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A
PROJECT REPORT ON
Consumer Buying Behaviour of Sony
Products in Gurdaspur.
Submitted to Punjab Technical University in the partial
fulfilment of the requirement for the degree of
Master of Business Administration
Submitted By:-
Charnjeet
Roll No.-105312250936
Specialization: Marketing & finance
Submitted To:-
Lec: - Sanjeev Manjotra
Lec:-S.S. Tagger
2
CERTIFICATE
THIS IS TO CERTIFY THAT THE THESIS ENTITLED,”A STUDY REGARDING
CONSUMER BUYING BEHAVIOUR OF SONY PRODUCTS IN
GURDASPUR SUBMITTED FOR THE DEGREE OF MBA, FOR THE PUNJAB
TECHNICAL UNIVERSITY,JALANDHAR,IS A BONAFIDE RESEARCH WORK
CARRIED OUT BY CHARANJEET (105312250936) UNDER MY SUPERVISION AND
THAT NO PART OF THIS THESIS HAS BEEN SUBMITTED FOR ANY OTHER
DEGREE.
THIS ASSISTANCE AND HELP RECEIVED DURING THE COURSE INVESTIGATION
HAVE BEEN FULLY ACKNOWLEDGED.
Prof. Sanjeev Manjotra
3
ACKNOWLEDGMENT
This humble endeavour bears the imprint of many persons who were in one way or
the other helpful in the completion of my project report. I would like to take this
opportunity to present my vote of thanks to my guides who acted as lighting pillars to
enlighten my way through out this project. This project would not have been possible
without the kind assistance and guidance of many people who indeed were helpful,
cooperative and kind during the entire course of my project.
The acknowledgment would not be complete without expressing my indebtedness to
my revered and learned faculty guide Prof. Sanjeev Manjotra who guided me in
this project and was the constant source of reference for us and showed full interest
at each and every step of our project.
CHARNJEET
MBA IV Sem.
4
D
DE
EC
CL
LA
AR
RA
AT
TI
IO
ON
N
I hereby declare that this final project report titled “Buying Behaviour/Need Analysis &
Generation of Prospective Customer List for Sony Products in Gurdaspur.” is the result of my
own effort in the training which I did as a part of the curriculum, for the fulfillment of
MASTER OF BUSINESS ADMINISTRATION (MBA) degree. It has not been duplicated
from any other earlier works and all information provided in this report is genuine.
This report is submitted for the partial fulfilment of MBA program. It has not been submitted
to any other university or for any other degree.
Charnjeet
Date: ROLL. NO. 105312250936
Place: MBA 4th SEMESTER
5
TABLE OF CONTENTS
TITLE PAGE NO.
CHAPTER-1
INTRODUCTION 1-29
Executive Summary 2
Understanding the buying behaviour of consumer 4
Indian consumer durable industry 11-19
Trends favouring the growth of consumer durables 20-23
About the Sony organization 24-29
CHAPTER-2
REVIEW LITERATURE 30-33
CHAPTER-3
RESEARCH METHODOLOGY 34-44
CHAPTER-4
DATA ANALYSIS AND INTERPRETATION 45-62
Analysis of Bravia 54-58
Analysis of cyber shot 59-62
CHAPTER-5
CONCLUSION 63-65
BIBLIOGRAPHY 66-67
ANNEXURE 68-73
6
LIST OF TABLES
S.No. Table
Page
No.
1.1
Structure of the Indian Consumer Market 11
1.2
Key Consumer Durables-Share by volume
12
1.3
Service Network of IFB
35
1.4 Complaint Table 57
1.5 Product Category Complaints 58
1.6 Washing Machine Complaints 59
1.7 Major & Minor Complaints 60
1.8 Major Complaints 61
1.9 Minor Complaints 62
2.0 Servicing Complaints 63
2.1 AMC Refusal Reasons 70
2.2 Enquiry Resolve Solution 72
2.3 Model Of Dishwasher 75
2.4 Satisfaction Level Regarding Quality Of Dishwashers 75
7
2.5 Satisfaction Level Regarding Services Of Dishwashers 78
2.6 Satisfaction Level Regarding Performance Of Dishwashers 80
2.7 Satisfaction Level Regarding Durability Of Dishwashers 82
2.8 Type Of Maintenance Contract 84
2.9 Type Of Additives 86
3.0 Sources Of IFB Additives 87
3.1
Comparative Analysis Of Service Charges 90
3.2 Comparative Analysis Of Spare Parts Charges 90
3.3 Comparative Analysis Of AMC Charges 91
3.4 Comparative Analysis Of Wash Care Additives 91
8
Chapter 1
Introduction
9
Executive Summary
One of the most recognized brand names in the world today, Sony Corporation, Japan,
established its operations in India in November 1994, focusing on the sales and marketing
of Sony products in the country. In a span of 12 years Sony India has exemplified the
quest for excellence in the world of digital lifestyle becoming the country’s foremost
consumer electronics brand. With relentless commitment to quality, consistent dedication
to customer satisfaction and unparalleled standards of service, Sony India is recognized as
a benchmark for new age technology, superior quality, digital concepts and personalized
service that has ensured loyal customers and nationwide acclaim in the industry.
In India, Sony has its footprint across all major towns and cities through a distribution
network comprising of over 7000 channel partners, 215 Sony World and Sony Exclusive
outlets and 21 direct branch locations. Manned by customer friendly and informed sales
persons, Sony’s exclusive stores ‘Sony World’ are fast becoming the most visible face of
the company in India.
10
Introduction
One of the most recognized brand names in the world today, Sony Corporation, Japan,
established its India operations in November 1994, focusing on the sales and marketing of
Sony products in the country. In a span of 12 years Sony India has exemplified the quest for
excellence in the world of digital lifestyle becoming the country’s foremost consumer
electronics brand. With relentless commitment to quality, consistent dedication to customer
satisfaction and unparalleled standards of service, Sony India is recognized as a benchmark
for new age technology, superior quality, digital concepts and personalized service that has
ensured loyal customers and nationwide acclaim in the industry.
In India, Sony has its footprint across all major towns and cities through a distribution
network comprising of over 7000 channel partners, 215 Sony World and Sony Exclusive
outlets and 21 direct branch locations. Manned by customer friendly and informed sales
persons, Sony’s exclusive stores ‘Sony World’ are fast becoming the most visible face of the
company in India.
Sony India also has a strong service presence across the country with 21 company owned and
172 authorized service centers. A distinctive feature of Sony’s service is its highly motivated
and well-trained staff that provides the kind of attentive and sensitive service that is rare
today.
Sony is committed to ensuring that both the products and the marketing activities employed
truly make a difference to people’s lifestyles and offer them new dimensions of enjoyment
and an experiences which are ‘like no other’.
11
Understanding The Buying Behaviour Of Consumers
Definition
Purchase decision making pattern that is a complex amalgam of needs and desires, and is
influenced by factors such as the consumer's (1) societal role (parent, spouse, worker, etc.),
(2) social and cultural environment and norms, and (3) aspirations and inhibitions.
Buying Behavior is in the Advertising, Marketing, & Sales and Purchasing & Procurement
subjects.
Buying Behaviour appears in the definitions of the following terms: marketing research,
advertisement (ad), ACORN, economic environment, activities, interests, opinions (AIO) and
consumer research.
Buying Behaviour appears in these other term: consumer buying behaviour.
(2.4) Model of Buying Behaviour
Marketing Other Buyer’s Buyer’s Buyer’s
Stimuli Stimuli Characteristics Decision Decision
Process
Product Economic Cultural
Problem
recognition Product choice
Price Technological Social
Information
Search Brand choice
Place Political Personal Evaluation Dealer choice
Promotion Cultural Psychological Decision Purchase timing
Post purchase Purchase amount
Behaviour
When I have analyzed the model of buying Behaviour finding that people of Bhilai are
influenced by the marketing stimuli (4 P’s) people are focused on price rather than product,
place and promotion, other factor which influenced people is the technological advancement.
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(2.5) Detailed Model of Factors Influencing Behaviour
Cultural
Culture Social
Personal
Reference
Groups Psychological
Cycle Stage Motivation
Subculture Family Economic Perception
Circumstances Learning
Life Style
Beliefs and
Attitudes
BUYER
Roles and
Statuses
Personality
and
Social
Class Self Concept
Reference groups can have potent influence on behaviour in general, and they may also be
very influential on consumer behaviour, considering the ‘Consumer Goods Segment’. Family
and friends in specific are considered before making a decision about purchasing a product.
But their purchase decision depends completely on self-opinion.
Where reference groups’ influence is operative, the advertiser should stress not only the
people who buy the product but also those who influenced the purchasing decision.
The process may be viewed as starting when the consumer engages in problem recognition.
Problem recognition occurs when the consumer is activated by awareness of a sufficient
difference between his / her concept of ideal situation. The action occurs only when the
consumer perceives a sufficiently large discrepancy between the actual and ideal states.
Given that the consumer is aroused to action, the next state is internal search for a quick and
largely unconscious review of memory for stored information and of an experience regarding
the problem. This information in the form of beliefs and attitude influence the consumer’s
preference towards band. If an internal search does not provide sufficient information about
13
products, or how to evaluate them, the consumer continues with a more involved external
search for information.
Any information stimuli are then subjected to information processing activities. This process
involves allocating attention to available stimuli, deriving meaning from these stimuli. The
alternating evaluation phase involves comparing the information gained in the search process
for alternative product and brands to the product judging criteria on standards the consumer
has developed. When such a comparison leads to favourable evaluations, the consumer is
likely to develop a purchase intention towards that alternative that received the most
favourable evaluation.
A purchase process follows strong purchasing intentions. This involves a series of selection,
including the type of retail outlet as well the specific brand on service to use. The consumer’s
purchase then leads to various outcomes. One such outcome is satisfaction as a result of
direct experience in using the brands. Satisfaction will affect the consumer’s belief about the
brand. Other outcome is dissatisfaction and post sale doubt.
Many ad agencies conducted an in-depth study of consumer buying behaviour and found that
they all crave for peer acceptance and parental non-influence. Beyond this they are an
enigma.
14
Set of Action Taken By SONY To Impact On Buying
Behaviours.
Sony India Pvt. ltd was established on 17th November 1994 in New Delhi with branch offices
all over India. It is a subsidiary of Sony Corporation of Japan. The word Sony is a
combination of two words 'sonus' and 'sonny'. Sonus is a Latin word that represents words
like sound or sonic whereas Sonny means a son. In 1958 it became Sony Corporation to have
worldwide expansion. Now Sony is a leader in almost every product and the most recognized
name in India. It has constantly lived up to the expectation of consumers by giving products
with latest technology, digital concepts and for its par excellent customer services. Sony has
also won Avaya Global connect Customer Responsiveness Award in 2006. The award had
been given for Sony's understanding in customer behaviour, identifying new opportunities
and exceeding customers' expectation. While giving this award, the work regarding customer
policies was also recognized. The growth of the company in India can be shown through ever
increasing sale revenues. The sale revenue generated in the year 2007 was Rs. 596 Crore that
had an increase of 26% compared to the sales revenue of 2006.
Sony has the most diverse portfolio in consumer durables in India. Sony makes many
products and almost every Indian home has one or two products of Sony. The deals in the
following and many more:
o Televisions,
o Hi-fi Audios
o Home Theater systems and DVD players
o Personal Audio (CD/Cassette Radio Players and Walkman)
o Audio Video Accessories
o Car Audio and Visual Systems
o Notebooks,
o Gaming Consoles
o Camcorders and Digital Still Cameras
o Digital Imaging Accessory (Batteries, Chargers, Microphone, Photo Printers),
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o Mobile Phones
o Recording Media and Energy Devices
o Broadcast and Professional products
Sony's recent products TFT monitors, plasma monitors, LCD projectors, PC speakers and
storage media services are distributed through retailer, corporate partner and IT retail outlet.
The latest camcorder Sony DCR-SR90E, is really getting popular in India has 30 GB storing
capacity and has recording time of 21 hours. It has built in Dolby Digital 5.1ch surrounds
microphone. Sony has recently entered by Vaio in Indian Notebook market available in
Sony's retail outlets across the nation and later on IT channels will be used to distribute it.
Along with Sony Digital Cameras, variety of handy cams will be launched. Yet another
milestone is the invention of 11-inch an extremely thin next generation TV display with
OLED (Organic light emitting diode) technology. This has been launched in the Indian
market
The company's profile is so strong in India and world that people don't go in the details while
buying any product manufactured by Sony. 'The name speaks' tag is very much true for Sony
in India. Sony celebrates 14th-19th June as Sony days in various outlets. Special offers,
attractive prices and discounts are offered during these days. Even this multinational
company is providing employment to many in India. Recently Sony India opened its
Software Center in Bangalore. Sony World in Pune is the largest showroom of Sony in India.
It has all the latest products and provides excellent services. To know more on the latest
information on the launch of product, dealers and retailers in India their website sony.co.in
can be checked. In this the full list of service centers, manuals, and announcements etc
regarding different products are given in detail. Full emphasis is given on the customer
services. There is no second thought that Sony is a leading name in Consumer durables in
India with ever-increasing graph.
16
Marketing Implications
Marketers should realize that today’s customers are an aware lot and they have an attitude.
The consumer goods market is a sensitive market one that has to be handled with a great deal
of care. The rules are simple
 Do not overstate
 Do not be obvious
 Do not patronize
Instead of giving the customers respect and freedom to make their own choice, the marketer
should synchronize their product and service value with customer attitudes. The marketers
should dare to be different and unconventional, so that their products click, if they were
targeted at the customer special youth, who in turn are willing to experiment with something
new.
The marketer should understand the customer to have a strong sense of identification and a
sense of attitude that they sniff out of imaging. It has been observed that offering value
addition also works in the youth market. Sony should initiate research in different product
categories and this should take into consideration the brand likeability, appeals.
What has to be kept in mind is that the product should have an emotional appeal and should
click the target group.
17
SWOT ANALYSIS
STRENGTHS
1. Presence of established distribution networks Sony Exclusive in Chandigarh Tricity.
2. Presence of well-known brands.
2. In recent years, Sony Exclusive and Multi-Brand counters has increased its
share in the Chandigarh Tricity market against Grey market.
WEAKNESSES
1. Demand is seasonal and is high during festive season.
2. Demand is less in the month of June and July.
3. Poor spending on infrastructure (Display) as compared to Sony World in Raipur.
4. Low purchasing power of consumers.
OPPORTUNITIES
1. In Gurdaspur Tricity, the penetration level of Consumer goods is lower.
2. Unexploited rural market.
3. Rapid urbanization.
4. Increase in income levels, i.e. increase in purchasing power of consumers.
5. Easy availability of finance (Sony 0% finance Offer)
THREATS
1. Higher price of products as compared to other companies’ products may drives the
customer switch to other company products.
2. Service which is given by Sony Service Gurdaspur Tricity is not completely
satisfactory.
18
Consumer
Durable Market
19
Indian Consumer Durables Industry
A major appliance, or domestic appliance, is usually defined as a large machine which
accomplishes some routine housekeeping task, which includes purposes such as cooking,
food preservation, or cleaning, whether in a household, institutional, commercial or industrial
setting. An appliance is differentiated from a plumbing fixture because it uses an energy input
for its operation other than water, generally using electricity or natural gas/propane. An
object run by a watermill would also be considered an appliance. The term white goods is
also used for these items, primarily where British English is spoken, although definitions for
the term "white goods" can differ. In the United States, the term white goods more commonly
refers to linens rather than appliances.
Major appliances are differentiated from small appliances because they are large, difficult to
move, and generally fixed in place to some extent. They are often considered fixtures and
part of real estate and as such they are often supplied to tenants as part of otherwise
unfurnished rental properties. Another frequent characteristic of major appliances is that they
may have substantial electricity requirements that necessitate special electrical wiring to
supply higher current than standard electrical outlets can deliver. This limits where they can
be placed in a home.
Major appliances have become more technically complex from the control side recently with
the introduction of the various Energy Labelling rules across the world. This has meant that
the appliances have been forced to become more and more efficient leading to more accurate
controllers in order to meet the regulations.
Major appliances may be roughly divided into refrigeration equipment, stoves, washing
equipment, and miscellaneous.
Indian consumer durables market used to be dominated by a few domestic players like
Godrej, Allwyn, Kelvinator, and Voltas. But post-liberalization many foreign companies have
entered into India, dethroning the Indian players and dominating the market. The major
categories in the market are CTVs, refrigerators, air-conditioners and washing machines.
20
The Consumer Durables industry consists of durable goods and appliances for domestic use
such as televisions, refrigerators, air conditioners and washing machines. Instruments such as
cell phones and kitchen appliances like microwave ovens are also included in this category.
The
sector has been witnessing significant growth in recent years, helped by several drivers such
as the emerging retail boom, real estate and housing demand, greater disposable income and
an overall increase in the level of affluence of a significant section of the population. The
industry is represented by major international and local players such as BPL, Videocon,
Voltas, Blue Star, MIRC Electronics, Titan, Whirlpool, etc.The consumer durables industry
can be broadly classified into two segments: Consumer Electronics and Consumer
Appliances. Consumer Appliances can be further categorised into Brown Goods and White
Goods.
Types of appliances
Appliances may be divided into categories called "white goods" and "brown goods" in British
English.
 Brown goods are typically small household electrical entertainment appliances such
as:
CD and DVD players
Televisions
Camcorders
Still cameras
HiFi and home cinema
Telephones etc.
 White goods comprise major household appliances and may include:
Air Conditioner
21
Dishwasher
Clothes Dryer
Washing Machine
Microwave Oven etc.
Some types of brown goods were traditionally finished with or looked like wood or
bakelite. This is now rather rare, but the name has stuck, even for goods that are unlikely ever
to have been provided in a wooden case (e.g. camcorders). White goods were typically
painted or enamelled white, and many of them still are. The addition of new items to these
categories shows that the categories still serve a purpose in marketing.
This division is also noticeable in the service area of these kinds of products. Brown goods
usually require high technical knowledge and skills (which get more complex with time, such
as going from a soldering iron to a hot-air soldering station), while white goods need more
practical skills and "brute force" to manipulate the devices and heavy tools required to repair
them.
There is usually a problem with microwave ovens, because these sell alongside refrigerators
and dishwashers, but microwave ovens contain complex electronic boards (the clock and
controller) which white-good servicemen refuse to repair (as they don't have the training or
tools required to do so). Some brands send whole boards for replacement, and some have
them repaired by such technicians.
Indian consumer durables market used to be dominated by a few domestic players like
Godrej, Allwyn, Kelvinator, and Voltas. But post-liberalization many foreign companies
have entered into India, dethroning the Indian players and dominating the market. The major
categories in the market are CTVs, refrigerators, air-conditioners and washing machines.India
being the second fastest growing economy with a huge consumer class has resulted in
consumer durables as one of the fastest growing industries in India. LG and Samsung, the
22
two Korean companies have been maintaining the lead in the industry with LG being the
leader in almost all the categories.
Korea's major consumer electronics manufacturers show continued robust growth in the
Indian market for home appliances. According to a recent survey conducted by GfK
Marketing Services, one of the world's top-five market research companies, LG Electronics
Inc. was found to lead in India's five major home appliances categories; color televisions,
refrigerators, washing machines, air conditioners and microwave ovens, during the April-
June period.
LG-brand air conditioners held a 41 percent market share, televisions 26.7 percent,
refrigerators 29.4 percent, washing machines 35.1 percent and microwave ovens 38.9 percent.
Televisions rose 2.3 percent, while refrigerators and washing machines rose 3.4 percent and
2.7 percent respectively, from a year ago.
Samsung Electronics followed LG Electronics in the Indian home appliances market, with a
14.4 percent market share in colour televisions, 16 percent in air conditioners and 18.6
percent in microwave ovens during the April-June period. Although in India's optical
machinery market Samsung Electronics was found to lead with its computer monitors and
CD-ROM drives.
Meanwhile, in the audio markets, the two electronic makers fell behind competitors such as
Sony and Phillips. Sony and Phillips had a 42.8 percent and a 34.1 percent market share,
respectively. Samsung and LG trailed with 11 percent and 5.7 percent, respectively, in India's
audio market.
"Although encountering severe competition from foreign rivals in India, a nation with
enormous potential, LG Electronics is leading the Indian market for major home appliances
every year," said Kim Gwang-ro, president of LG Electronics' South West Asian branch. "We
will continue to push the boundaries of our first-rated electronic products through localization
and product differentiation," he added.
23
The Indian branch of LG Electronics plans to achieve its goal of $10 billion in sales by 2010
with an investment of $150,000,000 to 2007. On the other hand, Samsung Electronics said it
will focus on increasing brand recognition and value though its high-end product lines rather
than attaching itself to simple, numerical sales volume in the Indian market. The company is
restructuring its business segments in the Indian market to more concentrate on high value-
added production. India, as one of the four BRICs nations, along with Brazil, Russia and
China, is running an average of 7 percent annual economic growth, mostly driven by a
growing IT sector. Some experts predict that India will become the world's largest economy
by 2035.
The rural market is growing faster than the urban markets, although the penetration level in
rural area is much lower. The CTV segment is expected to the largest contributing segment to
the overall growth of the industry. The rising income levels, double-income families and
increasing consumer awareness are the main growth drivers of this industry.
(in millions of
households)
Consumer Classes (Annual income Rs) 1996 2001 2008 Change
The rich (Rs.215, 000 and more)i 1.2 2 6.2 416%
The Consuming Class (Rs. 45-215,000) 32.5 54.6 90.9 179%
The Climbers (Rs. 22-45, 000) 54.1 71.6 74.1 37%
The Aspirants (Rs.16-22, 000) 44 28.1 15.3 -65%
The Destitute (below Rs. 16,000) 33.2 3.4 12.8 -61%
Total 164.8 180.7 199.2 21%
Source: NCAER
Table1.1-Structure of the Indian Consumer Market
Industry Size, Growth, Trends
The consumer durables market in India was estimated to be around US$ 5.5 billion in 2007-
08. More than 7 million units of consumer durable appliances have been sold in the year
2007-08 with colour televisions (CTV) forming the bulk of the sales with 30 per cent share of
volumes. CTV,refrigerators and Air-conditioners together constitute more than 60 per cent of
the sales in terms of the number of units sold.
24
Table-1.2-Key Consumer Durables-Share by volume
In the refrigerators market, the frost-free category has grown by 8.3 per cent while direct cool
segment has grown by 9 per cent. Companies like LG, Whirlpool and Samsung have
registered double-digit growth in the direct cool refrigerator market. In the case of washing
machines, the semi-automatic category with a higher base and fully-automatic categories
have grown by 4 per cent to 526,000 units and by 8 per cent to 229,000 units, respectively. In
the air-conditioners segment, the sales of window ACs have grown by 32 per cent and that of
split ACs by 97 per cent.
Consumer Electronics
The CTV production was 15.10 million units in 2007-08 and is expected to grow by at least
25 per cent. At the disaggregated level, conventional CTV volumes have been falling while
flat TVs have grown strongly. Market sources indicate that most CTV majors have phased
out conventional TVs and have been instead focusing more on flat TVs. The flat segment of
TVs now accounts for over 60 per cent of the total domestic TV production and is likely to be
around 65 per cent in 2007-08.
High-end products such as liquid crystal display (LCD) and plasma display CTV grew by 400
per cent and 150 percent respectively in 2006–07 following a sharp decline in prices of these
products and this trend is expected to continue.
25
The audio/video player market has seen significant growth rates in the domestic market as
prices have dropped. This trend is expected to continue through 2007-08, as competition is
likely to intensify to scale and capture the mass market.
White Goods
Increased consumer demand is expected to boost the white goods segment to achieve
production levels of US$ 5.09 billion by the end of 2007-08 against US$ 4.54 billion in 2006-
07, with a growth rate of 12.5 per cent.
Air-Conditioners
Growth in the white goods segment was largely driven by the Air-conditioner (AC) segment.
Within this, split ACs have been the main growth drivers, recording a growth of over 90 per
cent in 2007. Growth, albeit at a slower rate. of 32 per cent, has also been experienced in the
segment of window ACs. The window AC segment is slightly less organised as compared to
split AC segment. The market for air-conditioners is divided quite uniformly across customer
segments, with about 45 per cent share for private sector corporates, 20 per cent for domestic
use, 15 per cent each for public sector companies and government use and5 per cent for
hospitals.
Washing Machines
The sales of washing machines have grown from about 780,000 units to 2,348,000 units
during the period, fiscal year 1999 to 2008, registering a near 12.2 per cent annual growth
rate. The washing machine market may be segmented into semi-automatic and fully
automatic machines. Semiautomatic washing machines enjoy a dominant share of 85 per
cent. Fully automatic washing machines have been gaining share as a consequence of product
improvement, competitive pricing and resultant convenience. However, semi-automatic
machines will continue to play a major role
in the Indian market for quite sometime. Fully automatic washing machines have been the
growing at 44.5 per cent and semi-automatic segment, at about 18 percent. The entry of
MNCs has widened the range to more than 10 brands with a proliferation of models, while
26
ensuring technology upgradation. A visible impact of this churn has been the exit of a few
established players from the market.
GROWTH OF WASHING MACHINES UNITS FROM 2002-2008
SOURCE-NCAER
Refrigerators
Refrigerators are one of the most sought after appliances in Indian middle class homes. The
refrigerator market has two segments: Direct Cool and the relatively new Frost-Free type.
The market for refrigerators in 2006-07 was about 6.5 million units. The growth of
refrigerator segment is projected to be between 18 to 22 per cent over the next 5 years. A
critical success factor for the refrigerator market, given its widespread use, is deeper reach
into the market and increased penetration. Recently, the market is getting reinforced by the
replacement segment as well.
0
500000
1000000
1500000
2000000
2500000
Series1
27
Trends Favouring the Growth of the Consumer Durables Industry
The key trends that impact the Indian Consumer Durables Industry today are reflected in the
diagram and discussed separately in the following sections.
Increasing Share of Organised Retail
The urban and rural markets in India are growing at an annual rate of 7 to 10 per cent and 25
per cent respectively. One of the key enablers of this growth has been the increasing
penetration of organised retail. While there are established distribution networks in both rural
and urban India, the presence of well-known brands and organised sector is increasing. At
present around 96 per cent of the more than 5 million retail premises of all types in India are
smaller than 50 sq mtrs. This situation is, however, transforming. Shopping malls are
28
becoming increasingly common in Indian cities, and based on plans announced by key
developers, a proliferation of new malls is expected over the next three years. Although many
of the new malls would be much smaller than their western counterparts, Indian consumers
will have a far larger number of attractive, comfortable, brand-conscious outlets in which to
shop. As a result, the organised retail industry is expected to cover a market share of 15 to 18
percent by the end of 2010, from just 3 per cent at present. This will have a positive impact
on the consumer durables industry, as organised retailing would not only streamline the
supply chain, but also facilitate increased demand, especially for high-end and branded
products.
Narrowed Price Gap and Increased Affordability of Products
Advanced technology and increasing competition is narrowing the price gap between
products in this sector, which has driven demand and enabled high growth. Products that
were once beyond the reach of the middle class Indian are now affordable to many. Growth
in demand for products, once considered luxuries, such as air-conditioners, washing machines
and high end CTVs, is a reflection of this phenomenon.
Entry of Large Players Increasing Competition
With potential heavyweight retail stores like Croma, E Zone and Reliance Digital, the high-
end segment has been exposed to a new form of purchase, allowing the consumer to
feel/experience the product in a suitable ambience (significant in decision-making). Part of
the growth momentum in high-end segments of consumer electronics could be attributed to
the competitive evolution of organised retail, stimulating the demand through exposure to
high end shopping experiences.
Income Growth and Structural Changes
Apart from steady growth in income of consumers, consumer financing has become a major
driver in the consumer durables industry. In the case of more expensive consumer goods,
such as refrigerators, washing machines, colour televisions and personal computers, retailers
are marketing their goods more aggressively by providing easy financing options to the
29
consumers by partnering with banks. While this is aimed at the lower and middle income
groups, the higher income groups are also being attracted by opportunity.
Distribution and Service Network
As the market spreads out from saturated urban regions to low penetration rural areas and tier
II/III towns, distribution network and brand recognition will continue to play ever more
significant roles in determining market share and profitability. The market for consumer
durables is moving towards a stage where it could soon be defined “as broad as it can be
reached”. The central government plans of making electricity available for all by 2012, will
also open up immense opportunities for the consumer durables segment.
Rupee Appreciation
Raw material cost constitutes more than 75 per cent of expenditure incurred by consumer
durable manufacturers in India. The rapid appreciation of rupee vis-à-vis the US dollar in
2007 is expected to ease raw materials costs for Indian manufacturers and benefit those
addressing the domestic market.
30
Key Players Of ConsumerDurables Industries
31
INTRODUCTION
TO THE
ORGANISATION
32
Sony's Story
It was in 1946 that Masaru Ibuka and Akio Morita together with a small team of passionate
and committed group of employees started to build “Tokyo Tsushin Kenkyujo” (Totsuko) or
“Tokyo Telecommunications Research Institute” into the billion dollar global conglomerate
that it is today. The main objective of the company was to design and create innovative
products which would benefit the people.
From early attempts at creating products like the rice-cooker to the later success of creating
Japan’s first magnetic recorder, the innovative company went on to create other hit products
which won the company widespread recognition and international acclaim as a truly global
company known for its quality and innovative products. Significant product milestones
included Japan’s first transistor radio (1955), Trinitron colour television (1968), Walkman
personal stereo (1979), Handycam video camera (1989), PlayStation (1994), Blu-ray Disc
recorder (2003) and PlayStation 3 (2006).
The company name of Sony was created by combining two words of “sonus” and “sonny”.
The word “sonus” in Latin represents words like sonic sound. The other word “sonny” means
little son. Used in combination, Sony is supposed to represent a very small group of young
people who have the energy and passion towards unlimited creations and innovative ideas.
With the far-sight of expanding worldwide, it was in 1958 that the company formally adopted
“Sony Corporation” as its corporate name. Easy to pronounce and read in any language, the
name Sony, which has a lively ring to it, fits comfortably with the spirit of freedom and open-
mindedness.
33
List of SONY Products
 BRAVIA
The era of High Definition has arrived and Sony’s Bravia LCD TVs are here to help you fully
enjoy its advantages. Innovation, creativity and technology come into play in the creation of
our LCD TVs, bringing an unprecedented level of realism and stunning clarity to your
movies, both visually and aurally. With slim and stylish designs, Bravia LCDs can fit
anywhere in your home. Additional features like faster response time and PC connectivity
help create the full entertainment experience.
 X Series
Precision colour reproduction and high quality screen resolution are the key factors when
creating the Bravia X-Series. Including features like a Full HD (1920 x 1080) LCD panel,
Live Colour Creation and Sony’s intelligent picture enhancement technology- the Bravia
Engine, your movies will come alive. The X-Series also offers astounding stereo sound to
match the spectacular visuals, providing you a wholesome entertainment experience.
Watching movies at home is never the same again.
 W Series
The era of High Definition has arrived and Sony’s Bravia LCD TVs are here to help you fully
enjoy its advantages. Innovation, creativity and technology come into play in the creation of
our LCD TVs, bringing an unprecedented level of realism and stunning clarity to your
movies, both visually and aurally. With slim and stylish designs, Bravia LCDs can fit
anywhere in your home. Additional features like faster response time and PC connectivity
help create the full entertainment experience.
 V Series
Enjoy stunning image quality and convenience with Sony’s LCD Bravia V-Series, which on
top of an unprecedented degree of detail, also provides high connectivity, thanks to the
34
HDMI input that allows you to link up to any other HD sources like Blu-ray players,
PlayStation 3 gaming console and HD camcorders. It delivers an uncompressed, all digital
audio/ video interface between your Bravia TV and any HDMI-equipped audio/video
components. Turn your viewing into an incredible experience now.
 S Series
The Sony Bravia LCD S-Series follows in the Sony Bravia line of high performance and
stylish LCD TVs. Thanks to Sony’s unique S-PVA technology; you can now enjoy vivid
colours, wide viewing angles and quick response time. Designed to be versatile, the S-Series
is equipped with an extensive range of input interfaces; the PC input allows your TV to
double up as a computer monitor; while with HDMI, you can hook your TV up with other
compatible players. Experience the world of high definition now.
 G Series
With Sony’s Bravia LCD G series, you get to enjoy stylish design and superior image and
sound quality. Be it for home or office use, you will find the G-series a great addition. The
TVs come with user-friendly navigation, convenient front mounted controls, and an easily
comprehensible remote control. You can also adjust the angle of the TV to suit viewers’
position with the base stand that can tilt, or choose to mount it on the wall with the Sony wall
mounting bracket.
 Home Theatre System
Combining the latest in video and audio technologies, Sony has developed a series of Home
Theatre Systems that provides you with an enhanced home theatre experience. Our up scaling
DVD players ensure the delivery of the best in video performance while our Digital Signal
Processing guarantees a surround sound environment. Some are even compatible with the
latest digital television and have dedicated audio input for connecting to your portable digital
music players.
 Cyber-shot (Digital Camera)
Everyone can be a photographer with the wide range of Cyber-shot cameras of Sony that aim
to provide you utmost satisfaction. Packed with plentiful features like Super Steady Shot,
35
High Sensitivity and Real Imaging Processor, you can be sure that each of our Cyber-shot
cameras delivers a superior performance. To complement their functions, Sony has also
developed a series of accessories that specifically caters to the Cyber-shot range.
 Handycam (Video Camera)
It doesn’t matter if you are making family videos, filming documentaries or developing
feature films. Whatever the purpose, we have the right kind of camcorder you need and can
afford. Sony’s Handycam® Camcorders have a variety of different features and functions that
help deliver spectacular video performances of stunning clarity.
 VAIO
Combining form, function and the latest in technology, Sony provides a range of IT and
computing devices, storage media, accessories and peripherals to better serve all your IT
needs.
 PlayStation
Gaming would not be the same without the invention of the Sony PlayStation series. In
addition to the highly popular PlayStation 2, there’s the handy PlayStation Portable and next-
generation console PLAYSTATION 3. Powerful consoles must be accompanied with
compelling games, and Sony offers games of all genres to match your gaming preference.
 X-plod
If you spend long hours in your car everyday, it’s important to equip it with enough
entertainment so that you’ll never have a dull moment. Car audio entertainment need not be
limited to just your favourite radio stations or CDs. Thanks to Sony Xplod mobile
entertainment technology, you can enjoy music from more sources. You now can even
experience visual entertainment with our innovative Touch-Screen Multimedia Centre
receiver. Riding the car is never the same experience again.
36
 Hi-Fi System
Audiophiles need look no further than Sony’s selection of high-power Hi-Fi Systems that can
fill your whole room with high quality stereo sounds, thanks to superb speakers and powerful
components.
 Sony Ericsson
With Sony Ericsson’s colourful and innovative collection of mobile phones, you can
definitely find one that will fit into your lifestyle, budget and shows off your character.
We’ve also created a series of handy mobile phone accessories so you can spruce up your
mobile phone’s appearance, prevent it from damage, or enhance its usage
 WEGA (CRT) TV
It’s all about features, quality, style and price with Sony’s CRT TVs. Our range of CRT TVs
offer analog and digital high-definition inputs, superior audio features and picture-enhancing
technologies for superior visual and aural results.
37
CHAPTER-2
REVIEW OF LITERATURE
38
“Gardner, Meryl Paula(1985)”
The mediating role of mood states and their potential importance to consumer
behavior research are examined through the creation of a conceptual framework. A
review of previous psychological research shows that mood states affect behavior,
evaluation and recall both directly and indirectly. These effects are examined to find
their range and limitations, and their implications for consumer behavior are studied
in three areas: service encounters, point-of-purchase stimuli, and the content and
context of communications. The feasibility and viability of mood-related approaches
to marketing research and practice are also discussed.
“P.S. Raju, Associate Professor, School of Business, College of Business and Public
Administration, University of Louisville, Louisville, Kentucky, USA(1990)”
This article develops a model of Consumer behaviour in international markets is a topic that
is still not well understood. Proposes a framework, called the A-B-C-D paradigm. Suggests
that a marketer examine four stages – access, buying behaviour, consumption characteristics,
and disposal – covering the entire spectrum of consumer behaviours with respect to a
product/service. The paradigm is universally applicable to any particular culture or country of
interest. Since there has been no comprehensive examination of consumer behaviour in
eastern Europe and the Third World, focusses on using the A-B-C-D paradigm to gain a
better insight into consumer behaviour in these countries. Offers recommendations to
companies wishing to market their products in these countries.
“SaeedSamiee(1994)”
The author proposes and tests that In a global marketplace, the competitive position of firms
is determined by many factors. One critical consideration that influences this position is the
number of competing brands and their acceptance by customers. The developed nations
constitute the biggest markets in the world, which annually import hundreds of billions of
dollars worth of foreign products. In addition, there has been a proliferation of foreign brands
that are manufactured or assembled and marketed in these nations by local and foreign-based
39
finns. Customers everywhere can choose from a set of brands that includes foreign-
manufactured or licensed products covering every conceivable product category, from foods,
toys, and apparel to automobiles, computers, and industrial robots. Quite understandably,
many such brands have achieved an enviable market position. Nevertheless, the marketing of
such a large number of foreign brands leads to the issue of whether customers are sensitive to
and concerned about where products and/or brands are manufactured or originate.
The literature in this area, generically labeled as "country-of-origin," has almost invariably
revealed some source-country-related bias toward non-domestic products [Bilkey and Nes
1982]. The implied rationale behind the close scrutiny of the country-of-origin issue is its
utility as a predictor of customer attitudes and subsequent choice behavior. Researchers have
examined this phenomenon for over twenty-five years. Not surprisingly, with so many studies
and research designs, some have produced conflicting results (see Table 1). Marketing
scholars remain intensely interested in studying this phenomenon and, as this line o...
“Nancy D. Albers-Miller(1999)”
Trade in contraband amounts to billions of dollars each year, and yet the buyers of these
products are still a mystery. The purpose of this study was to model the decision to purchase
illicit goods, using four predictor measures: product type, buying situation, perceived
criminal risk, and price. Part-worth conjoint analysis was used to obtain individual weights of
main effects and selected interaction effects on the willingness to purchase. Individual
respondents evaluated the purchase of illicit goods differently. Cluster analysis was used to
segment the respondents. Discriminant analysis was used to assess variable importance. The
overall model was shown to be significant. Although the results varied by cluster, the main
effects of product type, buying situation and price were all significant predictors of
willingness to buy. The interactions of risk with product type and price with product type
were also significant predictors for some clusters.
“John Fong and Suzan Burton(2005)”
The important influence of peer recommendations on consumer purchases has been strongly
established. However, the growth of electronic discussion boards has recently created an
additional channel for product recommendations and endorsements between people who have
never met, and anecdotal reports suggest that such recommendations can be influential in
subsequent choice. This study examines and compares recommendations on digital camera
electronic discussion boards within US and China based websites. The analysis showed a
40
significant country of origin effect among users of a Chinese web site, in the form of a
significantly higher frequency of negative references to brands originating from Japan.
Information seeking behaviour was also found to vary between the two sites, with users of the
China based website more likely to request information, thus possibly increasing the
likelihood of, and influence of, online word-of-mouth for users of this website.
“Ron Edwards, Anne-Marie Gut and Felix Mavondo(2006)”
The author has investigated that the Academic studies of buyer reaction to unpopular political
events in the country of origin of products have focused on consumer markets. This paper
aims to extend Klein, Ettenson and Morris' [Klein, J., Ettenson, R., & Morris, M. (1998). The
animosity model of foreign product purchase: An empirical test in the People's Republic of
China. Journal of Marketing, 62(1), 89–101] concept of consumer animosity to industrial
markets by comparing industrial and consumer buyer reaction to the nuclear tests conducted
by France in the Pacific in the mid-1990s. It investigates whether firms in the B2B sector
were affected more than those in B2C markets, whether entry mode was significant, and
examines the way in which firms in the two market sectors responded. The results show that
buyer animosity was less pronounced in industrial than in consumer markets. They also show
that entry mode can influence the experience of animosity.
“Yasmin van Kasteren(2007)”
In consumer societies, individual impact on the environment is largely mediated by consumer
behaviour. Consumer behaviour (sustainable or not) is rarely just the result of discrete
personal decisions aimed at maximising utility, it is rather the result of complex socio-
cultural negotiations about who, and what we are reflecting shared lifestyles and values.
Current approaches do not fully capture the difficulty and complexity involved in changing
consumer behaviour (Jackson, 2004) and offer only a partial explanation of environmentally
responsible behaviour. In this paper I take a critical look at the literature on environmentally
responsible behaviour and propose a theoretical understanding of sustainable consumer
behaviour focusing on socio-cultural constructs. Specifically, I propose building on the work
of Deci and Ryan to link the personal and social dimensions of values and identity to
sustainable consumer behaviour and outcomes through the concept
of intrinsic and extrinsic motivation.
41
CHAPTER-3
RESEARCH
METHODOLOGY
42
ResearchMethodology
NeedFor Study
The study aims to understand the major factors influencing the buying behavior and analysis
of the prospective customer’s for Sony products. This study will give insights to the marketer
that would help the markets to understand the consumer segment and increase the buying
pattern and general satisfaction level of this target group.
This helps the marketing people to arrive at meaningful ways to promote Sony products.
PROBLEM DEFINITION
“Studying Buying Behavior/Need Analysis & Generation of Prospective Customer List for
SONY Products”
My study was conducted in Chandigarh Tricity which is a potentially growing to consumer
durable. SONY has all sorts of outlets (SONY Exclusive & Multibrands counters) where
people comes to see the electronic gadget and spend their money to purchase these gadget
(Products)
Especially youth (20-30 years of age) are often considered to be interested to buy the SONY
products due to the advanced technology and Brand image. The study undertaken revealed
that the segment belonging to 30-40 years of age group consider that the SONY products are
very costly. They also feel that the after sale service which is given by the Company is not as
good in comparison with the amount charged for the goods.
The population of Chandigarh Tricity is vast and it is 12,25,837 in 2008. The youth
population is also sizeable enough.
Since today the pace of change is not easy to recognize, it is not possible simply for the
marketer to judge the taste, decision, trend, feature and pattern of consumer purchases. So my
research problem is associated with the turbulent of change in technology.
43
RESEARCH OBJECTIVE
1. To study the buying pattern of people towards consumer goods.
2. To determine the major factors influencing the buying decision process of the target
group.
3. To set out some basic marketing implications for the marketers to cater to different needs
of the targets group.
4. To have some insights on the relationship between marketing stimuli and youth responses.
5. To serve as guideline for further research in this area.
INFORMATION REQUIRED
1) What is the profile of customer in Chandigarh Tricity with respect to products and
services they purchase and the places they visit?
2) Which outlets/places are visited by them to purchase SONY products?
3) On what products and services do they spend most?
4) What are the sources of information for purchase of products?
5) How much do they spend?
6) How do they spend?
7) What are the basic factors influencing their buying decision process?
RESERCH DESIGN
1) Aim of Study.
The study aims to understand the major factors influencing the buying behaviours and
analysis the prospective customer’s for SONY products.
2) Purpose of Study.
This study is being made for summer training (Topic given -“Studying Buying
Behaviour/Need Analysis & Generation of Prospective Customer List for SONY
Products”)
3) Place of Study-Chandigarh Tricity
4) Data Collection.
 The data which has been chosen for this report was primary data and secondary
data.
44
 For the collection of data I have targeted the Chandigarh Sector 35,8,9 Mohali
phase 7,Punchkula Sector 11,14 , Sectors areas due to heavy purchase of SONY
products in this area.
 The study takes place from 10 Feb to 24th March2009.
 Data has been collected by preparing a set of questionnaire.
5) Sample Design.
 I have taken the sample design of 60.
 T- test is based on t- distribution and is considered an appropriate test for judging
the significance of a sample mean.
 Chi-square is an important non-parametric test and as such no rigid assumptions
are necessary in respect of the type of population.
6) Data Analyzed.
Data will be analyzed through survey which is going to be held in some part of Bhilai.
7) Report Writing.
Report is going to be prepared in case of descriptive and diagnostic research studies,
where descriptive research studies are those studies which are concerned with describing
the characteristics of particular individual, or of a group, whereas diagnostic research
studies determine the frequency with which something occurs or its association with
something else. The studies concerning whether certain variables are associated are of
diagnostic research studies. As against this, studies concerned with specific predictions,
with narration of facts and characteristics concerning individual, group or situation are all
examples of descriptive research studies.
45
Hypothesis
On the basis of the Diagnostic research conducted, the following hypothesis has been
drawn.
 Family is most important influencers for the individual customer for making a
purchase decision.
 Buying behaviours of customer whose monthly income is between 10.001-15,000
is different from those customers whose monthly income is above then 25,000.
Descriptive Studies – has been carried out, the objective of descriptive study was to find
answer to questions like-“Who, what, where and when”. In conducting descriptive study
statistical method has been adopted.
Statistical Method – has been applied, as statistical method is the most widely used method in
marketing research and is the method usually implied when a survey is referred to. Data were
collected for statistical studies by interviewing. The percentages and means have been use in
the statistical method.
SOURCES OF DATA
1) Primary Data Source
2) Secondary Data Source
Both primary and secondary data sources have been used for data collection.
Primary Data Source-The major source of data was the “Primary source”
Primary data was collected from:-
 Depth Interview
 Survey-Questionnaire
The major source of data was from the primary source. The primary data was collected from
a sample of 60 customers in the age of between 20-30 years, by circulating the questionnaire
to the respondents.
46
Secondary source – Secondary data was collected from different journal and reports of Sony
products.
SAMPLING
SAMPLING PROCEDURE
 Universe Studied
The universe studies consisted of customer belonging to the age group of 20 to 40 years.
Sony Exclusive, Chandigarh.
 Sample Size
A sample of 60 customers between the age group of 20 to 50 years was selected, out of which
most of customer are between 20 to 30 years
 Variables to be studied
Buying behaviour pattern of customer, the attributes which the youth consider while making
a purchase.
 Sample Design
Sampling Method.
Probability sampling method was adopted where each element in the universe has
know/equal chance of getting selected.
Simple Random Sampling
Simple random sampling has been exercised. Simple random Sampling is the simplest
possible probability sampling method.
47
Objectives of Study
The objective of the summer training is to ensure that I as a management student develop in
real life for handling the specific project and also to develop all roundness in various
management activities related to the area of my specialization. This training gives me a
substantial corporate exposure and also serves as a useful tool of interaction with the
corporate sector.
The project has been derived from the field of ‘Marketing’ and is entitled as “Buying
Behavior/Need Analysis & Generation of Prospective Customer List for Sony Products in
Gurdaspur Tricity”. The main idea behind this project is:
 To get an overall view of the product sale, promotion and problem faced by SONY
Products.
 To make a knowledge about the market strategy of SONY in Gurdaspur Tricity.
48
Limitations
 Time was a limitation with the quantum of data collected, hence analysis became
difficult.
 The nature of project, which sometimes entered into personal zones like age, income
etc. created some difficulties during data collection.
 There could have been efforts on a much detailed scale, but since time was limited,
the scope got limited.
 As simple random sampling methods was adopted, the responders (units) selected by
simple random sampling method was from different places, this causes a great deal of
inconvenience.
 Sample which was taken for this Survey was only 60 due to time limitation and other
constraints.
49
CHAPTER-4
DATA ANALYSIS
AND
INTERPRETATION
50
Data Analysis and Interpretation
(A) Analysis of Questionnaire and discussion (PART-I)
The analysis has been carried out with respect to 9 vital questions
1) Age mix of sample. (Age [in years] + Gender) (3.1)
Age(in years) Below 20 20-30 30-40 40-50 Above 50 Total
Male Nil 20 21 3 Nil 44
Female 5 6 4 1 Nil 16
 Out of total of 60 respondents interviewed there are 44 male and 16 female.
 While analysis of the data it was found out that 5 female belong to the Age group of
below 20.
 While in the Age group of 20 to 30 there are 20 male and 6 female.
 In the Age group of 30 to 40 there are 21 male and 4 female respondents.
 But in the Age group of 40 to 50, only 3 male and 1 female have participated.
2) Educational profile of Respondents. (3.2)
Bhilai city is famous for his educational excellence, so I have decided to collect some
information about the respondent’s educational profile, so that marketer can understand
deeply which kind of consumers buy or interested for electronic gadget.
0 10 20 30 40 50
Male
Female
Below 20 20-30 30-40 40-50 Above 50
51
From the survey it was found that in city like Bhilai people are highly qualify, after studying
the respondents educational profile where out of 60 respondents, 53% are graduates and 26 %
are post graduates, so that it’s shows that people are highly qualified for using electronic
products.
Educational Profile Male Respondents.
Up to School Level 5%
Up to Higher Secondary 16%
Graduates 53%
Post Graduate 26%
3) Family Size of the Respondents.(3.3)
 While doing the survey It was found that there are 30 respondents whose family size
is less then 4 member
 While 25 respondents has chosen the option of 4 to 6 members in there family
 Remaining 5 have selected the option of more then 6 member in there family.
Educational profile
up to school level,
5%
up to H.S., 16%
Graduates, 53%
post Graduate,
26%
up to school level up to H.S. Graduates post Graduate
52
Family Size Respondents.
Less then 4 Member 30
4 to 6 Member 25
More then 6 Member 5
Total 60
4) Monthly Income of the Respondents. (3.4)
It was found that most of the respondents who have participated in the survey are belong to
the income group of below 10,000 and 10,000-15,000 monthly income.
Income Respondents.
Below 10,000 18%
10.000-15,000 22%
15,000-25,000 13%
Above 25,000 7%
Total 60
Family Size
less then 4
member, 30, 50%
4 to 6 member,
25, 42%
More then 6
member, 5, 8%
less then 4 member 4 to 6 member More then 6 member
53
5) Awareness of Respondents for SONY Products. (3.5)
 It was found that most of the respondents are aware of SONY Ericsson, Cyber-Shot
and Handycam.
 But in the compression of these three above products respondents are lacking
awareness of the SONY Products.
6) Respondents interested to buy Sony Products. (3.6)
Again we have found the same result when we have analyzed the respondents interest to buy
Sony products where 30% respondents has say that they wanted to buy SONY Ericsson and
25% respondents wants to purchase SONY WEGA.
Monthly Income
Below 10,000,
18%
10.000-15,000,
22%
15,000-25,000,
13%
Above 25,000, 7%
Below 10,000
10.000-15,000
15,000-25,000
Above 25,000
Awarness
Sony Ericsson, 36%
Wega, 12%
Handycam, 14%
Playstation, 9%
Walkman, 7%
Vaio, 3%
X-plod, 1%
Cyber-Shot, 14%
Bravia, 2%
Sony hi-fi, 2%
Bravia Cyber-Shot Vaio X-plod Handycam
Playstation Walkman Sony Ericsson Wega Sony hi-fi
54
But in the case of buying the Cyber-Shot and Handycam respondents have show less interest
as comparing to the previous question asked awareness of SONY Products.
7) Place where the respondents wanted to purchase Sony Products.(3.7)
It has been notice that most of the respondents wanted to purchase SONY products from
Multi-Brands counters, behalf of this choice respondents has replied that when visiting Multi-
Brand counters, they get other company products too from where they can compare the
SONY products with other company products.
Counters SONY World SONY Exclusive
Multi-Brand
Counters Total
Interested Customer 10 15 35 60
Interest
Sony hi-fi
4%
WEGA
25%
Sony Ericsson
30%
Walkman
8%
Playststion
4%
Handycam
8%
X-plod
2%
Vaio
3%
Cyber-shot
10%
Bravia
6% Bravia
Cyber-Shot
Vaio
X-plod
Handycam
Playstation
Walkman
Sony Ericsson
WEGA
Sony hi-fi
10
15
35
0
5
10
15
20
25
30
35
SONY
WORLD
SONY
EXCLUSIVE
Multi-Brand
counters
Intrested customer
55
8) Factor that are influence respondents to purchase SONY Products.(3.8)
By the survey it has been notices that the most important factors that influence the
respondents were the company brand name and products feature.
Rank Factors
1st Company brand name
2nd Product feature
3rd Promotion activities
4th Influenced by others
5th Price
6th Services
9) When Respondents prefer to buy SONY products. (3.9)
 It was found that most of the respondents wanted to purchase products in the offers
schemes, where buyer enjoy most of the benefits after purchase the products.
 So it has been noted that respondents mostly wanted to purchase the products in the
periods of discount offers which is given by company or Dealers to its customers.
Offers Interested Respondents
Sale Offer 20%
Discount Offer 50%
Finance Offer 30%
Factors that influenced
product feature,
29%
Company brand
name, 37%
promotion
activities, 8%
Influenced by
others, 16%
Price, 7%
Services, 3%
Company brand name product feature promotion activities
Influenced by others Price Services
56
B) Analysis of Questionnaire and discussion [SONY BRAVIA (PART-II)]
1) Respondents are aware of which BRAVIA models. (3.10)
2) This features Respondents like in the S Series model. (3.11)
Interested Responders
Sale offer, 20%
Discount offer,
50%
Finance offer, 30%
Sale offer Discount offer Finance offer
4
15
35
5 1
0
10
20
30
40
W Series V Series S Series X Series G Series
Popular Series BRAVIA
Popular Series
57
While analyzing which is the best model of BRAVIA LCD, so our most of the respondents
has replied the S series model, out of 60 respondents 35 respondents has choice the S series
the best one.
Mean while 15 respondents have choice V series as the best one, where as 4 and 5
respondents has made their choice for the W Series and X Series respectively.
And in the case of G Series only 1 respondent has shown interest.
Know the objective was to find out which features influence respondents to choice S Series
Model. It was noted that price and picture quality are those feature which make S series so
popular among the respondents.
HYPOTHESIS TESTING FOR SAMPLE TAKEN FROM SURVEY.
Sample taken from 60 respondents.
(Sample) These features make S series so popular.
Features Performance
(1)
Colours
[x.v.colour]
(2)
Service
(3)
Picture
Quality
(4)
Audio
(5)
Price
(6)
Responders 6 12 4 15 3 20
By applying x2 (chi-square) test.
What make S series so Popular
Service, 4
Picture Quality, 15
Audio, 3
Price, 20
Performance, 6
Colours [x.v.
colour], 12
Performance Colours [x.v. colour] Service Picture Quality Audio Price
58
Solution -
Let take the hypothesis that the sample is unbiased. If that is so, the probability of obtaining
any one of the six numbers is 1/6 and as such the expected frequency of any one number
coming upward is 60 x 1/6 = 10.Now writing the observed frequencies along with expected
frequencies and work out the value of x2 as follows:
Features
Observed
frequency
Expected
frequency (O-E) (O-E)2 (O-E)2/E
1 6 10 -4 16 1.6
2 12 10 2 4 0.4
3 4 10 -6 36 3.6
4 15 10 5 25 2.5
5 3 10 -7 49 4.9
6 20 10 10 100 10
Chi-
square= 23
Hence, the calculated value of x2 = 23
▼ Degree of freedom in the given problem is
(η – 1) = (6 – 1) = 5
The table value of x2 for 5 degrees of freedom at 5 per cent level of significance is 11.071.
Comparing calculated and table value of x2 , we find that calculated value is more than the
table value and as such could have arisen due to fluctuations of sampling. The result, thus,
not support the hypothesis and it can be concluded that the sample is biased.
What make BRAVIA S Series Model so popular?
Uncompromised Superb Picture quality
BRAVIA S series TV is designed to bring your images to life unlike you’ve experienced in
conventional television. BRAVIA S series Full HD 1080 resolution and advanced BRAVIA
Engine will ensure that every image retains its full visual beauty, while Sony’s unique Live
Colour Creation technology brings out deep vibrant colour tones and motion flow 100Hz
ensures that you receive remarkably smooth action and sports scenes. All of this technology
culminates to display a perfect image on BRAVIA S series 10- bit panel for an experience
that you just can’t find anywhere else.
59
Audio Empowered
Through years of innovation and research, Sony has come to produce S-Force Front Surround
for a complete surround sound experience from just the front speakers of your BRAVIA S
series. Along with the exciting new voice Zoom technology which allows you control over
the dialogue and voices of your television viewing, Sony is taking the television experience
to unheard of levels.
Sophisticated Design
In today’s high class society, the experience would not be complete without a modern and
well designed frame to show it off to the world. BRAVIA S series starts with the amazing
floating glass design created from the ground up by Sony’s lead engineers and expands on the
concept with a premium midnight blue finish. This enhanced styling makes BRAVIA S series
stand out as the centre of attention in any living space.
BRAVIA Engine
BRAVIA S series TV is renowned for its colour quality and clarity of detail, unmatched by
any other TV. At the heart of the BRAVIA S series TV is the BRAVIA Engine, a unique
fully digital processor. This engineering marvel processes and refines images from the source
for the final, beautiful, BRAVIA image.
Incredible Colour and Clarity
BRAVIA engine processes every image to ensure that you receive the deepest blacks, truest
colours and unmatched image clarity.
The BRAVIA Experience
This innovative image processor acts as a complete digital processing studio for every image
you view, for entertainment that is as remarkable and clear as it is in reality.
Ultra-Wide viewing Angle (178 ۫ )
60
This almost semi-circular viewing angle means the BRAVIA experience can be enjoyed from
many positions as well as by many more people seated in front of the BRAVIA S series LCD
TV.
Advanced Contrast Enhancer (ACE)
By reproducing fine levels of gradation and dynamically controlling the contrast of every
image, the Advanced Contrast Enhancer delivers superior light, mid and dark tones in every
scene. Now you can enjoy those deep dark scenes without sacrificing the brightness of the
lighter elements.
BRAVIA S series HD World
BRAVIA S series brings your entertainment experience together in one place. With unique
new technologies designed to enrich and enhance your experience, nothing delivers a
combination of visual and audio in-home experience quite as stylishly in the BRAVIA S
series. Below are the flowing Products.
 Play station
 VAIO
 HD Handycam
 Digital Broadcast
 Digital SLR α
 Cyber-shot
 Blu-ray Disc Player
Cinematic Experience
Delve into a surrounding theatrical experience with Sony technologies that deliver the most
realistic and captivating entertainment available. This way you can enjoy every film exactly
as it was originally intended on your BRAVIA S series LCD TV.
61
One Touch Entertainment
Watch as your entire entertainment system comes alive with the push of a single button! With
BRAVIA S series theatre Sync, each entertainment device synchronizes itself with the others
so that a single command can bring every system online and playing your favorite
programmes instantly.
Theatre Mode
Working in close collaboration with Sony Pictures Entertainment has allowed for the creation
of Sony’s Theatre Mode. As Sony’s authorized picture setting for films, this setting
accurately balances the colours of dark scenes and retains an appreciable amount of “film-
grain”, so you experience every film exactly the way the director intended!
(c) Analysis of Questionnaire and discussion [Sony Cyber-Shot (PART-III)]
1) Respondents are aware of which model of Cyber-shot (3.14)
2) This feature influence Respondents to switch to take Cyber-Shot DSC-S series.
(3.15)
18
12
4
26
0
5
10
15
20
25
30
DSC-W series DSC-T series DSC-H series DSC-S series
Popular model of Cyber-Shot
Popular model of Cyber-Shot
62
While analyzing which is the best Series in Cyber-Shot, most of our respondents replied the
DSC-S series. Out of 60 respondents 26 respondents chose the DSC-S series as the best one.
Meanwhile, 18 respondents chose DSC-W series as the best one, whereas the other12 and 4
responders gave their choice to the DSC-T series and DSC-H series respectively.
Now the objective was to find out which features influence respondents to choose DSC-S
series. It was noted that price of DSC- S series make itself as the most popular series
comparing to other models.
What make DSC-S Series so popular
Lens, 1
Internal Memory, 1
Weight (excluding
accys), 6
Recording Movie
modes, 2
ISO sensititivity, 2
Scene selection
modes, 3
Battery life, 5
Imaging
processor, 1
Effective Mega
pixels, 4
Zoom, 2
CCD size, 1
LCD monitor, 2
face Detection, 2
Colour Mode, 3
Body size(M x H x
D)mm, 4
Macro Focus
Range, 5
Supplied
Accessories, 5
Price, 11
Effective Mega pixels Imaging processor Lens
Battery life ISO sensititivity Scene selection modes
Recording Movie modes Weight (excluding accys) Internal Memory
Zoom CCD size LCD monitor
face Detection Colour Mode Body size(M x H x D)mm
Macro Focus Range Supplied Accessories Price
63
Chapter 5
Finding and Suggestion
64
Findings and Suggestions
 Marketers should innovating new products with unique features having some
multipurpose utility which could create an appeal to the customers, for example,
company can manufacture those Cyber-Shot cameras having the capacity of 30 to 40
GB hard Disk memory which record up to 20Hrs to 27Hrs of video Recording as
Hard Disk Drive Handy-cam can do.
 In case of price, price of products should not be too high. Marketer should follow the
strategy of ‘Good quality and services in fewer prices’. That can attract customers.
 It was seen that generally customers like to visits those outlets which are frequently
visited by other customers, customers generally prefer Multibrands counters because
lots of products can be seen at on place (including Sony products), so Sony Exclusive
have to sharp look on the updated version Sony products at there showroom.
 Regarding promotion marketers Sony Exclusive must build up unique imagery appeal
for their Sony products through advertisement (For example like Sony has an imagery
of quality).
 More intense research works should be initiated, studying the specific needs and
attributes sorted by the customer for different kinds of product categories.
65
Conclusion
Before taking up the aspect of respondents buying behaviour, few points about the sample are
to be considered.
 The sample size was 60, consisting the Chandigarh Sector 8,9,35 areas, Mohali phase
7 and Panchkula sector 11,14.
 Respondents mainly belong to the age groups 20 to 30 years.
 Respondents mainly belong to the Monthly income group of 10,000 – 15,000.
 Most of the respondents are Graduates and Post Graduates.
 All respondents are resident of Chandigarh Tricity.
 Sample consists of youth belonging to different socio-economic group. But a majority
of respondents belonged to the premium class.
It is important to consider these points because the conclusions are valid for this population
only.
By the age Mix Sample it was found that most of the respondents are male how want to
purchase those products how are technically very advanced as per the launched of new
products came they rush to Sony outlets (Sony Exclusive or Multi-Brand counters) to buy
those products, as comparing to female they have less interest in products advancement as
compared to there necessity requirement. Most of respondents who belong to the monthly
income group of Rs10,000 – Rs15,000 buy the Sony products from finance scheme which is
offered by Sony India private Limited.(0 % Finance offer)
The roles played by members of the family varies with demographics parameters as well as
with the typed of products. While a number of psychological variables are useful in obtaining
into consumer's psyche, it is worthwhile to probe into some specific aspects of consumer
decision making in order to formulate marketing strategies. CDM enables marketers to
visualize a broad framework of stage and apply psychological or/ and group variables to a
specific product/ market/ brand situation. The influencer plays an important role in CDM.
Unlike the organizational buying process, in the case of a family, the influencer do not
usually have expertise but assume their respective roles on the basis of the family dynamics
66
Bibliography
Books
 Broadbridge A, Marshall J,” International Retail & Distribution Management”,
Consumer complaint behaviour,Emerald Group Publishing Limited, Volume
23, Number 9, 1995 , pp. 8-18(11)
 Malhotra .K Naresh,”Marketing Research”,Pearson Publishing Limited,Volume 5,pp.
533-545.
 Kotler Philip, “Marketing Management”,8th Edition, June, 1995, Page no. 172-197.
 Schiffiman Leon G. and Leslie Layas Kanuk, “Consumer Behaviour”, 6th Edition,
1997, Market Segmentation, Page no. 48-64, Consumer Behaviour, Page no. 376-392,
Consumer Decision Making, Page no. 503-508.
 Neal Mc, James V, An Introduction to consumer behaviour, New York, Willey 1973
Sharma, D. D. Marketing research, New Delhi, Sultan Chand & Sons, 1999
Article/Journal
 Bolton Ruth N, and. Drew James H,” A Multistage Model of Customers' Assessments
of Service Quality and Value: Journal of Consumer Research Inc.”,Vol no5,no2(June
1991 pages123-187)
 Dwyer FR, Schur PH , “Service quality, customer satisfaction, and customer value: A
holistic perspective International Journal of Hospitality Management”,Vol. 18,
no1,( March 1999, Pages 67-82)
 Nancy D. Albers-Miller,” Consumer misbehavior: why people buy illicit goods:
Journal of Consumer Marketing”,Vol.16,(1999)
 Saeed Samiee “,Customer Evaluation of Products in a Global Market; Journal of
International Business Studies”, Vol. 25,(1994)
67
Websites
 Sony India Private Limited official Website (www.sony.co.in)
 http://www.sciencedirect.com/science
 http://www.ingentaconnect.com/content/mcb
 http://www.emeraldinsight.com/Insight/viewContentItem
 http://www.ibef.org/artdisplay.aspx?cat_id=391&art_id=18049
68
ANNEXURE
.
69
“COMSUMER BUYING BEHAVIOUR OF SONY PRODUCTS IN
GURDASPUR”
Please put a tick (√) in appropriate brackets.
PART - I
1. Age (in years)
Below 20 ( ) 20 – 30 ( )
3 0 - 40 ( ) 40 - 50 ( )
50 Years & above ( )
2. Gender
Male ( ) Female ( )
3. Educational Profile
Up to School level ( ) Up to H.S ( )
Graduates ( ) Post Graduate ( )
4. Family Size
Less then 4 member ( ) 4 to 6 member ( )
More Then 6 member ( )
5. Monthly Income (in Rupees)
Below 10,000 ( ) 15,001 – 25,000 ( )
10,001 – 15,000 ( ) Above 25,000 ( )
6. Did you know about SONY Products?
Bravia ( ) Handycam ( )
Cyber-Shot ( ) Playstation ( )
Vaio ( ) Walkman ( )
X-plod ( ) Sony Ericsson ( )
7. Which product you have buyed in SONY or having interested to buy it? (Tick 3 product)
Bravia ( ) Handycam ( )
Cyber-Shot ( ) Playstation ( )
Vaio ( ) Walkman ( )
X-plod ( ) Sony Ericsson ( )
WEGA ( ) Sony hi-fi ( )
70
8. From where you like to buy the SONY Product and Why?
Sony World ( ) Sony Exclusive ( )
Multi-Brand counter ( )
Why?
………………………………………………………………………………………….
…………………………………………………………………………………………..
9. Rank the factor that influence you to purchase SONY products in the scale of
1 to 6, (1being the highest and 6 being the lowest)
Company brand name ( ) Promotion activities ( )
Product feature ( ) Price ( )
Services ( ) Influenced by others ( )
Any other (Please specify)
…………..…………………......................
10. When you prefer to buy Sony products?
Sales offer ( ) Discount offer ( )
Any other (Please specify) …………………………………………….
11. View about Sony products?
………………………………………………………………………………
.……………………………………………………………………………...
Personal Details:
Name:…………………… age:
71
PART - II
SONY BRAVIA.
1. Are you aware of BRAVIA Models?
W series ( ) X series ( )
V series ( ) G series ( )
S series ( )
2. Which model or home theatre series you have purchased or interested to buy and
Why?
BRAVIA models (Starting Onwards*)
W series ( ) X series ( )
[MRP Rs. 64,990 /-*] [MRP Rs. 179,900 /-*]
V series ( ) G series ( )
[MRP Rs. 52,990 /-*] [MRP Rs. 24,990 /-*]
S series ( )
[MRP Rs. 34,990 /-*]
Why?
…………………………………………………………………..........
………………………………………………………………………..
BRAVIA Theater
DAV-DZ777 ( ) DAV-DZ570 ( )
DAV-DZ370 ( ) DAV-DZ270 ( )
Why?
…………………………………………………………………..........
………………………………………………………………………..
3. Which features you like in BRAVIA?
Performance ( ) Picture Quality ( )
Colours [x.v.colour] ( ) Audio ( )
Service ( ) Any other ……………………...
(Please Specify)
Why?
…………………………………………………………………..........
………………………………………………………………………..
4. View about SONY BRAVIA?
…………………………………………………………………..........
-----------------------------------------------------------------------------------------------------
72
PART - III
SONY CYBER-SHOT.
1. Are you aware of CYBER-SHOT Models?
DSC- W150 ( ) W170 ( ) W300 ( )
[MRP Rs. 15,990/-] [MRP Rs. 17,990/-] [MRP Rs. 19,990/-]
DSC- W110 ( ) W120 ( ) W130 ( )
[MRP Rs. 10,990/-] [MRP Rs. 12,990/-] [MRP Rs. 14,990/-]
DSC- T70 ( ) T300 ( )
[MRP Rs. 14,990/-] [MRP Rs. 19,990/-]
DSC- T2 ( )
[MRP Rs. 17,990/-]
DSC- H10 ( ) H20 ( )
[MRP Rs. 15,990/-] [MRP Rs. 19,990/-]
DSC- S730 ( ) S750 ( )
[MRP Rs. 8,990/-] [MRP Rs. 9,990/-]
2. Which series of CYBER-SHOT you have purchased or interested to buy and
Why?
DSC- S730 ( ) DSC- W110 ( )
DSC- T2 ( ) DSC- H10 ( )
Any other (please Specify)………………….....................................................
Why?
…………………………………………………………………..........………
………………………………………………………………………………..
3. In your CYBER-SHOT what features due you want? [Tick out 12]
Effective Mega pixels ( ) Zoom ( )
Imaging Processor ( ) CCD Size ( )
Lens ( ) LCD Monitor ( )
Battery Life ( ) Image Stabilizer ( )
ISO Sensitivity ( ) Face Detection ( )
HD Output ( ) In-Camera Editing ( )
Scene Selection Modes ( ) Colour Mode ( )
Recording Movie Modes ( ) Body Size (M x H x D) mm ( )
73
Weight (excluding accys) ( ) Macro Focus Range ( )
Internal Memory ( ) Supplied Accessories ( )
Any other (please Specify)…………………..................................
4. View about SONY CYBER-SHOT?
…………………………………………………………………........................
…………………………………………………………………………………
…………………………………………………………………………………
74

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Charan

  • 1. 1 A PROJECT REPORT ON Consumer Buying Behaviour of Sony Products in Gurdaspur. Submitted to Punjab Technical University in the partial fulfilment of the requirement for the degree of Master of Business Administration Submitted By:- Charnjeet Roll No.-105312250936 Specialization: Marketing & finance Submitted To:- Lec: - Sanjeev Manjotra Lec:-S.S. Tagger
  • 2. 2 CERTIFICATE THIS IS TO CERTIFY THAT THE THESIS ENTITLED,”A STUDY REGARDING CONSUMER BUYING BEHAVIOUR OF SONY PRODUCTS IN GURDASPUR SUBMITTED FOR THE DEGREE OF MBA, FOR THE PUNJAB TECHNICAL UNIVERSITY,JALANDHAR,IS A BONAFIDE RESEARCH WORK CARRIED OUT BY CHARANJEET (105312250936) UNDER MY SUPERVISION AND THAT NO PART OF THIS THESIS HAS BEEN SUBMITTED FOR ANY OTHER DEGREE. THIS ASSISTANCE AND HELP RECEIVED DURING THE COURSE INVESTIGATION HAVE BEEN FULLY ACKNOWLEDGED. Prof. Sanjeev Manjotra
  • 3. 3 ACKNOWLEDGMENT This humble endeavour bears the imprint of many persons who were in one way or the other helpful in the completion of my project report. I would like to take this opportunity to present my vote of thanks to my guides who acted as lighting pillars to enlighten my way through out this project. This project would not have been possible without the kind assistance and guidance of many people who indeed were helpful, cooperative and kind during the entire course of my project. The acknowledgment would not be complete without expressing my indebtedness to my revered and learned faculty guide Prof. Sanjeev Manjotra who guided me in this project and was the constant source of reference for us and showed full interest at each and every step of our project. CHARNJEET MBA IV Sem.
  • 4. 4 D DE EC CL LA AR RA AT TI IO ON N I hereby declare that this final project report titled “Buying Behaviour/Need Analysis & Generation of Prospective Customer List for Sony Products in Gurdaspur.” is the result of my own effort in the training which I did as a part of the curriculum, for the fulfillment of MASTER OF BUSINESS ADMINISTRATION (MBA) degree. It has not been duplicated from any other earlier works and all information provided in this report is genuine. This report is submitted for the partial fulfilment of MBA program. It has not been submitted to any other university or for any other degree. Charnjeet Date: ROLL. NO. 105312250936 Place: MBA 4th SEMESTER
  • 5. 5 TABLE OF CONTENTS TITLE PAGE NO. CHAPTER-1 INTRODUCTION 1-29 Executive Summary 2 Understanding the buying behaviour of consumer 4 Indian consumer durable industry 11-19 Trends favouring the growth of consumer durables 20-23 About the Sony organization 24-29 CHAPTER-2 REVIEW LITERATURE 30-33 CHAPTER-3 RESEARCH METHODOLOGY 34-44 CHAPTER-4 DATA ANALYSIS AND INTERPRETATION 45-62 Analysis of Bravia 54-58 Analysis of cyber shot 59-62 CHAPTER-5 CONCLUSION 63-65 BIBLIOGRAPHY 66-67 ANNEXURE 68-73
  • 6. 6 LIST OF TABLES S.No. Table Page No. 1.1 Structure of the Indian Consumer Market 11 1.2 Key Consumer Durables-Share by volume 12 1.3 Service Network of IFB 35 1.4 Complaint Table 57 1.5 Product Category Complaints 58 1.6 Washing Machine Complaints 59 1.7 Major & Minor Complaints 60 1.8 Major Complaints 61 1.9 Minor Complaints 62 2.0 Servicing Complaints 63 2.1 AMC Refusal Reasons 70 2.2 Enquiry Resolve Solution 72 2.3 Model Of Dishwasher 75 2.4 Satisfaction Level Regarding Quality Of Dishwashers 75
  • 7. 7 2.5 Satisfaction Level Regarding Services Of Dishwashers 78 2.6 Satisfaction Level Regarding Performance Of Dishwashers 80 2.7 Satisfaction Level Regarding Durability Of Dishwashers 82 2.8 Type Of Maintenance Contract 84 2.9 Type Of Additives 86 3.0 Sources Of IFB Additives 87 3.1 Comparative Analysis Of Service Charges 90 3.2 Comparative Analysis Of Spare Parts Charges 90 3.3 Comparative Analysis Of AMC Charges 91 3.4 Comparative Analysis Of Wash Care Additives 91
  • 9. 9 Executive Summary One of the most recognized brand names in the world today, Sony Corporation, Japan, established its operations in India in November 1994, focusing on the sales and marketing of Sony products in the country. In a span of 12 years Sony India has exemplified the quest for excellence in the world of digital lifestyle becoming the country’s foremost consumer electronics brand. With relentless commitment to quality, consistent dedication to customer satisfaction and unparalleled standards of service, Sony India is recognized as a benchmark for new age technology, superior quality, digital concepts and personalized service that has ensured loyal customers and nationwide acclaim in the industry. In India, Sony has its footprint across all major towns and cities through a distribution network comprising of over 7000 channel partners, 215 Sony World and Sony Exclusive outlets and 21 direct branch locations. Manned by customer friendly and informed sales persons, Sony’s exclusive stores ‘Sony World’ are fast becoming the most visible face of the company in India.
  • 10. 10 Introduction One of the most recognized brand names in the world today, Sony Corporation, Japan, established its India operations in November 1994, focusing on the sales and marketing of Sony products in the country. In a span of 12 years Sony India has exemplified the quest for excellence in the world of digital lifestyle becoming the country’s foremost consumer electronics brand. With relentless commitment to quality, consistent dedication to customer satisfaction and unparalleled standards of service, Sony India is recognized as a benchmark for new age technology, superior quality, digital concepts and personalized service that has ensured loyal customers and nationwide acclaim in the industry. In India, Sony has its footprint across all major towns and cities through a distribution network comprising of over 7000 channel partners, 215 Sony World and Sony Exclusive outlets and 21 direct branch locations. Manned by customer friendly and informed sales persons, Sony’s exclusive stores ‘Sony World’ are fast becoming the most visible face of the company in India. Sony India also has a strong service presence across the country with 21 company owned and 172 authorized service centers. A distinctive feature of Sony’s service is its highly motivated and well-trained staff that provides the kind of attentive and sensitive service that is rare today. Sony is committed to ensuring that both the products and the marketing activities employed truly make a difference to people’s lifestyles and offer them new dimensions of enjoyment and an experiences which are ‘like no other’.
  • 11. 11 Understanding The Buying Behaviour Of Consumers Definition Purchase decision making pattern that is a complex amalgam of needs and desires, and is influenced by factors such as the consumer's (1) societal role (parent, spouse, worker, etc.), (2) social and cultural environment and norms, and (3) aspirations and inhibitions. Buying Behavior is in the Advertising, Marketing, & Sales and Purchasing & Procurement subjects. Buying Behaviour appears in the definitions of the following terms: marketing research, advertisement (ad), ACORN, economic environment, activities, interests, opinions (AIO) and consumer research. Buying Behaviour appears in these other term: consumer buying behaviour. (2.4) Model of Buying Behaviour Marketing Other Buyer’s Buyer’s Buyer’s Stimuli Stimuli Characteristics Decision Decision Process Product Economic Cultural Problem recognition Product choice Price Technological Social Information Search Brand choice Place Political Personal Evaluation Dealer choice Promotion Cultural Psychological Decision Purchase timing Post purchase Purchase amount Behaviour When I have analyzed the model of buying Behaviour finding that people of Bhilai are influenced by the marketing stimuli (4 P’s) people are focused on price rather than product, place and promotion, other factor which influenced people is the technological advancement.
  • 12. 12 (2.5) Detailed Model of Factors Influencing Behaviour Cultural Culture Social Personal Reference Groups Psychological Cycle Stage Motivation Subculture Family Economic Perception Circumstances Learning Life Style Beliefs and Attitudes BUYER Roles and Statuses Personality and Social Class Self Concept Reference groups can have potent influence on behaviour in general, and they may also be very influential on consumer behaviour, considering the ‘Consumer Goods Segment’. Family and friends in specific are considered before making a decision about purchasing a product. But their purchase decision depends completely on self-opinion. Where reference groups’ influence is operative, the advertiser should stress not only the people who buy the product but also those who influenced the purchasing decision. The process may be viewed as starting when the consumer engages in problem recognition. Problem recognition occurs when the consumer is activated by awareness of a sufficient difference between his / her concept of ideal situation. The action occurs only when the consumer perceives a sufficiently large discrepancy between the actual and ideal states. Given that the consumer is aroused to action, the next state is internal search for a quick and largely unconscious review of memory for stored information and of an experience regarding the problem. This information in the form of beliefs and attitude influence the consumer’s preference towards band. If an internal search does not provide sufficient information about
  • 13. 13 products, or how to evaluate them, the consumer continues with a more involved external search for information. Any information stimuli are then subjected to information processing activities. This process involves allocating attention to available stimuli, deriving meaning from these stimuli. The alternating evaluation phase involves comparing the information gained in the search process for alternative product and brands to the product judging criteria on standards the consumer has developed. When such a comparison leads to favourable evaluations, the consumer is likely to develop a purchase intention towards that alternative that received the most favourable evaluation. A purchase process follows strong purchasing intentions. This involves a series of selection, including the type of retail outlet as well the specific brand on service to use. The consumer’s purchase then leads to various outcomes. One such outcome is satisfaction as a result of direct experience in using the brands. Satisfaction will affect the consumer’s belief about the brand. Other outcome is dissatisfaction and post sale doubt. Many ad agencies conducted an in-depth study of consumer buying behaviour and found that they all crave for peer acceptance and parental non-influence. Beyond this they are an enigma.
  • 14. 14 Set of Action Taken By SONY To Impact On Buying Behaviours. Sony India Pvt. ltd was established on 17th November 1994 in New Delhi with branch offices all over India. It is a subsidiary of Sony Corporation of Japan. The word Sony is a combination of two words 'sonus' and 'sonny'. Sonus is a Latin word that represents words like sound or sonic whereas Sonny means a son. In 1958 it became Sony Corporation to have worldwide expansion. Now Sony is a leader in almost every product and the most recognized name in India. It has constantly lived up to the expectation of consumers by giving products with latest technology, digital concepts and for its par excellent customer services. Sony has also won Avaya Global connect Customer Responsiveness Award in 2006. The award had been given for Sony's understanding in customer behaviour, identifying new opportunities and exceeding customers' expectation. While giving this award, the work regarding customer policies was also recognized. The growth of the company in India can be shown through ever increasing sale revenues. The sale revenue generated in the year 2007 was Rs. 596 Crore that had an increase of 26% compared to the sales revenue of 2006. Sony has the most diverse portfolio in consumer durables in India. Sony makes many products and almost every Indian home has one or two products of Sony. The deals in the following and many more: o Televisions, o Hi-fi Audios o Home Theater systems and DVD players o Personal Audio (CD/Cassette Radio Players and Walkman) o Audio Video Accessories o Car Audio and Visual Systems o Notebooks, o Gaming Consoles o Camcorders and Digital Still Cameras o Digital Imaging Accessory (Batteries, Chargers, Microphone, Photo Printers),
  • 15. 15 o Mobile Phones o Recording Media and Energy Devices o Broadcast and Professional products Sony's recent products TFT monitors, plasma monitors, LCD projectors, PC speakers and storage media services are distributed through retailer, corporate partner and IT retail outlet. The latest camcorder Sony DCR-SR90E, is really getting popular in India has 30 GB storing capacity and has recording time of 21 hours. It has built in Dolby Digital 5.1ch surrounds microphone. Sony has recently entered by Vaio in Indian Notebook market available in Sony's retail outlets across the nation and later on IT channels will be used to distribute it. Along with Sony Digital Cameras, variety of handy cams will be launched. Yet another milestone is the invention of 11-inch an extremely thin next generation TV display with OLED (Organic light emitting diode) technology. This has been launched in the Indian market The company's profile is so strong in India and world that people don't go in the details while buying any product manufactured by Sony. 'The name speaks' tag is very much true for Sony in India. Sony celebrates 14th-19th June as Sony days in various outlets. Special offers, attractive prices and discounts are offered during these days. Even this multinational company is providing employment to many in India. Recently Sony India opened its Software Center in Bangalore. Sony World in Pune is the largest showroom of Sony in India. It has all the latest products and provides excellent services. To know more on the latest information on the launch of product, dealers and retailers in India their website sony.co.in can be checked. In this the full list of service centers, manuals, and announcements etc regarding different products are given in detail. Full emphasis is given on the customer services. There is no second thought that Sony is a leading name in Consumer durables in India with ever-increasing graph.
  • 16. 16 Marketing Implications Marketers should realize that today’s customers are an aware lot and they have an attitude. The consumer goods market is a sensitive market one that has to be handled with a great deal of care. The rules are simple  Do not overstate  Do not be obvious  Do not patronize Instead of giving the customers respect and freedom to make their own choice, the marketer should synchronize their product and service value with customer attitudes. The marketers should dare to be different and unconventional, so that their products click, if they were targeted at the customer special youth, who in turn are willing to experiment with something new. The marketer should understand the customer to have a strong sense of identification and a sense of attitude that they sniff out of imaging. It has been observed that offering value addition also works in the youth market. Sony should initiate research in different product categories and this should take into consideration the brand likeability, appeals. What has to be kept in mind is that the product should have an emotional appeal and should click the target group.
  • 17. 17 SWOT ANALYSIS STRENGTHS 1. Presence of established distribution networks Sony Exclusive in Chandigarh Tricity. 2. Presence of well-known brands. 2. In recent years, Sony Exclusive and Multi-Brand counters has increased its share in the Chandigarh Tricity market against Grey market. WEAKNESSES 1. Demand is seasonal and is high during festive season. 2. Demand is less in the month of June and July. 3. Poor spending on infrastructure (Display) as compared to Sony World in Raipur. 4. Low purchasing power of consumers. OPPORTUNITIES 1. In Gurdaspur Tricity, the penetration level of Consumer goods is lower. 2. Unexploited rural market. 3. Rapid urbanization. 4. Increase in income levels, i.e. increase in purchasing power of consumers. 5. Easy availability of finance (Sony 0% finance Offer) THREATS 1. Higher price of products as compared to other companies’ products may drives the customer switch to other company products. 2. Service which is given by Sony Service Gurdaspur Tricity is not completely satisfactory.
  • 19. 19 Indian Consumer Durables Industry A major appliance, or domestic appliance, is usually defined as a large machine which accomplishes some routine housekeeping task, which includes purposes such as cooking, food preservation, or cleaning, whether in a household, institutional, commercial or industrial setting. An appliance is differentiated from a plumbing fixture because it uses an energy input for its operation other than water, generally using electricity or natural gas/propane. An object run by a watermill would also be considered an appliance. The term white goods is also used for these items, primarily where British English is spoken, although definitions for the term "white goods" can differ. In the United States, the term white goods more commonly refers to linens rather than appliances. Major appliances are differentiated from small appliances because they are large, difficult to move, and generally fixed in place to some extent. They are often considered fixtures and part of real estate and as such they are often supplied to tenants as part of otherwise unfurnished rental properties. Another frequent characteristic of major appliances is that they may have substantial electricity requirements that necessitate special electrical wiring to supply higher current than standard electrical outlets can deliver. This limits where they can be placed in a home. Major appliances have become more technically complex from the control side recently with the introduction of the various Energy Labelling rules across the world. This has meant that the appliances have been forced to become more and more efficient leading to more accurate controllers in order to meet the regulations. Major appliances may be roughly divided into refrigeration equipment, stoves, washing equipment, and miscellaneous. Indian consumer durables market used to be dominated by a few domestic players like Godrej, Allwyn, Kelvinator, and Voltas. But post-liberalization many foreign companies have entered into India, dethroning the Indian players and dominating the market. The major categories in the market are CTVs, refrigerators, air-conditioners and washing machines.
  • 20. 20 The Consumer Durables industry consists of durable goods and appliances for domestic use such as televisions, refrigerators, air conditioners and washing machines. Instruments such as cell phones and kitchen appliances like microwave ovens are also included in this category. The sector has been witnessing significant growth in recent years, helped by several drivers such as the emerging retail boom, real estate and housing demand, greater disposable income and an overall increase in the level of affluence of a significant section of the population. The industry is represented by major international and local players such as BPL, Videocon, Voltas, Blue Star, MIRC Electronics, Titan, Whirlpool, etc.The consumer durables industry can be broadly classified into two segments: Consumer Electronics and Consumer Appliances. Consumer Appliances can be further categorised into Brown Goods and White Goods. Types of appliances Appliances may be divided into categories called "white goods" and "brown goods" in British English.  Brown goods are typically small household electrical entertainment appliances such as: CD and DVD players Televisions Camcorders Still cameras HiFi and home cinema Telephones etc.  White goods comprise major household appliances and may include: Air Conditioner
  • 21. 21 Dishwasher Clothes Dryer Washing Machine Microwave Oven etc. Some types of brown goods were traditionally finished with or looked like wood or bakelite. This is now rather rare, but the name has stuck, even for goods that are unlikely ever to have been provided in a wooden case (e.g. camcorders). White goods were typically painted or enamelled white, and many of them still are. The addition of new items to these categories shows that the categories still serve a purpose in marketing. This division is also noticeable in the service area of these kinds of products. Brown goods usually require high technical knowledge and skills (which get more complex with time, such as going from a soldering iron to a hot-air soldering station), while white goods need more practical skills and "brute force" to manipulate the devices and heavy tools required to repair them. There is usually a problem with microwave ovens, because these sell alongside refrigerators and dishwashers, but microwave ovens contain complex electronic boards (the clock and controller) which white-good servicemen refuse to repair (as they don't have the training or tools required to do so). Some brands send whole boards for replacement, and some have them repaired by such technicians. Indian consumer durables market used to be dominated by a few domestic players like Godrej, Allwyn, Kelvinator, and Voltas. But post-liberalization many foreign companies have entered into India, dethroning the Indian players and dominating the market. The major categories in the market are CTVs, refrigerators, air-conditioners and washing machines.India being the second fastest growing economy with a huge consumer class has resulted in consumer durables as one of the fastest growing industries in India. LG and Samsung, the
  • 22. 22 two Korean companies have been maintaining the lead in the industry with LG being the leader in almost all the categories. Korea's major consumer electronics manufacturers show continued robust growth in the Indian market for home appliances. According to a recent survey conducted by GfK Marketing Services, one of the world's top-five market research companies, LG Electronics Inc. was found to lead in India's five major home appliances categories; color televisions, refrigerators, washing machines, air conditioners and microwave ovens, during the April- June period. LG-brand air conditioners held a 41 percent market share, televisions 26.7 percent, refrigerators 29.4 percent, washing machines 35.1 percent and microwave ovens 38.9 percent. Televisions rose 2.3 percent, while refrigerators and washing machines rose 3.4 percent and 2.7 percent respectively, from a year ago. Samsung Electronics followed LG Electronics in the Indian home appliances market, with a 14.4 percent market share in colour televisions, 16 percent in air conditioners and 18.6 percent in microwave ovens during the April-June period. Although in India's optical machinery market Samsung Electronics was found to lead with its computer monitors and CD-ROM drives. Meanwhile, in the audio markets, the two electronic makers fell behind competitors such as Sony and Phillips. Sony and Phillips had a 42.8 percent and a 34.1 percent market share, respectively. Samsung and LG trailed with 11 percent and 5.7 percent, respectively, in India's audio market. "Although encountering severe competition from foreign rivals in India, a nation with enormous potential, LG Electronics is leading the Indian market for major home appliances every year," said Kim Gwang-ro, president of LG Electronics' South West Asian branch. "We will continue to push the boundaries of our first-rated electronic products through localization and product differentiation," he added.
  • 23. 23 The Indian branch of LG Electronics plans to achieve its goal of $10 billion in sales by 2010 with an investment of $150,000,000 to 2007. On the other hand, Samsung Electronics said it will focus on increasing brand recognition and value though its high-end product lines rather than attaching itself to simple, numerical sales volume in the Indian market. The company is restructuring its business segments in the Indian market to more concentrate on high value- added production. India, as one of the four BRICs nations, along with Brazil, Russia and China, is running an average of 7 percent annual economic growth, mostly driven by a growing IT sector. Some experts predict that India will become the world's largest economy by 2035. The rural market is growing faster than the urban markets, although the penetration level in rural area is much lower. The CTV segment is expected to the largest contributing segment to the overall growth of the industry. The rising income levels, double-income families and increasing consumer awareness are the main growth drivers of this industry. (in millions of households) Consumer Classes (Annual income Rs) 1996 2001 2008 Change The rich (Rs.215, 000 and more)i 1.2 2 6.2 416% The Consuming Class (Rs. 45-215,000) 32.5 54.6 90.9 179% The Climbers (Rs. 22-45, 000) 54.1 71.6 74.1 37% The Aspirants (Rs.16-22, 000) 44 28.1 15.3 -65% The Destitute (below Rs. 16,000) 33.2 3.4 12.8 -61% Total 164.8 180.7 199.2 21% Source: NCAER Table1.1-Structure of the Indian Consumer Market Industry Size, Growth, Trends The consumer durables market in India was estimated to be around US$ 5.5 billion in 2007- 08. More than 7 million units of consumer durable appliances have been sold in the year 2007-08 with colour televisions (CTV) forming the bulk of the sales with 30 per cent share of volumes. CTV,refrigerators and Air-conditioners together constitute more than 60 per cent of the sales in terms of the number of units sold.
  • 24. 24 Table-1.2-Key Consumer Durables-Share by volume In the refrigerators market, the frost-free category has grown by 8.3 per cent while direct cool segment has grown by 9 per cent. Companies like LG, Whirlpool and Samsung have registered double-digit growth in the direct cool refrigerator market. In the case of washing machines, the semi-automatic category with a higher base and fully-automatic categories have grown by 4 per cent to 526,000 units and by 8 per cent to 229,000 units, respectively. In the air-conditioners segment, the sales of window ACs have grown by 32 per cent and that of split ACs by 97 per cent. Consumer Electronics The CTV production was 15.10 million units in 2007-08 and is expected to grow by at least 25 per cent. At the disaggregated level, conventional CTV volumes have been falling while flat TVs have grown strongly. Market sources indicate that most CTV majors have phased out conventional TVs and have been instead focusing more on flat TVs. The flat segment of TVs now accounts for over 60 per cent of the total domestic TV production and is likely to be around 65 per cent in 2007-08. High-end products such as liquid crystal display (LCD) and plasma display CTV grew by 400 per cent and 150 percent respectively in 2006–07 following a sharp decline in prices of these products and this trend is expected to continue.
  • 25. 25 The audio/video player market has seen significant growth rates in the domestic market as prices have dropped. This trend is expected to continue through 2007-08, as competition is likely to intensify to scale and capture the mass market. White Goods Increased consumer demand is expected to boost the white goods segment to achieve production levels of US$ 5.09 billion by the end of 2007-08 against US$ 4.54 billion in 2006- 07, with a growth rate of 12.5 per cent. Air-Conditioners Growth in the white goods segment was largely driven by the Air-conditioner (AC) segment. Within this, split ACs have been the main growth drivers, recording a growth of over 90 per cent in 2007. Growth, albeit at a slower rate. of 32 per cent, has also been experienced in the segment of window ACs. The window AC segment is slightly less organised as compared to split AC segment. The market for air-conditioners is divided quite uniformly across customer segments, with about 45 per cent share for private sector corporates, 20 per cent for domestic use, 15 per cent each for public sector companies and government use and5 per cent for hospitals. Washing Machines The sales of washing machines have grown from about 780,000 units to 2,348,000 units during the period, fiscal year 1999 to 2008, registering a near 12.2 per cent annual growth rate. The washing machine market may be segmented into semi-automatic and fully automatic machines. Semiautomatic washing machines enjoy a dominant share of 85 per cent. Fully automatic washing machines have been gaining share as a consequence of product improvement, competitive pricing and resultant convenience. However, semi-automatic machines will continue to play a major role in the Indian market for quite sometime. Fully automatic washing machines have been the growing at 44.5 per cent and semi-automatic segment, at about 18 percent. The entry of MNCs has widened the range to more than 10 brands with a proliferation of models, while
  • 26. 26 ensuring technology upgradation. A visible impact of this churn has been the exit of a few established players from the market. GROWTH OF WASHING MACHINES UNITS FROM 2002-2008 SOURCE-NCAER Refrigerators Refrigerators are one of the most sought after appliances in Indian middle class homes. The refrigerator market has two segments: Direct Cool and the relatively new Frost-Free type. The market for refrigerators in 2006-07 was about 6.5 million units. The growth of refrigerator segment is projected to be between 18 to 22 per cent over the next 5 years. A critical success factor for the refrigerator market, given its widespread use, is deeper reach into the market and increased penetration. Recently, the market is getting reinforced by the replacement segment as well. 0 500000 1000000 1500000 2000000 2500000 Series1
  • 27. 27 Trends Favouring the Growth of the Consumer Durables Industry The key trends that impact the Indian Consumer Durables Industry today are reflected in the diagram and discussed separately in the following sections. Increasing Share of Organised Retail The urban and rural markets in India are growing at an annual rate of 7 to 10 per cent and 25 per cent respectively. One of the key enablers of this growth has been the increasing penetration of organised retail. While there are established distribution networks in both rural and urban India, the presence of well-known brands and organised sector is increasing. At present around 96 per cent of the more than 5 million retail premises of all types in India are smaller than 50 sq mtrs. This situation is, however, transforming. Shopping malls are
  • 28. 28 becoming increasingly common in Indian cities, and based on plans announced by key developers, a proliferation of new malls is expected over the next three years. Although many of the new malls would be much smaller than their western counterparts, Indian consumers will have a far larger number of attractive, comfortable, brand-conscious outlets in which to shop. As a result, the organised retail industry is expected to cover a market share of 15 to 18 percent by the end of 2010, from just 3 per cent at present. This will have a positive impact on the consumer durables industry, as organised retailing would not only streamline the supply chain, but also facilitate increased demand, especially for high-end and branded products. Narrowed Price Gap and Increased Affordability of Products Advanced technology and increasing competition is narrowing the price gap between products in this sector, which has driven demand and enabled high growth. Products that were once beyond the reach of the middle class Indian are now affordable to many. Growth in demand for products, once considered luxuries, such as air-conditioners, washing machines and high end CTVs, is a reflection of this phenomenon. Entry of Large Players Increasing Competition With potential heavyweight retail stores like Croma, E Zone and Reliance Digital, the high- end segment has been exposed to a new form of purchase, allowing the consumer to feel/experience the product in a suitable ambience (significant in decision-making). Part of the growth momentum in high-end segments of consumer electronics could be attributed to the competitive evolution of organised retail, stimulating the demand through exposure to high end shopping experiences. Income Growth and Structural Changes Apart from steady growth in income of consumers, consumer financing has become a major driver in the consumer durables industry. In the case of more expensive consumer goods, such as refrigerators, washing machines, colour televisions and personal computers, retailers are marketing their goods more aggressively by providing easy financing options to the
  • 29. 29 consumers by partnering with banks. While this is aimed at the lower and middle income groups, the higher income groups are also being attracted by opportunity. Distribution and Service Network As the market spreads out from saturated urban regions to low penetration rural areas and tier II/III towns, distribution network and brand recognition will continue to play ever more significant roles in determining market share and profitability. The market for consumer durables is moving towards a stage where it could soon be defined “as broad as it can be reached”. The central government plans of making electricity available for all by 2012, will also open up immense opportunities for the consumer durables segment. Rupee Appreciation Raw material cost constitutes more than 75 per cent of expenditure incurred by consumer durable manufacturers in India. The rapid appreciation of rupee vis-à-vis the US dollar in 2007 is expected to ease raw materials costs for Indian manufacturers and benefit those addressing the domestic market.
  • 30. 30 Key Players Of ConsumerDurables Industries
  • 32. 32 Sony's Story It was in 1946 that Masaru Ibuka and Akio Morita together with a small team of passionate and committed group of employees started to build “Tokyo Tsushin Kenkyujo” (Totsuko) or “Tokyo Telecommunications Research Institute” into the billion dollar global conglomerate that it is today. The main objective of the company was to design and create innovative products which would benefit the people. From early attempts at creating products like the rice-cooker to the later success of creating Japan’s first magnetic recorder, the innovative company went on to create other hit products which won the company widespread recognition and international acclaim as a truly global company known for its quality and innovative products. Significant product milestones included Japan’s first transistor radio (1955), Trinitron colour television (1968), Walkman personal stereo (1979), Handycam video camera (1989), PlayStation (1994), Blu-ray Disc recorder (2003) and PlayStation 3 (2006). The company name of Sony was created by combining two words of “sonus” and “sonny”. The word “sonus” in Latin represents words like sonic sound. The other word “sonny” means little son. Used in combination, Sony is supposed to represent a very small group of young people who have the energy and passion towards unlimited creations and innovative ideas. With the far-sight of expanding worldwide, it was in 1958 that the company formally adopted “Sony Corporation” as its corporate name. Easy to pronounce and read in any language, the name Sony, which has a lively ring to it, fits comfortably with the spirit of freedom and open- mindedness.
  • 33. 33 List of SONY Products  BRAVIA The era of High Definition has arrived and Sony’s Bravia LCD TVs are here to help you fully enjoy its advantages. Innovation, creativity and technology come into play in the creation of our LCD TVs, bringing an unprecedented level of realism and stunning clarity to your movies, both visually and aurally. With slim and stylish designs, Bravia LCDs can fit anywhere in your home. Additional features like faster response time and PC connectivity help create the full entertainment experience.  X Series Precision colour reproduction and high quality screen resolution are the key factors when creating the Bravia X-Series. Including features like a Full HD (1920 x 1080) LCD panel, Live Colour Creation and Sony’s intelligent picture enhancement technology- the Bravia Engine, your movies will come alive. The X-Series also offers astounding stereo sound to match the spectacular visuals, providing you a wholesome entertainment experience. Watching movies at home is never the same again.  W Series The era of High Definition has arrived and Sony’s Bravia LCD TVs are here to help you fully enjoy its advantages. Innovation, creativity and technology come into play in the creation of our LCD TVs, bringing an unprecedented level of realism and stunning clarity to your movies, both visually and aurally. With slim and stylish designs, Bravia LCDs can fit anywhere in your home. Additional features like faster response time and PC connectivity help create the full entertainment experience.  V Series Enjoy stunning image quality and convenience with Sony’s LCD Bravia V-Series, which on top of an unprecedented degree of detail, also provides high connectivity, thanks to the
  • 34. 34 HDMI input that allows you to link up to any other HD sources like Blu-ray players, PlayStation 3 gaming console and HD camcorders. It delivers an uncompressed, all digital audio/ video interface between your Bravia TV and any HDMI-equipped audio/video components. Turn your viewing into an incredible experience now.  S Series The Sony Bravia LCD S-Series follows in the Sony Bravia line of high performance and stylish LCD TVs. Thanks to Sony’s unique S-PVA technology; you can now enjoy vivid colours, wide viewing angles and quick response time. Designed to be versatile, the S-Series is equipped with an extensive range of input interfaces; the PC input allows your TV to double up as a computer monitor; while with HDMI, you can hook your TV up with other compatible players. Experience the world of high definition now.  G Series With Sony’s Bravia LCD G series, you get to enjoy stylish design and superior image and sound quality. Be it for home or office use, you will find the G-series a great addition. The TVs come with user-friendly navigation, convenient front mounted controls, and an easily comprehensible remote control. You can also adjust the angle of the TV to suit viewers’ position with the base stand that can tilt, or choose to mount it on the wall with the Sony wall mounting bracket.  Home Theatre System Combining the latest in video and audio technologies, Sony has developed a series of Home Theatre Systems that provides you with an enhanced home theatre experience. Our up scaling DVD players ensure the delivery of the best in video performance while our Digital Signal Processing guarantees a surround sound environment. Some are even compatible with the latest digital television and have dedicated audio input for connecting to your portable digital music players.  Cyber-shot (Digital Camera) Everyone can be a photographer with the wide range of Cyber-shot cameras of Sony that aim to provide you utmost satisfaction. Packed with plentiful features like Super Steady Shot,
  • 35. 35 High Sensitivity and Real Imaging Processor, you can be sure that each of our Cyber-shot cameras delivers a superior performance. To complement their functions, Sony has also developed a series of accessories that specifically caters to the Cyber-shot range.  Handycam (Video Camera) It doesn’t matter if you are making family videos, filming documentaries or developing feature films. Whatever the purpose, we have the right kind of camcorder you need and can afford. Sony’s Handycam® Camcorders have a variety of different features and functions that help deliver spectacular video performances of stunning clarity.  VAIO Combining form, function and the latest in technology, Sony provides a range of IT and computing devices, storage media, accessories and peripherals to better serve all your IT needs.  PlayStation Gaming would not be the same without the invention of the Sony PlayStation series. In addition to the highly popular PlayStation 2, there’s the handy PlayStation Portable and next- generation console PLAYSTATION 3. Powerful consoles must be accompanied with compelling games, and Sony offers games of all genres to match your gaming preference.  X-plod If you spend long hours in your car everyday, it’s important to equip it with enough entertainment so that you’ll never have a dull moment. Car audio entertainment need not be limited to just your favourite radio stations or CDs. Thanks to Sony Xplod mobile entertainment technology, you can enjoy music from more sources. You now can even experience visual entertainment with our innovative Touch-Screen Multimedia Centre receiver. Riding the car is never the same experience again.
  • 36. 36  Hi-Fi System Audiophiles need look no further than Sony’s selection of high-power Hi-Fi Systems that can fill your whole room with high quality stereo sounds, thanks to superb speakers and powerful components.  Sony Ericsson With Sony Ericsson’s colourful and innovative collection of mobile phones, you can definitely find one that will fit into your lifestyle, budget and shows off your character. We’ve also created a series of handy mobile phone accessories so you can spruce up your mobile phone’s appearance, prevent it from damage, or enhance its usage  WEGA (CRT) TV It’s all about features, quality, style and price with Sony’s CRT TVs. Our range of CRT TVs offer analog and digital high-definition inputs, superior audio features and picture-enhancing technologies for superior visual and aural results.
  • 38. 38 “Gardner, Meryl Paula(1985)” The mediating role of mood states and their potential importance to consumer behavior research are examined through the creation of a conceptual framework. A review of previous psychological research shows that mood states affect behavior, evaluation and recall both directly and indirectly. These effects are examined to find their range and limitations, and their implications for consumer behavior are studied in three areas: service encounters, point-of-purchase stimuli, and the content and context of communications. The feasibility and viability of mood-related approaches to marketing research and practice are also discussed. “P.S. Raju, Associate Professor, School of Business, College of Business and Public Administration, University of Louisville, Louisville, Kentucky, USA(1990)” This article develops a model of Consumer behaviour in international markets is a topic that is still not well understood. Proposes a framework, called the A-B-C-D paradigm. Suggests that a marketer examine four stages – access, buying behaviour, consumption characteristics, and disposal – covering the entire spectrum of consumer behaviours with respect to a product/service. The paradigm is universally applicable to any particular culture or country of interest. Since there has been no comprehensive examination of consumer behaviour in eastern Europe and the Third World, focusses on using the A-B-C-D paradigm to gain a better insight into consumer behaviour in these countries. Offers recommendations to companies wishing to market their products in these countries. “SaeedSamiee(1994)” The author proposes and tests that In a global marketplace, the competitive position of firms is determined by many factors. One critical consideration that influences this position is the number of competing brands and their acceptance by customers. The developed nations constitute the biggest markets in the world, which annually import hundreds of billions of dollars worth of foreign products. In addition, there has been a proliferation of foreign brands that are manufactured or assembled and marketed in these nations by local and foreign-based
  • 39. 39 finns. Customers everywhere can choose from a set of brands that includes foreign- manufactured or licensed products covering every conceivable product category, from foods, toys, and apparel to automobiles, computers, and industrial robots. Quite understandably, many such brands have achieved an enviable market position. Nevertheless, the marketing of such a large number of foreign brands leads to the issue of whether customers are sensitive to and concerned about where products and/or brands are manufactured or originate. The literature in this area, generically labeled as "country-of-origin," has almost invariably revealed some source-country-related bias toward non-domestic products [Bilkey and Nes 1982]. The implied rationale behind the close scrutiny of the country-of-origin issue is its utility as a predictor of customer attitudes and subsequent choice behavior. Researchers have examined this phenomenon for over twenty-five years. Not surprisingly, with so many studies and research designs, some have produced conflicting results (see Table 1). Marketing scholars remain intensely interested in studying this phenomenon and, as this line o... “Nancy D. Albers-Miller(1999)” Trade in contraband amounts to billions of dollars each year, and yet the buyers of these products are still a mystery. The purpose of this study was to model the decision to purchase illicit goods, using four predictor measures: product type, buying situation, perceived criminal risk, and price. Part-worth conjoint analysis was used to obtain individual weights of main effects and selected interaction effects on the willingness to purchase. Individual respondents evaluated the purchase of illicit goods differently. Cluster analysis was used to segment the respondents. Discriminant analysis was used to assess variable importance. The overall model was shown to be significant. Although the results varied by cluster, the main effects of product type, buying situation and price were all significant predictors of willingness to buy. The interactions of risk with product type and price with product type were also significant predictors for some clusters. “John Fong and Suzan Burton(2005)” The important influence of peer recommendations on consumer purchases has been strongly established. However, the growth of electronic discussion boards has recently created an additional channel for product recommendations and endorsements between people who have never met, and anecdotal reports suggest that such recommendations can be influential in subsequent choice. This study examines and compares recommendations on digital camera electronic discussion boards within US and China based websites. The analysis showed a
  • 40. 40 significant country of origin effect among users of a Chinese web site, in the form of a significantly higher frequency of negative references to brands originating from Japan. Information seeking behaviour was also found to vary between the two sites, with users of the China based website more likely to request information, thus possibly increasing the likelihood of, and influence of, online word-of-mouth for users of this website. “Ron Edwards, Anne-Marie Gut and Felix Mavondo(2006)” The author has investigated that the Academic studies of buyer reaction to unpopular political events in the country of origin of products have focused on consumer markets. This paper aims to extend Klein, Ettenson and Morris' [Klein, J., Ettenson, R., & Morris, M. (1998). The animosity model of foreign product purchase: An empirical test in the People's Republic of China. Journal of Marketing, 62(1), 89–101] concept of consumer animosity to industrial markets by comparing industrial and consumer buyer reaction to the nuclear tests conducted by France in the Pacific in the mid-1990s. It investigates whether firms in the B2B sector were affected more than those in B2C markets, whether entry mode was significant, and examines the way in which firms in the two market sectors responded. The results show that buyer animosity was less pronounced in industrial than in consumer markets. They also show that entry mode can influence the experience of animosity. “Yasmin van Kasteren(2007)” In consumer societies, individual impact on the environment is largely mediated by consumer behaviour. Consumer behaviour (sustainable or not) is rarely just the result of discrete personal decisions aimed at maximising utility, it is rather the result of complex socio- cultural negotiations about who, and what we are reflecting shared lifestyles and values. Current approaches do not fully capture the difficulty and complexity involved in changing consumer behaviour (Jackson, 2004) and offer only a partial explanation of environmentally responsible behaviour. In this paper I take a critical look at the literature on environmentally responsible behaviour and propose a theoretical understanding of sustainable consumer behaviour focusing on socio-cultural constructs. Specifically, I propose building on the work of Deci and Ryan to link the personal and social dimensions of values and identity to sustainable consumer behaviour and outcomes through the concept of intrinsic and extrinsic motivation.
  • 42. 42 ResearchMethodology NeedFor Study The study aims to understand the major factors influencing the buying behavior and analysis of the prospective customer’s for Sony products. This study will give insights to the marketer that would help the markets to understand the consumer segment and increase the buying pattern and general satisfaction level of this target group. This helps the marketing people to arrive at meaningful ways to promote Sony products. PROBLEM DEFINITION “Studying Buying Behavior/Need Analysis & Generation of Prospective Customer List for SONY Products” My study was conducted in Chandigarh Tricity which is a potentially growing to consumer durable. SONY has all sorts of outlets (SONY Exclusive & Multibrands counters) where people comes to see the electronic gadget and spend their money to purchase these gadget (Products) Especially youth (20-30 years of age) are often considered to be interested to buy the SONY products due to the advanced technology and Brand image. The study undertaken revealed that the segment belonging to 30-40 years of age group consider that the SONY products are very costly. They also feel that the after sale service which is given by the Company is not as good in comparison with the amount charged for the goods. The population of Chandigarh Tricity is vast and it is 12,25,837 in 2008. The youth population is also sizeable enough. Since today the pace of change is not easy to recognize, it is not possible simply for the marketer to judge the taste, decision, trend, feature and pattern of consumer purchases. So my research problem is associated with the turbulent of change in technology.
  • 43. 43 RESEARCH OBJECTIVE 1. To study the buying pattern of people towards consumer goods. 2. To determine the major factors influencing the buying decision process of the target group. 3. To set out some basic marketing implications for the marketers to cater to different needs of the targets group. 4. To have some insights on the relationship between marketing stimuli and youth responses. 5. To serve as guideline for further research in this area. INFORMATION REQUIRED 1) What is the profile of customer in Chandigarh Tricity with respect to products and services they purchase and the places they visit? 2) Which outlets/places are visited by them to purchase SONY products? 3) On what products and services do they spend most? 4) What are the sources of information for purchase of products? 5) How much do they spend? 6) How do they spend? 7) What are the basic factors influencing their buying decision process? RESERCH DESIGN 1) Aim of Study. The study aims to understand the major factors influencing the buying behaviours and analysis the prospective customer’s for SONY products. 2) Purpose of Study. This study is being made for summer training (Topic given -“Studying Buying Behaviour/Need Analysis & Generation of Prospective Customer List for SONY Products”) 3) Place of Study-Chandigarh Tricity 4) Data Collection.  The data which has been chosen for this report was primary data and secondary data.
  • 44. 44  For the collection of data I have targeted the Chandigarh Sector 35,8,9 Mohali phase 7,Punchkula Sector 11,14 , Sectors areas due to heavy purchase of SONY products in this area.  The study takes place from 10 Feb to 24th March2009.  Data has been collected by preparing a set of questionnaire. 5) Sample Design.  I have taken the sample design of 60.  T- test is based on t- distribution and is considered an appropriate test for judging the significance of a sample mean.  Chi-square is an important non-parametric test and as such no rigid assumptions are necessary in respect of the type of population. 6) Data Analyzed. Data will be analyzed through survey which is going to be held in some part of Bhilai. 7) Report Writing. Report is going to be prepared in case of descriptive and diagnostic research studies, where descriptive research studies are those studies which are concerned with describing the characteristics of particular individual, or of a group, whereas diagnostic research studies determine the frequency with which something occurs or its association with something else. The studies concerning whether certain variables are associated are of diagnostic research studies. As against this, studies concerned with specific predictions, with narration of facts and characteristics concerning individual, group or situation are all examples of descriptive research studies.
  • 45. 45 Hypothesis On the basis of the Diagnostic research conducted, the following hypothesis has been drawn.  Family is most important influencers for the individual customer for making a purchase decision.  Buying behaviours of customer whose monthly income is between 10.001-15,000 is different from those customers whose monthly income is above then 25,000. Descriptive Studies – has been carried out, the objective of descriptive study was to find answer to questions like-“Who, what, where and when”. In conducting descriptive study statistical method has been adopted. Statistical Method – has been applied, as statistical method is the most widely used method in marketing research and is the method usually implied when a survey is referred to. Data were collected for statistical studies by interviewing. The percentages and means have been use in the statistical method. SOURCES OF DATA 1) Primary Data Source 2) Secondary Data Source Both primary and secondary data sources have been used for data collection. Primary Data Source-The major source of data was the “Primary source” Primary data was collected from:-  Depth Interview  Survey-Questionnaire The major source of data was from the primary source. The primary data was collected from a sample of 60 customers in the age of between 20-30 years, by circulating the questionnaire to the respondents.
  • 46. 46 Secondary source – Secondary data was collected from different journal and reports of Sony products. SAMPLING SAMPLING PROCEDURE  Universe Studied The universe studies consisted of customer belonging to the age group of 20 to 40 years. Sony Exclusive, Chandigarh.  Sample Size A sample of 60 customers between the age group of 20 to 50 years was selected, out of which most of customer are between 20 to 30 years  Variables to be studied Buying behaviour pattern of customer, the attributes which the youth consider while making a purchase.  Sample Design Sampling Method. Probability sampling method was adopted where each element in the universe has know/equal chance of getting selected. Simple Random Sampling Simple random sampling has been exercised. Simple random Sampling is the simplest possible probability sampling method.
  • 47. 47 Objectives of Study The objective of the summer training is to ensure that I as a management student develop in real life for handling the specific project and also to develop all roundness in various management activities related to the area of my specialization. This training gives me a substantial corporate exposure and also serves as a useful tool of interaction with the corporate sector. The project has been derived from the field of ‘Marketing’ and is entitled as “Buying Behavior/Need Analysis & Generation of Prospective Customer List for Sony Products in Gurdaspur Tricity”. The main idea behind this project is:  To get an overall view of the product sale, promotion and problem faced by SONY Products.  To make a knowledge about the market strategy of SONY in Gurdaspur Tricity.
  • 48. 48 Limitations  Time was a limitation with the quantum of data collected, hence analysis became difficult.  The nature of project, which sometimes entered into personal zones like age, income etc. created some difficulties during data collection.  There could have been efforts on a much detailed scale, but since time was limited, the scope got limited.  As simple random sampling methods was adopted, the responders (units) selected by simple random sampling method was from different places, this causes a great deal of inconvenience.  Sample which was taken for this Survey was only 60 due to time limitation and other constraints.
  • 50. 50 Data Analysis and Interpretation (A) Analysis of Questionnaire and discussion (PART-I) The analysis has been carried out with respect to 9 vital questions 1) Age mix of sample. (Age [in years] + Gender) (3.1) Age(in years) Below 20 20-30 30-40 40-50 Above 50 Total Male Nil 20 21 3 Nil 44 Female 5 6 4 1 Nil 16  Out of total of 60 respondents interviewed there are 44 male and 16 female.  While analysis of the data it was found out that 5 female belong to the Age group of below 20.  While in the Age group of 20 to 30 there are 20 male and 6 female.  In the Age group of 30 to 40 there are 21 male and 4 female respondents.  But in the Age group of 40 to 50, only 3 male and 1 female have participated. 2) Educational profile of Respondents. (3.2) Bhilai city is famous for his educational excellence, so I have decided to collect some information about the respondent’s educational profile, so that marketer can understand deeply which kind of consumers buy or interested for electronic gadget. 0 10 20 30 40 50 Male Female Below 20 20-30 30-40 40-50 Above 50
  • 51. 51 From the survey it was found that in city like Bhilai people are highly qualify, after studying the respondents educational profile where out of 60 respondents, 53% are graduates and 26 % are post graduates, so that it’s shows that people are highly qualified for using electronic products. Educational Profile Male Respondents. Up to School Level 5% Up to Higher Secondary 16% Graduates 53% Post Graduate 26% 3) Family Size of the Respondents.(3.3)  While doing the survey It was found that there are 30 respondents whose family size is less then 4 member  While 25 respondents has chosen the option of 4 to 6 members in there family  Remaining 5 have selected the option of more then 6 member in there family. Educational profile up to school level, 5% up to H.S., 16% Graduates, 53% post Graduate, 26% up to school level up to H.S. Graduates post Graduate
  • 52. 52 Family Size Respondents. Less then 4 Member 30 4 to 6 Member 25 More then 6 Member 5 Total 60 4) Monthly Income of the Respondents. (3.4) It was found that most of the respondents who have participated in the survey are belong to the income group of below 10,000 and 10,000-15,000 monthly income. Income Respondents. Below 10,000 18% 10.000-15,000 22% 15,000-25,000 13% Above 25,000 7% Total 60 Family Size less then 4 member, 30, 50% 4 to 6 member, 25, 42% More then 6 member, 5, 8% less then 4 member 4 to 6 member More then 6 member
  • 53. 53 5) Awareness of Respondents for SONY Products. (3.5)  It was found that most of the respondents are aware of SONY Ericsson, Cyber-Shot and Handycam.  But in the compression of these three above products respondents are lacking awareness of the SONY Products. 6) Respondents interested to buy Sony Products. (3.6) Again we have found the same result when we have analyzed the respondents interest to buy Sony products where 30% respondents has say that they wanted to buy SONY Ericsson and 25% respondents wants to purchase SONY WEGA. Monthly Income Below 10,000, 18% 10.000-15,000, 22% 15,000-25,000, 13% Above 25,000, 7% Below 10,000 10.000-15,000 15,000-25,000 Above 25,000 Awarness Sony Ericsson, 36% Wega, 12% Handycam, 14% Playstation, 9% Walkman, 7% Vaio, 3% X-plod, 1% Cyber-Shot, 14% Bravia, 2% Sony hi-fi, 2% Bravia Cyber-Shot Vaio X-plod Handycam Playstation Walkman Sony Ericsson Wega Sony hi-fi
  • 54. 54 But in the case of buying the Cyber-Shot and Handycam respondents have show less interest as comparing to the previous question asked awareness of SONY Products. 7) Place where the respondents wanted to purchase Sony Products.(3.7) It has been notice that most of the respondents wanted to purchase SONY products from Multi-Brands counters, behalf of this choice respondents has replied that when visiting Multi- Brand counters, they get other company products too from where they can compare the SONY products with other company products. Counters SONY World SONY Exclusive Multi-Brand Counters Total Interested Customer 10 15 35 60 Interest Sony hi-fi 4% WEGA 25% Sony Ericsson 30% Walkman 8% Playststion 4% Handycam 8% X-plod 2% Vaio 3% Cyber-shot 10% Bravia 6% Bravia Cyber-Shot Vaio X-plod Handycam Playstation Walkman Sony Ericsson WEGA Sony hi-fi 10 15 35 0 5 10 15 20 25 30 35 SONY WORLD SONY EXCLUSIVE Multi-Brand counters Intrested customer
  • 55. 55 8) Factor that are influence respondents to purchase SONY Products.(3.8) By the survey it has been notices that the most important factors that influence the respondents were the company brand name and products feature. Rank Factors 1st Company brand name 2nd Product feature 3rd Promotion activities 4th Influenced by others 5th Price 6th Services 9) When Respondents prefer to buy SONY products. (3.9)  It was found that most of the respondents wanted to purchase products in the offers schemes, where buyer enjoy most of the benefits after purchase the products.  So it has been noted that respondents mostly wanted to purchase the products in the periods of discount offers which is given by company or Dealers to its customers. Offers Interested Respondents Sale Offer 20% Discount Offer 50% Finance Offer 30% Factors that influenced product feature, 29% Company brand name, 37% promotion activities, 8% Influenced by others, 16% Price, 7% Services, 3% Company brand name product feature promotion activities Influenced by others Price Services
  • 56. 56 B) Analysis of Questionnaire and discussion [SONY BRAVIA (PART-II)] 1) Respondents are aware of which BRAVIA models. (3.10) 2) This features Respondents like in the S Series model. (3.11) Interested Responders Sale offer, 20% Discount offer, 50% Finance offer, 30% Sale offer Discount offer Finance offer 4 15 35 5 1 0 10 20 30 40 W Series V Series S Series X Series G Series Popular Series BRAVIA Popular Series
  • 57. 57 While analyzing which is the best model of BRAVIA LCD, so our most of the respondents has replied the S series model, out of 60 respondents 35 respondents has choice the S series the best one. Mean while 15 respondents have choice V series as the best one, where as 4 and 5 respondents has made their choice for the W Series and X Series respectively. And in the case of G Series only 1 respondent has shown interest. Know the objective was to find out which features influence respondents to choice S Series Model. It was noted that price and picture quality are those feature which make S series so popular among the respondents. HYPOTHESIS TESTING FOR SAMPLE TAKEN FROM SURVEY. Sample taken from 60 respondents. (Sample) These features make S series so popular. Features Performance (1) Colours [x.v.colour] (2) Service (3) Picture Quality (4) Audio (5) Price (6) Responders 6 12 4 15 3 20 By applying x2 (chi-square) test. What make S series so Popular Service, 4 Picture Quality, 15 Audio, 3 Price, 20 Performance, 6 Colours [x.v. colour], 12 Performance Colours [x.v. colour] Service Picture Quality Audio Price
  • 58. 58 Solution - Let take the hypothesis that the sample is unbiased. If that is so, the probability of obtaining any one of the six numbers is 1/6 and as such the expected frequency of any one number coming upward is 60 x 1/6 = 10.Now writing the observed frequencies along with expected frequencies and work out the value of x2 as follows: Features Observed frequency Expected frequency (O-E) (O-E)2 (O-E)2/E 1 6 10 -4 16 1.6 2 12 10 2 4 0.4 3 4 10 -6 36 3.6 4 15 10 5 25 2.5 5 3 10 -7 49 4.9 6 20 10 10 100 10 Chi- square= 23 Hence, the calculated value of x2 = 23 ▼ Degree of freedom in the given problem is (η – 1) = (6 – 1) = 5 The table value of x2 for 5 degrees of freedom at 5 per cent level of significance is 11.071. Comparing calculated and table value of x2 , we find that calculated value is more than the table value and as such could have arisen due to fluctuations of sampling. The result, thus, not support the hypothesis and it can be concluded that the sample is biased. What make BRAVIA S Series Model so popular? Uncompromised Superb Picture quality BRAVIA S series TV is designed to bring your images to life unlike you’ve experienced in conventional television. BRAVIA S series Full HD 1080 resolution and advanced BRAVIA Engine will ensure that every image retains its full visual beauty, while Sony’s unique Live Colour Creation technology brings out deep vibrant colour tones and motion flow 100Hz ensures that you receive remarkably smooth action and sports scenes. All of this technology culminates to display a perfect image on BRAVIA S series 10- bit panel for an experience that you just can’t find anywhere else.
  • 59. 59 Audio Empowered Through years of innovation and research, Sony has come to produce S-Force Front Surround for a complete surround sound experience from just the front speakers of your BRAVIA S series. Along with the exciting new voice Zoom technology which allows you control over the dialogue and voices of your television viewing, Sony is taking the television experience to unheard of levels. Sophisticated Design In today’s high class society, the experience would not be complete without a modern and well designed frame to show it off to the world. BRAVIA S series starts with the amazing floating glass design created from the ground up by Sony’s lead engineers and expands on the concept with a premium midnight blue finish. This enhanced styling makes BRAVIA S series stand out as the centre of attention in any living space. BRAVIA Engine BRAVIA S series TV is renowned for its colour quality and clarity of detail, unmatched by any other TV. At the heart of the BRAVIA S series TV is the BRAVIA Engine, a unique fully digital processor. This engineering marvel processes and refines images from the source for the final, beautiful, BRAVIA image. Incredible Colour and Clarity BRAVIA engine processes every image to ensure that you receive the deepest blacks, truest colours and unmatched image clarity. The BRAVIA Experience This innovative image processor acts as a complete digital processing studio for every image you view, for entertainment that is as remarkable and clear as it is in reality. Ultra-Wide viewing Angle (178 ۫ )
  • 60. 60 This almost semi-circular viewing angle means the BRAVIA experience can be enjoyed from many positions as well as by many more people seated in front of the BRAVIA S series LCD TV. Advanced Contrast Enhancer (ACE) By reproducing fine levels of gradation and dynamically controlling the contrast of every image, the Advanced Contrast Enhancer delivers superior light, mid and dark tones in every scene. Now you can enjoy those deep dark scenes without sacrificing the brightness of the lighter elements. BRAVIA S series HD World BRAVIA S series brings your entertainment experience together in one place. With unique new technologies designed to enrich and enhance your experience, nothing delivers a combination of visual and audio in-home experience quite as stylishly in the BRAVIA S series. Below are the flowing Products.  Play station  VAIO  HD Handycam  Digital Broadcast  Digital SLR α  Cyber-shot  Blu-ray Disc Player Cinematic Experience Delve into a surrounding theatrical experience with Sony technologies that deliver the most realistic and captivating entertainment available. This way you can enjoy every film exactly as it was originally intended on your BRAVIA S series LCD TV.
  • 61. 61 One Touch Entertainment Watch as your entire entertainment system comes alive with the push of a single button! With BRAVIA S series theatre Sync, each entertainment device synchronizes itself with the others so that a single command can bring every system online and playing your favorite programmes instantly. Theatre Mode Working in close collaboration with Sony Pictures Entertainment has allowed for the creation of Sony’s Theatre Mode. As Sony’s authorized picture setting for films, this setting accurately balances the colours of dark scenes and retains an appreciable amount of “film- grain”, so you experience every film exactly the way the director intended! (c) Analysis of Questionnaire and discussion [Sony Cyber-Shot (PART-III)] 1) Respondents are aware of which model of Cyber-shot (3.14) 2) This feature influence Respondents to switch to take Cyber-Shot DSC-S series. (3.15) 18 12 4 26 0 5 10 15 20 25 30 DSC-W series DSC-T series DSC-H series DSC-S series Popular model of Cyber-Shot Popular model of Cyber-Shot
  • 62. 62 While analyzing which is the best Series in Cyber-Shot, most of our respondents replied the DSC-S series. Out of 60 respondents 26 respondents chose the DSC-S series as the best one. Meanwhile, 18 respondents chose DSC-W series as the best one, whereas the other12 and 4 responders gave their choice to the DSC-T series and DSC-H series respectively. Now the objective was to find out which features influence respondents to choose DSC-S series. It was noted that price of DSC- S series make itself as the most popular series comparing to other models. What make DSC-S Series so popular Lens, 1 Internal Memory, 1 Weight (excluding accys), 6 Recording Movie modes, 2 ISO sensititivity, 2 Scene selection modes, 3 Battery life, 5 Imaging processor, 1 Effective Mega pixels, 4 Zoom, 2 CCD size, 1 LCD monitor, 2 face Detection, 2 Colour Mode, 3 Body size(M x H x D)mm, 4 Macro Focus Range, 5 Supplied Accessories, 5 Price, 11 Effective Mega pixels Imaging processor Lens Battery life ISO sensititivity Scene selection modes Recording Movie modes Weight (excluding accys) Internal Memory Zoom CCD size LCD monitor face Detection Colour Mode Body size(M x H x D)mm Macro Focus Range Supplied Accessories Price
  • 64. 64 Findings and Suggestions  Marketers should innovating new products with unique features having some multipurpose utility which could create an appeal to the customers, for example, company can manufacture those Cyber-Shot cameras having the capacity of 30 to 40 GB hard Disk memory which record up to 20Hrs to 27Hrs of video Recording as Hard Disk Drive Handy-cam can do.  In case of price, price of products should not be too high. Marketer should follow the strategy of ‘Good quality and services in fewer prices’. That can attract customers.  It was seen that generally customers like to visits those outlets which are frequently visited by other customers, customers generally prefer Multibrands counters because lots of products can be seen at on place (including Sony products), so Sony Exclusive have to sharp look on the updated version Sony products at there showroom.  Regarding promotion marketers Sony Exclusive must build up unique imagery appeal for their Sony products through advertisement (For example like Sony has an imagery of quality).  More intense research works should be initiated, studying the specific needs and attributes sorted by the customer for different kinds of product categories.
  • 65. 65 Conclusion Before taking up the aspect of respondents buying behaviour, few points about the sample are to be considered.  The sample size was 60, consisting the Chandigarh Sector 8,9,35 areas, Mohali phase 7 and Panchkula sector 11,14.  Respondents mainly belong to the age groups 20 to 30 years.  Respondents mainly belong to the Monthly income group of 10,000 – 15,000.  Most of the respondents are Graduates and Post Graduates.  All respondents are resident of Chandigarh Tricity.  Sample consists of youth belonging to different socio-economic group. But a majority of respondents belonged to the premium class. It is important to consider these points because the conclusions are valid for this population only. By the age Mix Sample it was found that most of the respondents are male how want to purchase those products how are technically very advanced as per the launched of new products came they rush to Sony outlets (Sony Exclusive or Multi-Brand counters) to buy those products, as comparing to female they have less interest in products advancement as compared to there necessity requirement. Most of respondents who belong to the monthly income group of Rs10,000 – Rs15,000 buy the Sony products from finance scheme which is offered by Sony India private Limited.(0 % Finance offer) The roles played by members of the family varies with demographics parameters as well as with the typed of products. While a number of psychological variables are useful in obtaining into consumer's psyche, it is worthwhile to probe into some specific aspects of consumer decision making in order to formulate marketing strategies. CDM enables marketers to visualize a broad framework of stage and apply psychological or/ and group variables to a specific product/ market/ brand situation. The influencer plays an important role in CDM. Unlike the organizational buying process, in the case of a family, the influencer do not usually have expertise but assume their respective roles on the basis of the family dynamics
  • 66. 66 Bibliography Books  Broadbridge A, Marshall J,” International Retail & Distribution Management”, Consumer complaint behaviour,Emerald Group Publishing Limited, Volume 23, Number 9, 1995 , pp. 8-18(11)  Malhotra .K Naresh,”Marketing Research”,Pearson Publishing Limited,Volume 5,pp. 533-545.  Kotler Philip, “Marketing Management”,8th Edition, June, 1995, Page no. 172-197.  Schiffiman Leon G. and Leslie Layas Kanuk, “Consumer Behaviour”, 6th Edition, 1997, Market Segmentation, Page no. 48-64, Consumer Behaviour, Page no. 376-392, Consumer Decision Making, Page no. 503-508.  Neal Mc, James V, An Introduction to consumer behaviour, New York, Willey 1973 Sharma, D. D. Marketing research, New Delhi, Sultan Chand & Sons, 1999 Article/Journal  Bolton Ruth N, and. Drew James H,” A Multistage Model of Customers' Assessments of Service Quality and Value: Journal of Consumer Research Inc.”,Vol no5,no2(June 1991 pages123-187)  Dwyer FR, Schur PH , “Service quality, customer satisfaction, and customer value: A holistic perspective International Journal of Hospitality Management”,Vol. 18, no1,( March 1999, Pages 67-82)  Nancy D. Albers-Miller,” Consumer misbehavior: why people buy illicit goods: Journal of Consumer Marketing”,Vol.16,(1999)  Saeed Samiee “,Customer Evaluation of Products in a Global Market; Journal of International Business Studies”, Vol. 25,(1994)
  • 67. 67 Websites  Sony India Private Limited official Website (www.sony.co.in)  http://www.sciencedirect.com/science  http://www.ingentaconnect.com/content/mcb  http://www.emeraldinsight.com/Insight/viewContentItem  http://www.ibef.org/artdisplay.aspx?cat_id=391&art_id=18049
  • 69. 69 “COMSUMER BUYING BEHAVIOUR OF SONY PRODUCTS IN GURDASPUR” Please put a tick (√) in appropriate brackets. PART - I 1. Age (in years) Below 20 ( ) 20 – 30 ( ) 3 0 - 40 ( ) 40 - 50 ( ) 50 Years & above ( ) 2. Gender Male ( ) Female ( ) 3. Educational Profile Up to School level ( ) Up to H.S ( ) Graduates ( ) Post Graduate ( ) 4. Family Size Less then 4 member ( ) 4 to 6 member ( ) More Then 6 member ( ) 5. Monthly Income (in Rupees) Below 10,000 ( ) 15,001 – 25,000 ( ) 10,001 – 15,000 ( ) Above 25,000 ( ) 6. Did you know about SONY Products? Bravia ( ) Handycam ( ) Cyber-Shot ( ) Playstation ( ) Vaio ( ) Walkman ( ) X-plod ( ) Sony Ericsson ( ) 7. Which product you have buyed in SONY or having interested to buy it? (Tick 3 product) Bravia ( ) Handycam ( ) Cyber-Shot ( ) Playstation ( ) Vaio ( ) Walkman ( ) X-plod ( ) Sony Ericsson ( ) WEGA ( ) Sony hi-fi ( )
  • 70. 70 8. From where you like to buy the SONY Product and Why? Sony World ( ) Sony Exclusive ( ) Multi-Brand counter ( ) Why? …………………………………………………………………………………………. ………………………………………………………………………………………….. 9. Rank the factor that influence you to purchase SONY products in the scale of 1 to 6, (1being the highest and 6 being the lowest) Company brand name ( ) Promotion activities ( ) Product feature ( ) Price ( ) Services ( ) Influenced by others ( ) Any other (Please specify) …………..…………………...................... 10. When you prefer to buy Sony products? Sales offer ( ) Discount offer ( ) Any other (Please specify) ……………………………………………. 11. View about Sony products? ……………………………………………………………………………… .……………………………………………………………………………... Personal Details: Name:…………………… age:
  • 71. 71 PART - II SONY BRAVIA. 1. Are you aware of BRAVIA Models? W series ( ) X series ( ) V series ( ) G series ( ) S series ( ) 2. Which model or home theatre series you have purchased or interested to buy and Why? BRAVIA models (Starting Onwards*) W series ( ) X series ( ) [MRP Rs. 64,990 /-*] [MRP Rs. 179,900 /-*] V series ( ) G series ( ) [MRP Rs. 52,990 /-*] [MRP Rs. 24,990 /-*] S series ( ) [MRP Rs. 34,990 /-*] Why? ………………………………………………………………….......... ……………………………………………………………………….. BRAVIA Theater DAV-DZ777 ( ) DAV-DZ570 ( ) DAV-DZ370 ( ) DAV-DZ270 ( ) Why? ………………………………………………………………….......... ……………………………………………………………………….. 3. Which features you like in BRAVIA? Performance ( ) Picture Quality ( ) Colours [x.v.colour] ( ) Audio ( ) Service ( ) Any other ……………………... (Please Specify) Why? ………………………………………………………………….......... ……………………………………………………………………….. 4. View about SONY BRAVIA? ………………………………………………………………….......... -----------------------------------------------------------------------------------------------------
  • 72. 72 PART - III SONY CYBER-SHOT. 1. Are you aware of CYBER-SHOT Models? DSC- W150 ( ) W170 ( ) W300 ( ) [MRP Rs. 15,990/-] [MRP Rs. 17,990/-] [MRP Rs. 19,990/-] DSC- W110 ( ) W120 ( ) W130 ( ) [MRP Rs. 10,990/-] [MRP Rs. 12,990/-] [MRP Rs. 14,990/-] DSC- T70 ( ) T300 ( ) [MRP Rs. 14,990/-] [MRP Rs. 19,990/-] DSC- T2 ( ) [MRP Rs. 17,990/-] DSC- H10 ( ) H20 ( ) [MRP Rs. 15,990/-] [MRP Rs. 19,990/-] DSC- S730 ( ) S750 ( ) [MRP Rs. 8,990/-] [MRP Rs. 9,990/-] 2. Which series of CYBER-SHOT you have purchased or interested to buy and Why? DSC- S730 ( ) DSC- W110 ( ) DSC- T2 ( ) DSC- H10 ( ) Any other (please Specify)…………………..................................................... Why? …………………………………………………………………..........……… ……………………………………………………………………………….. 3. In your CYBER-SHOT what features due you want? [Tick out 12] Effective Mega pixels ( ) Zoom ( ) Imaging Processor ( ) CCD Size ( ) Lens ( ) LCD Monitor ( ) Battery Life ( ) Image Stabilizer ( ) ISO Sensitivity ( ) Face Detection ( ) HD Output ( ) In-Camera Editing ( ) Scene Selection Modes ( ) Colour Mode ( ) Recording Movie Modes ( ) Body Size (M x H x D) mm ( )
  • 73. 73 Weight (excluding accys) ( ) Macro Focus Range ( ) Internal Memory ( ) Supplied Accessories ( ) Any other (please Specify)………………….................................. 4. View about SONY CYBER-SHOT? …………………………………………………………………........................ ………………………………………………………………………………… …………………………………………………………………………………
  • 74. 74