UNIVERSITY OF MUMBAI Black Book
UNIVERSITY OF MUMBAI Black Book
UNIVERSITY OF MUMBAI Black Book
DECEMBER 2019
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CERTIFICATE
This is to certify that ASIYA MQBOOL PATEL has worked & duly completed her/his Project
Work for the degree of Master in Commerce under the Faculty of Commerce in the subject of
I further certify that the entire work has been done by the learner under my guidance & that no
part of it has been submitted previously for any Degree or Diploma of any University.
It is her/his own work & facts reported by her/his personal findings & investigations.
Principal _______________
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DECLARATION BY LEARNER
I the undersigned ASIYA MAQBOOL PATEL here by, declare that the work embodied
contribution to the research work carried out under the guidance of Name of guide is a
result of my own research work & has not been previously submitted to any other
University for any other Degree / Diploma to this or any other University.
Wherever reference has been made to previous works of other, it has been clearly
I, here by further declare that all information of this document has been obtained and
Certified by
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ACKNOWLEDGEMENT
To list who all have helped me in difficult because they are so numerous & depth is so
enormous.
I would like to acknowledge the following as being idealistic channels & fresh dimensions
in the completion of this project.
I take this opportunity to thank the University of Mumbai for giving me chance to do this
project.
I would like to thank my Principal, Dr. T.P.Madhu Nair for providing the necessary
facilities required for completion of this project.
I take this opportunity to thank our Co-ordinator, for her moral support & guidance.
I would also like to express my sincere gratitude towards my project guide, whose
guidance and care made the project successful.
I would like to thank my College Library, for having provided various reference books
and magazines related to my project.
Lastly, I would like to thank each & every person who directly or indirectly helped me in
the completion of the project especially my Parents and Peers who supported me
throughout my project.
INDEX
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2. Literature Review 14
3. Objective of Study 14
4. Research Methodology 22
6. Finding 38
7. Conclusion 39
8. Recommendation 40
9. Bibliography 41
10. Questionnaire 42
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Chapter 1
Introduction
This study focuses on various aspects of formulating a new organizational brand and
how utilizing social media is vital to maintain a strong brand in today’s society. In a
world full of brand names everywhere you look, new brands should take a more direct
approach in their branding process, and reach out through social media. “Social media
has many benefits for a
business, including viral potential, cost, and the creation of brand reputation”
(Mohamed, 2012). By using traditional branding tactics along with new technology like
social media, new brands can easily differentiate from competition, develop a strong
customer base and achieve success. Branding is an important tool, especially for a
newly formed organization, that can be developed and used in conjunction with social
media to create a specific and successful image for a new organization.
A brand’s corporate message spreads from user to user and presumably resonates
because it appears to come from a trusted, third-party source, as opposed to the brand
or company itself. Social networking sites and blogs allow individual followers to
retweet or repost comments made by the product being promoted. Social media allow
marketers to refine their segmentation strategy by reaching a narrow target audience
Through social networking sites, brands can have conversations and interactions with
individual followers. This personal interaction can instill and strengthen brand loyalty
amongst followers and potential customers. Thus, each participating customer
informally becomes part of the marketing department, as other customers read their
comments or reviews.
Brands often use social media to transform customer comments and testimonials into
relevant and compelling content for personal selling, advertising and other promotional
tactics. Listening to social media “chatter” also helps companies stay in tune with public
sentiment about their brand. By tracking and analyzing conversations on social media,
public relations professionals can catch problems early and prevent negative publicity
from turning into full-blown crises.
With offices in India, New Zealand and Malaysia, the company aims to present their
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customers with endless options to purchase tickets for the latest movies, music
concerts, plays, stand-up comic acts, and major sporting events to name a few. Tickets
can be booked through various platforms like internet, mobile application, WAP and the
in - house call center.
With ticketing for over 3,000 screens across 250 cities, BookMyShow has partnerships
with all major Indian production houses and studios with real time ticketing for major
cinema chains like Inox, Big Cinemas, Cinemax, Fun Cinemas etc. 85% of all cinema
tickets sold online are booked on Bookmyshow, resulting in sales peaking up to 10
million plus tickets per month.
BookMyShow has ticketed for over 1,500 plays online and is the exclusive and
permanent ticketing partners for theatre venues like Prithvi Theater, Mumbai, NCPA
Mumbai, Indian Habitat Centre Delhi and Rangshankara Bangalore. With more than
100 million page views per month, BookMyShow has ticketed for more than 300 live
large format events and sport events such as ICL, city Marathons, etc.
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However, starting was far from easy. When Ashish told his parents
about his business idea, they weren't happy. Uncertainty and concern
hit them like any other parent mindful of their child's career. Finally,
Ashish was able to convince them. At the age of 24, he launched his
first ever internet venture with itss head office being his bedroom. Soon
after, his friend Parikshit Dar joined him to lead the technological
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Winds of Change
The first mega scale concert that was ticketed under the Book My Show
banner was the popular band - Scorpions. An event that turned out to
be a grand success.
Jai Ho
The A.R. Rahman concert goes house full. A 'Jai
Ho' extravaganza held at Kolkata and
Hyderabad that was a roaring success and
added another feather to our cap.
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Mobile Entertainment:
Book My Show's first tablet app - the
Windows 8 app was launched at a time when
the OS itself was in pre-beta phase
Big Ticket:
The highest revenue generated for a
movie is Ek Tha Tigert 144,419,372 (14
crores)
Money Matters:
Accel Partners invests USD 18 Million
Dollars i.e Rs. 100 crores in Book My Show
Stories continues………………………………
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Company profile
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Chapter 2
Literature review
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Book My Show – Fans don’t just “like” us, they LOVE us too!
It’s been less than four years since Book My Show came out in 2007
and it already boasts 40% CAGR in revenues and holds over 90%
market share in the online entertainment ticketing space. With a listing
of over 1000 screens across 87 cities around the country, we have
partnerships with all major Indian production houses as well as the
Indian counterparts of some which are based abroad. Our
partnerships also extend to cinema chains which include INOX, BIG
Cinemas, Cine MAX and Fun to name a few. 75% of all cinema tickets
sold online are via Book My Show with peak sales which have
touched the mark of over a million tickets. Book My Show has already
sold tickets for over 1500 plays online and we have exclusive tie-ups
with theatres viz.
Prithvi Theatre and the NCPA (Mumbai), Indian Habitat Centre (Delhi)
and Rangshankara (Bangalore). In addition to plays, we have also
been ticketing partners for concerts and sport events, too. Book My
Show was the official ticketing partner for Mumbai Indians, Kings XI
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Punjab, and Rajasthan Royals and was the official online ticketing
partner for Delhi Daredevils for the latest season of IPL in 2011. We
improved on the customer experience by providing an intuitive way to
book tickets online and allowed easier accessibility by tie-ups with
Café Coffee Day, Reliance Fresh and Reebok to allow sale of tickets
in their outlets. We were also the official ticketing agency for the
prestigious Yonex – Sunrise Badminton Asia Tournament, hosted in
the capital for the first time in April.
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Consumers
All our customers are internet savvy as our product itself is web-based.
Considering this, we found it imperative that the best way to get to our
customers would be by use of something that would be web-based. Our
earlier efforts to increase our customer base had primarily been
advertising campaigns during key events. We felt the need to give our
customers a better experience and solving their doubts, queries, and
grievances in a more effective manner. What we most required was a
platform which would allow all of this and also let us put our points
forward and allow us to reach more people. That was the research that
went behind tackling the problem at hand. Our main aim in creating Bob
was to make our Fan page friendly, informal & interactive for all our
fans. Gaining maximum visibility via consumer connect was the prime
idea. Instead of major spends on traditional advertising media (TV/ radio
etc.) we opted for a cost-effective way to create our brand image via
Bob and directly connect with our consumers.
We have kept our fans engaged via exclusive fresh first looks of
movies& movie content, exciting contests, quizzes, movie merchandise
freebies and tickets to be won. We started approaching &associating
with major production houses (Hollywood & Bollywood) for content,
merchandise and tickets (and later even FB Apps & cross promos for
publicizing their Fan Pages). It is a cost effective win-win for both where
our fans are happy and the films get great visibility and promotion. We
have done the same for events, plays, concerts & sporting events as
well.
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Reach
Book my show reach is across channels like Face book, Twitter,
YouTube, and Book my show Blog. But our major platform that is used
the best is Face book.
Face book Fan Page – The fan page is a more current informative
platform where our posts include latest movie trailers and event
updates, periodically spiced with quiz questions, movie merchandise,
premier and free screening of movies and celeb Meet & Greets.
Blog – The blog features the latest movie reviews from BMS reviewers
as well as renowned critic Rajeev Masand, a B-town Buzz section with
the latest pictures from the latest Bollywood events & parties, polls,
offers and discounts and miscellaneous articles about our activities, tie-
ups, products, etc.
Twitter – Entertaining while interacting is our aim here. We tweet music,
trivia, quizzes, polls and latest movie news. We are proud to have
recently added cricket to our agenda.
YouTube – This is where we upload our latest trailers & some exclusive
ones which are provided to us before any other media or channel.
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Chapter 3
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connected to some or the other networks and many out of them are
multiple networks profile. Wide the wider audience base on social
networking platforms can be use as effectively as mass promotion
platforms.
It is also one of the cost-effective ways of promotion of web business with
structured approach and dedicated participation.
BookMyShow initially kept itself to movie tickets but soon had its fingers
in various pies. Now, BookMyShow sells tickets for anything and
everything that has to do with entertainment—from movies, to events like
plays, fairs, sports, etc. You can also book tickets for monument
exhibitions and international events on the platform. The company has
also introduced tickets for activities happening in one's vicinity.
One can avail the services of BookMyShow through its website or through
the BookMyShow app. The app was first launched in 2012. It's available
for Windows, Android, iOS, and Blackberry.The company keeps updating
and upgrading the app from time to time. BookMyShow also launched a
Progressive Web App in 2017. The app allows users to check show
timings, book tickets, read reviews, watch trailers, and more.
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Limitations
Collection of data is always a tedious task. There were a number of
constraints and difficulties faced by me during the collection of data for
this project. They can be enlisted as follows:
• Most of the people were not ready to fill up the questionnaire due to
time constraints.
• The information obtained may be biased because of the tendency to
finish the questionnaire fast
• The geographic area covered was only Pune, the answers of this survey
cannot be considered for other cities as it may vary from city to city
• Due to less time my research was limited we only considered college
students rather than the population having impact of social media
marketing on their perception towards brands. One of the major
disadvantages of online booking systems is that, for all their positives,
they do come at a monetary cost – don’t believe the promises of free
online booking systems.
• Some charge you per transactions, whilst others charge a flat monthly
fee, so you’ll always know how much you’re paying. Custom made
online booking platforms will charge you a hefty lump sum up front, as
well as recurring costs for bug fixes and support.
• Ultimately, the benefits of an online booking system for your business
far outweigh the small monthly cost it would take to implement one, but
the notion of cost is something you’re going to have to come to terms
with.
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BookMyShow.
We did a major upgrade of our servers early this year and since then
have not faced any problems regarding managing the peak load. We
are also now working with certain cinemas to upgrade their internet
bandwidth as well as their server capacities. Since these are
infrastructure issues, they may not happen overnight, but they are in
progress.
As always, we would like to thank all our customers for trusting us and
continuing to visit us. Please keep your feedback coming.
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STP in marketing
The STP model helps marketers craft their messaging and develop and deliver tailored
and relevant messages that engage segmented, target audiences.This approach is
helpful in developing a digital strategy for content marketing. You can use STP to apply
marketing personas and archetypes that help develop relevant and targeted digital
communications.This is an audience and customer approach to marketing. The goal is to
deliver relevant messages to commercially attractive audience segments. STP focuses
on identifying the most valuable segments and then creating the right marketing mix and
product positioning strategy (think 4Ps) for those segments.
Segmentation
In marketing we want to identify potential customers and convince them to buy. We also
are interested in convincing past customers to be repeat customers.We do this by
providing products and services they need and want. It’s all about making the right people
aware of our value proposition.
Everyone is unique but we also tend to have interests in common with others. We want
to identify those commonalities in the most refined and granular ways possible. These
are called niches.We use segmentation to identify niches with specific needs and desires
that we can articulate clearly. In mature markets we use segmentation to find new
customers. Segmentation allows us to focus our messaging and deliver it more
effectively.
Marketing messages should be designed to address and inform each segment of the
benefits and features that are most relevant to that segment. This is a different approach
from mass marketing where one size fits all for all customer types. This approach is more
efficient and affective, as it delivers the right mix to the right group of people, rather than
a spray-and-pray shotgun approach.Markets can be sliced and diced based on any
variable, as long as it’s clearly definable and measurable. Here are some examples:
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Demographics
This is the most well known way of classifying people into groups. It can be done by:
geography, age, gender, income, education, ethnicity, marital status, profession or
occupation. Demographics explain ‘who’ your buyer is.
Psychographics
Psychographics delve into ‘why’ your customer makes a purchase. This is a way of
classifying behavior based on personality and emotional traits linked to purchasing
decisions. Psychographics include: attitudes, lifestyle, hobbies, personality and
leadership traits and attitudes toward risk.
Gather data to help form psychographic profiles for your typical customers through
interviews, surveys, questionnaires, customer data and feedback. This is the kind of
information that Facebook gathers based on “likes”.
You can purchase and access massive troves of data on the interests and attitudes of
potential customers from Internet, web and mobile sources. We will explore this more
when we discuss analytics tools and sources later in the book.
Lifestyle
Lifestyle refers to non-work time endeavors like hobbies, recreational activities,
entertainment, vacations, and other. Keywords and search terms used in such tools as
Google Adwords can help you locate and address potential customers by their lifestyle
interests and preferences. More on this later when we get into digital marketing.
An effective way to research these behavioral niches is Reddit, where like-minded people
create subReddits about a given interest or hobby. The information that gets shared can
be very valuable in understanding customer segments.
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Life Stages
People change and prefer different activities and have different interests based on their
age. A twenty something falls into different categories than a 60 year old. Life Stages is
the benchmarking of people’s lives at different chronological stages. Check out the book
“Passages” for a great primer on this approach.
Geography
This is where you locate people by country, region, area, zip codes, metropolitan or rural
location, climate or mountains etc.
Language
With translation tools freely available like Google and Bing we can think about targeting
language groups relatively easily.
Behavior
Behavioral economics studies the effects of psychological, cognitive, emotional, cultural
and social factors on the economic decisions of individuals. In segmenting it refers to how
a customer relates to the nature of the purchase, brand loyalty, usage level, benefits
sought, distribution channels used, and the reaction to marketing messages. Amazon has
mastered accumulating this data to create profiles of purchasers.
Usage level
Usage is an interesting variable. Many companies recognize that they have “power users”
that are responsible for an outsize portion of sales. Coca Cola for example has a club for
their power users because they estimate that 20 percent of their customers are
responsible for 80 percent of their sales. Identity and cultivate your power users.
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Targeting
The list below relates to various criteria for evaluating the potential commercial viability
of each segment.
Size
The market must be large enough to justify segmenting. Market potential size has
expanded as Long Tail markets have emerged. Long tail refers to markets that can be
reached via the Web where there is no concentration geographically but there is
enthusiastic interest diffused across the globe. Add up all those loners and they can
represent significant markets. The more idiosyncratic your offering the more you will be
marketing across geographic zones.
Difference
Segments need to be distinct and identifiable. Measurable differences must exist
between segments. Measuring tools and techniques have proliferated with digital
marketing. Google Analytics is a major tool.
Money
It has to be worth it economically. The anticipated incremental profits must exceed the
additional marketing costs. The cost of acquisition of a customer (CAC) must be less
than their lifetime value of purchases (LTV). CAC<LTV
Accessibility
The potential customers in each segment must have the ability to receive your
marketing messages and distribution networks must be able to reach them. Accessibility
has increased dramatically with the advent of web and mobile messaging, digital
downloads, SaaS models, and overnight shipping.Different segments respond to
different benefits so focus on communicating the different benefits.
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Positioning
Positioning maps the variables discussed in the Segmenting and Targeting steps and
defines the space where your offering resides relative to competitors in the view of your
customers.
· Functional
· Symbolic
· Experiential
Functional Positioning
Functional Positioning has to do with feature sets and user experience.
It is focused on the aspects of the value proposition that speak to meeting and fulfilling
customers’ needs and desires.
Symbolic Positioning
Luxury and prestige brands operate in this realm. These are the aspirational elements
of your offering; the characteristics of the brand that fulfill customers’ self-esteem.
Experiential positioning
Experiential positioning focuses on the elements of a brand that address emotional
connection with customers.
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SWOT Analysis
SWOT analysis (or SWOT matrix) is a strategic planning technique used to
help a person or organization identify strengths, weaknesses, opportunities, and
threats related to business competition or project planning.[1] It is intended to
specify the objectives of the business venture or project and identify the internal
and external factors that are favorable and unfavorable to achieving those
objectives. Users of a SWOT analysis often ask and answer questions to
generate meaningful information for each category to make the tool useful and
identify their competitive advantage. SWOT has been described as the tried-
and-true tool of strategic analysis,[2] but has also been criticized for its
limitations.
STRENGTH WEAKNESS
OPPORTUNITY THREAT
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Strengths
Strengths are internal, positive attributes of your company. These are things that are
within your control.
What assets do you have in your team, such as knowledge, education, network, skills,
and reputation?
What physical assets do you have, such as customers, equipment, technology, cash,
and patents?
Weaknesses
Weaknesses are negative factors that detract from your strengths. These are things
that you might need to improve on to be competitive.
Are there tangible assets that your company needs, such as money or equipment?
Opportunities
Opportunities are external factors in your business environment that are likely to
contribute to your success.
Is your market growing and are there trends that will encourage people to buy more of
what you are selling?
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Are there upcoming events that your company may be able to take advantage of to
grow the business?
Are there upcoming changes to regulations that might impact your company positively?
Threats
Threats are external factors that you have no control over. You may want to consider
putting in place contingency plans for dealing them if they occur.
Will suppliers always be able to supply the raw materials you need at the prices you
need?
Is consumer behavior changing in a way that could negatively impact your business?
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Services.
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Only 24 years old then, Hemrajani came back to India and quit his job
with J Walter Thompson, the advertising agency, to start his business.
"Much to my father's chagrin," he recalls.
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Chapter 4
Research methodology
Project design
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Sample design
Sample selection
Primary data
Secondary Data
Secondary data means data that are already available i.e., they refer
the data which have already been collected and analyzed by someone
else. Secondary data may either be published data or unpublished data
.usually published data are available in:-(a)various publication of
central, state and local government;(b)books, magazines and
newspapers; etc.. The sources of unpublished data are many; they may
be found in diaries, letters, unpublished biographic etc.
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Chapter 5
Sales
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Chart Title
60
50
40
30
20
10
0
Fig-2 bar chart showing the medium of knowing about book my show by
respondents
Interpretation
The survey reveals that the 95% of respondents who know about book
my show among which 10% of respondents said they know through
television ad, 45% respondents said they know through online and from
their friends/family/peer groups. Here the online and family/friends/peer
plays an important role for spreading a word of book my show.
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Interpretation
According to survey about the most common answer that we get are -
• online ticket booking
• It’s a online ticket booking n show timing app of movies
• Helpful in collecting information about latest movie and event shows.
• Updates daily and saves a lot of time and hassle in booking tickets.
• online movies, event booking site Ticket booking website for movies
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Option Numbe
r of
respon
dent
Yes 80
No 20
Sales
Fig-4 the doughnut showing BMS fan page of face book liked or not by
respondents
Interpretation
The survey reveals that about 80% of respondent liked the book my
show face book fan page whereas only 20% of respondents says no
they didn’t liked the book my show face book fan page. From this the
company should think of 20% respondents who didn’t liked the page.
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Option Numbe
r of
respon
dent
Yes 85
No 15
No. of respondemt
Interpretation
The survey reveals that about 85% of respondents found the message
provided by book my show is effective whereas only 15% of respondent
do not agree on this part. It interprets that most of the respondents are
happy and satisfy with the message given by book my show.
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6. Which component of the BMS social media did you like the most?
Option Number of
respondent
Quick 55
communication
customized solution 25
Through information 20
Remedies 0
Others specify… 0
Chart Title
60
50
40
30
20
10
0
Quick Customized through Remedies Others
Communication solutions information
Fig-6 bar graph showing which component of the BMS social media
liked by respondents
Interpretation
The survey reveals that about 55% of respondent says they like BMS
(book my show) social media because of their quick communication
regarding anything other 25% of respondents says they like BMS
because they provide customized solutions and 20% of respondent
says their adequate and accurate information provided by book my
show forced them to like the book my show social media.
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1 2 3 4 5 Weig
htetd
avera
ge
2 2 16 8 72
Chart Title
80
70
60
50
40
30
20
10
0
1 2 3 4 5
Fig-7 line graph showing the rating from least to most of BMS as a brand by respondents
Interpretation
The study reveals that about 72% of respondents rate the book my show brand as
the most preferable which shows the book my show within a very short span of time
made a strong brand in a market whereas about 16% of respondent says it is
satisfactory and only 2% of respondents says it is least preferable
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Chart Title
logo is inviting
capture attention
logo name healthy connotation
logo name gasa pisotive connotation
Attractive
0 10 20 30 40 50 60 70 80 90
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Interpretation
The survey reveals that about 64% of respondents believes that book my show (BMS)
logo and name is inviting and capture attention as its name justify it very well, 81% of
respondent believes logo name has a healthy connotation, 70% of respondents agree
that logo name has a positive connotation and about 82% of respondents are attracted
to book my show name
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9. According to you how is the idea of starting webinars or Live Chats with
celebrities for our movie-buffs.
Chart Title
6
0
Exiting Interesting Acceptable okay-okay Not working
Interpretation
The survey reveals that about 54% of respondents found the idea of starting
webinars or live chats with celebrities for movie-buffs is interesting such activity
involve in high customer engagement, about 35% of respondents found this
idea exciting whereas only 11 of respondents think it is acceptable. According
to survey its reveals that this activity may help book my show to build strong
relationship with its customer, high customer involvement on social media and
may help to build a strong brand
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Services 0 0 4 80 16
Updated information 0 0 4 66 30
Time consuming 0 0 4 28 68
Convenient 0 0 3 64 33
Easy to access 0 0 3 20 77
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Chart Title
Easy to access
Convenient
Time consuming
Updated information
Services
0 10 20 30 40 50 60 70 80 90
Strongly Agree Agree Neutral Disagree Strongly Disagree
Interpretation
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11. Which social media network is more frequent promoting the products and services?
Options Number of
responde
nt
Face book 85
Twitter 0
Google+ 10
LinkedIn 0
blog 5
Other 0
Chart Title
90
80
70
60
50
40
30
20
10
0
Facebook Twitter Google+ LinkedIn Blog Other
Fig-11 the bar chart showing which social networking is more frequent promoting the
product by respondents.
Interpretation
The survey reveals that 85% of respondents think face book is more frequent promoting
the brands/products which is maximum from other social networks, it’s obvious as 85%
of users using face book so it is right place to promote the product/brands/service to trap
a maximum audience. After face book 10% of respondent feels Google plus is more
frequent very few respondent with 5% are in favor of blog.
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Fig-11 the bar chart showing which social networking is more frequent promoting the
product by respondents.
Interpretation
The survey reveals that 85% of respondents think face book is more frequent
promoting the brands/products which is maximum from other social networks, it’s
obvious as 85% of users using face book so it is right place to promote the
product/brands/service to trap a maximum audience. After face book 10% of
respondent feels Google plus is more frequent very few respondent with 5% are in
favor of blog.
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12. Do you prefer other online ticketing portal for online booking rather than BOOK MY SHOW
Options Number of
respondent
Yes 5
No 95
Yes no
5%
95%
Fig- 12. doughnut showing respondents prefer other online ticketing portal for online
booking rather than book my show
Interpretation
The survey reveals that about 95% of respondent only prefer book my show for
online ticket booking which clearly shows that the level of brand loyalty is higher in
case of book my show rather than other online ticket portals. Book my show come
up with strong brand and standing strong in a market against its competitors
whereas only 5% of respondent says they book their tickets from the following sites
www.ticketnew.com,pune.burrp.com,or any local theater sites 13) Is BMS able to
solve your doubts, queries and grievances in a more effective manner through web-
based (face book fan page, BMS blog, twitter)
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Options Number
of
respond
ent
Always 24
often 63
Sometim 8
es
Seldom 0
Rarely 0
Never 5
Chart Title
70
60
50
40
30
20
10
0
Always Often Sometimes Seldom Rarely Never
Fig -13 bar graph showing is BMS able to solve your doubts, queries and grievances in a
more effective manner through web- based by respondents.
Interpretation
The survey reveals that about 63% of respondents feels that the book my show
often able to solve their doubts, queries and grievances in more effective manner
which is possible because of book my show social media activities. Through the
social networking sites like face book fan page of book my show and blog help to
solve the grievance more frequently and effectively as social media involve in two
way interaction and for building a strong brand it is very important to solve all the
problems of the customers properly and give them a first priority, whereas only 5%
of respondents says they will never able to solve the queries.
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Interpretation
After the survey done we come to know that very few respondents able
to recall the tagline of book my show which is “my show my time my
seat” which might risk the brand development as respondent are not
able to recall the tag line which interpret that book my show need to do
some extra efforts to create or build a image in their mind in order to
capture those customer also who are not preferring book my show.
Book my show is doing need to make people recognize their brand well.
Interpretation
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Chapter 6
Findings
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Conclusion
Social Media has created a powerful platform for consumer
engagement. This report tell us how much more power the consumers
have in influencing a brand/product perception. Businesses will need to
stay at the top to their game and improve the quality of product and
services or their consumers will fight back.
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Recommendation
The book my show can use these Ways to Build Trust in their Brand Using Social
Media- Attractive and colorful Design of your Website and Social Media Pages
should be given first priority in case of virtual world as the rule apply more you look
attracted more you will be able to attract the customers or retain them. The
monotony should not be there in design and style it should keep on changing time
to time which help to gain credibility with online visitors instantly.
Make it entertaining –keep sharing the experiences, stories, share knowledge to
make it entertaining the company have the ability to connect with thousands upon
thousands of people from every nationality and life experience.
Brand promise-always provides the best quality service to your customers for
keeping them satisfied which will create trust in your brand.
For brand recall and recognition the company needs to look after these things.
Great design
Memorable logos Recognizibility Current information:
Up-to-date appearance
This will help BMS to retain their customers and gain the new one’s?
For Building credibility and trust Delivering the goods efficiently, politely, and with
as little intrusion on the customer's life as possible will make your customers love
you, and they will tell their friends about how great you are. Failing to deliver can
destroy your online business faster than you can imagine.
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Bibliography
www.bookmyshow.com
http://www.dummies.com/how-to/content/developing-brandrecognition.html
http://www.exacttarget.com/blog/45-ways-to-build-trust-in-your-brandusing- social-
media/
www.youtube.com/user/BookMyShow
https://www.facebook.com/BookMyShowIN in.bookmyshow.com/entertainment/
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QUESTIONNAIRE.
Topic: -A STUDY OF BRAND DEVELOPMENT OF BOOK MY SHOW (BMS) THROUGH
SOCIAL MEDIA
Gender:-…………………………….
Occupation:-…………………………………………………………….
Email id:-
…………………………………………………………………………………………………………………..
a) Yes b) No
……………………………………………………………………………………………………………………….
c) Yes b) No
d) Yes b) no
6) Which component of the BMS social media did you like the most?
a) Quick communication b) customized solution c) through information
d) Remedies e) others specify…………………………….
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Services
Updated Information
Time Consuming
Convenient
Easy to excess
According to you how is the idea of starting webinars or Live Chats with celebrities for
our movie buffs.
9.In your opinion how is the BMS logo and name/branding image?
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11.Do you prefer other online ticketing portal rather than book my show
a) Yes b) no
If yes specify the name …………………………………..
……………………………………………………………………………………
13. Is BMS able to solve your doubts, queries and grievances in a more effective manner
through web-
based (face book fan page, BMS blog, twitter)
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