Professional Documents
Culture Documents
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INTERNSHIPiCERTIFICATE
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ACKNOWLEDGEMENT
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aining.iTheihelpiandiguidanceigivenibyihimitimeitoitimeishallicarryimeiailongiwayiinitheijour
neyiofilifeioniwhichiIiamiaboutitoiembark.iLastly,iIiamithankfulitoistaffiofi G.H.MOTOR
COMPANYiandilimitediforiansweringieachiqueryiregardingitheiprocessiofitheicompany.iIia
miobligeditoistaffimembersiofiG.H.MOTORCOMPANYilimitedi,iforitheivaluableiinformati
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eriodiofimyiassignment.iIiamimakingithisiprojectinotionlyiforimarksibutitoialsoiincreaseimy
iknowledge.i
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INDEX
S.no Particulars Page No.
1 Introduction 6-14
2 Review of literature 16-18
3 Research Methodology 20-21
4 Data analysis 23-28
5 Findings/Objectives 30-31
6 Conclusion 33
7 Bibliography 35
8 Questionnaire 37-40
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CHAPTER 1 : INTRODUCTION
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INTRODUCTION
Satisfied customers contribute to customer retention and reducing churn. It leads to fewer
spending or more budget to spend on other activities. It brings in more revenue and also
word of mouth. And the pursuit of keeping our customers satisfied will enable us to
continually improve upon our support functions, call center interactions, our
communications and the product itself. It will also help us set the stage for the next task
- winning customer loyalty.
We've already seen that customer satisfaction is a leading indicator to purchase intentions
and customer loyalty. Customer loyalty is also a lagging indicator of customer retention,
and here are 5 compelling reasons why customer retention matters.
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► As quoted by HBR, acquiring a new customer is anywhere from 5x to 25x more
expensive than retaining an existing one.
► According to Gartner, your loyal customers who form the 20% of your customer
base drive an additional 80% of business.
► As per MarTech, existing customers are 3x to 10x more likely to spend than a cold
lead.
► According to Fred Reichheld, inventor of the net promoter score, a 5% increase in
customer retention results in a 25% to 95% increase in profits.
► Compared to a new person evaluating it, price consciousness also decreases the
longer a customer stays with a product.
Customer expectation encompasses very thing that a customer expects from a product,
service or organization. Customer expectations are created in the mind of customers based
upon their individual experiences and what they have learned, combined with their pre-
existing experience and knowledge. Expectations of a customer on a product tell us his
anticipated performance for that product. As it is suggested in the literature, consumers may
have various "types" of expectations when forming opinions about a product's anticipated
performance.
1.4 Measuring Customer Satisfaction
Customer satisfaction is measured at the individual level, but it is almost always reported at
an aggregate level. It can be, and often is, measured along various dimensions. A hotel, for
example, might ask customers to rate their experience with its front desk and check-in
service, with the room, with the amenities in the room, with the restaurants, and so on.
Additionally, in a holistic sense, the hotel might ask about overall satisfaction 'with your
stay.There are several ways to gather input from customers. The simplest way to find out
how customers feel and what they want is to ask them. If you have only 20
customers, you can talk to each one personally. The advantage of this approach is that you'll
get a personal "feel" for each customer. The disadvantage is that you'll gather different
information from each customer depending on how the conversation goes. Customer
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surveys with standardized survey question ensure that you will collect the same information
from everyone. Remember that few of your customers will be interested in "filling out a
questionnaire". It's work for them without much reward.
By launching a customer survey as an attempt to find out "how we can serve you better" –
your customers will feel less put upon
Here are a few of the possible dimensions that one could measure:
● Quality of product *
● Pricing
● Offers and discounts
● Staff's behavior
● Complaints or problems >
● Billing experience
● Security's behavior
● Store's ambience & cleanliness
● Overall experience in store
A. Service Loyalty: Service loyalty is considered as the most important element which
indulges consumers in terms of repurchasing the product. Loyal customers opt for
repeat purchases.
B. Service Quality: It is an end result of customer satisfaction which has an impact on
service marketing. It is also termed as technical service which is 171 meant that
what type of services is offered to the customers. Additionally, the role of functional
service is understood through the procedure of service delivery. SERVQUAL Model
is adopted to measure the service delivery.
C. Customer satisfaction: Customer satisfaction plays crucial role to deal with
customers' satisfaction and their needs. In after sales service, delivery or warranty is
regarded as important element in this regard. So, level of customer satisfaction can be
improved through lowering down expectations of customers or improving customers'
perceptions. The two most important issues are perceived in after sales service delivery;
one is operating time and the other is range of service
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About GH Motor Company
G.H Motor Company Annual General Meeting (AGM) was last held on N/A and as per
records from Ministry of Corporate Affairs (MCA), its balance sheet was last filed on
31 March 2021.
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Vision of G.H Motor Company
Visions of any company are those values on which company works. As the GH Motor was
started by Governmental initiatives it tends to be more consumer oriented and hence cost
effective. Corporation ensures not only the need of profit, but of the need of maximum
profit. The company's working vision is to maximize profit and reducing cost by
maximizing output and sales. Hence G.H Motor Company declared its vision as- " T h e
leader in Indian Automobile Industry, creating Customer Delight and Shareholder's Wealth:
eventually become a pride of India"
Customer Delight is making sure that performance, after sales service and customer support
are best and beyond expectation. Where Shareholder's wealth is the prime concern for
running business smoothly. G.H Motor Company knows this and understands - "Customer
is the King and we are the servants", he can change the fortune o fa n y
company, hence goes company's brand line: COUNT ON US!
● Production of large number of motor vehicles which are necessary for economic
growth
Policies of ( GH MOTOR)
A. Archival Policy
Purpose
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Whistle Blower is an corporate context means an employee of the organization who brings
to light an activity which is illegal, unethical or not good for the organization's well being in
a long run. The companies must define a mechanism to handle complaints filled by the
employees. The complaints can be against anybody i.e. CEO/CFO or any other top
executives of the organization. If the identity of the complainant is not protected, there can
be victimization and the person may not continue in the organization.
Purpose
• To ensure that the complaint filled shall be in the coverage of the policy and protection
will be provided to the whistleblower etc.
• To make Employees do protected disclosures to the ombudsman and the ombudsman will
do the initial enquiry.
• To ensure that the identity of the complainant need not be disclosed to the investigating
committee.
C) Policy on Materiality
Purpose
• To ensure that the company complies with the disclosure obligations to which it is subject
as a publicly-traded company as a laid down by the Listing Regulations, various Securities
Laws and any other legislations.
• To ensure that the information disclosed by the Company is timely, transperant and
continuous till the termination of the specific event or information.
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• To protect the confidentiality of Material/Price sensitive information within the context of
the company's disclosure obligations.
• To provide a framework that supports and fosters confidence in the quality and integrity of
information released by the company.
• To ensure uniformity in the company's approach to disclosures, raise awareness and
reduce the risk of selective disclosures
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Chapter 2:- literature Review
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Consumer Satisfaction is related to the human activity directed at satisfying human wants
through the exchange of goods and services. Customer satisfaction (often
Abbreviated as S A T ) , more correctly Sat) is a term frequently used in marketing. It is a
measure of how products and services supplied by a company meet or supass customer
expectation. Customer satisfaction is defined as *the number of customers, or percentage of
total customers, whose reported experience with a firm, its products, or its services (ratings)
exceeds specified satisfaction goals. Customer expectation is the
needs, wants and preconceived ideas of a customer about a product or a service. If customer
expectations are met then the customer is satisfied.
In a survey of nearly 200 senior marketing managers, 71 percent responded that they
found a customer satisfaction metric very useful in managing and monitoring their
businesses. It is seen as a key performances indicator within business and is often part of a
Balanced Scorecard. In a competitive marketplace where businesses complete for
customers, customer satisfaction is seen as a key differentiator and increasingly has become
a key element of business strategy.
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The Zeithaml and Bitner model
The customer satisfaction definitions we saw so far do not factor in some key
parameters - like price, for instance. So, Zeithaml and Bitner went ahead and developed a
customer satisfaction model that not only includes price but also personal factors. Quality
and price are pretty much in control of the product companies or service providers. But how
does one take stock of situational and personal factors? This is where building user personas
come in handy, both for B2B and B2C players
The nature of customer care is very much service oriented as most goods are consumed
at the same time as services are experienced. To satisfy a customer, the supplier needs to
have the services that the customer requires (Davidow, 1986. If the customer perceives a
service in a certain way, but expected less, then the customer is satisfied, as the formula in
Figure 2 shows. People and organizations that use professional services are traditionally
prepared to pay high fees for the services, because of the uncertainty. importance, and risk
involved. The customer wants to know that they get the required attention. A service firm
that is able of project a caring image and backing that image with substance is likely to
success (Master, 1997).
The customer anticipates how the service will be performed and that is added to his/her
expectations. Customers have previous experiences and, based on those experiences,
customers expect a service to be delivered in a certain way, which can be considered
company-controlled expectations creators. Uncontrollable creators are actions of the
competition and word of mouth. Over time these company controllable and uncontrollable
expectationscreators togetherform the customer's standards. Customers compare services
according to certain standards with which they are familiar and those do not necessarily
relate to the service that is performed (Barsky, 1995, Friday and Cotts, 1995 and Oliver,
1996).
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After Sales Service
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CHAPTER 3: RESEARCH METHODOLOGY
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Research Methodology
Research methodology is a way to systematically show the research problem. It may be understood as a
science of studying how research is done scientifically. It is necessary for the researcher to know not only
the research methods but also the methodology.
This Section includes the methodology which includes. The research design, objectives of study, scope of
study along with research methodology and limitations of study etc.
- SAMPLING:-
Sampling refers to the method of selecting a sample from a given universe with a view to draw c on
clusions about that universe. A sample is a representative of the universe selected for study.
SAMPLE SIZE:-
Large sample gives reliable result than small sample. However, it is not feasible to target entire
population or even a substantial portion to achieve a reliable result. Sample size is the number of items to
be selected from population to constitute the sample for the research.
The study has been conducted at G H Motor, Ludhiana with a sample size of Employees of G.H. Motors.
SAMPLING TECHNIQUE:-
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TOOLS OF ANALYSIS:-
Data has been presented with the help of bar graph, pie charts, line graphs etc.
PLAN OF ANALYSIS:-
Tables were used for the analysis of the collected data. The data is also neatly
presented with the help of statistical tools such as graphs and pie charts. Percentages
and averages have also been used to represent data clearly and effectively.
Objectives of Research
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CHAPTER 4. DATA ANALYSIS AND INTERPRETATION
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(1)Perception of consumers related to PRODUCT
Particulars Score
Quality of product 5
Durability of Product 5
Warranty of product 5
Innovation Services 3
From this it can be concluded that the product mix has got positive rating by the
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(2) Perception of consumers related to PRICE
Particulars Score
Grouped price 2
From this it is understood that the Hospital is getting a positive response on the pricing strategy.
Particulars Score
Therefore, it can be said that the promotional mix of hospital is well perceived by the respondents.
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(5) Perception of consumers related to PHYSICAL EVIDENCE
Particulars Score
Tightened security 5
The result reveals that the respondents In the hospital have positive impression about physical evidence.
Particulars Score
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• Perception of consumers related to PRICE
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3.Perception of consumers related to PHYSICAL ENVIRONMENT
Recommendations
Create awareness among the people about XYZ Bearings and its advantages in the markets.
1. Light weight
Create brand awareness of the company which is very low in these markets through low-cost
The company should adopt different strategies for different markets. A state
should be divided into two parts, the developed areas and developing areas.
brand awareness.
► In developing market, the priority should be given to dealers for pushing our product inthe market
XYZ Bearings can sponsor some major motor training school in different cities. In
the process, they can create their brand awareness within the customers.
As the brand awareness is very low in the market, for selling the XYZ bearing, dealers have to
convince the consumers which require extra effort. Till date very less promotional activities
are undertaken by the company. The dealers are getting many attractive schemes from the
competitors; thus, they are more interested in selling their products. Thus, to motivate
dealers, the company should undertake some promotional activities. The following trade
1. The retailer or wholesaler can be persuaded to carry more units than normal amount
3. Retailers and their sales clerks can be stimulated to push the product through various
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CHAPTER 5. FINDINGS / OBJECTIVES
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FINDINGS
Supervisors and Managers should meet at regular intervals with the employees to discuss about the
improvement in the company, at work place and in their living of standard, family problems etc.
Gap between managers and the employees should be reduced by raising the level of engagement. For
example: by conducting extra co-curricular activities like social and cultural programs.
Very few employees feel that their ideas or work aren’t being recognized / appreciated. So they can be
Create good and healthy environment at work place by increasing interactions, credibility, confidence
etc.
Some of the employees find their job boring and monotonous. Encourage them to take part in the job
rotation, job enrichment and other activities being carried out in the organization.
Conduct more of employee engagement activities like mentorship programs, collaborations, cross
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OBJECTIVES
G H MOTOR COMPANY pursues cooperative and balanced growth with its stakeholders, rather than
focusing on its own quantitative growth. We will not only promote an environment where employees
are respected, but will go one step further by adopting human-centered values as our management’s
top priority
Eco-friendly management
Our eco-friendly efforts will not stop at one-time environmental campaigns. Through systematic and
proactive environment-friendly management, we will fulfill our social responsibilities as a global corporate
citizen. Green businesses will be the drivers of our company’s future sustainable growth.
To achieve global competitiveness, we will maximize synergies within our group through a
cooperative system that links our diverse business sectors. We will look beyond quantitative expansion
to provide the highest level of service and quality to our customers.
We realize that G H MOTOR COMPANY is more than just a company; we actually represent a large
corporate community. Therefore, we will pursue mutual growth and co prosperity with all our
stakeholders – including our customers, employees, countries and global society - and ultimately contribute
to a better future for all.
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CHAPTER 7. CONCLUSION
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• By participating in various engagement activities they are able to form a connection with
the organization that makes them feel an important part of it and makes them feel
satisfied.
• Employees in the organization not only actively show participation in the on ground
activities but also participate in the online contests that happen through company’s
intranet.
• Through the coffee sessions with the leaders in the organization are very knowledgeable and
interactive and helps them knowing their organization better, however most of the employees
feel that they should happen on a large scale so that each and every employee gets a chance
to
attend them.
• When talked about the company’s intranet, it was observed that the majority wanted to have
an open blog like Face book where they could connect with the employees in the
organization and simultaneously form groups and share their personal experiences.
• Through the activities done in the organization employees are encouraged to work with
greater efficiency and obtain maximum satisfaction that motivates them to continue with
the
organization
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CHAPTER 8. BIBLIOGRAPHY
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BIBLIOGRAPHY
Books
Websites:
1. www.ghmotorldh.com
2. www.google.co.in
3. Glassdoor app
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CHAPTER 9. QUESTIONNAIRE
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As a part of academic requirement, we are doing a survey to know the automotive aftermarket
and buying behavior of consumers in Kolkata and adjacent places. The data collected is used
only for academic purposes and will be kept confidential. Thank you for your support.
● Two-wheeler
● Three-wheeler
● Four-wheeler
● Commercial Vehicle
● Service at home
● Local Mechanic
● Manufacturer’s Workshop
3. To what extent are you satisfied with repair of your vehicle in terms of its original driving
comfort?
● Very Dissatisfied
● Dissatisfied
● Neutral
● Satisfied
● Very Satisfied
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4. To what extent do you think that a branded spare part is important for your automobiles
● 1
● 2
● 3
● 4
● 5
5. I would always use latest technological upgrades available in the market for the spare
● Strongly Disagree
● Disagree
● Neutral
● Agree
● Strongly Agree
6. To what extent do you depend on automobile spare shop to recommend spare parts?
● Too Little
● Quite a bit
● Too Much
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7.How much are you concerned for you and your family’s safety when you repair your
vehicle?
● Too Little
● About Right
● Too Much
8. I think that higher priced product has better reliability as compared to low-cost products.
● Strongly Disagree
● Disagree
● Neutral
● Agree
● Strongly Agree
9. To what extent are you satisfied with your mechanics claims in terms of genuine parts and
● Very Dissatisfied
● Dissatisfied
● Neutral
● Satisfied
● Very Satisfied
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10. How vital is the accessibility of spare parts for you?(1- least important ; 5- most important)
● 1
● 2
● 3
● 4
● 5
11. I would prefer to go to a repair shop which promises genuine spares as compared to better
services.
● Strongly Disagree
● Disagree
● Neutral
● Agree Strongly
● Agree
12. I would always prefer to buy spare parts on my own rather than going by what mechanics
used.
● Strongly Disagree
● Disagree
● Neutral
● Agree
● Strongly Agree
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