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TRAINING REPORT ON CONSUMER BEHAVIOR TOWARDS NEWSPAPERS Submitted to MAHARSHI DAYANAD UNIVERSITY, ROHTAK
In partial fulfillment of the requirements For the award of the degree of
MASTER OF BUSINESS ADMINISTRATION (INDUSTRY INTEGRATED) (I Semester) Submitted by DEEPAK SINGH REG.No.1073901263 ROLL No. 1090210010
Delhi Institute of Higher Education (ELC CODE: 330911003) Community Centre, Near Police Station, Sector - 3, Rohini, Delhi - 110085
CERTIFICATE
This is to certify that Deepak Singh , a student of the Maharshi Dayanand University, Rohtak, has prepared his Training Report entitled Consumer Behavior Towards Newspapers at Mail Today, under my guidance. He has fulfilled all requirements leading to award of the degree of MBA (Industry Integrated). This report is the record of bonafide training undertaken by him and no part of it has been submitted to any other University or Educational Institution for award of any other degree/diploma/fellowship or similar titles or prizes.
Anudeep Arora
DECLARATION I hereby declare that the Training Report conducted at Mail Today, 2E/22, 1st FLOOR JHANDEWALAN EXTN. NEW DELHI- 110055 Under the guidance of Anudeep Arora Submitted in Partial fulfillment of the requirements for the Degree of MASTER OF BUSINESS ADMINISTRATION (Industry Integrated) To MAHARSHI DAYANAND UNIVERSITY, ROHTAK
Is my original work and the same has not been submitted for the award of any other Degree/diploma/fellowship or other similar titles or prizes
Place Date
: :
ACKNOWLEDGEMENT
A collaborative project of this nature does not exist in vacuum but its conception and completion need support, help and positive couragement. On reflecting back honesty, at the completion of the project, I discover a debt to others that cannot be understated. I believe it is not only appropriate but also imperative to acknowledge all those who have directly and indirectly shaped this work into this present form, specifically those who stand out most notably in their contribution to the content of my work. First and foremost, I would like to thank almighty God for giving me the opportunity to work in MAILTODAY under the able guidance of eminent guides. I owe an enormous debt of gratitude to my esteemed project guide, Mr. SUMIT MATHUR
DGM (Sales) of MailToday, a man of rare combination of erudition and grace, for providing academic and insight and intake. His able guidance, valuable advice, critical evaluation of my work and confidence in my abilities has always been moving spirit behind my work. Mere acknowledgement may not redeem the debt I owe for the perennial encouragement and unfailing support I received from my friends.
DEEPAK SINGH
TABLE OF CONTENT
Title 1. INTRODUCTION: a. General Introduction about the sector. b. Industry profile. i. Origin and development of the industry. ii. Growth and present status of the industry. iii. Future of the industry 2. PROFILE OF THE ORGANIZATION: a. Origin of the Organization. b. Growth and development of the Organization. c. Present status of the Organization. d. Functional Departments of the Organization. e. Organization structure-and Organization chart. f. Product and Service profile of the Organization/ Competitors. g. Market profile of the Organization. 3. DISCUSSIONS ON TRAINING: a. Work profile (Role and Responsibilities), tools and techniques used. b. Key learnings
4. STUDY OF SELECTED RESEARCH PROBLEM: a. Statement of research problem. b. Statement of research objectives. c. Research design and methodology.
CHAPTER 1
AN INTRODUCTION
1 INTRODUCTION:
1.1 General Introduction about the sector. 1.2 Industry profile. 1.2.1 Origin and development of the industry. 1.2.2 Growth and present status of the industry. 1.2.3 Future of the industry
1.1
Press is the fourth estate the other three being the legislative and the judiciary. It owes its emergence following long struggle between the disputes and people for establishment of democracy and representative institutions. The press is supposed to play crucial role of a watchdog to see that, the foreside in situation functions fairly within the constitution of framework and serve the people of whose they were created. The newspaper can initially be defined as a written means of conveying current information. This means that the first organized attempt to provide such a service occurred in ancient Rome. Where newsletters conveyed what was going in the capital to the father reach of the Roman Empire. According to the survey of world association newspaper yomiuri shim bun a Japans news paper stands in rank 1in Worlds 100 largest news paper. The circulation of yomiuri shin bun is nearly about 1.4 crores. There are 15 Indian newspapers in the least. Table no. 1.2.1worlds biggest newspaper by circulation CIRCULATION COUNTRY (THOUSANDS) LANGUAGE OWNER Yomiuri Shimbun Group BCCL Kasseri & Sons Ltd.
Daily Mail and General Trust
NEWSPAPER
Japan
14,067
Japanese
India
3,146
English
32 THE HINDU
India
1,272
English
11 DAILY MAIL
U.K 2,311 English Source: Wikipedia.com, list of 100 top circulation newspapers
Indian newspapers are the cheapest in the world. Newspaper companies in India came to be projected as public service institutions after independence. However, in the late 1980s, they became just another fast moving consumer commodity. The companies started aggressive marketing and promotional strategies to increase circulation and readership. The industry witnessed tough competition both regionally and nationally. In 1999, the top 10 newspapers accounted for about 90% of the readership and the top two made 90% of the profits. There was fierce competition for the advertising rupee by late 1990s; electronic media like television had made a dent into the print media revenues. Print media was facing a squeeze due to the increasing popularity of television-initially colour television and then satellite television.
INDUSTRY PROFILE
The All India Federation of Master Printers (AIFMP) is an apex body. Recognized by the government of India, which is established in the year 1953.Representing more than 16 million printers of the country. AIFMP draws its strength from 52 regional associations spread all over the country, which is affiliated, to the AIFMP
Print Industry encompasses almost every field in a country's economy. The industry generates an assortment of objects like Newspapers, Magazines, Books, Business Order Forms, Post Cards to Memo Pads, etc. that comes in use in our day to day life. Being one of the most well established media forms in our country, Indian Print Industry comprises mainly of newspaper and magazine publishing. However, share, though substantial, made by book In recent years, the Indian print industry is recorded a 12.6% CAGR which is expected to grow till Rs 232 bn from Rs 128 bn by 2011. On the whole, newspaper industry shares the size of approximately Rs 112 bn whereas magazine segment accounts for Rs 16 bn only. Higher literacy levels- At present, Indian print industry has its reach to over 220m people, whereas newspaper is read only by 27% of people of India, as compared to the average 50% globally. In India, the rate of literacy has increased to 71.1% in 2006, as compared to 69.9% in 2005. Where literacy rate in rural segment has touched 64.8%, urban literacy has increased to 85.3%.
1.2.3
Back in the 1980s, futurists predicted that by the year 2000, paper would virtually disappear and be replaced by computers, electronic mail, and digital communications. During the 90s, with most offices reliant on computers and word processors, it seemed very likely. And at the advent of the millennium, the new media of e-mail and the Internet made the paperless office almost a certainty. But a funny thing happened. Instead of paper disappearing, there was a demand for more paper than ever. As information became more accessible through the sheer amount of content available over the Internet, it created a need to print material that was formerly either not obtainable, or available through a different media. The most common things that are printed off of computers today are (in order) e-mail, research, news, and entertainment. The speed of the Internet has given us instant gratification, which has made us less patient and more demanding. Consumers have been spoiled by easy access to high quality, inexpensive color printers. This easy access to advanced technology has made virtually anyone with desktop publishing and user-friendly software able to produce professional looking newsletter, flyers, invitations, etc. New innovations will be driven by consumer demand for more portability. With wireless computers will come wireless printers for PDAs and laptops in airports, hotels, parks, and libraries. So where does that leave the print industry? Will that disappear or will it evolve to a different level? Printers will need to re-create themselves if they are to be players in the new playing field. Skills such as programming, database management, and web designing will be necessary. And new equipment such as digital printing and software will be common.
CHAPTER 2
2.1
Thomas Jacob, Singapore-based International Development Director of Associated Newspapers, described Mail Today, a newly launched JV newspaper in India to the IFRA conference today. For more on Indias newspaper market, see the video/posting I did with Raju Narisetti of Mint, another newly launched Indian newspaper.
India has a 8-9 percent GDP growth projected, a retail explosion and 62 percent of population under the age of 32. 5. An Indian newspaper industry poised for growth Indias level of 117 copies per thousand people compares with 540 in Hong Kong, 385 in the UK and 250 in the US. Indias current adspend is just 0.38% of GDP, compared with a level of 0.9 to .98 percent in many developed markets. Circulation is growing for all newspapers and local ad growth is running at 23 percent.
Visit http://indiatodaygroup.com/ for information on all the offerings from the India Today Group's stable.
Much awaited daily Newspaper from India Today group will hit New Delhi newsstands on Friday. The newspaper has been named Mail Today and is backed by Associated Newspapers (Publishers of Daily Mail) ,UK.
2.2
India Today group said Mail Today, backed by Daily Mail publishers Associated Newspapers, was expected to hit the Delhi market by the end of the week with an initial print run of 1,20,000 copies. The 48-page tabloid will be gradually rolled out across India, jostling for readers in competition with a host of new publications that have been launched in recent years. Mail Today will be a completely different newspaper from the other existing newspapers and it will be a newspaper that the whole of India would be proud of, said India Today chairman Aroon Purie in a statement.
2.3
India Today plans to adopt the highly successful formula used by the Daily Mailing targeting middle class women readers. Purie said womens content was an area not covered by existing Indian newspapers and Mail Today would have it as a differentiating factor. The nearly century old Daily Mail, the second largest selling daily in Britain after the Sun, was the first paper to have a womens page and position itself as a middle class publication, embracing such themes as family values. Mail Todays editor Bharat Bhushan said the papers content would stress taking a stand and highlight people who believed in raising their voices for the good of society. The statement gave no ownership details but there is a limit of 26% foreign ownership in the print
The statement gave no ownership details but there is a limit of 26% foreign ownership in the print media. There have been a slew of newspaper and magazine launches in India including two new general dailies in Mumbai Daily News and Analysis, or DNA and theMumbai Mirror and a new business paper Mint which was launched in February in both New Delhi and Mumbai. Also, HT Media Ltd, publishers of Mint, and arch-rivals Bennet Coleman and Company Ltd, publishers of the Times of India, got together to publish Metro Now, a tabloid. Driving the media spurt in the country of more than one billion people is a booming economy which has created a surge in advertising.
V. Manpower planning 1. Performance appraisal 2. Security of the company VI. Finance department
An Approach to Business that reflects Responsibility, Transparency and Ethical Behavior. Respect for Employees, Clients & Stakeholder groups
ORGANIZATION STRUCTURE
2.6.1
The India Today Group is the largest multimedia conglomerate with interests in print publication, television, radio, programming, internet, art, music & education. Trust, credibility, innovation & excellence have been the cornerstones of the groups incredible success. A very successful spin-off of our quality-conscious Group is INDIA TODAY DIARIES. The division is committed to continuously strive for excellence in producing world class leather, leatherette & bonded leather products such as Organizers, Diaries and other stationery items for sale as premium gifts. Our products truly showcase the best production values pan-India. Starting in 1988 the India Today Yearbook has spawned more than 35 variants. It has been one of the premium diaries which has amongst its loyalists CEOs, professionals, Ad agency Heads, Army officers, bureaucrats, doctors, MNC senior managers. Absolute commitment to quality, meticulous attention to detail and unparalleled level of service has made INDIA TODAY DIARIES a leading specialist in designing of the diaries. Besides the exclusive range of diaries, we have a huge clientele to whom we have provided our customization services.
Product Overview
Over the last Nine years the India Today Conclave has hosted the best minds, providing them a forum to explore and discuss unique ideas, strategies & solutions for the 21st Century World.
The Conclave has been addressed by presidents, prime ministers and thought leaders from around the world. To name a few, former President of India A.P.J. Abdul Kalam; 42nd President of the United States Bill Clinton; former President of Pakistan Gen. Pervez Musharraf; President of Afghanistan Hamid Karzai; 45th Vice President of the USA Al Gore; Indias former and present Prime Ministers, A.B. Vajpayee and Dr. Manmohan Singh; former Prime Ministers of Pakistan Benazir Bhutto and Shaukat Aziz; former Prime Minister of Sri Lanka Ranil Wickremesinghe; former US Secretary of State Colin Powell; former Senator Hillary Clinton; Economists Stanley Fischer and Francis Fukuyama; Futurologist Alvin Toffler; Philosopher & Spiritual Leader His Holiness The Dalai Lama; Author and Nobel Laureate V.S.Naipaul Scientist Craig Venter Author & Physician Dr. Andrew Weil Sports Legend Carl Lewis and many other eminent thinkers & achievers have shared their wisdom and experiences with their equally eminent Conclave audience.
3. Travel Plus
Product Overview India Today Travel Plus has emerged as the countrys finest luxury travel and lifestyle magazine. Going beyond touristy clichs, it presents straight from the heart travelogues written by the best known names in the country. It also showcases the finest in cuisine, shopping and leisure for the upmarket traveler. This publication is a panoramic visual feast. The magazine regularly features a handy travel file that contains news and information on hotel, cruise and travel packages. Every article is accompanied by a resource file on the destination covered, which includes visa information, weather information, hotel recommendation, local transport and sightseeing tips. With its focus every February and August on an India centric bumper issue, this magazine has captured the hearts of every avid traveler
4. Design Today
Product Overview We are surrounded by design, some of it exceptional and some of it average. In a world cluttered with mediocrity, style stands out. Design Today, first launched in October 2001, is a stylish take on living spaces, design and architecture in India and the world, that showcases the work of the most talented and renowned architects in the country and the world. The format of Design Today lends itself to stunning visuals of projects accompanied with crisp writing. It is also full of tips and information on elegant products for the home along with a comprehensive shopping directory. The aesthetic look and feel of the magazine makes a perfect backdrop for the design themes and materials that it features every month. Not only does Design Today feature cuttingedge design and architecture, it also adopts a wholesome, user-friendly approach and gives authentic information that the reader can use, not just admire. As the only magazine of its kind on Indian news-stands today, Design Today has become essential reading for architects, designers, real-estate developers, construction companies and materials business and home-builders. And, of course, anyone with a passion for design.
Product Overview Prevention, the health magazine for the 30-plus Indian woman, was launched in April 2007. Being the largest health magazine in the US, Prevention has shown American women how to lead an active, healthy life for the past 58 years. Two years on, Prevention has become one of the most trusted sources of health information in this country! Many women and men swear by Prevention already. A strong-panel of health experts and a crack team of columnists and journalists have made this possible. For the evolved, health conscious woman, Prevention has within its short existence in India, made a name for itself in the health care industry.
6. Good Housekeeping
Product Overview Launched in October 2004, Good Housekeeping is today the fastest-growing womens magazine in India. It is the contemporary, urban Indian womans self-help manual for all aspects of her life: her home, her relationships with children and friends, her health, looks, and culinary interests. Most of all, Good Housekeeping is a friend who helps her live up to her potential. The magazine is widely read across the country, both by homemakers and working women, who vary in age from the 20s to the 60s and beyond. It has been published for the last 124 years in the United States and over 80 years in the United Kingdom. Today, it has 16 worldwide editions, and a readership of over 58 million around the world. Endorsed by the countrys leading experts, it provides information that is reliable, engaging, spirited and optimistic. The USP is that even while being aspirational in parts, the magazine basically talks of and to real, everyday women.
we can offer.
7. Money Today
Product Overview Money Today is a comprehensive, easy-to-read personal finance magazine that steers clear of the jargon thats common to money-related issues. The content is both topical and timeless. Most important, it is utilitarian, offering readers clear tips on managing their money--be it investing in mutual funds, buying stocks or a house or car. It even offers help when negotiating a new salary or setting up your own business. In short, Money Today takes the guesswork out of investing and helps you maximize your returns.
Product Overview Readers Digest, the worlds most widely-read magazine, is created to inform, enrich, inspire and entertain people from all ages and cultures. With 50 editions in 21 languages, Readers Digest is sold the world over. The magazine has been present in India for the last 55 years and is currently published exclusively by the IndI a Today Group under licence from Readers Digest Association Inc., USA. With a paid circulation of close to 5,50,000 copies per month, Readers Digest is already Indias largest-selling English magazine with a readership in excess of 23,21,000 (Source - NRS) Readers Digest enjoys a very strong bond with its readers. A testament to this loyalty is the fact that a bulk of the magazines circulation is through subscriptions built on reader referrals and acclaimed direct marketing programmes. Under the leadership of the group, the magazine has grown from strength to strength.
9. Mens Health
Product Overview Mens Health was the first magazine to provide service journalism to men, and today, with over 46 editions worldwide, it is the worlds largest and arguably, the most influential mens magazine. Launched in 2006 to address the changing mindscape of the Indian male, the Indian edition of Mens Health is the largest selling and best-read mens magazine in the country, and is often credited with unleashing the six-pack phenomenon in India. You can follow daily updates on www.menshealthindia.com
Product Overview Cosmopolitan isnt just a magazine, its a religion. Now in its 13th year in India, Cosmopolitan is the worlds largest selling magazine, with 200 million readers annually in a 100 countries. Cosmopolitan is about celebrating women; it supports, encourages, entertains, amuses, inspires and upliftshelping its readers be the very best that they can be. For a girl who thinks of herself as fun and fearless, theres simply no other magazine. www.cosmopolitan.in is the online destination for the Cosmo Girl, complete with stories, features, tips, photos and quizzes.
11.Wonder Woman
Product Overview The online destination for Indian Women, www.wonderwoman.in provides the very best content for her in the various roles she plays, be it that of a mother, wife, lover, career woman, fashionista and more. Along with exclusive videos and text content, it provides as avenue for women to chat live with experts in varied fields and interact with other surfers through comments and forums.
12.Headlines Today
Product Overview Headlines Today, Indias first exclusive 24-hr English news channel, was designed for individuals who want more than just news. The all-new Headlines Today has a programming and special features based format that gives the viewer not only the daily dose of news, but also a lot more. Catch all the episodes of your favourite programmes from the channel on www.headlinestoday.in, along with breaking news coverage and hourly updates
13.Business Today
Product Overview Business Today is Indias No.1 business magazine with the highest readership of 6,76,000 amongst all business magazines in the country (SourceNRS). It reaches a highly targeted audience of top business leaders and managers, who are also affluent consumers with diverse tastes and discretionary incomes to match. A product of liberalization, the magazine was founded in 1992 to chronicle the changing business topography of a new India. Since then, it has set new benchmarks in both reportage-led stories and survey-led listings. You can follow the latest updates, business news and all the survey-led listings on www.businesstoday.in. The website features blogs, special features from the editorial team of Indias leading business magazine along with interactives to track the stock markets. The Business Today Magazine is also available digitally across devices like the Kindle, iPad, Mac, Personal Computers and other tablets.
Product Overview Aaj Tak was launched by TV Today Network as a 24-Hour Hindi news channel on 31st December 2000 in line with the Groups mission of exploring the television medium. Aaj Tak emerged as a clear trendsetter by making news a part of the average Indians daily life. In spite of a cluttered news space, Aaj Tak continues to set the news agenda and is the definitive channel of choice during important news events. Since inception, Aaj Tak has maintained its leadership in terms of viewership and impact. Not surprisingly, Aaj Tak has been awarded the Best News Channel by the Indian Television Academy for 10 successive years. Aaj Tak has won several accolades including Abbys, RAPA, Promax, Indian Marketing Awards, Indian Telly Awards etc. In fact, Aaj Tak is the only news channel to achieve a weekly reach of over 50 million. You can also follow Indias leading news channel online at www.aajtak.in with new videos added hourly, along with breaking news coverage, blogs, live chats with anchors and more. Also available on mobile handsets at m.aajtak.in
15.India Today
Product Overview India Today was launched in 1975. And in just a few years, it became the leading news magazine in the country. Now, with editions in five languages, it is the most widely-read publication in Indiaa position it has held for over a decadewith a readership of over 11 million (Source: NRS)
At present, India Today is published in Hindi, Tamil, Telugu and Malayalam. These editions deliver the same credibility, incisiveness and authority to our readers, that has become the hallmark of India Today. To keep pace with the diversifying interests of its affluent readers, the India Today Group has added 5 magazines to its value proposition Simply, Aspire, Woman, and Spice & Home. In its online avatar, www.indiatoday.in brings you a daily connect with Indias leading news magazine through special articles, blogs, columns, breaking news coverage and more. Also available on mobile handsets at m.indiatoday.in. The India Today Magazine is also available digitally across devices like the Kindle, iPad, Mac, Personal Computers and other tablets.
2.6.2 Competitors
The Hindu TYPE FORMAT OWNER PUBLISHER EDITOR FOUNDED LANGUAGE Political allegiance HEADQUARTERS CIRCULATION WEBSITE DAILY NEWSPAPER BROAD SHEET KASTURI & SONS N.RAM N.RAM September 20,1878 ENGLISH --------CHENNAI The Hindustan Times DAILY NEWSPAPER BROAD SHEET HT Media LTD Shobhana Bhartia Vir Sanghvi 1924 ENGLISH Centrist New Delhi, India
12,72,000(Citation needed) 1,143,000 Daily website = THE HINDU The Indian Express www.hindustantimes.com
DNA
DAILY NEWSPAPER BROAD SHEET Diligent Media cor. R Jagannathan July 30,2005 ENGLISH Mumbai
DAILY NEWSPAPER BERLINER Indian Express Group Shekhar Gupta 1931 ENGLISH Mumbai, Chennai, Madurai, India
WEBSITE
Daily newspaper Broadsheet Bennett, Coleman & Co. Ltd Jaideep Boss 1838 English New Delhi
www.timesofindia.com
(www.wikipedia.com) Every aspect of the India Today Conclave is meticulously planned and executed to give it the unique luster that makes it a highlight of the international events calendar year after year.
There are so many Competitors are there in the newspaper market for example HT, Times of India, Mid Day they serve their as like as mail Today.
2.7
Mail Today is a newspaper established in November 2007 , and published by the India Today Group in a joint venture with British newspaper Daily Mail (which is part of the Associated Newspapers Group). Associated Newspapers holds 26% stake which it bought at Rs. 18 Crore Currently there is one edition of the paper published from Delhi which consists of 48 pages.
The Daily Mail is a British, daily middle market tabloid newspaper. First published in 1896 by Lord Northcliffe, it is the United Kingdom's second biggest-selling daily newspaper after The Sun. Its sister paper, The Mail on Sunday was launched in 1982. Scottish and Irish editions of the paper were launched in 1947 and 2006 respectively. The Daily Mail was Britain's first daily newspaper aimed at the newly-literate "lower-middle class market resulting from mass education, combining a low retail price with plenty of competitions, prizes and promotional gimmicks", and the first British paper to sell a million copies a day. It was, from the outset, a newspaper for women, being the first to provide features especially for them, and is still the only British newspaper whose readership is more than 50% female. LMI was founded in 1975 and its first publication was India Today which was a fortnightly news magazine. Aroon Purie is the Chairman and Editor-in-Chief and Ashish Bagga is the CEO.There have been a slew of newspaper and magazine launches in India including two new general dailies in Mumbai Daily News and Analysis, or DNA and theMumbai Mirror and a new business
CHAPTER 3
3. DISCUSSIONS ON TRAINING:
3.1 3.2 Work profile (Role and Responsibilities), tools and techniques used. Key learnings
3.1
In MAIL TODAY, My role was management trainee in the organization working towards the progress and development of the organization. My responsibility is to increase the sales of Subscription and choose the Mass functioning Clients for the company. My main role is too aware the customer about my company and to work towards achievement of the allotted target.
My Role is expected to accomplish following task: To find Preference of students or customers towards newspapers. To understand media habits to consumer. Attitude towards Mail Today. To study the factors affecting apt customers to read Mail Today. a. Pricing b. Scheme c. Format d. content
In our project we had been assigned the task to find out reasons why apt customers (who know English) do not read The Mail Today newspaper and which factors make them uncomfortable about Mail Today. For that we went to Institutes, Societies, Tuition classes, Gardens, Seminar Halls and where our potential customers can be found. We surveyed Delhi Institute of Higher Education
Page 44of 100
My responsibility is not only to increase the sales of Subscription and choose the Mass functioning Clients for the company but also submitted weekly progress report to Mr. Sumit Mattur at Jhandewalan office My Responsibility is expected to accomplish following task: Submission of weekly report Selling the Mail Today subscriptions Handling the customer quarries and their problem To increase the brand image and awareness among the reader Handling the team Maintain the decorum of the work To encourage and motivate the management trainees
My Team leader made me to think conceptually and broadly and taught business tactics which were really effective and valuable.
3.2
Key Learning 3.2.1 Management Decision Problem 3.2.2 Buying Behavior 3.2.3 Consumers Behavior 3.2.4 Factors influencing consumer behavior 3.2.5 Details Model of Factors Influencing Consumer Behavior 3.2.5.1 Cultural Factors 3.2.5.2 Social Factors 3.2.5.3 Personal Factors 3.2.5.4 Psychological Factors 3.2.6 Buyer Decision Process 3.2.7 Purchase Decision
To find the solution and to arrive at conclusion for the above-mentioned management decision problems, a descriptive research was undertaken by using survey method. A structured questionnaire was given to respondents and designed to elicit specific information. This was done with the help of personal Interview. This method has several advantages. First, the questionnaire is simple to administer. Second the data obtained are reliable because are responses are limited to the alternatives used. Finally coding, analysis and interpretation of data are relatively simple. But one of its major disadvantages is that respondents may be unable or unwilling to provide the desired information. Secondary data such as information from websites, books and company sources was taken to assist primary data. Data collected was interpreted and analyzed with the help of various tools such as tables, pie charts, bar charts and histograms.
CULTURAL
SOCIAL
PERSONAL
PSYCHOLOGICAL
Highlighting the personality in consumer behavior, psychologists interested in marketing have often referred to the contribution of personality traits. The personality traits differ in every individual.
Perception: Perception is a major psychological factor that influences consumer behavior. The various ways in which the consumer perceives products and services plays a large part in his behavior in the market place. Learning: Learning refers to change in behavior, immediate or in future as a result of pervious experience. Buying behavior is critically affected by the learning experience of buyers. Attitudes: Attitudes are persons feeling in regards to some object or idea which may influence his buying behavior. Attitudes may be described as a predisposition of a person to act or react in a certain manner towards the Stimulus. Marketers may change attitude by producing a direct change in behavior. Stages in the buyer decision process: In making a purchase decision the consumer goes through the six stages of Need Recognition Pre-Purchase Information Search Evaluation of Alternatives Purchase intention Purchase decision Post Purchase Behavior
Need Recognition
Search
Evaluation of alternative
Purchase Intention
Purchase decision
Feed back
Individual influences
Environmental Influences
CHAPTER 4
4.1 STUDY OF SELECTED RESEARCH PROBLEM: 4.1.1 Statement of research problem. 4.1.2 Statement of research objectives. 4.1.3 Research design and methodology.
Problem is To find out reasons why apt customers do not read Mail Today newspaper
The objectives of project are: 1) Preference of students or customers towards newspapers. 2) To study the factors affecting apt customers to read Mail Today. 3) To understand media habits to consumer. 4) Attitude towards Mail Today. 5) To study the market development strategy of Mail Today.
CHAPTER 5
5.1
Question No. 1
1) What are you doing? (A)Student (B) Employee (C) Businessman (D) Other (please specify)....
TABLE NO. 5.1 Showing category of Respondents Category Students Employees Businesspersons Others No. of categories of 263 82 49 6 non-Mail Today Mode = Students(263)
263
100
50 0
82 49 6
Students Employees Businesspersons Others
As per survey conducted Study was focused on those individuals who know English but do not read English newspaper. According to above graph, students and employees were major segments that consist of approx. 86% of total non-Mail Today readers.
Question No. 2
2) Which news paper are you reading? 1) T.O.I 4) The Hindu 2) H.T 3) E.T
75 50
Times of India and Hindus Times are the most circulated newspapers; approx 63% educated individuals are reading those newspapers in Delhi. These two newspapers are read by educated person, who know the English very well, so this is the big opportunity to extend the market and convince them to read Mail Today. Only approx 23% educated people reads English newspapers.
Question No. 3
3) How do you feel when you hear the name of Mail Today? ( Please tick on any one of graphics)
[[[[[
TABLE NO. 5.3 Showing different attitude Attitude(Graphical Scale) No. of respondents whose attitude towards Mail Today Percentage of attitude towards Mail Today Mean = 80 Good 248 62 Mode Neutral 126 32 = Good (248) Bad 26 6
Neutral 32%
Good 62%
Neutral Bad
Approx 62% educated respondent who dont read Mail Today but their attitude towards Mail Today is good. This shows Mail Today having good brand or image in the mind of potential customers. Approx 32% educated respondent are having neutral attitude towards Mail Today. These respondents read Mail Today very hardly. These people know English but like to read other newspaper. They may not be much aware of the importance of Mail Today product
Question No. 4
4) What do you think about quality of information of Mail Today as compare to other English newspapers? (A) Excellent (B) Good (C) Fair (D) Poor (E) Cannot say
TABLE NO.5.4 Showing scale of quality of information of Mail Today Cannot Excellent Good Fair Poor say 121 205 40 6 28
QUALITY No. of respondents Percentage of Quality of information provided by Mail Today Mean = 80
30 Mode
51 10 2 = Good (205)
Excellent 30%
Fair 10%
Good 51%
The quality of information provided by the Mail Today is good because approx. 30% respondents said excellent and 51% good. This shows that Mail Today information is too specific and the newspaper is too friendly in nature. Above mean there are two categories 1.Excellent and 2. Good. So we can say that the most of people think Mail Today have quality of information with simple language.
Question No. 5
5) If you are subscribing any other newspaper then a expert says to purchase Mail Today than extra cost of Mail Today will important for you (A) Very important (C) Neutral (B) Fairly important (D) Not so important
TABLE NO. 5.5 Showing how much extra cost will important for respondents Very Fairly Not so Not at all Important important Neutral Important important Scale No of respondents who think Importance of paying Extra cost of Mail Today over being Subscribed 92 98 114 71 25 Delhi Institute of Higher Education
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Importance of paying Extra cost of "Mail Today" over being Subscribed Not at newspaper
V. Imp. 23%
Very Important Fairly important Neutral Not so Important Not at all important
Every educated or non educated family is subscribing English newspaper (except Mail Today); if any person from that family wants to read Mail Today then they have to pay extra amount for Mail Today. This extra amount is very important for them. Now according to survey approx 47% respondent said this extra amount is important for them so they do not read Mail Today. For approx 24% respondents did not given importance to extra cost of Mail Today. And they became agree to subscribe newspaper. Approx 29% are neutral in paying extra cost. These respondents were first convinced with importance of Mail Today and they gave us their address and contact number for subscription but their parents do not read and write English so they are subscribing nonEnglish newspapers as they were not able to convince their parents. This is my assumption that this type of people come in this category.
Question No.6 6) (a) If somebody provide you Mail Today at free of cost, than are you going to read it? why________________________________________ TABLE NO. 5.6.1 Showing effect of providing Mail Today free of cost
National Free Improveand Not of ment in Inform- Good Good International InterCost Language ation Content Reputation News Ested
57
7.28
13.1
6.79
2.42
1.45
12.13
Mean
Approx 60
Mode
GRAPH 5.6.1 Showing Percentage of effect of providing Mail Today at free of cost
According to our survey, approx 57% respondents are ready to read Mail Today newspaper, if we provide at free of cost, it means that they are aware about it but they
Hardly ever
If we provide Mail Today at free of cost than 234 respondents said that they are going to
read newspaper very often, it means they like this newspaper. Mean is 80 which is near to Delhi Institute of Higher Education
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Question No. 7
7) How much reliable information of Mail Today is? (A) Very much (B) Much (C) Neutral (D) Not much (E) Not at all
117 80
164
84 Mode
28 = Much (164)
According to our survey, approx 281 out of 400 respondents rely on information provided by Mail Today, because of following these three reasons 1. Strongest brand in newspaper 2. Not adding mirch masala in news by Mail Today.
Question No.8
8) Ticks on more than two relevant boxes. Time constrains to read any (English) newspaper. More time consumption to read English newspaper (Mail Today) Not easily available in your area (service/delivery problem ) (mention area____________________________________) Requirement to read other newspapers. Mention name Prefer to read Hindi newspapers at your home TABLE NO.5.8 Showing the problems faced by respondents Prefer Hindi Time Time News Constraints Consumption Not Read Paper Any For Mail Easily Other At Newspaper Today Available Newspaper Home 134 31 110 28 85 45 29 106 11 6 24 Mode Time constrains (134)
Like metro cities, Delhi people do not have time to read newspaper. They update
themselves by Internet, T.V. and radio. They just watch T.V. channels where channels like AAJ TAK, CNBC give information of every half an hour and get news. Approx 28% respondents have problem of time consumed to read any English newspaper, their English is not much improved so they get irritated by this and ultimately they switch over from English to N.B.T newspaper. In Hindi state, most of peoples mother tongue is Hindi, so approx 24% respondents prefer to read Hindi newspapers at their home. Educated family is also subscribing one Hindi newspaper at their home so their family members are definitely going to read Hindi newspaper.
Sexy Images
Other
56 14
88 22 Mode
24 6 Nothing(228)
Nothing 58%
nothing
sexy image
more ad. other
Approx 58% respondents like each and every thing whatever comes in Mail Today. But some of them said that they could not subscribe and read it in front of their family because of sexy images of modals, some said more advertisement.
TABLE NO.5.10 Showing respondents who having problem with language of Mail Today Strongly Strongly Scale Agree Agree Uncertain Disagree disagree No. of respondents have problem with understanding language 63 161 72 77 27 In % 16 40 18 19 7 Mean 80 Mode Agree(161)
S. Agree 16%
Agree 40%
APPROX 56% respondents are agree with problem of understanding language of Mail Today so it shows that respondents are very weak in understanding English language . People like to read Hindi newspaper than English newspaper even though they know English very well. They said that they are more comfortable with Hindi. So they like to read Hindi newspaper.
TABLE NO. 5.11 Showing coverage of local news Strongly Scale Agree Agree Uncertain Coverage of 59 86 155 news 15 21 39 In % 80 Mean Mode
Disagree
Strongly disagree
84 15 21 4 Uncertain(155)
4%
Disagree 21%
S. Agree 15%
If we look at graph then we can find that approx 36% respondents agree with that Mail Today is lacking in covering local news. They like to read local news first than national. They find more local news in local newspaper. Approx 39% respondents are uncertain about this. It means Mail Today is lacking in covering local news or people are not aware about it. Only approx 21% people disagree. Here mean is 80 and every data except uncertain are close to mean. More value is above mean that also prove that Mail Today lacking in covering local news. Delhi Institute of Higher Education
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TABLE NO.5.12 Showing people who think Mail Today is going to add value Strongly Strongly Scale Agree Agree Uncertain Disagree disagree No. of People who think Mail Today going to add value in 79 169 99 32 21 their life 80 Mean Mode Agree(169) GRAPH 5.12 Showing
No.of People who think Mail Today going to add value in their life
32 Uncertain 99 21
Strongly Agree 79
Agree 169
Uncertain
Disagree
Strongly disagree
248 respondents agree with Mail Today going to add value in their life if they read Mail Today. So it shows Mail Todays importance in their life. They think that by reading Mail Today their English, life style, status are going to improve. 99 respondents are uncertain about it.
Question No. 13
13) Is Mail Today providing information effectively to you? A) Strongly agree B) Agree C) Uncertain D) Disagree E) Strongly disagree
TABLE NO. 5.13 Showing information provided effectively to you Scale Effectiveness information Mean Strongly Agree of 93 80 127 105 Mode 49 26 Agree(127) Strongly Agree Uncertain Disagree disagree
Effectiveness of information
127 105
49 26
Agree
Uncertain
Disagree
Strongly disagree
Effectiveness of providing news to reader of Mail Today is good. 127 respondents agree with this thing.
Question No. 14
14) Are T.V., Radio or internet giving more knowledge than Mail Today? A) Strongly agree B) Agree C) Uncertain D) Disagree E) Strongly disagree
TABLE NO. 5.14 Showing T.V and RADIO give more knowledge than Mail Today Strongly Strongly Scale Agree Agree Uncertain Disagree disagree knowledge more than 82 120 110 51 37 Mail Today 20 30 28 13 9 In % 80 Mean Mode Agree(120)
Agree 30%
1) Qualification Of Students (1) S.S.C (2) H.S.C. (3) Diploma (4) Graduate (5) Post Graduate (6) Engineers (7) Others___ TABLE NO. 5.15 Showing qualification of students Qualification Post of students H.S.C S.S.C Diploma Graduates graduates Others Engineers No. of Students 7 54 15 81 16 13 77 Mode Graduates(81)
15
16
13
Out of 263 students, 81 are graduates, 74 are engineers and 54 are H.S.C students. So majority of students are graduate and engineers.
Question No. 2
3) How do you feel when you heard name of MAIL Today? (Please tick on any one of graphics)
TABLE NO.5.16 Showing attitude towards Mail Today Attitude No. of students Mean Good 176 Approx 90 Neutral 78 Mode Bad 9 Good (176)
176
78 9
Good
Neutral no of students
Bad
Approx 70% students having good attitude towards Mail Today. It means they like to read Mail Today may be in their college library, friends home or where Mail Today is coming. 78 students attitude is neutral because these students like only local newspapers and read Mail Today very rarely.
Question No. 4
4) If you are subscribing any other newspaper then a expert says to purchase Mail Today than extra cost of Mail Today will important for you (A) Very important (C) Neutral (B) Fairly important (D) Not so important (E) Not at all important
TABLE NO. 5.17 Showing Effect of Paying Extra Cost Mail Today category scale no. of respondent In % Mean very fairly important important neutral 64 24 59 23 52 72 27 Mode not so not at all important important 55 21 13 5
neutral 27%
Most of students do not have income source and decision power n their hand. Suppose students have income source but cannot take decision without taking decision from his family members.
Question No. 5
5) Ticks on more than two relevant boxes. Time constrains to read any (English) newspaper. More time consumption to read English newspaper (Mail Today) Not easily available in your area (service/delivery problem ) (mention area____________________________________) Requirement to read other newspapersMention name Prefer to read Hindi newspapers at your home
percentage of respondent
Required to read other newspaper 7% Not easily availeble 11% Prefer Hindi news paper at home 25%
Students are studying with job so they do not have that much of time to read English newspapers. Todays generation prefer news from T.V. internet and radio. So they do not prefer to read any newspaper. 26% students have problem with more time consumption to read English newspaper because they always like to communicate in Hindi language.
Agree 41%
strongly agree
agree
uncertain disagree strongly disagree
Most important thing is understanding language of any English newspaper and approx 52% students are facing this problem. Due to this they fear to subscribe English newspaper and switch over Hindi newspaper. These students may be studying in Hindi medium and do not required level of English.
52
Mode
Agree (127)
percentage of people think that Mail Today is going to add value in there life
Strongly Disagree 3%
Disagree 8%
Agree 48%
Uncertiain 54
Disagree 20 Strongly Disagree 8
Uncertiain 21%
Most of the students are agree that Mail Today is going to add value in their life they can improve their English.
Question No: 8
8) Are T.V., Radio or internet giving more knowledge than Mail Today? A) Strongly agree B) Agree C) Uncertain D) Disagree E) Strongly disagree TABLE NO.5.21 Showing Who Is Giving More Knowledge Than Mail Toay Strongly Strongly agree uncertain disagree Category scale agree disagree Numbers of respondents Percentage of people think that TV. Radio Mean 62 23.57 86 32.69 65 24.71 29 11.02 21 7.98
52
Mode
Agree(86)
Disagree 11%
Percentage of people think that T.V RADIO or Internet give more knowledge than Mail Today strongly disagree
8%
Uncertain 25%
Agree 33%
Todays generation are very fast they are getting information from TV and radio and
Internet they dont want to spend their time in reading newspapers.
Most of the students are spending their most of time in front of TV and Internet so they
get most of information from there.
5.2
INTERPRETATION OF QUESTIONNAIRE
Approx 86% respondents are students and employees, who are Non-Mail Today readers. Educated people also like to read Hindi newspaper, because of their convenience with Hindi language. Because of good branding and too specific to information or news, approx 81% respondent think, quality of information of Mail Today is good. If expert suggest then to read Mail Today then extra amount of Mail Today over being subscribe Hindi newspaper, is very important for them. Now if we provide Mail Today at free of cost, then 57% of respondent going to read it, it means people do not feel worth to its prices or money is more important them and frequency of reading Mail Today (if we provide Mail Today at free of cost) is very often because 234 out of 400 respondents are ready to read Mail Today every day. 231 out of 400 respondents rely on information provided by Mail Today because of it brands, taking opinion from readers, and not adding mirch masala to it news. 31% respondents do not have time to read newspaper because of tight schedule or job. They get news from T.V., internet and radio. 28% respondents have problem with understanding language of Mail Today because of they do not know English perfectly. 24% respondents prefer Hindi newspaper at home because; they habituated to read Hindi newspapers with their family members. Mail Today comes with so many sexy images so member of family do not like to read is front of members. Most of respondent (approx 56%) have problem with language of Mail Today. There people prefer other news paper not Mail Today.
CHAPTER 6
6.1
Market plays an important role in everybodys life directly or indirectly. Somewhere down the line it affects the life of everyone, no matter how insignificant the person may be. I came to know about it only when I faced the real market and interacted with the actual customers. It has been a good learning experience and the market taught a lot of things which I never thought of. The awareness level of people about news paper. The working experience at Mail Today was mixed. As mentioned in profile I had to contact raw prospects then making them aware of my organization and products. Sometimes they were interested sometimes they werent. But one thing I got at every single time, and that was confidence and the number of queries. Those queries prepared me better for the next times. As I monitored, there were many clients who used to rely more on the salesman rather than the company. While marketing the product, I also came in contact with several people who wish to have some brand name associated with their investment which made our job a bit easier. Hence, it could be concluded that future of this industry is bright and proper knowledge in this particular field may help one to explore new heights in his career.
6.1.1 CONCLUSION
From above survey we conclude that
Non-Mail Today reader has a problem with understanding language. Mail Todya lack in covering local news. New generation like to take news from T.V, RADIO and INTERNET or any electronic media. Educated people like to read Hindi newspaper. In peoples mind, money is very important for them. During survey we found some strengths of Mail Today like1. Non-Mail Today have good attitude towards Mail Today. 2. They think Mail Today provide quality of information. 3. Mail Today will add value to their life. 4. Provide information effectively 5. They rely on information given by Mail Today
2. More career news on regular basis (twice or thrice a week) on Mail Today
newspaper or start two supplements on career per week.
3. Approx 50% respondents think extra cost of Mail Today, over being subscribed
newspaper, is important for them.
To penetrate into the market for various reasons (based on finding and inferences.) 1. Make it compulsory for Vendorwala to put banner outside their home with toll
free phone number and vendorwalas mobile number and one lead line number.
2. Give toll free number on every copy of Mail Today one specific location.
3. Give some copies (fix 100, 200) to persons are coming in big clubs to make habituate to Mail Today.
4. Start SMS alert on mobile of short news. For register mobile number make some
arrangement in Mail Today website.
5. Improve distribution channel. As new generation like to take information from internet so improve e-paper, make reader
friendly, and make it easy to assess.
Mail Today should survey like the Divya Bhaskar is doing they should give the
questionnaire in their paper .Divya Bhaskar is doing this survey every six months and find out the results of it and they will make the changes according to the consumers preferences. We had attached that questionnaire.
A) Which news paper are you reading? 1) T.O.I 4) The Hindu 7) E.T 2) H.T 5) Business Standard 3) The Indian Express 6) N.B.T
B) How do you feel when you heard name of Mail Today? ( Please tick on any one of graphics)
C) What do you think about quality of information of Mail Today as compare to other English newspapers? (B) Excellent (B) Good (C) Fair (D) Poor (E) Cannot say D) If you are subscribing any other newspaper then a expert says to purchase Mail Today than extra cost of Mail Today will be important for you (A) Very important (B) Fairly important so important (E) Not at all important E) If somebody provide you Mail Today at free of cost, than are you going to read it? Why? - ______________________________________ What will be frequency of reading Mail Today? (A) All of the time(B) Very often (C) Often (D) Sometime(E) Hardly ever F) How much reliable information of Mail Today? (A) Very much (B) Much (C) Neutral (D) Not much (E) Not at all G) Ticks on more than two relevant boxes. Time constrains to read any (English) newspaper. Delhi Institute of Higher Education
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(C) Neutral
(D) Not
BIBLIOGRAPHY: Books:
Kotler, Philip, et al., Marketing Management: A South Asian perspective, (13th ed; Delhi: Dorling Kindersley (india) 1994) Ch.6 & 8. Rao S. Shreenivas, Hand Book for Writers And Editors, (10th ed; New Delhi: (AMA2007) ch.6, page no. 49,ch.8, page no. 64-67,ch. 10, page no.102-111. Zinmund William G., Business Research Methods, (7th ed; New Delhi: Cengage Learning India Private Limited2002) ch.4, page no. 58-75
Internet:
S.no Name of site Article Name Date of the site visited
www.wikipedia.com
Mail Today, the Hindu, the 25 June 2011 Hindustan, Newspaper industry. Brief history industry. of newspaper 30 June 2011
www.newspaperin dustry.com
www.pbs.org
What you should know about 30 June 2011 newspaper industry? Case study of the Hindustan Vs 30 June 2011 The Times of India. What is going on newspaper industry? About company. Archives of newspaper industry. in the 1 July 2011
www.icmindia.com
www.mpdailyfix.com
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