Internship Report
Internship Report
SUMMER TRAINING
PROJECT REPORT ON
“MARKETING STRATEGY & SALES PROMOTION
TOWARDS HOMEFLIC WEGROW”
CERTIFICATE
CERTIFIED CERTIFIED
2
Space For Certificate
3
DECLARATION BY THE STUDENT
University. It does not form the basis for the award of any degree or
HAMZA MASROOR
Roll No: 192600050006
B.Com (Hons.)
4
ACKNOWLEDGEMENT
HAMZA MASROOR
Roll No: 192600050006
B.Com (Hons.)
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PREFACE
many experiences related with our topic concepts. Through this report
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TABLE OF CONTENTS
CONTENTS PAGES
Certificate 2
Declaration 4
Acknowledgment 5
Preface 6
Introduction 8 - 26
Company Profile 27 - 39
Research Methodology 41
Findings
Conclusion
Suggestions
7
Limitation
Reference
INTRODUCTION
Marketing strategy
Diversity of Strategies
9
Strategies based on market dominance - In this scheme, firms are
classified based on their market share or dominance of an industry.
Typically there are four types of market dominance strategies:
Leader
Challenger
Follower
Nicher
"In the early growth stage, the marketing manager may choose from two
additional strategic alternatives: segment expansion (Smith, Ansoff) or
brand expansion (Borden, Ansoff, Kerin and Peterson, 1978)" (48).
"In maturity, sales growth slows, stabilizes and starts to decline. In early
maturity, it is common to employ a maintenance strategy (BCG), where
the firm maintains or holds a stable marketing mix" (48).
10
Market decline strategies
At some point the decline in sales approaches and then begins to exceed
costs. And not just accounting costs, there are hidden costs as well; as
Kotler (1965, p. 109) observed: 'No financial accounting can adequately
convey all the hidden costs.' At some point, with declining sales and rising
costs, a harvesting strategy becomes unprofitable and a divesting strategy
necessary" (49).
"In his classic Harvard Business Review (HBR) article of the marketing
mix, Borden (1964) credits James Culliton in 1948 with describing the
marketing executive as a 'decider' and a 'mixer of ingredients.' This led
Borden, in the early 1950s, to the insight that what this mixer of
ingredients was deciding upon was a 'marketing mix'".
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heterogeneous, and focuses on serving one or more specific target
segments within the overall market" (35).
"With skimming, a firm introduces a product with a high price and after
milking the least price sensitive segment, gradually reduces price, in a
stepwise fashion, tapping effective demand at each price level. With
penetration pricing a firm continues its initial low price from introduction
to rapidly capture sales and market share, but with lower profit margins
than skimming".
"The PLC does not offer marketing strategies, per se; rather it provides an
overarching framework from which to choose among various strategic
alternatives".
Product differentiation
Cost leadership
Market segmentation
Innovation strategies
Innovation strategies deal with the firm's rate of the new product
development and business model innovation. It asks whether the company
is on the cutting edge of technology and business innovation. There are
three types:
Pioneers
Close followers
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Late followers
Growth strategies
In this scheme we ask the question, "How should the firm grow?". There
are a number of different ways of answering that question, but the most
common gives four answers:
Horizontal integration
Vertical integration
Diversification
Intensification
Prospector
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Analyzer
Defender
Reactor
Strategic models
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year impact on acquisition, churn rate, and profitability of changes to
pricing. However, 4Ps have been expanded to 7 or 8Ps to address the
different nature of services.
Real-life marketing
Thus, for example, many new products will emerge from irrational
processes and the rational development process may be used (if at all) to
screen out the worst non-runners. The design of the advertising, and the
packaging, will be the output of the creative minds employed; which
management will then screen, often by 'gut-reaction', to ensure that it is
reasonable.
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For most of their time, marketing managers use intuition and experience
to analyze and handle the complex, and unique, situations being faced;
without easy reference to theory. This will often be 'flying by the seat of
the pants', or 'gut-reaction'; where the overall strategy, coupled with the
knowledge of the customer which has been absorbed almost by a process
of osmosis, will determine the quality of the marketing employed. This,
almost instinctive management, is what is sometimes called 'coarse
marketing'; to distinguish it from the refined, aesthetically pleasing, form
favored by the theorists.
Marketing planning
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The marketing plan can function from two points: strategy and tactics (P.
Kotler, K.L. Keller). In most organizations, "strategic planning" is an
annual process, typically covering just the year ahead. Occasionally, a few
organizations may look at a practical plan which stretches three or more
years ahead.
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handling accounting information [customer need] for the larger US
organizations [customer group] by means of punched cards [technology]."
19
4. Advertising, sales promotion, merchandising data — Information
from these departments.
It is apparent that a marketing audit can be a complex process, but the aim
is simple: "it is only to identify those existing (external and internal)
factors which will have a significant impact on the future plans of the
company." It is clear that the basic material to be input to the marketing
audit should be comprehensive.
Even so, the first task of this annual process should be to check that the
material held in the current facts book or facts files
actually is comprehensive and accurate, and can form a sound basis for
the marketing audit itself.
The structure of the facts book will be designed to match the specific
needs of the organization, but one simple format — suggested by
Malcolm McDonald — may be applicable in many cases. This splits the
material into three groups:
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1. Review of the marketing environment. A study of the
organization's markets, customers, competitors and the overall
economic, political, cultural and technical environment; covering
developing trends, as well as the current situation.
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It is only at this stage (of deciding the marketing objectives) that the
active part of the marketing planning process begins. This next stage in
marketing planning is indeed the key to the whole marketing process.
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often confused: "Policies are rules or guidelines that express the 'limits'
within which action should occur. "Simplifying somewhat, marketing
strategies can be seen as the means, or "game plan," by which marketing
objectives will be achieved and, in the framework that we have chosen to
use, are generally concerned with the 8 P's. Examples are:
(Note: At GCSE the 4 Ps are Place, Promotion, Product and Price and the
"secret" 5th P is Packaging, but which applies only to physical products,
not services usually, and mostly those sold to individual consumers)
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achieved — not the process of planning itself. Only if it fits the needs of
these objectives should you choose, as we have done, to use the
framework of the 7 Ps.
The strategy statement can take the form of a purely verbal description of
the strategic options which have been chosen. Alternatively, and perhaps
more positively, it might include a structured list of the major options
chosen.
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customers, and on the strategies chosen to satisfy these needs. Brochures
and Websites are used effectively.
Again, the most important element is, the detailed plans, which spell out
exactly what programs and individual activities will carry at the period of
the plan (usually over the next year). Without these activities the plan
cannot be monitored. These plans must therefore be:
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Content of the marketing plan
4. Pricing strategy
5. Market Segmentation
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COMPANY PROFILE
WE ARE THE YOUTH with a vision of personal growth along with the
growth of people around us. Our main objective as a tribe is to reach out
to young curious minds and help and guide them in every way possible.
Working to uplift the youth by creating this community to solve real life
problems of millennials and society when there’s no one else who can
better understand their deeds. We are people who wish to teach as well as
where we have people who contribute in acting upon the ideas of growth.
At Wegrow we walk towards the path of success together and that is why
Homeflic wegrow is a tribe of people from all over the world, having
platform where people can showcase their talent, discuss their problems,
talk about trending topics and build a network stronger than any bond.
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believe in learning, working, and growing together. We talk, connect,
We are a family where we support each other and guide through real life
problems while learning from each other. We are a platform for your skill
outreach programmes.
purposes.
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Our courses are curated to aim at holistic development of #Tribesters
realising the importance of honing new skills outside of our age old
Our #Tribesters discuss social issues and trending topics with a vision to
create more awareness about general happenings of the world and social
issues. Our driving force is to serve the society that we live in and spread
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Our courses are curated to aim at holistic development of #Tribesters
realising the importance of honing new skills outside of our age old
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We organize various events, trips, parties and excursions to help students
build a strong network. Tribesters not only grow and learn together but
celebrate and have fun together as well. We are here to develop a feeling
Actually through some amazing ways and now guessing what? Have a
look
Certificate Courses
Knowledge Meets
Literary Events
Gaming Nights
Parties
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BUILD A STRONG FOUNDATION FOR A BETTER TOMORROW
Our tribe aims to enhance overall well-being and help meet basic and
emotional poverty.
VARIOUS DRIVES
Dogs are the best companions a man can get. In these hard times street
dogs need our help too. So, for our loyal buddies Wegrow in association
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with Super Paw Pet Shop organized a drive on 17th October, where we
fed street dogs in a huge amount. These drives give us the pleasure of
Education is the greatest gift for humanity and distributing books is the
best way to do it. Giving the children the most essential tool to carve their
weaker sections so that they can write their bright future on it with our
small support.
US
I'm no psychologist, I'm not a philosopher and I'm a human who has no
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with the minimum. Some people can't be happy with everything in the
world. Their desire never ends. It's more of a greed than happiness
is important. You don't have to be happy just because your instagram tells
you to be. You can be happy when you really want to be happy. When
you are done with the grief when you get over your pain. Yes, it's
you're ready for it and not pushed into it. We can certainly disagree or I
can be enlightened.
Day in pain feels like years but when we are happy we dont know when
we grew old. Being unhappy can be cold but we need to shine as gold we
can bring the change just by smiling to every situation in life we face
because happiness is the best tool to make one calm and think positively.
Being positive in live just dont make you happy but it ll make others also
World’s wonder it was Nobody knew what it shows As time flew they
explained what it was. I wonder how the world would’ve been without it
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No hate for oneself and no love either. There would have been peace all
around. Nobody to fight for a surgery. But this thought was no more a
thought. Mirror was invented! And all that peace was once more
destroyed. There came a girl new on earth, stood in front of it and showed
a cute smile. Grew up looking into it! Sweet sixteen was her age, standing
infront of it she asked Mirror mirror on the wall who’s the prettiest of
them all? A broken smile and malnourished knees. Mirror showed the real
image and she never returned back to it. Last stage of her life. Leaning
against the wall, she broke the darkness by removing the clothes and
wiping the dust. She cried and asked Mirror mirror on the wall, who’s the
prettiest of them all? The mirror swallowed the image and reverted it
back. She took last her last breath, crying and the mirror cried back.
3. Sometimes in my life
from pain Running away from people Running away from myself.
heart with us but at last they are the only one who break it. Tell me what
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beautiful No feelings, no issues Just you and your thoughts. Just you and
your loneliness Just you and your demons. Sometimes I want to feel no
numbness. So, I try to divert myself Divert my mind from all the deadly
thoughts Divert myself from all the toxic people Divert myself from
anything and everything that tries to bring me down and that's where I win
That's where I feel the wave of emotions hit me again The love, the care
no more numbness Because sometimes it's only me who can heal myself
Because sometimes death can not do justice Because sometimes all I can
Things will get rough, there will be bad days and it may all seem like a
he's born through it all always, always stand tall. Giving up is not an
option.
Never turn your back and run through good times and bad times .
Near the brightest stars Much more closer to the blue moon Yes.. take me
to the sky Far away from this hectic life A little bit closer to Jehovah
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The beauty you carry in your soul. Those eyes show me a whole new
world
Break your rules and you fall! Follow them and still u lose?! Doesn't
Nobody can win. So what's the point What's the bloody point.
Things will get rough, there will be bad days and it may all seem like a
he's born through it all always, always stand tall. Giving up is not an
option. Never turn your back and run through good times and bad times .
You’re in trouble, I can see it Your parents are anxious, because they can
see it
Your friends ask you how are you? You say, “I’m fine, thank you” But
are you really fine? Can’t say the truth, your mind. Does it feel good to
Why are you so esitant? Why is this resistance? Are you thinking about
the society? The same society who’ll ask you to ignore and devote
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yourself to the almighty But there’s nothing wrong in it I say Wrong is
with strangers isn’t the solution Talk to a friend or family, who might
understand your situation And if you feel it doesn’t work, That’s not a
reason to get hurt Write stuff down, publicise it It’s not easy I know, but
you should try it I know Healing takes time But you’re one of the
strongest here, you and your mind The heart is not left behind, Because
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The purpose of the project is to study the importance of the
Consumers buying behavior in the organization.
To study and analyze the various Consumers buying behavior in the
organization.
The area of the study has been confined to its topic – Consumers
buying behavior.
The study was made in the organization.
The main scope of the study is limited to Lucknow area.
It also analysis the benefits accruing to the company as a result of
those service.
This study has been made to find the level of satisfaction the
customer has regarding the service provider by Car place.
The study has sole reference from the customers of SRM
showroom.
WEGROW.
organization.
the organization.
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To identify if the Consumers buying behavior are appropriate to the
market.
WEGROW..
RESEARCH METHODOLOGY
RESEARCH METHOLOGY:
RESEARCH DESIGN:
The focus on the study was to obtain information to find out the effects of
Consumer buying behavior towards HOMEFLIC WEGROW. in the
organization.
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Plan
Analyze the Consumer buying behavior
Prepare questionnaire
Analyze the data gather preliminary data.
Collected
Prepare the report
RESEARCH INSTRUMENT:
The survey method used to collect the relevant data for the assessment is
the questionnaire method.
RESEACH COLLECTION:
The data collection involves primary and secondary data for the study of
Consumers buying behavior.
PRIMARY DATA:
The primary data was collected through questionnaire survey. Data is
gathered by distributing the questionnaires to the customers of the
company.
The questionnaire is prepared to gather the information pertaining to
gather information on the Consumers buying behavior.
Questionnaire:
The questionnaire contains 20 questions covering the aspects of
Consumers buying behavior towards HOMEFLIC WEGROW. of the
organization.
The type of questions used was Open-ended type and Dichotomous type
and Multiple-choice type.
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The employees were given a three days time to allow the respondents to
have time to think and the respondent was assured of anonymity so that
they can feel free to give their desired response.
SECONDARY DATA:
The secondary data was collected from the organization.
Most of the data was collected from
- Magazines
- Newspapers’
- References
- Books
SAMPLE SIZE:
The sample size taken for the study included 100 customers from
HOMEFLIC WEGROW. showroom with duration of 30 days.
The accuracy of the analysis and conclusion entirely depends upon the
reliability of the information provided by the customers.
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DATA ANALSIS AND INTERPRETATION
AGE
Factors Respondents
18-20 yrs 8
21-25 yrs 38
26-30 yrs 24
31-35 yrs 12
36-40 yrs 8
Above 40 yrs 10
43
Factors
40
35
30
25 Respondents
20
15
10
5
0
18-20 yrs 21-25 yrs 26-30 yrs 31-35 yrs 36-40 yrs Above 40 yrs
INTERPRTATION:
From the above graph it is analyzed as follows;
8 customers falling under the group of 18-20 years.
38 customers falling under the group of 21-25years.
24customers falling under the group of 26-30years.
12 customers falling under the group of 31-35years.
8 customers falling under the group of 36-40years.
10 customers falling under the group of above 40 years.
It is observed from the graph that majority of the customers fall under the
age group of 21-25 years.
What is your Occupation?
Factors No of Respondents
Servicemen 4
Businessman 16
Student 24
Employee 56
44
Factors
60
50
40
No of Respondents
30
20
10
0
Servicemen Businessman Student Employee
INTERPRTATION:
From the above graph it is analyzed as follows;
56 customers’ works as Employee.
24 customers are students.
16 customers are Businessmen.
4 customers are Servicemen.
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Factors
30
25
20
No of Respondents
15
10
0
5,000 - 10,001 - 15,001 - Above
10,000 15,000 20,000 20,000
INTERPRTATION:
From the above graph it is analyzed as followed,
18 customers fall under the categoryof 5,000 – 10,000.
12 customers fall under the category of 10,001 – 15,000
20 customers fall under the category of 15,001 – 20,000.
26 customers fall under the category of above 20,000.
Factors No of Respondents
Yes 98
No 2
46
Factors
120
100
80
No of Respondents
60
40
20
0
Yes No
INTERPRTATION:
From the above graph it is analyzed as followed:
98 customers use portfolio services.
Only 2 customers do not use services.
Factors No of Respondents
Family 30
Media 14
Friends 50
Others 6
47
Factors
60
50
40
No of Respondents
30
20
10
0
Family Media Friends Others
INTERPRTATION:
From the above graph it is analyzed as followed:
30 customers have taken the opinion from their family before
taking services.
14 customers are influenced from media for the taking services.
50 customers have taken the opinion from their friends, before
taking services.
6 customers were not influenced with the options provided before
the taking services.
It is clearly seen that majority of the customers have taken the
opinion from their friends in regard to the taking services.
Factors No of Respondents
1st 88
2nd 8
3rd 2
48
4th 2
Factors
100
90
80
70
60 No of Respondents
50
40
30
20
10
0
1st 2nd 3rd 4th
INTERPRTATION:
From the above graph it is analyzed that as follows;
88 customers have give 1st rank for the Online E-Learning availability.
8 customers have give 2nd rank for the Online E-Learning availability.
2 customers have give 3rdrank for the Online E-Learning availability.
2 customers have give 4th rank for the Online E-Learning availability.
It is seen that 88 customers are satisfied with the availability of the
Online E-Learning on time.
B) Infrastructure:
Factors No of Respondents
1st 86
2nd 6
3rd 8
49
Factors
100
90
80
70
60 No of Respondents
50
40
30
20
10
0
1st 2nd 3rd
INTERPRTATION:
From the above graph it is analyzed that as follows;
86 customers have give 1st rank for the Infrastructure.
6 customers have give 2nd rank for the Infrastructure.
c) Service:
Factors No of Respondents
1st 86
2nd 10
3rd 4
50
Factors
100
90
80
70
60 No of Respondents
50
40
30
20
10
0
1st 2nd 3rd
INTERPRTATION:
From the above graph it is analyzed that as follows;
86 customers have give 1st rank for the Service.
10 customers have give 2nd rank for the Service.
4 customers have give 3rdrank for the Service.
It is seen that 86 customers are satisfied with the availability of the
Service.
Factors No of Respondents
Infrastructure 27
Schemes 22
More of Services availability 51
51
Factors
60
50
40
No of Respondents
30
20
10
0
Infrastructure Schemes More of loan
availability
INTERPRTATION:
From the above graph it is analyzed that as follows;
Factors No of Respondents
Yes 98
No 2
52
Factors
120
100
80
No of Respondents
60
40
20
0
Yes No
INTERPRTATION:
From the above graph it is analyzed that as follows;
Factors No of Respondents
Excellent 56
Good 34
Satisfactory 10
53
Bad 0
Factors
60
50
40
No of Respondents
30
20
10
0
Excellent Good Satisfactory Bad
INTERPRTATION:
From the above graph it is analyzed that as follows;
Factors No of Respondents
Yes 100
No 0
54
Factors
120
100
80
No of Respondents
60
40
20
0
Yes No
INTERPRTATION:
From the above graph it is analyzed that as follows;
All the customers are satisfied with the services provided with
HOMEFLIC WEGROW.
Factors No of Respondents
Yes 100
No 0
55
Factors
120
100
80
No of Respondents
60
40
20
0
Yes No
INTERPRTATION:
From the above graph it is analyzed that as follows;
Factors No of Respondents
1st 94
2nd 6
56
3rd 0
4th 0
Factors
100
90
80
70
60 No of Respondents
50
40
30
20
10
0
1st 2nd 3rd 4th
INTERPRTATION:
From the above graph it is analyzed that as follows;
FINDINGS
Basing on the data gathered from the customers, which was analyzed, the
Following observations are made.
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➢ HOMEFLIC WEGROW. is providing quality products to the
customers.
➢ Almost 86% customers are satisfied with the after sale services.
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CONCLUSION
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Marketing manager must understand the live setting of consumers to fully
appreciate what consumers are trying to accomplish with particular
purchase.
Only then can a company demonstrate the relevance of its marketing offer
to consumers by showing how it will help them deal with their life setting.
Ultimately, convincing customers of the product offers relevance is
crucial to sales growth in markets.
Product
Price
Place
Promotion
Other stimuli include major forces and events in the buyers environment:
economic, technological, political and cultural. All these inputs enter the
buyers black box where they are turned into a set of observable buyer
responses: product choice, brand choice, dealer choice, purchase timing
and purchase amount.
The marketer wants to understand how the stimuli are changed into
response inside the consumer’s black box, which has two parts: first, the
buyer’s characteristics influence how he or she perceives and reacts to the
stimuli; second, the buyers decision process itself affects the buyers
behavior.
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SUGGESTIONS
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➢ A constant urge to upgrade and keep pace with the changing times
gives organization the competitive advantages or cutting edge over
the competition.
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LIMITATIONS OF THE STUDY
WEGROW. .
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The study was conducted on the customers of HOMEFLIC
WEGROW. .
REFERENCE
1. www.homeflicwegrow.com
2. www.pearsoned.co.in/pkotler
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3. http://www.genmills.com/corporate/company/india.aspx
4. http://www.utube.comwww.wikipedia.com
5. http://iegd.institut.com
6. http://www.rotman.utoronto.com
Edition)
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APPENDIX
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