Professional Documents
Culture Documents
ON
[2021-2024]
Submitted By
PREETI
Enroll no.: 00791101721
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Signature of the scholar
Place: Delhi PREETI
Date: Enrollment no.
00791101721
CERTIFICATE
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Signature of Project In charge
MS. INDERPREET KAUR
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Signature of Guide
Place: Delhi MS. KULNEET KAUR
Date: ----------------------------------
Signature of Scholar
PREETI
ACKNOWLEDGEMENT
With profound sense of gratitude and regard, I express my sincere thanks to my
guide and mentor Ms. KULNEET KAUR for her valuable guidance and the
confidence she instilled in me, that helped me in the successful completion of
this project report. Without her help, this project would have been a distant
affair, her thorough understanding of the subject and professional guidance was
indeed of immense help to me.
I am also greatly thankful to the faculty member of our institute who co-
operated with me and gave me their valuable time.
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Signature of the scholar
Place: Delhi PREETI
Date: Enrollment no. 00791101721
CHAPTER I:
INTRODUCTION
INTRODUCTION
India has an internet user base of about 354 million as of June 2015. Despite
being third largest user base in world, the penetration of e-commerce is low
compared to markets like the United States, United Kingdom or France but is
growing much faster, adding around 6 million new entrants every month. The
industry consensus is that growth is at an inflection point. In India, cash on
delivery is the most preferred payment method, accumulating 75% of the e-
retail activities Demand for international consumer products (including long-tail
items) is growing much faster than in-country supply from authorized
distributors and e-commerce offerings. Flipkart is an e-commerce company
founded in 2007 by Sachin Bansal and Binny Bansal. It is a Singaporean
company which operates in India, where it is head quartered in Bangalore,
Karnataka. Flipkart has launched its own product range under the name
‘DigiFlip’ with products including tablets, USBs, and laptop bags. Flipkart
allows payment methods such as cash and delivery, credit or debit card
transactions, egift voucher and cards swipe on delivery. Initially, they had spent
₹ 400,000 only for making website to set up the business. Flipkart has later
raised funding from venture capital funds Accel India (US$1 million in 2009)
and Tiger Global (US$10 million in 2010 and US$20 million in June 2011). On
6 October 2014 Flipkart launched a promotion called 'Big Billion Day' with the
intention to increase the popularity of their website by targeting a billion sales
in 1 day. This, even though Flipkart achieved the target, led to public outcry and
widespread criticism among consumers, competitors and partners, heavily
damaging its reputation. Many users could not place orders because of high
server load and errors which led to frustration among customers. Many users
who placed orders received emails stating that their orders were cancelled. Most
of the products were sold for less than cost price, and Flipkart was accused of
killing competition. Major competitors filed complaints against Flipkart to the
commerce ministry, claiming that selling products lesser than cost prices is
against the commerce policy of the country. The Ministry said that they would
formulate new trade rules for electronic retail after this incident.
In September 2015, Sachin Bansal and Binny Bansal entered Forbes India Rich
List debuting at the 86th position with a net worth of $1.3 billion each
. Co-Founder of Flipkart, Sachin Bansal, got Entrepreneur of the Year Award
2012-2013 from Economic Times, leading Indian Economic Daily.
Flipkart.com was awarded Young Turk of the Year at CNBC TV 18's 'India
Business Leader Awards 2012' (IBLA).
Flipkart.com- got Nominated for India MART Leaders of Tomorrow Awards
2011
1. History
Flipkart (Company) was founded in 2007 by Sachin Bansal and
Binny Bansal, both alumni of the Indian Institute of Technology
Delhi. They worked for Amazon, and left to create their new
company incorporated in October 2007 as Flipkart Online Services
Pvt. Ltd. The first product they sold was the book Leaving Microsoft
to Change The World to a customer from Hyderabad. Flipkart now
employs more than 33,000 people. Flipkart allows payment methods
such as cash on delivery, credit or debit card transactions, net
banking, e-gift voucher and card swipe on delivery. After failure of
its 2014 Big Billion Sale, Flipkart recently completed the second
edition of Big Billion Sale held between October 13 and 17. Where it
is reported that they saw a business turnover of 300 million in gross
merchandise volume.
2. Priorities and focus Flipkart is going big on kids. India's largest
ecommerce company has marked children as a "high focus" category
in the fashion segment for the coming year and has announced the
launch of 'Flipkart Li'l Stars'— a store dedicated to children on its
platform. Sales volumes of children's clothing and accessories grew
more than three times in the past year, contributing more than 10
per cent to Flipkart's overall fashion business. They're expected to
increase five-fold in the year ahead.
3. Vision and Mission VISION The vision of the company is to
become Amazon of India. MISSION The mission of the company is
to provide a delightful customer experience.
Name Title
REVIEW OF LITERATURE
Sohn and Ahn (1999) showed that consumers’ knowledge affects
their adoption of e-commerce. Liang and Huang (1998) Found that
customer’s experience an important factor in online purchasing. Kim
and Kwon (1999) contended that a consumer whose lifestyle is more
progressive and assertive in leisure activities use the internet more
frequently and searches information through the internet more often.
Limayem, Khalifa (2003) added personal innovativeness as another
personal characteristic in order to online shopping. Yang and Cho
(1999) examined the impact of consumers need for cognition, and
search objectives on consumer information search through the
internet. Investing in consumer satisfaction from the online
experience and creating brand or site loyalty are critically important
for companies that want to have a long run presence on the Web.
There are two approaches taken to induce loyalty into consumers in
an online context. One approach is to focus on concrete factors. For
example, creating a convenient and well-designed online store and
offering secure transactions are the keystones of satisfying e-
consumers (Szymanski and Hise, 2000). However, all satisfied
consumers do not become loyal. Personalization attempts and
increasing the social value of online experiences are very important
to make consumers build strong brand relationships in the cyber
world. Although Nunes and Kambil (2001) argue the opposite, some
studies find that personalized Web sites and customer communities
are highly influential on the consumer brand relationship especially
for experienced Internet consumers (Thorbjornsen, 2002). Besides,
businesses that can create trust and increase the perceived value of
online shopping can turn their satisfied consumers into loyal ones in
the e-marketing environment, too (Anderson and Srinivasan,(2003).
The online environment accommodates so many opportunities for
creating loyalty that even offline offerings can be effectively
facilitated with supporting after sale services provided through the
Web (van Riel et al., 2004).
The strategies that marketers are using have not adequately
addressed the changing demands of the consumer to ensure customer
satisfaction (Day & Landon, 1977). The marketing function limits the
scope of marketing strategies in operating successfully online. New
electronic communication marketing variables have exploded the
alternatives available to customers globally. These changes have
redefined many of the old views of marketing, trade and power.
Furthermore, many researchers recognize and accept that customer
satisfaction is a logical measurement of success in market exchanges
(Dubrovski, 2001). Adrita Goswami (2013). Studied “Customer
Satisfaction towards Online Shopping with Special Reference to
Teenage Group of Jorhat Town” study concludes that online
customers are Satisfied. This research explicitly indicates that online
marketer should give more importance on price factor and after sale
factor. In this competition era all the online marketers should have to
concentrate on the customer’s satisfaction to retain the existing
customers and have to offer new scheme day by day to attract the
new customers. Alam and Yasim (2010) reported that that website
design, reliability, product variety and delivery performances are the
four key factors influencing consumers’ satisfaction of online
shopping. Ahn (2004); Lee and Joshi (2007); found that delivery
performance has significant influence on customer satisfaction. Vyas
and Srinivas (2002), in their paper stated that majority of the
internet users were having positive attitude towards online buying of
products/services. There exists a need for developing awareness
about consumers’ rights and cyber laws. They also emphasized on
better distribution system for online products. Crawford, (1997) in
his paper said that traditional consumer behaviour shopping has its
own model, which the buying process starts from the problem
recognition, information search, evaluation of alternatives, then
purchase, and at last post purchase behaviour. The lists of factors
having a positive or negative impact on consumers’ propensity to
shop do not seem to be very different from the considerations
encountered in offline environments. However, the sensitivities
individuals display for each variable might be very different in online
marketplaces. Factors like price sensitivity, importance attributed to
brands or the choice sets considered in online and offline
environments can be significantly different from each other
(Andrews and Currim, 2004).Uncertainties about products and
shopping processes, trustworthiness of the online seller, or the
convenience and economic utility they wish to derive from electronic
shopping determine the costs versus the benefits of this environment
for consumers. Further studies aiming to complete the full set of
factors influencing consumers’ repurchase intentions are still much
awaited. Chary and Christopher (2003) stated that e-commerce is
today providing the infrastructure to communicate and share
information between the buyers and sellers. But the main drawback
in India is that most of the Indian consumers are from the rural,
backward areas and they are not aware of the electronic
transactions. Also in the urban areas most of the consumers are not
aware of this. So, in the light of these facts which constitute the
emotional factors, can we think that e-commerce in India is going to
affect the beliefs, values, culture, preferences and fashions of the
consumers? The major challenges are technology component,
internet infrastructure and payment related issues. The answer to the
challenges posed by the Indian market essentially lies in cyber retail
networks (networks of retail outlets on the net) connected through
the very small aperture terminals (VSATs). The three big advantages
of e-commerce-vast choice, economy in transactions and a wealth of
information tend to set the mind of consumer to move into electronic
market and so the excitement of e-commerce will be building up
away from the metros moving towards rural India.
CHAPTER V:
RESEARCH METHODOLOGY
STUDY OBJECTIVES
The specific objectives of the study will be:-
To evaluate factors that attracts consumer to buy online.
To know customer preferences regarding online purchase.
To rate overall online shopping experience.
METHODOLOGY AND DATA COLLECTION
SCOPE OF STUDY
The study is conducted in Angamaly. The study attempts to analyze
e-commence market in India with special reference to flipkart.
SAMPLING METHOD
It can be defined as the process of selection of individuals from total
population for the purpose of studying the research problem.
TOOLS FOR ANALYSIS
The collected data are analyzed using tables, graphs and pie charts.
LIMITATIONS OF STUDY
The shortage of time and money will limit the number of samples
into minimum.
The consumers of the services provided by flipkart are spread all
over world, but this study is conducted only among the consumers of
Angamaly. Lack of availability of data.
The time available for study is less.
REFERENCE
www.wikipedia.com
www.google.com
CHAPTER VI:
DATA ANALYSIS
The purpose of every research study is to draw conclusion. Hence
after the data has been collected it must be processed and analysed to
draw conclusions. The editing, coding and tabulating is must when
the interviewer has a huge amount of data concerning the research
project at hand. The process of evaluating data using analytical and
logical reasoning to examine each component of the data provided.
This form of analysis is just one of many steps that must be
completed when conducting a research experiment. Data from
various sources is gathered, reviewed and analysed to form some sort
of findings and conclusions. It is through systematic analysis that the
underlying features of the data are revealed and valid generalisation
is arrived at.
The analysis is basically aimed at giving interference or associations
or difference between the various variables present in the research.
The collected data was analysed by using diagrams, graphs, charts
etc..
The conclusion summery and recommendations are based on the
statistical analysis and interferences drawn. This chapter mainly
focuses on the analysis and the interpretation of the data collected
from the field. A structured questioner helped to get information
from the respondents. Questioners are given to different category of
people and it consists of 19 question in total. In this project
researches collects data from 50 respondents through questioners.
These data are systematically analyzed and interpreted in this
chapter. Here researchers analysed data using table charts and pie
charts for easy understanding.
Table 5.1
Table showing gender of online consumers
Male 35 70
Female 15 30
Total 50 100
Figure 5.1 Pie chart showing gender of online consumers
Interpretation: In this survey 70% of the respondents are male and the balance
30% are female which indicates that men prefer online marketing than women.
Table 5.2
Table showing age group of online consumer
Figure 5.2
Graph showing age group of online consumer
Interpretation:
This analysis showcases the participation of people in the online marketing
which include 54% youngsters, 32% of middle age and only 8% and 6% of
children and senior citizen respectively. This indicates that youngsters are more
active in online shopping than any other category of age group.
Table 5.3
Table showing whether they shop online
Figure 5.3
Figure showing whether respondents shop online
Interpretation:
This table shows that out of 50 people only 86% prefer online marketing while
14% does not.
Table 5.4
Table showing how often they shop online.
Figure 5.4
Figure showing how often do they shop online.
Interpretation: This analyses that 58% of the respondents shop once in a month and the others
prefer shopping once in a week, once in 6 months and once in a year in the same ratio of 14%.
Table 5.5
Table showing reasons for shopping online.