 20 retailer ,14 have told that they show all the product to customer, while
4 have told that show some product to the customer.
Out of 20 Retailer, 12 has said they use the customer preference for point of
purchase counter while other said that they use brand &product visibility.
Out of 20 retailer ,10 has told that they use Newspaper as their main tool for
promotional .
20 Out of Retailer,10 retailer said that they get the customer satisfaction by
customer database while other have said that they use data of number of repeat
purchase.
With customer
Result :
Out of 20retailer, 12 have told that analyzing the customer satisfaction through
the feedback of customer.
8. FINDINGS OF THE REPORT
Findings
1. Most of the stores are targeting almost all the segments of the society with
their USP being “Price benefit”
“Customer Service is a critical factor for keeping your clients coming back and
ensuring they’ll refer you to others”.
1: Growing your business will be a difficult task at best if you don’t perform,
meet and exceed your client’s expectations, and provide service that creates
customers for life.
6: Committing to the Little Things: Don’t ever dismiss the power of all the
little things. Together they can make all the difference and really separate
you from the competition. Returning calls and emails in a timely manner.
Providing useful information to folks on a regular basis. Showing
appreciation for your clients through things like thank you notes, exclusive
client-only briefings, and open house, etc.
Clearly these are not the only relevant areas for creating great customer
service, I assure you. But these were some of the Factors which might
Provide a boost to the sales figures, though I am sure the organization would
have already implemented most of these measures already.
10. RECOMMENDATION
1) Convert your customers into publicity agents. Develop an incentive for them
to tell associates and friends about the value of your products or services. An
endorsement from them is more effective than any amount of advertising -
and it is much cheaper.
2) Surprise your customers with unexpected value. If you sell products, include
an "unadvertised bonus" with every order. If you sell services, get into the
habit of doing something extra for every customer or client without charging
for it.
3) Reward them each time they refer someone who becomes a customer.
Your reward can be as simple as a credit toward their next order from you.
5)Visual Merchandising: It is often seen that the people come to the store to
browse rather than buy.
● Marketing Management
- Philip Kotlar
● Research Methodology
- C. R. Kothari
● Retail Marketing
J.A.Lamba
● www.indiainfoline.com
● www.google.com
● www.businessline.com
12. ANNEXURE: QUESTIONNAIRE
QUESTIONAIRE ON CUSTOMER-RELATIONSHIP
MANAGEMENT IN RETAIL-SECTOR (Big BAZAAR)
RETAILOR BASED SURVEY
1.What is the most important criteria of selection for their Store Assistant and
Store Manager?
2.Do you display all the entire stock on the rack or some amount is kept for
contingence?
3. Rate the following options as per your priorities while deciding the layout for
store?