Professional Documents
Culture Documents
MPR File 2
MPR File 2
(2019-2022)
DECLARATION
……….…………………………..
Name of scholar:
RAKSHIT BISHT
CERTIFICATE
………………………….
(Signature of HOD)
………………………….
(Signature of guide)
...................................
RAKSHIT BISHT
ACKNOWLEDGEMENT
I would like to take the opportunity to thank and express my deep sense
of gratitude to my mentor MS. NAVJOT KAUR. I am greatly indebted
to her for providing their valuable guidance at all stages of the study,
advice, constructive suggestions, positive and supportive attitude and
continuous encouragement, without which it would have not been
possible to complete the project.
………….………………………
RAKSHIT BISHT
Enrolment number:6690201719
TABLE OF CONTENTS
1. Certificate 3
2.
Acknowledgement 4
7. Chapter-5 Conclusion 52
8. Bibliography 53
9. Annexure 54-56
1 Gender of Respondents 28
2 Age of Respondents 29
3 Frequency of Shopping 30
4 Source 31
5 Speed of Delivery 32
6 Website Interface 33
7 Value of Money 34
8 Satisfaction Level 35
9 Product Quality 36
10 Services 37
11 Factors 38
CHAPTER-1
INTRODUCTION TO INDUSTRY
INTRODUCTION
E-commerce is the buying and selling of good or services via the internet,
and the transfer of money and data to complete the sales. It’s also known as
electronic commerce or internet commerce.
E-commerce has transformed the way business is done in India. The Indian E-
commerce market is expected to grow to US$ 200 billion by 2026 from US$
38.5 billion as of 2017. Much of the growth for the industry has been triggered
by an increase in internet and smartphone penetration. As of August 2020, the
number of internet connections in India significantly increased to ~760 million,
driven by the ‘Digital India’ programme. Out of the total internet connections,
~61% connections were in urban areas, of which 97% connections were
wireless.
HISTORY
The concept of e-commerce first formally came forth in 1991, a time when
internet practically did not even exist in India. Even worldwide, very few could
fathom that the act of buying and selling goods and services over the internet,
would be as widely accepted a practice, as it is today. By the late ’90s, people
became aware of this thing called the internet, but for a majority of them, it
remained a luxury they did not particularly need. In a truly Indian manner, it
was only in 2002, when the IRCTC introduced an online reservation system,
that the public widely accepted the internet as something fruitful, by which time
a company named Amazon, was already beginning to create a few murmurs in
the US.
ABOUT E-COMMERCE
There are four main types of ecommerce models that can describe almost every
transaction that takes place between consumers and businesses.
Examples of Ecommerce: -
E-commerce can take on a variety of forms involving different transactional
relationships between businesses and consumers, as well as different objects
being exchanged as part of these transactions.
1. Retail:
The sale of a product by a business directly to a customer without any
intermediary.
2. Wholesale:
The sale of products in bulk, often to a retailer that then sells them directly to
consumers.
3. Drop shipping:
The sale of a product, which is manufactured and shipped to the consumer by a
third party.
4. Crowdfunding:
The collection of money from consumers in advance of a product being
available in order to raise the start-up capital necessary to bring it to market.
5. Subscription:
The automatic recurring purchase of a product or service on a regular basis until
the subscriber chooses to cancel.
6. Physical products:
Any tangible good that requires inventory to be replenished and orders to be
physically shipped to customers as sales are made.
7. Digital products:
Downloadable digital goods, templates, and courses, or media that must be
purchased for consumption or licensed for use.
8. Services:
A skill or set of skills provided in exchange for compensation. The service
provider’s time can be purchased for a fee.
CUSTOMER SATISFACTION
• Product quality
• Premium Outflow
• Return on Investment
• Services
and you can't figure out why they're unhappy. If people churn faster than you can
acquire new customers, your business will fail.
COMPANY PROFILE
Vision: To make the world a more stylish, colourful and happier place.
Mission: Use technology to democratize fashion & lifestyle and help people
look good.
HISTORY: -
In 2011, Myntra began selling fashion and lifestyle products and moved away
from personalisation. By 2012 Myntra offered products from 350 Indian and
International brands. The website launched the brands Fastrack Watches and
Being Human.
On 10 May 2015, Myntra announced that it would shut down its website, and
serve customers exclusively through its mobile app beginning 15 May. The
service had already discontinued its mobile website in favour of the app.]
Myntra justified its decision by stating that 95% of traffic on its website came
via mobile
devices, and that 70% of its purchases were performed on smartphones. The
move received mixed reception, and resulted in a 10% decline in sales. In
February 2016, acknowledging the failure of the "app-only" model, Myntra
announced that it would revive its website.
In January 2021, Myntra changed its logo, after a police complaint was
registered that the logo resembles a naked woman. The complaint was filed by a
woman named Naz Patel, who runs an NGO called A vesta Foundation.
MYNTRA OBJECTIVES
MYNTRA PRODUCTS
It has adopted B2C business model and operates via its website and mobile app.
Its products are for men, children and women and includes:
Myntra is very responsive to market trends and always keeps the latest designs
and merchandise in its online catalogue. There has also been a change in the
marketing strategy pursued by Myntra over the years, from focusing primarily
on establishing the brand as an online shopping portal for fashion and
accessories to extending to the realm of communicating the advantages of
shopping online and ridding consumers of the inherent reservations of making
online purchases. The brand’s core marketing mediums include the digital
platform, especially Facebook and the electronic medium, with a majority of the
marketing expenditure towards youth-centric channels. Myntra has used mostly
viral marketing and internet for its popularity coupled with occasional discounts
and referral discounts. Myntra.com understands its shoppers’ needs and caters to
them with choice of apparel, accessories, cosmetics and footwear from over 500
leading Indian and international brands. Prominent brands include Adidas, Nike,
Puma, Catwalk, Inc 5, United Colours of Benetton, FCUK, Timberland, Evirate,
FabIndia and Biba to name a few.
Nykaa
Shop Clues
Lime road
Naaptol
Fashion and You
Yepme
HomeShop18
W for Woman
Amazon
Koovs
Together they have raised over 27.8B between their estimated 1.6M
employees. Myntra's revenue is the ranked 5th among its top 10 competitors.
The top 10 competitors average 35B. Myntra has 5,000 employees and is ranked
4th among its top 10 competitors. The top 10 competitors average 50,459.
Myntra's value proposition revolves around giving consumers the power and
ease of purchasing fashion and lifestyle products online. Offerings such as the
largest in-season product catalogue, 100% authentic products, cash on delivery
and 30day return policy make Myntra,
the preferred shopping destination in the country. To make online shopping easi
er for you, adedicated customer connect team is on standby to answer your
queries 24x7.
ACHIEVEMENTS
In 2016, the company was awarded with “India’s Most Admired &
Valuable Power Brand Award 2016”.
CHAPTER-2
RESEARCH METHODOLOGY
Research is the process of systematic and in-depth study or search for any
particular topic, subject or area of investigation, backed by collection,
compilation, presentation and interpretation of relevant details or data.
Research methodology is a way to systematically solve the research problem.
It may be understood as a science of studying how research is done
scientifically.
The current study focuses on the customer satisfaction from Myntra. There is a
vast growth in the number of mobile users nowadays. People were adopting
themselves to the emerging technology; hence smart phone usage is rapidly
increasing. As, there were a greater number of smart phone brands in the market
people like to purchase things by a single click with the help of mobile
This study deals with the customers satisfaction from Myntra towards the
following aspects of online shopping and how the presence or lack of these
aspects in an online shopping environment affects customer satisfaction.
To know their brand loyalty.
To know about which purchase type people prefer most.
To find out the satisfaction level.
To find out the price range that people prefer most.
To find out the frequency of purchasing.
To find out the factors that attracts them towards website.
4. To find out the factors that attracts the customers towards Myntra.
7. To know the consumers awareness and perception about the products and
services.
2.6 Sampling
In this study the sample area is restricted to Delhi and Delhi NCR.
The sampling Unit is the entity to which we have to follow during the
whole research study. In the context of the project study, the sampling
The study suffers from a few limitations, which will have to be kept in
mind for the findings to be fairly interpreted
CHAPTER-3
DATA ANALYSIS AND INTERPRETATION
1. Percentage Analysis
2. Graphs
Graphical representations are used to show the results in simple form. The
graphs are prepared on the basis of data that is received from the percentage
analysis.
Interpretation: -
Gender of respondents
43.3% of the respondents were found to be males, with the female constituting
56.7%. This means majority of the respondents were female.
Interpretation: -
Age of the respondents
11.7% of the respondents are less than 20 years, 55%(Majority) of the
respondents are came from the age range of 20-25 years, 3.3% of the
respondents are from the age range of 25-30 years and 0% of the respondents
are 30 years and above.
Interpretation: -
Frequency of shopping from Myntra
0% of the respondents shop weekly, 15% of the respondents shop monthly,
33.3% of the respondents shop once in 2-3 months, 10% of the respondents
shop once in a year and remaining 41.7% of the respondents shop very rarely
from Myntra.
Interpretation: -
Source from where the respondents heard about Myntra
26.7% of the respondents heard it from social media, 48.3% of the respondents
came to knew about Myntra through advertisements, 23.2% of the respondents
heard from a friend/family and 1.7% of the respondents saw it in a newspaper.
Interpretation: -
Speed of delivery
13.3% of the respondents are very satisfied, 38.3% of the respondents are
satisfied, 41.7% of the respondents are neutral, 5% of respondents are
dissatisfied and 1.7% of the respondents are dissatisfied with the speed of
delivery of Myntra.
Interpretation: -
70% of the respondents liked the website interface of Myntra, 28.3% of the
respondents thought it can be improved and remaining 1.7% of the respondents
didn’t like the website interface of Myntra.
Q7. How would you rate the value of money for the product?
Interpretation: -
Value of money
6.7% of the respondents rated 1, 3.3% of the respondents rated 2, 10% of the
respondents rated 3, 31.7% of the respondents rated 4, 33.3% of the respondents
rated 5 and 15% of the respondents rated 6.
Interpretation: -
Experience with Myntra
18.3% of the respondents are very satisfied, 38.3% of the respondents are
satisfied, 33.3% of the respondents are neutral, 8.3% of respondents are
dissatisfied and 1.7% of the respondents are dissatisfied with their experience at
Myntra.
Interpretation: -
21.7% of the respondents thinks that Myntra’s product quality is excellent, 35%
of the respondents thinks that it is very good, 20% of the respondents thinks that
it is good, 16.7% of the respondents thinks that it is average and 6.7% of the
respondents thinks that Myntra’s product quality is poor.
Interpretation: -
18.3% of the respondents likes easy shopping service quality, 28.3% of the
respondents likes discounts and deals, 26.7% of the respondents likes cash on
delivery, 25% of the respondents likes product variety and 1.7% of the
respondents likes instant return service.
Interpretation: -
Factors considered before shopping from Myntra
23.3% of the respondents checks product rating, 41.7% of the respondents
checks product review, 25% of the respondents compare prices with other
websites, 8.3% of the respondents checks discounts and 1.7% of the respondents
checks cash on delivery.
Interpretation: -
68.3% of the respondents purchase clothes from Myntra, 8.3% of the
respondents purchase bags, 20% of the respondents purchase accessories, 0% of
the respondents purchase home appliances and 3.3% of the respondents
purchase nothing from Myntra.
Yes 56 95.5%
No 4 4.5%
Total 60 100%
Interpretation: -
95.5% of the respondents thinks that their personal details are safe with Myntra
whereas 4.5% of the respondents thinks that their personal details are not safe
with Myntra.
Interpretation: -
31.8% of the respondents are satisfied with after sales services, 50% of the
respondents are not satisfied whereas 18.2% of the respondents have neutral
response.
CHAPTER-4
FINDINGS AND SUGGESTIONS
FINDINGS
Majority of the respondents are Females.
Majority of the respondents are between the age group of 20-25 years.
Majority of the respondents shop once in 2-3 months from Myntra.
Majority of the respondents heard from newspapers about Myntra.
Majority of the respondents are neither satisfied nor dissatisfied with the
speed of delivery of Myntra.
Majority of the respondents likes the website interface of Myntra.
Majority of the respondents rated 4(very good) for the value of their
money (for the product they buy from Myntra).
Majority of the respondents are satisfied with their experience with
Myntra.
Majority of the respondents thinks that Myntra’s product quality is very
good as compared to its competitors.
Majority of the respondents likes discounts and deals service offered by
Myntra.
Majority of the respondents checks product review before buying it from
Myntra.
Majority of the respondents buys clothes from Myntra.
Majority of the respondents thinks that their personal details are safe with
Myntra.
Majority of the respondents are not satisfied with the customer services of
Myntra.
SUGGESTIONS
Promotional activities for online shopping can be made more effective to
attract even more customers.
There should be increase in level of importance.
Product rate should be reasonable.
The customer problems should be solved on time so that would add more
value to their assets.
The company can also improve their services in terms of delivering the
products and also make it more convenient to customers.
Company should focus on price so that more customers buy from it.
Myntra should focus on the review given by customer and make changes
according to that.
User Experience: Portal should continuously aim to work to improve the
user experience by adding more & more innovative features in the
website like virtual trial rooms etc. In this competitive world to
differentiate via user experience, the ultimate winner will be the Indian
online consumer.
CHAPTER-5
CONCLUSION
The thorough study is based on the consumer behaviour analysis which serves a
great idea regarding consumer perception when they go for online shopping. In
order to satisfy themselves consumer perceive many things before buying
products and they will be satisfied if the company meet their expectation. The
Overall Brand Value of Myntra is good, but it is facing some tough competition
from its global competitors like Amazon and Nykaa.
As from the entire study we came to know that, customers rely heavily on
quality and if not provided with good quality to them they can shift to the other
company. Talking about domestic market i.e India, it is the most superior E-
business portal which is aggressively expanding & planting its roots deep into
the Indian market & at the same time shifting the mind-set of the people from
going & shopping from physical store to online stores, which is magnificent. Be
very focused on consumers and build amazing experiences for the customers.
BIBLOGRAPHY
https://en.wikipedia.org/wiki/Customer_satisfaction
https://en.wikipedia.org/wiki/E-commerce
https://www.myntra.com/
https://en.wikipedia.org/wiki/Myntra
Others
C. R. Kothari, Research Methodology [New Age Publications], Second
Edition.
Kenneth E. Clow and Donald E. Baack, Integrated advertising,
Promotions and Marketing Communications, [Pearson], Third Edition.
Measuring Customer Satisfaction, Third Edition: Survey Design.
Philip Kotler, Marketing Management [Tata McGraw Hill].
ANNEXURE
QUESTIONNAIRE
Q1. Gender
a) Male
b) Female
c) Prefer not to say
Q7. How would you rate the value of money for the product?
(Not satisfied) 1 2 3 4 5 6 (Satisfied)