Professional Documents
Culture Documents
A REPORT ON
MEASURING CUTOMER SATISFACTION
BY
ANMOL ANAND
AT
ANMOL ANAND
00661203920
At
The requirements of
MBA Program of
GGSIPU
Mr.
College Mentor
LETTER OF AUTHORIZATION
This is to certify that ―Mr. ANMOL ANAND, Enrolment number 00661203920 student
of GGSIPU will be doing his Summer Internship Program Project with ―OUTLOOK
PUBLISHING (India) PVT. LTD.‖ from 07th June, 2021 to 07st August, 2021.
The project work entitled ―Measuring Customer Satisfaction ‖ and “Generating Sales
for The Outlook India Private Limited” embodies the original work done by Anmol
Anand during the above full training period.
Summer Internship Project Report 2021
ACKNOWLEDGEMENT
I would like to express my gratitude and indebtedness to the management and staffs
of GGSIPU for providing me this wonderful opportunity to gain practical industrial
exposure by including this summer internship as part of my curriculum of the two year
MBA program.
I would also like to thank Dr. APARNA MISHRA (Faculty Guide) of GGSIPU for his
valuable suggestion in making the project report and for his continuous support and
unconditional help, which guided me through this report.
TABLE OF CONTENTS:
Summer Internship Project Report 2021
Topics Page Number
Cover Page. 1
Title Page. 2
Authorization. 3
Acknowledgments. 4
Table of Contents. 5
Introduction. 19-31
References. 50
LITERATURE REVIEW
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Before starting any research it is very necessary to read articles and other research
papers that have been written on the subject in the past. These literatures help us in
developing a strong base for our study and provide us with information that can be
used during the research. It also helps in developing objectives for the study
Sources:
http://www.consumerdaddy.com/consumer -reviews-of-outlook-publishing-india-
privatelimited-c-1399.htm
http://www.consumerdaddy.com/consumer -reviews-for-outlook-traveller-magazine-
p2756.htm
http://www.consumerdaddy.com/consumer -reviews-for-outlook-india-magazine-p2754.htm
http://www.consumerdaddy.com/consumer -reviews-for-outlook-money-magazine-
p2755.htm
Efforts in defining and measuring quality have come largely from the goods sector.
According to the prevailing Japanese philosophy, quality is "zero defects-doing it right
the first time." Crosby (1979) defines quality as "conformance to requirements."
Garvin (1983) measures quality by counting the incidence of "internal" failures (those
observed before a product leaves the factory) and "external" failures. Knowledge
about goods quality, however, is in-sufficient to understand service quality. Three
Summer Internship Project Report 2021
well-documented characteristics of services-intangibility, heterogeneity, and
inseparability must be acknowledged for a full understanding of service quality. Most
services cannot be counted, measured, inventoried, tested, and verified in advance of
sale to assure quality. Because of intangibility, the firm may find it difficult to
understand how consumers perceive their services and evaluate service quality
(Zeithaml 1981).
Researchers and managers of service firms concur that service quality involves a
comparison of expectations with performance. Service quality is a measure of how
well the service level delivered matches customer expectations. Delivering quality
service means conforming to customer expectations on a consistent basis. (Lewis and
Booms 1983) In line with this thinking, Gronroos (1982) developed a model in which he
contends that consumers compare the service they expect with perceptions of the
service they receive in evaluating service quality. Smith and Houston (1982) claimed
that satisfaction with services is related to confirmation or disconfirmation of
expectations. They based their re-search on the disconfirmation paradigm, which
maintains that satisfaction is related to the size and direction of the disconfirmation
experience where disconfirmation is related to the person's initial expectations
(Churchill and Suprenaut 1982).
Lehtinen and Lehtinen's (1982) basic premise is that service quality is produced in the
interaction be-tween a customer and elements in the service orga-nization. They use
three quality dimensions: physical quality, which includes the physical aspects of the
ser-vice (e.g., equipment or building); corporate quality, which involves the
company's image or profile; and interactive quality, which derives from the
interaction between contact personnel and customers as well as between some
customers and other customers. They furtherd ifferentiateb etween the qualitya
ssociatedw ith the process of service delivery and the quality asso-ciated with the
outcome of the service.
Remarkably consistent patterns emerged from the four sets of executive interviews.
While some perceptions about service quality were specific to the industries selected,
commonalities among the industries prevailed. The commonalities are encouraging for
they suggest that a general model of service quality can be developed. Perhaps the
most important insight obtained from analyzing the executive responses is the
following: A set of key discrepancies or gaps exists regarding executive perceptions of
service quality and the tasks associated with service de-livery to consumers. These
gaps can be major hurdles in attempting to deliver a service which consumers would
perceive as being of high quality. The gaps revealed by the executive interviews are
shown in the lower portion (i.e., the MARKETER side) of Figure 1. This figure
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summarizes the key insights gained (through the focus group as well as executive
interviews) about the concept of service quality and factors affecting it. The
remainder of this section discusses the gaps on the service marketer's side and
presents propositions implied by those gaps. It is important to note that the gaps on
the marketer side of the equation can be favorable or unfavorable from a service
quality perspective. That is, the magnitude and direction of each gap will have an
impact on service quality. The focus groups revealed that, regardless of the type of
service, consumers used basically similar criteria in evaluating service quality. These
criteria seem to fall into 10 key categories which are labeled "service quality
determinants"
COMPETENCE means possession of the required skills and knowledge to perform the
service. It involves: -knowledge and skill of the contact personnel; -knowledge and
skill of operational support personnel; -research capability of the organization, e.g.,
securities brokerage firm.
ACCESS involves approachability and ease of contact. It means: -the service is easily
accessible by telephone (lines are not busy and they don't put you on hold); -waiting
time to receive service (e.g., at a bank) is not extensive; -convenient hours of
operation; -convenient location of service facility.
SECURITY is the freedom from danger, risk, or doubt. It involves: -physical safety (Will
I get mugged at the automatic teller machine?); -financial security (Does the company
know where my stock certificate is?); -confidentiality (Are my dealings with the
company private?).
The Perceived service quality is the result of the consumer’s comparison of expected
service with perceived service. It’s quite possible that the relative importance of the
10 determinants in molding consumer perceptions (prior to service delivery) may
differ from the relative difference vis-à-vis consumer perceptions of the service
quality. However the general comparison of perceptions with expectations was
suggested in past research on service quality (Gronroos 1982, Lehtinen and Lehtinen
1982).
SUMMARY: The exploratory research (focus group and in-depth executive interviews)
reported in this article offers several insights and propositions concerning consumers'
perceptions of service quality. Specifically, the research revealed 10 dimensions that
consumers use in forming expectations about and perceptions of services, dimensions
that transcend different types of services. The research also pinpointed four key
discrepancies or gaps on the service provider's side that are likely to affect service
quality as perceived by consumers. The major insights gained through the re-search
suggest a conceptual service quality model that will hopefully spawn both academic
and practitioner interest in service quality and serve as a framework for further
empirical research in this important area.
Reliability
Responsiveness
Assurance Empathy
This Capstone Project involves the use of a customer perception tool known as
SERVQUAL. SERVQUAL was developed by A. Parasuraman, Leonard Berry and
Valerie A Zeitham in the 1980s. SERVQUAL is a multi-item scale developed to
assess customer perceptions of service quality in service and retail businesses
(Parasuraman, Berry, & Zeihaml, 1988). The scale breaks down the notion of
service quality into five dimensions which were derived from five years of
qualitative and quantitative customer service quality research (Parasuraman,
Berry and Zeitham, 1988 and 1990. The five service quality dimensions
identified through this process are:
First, services, as opposed to goods, are intangible; they are performances and
experiences rather than objects. While precise manufacturing specifications
can be set concerning uniform quality standards for objects like vehicles and
shovels, the same cannot be said for services like tactical and strategic
analytical support since the criteria that are set for evaluating performance of
service delivery by the customers is likely ―complex and difficult to capture
precisely(Zeithaml, Parasuraman, & Berry, 1990, p. 15).
The only criteria that count in evaluating service quality are defined by the
customers‖ (Zeithaml, Parasuraman, & Berry, 1990, p. 16).
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As a result of the insights obtained during their initial research into the area of
service quality, the SERVQUAL developers sought to ascertain the following:
If they assess specific facets, what the facets or dimensions on which they
evaluate the service.
Whether or not the facets or dimensions vary across services or and different
customer segments.
Parasuraman, Zeithaml, and Berry (1985) are three researchers in the service
quality academic field from the United States of America. They are considered
the key contributors to the North American School (Gap Analysis School) of
thought concerning service quality. They have developed a research model
(SERVQUAL Model) to examine the service quality concept. The model
development was based on exploratory qualitative research projects including
focus group interviews with consumers and in-depth interviews with firms’
executives. It was developed on the bases of data collection from four service
settings in the United States of America including retail banking, credit cards,
securities brokerage, and product repair and maintenance. Their research
findings showed that service quality as perceived by customers is a comparison
of the customers’ expectations with their perceptions of the performance of
the actual service
Apparently, service quality is an old concept. It was initiated in the late 1980s,
grown in the 1990s, and progressed in the 21st Century. However, measuring
and managing service quality from the consumer’s point of view is still rather a
debatable issue. In the literature, there are a number of key instruments
available for measuring service quality. Nevertheless, the SERVQUAL instrument
has been the major technique used to measure service quality and has been
extensively implemented and valued by academics and practitioners.
Parasuraman et al. (1988) identified a number of potential applications for the
SERVQUAL model, including:
1. It can be used on a regular basis to track customer perceptions of service
quality of a particular firm compared to its competitors.
2. It provides the opportunity for a firm to assess its service quality
performance on the basis of each dimension individually as well as the overall
dimensions.
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3. It allows the firm to classify its customers into different segments based on
their individual SERVQUAL scores.
4. It allows multi-unit retail companies to assess the level of service quality
offered by individual stores and to group them into different sectors with
different quality images.
The SERVQUAL model was theoretically and empirically studied, examined, and
discussed in several academic studies. In addition, it has been implemented to
measure and assess service quality across different service, industrial,
commercial, and non-profit settings (Buttle, 1996; Ladhari, 2008). This
includes, for example, hospitals and health-care sector, banking and financial
services sector, fast food chain, telecommunications industry, retail chain,
information systems, library services, hotels and leisure services, travel and
tourism, car servicing, higher education, hospitality, business-to-business
channel partners, accounting firms, architectural services, recreational
services, airline catering, apparel retailing, and local government (see, for
example, Carman, 1990;
Conclusion
This project will deal with the parameters and factors that contribute to the customer
satisfaction. Satisfaction is consumer’s fulfillment response. It is a judgment that a
product or a service feature or the product or service itself provides pleasurable level
of consumption related fulfillment. Customer satisfaction is the act of just doing
enough to be acceptable to a customer. The company must operate on the philosophy
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that it is trying to deliver a high level of satisfaction to the other stake-holder within
the constraints of its resources.
The present report is prepared for the partial fulfillment of PGPM Program (IBS
Gurgaon) and as a part of curriculum. The survey is an attempt to determine the
perception of the customers of Outlook group towards the magazine .‖ To pursue
research, the respondents are chosen randomly from the customer’s database of the
Outlook group and the questionnaire is filled by telephonic as well as face to face
interaction.
The Project ―measuring customer satisfaction‖ is an attempt to find out the factors
and causes which affect the degree of satisfaction among the customers of Outlook
Magazines. IN this tough time of competition magazines industry is going a long way in
developing, formulating and implementing promotional strategies to cope up with this
tough competition. Though there are many aspects which can be improvised in the
services of Outlook magazine. Strategies are formulated not only keep up with cut
throat competition but also to meet the highly volatile consumer preferences.
Finally some suggestions with respect to the survey for the future improvement are
given to improve the survey because their competitors have also taken up the surveys.
At the end of the report limitations, SWOT analysis, conclusion of the research and
Appendix which includes questionnaire, Bibliography, FAQ, and Glossary that has the
technical terms of the report.
Objectives of study:
IT was established in October 1995.Its branches are established in New Delhi, Kolkata,
Bangalore, Mumbai, Chennai and Hyderabad. The head office of the outlook group is
situated in New Delhi. In 1995, Mr. Vinod Mehta was the editor-in chief when the first
issue of the magazine was published.
In October 1995, group company Hathaway Investments private Limited entered the
print media. Outlook a weekly News magazine galvanized a sluggish market reeling
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under the impact of satellite TV. Outlook quickly placed itself as a need for readers
who value it in depth.
Today Outlook is the preferred magazine of about 2 million readers in India, and sells
more than 12 million copies over the year. There are 9 magazines of outlook group.
One of those magazines (OUTLOOK) is in Hindi and other eight are available in English.
The Magazines under the Outlook group comprises of both National as well as
International issues.
OUTLOOK MAGAZINES
National: International:
Traveler Geo
Careers 360
PEOPLE(Celebrity Magazine)
GEO(Knowledge Based)
OUTLOOK BUSINESS
It covers all about the company and industry, provident fund, advertising,
enterprise, technology etc. This magazine is one of the most selling magazines
in India. Most business class people prefer to get this magazine. This magazine
is published fortnightly i.e. 1 issue in every 15 days. Its cover price is 40 rupees
per copy.
OUTLOOK MONEY
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It covers bank sector, banking, insurance general, insurance decoder, mutual
funds. How to invest money in the market & mistakes when investing? How to
invest? Basically it’s a personal financing magazine and preferred by
youngsters. It is also a fortnightly Magazine. Its cover price is Rs. 30/- per copy.
OUTLOOK TRAVELER
It includes all the details like address of the tourism spot in hills, wildlife,
adventure, beach, resorts, heritage, and weekend. This magazine is preferred
by the people who love to travel to new destinations. It is a monthly magazine.
Its cover price is 100 rupees per copy.
OUTLOOK HINDI
It is for the Hindi reading audience. Hindi reader keeping their interests,
realities & aspirations in mind, it is not a translation of outlook English. As per
the management decisions, it is only sold at the stalls or book-stores.
Subscribing this magazine online is not yet possible. It is a weekly news
magazine and its cover price is Rs. 35.
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OUTLOOK PEOPLE
It covers all the celebrities, their lifestyles, likes, dislikes etc. It covers all the
happenings in the celebrity’s life. It is a fortnightly magazine. Its cover Price is
Rs. 50/-.
OUTLOOK GEO
MARIE CLAIRE
It includes all the dress styles, costumes and new dresses in the market, latest
fashion news, styles, beauty trends etc. in the market. It is a preferred
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magazine among women in India as well as other countries. It is a monthly
magazine and its cover price is Rs. 100.
CAREERS 360
It covers all the information related with careers, test preparations, sample
question papers etc. This magazine is useful for students. It is a monthly
magazine and its cover price is Rs. 50/-
Outlookindia.com: Before 1998, Outlook was not available online. But after
1998, Outlook went online as outlookindia.com. Outlookindia.com is both
outlooks Magazine’s home on the internet and an online publication. Going
online was a valuable deal for outlook group because people who were
technology oriented came closer to the outlook group’s magazines. Apart from
Outlook’s printed edition in it’s entirely supplemented with links to related
articles on its own site and elsewhere on the web. Outlookindia.com also offers
an array of Original columns that is only meant for web and news updates every
day with a very lively interaction with the readers.
Apart from publishing magazines, there are some guides also which is
published by Outlook group.
OUTLOOK Traveler Guides are not only useful for reliable information
about the destination to be visited; it is also useful for knowing the culture
and workings of that destination. These guides are generally preferred by
the people who like to travel a lot and who are keen to know about new
destinations.
CAREERS 360
GEO
MAGAZINE GROUP
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The magazine industry is going through a tough phase in India just like in other
countries. Newspapers have added supplements to their main issue and infringed on
the content covered by magazines earlier. Television channels have launched in
different genres that didn't exist a few years back. And with the increased
penetration and adoption of the Internet in the country, more people are now
Summer Internship Project Report 2021
consuming news and stories on different topics on the web and mobile. There is still a
demand for high quality print content and magazines need to deliver on that need to
avoid losing market share to other mediums. In addition, they also need to explore
and distribute their content on the web and mobile platforms to give choice to their
subscribers to consume content from anywhere and at any time.
India has 49,000 publications, but annual revenues total just $1.1 billion. Most lack
technology, marketing, and capital to grow which has resulted in a handful of
publications dominating the market with the Times of India Group being the market
leader. Distribution is critical for a magazine since it has to be readily available and
marketed to consumers. Big publications have strong distribution network set up.
• Retail: magazines are available in retail outlets for sale. The retailer gets a
commission on the sale price.
The print industry in India is highly fragmented due to the large number of local
languages. Regional language publications own 46 per cent of the market share, Hindi
language publications cover 44 per cent and the remaining 10 per cent is served by
English publications. The primary penetration of English language magazines currently
is in metros and urban centres though the growth is widening to smaller cities as the
education and income levels increase among the middle class.
With the opening up of Foreign Direct Investment (FDI) policy, several international
publishers are aggressively entering the market and this trend is expected to
continue.
North 23%
South 38%
East 9%
West 26%
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National 4%
The ad-revenue sources are local, national, classified, Pre-printed and advertorials.
The CPM rate for magazines is lower than television and the audience is more
targeted.
300
250
200
150 Magazines
Newspapers
100
50
0
FY09 FY10 FY11 FY12
Business Office:
OUTLOOK Traveler ―75 Holidays in the Hills" won the 2004, PATA Gold Award.
Weekend breaks from Delhi was in the BESTSELLERS top three, non-fiction category for
14 consecutive weeks in North India
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Weekend breaks from Mumbai was in the BESTSELLERS list top three for 8 consecutive
weeks in West India
DETAILED PROGRESS
As a management trainee I joined ―OUTLOOK MAGAZINES ‖ New Delhi and I have been
given the profile of a ―RELATIONSHIP EXECUTIVE‖.
My profile is to approach the customer over phone and to promote the magazines so
that the number of readership will increase.
Key Learning
7. Coordination at work.
8. Creating strategy on daily basis to achieve my daily target and make the job
easier
This research is an attempt to describe the satisfaction level of Outlook subscribers. So, here I
have adopted Descriptive Research Design in order to come to a conclusion, by survey and
observation with help of a structured Questionnaire.
Primary data
o For collecting the primary data the survey was done through questionnaire, which
was personally given to customers and was filled through interacting with different
age groups, sex, monthly income and occupation.
o Studying the degree of customer satisfaction on objective needed to be work on.
o Finally analyzing the data of various areas and trying to study about various
influence factors.
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Secondary data
For theoretical overview, secondary data was collected from magazines, newspapers and
different websites.
The source of data collection for the observation is Primary data which is collected from the
Questionnaire. Primary data are originated by a researcher for the specific purpose of
addressing the problem at hand.
o Sample size:
The sample size is restricted to only 40 which consists of people belonging to Delhi
NCR who are existing customers of The Outlook Group.
QUESTIONNIARE:
Kotler defines customer satisfaction as the level of persons felt state resulting from
comparing a product’s perceived performance or outcome in violation to his or her
own expectations. So, customer satisfaction could be used as a comparative behavior
between inputs beforehand and post obtainments.
Please put in your details as per your expectation (what you expected ) and perception (what you actually got)
NAME
• 18 - 25
• 26 - 45
• 46 - 65
• 65+
Expectation (E1) Excellent Publishing House will have modern looking Magazines
1 2 3 4 5 6 7
Strongly Disagree
Strongly Agree
Select a value from a range of 1,Strongly Disagree, to 7,Strongly Agree,.
1 2 3 4 5 6 7
Summer Internship Project Report 2021
Strongly Disagree
Strongly Agree
Select a value from a range of 1,Strongly Disagree, to 7,Strongly Agree,.
E2. Materials associated with the service (such as Invitations and Discount Offers) will be visually appealing at a Publishing House
1 2 3 4 5 6 7
1 2 3 4 5 6 7
1 2 3 4 5 6 7
P3. Outlook publishing private ltd magazine paper quality is visually appealing
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1 2 3 4 5 6 7
Strongly Strongly Agree
Disagree Select a value from a range of 1,St rongly Disagree, to 7,St rongly Agree,.
E4. Sales executives who visit the customers will be neat appearing
1 2 3 4 5 6 7
1 2 3 4 5 6 7
Strongly Disagree
Strongly Agree
Select a value from a range of 1,Strongly Disagree, to 7,Strongly Agree,.
E5. When Excellent Magazine Publishing Companies promise to do something by a certain time, they do
1 2 3 4 5 6 7
Strongly Strongly Agree
Disagree Select a value from a range of 1,St rongly Disagree, to 7,St rongly Agree,.
1 2 3 4 5 6 7
E6. When a customer has a problem, Excellent Magazine Publishing Companies will show a sincere interest in solving it
1 2 3 4 5 6 7
Strongly Disagree Select a value from a range of 1,St rongly Disagree, to 7,St rongly Agree,.
Strongly Agree
P6. When you have a problem, Outlook Customer care executives show a sincere interest in solving it
1 2 3 4 5 6 7
Strongly Disagree Select a value from a range of 1,St rongly Disagree, to 7,St rongly Agree,.
Strongly Agree
Summer Internship Project Report 2021
E7. Excellent Magazine Companies will perform the service right the first time
1 2 3 4 5 6 7
1 2 3 4 5 6 7
Strongly Agree
Strongly Disagree
Select a value from a range of 1,St rongly Disagree, to 7,St rongly Agree,.
E8. Excellent Magazine companies will provide the service at the time they promise to do so
1 2 3 4 5 6 7
Strongly Strongly Agree
Disagree
Select a value from a range of 1,St rongly Disagree, to 7,St rongly Agree,.
1 2 3 4 5 6 7
1 2 3 4 5 6 7
E10. Employees of excellent magazine companies will tell customers exactly when service will be performed
1 2 3 4 5 6 7
Strongly Strongly Agree
Disagree
Select a value from a range of 1,St rongly Disagree, to 7,St rongly Agree,.
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P10. Employees in Outlook tell you exactly when service will be performed
1 2 3 4 5 6 7
Select a value from a range of 1,St rongly Disagree, to 7,St rongly Agree,.
Strongly Disagree Strongly Agree
E11. Employees of excellent magazine companies will give prompt service to customers
1 2 3 4 5 6 7
Strongly Disagree
Select a value from a range of 1,St rongly Disagree, to 7,St rongly Agree,.
Strongly Agree
Strongly Disagree
Select a value from a range of 1,St rongly Disagree, to 7,St rongly Agree,.
Strongly Agree
E12. Employees of excellent magazine companies will always be willing to help customers
1 2 3 4 5 6 7
1 2 3 4 5 6 7
E13. Employees of excellent magazine companies will never be too busy to respond to customers’ request
1 2 3 4 5 6 7
Strongly Strongly Agree
Disagree
Select a value from a range of 1,St rongly Disagree, to 7,St rongly Agree,.
P13. Employees in Outlook are never too busy to respond to your request
1 2 3 4 5 6 7
E14. Employees of excellent magazine companies will have the knowledge to answer the customers’ questions
1 2 3 4 5 6 7
Strongly Disagree
Select a value from a range of 1,St rongly Disagree, to 7,St rongly Agree,.
Strongly Agree
1 2 3 4 5 6 7
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Strongly Disagree
Strongly Agree
Select a value from a range of 1,Strongly Disagree, to 7,Strongly Agree,.
E15. Employees of excellent magazine companies will be consistently courteous with customers
1 2 3 4 5 6 7
Strongly Strongly Agree
Disagree Select a value from a range of 1,St rongly Disagree, to 7,St rongly Agree,.
1 2 3 4 5 6 7
1 2 3 4 5 6 7
1 2 3 4 5 6 7
E17. The behaviour of employees of excellent magazine companies will instill confidence in customers
1 2 3 4 5 6 7
Strongly Strongly Agree
Disagree Select a value from a range of 1,St rongly Disagree, to 7,St rongly Agree,.
1 2 3 4 5 6 7
Strongly Agree
Strongly Disagree
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Select a value from a range of 1,St rongly Disagree, to 7,St rongly Agree,.
1 2 3 4 5 6 7
1 2 3 4 5 6 7
E19. Excellent magazine companies will have operating hours convenient to all their customers
1 2 3 4 5 6 7
1 2 3 4 5 6 7
E20. The employees of excellent magazine companies will understand the specific needs of their customers
1 2 3 4 5 6 7
Strongly Strongly Agree
Disagree
Select a value from a range of 1,St rongly Disagree, to 7,St rongly Agree,.
1 2 3 4 5 6 7
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Strongly Strongly Agree
Disagree
Select a value from a range of 1,St rongly Disagree, to 7,St rongly Agree,.
E21. Excellent magazine companies will have their customer’s best interest at heart
1 2 3 4 5 6 7
Strongly Strongly Agree
Disagree
Select a value from a range of 1,St rongly Disagree, to 7,St rongly Agree,.
1 2 3 4 5 6 7
Please allocate 4 Grade among the five features according to how important it is to you. We would like to know how much each of
these features is important to you. Please make sure the Grade add up to A, B, C, D.
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https://docs.google.com/forms/d/1c337tmlhubtB5m6pzB5n4OjZ1DGJ1aNlprzurB89io/vie
wanalytics
https://docs.google.com/spreadsheet/ccc?key=0AoRJHeKHjy7TdDljdktCdnFnelU2SzgyZl9T
TzByc3c&rm=full#gid=0
Outlook is a big brand with vast distribution channel and huge customer follow-up.
Outlook satisfies the content expectation of customers.
When surveyed by other survey agencies, the overall response for outlook was
excellent, good or satisfactory.
There is a lot of scope for Outlook to improvise.
The satisfaction of the customers who are subscribed to Outlook magazine is measured by
taking five dimensions in-to account viz. Tangibility, Reliability, Responsiveness, Assurance
and Empathy.
As per the responses given by customer to the survey questionnaire and keeping in
view the four factors that account for the tangibility in the questionnaire, The
Outlook Publishing Company needs to pay more attention to the appearance of the
executives who visit customers and the materials like subscription invitations,
discount offers which they deliver to the concerned addresses. It hasn’t been able to
keep up with the expectations of the customers although the quality of material used
for making magazine has been good. The results reveal that there is a lot of scope
for The Outlook Publishing house to improve in the areas mentioned above.
Summer Internship Project Report 2021
RELIABILITY
It involves the ability to perform the promised service dependably and accurately. It
includes doing it right the first time, which is one of the most important service
components for customers. It also extends to provide services when promised and
maintain error-free records. The Reliability dimension of the SERVQUAL instrument is
comprised of questions 5-8, which assess customers’ perceptions of the reliability
aspects (acting according to promises, sincerity in problem solving, performing the
service right at the first time, providing service at the promised time & insistence on
error free records) of the Outlook publishing company. When looking at each of the
four factors making up the reliability dimension of customer satisfaction, the
expectations of the customers of Outlook India Group expectations exceed their
perceptions in all four areas, the average gap score being -30.50. The survey result
show that the perception of the customers fall below their expectation of the
reliability aspects of the Outlook-India Group. It shows that the company doesn’t
keep up with its commitments and need to work hard more on the area under
reliability viz. service performance.
RESPONSIVENESS
SWOT ANALYSIS
STRENGTHS
WEAKNESS
OPPORTUNITIES
THREATS:
LIMITATIONS
The responses of all the customers couldn’t be noted due to time constraint
Lack of time, money and other relevant resources became a major problem
RECOMMENDATIONS
It is important to motivate the consumer to subscribe for the magazine for boosting the sales and
its obvious that most of the consumers will not get motivated unless and until they get what they
want. From the market survey it was able to identify that the motivating factors are the gifts
provided along with the subscriptions and according to most of the consumers a good gifts are
one which have good brand value associated with it and those which offer better utility.
Referral marketing can be effectively used to improve the subscription sales. The existing
customer can be motivated to refer to their friends, relatives etc. to subscribe for the magazine by
means of exciting and attractive gifts as incentives. The magazine should provide Business reply
cards exclusive for existing subscriber along with subscriber’s copies during the magazine
delivery so that they can refer their friends and relatives for magazine subscription. The business
reply card should offer the facility to be filled with at least ten references. Subscribers should be
able to send them free of cost. Now these subscribers can be provided with attractive gifts.
3. Customer retention
It is a normal saying that customer acquisition is good, retention is better. This is because a
customer retained is equal to five new customers as the money spent for acquiring a customer is
calculated to be five times the money spent to retain a customer. From the information obtained
from Outlook, if was identified that Outlook does nothing for customer retention. Outlook needs
to formulate and implement customer retention and loyalty programs to retain the customers.
Summer Internship Project Report 2021
• Greet the customers with exciting gifts during special occasions
• Sell the subscription renewal at discount
• Auto renewal of subscription
• Allow grace period for subscription expiry
• Send loyalty gifts
• Organize entertainment events for subscribers
• Organize get – together
• Offer free Medical claim or Insurance Policy
From the market survey it was revealed that the strengths of Outlook Magazine are Promotional
Schemes and unbiased reporting. Its weaknesses are its Content quality, Paper quality and Print
quality so it should work on it to increase the customer’s satisfaction. If the product is able to satisfy
customers in its core product attributes, then the customer will be tend to be loyal as their
expectations are fulfilled.
So to improve customer loyalty and thereby increase voluntary sales outlook magazine has to
work on its weaknesses as expected by the customers of the magazine Since the quality of
content and coverage are subjective in nature, Outlook needs to identify what are weaknesses of
the current contents and coverage of the magazine as well as the customers’ expectations about
them. For this Outlook should go for detailed survey and customers feedback so that it can
understand the customers’ expectations as far as content and coverage of the magazine are
concerned. Once the customer expectation is identified Outlook need to restructure the magazine
by implementing the customer requirements and demands in order to improve their satisfaction
level which will in turn boost the magazine as well as subscription sales
Summer Internship Project Report 2021
REFERENCES
Referred Books:
1. Solomon, Michael R., “Consumer Behavior-Buying, Having and Being”, 2009 Pearson
Education Inc.,
Websites:
www.outlookgroup.com www.outlookindia.com
www.outlookmagazines.com
www.Delhioutlookmagazines.com
www.outlooktraveler.com
www.outlookbussiness.com
www.outlookmoney.com