Beruflich Dokumente
Kultur Dokumente
ON
MARKET SEGMENTATION AND TARGETING AT VASUNDHRA
BUILDING HOMES.
SUBMITTED TO:
SUBMITTED BY:
MISS ANJALI GUMBER
Siddharth Karakoti
ROLL.NO. 1266250028
(ASSISTANT PROFESSOR)
B.B.A 5TH SEM
Siddharth
Karakoti
ROLL.NO. 1266250028
ACKNOWLEDGEMENT
It gives me immense pleasure to express our sincere and whole hearted
sense of gratitude to my guide for their invaluable and untiring guidance
and supervision throughout my study. To derive benefits of their enormous
experience, it is a matter of great privilege for me. I take this opportunity
to express my sincere thanks and full appreciation to my guide Miss. Anjali
gumber and my Company Manager Mr.Ujjwal Gagneja who extended their
wholehearted cooperation, moral support and rendering ungrudging
assistance whenever and wherever it needs. I wish them very best in their
life.
Siddharth Karakoti
ROLL.NO. 1266250028
DECLARATION
I Siddharth Karakoti of BBA V semester Of DEVSTHALI VIDYAPEETH hereby
declare that this project report AT VASUNDHARA BUILDING HOMESis
written and submitted by me under the guidance of Miss ANJALI GUMBER
is my original work.
The entire analysis and conclusion of this report are based on the
information which is collected by me during the training period.
The empirical finding in the report are based on the data collected myself
while preparing this project. I have not copied anything from any source or
other project submitted for the similar purpose, if any.
Faculty Guide:
Name:
Student
Signature
PREFACE
A student of management only with theoretical knowledge is like a wandering ship in the
ocean, without compass. The exposure to real market scenario gives one the base, practical
experience, which serves as a compass in the directionless ship to reach its destination against
all odds from all its rivals.
vasundhara building homes, which has been actively involved in striking a balance between
its commercial activities and corporate social responsibilities.
The project on real estate is selected on the basis of its outreach, importance of the project
and nature of the project.
I really enjoyed working in the congenial environment of the company office and got to learn
hard-core facts of life along with knowledge. I have tried my level best to cover maximum in
the minimum possible time available, if there is any lacuna, I regret for that.
EXECUTIVE SUMMARY
In my summer internship of 1months 20days, I joined vasundhara building homes (India) Pvt.
Ltd. and the topic which I got to do research on was Study of marketing strategy towards
vasundhra building home appliances. In India, consumer durable sector is rising with the
increasing income of public. The consumer durables section consists of flats and villas etc.
The segments I had to do research on were 1bhk,2bhk,3bhk apartments and villas. To know
the marketing strategy towards white goods, I had to go through all the companies competing
vasundhara building homes i.e. flats and villas segment.
For this research I had to go to various places, such as
Chapter 1
Introduction
1.1. Overview of Market segmentation and targeting
1.2. Company Profile
1.3.History of vasundhara building homes
Chapter 2
Objective & Methodology
2.1. Objectives
2.2. Scope of the study
2.3. Research Methodology
Chapter 3
Conceptual Discussion
Chapter 4
Data Analysis
Chapter 5
Findings and Recommendations
ANNEXURES: Include the following details in this section
BIBLIOGRAPHY
CHAPTER 1
INTRODUCTION
CHAPTER 1 INTRODUCTION
1.1. OVER VIEW MARKET SEGMENTATION AND TARGETING
Market segmentation is the process of dividing an entire market up into different
customer segments. Targeting or target marketing then entails deciding which
potential customer segments the company will focus on. Marketing segmentation
always comes before targeting, which helps a company be more selective about who
they are marketing their products to. Marketing segmentation and targeting are
equally important for ensuring the overall success of a company.
Identification
The process of marketing segmentation and targeting are necessary to identify and
target certain demographic groups. Customer demographics can include gender,
age, income, household size, geographic area and even various ethnic groups. One
or more of these demographic segments will be more likely to purchase a
company's products or services, while other demographic segments may be
more suitable for competitive products or services. Hypothetically, a certain new
radio station may discover that their music appeals more to 34-to-54-year-old women
who earn over $50,000 per year. The station would then target these women in their
marketing efforts.
stakeholders who have been with us through our journey and those who keep joining the
family are a standing testimony of our beliefs. Such strong teamwork, dedication and sheer
hard work have ensured that we have won a major trust and faith of all the peoples associated
with this esteemed organization.
Vasundhara Group provides a great opportunity to reap good returns on your investments in
North India's fastest growing industrial hub-Rudrapur. Where the bigger names in Indian
industry Right from Britannia, Parle, Tata Moters, Bajaj, Mahindra & others have started
operations and have invested in industrial and residential projects are already well entrenched
Real estate
Real estate is "property consisting of land and the buildings on it, along with itsnatural
resources such as crops, minerals, or water; immovable property of this nature; an interest
vested in this; (also) an item of real property; (more generally) buildings or housing in general.
Also: the business of real estate; the profession of buying, selling, or renting land, buildings or
housing."[1]
It is a legal term used in jurisdictions such as the uttrakhand Contents
3 References
4 External links
Terraced house (a. k. a. townhouse or rowhouse) A number of single or multiunit buildings in a continuous row with shared walls and no intervening space.
Semi-detached dwellings (in UK, a semi is by definition two units with a party wall).
Duplex Two units with one shared wall. (in UK, a duplex is an apartment on
more than one storey)
Portable dwellings
Tents Usually very temporary, with roof and walls consisting only of fabric-like
material.
The size of an apartment or house can be described in square feet or meters. In the United
States, this includes the area of living space, excluding the garage and other non-living spaces.
The square meters figure of a house in Europe may report the total area of the walls enclosing
the home, thus including any attached garage and non-living spaces, which makes it important to
inquire what kind of surface definition has been used.
It can be described more roughly by the number of rooms. A studio apartment has a single
bedroom with no living room (possibly a separate kitchen). A one-bedroom apartment has a living
or dining room separate from the bedroom. Two bedroom, three bedroom, and larger units are
common. (A bedroom is defined as a room with a closet for clothes storage.)
Major categories in India and the Asian Subcontinent
Builder flats
Villas
Independent Floors
Chapter 2
Objective
&
Methodology
2.2.
RESEARCH METHODOLOGY
Methodology is the analysis of the principle of the methods, rules, and postulates employed
by a discipline.
Methodology refers to more than a simple set of method rather it refer to the rational and
philosophical assumptions that underlie a particular.
COLLECTION OF DATA
There are two way of data collections
Primary data collected through:
Questionnaires
Phone calling
Personal observations
The secondary data collected through:
Newspapers
Magazines
Internet
Sample size
The small sample size of 50 taken and these people asked different question.
Population area
All the local areas of rudrapur,kichha and gadarpur.
2.3.
SCOPE OF STUDY
In this project I have tried to present and know about the training and development
programs being presently followed in VASUNDHRA BUILDING HOMES and the
feedback, I collected from different employees during my interaction with them The
scope of training and development can be explain with the help of following pointsThe study can be used to design a proper product, price, place and promotional
strategy for the market.
1. From the present study we can know the market share of different products and
accordingly formulated strategy to enhance it.
2. The result of marketing success can be interpreted to assess the rate of employee
satisfaction in various departments.
3. This study can be applied to find out an effective distribution channel to enhance the
sale of various products of vasundhara building homes.
Chapter 3
Conceptual
Discussion
they are marketing their products to. Marketing segmentation and targeting are
equally important for ensuring the overall success of a company.
Identification
The process of marketing segmentation and targeting are necessary to identify and
target certain demographic groups. Customer demographics can include gender,
age, income, household size, geographic area and even various ethnic groups. One
or more of these demographic segments will be more likely to purchase a
company's products or services, while other demographic segments may be
more suitable for competitive products or services. Hypothetically, a certain new
radio station may discover that their music appeals more to 34-to-54-year-old women
who earn over $50,000 per year. The station would then target these women in their
marketing efforts.
Types
Marketing segmentation and targeting can be used for both consumer and
business customers. Besides demographics, other ways to segment
consumers is by different psychographic or behavioralistic characteristics,
such as their interest and usage rate, respectively, according to the article
"Market Segmentation" at Net MBA, a well-respected online business
reference site. Business customers are usually segmented by company
type and size. For example, a small food distributor may likely target small
or mid-sized restaurants, hospitals and nursing homes.
Function
Marketing segmentation can be a lengthy process. It is important for the
company to know exactly which segments represent the most potential
sales for its business. After a company identifies all possible market
segments, it can start targeting these customer segments with direct
mail, magazine, radio, television, and even Internet marketing. Targeting
specific customers entails creating the right advertising message with the
right media. For example, an ad for an expensive perfume would be wellsuited for one or more premium style magazines that fill grocery store
magazine racks.
Segmentation involves finding out what kinds of consumers with different needs
exist. In the auto market, for example, some consumers demand speed and
performance, while others are much more concerned about roominess and safety.
In general, it holds true that You cant be all things to all people, and
experience has demonstrated that firms that specialize in meeting the needs of
one group of consumers over another tend to be more profitable.
Generically,
there
are
three
approaches
to
marketing.
In
the undifferentiatedstrategy, all consumers are treated as the same, with firms
not making any specific efforts to satisfy particular groups. This may work when
the product is a standard one where one competitor really cant offer much that
another one cant. Usually, this is the case only for commodities. In
the concentratedstrategy, one firm chooses to focus on one of several segments
that exist while leaving other segments to competitors. For example, Southwest
Airlines focuses on price sensitive consumers who will forego meals and assigned
seating for low prices.
Michael Treacy and Fred Wiersema suggested in their 1993 book The Discipline of
Market Leaders that most successful firms fall into one of three categories:
Customer intimate firms, which excel in serving the specific needs of the
individual customer well. There is less emphasis on efficiency, which is
Treacy and Wiersema suggest that in addition to excelling on one of the three
value dimensions, firms must meet acceptable levels on the other two. Wal-Mart,
for example, does maintain some level of customer service. Nordstroms and Intel
both must meet some standards of cost effectiveness. The emphasis, beyond
meeting the minimum required level in the two other dimensions, is on the
dimension
of
strength.
Repositioning involves an attempt to change consumer perceptions of a brand,
usually because the existing position that the brand holds has become less
attractive. Sears, for example, attempted to reposition itself from a place that
offered great sales but unattractive prices the rest of the time to a store that
consistently offered everyday low prices. Repositioning in practice is very
difficult to accomplish. A great deal of money is often needed for advertising and
other promotional efforts, and in many cases, the repositioning fails.
To effectively attempt repositioning, it is important to understand how ones brand
and those of competitors are perceived. One approach to identifying consumer
product perceptions is multidimensional scaling. Here, we identify how products
are perceived on two or more dimensions, allowing us to plot brands against
each other. It may then be possible to attempt to move ones brand in a more
desirable direction by selectively promoting certain points. There are two main
approaches to multi-dimensional scaling. In the a prioriapproach, market
researchers identify dimensions of interest and then ask consumers about their
perceptions on each dimension for each brand. This is useful when (1) the market
researcher knows which dimensions are of interest and (2) the customers
perception on each dimension is relatively clear (as opposed to being made up
on the spot to be able to give the researcher a desired answer). In the similarity
rating approach, respondents are not asked about their perceptions of brands on
any specific dimensions. Instead, subjects are asked to rate the extent
of similarity of different pairs of products (e.g., How similar, on a scale of 1-7, is
Snickers to Kitkat, and how similar is Toblerone to Three Musketeers?) Using a
computer algorithms, the computer then identifies positions of each brand on a
map of a given number of dimensions. The computer does not reveal what each
dimension meansthat must be left to human interpretation based on what the
variations in each dimension appears to reveal. This second method is more useful
when no specific product dimensions have been identified as being of particular
interest or when it is not clear what the variables of difference are for the product
category.
Difference
Between
Stereotyping
&
Segmentation
by Neil Kokemuller, Demand
Market
Media
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Define Market Segmentation & Targeting
The Basic Steps in the Management Planning Process
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Examples of Great Employee Goals
2.
Choose the segment(s) that fits best with the organizations objectives and goals
3.
Chapter 4
Data Analysis
NO.
OF
RESPONSE
RESPONDENT
SERVICE
10
BUSINESS
15
PROFESSIONAL 10
OTHERS
15
PERCENTAGE
20
30
20
30
NO. OF RESPONDENT
SERVICE
BUSINESS
PROFESSIONAL
OTHERS
INFERENCE:
Overall 50% of the respondents were services and
business provided by VASUNDHARA BUILDING
HOMES.
50%
were
professional
and
others
with
VASUNDHARA BUILDING HOMES provided by them.
NO.OF
PERCENTAGE
RESPONDE
NT
CUTOMER
APPROACHED
V.B.H.
COMPANY/AGENT
20
40
COMPANY/AGENT
APPROCHED
CUSTOMER
30
60
INFERENCE:
40%
of
the
respondents
approached
the
VASUNDHARA BUILDING HOMES/agent.
60% of the respondents were approached by the
company/agent.
QUES 3): How do you percieve the after sales service of marketing.
RESPONSE
EXCELLENT
GOOD
BAD
NO.
OF
RESPONDE PERCENT
NT
AGE
20
20
10
40
40
20
NO. OF RESPONDENT
EXCELLENT
GOOD
BAD
INFERENCE:
Overall 40% of the respondents were sales services
and excellent provided by VASUNDHARA BUILDING
HOMES.
40% were good and 20% bad with VASUNDHARA
BUILDING HOMES provided by them.
OPINION
NO. OF RESPONDENT
YES
60
NO
40
NO. OF RESPONDENT
YES
NO
INFERENCE:
As the shows that 60% respondent sat that the company provide
training for safety and 40%say the company dont provide any type
of training for safety.
PERCENTAGE
60
NO
CANT SAY
30
10
PERCENTAGE
YES
NO
CANT SAY
INFERENCE:
As the graph shows that 60%respondentthe real concept
and 30%dont knows and remaining are unable to say
anything.
RESPONSE
YES
NO
PERCENTAGE
60
40
PERCENTAGE
YES
NO
INFERENCE:
Which is shows above 60% people often said that the employee
relation interactive and effective 40%people did not accept this
programs.
QUES 7): Are you about all the changers or not in the company?
RESPONSE
YES
NO
PERCENTAGE
60
40
PERCENTAGE
YES
NO
INFERENCE:
The 60% people said that they usually informed about the all the
activities to company and 40%were wordless.
QUES 8): Do you think that employee activities increase the efficiency and productivity
of the company?
RESPONSE
YES
NO
CANT SAY
PERCENTAGE
60
30
10
PERCENTAGE
YES
NO
CANT SAY
INFERENCE:
Questionnaire
Name of respondent-.
Address
Phone
-.
-
kinds of accupation?
Service
Business
Professional
Others
Data buying process of the public?
Customer approached company
Company approached customer
How do you percieve the after sales service of marketing.
Excellent
Good
Bad
Are you company provide proper of safety?
Yes
No
Do you know the real concept of employee relation?
Yes
No
Cant say
Is the employee relation being provided to you was effective?
Yes
No
Are you about all the changers or not in the company?
Yes
No
Chapter 5
Findings
and
Recommendatio
ns
5.1.
FINDINGS
The research brings that there are less dealers in the RUDRAPUR market who
are dealing with VASUNDHARA BUILDING HOMES appliances.
The after sales service of VASUNDHARA BUILDING HOMES is not as
good as to the competitors.
The promotional activity is lesser in the market that makes the newly launched
flats and villas in the market.
Dealers are having lesser margin in selling VASUNDHARA BUILDING
HOMESs product in comparison to its competitors.
Lack of variety of flats and villas in terms of prices is also one of the factor
that makes VASUNDHARA BUILDING HOMES 1bhk,2bhk,3bhk flats and
villas.
5.2.
SUGGETIONS
Company has to provide the dealers after sales service for products problem.
They have to offer more variety of products and design to the customers.
Recommendation by observation
Sometimes company can give reward to those dealers and agents for their good
achievement and it will increase their interest and motivation. It will also help the
company to build more profit and effective
Need to design all the products and services which could bring the loyalty.
5.3. CONCLUSION
Vasundhara Group provides a great opportunity to reap good returns on
your investments in North India's fastest growing industrial hub-Rudrapur.
Where the bigger names in Indian industry Right from Britannia, Parle,
Tata Moters, Bajaj, Mahindra & others have started operations and have
invested in industrial and residential projects are already well entrenched.
Come, Discover the magic and a lifestyle in the lap of heavenly Dev
Bhoomi Uttarakhand. All the stakeholders who have been with us through
our journey and those who keep joining the family are a standing
testimony of our beliefs. Such strong teamwork, dedication and sheer hard
work have ensured that we have won a major trust and faith of all the
peoples associated with this esteemed organization.
5.4.
BIBLIOGRAPHY