customer brand perception of various economic dailies
TRANSCRIPT
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Customer Brand perception of various Economic dailies
By
Deepika Iyer - 14
PGDM Marketing
2011-2013
At
Summer Internship Project 2012
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Corporate Guide
Mr. Harshal Phadnis &
Mr. Mahesh Gorwar
Location of Work
Central Suburbs
Project Duration
May2012 – June 2012
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Industry Profile
James Augustus Hickey is considered as the "father of Indian press" as he started the first Indian newspaper from Kolkata by the name of “Bengal gazette” in January 1780
The first newspaper in an Indian language was the Samachar Darpan in Bengali. The first issue of this daily was published from the Serampore Mission Press on May 23, 1818
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Organizational Profile
Business Standard started in 1975 by the Anand Bazar group in Kolkata previously Calcutta.
The paper was hived off as a separate company in 1996, and then bought by Mumbai-based financial investors
Currently Business Standard has publication in 12 different cities in India.
Business Standard sells approximately 226,000 copies daily, making it the third largest in the business newspaper segment
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Continued
Mr. T. N. Ninan was editor from 1993 to 2009. In January 2010, Mr. T. N. Ninan became chairman and Editorial Director
The current editor of Business Standard is Mr. Sanjaya Baru.
Approximately 200 people are employed in the editorial team, including well-known Indian journalists viz:Mr. AK Bhattacharya,
Mr. Sunil Jain
Mr. Shyamal Majumdar
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Continued
The daily has extensive coverage of the financial markets and is patronized by the investors – big and small.
To cater to needs of the retail investor, special focus is provided in the form of extensive coverage on Personal Finance.
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Supplements and Magazines
Supplements -
Strategist (Monday)
Smart investor (Tuesday - Friday)
Weekend (Saturday)
Magazines –
Motoring Indian
Management The Fund
Manager, Banking Annual, BS1000 (Annual basis)
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Major players in Indian market
Economic Times Mint Financial Express Financial
Chronicle Business Line
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On the Job Training
To increase the Subscription for Newspaper as well as for Magazines
To provide the customers with the free gift and coupons for the first month, so that the newspaper gets delivered to them as early as possible
To liase with the existing customers (from the database) and obtain feedback about the delivery of the newspaper and also renew their subscription for the following year
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Research Methodology
Research Topic“Customer Brand perception of various
Economic dailies”
Research Objectives To study different factors that influence the
customers to buy an economic daily. To study the brand switching behavior of the
customers in the economic daily segment. To analyze strategy opt by the competitors in
actual market and its cause and effect relationship with customers.
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Continued
Defines The Problem And Research Objectives
Developing Research Plan
Primary Data Secondary Data
Survey Method
Observation Method
Personal Interview
Mail Questionnaire
Telephonic Interview
Magazines
Websites
Internet
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Continued
Sampling units
Sampling units of this project are - Financial newspaper readers , cities of Dombivli, Kalyan, Ambarnath, Badlapur and other suburban cities of Mumbai.
Sampling technique
Non Probability, Convenience sampling
Sample size
The sampling size of my study is 50 respondents
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Data Analysis and Interpretation
1. Do you read financial daily? Yes / No
100%
1 2
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2. Which financial daily do you read?
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3. How frequently do you read a financial daily?
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4. How much time do you spend reading a newspaper?
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5. Which language will you prefer of your financial daily?
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6. Which factor you will consider before buying financial daily?
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7. Which are the important sections of a financial daily that you read?
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8. Which are the important attribute you will consider for your financial daily?
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9. Are you an Investor?
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10. Benefits you derive from the Investing decision from the financial daily
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11. Do you purchase financial daily on regular price or under scheme?
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12. Are satisfied with the existing financial daily?
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13. If you were given option to change to some other financial daily, will you accept it? To which financial daily you will opt for under Annual subscription scheme?
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14. If you are already into the Annual subscription scheme, are satisfied with the service from the existing financial daily?
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15. Do you have any complaints regarding the service from the existing financial daily?
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Interpretation of the data analysis
Business standard has excellent quality and
content as compared to any other newspaper
Lack of brand awareness and service in some
areas
Preference towards annual subscription scheme
is high
More emphasis to Service, Unbiased
Information, Content, Language, Detailed
Analysis, Stock Market coverage and
investment tips
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Objective 1: Alternate Hypothesis is accepted and Null Hypothesis is rejected
There are different factors which influence the customers to buy an economic daily
Objective 2: Alternate Hypothesis is accepted and Null Hypothesis is rejected
Objective 3: Alternate Hypothesis is accepted and Null Hypothesis is rejected
Different strategies of the competitors has cause and effect relationship with customers
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Recommendation
BS may like to consider Sunday’s edition in its subscription
To enhance the quality of distribution channel of the magazines
May consider to add new stock market news and information of bonus of different companies
Increase the number of centres from where the newspaper is available
Management may consider to design a vendor Relationship Management program
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Continued
BS can improve a MIS and keep a track of its readers.
Increase the font size Provide higher incentives to
vendors Increase the brand awareness in
the public Have a consistent relationship with
the existing customer
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Conclusion
Economic Times most preferred newspaper
Stock market news is most preferred followed by
company news & advertisement in business
newspaper
Price factor is not major concern for majority of
newspaper buyers
BS provided me a wonderful opportunity to
learn about wide variety of business techniques
& to visit various corporates, institutions &
enterprises
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THANK YOU