brm mini project

AMINI PROJECT

ONBUSINESS RESEARCH METHOD

“A Study Of Consumer Durable Market For Samsung

Electronics Ltd”

SUBMITTED TO: SUBMITTED BY: Ms. A.R. Shanmuga priya Ashish Ranjan (3510910107)

BONAFIDE CERTIFICATE

1

Certified that this mini project report title

“A Study Of Consumer Durable Market For Samsung

Electronics Ltd”

Is an original work done by

Ashish Ranjan 33510910107 Of 3RD semester, SRM School Of Management, SRM Institute of science and technology, Kattankulathur during The academic year 2010, who carried out the research under my supervision? Certified further, that to the best of my knowledge the work reported here in does not form part of any other project report or dissertation on the basis of which a degree or award was conferred on an earlier occasion on this or any other certificate.

Declaration

2

It is hereby declare that I am VIKASH KUMAR&VINEET YADAV student of MBA 2nd year “o” section School of Management, SRM University declare that all the information enclosed in this project is true and exclusively collected by me. Any resemblance from the earlier work is co-incident.

VIKASH KUMAR

Reg.No.3510910892

VINEET YADAV

Reg.No.3510910899

DATE: PLACE:

3

Acknowledgement

We owe a great deal to our mini project guide Ms. A.R. Shanmuga priya for this precious help and guidance during this study. Without her guidance, suggestions and support this project would not have been possible.Lastly, we would be unjustified on our part if, we do not thanks the almighty for his blessings and invisible helping hands.

INDEX

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Sr.no. Contents Page no.

1. Introduction

2. Industry Profile

3. Company Profile

4. Product Profile

5. Objective of Study

6. Research Methodology

1.Primary data

2. Secondary data

3.Sampling

4. Scope of the study

5.Limitations of the study

7. Theoretical Background of the study

8. Data Analysis

9. Findings

10 Recommendations

11 Conclusion

10. Bibliography

INTRODUCTION

5

Before the liberalization of the Indian economy, only a few companies like Kelvinator,

Godrej, Alwyn, and Voltas were the major players in the consumer durables market,

accounting for no less than 90% of the market. Then, after the liberalization, foreign

players like LG, Sony, Samsung, Whirlpool, Daewoo, and Aiwa came into the picture.

Today, these players control the major share of the consumer durables market. Consumer

durables market is expected to grow at 10-15% in 2007-2008. It is growing very fast

because of rise in living standards, easy access to consumer finance, and wide range of

choice, as many foreign players were entering in the market with the increase in income

levels, easy availability of finance, increase in consumer awareness, and introduction of

new models, the demand for consumer durables has increased significantly. Products like

washing machines, air conditioners, microwave ovens, color televisions (C-TV) were no

longer considered luxury items. However, there were still very few players in categories

like vacuum cleaners, and dishwashers Consumer durables sector is characterized by the

emergence of MNCs, exchange offers, discounts, and intense competition. The market

share of MNCs in consumer durables sector is 65%. MNC's major target is the growing

middle class of India. MNCs offer superior technology to the Consumers whereas the

Indian companies compete on the basis of firm grasp of the local market, their well-

acknowledged brands, and hold over wide distribution network. However, the penetration

Level of the consumer durables is still low in India.

Indian Consumer durables market used to be dominated by few domestic players like

Godrej, Voltas, Allwyn and Kelvinator. But post liberalization many foreign companies

6

have entered into Indian market dethroning the Indian players and dominating Indian

market the major categories being CTV, REFRIGRATOR, MICROWAVE OVEN and

WASHING MACHINES.

India being the second largest growing economy with huge consumer class has resulted

in consumer durables as the fastest growing industries in India. LG, SAMSUNG the two

Korean companies have been maintaining the lead in the market with LG being leader in

almost all the categories.

The rural market is growing faster than the urban market, although the penetration level

is much lower .The CTV segment is expected to the largest contributing segment to the

overall growth of the industry. The rising income levels double-income families and

consumer awareness were the main growth drivers of the industries.

INDUSTRY PROFILE

7

The Consumer Durables industry consists of durable goods and appliances for domestic

use such as televisions, refrigerators, air conditioners and washing machines. Instruments

such as cell phones and kitchen appliances like microwave ovens were also included in

this category. The sector has been witnessing significant growth in recent years, helped

by several drivers such as the emerging retail boom, real estate and housing demand,

greater disposable income and an overall increase in the level of affluence of a significant

section of the population. The industry is represented by major international and local

players such as

1. BPL

2. Videocon

3. Voltas

4. Blue Star

5. MIRC Electronics

6. Titan

7. Whirlpool, etc.

The consumer durables industry can be broadly classified into two segments: Consumer

Electronics and Consumer Appliances. Consumer Appliances can be further

8

categorized into Brown Goods and White Goods. The key product lines under each

segment were as follows.

Industry Size, Growth, Trends

The consumer durables market in India was estimated to be around US$ 5 billion in

2007-08. More than 7 million units of consumer durable appliances have been sold in the

year 2006-07 with colour televisions (CTV) forming the bulk of the sales with 30 per

cent share of volumes. CTV, refrigerators and Air-conditioners together constitute more

than 60 per cent of the sales in terms of the number of units sold.

In the refrigerators market, the frost-free category has grown by 8.3 per cent while direct

cool segment has grown by 9 per cent. Companies like LG, Whirlpool and Samsung have

registered double-digit growth in the direct cool refrigerator market.

In the case of washing machines, the semi-automatic category with a higher base and

fully-automatic categories have grown by 4 per cent to 526,000 units and by 8 per cent to

229,000 units, respectively. In the air-conditioners segment, the sales of window ACs

have grown by 32 per cent and that of split ACs by 97 per cent.

Since the penetration in the urban areas for these products is already quite high, the

markets for both C-TV and refrigerators were shifting to the semi-urban and rural areas.

The growth across product categories in different segments is assessed in the following

sections.

9

Consumer Electronics

The CTV production was 15.10 million units in 2007-08 and is expected to grow by at

least 25 per cent. At the disaggregated level, conventional CTV volumes have been

falling while flat TVs have grown strongly. Market sources indicate that most CTV

majors have phased out conventional TVs and have been instead focusing more on flat

TVs. The flat segment of CTVs now account for over60 per cent of the total domestic TV

production and is likely to be around 65 per cent in 2007-08.High-end products such as

liquid crystal display (LCD)and plasma display CTV grew by 400 per cent and 150 per

Cent respectively in 2009–10 following a sharp decline in prices of these products and

this trend is expected to continue. The audio/video player market has seen significant

growth rates in the domestic market as prices have dropped. This trend is expected to

continue through 2009- 2010, as competition is likely to intensify to scale and capture the

mass market.

10

COMPANY PROFILE

SAMSUNG – Introduction

Our Vision

Samsung is guided by a singular vision: to lead the digital convergence movement.

We believe that through technology innovation today, we will find the solutions we need

to address the challenges of tomorrow. From technology comes opportunity for

businesses to grow, for citizens in emerging markets to prosper by tapping into the digital

economy, and for people to invent new possibilities.

It’s our aim to develop innovative technologies and efficient processes that create new

markets, enrich people’s lives and continue to make Samsung a trusted market leader

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Our Mission

Everything we do at Samsung is guided by our mission: to be the best “digital-

Company”.

Samsung grew into a global corporation by facing challenges directly. In the years ahead,

our dedicated people will continue to embrace many challenges and come up with

creative ideas to develop products and services that lead in their markets. Their ingenuity

will continue to chart Samsung’s course as a profitable, responsible global corporation.

12

SAMSUNG HISTORY

2008

Named Yoon-Woo Lee as a Vice Chairman & CEO of Samsung Electronics

Launched OMNIA phone Completed establishing TV manufactory in Russia Kaluga Became the official sponsor of 2010 Guangzhou Asian

Game Developed the world's first 2Gb 50 NANO Samsung takes No. 1 spot in U.S. cellphone market Opened Global Brand PR Centre ‘Samsung D'light'

No.1 worldwide market share position for TVs achieved for the 9th quarter in a row

2007

No.1 worldwide market share position for TVs achieved for the seventh quarter in a row

Developed the world's first 30nm-class 64Gb NAND Flash™ memory

BlackJack bestowed the Best Smart Phone award at CTIA in the U.S.

Attained No.1 worldwide market share position for LCD for the sixth year in a row

2006 Developed the world's first real double-sided LCD Developed the worlds' first 50nm 1G DRAM Unveiled 10M pixel camera phone Launched "Stealth Vacuum," a vacuum cleaner with the

world's lowest level of noises Launched the worlds' first Blu-Ray Disc Player

Developed 1.72"Super-Reflective LCD ScreenSeptember, 2005 The India Retail Forum has awarded Samsung as the Best Retailer of

the year 2005 in the consumer Durables category. James Damian,

SVP, Best Buy and his team handed over the award to Mr. Ravinder

Zutshi, Dy MD and Samsung India at the India Retail award function

held in Mumbai on 16th September.

February 2005 Mr. S. H. Oh appointed as the President and Chief Executive Officer

of Samsung South West Asia.

November 2004 Samsung received the Golden Peacock Special commendation

Certificate for Corporate Social Responsibility (Private Sector) for

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the year 2004 from Mr. Shivraj Patil, Union Home Minister.

February 2004 India made regional headquarters for Samsung Southwest Asia.

February 2004 Mr. K. S. Kim appointed as the First President and Chief Executive

Officer of Samsung South West Asia.

November 2003 Inaugurated Samsung's new, High-Tech, advanced Refrigerator

facility.

August 2003 Commencement of production at refrigerator facility in Noida.

June 2003 Merger of SIEL with SEIIT.Software technology park set up at Noida

December 2002 Construction commences for 5,000,000 refrigerator plant in Noida

October 2002 Samsung unveils new technology for Consumer Home

Entertainment (DNIe™)

June 1996 Foundation Stone laid for CTV Factory at Noida, Uttar Pradesh.

May 1996 Launch in South

Home Appliances Launch

December 1995 Samsung India Electronics (SIEL) products launched in India.

August 1995 Certificate for commencement of business received by Samsung

15

GROWING TO BE THE BEST

Samsung India aims to be the ‘Best Company’ in India by the Year 2006. ‘Best

Company’ in terms of both the internal workplace environment as well as the external

context in which the Company operates. Samsung aims to grow in India by contributing

to the Indian economy and making the lives of its consumers simpler, easier and richer

through its superior quality products.

“Our aim is to gain technological leadership in the Indian marketplace even as our goal is

to earn the love and respect of more and more of our Indian consumers.” Mr. S.H. Oh,

President & CEO Samsung South-West Asia Regional Headquarters.

Samsung in India

Samsung India is the hub for Samsung’s South West Asia Regional operations. The

South West Asia Regional Headquarters looks after the Samsung business in Nepal, Sri

Lanka, Bangladesh, Maldives and Bhutan besides India. Samsung India, which

commenced its operations in India in December 1995, today enjoys a sales turnover of

over US$ 1Bn in just a decade of operations in the country.

Headquartered in New Delhi, Samsung India has a network of 19 Branch Offices located

all over the country. The Samsung manufacturing complex housing manufacturing

facilities for Colour Televisions, Colour Monitors,

Refrigerators and Washing Machines is located at Noida, near Delhi. Samsung ‘Made in

India’ products like Colour Televisions, Colour Monitors and Refrigerators were

16

being exported to Middle East, CIS and SAARC countries from its Noida manufacturing

complex. Samsung India currently employs over 1600 employees, with around 18% of its

employees working in Research & Development.

SAMSUNG GLOBAL

The DNA of Digital Innovation

Samsung Electronics is a global leader in semiconductors, telecommunications, digital

media and digital convergence technologies with 2004 parent company sales of

US$55.2Bn and net income of US$10.3Bn. Employing approx. 113,000 people in over

90 offices in 48 countries, the company has of 5 main business units: Digital Appliance

Business, Digital Media Business, LCD Business, Semiconductor Business and

Telecommunication Network Business. Recognized as one of the fastest growing global

brands, Samsung Electronics Corporation is the world’s largest pro ducer of Colour

Monitors, Colour TVs, Memory Chips and TFT LCD’s.

17

Customized products for Indian Consumers

Samsung understands the local cultural sensibilities to customize its products according

to the Indian market. It has set up a “usability lab” at the Indian Institute of Technology

in New Delhi to customize Samsung products to meet the specific needs of Indian

consumers. This industry-institute partnership is helping Samsung to study and analyze

consumer response in aspects of product design, including aesthetics, ergonomics and

interface.

Through its research done on consumer preferences in India, Samsung has concluded

that Indian consumers want more sound oriented products. Thus, the Samsung televisions

for India have a higher sound capacity than their foreign counterparts.

For the semi-automatic segment of Samsung washing machines, Samsung has

introduced for the first time in India a feature called Super Dry. It is present in three of

Samsung’s semi automatic models and dries the clothes better than the rest.

Samsung washing machines have an additional menu that takes care of the local Indian

wardrobes. They also have a ‘memory re-start’ that takes care of the frequent power

failures in India.

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PRODUCT PROFILE

650 Series Full HD LC D TV

Developed using our unique Crystal Design with a hint of

rose-red color accentuating a traditional piano-black

bezel frame, the 650 Series LCD TV features Auto Motion

Plus 120Hz, an Ultra Clear Panel, DNIe Pro and Wide

Color Enhancer Pro to provide perfect picture quality.

Wide Video MP3 Player (YP-P2)

Equipped with Bluetooth and a touch screen interface,

the YP-P2 lets consumers enjoy vivid videos on a 3-inch

wide LCD screen. Samsung’s proprietary DNSe 2.0

technology with EmoTure™ UI enhances the ultimate multimedia experience.

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VRT Front Loading Washer

Designed with Vibration Reduction TechnologyTM (VRT),

our washer dramatically reduces barrel vibration—even

at the highest speed. It also reduces energy and water

consumption to the world’s lowest levels. Further, we’ve

enhanced washing performance and eco-friendly performance

with a diamond-shaped embossing drum.

6-in-1 Steam Oven

Simple, yet stylish, our 6-in-1 steam oven combines all of

the features of a conventional oven with advanced steam

cooking technology to stimulate healthier eating.

Samsung’s versatile steam cooking solution adds a

steam function to the conventional oven, grill and microwave,

as well as dry heat and fermenting.

20

Haptic Touch Screen Phones (SC H-W420/W4200)

Built with TouchWiz UI software, our Haptic model promises

a unique user experience, one that touches all of the

senses. The Samsung Haptic features one-touch access,

a widget for creating customized desktops and a G sensor

for automatic horizontal rotation of photos and videos.

It is designed for the innovative, ‘on-the-go’ user who

demands cutting-edge multimedia features, including a web browser.

Ultra-messaging BlackJack II (SG H-i617)

Microsoft’s Windows Mobile software-enabled HSDPA

smart phone boasts a bigger screen than the BlackJack

I and includes a jog wheel. The phone also has cuttingedge

features such as a touch screen, Bluetooth, GPS and wireless LAN

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OBJECTIVES OF THE PROJECT

To study brand preference of consumer for consumer durable goods.

To find most important parameter for selection of brand of Colour television,

Refrigerators, Washing machine, DVD, Microwave oven.

To study profit margin of major brands in consumer durable.

22

Research Methodology

Research methodology is considered as the nerve of the project. Without a proper well-

organized research plan, it is impossible to complete the project and reach to any

conclusion. The project was based on the survey plan. The main objective of survey was

to collect appropriate data, which work as a base for drawing conclusion and getting

result.

Therefore, research methodology is the way to systematically solve the research problem.

Research methodology not only talks of the methods but also logic behind the methods

used in the context of a research study and it explains why a particular method has been

used in the preference of the other methods

Research design

Research design is important primarily because of the increased complexity in the market

as well as marketing approaches available to the researchers. In fact, it is the key to the

evolution of successful marketing strategies and programmers. It is an important tool to

study buyer’s behavior, consumption pattern, brand loyalty, and focus market changes. A

research design specifies the methods and procedures for conducting a particular study.

According to Kerlinger, “Research Design is a plan, conceptual structure, and strategy of

investigation conceived as to obtain answers to research questions and to control

variance.

23

Research design specifies methods and procedures for study. In this study the company

was interested to know the demand of different consumer durable product, about

competitors, and potential for SAMSUNG procedures to be used for the study among

retailers/dealer and. However it was exclusively personal interview.

Data Collection:

This report was prepared after collecting data from the retailers/ dealers and past data was

arranged from the various studies conducted in last few years and various other records of

company.

Primary Data:

These data were collected by personal interview with retailers/ dealer. For this purpose

questionnaires were prepared in such that all necessary data would be collected.

Secondary Data:

Information regarding the project, secondary data was also required. These data were

collected from various past studies and other sources of the company.

24

SAMPLING METHOD

Random Sampling method

SAMPLE SIZE

Research tools:

Questionnaires

25

Scope of the study

This project gives us great exposure to the consumer durable market because it includes

product knowledge and field survey job in which we visited the consumer durable stores

in Nashik district.

While visiting the shops we

1. Calculated the display share of the SAMSUNG product in shop.

2. Collected the data of actual monthly sale of the SAMSUNG product in few shop.

3 Found out the problems that the dealer were facing while selling the SAMSUNG

product.

4. Found out the customer response for SAMSUNG products by asking the owner of the

shop.

5. Checked whether demo calls were attended or not

26

Scope

1. In term of purchasing power parity (PPP), India is the 4th largest economy in the world

and overtake Japan in the near future become the 3rd largest.

2. Indian consumer durable market is expected to reach $450 billion by on 2010

3. India has the youngest population amongst the major countries. There were lot of

people in the different income categories nearly the two third population is below the

age of 35 and nearly 50% is below 25.

4. There were 56 million people in middle class, who were earning us$4,400-US$21,800

a year. And there were 6 million rich household in India.

5. The upper-middle and high-income household in urban areas were expected to grew to

38.2 million in 2007 as against 14.6 million in 2000.

27

OPPORTUNITY

1. In India the penetration level of white goods is lower as compared to other

developing countries.

2. Unexploited rural market.

3. Rapid urbanization.

4. Increase in income level, i.e. increase in purchasing power of consumers.

5. Easy availability of finance.

Threats

1. Higher import duties on row materials.

2. Cheap imports from Singapore, China and from other Asian countries.

28

LIMITATION OF STUDY

Although I tried my best in preparation of this project, but this study has some limitation:

1. The period of the project was not sufficient to study all the factors in deep.

2. Visiting various places for the study consumed a lot of time.

3. We cannot say that what the consumer have revealed will be right for each and every

situation because their perception is influenced by many factors.

4. Many consumer and dealers/retailers showed less interest in providing information and

haven’t cooperated.

5. Some of confidential information viz. credit period, schemes, policies and sales figure

were not disclosed by the competitors.

29

Theoretical Background of the study

Scope of market research in view of modern global business.

Research methods provide you with the knowledge and skills you need to solve

the problems and meet the challenges of a fast-paced decision-making environment.

Business research courses are a recognition that students in business, not-for-profit, and

public organizations – in all functional areas – need training in the scientific method and

its application to decision making. Two factors stimulate an interest in more scientific

decision making: (1) the manager’s increased need for more and better information and

(2) the availability of improved techniques and tools to meet this need.

During the last two decades, we have witnessed dramatic changes in the business

environment. Emerging from a historically economic role, the business organization has

evolved in response to the social and political mandates of national public policy,

explosive technology growth, and continuing innovations in global communications.

These changes have created new knowledge needs for the manager. Other knowledge

demands have arisen from problems with mergers, trade policies, protected markets,

technology transfers, and macroeconomic savings – investment issues.

The trend toward complexity has increased the risks associated with business decisions,

making it more important to have a sound information base. Increased complexity means

there are more variables to consider. The competition is more vigorous, with many

business downsizing to make competitive gains. Workers, shareholders, customers, and

the public are better informed and more sensitive to their self-interest. Government

continues to show concern with all aspects of society. Each of these factors demands that

managers have more and better information upon which to base decisions.

30

To do well in such an environment, you will need to be equipped with an understanding

of scientific methods and a means of incorporating them into decision making. You will

need to know how to identify good research and how to conduct it. This book addresses

these needs.

As the complexity of the business environment has increased, there has been a

commensurate, increase in the number and power of the tools to conduct research. There

is vastly more knowledge in all fields of management. We have begun to build better

theories. The computer has given us a quantum leap in the ability to deal with problems.

New techniques of quantitative analysis take advantage of this power. Communication

and measurement techniques have also been enhanced. These trends reinforce each other

and are having a massive impact on business management.

sources of collection of primary and secondary data for market research.

ta sources may be classified as either internal (organizational) or external sources of

information.

Internal Sources

Internal sources of organizational data are so varied that it is difficult to provide

generalizations about their use. Accounting and management information systems create

and store much of the internal data. Research and development, planning, and marketing

functions also contribute. Examples are departmental reports, production summaries,

financial and accounting reports, and marketing and sales studies. The collection methods

used are unique to the specific situation, and collection success depends on knowing just

31

where and how to look. Sometimes the information may exist in central files (i.e., at

headquarters), in computer database, or in departmental chronological files.

In other organizations, a central library keeps all relevant information. Systematic

searches should be made through exploratory interviews with everyone who handles the

information. Often company librarians, MIS. PR/communications, or departmental

secretaries can help in pinpointing critical data sources. Internal data sources may be the

only source of information for many studies.

External Sources

External sources are created outside the organization and are more varied than internal

sources. There are also better defined methods for finding them. This discussion is

restricted to published sources, although other sources of information may be useful.

Published sources of data can be classified into five categories. The newest and fastest

growing one is computerized database. They are composed of interrelated data files. The

files are sets of records grouped together for storage on some medium. Access may be

through online search or CD-ROM. Online databases are often specialized and focus on

information about a particular field.

Major source of published information consists of diverse materials from special

collections. Within this category there are many reference books, each a compendium of

a range of information. A second group includes university publications, of which there

are master’s theses, doctoral dissertations, and research records. A third group includes

company publications such as financial reports, company policy statements, speeches by

prominent executives, sales literature, product specifications, and many others. There are

miscellaneous information sources consisting of the productions of various trade,

32

professional and other associations. These organizations often publish statistical

compilation, research report, and proceeding of meeting.

33

Data Analysis and Interpretation

Table No.1 Number of company’s product sold by dealers.

Sr. No. PRODUCT NO. OF RESPONDENTS1 C-TV 862 C-TV &

REFRIGERATOR 673 C-TV &

REFRIGERATOR & WASHING MACHINE 56

4 ABOVE ALL 92TOTAL 301

Source:- Survey

Graph No. 1

INTERPRETATION:-

According to survey, 86 dealers were sold only C-TV, 67 dealers were sold C-TV and

REFRIGERATOR, 56 dealers were sold C-TV and REFRIGERATOR, WASHING

MACHINE and 92 dealers were sold all product.

34

Table no. 2 shows no. of company’s product sold from dealer’s shop.

Sr. NO. NO. OF COMPANIES PRODUCT

NO. OF RESPONDENTS

1 FIVE 332 FOUR 243 THREE 94 TWO 34

TOTAL 100 Source:- Survey

Graph No. 2

INTERPRETATION-

According to survey, 33 dealers were sold 5 brands, 34 dealers were sold only 2 brands

from their shops.

35

Table No.3 Shows Major brand of C-TV sold by dealers.

Sr. NO.BRAND

NO. OF RESPONDENTS PERCENTAGE

1 LG 39 392 VIDEOCON 23 233 SAMSUNG 18 184 SANSUI 11 115 ONIDA 9 9

TOTAL 100 100 Source:- Survey

Graph No. :- 3

INTERPRETATION-

According to dealers, in Chennai LG is leading in

C-TV with 39%, after that VIDEOCON is 2nd with 23% and then SAMSUNG is on 3rd

with 18%.

36

Table No.4 Most important parameter for more sale of C-TV

Sr. NO. REASONS FOR MORE SALES

NO. OF RESPONDENTS

PERCENTAGE

1 Price 28 282 Quality 30 303 Service 17 174 Advertisement 15 155 Schemes 10 10


Graph No.4

INTERPRETATION-

According to dealers, Price is most important parameter for more sale of C-TV

and then Quality, Services, Advertisement and Schemes.

37

Table No. 5 shows the major brands of REFRIGERATOR sold by dealers.

Sr. NOBRAND


1 LG 22 222 VIDEOCON 13 133 SAMSUNG 9 94 GODREJ 12 125 WHIRLPOOL 19 196 KELVINATOR 16 167 KENSTAR 9 9


Graph No. 5

INTERPRETATION-

According to dealers, LG also leading in the REFRIGERATOR market in Nashik district

with 22%,

After that Whirlpool and Kelvinator is following them.

38

Table No.6 shows most important parameter for more sale of REFRIGERATOR


NO. OF RESPONDENTS

PERCENTAGE


TOTAL 100 100 Source:-Survey

Graph No. :- 6

INTERPRETATION-

According to dealers, most important parameter for more sale of Refrigerator

is Quality and then Price, Services, Advertisement and Schemes.

39

Table no.7 shows Major brands of Washing Machine sold by dealers.

Sr. NO.BRAND


1 LG 18 182 VIDEOCON 11 113 SAMSUNG 15 154 IFB 7 75 WHIRLPOOL 21 216 GODREJ 9 97 KELVINATOR 10 108 KENSTAR 9 9


Graph No. :-7

MAJOR BRAND OF WASHING MACHINE

18%

11%

15%7%

21%

9%

10%9%

LG

VIDEOCON

SAMSUNG

IFB

WHIRLPOOL

GODREJ

KELVINATOR

KENSTAR

INTERPRETATION-

According to dealers, LG is leading in Washing Machine market with 18%, after that

VIDEOCON and SAMSUNG is leading in Nashik district.

40

Table No.8 shows most important parameter for more sale of Washing Machine


NO. OF RESPONDENTS

PERCENTAGE



Graph No.8

INTERPRETATION-

According to dealers, the most important factor which affects the sales of washing

machine is QUALITY, and then prices and services is considered by the customers.

41

Table No.9 shows Major brands of DVD sold by dealers.

Sr. NO.BRAND


1 LG 11 112 VIDEOCON 13 133 SAMSUNG 10 104 ONIDA 15 155 PHILIPS 22 226 SANSUI 12 127 SONY 8 88 INTEX 9 9

TOTAL 100 100 Source:-Survey

Graph No. :- 9

MAJOR BRAND OF DVD

1113

10

15

22

12

8 9

0

5

10

15

20

25

BRANDS

NO

. O

F R

ES

PO

ND

EN

TS

NO. OF RESPONDENTS

INTERPRETATION-

According to dealers, PHILIPS is the most popular brand in DVD market with 22%, after

that ONIDA with 15% and VIDEOCON with 13% on 3rd position.

42

Table No.10 shows most important parameter for more sales of DVD


NO. OF RESPONDENTS

PERCENTAGE



Graph No. 10

INTERPRETATION-

According to dealers, Quality is major factor in respect of more sale of DVD, and then

Services and prices were to be considered.

43

Table No.11shows Major Brand of MICROWAVE OVEN sold by dealers.

Sr. NO.BRAND


1 LG 18 182 VIDEOCON 13 133 SAMSUNG 15 154 KENSTAR 21 215 GODREJ 9 96 PHILIPS 8 87 BAJAJ 9 98 SONY 7 7


Graph No. 11

NO. OF RESPONDENTS

18

1315

21

9 8 97

0

5

10

15

20

25

NO. OF RESPONDENTS

INTERPRETATION-

According to dealers, KENSTAR is very popular brand for microwave oven. KENSTAR

is making a huge business as compare to other competitors after that LG and then

44

SAMSUNG. According to dealers, microwave oven does not have that much demand as

compare to other consumer durable product.

Table No.12 shows Reason for more sales of MICROWAVE OVEN


NO. OF RESPONDENTS

PERCENTAGE



Graph No. 12

INTERPRETATION-

The most important factor of more sales of microwave oven is QUALITY of the product.

Quality is mostly affected on sales of microwave oven.

45

Table NO.13 shows High Profit margin brands

Sr. No.BRANDS


1 LG 21 212 SAMAUNG 18 183 WHIRLPOOL 16 164 VIDEOCON 13 135 SONY 11 116 GODREJ 9 97 PHILIPS 7 78 KENSTAR 5 5


Graph No.13

HIGH PROFITABLE BRAND

0

5

10

15

20

25

BRANDS

NO

. O

F R

ES

PO

ND

EN

TS

NO. OF RESPONDENTS

INTERPRETATION-

According to dealers, in Indian consumer durable industry

LG is leading company because of their low pricing policy and the better quality of

product.

SAMSUNG is on 2nd position, if SAMSUNG will change their pricing policy like LG

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FINDING

1. We came to know while visiting the shop most of the dealers sold entire consumer

durable product including C-TV, Refrigerator, Washing Machine, DVD, Microwave

oven.

2. Study shows that quality is most important parameter for more sale of colour television

and then price is considered by consumers.

3. Study shows that quality of the product is most important parameter for Refrigerator

then price is considered by consumers.

4. While visiting the shop we came to know that quality is most important parameter

which is affect on more sales of Washing Machine.

5. According to Survey, Philips is most popular brand for DVD.

6. We came to know that while visiting the shop, Kenstar is most preferable brand for

Microwave oven because of their quality.

7. While visiting the shop we know that LG is gives high profit margin as compare to

other competitors.

8. While visiting the shop dealers suggested that after sales service is most important

factor which contributes towards the sales of Consumer durables.

9. All the dealers were not satisfied with the profit margin.

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10. SAMSUNG product is costly as compare to LG and VIDEOCON.

11. Maximum rural area is covered by the VIDEOCON because of their low price

products.

12. We came to know while visiting the shops that there was big problem of after sales

service.

13. Many dealers were facing the problem of after sale service because there is no follow

up calls from SAMSUNG.s

14. Demo calls also not done properly.

15. LG and Videocon is the main competitor of SAMSUNG.

16. Advertising of SAMSUNG CTV is more effective as compare to the competitors.

17. Sales promotion scheme were sufficient.

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SUGGESTIONS &RECOMANDETION

Company should improve the after sales service of products as it is the main

factor for the sales of consumer products.

If the SAMSUNG Ltd. reduces their product price like LG and VIDEOCON then

SAMSUNG will take over the LG in all categories.

Company should distribute free key chain, calendar, t-shirts for making brand

popular among people.

Company should introduce low price and low power consumption Refrigerator for

acquiring the middle income group.

Dealer desire more advertisement to be done through local newspaper and cable

TV ads. To make consumers aware about the product.

Prompt of service in time.

Advertisements of the company’s products should focus on quality rather then

price.

Company should target upper middle class or premium class customers.

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Company should introduce low cost products to satisfy the needs of low or middle

class.

Demo calls as well as follow up Help Company to maintain customer relationship

and hence the company should focus on these aspects.

SAMSUNG ltd. should concentrate on after sales service.

SAMSUNG ltd. should try to trap the rural market.

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Conclusion

With respect to the above study and the findings thereby, the company has

definitely entrenched into the urban market.

With few more concerted efforts, the said organization needs to enter the rural

market in order to completely establish itself all over.

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ANNEXURE

A. Questionnaire

Study of Consumer Durable Market for SAMSUNG Electronics Ltd. Name of shop:

Address:

Contact no.:1) Which is consumer durable product you sold from your shop? □C-TV □Refrigerator □Washing Machine

□DVD □Microwave

2) How many no. of company’s product you sold from your shop? □ONE_______________________________________________

□TWO_______________________________________________□THREE_____________________________________________□FOUR______________________________________________□FIVE_______________________________________________□SIX________________________________________________

3) Which is major brand of Colour-Television you sold from your shop? □SAMSUNG □LG □ Videocon □ Onida □ Sansui

4) What is the important parameter for more sales of Colour-Television brand?□Price □ Quality □ Services □ Advertisement □ Schemes

5) Which is major brand of Refrigerator you sold from your shop?□ Godrej □ Whirlpool □ Kenstar □ LG

□ SAMSUNG □ Videocon □ Kelvinator

6) What is the important parameter for more sales of Refrigerator brand? □ Price □ Quality □ Services □ Advertisement

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□Schemes

7) Which is major brand of Washing Machine you sold from your shop? □ IFB □ Whirlpool □ Kenstar □ LG □ SAMSUNG □ Videocon □ Kelvinator □ Godrej

8) What is the important parameter for more sales of Washing Machine brand?□ Price □ Quality □ Services □ Advertisement □ Schemes

9) Which is major brand of DVD you sold from your shop?□SAMSUNG □ LG □ Videocon □ Onida

□ Sansui □ Philips □ Intex □SONY

10) What is the important parameter for more sales of DVD brand?□ Price □ Quality □ Services □ Advertisement □ Schemes

11) Which is major brand of Microwave you sold from your shop? □SAMSUNG □ LG □ Videocon □ Kenstar □ Godrej □ Philips □ Bajaj □SONY

12) What is the important parameter for more sales of Microwave brand?□Price □ Quality □ Services □ Advertisement

□ Schemes

13) Which company’s product you give high profit margin?□SAMSUNG □LG □VIDEOCON □SONY

□WHIRLPOOL □GODREJ □PHILIPS □KENSTAR

14) What are your suggestions for SAMSUNG to increase the sales?

_________________________________________________________________

__________________________________________________________________

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B). Bibliography

1- http://www.samsung.com/in/aboutsamsung/index.html 2- http://www.samsung.com/in/aboutsamsung/corporateprofile/index.html 3- http://www.samsung.com/in/aboutsamsung/corporateprofile/history.html 4- http://www.samsung.com/in/aboutsamsung/corporateprofile/visionmission.html 5- http://www.samsung.com/in/consumer/index.html

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http://www.samsung.com/in/aboutsamsung/corporateprofile/visionmission.html

http://www.samsung.com/in/aboutsamsung/corporateprofile/history.html

http://www.samsung.com/in/aboutsamsung/corporateprofile/index.html

http://www.samsung.com/in/aboutsamsung/index.html

brm mini project

Documents

indian market

consumer durables industry

consumer finance

consumer awareness

local market

urban market

rural market

market share of mncs