TITLE: Comparative Analysis of 4 P's of Business Newspaper Primary Objective
TITLE: Comparative Analysis of 4 P's of Business Newspaper Primary Objective
TITLE: Comparative Analysis of 4 P's of Business Newspaper Primary Objective
PRIMARY OBJECTIVE;
1. To analyze the customer awareness for various Business newspaper in market
2. To find out the interest of the customer in different section of Business newspaper
3. To find out factors which would influence the buying decision of the reader?
4. To compare the major business newspaper on the various grounds (like 4 P’s)
5. To find out the effect of income level on the reading habits of people
INTRODUCTION
Business Standard is a financial daily from Business Standard Ltd (BSL). It is published in
two languages (English and Hindi) from 14 centres in India. The main English edition comes
out from 12 centre’s - Mumbai, New Delhi, Kolkata, Bangalore, Chennai, Ahmedabad,
Hyderabad, Chandigarh, Pune, Lucknow, Bhubaneswar, and Kochi - and reaches readers in
over 1,000 towns and cities across the country.
Business Standard (BS) is a serious, respected, top-notch, non-frivolous, business daily,
which is founded on the editorial principles of integrity, accuracy and trust. Growing rapidly
& consistently, circulated in more than 1000 cities across the country. This shows that more
readers value Business Standard. It is regarded as India’s most credible and the second largest
business daily.
Media and Entertainment - May 2010
Media, the fourth estate, when entwined with the entertainment
component represents an effective facet of consumers in India.
Technology has played a key role in influencing the entertainment
industry, by redefining its products, cost structure and distribution.
The Indian Media and Entertainment (M&E) industry stood at US$ 12.9
billion in 2009 registering a 1.4 per cent growth over last year, according
to a joint report by KPMG and an industry chamber. Over the next five
years, the industry is projected to grow at a compound annual growth rate
(CAGR) of 13 per cent to reach the size of US$ 24.04 billion by 2014, the
report stated. Additionally, the gaming segment is expected to be the
fastest growing sector in the M&E industry. The sector showed a 22 per
cent growth in 2009 and is expected to grow at a CAGR of 32 per cent to
reach US$ 705.2 million by 2014, while the animation segment is
expected to record a CAGR of 18.7 per cent in the next five years as per
the joint report.
Television
A report by research firm Media Partners Asia (MPA) stated that India is
poised to become the world's largest direct-to-home (DTH) satellite pay
TV market with 36.1 million subscribers by 2012, overtaking the US.
Furthermore, in its report titled 'Asia Pacific Pay-TV and Broadband
Markets 2010', MPA said India's DTH subscriber base will increase from 17
million in 2009 to 45 million by 2014 and 58 million by 2020.
Music
The music industry is a vast entity and over the years it has witnessed
change significantly. The potential of the Indian music industry can be
better understood from its size estimated at around US$ 182.9 million in
2010, up from US$ 160.9 million in 2008, portraying a growth of 14 per
cent during the reporting period. It is expected to grow at a CAGR of 16
per cent over 2010-14 to reach US$ 379.1 million.
Radio
Advertising
A report by consultancy firm KPMG stated that the US$ 5.2 billion
advertising industry is set to grow at a compounded annual growth rate
(CAGR) of 14 per cent in 2010, in comparison to the last year. KPMG
observed that online advertising will grow about 30 per cent per annum,
establishing itself as the fastest growing advertising medium. While
elaborating further it stated that the growth in regional advertising is
partly driven by new sectors such as education, hospitality, jewellery and
real estate which often have local brands and therefore prefer to advertise
through local channels.
Emphasising on the Internet advertising industry, KPMG said the US$ 185
million industry would encourage both multinational companies and local
brands to focus on their marketing strategies.
Cinema
Films Division has been motivating the broadest spectrum of the Indian
public with a view to enlisting their active participation in nation building
activities.
According to the joint report by KPMG and an industry chamber, the film
industry contracted 14 per cent growth in 2009 wherein the industry is
projected to grow at a CAGR of 9 per cent to touch an estimated amount
of US$ 3.02 billion over the next five years. Growth drivers for the sector
would include expansion of factors like an increase in the number of
multiplex screens, digital screens facilitating wider releases, higher cable
and satellite revenues, improving collections from the overseas markets
and supplementary revenue streams like DTH, digital downloads, etc,
which are expected to emerge in future.
Reliance MediaWorks Ltd has signed a deal with UFO Moviez to establish a
gateway for digital film releases on Indian screens. The pact will enable
the firm to combine UFO Moviez' digitisation technology with its
programming expertise and digital cinema experience as stated by
Reliance Mediaworks.
Print/Publishing
The print media industry is projected to grow at a CAGR of 9 per cent and
targets to reach around US$ 5.93 billion by 2014, according to the joint
report by KPMG and an industry chamber.
Theatre
Milan Saini, Head and Managing Director, Cinepolis India Country stated
that "India is a huge opportunity for us as the market is under-penetrated.
We plan to set up 40 screens over the next 12 months across seven
properties in cities like Mumbai, Bangalore, Chennai and Hyderabad."
Digital Media
Government Initiatives
- The government has allotted US$ 50.13 million in the current Five-Year
Plan (2007-2012) for various development projects for the film industry.
The funds will be utilised to set up a centre for excellence in animation,
gaming and visual effects
- To offer better audio quality and sharper picture to millions of its
viewers, public broadcaster Doordarshan plans to go completely digital by
2017
The total direct and indirect foreign investment including portfolio and
foreign direct investment in Headend-In-The-Sky (HITS) Broadcasting
Service shall not exceed 74 per cent. FDI upto 49 per cent would be on
automatic route and beyond that under government route. This will be
subject to such guidelines/terms and conditions as specified from time to
time by Ministry of Information and Broadcasting (I&B)
FDI policy in the Up-linking of TV Channels is as under:
India offers a promising market for the print media industry. The expected CAGR of 12
per cent up to 2010 is a result of the increasing rate of literacy and thus the increase in the
number of people reading newspapers and magazines. Also, the demand for the latest
events in the country and the world is driving the newspaper industry growth. In 2010, the
print media is expected to reach Rs 19,500 crore from its present value of Rs 10,900 crore.
• CAGR: 12%
The bright future and the immense scope of the Indian print media have also aroused the
interest of foreign investors and recently the government has opened up the sector to foreign
investment. Foreign media has also shown interest in investing in Indian publications. The
revenues for India's newspaper market are generated from advertising and circulation.
India's growth rate in this segment is poised to be higher than the average rate of growth in
the Asia-Pacific region over the next four years.
Digital printing, new ways of promotion and distribution are the latest trends and content
being the focus of the print media industry. A few leaders in India in this segment are:
Times of India Group, Dainik Jagran, Lok satta, The Hindustan Times and The Hindu.
HISTORY OF BUSINESS STANDARD
Started in 1975 by the Ananda Bazar group in what was then Calcutta, the paper was hived
off as a separate company in 1996, and then bought by Mumbai-based financial investors led
by the Kotak Mahindra Bank, after which it began a phase of rapid expansion with the launch
of new editions.
T.N. Ninan was the editor from 1993 to 2009, after he moved over from the editorship of The
Economic Times. In January 2010, he was succeeded as the editor by Sanjaya Baru. Ninan
became the chairman and editorial director of the company.
Business Standard sells 184,646 copies daily in English, mostly to the business and policy-
making elite. Its Hindi edition sells 53,000 copies. AC Nielsen's survey of the upper middle
and rich market in India places Business Standard next to The Economic Times in total
readership.
The paper has a reputation for reliable reporting and responsible journalism, as well as for its
stimulating page of analysis and editorial comment. It has pioneered the ranking of the
wealthiest Indians (in the Billionaire Club), and offers along with the paper a free monthly
magazine on motoring. In 2006, the paper started its Sunday edition, which is now published
from four centres.
The Hindi paper is a first. Launched in February 2008, it comes out from seven centres,
stretching from Mumbai in the west, and running across the Hindi heartland, to Kolkata in the
east.
The newspaper's website is business-standard.com, through which visitors can also access the
Business Standard e-paper, with a choice of editions. BSL also publishes periodicals,
including BS Motoring, Indian Management and the Asian Management Review.
In January 2010, it launched smartinvestor.in, an information-cum-trading website for those
interested in the stock market.
➢ Additionally, BS offers its readers dedicated, topical magazines, inserted into the
newspaper.
– Along with the inherent strengths of Business Standard in the stock pages.
– Companies
– Commodities
– Economic Policy
– Mutual Funds
– Editorial
– Stocks
– Regional
– Politics
BUSINESS STANDARD EDITORIAL - QUALITY
➢ BS has some of the country’s best economic journalists and columnists working for
it.
➢ The Editor and Publisher of BS is Mr. T.N.Ninan, India’s best-known and most
respected business journalist.
Catering to the small business units and traders in Class 1 & 2 towns
1. BS Motoring,
2. Indian Management
3. Asian Management Review
4. Business Standard English newspaper
5. Business Standard Hindi newspaper
6. Business-standard.com
INDIAN MANAGEMENT
Well researched articles provide the needed depth to get a grasp on the sector
Led by a team which is passionate about automobiles – which reflects in the loyal
readership that it commands.
Among many firsts, the BS Motoring awards is the oldest and most respected.
Business-standard.com
Strong print influence translates into a readership which is serious and mature.
➢ Quality reporting, Incisive analysis, a superior product, an Ace editorial team that
counts amongst its ranks some of the best in the business
➢ No wonder, readers continue to give their unanimous vote for BS by picking up more
copies of BS month on month.
➢ All this without any combo offers or specially subsidised rates. Especially at a time
when others show a decline.
DATA Sources
There are two types of methods used in data collection i.e. primary data &
secondary data.
A) Primary data
Those data which are collected at first hand by the researcher especially
for the purpose of the study ,are known as primary Data .The data is
collected directly from the person in sample population. In this project
research the collection of data is directly interviewing customer. In the
collection of the primary data, I have used survey method and use the
questionnaire methods.
There are mainly two methods for the collection of the primary
data which are given below,
• Observational Method.
• Survey Method.
Observation method:-
Survey method:-
It is most popular method for the collection of necessary data from the
respondents. I have used survey method for the collection of the necessary
data.
• Personal interview.
• Telephonic survey.
• Mail questionnaires.
Personal interview:-
Telephonic survey:-
In the telephonic interview, the interviewer will make call to respondents,
inform the respondents about the purpose of the call and then he will ask
the related questions to the respondents. This method is used, when the
information to be collected is limited. It is mostly used when information to
be collected is limited.
Mail questionnaire:-
In the mail questioner the interviewer will mail the questionnaire to the
respondents and inform them about the purpose of the survey. Also the
time limit for the questionnaire is specified in the mail. This method is used
when the area to be covered is large and the survey has to be conducted in
the specific limit.
B) Secondary data
Any data which had been gathered earlier for other purposes are secondary
data in hand of marketing research. These data has been collected from
company dealer like Dealer profile, industrial profile, company profile are
collected from the internet.
The secondary data are collected from the magazines, internet and
1. Observation research.
2. Survey Research
4. Experimental research.
In this project the approach used was survey approach because the main
objective of our survey was to study of the market potential and have an
idea about the customer awareness.
RESEARCH INSTRUMENT
Sampling Plan:-
Sampling Procedure:-
1. Probable Sampling
2. Non-probable sampling
Contact Methods:
1. Mail Questionnaire
2. Personal Interview
3. Telephonic Interview.
4. Internet
Collection of Information:
The information available is analyzed in the form of tables, graphs and pie
chart.
Presentation of Findings.
Questionnaire
Name : ______________________________________________
Age : ___________yrs
2. Student
3. Service
4. Other
Gender : ___________________
Rs 10,000 - Rs 25,000
RS 25,000 - Rs 60,000
Rs 60,000 - Rs 1,00,000
Email id:_______________________@___________________
1. Yes
2. No
1. Economic times.
2. Business Standard.
3. Business Line.
4. Mint.
5. Financial Express.
1. Friends/Relatives
2. Magazines
3. Television
4. Internet
6. Salesman
1. Regular.
2. Not Regular.
1. Less than 1 yr
1. International Market.
2. Indian Market.
3. Investment.
4. Strategies and Policies.
5. If any other, please specify __________________
Content clarity
Content
provided
Content length
Benefits to your
Profession
Language Used
Quality of paper
material used
Supplements
provided
Pictorial
Representation
Inculcating the
Reading Habits
8. Are all business newspapers available in your area?
1. Yes
2. Not sure.
3. No.
9. Rate the following how it affect your buying decision? (1 = lowest & 10 =
highest)
1. Cost :- __ / 10
2. Increase in cost of newspaper on weekend :- __ /10
3. Subscription offer :- __/10
4. Newspaper back by Big publishing Houses :- __ / 10
1. From Vendor
2. From Salesman
3. If any, Please specify ____________
1. Excellent
2. Very Good
3. Average
4. Below Average
5. Poor
12. How satisfied are you with the current newspaper you read?
1. Extremely Satisfied
2. Satisfied
3. Neutral
4. Dissatisfied
5. Extremely Dissatisfied
1. Friends/Relatives
2. Magazines
3. Television
4. Internet
6. Salesman
Parents
Brother/Sister
Husband/Wife
Friends
Relatives
Office
colleague
1. Yes
2. No
2. Price:
____________________________________________________________________
_____________________________________________________________________
______
_____________________________________________________________________
______
_____________________________________________________________________
______