Beruflich Dokumente
Kultur Dokumente
ON
Operations and Marketing of Wellness Industry
SUBMITTED IN PARTIAL FULFILLMENT FOR THE AWARD OF THE
DEGREE OF
BACHELOR OF BUSINESS ADMINISTRATION
SUBMITTED BY:.
Adewitiya Singh
BBA(G) V SEMESTER
2014 2017
This project work, which is my first step in professionalism, has been successfully
accomplished only because of timely support of my well-wishers. I would like to pay
my sincere regards to those, who directed me at every step in my project work.
First of all I would like to express my thanks to Prof. Dr. R.K Tyagi (Director,
Maharaja Surajmal Institute) for giving me such a wonderful opportunity to widen the
horizons of my knowledge.
I extend my thanks to my project guide MRS. SHAVITA DESHWAL for her scholarly
guidance, constant supervision and encouragement. It is due to her personal interest
and initiative.
Last but not the least, I would like to thanks friends and parents who have directly
or indirectly contributed in making this project a success, it is tribute for their
valuation.
Despite of all efforts I have no doubt that error and obscurities remain that seen to
afflict a working project for which I am capable.
_____________________
Adewitiya Singh
BBA(G) V SEMESTER
TABLE OF CONTENTS
Chapter 1: Introduction
Research Methodology
Bibliography
Chapter 1
Introduction
Beauty & Wellness Industry in India
4 To study the final product developed by Eros Intl. and how it will
fare in the market.
RESEARCH METHODOLOGY
Research methodology is considered as a nerve of the project. Without a
proper well- organised research plan, it is impossible to complete the
project and to reach any conclusion. The main objective of survey was to
collect appropriate data, which work as base for drawing conclusion and
getting results. 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.
RESEARCH DESIGN
DATA COLLECTION
Data collection is any process of preparing and collecting data, for
example, as part of a process improvement or similar project.
Data can be collected by two methods:
1) Primary Method
2) Secondary Method
Primary methods
Primary sources are original sources from which the researcher directly
collects data that have not been previously collected, e.g., collection of data
directly by the researcher on brand awareness, brand preference, brand
loyalty and other aspects of consumer behaviour from a sample of
consumers by interviewing them.
Secondary methods
Concern about the validity: The issue arises from the fact that
qualitative research does not rely on tests for reliability or credibility
that are external to data collection and analyses.
Labour intensive data collection: It can be extremely time consuming.
Data collection is the labour intensive process the researcher
immerses himself or herself to build an understanding of the
organisation, through contact with the employees, exposure to the
norms and familiarity with their practices.
The sample area and sample size has been limited due to time
constraint.
We have released over 190+ films over the last three fiscal years. We have
released films in 7 Indian languages and they have been distributed in over
50 countries and dubbed/sub-titled in over 25 languages. Our considerable
distribution capabilities enable us to target a majority of the 1.2 billion
population in India, a market that is demonstrating significant economic
growth, a prosperous film industry, one of the largest television markets in
the world, and burgeoning popularity of broadband and mobile platforms
among consumers..
Parent, Eros International Plc is the 1st Indian media company to list on the
New York Stock Exchange in November 2013.
Tagline/ Slogan -
STP
Target Group Across all segments in India and south Asian countries
Positioning High and rich film base and very high budgeted movies
SWOT Analysis
1. Extensive content library of over 1900 films, plus another 700 films
for which they digital rights only built up over three decades
2. Apart from the above films, the Group also has a slate of regional
films in Marathi & Punjabi as well as Tamil films through its subsidiary
Ayngaran and some smaller scale Hindi releases.
3. Distribution network allows tailoring of marketing arrangements for
each local market.
4. Increased margins through self-distribution
5 internationally across all formats.
6. The group distribution network of over 50 countries
7. Strong online presence.
8. Business in home and digital media and In house VFX studio.
9.A selection of our Theatrical Partners such as PVR which help in
Strengths cross branding.
Weaknesses 1.Conflict of interest between the big stars due to involvement of many
stars
2. Non availability of exhibition centers
Competition
Eros Labs
Experiment
Fail
Learn
Repeat.
StartupVitamins
Our Portfolio
AlternaCare
AlternaCare is a remote healthcare access platform that allows patients to be
able connect with a highly qualified doctor within minutes on a phone call,
text message, app or website.
House Of God
The mobile application is called Indulge and our pre-launch website can
be accessed through the link here www.justindulge.in
We hope to work closely on this venture with you and would love to capture
some basic information to create your profile!
Why you should be on Indulge
Expand your reach and visibility to potential customers looking for
home services
Fill up your empty periods through targeted deals
Grow your business with good reviews from happy customers
Learn through our deal usage statistics and our intelligent algorithms
what users are looking for
How it works
1. Create your profile - Basic information and pictures
2. Define your services - Enter services and pricing details
3. Launch deals - Post deals on services defined
Other Information
Listing on Indulge and deal posting is completely free of cost!
Our mobile application on iOS and Android
You can create your profile using the
link www.justindulge.in/mechant/login
TECH TEAM
Our tech team is skilled at rapid prototyping, extensible, open and
scalable rollouts and has experience across a number of industry
areas.
We let you focus on your business with the clear knowledge that the
tech you'll work with is top notch.
PRODUCT TEAM
Our product team will help you define your product, work out specs,
use cases, flows, wireframes, designs and so on, and hand over to
the tech guys to build out your product.
RESOURCES
Worry about your product, not about what it costs to build (within
reason)! We'll help you figure out what it costs to build your idea out,
and then if we can all agree to launch it, whaat funding will be
required post launch to successfully take it to market and acquire
customers.
Our Models
INTERNAL IDEAS
We constantly generate a raft of ideas that we want to explore. We
come up with these in a number of ways suggestions, brainwaves,
epiphanies and even research! Once we are convinced that we want
to proceed with an idea, we look for folks to come on as business
managers and/or product heads. Our tech and product teams work
with them to develop the idea and launch it to the world!
EXTERNAL IDEAS
If you have an idea that you want to explore but not the technical,
market or financial resources to do so, come talk to us! If we like
what you want to do, well develop the idea and make you a partner.
Our tech and product team will help you build it out and launch it. Its
the easiest way to jump into entrepreneurship!
Chapter 3:
Review of Literature
Literature Review
The market has grown largely in line with our expectations. We had
projected a growth rate of 20% in our 2012 report titled, Winds of Change
The Wellness consumer.
For instance, the salon and spa services segment has witnessed the entry
of a number of global players such as French hair-salon chain, Dessange
International, Jean-Claude Biguine Salon and Spa, Saks Hair and Beauty
salons, Toni and Guy, etc. Similarly, the fitness services industry which,
until a few years back, had only a small number of organised players, today
comprises of 100-plus centre chains. This includes domestic players such
as Talwalkars as well as international chains such as Golds gym, Fitness
First, Anytime Fitness, etc.
The organised market for salons has been growing at a much faster rate
and currently accounts for nearly a fifth of the total market. Going forward,
this is expected to grow as players increase the number of outlets.
Non-surgical or minimally invasive procedures have overtaken surgical
procedures due to lower cost, shorter duration and lesser recovery time
associated with the former. Increased acceptance of such procedures has
been driven by the consumer need to look good and the rising levels of
awareness on its minimal side effects.
Chapter 4
Analysis
and Interpretation
The Beauty & Wellness space in India stands at a whooping 50,000
crores and is set to grow at a 15-17% rate Y-o-Y. But, aside for a few
biggies, there arent many beauty-focused multi-brand retail format
eCommerce stores in the market.
Having said that technology is evolving, and since the consumers are
getting more aware of international trends, the Indian beauty market
remains to be an untapped market, which, with the entry of new players, is
getting crazier and interesting at the same time.
With 35000 products from more than 400 curated, well priced and 100%
genuine brands, Indulge offers a comprehensive range of makeup,
skincare, hair care, fragrances, bath and body, luxury and wellness
products for both, women and men.
As your beauty buddy, Indulge also offers expert advice and guidance,
through their must-read Beauty and Makeup Blog Beauty Book, which
accounts from 25 leading makeup stylists, skin, hair, personal care and
wellness experts who answer any questions or concerns that one may
have related to beauty, health, nutrition and personal care. This section
also includes a Virtual Makeover tool to try and share different makeup
looks as well.
Beyond that, Indulge also has a section called Lets Indulge, which is a
community of fellow members of the portal for all the questions and doubts
that one may have before they purchase a product from the site.
Business Model
Visit www.JustIndulge.in
Click on Account on the top right-hand corner of the page and then
Sign Up to register with Indulge
Once you have shortlisted your choice of purchase, click the Add to
bag button to add them to your shopping bag
Click on your shopping bag on the top-right corner to use the offered
discount coupons by clicking on Got a Coupon Code? Apply it here.
Next, click on the Checkout button and fill in the email address,
shipping address, and payment details.
After the ordered products pass through the final round of quality
check and inspection, they are packed and handed over to Indulges
trusted delivery partners and are delivered
Some of their payment options include: Debit and Credit Cards, Net
banking, Cash on Delivery, PayUmoney, Wallets, e-Gift cards, Wallets, e-
Gift cards
Plus, to ensure that no fake products are sold, Indulge also controls the
entire value chain from product sourcing to final sale too.
With this capital, Indulge.com aims to grow 4x this year and another 3.5x
by 2016. The capital raised is primarily to support Indulges approach to
straddle the online and offline space in beauty and ecommerce industry.
Indulge plans to use these funds to enhance the brands marketing
initiatives, introduce new technology and manage their extensive inventory
which includes over 300 brands and 10,000 SKUs. From Dove to
LOccitane, Indulge is a one-stop shop for beauty online. Indulge has also
tried to create an engagement platform for beauty lovers though offerings
like BeautyBook-an online magazine, DIY videos on YouTube and a wide
fan base on social media platforms.
Competitors of JustIndulge
FSN Ecommerce Ventures Pvt. Ltd.|nykaa.com
Nykaa is an online marketplace that allows users to shop for cosmetics,
fragrance, skin and hair care products.
In just three years, Nykaa has emerged as the largest beauty destination in
India with half a million happy customers depending on us not just for their
favorite brands but also for advice, updates, expert tips and videos on how
to look and feel gorgeous always! With almost 400 curated, well priced and
100% genuine brands and 35,000 products, Nykaa prides itself for offering
a comprehensive selection of makeup, skincare, hair care, fragrances, bath
and body, luxury and wellness products for women and men. We aim to
please, going to the farthest corners of the country to reach you! Today
Nykaa ships across the length and breadth of the country to almost every
zip code using the services of leading and reliable courier companies.
As the last word in all things beauty Nykaa goes beyond just being the
biggest online beauty store. Derived from the Sanskrit word Nayaka that
means actress or one in the spotlight. Nykaa.com is all about celebrating
women, celebrating the star in you... We admire the confidence, strength
and grace with which each and every one of you lives your life. We want to
be your companion as you take on multiple avatars and discover your own
identity and personal style. As your beauty buddy, we make your life a
whole lot simpler by not only providing you with expert advice and
guidance, but also by shipping products right to your doorstep. Nykaa has a
must-read Beauty and Makeup Blog - Beauty Book, an ever growing Expert
Portal section with 25 leading makeup stylists, skin, hair, personal care and
wellness experts to answer any questions or concerns you may have
related to beauty, health, nutrition and personal care, a Virtual Makeover
tool to try and share different makeup looks and a beauty helpline.These
services make Nykaa truly passionate about catering to your every beauty
and wellness need. Because after all, Your Beauty is Our Passion.
Makeup has been around for over a hundred thousand years, and beauty is
only evolving. What started with red pigment clay is now a fascinating world
of foundation, rouge, lipstick, blush, mascara, eye shadow, eye liner, eye
caramba!
Chapter 5
Conclusions and
Recommendations
Bibliography
Reference Books
Marketing Management, Philip Kotler 14th Edition
Research Methodology, C. R. Kothari Second Edition
Strategic Marketing Management, Richard M. S. Wilson, 3 rd Edition
Medical Journals
Clinical Literatures
https://www.pwc.in/assets/pdfs/publications/2013/imperatives-for-growth-the-wellness-industry.pdf
http://www.fatbit.com/fab/spa-salon-booking-websites-script-
features-huge-hit/