Summer Project Report On “Consumer Behavior towards xuv segment cars” Submitted for partial fulfillment of requirement for the award of degree Of Master of Business Administration Of GRAPHIC ERA UNIVERSITY DEHRADUN (UTTRAKHAND) Session 2010-12 Under the Supervision of Submitted By Prof. Sanjeev Arora Priyank Mehrotra Faculty of Management Studies Roll No-1401071 Enrolment No-11141071
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Summer Project Report
On
“Consumer Behavior towards xuv segment cars”
Submitted for partial fulfillment of requirement for the award of degree
Of
Master of Business Administration
Of
GRAPHIC ERA UNIVERSITY
DEHRADUN (UTTRAKHAND)
Session 2010-12
Under the Supervision of Submitted By
Prof. Sanjeev Arora Priyank Mehrotra Faculty of Management Studies Roll No-1401071
Enrolment No-11141071
FACULTY OF MANAGEMENT STUDIES
GRAPHIC ERA UNIVERSITY
Preface
Classroom teaching helps the student by making conceptual base clear, but on the job training is
a way, which helps the students to get the applied knowledge of the concept. Normally the
students are not aware of the actual requirement of practical field, keeping in view this fact; a
system of summer training has been established to make the students acquainted of actual
difficulties that are to be faced in the demanding corporate sector.
Summer training at J.K CEMENT, has given me a great experience. I was required to
prepare a training report on the topic “Study of consumer Preference of J.K Cement ”. The
managers of the entire department helped me a lot to prepare this report.
DECLARATION
I hereby declare that the project report entitled”consumer behaviour towards xuv segment
carst”submitted for the Degree of Master Of Business Administration,is my original work and
the project report has not formed the basis for the award of any degree,diploma,associate
ship,fellowship or similar other titled.It has not been submitted to any other University or
institution for the award of degree.
(singnature of student)
Name of student
CERTIFICATE BY GUIDE
I have the pleasure in certifying that Mr.Priyank Mehrotra.is the student of Grapich Era
University of the Master,s Degree in Business Adminstration(MBA).His university Roll No
1401056.
He has completed his project work Title as”consumer preference of jk cement”under the
guidance.
I certify that is his original effort and has not been copied from any other source.This project has
also not been submitted in any other University for the purpose of award of any Degree.
This project fulfill the requirement of the curriculum prescribed by the Grapic Era
University,Dehradun for the said course.
I recommend this project work for evaluation and consideration for the award of Degree to the
student.
Signature:
Name of the Guide:
Table of Contents
SL.No. Topics Page No.
1 ACKNOWLEDGEMENT
2 EXECUTIVE SUMMARY
3 RESEARCH OBJECTIVES
4 SCOPE OF THE STUDY
5 COMPANY STUDY
6 REVIEW OF LITERATURE
7 RESEARCH METHODOLOGY
8 DATA INTERPRETATION AND ANALYSIS
9 FINDINGS5
10 QUESTIONNAIRE
11 RECOMMENDATIONS
12 LIMITATIONS
13 CONCLUSION
14 BIBLIOGRAPHY
ACKNOWLEDGEMENT
I express my sincere thanks to my project guide.Dr. M.P.Singh. faculty of management Deptt.,for guiding me right form the inception till the successful completion of the project.I also guidance during the presentation of this project report.I am grateful to Faculty of Management Studies of Graphic Era University Dehradun.
I wish to record my sincere thanks to our Parents, family members, relatives and our friends for their help and cooperation throughout our project and for providing us support, encouragement and suggestions at every stage of our research
My thank are due to those who have helped in collecting data or analysis or typesetting etc.
(Signature of student)
Name of student
Executive Summary
Times have never been so good for the Indian cement industry. The robust earnings growth
posted by cement companies since last eight quarters has been unprecedented. Strong demand
and slower capacity addition has resulted into cement prices perking up by almost 35 to 50
percent over last two years.
We believe the purple patch for cement companies is likely to continue for another four to five
quarters till the new capacities get commissioned although the earnings would see moderate
growth going forward due to high base effect. There is no room for dramatic rise that has been
witnessed over past five quarters marked by reversal in cement cycle. From longer tern
perspective, we believe cement companies would feel the pressure on margins post December
2007, both on account of rising cost as well as vanishing pricing power, at least in some pockets
across India.
Cement is a commodity business characterized by peak & trough phases. After three years of
boom, the industry is close to its peak & the way cement companies are rushing up to cash in on
the boom by expanding furiously does not sound conducive from investment perspective. In the
given scenario, we remain neutral on the sector per se. There is nothing to suggest pressing panic
buttons as of now but the outlook may turn negative in case supply continues to grow at frenzied
pace. From long term horizon, we believe it’s time to lighten cement portfolio & adopt bottom
up approach rather than going gung ho about the sector.
Driven by solid earnings over next three quarters, cement stocks will continue to attract the
market fancy. That is the best time to reshuffle cement portfolio in favour of potential
frontrunners. Based upon location, cost efficiency, competitiveness, cap-ex plans & financial
performance, we recommend a few winners that will outpace the peers. The best Investment
strategy would be to exploit every rise to exit weak cement stocks & accumulate the winning
stocks.
Management Problem
To know the consumer behaviour on J.K cement and factors affecting their purchase.
Objective
The project is carried out for knowing the consumer behaviour on J.K cement and factor affecting their purchase. The project will be done in Gurgaon. I will take market players in cement industry. They are ACC, Ambuja, Jaypee, Shree, Binani, bangur and JK.
Research Methodology
The descriptive nature of the research necessitated collection of primary data from retailers of cement through market survey. Personal Interview method will be used and interview would be conducted through ‘structure questionnaire’. With the help of the Questionnaire I will try to analyze each n every factor which is responsible for the satisfaction level of the retailers, dealers, LABOUR (mistri‘s) and consumers toward JK cement and its competitors. Study will also include market demand for the cement, market share, and competitor’s analysis to know the exact position of cement in the market.
Sampling Technique
Random Sampling technique will be used to select the retailers and consumer. 90 respondents will be taken including retailers, dealers, labours (mistri’s), consumer (of age group 30 and above, both and female and income level above 4 lac per annum).
The project will be carried out for 50 days. After collecting the detailed information from the market, analysis of data will be made.
Research and Design
Introduction Objectives Scope and Limitation
Introduction
Today it is fashionable to talk about the new economy. We hear that the business are operating in globalize economy; things are moving at a nanosecond pace our market are characterized by hyper competition and disruptive technologies are challenging every business and so business must adopt to empower consumer.
To become successful in such a competitive environment the business organizations have to be customer oriented. Customers need and want must be taken care of.” Built customer and not only products”. Customer must be delighted. This information about the market could be collected by the way of proper market survey.
The information about the market will be gathered by visiting retailers, dealers, customers in the market. Interview of retailers was taken depending upon their accessibility.
While doing the project attempt will be made to collect maximum information about the market. To get actual and correct information, it will not be told retailers; dealers etc. that the survey is conducted by JK Cement for the obvious reasons .Number of retailers, dealers were visited to get the actual picture of the market. Again, the retailers of each grade (according to the performance) will be visited, to get each and every detail about the market.
After collecting the derailed information about the market analysis is done. In the analysis, we will try to suggest the observation would be carefully analyzed and suggestion would be given to management that how they can improve their branding strategies in this cluttered market.
Objective of the Project
The main objective of the project is to study the consumer behaviour on J.K Cement and factors affecting its purchase.
To attain the main objective other sub objective are needed to be achieved. These are listed below:
To know the customer preference for the brands of cement. To know the preference of dealers for sorting different brands of cement. To know the effectiveness of advertisements. To know various purchase decision influencer factors. To know the best advertisement medium.
Thus it attempt to find ways to increase market share, to increase customer satisfaction and thus increase the business prospects.
Scope of the Study
The study can help in analyzing certain weak point, improving on which a company can overcome the low sales of its cement but only in jaipur region.
INTRODUCTION
Cement Industry in India
Cement Industry in India is on a roll at the moment. Driven by a booming real estate sector,
global demand and increased activity in infrastructure development such as state and national
highways, the cement industry has witnessed tremendous growth. Production capacity has gone
up and top cement companies of the world are vying to enter the Indian market, thereby sparking
off a spate of mergers and acquisitions. Indian cement industry is currently ranked second in the
world.
The origins of Indian cement industry can be traced back to 1914 when the first unit was set-up
at Porbandar with a capacity of 1000 tonnes. Today cement industry comprises of 125 large
cement plants and more than 300 mini cement plants. The Cement Corporation of India, which is
a Central Public Sector Undertaking, has 10 units. There are 10 large cement plants owned by
various State Governments. Cement industry in India has also made tremendous strides in
technological upgradation and assimilation of latest technology. Presently, 93 per cent of the
total capacity in the industry is based on modern and environment-friendly dry process
technology. The induction of advanced technology has helped the industry immensely to
conserve energy and fuel and to save materials substantially. Indian cement industry has also
acquired technical capability to produce different types of cement like Ordinary Portland Cement
(Andhra Pradesh), Bilaspur (Chattisgarh), and Chandoria (Rajasthan).Cement industry in India is
currently going through a consolidation phase. Some examples of consolidation in the Indian
cement industry are: Gujarat Ambuja taking a stake of 14 per cent in ACC, and taking over DLF
Cements and Modi Cement; ACC taking over IDCOL; India Cement taking over Raasi Cement
and Sri Vishnu Cement; and Grasim's acquisition of the cement business of L&T, Indian Rayon's
cement division, and Sri Digvijay Cements. Foreign cement companies are also picking up
stakes in large Indian cement companies. Swiss cement major Holcim has picked up 14.8 per
cent of the promoters' stake in Gujarat Ambuja Cements (GACL). Holcim's acquisition has led to
the emergence of two major groups in the Indian cement industry, the Holcim-ACC-Gujarat
Ambuja Cements combine and the Aditya Birla group through Grasim Industries and Ultratech
Cement. Lafarge, the French cement major has acquired the cement plants of Raymond and
Tisco. Italy based Italcementi has acquired a stake in the K.K. Birla promoted Zuari Industries'
cement plant in Andhra Pradesh, and German cement company Heidelberg Cement has entered
into an equal joint-venture agreement with S P Lohia Group controlled Indo Rama Cement.
Cement is a key infrastructure industry. It has been decontrolled from Price and distribution on
1st March, 1989 and deli censed on 25th July, 1991. However, the performance of the industry
and prices of cement are monitored regularly. The constraints faced by the industry are reviewed
in the Infrastructure Coordination Committee meetings held in the Cabinet Secretariat under the
Chairmanship of Secretary (Coordination). Its performance is also reviewed by the Cabinet
Committee on Infrastructure.
Domestic Players
While the Cement Corporation of India, a Central public sector undertaking, comprises 10 units;
the various State governments own 10 large cement plants. Among the leading domestic players
in terms of cement manufacturing are: Ambuja Cement, Aditya Birla Group (which owns
UltraTech Cement), ACC Ltd., Binani Cement, India Cements and J K Cement. They are not
only the foremost producers of cement but also enjoy a high level of equity in the market.
THE COMPANY
Vision:- To produce world class white Portland cement at most competitive price. We will
be driven by our commitment to continuous quality improvement and exceeding all our customer
expectations.
Mission:- To deliver value to our customers, stakeholders, employees and society at large.
ORIGIN AND DEVELOPMENT OF J.K.ORGANIZATION
The founder to whom J.K organization owes its name was a Father son, Late Lala Jhuggilal Singhania and Late. Lala Kamlapat Singhania. They started their business activities from Kolkata as financial investors over 100 years ago in 1887 in 1914 they shifted towards the Cotton –textile industries at Kanpur (U.P.)
Today in India J.K Organization occupies a place of pride in industrial and commercial Fields. The Singhania family struggled over last two centuries and contributed to the economic and social growth of India. In the process of industrialization they attend the present place of destination among the top industrial pioneers of the country. M/S J.K.Cement works is a division of J.K. Synthetics Limited Kanpur a member of J.K.Organization. This is a multi product and multi unit company with diversified operation in synthetic fibers, Cement plants (gray & white), Power generation etc.
M/S J.K. synthetics Limited established their first gray Portland cement plant based on dry process technology at Nimbahera in the year 1974 .The main aim to set up the plant was to fulfill the demand of cement in the country. The main reason of establishing this plant in Nimbahera was easy availability of raw materials (Limestone) in sufficient quantity. The whole Maarwad Malwa belt is carrying plenty of Limestone i.e. primary raw materials for cement manufacturing.
Then first kiln of this plant was started at 900 tons per day (TPI) and subsequently the capacity was increased by addition of two more kilns f 1200 TPD 1350 TPD & 3400 TPD in 1979, 1982 & 1988 respectively. In 2002 new Grey Cement plant was installed at Mangrol with initial production capacity of 2500 TPD.
Today Nimbahera plant production is around 7000 TPD and Mangrol plant production is about 3000 TPD contributing to total production of 10000 TPD.
J.K.Cement has been awarded by ISO -9000, ISO-9002, ISO-14000 & OHSAS-18000.
FOUNDATION
Late Sir Padampat Singhania
LALA JUGGILAL SINGHANIA LALA KAMLAPAT SINGHANIA
(1857-1922) (1884-1937)
-PILLARS-
Mr.Yadupati Singhania (Managing Director)
Mr. Singhania, our Managing Director and Chief Executive Officer, holds a Bachelor of Technology (B.Tech.) degree from Indian Institute of Technology, Kanpur. He has experience spanning 25 years in the cement industry. He has been associated with the Company as its Promoter Director and has led our Company since its inception in 1994. He was appointed Managing Director of the Company with effect from April 1, 2004. He was instrumental in setting up the JKSL Cement Division. He is the Director of the Employers Association of
Northern India, President of Kanpur Productivity Council, and member of the Board of Governors of the National Council for Cement and Building Material and Jodhpur Chamber of Commerce. He is also a member of the managing committee of Cement Manufacturers Association. He has held the position of District Governor of Rotary International and President of Foreign Trade Development (India) Association
Dr.Gaur Hari Singhania (Chairman)
Dr. Singhania, our Chairman, holds a Master of Arts degree in Economics and a PhD degree in Economics from Agra University. He has corporate experience spanning 50 years. He has been associated with the Company as its Promoter Director and has led our Company since its inception in 1994. He is also the Chairman of JKSL, Juggilal Kamlapat Cotton Spg. & Wvg. Mills Company Limited and J.K. Traders Limited. He has held the position of Chairman of the Merchant Chambers of Uttar Pradesh and Employers Association of Northern India.
He has also been the president of Uttar Pradesh Stock Exchange Association Limited. He has been a director of Pradeshiya Industrial Investment Corporation of Uttar Pradesh, Uttar Pradesh State Industrial Development Corporation and the Uttar Pradesh State Sugar Corporation. Currently, he is also the chancellor of Dayanand Shiksha Sansthan and the president of Kanpur Education Society
1.1 COMPANY PROFILE
1.1.1 PLANT LOCATION :
J.K. Cement works is located at Nimbahera, District Chittorgarh ,Rajasthan,
Nimbahera is situated 30 K.M. south of Chittorgarh and connected to Jaipur by meter gauge
railway line udaipur the nearest domestic airport is 100 K.M. southeast of Nimbahera by rail and
road. It is well connected with, Indore, Chittorgarh, Ajmer, Jaipur, and Gujrat etc. The plant is
approximately 2 K.M. away from Nimbahera railway & bus station.
1.1.2 PRODUCT :
J.K.Cement works Nimbahera is leading producer of Ordinary Grey Cement and
Blended Cement, Plant was set up in technical assistance with M/S F.L.smidth of Copenhagen
Denmark and started commercial production in 1974 with an initial production capacity of 900
TPD and subsequently upgraded in phase to 7000 TPD.
1.1.3 SALIENT FEATURES :
- First dry process plant in India.
- Latest Process Precaleinator technology for clinker
- Unit II was first PLC controlled cement plant in India.
- Most advanced and sophisticated central control room for entire process control from
one point.
- On line quality control by X-ray analyzer.
- Computerized maintenance management system extended to stores, purchase sales
account personnel function etc.
- Continuous ongoing process of training & development at Regional Training Centre
(North) Nimbahera.
1.2.4 QUALITY PARAMETERS:
J.K.Cement Nimbahera is using the latest dry process precalicination technique in its
plant. This technique incorporates a five stage precheater, Precalcinator, air swept vertical roller
mills and electronically controlled packaging machine. The major produced grade is 43 grade
cement. It is also an ISO 9002 certified manufacturing company. a certificate given by Lloyd.
Register of quality assurance U.K.
Cement has different quality parameters which can be classified broadly in two categories
Chemical and physical generally cement is of three different grades i.e. 33, 43, 53 based upon
cement’s 3.7 or 28 days compressive strength. J.K. Cement is pioneering in 43 grade cement
because of its quality consciousness.
1.1.4 ACHIEVEMENTS :
National award for highest production in 1978.
104% production in 1990-91.
Record production 1.86 million tons against capacity of 1.50 million tons per annum.
Power consumption reduced to 115 Units per ton of cement in spite of multiple and old
units. Now it has touched as low as 100 units per ton.
Specific heat consumption achieved up to 760 Kilo Calorie per Kg. of clinker.
Selected as one of the lead plant by World Bank & DANIDA for setting up the Regional
Training Centre.
Received ISO 9002 certificate for manufacturing and marketing of White as well as Grey
cements both in 1995.
Binani Cement
Limited is engaged in the production and sales of cement and clinker. The Company's products include ordinary Portland cement and clinker. During the fiscal year ended March 31, 2010 (fiscal 2010), the Company produced 52.80 lac metric tons of cement. In December 2009, the Company commissioned a cement mill of 110 throughput per hour (TPH) capacity. The Company's overseas projects include Shandong Binani Rong’An Cement Co. Ltd., China (SBRCC) and Binani Cement Factory LLC, Dubai (BCFLLC). The Company focuses to set up a Greenfield Cement plant of 2.5 million tons per annum capacity at Sutrapada in Gujarat. Its parent company is Binani Industries Limited. The Company's subsidiaries include Krishna Holdings Pte Limited, Mukundan Holdings Limited, Murari Holdings Limited and Bhumi Resources (Singapore) Pte Limited. » Full Overview of BINC.BO
ACC
(ACC Limited) is India's foremost manufacturer of cement and concrete. ACC's operations are spread throughout the country with 16 modern cement factories, more than 40 Ready mix concrete plants, 20 sales offices, and several zonal offices. It has a workforce of about 10,000 persons and a countrywide distribution network of over 9,000 dealers.Since inception in 1936, the company has been a trendsetter and important benchmark for the cement industry in many areas of cement and concrete technology. ACC has a unique track record of innovative research, product development and specialized consultancy services. The company's various manufacturing units are backed by a central technology support services centre - the only one of its kind in the Indian cement industry. ACC plants, mines and townships visibly demonstrate successful endeavours in quarry rehabilitation, water management techniques and ‘greening’ activities.
The company actively promotes the use of alternative fuels and raw materials and offers total solutions for waste management including testing, suggestions for reuse, recycling and co-processing.
J.K’s Management Philosophy
Customer Satisfaction
Always invest in Latest Technology
Huge Distribution Network Creation
Expansion through Balancing Equipment
Constant focus on Cost Control & Quality
Invest in Managers & Develop People Skills
Stability of Executive Management & Low Employee turnover
Social Welfare - A Priority
SIX CORE VALUES OF JKCEMENT LTD
We succeed through satisfied customers.
We deliver quality and excellence in all we do.
We require premium return on assets.
We use technology to develop market leadership.
We value and empower our employees.
We behave responsibly as a corporate citizen.
RESEARCH METHODOLOGY
This report acts a general guide line in framing the entire research work. Further it gives clear
ideas about defining the research problem, research design, sampling design, methods of data
collection and measurement and scaling techniques. This report acts as a general guideline in
framing the entire research work. Hence, a research should be a step towards the awareness of
the expanding needs of the customers and thereby to meet them. Just as many dissatisfied
customers do not register formal complaints, satisfied customers may not provide the feedback
necessary to understand as to why the satisfaction has occurred. Hence, a detailed research is
required to know as to what is lacking in the system and what can be done thereof. A recent
study of the corporate world has clearly established the fact that only such of those corporations
which have given their customers maximum value for their money, have survived and further,
only such of those companies that have gone beyond the stage of satisfying the customers into
delighting them by exceeding their expectations have really grown beyond one’s wildest dreams.
Research methodology is a method used to systematically and scientifically solve the research
problem. The present study is about the “Study of consumer preference of J.K Cement”.
Research Design
A research design is purely the frame work or plan used to study and analyze the data collected.
Research is the scientific way to solve the problem and it is increasingly used to study the market
potential. This involves exploring all possible methods of solving the research problems,
examining the alternative methods one by one and arriving at the best method, considering the
resources at the disposal of the researcher.
Descriptive Research
The Research design used for this study is Descriptive design, which includes surveys and fact
findings of different kinds. The major purpose of descriptive research is a description of the state
of affairs, as it exists at present .The entire analysis is described in detail with the use of a well
structured questionnaire and the interpretation thereon.
Sample design
A sample design is a definite plan for obtaining a sample from a given population. It refers to the
technique or the procedure the researcher would adopt in selecting items for her sample. The
random sampling technique is to be employed for data collection. 45 dealers and retailers were
interviewed altogether from GURGAON for the collection of primary data through questionnaire
in order to extract pieces of information and opinions about J.K. cement and other cement
manufacturers. 2 different structured Non-Distinguished Direct Questionnaire that includes
multiple choice and Open-Ended Questions was framed to carry out the survey and obtain the
necessary information from the Customers and dealers and retailers.
Source of data
The data for this study was collected from primary source and secondary source. The primary
data was collected through questionnaire and survey. This catered to the needs of studying the
objectives. The secondary data was collected from articles given in internet, journals and
magazines to gather information about the company and the topic of the study.
PRIMARY DATA
Primary data was obtained by interviewing the dealers and retailers, the customers.
SECONDARY DATA
Through past records of the company, annual reports, magazines and journals and internet to
understand the topic.
Sample Size
About 90 respondents were surveyed and assessed for their opinion about Cement. Survey was
done in GURGAON only.
Research Methodology
Survey Method was chosen to obtain the needed information from the respondents so as to study
the various magnitudes of the project objectives.
Research Instrument
2 Questionnaires are structured for evaluating the customers and dealers and retailers.
Contact Method -Personal visit to various shops & various places in Gurgaon.
Sampling Procedure
NON-PROBABILISTIC CONVENIENT SAMPLING Technique was followed for getting
the response to the questionnaire.
Period of study
The reference period for conducting this study is from 02nd MAY to 24th JUNE, 2011.
From the above table, we can make the analysis that 17.8% of the consumers prefer JK cement whereas Ambuja and Shree brand has a highest value in the eyes of customers.
Most Preffered BrandBangurBirlaJaypeeShreeAmbujaACCBinaniJ.K Cement
From the above table, we can analyze that most suggested brand by various sources is ambuja & shree (17.4%) then binani (13%) and then (J.K, Jaypee, bangur) 10.9%.
Most Suggested BrandBangurBirlaJaypeeShreeAmbujaACCBinaniJ.K Cement
12- Please give rating (Tick) to following according to your choice: -
Rating J.K. ACC Jaypee Shree Binani Birla Ambuja
1
2
3
4
5
6
7
13- Your comments regarding J.K.Cement:
………………………………………………………………………...
………………………………………………………………………...
QUESTIONNAIRE (For Consumers)
Name…………………………..Address……………………………
Phone No……………………………………………………………
Age………………………………………………………………………
1- Which brand of cement you prefer the most?
1- J.K Cement
2- Binani
3- ACC
4- Ambuja
5- Shree
6- Jaypee 7- Birla
8- Bangur
2- Which brand of cement did you buy at present/last time?
J.K Shree
Binani Birla
ACC Jaypee
Ambuja Other………………………
3- Which brand is more advertised?
………………………………………………………………………………
4- Which type of advertising do you feel is the most effective? ?
- Newspaper
- Hoardings
- Wall painting
- T.V.
Others
5- Which brand is most suggested?
………………………………………………………………
………………………………………………………………
6- While purchasing cement you take advice of?
Engineer Friends Mistries Dealers Others
7- In selecting cement, How important are all points, Please rank them accordingly from (1-3)
Brand Image
Price
Convenience of location
8-Please give rating (Tick) to following according to your choice: -
Rating J.K. ACC Jaypee Shree Binani Birla Ambuja
1
2
3
4
5
6
7
SWOT ANALYSIS
S-STRENGTHS
J.K.Cement possess good brand image in the existing market which is definitely a part of
pavement brick for it.
Location has always been an important factor in Rajasthan extensive (about 2500 MT) of
cement grade limestone available.
Older plant and has a well known brand name in market.
Good plant having 10,000 tons per day production capacity.
W-WEAKNESSES
Fewer advertisements.
Low sales as compared to market potential.
Lack of self enthusiasm in the working pattern of the executives as a result the
aggressiveness towards sales is low.
Less advertisement and negligible sales promotion schemes as compared to other brands.
Monopoly of dealers is affecting the sales.
O-OPPORTUNITIES
Exposure of quality. Which is already good but not displayed in market?
More advertisement.
Competitive prices.
Making good dealers and penetrate the market up to retailer level.
May increase the discount and margin structure for retailers and dealers.
T-THREATS
Some dealers are available at present which were not reputed / efficient.
Other companies advertising policy.
Price fluctuation and price war which is a general phenomenon in this cement industry.
Quick availability/ Supply of cement of other cement industries are creating threat for
J.K. cement.
FINDINGS AT A GLANCE
Customers are loyal towards one brand but not in cement.
Good brand image of J.K.Cement in existing market.
Lack of sales aggressiveness.
Less advertisement of the product as compared to other company.
Profit margin given by company is less and no any promotional
schemes for retailers and semi dealers.
Suggestions from various sources play an important role in
purchasing decisions.
Profit margin given by company is less and no any promotional
schemes for retailers and semi dealers.
No facility for removal of complaints from the side of dealers/
retailers on time.
Lack of self-enthusiasm is working patterns of executives. As the real estate sector is at boom many new companies are
entering into cement industry. The cement companies that are
playing today have great opportunity.
RECOMMENDATION
1. JK CEMENT should focus more on TV advertisements which will increase company awareness among population.
2. JK CEMENT should also focus on its pricing strategy so that it would increase company sales.
3. JK CEMENT should give their ads in spots category which would help the company in targeting youth segment from the market which will increase its awareness among them.
4. BRAND AMBASSADOR also helps in increasing sales and also for increasing publicity so JK CEMENT should also focus towards it.
5. Some focus should also be made for the advertisement and brand promotions
for the product mainly in the new developing sites and area.
6. Promotional activities should be more, because it helps to push the product
and recall the product.
7. Dealers meetings may be play crucial role to increase the sales because
whatever dealer want, can sales. He can also convince the customer to
purchase the particular product.
8. The price is the major concern: If price can be lowered by compromising on
some minor unnoticeable quality difference then the company should go
ahead with it.
9. Occasional schemes would help to achieve higher sales.
10-Availability and quality should be good for good sell and make a good
relationship with customer.
LIMITATIONS OF RESEARCH
Though a successful survey was conducted there were still certain limitations
to the study. Below are some of the limitations of the research conducted:-
o The sample size was small; interview with more number of specifies could have
given a better picture on the overall acceptability of cement among them.
o Time frame was also one of the major limitations of the study. Research like this
which concern with taste and preferences of human beings generally require a
patient hearing and understanding. Since the people interviewed were all busy
professional an honest hearing and understanding of the subject from them were
very rare.
o Some of the people interviewed were not that clear about their opinion.
o Since the forms were filled by the interviewer there is a fair chance of lack of
understanding on her/his part. In some cases views were not communicated
properly.
CONCLUSION
It can be concluded from the research that customer has a preference of J.K Cement due to its
quality availability and strength. Due to good distribution network in gurgaon, J.K cement is
widely used cement brand. Several conclusions are derived:
Quality matters a lot in buying JK Cement in gurgaon.
Dealers and Sub dealers have lot of knowledge about the product.
It has goodwill in the market.
To improve further the company should margin. They think in term of
getting low margin and facing intensive competition as retailer face in
it.
Contractor gives emphasis on price, so price decreases for contractor
for bulk purchase.
Lack of advertising of JK Cement in Jaipur, which directly affected