Top Banner

of 17

Avneet Synopsis

Apr 09, 2018

Download

Documents

Ravi Chawla
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
  • 8/8/2019 Avneet Synopsis

    1/17

    INTRODUCTION

    Marketing starts with the consumer. So, consumeris a very important person to a marketer. Consumer

    decides what to purchase, for whom to purchase, why to

    purchase, from where to purchase, and how much to

    purchase. In order to become a successful marketer, he

    must know the liking or disliking of the customers. He

    must also know the Time and the quantity of goods andservices, a consumer may purchase, so that he may

    store the goods or provide the services according to the

    likings of the consumers. Gone are the days when the

    concept of market was let the buyers beware or when

    the market was mainly the sellers market. Now the

    whole concept of consumers sovereignty prevails.The manufacturers produce and the sellers sell whatever

    the consumer likes. In this sense, consumer is the

    supreme in the market. As consumers, we play a very

    vital role in the health of the economy local, national or

    international. The decision we make concerning our

    consumption behavior affect the demand for the basic

    raw materials, for the transportation, for the banking, for

    the production; they effect the employment of workers

    and deployment of resources and success of some

  • 8/8/2019 Avneet Synopsis

    2/17

    industries and failures of others. Thus marketer must

    understand this. Preference (Or "taste") is a concept,

    used in the social sciences, particularly economics. It

    assumes a real or imagined "choice" between

    alternatives and the possibility of rank ordering of these

    alternatives, based on happiness, satisfaction,

    gratification, enjoyment, Utility they provide. More

    generally, it can be seen as a source of motivation. In

    cognitive sciences, individual preferences enable choice

    of objectives/goals. The study of the consumer

    preference not only focuses on how and why consumers

    make buying decision, but also focuses on how and why

    consumers make choice of the goods they buy and their

    evaluation of these goods after use. So, for success of

    any company or product promotion it is very necessary

    to depart its concentration towards consumer

    preference.

    Brand

    Cadbury

    The story of Cadbury Dairy Milk started way back in 1905

    at Bournville, U.K., but the journey with chocolate lovers

    in India began in 1948. The pure taste of Cadbury Dairy

  • 8/8/2019 Avneet Synopsis

    3/17

    Milk is the taste most Indians crave for when they think

    of Cadbury Dairy Milk.

    The variants Fruit & Nut, Crackle and Roast Almond,combine the classic taste of Cadbury Dairy Milk with a

    variety of ingredients and are very popular amongst

    teens & adults. Recently, Cadbury Dairy Milk Desserts

    was launched, specifically to cater to the urge for

    'something sweet' after meals.

    Cadbury Dairy Milk has exciting products on offer -

    Cadbury Dairy Milk Wowie, chocolate with Disney

    characters embossed in it, and Cadbury Dairy Milk 2 in 1,

    a delightful combination of milk chocolate and white

    chocolate. Giving consumers an exciting reason to keep

    coming back into the fun filled world of Cadbury.

    Nestle

    The Company continuously focuses its efforts to better

    understand the changing lifestyles of India and anticipate

    consumer needs in order to provide Taste, Nutrition,

    Health and Wellness through its product offerings. Theculture of innovation and renovation within the Company

    and access to the Nestl Group's proprietary

    technology/Brands expertise and the extensive

  • 8/8/2019 Avneet Synopsis

    4/17

    centralized Research and Development facilities gives it

    a distinct advantage in these efforts. It helps the

    Company to create value that can be sustained over the

    long term by offering consumers a wide variety of high

    quality, safe food products at affordable prices.

    Nestl India manufactures products of truly international

    quality under internationally famous brand names such

    as NESCAF, MAGGI, MILKYBAR, MILO, KIT KAT, BAR-ONE,

    MILKMAID and NESTEA and in recent years the Company

    has also introduced products of daily consumption and

    use such as NESTL Milk, NESTL SLIM Milk, NESTL

    Fresh 'n' Natural Dahi and NESTL Jeera Raita.

    REVIEW OF LITERATURE

    1. Johnnnes Van Houten (2009) on Extraction of

    Chocolate

    Chocolate as we know it The first mention of chocolate being eaten in

    solid form is when bakers in England began adding cocoa powder to

    cakes in the mid 1600s. Then in 1828 a Dutch chemist, Johannes Van

    Houten, invented a method of extracting the bitter tasting fat or cocoa

    butter from the roasted ground beans, his aim was to make the drink

  • 8/8/2019 Avneet Synopsis

    5/17

    smoother and more palatable, however he unknowingly paved the way

    for solid chocolate as we know it.

    2. Julie L. Cidell (2006) on The Multinational

    Histories of Chocolate

    Geographic research on food quality, while considering many of the

    ways in which quality is socially constructed, has largely focused on the

    place-based aspects of the raw materials of food production. Here, we

    use French convention theory to look at a highly processed food in

    order to show how place associations in the social construction of food

    quality extend to manufacturing. For chocolate, quality is based on

    material characteristics whose relative importance in determining

    quality depends on the country in which different stages of economic

    innovation took place.

    3. J.L. Thompson (2006) on Preference Mapping of

    Commercial Chocolate Milks

    The dairy beverage market is a competitive and growing category in the

    food industry. Within this arena, chocolate milks vary widely in flavor,

    color, and viscosity. Understanding what sensory properties drive

    consumer liking is critical for maximum market share. This study was

    conducted to identify and define sensory characteristics of commercial

    chocolate milks and to link these differences to consumer preferences

  • 8/8/2019 Avneet Synopsis

    6/17

    through the application of internal and external preference mapping. A

    sensory language was identified to document the sensory properties

    (visual, flavor, mouthfeel) of chocolate milks. Twenty-eight

    commercial chocolate milks were subsequently evaluated by descriptive

    sensory analysis using the identified sensory language. Thirteen

    representative milks were chosen for consumer acceptance testing

    followed by internal and external preference mapping to identify key

    drivers. Instrumental color and viscosity measurements were also taken.

    4. Bob Doherty (2005) on Article First Published

    Online

    This paper explores the experience of The Day Chocolate Company

    (Day) in connecting small-scale cocoa farmers more directly into global

    markets by making the farmers significant shareholders, and therefore

    equity owners, within this fair trade company. It examines how Day

    combines both social and business goals, thus providing an alternative

    model to conventional international trade. The paper investigates the

    positive impacts that this unique fair trade model has achieved on

    Kuapa Kokoo (Kuapa) members in Ghana from the Fairtrade

    relationship coupled with the equity stake and explores how Day has

    achieved its business goals in what is a highly competitive UK

    chocolate market. Further, it explores the challenges the company has

    faced and the lessons learnt over the past six years. Overall, the paper

    concludes that Day could not have been successful in meeting its

  • 8/8/2019 Avneet Synopsis

    7/17

    objectives without cocoa farmer ownership being at the centre of the

    brand.

    5. A.W. Rudnick(2003) on Abstract

    Factors Affecting Consumer Preference for Chocolate-

    Flavored Milks

    Nonfat (0.5%), low fat (4%), reduced fat (6%), and full fat (9%)

    chocolate ice creams were made. Whey protein and polydextrose wereadded as required so that all formulations contained the same amount of

    total solids. Ice cream was stored at a control temperature of 30C or

    was heat-shocked at 12C. Hardness, viscosity, and melting rate were

    measured through physical methods. Trained panelists conducted

    descriptive sensory analyses of the samples at 0 and 4 wk. Attribute

    ratings were analyzed by analysis of variance and least significant

    difference mean separation. Milk fat at concentrations of 9 and 6%

    produced more creaminess and smoothness, as well as a less intense

    cocoa flavor, than it did at concentrations of 4 or 0.5%. Consumer

    acceptance (n = 98) did not differ among the fresh ice creams. Data

    showed that ice creams containing higher milk fat concentrations are

    better protected against heat shock damage in terms of cocoa flavor and

    smoothness of texture

    6. R.maya (2002) on Growing Age of Cocoa

    http://www.journalofdairyscience.org/article/S0022-0302(69)86778-0/abstracthttp://www.journalofdairyscience.org/article/S0022-0302(69)86778-0/abstracthttp://www.journalofdairyscience.org/article/S0022-0302(69)86778-0/abstract
  • 8/8/2019 Avneet Synopsis

    8/17

    Chocolate is made from the cocoa bean, found in pods growing from

    the trunk and lower branches of the cacao tree, Latin name theobroma

    cacao meaning food of the gods Cacao was corrupted into the more

    familiar cocoa by the early European explorers. The Maya brewed a

    spicy, bittersweet drink by roasting and pounding the seeds of the cacao

    tree with maize and capsicum peppers and letting the mixture ferment.

    This drink was reserved for use in ceremonies as well as for drinking by

    the wealthy and religious elite; they also ate cacao porridge.

    7. Niels Fold (2002) on Grinders and Branders in the

    Global Cocoa-chocolate

    Like most global agro-industrial commodity chains today, the global

    cocoa - chocolate industry is buyer-driven. However, the chain is

    characterized by the lead role of a few transnational companies in two

    different segments: the grinders (processors of cocoa) and the branders

    (manufacturers of chocolate), a structural pattern identified in other so-

    called turn-key industries consisting of contract manufacturers and

    brand-name firms. The paper examines two important spatial sub-

    systems of the chain: the national cocoa bean supply system in Ghana

    and the regional cocoa trading-storing-grinding complex in the

    Zaanstreek, Amsterdam. The structural patterns and relationships in

    these sub-systems suggest that the dynamics of bi-polar buyer-driven

    chains is best comprehended in terms of various types of containment

  • 8/8/2019 Avneet Synopsis

    9/17

    strategies of the leadfirms, i.e. efforts to defend and improve their

    positions on the global market by creating competition among their

    suppliers

    8. R.Ebinazer (2000) on Civilization of Cocoa

    The origin of chocolate can be traced back to the ancient Maya and

    Aztec civilizations in Central America, who first enjoyed chocolaty a

    much-prized spicy drink made from roasted cocoa beans. Throughout

    its history, whether as cocoa or drinking chocolate beverage orconfectionary treat, chocolate has been a much sought after food. The

    drink was described as finely ground, soft, foamy, reddish, bitter with

    chili water, aromatic flowers, vanilla and wild bee honey. The dry

    climate meant the Aztecs were unable to grow cocoa trees, and had to

    obtain supplies of cocoa beans from tribute or trade

    9. R. Januszewska (1999) Quality function

    deployment in the chocolate industry

    The aim of this study is to build a structured approach to food

    development through the House of Quality model with application to

    chocolate couverture. The final concept relates to filled (composite)

    chocolate that, according to definition, is a chocolate with filling

    (pralin) covered by chocolate couverture of not less than 15%. The

    research procedure that consists of the five steps, was developed in

    association with the House of Quality model. First, the market research

  • 8/8/2019 Avneet Synopsis

    10/17

    was conducted to determine the segment of filled-chocolate consumers.

    As a result, a target group of people between 20 and 29 years old was

    found. Second, the behavioural motives of the consumers in the target

    segment were analysed. Then product objective specifications were

    established through physico-chemical and instrumental methods.

    Finally, sensory analyses were performed involving both consumer and

    trained panels. A few significant correlations between instrumental and

    sensory scores were established.

    10. Pamela L. Alreck, (1999) Strategies for building

    consumer brand preference

    The marketers principal objective is typically to build a relationship

    with buyers, rather than merely to make a single sale. Ideally, the

    essence of that relationship consists of a strong bond between the buyer

    and the brand. Outlines six strategies for building that relationship:

    linking the brand to a particular need; associating it with a pleasant

    mood; appealing to subconscious motives; conditioning buyers to prefer

    the brand through reward; penetrating perceptual and cognitive barriers

    to create preference; and providing attractive models for buyers to

    emulate. The choice of an individual strategy or combination depends

    mainly on the nature of the branded product or service. The success of

    the strategy depends heavily on the marketers understanding of the

    preference building and bonding process.

    http://www.emeraldinsight.com/search.htm?ct=all&st1=Pamela+L.+Alreck&fd1=authttp://www.emeraldinsight.com/search.htm?ct=all&st1=Pamela+L.+Alreck&fd1=aut
  • 8/8/2019 Avneet Synopsis

    11/17

    11. John Saunders (1997) on How Names Corporate

    Add Value

    Examines how corporate names add value to branded, fast-moving

    consumer non-durable goods. Uses conjoint analysis to test

    combinations of brand names, corporate names and prices of

    confectionery countlines. The results show that both brand names and

    corporate names add value although some add more value than others.

    The market is price sensitive so pricing above a threshold level wipes

    out much of the influence of corporate and brand names. The

    sensitivities to names and price do not vary with the a priori segment

    tested although natural clusters of customers show differences.

    12. Ricardo Snchez (1997) on Descriptive analysis and

    external preference mapping of powdered chocolate

    milk

    Appearance, texture and flavor descriptors were developed for

    powdered chocolate milk. The influence of cocoa and gum

    concentrations on these descriptors was studied using stepwise multiple

    regression. Out of a total of 23 descriptors, four were non-significant.

    For the significant descriptors, the percentage variance explained

    ranged from 65 to 93%, with an average of 82%. Visual viscosity and

    oral thickness were correlated with instrumental viscosity. Principal

    component analysis showed appearance/texture was explained by four

  • 8/8/2019 Avneet Synopsis

    12/17

    principal components, whilst aroma/flavor was one-dimensional and

    depended on cocoa concentration alone. The circular ideal point model

    was chosen to map consumers on the first two appearance/texture

    principal components. For aroma/flavor, consumers were mapped on a

    single dimension using an ideal point model.

    13. R.K. Srivastava (1996) on Brand Extensions

    India being a melting pot of cultures, offers a diversified market,

    making it difficult for marketers to understand. The objective of this

    study is to examine whether cross-cultural differences exist in consumer

    perceptions of the various attributes in brand extensions. A survey was

    conducted to study the impact of cultural differences on brand

    extensions in the Indian scenario. There is variation in the responses of

    consumers of various regions for Indian and Foreign brand preferences

    as per this study. There also exists variation in response for influence of

    culture and tradition on brand purchase region wise. Cultural

    differences will exist in the rupee amount consumers would expect to

    pay for each product/brand extensions in India. This could be due to

    more analytical and income level of the region. With regards to colour,

    it was found that it was dependent on region and cultures of the

    respondents.

  • 8/8/2019 Avneet Synopsis

    13/17

    14. George S. Yip (1993) on The World Chocolate

    Confectionery Industry

    Using the chocolate industry as a case in point, the authors show how to

    analyze and take advantage of industry factors that either propel or

    weaken the trend toward globalization

    R.T. Marshall 1969 Factors Affecting Consumer

    Preference for Chocolate-Flavored Milks

    With the untrained panel method, consumer preference was evaluated

    for chocolate-flavored milks containing zero, 2, and 3.5% milk fat with

    9, 10, and 12% milk-solids-not-fat at each fat level. In processing the

    milks, seven different cocoa powders were used. Organoleptic

    evaluations an d viscosity measurements were made after two and four

    days of storage at 4.4 C. There was a significantly greater preference for

    2.0 and 3.5% milk fat containing milks at all levels of solids-not-fat

    when compared with the zero per cent milk fat milks, but no significant

    preference between the higher milk fat milks at any solids-not-fat

    content. At zero per cent milk fat, preference increased significantly as

    solids-not-fat increased.

    NEEDS OF THE STUDY

    As learning is a human activity and is as natural, as breathing. Despite

    of the fact that learning is all pervasive in our lives, psychologists do

    http://www.emeraldinsight.com/search.htm?ct=all&st1=George+S.+Yip&fd1=authttp://www.journalofdairyscience.org/article/S0022-0302(99)75369-5/abstracthttp://www.emeraldinsight.com/search.htm?ct=all&st1=George+S.+Yip&fd1=authttp://www.journalofdairyscience.org/article/S0022-0302(99)75369-5/abstract
  • 8/8/2019 Avneet Synopsis

    14/17

    not agree on how learning takes place. How individuals learn is a matter

    of interest to marketers.

    The need of our study restricts itself to the analysis of consumer

    preferences, perception and consumption of Cadbury and Nestle

    Chocolates. There are many other brands of chocolates available but my

    study is limited to two major players of chocolates leaving behind the

    others.

    OBJECTIVES OF THE STUDY

    This project is based on the comparative study consumer behavior

    towards Nestle and Cadbury chocolates. Objectives of the study are:

    1. To compare the customer satisfaction level on the basis of

    quality and taste of Cadbury India and Nestle.

    2. To compare consumption pattern about price, packaging and

    promotional stratergy.3. To find about suggestions of customers related to the

    improvement of brand Cadbury and Nestle.

    RESEARCH METHODOLOGY

    This project is based on information collected from primary sources.

    After the detailed study, an attempt has been made to present

    comprehensive analysis of consumption of Cadbury and nestle

    chocolates consumed by the people. The data had been used to cover

    various aspects like consumption, consumers preference and

  • 8/8/2019 Avneet Synopsis

    15/17

    customers satisfaction regarding chocolates. In collecting requisite data

    and information

    A) Primary Data :

    The primary data is collected on the basis of the survey method

    with the help-

    1. Questionnaires

    2. Interviews

    The number of questionnaires to be filled is hundred as topic is quite

    subjective and target areas are fragmented into various groups of

    students who are school and college going students. Thus the basic

    purpose is to collect maximum information through these segments

    areas.

    B) Secondary Data:

    The secondary data has been collected from books, magazines,

    internet and other publications.

    Sample size of survey1. Total coverage of this study is limited to a small portion of

    the target audience of AGRA.

    2. Sample size of the study is restricted to a 100 viewers only.

  • 8/8/2019 Avneet Synopsis

    16/17

  • 8/8/2019 Avneet Synopsis

    17/17

    PROPOSED PLAN OF STUDY

    Chapter 1 Introduction

    Chapter 2 Review of Literature

    Chapter 3 Data Collection

    Chapter 4 Interpretation & Analysis

    Chapter 5 Conclusion

    REFERENCES

    Web Sites:

    www.nestle.in

    www.business-standard.com www.cadburyindia.com

    www.managementparadise.com

    www.google.com

    Books: Marketing Management Philip Kotler

    Research Methodology C.R. Kothari

    http://www.nestle.in/http://www.business-standard.com/http://www.cadburyindia.com/http://www.managementparadise.com/http://www.google.com/http://www.nestle.in/http://www.business-standard.com/http://www.cadburyindia.com/http://www.managementparadise.com/http://www.google.com/