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7/31/2019 Brand Devlopmentstrategy
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ZEETA ELECTRICALS AND
ENGINEERING PVT.LTD
In partial Fulfillment of M.B.A. Programme of Gujarat Technological University,
Ahmedebad
Submitted By: Guided By:
Hitesh J. Thanki Mr. Shantanu sir
Enrollment No.:107110592039 (Faculty of JKPIM)Batch: 2010-2012
Submitted To:
DR. J.K.PATEL INSTITUTE OF BUSINESS MANAGEMENT
Affiliated To:
GUJARAT TECHNOLOGICAL UNIVERSITY, AHMEDABAD
JUNE-JULY 2011
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DECLARATION
I, the undersigned, Mr. HITESH J. THANKI, the Student of DR. J.K.PATEL INSTITUTE OF
BUSINESS MANAGEMENT here by declare that this summer internship project on “A MARKET
RESEARCH ON BRAND DEVELOPMENT STRATEGY” is the result of my own efforts and the same
has not been submit ted to any other organi zation for any purpos e.
Place: Ahmedabad
Date:
Hitesh j. thanki
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Dr. J. K. Patel Institute of Management
CERTIFICATE
This is to certify that Mr/Ms____________ & Mr/Ms____________, students of
Master of Business Administration (Batch 2010-2012) at Dr. J. K. Patel Institute of
Management, Vadodara have undertaken a Project Titled “_____________” in
partial fulfillment of 2 years full time MBA programme of Gujarat Technological
University, Ahmedabad. The Summer Internship Project has been undertaken
under the guidance of Prof.___________, faculty of Dr. J. K. Patel Institute of
Management.
This is also to ascertain that this project has been prepared only for the award of
Master of Business Administration degree and has not been submitted for any
other purpose.
Prof. Dr.Abhijeet Chatterjee
Faculty Guide Director
Date:
Place:
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CONTENTS
SR.NO PARTICULARS
PAGE NO.
1 Preface I
2 Acknowledgement II
3 Executive Summary III
4 Industry Overview 1
5 Human Resource Department 15
6 Finance Department 20
7 Production Department 24
8 Marketing Department 29
9 SWOT Analysis 35
10 Research Procedure 39
11 Data Analysis 44
12 Research Findings 55
13 Suggestions 58
14 Conclusion 60
15 Bibliographies 62
16 Annexure 64
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PREFACE
“The corporate world counts on zero sum game of bottom line”
Here, my sentences seems rude but it is a reality in today’s business world, though many
institution falls in opposite of this philosophy and may choose a most profitable to them as
well as to the society.
One of them is ZEETA ELECTRICALS PVT. LTD., busy in production of cables lugs,
electrical lugs, copper compression electrical lugs and soldering type tubular cable lugs, which
are having master quality. We can not image today the world without the those products. Now
a days the use of that increasing day by day.
I am one of the luckiest student of Gujarat Technological University because I got the
chance to work with this organization. This project was unique for me because as a trainee I got
so many opportunities to build relationships in corporate world and conquered with business
reality.
This project gave me practical exposure, personal observation of the business and
understanding the behavioral attitude of the people. At the same time, it had also given
learning about business tactics, liaison work and leadership in this industry.
This project focuses on ‘A MARKET RESEARCH ON BRAND DEVELOPMENT STRATEGY
FOR ZEETA ELE. AND ENGINEERING PVT LTD. And also focus on core functional areas like
Human Resource Department, Production Department, Finance Department and Marketing
Department.
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ACKNOWLEDGEMENT
A large number of individuals have contributed in undertaking this project. I am thankful
to all of them for their immense help in encouragement.
First of all I am thankful of my college Dr. J.K.Patel Institute Of Business Management .
I remain indebted to Mr. Abhijeet Chetarji (Director) and Mr.Shantanusir (Faculty), of Dr. J. K.
Patel Institute Of Business Management.
I also express my sincere gratitude towards Mr.Amit Bagthalia(ASM of the south
Gujarat), Mr.Prakash Dangar(PRM as well as communication officer) and Ms. Darshini
Ashra(HR Department).
I am thankful of also Gujarat Technological University and Zeeta ele.and engineering.
Which has given me such a grand opportunity.
Owing You
HITESH J. THANKI
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EXECUTIVE SUMMARY
Cables and lugs industry is one of the most dynamic industries in India. Before couple of years ago it was unorganized sector but with modern formats cable lugs and metal industry has
been steady especially after the liberalization of the Indian economy and the entry of new
players in the market.
The metal industry makes a useful contribution in growth of Indian G.D.P. In India we
have near to 25300 metal manufacturers are here. This industry is growing with 2.5% growth
rate. As per the report of all Metal Organization of the United Nations INDIA is producing 32%
of total production of world.
Indian cables consist in over 134 countries. In 2009-2010 total production of spices was
4.66 million tones. In 2009-2010 USA was our major consumer as it had imported spices from
India worth Rs. 867.17 crores.
Now a days business are demanding new things every day so the cable lugs industry also
does improvement day by day. There is reason behind growth of this industry and that is
division of innovations. Because of small business all are prefers to purchase cable lugs from
the outside India.
This report also indicated that how a new company can develop the brand and from this
research I have find out that to develop the brand there is also need of good brand
ambassador. I have also found that to develop the brand company should focus on retail stores
because Gujarat is not as forward as some other states are forward. And I also found to develop
the brand company should give schemes in monetary terms to the retailers.
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OVERVIEW
Incorporated as ZEETA ELECTRICAL ENGINEERING PVT. LTD. the company has grown
from a one-man show into a corporation that today does business around the world and
employs approximately 5s00 people. ZEETA is the manufacturer thoroughly addressing your
major concerns: quality, price, availability, ease of doing business, and depth of line. ZEETA
plant is located at Ahmedabad which is one of the leading industrialized cities of India.
ZEETA is a strong domestic and international player in Cable Lugs, Connectors and Butt
Splices which are available in a variety of sizes and shapes. Our products are easy to install in
application. Our strength lies in our most extensive Moulding Technique which we develop at
our production facility . We use quality raw materials and advance technology in our
production. Our experienced engineering professionals and management work force are thekey to our ZEETA Team. We follow international standard quality control norms to ensure high
performance production. Any specialized application products are also manufactured by ZEETA
upon receipt of drawing or sample. The company makes and markets its products through
integrated distribution management. The products are marketed through various distributors,
retailers and also through industrial channel; hence ensuring easy availability at standardized
prices.
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ZEETA offers many fine products to customers searching for quality and technical
superiority. We manufacture high precession Cable Terminals, ,Copper Cable Lugs - Single Hole,
Copper Compression Cable Lugs Heavy Duty, Soldering Type Tubular Cable Lugs, Soldering
Type Copper Tubular Lugs Heavy Duty, Soldering Types Copper Tubular Sockets, Compression
Type Copper Tubular Cable Lugs Long Barrel Medium Duty, Crimping Type Tinned Copper LugsInspection/Without Inspection Hole, Copper Compression Cable Lugs - Two hole, Two Hole
Copper Cable Terminal Ends With Extended Palm, Copper Compression Type Four Hole Tubular
Terminal, Four Hole Compression Cable Terminal Ends, Tinned Copper Transformers Cable
Lugs, Tinned Type Tubular Compression Cable Lugs , Heavy Duty Cable Lugs for XLPS
Cables , Marine Grade Battery Cable Lugs , Copper Cable Lugs - Bell Mouthed , Cable lugs -
Narrow Palm , Cable Lugs - N-Series , Cable Lugs - Sealed Palm , Cable Lugs - Standard
Barrel , Cable Lugs - Din 46235 , Crimping Type Copper In Line Connectors , Tinned Type Copper
In Line Connectors , Tubular Type Copper In Line Connectors ( Insulated) , Copper End Sealing
Ferrules , Copper Insulated Ferrules , Twin Cord End Terminal Insulated Ferrules , Crimping
Type Aluminium Lugs , Crimping Type Aluminium Tubular Terminal Ends Long Barrel , Ring Type
Open Close Terminal Ends , Aluminium Crimping In Line Connectors , Ring Type Tinned Copper
Cable Terminal Ends, Insulated Ring Type Terminal Ends
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HISTORY OF CABLE LUGS AND CONNECTORS IN INDIA
Bimetallic, Copper, Cable, Lugs, Electrical, Terminals,Manufacturer - Mars Intl.
Manufacturer of electrical, bimetallic, copper, aluminium, cable, lugs, terminals,
electrical copper cable lugs, bimetallic copper aluminium cable lugs, bimetallic cable lugs,
splices, sockets, connectors from india.
Electrical, bimetallic, copper, aluminium, cable, lugs, terminals, links, splices, sockets,
connectors, manufacturer, mumbai, india, electrical copper cable lugs, bimetallic copper
aluminium cable lugs, electrical cable lugs, cable lugs, electrical cable terminals, cable terminals,
bimetallic copper cable lugs, bimetallic copper cable, cable links, cable splices, sockets, cable
sockets, bimetallic cable lugs, bimetallic cable connectors, exporter, mars, international
Founded in 1965, we are one of the leading manufacturer in the country to establish
manufacturing facilities for terminal ends. These facilities have since been expanded
considerably to meet the needs of a very wide cross-section of electrical and electronic
industries in India and abroad. the activities of the group are coordinated by a team of
professionals and forward looking technical personnel well aware of the stringent technical
standards.
Their world is electrical terminal ends or LUGS in coppper and aluminium
As pioneer manufacturer of this material in India we stand behind a majority of Indian
producers and exporters who have been successfully exporting for the last many years.
Heretofore unseen, we are now making our pronounced appearance on the export front.
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MAJOR PLAYERS OF CABLE LUGS AND CONNECTORS TRANSMISSION
ERGOM:
Ergom was established in 1989. The company offers more than 18 000 products -
everything needed for the right installation and operation of wires and cables. The company
has more than 180 employees. Tha company’s capital about 8 mln USD
KLAUKE TEXTRON PVT.LTD
Klauke Textron pvt.ltd established in 1990. It is offers more than 1600 products
Across the business sector of cable lugs and copper terminals. The company has more than
230 employees. The company’s capital about 6 mln USD.
CHETNA ENGINEERING COMPANY needs no introduction in India & Abroad.
Their products have mass base in India and other countries particularly UAE, South Africa,
Kenya, Singapore, Malaysia.
A Small Scale Industry, established in 1988, presently has a very strong
manufacturing base with latest atomic, semi-atomic machinery and equipment with a
capacity to manufacture 25 to 30 tons of Copper, Brass & Aluminum products per month.
The company has a very strong, efficient and effective quality management
system as per ISO 9001-2000 standards. Nevertheless, we have D&B Certification too.
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ABOUT TEEM ZEETA
They are continued to be guide, as it has been since its beginning, by the core
values exhibited by the founder: seamlessness, quality, commitment and innovation. Team
Zeeta is a team of highly skilled manpower each having a very strong focus on the values and
vision of the company, hence providing higher productivity for better results. This is just the
beginning of the force that will grow in leaps and bounds.
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ABOUT THE COMPANY
NAME OF THE UNIT: Zeeta electricals and engineering pvt.ltd
ADDRESS : B/H New j.k. motor weigh bridge,
Near Sarvottam Hotel,
Sarkhej-bavla road,
Moraiya,
Ahmedabad – 382210
(Gujarat) India
PHON :+91-2717-251795
MOBILE : +91- 81281 26007
FAX : +91 – 2717 – 251794
AREA OCCUPIED : 15000 sq feet
TYPE OF OWNERSHIP : Private limited
TOTAL NO. OF EMPLOYEES : 500
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BRAND OF ZEETA ELECTRICALS AND ENGINEERING PVT.LTD
Zolex a Flagship Company (Zeeta ele. And Engi. Pvt.ltd) bring the latest
technology to manufacture cable lugs products which are highly demanded.
Company’s primary objective is to induce a revolution in the cable industry through
the medium of adequate technology, skill and new product development to introduce the concept
of innovations. The Zolex product promoter has the vast experience, insight and wisdom, gained
from procurement, logistic, finance and metal market.
Company practice total quality control approach that seeks to improve quality and
performance, and thus exceed customer expectations, by amalgamating all quality-related
functions and processes throughout the organization; takes a holistic approach to managing
quality design and development, quality control and maintenance, quality improvement, and
quality assurance, at all levels and involving all employees.
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Company has institutionalized a precise, disciplined, fact-based way to deliver more money to
the bottom line through process improvement and process design projects—selected by the
top leadership and led by high potentials trained manpower.Company’s competitive
intelligence lies in their procurement system. Company procures right raw material from its
native place at right time with right quality to make a unique product. Having Research and
Development cell equipped with international equipments and instruments to develop and
deliver new product and process to serve the product for healthier business relations to their
Customers and stake holders.
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VISION
ZEETA ELECTRICAL ENGINEERING PVT.LTD. will capitalize on its technological
infrastructure and achieve profitable growth as the premier global marketer of Cable Terminals,
Cable Lugs, Connecters, and Butt Splices. We are committed to continuous improvement
through the Quality Process, assuring consistent conformance to customer’s expectations
MISSION
ZEETA ELECTRICAL ENGINEERING PVT.LTD. is dedicated to providing products and
services that meet the specification of our customers while maintaining exceptional quality. Our
objective is to provide customer satisfaction through timely delivery of our products with ‘Zero
Defects’ , ‘Zero Accidents’ , ‘Zero Loss-Making’,’ Zero Failure’ , ’ Zero Breakdown’ and with
‘Zero Broken Promise’
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FUTURE PLANS
Incorporated as ZEETA ELECTRICAL ENGINEERING PVT. LTD. the company has
grown from a one-man show into a corporation that today does business around the world and
employs approximately 500 people. ZEETA is the manufacturer thoroughly addressing your
major concerns: quality, price, availability, ease of doing business, and depth of line. ZEETA
plant is located at Ahmedabad which is one of the leading industrialized cities of India.
To expand the market.
To increase the export market share.
Set up plants state wise.
To increase category in Cable lugs division
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ZEETA ELECTRICALS AND ENGINEERING PVT. LTD. WORKS UNDER 4
FUNCTIONAL AREAS WHICH ARE AS FOLLOWS.
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INTRODUCTION OF HUMAN RESOURCE MANAGEMENT
In all business concealing there is one common element that is resource work force of
an organization. It is said that people are single most important asset of an organization. So we
can say that human resource department plays an important role. A human resource manager
must have all the qualities of a leader in order to manage the human resource in the best
possible way.
I believe that human resource of an organization is the bonanza for them as it can lead
an organization towards the huge catleap. The reason behind these resource being so very
important is that human beings are social animals and they would not work without a familiar
environment.
MANPOWER PLANNING
The word itself indicates that what it is. Manpower planning means to planning that
how many persons are required in the organization. Manpower is basically concern with to get
proper human force for the organization.
When the organization does the manpower planning means they have see that how
many employees are needed for each department. With the help of proper manpower planning
the organization can decrease the labor cost and the organization get proper person for the
proper job.
Zeeta electricals and engineering Pvt. Ltd. Follows the same strategy. First of all they
Anticipating manpower needs then after Planning job requirements and job descriptions then
Analyzing skills to determine the nature of manpower needed and at last Selecting the
adequate source of recruitment.
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INTERVIEW
Interview is very important tool for the selection of employees. By this way organization
can know the nature, hobbies, strengths and weaknesses of all the employees so by that way
they can get more better employees. In the interview the interviewer can share their
knowledge. Interview is not just an interview but by that way the organization can know the
confidence, behavior of the person.
Zeeta electrical and engineering Pvt. Ltd. conducts the interview in their best manner
and selects the candidate. First of all interview is taken by HR Department and then after
candidate is sended to related department, if needed. So by this way they select best
candidates.
RECRUITMENT
The task of recruiting new staff is an important but time-consuming process, so
companies often prefer to hire a specialist agency to source suitable candidates. In a nutshell,
the objective of a recruitment consultant is to build relationships with clients, source job
vacancies, and find appropriate candidates for each role.
Zeeta electrical and engineering Pvt. Ltd. follows the given ways.
(1) News paper advertisement
(2) References
(3) Consultant and Agencies
(4) Job portals like Times Jobs, Monster.Com.
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SELECTION PROCEDURE
Selection procedure is picking individuals with requisite qualification and competence
to fill the job in the organization. There are many purpose of selection like select the suitable
candidate, determine applicants capabilities, place right candidate at right job, to save the cost,
etc. Zeeta electricals and engineering Pvt. Ltd. follows the given procedure and selects the best
employees.
Selection procedure:
(1) Screening of applicants
(2) Selection test
(3) Interviews
(4) Reference and background verification
(5) Medical examination
(6) Hiring decision
(7) Placements
TRAINING AND DEVELOP0MENT
In the salad days the concept of training has not more spreaded over. Right now it has
become mammoth part of human resource management. Once the applicant is selected, the
organization has to give the training to them and it is the main duty of organization, so the
employees must be provided training to give understanding about his/her work in the
organization.
Zeeta electricals and engineering Pvt. Ltd. has adopted the concept of ON THE JOB
TRAINING as it is the new emerging organization. They are giving training to the employees by
their heads and also arrange the seminars for the employees. For the training of ISO 22000,
they will send one person from HR Department.
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WAGES & SALARIES
Wages and salaries are most important areas of human resources manager. Every
human resources manager is entrusted with the responsibility of establishment and equitable
wage and salary structure on one hand and maintaining an equitable labor cost structure on the
other hand.
Zeeta lectricals and engineering Pvt. Ltd. pays salaries to their all workers as per the
government rules and regulations. Workers are getting the salaries as per the government rules
and regulations. They deposits the salaries of their employees in the bank account of all. All the
employees have given bank account in Bank Of Baroda.
OTHER BENEFITS
Zeeta electricals and engineering Pvt. Ltd. gives many types benefits to their employees
which are as follows.
(1) MEDICAL FACILITY:-
Medical Facilities are provided by the organization to their employees. Company has tied up
with one doctor so all the employees are getting treatment from there.
(2) UNIFORM FACILITY
Company gives one pair of uniform per year to all the employees.
(3) RESIDENCE FACILITY
Zeeta has given residence facility to their worker who are coming from out of state
(5) LUNCH FACILITY
They are also providing lunch facility.
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CLASSIFICATION OF ASSETS
ASSETS;-
Fixed Assets;-
Land-
Machinery-
Vehicles-
Furniture-
Shade and Building-
Current Assets;-
Stock-
Cash and Bank-
In case of Zeeta electrical and engineering Pvt. Ltd. they have accounts in following banks.
BANK OF INDIA
BANK OF BARODA.
AXIS BANK
STATE BANK OF INDIA
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QUALITY CONTROL SYSTEM
Quality is the tool which leads an organization towards success. . Quality control refers
to the systematic control of those variables encountered in the manufacture process which
affect the excellence of the finished product. The main characteristics that determine the
quality of an article may include element such as, design, size, material, chemical, composition,
mechanical function, etc.
If we take a glance in Zeeta electrical and engineering Pvt. Ltd. they do the quality
control in following ways.
Incoming inspection.
Material out going inspection.
In process inspection.
Pre dispatch inspection.
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INTRODUCTION OF MARKETING DEPARTMENT
Marketing Management is a business discipline which is focused on the practical
application of marketing techniques and the management of a firm's marketing resources and
activities. Rapidly emerging forces of globalization have compelled firms to market beyond the
borders of their home country making International marketing highly significant and an integral
part of a firm's marketing strategy. Marketing managers are often responsible for influencing
the level, timing, and composition of customer demand accepted definition of the term. In part,
this is because the role of a marketing manager can vary significantly based on a business' size,
corporate culture, and industry context.
Marketing deals with customers. Marketing is managing profitable customer
relationships. The twofold goal of marketing is to attract new customers by promising
superior value and to keep and growing current customers by delivering satisfaction.
Sound marketing is critical to the success of every organization. Large profit based firms
like Procter & Gamble, Toyota, Wal-Mart, IBM and Marriot use marketing. But so do
non-profit based organizations such as colleges, hospitals, museums and even churches many
people think of marketing only as selling and advertising. But today, marketing must not be
understood in the old sense of making a sale, that is “Telling and Selling”
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DISTRIBUTION CHANNEL
Zeeta electrical pvt. ltd.
Distributors
dealer
Customer
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MARKETING DEPARTMENT HIERACHY CHART OF ZEETA
General Mgr
(EXPORT) –
CORPORATE
OFFICE – AHD
Vice-President (MARKETING)
CORPORATE OFF ICE – AHMEDABADGeneral Mgr
(Brand / Promotion / Media)
CORPORATE – AHMEDABAD
General Manager (MARKETING) CORPORATE
OFFICE - AHMEDABAD
INDIA - WESTERN
ZONE
STATE HEAD H.Q.
– STATE
INDIA - II
NORTH ZONE
STATE HEAD H. Q -
STATE
INDIA - III
EASTERN ZONE
STATE HEAD
H.Q. - STATE
INDIA – IV SOUTHZONE
STATE HEAD
H.Q - STATE
INDIA -
WESTERN ZONE
H.Q – STATE
ASM
INDIA - II
NORTH ZONE
H.Q. – STATE ASM
INDIA - III
EASTERN ZONE
H.Q. – STATE ASM
INDIA – IV SOUTHZONE
H.Q. STATE ASM
DIRECTOR MARKETING (CORPORATE OFFICE –
AHMEDABAD)
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LAUCHING OF AMERICAN WIRE GUAGE
COPPER CABLE LUGS BCL WITH INSPECTION WINDOW
Electrical Connectors >> Copper Lugs
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ADVERTISEMENT
Advertising is one of the most important things present in our society today, like an old
slogan puts ‘Advertising, your right to choose’.
Advertising helps to keep the consumers informed about whatever new products or
services are available in the market at their disposal. It helps to spread awareness about
products or services that are of some use to consumer and potential buyers.
The main aim of advertising, many believe is to sell. These are the kind of people who
vehemently oppose anything that make advertising seem unethical. Advertising on the whole
helps business as well as the economy to prosper and makes the consumer aware of the
various choices that are available to him.
Zeeta electrical and engineering Pvt. Ltd. Is in emerging stage, so they have not any
specific tool for advertisement. And that is why they have given me a market research on brand
development. Although they have nice website.
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DEVELOPMENT OF BRAND
WHAT IS BRAND?
A brand is the identity of a specific product, service, or business. A brand can take many
forms, including a name, sign, symbol, color combination or slogan. The word brand began
simply as a way to tell one person's cattle from another by means of a hot iron stamp. A legally
protected brand name is called a trademark. The word brand has continued to evolve to
encompass identity - it affects the personality of a product, company or service. A brand is an
identity which makes your product different from the other products. Brand is an identity by
which the product of one company differs from the products of other company. Brands are
often expressed in the form of logos , graphic representations of the brand. If we take a glance
towards Vitagreen Products Pvt. Ltd. They have developed brand under the name of 77 Green.
IMPORTANCE OF BRAND
Branding is a very powerful component in business. The brand must have a logo to make
branding easier and more possible. The consumers decide if they will buy a product or use a
service based on how they view the brand. The brand itself tells us or let us imagine how good
or bad the product is even if we never tasted it before! All that brand promotion and
advertising really do tell us how great a brand can be (like Nike). Once a customer likes your
brand he/she will definitely come back for repeated services or products. The qualities of the
product or services are ensured through the customers minds from the brand image.
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Brand is not only convenient for businesses for repeated customer purchase but also
easier for customers to filter out the countless generic items. Brand gives consumers the reason
to buy it and wastes less time for consumer to choose.
There are ways to improve a brand from advertising such as viral campaign (more
trustworthy), online ads, print ads and commercials. Another way is to improve your product or
services that will reinforce the brand. This is a good way to promote your brand by always being
in the cutting edge or “customer’s first image”.
The qualities of your products and services will reinforce the brand. Advertise as much
as possible to spread that message and make it into a cult brand. Branding doesn’t only benefit
the business but you as well (yes I mean it). The brand you choose reflects who you are and
expresses yourself on what you like to do and be able to join the community of like minded
people. Branding is a win: win situation for both the businesses and the loyal customers.
As per the market research I find that ERGOM CABLES use television
advertisement for the development of brand. CHETNA ENGINEERING PVT.LTD
gives Schemes to the dealers. While KLAUKE TEXTRON CO. gives buy ten get one
schemes to end users.
WHY ZEETA ELECTRICAL AND ENGINEERING PVT. LTD. WANTS TO
DEVELOP THE BRAND UNDER THE NAME OF ZOLEX?
As the Zeeta electrical and engineering Pvt. Ltd. is the emerging company and their
vision is to make it as the generic brand. And in this industry write now there is too much
competition so development of brand is necessary. The want that their brand name will create
an identity like the Colgate has created, like Reebok has created. They wants make their image
totally different from any other cable lugs company.
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STRENGTHS:-
Zeeta electrical and engineering Pvt. Ltd. has launched the products with new
dimensions which are highly attractive and affordable in global business.
Zeeta electrical and engineering Pvt. Ltd. is one of the Flagship company of zeeta Group.
As the organization is new, they were eager to learn the market so zeal became the
main strength.
They have many qualified persons in the organization in marketing as well as other in
other department also.
Always try to focus on dealer’s feedback.
Experts team of manufacturing.
Vice president of the company has experience of 20 years so it is the strength of the
company.
Company’s vision is to make zolex as generic brand.
zolex has huge product line and doing business across the world.
WEAKNESSES:-.
As the brand is new, it is hard to change the mindsets of people.
OPPORTUNITIES:-
Way of life of people is moving towards the innovational products so it will be the main
opportunity.
Unorganized electrical sector is shifting towards the organized elecrical sector.
Expected consumer shifted in processed cable lugs by 2012 is 23 million and it is
surveyed by government.
Small number of giant competitors.
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There is an opportunity to enter in global market for Zolex on the base of goodwill of
zeeta Group.
THREATS:-
Rivalry from tough competitor.
Many times dealers switches over towards the new products.
Dumping policy of local players.
Duplication of brand by competitors.
Technology changes rapidly.
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OBJECTIVES
1) To understand that which media company should use to attract the more dealers.
2) To understand that where should company has focused so the demand will go high.
3) One of my objectives is to understand that for which benefit dealers are attracting to
buy the product.
4) My one of object was also that to understand that for which benefit dealers attracts
more to sell the products.
5) And my last objective is that as per the experience of dealer which is best tool for
development of brand.
6) One of my objective behind study is to know that from which tool dealers are attracting
more and from which tool end users attracting more.
RATIONAL OF STUDY
My rational was to get maximum practical exposure and also to see that how a new
brand can get placement in the heart and minds of dealers. I want to know the mindsets of
dealers that what actually they are expecting from company so the company can easily develop
the brand. I have chosen this topic as the company is at initial level and can get best way for
brand development. I want to get the information that which type of expectations people
wants from the new brand.
IMPORTANCE OF STUDY
The organization can use data as secondary source. Company can know that where they
have tried to place their product so they can get maximum benefit. I can get practical exposure
and understand that which media is better for the organization so they can develop the brand
in proper way and get maximum placement. One importance of study is that which medium is
more important for the advertisement so they can easily develop the band.
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One importance of study is that where company should place the product are tried a lot
for the development of their brand. One importance is that company can know that out of
price, quality and schemes which affects the most to consumers for the placement of brand.
One importance behind the study is that brand ambassador, logo or jingle, which affects the
most for the development of the brand in this competitive era.
One the importance is that from which dealers are more attracts to buy the new brand
out of free goods schemes and monitory benefits. One importance of mine as well of company
behind study the study is that dealers are attracting from the high profit margin or not.
One of the importance of the company is that how can we ask the questions to the
dealers and collect the data from them. One importance for the study is that to know in future
they have to give me a work regarding research or not?
One the importance is that free sampling plays an important role for the development
of brand or not? And my as well as company’s last importance behind this study is that out of
S.R’s working, p.o.p. material and continuous schemes, which affects the more so the product
can get placement in the shops of the dealers.
SCOPE OF STUDY
The study was carried out by me in the Saurashtra region with total 100 samples out of
which 100 samples of dealers. The study has carried out using the close ended questions. Total
days were 14 for the study. Sample of dealers were from A class category, B class category and
from C class category.
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My object behind this research was to know that how Zeeta ele. And engineering pvt.ltd
can develop their brand as it is the emerging organization so for that I have asked 5 questions to
100 end users and 4 questions to 100 dealers.
QUESTIONS FOR DEALERS
Ques: 1 WHICH MEDIUM INFLUENCES YOU THE MOST IN MAKING A CHOICE
REGARDING BUYING A NEW PRODUCT?
Particular %
NEWS PAPER 20 %
TELEVISION 51 %
HOARDING 15 %
RADIO 9 %
EVENTS 3 %
EXHIBITION 2 %
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INTERPRETATATION:- From the above research I came to know that 51% people are attracts
from television advertisement while 20% attracts from newspaper advertisement. Whereas
hoardings has priority by 15%, radio has got priority by 9%, events has got priority by 3% and
exhibition has got priority by only 2% people.
Ques: 2
WHICH SOURCE YOU PREFERED MORE TO BUY NEW PRODUCT OF CABLE LUGS?
0%10%20%30%40%50%60%
P e r c e n t a g e
Medium
A choice of medium regarding buying a new
product
%
Particular %
FROM DEALER
NETWORK
30 %
FROM ONLINE SEARCH
ENGINE
55 %
FROM TRADE FAIR 15 %
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INTERPRETATATION:- Above question indicates that 33% people likes to buy new products
from Dealer network, 55% likes to buy from online search and 15% preferred trade fairs. I have
asked this question to end users as I want to know that from where people likes to purchase
most.
Que 3: What kind of business you are into?
Electrical dealership 70%
Direct user 30%
0%
10%
20%
30%
40%
50%
60%
FROM DEALER
NETWORK
FROM ONLINE
SEARCH ENGINE
FROM TRADE FAIR
P e r c e n t a g e
Source
Source selection for buying product
%
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INTERPRETATATION:- Above question indicates that 30% peoples are from direct user and
70% people are from electrical dealership.
QUE 4: WHAT IS A SIZE OF YOUR BUSINESS? (T.O/MONTH)
0 TO 5 LAKHS 10%
5 TO 10 LAKHS 20%
10 TO 15 LAKHS 60%
ABOVE 15 LAKHS 10%
0%
20%
40%
60%
80%
Electrical
dealership
Direct user
P e r c e n t a g e
Business type
Kind of business you are into
Series1
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INTERPRETATATION:- Above Graph indicates that 10% dealers has monthly turnover upto
5 lakhs and 20% dealers has 5 to 10 lakhs and 60% dealers has 10 to 15 lakhs and 10% dealers
Has monthly turnover above the 15%. They are those dealers by whom the questioner was
made.
QUE 5: WHICH CURRENT BRAND DO YOU PREFER THE MOST?
Zolex 25%
Hex 20%3D 30%
Ascon 25%
0%
10%
20%
30%
40%
50%
60%
70%
0 TO 5
LAKHS
5 TO
10 LAKHS
10 TO
15 LAKHS
ABOVE
15 LAKHS
P e r c e n t a g e
Size
Size of the business
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INTERPRETATATION:- Above graph indicates that 25% dealers prefer Zolex brand. 20% people
Prefer Hex, 30% prefer 3D brand and 25% dealers prefer Ascon brand.
QUE 6: WHAT IS A MAIN THING DO YOU SEE BEFORE BUYING A PRODUCT?
Quality 20%
Pricing 68%Product availability 02%
Requirement 10%
0%
5%
10%
15%
20%25%
30%
Zolex Hex 3D Ascon
P e r c e n t a g e
Current brand
Preference of Current brand
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INTERPRETATATION:- Above graph indicates that 20% dealers see the quality before buying
A product, 68% see pricing, 2% see the availability of product and 10% see the product
requirement.
QUE 7: HOW DO YOU LIKE THE DELIVERY TIME PROVIDED BY ZEETA?
VERY GOOD 10%
GOOD 20%
MODERATE 60%
POOR 10%
0%
10%
20%
30%
40%
50%
60%
70%
Quality Pricing Product
availability
Requirement
P e r c e n t a g e
Characteristics
Things prfered to see while buying product
Series1
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INTERPRETATATION:- Above graph indicates that 10% dealers says the delivery time provided
By Zeeta is very good, 20% says good, 60% says it is moderate and 10% says it is poor.
QUE 8: HOW DO YOU LIKE THE PRODUCT PORTFOLIO OF ZOLEX?
VERY GOOD 05%
GOOD 70%
MODERATE 20%POOR 05%
0%
20%
40%
60%
80%
VERY GOOD GOOD MODERATE POOR
P e r c e n t a g e
Catogary
View of customer regarding delivery time
provided by Company
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0%
10%
20%
30%40%
50%
60%
70%
80%
VERY GOOD GOOD MODERATE POOR
P e r c e n
t a g e
Category
View regarding Product portfolio
Series1
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INTERPRETATATION:- Above graph indicates that 5% dealers says very good to the product
Portfolio of Zeeta, 70% says good, 20% says it is moderate and 5% says it is poor.
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RESEARCH FINDINGS
From the above research I find that how the company can develop the brand. In
research my first question was which medium influences to Dealers the most in making a choice
regarding buying a new product so I find that television advertisement attracts more to end
users most to purchase the new product as it has got preference by 51% people. And news
paper advertisement has got preference by 20% preference so I think it is also a good way for
the advertisement. I find that Radio and Hoardings also affects but not as much as the
Television advertisement affects to the minds of people. And events and exhibitions attracts to
less people so find that to develop the brand company should do maximum expense on
television advertisement and news paper advertisement and less expenses on the events and
exhibitions.
I find another thing that most of people prefers online search to buy the new products
which is 55% in my research. Only 30% people attracts from the dealer network and only 15%
attracts from the trade fairs so I find that even in this modern era for develop the brand
company should try to focus more on the online trade compare to the trade fair and direct
dealer network.
I find one thing that in electrical sector 3D has highest popularity which is 30% while
Ascon has got popularity by 25% popularity and Hex has got popularity only by 20% dealers so
by this research I find that Zolex has got popularity of 25% by dealers. In addition to I want to
say that within a 3 to 4 years of the time of establishment of the company it has got relavant
popularity in the dealer’s mind. Where as the 3D is the inventor of cable lugs in Indian market.
And also Hex and Ascon are doing business since 20 years.
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I find that 68% dealers considers prices when they purchase any product from cable lugs
equipments where as 20% dealers considers quality of the product and only 10% dealers
considers understanding of requirement and 2% considers the availability of products so I find
that to develop the brand company should focus on price and quality both.
In my first question I find that 51% people attracts from the television advertisement
but in the television advertisement brand ambassador affects to the people for purchase new
products. I find one reason that company is paying huge fees to brand ambassadors so
definitely they will make qualitative product. I find that logo and jingle attracts less to the end
users to purchase the new product. So as per the research finding company shoud choose the
brand ambassador who has more popularity. So brand ambassador is one of the good tool to
develop the brand.
In my 5th
question I find that if the company wants develop the brand they have to see
that the other brand’s pricing level most and also the quality of their brands. Although Zeeta’s
competitor are very experienced in that sector but the regular delivery of order and the dealer
satisfaction of doing business with Zeeta increase the value of Zolex brand.
By asking 6th
question I came to know that most dealers prefers the price of the product.
So Zolex have to davelope their pricing strategy to dealers. right now they prefer the
penetration of pricing due to emerging stage of their brand and this is a good strategy as per
my view.
Also quality of the product creates wide effect in the mind set of the dealers.
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I also find by asking my 7th
question that Zeeta gets 60% views of moderate delivery
time by the most dealers. which is not good for developing the brand. Compare to that most
dealers prefers to say that Ascon and 3D has timely delivery to the dealers. so Zeeta have to
incrase their efficiency towards the timely delivery to the dealers.
By asking last last question I found that the price portfolio of Zeeta got the high
popularity in the mind set of dealers. this is good for the developing a brand. In my above
questions I found that pricing got most popularity in electrical sector and where as Zeeta has
high popularity in price portfolio in the minds of dealers. so it can get better trade in the future.
And also the penetration of pricing creates wide effect on that as per my view.
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SUGGESTIONS AND RECOMMENDATIONS
As per the research I want to suggest and recommends to the company that if they will
start television advertisement, they can gain more & more benefit. I also want to recommends
that company should mostly focus on dealer counters as they are focusing right now because
the share of dealer counter is very big.
Another thing I want to recommend that company should try to give schems in monitory
term because we have seen in marketing that many dealers were demanding sachems in
monitory terms, not as free goods on MRP.
I also recommend that company should continue with free sampling as they are doing
right now, because free continues free sampling attracts more dealers. I want to recommend
one another thing that company should introduce their new innovation to the each of dealers
through their expert market representative, it makes dealers to aware of the new products and
innovations by Zeeta.
I want to suggest some other things that Within short period of time company is going
to start television advertisement so I suggest them to select the brand ambassador who can
affect the more people and I want also to suggest that company should continue with free
sampling as the brand is new so easily they can enter in the minds of dealer and capture the
whole market.
As I have met many dealers and I have found that most of customers are purchasing
their products on the trust of dealers so they have to try to launch their products as per the
dealers orders, and company have to satisfy the dealer’s demands.
And i want to give last recommend that company should try to make moré thick boxes
of cable lugs transmission so life of packing will be better.
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BIBLIOGRAPHY
www.zeetaelactricals.com
www.google.com
www.cablelugsofIndia.com
Research methodology-methods & techniques, C.R Kothari (2nd
revised edition)
Principles Of Marketing, Phillip Kotler(12th
edition) by Eastern Economy Edition
Human resource Management, Gary Dessler(11th
edition) by Pearson Education
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