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ABSTRACT
Customer satisfaction is the state of mind that customers have about a company when
their expectations have been met or exceeded over the lifetime of the product or service. The
achievement of customer satisfaction leads to company loyalty and product repurchase.
Customer satisfaction levels can be measured using survey techniques and questionnaires.
Gaining high levels of customer satisfaction is very important to a business because satisfied
customers are most likely to be loyal and to make repeat orders and to use a wide range of
services offered by a business.
With the increase market study there is a cut through competition among the businessmen
in the industry some of the other major competitors in this area like Hyundai. Ford. Maruti
Suzuki, and Chevrolet. Hence there is a need for the study. The need or customer satisfaction is
necessary for ail business, large or small. The satisfaction of the customer is an all important
task.
We all know customer satisfaction is essential to the survival of our businesses. How do
we find out whether our customers are satisfied? The best way to find out whether your
customers are satisfied is to ask them. To study the customer satisfaction with the usage of
clothss of PETER ENGLAND (passenger car division).To study the opinion of the owners of
clothss regarding after sales services provided by the dealers and study the response of the
company and dealers on complaints given by the dissatisfied customers
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INTRODUCTION
Measuring customer satisfaction to a relatively new concept to many companies that have
been focused exclusively on income statements and balance sheets Companies now recognize
that the new global economy has changed things forever. Increased competition, crowded
markets with little product differentiation? of continual sales growth followed by two decades of
flattened sales curves have indicate to today’s sharp competitors that their focus must change.
markets shrink, companies are scrambling to boost customer satisfaction and keq? their
current customers rather than devoting additional resources to chase potential new customers}
The claim that it costs live to eight times as much to get new customers than to hold on to old
ones is key to understanding the drive toward benchmarking and tracking customer satisfaction.
competitors that are prospering in the new global economy recognize that measuring
customer satisfaction is key) Only by doing so can they hold on to the customers they have and
understand how to better attract new customers. The competitors who will he successful
recognize that customer satisfaction is a critical strategic weapon that can bring increased market
share and increased profits.
The problem companies face, however, is exactly how to do all of this and do it well.
They need to understand how to quantify, measure, and track customer satisfaction. Without a
clear and accurate sense of what needs to be measured and how to collect, analyze, and use the
data as a strategic weapon to drive the business, no firm can be effective in this new business
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climate. I Plans constructed using customer satisfaction research results can he designed to target
customers and processes that arc most able to extend proofs.
Too many companies rely on outdated and unreliable measures of customer satisfaction.
They watch sales volume. They listen to sales reps describing their customers' states of mind.
They track and count the frequency of complaints. And they watch aging accounts receivable
reports, recognizing that unhappy customers pay as late as possible ~ if at all. While these
approaches are not completely without value, they are no substitute for a valid, well-designed
customer satisfaction survey program.
Customers: people or groups of people who purchase or use or consume your products anti nr
services
Satisfaction: cognitive or affective reaction to overall experience encountered
Customer Satisfaction: customers positive or negative feeling about the perceived value that
was received as a result of using your products and/or services in specific use situation
Business Definition for: Customer Satisfaction
The degree to which customer expectations of a product or service are met or exceeded.
Corporate and individual customers may have widely differing reasons for purchasing a product
or service and therefore any measurement of satisfaction will need to be able to take into account
such differences. The quality of after sales service can also be a crucial factor >n influencing any
purchasing decision. More and more companies are striving, not just for customer satisfaction,
but for customer delight, that extra bit of added value that may lead to increased customer
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loyalty. Any extra added value, however, will need to be carefully casted.
Because the concept of customer satisfaction is new to many companies, it’s important to
be clear on exactly what's meant by the term.
Customer satisfaction is the state of mind that' customers have about a company when their
expectations have been met or exceeded over the lifetime of the product or service. The
achievement of customer satisfaction leads to company loyalty and product repurchase There are
some important implications of this definition
 Because customer satisfaction is a subjective, non-quantitative state, measurement won't
be exact and will require sampling and statistical analysis.
 Customer satisfaction measurement must be undertaken with an understanding of the gap
between customer expectations and attribute performance perceptions.
"Satisfaction” itself can refer to a number of different facts of the relationship with a customer.
For example, it can refer to any or all of the following:
 Satisfaction with the quality of a particular product or service
 Satisfaction with an ongoing business relationship
 Satisfaction with the price-performance ratio of a product or service
 Satisfaction because a product service met or exceeded the customer's expectations
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Each industry could add to this list according to the nature of the business and the
specific relationship with the customer. Customer satisfaction measurement variables will differ
depending on what type of satisfaction is being researched. For example, manufacturers typically
desire on-time delivery and adherence to specifications, so measures of satisfaction taken by
suppliers should include these critical variables.
Clearly defining and understanding customer 'satisfaction can help any company identify
opportunities for product and service innovation and serve as the basis for performance appraisal
and reward systems. It can also serve as the basis for a customer satisfaction survey program that
can ensure that quality improvement efforts are properly focused on issues that are most
important to the customer.
Conducting a customer satisfaction survey program is a burden on the organization and
its customers in terms of time and resources. There is no point in engaging in this work unless it
has been thoughtfully designed so that only relevant and important information is gathered. This
information must allow the organization to take direct action. Nothing is more frustrating than
having information that indicates a problem exists but fails to isolate the specific cause. Having
the purchasing department of a manufacturing firm rate the sales and service it received on its
last order on a survey scale of 1 (terrible) to 6 (magnificent) would yield little about how to
improve sales and service to the manufacturer.
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Significance of the study
Customer satisfaction refers to the extent to which customers are happy with the products
and services provided by a business.
Customer satisfaction levels can be measured using survey techniques and
questionnaires. Gaining high levels of customer satisfaction is very important to a business
because satisfied customers are most likely to be loyal and to make repeat orders and to use a
wide range of services offered by a business.
Studies carried out by companies like Argos and Cadburys have found very high levels of
customer satisfaction. It is not surprising because these companies emphasize market research
and marketing as the tools to find out what customers want. Knowing what your customer wants
then makes it possible to tailor everything you do to pleasing the customers e.g. providing the
goods that customers want, in the packaging that they want, in retail outlets which are convenient
to use and well placed.
I here are many factors which lead to high levels of customer satisfaction including:
Products and services which are customer focused and then provide high levels of value for
money. Customer service giving personal attention to the needs of individual customers after
sales service Following up the original purchase with after sales support such as maintenance and
updating for example in the updating of computer packages. What is clear about customer
satisfaction is that customers are . most likely to appreciate the goods and services that they buy
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if they are made to feel special. This occurs when they feel that the goods and services that they
buy have been specially produced for them or for people like them.
This relates to .1 wide range of products such as razor that are designed for ease of use
and good quality finish, petrol products that are environmentally friendly and customized to meet
the needs of particular types of engines, etc.
With the increased globalization of markets, competition among market players has
become more severe. In this competitive market, one of the most important factors is the
achievement of customer satisfaction and excellence in service. Although the concept of
customer satisfaction in customer oriented management is not new, the relationship between
customers and corporations has been changing almost daily. Customers arc becoming the
absolute entity for corporations as the final decision makers for business deals and purchases of
products.
Peter Drucker, the highly regarded management scholar and writer, stated. “The only
valid definition of business purpose is to create a customer.” Successful organizations of the
future will be those that can provide goods and services to the customers who want it. where they
want it and in the quantity and at the price they want it. thereby delighting rather than merely
satisfying customers.
Customer delight will lead to loyalty, which is one of the critical indicators used to
measure the success of a marketing strategy. Services cannot, however, be performed without
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some form of relationship between the producer and the consumer and cannot be stored and
retained for later use in the way typical of many tangible goods.
Business corporations make efforts to create and provide their customers with higher
value added, which consists of elements such as lower prices, additional benefits, and uniqueness
in services. With rapid advances in information and communications technology, corporations
can take advantage of the emerging IT systems to create infrastructure within the organization to
improve responsiveness to customer needs and to track those needs, thereby improving customer
satisfaction significantly. Top management should be aware of how to tap the power of IT to
enhance customer services, resulting in better service quality and streamlining of processes. With
advanced technology, competing organizations can rapidly duplicate another organization's
services and products. This process is now accelerated by the Internet and c-mail and can be
achieved in much less time than was possible a few years ago. Organizations are also dealing
with more highly educated customers who are aware of the varied services and levels of quality
available. There is a myriad of options for the customer.
OBJECTIVES OF THE STUDY
 To study the customer satisfaction with the usage of Cloths
 To study the opinion of the owners of clothss regarding after sales services provided by
the dealers
 To study the response of the company and dealers on complaints given by the dissatisfied
customers
 To determine overall customer satisfaction with our products or services .
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 To identify customer perceptions of "key areas of weakness” and "key areas of strength”
 To measure and prioritize areas where improvement will most affect customer
satisfaction
 To identify key competition and determine competitive position
 To determine the extent pricing affects repeat customer sales
 To develop a means to measure over time, the effect that increased customer satisfaction
has on repeat customer sales
 To discover if customers are satisfied with (service, quality, etc.)
NEED FOR THE STUDY
In the modern times the business organizations are adopting new techniques and methods
for the growth of the business. The organizations are giving better services to there customers to
face challenge posed by the competitors for every business, it is not only important to retain the
present customers but also attract the new customers. So there is need to ascertain the customers
use regarding the services providing by reputed organization like PETER ENGLAND.
With the increase market study there is a cut through competition among the businessmen
in the industry some of the other major competitors in this area like Twills, Woodland. Spyker,
Basics, and Fast Track Hence there is a need for the study.
The need for customer satisfaction is necessary for all business, large or small. The
satisfaction of the customer is an all important task We all know customer satisfaction is
essential to the survival of our businesses. How do we find out whether our customers are
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satisfied? The best way to find out whether your customers are satisfied is to ask them.
When you conduct a customer satisfaction survey, what you ask the customers is
important. How, when, and how often you ask these . questions are also important. However, the
most important thing about conducting a customer satisfaction survey is what you do with their
answers.
No matter what type of business you operate, you have to have customers. Whether your
customers are other companies, or individuals they are vital to your business's success.
“Customers are what make a business successful".
The quality of your customer service at any point can affect the overall relationship a
customer has with your company.
IMPORTANCE OF THE STUDY
Customer satisfaction is the buzzword of the 1990s. Unfortunately, many managers still
think of satisfying their customers as a nice thing to do rather than a critical component of
success. To maximize profits and productivity, you must recognize five facts:
 As senior managers, you only know about the tip of the iceberg, a small fraction of all the
problems your customers encounter.
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 Service can be a major marketing tool-reconverting problem situations into incremental
revenue.
 Customer problems can cost you not only an immediate lost sale, but also future
purchases by that customer and by other customers as a result of negative word-of-mouth
behavior.
 You can and must quantify the expected payback from service and/or quality
improvements.
 The market transaction (sale) often is not the key point of customer pain and lost revenue.
Often, both the product offering (product itself, how it is offered, and fulfillment) and
customer expectations are major contributors to problems, even though the problem
surfaces in the customer service area.
SCOPE OF THE STDUY
The data analysis and evaluation of the fourth step in the research process. The data arc
first edited, coded and tabulated for the purpose of analyzing them. The editing, coding and
tabulating is a most when the interviewer has amassed a huge amount of data consuming the
research project at hand. The analysis can be conducted by using simple statistical tools like
percentages, averages and measures dispersion, the collected data may be analyzed by using
diagrams, graphs, charts, picture etc.. finally meaning data may be extracted from the analysis
thus conducted.
LIMITATIONS OF THE STUDY
As the time constraint was there to complete this and as there was also finance restriction
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to spend on the promotional activities. So for promoting the product's I have limited myself to
customers who brought their clothss in specified period only.
Regarding the customer satisfaction about the clothss a list of customers was selected
who purchased the clothss in three months of May to July from the reports of the dealer the
response will be taken. And the other customers who purchased the clothss from the Peter
England or from any other dealers will not be considered.
The study is confined to only tri cities of Warangal (Warangal, Kazipet and
Hanamkonda) only.
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RESEARCH & METHODOLOGY
I he systematic designs, collection, analysis, and reporting of data relevant to a specific
marketing situation facing an organization.
 Defining the problem and objectives.
 Developing the research plan for collecting information.
 Implementing the research plan collecting and analyzing the data.
 Interpreting and reporting the findings.
DEFINING THE PROBLEM
Defining the problem and research objectives is often the hardest step in the research
process.
The marketing problem on which the survey is expected to focus should be clearly
defined. Before this clear definition is possible, it may be necessary to undertake some
exploratory research into certain aspects of the client s business. Example, the sales organization
method of publicity, distribution arrangements etc. In an attempt to pinpoint area of significance
of the enquiry. Preparatory work of nature carried out conscientiously and objectively, is an
essential element in the systematic study of marketing problems. Management and researchers
should work closely together in this crucial task of developing survey objectives.
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DEVELOPING RESEARCH PLAN
A research design is purely and simply the frame work of plan for a study that guides the
collection and analysis of the data. According to u hieh the research is to be collected. The
research design specifies the methods for data collection and data analysis.
 How the data be collected.
 Which instruments for data collection would be used, and What sampling plan would be
used?
The researcher has to carefully decide and make a choice from the group of different
alternatives an available to him
FIELD WORK/DATA COLOLECTION
This stage will be central point of the research activities. An effective sampling plan
would have been devised in stage two and the efficiencies of various methods of collecting data
would have been evaluated At this stage, the survey methodology has to be put into proactive.
Since time constraints an inevitable, it would be advisable to plan operations on a time schedule.
Since so much of the efficiency of the company research progress depends on reliable and valid
data being gathered by research, activities during this stage of research should be carefully
planned and executed.
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REPORTS PRESENTATION
The last state in the research process should be done thoroughly. During the proceeding
stage research will be planning how to present their findings. Tables, graphs and other diagrams
data to illustrate the principle landings of the researchers.
RESEARCH INSTRUMENTS
Marketing research has a choice of two wail research instruments in collecting the
primary data. They are questionnaires and shopal devise.
QUESTIONNAIRE
lt is a formalized instrument for asking information directly from the respondent
concerning behavior, demographic characteristics, level of knowledge and or attitude, belief, and
feelings. Because of its flexibility, it is by and large the most common instrument used to collect
the primary data.
Questionnaires contain two types of questions or a combination of closed-end questions
and open-end questions. Closed-end questions include all the possible answers, and subjects
make choices among them.
Open-end questions allow respondents lo answer in their own words. In this research I
used closed-end questions and open-end questions. In closed-end I used multiple choice
questions, rating scale question and dichotomous questions.
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Data collection
Data constitute the foundation of statistical analysis and interpretation. Hence the first step in
statistical work is to obtain data. Data can be obtained from two important sources, namely:
 Primary data
 Secondary data
Primary Data:
Primary data are measurements observed and recorded basic part of an original study.
When the data required for particular study can be found neither in the internal records of the
enterprise, nor in published sources, it may become necessary to collect original data, i.e., to
conduct firs' hand investigation. The work of collecting original data is usually limited by time,
money, and manpower available for the study. The actual procedures used in collecting primary
data are essentially the same whether all the items are to be included or only some items are
considered.
So the current study includes the primary data because its characteristics and are
collected on rise following basis.
There are three basic methods of obtaining primary data, namely:
 Observation
 Questionnaire
 Direct personal interview
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Secondary data
The following sources are used to obtain the secondary data for the present project study.
They are:
 Reports from the Dealers
 Magazines
 Company website
 Marketing author's books.
Observation
When data are collected by observation, the investigator risks no questions. Instead, he
observes the objects or actions in which he is interested. Sometimes individuals make
observations, on other occasions; shopal dev ices observe and record the desired information.
Questionnaire
Questionnaire as the name suggest, is distinguished by the fact that data arc collected by asking
question from people who are thought to have the desired information. Questions may be asked
in person, or in writing. A format list of such questions is called a Questionnaire
The questionnaire is the tool which has been used to collect the data from the customers
The need for adequate and reliable data is ever increasing for taking wise decisions in
different fields of human activity and business is no exception to it. There are two ways in which
the required information may be obtained:
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 Census method
 Sampling method
Census Method
Under this data arc collected for each and every unit (person, household, field, shop,
factory, etc.., as the case may be) belonging to the population or universe which is the complete
set of items which are of interest in any particular situation.
Sampling Method '
The sampling method involves selecting the sample observations from population and
studying these observations in order to obtain complete characteristics of population. The
sampling methods are basically classified into probability and non-probability sampling
methods. In order to select the sample observations (customers) for the present project study,
simple random sampling method is applied which involve s each and every sample observation
(customer) has an equal chance of being selected. While collecting data from the marketers some
times, convenient sampling method is applied also to collect the data from sample observations.
Sampling frame:
The sampling frame for the present project study constitutes customers of Peter England,
marketers belongs to tri cities of Warangal district only.
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Sample Size:
For the purpose of obtaining information. 100 sample observations are selected, hence the
sample size is 50 only.
Hypothesis:
 Set up an experiment or situation to test
 Suggest relationships (or lack thereof) between and among variables
 Predict causes and relationships prior to testing.
 Null
 No relationship exists between levels of funding and staffing and the existence of
a formal marketing plan.
 Alternative
 Formal marketing plans exist in institutions with greater levels of funding and
staffing.
H0:[Null Hypothesis]: To determine overall customer not satisfied with our products or
services
H1:[Alternative Hypothesis]: To determine overall customer satisfied with our products
or services
Hence the project accepted [H0:Null Hypothesis]
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IMPORTANCE OF THE CUSTOMER SATISFACTION
Company's primary task is “to create customers" But today's customers face a vast array
of product and brand choices, prices and suppliers. How do customers make their choices?
We believe that customers estimate which offer will deliver the most value. Customers
are value- maximizes, within the bounds of search costs and limited knowledge, mobility, and
income. They form and expectation of value and act on it. Then they learn whether the offer
lived up to the value expectation and this affects their satisfaction and their repurchase
probability.
CUSTOMER VALUE
Customer delivered value is the difference between total customer value and total
customer cost. And total customer value is the bundle of benefits customers expects from a given
product or service.
CUSTOMER SATISFACTION
Satisfaction is the level of a person’s felt state resulting from comparing a product's
performance in relation to the person’s expectations.
The satisfaction level is a function of the difference between perceived performance and
expectations. A customer could experience one of three broad levels of satisfactions. If the
performance falls short of expectation, the customer is dissatisfied. If the performance matches
the expectations, the customer is satisfied. If the performance exceeds expectations, the customer
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is highly satisfied, pleased, or delighted.
Companies are aiming high because customers who are just satisfied will still find it easy
to sy itch suppliers when a better offer comes along. In one consumer packaged-goods category,
44% of those reporting satisfaction subsequently switched brands. Those who are highly satisfied
are much less ready to switch. One study showed that 75% of Toyota buyers were highly
satisfied and about 75% said they intended to buy a Toyota again. The fact is that high
satisfaction or delight creates and emotional affinity with the brand, not just a rational
preference, and this creates high customer loyalty.
The challenge is to create a company culture such that everyone within the company aims
to delight the customer. Unisys, the computer company, recently introduced the term
‘customize*' in its ads. and defined it as follows : ’* To make a company more responsive to its
customers and better able to attract new ones.” Unisys sees this as a matter of extending
information's system capabilities to field locations and other points of customer contact and
support. But “customizing" a company calls for more than providing good information to
customer contact employees. The company's staff must be “converted" to practicing a strong
customer orientation. Company's staff must be “converted” to practicing a strong customer
orientation. Anita Roddick, founder of the Body Shop, wisely observes : “ Our people (
employees) are first line of customers.
Companies seeking to win to today's markets must track their customer's expectations,
perceived company performance, and customer satisfaction. They need to monitor this for their
competitors as well. Consider the following.
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For customer-centered companies, customer satisfaction is both a goal and a marketing
tool. Companies that achieve high customer satisfaction ratings make sure that their target
market knows it.
Although the customer-centered firm seeks to create high customer satisfaction, it is not
out to maximize customer satisfaction. First, the company can increase customer satisfaction by
lowering its price or increasing its services, but this may result in lower profits. Second, the
company might be able to increase its profitability in other ways, such as by improving its
manufacturing or investing more in R &. D. Third; the company has many stakeholders
including employees, dealers, suppliers, and stockholders. Spending more to increase customer
satisfaction would divert funds from increasing the satisfaction of other "partners" Ultimately,
the company must operate on the philosophy that it is trying to deliver a high level of customer
satisfaction subject to delivering at least acceptable levels of satisfaction to the other
stakeholders within the constraints of its total resources.
COMPLAINT AND SUGGESTION SYSTEMS
A customer centered organization would make it easy for its customer to deliver
suggestions and complaints. Many restaurants and hotels provide forms for guests to report their
like and dislikes. A hospital could place suggestion boxes in the corridors, supply comment bikes
ads to existing patients, anil hire a patient advocate to handle patient grievances. Some customer-
centered companies- P & G. general Electric. Whirlpool-establish “ customer hot lines" to
maximize the case with which customers can inquire, make suggestions or complain.
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A company must not conclude that it can get a full picture of customer satisfaction and is
satisfaction by simply running a complaint and suggestion system. Studies show that customers
are dissatisfied with one out of every four purchases and less than 5% of dissatisfied customers
will complain. Customers may feel that their complaints jrc minor, or that they will be made to
feel stupid, or that no remedy will he offered. Most customers will buy less or switch suppliers
rather than complain. The result is that the company has needlessly lost customers
GHOST SHOPPING
Another useful way to gather a picture of customer satisfaction is to hire persons to pose
as potential buyers to report their findings on strong and weak points they experienced in buying
the company’s and competitor's products. These ghost shoppers can ever, pose certain problems
to lest whether the company’s sales personnel handle the situation well.
LOST CUSTOMER ANALYSIS
Companies should contact customers who have stopped buying or who have switched to
another supplier to learn why this happened. When IBM losses a customer, they mount a
thorough effort to learn where they failed- is their price too high, their service deficient, and their
products unreliable, and so on. Not only is it important to conduct exist interviews but also to
monitor the customer loss rate, which if it is increasing, clearly indicates that the company is
failing to satisfy its customers.
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SOME CAUTIONS IN MEASURING CUSTOMERS SATISFACTIONS
When customers rate their satisfaction with an element of the company's performance,
say delivery, we need to recognize that customers will vary in how they define good delivery. It
could mean early delivery, on-time delivery, order competences, and so on. Yet if the company
had to spell our every element in detail, customers would face a huge questionnaire. We must
also recognize that two customers can report being “highly satisfied" for different reasons. One
may be easily satisfied most of the time and the other might he hared to pleasure but was pleased
on this occasion.
OBSERVATIONS ON CUSTOMERS SATISFACTION
Customer satisfaction will be lower in industries where the industry' offers a
homogeneous product to a heterogeneous market. On the other hand, industries that supply a
high- quality homogeneous product to a homogeneous market will register high satisfaction.
Customer satisfaction is lower in industries where repeat buyers face high switching
costs. They have to buy from the supplier even though their satisfaction is low. Industries which
depend upon repeat business generally create a higher level of customer satisfaction.
As a company increases its market share, customer satisfaction can fall. This is because
more customers with heterogeneous demands arc drawn into buying a fairly homogeneous
product.
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DELIVERY CUSTOMER VALUE AND SATISFACTION
Given the importance of customer value and satisfaction, what does it take to produce
and deliver it? To answer this, we need lo introduce the concepts of a value chain and value -
delivery systems.
VALUE CHAIN
New product realization process: all the activities involved in identifying, researching,
developing, and successfully laughing new products with speed, high quality, and target cost
attainment. Inventory management process: all the activities involved in developing and
managing the right inventory locations of raw materials, semi finished materials, and finished
goods so that adequate supplies are available while avoiding the costs of high overstocks. Order-
to-remittance process: all the activities involved in receiving orders, approving them, shipping
the goods on time, and collecting payment. Customer service process; all the activities involved
in receiving orders, approving them, shipping the goods on time, and collecting payment.
Customer service process: all the activities involved in making it easy for customers to reach the
right parties within the company and receive quick and satisfactory service, answers, and
resolutions of problems.
RETAINING CUSTOMERS
Companies .ire not only seeking to improve their relations with their partners in the
supply chain. Today they are intent on developing stronger bonds and loyalty with their ultimate
customers. In the past, many alternative suppliers were just as deficient in quality and service, or
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the market was growing so facts that the company did not worry about fully satisfying its
customers. The company could lose 100 customers .1 week and gain another 100 customers and
a consider its sales to be satisfactory.
Customer satisfaction is a term frequently used in marketing. While it's often abbreviated as
CSAT, it is more correct to abbreviate it as CSat. It is a measure of how products and services
supplied by a company meet or surpass customer expectation. Customer satisfaction is defined as
"the number of customers, or percentage of total customers, whose reported experience with a
firm, its products, or its services (ratings) exceeds specified satisfaction goals." In a survey of
nearly 200 senior marketing managers, 71 percent responded that they found a customer
satisfaction metric very useful in managing and monitoring their businesses.
It is seen as a key performance indicator within business and is often part of a Balanced
Scorecard. In a competitive marketplace where businesses compete for customers, customer
satisfaction is seen as a key differentiator and increasingly has become a key element of business
strategy.
"Within organizations, customer satisfaction ratings can have powerful effects. They
focus employees on the importance of fulfilling customers' expectations. Furthermore, when
these ratings dip, they warn of problems that can affect sales and profitability.... These metrics
quantify an important dynamic. When a brand has loyal customers, it gains positive word-of-
mouth marketing, which is both free and highly effective."
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Therefore, it is essential for businesses to effectively manage customer satisfaction. To be
able do this, firms need reliable and representative measures of satisfaction.
"In researching satisfaction, firms generally ask customers whether their product or
service has met or exceeded expectations. Thus, expectations are a key factor behind satisfaction.
When customers have high expectations and the reality falls short, they will be disappointed and
will likely rate their experience as less than satisfying. For this reason, a luxury resort, for
example, might receive a lower satisfaction rating than a budget motel—even though its facilities
and service would be deemed superior in 'absolute' terms."
The importance of customer satisfaction diminishes when a firm has increased bargaining
power. For example, cell phone plan providers, such as AT&T and Verizon, participate in an
industry that is an oligopoly, where only a few suppliers of a certain product or service exist. As
such, many cell phone plan contracts have a lot of fine print with provisions that they would
never get away if there were, say, 100 cell phone plan providers, because customer satisfaction
would be far too low, and customers would easily have the option of leaving for a better contract
offer.
A business ideally is continually seeking feedback to improve customer satisfaction.
"Customer satisfaction provides a leading indicator of consumer purchase intentions and
loyalty." "Customer satisfaction data are among the most frequently collected indicators of
market perceptions. Their principal use is twofold:"
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1. "Within organizations, the collection, analysis and dissemination of these data send a
message about the importance of tending to customers and ensuring that they have a
positive experience with the company's goods and services."
2. "Although sales or market share can indicate how well a firm is performing currently,
satisfaction is perhaps the best indicator of how likely it is that the firm’s customers will
make further purchases in the future. Much research has focused on the relationship
between customer satisfaction and retention. Studies indicate that the ramifications of
satisfaction are most strongly realized at the extremes."
On a five-point scale, "individuals who rate their satisfaction level as '5' are likely to
become return customers and might even evangelize for the firm. (A second important metric
related to satisfaction is willingness to recommend. This metric is defined as "The percentage of
surveyed customers who indicate that they would recommend a brand to friends." When a
customer is satisfied with a product, he or she might recommend it to friends, relatives and
colleagues. This can be a powerful marketing advantage.) "Individuals who rate their satisfaction
level as '1,' by contrast, are unlikely to return. Further, they can hurt the firm by making negative
comments about it to prospective customers. Willingness to recommend is a key metric relating
to customer satisfaction."
"In literature antecedents of satisfaction are studied from different aspects. The
considerations extend from psychological to physical and from normative to positive aspects.
However, in most of the cases the consideration is focused on two basic constructs as customers
expectations prior to purchase or use of a product and his relative perception of the performance
33
of that product after using it.
Expectations of a customer on a product tell us his anticipated performance for that
product. As it is suggested in the literature, consumers may have various "types" of expectations
when forming opinions about a product's anticipated performance. For example, four types of
expectations are identified by Miller (1977): ideal, expected, minimum tolerable, and desirable.
While, Day (1977) indicated among expectations, the ones that are about the costs, the product
nature, the efforts in obtaining benefits and lastly expectations of social values. Perceived
product performance is considered as an important construct due to its ability to allow making
comparisons with the expectations.
It is considered that customers judge products on a limited set of norms and attributes.
Olshavsky and Miller (1972) and Olson and Dover (1976) designed their researches as to
manipulate actual product performance, and their aim was to find out how perceived
performance ratings were influenced by expectations. These studies took out the discussions
about explaining the differences between expectations and perceived performance."
In some research studies, scholars have been able to establish that customer satisfaction
has a strong emotional (i.e., affective component). Still others show that the cognitive and
affective components of customer satisfaction reciprocally influence each other over time to
determine overall satisfaction.
34
Especially for durable goods that are consumed over time, there is value to taking a
dynamic perspective on customer satisfaction. Within a dynamic perspective, customer
satisfaction can evolve over time as customers repeatedly use a product or interact with a service.
The satisfaction experienced with each interaction (transactional satisfaction) can influence the
overall, cumulative satisfaction. Scholars showed that it is not just overall customer satisfaction,
but also customer loyalty that evolves over time.
The Disconfirmation Model
"The Disconfirmation Model is based on the comparison of customers’ [expectations] and their
[perceived performance] ratings. Specifically, an individual’s expectations are confirmed when a
product performs as expected. It is negatively confirmed when a product performs more poorly
than expected. The disconfirmation is positive when a product performs over the
expectations(Churchill & Suprenant 1982). There are four constructs to describe the traditional
disconfirmation paradigm mentioned as expectations, performance, disconfirmation and
satisfaction." [3] "Satisfaction is considered as an outcome of purchase and use, resulting from the
buyers’ comparison of expected rewards and incurred costs of the purchase in relation to the
anticipated consequences. In operation, satisfaction is somehow similar to attitude as it can be
evaluated as the sum of satisfactions with some features of product." "In the literature, cognitive
and affective models of satisfaction are also developed and considered as alternatives(Pfaff,
1977). Churchill and Suprenant in 1982, evaluated various studies in the literature and formed an
overview of Disconfirmation process in the following figure:"
35
Construction
Organizations need to retain existing customers while targeting non-customers.
Measuring customer satisfaction provides an indication of how successful the organization is at
providing products and/or services to the marketplace.
"Customer satisfaction is measured at the individual level, but it is almost always
reported at an aggregate level. It can be, and often is, measured along various dimensions. A
hotel, for example, might ask customers to rate their experience with its front desk and check-in
service, with the room, with the amenities in the room, with the restaurants, and so on.
Additionally, in a holistic sense, the hotel might ask about overall satisfaction 'with your stay.'"
Customer Satisfaction Measurement Touch Screen Device In a Hotel
As research on consumption experiences grows, evidence suggests that consumers purchase
goods and services for a combination of two types of benefits: hedonic and utilitarian. Hedonic
benefits are associated with the sensory and experiential attributes of the product. Utilitarian
benefits of a product are associated with the more instrumental and functional attributes of the
product (Batra and Athola 1990)
Customer satisfaction is an ambiguous and abstract concept and the actual manifestation
of the state of satisfaction will vary from person to person and product/service to product/service.
The state of satisfaction depends on a number of both psychological and physical variables
which correlate with satisfaction behaviors such as return and recommend rate. The level of
satisfaction can also vary depending on other options the customer may have and other products
36
against which the customer can compare the organization's products.
Work done by Parasuraman, Zeithaml and Berry (Leonard L)[9] between 1985 and 1988
provides the basis for the measurement of customer satisfaction with a service by using the gap
between the customer's expectation of performance and their perceived experience of
performance. This provides the measurer with a satisfaction "gap" which is objective and
quantitative in nature. Work done by Cronin and Taylor propose the "confirmation /
disconfirmation" theory of combining the "gap" described by Parasuraman, Zeithaml and Berry
as two different measures (perception and expectation of performance) into a single
measurement of performance according to expectation.
The usual measures of customer satisfaction involve a survey using a Likert scale. The
customer is asked to evaluate each statement in terms of their perceptions and expectations of
performance of the organization being measured
Good quality measures need to have high satisfaction loadings, good reliability, and low
error variances. In an empirical study comparing commonly used satisfaction measures it was
found that two multi-item semantic differential scales performed best across both hedonic and
utilitarian service consumption contexts. A study by Wirtz & Lee (2003), found that a six-item
7-point semantic differential scale (for example, Oliver and Swan 1983), which is a six-item 7-
point bipolar scale, consistently performed best across both hedonic and utilitarian services. It
loaded most highly on satisfaction, had the highest item reliability, and had by far the lowest
error variance across both studies. In the study, the six items asked respondents’ evaluation of
37
their most recent experience with ATM services and ice cream restaurant, along seven points
within these six items: “pleased me to displeased me”, “contented with to disgusted with”, “very
satisfied with to very dissatisfied with”, “did a good job for me to did a poor job for me”, “wise
choice to poor choice” and “happy with to unhappy with”. A semantic differential (4 items) scale
(e.g., Eroglu and Machleit 1990), which is a four-item 7-point bipolar scale, was the second best
performing measure, which was again consistent across both contexts. In the study, respondents
were asked to evaluate their experience with both products, along seven points within these four
items: “satisfied to dissatisfied”, “favorable to unfavorable”, “pleasant to unpleasant” and “I like
it very much to I didn’t like it at all”. The third best scale was single-item percentage measure, a
one-item 7-point bipolar scale (e.g., Westbrook 1980). Again, the respondents were asked to
evaluate their experience on both ATM services and ice cream restaurants, along seven points
within “delighted to terrible”.
Finally, all measures captured both affective and cognitive aspects of satisfaction,
independent of their scale anchors. Affective measures capture a consumer’s attitude
(liking/disliking) towards a product, which can result from any product information or
experience. On the other hand, cognitive element is defined as an appraisal or conclusion on how
the product’s performance compared against expectations (or exceeded or fell short of
expectations), was useful (or not useful), fit the situation (or did not fit), exceeded the
requirements of the situation (or did not exceed).
38
Recent research shows that in most commercial applications, such as firms conducting
customer surveys, a single-item overall satisfaction scale performs just as well as a multi-item
scale. Especially in larger scale studies where a researcher needs to gather data from a large
number of customers, a single-item scale may be preferred because it can reduce total survey
error
Methodologies
American Customer Satisfaction Index (ACSI) is a scientific standard of customer
satisfaction. Academic research has shown that the national ACSI score is a strong predictor of
Gross Domestic Product (GDP) growth, and an even stronger predictor of Personal Consumption
Expenditure (PCE) growth.[17] On the microeconomic level, academic studies have shown that
ACSI data is related to a firm's financial performance in terms of return on investment (ROI),
sales, long-term firm value (Tobin's q), cash flow, cash flow volatility, human capital
performance, portfolio returns, debt financing, risk, and consumer spending.[18][19] Increasing
ACSI scores has been shown to predict loyalty, word-of-mouth recommendations, and purchase
behavior. The ACSI measures customer satisfaction annually for more than 200 companies in 43
industries and 10 economic sectors. In addition to quarterly reports, the ACSI methodology can
be applied to private sector companies and government agencies in order to improve loyalty and
purchase intent. ASCI scores have also been calculated by independent researchers, for example,
for the mobile phones sector, higher education, and electronic mail.
39
The Kano model is a theory of product development and customer satisfaction developed
in the 1980s by Professor Noriaki Kano that classifies customer preferences into five categories:
Attractive, One-Dimensional, Must-Be, Indifferent, Reverse. The Kano model offers some
insight into the product attributes which are perceived to be important to customers.
SERVQUAL or RATER is a service-quality framework that has been incorporated into
customer-satisfaction surveys (e.g., the revised Norwegian Customer Satisfaction Barometer) to
indicate the gap between customer expectations and experience.
J.D. Power and Associates provides another measure of customer satisfaction, known for
its top-box approach and automotive industry rankings. J.D. Power and Associates' marketing
research consists primarily of consumer surveys and is publicly known for the value of its
product awards.
Other research and consulting firms have customer satisfaction solutions as well. These
include A.T. Kearney's Customer Satisfaction Audit process,[25] which incorporates the Stages of
Excellence framework and which helps define a company’s status against eight critically
identified dimensions.
For B2B customer satisfaction surveys, where there is a small customer base, a high
response rate to the survey is desirable.[26] The American Customer Satisfaction Index (2012)
found that response rates for paper-based surveys were around 10% and the response rates for e-
surveys (web, wap and e-mail) were averaging between 5% and 15% - which can only provide a
straw poll of the customers' opinions.
40
INDUSTRY PROFILE & COMPANY PROFILE
Peter England established first factory in 1889 at Derry, Ireland. Upon the special request
by the British Military, Peter England provided the troops fighting the English front lines with
battle ready apparel. Madura Fashion & Lifestyle gained the world rights for the brand in 2000.
Peter England is the largest menswear brand in India with over 5 million garments sold every
year. First launched by Madura Fashion & Lifestyle (then known as Madura Garments) in the
mid-price shirt segment in 1997, the company acquired the world rights for the brand in the year
2000. Today, Peter England has a strong national presence with 643 exclusive stores and over
1600 multi-brand outlets in more than 300 towns.
Peter England is universally accepted amongst its millions of consumers for its
standardised fits, superior quality, wide range and 'fashion-right' styles in its segment, making it
the most trusted brand amongst consumers in the readymade apparel category, as per a recent
study conducted by Brand Equity, Economic Times.
With offerings in the mid-priced value for money range, Peter England brings formal
wear for young men in the early years of their career. The product assortment includes shirts,
trousers, suits, blazers and accessories for everyday and special occasions.
It also offers relaxed office wear and weekend casual wear through its Peter England
Elements line. This is an eclectic and stylish casual wardrobe including washed cotton shirts,
denims, cargoes, jackets, sweaters and accessories.
41
Peter England Elite Peter England also offers a complete range of sub-premium formals
through its sub-brand Peter England Elite, meant for the young manager. The wardrobe includes
a complete array of fine-crafted formal shirts and trousers, sharp suits and blazers, and
accessories. The look is progressive, international, and one of understated elegance.
Peter England partners with the IPL team, Chennai Super Kings, as the official off-the-
field apparel sponsor. Building on that relationship, the brand has launched an exclusive product
line called PE-CSK, which reflects the sporty-casual attitude of the team.
A recent foray for Peter England has been in the world of clubwear, called Peter England
Party. This line offers affordable club wear with mainstream sensibilities.
Peter England etched its beginnings in the latter half of the 19th century, when the
foundation for a five-storey building was laid in Londonderry, Ireland, in the summer of 1885.
By the turn of the century, the British war ministry placed an order with Peter England to outfit
the troops being sent to fight in the Boer War. This marked a turning point in the history of the
brand. The order meant that the highest quality apparel had to be delivered at a good price, a
challenge that Peter England met with outstanding success. Charged with the honourable duty of
outfitting British troops for battle, Peter England was born, donning the soldiers in the finest
khaki. Since then, Peter England's popularity has filled chapters of clothing history, by offering
excellent quality at honest-to-goodness prices. Today, Peter England is the largest menswear
brand in India with over 10 million garments in sales.
42
Core value, mission and vision of the brand: The brand's vision is to become the most loved
apparel brand of India offering clothes and accessories of unmatched value, to help young
consumers realise their full potential. Its core values lie in its goal to be its consumers' preferred
choice while being the country's most trusted as well as the most exciting brand to be present in
the retail sector.
The brand's USP: Peter England, specifically PE Jeans, is imagined and built on three basic
philosophies: sustainability, fusion and fashion. Peter England sensitises fashion and evokes an
emotion that truly symbolises the brand as most exciting as well as most trusted amongst
consumers in the readymade apparel category.
First to the brand's credit: In its journey of 17 years in India, Peter England has registered
many firsts to its credit. Peter England was the first mid-priced menswear apparel brand in India.
The brand was one of the first to introduce wrinkle-free shirts and trousers with adjustable
waistbands. English Cottons, one of Peter England's first signature collections, made up of
premium cotton blends, found immediate acceptance with consumers. It is also the only brand in
India to have a design patent for one of its own products — Cordeans, by PE Jeans. Cordeans is
a hybrid between corduroy and jeans. This is indeed a 'first' not only to the brand's credit but a
first in the retail industry as a whole. Peter England's innovative Oxygeans saves 80 litre of water
during its production phase and it has several awards and accolades to its credit.
Razor sharp is a hugely popular shirt from the brand's stable. The product is a formal shirt
with extremely sharp and crisp stripes like none other. This sharp nature of stripes is achieved by
43
a special technique of weaving. Among others, the brand has at quick intervals launched
innovative products for specific occasions, such as Aqua Tech shirts (it keeps the wearer cool
and comfortable due to a unique enzyme wash), Smart Pants (a collection of trousers with smart
features like anti-wrinkle, water resistance and anti-microbial wash among others and N9 finish
on jeans (which keeps the jeans free from odour and microbes).
Awards and achievements registered by the brand: The brand started 2014 with 3
consecutive wins at the most prestigious awards in the retail industry. These included Gold for
the 'Best Store Front' and 'Best Store Front Signage', along with a Merit 2 for 'Western Fashion
Apparel - Specialty Store' at the visual merchandising and Retail Design (VM&RD) awards,
2014. The brand was also awarded winner of the 'Images Most Admired Fashion Design Concept
of the Year' for its innovative product 'Oxygeans' at the Images Fashion Awards 2014, held in
Mumbai. Peter England was also awarded the most trusted brand award by ET for 6 consecutive
years and the most exciting brand by ET for 2 years in a row.
Target consumers: As the brand has a diverse range of products in its portfolio, they meet the
needs of a wide variety of audience. The target audience of the brand would stand as:
PE Jeans & Casuals: They are between 18-25 years.
Peter England Traditions & Ethnic: It is for the 25-30 years customers.
Elite & Elite Sport: This targets 30 years and above customers.
Product assortment: It provide its customers a diverse collection along with unique
innovations. Championing the concept of 'Young Formals' — smart and stylish formalwear for
44
young men in the early years of their career — Peter England has collection that comprises a
diverse range of casuals, semi-formals, wedding and ethnic wear (suits and blazers, and party
wear) among various others. In addition, Peter England's Elite and Elite Sport collection is a
range that exudes confidence and authority and is meant for the suave and the sophisticated.
Most iconic collection from the brand: One of the most iconic collections from Peter England
is the Oxygen’s collection, which is an eco-friendly line of jeanswear that saves approximately
80 litres of water, per pair through indigenously developed washing methods. The same product
was recognised as the winner of the 'Images Most Admired Fashion Design Concept of the Year',
earlier this year.
Top advertising campaigns from the brand: Peter England has been associated with quite a
number of celebrities ever since its launch in India. Parvin Dabbas and Shiney Ahuja were
among the first faces of the brand in the country. Since then, the brand has formed associations
with MS Dhoni and the team of Chennai Super Kings and Siddharth. Kareena Kapoor Khan was
also associated with Peter England when the brand launched the suits for the first time in early
2004.
Total no. of EBOs: The brand has over 600 EBOs currently.
Total no. of MBOs and LFS: The brand has more than 2,000 MBOs in its network. The brand
also has presence in over 300 shop-in-shops in key large format stores like Max, Reliance
Trends, Central, Pantaloons and family-owned large format stores.
45
Online retail: Peter England market their products through their in-house fashion portal
trendin.com; and through leading portals like Myntra, Flipkart and Snapdeal. The brand inspires
visitors on the online space with PE styling and showcases the best of PE products on the
medium. The brand has strengthened its social media presence engaging and conversing real-
time with customers and creating and fostering inspirational stories. It has been conversing,
engaging and educating customers about what Peter England is all about.
Furthermore, with brands constantly looking for ways to connect with their target
audience and engage with them. By actively involving their consumers on social media, Peter
England has been able to create a two-way communication system, which connects the brand
with its target audience in a better way, resulting in an enhanced consumer experience. The
perfect example for the above is #TweetaGoal where Peter England invited fans to play the
world's first game of football on Twitter.
A platform where style met passion, the concept was so unique and engaging that it
started trending on trendsmap within a day itself! With double fun and excitement, this contest
showed that by thinking out of the box one could really get people to connect and engage with
the brand on a different level. Following an initial buzz about the campaign, a micro site was
launched that gave the details on how to play besides telling about winning goodies and the list
of winners.
46
To stimulate the actual intensity of a football match, 'on field' rules were replicated on the
online space as well. This activity received overwhelming response from the audience and the
brand successfully used this medium to win over its target consumers across the country. The
brand went out the extra mile to create a real life experience, which truly was a 'goal in one'! The
site saw a high level of interest and involvement from the audience as a total impression of 26.7
million and a total reach of 5.17 lakh was reached.
The love and enthusiasm that was received by the fans was overwhelming as the virtual
presence of the game was so lifelike, that people felt they were actually playing on the field!
Export markets for the brand include many Middle East countries like Dubai, Bahrain, Quwait,
Doha, Saudi Arabia as well as SAARC countries like Sri Lanka and Nepal. The brand has about
50 shop-in-shops in these markets.
Market share and future aspirations: The brand sells about half a million denims per year and
it plans to take it up to a million in the next 2-3 years.
Green initiatives: Peter England was one of the first brands in the country to create 'Sustainable
Jeans Fashion'; its Oxygen’s has been a part the portfolio for over 5 seasons now. It sold 62,748
Oxygeans in 2013, and saved 13,26,101 gallons of water, making it a one of a kind of
achievement.
Expert take on the Indian denim market: The denim market specifically is growing at 50-60
per cent year-on-year and is a category that continues to expand. As the market increasingly
47
moves towards casuals and denims, PE Jeans has helped reach out to the younger working
professionals of India. At Peter England, the team believes that jeans is not only the most
exciting but the fastest growing lifestyle evolution.
Trends for the upcoming season: The Autumn-Winter '14 collection is built around the theme
'Young India' or 'India Cool'. With its cool and refreshing look, the collection promises to be as
quirky, fun and original as the brand itself.
Madura Fashion & Lifestyle, a division of Aditya Birla Fashion and Retail Ltd, is one of
India’s fastest growing branded apparel companies and a premium lifestyle player in the retail
sector. After consolidating its market leadership with its own brands, it introduced premier
international labels, enabling Indian consumers to buy the most prestigious global fashion wear
and accessories within the country.
The company’s brand portfolio includes product lines that range from affordable and
mass-market to luxurious, high-end style and cater to every age group, from children and youth
to men and women. Madura Fashion & Lifestyle is defined by its brands — Louis Philippe, Van
Heusen, Allen Solly, Peter England and People — that personify style, attitude, luxury and
comfort.
Madura Fashion & Lifestyle reaches its discerning customers through an exclusive
network comprising 1,980 stores (as on September 2015), covering 2.5 million sq ft of retail
48
space, and is present in more than 3,800 premium multi-brand stores and 490+ departmental
stores.
The company's lifestyle store, The Collective, offers a unique blend of global fashions,
international trends and innovative customer services, to customers in Bangalore, Mumbai,
Delhi, Delhi NCR, Chandigarh, Pune and Chennai.
With 231 stores across 164 towns, Planet Fashion is one of the largest apparel retail chain
of its kind in the country. The winning retail model has been successful not only in premium
locations, but also in smaller towns such as Udupi, Bareilly and Dehradun. Planet Fashion is one
of the largest chain of stores of its kind in India, with an average store footprint that ranges from
1,500-6,000 sq ft depending on its location.
Recently, Planet Fashion decided to overhaul its brand identity to cater to the discerning
tastes of today’s urbane Indian male. As part of this re-branding exercise, Planet Fashion’s new
logo features the ‘Infinity’ symbol in red and white, with a black accent. Crafted on the
principles of formals, fashion, fun and friends, Planet Fashion’s new brand identity is youth-
centric and symbolises unlimited fashionable and stylish options for the progressive Indian man.
Madura Fashion & Lifestyle marked its foray into the luxury mono brand business in India by
launching the quintessential British men's luxury clothing and accessories brand Hackett London
through a joint venture with the UK firm.
49
Recently, the company launched Trendin.com, a one-stop shopping destination for the
style conscious. As the official online store showcasing the widest range of merchandise from
Louis Phillipe, Van Heusen, Allen Solly, Peter England and People, Trendin.com caters to both
men and women. With the best talent in the fields of design, manufacturing and product
development, Trendin.com brings contemporary, chic, fashion forward sensibility at price points
that work with every budget.
Each of the company’s brands has an integrated Design Department, which is constantly
at work on innovating designs, concepts and products by incorporating the latest international
trends in fashion and clothing styles.
Madura Fashion & Lifestyle, an IT and web-enabled organisation, is the first-ever apparel
company to have successfully implemented the ERP SAP system. It is also the first company
globally to integrate Retek ERP with SAP ERP.
Always at the cutting edge of fashion and innovation, Madura Fashion & Lifestyle has
for over a decade now sourced technology, fabrics and garments globally. Madura Fashion &
Lifestyle is a global supplier for premium international brands such as Esprit, S’Oliver,
MONOPRIX.
Madura Fashion & Lifestyle harnesses the power of young, driven professionals from the
country’s best professional institutes and companies. For years now, empowered and motivated
employees have propelled Madura Fashion & Lifestyle towards achieving quality, customer
service, design and brand equity comparable to the best worldwide.
50
Madura Fashion & Lifestyle has ISO-9001-2000 accreditation with periodic internal
audits. It's manufacturing division recently became the first apparel manufacturing unit to win
one of India's most prestigious quality excellence award, the Ramkrishna Bajaj National Quality
award, instituted jointly by the Indian Merchants Chamber and the house of Bajaj.
Madura Fashion & Lifestyle sources only from factories that are compliant with the
Factory Act, and each factory is independently audited by the International Textile Services
(ITS) and Société Générale de Surveillance (SGS) for international clients such as Louis
Philippe, Marks & Spencer and Van Heusen.
Madura Fashion & Lifestyle is one of the fastest growing branded apparel companies,
recording a blistering growth rate of over 25 per cent year-on-year.
51
DATA ANALYSIS
I. Customer's response on age group
S.No AGE NO OF
RESPONDENTS
PERCENTAGE OF
RESPONDENTS (%)
1 Less than 30 19 38
2 30-35 13 26
3 35-40 12 24
4 40 & above 6 12
TOTAL 50 100
INTERPRETATION:
From graph it can be seen that majority of the respondents are satisfied with the results of
Customers response on Age group.
ANALYSIS:
From the data of the samples collected regarding the age of the customers, it is clearly
understand by the data collected are that nearly 38% of the age group are under below 30 years
and 26% of the age group under between 30 and 35 years of age group. 24% of the age group
under between 35-40 and rest of them are above the age group of the 40 years.
0
5
10
15
20
Less Than 30 30-35 35-40 40 & Above
No. Of Respondents
No. Of Respondents
52
2. Customer's response on Income per annum.
S.No
INCOME IN Rs.
NO OF
RESPONDENTS
PERCENTAGE OF
RESPON DENTS (%)
l Less than 150000 8 16
2 150000-200000 12 24
3 200000-250000 19 38
4 250000 & above 11 22
TOTAL 50 100
INTERPRETATION:
From graph it can be seen that majority of the respondents are satisfied with the results of
Customers response on Income per annum.
ANALYSIS:
From the samples collected above regarding the income of the customers, it has been clearly
understood by the data collected that nearly 16% of the customers are earning income around
less than Rs. 150000 per annum. 24% of the customers are earning income between Rs.l50000-
Rs.200000. 38% of the customers are earning income under between Rs.200000-Rs.250000 and
rest of them are earning income more than Rs.250000.
0
5
10
15
20
No. Of Respondents
No. Of Respondents
53
3. Customers response on Number of Kilometer traveled/Covered.
S.No KMS
NO OF
RESPONDENTS
PERCENTAGE OF
RESPONDENTS (%)
l Less than 10000 11 22
2 10000-15000 22 44
3 15000-20000 12 24
4 20000 & above 5 10
TOTAL 50 100
INTERPRETATION:
From graph it can be seen that majority of the respondents are satisfied with the results of
Customers response on Number of Kilometer traveled Covered.
ANALYSIS:
As per the samples collected regarding the kilometers traveled till the date by the cloths of the
customers, it has been clearly understand by the data collected are that nearly 22% of the clothss
of the customers arc traveled less than 10000 kms, 44% of the clothss of the customers are
traveled between 10000Km-15000kms. 24% of the clothss of the customers traveled between
15000-20000 and rest of the clothss are traveled above the 20000kms.
0
5
10
15
20
25
Lessthan
10000
10000-15000 15000-20000 20000 &
Above
No. Of Respondents
54
4. Customers response on preventive maintenance regularly.
S.No WHETHER PREVENTIVE
MAINTENANCE UNDERTOOK
NO OF
RESPONDENTS
PERCENTAGE
OF RESPONDENTS
1 YES 50 100
2 NO 0 0
TOTAL 50 100
INTERPRETATION;
From graph it can be seen that majority of the respondents are satisfied with the results of
Customers response on preventive maintenance regularly.
ANALYSIS:
As per the samples collected regarding the maintenance of the clothss by the customers are
clearly indicating that of. all the customers are regularly taking preventive maintenance
regularly.
0
10
20
30
40
50
60
YES NO
No. Of Respondents
No. Of Respondents
55
5. Customers response on selection of preventive maintenance.
S.No PREVENTIVE
MAINTENANCE
AT WHERE
NO OF
RESPONDENTS
PERCENTAGE OF
RESPONDENTS (%)
1 Authorized
workshop
34 68
2 Road side shop 16 32
TOTAL 50 100
INTERPRETATION:
From graph it can be seen that majority of the respondents are satisfied with the results of
Customers response on selection of preventive maintenance.
ANALYSIS:
From the above data which has been collected regarding the maintenance of the clothss of the
customers are clearly indicating that of 68% of the customers are regularly taking preventive
maintenance at Authorized work shop and rest are at them taking their maintenance at road side
shop
0
1
2
3
4
5
Authorozed Road Side Shop
No. Of Respondents
No. Of Respondents
56
6. Customers response on whether the cloths taken under finance.
S.No
WHETHER TAKEN
UNDER FINANCE
NO OF
RESPONDENTS
PERCENTAGE OF
RESPONDENTS (%)
1 YES 26 52
2 NO 24 48
TOTAL 50 100
INTERPRETATION:
From graph it can be seen that majority of the respondents are satisfied with the results of
Customers response on whether the cloths taken under finance.
ANALYSIS:
From the data of the samples collected regarding the finance taken by the customers are clearly
indicating that of 52% of the customers are taken under finance and rest of the customers are
taken their cloths own.
23
23.5
24
24.5
25
25.5
26
26.5
Yes No
No. of Respondents
No. of Respondents
57
7. Customers response on level of satisfaction.
S. No
LEVEL OF
SATISFACTION
NO OF RESPONDENTS
PERCENTAGE OF
RESPONDENTS (%)
1 Highly satisfied 4 15
2 Satisfied 10 39
3 Average 6 23
4 Dissatisfied 2 8
5 Highly dissatisfied 4 15
TOTAL 26 100
INTER PRETATION:
From graph it can be seen that majority of the respondents are satisfied with the results of
Customers response on level of satisfaction.
ANALYSIS:
From the above data which has been collected regarding the customers who are taken their cloths
under finance, are been understood that 15% of the customers arc been highly satisfied. 39% of
the customers are satisfied. 23% of the customers arc average. 8% of the customers are been
dissatisfied with the finance and the rest of them are been highly dissatisfied with the financial
services provided by the company.
0
2
4
6
8
10
12
N. Of Respondents
N. Of Respondents
58
8. Customers response on rate of satisfaction regarding customer Relationship Management
S.No
LEVEL OF
SATISFACTION
NO OF
RESPONDENTS
PERCENTAGE OF
RESPONDENTS (%)
1 Highly satisfied 10 20
2 Satisfied 21 42
3 Average 12 24
4 Dissatisfied 4 8
5 Highly dissatisfied 3 6
TOTAL 50 100
INTERPRETATION:
From graph it can be seen than majority of the respondents are satisfied with the results of
Customers response on rate of satisfaction regarding customer Relationship Management
(CRM).
ANALYSIS:
As per the samples collected regarding the customer relationship management with the dealer
has been identified that 20% of the customers are highly satisfied, 42% of the customers are been
satisfied. 24% of the customers are average. 8% of the customers are been dissatisfied, and rest
of the customers are highly dissatisfied with customer relationship management with the dealers.
0
5
10
15
20
25
No. Of Respondent
No. Of Respondent
59
9. Customer’s response on satisfaction regarding the availability of the spares.
S.No LEVEL OF
SATISFACTION
NO OF
RESPONDENTS
PERCENTAGE OF
RESPONDENTS
(%)1 Highly satisfied 12 24
2 Satisfied 20 40
3 Average 12 24
4 Dissatisfied 4 8
5 Highly dissatisfied 2 4
TOTAL 50 100
INTERPRETATION:
From graph it can be seen that majority of the respondents arc satisfied with the results of.
Customer’s response on satisfaction regarding the availability of the spares.
ANALYSIS:
As per the samples collected regarding the satisfaction of the customers regarding the availability
of spares of the cloths it has been identified that 24% of the customers are highly satisfied, 40%
of the customers are satisfied. 24% of the customers are been average, 8% of the customers are
been dissatisfied, and rest of the customers are highly dissatisfied with the availability of spares
of the cloths.
0
5
10
15
20
25
Highly
satisfied
Satisfied Average Dissatisfied Highly
dissatisfied
NoOf Respondents
NoOf Respondents
61
10. Customers response regarding price of the cloths.
S.No
LEVEL OF
SATISFACTION
NO OF RESPONDENTS
PERCENTAGE
OF RESPONDENTS
1 Very reasonable 13 26
2 Reasonable 22 44
3 Not so costly 6 ' 12
4 Costly 7 14
5 Very costly 2 4
TOTAL 50 100
INTERPRETATION:
From graph it can be been that majority of the respondents are satisfied with the results of
Customers response regarding price of the cloths.
ANALYSIS:
As per the samples collected regarding the price of the cloths that how well they are satisfied
with the price it has been identified that 26% of the customers are said that it is very reasonable,
44% of the customers are said that it is reasonable. 12% of the customers are said that it is not so
costly, 14% of the customers are said that it is costly and rest of the customers are said that it is
very costly.
0
5
10
15
20
25
No. Of Respondents
No. Of Respondents
62
11. Customers response on satisfaction regarding services provided by the dealer.
S.No
LEVEL OF
SATISFACTION
NO OF
RESPONDENTS
PERCENTAGE OF
RESPONDENTS (%)
1 Highly satisfied 13 26
2 Satisfied 24
T
48
3 Average 7 14
4 Dissatisfied 4 8
5 Highly dissatisfied 2
"
4
TOTAL 50 100
INTERPRETATION:
From graph it can be seen that majority of the respondents arc satisfied with the results of
Customers response on satisfaction regarding services provided by the dealer.
ANALYSIS:
From the samples collected about the services provided by the dealer that how well they are
satisfied with the service it has been found that 26% of the customers are highly satisfied, 48% of
the customers are satisfied. 14% of the customers are * average. 8% of the customers are
dissatisfied, and the rest of the customers are highly dissatisfied.
0
5
10
15
20
25
30
No.Of Respondents
No.Of Respondents
63
12. Customers opinion on satisfaction regarding services provided by the company.
S.No LEVEL OF
SATISFACTION
NO OF
RESPONDENTS
PERCENTAGE OK
RESPONDENTS (%)
l Highly satisfied 14 28
2 Satisfied 25 50
3 Average 9 18
4 Dissatisfied 2 4
5 Highly dissatisfied 0 0
TOTAL 50 100
INTERPRETATION:
From graph it can be seen that majority of the respondents are satisfied with the results of
Customers opinion on satisfaction regarding services provided by the company.
ANALYSIS:
From the samples collected about the services provided by the company that how well they are
satisfied with the service it has been identified that 28% of the .customers are highly satisfied,
50% of the customers are satisfied. 18% of the customers arc average, and the rest of the
customers are dissatisfied.
0
5
10
15
20
25
30
No. Of Respondents
No. Of Respondents
64
13. Customers response on crucial factor in satisfying the customer?
S. No
CRUCIAL
FACTOR
NO OF
RESPONDENTS
PERCENTAGE OF
RESPONDENTS (%)
1 Price 22 44
2 Company Service 8 16
3 Dealer Service 6 12
4 Company reputation 14 28
TOTAL 50 100
INTERPRETATION:
From graph it can he seen that majority of the respondents are satisfied with the results of
Customers response 011 crucial factor in satisfying the customer.
ANALYSIS:
As per the samples collected regarding the crucial factor in satisfying the customer has been
identified as that 44% of the customers arc said that price is that crucial factor, 16% of the
customers are said that company service as the crucial factor. 12% of the customers are said that
dealer serv ice is the crucial factor and the rest of the customers are said that company reputation
is been the crucial factor in satisfying the customer.
0
5
10
15
20
25
Price Company
Service
Dealer
Service
Company
Reputation
No. Of Respondents
No. Of Respondents
65
14. Customers response on overall satisfaction level in purchasing the Peter England product.
S. No LEVEL OF
SATIFACTION
NO OF
RESPONDENTS
PERCENTAGE OK
RESPONDENTS (%)
1 Highly satisfied 14 28
2 Satisfied 26 52
3 Average 8 16
4 Dissatisfied 2 4
5 Highly dissatisfied 0 0
TOTAL 50 100
INTERPRETATION:
From graph it can be seen that majority of the respondents are satisfied with the results ot
Customers response on overall satisfaction level in purchasing the PETER ENGLAND product.
ANALYSIS:
As per the samples collected regarding the overall satisfaction regarding the purchase of the
PETER ENGLAND product it has been clearly identified that how well they are satisfied with
the PETER ENGLAND product it has been identified that 28% of the customers are highly
satisfied. 52% of the customers are satisfied. 16% of the customers are average, and the rest of
the customers are dissatisfied.
0
5
10
15
20
25
30
No. of Respondents
No. of Respondents
66
15. Customers response recommending PETER ENGLAND product to the others.
S.No RECOMMENDED
TO OTHERS
NO OF
RESPONDENTS
PERCENTAGE OF
RESPONDENTS (%)
I YES 28 56
2 NO 22 44
TOTAL 50 100
INTERPRETATION:
From graph it can be seen that majority of the respondents are satisfied with the results of
Customers response recommending PETER ENGLAND product to the others.
ANALYSIS:
In the study which has been conducted that to know whether the customer has recommended the
PETER ENGLAND cars to any other person it has found that 56% of the customers are been
already recommended the PETER ENGLAND cars to their friends and other neighbors and rest
are till the date not recommended to any other person.
0
5
10
15
20
25
30
Yes No
No. Of Respondents
No. Of Respondents
67
I6.Customer Satisfaction Level In Purchasing of the Peter England Product?
S.No
LEVEL OF
SATISFACTION
NO OF
RESPONDENTS
PERCENTAGE OF
RESPONDENTS (%)
1 Highly satisfied 14 28
2 Satisfied 26 52
3 Average 8 16
4 Dissatisfied 2 4
5 Highly dissatisfied 0 0
TOTAL 50 100
INTERPRETATION:
From graph it can be seen that majority of the respondents are satisfied with the results of
Customer Satisfaction Level In Purchasing of the Peter England Product.
ANALYSIS:
As per the samples collected regarding the overall satisfaction regarding the purchase of the
PETER ENGLAND product it has been clearly identified that how well they are satisfied with
the PETER ENGLAND product it has been identified that 28% of the customers are highly
satisfied, 52% of the customers are satisfied. 16% of the customers are average, and the rest of
the customers are dissatisfied.
0
5
10
15
20
25
30
NO. Of Respondents
NO. Of Respondents
68
17.Crucial Factor in Satisfying I he customer?
S.No
CRUCIAL
FACTOR
NO OF
RESPONDENTS
PERCENTAGE OF
RESPONDENTS (%)
1 Price 22 44
2 Company Service 8 16
a
j
Dealer Service 6 12
4 Company reputation 14 28
TOTAL 50 100
INTERPRETATION:
From graph it can be seen that majority of the respondents are satisfied with the Customer
Satisfaction Regarding Services Provided by the Dealer.
ANALYSIS:
As per the samples collected regarding the crucial factor in satisfying the customer has been
identified as that 44% of the customers are said that price is that crucial factor, 16% of the
customers are said that company service as the crucial factor, 12% of the customers are said that
dealer service is the crucial factor and the rest of the customers are said that company reputation
is been the crucial factor in satisfying the customer.
0
5
10
15
20
25
Price Company
Service
Dealer
Service
Company
reputation
No. Of Respondents
No. Of Respondents
I
69
18. Customer Satisfaction Regarding Services Provided by the Dealer?
INTERPRETAT1QN:
From graph it can be seen that majority of the respondents arc satisfied with the Customer
Satisfaction Regarding Services Provided by the Company.
ANALYSIS:
From the samples collected about the services provided by the dealer that how- well they are
satisfied with the service it has been found that 26% of the customers are highly satisfied. 48% of
the customers are satisfied. 14% of the customers are average, 8% of the customers are
dissatisfied, and the rest of the customers arc highly dissatisfied
0
5
10
15
20
25
NO. Of respondents
NO. Of respondents
S.No LEVEL OF SATISFACTION NO Of
RESPONDENTS
PERCENTAGE OF
RESPONDENTS (%)
l Highly satisfied 13 26
2 Satisfied 4
_ .
48
3 Average
. . _ • .
7 14
4
I
Dissatisfied 10 8 1
5 Highly dissatisfied 21 4
TOTAL 50 100
70
19.Customer Satisfaction Regarding Services Provided by the Company?
S.No
LEVEL OF
SATISFACTION
NO OF
RESPONDENTS
PERCENTAGE OF
RESPONDENTS (%)
1 Highly satisfied 14 28
2 Satisfied 25 50
3 Average 9 18
4 Dissatisfied 2 4
5 Highly dissatisfied 0 0
TOTAL 50 100
INTERPRETATION:
From graph it can be seen that majority of the respondents are satisfied with the Factor in
Satisfying The customer.
ANALYSIS:
From the samples collected about the services provided by the company that how w ell they are
satisfied with the service it has been identified that 28% of the customers arc highly satisfied,
50% of the customers ;ire satisfied. 18% of the customers are average, and the rest of the
customers are dissatisfied.
0
5
10
15
20
25
30
Highly
satisfied
Satisfied Average Dissatisfied Highly
dissatisfied
No. Of Respondents
No. Of Respondents
71
20.Customer Satisfied with the Financial Services?
S.No
LEVEL OF
SATISFACTION
NO OF
RESPONDENTS
PERCENTAGE OF
RESPONDENTS (%)
1 Highly satisfied 16 15
2 Satisfied 10 39
3 Average 6 23
4 Dissatisfied 8 8
5 Highly dissatisfied 10 15
TOTAL 50 100
INTERPRETATION:
From the above data which has been collected regarding the customers who are taken their cloths
under finance, are been understood that 15% of the customers arc been highly satisfied, 39% of
the customers are satisfied. 23% of the customers are average. S% of the customers are been
dissatisfied with the finance and the rest of them are been highly dissatisfied with the financial
services provided by the company.
0
5
10
15
20
Highly
satisfied
Satisfied Average Dissatisfied Highly
dissatisfied
No. of Respondents
No. of Respondents
72
FINDINGS
 The majority of the customers are in the age group below 30 which shows the PETER
ENGLAND products are attracting the younger generation.
 In the income wise it has been found out that the majority of the customers arc canting
more than Rs.200000 to Rs.250000 per annum
 By the clothes which are brought in the time period it has been concluded that the more
number of cars arc traveled more than 10000 kilometers till date.
 All of the customers are regularly taking the preventive maintenance and among them the
more percentage of the customers are going to the company’s authorized workshops
rather than the road side shops.
 It has been understood their half of the customers arc utilized the financial services
providing by the company and among them the half of the cloths owners who brought
their cloths in finance arc satisfied with the financial services of the company
73
SUGGETIONS
 Since younger generation is being attracted more towards PETER ENGLAND products,
it is suggested that the company gives more importance to this sector in designing the
product and in advertising the product
 It is suggested to maintain the same type of Customer Relationship Management since
the customers are satisfied with this It has been found out that the price is the key factor
in the satisfying the customers which follow by the company reputation as an key factor
in the study.
 When coming to the overall satisfaction level of the customers in the buying of the I A i
A product it has been found that more percentage of the customers are satisfied with the
PETER ENGLAND product.
 More than half of the customers are suggested the PETER ENGLAND cars to their
friends, relations ctc.
74
Conclusion
Customer satisfaction is addressed as a strategic business development tool. Customer
satisfaction does have a positive effect on an organization's profitability, satisfied customers
form the foundation of any successful business as customer satisfaction leads to repeat purchase,
brand loyalty, and positive word of mouth. Satisfied customers are most likely to share their
experiences with other people to the order of perhaps five or six people. Equally well,
dissatisfied customers are more likely to tell another ten people of their unfortunate experience.
Research has demonstrated that even a difference between a totally satisfied customer and a
somewhat satisfied customer could lead to an increased revenue contribution of a factor 2.6.
Quite often fundamental causal modelled interdependencies among B2B customer
satisfaction processes are lacking. Instantly this makes it difficult to point out the antecedents
and relationships of customer satisfaction. Estimation of the extent of customer satisfaction is
habitually based on the collective interpretation of customer complaints handled as administrated
and individual interpretation of face-2-face meetings between employees and customers. For that
reason statistical confidence, accuracy and representativeness easily lack quantitative
significance and lead to unreliable quantitative trend analyses.
75
Bibliography
Book references:
Hill, N. (1996). Handbook of Customer Satisfaction Measurement. Aldeshot: Gower Publishing
Howard, J.A. and Seth, J.N. (1969). The Theory of Buyer Behavior. N.Y.: John Wiley and Sons.
McDaniel, C. Gitman, L. . (2008). The future of business: The essential. Southwestern.
Wallard, K. V. (2005). Loyalty myths. Maryland, Virginia: Wiley and Sons.
Internet Sources:
Company profile. (2008). Retrieved March 24, 2009, from http://www.davidsalon.com.ph/.
About Ricky. (2008). Retrieved March 24, 2009, from http://www.rickyreyes.com/.
Info-Tech Research Group (2003). Questions for employee satisfaction surveys. Retrieved
January 29, 2009, from http://www.hrpao.org/files/surveyquestions.pdf.
76
A questionnaire on
CUSTOMER SATISFACTION TOWARDS PETER ENGLAND
Respondent's name
Occupation:
Address
1. Which age group does you belongs to? ( )
a. Less than 30 b. 30-35 c. 35-40 d. 40 & above.
2. Select the Income per annum which you arc obtaining? ( )
a. Less than 1. 50.000 b. 150000-200000 c. 200000-250000 d.250000 &above.
3. Select the number of kilometers travelled? ( )
a. Less than 10000 b. 10000-15000 c. 15000-20000 d.20000 & above.
4. Do you take preventive maintenance regularly? ( )
a. Yes b. No.
5. Select the place in which you take the preventive maintenance? ( )
a. Authorized Workshop b. Road side shop.
6. Do you take you cloths under finance? ( )
a. Yes b. No.
7 If yes. select the level of satisfaction with the financial services? ( )
a. Highly satisfied b. Satisfied c. Average d. Dissatisfied e. Highly dissatisfied.
8. Select the rate of satisfaction regarding Customer Relationship Management? ( )
a. Highly satisfied b. Satisfied c. Average d. Highly dissatisfied.
77
9. Select the satisfaction level in which you feel on the availability of the spares?
( )
a. Highly satisfied b. satisfied c. Average d. Dissatisfied e. Highly dissatisfied
10. Select the satisfaction in which you have on price of the cloths? ( )
a. Very reasonable b. Reasonable c. Noise costly d. Costly e. Very costly
11. Select the level of satisfaction which you have on services provided by the dealer?
( )
a. Hi gill y satisfied b. Satisfied c. Average d. Dissatisfied.
12. Select the level of satisfaction which you have on services provided by the Company?
( )
a. Highly satisfied b. Satisfied c. Averse d. Dissatisfied e. Highly dissatisfied.
13. In your perception what is the crucial factor in satisfying the customer ? ( )
a. Price b. Company Service c. Dealer Service d. Company reputation
14. What is ycur overall satisfaction level in purchasing the PETER ENGLAND product?
( )
a. Highly satisfied b. Satisfied c. Average d. Dissatisfied e. Highly dissatisfied.
15. Can you recommend others to buy PETER ENGLAND car? ( )
a. Yes b. No.
16. Crucial Factor in Satisfying The customer? ( )
a. Highly satisfied b. Satisfied c. Average d. Dissatisfied e. Highly dissatisfied.
17. Crucial Factor in Satisfying The customer? ( )
a) price b) company services c) dealer services d)company reputation
78
18. Customer Satisfaction Regarding Services Provided by the Dealer? ( )
a. Highly satisfied b. Satisfied c. Average d. Dissatisfied e. Highly dissatisfied.
19. Customer Satisfaction Regarding Services Provided by the Company? ( )
a. Highly satisfied b. Satisfied c. Average d. Dissatisfied e. Highly dissatisfied.
20. Customer Satisfied with the Financial Services? ( )
a. Highly satisfied b. satisfied c. Average d. Dissatisfied e. Highly dissatisfied.

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Measuring Customer Satisfaction

  • 1. 1 ABSTRACT Customer satisfaction is the state of mind that customers have about a company when their expectations have been met or exceeded over the lifetime of the product or service. The achievement of customer satisfaction leads to company loyalty and product repurchase. Customer satisfaction levels can be measured using survey techniques and questionnaires. Gaining high levels of customer satisfaction is very important to a business because satisfied customers are most likely to be loyal and to make repeat orders and to use a wide range of services offered by a business. With the increase market study there is a cut through competition among the businessmen in the industry some of the other major competitors in this area like Hyundai. Ford. Maruti Suzuki, and Chevrolet. Hence there is a need for the study. The need or customer satisfaction is necessary for ail business, large or small. The satisfaction of the customer is an all important task. We all know customer satisfaction is essential to the survival of our businesses. How do we find out whether our customers are satisfied? The best way to find out whether your customers are satisfied is to ask them. To study the customer satisfaction with the usage of clothss of PETER ENGLAND (passenger car division).To study the opinion of the owners of clothss regarding after sales services provided by the dealers and study the response of the company and dealers on complaints given by the dissatisfied customers
  • 2. 2 INTRODUCTION Measuring customer satisfaction to a relatively new concept to many companies that have been focused exclusively on income statements and balance sheets Companies now recognize that the new global economy has changed things forever. Increased competition, crowded markets with little product differentiation? of continual sales growth followed by two decades of flattened sales curves have indicate to today’s sharp competitors that their focus must change. markets shrink, companies are scrambling to boost customer satisfaction and keq? their current customers rather than devoting additional resources to chase potential new customers} The claim that it costs live to eight times as much to get new customers than to hold on to old ones is key to understanding the drive toward benchmarking and tracking customer satisfaction. competitors that are prospering in the new global economy recognize that measuring customer satisfaction is key) Only by doing so can they hold on to the customers they have and understand how to better attract new customers. The competitors who will he successful recognize that customer satisfaction is a critical strategic weapon that can bring increased market share and increased profits. The problem companies face, however, is exactly how to do all of this and do it well. They need to understand how to quantify, measure, and track customer satisfaction. Without a clear and accurate sense of what needs to be measured and how to collect, analyze, and use the data as a strategic weapon to drive the business, no firm can be effective in this new business
  • 3. 3 climate. I Plans constructed using customer satisfaction research results can he designed to target customers and processes that arc most able to extend proofs. Too many companies rely on outdated and unreliable measures of customer satisfaction. They watch sales volume. They listen to sales reps describing their customers' states of mind. They track and count the frequency of complaints. And they watch aging accounts receivable reports, recognizing that unhappy customers pay as late as possible ~ if at all. While these approaches are not completely without value, they are no substitute for a valid, well-designed customer satisfaction survey program. Customers: people or groups of people who purchase or use or consume your products anti nr services Satisfaction: cognitive or affective reaction to overall experience encountered Customer Satisfaction: customers positive or negative feeling about the perceived value that was received as a result of using your products and/or services in specific use situation Business Definition for: Customer Satisfaction The degree to which customer expectations of a product or service are met or exceeded. Corporate and individual customers may have widely differing reasons for purchasing a product or service and therefore any measurement of satisfaction will need to be able to take into account such differences. The quality of after sales service can also be a crucial factor >n influencing any purchasing decision. More and more companies are striving, not just for customer satisfaction, but for customer delight, that extra bit of added value that may lead to increased customer
  • 4. 4 loyalty. Any extra added value, however, will need to be carefully casted. Because the concept of customer satisfaction is new to many companies, it’s important to be clear on exactly what's meant by the term. Customer satisfaction is the state of mind that' customers have about a company when their expectations have been met or exceeded over the lifetime of the product or service. The achievement of customer satisfaction leads to company loyalty and product repurchase There are some important implications of this definition  Because customer satisfaction is a subjective, non-quantitative state, measurement won't be exact and will require sampling and statistical analysis.  Customer satisfaction measurement must be undertaken with an understanding of the gap between customer expectations and attribute performance perceptions. "Satisfaction” itself can refer to a number of different facts of the relationship with a customer. For example, it can refer to any or all of the following:  Satisfaction with the quality of a particular product or service  Satisfaction with an ongoing business relationship  Satisfaction with the price-performance ratio of a product or service  Satisfaction because a product service met or exceeded the customer's expectations
  • 5. 5 Each industry could add to this list according to the nature of the business and the specific relationship with the customer. Customer satisfaction measurement variables will differ depending on what type of satisfaction is being researched. For example, manufacturers typically desire on-time delivery and adherence to specifications, so measures of satisfaction taken by suppliers should include these critical variables. Clearly defining and understanding customer 'satisfaction can help any company identify opportunities for product and service innovation and serve as the basis for performance appraisal and reward systems. It can also serve as the basis for a customer satisfaction survey program that can ensure that quality improvement efforts are properly focused on issues that are most important to the customer. Conducting a customer satisfaction survey program is a burden on the organization and its customers in terms of time and resources. There is no point in engaging in this work unless it has been thoughtfully designed so that only relevant and important information is gathered. This information must allow the organization to take direct action. Nothing is more frustrating than having information that indicates a problem exists but fails to isolate the specific cause. Having the purchasing department of a manufacturing firm rate the sales and service it received on its last order on a survey scale of 1 (terrible) to 6 (magnificent) would yield little about how to improve sales and service to the manufacturer.
  • 6. 6 Significance of the study Customer satisfaction refers to the extent to which customers are happy with the products and services provided by a business. Customer satisfaction levels can be measured using survey techniques and questionnaires. Gaining high levels of customer satisfaction is very important to a business because satisfied customers are most likely to be loyal and to make repeat orders and to use a wide range of services offered by a business. Studies carried out by companies like Argos and Cadburys have found very high levels of customer satisfaction. It is not surprising because these companies emphasize market research and marketing as the tools to find out what customers want. Knowing what your customer wants then makes it possible to tailor everything you do to pleasing the customers e.g. providing the goods that customers want, in the packaging that they want, in retail outlets which are convenient to use and well placed. I here are many factors which lead to high levels of customer satisfaction including: Products and services which are customer focused and then provide high levels of value for money. Customer service giving personal attention to the needs of individual customers after sales service Following up the original purchase with after sales support such as maintenance and updating for example in the updating of computer packages. What is clear about customer satisfaction is that customers are . most likely to appreciate the goods and services that they buy
  • 7. 7 if they are made to feel special. This occurs when they feel that the goods and services that they buy have been specially produced for them or for people like them. This relates to .1 wide range of products such as razor that are designed for ease of use and good quality finish, petrol products that are environmentally friendly and customized to meet the needs of particular types of engines, etc. With the increased globalization of markets, competition among market players has become more severe. In this competitive market, one of the most important factors is the achievement of customer satisfaction and excellence in service. Although the concept of customer satisfaction in customer oriented management is not new, the relationship between customers and corporations has been changing almost daily. Customers arc becoming the absolute entity for corporations as the final decision makers for business deals and purchases of products. Peter Drucker, the highly regarded management scholar and writer, stated. “The only valid definition of business purpose is to create a customer.” Successful organizations of the future will be those that can provide goods and services to the customers who want it. where they want it and in the quantity and at the price they want it. thereby delighting rather than merely satisfying customers. Customer delight will lead to loyalty, which is one of the critical indicators used to measure the success of a marketing strategy. Services cannot, however, be performed without
  • 8. 8 some form of relationship between the producer and the consumer and cannot be stored and retained for later use in the way typical of many tangible goods. Business corporations make efforts to create and provide their customers with higher value added, which consists of elements such as lower prices, additional benefits, and uniqueness in services. With rapid advances in information and communications technology, corporations can take advantage of the emerging IT systems to create infrastructure within the organization to improve responsiveness to customer needs and to track those needs, thereby improving customer satisfaction significantly. Top management should be aware of how to tap the power of IT to enhance customer services, resulting in better service quality and streamlining of processes. With advanced technology, competing organizations can rapidly duplicate another organization's services and products. This process is now accelerated by the Internet and c-mail and can be achieved in much less time than was possible a few years ago. Organizations are also dealing with more highly educated customers who are aware of the varied services and levels of quality available. There is a myriad of options for the customer. OBJECTIVES OF THE STUDY  To study the customer satisfaction with the usage of Cloths  To study the opinion of the owners of clothss regarding after sales services provided by the dealers  To study the response of the company and dealers on complaints given by the dissatisfied customers  To determine overall customer satisfaction with our products or services .
  • 9. 13  To identify customer perceptions of "key areas of weakness” and "key areas of strength”  To measure and prioritize areas where improvement will most affect customer satisfaction  To identify key competition and determine competitive position  To determine the extent pricing affects repeat customer sales  To develop a means to measure over time, the effect that increased customer satisfaction has on repeat customer sales  To discover if customers are satisfied with (service, quality, etc.) NEED FOR THE STUDY In the modern times the business organizations are adopting new techniques and methods for the growth of the business. The organizations are giving better services to there customers to face challenge posed by the competitors for every business, it is not only important to retain the present customers but also attract the new customers. So there is need to ascertain the customers use regarding the services providing by reputed organization like PETER ENGLAND. With the increase market study there is a cut through competition among the businessmen in the industry some of the other major competitors in this area like Twills, Woodland. Spyker, Basics, and Fast Track Hence there is a need for the study. The need for customer satisfaction is necessary for all business, large or small. The satisfaction of the customer is an all important task We all know customer satisfaction is essential to the survival of our businesses. How do we find out whether our customers are
  • 10. 14 satisfied? The best way to find out whether your customers are satisfied is to ask them. When you conduct a customer satisfaction survey, what you ask the customers is important. How, when, and how often you ask these . questions are also important. However, the most important thing about conducting a customer satisfaction survey is what you do with their answers. No matter what type of business you operate, you have to have customers. Whether your customers are other companies, or individuals they are vital to your business's success. “Customers are what make a business successful". The quality of your customer service at any point can affect the overall relationship a customer has with your company. IMPORTANCE OF THE STUDY Customer satisfaction is the buzzword of the 1990s. Unfortunately, many managers still think of satisfying their customers as a nice thing to do rather than a critical component of success. To maximize profits and productivity, you must recognize five facts:  As senior managers, you only know about the tip of the iceberg, a small fraction of all the problems your customers encounter.
  • 11. 15  Service can be a major marketing tool-reconverting problem situations into incremental revenue.  Customer problems can cost you not only an immediate lost sale, but also future purchases by that customer and by other customers as a result of negative word-of-mouth behavior.  You can and must quantify the expected payback from service and/or quality improvements.  The market transaction (sale) often is not the key point of customer pain and lost revenue. Often, both the product offering (product itself, how it is offered, and fulfillment) and customer expectations are major contributors to problems, even though the problem surfaces in the customer service area. SCOPE OF THE STDUY The data analysis and evaluation of the fourth step in the research process. The data arc first edited, coded and tabulated for the purpose of analyzing them. The editing, coding and tabulating is a most when the interviewer has amassed a huge amount of data consuming the research project at hand. The analysis can be conducted by using simple statistical tools like percentages, averages and measures dispersion, the collected data may be analyzed by using diagrams, graphs, charts, picture etc.. finally meaning data may be extracted from the analysis thus conducted. LIMITATIONS OF THE STUDY As the time constraint was there to complete this and as there was also finance restriction
  • 12. 16 to spend on the promotional activities. So for promoting the product's I have limited myself to customers who brought their clothss in specified period only. Regarding the customer satisfaction about the clothss a list of customers was selected who purchased the clothss in three months of May to July from the reports of the dealer the response will be taken. And the other customers who purchased the clothss from the Peter England or from any other dealers will not be considered. The study is confined to only tri cities of Warangal (Warangal, Kazipet and Hanamkonda) only.
  • 13. 17 RESEARCH & METHODOLOGY I he systematic designs, collection, analysis, and reporting of data relevant to a specific marketing situation facing an organization.  Defining the problem and objectives.  Developing the research plan for collecting information.  Implementing the research plan collecting and analyzing the data.  Interpreting and reporting the findings. DEFINING THE PROBLEM Defining the problem and research objectives is often the hardest step in the research process. The marketing problem on which the survey is expected to focus should be clearly defined. Before this clear definition is possible, it may be necessary to undertake some exploratory research into certain aspects of the client s business. Example, the sales organization method of publicity, distribution arrangements etc. In an attempt to pinpoint area of significance of the enquiry. Preparatory work of nature carried out conscientiously and objectively, is an essential element in the systematic study of marketing problems. Management and researchers should work closely together in this crucial task of developing survey objectives.
  • 14. 18 DEVELOPING RESEARCH PLAN A research design is purely and simply the frame work of plan for a study that guides the collection and analysis of the data. According to u hieh the research is to be collected. The research design specifies the methods for data collection and data analysis.  How the data be collected.  Which instruments for data collection would be used, and What sampling plan would be used? The researcher has to carefully decide and make a choice from the group of different alternatives an available to him FIELD WORK/DATA COLOLECTION This stage will be central point of the research activities. An effective sampling plan would have been devised in stage two and the efficiencies of various methods of collecting data would have been evaluated At this stage, the survey methodology has to be put into proactive. Since time constraints an inevitable, it would be advisable to plan operations on a time schedule. Since so much of the efficiency of the company research progress depends on reliable and valid data being gathered by research, activities during this stage of research should be carefully planned and executed.
  • 15. 19 REPORTS PRESENTATION The last state in the research process should be done thoroughly. During the proceeding stage research will be planning how to present their findings. Tables, graphs and other diagrams data to illustrate the principle landings of the researchers. RESEARCH INSTRUMENTS Marketing research has a choice of two wail research instruments in collecting the primary data. They are questionnaires and shopal devise. QUESTIONNAIRE lt is a formalized instrument for asking information directly from the respondent concerning behavior, demographic characteristics, level of knowledge and or attitude, belief, and feelings. Because of its flexibility, it is by and large the most common instrument used to collect the primary data. Questionnaires contain two types of questions or a combination of closed-end questions and open-end questions. Closed-end questions include all the possible answers, and subjects make choices among them. Open-end questions allow respondents lo answer in their own words. In this research I used closed-end questions and open-end questions. In closed-end I used multiple choice questions, rating scale question and dichotomous questions.
  • 16. 20 Data collection Data constitute the foundation of statistical analysis and interpretation. Hence the first step in statistical work is to obtain data. Data can be obtained from two important sources, namely:  Primary data  Secondary data Primary Data: Primary data are measurements observed and recorded basic part of an original study. When the data required for particular study can be found neither in the internal records of the enterprise, nor in published sources, it may become necessary to collect original data, i.e., to conduct firs' hand investigation. The work of collecting original data is usually limited by time, money, and manpower available for the study. The actual procedures used in collecting primary data are essentially the same whether all the items are to be included or only some items are considered. So the current study includes the primary data because its characteristics and are collected on rise following basis. There are three basic methods of obtaining primary data, namely:  Observation  Questionnaire  Direct personal interview
  • 17. 21 Secondary data The following sources are used to obtain the secondary data for the present project study. They are:  Reports from the Dealers  Magazines  Company website  Marketing author's books. Observation When data are collected by observation, the investigator risks no questions. Instead, he observes the objects or actions in which he is interested. Sometimes individuals make observations, on other occasions; shopal dev ices observe and record the desired information. Questionnaire Questionnaire as the name suggest, is distinguished by the fact that data arc collected by asking question from people who are thought to have the desired information. Questions may be asked in person, or in writing. A format list of such questions is called a Questionnaire The questionnaire is the tool which has been used to collect the data from the customers The need for adequate and reliable data is ever increasing for taking wise decisions in different fields of human activity and business is no exception to it. There are two ways in which the required information may be obtained:
  • 18. 22  Census method  Sampling method Census Method Under this data arc collected for each and every unit (person, household, field, shop, factory, etc.., as the case may be) belonging to the population or universe which is the complete set of items which are of interest in any particular situation. Sampling Method ' The sampling method involves selecting the sample observations from population and studying these observations in order to obtain complete characteristics of population. The sampling methods are basically classified into probability and non-probability sampling methods. In order to select the sample observations (customers) for the present project study, simple random sampling method is applied which involve s each and every sample observation (customer) has an equal chance of being selected. While collecting data from the marketers some times, convenient sampling method is applied also to collect the data from sample observations. Sampling frame: The sampling frame for the present project study constitutes customers of Peter England, marketers belongs to tri cities of Warangal district only.
  • 19. 23 Sample Size: For the purpose of obtaining information. 100 sample observations are selected, hence the sample size is 50 only. Hypothesis:  Set up an experiment or situation to test  Suggest relationships (or lack thereof) between and among variables  Predict causes and relationships prior to testing.  Null  No relationship exists between levels of funding and staffing and the existence of a formal marketing plan.  Alternative  Formal marketing plans exist in institutions with greater levels of funding and staffing. H0:[Null Hypothesis]: To determine overall customer not satisfied with our products or services H1:[Alternative Hypothesis]: To determine overall customer satisfied with our products or services Hence the project accepted [H0:Null Hypothesis]
  • 20. 24 IMPORTANCE OF THE CUSTOMER SATISFACTION Company's primary task is “to create customers" But today's customers face a vast array of product and brand choices, prices and suppliers. How do customers make their choices? We believe that customers estimate which offer will deliver the most value. Customers are value- maximizes, within the bounds of search costs and limited knowledge, mobility, and income. They form and expectation of value and act on it. Then they learn whether the offer lived up to the value expectation and this affects their satisfaction and their repurchase probability. CUSTOMER VALUE Customer delivered value is the difference between total customer value and total customer cost. And total customer value is the bundle of benefits customers expects from a given product or service. CUSTOMER SATISFACTION Satisfaction is the level of a person’s felt state resulting from comparing a product's performance in relation to the person’s expectations. The satisfaction level is a function of the difference between perceived performance and expectations. A customer could experience one of three broad levels of satisfactions. If the performance falls short of expectation, the customer is dissatisfied. If the performance matches the expectations, the customer is satisfied. If the performance exceeds expectations, the customer
  • 21. 25 is highly satisfied, pleased, or delighted. Companies are aiming high because customers who are just satisfied will still find it easy to sy itch suppliers when a better offer comes along. In one consumer packaged-goods category, 44% of those reporting satisfaction subsequently switched brands. Those who are highly satisfied are much less ready to switch. One study showed that 75% of Toyota buyers were highly satisfied and about 75% said they intended to buy a Toyota again. The fact is that high satisfaction or delight creates and emotional affinity with the brand, not just a rational preference, and this creates high customer loyalty. The challenge is to create a company culture such that everyone within the company aims to delight the customer. Unisys, the computer company, recently introduced the term ‘customize*' in its ads. and defined it as follows : ’* To make a company more responsive to its customers and better able to attract new ones.” Unisys sees this as a matter of extending information's system capabilities to field locations and other points of customer contact and support. But “customizing" a company calls for more than providing good information to customer contact employees. The company's staff must be “converted" to practicing a strong customer orientation. Company's staff must be “converted” to practicing a strong customer orientation. Anita Roddick, founder of the Body Shop, wisely observes : “ Our people ( employees) are first line of customers. Companies seeking to win to today's markets must track their customer's expectations, perceived company performance, and customer satisfaction. They need to monitor this for their competitors as well. Consider the following.
  • 22. 26 For customer-centered companies, customer satisfaction is both a goal and a marketing tool. Companies that achieve high customer satisfaction ratings make sure that their target market knows it. Although the customer-centered firm seeks to create high customer satisfaction, it is not out to maximize customer satisfaction. First, the company can increase customer satisfaction by lowering its price or increasing its services, but this may result in lower profits. Second, the company might be able to increase its profitability in other ways, such as by improving its manufacturing or investing more in R &. D. Third; the company has many stakeholders including employees, dealers, suppliers, and stockholders. Spending more to increase customer satisfaction would divert funds from increasing the satisfaction of other "partners" Ultimately, the company must operate on the philosophy that it is trying to deliver a high level of customer satisfaction subject to delivering at least acceptable levels of satisfaction to the other stakeholders within the constraints of its total resources. COMPLAINT AND SUGGESTION SYSTEMS A customer centered organization would make it easy for its customer to deliver suggestions and complaints. Many restaurants and hotels provide forms for guests to report their like and dislikes. A hospital could place suggestion boxes in the corridors, supply comment bikes ads to existing patients, anil hire a patient advocate to handle patient grievances. Some customer- centered companies- P & G. general Electric. Whirlpool-establish “ customer hot lines" to maximize the case with which customers can inquire, make suggestions or complain.
  • 23. 27 A company must not conclude that it can get a full picture of customer satisfaction and is satisfaction by simply running a complaint and suggestion system. Studies show that customers are dissatisfied with one out of every four purchases and less than 5% of dissatisfied customers will complain. Customers may feel that their complaints jrc minor, or that they will be made to feel stupid, or that no remedy will he offered. Most customers will buy less or switch suppliers rather than complain. The result is that the company has needlessly lost customers GHOST SHOPPING Another useful way to gather a picture of customer satisfaction is to hire persons to pose as potential buyers to report their findings on strong and weak points they experienced in buying the company’s and competitor's products. These ghost shoppers can ever, pose certain problems to lest whether the company’s sales personnel handle the situation well. LOST CUSTOMER ANALYSIS Companies should contact customers who have stopped buying or who have switched to another supplier to learn why this happened. When IBM losses a customer, they mount a thorough effort to learn where they failed- is their price too high, their service deficient, and their products unreliable, and so on. Not only is it important to conduct exist interviews but also to monitor the customer loss rate, which if it is increasing, clearly indicates that the company is failing to satisfy its customers.
  • 24. 28 SOME CAUTIONS IN MEASURING CUSTOMERS SATISFACTIONS When customers rate their satisfaction with an element of the company's performance, say delivery, we need to recognize that customers will vary in how they define good delivery. It could mean early delivery, on-time delivery, order competences, and so on. Yet if the company had to spell our every element in detail, customers would face a huge questionnaire. We must also recognize that two customers can report being “highly satisfied" for different reasons. One may be easily satisfied most of the time and the other might he hared to pleasure but was pleased on this occasion. OBSERVATIONS ON CUSTOMERS SATISFACTION Customer satisfaction will be lower in industries where the industry' offers a homogeneous product to a heterogeneous market. On the other hand, industries that supply a high- quality homogeneous product to a homogeneous market will register high satisfaction. Customer satisfaction is lower in industries where repeat buyers face high switching costs. They have to buy from the supplier even though their satisfaction is low. Industries which depend upon repeat business generally create a higher level of customer satisfaction. As a company increases its market share, customer satisfaction can fall. This is because more customers with heterogeneous demands arc drawn into buying a fairly homogeneous product.
  • 25. 29 DELIVERY CUSTOMER VALUE AND SATISFACTION Given the importance of customer value and satisfaction, what does it take to produce and deliver it? To answer this, we need lo introduce the concepts of a value chain and value - delivery systems. VALUE CHAIN New product realization process: all the activities involved in identifying, researching, developing, and successfully laughing new products with speed, high quality, and target cost attainment. Inventory management process: all the activities involved in developing and managing the right inventory locations of raw materials, semi finished materials, and finished goods so that adequate supplies are available while avoiding the costs of high overstocks. Order- to-remittance process: all the activities involved in receiving orders, approving them, shipping the goods on time, and collecting payment. Customer service process; all the activities involved in receiving orders, approving them, shipping the goods on time, and collecting payment. Customer service process: all the activities involved in making it easy for customers to reach the right parties within the company and receive quick and satisfactory service, answers, and resolutions of problems. RETAINING CUSTOMERS Companies .ire not only seeking to improve their relations with their partners in the supply chain. Today they are intent on developing stronger bonds and loyalty with their ultimate customers. In the past, many alternative suppliers were just as deficient in quality and service, or
  • 26. 30 the market was growing so facts that the company did not worry about fully satisfying its customers. The company could lose 100 customers .1 week and gain another 100 customers and a consider its sales to be satisfactory. Customer satisfaction is a term frequently used in marketing. While it's often abbreviated as CSAT, it is more correct to abbreviate it as CSat. It is a measure of how products and services supplied by a company meet or surpass customer expectation. Customer satisfaction is defined as "the number of customers, or percentage of total customers, whose reported experience with a firm, its products, or its services (ratings) exceeds specified satisfaction goals." In a survey of nearly 200 senior marketing managers, 71 percent responded that they found a customer satisfaction metric very useful in managing and monitoring their businesses. It is seen as a key performance indicator within business and is often part of a Balanced Scorecard. In a competitive marketplace where businesses compete for customers, customer satisfaction is seen as a key differentiator and increasingly has become a key element of business strategy. "Within organizations, customer satisfaction ratings can have powerful effects. They focus employees on the importance of fulfilling customers' expectations. Furthermore, when these ratings dip, they warn of problems that can affect sales and profitability.... These metrics quantify an important dynamic. When a brand has loyal customers, it gains positive word-of- mouth marketing, which is both free and highly effective."
  • 27. 31 Therefore, it is essential for businesses to effectively manage customer satisfaction. To be able do this, firms need reliable and representative measures of satisfaction. "In researching satisfaction, firms generally ask customers whether their product or service has met or exceeded expectations. Thus, expectations are a key factor behind satisfaction. When customers have high expectations and the reality falls short, they will be disappointed and will likely rate their experience as less than satisfying. For this reason, a luxury resort, for example, might receive a lower satisfaction rating than a budget motel—even though its facilities and service would be deemed superior in 'absolute' terms." The importance of customer satisfaction diminishes when a firm has increased bargaining power. For example, cell phone plan providers, such as AT&T and Verizon, participate in an industry that is an oligopoly, where only a few suppliers of a certain product or service exist. As such, many cell phone plan contracts have a lot of fine print with provisions that they would never get away if there were, say, 100 cell phone plan providers, because customer satisfaction would be far too low, and customers would easily have the option of leaving for a better contract offer. A business ideally is continually seeking feedback to improve customer satisfaction. "Customer satisfaction provides a leading indicator of consumer purchase intentions and loyalty." "Customer satisfaction data are among the most frequently collected indicators of market perceptions. Their principal use is twofold:"
  • 28. 32 1. "Within organizations, the collection, analysis and dissemination of these data send a message about the importance of tending to customers and ensuring that they have a positive experience with the company's goods and services." 2. "Although sales or market share can indicate how well a firm is performing currently, satisfaction is perhaps the best indicator of how likely it is that the firm’s customers will make further purchases in the future. Much research has focused on the relationship between customer satisfaction and retention. Studies indicate that the ramifications of satisfaction are most strongly realized at the extremes." On a five-point scale, "individuals who rate their satisfaction level as '5' are likely to become return customers and might even evangelize for the firm. (A second important metric related to satisfaction is willingness to recommend. This metric is defined as "The percentage of surveyed customers who indicate that they would recommend a brand to friends." When a customer is satisfied with a product, he or she might recommend it to friends, relatives and colleagues. This can be a powerful marketing advantage.) "Individuals who rate their satisfaction level as '1,' by contrast, are unlikely to return. Further, they can hurt the firm by making negative comments about it to prospective customers. Willingness to recommend is a key metric relating to customer satisfaction." "In literature antecedents of satisfaction are studied from different aspects. The considerations extend from psychological to physical and from normative to positive aspects. However, in most of the cases the consideration is focused on two basic constructs as customers expectations prior to purchase or use of a product and his relative perception of the performance
  • 29. 33 of that product after using it. Expectations of a customer on a product tell us his anticipated performance for that product. As it is suggested in the literature, consumers may have various "types" of expectations when forming opinions about a product's anticipated performance. For example, four types of expectations are identified by Miller (1977): ideal, expected, minimum tolerable, and desirable. While, Day (1977) indicated among expectations, the ones that are about the costs, the product nature, the efforts in obtaining benefits and lastly expectations of social values. Perceived product performance is considered as an important construct due to its ability to allow making comparisons with the expectations. It is considered that customers judge products on a limited set of norms and attributes. Olshavsky and Miller (1972) and Olson and Dover (1976) designed their researches as to manipulate actual product performance, and their aim was to find out how perceived performance ratings were influenced by expectations. These studies took out the discussions about explaining the differences between expectations and perceived performance." In some research studies, scholars have been able to establish that customer satisfaction has a strong emotional (i.e., affective component). Still others show that the cognitive and affective components of customer satisfaction reciprocally influence each other over time to determine overall satisfaction.
  • 30. 34 Especially for durable goods that are consumed over time, there is value to taking a dynamic perspective on customer satisfaction. Within a dynamic perspective, customer satisfaction can evolve over time as customers repeatedly use a product or interact with a service. The satisfaction experienced with each interaction (transactional satisfaction) can influence the overall, cumulative satisfaction. Scholars showed that it is not just overall customer satisfaction, but also customer loyalty that evolves over time. The Disconfirmation Model "The Disconfirmation Model is based on the comparison of customers’ [expectations] and their [perceived performance] ratings. Specifically, an individual’s expectations are confirmed when a product performs as expected. It is negatively confirmed when a product performs more poorly than expected. The disconfirmation is positive when a product performs over the expectations(Churchill & Suprenant 1982). There are four constructs to describe the traditional disconfirmation paradigm mentioned as expectations, performance, disconfirmation and satisfaction." [3] "Satisfaction is considered as an outcome of purchase and use, resulting from the buyers’ comparison of expected rewards and incurred costs of the purchase in relation to the anticipated consequences. In operation, satisfaction is somehow similar to attitude as it can be evaluated as the sum of satisfactions with some features of product." "In the literature, cognitive and affective models of satisfaction are also developed and considered as alternatives(Pfaff, 1977). Churchill and Suprenant in 1982, evaluated various studies in the literature and formed an overview of Disconfirmation process in the following figure:"
  • 31. 35 Construction Organizations need to retain existing customers while targeting non-customers. Measuring customer satisfaction provides an indication of how successful the organization is at providing products and/or services to the marketplace. "Customer satisfaction is measured at the individual level, but it is almost always reported at an aggregate level. It can be, and often is, measured along various dimensions. A hotel, for example, might ask customers to rate their experience with its front desk and check-in service, with the room, with the amenities in the room, with the restaurants, and so on. Additionally, in a holistic sense, the hotel might ask about overall satisfaction 'with your stay.'" Customer Satisfaction Measurement Touch Screen Device In a Hotel As research on consumption experiences grows, evidence suggests that consumers purchase goods and services for a combination of two types of benefits: hedonic and utilitarian. Hedonic benefits are associated with the sensory and experiential attributes of the product. Utilitarian benefits of a product are associated with the more instrumental and functional attributes of the product (Batra and Athola 1990) Customer satisfaction is an ambiguous and abstract concept and the actual manifestation of the state of satisfaction will vary from person to person and product/service to product/service. The state of satisfaction depends on a number of both psychological and physical variables which correlate with satisfaction behaviors such as return and recommend rate. The level of satisfaction can also vary depending on other options the customer may have and other products
  • 32. 36 against which the customer can compare the organization's products. Work done by Parasuraman, Zeithaml and Berry (Leonard L)[9] between 1985 and 1988 provides the basis for the measurement of customer satisfaction with a service by using the gap between the customer's expectation of performance and their perceived experience of performance. This provides the measurer with a satisfaction "gap" which is objective and quantitative in nature. Work done by Cronin and Taylor propose the "confirmation / disconfirmation" theory of combining the "gap" described by Parasuraman, Zeithaml and Berry as two different measures (perception and expectation of performance) into a single measurement of performance according to expectation. The usual measures of customer satisfaction involve a survey using a Likert scale. The customer is asked to evaluate each statement in terms of their perceptions and expectations of performance of the organization being measured Good quality measures need to have high satisfaction loadings, good reliability, and low error variances. In an empirical study comparing commonly used satisfaction measures it was found that two multi-item semantic differential scales performed best across both hedonic and utilitarian service consumption contexts. A study by Wirtz & Lee (2003), found that a six-item 7-point semantic differential scale (for example, Oliver and Swan 1983), which is a six-item 7- point bipolar scale, consistently performed best across both hedonic and utilitarian services. It loaded most highly on satisfaction, had the highest item reliability, and had by far the lowest error variance across both studies. In the study, the six items asked respondents’ evaluation of
  • 33. 37 their most recent experience with ATM services and ice cream restaurant, along seven points within these six items: “pleased me to displeased me”, “contented with to disgusted with”, “very satisfied with to very dissatisfied with”, “did a good job for me to did a poor job for me”, “wise choice to poor choice” and “happy with to unhappy with”. A semantic differential (4 items) scale (e.g., Eroglu and Machleit 1990), which is a four-item 7-point bipolar scale, was the second best performing measure, which was again consistent across both contexts. In the study, respondents were asked to evaluate their experience with both products, along seven points within these four items: “satisfied to dissatisfied”, “favorable to unfavorable”, “pleasant to unpleasant” and “I like it very much to I didn’t like it at all”. The third best scale was single-item percentage measure, a one-item 7-point bipolar scale (e.g., Westbrook 1980). Again, the respondents were asked to evaluate their experience on both ATM services and ice cream restaurants, along seven points within “delighted to terrible”. Finally, all measures captured both affective and cognitive aspects of satisfaction, independent of their scale anchors. Affective measures capture a consumer’s attitude (liking/disliking) towards a product, which can result from any product information or experience. On the other hand, cognitive element is defined as an appraisal or conclusion on how the product’s performance compared against expectations (or exceeded or fell short of expectations), was useful (or not useful), fit the situation (or did not fit), exceeded the requirements of the situation (or did not exceed).
  • 34. 38 Recent research shows that in most commercial applications, such as firms conducting customer surveys, a single-item overall satisfaction scale performs just as well as a multi-item scale. Especially in larger scale studies where a researcher needs to gather data from a large number of customers, a single-item scale may be preferred because it can reduce total survey error Methodologies American Customer Satisfaction Index (ACSI) is a scientific standard of customer satisfaction. Academic research has shown that the national ACSI score is a strong predictor of Gross Domestic Product (GDP) growth, and an even stronger predictor of Personal Consumption Expenditure (PCE) growth.[17] On the microeconomic level, academic studies have shown that ACSI data is related to a firm's financial performance in terms of return on investment (ROI), sales, long-term firm value (Tobin's q), cash flow, cash flow volatility, human capital performance, portfolio returns, debt financing, risk, and consumer spending.[18][19] Increasing ACSI scores has been shown to predict loyalty, word-of-mouth recommendations, and purchase behavior. The ACSI measures customer satisfaction annually for more than 200 companies in 43 industries and 10 economic sectors. In addition to quarterly reports, the ACSI methodology can be applied to private sector companies and government agencies in order to improve loyalty and purchase intent. ASCI scores have also been calculated by independent researchers, for example, for the mobile phones sector, higher education, and electronic mail.
  • 35. 39 The Kano model is a theory of product development and customer satisfaction developed in the 1980s by Professor Noriaki Kano that classifies customer preferences into five categories: Attractive, One-Dimensional, Must-Be, Indifferent, Reverse. The Kano model offers some insight into the product attributes which are perceived to be important to customers. SERVQUAL or RATER is a service-quality framework that has been incorporated into customer-satisfaction surveys (e.g., the revised Norwegian Customer Satisfaction Barometer) to indicate the gap between customer expectations and experience. J.D. Power and Associates provides another measure of customer satisfaction, known for its top-box approach and automotive industry rankings. J.D. Power and Associates' marketing research consists primarily of consumer surveys and is publicly known for the value of its product awards. Other research and consulting firms have customer satisfaction solutions as well. These include A.T. Kearney's Customer Satisfaction Audit process,[25] which incorporates the Stages of Excellence framework and which helps define a company’s status against eight critically identified dimensions. For B2B customer satisfaction surveys, where there is a small customer base, a high response rate to the survey is desirable.[26] The American Customer Satisfaction Index (2012) found that response rates for paper-based surveys were around 10% and the response rates for e- surveys (web, wap and e-mail) were averaging between 5% and 15% - which can only provide a straw poll of the customers' opinions.
  • 36. 40 INDUSTRY PROFILE & COMPANY PROFILE Peter England established first factory in 1889 at Derry, Ireland. Upon the special request by the British Military, Peter England provided the troops fighting the English front lines with battle ready apparel. Madura Fashion & Lifestyle gained the world rights for the brand in 2000. Peter England is the largest menswear brand in India with over 5 million garments sold every year. First launched by Madura Fashion & Lifestyle (then known as Madura Garments) in the mid-price shirt segment in 1997, the company acquired the world rights for the brand in the year 2000. Today, Peter England has a strong national presence with 643 exclusive stores and over 1600 multi-brand outlets in more than 300 towns. Peter England is universally accepted amongst its millions of consumers for its standardised fits, superior quality, wide range and 'fashion-right' styles in its segment, making it the most trusted brand amongst consumers in the readymade apparel category, as per a recent study conducted by Brand Equity, Economic Times. With offerings in the mid-priced value for money range, Peter England brings formal wear for young men in the early years of their career. The product assortment includes shirts, trousers, suits, blazers and accessories for everyday and special occasions. It also offers relaxed office wear and weekend casual wear through its Peter England Elements line. This is an eclectic and stylish casual wardrobe including washed cotton shirts, denims, cargoes, jackets, sweaters and accessories.
  • 37. 41 Peter England Elite Peter England also offers a complete range of sub-premium formals through its sub-brand Peter England Elite, meant for the young manager. The wardrobe includes a complete array of fine-crafted formal shirts and trousers, sharp suits and blazers, and accessories. The look is progressive, international, and one of understated elegance. Peter England partners with the IPL team, Chennai Super Kings, as the official off-the- field apparel sponsor. Building on that relationship, the brand has launched an exclusive product line called PE-CSK, which reflects the sporty-casual attitude of the team. A recent foray for Peter England has been in the world of clubwear, called Peter England Party. This line offers affordable club wear with mainstream sensibilities. Peter England etched its beginnings in the latter half of the 19th century, when the foundation for a five-storey building was laid in Londonderry, Ireland, in the summer of 1885. By the turn of the century, the British war ministry placed an order with Peter England to outfit the troops being sent to fight in the Boer War. This marked a turning point in the history of the brand. The order meant that the highest quality apparel had to be delivered at a good price, a challenge that Peter England met with outstanding success. Charged with the honourable duty of outfitting British troops for battle, Peter England was born, donning the soldiers in the finest khaki. Since then, Peter England's popularity has filled chapters of clothing history, by offering excellent quality at honest-to-goodness prices. Today, Peter England is the largest menswear brand in India with over 10 million garments in sales.
  • 38. 42 Core value, mission and vision of the brand: The brand's vision is to become the most loved apparel brand of India offering clothes and accessories of unmatched value, to help young consumers realise their full potential. Its core values lie in its goal to be its consumers' preferred choice while being the country's most trusted as well as the most exciting brand to be present in the retail sector. The brand's USP: Peter England, specifically PE Jeans, is imagined and built on three basic philosophies: sustainability, fusion and fashion. Peter England sensitises fashion and evokes an emotion that truly symbolises the brand as most exciting as well as most trusted amongst consumers in the readymade apparel category. First to the brand's credit: In its journey of 17 years in India, Peter England has registered many firsts to its credit. Peter England was the first mid-priced menswear apparel brand in India. The brand was one of the first to introduce wrinkle-free shirts and trousers with adjustable waistbands. English Cottons, one of Peter England's first signature collections, made up of premium cotton blends, found immediate acceptance with consumers. It is also the only brand in India to have a design patent for one of its own products — Cordeans, by PE Jeans. Cordeans is a hybrid between corduroy and jeans. This is indeed a 'first' not only to the brand's credit but a first in the retail industry as a whole. Peter England's innovative Oxygeans saves 80 litre of water during its production phase and it has several awards and accolades to its credit. Razor sharp is a hugely popular shirt from the brand's stable. The product is a formal shirt with extremely sharp and crisp stripes like none other. This sharp nature of stripes is achieved by
  • 39. 43 a special technique of weaving. Among others, the brand has at quick intervals launched innovative products for specific occasions, such as Aqua Tech shirts (it keeps the wearer cool and comfortable due to a unique enzyme wash), Smart Pants (a collection of trousers with smart features like anti-wrinkle, water resistance and anti-microbial wash among others and N9 finish on jeans (which keeps the jeans free from odour and microbes). Awards and achievements registered by the brand: The brand started 2014 with 3 consecutive wins at the most prestigious awards in the retail industry. These included Gold for the 'Best Store Front' and 'Best Store Front Signage', along with a Merit 2 for 'Western Fashion Apparel - Specialty Store' at the visual merchandising and Retail Design (VM&RD) awards, 2014. The brand was also awarded winner of the 'Images Most Admired Fashion Design Concept of the Year' for its innovative product 'Oxygeans' at the Images Fashion Awards 2014, held in Mumbai. Peter England was also awarded the most trusted brand award by ET for 6 consecutive years and the most exciting brand by ET for 2 years in a row. Target consumers: As the brand has a diverse range of products in its portfolio, they meet the needs of a wide variety of audience. The target audience of the brand would stand as: PE Jeans & Casuals: They are between 18-25 years. Peter England Traditions & Ethnic: It is for the 25-30 years customers. Elite & Elite Sport: This targets 30 years and above customers. Product assortment: It provide its customers a diverse collection along with unique innovations. Championing the concept of 'Young Formals' — smart and stylish formalwear for
  • 40. 44 young men in the early years of their career — Peter England has collection that comprises a diverse range of casuals, semi-formals, wedding and ethnic wear (suits and blazers, and party wear) among various others. In addition, Peter England's Elite and Elite Sport collection is a range that exudes confidence and authority and is meant for the suave and the sophisticated. Most iconic collection from the brand: One of the most iconic collections from Peter England is the Oxygen’s collection, which is an eco-friendly line of jeanswear that saves approximately 80 litres of water, per pair through indigenously developed washing methods. The same product was recognised as the winner of the 'Images Most Admired Fashion Design Concept of the Year', earlier this year. Top advertising campaigns from the brand: Peter England has been associated with quite a number of celebrities ever since its launch in India. Parvin Dabbas and Shiney Ahuja were among the first faces of the brand in the country. Since then, the brand has formed associations with MS Dhoni and the team of Chennai Super Kings and Siddharth. Kareena Kapoor Khan was also associated with Peter England when the brand launched the suits for the first time in early 2004. Total no. of EBOs: The brand has over 600 EBOs currently. Total no. of MBOs and LFS: The brand has more than 2,000 MBOs in its network. The brand also has presence in over 300 shop-in-shops in key large format stores like Max, Reliance Trends, Central, Pantaloons and family-owned large format stores.
  • 41. 45 Online retail: Peter England market their products through their in-house fashion portal trendin.com; and through leading portals like Myntra, Flipkart and Snapdeal. The brand inspires visitors on the online space with PE styling and showcases the best of PE products on the medium. The brand has strengthened its social media presence engaging and conversing real- time with customers and creating and fostering inspirational stories. It has been conversing, engaging and educating customers about what Peter England is all about. Furthermore, with brands constantly looking for ways to connect with their target audience and engage with them. By actively involving their consumers on social media, Peter England has been able to create a two-way communication system, which connects the brand with its target audience in a better way, resulting in an enhanced consumer experience. The perfect example for the above is #TweetaGoal where Peter England invited fans to play the world's first game of football on Twitter. A platform where style met passion, the concept was so unique and engaging that it started trending on trendsmap within a day itself! With double fun and excitement, this contest showed that by thinking out of the box one could really get people to connect and engage with the brand on a different level. Following an initial buzz about the campaign, a micro site was launched that gave the details on how to play besides telling about winning goodies and the list of winners.
  • 42. 46 To stimulate the actual intensity of a football match, 'on field' rules were replicated on the online space as well. This activity received overwhelming response from the audience and the brand successfully used this medium to win over its target consumers across the country. The brand went out the extra mile to create a real life experience, which truly was a 'goal in one'! The site saw a high level of interest and involvement from the audience as a total impression of 26.7 million and a total reach of 5.17 lakh was reached. The love and enthusiasm that was received by the fans was overwhelming as the virtual presence of the game was so lifelike, that people felt they were actually playing on the field! Export markets for the brand include many Middle East countries like Dubai, Bahrain, Quwait, Doha, Saudi Arabia as well as SAARC countries like Sri Lanka and Nepal. The brand has about 50 shop-in-shops in these markets. Market share and future aspirations: The brand sells about half a million denims per year and it plans to take it up to a million in the next 2-3 years. Green initiatives: Peter England was one of the first brands in the country to create 'Sustainable Jeans Fashion'; its Oxygen’s has been a part the portfolio for over 5 seasons now. It sold 62,748 Oxygeans in 2013, and saved 13,26,101 gallons of water, making it a one of a kind of achievement. Expert take on the Indian denim market: The denim market specifically is growing at 50-60 per cent year-on-year and is a category that continues to expand. As the market increasingly
  • 43. 47 moves towards casuals and denims, PE Jeans has helped reach out to the younger working professionals of India. At Peter England, the team believes that jeans is not only the most exciting but the fastest growing lifestyle evolution. Trends for the upcoming season: The Autumn-Winter '14 collection is built around the theme 'Young India' or 'India Cool'. With its cool and refreshing look, the collection promises to be as quirky, fun and original as the brand itself. Madura Fashion & Lifestyle, a division of Aditya Birla Fashion and Retail Ltd, is one of India’s fastest growing branded apparel companies and a premium lifestyle player in the retail sector. After consolidating its market leadership with its own brands, it introduced premier international labels, enabling Indian consumers to buy the most prestigious global fashion wear and accessories within the country. The company’s brand portfolio includes product lines that range from affordable and mass-market to luxurious, high-end style and cater to every age group, from children and youth to men and women. Madura Fashion & Lifestyle is defined by its brands — Louis Philippe, Van Heusen, Allen Solly, Peter England and People — that personify style, attitude, luxury and comfort. Madura Fashion & Lifestyle reaches its discerning customers through an exclusive network comprising 1,980 stores (as on September 2015), covering 2.5 million sq ft of retail
  • 44. 48 space, and is present in more than 3,800 premium multi-brand stores and 490+ departmental stores. The company's lifestyle store, The Collective, offers a unique blend of global fashions, international trends and innovative customer services, to customers in Bangalore, Mumbai, Delhi, Delhi NCR, Chandigarh, Pune and Chennai. With 231 stores across 164 towns, Planet Fashion is one of the largest apparel retail chain of its kind in the country. The winning retail model has been successful not only in premium locations, but also in smaller towns such as Udupi, Bareilly and Dehradun. Planet Fashion is one of the largest chain of stores of its kind in India, with an average store footprint that ranges from 1,500-6,000 sq ft depending on its location. Recently, Planet Fashion decided to overhaul its brand identity to cater to the discerning tastes of today’s urbane Indian male. As part of this re-branding exercise, Planet Fashion’s new logo features the ‘Infinity’ symbol in red and white, with a black accent. Crafted on the principles of formals, fashion, fun and friends, Planet Fashion’s new brand identity is youth- centric and symbolises unlimited fashionable and stylish options for the progressive Indian man. Madura Fashion & Lifestyle marked its foray into the luxury mono brand business in India by launching the quintessential British men's luxury clothing and accessories brand Hackett London through a joint venture with the UK firm.
  • 45. 49 Recently, the company launched Trendin.com, a one-stop shopping destination for the style conscious. As the official online store showcasing the widest range of merchandise from Louis Phillipe, Van Heusen, Allen Solly, Peter England and People, Trendin.com caters to both men and women. With the best talent in the fields of design, manufacturing and product development, Trendin.com brings contemporary, chic, fashion forward sensibility at price points that work with every budget. Each of the company’s brands has an integrated Design Department, which is constantly at work on innovating designs, concepts and products by incorporating the latest international trends in fashion and clothing styles. Madura Fashion & Lifestyle, an IT and web-enabled organisation, is the first-ever apparel company to have successfully implemented the ERP SAP system. It is also the first company globally to integrate Retek ERP with SAP ERP. Always at the cutting edge of fashion and innovation, Madura Fashion & Lifestyle has for over a decade now sourced technology, fabrics and garments globally. Madura Fashion & Lifestyle is a global supplier for premium international brands such as Esprit, S’Oliver, MONOPRIX. Madura Fashion & Lifestyle harnesses the power of young, driven professionals from the country’s best professional institutes and companies. For years now, empowered and motivated employees have propelled Madura Fashion & Lifestyle towards achieving quality, customer service, design and brand equity comparable to the best worldwide.
  • 46. 50 Madura Fashion & Lifestyle has ISO-9001-2000 accreditation with periodic internal audits. It's manufacturing division recently became the first apparel manufacturing unit to win one of India's most prestigious quality excellence award, the Ramkrishna Bajaj National Quality award, instituted jointly by the Indian Merchants Chamber and the house of Bajaj. Madura Fashion & Lifestyle sources only from factories that are compliant with the Factory Act, and each factory is independently audited by the International Textile Services (ITS) and Société Générale de Surveillance (SGS) for international clients such as Louis Philippe, Marks & Spencer and Van Heusen. Madura Fashion & Lifestyle is one of the fastest growing branded apparel companies, recording a blistering growth rate of over 25 per cent year-on-year.
  • 47. 51 DATA ANALYSIS I. Customer's response on age group S.No AGE NO OF RESPONDENTS PERCENTAGE OF RESPONDENTS (%) 1 Less than 30 19 38 2 30-35 13 26 3 35-40 12 24 4 40 & above 6 12 TOTAL 50 100 INTERPRETATION: From graph it can be seen that majority of the respondents are satisfied with the results of Customers response on Age group. ANALYSIS: From the data of the samples collected regarding the age of the customers, it is clearly understand by the data collected are that nearly 38% of the age group are under below 30 years and 26% of the age group under between 30 and 35 years of age group. 24% of the age group under between 35-40 and rest of them are above the age group of the 40 years. 0 5 10 15 20 Less Than 30 30-35 35-40 40 & Above No. Of Respondents No. Of Respondents
  • 48. 52 2. Customer's response on Income per annum. S.No INCOME IN Rs. NO OF RESPONDENTS PERCENTAGE OF RESPON DENTS (%) l Less than 150000 8 16 2 150000-200000 12 24 3 200000-250000 19 38 4 250000 & above 11 22 TOTAL 50 100 INTERPRETATION: From graph it can be seen that majority of the respondents are satisfied with the results of Customers response on Income per annum. ANALYSIS: From the samples collected above regarding the income of the customers, it has been clearly understood by the data collected that nearly 16% of the customers are earning income around less than Rs. 150000 per annum. 24% of the customers are earning income between Rs.l50000- Rs.200000. 38% of the customers are earning income under between Rs.200000-Rs.250000 and rest of them are earning income more than Rs.250000. 0 5 10 15 20 No. Of Respondents No. Of Respondents
  • 49. 53 3. Customers response on Number of Kilometer traveled/Covered. S.No KMS NO OF RESPONDENTS PERCENTAGE OF RESPONDENTS (%) l Less than 10000 11 22 2 10000-15000 22 44 3 15000-20000 12 24 4 20000 & above 5 10 TOTAL 50 100 INTERPRETATION: From graph it can be seen that majority of the respondents are satisfied with the results of Customers response on Number of Kilometer traveled Covered. ANALYSIS: As per the samples collected regarding the kilometers traveled till the date by the cloths of the customers, it has been clearly understand by the data collected are that nearly 22% of the clothss of the customers arc traveled less than 10000 kms, 44% of the clothss of the customers are traveled between 10000Km-15000kms. 24% of the clothss of the customers traveled between 15000-20000 and rest of the clothss are traveled above the 20000kms. 0 5 10 15 20 25 Lessthan 10000 10000-15000 15000-20000 20000 & Above No. Of Respondents
  • 50. 54 4. Customers response on preventive maintenance regularly. S.No WHETHER PREVENTIVE MAINTENANCE UNDERTOOK NO OF RESPONDENTS PERCENTAGE OF RESPONDENTS 1 YES 50 100 2 NO 0 0 TOTAL 50 100 INTERPRETATION; From graph it can be seen that majority of the respondents are satisfied with the results of Customers response on preventive maintenance regularly. ANALYSIS: As per the samples collected regarding the maintenance of the clothss by the customers are clearly indicating that of. all the customers are regularly taking preventive maintenance regularly. 0 10 20 30 40 50 60 YES NO No. Of Respondents No. Of Respondents
  • 51. 55 5. Customers response on selection of preventive maintenance. S.No PREVENTIVE MAINTENANCE AT WHERE NO OF RESPONDENTS PERCENTAGE OF RESPONDENTS (%) 1 Authorized workshop 34 68 2 Road side shop 16 32 TOTAL 50 100 INTERPRETATION: From graph it can be seen that majority of the respondents are satisfied with the results of Customers response on selection of preventive maintenance. ANALYSIS: From the above data which has been collected regarding the maintenance of the clothss of the customers are clearly indicating that of 68% of the customers are regularly taking preventive maintenance at Authorized work shop and rest are at them taking their maintenance at road side shop 0 1 2 3 4 5 Authorozed Road Side Shop No. Of Respondents No. Of Respondents
  • 52. 56 6. Customers response on whether the cloths taken under finance. S.No WHETHER TAKEN UNDER FINANCE NO OF RESPONDENTS PERCENTAGE OF RESPONDENTS (%) 1 YES 26 52 2 NO 24 48 TOTAL 50 100 INTERPRETATION: From graph it can be seen that majority of the respondents are satisfied with the results of Customers response on whether the cloths taken under finance. ANALYSIS: From the data of the samples collected regarding the finance taken by the customers are clearly indicating that of 52% of the customers are taken under finance and rest of the customers are taken their cloths own. 23 23.5 24 24.5 25 25.5 26 26.5 Yes No No. of Respondents No. of Respondents
  • 53. 57 7. Customers response on level of satisfaction. S. No LEVEL OF SATISFACTION NO OF RESPONDENTS PERCENTAGE OF RESPONDENTS (%) 1 Highly satisfied 4 15 2 Satisfied 10 39 3 Average 6 23 4 Dissatisfied 2 8 5 Highly dissatisfied 4 15 TOTAL 26 100 INTER PRETATION: From graph it can be seen that majority of the respondents are satisfied with the results of Customers response on level of satisfaction. ANALYSIS: From the above data which has been collected regarding the customers who are taken their cloths under finance, are been understood that 15% of the customers arc been highly satisfied. 39% of the customers are satisfied. 23% of the customers arc average. 8% of the customers are been dissatisfied with the finance and the rest of them are been highly dissatisfied with the financial services provided by the company. 0 2 4 6 8 10 12 N. Of Respondents N. Of Respondents
  • 54. 58 8. Customers response on rate of satisfaction regarding customer Relationship Management S.No LEVEL OF SATISFACTION NO OF RESPONDENTS PERCENTAGE OF RESPONDENTS (%) 1 Highly satisfied 10 20 2 Satisfied 21 42 3 Average 12 24 4 Dissatisfied 4 8 5 Highly dissatisfied 3 6 TOTAL 50 100 INTERPRETATION: From graph it can be seen than majority of the respondents are satisfied with the results of Customers response on rate of satisfaction regarding customer Relationship Management (CRM). ANALYSIS: As per the samples collected regarding the customer relationship management with the dealer has been identified that 20% of the customers are highly satisfied, 42% of the customers are been satisfied. 24% of the customers are average. 8% of the customers are been dissatisfied, and rest of the customers are highly dissatisfied with customer relationship management with the dealers. 0 5 10 15 20 25 No. Of Respondent No. Of Respondent
  • 55. 59 9. Customer’s response on satisfaction regarding the availability of the spares. S.No LEVEL OF SATISFACTION NO OF RESPONDENTS PERCENTAGE OF RESPONDENTS (%)1 Highly satisfied 12 24 2 Satisfied 20 40 3 Average 12 24 4 Dissatisfied 4 8 5 Highly dissatisfied 2 4 TOTAL 50 100 INTERPRETATION: From graph it can be seen that majority of the respondents arc satisfied with the results of. Customer’s response on satisfaction regarding the availability of the spares. ANALYSIS: As per the samples collected regarding the satisfaction of the customers regarding the availability of spares of the cloths it has been identified that 24% of the customers are highly satisfied, 40% of the customers are satisfied. 24% of the customers are been average, 8% of the customers are been dissatisfied, and rest of the customers are highly dissatisfied with the availability of spares of the cloths. 0 5 10 15 20 25 Highly satisfied Satisfied Average Dissatisfied Highly dissatisfied NoOf Respondents NoOf Respondents
  • 56.
  • 57. 61 10. Customers response regarding price of the cloths. S.No LEVEL OF SATISFACTION NO OF RESPONDENTS PERCENTAGE OF RESPONDENTS 1 Very reasonable 13 26 2 Reasonable 22 44 3 Not so costly 6 ' 12 4 Costly 7 14 5 Very costly 2 4 TOTAL 50 100 INTERPRETATION: From graph it can be been that majority of the respondents are satisfied with the results of Customers response regarding price of the cloths. ANALYSIS: As per the samples collected regarding the price of the cloths that how well they are satisfied with the price it has been identified that 26% of the customers are said that it is very reasonable, 44% of the customers are said that it is reasonable. 12% of the customers are said that it is not so costly, 14% of the customers are said that it is costly and rest of the customers are said that it is very costly. 0 5 10 15 20 25 No. Of Respondents No. Of Respondents
  • 58. 62 11. Customers response on satisfaction regarding services provided by the dealer. S.No LEVEL OF SATISFACTION NO OF RESPONDENTS PERCENTAGE OF RESPONDENTS (%) 1 Highly satisfied 13 26 2 Satisfied 24 T 48 3 Average 7 14 4 Dissatisfied 4 8 5 Highly dissatisfied 2 " 4 TOTAL 50 100 INTERPRETATION: From graph it can be seen that majority of the respondents arc satisfied with the results of Customers response on satisfaction regarding services provided by the dealer. ANALYSIS: From the samples collected about the services provided by the dealer that how well they are satisfied with the service it has been found that 26% of the customers are highly satisfied, 48% of the customers are satisfied. 14% of the customers are * average. 8% of the customers are dissatisfied, and the rest of the customers are highly dissatisfied. 0 5 10 15 20 25 30 No.Of Respondents No.Of Respondents
  • 59. 63 12. Customers opinion on satisfaction regarding services provided by the company. S.No LEVEL OF SATISFACTION NO OF RESPONDENTS PERCENTAGE OK RESPONDENTS (%) l Highly satisfied 14 28 2 Satisfied 25 50 3 Average 9 18 4 Dissatisfied 2 4 5 Highly dissatisfied 0 0 TOTAL 50 100 INTERPRETATION: From graph it can be seen that majority of the respondents are satisfied with the results of Customers opinion on satisfaction regarding services provided by the company. ANALYSIS: From the samples collected about the services provided by the company that how well they are satisfied with the service it has been identified that 28% of the .customers are highly satisfied, 50% of the customers are satisfied. 18% of the customers arc average, and the rest of the customers are dissatisfied. 0 5 10 15 20 25 30 No. Of Respondents No. Of Respondents
  • 60. 64 13. Customers response on crucial factor in satisfying the customer? S. No CRUCIAL FACTOR NO OF RESPONDENTS PERCENTAGE OF RESPONDENTS (%) 1 Price 22 44 2 Company Service 8 16 3 Dealer Service 6 12 4 Company reputation 14 28 TOTAL 50 100 INTERPRETATION: From graph it can he seen that majority of the respondents are satisfied with the results of Customers response 011 crucial factor in satisfying the customer. ANALYSIS: As per the samples collected regarding the crucial factor in satisfying the customer has been identified as that 44% of the customers arc said that price is that crucial factor, 16% of the customers are said that company service as the crucial factor. 12% of the customers are said that dealer serv ice is the crucial factor and the rest of the customers are said that company reputation is been the crucial factor in satisfying the customer. 0 5 10 15 20 25 Price Company Service Dealer Service Company Reputation No. Of Respondents No. Of Respondents
  • 61. 65 14. Customers response on overall satisfaction level in purchasing the Peter England product. S. No LEVEL OF SATIFACTION NO OF RESPONDENTS PERCENTAGE OK RESPONDENTS (%) 1 Highly satisfied 14 28 2 Satisfied 26 52 3 Average 8 16 4 Dissatisfied 2 4 5 Highly dissatisfied 0 0 TOTAL 50 100 INTERPRETATION: From graph it can be seen that majority of the respondents are satisfied with the results ot Customers response on overall satisfaction level in purchasing the PETER ENGLAND product. ANALYSIS: As per the samples collected regarding the overall satisfaction regarding the purchase of the PETER ENGLAND product it has been clearly identified that how well they are satisfied with the PETER ENGLAND product it has been identified that 28% of the customers are highly satisfied. 52% of the customers are satisfied. 16% of the customers are average, and the rest of the customers are dissatisfied. 0 5 10 15 20 25 30 No. of Respondents No. of Respondents
  • 62. 66 15. Customers response recommending PETER ENGLAND product to the others. S.No RECOMMENDED TO OTHERS NO OF RESPONDENTS PERCENTAGE OF RESPONDENTS (%) I YES 28 56 2 NO 22 44 TOTAL 50 100 INTERPRETATION: From graph it can be seen that majority of the respondents are satisfied with the results of Customers response recommending PETER ENGLAND product to the others. ANALYSIS: In the study which has been conducted that to know whether the customer has recommended the PETER ENGLAND cars to any other person it has found that 56% of the customers are been already recommended the PETER ENGLAND cars to their friends and other neighbors and rest are till the date not recommended to any other person. 0 5 10 15 20 25 30 Yes No No. Of Respondents No. Of Respondents
  • 63. 67 I6.Customer Satisfaction Level In Purchasing of the Peter England Product? S.No LEVEL OF SATISFACTION NO OF RESPONDENTS PERCENTAGE OF RESPONDENTS (%) 1 Highly satisfied 14 28 2 Satisfied 26 52 3 Average 8 16 4 Dissatisfied 2 4 5 Highly dissatisfied 0 0 TOTAL 50 100 INTERPRETATION: From graph it can be seen that majority of the respondents are satisfied with the results of Customer Satisfaction Level In Purchasing of the Peter England Product. ANALYSIS: As per the samples collected regarding the overall satisfaction regarding the purchase of the PETER ENGLAND product it has been clearly identified that how well they are satisfied with the PETER ENGLAND product it has been identified that 28% of the customers are highly satisfied, 52% of the customers are satisfied. 16% of the customers are average, and the rest of the customers are dissatisfied. 0 5 10 15 20 25 30 NO. Of Respondents NO. Of Respondents
  • 64. 68 17.Crucial Factor in Satisfying I he customer? S.No CRUCIAL FACTOR NO OF RESPONDENTS PERCENTAGE OF RESPONDENTS (%) 1 Price 22 44 2 Company Service 8 16 a j Dealer Service 6 12 4 Company reputation 14 28 TOTAL 50 100 INTERPRETATION: From graph it can be seen that majority of the respondents are satisfied with the Customer Satisfaction Regarding Services Provided by the Dealer. ANALYSIS: As per the samples collected regarding the crucial factor in satisfying the customer has been identified as that 44% of the customers are said that price is that crucial factor, 16% of the customers are said that company service as the crucial factor, 12% of the customers are said that dealer service is the crucial factor and the rest of the customers are said that company reputation is been the crucial factor in satisfying the customer. 0 5 10 15 20 25 Price Company Service Dealer Service Company reputation No. Of Respondents No. Of Respondents
  • 65. I 69 18. Customer Satisfaction Regarding Services Provided by the Dealer? INTERPRETAT1QN: From graph it can be seen that majority of the respondents arc satisfied with the Customer Satisfaction Regarding Services Provided by the Company. ANALYSIS: From the samples collected about the services provided by the dealer that how- well they are satisfied with the service it has been found that 26% of the customers are highly satisfied. 48% of the customers are satisfied. 14% of the customers are average, 8% of the customers are dissatisfied, and the rest of the customers arc highly dissatisfied 0 5 10 15 20 25 NO. Of respondents NO. Of respondents S.No LEVEL OF SATISFACTION NO Of RESPONDENTS PERCENTAGE OF RESPONDENTS (%) l Highly satisfied 13 26 2 Satisfied 4 _ . 48 3 Average . . _ • . 7 14 4 I Dissatisfied 10 8 1 5 Highly dissatisfied 21 4 TOTAL 50 100
  • 66. 70 19.Customer Satisfaction Regarding Services Provided by the Company? S.No LEVEL OF SATISFACTION NO OF RESPONDENTS PERCENTAGE OF RESPONDENTS (%) 1 Highly satisfied 14 28 2 Satisfied 25 50 3 Average 9 18 4 Dissatisfied 2 4 5 Highly dissatisfied 0 0 TOTAL 50 100 INTERPRETATION: From graph it can be seen that majority of the respondents are satisfied with the Factor in Satisfying The customer. ANALYSIS: From the samples collected about the services provided by the company that how w ell they are satisfied with the service it has been identified that 28% of the customers arc highly satisfied, 50% of the customers ;ire satisfied. 18% of the customers are average, and the rest of the customers are dissatisfied. 0 5 10 15 20 25 30 Highly satisfied Satisfied Average Dissatisfied Highly dissatisfied No. Of Respondents No. Of Respondents
  • 67. 71 20.Customer Satisfied with the Financial Services? S.No LEVEL OF SATISFACTION NO OF RESPONDENTS PERCENTAGE OF RESPONDENTS (%) 1 Highly satisfied 16 15 2 Satisfied 10 39 3 Average 6 23 4 Dissatisfied 8 8 5 Highly dissatisfied 10 15 TOTAL 50 100 INTERPRETATION: From the above data which has been collected regarding the customers who are taken their cloths under finance, are been understood that 15% of the customers arc been highly satisfied, 39% of the customers are satisfied. 23% of the customers are average. S% of the customers are been dissatisfied with the finance and the rest of them are been highly dissatisfied with the financial services provided by the company. 0 5 10 15 20 Highly satisfied Satisfied Average Dissatisfied Highly dissatisfied No. of Respondents No. of Respondents
  • 68. 72 FINDINGS  The majority of the customers are in the age group below 30 which shows the PETER ENGLAND products are attracting the younger generation.  In the income wise it has been found out that the majority of the customers arc canting more than Rs.200000 to Rs.250000 per annum  By the clothes which are brought in the time period it has been concluded that the more number of cars arc traveled more than 10000 kilometers till date.  All of the customers are regularly taking the preventive maintenance and among them the more percentage of the customers are going to the company’s authorized workshops rather than the road side shops.  It has been understood their half of the customers arc utilized the financial services providing by the company and among them the half of the cloths owners who brought their cloths in finance arc satisfied with the financial services of the company
  • 69. 73 SUGGETIONS  Since younger generation is being attracted more towards PETER ENGLAND products, it is suggested that the company gives more importance to this sector in designing the product and in advertising the product  It is suggested to maintain the same type of Customer Relationship Management since the customers are satisfied with this It has been found out that the price is the key factor in the satisfying the customers which follow by the company reputation as an key factor in the study.  When coming to the overall satisfaction level of the customers in the buying of the I A i A product it has been found that more percentage of the customers are satisfied with the PETER ENGLAND product.  More than half of the customers are suggested the PETER ENGLAND cars to their friends, relations ctc.
  • 70. 74 Conclusion Customer satisfaction is addressed as a strategic business development tool. Customer satisfaction does have a positive effect on an organization's profitability, satisfied customers form the foundation of any successful business as customer satisfaction leads to repeat purchase, brand loyalty, and positive word of mouth. Satisfied customers are most likely to share their experiences with other people to the order of perhaps five or six people. Equally well, dissatisfied customers are more likely to tell another ten people of their unfortunate experience. Research has demonstrated that even a difference between a totally satisfied customer and a somewhat satisfied customer could lead to an increased revenue contribution of a factor 2.6. Quite often fundamental causal modelled interdependencies among B2B customer satisfaction processes are lacking. Instantly this makes it difficult to point out the antecedents and relationships of customer satisfaction. Estimation of the extent of customer satisfaction is habitually based on the collective interpretation of customer complaints handled as administrated and individual interpretation of face-2-face meetings between employees and customers. For that reason statistical confidence, accuracy and representativeness easily lack quantitative significance and lead to unreliable quantitative trend analyses.
  • 71. 75 Bibliography Book references: Hill, N. (1996). Handbook of Customer Satisfaction Measurement. Aldeshot: Gower Publishing Howard, J.A. and Seth, J.N. (1969). The Theory of Buyer Behavior. N.Y.: John Wiley and Sons. McDaniel, C. Gitman, L. . (2008). The future of business: The essential. Southwestern. Wallard, K. V. (2005). Loyalty myths. Maryland, Virginia: Wiley and Sons. Internet Sources: Company profile. (2008). Retrieved March 24, 2009, from http://www.davidsalon.com.ph/. About Ricky. (2008). Retrieved March 24, 2009, from http://www.rickyreyes.com/. Info-Tech Research Group (2003). Questions for employee satisfaction surveys. Retrieved January 29, 2009, from http://www.hrpao.org/files/surveyquestions.pdf.
  • 72. 76 A questionnaire on CUSTOMER SATISFACTION TOWARDS PETER ENGLAND Respondent's name Occupation: Address 1. Which age group does you belongs to? ( ) a. Less than 30 b. 30-35 c. 35-40 d. 40 & above. 2. Select the Income per annum which you arc obtaining? ( ) a. Less than 1. 50.000 b. 150000-200000 c. 200000-250000 d.250000 &above. 3. Select the number of kilometers travelled? ( ) a. Less than 10000 b. 10000-15000 c. 15000-20000 d.20000 & above. 4. Do you take preventive maintenance regularly? ( ) a. Yes b. No. 5. Select the place in which you take the preventive maintenance? ( ) a. Authorized Workshop b. Road side shop. 6. Do you take you cloths under finance? ( ) a. Yes b. No. 7 If yes. select the level of satisfaction with the financial services? ( ) a. Highly satisfied b. Satisfied c. Average d. Dissatisfied e. Highly dissatisfied. 8. Select the rate of satisfaction regarding Customer Relationship Management? ( ) a. Highly satisfied b. Satisfied c. Average d. Highly dissatisfied.
  • 73. 77 9. Select the satisfaction level in which you feel on the availability of the spares? ( ) a. Highly satisfied b. satisfied c. Average d. Dissatisfied e. Highly dissatisfied 10. Select the satisfaction in which you have on price of the cloths? ( ) a. Very reasonable b. Reasonable c. Noise costly d. Costly e. Very costly 11. Select the level of satisfaction which you have on services provided by the dealer? ( ) a. Hi gill y satisfied b. Satisfied c. Average d. Dissatisfied. 12. Select the level of satisfaction which you have on services provided by the Company? ( ) a. Highly satisfied b. Satisfied c. Averse d. Dissatisfied e. Highly dissatisfied. 13. In your perception what is the crucial factor in satisfying the customer ? ( ) a. Price b. Company Service c. Dealer Service d. Company reputation 14. What is ycur overall satisfaction level in purchasing the PETER ENGLAND product? ( ) a. Highly satisfied b. Satisfied c. Average d. Dissatisfied e. Highly dissatisfied. 15. Can you recommend others to buy PETER ENGLAND car? ( ) a. Yes b. No. 16. Crucial Factor in Satisfying The customer? ( ) a. Highly satisfied b. Satisfied c. Average d. Dissatisfied e. Highly dissatisfied. 17. Crucial Factor in Satisfying The customer? ( ) a) price b) company services c) dealer services d)company reputation
  • 74. 78 18. Customer Satisfaction Regarding Services Provided by the Dealer? ( ) a. Highly satisfied b. Satisfied c. Average d. Dissatisfied e. Highly dissatisfied. 19. Customer Satisfaction Regarding Services Provided by the Company? ( ) a. Highly satisfied b. Satisfied c. Average d. Dissatisfied e. Highly dissatisfied. 20. Customer Satisfied with the Financial Services? ( ) a. Highly satisfied b. satisfied c. Average d. Dissatisfied e. Highly dissatisfied.