Beruflich Dokumente
Kultur Dokumente
Term Paper on
Prepared by
A, B, M Sazzad Hossain. (Serial No: 13)
Eastern University.
Dhaka
16th May 2006, Professor A. K. Fazlul Haque Shah, Course Instructor, Eastern University, Dhaka, Bangladesh. Dear Sir, Here is our report on the Market Demand of a New Ballpoint Pen which you assigned to us as part of our Advanced Research Methodology course. We hope you will find this report objective and accurate. We truly appreciate this assignment, which was really a learning experience for us. Thank you for giving us such an opportunity. We will be available to answer any questions you may have regarding the report. Sincerely yours, A, B, M Sazzad Hossain. (Serial No: 13)
ACKNOWLEDGMENT
A lot of effort and study have gone in to make this report a reality. This would not have been possible without the genuine support and assistance provided by the people whom we approached during the various stages of developing this report. Although space and time constraints do not allow me to mention all of them here, we are nevertheless thankful and grateful for their help and for the patience they have showed during our frequent interruptions to their office works for satisfying our various queries. In fact the FOURTY respondents who had kindly consented to give their time deserve our sincere thanks and appreciation. We would especially like to thank Professor A. K. Fazlul Haque Shah, our course instructor for this course, whom we have frequently consulted for guidance and assistance.
Table of Contents
Executive Summary Background Methodology Sampling method Data Collection Results of the survey Statistical studies Conclusion Appendix: i. ii. Survey Questionnaire used Research proposal
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Executive Summary
In this research that we have carried out the problem statement was "Introducing a new ballpoint pen in the local market". For the sake of anonymity we have refrained from citing the name of the organisation. However, it may not be out of context to mention that we carried out our survey and research on large group of company of Bangladesh that had been facing the problem of finding out the market demand of a new ballpoint pen in the local market and also to find out the important factors for establishing a new ballpoint pen. A survey questionnaire was developed; pre-tested and 40 respondents were randomly selected from a total of 150 MBA students of Eastern University in order to carry out the research. It may be mentioned here that in order to determine the level of importance of six attributes namely: Writing quality, Price, Colour of ink, Shape of body of pen, Brand loyalty, and Promotional activities were chosen to be used in the survey questionnaire. It is observed that a big majority of the respondents think that good writing quality is an important factor for creating the market demand for a ballpoint pen. Initial findings have revealed that only 17.00 percent of the locally employed staff expressed a high level of job satisfaction while 33.00 percent expressed a lower level of job satisfaction. However, the point to ponder is that an overwhelming majority, representing 60.00 percent of locally employed staff expressed their overall dissatisfaction over their present job, of whom 27 percent expressed total dissatisfaction. The research identifies this negative level of satisfaction as a very serious phenomenon that affects the productivity of an organisation. The research also identifies this as a lack of staffs' ownership and possibly the main underlying reason for the increased trend of employee turnover in this organisation.
We would strongly suggest further in-depth descriptive research to precisely ascertain the reason for this downbeat attitude so predominant with the locally employed staffs that is obviously very negatively affecting the organisation both in terms of cost and reputation.
Literature Review
History of ballpoint pen
In 1879 in Providence, Rhode Island, Alonzo T. Cross invented the stylographic fountain pen, a precursor of the ballpoint pen. He engaged in competition with Duncan Mackinnon, the other stylographic pen inventor. In 1880 A. T. Cross separated his business from his father's and renamed his company the A. T. Cross Pen and Pencil Manufacturer. The fountain pen by Lewis Edson Waterman in 1884 was another step forward in the development of writing instruments. The problems of ink, e.g. drying out, remained. They could be overcome by a ballpoint pen. The first to think of it was the German inventor Baum who patented a ballpoint pen (Kugelschreiber) in 1910. However, the first man to actually develop and launch a ballpoint pen was the Hungarian Lszl Jozsef Br (1899-1985) from Budapest, who in 1938 invented a ballpoint pen with a pressurized ink cartridge. He is considered the inventor of today's ballpoint pen. Working as a journalist, Biro noticed that the ink used in newspaper printing dried quickly, leaving the paper dry and smudge-free. From there he got the idea to use the same type of ink for writing instruments. Since the thicker ink would not flow from a regular pen nib, he fitted his pen with a tiny ball bearing in its tip. Moving along the paper, the ball rotates picking up ink from the ink cartridge and leaving it on the paper. This principle of the ballpoint pen dates back to a never commercially exploited patent of 1888 owned by John J. Loud for a product to mark leather. At the very end of 1938, just one day before anti-Jewish laws became active in Hungary, Br fled to Paris before immigrating to Argentina. Agustin P. Justo had suggested to him to travel to Argentina. He gave him his signed card, which should allow Br to obtain a hard to get visa for the South American country; only in the consulate Br found out Justo was no one else than the Argentine President. In 1943 Br obtained a new patent in Argentina and became the country's leading producer of ballpoint pens. The British government bought the patent as the pen's functioning was not affected by high altitude air pressure and would thus be of use to navigators in airplanes. In 1944, a pen under the brand name Biro was produced for the Royal Air Force. Br died in Argentina in 1985. In 1945 Eversharp Co. and Eberhard-Faber acquired the exclusive rights to Biro Pens of Argentina. Their pen
company was re-branded the "Eversharp CA" with CA standing for Capillary Action. Shortly afterwards in 1945, the Chicago businessman Milton Reynolds brought some of Biro's pens from Argentina to the US. With the help of William H. Huenergardt, he created the Reynolds Ball Point Pen, which was put on the US market at the end of 1945 - ignoring the patent acqurired by Eversharp. It became an instant success. However, like Biro's and Eversharp's pens, they were not perfect and often leaked and/or smeared. By 1951, the fountain pen regained its leading position with consumers. The ballpoint pen seemed to have lost the battle. However, in 1954, Parker Pens introduced its first ballpoint pen called The Jotter, which became a success. The same can be said of Patrick J. Frawley Jr. who, in 1949, bought from the Los Angeles chemist Fran Seech an improved ink formula. Seech had lost his job when the ballpoint pen company he was working for had gone out of business. He continued to improve the ink formula he had been working for. Frawley used it when he launched his Frawley Pen Company in 1949. Within one year, he put an improved ballpoint pen on the market, the first pen with a retractable ballpoint tip with no-smear ink. Frawley named his pen the "Papermate". It became a huge success, selling hundreds of millions of copies within a few years. However, within the ballpoint pen battle, the French Baron Marcel Bich, who had founded the BIC Company in 1950, began to dominate the market in Europe and the US in the late 1950s and, by 1960, owned 100% of the Wateman pen company.
they purchase a ballpoint pen? The factors might be price, writing quality, color of ink, shape of the pen, brand loyalty, promotion etc. So to find out the market demand of a new ballpoint pen we have to work out some factors and then we have to take some proper initiatives for successful introducing of a ballpoint pen.
Problem Definition
In the local market there are several established brand of ballpoint pen. Those brands have the major portion of market share in the local market. In this situation we are going to introduce a new ballpoint pen in the local market, which will be a very tough job.
Methodology
A careful review of the problem lead to the following specific areas of research that had to be conducted: The writing quality of the pen Price level of the pen Options for the color of ink Shape & structure of the body of pen Brand loyalty of the existing brands Promotional activities
In order to carry out the research the dependent variable was set as "Preference of Customer" while the independent variables were regarded as Writing quality, Price, Color of ink, Shape of the pen, Brand loyalty, and Promotional activities. Accordingly a questionnaire was designed (attached in appendix) where sample respondents were asked to make circle their level of agreement or disagreement to
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six statements (one from each of the above mentioned attributes) on a Likert scale ranging from 9 to 1. The questionnaire also sought respondent's thinking about the overall market demand of a new ballpoint pen, also in a Likert scale ranging from 9 to 1.
Research design
The survey research method was used as the basic research design. Respondents, randomly selected students of business administration department of Eastern University, were interviewed in person and the researcher used a standard questionnaire for this purpose.
Sampling method
Determination of sample size took into account all relevant aspects (e.g. Section, gender, etc.). The total population (N) comprised of 150 MBA students (from 5th, 4th, and 3rd semester) of Eastern University and the sample population (n) was drawn as depicted in the following table. Semester 5th (R+E) 4th (R+E) 3rd (R+E) Total Population Size 60 40 50 150 Sample Size 20 10 10 40
As seen from the figure the stratified random sampling was used to select the 40 respondents from a total population of 150 students. The 3 semesters were given equal opportunity to be represented and the gender aspect was also taken into consideration while randomly selecting the sample. The sample comprised of 16 female members (representing 40%).
Data Collection
The pre-tested questionnaire was manually and personally given to the sample (respondent) in the classroom of Eastern University before starting any schedule classes. After giving the questionnaire the respondents were given brief instruction to fill up the questionnaire easily. Also the objectives of the study were explained to
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them to keep the honesty of the study. The sample respondents were assured by the interviewer of total confidentiality as regards to their responses.
Graphical Analysis
In case of graphical analysis we have divided the answer of the respondents into 3 major categories- agreed, neither agreed nor disagreed, and disagreed. The score from 9 to 6 is considered as agreed, 5- is considered as neither agreed nor disagreed and for score 4 to 1 we considered disagreed. The result of the survey carried out is now presented as follows: Statement-1: Smooth writing quality is a must for a ballpoint pen. For this statement out of 30 respondents we found the following result
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29 1 0
It is observed that a big majority of the respondents think that good writing quality is an important factor for creating the market demand for a ballpoint pen. Statement-2: Price is a vital factor while purchasing a ballpoint pen.
For this statement out of 30 respondents we found the following result. Agree Neither agree nor disagree Disagree 26 2 2
7%
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Here again it is found that a major portion of the respondents is agreed with this statement, while only 14% are not agreed. Statement-3: While purchasing a ballpoint pen I always check different alternative colors of ink. For this statement out of 30 respondents we found the following result. Agree Neither agree nor disagree Disagree 25 2 3
Statement-3: While purchasing a ballpoint pen I always check different alternative colors of ink
7%
Here we found that 83% of the respondents are choosy to the color of ink of the pen but 10% of them do not go for that. Statement-4: Shape & structure of a pen influence my purchase decision. For this statement out of 30 respondents we found the following result.
30 0 0
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Here, we see a very interesting result. All of the respondents are to some extent agree with this statement, that means all of them think that shape of the body of the pen is the most important factor for a ballpoint pen. Statement-5: I always prefer a special brand while purchasing a ballpoint pen. For this statement out of 30 respondents we found the following result. Agree Neither agree nor disagree Disagree 22 6 2
This result showing that although more than 70% of the respondents are loyal to some brands but around 30% are till not loyal to any specific brand.
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For this statement out of 30 respondents we found the following result. Agree Neither agree nor disagree Disagree 16 10 4
Here we found that a significant number of respondents think that promotional activities are not so important for creating the market demand of a ballpoint pen.
The result shows that almost half of the respondents do not agree with the promotional activities, which is very interesting.
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Statistical studies
The data obtained from the survey was processed statistically by using SPSS and the following results were obtained. Here in the analysis- PC= Preference of Customer, WQ= Writing Quality, CINK= Colour of Ink, and PROMOT= Promotional Activities. In the below table the input for the SPSS is shown. For preference of customer (PC), 1 indicates low customer preference and 2 indicates high customer preference. PC 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 WQ 5 7 9 7 9 9 8 9 9 9 8 9 9 8 9 7 7 7 9 7 9 9 7 8 8 9 8 7 7 8 PRICE 1 9 8 8 8 7 7 7 5 6 9 3 9 7 7 7 7 8 7 8 8 7 8 8 7 8 7 6 5 7 CINK 7 9 5 7 7 7 9 4 7 3 9 3 8 7 6 8 7 6 6 6 9 6 8 8 6 7 6 7 3 3 SHAPE LOYALTY PROMOT 8 9 5 9 5 7 9 8 5 8 7 6 7 8 6 9 9 7 8 7 4 7 7 5 6 4 8 7 6 7 7 8 4 7 8 3 6 3 6 8 6 5 8 5 5 8 8 6 7 6 5 7 8 7 7 8 8 8 5 6 9 9 8 6 5 5 7 8 7 7 8 7 7 5 6 9 8 7 8 6 5 8 6 5 7 8 8 6 3 5
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Discriminant
Analysis Case Processing Summary Un-weighted Cases Valid Excluded N Missing or out-of-range group codes At least one missing discriminating variable Both missing or out-of-range group codes and at least one missing discriminating variable Total 30 0 0 0 0 30 Percent 100.0 .0 .0 .0 .0 100.0
Total Group Statistics PC 1 WQ PRICE CINK SHAPE LOYALTY PROMOT WQ PRICE CINK SHAPE LOYALTY PROMOT WQ PRICE CINK SHAPE LOYALTY PROMOT Mean 8.27 6.73 6.53 7.60 6.67 5.53 7.80 7.20 6.40 7.40 6.73 6.33 8.03 6.97 6.47 7.50 6.70 5.93 Std. Deviation 1.163 2.251 1.995 .986 1.799 1.356 .862 .862 1.682 .910 1.710 1.175 1.033 1.691 1.814 .938 1.725 1.311
Total
Valid-N (list wise) Un-weighted Weighted 15 15.000 15 15.000 15 15.000 15 15.000 15 15.000 15 15.000 15 15.000 15 15.000 15 15.000 15 15.000 15 15.000 15 15.000 30 30.000 30 30.000 30 30.000 30 30.000 30 30.000 30 30.000
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Tests of Equality of Group Means WQ PRICE CINK SHAPE LOYALTY PROMOT Wilks' Lambda .947 .980 .999 .988 1.000 .904 F 1.559 .562 .039 .333 .011 2.982 df1 1 1 1 1 1 1 df2 28 28 28 28 28 28 Sig. .222 .460 .845 .568 .918 .095
Pooled Within-Groups Matrices Correla tion WQ PRICE CINK SHAPE LOYALTY PROMOT WQ 1.000 .321 -.207 -.154 -.129 .134 PRICE .321 1.000 .431 .137 -.174 .167 CINK -.207 .431 1.000 .322 .146 .133 SHAPE LOYALTY PROMOT -.154 -.129 .134 .137 -.174 .167 .322 .146 .133 1.000 .463 .095 .463 1.000 .128 .095 .128 1.000
a. First 1 canonical discriminant functions were used in the analysis. Wilks' Lambda Test of Function(s) Wilks' Lambda 1 .742 Chi-square 7.446 df 6 Sig. .282
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Standardized Canonical Discriminant Function Coefficients Function 1 .874 -.755 .554 .419 -.247 -.627
Pooled within-groups correlations between discriminating variables and standardized canonical discriminant functions Variables ordered by absolute size of correlation within function. Canonical Discriminant Function Coefficients (Unstandardized coefficients) Function 1 .854 -.443 .300 .442 -.141 -.494 -5.156
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Classification Statistics Classification Processing Summary Processed Excluded Used in Output Missing or out-of-range group codes At least one missing discriminating variable 30 0 0 30
Prior Probabilities for Groups Prior PC 1 2 Total .500 .500 1.000 Un-weighted 15 15 30 Weighted 15.000 15.000 30.000 Cases Used in Analysis
Classification Results Predicted Group Membership PC Original Count % 1 2 1 2 1 12 5 80.0 33.3 2 3 10 20.0 66.7 Total
15 15 100.0 100.0
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Conclusion
The research shows that there is a great deal of .
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APPENDIX I - Questionnaire
23rd May, 2006 Prof. A. K. Fazlul Haque Shah, Course Instructor, Advanced Business Research Method, School of Business Administration, Eastern University, Bangladesh. Subject: Submission of the Research proposal of Advanced Business Research Course about The preference of the customer about the new Ball point Pen Dear Sir/Madam: It is a great pleasure to introduce ourselves to you. We are the student of Eastern University, a leading private university of Bangladesh and we are enrolled in the MBA program. As part of our course we are assigned to submit a research report by our honourable course instructor Prof. A. K. Fazlul H. Shah for our Advanced Business Research paper. We made following questionnaires pertains to project being conducted by our group. The intention of the study is to get the understanding the preference of the customer about the new Ball point pen. The questionnaire will take at best 5 minutes of your valuable time and we seek your kind cooperation to conduct our research by filling up the questionnaires. We assure you that, the information provided by you will be kept canceled and your name will in no way be reveled in connection with the questionnaire. In our questionnaire we have described some important factors that will determine the market demand of a Ball point pen. Please indicate your level of agreement or disagreement, for each of the statement. Here we have used Preference of the Customer as Dependent variable, which will depend on this following independent variables- Quality of the highlighting, Price , Ink Color, Shape of the pen, Brand loyalty, Promotional activity Thank you very much for your consideration. Yours truly, A, B, M Sazzad Hossain, Serial: 13 The students of MBA (R) program, 5th semester, 5th batch, Eastern University, Bangladesh. Md.Masudul Amin. Serial: 31 The students of MBA (R) program, 5th semester, 5th batch, Eastern University, Bangladesh.
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Questionnaire for the DATA collection on the: Customer preference of a Ball point Pen
(Please circle the number that you think most appropriate for the related statement.) 1. For my written purpose I prefer a ballpoint. Extremely Strongly Agree Some Agree Agree what Neither Agree Disagree Some what Disagree Disagree Strongly Extremely Disagree Disagree
Agree nor
5
Neither Agree
4
Some what Disagree
1
Extremely
2. Highlighting quality is very important attribute of a ballpoint pen. Extremely Strongly Agree Some Agree Agree what Disagree Strongly Disagree Disagree
Agree nor
Disagree 9 8 7 6 5 4 3. Price is vital factor while I purchase a ballpoint pen. Extremely Strongly Agree Some Agree Agree what Neither Agree Some what Disagree
Disagree Strongly
Extremely
Disagree Disagree
Agree nor
Disagree 9 8 7 6 5 4 3 2 1 4. While purchasing a Ball point pen I always check different alternative colors of ink. Extremely Strongly Agree Some Agree Agree what Neither Agree Disagree 5 Some what Disagree 4 3 2 1 Disagree Strongly Extremely Disagree Disagree
Agree nor 9 8 7 6
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Neither Agree
Disagree Strongly
Extremely
Disagree Disagree
Agree nor
Disagree 9 8 7 6 5 4 3 2 6. I always prefer a special brand (existing) while purchasing a Ball point pen Extremely Strongly Agree Some Agree Agree what Neither Agree Some what Disagree 2 Disagree Strongly
1 Extremely
Disagree Disagree
Agree nor
Disagree 9 8 7 6 5 4 3 7. I am influenced by the Promotional activities of a Ball point pen. Extremely Strongly Agree Some Agree Agree what Neither Agree Disagree 5 Some what Disagree 4 3
1 Extremely
Disagree Strongly
Disagree Disagree
Agree nor 9 8 7 6
Research Proposal On
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Dependent Variable:
Preference of customer
Independent Variable:
1. 2. 3. 4. 5. 6.
Quality Price Color of ink Shape and structure of pen Loyalty of Existing Brand Promotional activities
The Population of Dhanmondi, Different University and college of Dhaka, Motijheel, Uttara area. Students of Eastern University, Dhaka Personal Interview (using 9 point Likert scale)
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