A Study On Customer Satisfaction - Shobha
A Study On Customer Satisfaction - Shobha
A Study On Customer Satisfaction - Shobha
A Project
Submitted in partial fulfillment of the requirements for
The award of the Degree of
DEPARTMENT OF MANAGEMENT
BIRLA INSTITUTE OF TECHNOLOGY
EXTENSION CENTRE, LALPUR
2013
DECLARATION CERTIFICATE
This is to certify that the work presented in the thesis entitled “A Study on
Customer Satisfaction with Reference to Big Bazaar” in partial
fulfillment of the requirement for the award of Degree of Master of
Business Administration of Birla Institute of Technology Mesra, Ranchi is
an authentic work carried out under my supervision and guidance.
To the best of my knowledge, the content of this project does not form
a basis for the award of any previous Degree to anyone else.
Department of Management
Birla Institute of Technology
Extension Centre, Lalpur
CERTIFICATE OF APPROVAL
At the onset I would like to express my deep sense of gratitude to each and
every person who helped and supported me during my project work
duration.
Chapter 1 INTRODUCTION
Chapter 7 RECOMMENDATIONS
7.1 SUGGESTIONS
Chapter 8CONCLUSION
BIBLIOGRAPHY
ANNEXURE: QUESTIONNAIRE
Chapter 1. INTRODUCTION
Most companies say that they believe in great customer service, but few
set up a system to ensure that they provide it. To deliver excellent
customer service takes both understanding what your customers want and
the way to see that they receive it.
There are several ways to gather input from customers. The simplest way
to find out how customers feel and what they want is to ask them. If you
have only 20 customers, you can talk to each one personally. The
advantage of this approach is that you'll get a personal "feel" for each
customer.
Customer surveys with standardized survey question insure that you will
collect the same information from everyone. Remember that few of your
customers will be interested in "filling out a questionnaire". It's work for
them without much reward. By launching a customer survey as an attempt
to find out "how we can serve you better" -- your customers will feel less
put upon.
Here are a few of the possible dimensions that one could measure:
Quality of product
Pricing
Offers and discounts
Staff’s behavior
Complaints or problems
Billing experience
Security’s behavior
Store’s ambience & cleanliness
Overall experience in store
Using satisfaction Surveys to achieve a Competitive advantage
Satisfied patients and customers tell 5 other people about their good
treatment
These facts underscore the need to satisfy your current customers so they
remain with your organization. Ensuring their satisfaction is vital to your
long-term business survival and profitability. The technology available to
both you and your competitors has made it easier to duplicate each
other’s products or services.
Apart from Pantaloon Retail, the group’s presence in the retail space is
complemented by group companies, Indus League Clothing, which owns
leading apparel brands like Indigo Nation, Scullers and Urban Yoga, and
Galaxy Entertainment Limited that operates Bolwing Co, Sports Bar and
Brew Bar and
The group’s joint venture partners include French retailer ETAM group,
US-based stationary products retailer, Staples and UK-based Lee Cooper.
Group Company, Planet Retail, owns and operates the franchisee of
international brands like Marks & Spencer, Next, Debenhams and Guess
in India.
The motto of Future Group, to not to wait for the Future to unfold itself but
create future scenarios in the consumer space and facilitate consumption
because consumption is development. Thereby, it will effect socio-
economic development for their customers, employees, shareholders,
associates and partners.
Their customers will not just get what they need, but also get them where,
how and when they need. They are not just posting satisfactory results,
they are writing success stories.
Future Retail
All the retail lines of business like food fashion and home will come under
this vertical.
Future Brand
Custodian of all the present and future brands that are either developed or
acquired by the group.
Future Space
Future Media
Future Logistic
GROUP VISION:
Future Group shall deliver Everything, Everywhere, Every time for Every
Indian Consumer in the most profitable manner.
GROUP MISSION:
Future Group shares the vision and belief that their customers and
stakeholders shall be served only by creating and executing future
scenarios in the consumption space leading to economic development.
They shall infuse Indian brands with confidence and renewed ambition.
They shall ensure that their positive attitude, sincerity, humility and united
determination shall be the driving force to make them successful.
MAJOR MILESTONES
1992 Initial public offer (IPO) was made in the month of May.
2001 Big Bazaar, ‘Is se sasta aur accha kahi nahin’ - India’s first
hypermarket chain launched.
Big Bazaar is a chain of hypermarkets in India, with more than 100 stores
in operation. It is a subsidiary of Future Group Venture Ltd's, and follows
the business model of United States-based Wal-Mart. Facilities offered
by Big Bazaar online shopping: Big Bazaar has an official website,
FutureBazaar.com, which is one of the most favorite sites among people
of India for online shopping. Future Bazaar is an online business venture
of Future Group, which sells an assortment of products such as fashion,
which includes merchandise for men and women, mobile accessories,
mobile handsets and electronics like home theatres, video cameras,
digital camera, LCD TVs, kitchen appliances and many more.
Discounts: “Hafte ka sabse sasta din was introduced by the Big Bazaar,
wherein extra and special discounts were offered on Wednesday every
week, to attract the potential buyers into their store.
2. Big Bazaar has released the doors for the fashion world, general
merchandise like sports goods, cutlery, crockery, utensils, and home
furnishings etc. at best economical prices.
3. Big Bazaar group offers more than 100 stores all over the country with
an amalgamation of Indian bazaars’ feel and touch with a convenience
and choice of the modern retail facilities
5. Big Bazaar has become a massive hit with lower middle-class and
middle class people as a major client base
6. Reflect the look and feel of Indian bazaars at their modern outlets.
CORE VALUES:
Be helpful.
Moving demo-trolley.
Point of purchase
Weakness
Failing revenue/sq.ft
Opportunities
Threats
Meaning
Area of study
Sources of Data
o Primary Source
o Secondary Source
RESEARCH DESIGN
RESEARCH SAMPLE
RESEARCH LIMITATIONS
The study is only for the big bazaar confined to a particular location and a
very small sample of respondents. Hence the findings cannot be treated as
representative of the entire retail industry.
Respondents may give biased answers for the required data. Some of the
respondents did not like to respond.
Demographic Details:
Ques :- Income
Below Rs.10000 2 4 4
Rs.10000 – 10 20 24
Rs.20000
Rs.20000 – 12 24 48
Rs.30000
TOTAL 50 100
MONTHLY INCOME
4
20
Below Rs.10000
52
Rs.10000 – Rs.20000
24 Rs.20000 – Rs.30000
Above Rs.30000
INTERPRETATION
From the table and graph above it can be seen that
o 4% respondent’s income are below 10000.
o 20% respondent’s income are between 10000 to 20000.
o 24% respondent’s age income are between 20000 to 30000.
o 52% respondent’s income are above 30000.
PERCENTAGE
UNDER
GRADUATE 12 24 24
GRADUATE 26 52 76
TOTAL 50 100
Educational qualifications
30
25
20
1
5
Educational
1 qualification
0 s
5
INTERPRETATION
o From the table and graph above it can
be seen that
o 12% respondents are Under graduate.
o 26% respondents are Graduate.
o 12% respondents are Post graduate.
SCALE FREQUENCY
Twice in a week 7
Once in a week 18
100%
90%
80%
70%
60% 7 18 15 10
50%
40% How frequently do you visit Big
30% Bazaar.
20%
10%
0%
Twice in a Once in a During Whenever
week week Special the need
offers arises
INTERPRETATION
This is aimed at understanding how frequently customer visit shops & buy
their product or avail their services. The highest responses have been
attributed to once a week shopping. Such customer can be presumed to
have high disposal income & may buy more daily & fashion products.
Whereas 15% of them visit during special offers, 18% when need arises,
7% twice in a month.
Ques. 2 Are you happy with the location of Big Bazaar.
Yes 33 66
No 17 34
TOTAL 50 100
34
Yes
66 No
INTERPRETATION
Big Bazaar physical facilities are visually appealing. From this statement
I found that 66% of people are happy with the location of big bazaar as
compare to other 34%. It means that big bazaar is available at most
preferred places.
Ques. 3 Staff was available in a timely manner.
FREQUENC PERCENTAG
SCALE Y E CUMULATIVE
PERCENTAGE
EXCELLENT 18 36 36
GOOD 24 48 84
AVERAGE 3 6 90
FAIR 5 10 100
TOTAL 50 100
10%
6% EXCELLENT
36%
GOOD
AVERAGE
FAIR
48%
INTERPRETATION
Total sample size was 50. Here analysis shows that among the total
respondents 48% people agreed with this statement. They think that Big
Bazaar staff was available in a timely manner
Ques. 4 Staff greeted you and offered to help you.
EXCELLENT 1 2 2
GOOD 10 20 22
AVERAGE 15 30 52
FAIR 18 36 88
POOR 6 12 100
TOTAL 50 100
Staff greeted you and offered to help you
20
18
16
14
12
10
Staff greeted
8 you and offered
6 to help you
4
2
0
EXCELLENT GOOD AVERAGE
FAIR POOR
INTERPRETATION
EXCELLENT 8 16 16
GOOD 21 42 58
AVERAGE 13 26 84
FAIR 5 10 94
POOR 3 6 100
TOTAL 50 100
INTERPRETATION
PERCENTAGE
EXCELLENT 11 22 22
GOOD 17 34 56
AVERAGE 12 24 80
FAIR 7 14 94
POOR 3 6 100
TOTAL 50 100
14 6 22 EXCELLENT
GOOD
24 AVERAGE
34 FAIR
POOR
INTERPRETATION
FREQUENC PERCENTAG
SCALE Y E CUMULATIVE
PERCENTAGE
EXCELLENT 3 6 6
GOOD 8 16 22
AVERAGE 20 40 62
FAIR 17 34 96
POOR 2 4 100
TOTAL 50 100
15
10
0
INTERPRETATION
PERCENTAGE
EXCELLENT 4 8 8
GOOD 14 28 36
AVERAGE 23 46 82
FAIR 9 18 100
TOTAL 50 100
25
20
15
10 8) Overall, how would you rate customer service of big
5 bazaar
0
INTERPRETATION
PERCENTAGE
STRONGLY DISAGREE 8 16 16
DISAGREE 16 32 48
DISAGREE
AGREE 10 20 90
TOTAL 50 100
Your complaints are constructively
handled
STRONGLY AGREE 5
AGREE 10
STRONGLY DISAGREE 8
0 5 10 15 20
INTERPRETATION
When you have a problem, big bazaar shows little interest in solving it.
After analyzing this statement I found that most of the respondents
agreed i.e. 32% respondents disagreed. Also I found that 22% were
neutral with this statement and 20% were committed with disagree. There
was 10 strongly disagreed. Hence Big Bazaar needs little improvement.
PERCENTAGE
DISAGREE 7 14 14
DISAGREE
AGREE 9 18 100
TOTAL 50 100
Staff delivers the appropriate
service as promised
18 14
DISAGREE
INTERPRETATION
Employees in the big bazaar tell you exactly when the services will be
performed. Majority of the respondents are neutral or uncertain with this
statement.18% respondents were agree. At the same time 14%
disagreed.
Ques.11 Staff communicate in a language that you
understand.
PERCENTAGE
STRONGLY DISAGREE 2 4 4
DISAGREE 2 4 8
AGREE 18 36 52
TOTAL 50 100
Staff communicate in a language
that you understand
25
24
20
18
15
10
2
5 2 4
0
STRONGLY
DISAGREE DISAGREE
NEITHER AGREE
NOR DISAGREE AGREE
STRONGLY
AGREE
INTERPRETATION
PERCENTAGE
STRONGLY DISAGREE 9 18 18
DISAGREE 16 32 50
DISAGREE
AGREE 4 8 100
TOTAL 50 100
8 18 STRONGLY DISAGREE
DISAGREE
42
32 NEITHER AGREE NOR
DISAGREE
AGREE
INTERPRETATION
PERCENTAGE
STRONGLY DISAGREE 3 6 6
DISAGREE 12 24 30
DISAGREE
AGREE 14 28 80
TOTAL 50 100
The store layout at this store makes it easy
for customers to find what they need.
S
T
R
O
N
G
L
Y
The store
A layout at this
G
R store makes it
E easy for
E customers to
find what they
need.
AGREE
NEITHER
AGREE NOR
DISAGREE
DISAGREE
STRONGLY DISAGREE
0 5 10 15
INTERPRETATION
PERCENTAGE
STRONGLY DISAGREE 15 30 30
DISAGREE 9 18 48
AGREE 6 12 84
TOTAL 50 100
The store layout at this store makes it easy for
customers to move around the store.
100%
90%
80%
70%
60%
50% 15 9 12 6 8
40%
30% The store layout at this store makes it easy for
20%
10% customers to move around the store.
0%
INTERPRETATION
According to research, it has been observed that store layout is not up to the
mark as desire by the customer. Because 30% are strongly disagree, 24%
are uncertain, 18% are disagree and 16% are strongly agree.
Ques. 15 Big bazaar provides plenty of convenient parking for
customers.
PERCENTAGE
STRONGLY DISAGREE 18 36 36
DISAGREE 15 30 66
DISAGREE
AGREE 5 10 96
TOTAL 50 100
DISAGREE
30 AGREE
STRONGLY AGREE
INTERPRETATION
From the above data I interpret that there are more number of four wheeler
coming to Big Bazaar than two wheeler. People prefer to visit big bazaar
with their families. And people are not satisfied with the parking facility. So
parking facility should be good to attract large number of customers.
PERCENTAGE
DISAGREE
AGREE 19 38 54
TOTAL 50 100
Big bazaar accepts most major credit cards.
23
25
19
20
15
Big bazaar accepts most major
8
10 credit cards.
0
NEITHER AGREE AGREE STRONGLY AGREE
NOR DISAGREE
INTERPRETATION
According to research it has been proved that Big Bazaar accept most
major credit cards. 46% of respondents strongly agree this statement,
whereas 38% agree and 16% are uncertain about this statement.
Ques. 17 What about the service could be improved?
PERCENTAGE
Service can be
faster/more 11 22 22
efficient .
Service could be 4 8 30
friendlier.
Staff should
communicate 7 14 44
better with customer.
Store needs to be
cleaner. 7 14 58
TOTAL 50 100
What about the service could be improved
INTERPRETATION
o They are also intending to build long term relationship with all its
stakeholders which is very essential for successful business
venture.
o Consumer choose malls to shop because they all want variety and
brands. According to customers it is economical as compared to
other places.
There should be a carpet on the floor of the gift section so that the
probability of breaking of fragile items may decrease.
As most of the retail industries did market research before entering into
market. Same thing was done by Big Bazaar. Location, market,
consumer perception analysis was done by big bazaar.
In one year, much more diversification was done in it. And to retain
customers they use many loyalty programs & IT techniques.
We can conclude that Big Bazaar has one of the major retail industry in
India.
Websites:
www.futurebytes.com
www.pantaloon.com
www.retailindia.com
www.google.com
Books:
Customers Name:
Age:
Below Rs.10000
Rs.10000 – Rs.20000
Rs.20000 – Rs.30000
Above Rs.30000
Educational Qualification:
Under graduate
Graduate
Post Graduate
Yes No
of big bazaar?
Strongly Disagree neither agree Agree Strongly
Disagree Nor disagree Agree
need.
14) The store layout at this store makes it easy for customers to move around
the store.