Beruflich Dokumente
Kultur Dokumente
Presented by : Deepesh Belwal Richa Sharma Satyabrata Rath Siddhartha Basu Umang Dubey
Store manager
HR
Department manager
Marketing division
Food items
General merchandise
Warehouse
Cashing
SEGMENTATION:
Big Bazaar targets higher and upper middle class customers. The large and growing young working population is a preferred customer segment. Big Bazaar specifically targets working women and home makers who are the primary decision makers.
TARGET SEGMENT:
the Big Bazaar targets itself directly at the average Indian's love of following the crowd and scrambling for a good discount.
POSITIONING
With a slogan of "Is se sasta aur accha kahin nahi!" ("Nowhere cheaper or better than this!"), they try them self to position as one stop shop for every thing.
Positioning
10
Occasionally shops and interested more in the offers and discount Shops less argues more :Voices dissatisfaction openly but still comes back for more offers. Difficult to handle but can be converted into loyal customers.
Repeat purchase
Time Consuming
Neighborhood residents Aware of the schemes and regularly visit the place Looks out for extra benefit like loyalty cards, total purchase discount ,points out dissatisfaction in a systematic manner. Happy to Shop usually comes back for more offers and discount but want extra benefits for loyalty. Offer extra benefits(Perceived or actual) for Consumers always look forsuggestions for improvement and correction.. the purchase they make and this concept is utilized by the Food Bazaar Resistant to change. Value Chain Retail format to achieve higher sales . Loyal Customer
IN-STORE EXPERIENCE
The organized retail format has changed the way people shop today. Not only has it provided the ease of access and availability of product and service , the concentration is on the customers in store experience which cannot be provided in an unorganized retail via Delightful Music, Lively display and Lighting, Sanitation and hygiene and Ambience. Analysis: The results show that around 73% of the respondents are highly satisfied with the overall store experience and consider lighting of the store (Visibility)to be relatively better to other parameters. The overall customer responses shows high level of satisfaction among all the attributes measured.
180
0% 14%
bad ok good
13%
73%
20 0 music temperature lighting cleanliness
Staff Support
In a customer oriented business, the personal interaction between the seller and customer plays an important role in the purchase decision thus several attributes of the staff involved in the process is considered to influence the customer. In food bazaar, the customer mainly interacts with staffs at three departments: Department Product Purchase department Cashing counter Checkout counter(CSD and security)
180 160 140 120 100 80 60 40 20 0
Function Product Knowledge and SP personality Billing time and interaction Query handling and delivery We can conclude that the customers are mostly satisfied with the support staff and ranked the services good with little scope of improvement required in the area of staff courteousness and product knowledge area and also certain training should be provided to the selling staffs in order to improve them over the cashier rating.
good bad Ok
ok bad good
Majority of respondents are happy about the product display and floor movement area The facility of trolley is also very efficient Some issues in navigation for some customer maybe due to peak hour shopping
THE PRODUCT
The most important factor which attracts the customer is the product portfolio provided by the store. The customer are attracted to a store because of the one stop shopping solution which Food bazaar provides through its various food and non food categories. In spite of the easy accessibility it is very essential to provide an uncompromising product with the following feature:
Large Portfolio Quality and Standard maintained Availability of the Product in the catalogue Value for money
As seen the customer are satisfied by the overall feature and benefit provided by the product but certain inefficiency has been observed on the following points: Quality of product not maintained Prices perceived to be inflated Low replacement rate causing unavailability of Fast Moving product.
As already mentioned the switching cost of customer in a retail outlet is very less and it is important to minimize the instances which can possibly lead to deflection of customer. It is unavoidable that certain situations arise where the customers are likely to be irritated but it is important to mitigate those inefficiencies and develop a flawless system of operation. As observed in food bazaar a lot of customer query and cases of issuance of credit note and cash refund(special cases) has been confronted which needs to be handled at the points it arises so that the customers are prompted to come back later happily. Customer Issue
barcode issue damage and defective Billing error discount not given
dislike
10%
14% 1% 18% 8%
19%
69%
4%
PRODUCT MIX
FOOD
APPARELS
Formal wear Casual wear Night wear T-shirt Jeans Sarees Dress
CHILL STATIONS
Shampoo
Soap
International
Tea & Cofee
foods
Soft drink Packaged juice Milk Items Frozen foods Ice creams
materials
FURNITURE BAZAAR
ELECTRONICS BAZAAR
Laptops
Computer Accessories Kitchen Appliances
OTHERS SERVICES
Living Room Bed Room Kitchen Dinning Rooms Kids Room Paintings Decorative Items
Mr. right Bakery Loot Mart Tulsi Future Money Future Generali
PRICE
PRICING OBJECTIVE: Maximum Market Share
LOW INTEREST FINANCING PSYCHOLOGICAL DISCOUNTING SPECIAL EVENT PRICING (Festive Offers)
Differentiated Pricing
TIME PRICING
Bundling
LOW-INTEREST FINANCING
TIME PRICING
22
Place
Known Presence Present in almost all the major Indian cities
23
Promotion
Brand Endorsement
Exchange Offer Junk Swap Offer Point-of-Purchase Promotions
24
Promotion (contd..)
Coupon Discount, more of the products at normal price, gift with purchase, competitions and prizes, money back offers and exchange offers, special occasions.
Giving advertisement in news papers, TV, Internet, (own website which gives online shopping services) Partnership with Bigflix, Big FM 92.7
25
People
Makes for a customer-friendly atmosphere Employs close to 10,000 people and recruits nearly 500 people every month Well-dressed staff Use of technology like scenario planning for decision making Staff at store to keep baggage Security guards at every gate
26
Multiple counters Trolleys to carry the items purchased Proper display / posters of the place Online Purchasing/Order tracking
Process
27
Physical Evidence
It deals with the final deliverable or the display of written facts. This includes the current system and available facilities.
28
STAFF SUPPORT
Department
Product Purchase department Cashing counter Checkout counter(CSD and security)
Function
Product Knowledge and SP personality Billing time and interaction Query handling and delivery
In a customer oriented business, the personal interaction between the seller and customer plays an important role in the purchase decision thus several attributes of the staff involved in the process is considered to influence the customer. In food bazaar, the customer mainly interacts with staffs at three department.
Strengths
Weakness
SWOT
Opportunities Threats
Strengths One stop shop Benefit of early entry into the retail industry Cheap goods as no middleman Diversified business Better understanding of customers Provide perceived value to price sensitive customer. Standardized product
Weaknesses
Negative connotation of positioning strategy(inexpensive perceived as cheap) Maintenance of low customer turnover is difficult (Extraneous variable) Sub standard Quality of goods
Opportunities
Increased in working class(high disposable income) Paucity of time(work schedule) leading to one service provider Increase in lifestyle and shift of shopping location (Neighborhood to malls
Threats Low switching cost Heavy inflow of similar format store(inverse competition) Supply and demand constraints Reducing Margin
CRM INITIATIVES:
Membership cards Special discounts for regular customer Order on telephone Quick delivery Order tracking facilities online Customer care very efficiently Genuine products with warranty Free Shipping Convenient Payment Options 7 Days Delivery Guarantee Easy Returns, replacements and exchange facilities Gift vouchers.