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10 views8 pages

1st Chapter 1

Uploaded by

ajadaaryan786
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Introducation to Flipkart

Flipkart Private Limited is an Indian e-commerce company, headquartered in Bangalore,


and incorporated in Singapore as a private limited company. The company initially focused
on online book sales before expanding into other product categories such as consumer
electronics, fashion, home essentials, groceries, and lifestyle products.[5][6]

The service competes primarily with Amazon India and domestic rival Snapdeal.[7][8] As of
FY23, Flipkart held a 48% market share in the Indian e-commerce industry.[9] Flipkart has a
dominant position in the apparel segment, bolstered by its acquisition of Myntra, and was
described as being "neck and neck" with Amazon in the sale of electronics and mobile
phones.

Significance of the organizational Study:

An organizational study of Flipkart can reveal insights into various aspects of the company’s
operations, strategy, and culture. Here are several significant areas such a study can cover:

1. *Business Model and Strategy*: Understanding Flipkart’s approach to e-commerce,


including its market segmentation, value proposition, and competitive strategies. This
includes how Flipkart differentiates itself from competitors like Amazon and other regional
players.

2. *Operational Efficiency*: Examining Flipkart’s supply chain management, logistics, and


warehousing strategies. This includes their methods for inventory management, order
fulfillment, and distribution, which are crucial for an e-commerce platform’s success.

3. *Technology and Innovation*: Analyzing Flipkart’s use of technology to drive growth. This
includes their investments in technology infrastructure, data analytics, artificial intelligence,
and customer experience enhancements.

4. *Organizational Structure and Culture*: Exploring Flipkart’s internal organizational


structure, management practices, and corporate culture. This can provide insights into how
the company fosters innovation, maintains employee satisfaction, and supports leadership
development.

5. *Customer Experience*: Assessing how Flipkart manages customer service, feedback, and
satisfaction. This involves understanding how they handle customer interactions, resolve
issues, and ensure a positive shopping experience.

6. *Financial Performance*: Reviewing Flipkart’s financial health through its revenue


streams, profitability, and investment strategies. This includes examining financial reports,
funding rounds, and economic challenges.
7. *Market Position and Expansion*: Evaluating Flipkart’s market share, growth strategies,
and expansion plans, both domestically and internationally. This includes their approach to
new market entry, partnerships, and scaling operations.

8. *Regulatory and Ethical Issues*: Investigating how Flipkart navigates legal and ethical
challenges, including compliance with local regulations, data privacy laws, and corporate
social responsibility initiatives.

Overall, such a study provides a comprehensive view of how Flipkart operates as a leading e-
commerce player and offers lessons that can be applied to other organizations in similar
industries.

Objectives of Study:
The objectives of Flipkart, as a leading e-commerce platform in India, can be categorized
into several strategic and operational goals:

1. *Market Leadership*

- *Objective*: To establish and maintain a leading position in the Indian e-commerce


market.

- *Details*: Flipkart aims to be the top choice for online shopping in India, competing with
other major players like Amazon and local e-commerce platforms.

2. *Customer Satisfaction and Experience*

- *Objective*: To provide a seamless and satisfying shopping experience for customers.

- *Details*: This includes ensuring high service quality, user-friendly website and app
interfaces, efficient customer service, and reliable delivery systems.

3. *Expansion and Market Growth*

- *Objective*: To expand their product offerings and geographic reach.

- *Details*: Flipkart focuses on diversifying its product categories, entering new markets,
and increasing its presence in underserved regions.

4. *Technological Innovation*

- *Objective*: To leverage technology to enhance operational efficiency and customer


experience.

- *Details*: Investments in technology for improving search algorithms, personalized


recommendations, data analytics, and developing new features for the platform.

5. *Profitability and Financial Performance*

- *Objective*: To achieve financial sustainability and profitability.


- *Details*: Flipkart aims to improve revenue streams, manage costs effectively, and
achieve a balance between growth and profitability.

6. *Supply Chain Optimization*

- *Objective*: To streamline logistics and supply chain operations.

- *Details*: This includes optimizing inventory management, enhancing warehouse


efficiency, and ensuring timely and cost-effective delivery of products.

7. *Strategic Partnerships and Alliances*

- *Objective*: To forge partnerships that can boost growth and market reach.

- *Details*: Collaborations with brands, technology providers, and logistics partners to


enhance product offerings and improve service delivery.

8. *Sustainability and Corporate Social Responsibility (CSR)*

- *Objective*: To engage in sustainable practices and contribute positively to society.

- *Details*: Implementing eco-friendly practices, supporting social causes, and promoting


ethical business practices.

9. *Talent Acquisition and Development*

- *Objective*: To attract and retain skilled employees and foster their professional growth.

- *Details*: Building a strong team through recruitment, training programs, and career
development opportunities.

These objectives help Flipkart drive its long-term vision of becoming the most preferred and
innovative e-commerce platform in India and beyond.
Methodology:
Data Collection Method

 Primary Data
Primary data was collected through the survey method (questionnaire
observation and interview) from the respondents. Observations regarding
the rise of online shopping trends. The questionnaires aimed at studying
the customer’s preference and feedback for the online shopping sites
flipkart. Unstructured interview was conducted for some of the
respondents to find out thedrawbacks of the online model of flipkart.
 Secondary data
Secondary data was collected through various websites and articles
available on the internet.

Sampling size

Sample size: for the research the sample size of:


 100 respondents were taken out of which 80% of the population are
frequent users of online shoppingThe geographical area is limited within
an area of kankurgachi,Kolkata.

Sampling procedure

To obtain the representative simple, a non-probability sample can bedrawn.


In this study the method of selecting samples is convenience sampling.

Tools
The tools used for analysing data are rating method; graphs, pic charts etc.
questionnaires is distributed to the individual respondents and special care has been
taken to make him/her feel comfortable so that, he/she could answer all the questions.
This method is followed to get unbiased answers.

Technique of Analysis

The data collected from the customer are transcript to the worksheet in theform of
tally bars and analysed by statistical tools by drawing tables and graphs, inferences were
drawn on a maketing concept and conversation. Based on the marketing concepts
findings of the research were driven and recommendations are made.

Statement of the problem

The study is being conducted for online shopping in kankurgachi area of


Kolkata city only, to find out the customer preferences in choosing flipkart. It is required
to find out the preferences based on certain aspects (Income, level selection of products,
and satisfaction level of customers).

Limitations:
1. Security

This is one of the most common issues that many ecommerce leads businesses and
customers face.
This may lead to numerous fraudulent activities and threaten the business. Also, many
businesses need to save various customer information like customer’s name, address, contact
number, email id, age, etc. This requires a huge investment to secure the data, so it is not
misused.
For e-commerce businesses in the health sector, adhering to regulations is paramount, making
a HIPAA compliance checklist an essential tool to ensure all customer data is handled in a
secure, legal manner, protecting both the business and its customers from potential data
breaches and legal issues.

Incorporating a Virtual Phone Number for e-commerce Business can further enhance
security and communication, ensuring sensitive information is handled with utmost care and
confidentiality.

2. Employee cost

Employee cost is also a limitation of e-commerce business. For any business, whether online
or offline, having dedicated employees is crucial. You need a professional team to execute
different tasks and fulfil the organization’s objective.

Whether your startup is a small business or a big corporation, or you are running one of
the top eCommerce platforms, you need employees to yield great results. Employee cost also
includes remote work tax implications. Incorporating Microsoft AZ-104 Exam Dumps into
this environment adds another layer of readiness, ensuring employees are equipped with the
latest knowledge and skills to navigate the evolving landscape.

3. Warehousing cost

This is also a limitation of e-commerce. E-commerce sellers must have a physical location or
warehouse where they can store their products. This would help them manage their
operations from a designated location. This cost of warehousing has to be borne by the
business itself.

The cost of storage will differ from location to location. It is always advisable to find a
warehouse that doesn’t involve a high inventory cost. This is the reason why a majority of
warehouses are located outside the city.

While managing e-commerce operations, overcoming warehousing limitations


through optimizing e-commerce warehouse storage strategies can significantly enhance
efficiency and reduce overhead costs.

Strategic warehouse management not only addresses the cost implications but also ensures
that your e-commerce business stays ahead in fulfilling customer orders swiftly.
4. Marketing cost

Along with advertising costs, a business must incur additional costs in marketing its
product. Social media, emails, search engines, etc, are some ways through which you can
market your product easily and effectively.

Google, Yahoo, and various other search engines offer methods to effectively market your
product and drive more traffic to your website. Every marketing channel differs in cost
according to its popularity and reaches; hence marketing budget should be prepared
accordingly. An input that Vietnamese coffee brand, Cafely, always factors in while deciding
the marketing budget to promote its products.. With the rise of AI tools, there are also more
cost-effective ways to market your business. This could range from AI copywriters, website
builders, email writers, and more. The biggest challenge here is making sure to align these
tools with your target customer and their needs.
5. Sales flow

A diminished sales flow can pose a great disadvantage to the business and thus acts as one of
the limitations of eCommerce business. It is extremely important to have traffic on your
website as it helps drive sales. Also, if your listing is not done properly, your sales will likely
fall.

Proper advertising and sales promotion can be a great way to improve your sales initially.
Hence you should always try to promote your product on varied platforms as any single
platform may yield a good amount of sales flow for your business.

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