The document discusses L'Oreal, a French cosmetics company founded in 1909. It summarizes L'Oreal's history and global operations, including its presence in India over the past 13 years. In India, L'Oreal operates through its wholly owned subsidiary and has four divisions. The biggest revenue generator in India is the consumer products division led by its strongest brand, Garnier. L'Oreal is planning to enter the herbal and ayurvedic cosmetics market in India through potential acquisitions of brands like Biotique and VLCC. It views India as one of its top five growing global businesses.
The document discusses L'Oreal, a French cosmetics company founded in 1909. It summarizes L'Oreal's history and global operations, including its presence in India over the past 13 years. In India, L'Oreal operates through its wholly owned subsidiary and has four divisions. The biggest revenue generator in India is the consumer products division led by its strongest brand, Garnier. L'Oreal is planning to enter the herbal and ayurvedic cosmetics market in India through potential acquisitions of brands like Biotique and VLCC. It views India as one of its top five growing global businesses.
The document discusses L'Oreal, a French cosmetics company founded in 1909. It summarizes L'Oreal's history and global operations, including its presence in India over the past 13 years. In India, L'Oreal operates through its wholly owned subsidiary and has four divisions. The biggest revenue generator in India is the consumer products division led by its strongest brand, Garnier. L'Oreal is planning to enter the herbal and ayurvedic cosmetics market in India through potential acquisitions of brands like Biotique and VLCC. It views India as one of its top five growing global businesses.
The document discusses L'Oreal, a French cosmetics company founded in 1909. It summarizes L'Oreal's history and global operations, including its presence in India over the past 13 years. In India, L'Oreal operates through its wholly owned subsidiary and has four divisions. The biggest revenue generator in India is the consumer products division led by its strongest brand, Garnier. L'Oreal is planning to enter the herbal and ayurvedic cosmetics market in India through potential acquisitions of brands like Biotique and VLCC. It views India as one of its top five growing global businesses.
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Comparative study of Dove &Loreal Product in Ghazipur
SURVEY PROJECT REPORT
Submitted to Veer Bahadur Singh Purvanchal University, Jaunpur In partial fulfillment of the requirements of the degree of BACHELOR OF BUSINESS ADMINISTRATION Submitted By- Under the Supervision of: Nabila Parwej Mr. Vijay Kumar Pandey BBA IV Semester Assistant Professor Roll No. -5460037 Dept. of Business Administration
2014
Technical Education & Research Institute,Post- Graduate College, RavindrapuriGhazipur (U.P.) Pin-233001
Certificate This is to certify that Nabila Parwejpursuing BBA 4 th Semester from this Institute has prepared the Research project report entitledComparative study of Dove &Loreal Product in Ghazipur inpartial fulfillment of the requirements of the degree of Bachelor of Business Administration from V.B.S. Purvanchal University, Jaunpur, for the session of 2013-2014. This report is based on bona fide research undertaken by ShreyaUpadhyayunder my supervision during the course of fourth semester and fulfills the requirements of regulations relating to the nature and standard of B.B.A. course of V.B.S. Purvanchal University. I recommend that this research project report may be sent for evaluation.
Rahul Anand Singh ArifSultam Associate Professor & Head, Assistant Professor, Dept. of Business Administration Dept. of Business Administration
Declaration I, JyotiMauryahereby declare that this survey project report entitled Market Analysis and Consumer Preference for Hair Color Brand in Ghazipur has been prepared by me on the basis of survey done during the course of my fourth semester of BBA programme under the supervision of Mr. Arif Sultan, (Assistant Professor)department of business administration T E R I, Ghazipur. This survey project report is my work and has not been submitted in any university or Institute for the award of any degree or diploma prior to the under mentioned date. I bear the entire responsibility of submission of this project report.
30 th May 2014 NavilaParvajBBA IV Semester
Department of Business Administration Technical Education & Research Institute P.G. College Ghazipur Index of Contents
Preface Acknowledgement CHAPTER -1 Introduction to the topic Objective Importance Scope CHAPTER-2 Research Methodology CHAPTER-3 Data Analysis & Interpretation CHAPTER-4 Finding Recommendations CHAPTER-5 Conclusion Limitation Annexure ( Questionnaires ) Bibliography
PREFACE The first real insight of an organization for management student comes only during his preparation of project work because student first interacts with real practical work. This is first introduction to industry and its working. This project work synthesize the theoretical concept learn in the class room and its practical orientation in organization. In my project I have studied theMarket Analysis and Consumer Preference for Hair Color Brand in Ghazipur. The First chapter deals with the introduction of the topic, it also describes the profile and history of Hair color brands. In first chapter I have mentioned institute. This chapter also describes the organizational structure of both the organization. The objective and need of research is also mentioned in section of project work. The Second chapter deals with research methodology. The process of carrying out the whole research problem is defined in it. It contains information about the objectives of the research, methods of data collection, sampling and sample design. Third chapter is data analysis and interpretation. This is the most important section of the project work. This section contains the analysis of all the data collected so far and they are interpreted to produce the final conclusion. It contains all the tables and charts which depicts the result. Chapter four contains the finding and recommendation of the research. This is based on the data analyzed and interpreted in the previous chapter. This is the most important section of the research report for a report is evaluated on the validity ad correctness of findings. Chapter five depicted conclusion which concludes the whole report, that is, gives a brief description of the process employed so far. And later chapters contain bibliography. Which describes the list of sources from where the matter and information is collected? It contains the list of books, authors, web sites use etc.
JyotiMaurya B.B.A. IV Sem.
Acknowledgement
Many thanks to the God, who has sent me on this earth and by mercy of him, I would be able to accomplish this research.
A person who has always encouraged me towards positive and used to say Nothing can be impossible if you are working hard with heart and soul. The Word regard is very small for him and I dont know what word will be appropriate for him, that person is my elder Brother Mr. AnandKashyap
I express my deep sense of gratitude and regards to Mr. ArifSultam (Lecturer, Dept. of management studies, T.E.R.I., P.G. College affiliated to Veer Bahadur Singh Purvanchal University) under whose guidance I completed this project, I am thankful to her valuable guidance, gentle encouragement and pains she took in guiding me throughout the study.
Some of my Friend, Maneeshaand Kajal whose suggestion for what is Right or Wrong has shown my aim and objectives of life. Again, I heartily express my regard to all the above person mentioned and pray to the God May live them long. NavilaParvej BBA 4 th Sem.
Chapter -1
Introduction
INTRODUCTION LOreal was founded in the year 1909 by Eugene Schueller, a French chemist who developed an innovative hair color formula. Today, the LOreal Group is the world's largest cosmetics and beauty company and its headquarter is in the Paris suburb of Clichy, France. It got its start from the hair color business but soon it developed activities in the field of cosmetics, concentrating on skin care, sun protection, make up, perfumes and hair care. LOreal main branches are Cosmetics, The Body Shop and Dermatology. L'Oreal is active in the dermatological and pharmaceutical fields, however Cosmetics is the key revenue generator (See Exhibit I). It is also the top nanotechnology patent-holder in the United States. LOreal famous advertising slogan is "Because Im worth it". It has recently been replaced by "Because you're worth it". Its portfolio of brands includes the cosmetics range of L'Oreal Paris and Maybelline NY, shampoo range Garnier, luxury products such as Lancome and active cosmetics such as Vichy. Its closest global competitor in the premium make-up segment is Revlon. Indias contribution to the growth of the global cosmetics market is about 60 percent. The beauty and the wellness sector in India are on a boom. LOreal started its operations in India thirteen years ago. The share of the Indian market to L'Oreal's turnover of 15.8 billion is small, but is growing. It operates in India through its wholly owned subsidiary, LOreal India has four divisions consumer products, professional products, active cosmetics and luxury products. The biggest contributor to its revenue in India is the consumer products division led by its strongest brand in terms of sales - Garnier. LOreal India has recently setup its own manufacturing plant in Pune. It imports most of its products from its facilities abroad and manufactures the rest in Pune. The Indian subsidiary headed by Chief Operating Officer Dinesh Dayal, who has been with the company for 20 years, is one of the key officials responsible for the formation and operations of L'Oreal India. The operations in India are conducted through a judicial mix of global and local methods of advertising to appeal to the Indian consumers. LOreal advertising account is handled by Mccann Erickson. LOreal India has discovered over the years, the behavior of the Indian consumers and has realized that the Indian consumer is not as price conscious as is portrayed. The brand is more expensive than the average FMCG, but offers a true value for money. The companys growth in India can be attributed to its innovation of new products, supply chain management, systems and structure. Being the worlds second largest cosmetics major, LOreal is planning to foray into the Rs 1,000-crore Indian herbal and ayurvedic cosmetics industry. After identifying its targets, LOreal India is in advanced talks with Biotique and VLCC to acquire herbal/ayurvedic cosmetics brands. The group is taking the acquisition route to enter this niche sector. LOreal has thus identified India as one of its top five growing businesses globally. L'Oreal's research facilities in France, the USA, and Japan bring together more than 3,000 scientists and research staff. Their discoveries are published in leading scientific journals. LOreals innovations are patented, creating some 586 patents in 2004 alone.
PRODUCT STRATEGY LOreal operates in India through four main divisions: consumer products, professional products, active cosmetics and luxury products. The biggest contributor to its revenue in India is the consumer products division led by its strongest brand in terms of sales Garnier.
Consumer Products
GarnierfructiceLOreal Paris Maybelline
L'Oreal Consumer Products Professional Products Luxury Products Active Cosmetics Professional Products
LOreal Professional KerastaseMatrix Keraskin
Luxury Product
Giorgio Armani Diesel Lancome Ralph Laurel Keihls
Active Cosmetics
La Roche-PosayVichy
In the hair color segment, Garnier operates in the mid-price and luxury segment. This has enabled it to garner a 20 per cent share in a market dominated by local hair colorants and dyes. Garnier attributes its performance to being the first player in India to introduce a cream-based hair color below the price of Rs 100 (2002) and the first home-highlighting kit (2005).
PRODUCT EXTENSION: -Garnier mainly produces hair care products, including the Fructis line, and most recently, skin care products under the name, Nutritioniste, that are sold around the world. One of their key ingredients is a fruit concentrate used in all their products. It is a combination of fruit acids, vitamin B3, B6, fructose and glucose. Garnier, the L'Oreal- owned brand that shook up the US hair care market with the introduction of Fructis in 2003, now has plans to bring over its skin care collection too. While L'Oral was focusing on hair color market in the initial stages of its launch, Maybelline was in the premium color cosmetic segment while Garnier in the "naturals" segment. In 2000 LOreal launched its range of cosmetics in to Indian market. Garnier concentrated on the Natural Hair care market with the main USP of strong hair. The brand positioned as a Unisex brand mainly used its international campaigns in India to appeal to the Indian consumer. Garnier believes in beauty through nature. Scientifically developed and enriched with selected natural ingredients, its products help look healthy and feel good every day. LINE EXTENSION: - As mentioned above LOreal has been experimenting with their products a lot and they spend a lot on R&D (SEE EXHIBIT II), they have done a huge line extension in their product line up. Garnier itself has five different varients in its hair care segment (Shampoo), named as Fructis, Fructis Oil Repair, Fructis Blonde, Fructis Men &Fructis Wave Definition. Similarly LOreal Paris has six variants, named as Elvive, Elseve Absolute repair Shampoo, Elseve Vitamin Shampoo, ElseveRenuitrition, Vive Pro Thickening & Vive Pro Nutri Gloss. Similarly, there are many more variants of other brands too. BRAND EXTENTION:- Acquiring influential and well positioned brand is an important strategy of L'Oreal in developing its brand architecture. It achieves rapid growth by acquiring brand in same or related business and is continually seeking these opportunities in the worldwide scope. L'Oreal expanded its brand architecture by acquiring Maybelline brand in 1996, which was a very successful transaction. The Maybellines image was enhanced by branded L'Oreal while L'Oreal got complementary in its brand architecture. Recent years in Asia, it acquired the third skincare brand Mininurse in China and Japanese top luxury brand ShuUemura. This shows that LOreal is very aggressive in building the brand architecture by acquiring other influential brands. PRODUCT DIFFERENTIATION: - LOreal came with a product name Elvive Full Restore 5 which has differentiated itself from the other products of LOreal. Initially LOreal came up with brands like Elvive Smooth-Silk Light, Elvive Anti-Dandruff, Elvive Damage care etc. but after lauchingElvive Full Restore 5 they made it clear that this product is superior to the other as it includes all the important features for which a customer was using different products. PACKAGING STRATEGY: -Most L'Oreal makeup products aren't bubble-wrapped on cardboard like Artmatic and Wet & Wild - both serviceable products. L'Oreal displays are elegant. , who get up close and personal with their sister-viewers, confiding that, yes, L'Oreal DOES cost a little more ... "but I'm worth it.". This creates Consumer Affluence and hence customers are willing to pay a little extra for its product. The packaging strategy of Garnierproducts create a brand image in the mind of consumers, whenever a consumer sees the bright green packaging in hair care segment they relate it to Garnier. Garnier, L'Oreal and Maybelline, the three brands of LOreal have been defined by their price segments and positioning. The company has been steadily increasing its product portfolio in the Indian market especially in the hair care segment. Its skin care brand of Garnier has been extended to a shampoo and hair conditioner under the Fructis brand, in spite of the presence of Garnier's Ultra Doux shampoo and hair conditioner. Its hair coloring portfolio has also been given a boost and the company has decided to rope in KareenaKapoor as its new brand ambassador for its hair color brand of GarnierNutrisse. Garnier concentrated on the Natural Hair care market with the main USP of strong hair. The brand positioned as a Unisex brand mainly used its international campaigns in India to appeal to the Indian consumer. Garnier has been able to establish itself firmly in the Indian market and has clearly defined its target market which is the middle class and the upper middle class segment. Garnier has very effectively designed its promotional strategies by adapting to the changing customer demand. It has penetrated firmly in the Indian market both in skin care as well as hair care products covering a wide range from shampoos, conditioners, to gels, serums, hair mousse, anti-acne ointments, anti-wrinkle creams etc. Two main natural ingredients of LOreal skin products are Fructose and Glucose. The role of Fructose and Glucose in nourishing hair is demonstrated in vitro culture of hair follicles. Fructose and Glucose are fuel for hair. The main ingredients are-Fruit AHA (Alpha Hydroxy Acids), Green Tea Extract, Caffeine, Anti Storage Gingko, Grape Seed Oil, Vitamins B3 and B6 & Fruit Oils. PLACE STRATEGY To run a company in profit the place factor out of the 4ps of marketing mix plays a very crucial role. This includes decisions about where to sell the product or concerns about where the customers are, and how to get to them. It also includes the "channel of distribution" - meaning, all the different middlemen a company use to get the product out to the customer. LOreals success in the cosmetic industry is due not only to their high quality, but also to the corporations marketing efforts to make sure their various brands have a strong market presence. In past 100 years that it has expanded, it has supplied to 130 countries with offices in 58 different countries. To make its presence feel in different parts of the world LOreal has acquired many different companies like The Body Shop International plc, known as The Body Shop, which has over 2,000 stores in more than 50 countries. As stated above in the Product strategy LOreal believes in Brand extention its acquisitions represent L'Oreals ambition to capture Asian market. They have the same product business with L'Oreal. In China the acquisition will enhance L'Oreals market position in skincare and acquire distribution channels Mininurse had. It is also a preparation for the future expansion in the most fast-growing market China. By acquiring ShuUemura, L'Oreal want to use this Japanese brand to compete with SK-which was a competitor in the same level, in order to meet the trend of prevalence of Japanese cosmetic brand in Asia. This is considered to be an effective and cost- efficient strategy which is consistent with L'Oreals overall brand architecture As we know the brand loyalty of LOreal is very high and hence LOreal follows a pull strategy. Customers of LOreal goes directly to the outlets and buy the products. DISTRIBUTION CHANNEL: - Second Level Consumer Marketing Channel
ANALYSIS OF INDIAN MARKET Garnier being an important brand of LOreal in both hair care and skin care is available all round the globe easily. In Indian market the hair care products of garnier like garnierfructis, ultra doux etc is available in both organised and unorganized retail shops in India. The high end skin care products like Nutritionsite are available only in selected retail outlets in country. In India Garnier manufactures its products in Pune whereas its registered office is in Mumbai. To popularize its product line LOreal has occupied brand corners in many big malls and retail outlets in which garnier products get a major chunk. LOreal has tie ups with many big beauty salons and parlors who can promote and sell its products. Over the past decade the company has trained more than 30,000 hairdressers in India in the use of its products. And it has helped to establish about 300 salons in the past five years. The theory is simple: If there is no natural demand for your goods, stimulate it. We have created a profession and a market, Didier Villanueva, LOral Indias country manager, said. If you train people they will use your products. Its sales in India, where it is No 2 behind Unilever, are growing at 35 per cent a year. This year, they are about 100 million (71 million). Although LOrals professional products division represents only 17 per cent of total revenues, hair color was the Paris-based groups Manufacturer Wholesaler Retailer Consumer genesis and remains the creative heart of the business. Money-spinning mass-market brands such as Garnier are being pushed hard in India, where the company estimates there is a market of 50 million. Garnier products are easily available for sale on many websites in India.
PRICE STRATEGY The target segment for any product is that homogeneous group of people which is purported to be the most potential customer for the product. The market follows the Pareto Principle, which says that 80 per cent of the sales come from 20 per cent of the people. Thus, for any product, one of the major tasks of marketers is to identify the group of 20 per cent that gives 80 per cent revenue of that products sale to the company. No surprise then that major marketing efforts of companies attempt to attract the most potential group. In the present stage of immense competition, companies are required to effectively plan their pricing strategies to not only retain current customers but to also expand the customer base by targeting new segments with an aim to convert them into loyal customers. Trying to strike a balance in its pricing strategy for the Indian market, `L'Oreal India Private Ltd believes that by introducing more stock keeping units (SKU's) it will be able to tide over the steep pricing of its products. L'Oreal is looking at pricing in the Indian context and there is a kind of balance they have struck. Considering the large number of SKU's that they already have worldwide, they are planning to market the products at an almost comparable pricing. Considering the company has set up its manufacturing facilities in Pune and has also been sub- contracting its products, it has been easier for it to control its prices in the Indian market. For aspirational products Garnier has adopted an international pricing strategy, which may not be the case for the rest of the products. However there is no hard and fast rule. Besides, the company has also been customizing its products for the Indian market and there is expected to be a blend of both international as well as Indian formulations for its products. For instance its Garnier brand of Color Naturals is an `Indianised' product. L'Oreals innovations always start from its luxury brands then penetrate to the brands in different price level and different markets eventually implemented in its consumer brands. The innovations based on the same technology platform will reduce the cost. The knack for L'Oreal to create the advantages is to spread around strategic investment by sharing the production of innovation between different product divisions. L'Oreal not only focuses on the single brand but also pays attention to the technology relevancy in the series of brands. For example, L'Oreal first introduced a break through anti-aging composite by using Lancme brand. Subsequently, it was implemented in Vichy brand and brought into the consumer product division eventually. The broad distribution channel of consumer products was used to promote this technology at last. In term of same products in the different market, L'Oreal also exerts the technology platform to meet the specific needs of consumers. From L'Oreals experiences, the core technology platform is a key component to the success of an international company with complicated brand house. Without leveraging the resources between brands, it will cause increase of operational cost and waste of resources and will be very hard to manage the L'Oreals sophisticated brand architecture. Other than building the brand structure according to the product identity, L'Oreal relied on distribution channel to carry out its strategy of brand structure. There are four product departments in L'Oreals structure. Every department has several brands and each brand has many names. They are conspicuously different in packages and with distinct image and advertising. The different brands share the resources of distribution channel and have high integration effect on management. The luxury brands of LOreal are sold in strictly selected distribution channel like department store, perfumeries and tax free shop. Professional products are provided to the hairdressers. Active cosmetic products are sold in pharmacists. The most important sector consumer products are distributed through mass consumption channel like department store and supermarket. L'Oreal has formed a brand matrix with great power of integration. Any new brand merged into the relevant channel will fully utilize the resources in existing channel as well as expand L'Oreals whole distribution channel by integrating its original channel. The dissemination of brand will improve companys overall influential power. L'Oreal recognized the leverage effect of it brand and focus its propagandas on brand rather than propagandas on particular product. It is dedicated in building the relationship between its brand and the market. It aims to enhance brand power by maintaining the good image in publicities. L'Oreals efforts were also embodied on its marketing strategy. It always concentrates on supporting those brands which can mostly represent its advantages and leverage resources to those premium products. Firms that aim to expand internationally or strengthen market position tend to acquire new brand into the brand architecture. LOreal also follows the bundling strategy to increase its sales. They come up with a customized make up kit and sell it at a discounted rate. By discounting such products, LOreal taps the potential buyers easily.
PROMOTION STRATEGY LOreal has been very active and upfront in adopting new promotional techniques to market its products. The company follows a very popular technique to advertise and market its products that was the Viral Marketing policy. Viral marketing is a term coined to define the productive ways a marketing message is made available. And corporate are using the medium to circulate brands and brand messages. The idea has caught on like a virus, as efficiently as Information Technology has entered households and businesses. Firms are now structuring their businesses in a way that allows them to grow like a virus and lock out the existing brick and mortar competitors through innovative pricing and exploitation of competitors' distribution channels. The beauty of this marketing technique is that none of it requires any marketing. Customers, who have caught the virus, do the selling. Viral marketing describes any strategy that encourages individuals to pass on a marketing message to others, creating the potential for exponential growth in the message's exposure and influence. Like viruses, such strategies take advantage of rapid multiplication to explode the message to thousands, to millions. Off the Internet, viral marketing has been referred to as "word-of-mouth'', "creating a buzz'', "leveraging the media'' and even "network marketing.'' It's a deceptively simple concept: Create a message, send it via e-mail, and make it so compelling that recipients want to pass it on to everyone in their address book. Advertisers are hot on the tactic and the idea of putting consumers to work spreading the word about a brand or service seems sound. CONTEST: - When Garnier launched its Fructis shampoo, they latched on to the idea. The firm had to introduce the aspect of five times stronger hair and the firm had a braid competition whereby consumers could register on a site and create a knot on the Fructis braid, as part of their entry into the contest. The knot creation was actually created (visually presented on the site) and as a next step, consumers were expected to invite their friends to visit the braid and add to their score. A record 76,000 consumers created their own knot on the braid and forwarded the link to more than 82,000 of their friends, a survey report indicated. Viral marketers practice delayed gratification. They may not profit today, or tomorrow, but if they can generate a groundswell of interest from something free, they know they will profit soon and for the rest of their lives. Since 'Free' happens to be the most powerful word in a marketer's vocabulary, most viral marketing programmes have attached themselves to it. The idea is to give away valuable products or services to attract attention. And, more importantly, someone else's resources are depleted rather than our own. Garnier has positioned itself as a lifestyle product mainly targeting teenagers and young girls. This is very evident from Garnier ads be it for Garnierfructis shampoos or for hair color. In a recent advertisement of Garnier hair color, a daughter advises her mother to try the product and thus makes an attempt to promote product among middle- aged women. Hence, expanding the base of the target segment gives a whole new market to marketers, provided they are successful in convincing the customers of the second-rung segment. Mr. Pramod Jain, Marketing Manager LOreal (Nagpur) said Companies need to be very strategic in presenting the product and its features to attract another segment. At the same time, companies need to be sensitive about the impact of targeting other segments on the existing target segment. It may be damaging, especially, if in a process of expanding its customer base, a premier brand is targeted at the aspiring middle-class also. In case of any signals of lowering demand with the existing target group, companies should adopt line extensions by bringing suitable changes in the products.
POINT OF PURCHASE DISPLAY: - LOreal apart from its own outlet puts its product in display at various places. We have seen LOreal stalls in malls, various unisex saloons, VLC outlets etc. This kind of display allows the consumer to see the product and enquire about the same. RELYING ON INTERNATIONAL AD CAMPAIGNS: - Increasing its ad spend for the launch of its new products, L'Oreal has been relying more on its international campaigns to make an impact in the Indian market. McCann Erickson in Mumbai handles the L'Oreal and Maybelline account while Publicis India is in charge of Garnier. "The ad accounts have been aligned according to our international affiliations with these agencies and we try to have a mix of both the Indian and international ads," says Mr. Rajgopal. L'Oreal India currently has three brands in its consumer products portfolio and there are product overlaps between its hair care, skin care and color cosmetics brands. Garnier, L'Oreal and Maybelline have been defined by their price segments and positioning. OTHER PROMOTION STRATEGY: - The cosmetics giant is using hairdressing schools to stimulate demand for products many Indians saw as an alien extravagance. Since it opened its first academy in Bombay in 2006, 73 hairdressers have graduated. The six- month course turns out professionals capable of working as a junior in one of the select but growing number of international-standard salons in Indias big cities. LOrals distribution network also plays a vital role. Over the past decade the company has trained more than 30,000 hairdressers in India in the use of its products. And it has helped to establish about 300 salons in the past five years. The theory is simple: If there is no natural demand for your goods, stimulate it. We have created a profession and a market, Didier Villanueva, LOral Indias country manager, said. If you train people they will use your products. In a media-driven culture obsessed with Bollywood, urban consumers are very demanding and image is everything. They read glossy magazines such as Vogue, which launched an Indian edition in September, and follow the changing fashions of their favourite celebrities. Much like Britains tabloid fascination with David Beckhams changing hairstyles, the recent decision by Mahendra Singh Dhoni, the 26-year-old captain of the one-day cricket team and the face of Brylcreem in India, to chop his long locks made front-page news. Unprecedented economic growth in India, which is forecast by McKinsey to become the worlds fifth-biggest consuming nation by 2025, has created a raft of opportunities for international lifestyle brands. Emerging markets such as India are driving the growth of the cosmetics industry. LOral, which uses AishwaryaRai, the Bollywood star and former Miss World, as one of its international faces, estimates there are 70 million potential consumers being created every year. Its sales in India, where it is No 2 behind Unilever, are growing at 35 per cent a year. This year, they are about 100 million (71 million). Although LOrals professional products division represents only 17 per cent of total revenues, hair color was the Paris-based groups genesis and remains the creative heart of the business. Money-spinning mass-market brands such as Garnier are being pushed hard in India, where the company estimates there is a market of 50 million people. In India, advertisements for L'Oral-branded products and the company's Garnier line generally feature a pale model and focus on the ingredients in the product, using take- action language like "YES to fairer and younger looking skin" or "Against inside cell damages."
OBJECTIVE
IMPORTANCE
SCOPE
Chapter -2
Research Methodology
Research Methodology `Research`
Research is a purposeful investigation. It is a scientific & systematic search for knowledge & intimation on a specific topic research is use full & research objective can be achieved if it is done in propose process Methodology
The world methodology spell the meaning itself if the method used by the researches in obtaining information. The data (information can be collected from primary sources & secondary sources.) By primary data we mean data collected by researches himself for the first time to collaborate the data which has previously not been used is known as primary data By secondary data we mean the data collected from various published matters, a Magazine newspapers status of previous research report etc. In other words we can say that the data which as already been used your different purpose by different people is known as secondary Primary data can be collected through questionnaire and personal interview as for as concern my research is limited to dealers personality Secondary data are collected from the various books journals new spapereditional expert suggestions web sites & internet & etc. Research is a common language refers to a search of knowledge. Research is scientific & systematic search for pertinent information on a specific topic, infect research is an art of scientific investigation. Research Methodology is a scientific way to solve research problem. It may be understood as a science of studying how research is doing scientifically. In it we study various steps that are generally adopted by researchers in studying their research problem. It is necessary for researchers to know not only know research method techniques
The scope of Research Methodology is wider than that of research methods. The research problem consists of series of closely related activities. At times, the first step determines the native of the last step to be undertaken. Why a research has been defined, what data has been collected and what a particular methods have been adopted and a host of similar other questions are usually answered when we talk of research methodology concerning a research problem or study. The project is a study where focus is on the following points: RESEARCH DESIGN- A research design is defined, as the specification of methods and procedures for acquiring the Information needed. It is a plant or organizing framework for doing the study and collecting the data. Designing a research plan requires decisions all the data sources, research approaches, Research instruments, sampling plan and contact methods. Research design is mainly of following types: - 1. Exploratory research. 2. Descriptive studies 3. Experimental EXPLORATORY RESEARCH The major purposes of exploratory studies are the identification of problems, the more precise Formulation of problems and the formulations of new alternative courses of action. The design of exploratory studies is characterized by a great amount of flexibility and ad-hoc veracity. DESCRIPTIVE STUDIES Descriptive research in contrast to exploratory research is marked by the prior formulation of specific research Questions. The investigator already knows a substantial amount about the research problem. Perhaps as a Result of an exploratory study, before the project is initiated. Descriptive research is also characterized by a Preplanned and structured design. EXPERIMENTAL DESIGN:- A casual design investigates the cause and effect relationships between two or more variables. The hypothesis is tested and the experiment is done. There are following types of casual designs: I. After only design II. Before after design III. Before after with control group design IV. Four groups, six studies design V. After only with control group design. VI. Consumer panel design VII. Exposit facto design
B) DATA COLLECTION METHOD
PRIMARY SECONDARY
Direct personal Interview Indirect personal Interview
Information from correspondents Govt. publication Mailed questionnaire Report Committees & Commissions Question filled by enumerators. Private Publication Research institute
Unpublished Sources Published Sources
PRIMARY DATA These data are collected first time as original data. The data is recorded as observed or encountered. Essentially they are raw materials. They may be combined, totaled but they have not extensively been statistically processed. For example, data obtained by the peoples. SECONDARY DATA Following are the main sources of secondary data: Official Publications. Publications Relating to Trade: Journal/ Newspapers etc.: Data Collected by Industry Associations: Unpublished Data: Data may be obtained from several companies, organizations, working in the same areas like magazines.
Period of Study: This study has been carried out for a maximum period of 4 weeks. Area of study: The study is exclusively done in the area of marketing. It is a process requiring care, sophistication, experience, business judgment, and imagination for which there can be no mechanical substitutes. Sampling Design: The convenience sampling is done because any probability sampling procedure would require detailed information about the universe, which is not easily available further, it being an exploratory research. Sample Procedure: In this study judgmental sampling procedure is used. Judgmental sampling is preferred because of some limitation and the complexity of the random sampling. Area sampling is used in combination with convenience sampling so as to collect the data from different regions of the city and to increase reliability. Sampling Size: The sampling size of the study is 100 users.
Method of the Sampling Probability Sampling It is also known as random sampling. Here, every item of the universe has an equal chance or probability of being chosen for sample. Probability sampling may be taken inform of: Simple Random Sampling A simple random sample gives each member of the population an equal chance of being chosen. It is not a haphazard sample as some people think! One way of achieving a simple random sample is to number each element in the sampling frame and then use random numbers to select the required sample. Random numbers can be obtained using your calculator, a spreadsheet, printed tables of random numbers, or by the more traditional methods of drawing slips of paper from a hat, tossing coins or rolling dice. Systematic Random Sampling This is random sampling with a system! From the sampling frame, a starting point is chosen at random, and thereafter at regular intervals. Stratified Random Sampling With stratified random sampling, the population is first divided into a number of parts or 'strata' according to some characteristic, chosen to be related to the major variables being studied. For this survey, the variable of interest is the citizen's attitude to the redevelopment scheme, and the stratification factor will be the values of the respondents' homes. This factor was chosen because it seems reasonable to suppose that it will be related to people's attitudes. Cluster and area Sampling Cluster sampling is a sampling technique used when "natural" groupings are evident in a statistical population. It is often used in marketing research. In this technique, the total population is divided into these groups (or clusters) and a sample of the groups is selected. Then the required information is collected from the elements within each selected group. This may be done for every element in these groups or a sub sample of elements may be selected within each of these groups. Non Probability Sampling It is also known as deliberate or purposive or judge mental sampling. In this type of sampling, every item in the universe does not have an equal, chance of being included in a sample.
It is of following type: Convenience Sampling
A convenience sample chooses the individuals that are easiest to reach or sampling that is done easy. Convenience sampling does not represent the entire population so it is considered bias. Quota Sampling In quota sampling the selection of the sample is made by the interviewer, who has been given quotas to fill from specified sub-groups of the population. Judgment Sampling The sampling technique used here in probability > Random Sampling. The total sample size is 100 profiles. I have selected Probability sampling method for this research study. Data Collection: - Data is collected from various customers through personal interaction. Specific questionnaire is prepared for collecting data. Data is collected with more interaction and formal discussion with different respondents and we collect data about investment pattern of people by face to face contact with the persons from whom the information is to be obtained (known as informants). The interviewer asks them questions pertaining to the survey and collects the desired information.
Chapter 3 Data Analysis & Interpretation
QUESTIONNAIRE
DEAR RESPONDENT, Myself NavilaParvejPursuing B.B.A at T.E.R.I. P.G. GHAZIPUR. I seek your responses and kind co-operation for the purpose of successful of my survey project report. THANK YOU Navila Parvej B.B.A.4 th sem T.E.R.I. P. G. College Ghazipur Name: . Age: Address: Education: . Gender: Occupation: Monthly Income..