Upload
shakti-yadav
View
40
Download
0
Embed Size (px)
Citation preview
© 2006 Prentice Hall, Inc. 5 – 11
Amity Business School
SUMMER INTERNSHIP
LED TV MARKET SURVEY OF T- SERIES : MARKET RESEARCH
OF LED TV IN DEMAND, SCREEN SIZES AND IT’S COMPETITORS
SUBMITTED BY :AMIT PATWARI(A0102213228)
© 2006 Prentice Hall, Inc. 5 – 22
Amity Business School
Company Profile
• Super Cassettes Industries Limited is the largest producer & publisher of music and videos in india under world famous trade mark T-Series.
• T-Series founded in 1982 by Shri Gulshan kumar, a visionary started with Audio cassettes has today emerged a multi-faceted group, undisputed leader in music industry and now run by his son Mr. Bhushan Kumar, which entered into film production in 2001
• Product range of the company consist of more then fifty models of elegant and world class LED/ LCD, CTV, DVD players, home theater system semi automatic machine, coolers, fan, induction cookers etc
• This mantra – ‘Technology at affordable prices’ is always visible in constant up-growth of T-Series.
© 2006 Prentice Hall, Inc. 5 – 33
Amity Business School
RESEARCH METHODOLOGY
Research Design:• Descriptive Research
• Interview with Retailers And Customers through Questionnaire consisting of 12 questions.
Sample Size
No of retailers : 20
No of customers : 50
SAMPLING TECHNIQUE
• Convenient Sampling (Non- probababilistic Sampling)
© 2006 Prentice Hall, Inc. 5 – 44
Amity Business School
Objectives of the Research
• To have an overview of T-Series.• To know that to what level customers are enjoying and aware of T-Series tv
offered by the company .• Figure out the basic requirements about the tastes and preferences of the
consumer while purchasing a new television from the retailers..• To understand its competitors in business.
• What further improvement can be done in future in this area so as to get brand awareness .
• The main objective how to increase the reputation of T-Series brand in the market.
© 2006 Prentice Hall, Inc. 5 – 55
Amity Business School
DATA ANALYSIS AND INTERPRETATION From Customers
Awareness about Videocon , Samsung , Sony , LG and T-Series by Customers?
Which purchase pattern is followed at your place?
telivision ads
print media ads
Hoardings oters0
5
10
15
20
25
30
35
40
Videocon
LG
Samsung
Sony
T-Series
Individual
family78%
Purchase pattern of consumers
22%
© 2006 Prentice Hall, Inc. 5 – 66
Amity Business School
Where you prefer buying consumer durables
You prefer to buy from the same as you have mentioned in above que. Because of following reasons
30%
50%
10%
10%
Sales
Co. Shoppee
Showroom
Exhibitions
On-Line
24%
18%
26%
12%
20%
Sales
Attractive Price
Service
Demonstrations
Offers
Convenience
© 2006 Prentice Hall, Inc. 5 – 77
Amity Business School
Up to how much money are you willing to spend on a t.v at this time?
Do you prefer any financial scheme to purchase consumer durable?
Less than 20000
20000-30000
30000-40000
40000-50000
Above 50000
0
5
10
15
20
25
30
Series 1
Series 1
© 2006 Prentice Hall, Inc. 5 – 88
Amity Business School
Interpretation from Retailer
Which brand is most asked by customers?
Which other brands of LED do you place in the category similar to T-series?
LGSO
NY
SAM
SUNG
TOSHIB
A
VIDEOCON
T-SERIE
S
OTHERS0%
5%
10%
15%
20%
25%
30%
35%
BRANDS
Column1
20%
20%
20%
30%
10%
Sales
SHARP
HAIER
CROMA
SANSUI
ADC
© 2006 Prentice Hall, Inc. 5 – 99
Amity Business School
Does the customer seek your option while purchasing LED TV?
If he/she comes up with some brand name already in their mind, does it change after seeing various other brands in display?
YES NO SOMETIMES0
1
2
3
4
5
6
7
8
9
Series 1
Series 1
30%
50%
20%
Sales
YES
NO
SOMETIMES
© 2006 Prentice Hall, Inc. 5 – 1010
Amity Business School
Does the warranty period factor change the customers mind?
How important are the following factors to the customers when they are looking to purchase LED TV?
60%
30%
10%
Sales
YES
NO
SOMETIMES
VERY IMPO
RTANT
IMPO
RTANT
NOT IMPO
RTANT
0
2
4
6
8
10
12
14
16
BRAND IMAGE
PRICE
AFTER SALES SUPPORT
WARRANTY
FEATURES
© 2006 Prentice Hall, Inc. 5 – 1111
Amity Business School
Swot Analysis
Strength
• Insfrastructure availability• The company has a strong
goodwill in the market• Ability to take advantage of
economies of scale• Simple distribution network
which saves the cost and there is unambiguity
Weakness
• Cheap brand image.• Weak advertisements and
promotions• The retailers and customers are
not fully satisfied with the quality and packaging of the product
• No exclusive show rooms.• No proper approach of target
customer.
© 2006 Prentice Hall, Inc. 5 – 1212
Amity Business School
opportunities
• Serving additional customers groups and expanding into new product segment
• Ability to grow rapidly because of sharp rise in demand
• There is scope in the unexplored rural markets and untapped remote areas
• Expanding the product line• Price has come down; now more
and more people are going for it.
Threats
• Likely entry of potential competitors
• well established distribution network of other companies
• Entrance of global competitor like china.
• Brand loyalty is more of samsung &other company.
• Competitor has a new innovative substitute product or service.
• Brand reputation is not good.
© 2006 Prentice Hall, Inc. 5 – 1313
Amity Business School
RECOMMENDATIONS AND SUGGESTIONS
1.Collect detailed feedback from the distributors about the sales and the nature of problem that are faced by them while selling the product of the company to the consumer
2.The company T-series needs to put more efforts in branding their products in the market. Print advertisement are not sufficient
3.Display share should be increased . As it also believes that “JO DIKHTA HAI WO BIKTA HAI”. The training to in shop demonstration should be given at frequent time interval and feedback should be considered positively.
4. T-Series should improve it’s after sale service because its hits badly T-Series market share in Noida region.
5. The marketing managers should make better relations with dealers.
6. Customer considers quality as their first preference, so the company should give more stress on this.
© 2006 Prentice Hall, Inc. 5 – 1414
Amity Business School
THANK YOU