Document 16
Document 16
“ Enhancing
Marketing
Strategies and Execution: A Comprehensive Internship
Experience at Gooday Agro Packs”
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CERTIFICATE
Dean
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DECLARATION
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ACKNOWLEDGEMENTS
(AYUSH AGARWAL)
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Table of contents
page no
Certificate
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Declaration
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Acknowledgement
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1. INTRODUCTION
2. INDUSTRY PROFILE
3. ABOUT THE COMPANY
4.ESTABLISMENTS
5. MISSION AND VISION
6.OVERVIEW OF SPIECES
7.PRODUCTION PROCESS
8.MANAGEMENT TEAM
9.KEY PERFORMANCE INDICATORS
10.OBJECTIVES
11.INTERSHIP ACTIVITIES AND RESPONSIBILITIES
12.SKILLS DEVELOPED
13.CHALLENGES FACED
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14.CONCLUSION
15.BIBLOGRAPHY
INTRODUCTION
WHAT IS MARKETING?
Marketing is a broad and multifaceted field focused on promoting
and selling products or services. It encompasses various activities
and strategies designed to understand consumer needs, create
value, and communicate effectively with target audiences to drive
business growth. Here’s a breakdown of the key components and
functions of marketing:
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- Methods: Personal selling, sales presentations, and follow-up
strategies.
- Customer Relationship Management (CRM):
- Objective: Build and maintain long-term relationships with
customers.
- Tools: CRM software, loyalty programs, and personalized
communication.
Marketing Mix (4 Ps):
The marketing mix is a framework that outlines the key elements
to consider when developing marketing strategies:
- Product: What you are offering to the market.
- Price: How much customers will pay for the product.
- Place: Where and how the product will be distributed.
- Promotion: How you will communicate and promote the product
to your target audience.
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Influencer Marketing: Partnering with individuals who have
significant influence over the target audience to promote
products or services.
Importance of Marketing:
Industry Profile
Masala Industry in India: A Comprehensive
Overview
1. Introduction
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Indian cuisine and play a pivotal role in flavoring and enhancing
dishes. The industry encompasses the production, processing,
distribution, and retail of these spice blends, catering to both
domestic and international markets.
2. Historical Background
- Colonial Influence: During the colonial era, the British East India
Company capitalized on India’s spice wealth, leading to the
expansion of spice trade globally. This period also saw the
beginning of the commercialization of spice production.
3. Market Structure
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Raw Materials: India is one of the world's largest producers of
spices. Key raw materials for masalas include turmeric, cumin,
coriander, black pepper, cardamom, cloves, and chili. These
spices are grown in different regions, such as turmeric in
Karnataka, black pepper in Kerala, and cardamom in the Western
Ghats.
Types of Masalas:
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The masala industry in India is characterized by a mix of well-
established brands and regional players:
Retail:
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-Traditional Retail: Masalas are widely available in local grocery
stores, supermarkets, and specialty spice shops. These stores
often feature a range of products from both local and national
brands.
Online:
Wholesale:
Health-Conscious Choices:
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- Organic and Natural Products: With increasing health awareness,
there is a growing demand for organic and natural masalas free
from artificial additives and preservatives.
Convenience:
Regional Preferences:
Quality Control:
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- Authenticity: Ensuring that the masalas reflect traditional
recipes and flavors while meeting modern quality standards.
Regulatory Compliance:
Competition:
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Innovation:
Export Potential:
Sustainability:
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- Social Responsibility: Companies are focusing on fair trade
practices and supporting local farming communities to ensure
sustainable and ethical supply chains.
9. Conclusion
Overview of
Sachi premium masala
About company
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Sachi premium masale was established in 2017 at its registered
office in Raipur,Chattisgarh.It covers
western part of the odisha like Sudargarh,Jharsuguda,Sambalpur,
Bolangir, Kalahandi, Nabarangpur,
Malkangiri etc and whole chattisgarh.
From its humble beginning, Quality product Industrie'd has
become leading formilator and processor
of flavors and food products and is committed to providing the
paramount in value premium products
to meet the best interests of its customers. In a small facility.
Gooday Agro packs has grown into a
thriving enterprise, delivering a diverse range of spices, blends,
and seasonings to culinary
enthusiasts, home cooks, and professional chefs alike. We take
pride in sourcing the finest quality
ingredients from around the world, ensuring that every spice in
our collection meets the highest
standards of purity, freshness, and flavor.
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What sets Gooday Agro Packs apart is our unwavering dedication
to craftsmanship. Each spice blend
is meticulously crafted by our team of expert blenders, who
combine their deep knowledge of spices,
herbs, and flavor profiles to create harmonious blends that
tantalize the taste buds. We understand
that each spice has a story to tell, and our blends are carefully
balanced to unlock their full potential,
enhancing the nuances of every dish they grace.
Continual innovation and research are at the heart of Gooday
Agro Packs ethos. Our experienced
team of food scientists, flavorists, and culinary professionals are
constantly exploring new frontiers,
pushing the boundaries of flavor possibilities. Through extensive
research and development, we
create unique blends that capture the essence of different
cuisines, enabling home cooks and chefs to
infuse their dishes with authentic flavors from around the world.
At Gooday Agro Packs, we understand that the success of our
products relies on more than just
exceptional flavors. It hinges on our commitment to the
satisfaction of our valued customers. That's
why we have established a robust quality control system,
meticulously monitoring every step of our
production process. From the sourcing of raw materials to the
final packaging, we adhere to stringent
standards to ensure that our products consistently meet and
exceed expectations.
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The dedication to customer service goes beyond the flavor alone.
We value the relationships we
build with our customers, and we strive to provide a seamless and
personalized experience. Whether
you're a home cook exploring new culinary horizons or a
professional chef seeking the perfect blend
for your signature dish, our team of spice enthusiasts is here to
assist you every step of the way,
offering guidance, recommendations, and a genuine passion for
the craft of spices.
As the company continue to expand our presence, Gooday Agro
Packs remains committed to
sustainable and ethical practices. We actively seek out
partnerships with suppliers who share our
values of responsible sourcing, fair trade, and environmental
stewardship. We believe that the
journey of spices should leave a positive impact, from farm to
table.
Establishment:
Gooday Agro packs started as mall-scale operation in a modest
facility, with a focus on sourcing and blending a select range of
spices. Initially, the company primarily catered to local
restaurants and specialty stores, building are putation for its
commitment to quality and flavor.
MISSION
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Meet the highest standards of quality, freshness and
seasonability to establish it geographically nationwide (VADA
SACHAI KA)
VISION
Provide the world high quality food products and food
supplements that anticipate and satisfy people desire and needs.
Also, to be the premiere spice brand of choice for all cooking
enthusiasts
Overview of spices
1.Grounded or single spices
Grounded spices are just powders if individual spices,unline
blended spices which are a combination of various spices.The
commonly used basic masala are turmeric powder,chilli
powder,shania powder,jeera powder,jeera powder,kashmiri
chilli,black pepper,amchur powder and gota masala like paunch
phutan,mustard,jeera gota,methi,saunf,ajwain,kala jeera,kasuri
methi, tejpatta , biosoda,kala namak,sendha namak.
2.. Blended Spices
Blended spices are combination of various spices.They are used
to impart a distinct taste and flavour to the recipes.One of the
most commonly known blended spices is the garam masala,curry
masala,meat masala,chicken masala,sahi paneer masala,masala
bahar,other blended etc.
3. Seasonings and Rubs:
Gooday Agro Packs offers a variety of seasoning sandrubs,
specially formulated to enhance the flavor of meats, seafood, and
vegetables. These include chaat masala,black pepper,amchur
powder.
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4. In addition to the above:
Gooday Agro Packs also offers custom spice blends and private
labeling services,allowing food service providers and businesses
to create their own signature spice profile like super garam
masala,chaana masala etc
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arh
7. Kasthuri Methi Nagpur and
leaves Rajasthan
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nutritional values, and allergen warnings. Apply labels to the
packaging using appropriate machinery or manual methods.
6.Storage and Distribution:
Store the packaged spices in appropriate conditions,such as
controlled temperature and humidity,to maintain quality and
shelflife. Establish efficient distribution channels to deliver the
finished product store retailers, wholesalers, or direct customers.
Monitor inventory levels and ensure proper stock rotation to
minimize waste and maintain freshness.
MANAGEMENT TEAM
The brand Sachi is owned and managed by two partners Sanjay
Singhania and Rupesh Agrawal in Sakri,Raipur, Chattisgarh.Both
are the very successful entrepreneurs presently with more than
30 years of expierence in the world of business. The company
most valuable resources is the human
resources behind every perfect work there is always group of
people or bunch of employees which contribute to the
management and functioning of the organisation.Gooday Agro
Packs(Sachi Premium Masale) senior most management is
categorised into Marketing and sales department,Accounts
Department, operations department and information
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technologydepartment. Eachh department has its own head
ofdepartment. Furtherr there are members divided into the sub
executive level which is controlled by head of department.The
members are as follows:
Laxmi Thakur-chief Accountant
Dinesh Patel-Production Manager
Chinmay Satapathy-Area Sales Manager
Sanjay Kumar Singhania –Managing Director
Rupesh Agrawal-Managing Director
3. Return on Investment(ROI):
Assessing the profitability of investments made in the business
the return on investment is 9% which also helps in calculation of
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capital expenditures ,return on assets (ROA),and return on
equity(ROE) to evaluate the effectiveness of investment
decisions.
4. Repeat Business:
Company's is bound on performing repeat business as customer
retention rate and the percentage of revenue depends upon
influencing customer loyalty and identify opportunities to enhance
distribution and bill every month.
5. Trade Cycle:
The company's trade cycle,including inventory turn
over,accounts receivable turnover,and accounts payable turn
over maintained is for 45 days as it provides credit facilities for
30days from the supplier to create efficiency in inventory
management, credit terms with customers, and payment terms
with suppliers.
6. Loans and Debt:
Analyzing the company's borrowing activities, debt structure, and
debt repayment capabilities it has availed term loan for
procurement of machines and cash credit facility to fulfill the
working capital requirement.
7. Compliance:
The compliance with relevant laws,regulations,and industry
standards is well followed and maintained. Assessing the internal
controls, risk management processes, and corporate governance
practices helps identify the compliance risks and recommends
measures to ensure regulatory compliance. It has been certified
with all the food license, EPIF , ESIC etc.
8. Software:
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The effectiveness of accounting software, enterprise source
planning (ERP) systems, and other financial tools used for data
management and analysis are the best things about
softwares.Gooday Agro Packs various software for different
operational fields like Tally for Accounting, Red Flow for UV
Attendance and Microsoft Excel and sheets.
9. Professionalism:
Professionalism and adherence to ethical standards in financial
management and reporting is appropriately managed. Evaluating
the qualifications and competence of the finance team all the
employees have been assigned work according to their Key
Responsibility Area which specifies their ability to handle financial
matters with professionalism and integrity.
10. Taxation:
Reporting practices like Goods and services tax (GST),Income tax
return,Mandi Tax is evaluated and tax planning strategies ,tax
liabilities ,and effective tax rate is identify which gives reasoning
to potential tax risks and recommend strategies for tax
optimization.
11. Government Expenditure:
The impact of government expenditure, policies, and regulations
on the company's industry is followed up by the company's
interaction with government agencies and the implications of
government initiatives on the business.
12. Financial Statements:
A comprehensive analysis of the company's financial statements,
including the balance sheet, income statement, and cash flow
statement. Evaluate key financial ratios and performance
indicators is estimated for the company's financial health,
profitability, liquidity, and solvency
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OBJECTIVES
The primary objective of my internship as a member of the
marketing staff was to gain practical experience in executing
marketing campaigns, contributing to strategic initiatives, and
understanding the collaborative nature of marketing within an
organization. Specific goals included: - Learning to effectively
support marketing campaigns and initiatives from conception to
execution. - Gaining hands-on experience in utilizing digital
marketing tools and platforms. - Enhancing my communication
and teamwork skills through collaboration with cross-functional
teams.
Skills Developed-
Team Collaboration:
Enhanced teamwork skills through collaborative projects with
colleagues from different departments. -
Organizational Skills:
Improved organizational abilities by managing multiple tasks and
deadlines efficiently. -
Digital Marketing Proficiency:
Developed proficiency in using digital marketing tools and
platforms, including social media management and email
marketing software. -
Analytical Thinking:
Applied analytical thinking to interpret marketing data and make
informed recommendations for campaign optimization.
Challenges Faced
- Balancing multiple tasks and priorities in a fast-paced
environment while maintaining attention to detail. - Adapting to
new digital marketing tools and technologies, learning their
functionalities and best practices. - Navigating communication
challenges within cross-functional teams and ensuring alignment
on project objectives.
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Learnings and Insights
- Gain a practical understanding of the importance of data-driven
decision-making in marketing strategy development. - Appreciate
the collaborative nature of marketing within an organization and
the impact of effective teamwork on project outcomes. -
Understand the significance of consumer insights and market
research in shaping targeted marketing campaigns
. Conclusion
My internship experience as part of the marketing staff at
Gooday Agro Packs has been instrumental in providing me with
practical skills and knowledge essential for a career in marketing.
I am grateful for the opportunity to contribute to meaningful
projects and collaborate with talented professionals in the field.
This internship has not only reinforced my passion for marketing
but also equipped me with the confidence to pursue future
opportunities in this dynamic and evolving industry.
Recommendations
Based on my internship experience, I recommend future interns
in marketing staff roles to actively engage in collaborative
projects, seek opportunities to enhance digital marketing skills,
and leverage analytical tools for data-driven insights. Additionally,
maintaining open communication and adaptability in a diverse
team environment will contribute to their overall success and
growth.
Bibliography
Books and Academic Sources:
Kotler, P., & Keller, K. L. (2016). Marketing Management
(15th ed.). Pearson.
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Kotler, P., & Armstrong, G. (2017). Principles of Marketing
(17th ed.). Pearson.
Pandey, M. (2018). Marketing Strategies for Food Products.
Routledge.
Industry Reports and Market Analysis:
"Indian Spice Industry Market Overview 2024". (2024).
Market Research Future. Retrieved from Market Research
Future.
"The Growth of the Indian Masala Market: Trends and
Forecasts". (2023). Technavio. Retrieved from Technavio.
Company Websites:
MDH Spices. (n.d.). Company Information. Retrieved from
MDH Spices.
Everest Spices. (n.d.). About Us. Retrieved from Everest
Spices.
MTR Foods. (n.d.). Company Overview. Retrieved from MTR
Foods.
Marketing and Business Articles:
“Emerging Trends in the Indian Spice Market.” (2023).
Business Standard. Retrieved from Business Standard.
“Digital Marketing Strategies for Food Products.” (2023).
Marketing Week. Retrieved from Marketing Week.
Government and Regulatory Sources:
Food Safety and Standards Authority of India (FSSAI). (2022).
Guidelines for Spices and Condiments. Retrieved from FSSAI.
Ministry of Commerce and Industry, Government of India.
(2023). Annual Report on Spice Exports. Retrieved from
Ministry of Commerce and Industry.
Online Databases and Journals:
Rao, M., & Gupta, N. (2023). “Consumer Preferences and
Trends in the Indian Spice Market.” Journal of Food Science
and Technology. Retrieved from SpringerLink.
Internship Resources and Company Documents:
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Gooday Agro Packs. (2024). Internal Marketing Strategies
and Campaigns. Company documentation.
Gooday Agro Packs. (2024). Employee Handbook and
Training Materials. Company documentation.
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