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CHAPTER - I
INTRODUCTION
Customer Satisfaction
In marketing, customer is very often referred to as a “king”. Customers are value
maximizes. Consumer satisfaction is defined by Webster’s dictionary as – “Fulfillment of
a need or want.” Satisfaction is a person’s feelings of pleasure or disappointment,
resulting from comparison of a product’s perceived and actual performance in relation to
his or her expectations. So, consumer’s satisfaction is a function of the product’s
perceived performance and the consumer’s expectation.
Satisfaction is often a subjective phenomenon and depends on the consumer’s
state of mind both at the time of purchase and more importantly at the time of
consumption. It is important because in a large number of cases, some degree of past
purchase dissonance is evident among consumers.
Many companies are aiming at high satisfaction because customers who are just
satisfied find it easy to switch when a better offer comes along. Those who are highly
satisfied are much less ready to switch. In fact, emphasis has shifted from mere
satisfaction to delight of customers. High satisfaction or delight creates an emotional
affinity with the brand and the supplier, not just a rational preference. The result is high
customer loyalty.
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Philip Kotler says, “Of the dozens of categories of human action-working.
Sleeping, walking, eating, breathing, buying and so forth-the one of primary interest to
the marketer is buying. The buyer’s decision-making process can be very simple or very
elaborate”. As pinpointing a consumer’s buying decision in hard, it could be determined
by his multi-dimensional personality.
Hence, from the fact that all of us are consumers one way or another, the
marketing manager must identify and measure the importance of his customers.
Richard Graves in his book “More about Creating Customers”, write as that “to
understand why customer satisfaction is the most potent factor in sales making (provided
distribution and other matters are attended to adequately) it is necessary to recognise,
first, that a customer’s friends are commonly in the same social, income, vactional
interest and age group…. A mother with a baby in arms will freely talk to another mother
(although a stranger to her) with a baby, things from patent baby food to bay soaps and
powder. This principle is universal. Therefore once on customer’s needs or wants are
arrived at, it would be generally applied to a whole group and the satisfaction will be
reached by the fulfilling of that one customer fully by the provision of a particular
product that lives up to the expectations of that one consumer”.
Satisfied customers lead to word-of-mouth publicity. In fact, it can spread faster
than advertising. Besides, for high value products, people may like to go by the
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experience of owners of particular brands. Hence, existing customers, if satisfied, can be
important ambassadors of positive brand image. So also feedback from the existing
customers can be very rewarding. A company may not always be right in whatever it
does. A feedback from customers can help the company restructure the various
components of its marketing mix. Some of today’s most successful companies are
raising expectations and delivering performances to match. These companies are aiming
for total customer satisfaction (TCS).
SERVICES:-
A number of experts have attempted to define the services but no single definition has
been accepted universally. Services are human efforts which provides succor to the
needy. It may be education to a student.
‘‘Services can also be defined as an action of organization that maintains and improves
the well being and function of people’’.
Customer empowerment has become a way of life for many companies that have had to
adjust to a shift in power with their customer relationship.
Customer relationship management is the process of carefully managing detailed
information about individual customer and all customers ‘‘touch point’’ to maximize
customer loyalty.
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TYPICAL INTEGRATED BEHAVIOR MODEL
Market mix All other Stimuli
Inter-personal variables
- Motive
- Perception
- Levels
- Attention
- Passions
Inter-personal variables
- Social class
- Reference group
- Culture
Need-want awareness
Postpone
Decision
Evaluate alternatives
Search for information
Does product meet criteria
and expectation?
Does person have ability
to purchase?
Purchase Product
Are lower cost
substitutes
available
Is credit possible
where needed?
No
Yes
No
Yes
RESPONSE
Post – purchase
decisions
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Profit versus Consumer Satisfaction
Some writers think that the businessman’s operational interpretation of customer
orientation has not approached the philosophical meaning of promising customer
satisfaction as the ultimate goal of marketing. According to one of them. “One apparent
reason is that the attempt to provide customer satisfaction may conflict directly with the
most basic operational goal of business- to earn a satisfactory rate of return on its
shareholders’ investment.”
Although consumer satisfaction is the basic tent of the marketing concept. “If that
were the case,” as Kotler has very succinctly said, “it (company) would simply put out
the best product and service in the world and price it below cost. Thereby it would create
substantial customer satisfaction- but it would also be out of business.” As such, it should
be very clear to every corporate management, whether operating in the public or the
private sector, that profit is the basic condition of, as distinct from motive and apart from
profiteering, the corporate existence, stability and growth, notwithstanding any
suggestions to the contrary. If profit as a condition of business is sacrificed at the alter of
‘maximum’ consumer satisfaction, the very existence of business and thereby, even the
‘minimum’ consumer satisfaction, will be threatened. Consumer satisfaction expectations
are often reflected in their sacrifice preparedness in terms of money against their rating of
products. This may be known by a carefully planned consumer research capable of
monitoring, for example, consumer price expectations.
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CUSTOMER SATISFACTION IMPORTANT
Customer satisfaction is a marketing term that measures how products or services
supplied by a company meet or surpass a customer’s expectation.
Customer satisfaction is important because it provides marketers and business owners
with a metric that they can use to manage and improve their businesses.
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.
Here are the top six reasons why customer satisfaction is so important:
1. It’s a leading indicator of consumer repurchase intentions and loyalty
2. It’s a point of differentiation
3. It reduces customer churn
4. It increases customer lifetime value
5. It reduces negative word of mouth
6. It’s cheaper to retain customers than acquire new ones
Characteristics of a Customer-oriented Organization
- A written customer-based mission statement.
- Customers are always put in front.
- Thorough market and customer service planning.
- Commitment to the quality of service.
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- Integrated approach and people’s involvement.
- Customer research and feedback.
- Setting and monitoring service standards.
Understanding the customer
Satisfying the customer call for a lot of research and analysis and a careful,
systematic and thorough study is most essential. Practically in all cases, satisfying the
need or a want is anticipated and therefore becomes the reason for purchase. Therefore,
whether the product is going to live up to the consumer’s satisfaction will be determined
by the principles as laid down by Graves:
1. The inherence ability of the product to perform as anticipated.
2. Advertising.
3. The promises direct or implied, of the salesman.
4. The consumers’ use (or abuse) of the product as intended by the manufacturer.
Reasons for the Creation of a Dissatisfied Customer:
The following are the reasons for the creation of a dissatisfied consumer:
1. Unfulfilled promises made by the salesman
2. Failure to inform customers as to condition of service.
3. Failure of one product to perform as anticipated loses customers for a whole
range of other products.
4. Over-enthusiasm can lead to exaggerated claim and disappointed customers.
5. When research becomes too academic to be of value.
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Role of Production Manager in Achieving Customer Satisfaction
Production manager is also playing an important role in attaining customer
satisfaction. He is the one who has to support and direct the sales personnel in such a
manner to achieve customer satisfaction. The production manager only makes all the
analysis and decisions as to where to sell, when to sell and how to sell, etc. this is because
the sales person can concentrate mainly on servicing the customer. To achieve this,
production manager performs a lot of functions such as improving the existing product or
service, developing new products, introducing the products, finding out potential areas
for their products, etc.
Measurement of Customer Satisfaction
Satisfaction derived by the customer from products they purchased is to be
measured. Measuring customer satisfaction is one of the keys to customer retention. This
will enable the marketer to change themselves as per the requirements of customers. A
highly satisfied customer generally stays loyal longer, buys more as the company
introduces new products and upgrades existing products, talks favourably about the
company and its products, pays less attention to competing brands and is less sensitive to
price, offers product or service ideas to the company, and costs less to serve than new
customer because transactions are routine. However, the link between customer
satisfaction and customer loyalty is not proportional.
The measurement of customers’ satisfaction can be done in any the following ways:
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1. At the time of rendering service, front- line personnel may be asked to gather
information as to customer satisfaction. Such personnel should do their duty
carefully and should be bold enough to report failures to management. This
measurement will be of very much helpful to over come the difficulties if any arise
in the way of achieving customer satisfaction.
2. Customers may also be encouraged to contact the management when things go
wrong. For instance, Indian Oil Corporation has opened customer service cell to
gather the opinion of customers about its service.
3. Questionnaire either direct or mailed may be given to customers for the purpose of
collecting their level of satisfaction about the service or product purchased.
4. Managers may also select few customers randomly and contact them over the phone
to collect the information about the extent of customer satisfaction.
5. Sales coupons with discount offer may be mailed to customers who purchased
goods from the firm, along with a questionnaire so that recipient will be very much
impressed and induced to fill in and return the questionnaire.
Some caution in measuring customer satisfaction
When customers rate their satisfaction with an element of the company’s
performance-say, delivery-the company needs to recognize that customers vary in how
they define good delivery. It could mean early delivery, on time-time delivery, order
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completeness, and so on. Yet, if the company had to spell out every element in detail,
customers would face a huge questionnaire.
Companies should also note that managers and salespeople can manipulate their
ratings on customer satisfaction. Another danger is that if customers know that the
company will go out of its way to please customers, some customers may express high
dissatisfaction (even if satisfied) in order to receive more concessions.
It is not sufficient if a product enjoys a good market share. If the company sits
back, one fine day it might find that the market share enjoyed by it was only a mirage
created by artificial market conditions. It is essential for companies to periodically assess
customer satisfaction levels and take remedial action if needed. Some indicators of a
satisfied customer base are:
- Repeat orders in a competitive market.
- A positive word-of-mouth reference about the product to likely users in the
industry.
- Response the product receives to any new launch.
- Interest shown by visitors to the stall in industrial exhibitions.
- Brand awareness and recall. If the customer is loyal/satisfied, the product will
be on the top of his mind.
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Consumerism :
The literal meaning of consumerism is to pay more attention on consumer rights.
Sometimes consumerism is referred to as Consumerist Movement. It is an important
force which affects the business concerned.
According to Ralph Nadar, the Father of Modern Consumerist Movement,
“Consumerist movement means an organized movement of citizens and government to
strengthen the rights and powers of buyers in relation to sellers.”
Causes of consumers:
The major cause of emergence of consumerism has been identified as rising
prices, poor product performance and service quality, product shortages and deceptive
advertisements. Consumerism induces the government to act to protect and safeguard the
interests of consumers by influencing marketing decisions and operations of companies.
Recommen
ds
Continue
to buy
Customer
Satisfied
Buy more
High image
High product of
section exception Highprice
Customer
What do we
want to
happen
Why will it
happen?
What will make
customer
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Customer Retention
Technical Assistance Research Programme (TARP), an American market research
company has examined how customer satisfaction is influenced by a company’s approach
to customers’ complaints and their performance in recovering from their mistakes. It has
taken many leading service companies to conduct the study. TARP categorized the
customers into five as below:
1. Complaining customers left dissatisfied-This is due to low quality and low service
provided by the provider. As a consequence, the firm can’t retain them
2. Complaining customers left feeling cheated-This is also on account of low quality
and service provided by the firms. It is impossible to retain such customers.
3. Non-complaining customers with problems-This is because of medium service and
quality provided by the firms. Such people will normally be willing to have
continued relationship with the firm.
4. Complaining customers fully satisfied-This is also because of medium service and
quality provided by the firms. But unlike previous category, they will have the
habit of complaining the firms regarding their dissatisfaction about the service so
provided. It will be easy for any firms to retain such customers.
Fully satisfied customers without problems-This is because of high quality and
high service provided by the firms. It will not be a problems for the firms to retain such
customers and can maintain cordial relationship with them.
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STUDY PROFILE
Exide Industries Limited is a storage battery producing company and a life
insurance company headquartered in Kolkata, India. It is the largest manufacturer
of automotive and industrial lead-acid batteries in India and fourth largest in the
world. It has plants in India and Sri Lanka and dealership network in 46 countries
spanning across 5 continents. Exide also has four major lead-acid battery recycling
facilities — two of which are in the United States, and Spain and Portugal each
have one as well. The company claims that 99 percent of lead processed through
these facilities is recycled.
In January 2013, Exide Industries acquired 100% of the equity capital of ING
Vysya Life Insurance. In May 2014, the name of ING Vysya Life Insurance
Company Limited was changed to Exide Life Insurance Company Limited.
Popular Areas
 Exide Battery Dealers in Chidambaram
 Exide Battery Dealers in Annamalainagar
 Exide Battery Dealers in Pichavaram
 Exide Battery Dealers in Ammapet
 Exide Battery Dealers in Perampattu
 Bazaar Street Chidambaram HO
 Exide Battery Dealers in Usupur
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CHAPTER - II
REVIEW OF LITERATURE
Ameme, B., & Wireko, J. (2016) claimed in his research that in today’s
competitive world where technology plays a very important role and if we talk about
banking sector or industry there is a positive relationship between technology and
customer satisfaction. They also stated that satisfaction of customers is not merely
introducing innovative products and services rather it is much more than that. They also
found that if the bank wants to become the market leader in the competitive environment
it must use the innovation approach in all the aspects like products and services. Also
there is a significant relationship between technological innovation and cost. As the
innovation increase the cost is also increase.
Machogu, A. M., & Okiko, L. (2015) research brought to light that with e-banking
complexities on customer satisfaction. Results shows that there are factors which leads to
customer satisfaction particularly in e-banking, which is one of the very important and
fast growing way of doing banking. Factors are accessibility, convenience, security,
privacy, content, design, speed, fees and charges have influence on customer satisfaction
where the other factors notified have no significant influence.
Chochol'áková, A., Gabcová, L., Belás, J., & Sipko, J. (2015) research stated that in
comparison with dissatisfied customers, satisfied customers were significantly more like
by to recommend their bank to their friends and to consider using their current bank in
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the future, and they are more resistant to offers from other banks. Loyal customers are
more interested in the services of their own banks when considering investments in all the
aspects such as in the financial market, deposit their own savings to their own bank, take
out a mortgage from their own bank and use other banking products and services from
their current bank. According to a research by Ernst & Young (2012), the financial
literacy of ordinary bank customers is still relatively low, but personalized
recommendations still work well here. According to the results of our research, loyalty of
customers with different intensities transforms into a potential purchase of additional
banking products. The biggest potential interest of the bank customers was in depositing
savings in the bank and in mortgage loans. The intensity of interest in the purchase of
investments and other products was relatively low. Findings of Deloitte research
(2012a), only 17% of respondents in the Czech Republic have changed their bank in the
past or have accounts in two different banks, in comparison with Slovakia where 52% of
respondents changed their account to another bank (12% in Poland, 28% in Hungary and
42% in Romania)
Kaur, N., & Kiran, R. (2015) founded in their research which was on public, private
and foreign shows that customer are more satisfied with the services quality of the
foreign banks then the private and public banks.
Kundu, S., & Datta, S. K. (2015) research found regarding e-service quality, customer
satisfaction and trust they found that there is a significant relationship among e-service
quality, trust and customer satisfaction. Internet banking service quality has huge impact
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on trust. They also researched that in case of internet banking privacy and fulfillment are
the main factors of service quality which have influence on trust. Also banks should be
more concerned about the privacy of individual transaction of the customers. According
to Ernest and young 2012 survey showed that price factor was the main concern for 50
percent customers.
Zeinalizadeh, N., Shojaie, A. A., & Shariatmadari, M. (2015) opined that out of the
nine customer satisfaction factors fees and loan, prompt service and appearance are the
major factors which have more significant impact on customer satisfaction followed by
interest rate and accessibility of bank and availability of service which have less impact
on the satisfaction on the banking customers.
Rahi, S. (2015) research findings show customers are more loyal towards those banks
who are facilitating internet banking services. Also good brand image build relationship
between banks and customer and enhance the customer loyalty toward bank. He also
concluded that those banks that are giving the internet banking services to their
customers, loyalty of those customers are more towards the banks. He also suggested that
if the brand image also plays a significant role between loyalty of the customers and
internet banking. The role of brand image is positive in making a positive relationship
between customers and internet banking.
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Pareek, V. (2014) research opined with a remark that out of several factors few causal
fundamental factors like product attributes, employee characteristics, customer
convenience,
bank tangibles, cost of transactions and customer communication contributes in customer
satisfaction in Indian banks. Interestingly convenience one of the 4 P.s i.e. marketing mix
was found to be an unimportant in deciding customer satisfaction in Indian banks
(studied banks).
Vyas, V., & Raitani, S. (2014) opined that there are many drivers of switching behavior
in the banks. Particularly they found nine critical factors which contribute in switching
the banks. One very interesting driver is customer satisfaction in all the drivers which
contribute in the switching behavior of customers. So again we can’t ignore that customer
satisfaction of the major factors
among. Banks should come out with the strategies that increase the customers
satisfaction.
Suriyamurthi, S., Mahalakshmi, V., & Arivazhagan, M. (2013) stated that in the
cutthroat competition where every bank is focusing on retaining and attracting new
customer, relationship marketing is the key element which should be adopted by the
banks. They also found that banking sector is one of the major service sector and the
business of banks is more or less dependent on the customer services and satisfaction.
Banks should increase their services and make good relationship with the customer.
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Gupta, A., & Dev, S. (2012).opined satisfaction of customer is dependent on variable
then independent variable. These dependent variables largely depend on service quality,
ambience, involvement, accessibility and financial factors of the bank. According to the
findings of the research. The impact of nearness of bank and financial factors on
customer satisfaction is not up to the mark.
Sharma, N. (2012) research study used the 17 variables related to the quantitative
aspects of e-banking. Study on rural customers satisfaction from e-banking was found to
be significant. Research suggests that satisfactions in rural customers are quite satisfied in
e-banking services. So, in order to improve the tendency to use e-banking channels in
rural areas the use of local languages during dealings should be promoted as well as
publicized. Her research also suggest that ATM is one of the important channel out of all
alternate banking channels for securing patronage of rural customers.
Ganguli, S., & Roy, S. K. (2011) Research opined that in fast driven technology world
banks should adopt the technology which can lead to customer satisfaction and loyalty.
Keeping this in mind they researched on four dimensions like customer service,
technology security and information quality, technology convenience, and technology
usage easiness and reliability. Results states that there is significant relation between
customer service, technology usage easiness and reliability and customer satisfaction. On
the other hand they found the positive relation between technology convenience and
customer satisfaction. So it was found that technology play an important role in satisfying
the customer specifically in the case of banking.
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Singh, J., & Kaur, G. (2011) research suggested that customer satisfaction is the
outcome of seven determinants namely social responsibility, employee responsiveness,
appearance of tangibles, competence, and reliability. services innovation, , positive word-
of-mouth. According to their study customer satisfaction if influenced by social
responsibility, positive word-of-mouth, and reliability. they also founded that relationship
marketing is the important tool which can significantly increase the customer satisfaction.
Other factors like employee behavior, their friendliness, politeness, cooperation,
promptness, efficiency, knowledge level, trustworthiness, and appearance also play an
important role in satisfying the customer.
Munusamy, J., Chelliah, S., & Mun, H. W. (2010) claimed of their research shows that
service quality is a very important dimension of customer satisfaction in banking
industry. All the determinants of service quality like reliability, assurance, tangibility,
empathy and responsiveness shows significant relationship with customers. They also
state that intangibility intension is very difficult to measure then tangibility particularly in
case of service quality. Customer needs, wants, preferences change any point of time
without giving some hints to industry.
Mishra A, (2009) stated that customer satisfaction majorly depends on the provision of
an approach for the manager so that higher customer satisfaction for the future could be
obtained by the bank. Also in his research he used the demographical characteristics of
the customers to know about the satisfaction level of the customers.
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Rod, M., Ashill, N. J., Shao, J., & Carruthers, J. (2009) research findings suggests that
online banking positively influences customer perception. So bank management focus
should be on good customer service quality in terms of reliability, responsibility,
tangibility and empathic. This study was also found to be significant that online
information system quality is very important predictor of overall banking service quality.
Lopez, J., Kozloski Hart, L., & Rampersad, A. (2007) Research claimed that by using
the one of the service quality tool in which customer satisfaction was measured on the
basis of ten dimensions. Results significantly show that out of ten six dimensions namely
reliability, responsiveness, tangibles, access, communication, and credibility shows the
positive impact on customer satisfaction.
Molina, A., Martín-Consuegra, D., & Esteban, Á. (2007) brought to light that it is very
important to have good relations with the customers which leads to increase in business.
Also in their research they stated that satisfaction of customers is depends on service
policy satisfaction, on accessibility and on the front line employee satisfaction. So
positive relationships with the customers always lead to financial success to the bank for
long run.
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CHAPTER - III
RESEARCH METHODOLOGY
Research, according to Redman and Mory is as a “Systematized effort to gain
new Knowledge”.
In the words of Slesinger and Stephenson, “research is, the manipulation of things,
concept or symbols for the purpose of generalizing to extend, correct or verify knowledge
whether that knowledge aids in construction of a theory or in the practice of an art”.
The search for knowledge through objective and systematic method of finding a
proper and feasible solution to a problem is popularly known as research.
In this chapter, the methodology followed in conducting the research has been
described. Details regarding the research design, data collection, questionnaire, sampling
plan, area of the study and statistical tools used have also been given. Finally the
Limitations of the study have also been briefed.
Research Design:
“A research design is the arrangement of the conditions for collection and analysis
of data in a manner that aims to combine relevance to the research purpose with economy
in procedure”
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Research design is purely and simply the framework or plan for a study that guides
the collection and analysis of the data. The research design indicates the methods of
research i.e. the method of gathering information and the method of sampling. The design
decisions happen to be in respect of:
 What is the study about?
 Why is the study being made?
 Where will the study be carried out?
 What type of data required?
 Where can the required data are found?
 What period of time will the study include?
 What will be the s ample design?
 What techniques of data collection will be used?
 How will the data be analyzed?
 In what style will the report be prepared?
OBJECTIVES OF THE STUDY
 To Study the consumer brand preference towards power inverter
 To Study consumer behaviour towards inverter
 To study motivating factors
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LIMITATIONS OF THE STUDY
Though the research has been properly planned and well executed, there are
certain limitations, which are inherent in nature and are out of control. The
following are the limitations.
 The respondents’ responses are causal in nature but in some times the difficulty
faced by the investigator where some peoples, hesitated to give their opinion.
 The correctness of information provided by the respondents in the personal data
could not be established.
 Some of the peoples were having little difficulty in answering the questionnaire.
 Getting opinion from respondent is difficult task, because of their busy schedules.
 The researcher was carried out in a short span of time, where in the researcher
could not widen the study.
SCOPE OF THE STUDY
 To find the company position in the market
 This will help for future preference
 The study help to understand satisfaction level of the customers
 The study helps to know the past present and future position of the company. The
researcher makes an attempt to know how far the company has achieved its
objective
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DATA COLLECTION
Data refer to the facts, figures, or information collected for a specific purpose.
There are two types of data, namely
Primary Data:
Primary data are those which are new and original in nature. These data are the
first hand information generated to achieve the purpose of the research.
Secondary Data:
Secondary data are those data which are not new and original in nature. These data
are obtained from published or unpublished sources.
In this study, primary data were collected by conducting direct structured
interview using questionnaire. The entire customer were asked the same questions in the
same form and they were informed the purpose of study.
Information Research
Primary data
Collection
Secondary data
Collection
Personal
interview
Internet Literature study
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Research Instrument:
The data were collected by using questionnaire as a research instrument.
About the Questionnaire:
In order to systematically collect the primary data the questionnaire is used. A
questionnaire is a schedule consisting of a number of coherent questions related to the
assorted aspects of the topic under this study. Therefore, the data required for the study
was collected through a questionnaire.
The Data collected through such filled-in questionnaire have been used for further
analysis.
Sampling Plan:
Sampling plan is to be decided about the sampling unit, sample size, sampling
method.
Sampling Unit:
The survey was conducted from the exide batteries in chidambaram. in this, there are
nearly 200 customer are working. For this study 100 customer were been selected.
Sampling Method:
For this study the samples were drawn using convinces sampling or probability
sampling is based on the theory of probability. This implies that the sampling items are
independent.
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Sample size:
Sample size of the study was selected from the sampling unit. Total estimated
sample size is 100.
Analysis:
Analysis was done on data collected and the results were tabulated using
Statistical Package for Social Science (SPSS).
Analysis of the data:
“Analysis of data involves a number of closely related operations that are
performed with the purpose of summarizing the collected data and organizing these in
such a manner that they will yield answer to the research questions or suggest hypothesis
had initiated the study”. For this study, the data collected through questionnaires have
been tabulated. By using the statistical tools, the data have been analyzed. Interpretations
have been drawn based on the analysis. The findings are observations are the result and
outcome of the interpretations made during the course of analysis.
Presentation of the report:
Tables and figures have been used wherever necessary to facilitate the analysis
and interpretation Explanations for the tables were given for the tables wherever
necessary. The research report contains finding of facts, analysis of the facts,
interpretations, conclusion and recommendations.
27
Statistical tools applied:
Social research invariably necessitates the use of statistical analysis. Several
statistical tools are used for the purpose of presenting the result in brief language and the
complex and complicated problems can be studied is a very simple way. It is useful to
reduce the complex data in the form of tables.
There are several methods used for the analysis of data, now-a-days sophisticated
computerized statistical packages like SPSS, MS-Excel and others available for data
analysis. In this researchers have preferred SPSS statistical packages.
Percentage Analysis
Chi-Square Test
Percentage Analysis
Percentage refers to a special kind of ratio. Percentages are used in making
comparison between two or more series of data to describe the relationships. Percentages
can also be used to compare the relative terms, the distribution of two or more series of
data
No of Respondents
Percent =   100
Total no of Respondents
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Tests of Significance
A very important aspect of the sampling theory is the study of tests of significance
which enable us to decide on the basis of the sample results if:
1. The deviation between the observed sample satisfaction and the hypothetical
parameter value is significant.
2. The deviation between two sample statistics is significant.
Chi-Square Test
The Chi-square test whether we are given a set of observed frequencies obtained
under some experiment and we want to test if the experimental result supports a
particular hypothesis or theory.
The formula for computing chi-square is as follows.
The steps involved chi-square tests are as follows:
1. Observed frequencies O are tabulated.
2. Expected frequencies E are calculated.
3. The difference between observed and expected frequencies are obtained and
square of these difference are tabulated (O-E )2.
4. The values of (O-E )2 obtained in step 3 are divided by the respective expected
frequency and the total (O-E )2 / E is obtained.
Chi-square = ∑ {(O-E)2
/ E}
29
5. The calculated of X2 is compared with the table value of X2 for given degree at a
certain level of significance (generally 5percent or 1percent level selected).
By degrees of freedom we mean the number of classes to which the value can be
assigned arbitrarily if at the 5percent or 1percent level of significance the calculated
value of X2, the difference between theory and observation is considered to be
significant. On the other hand, the calculated value of X2 is not considered as significant
i.e., it is regarded as due to fluctuations of sampling and hence ignored.

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hrm

  • 1. 1 CHAPTER - I INTRODUCTION Customer Satisfaction In marketing, customer is very often referred to as a “king”. Customers are value maximizes. Consumer satisfaction is defined by Webster’s dictionary as – “Fulfillment of a need or want.” Satisfaction is a person’s feelings of pleasure or disappointment, resulting from comparison of a product’s perceived and actual performance in relation to his or her expectations. So, consumer’s satisfaction is a function of the product’s perceived performance and the consumer’s expectation. Satisfaction is often a subjective phenomenon and depends on the consumer’s state of mind both at the time of purchase and more importantly at the time of consumption. It is important because in a large number of cases, some degree of past purchase dissonance is evident among consumers. Many companies are aiming at high satisfaction because customers who are just satisfied find it easy to switch when a better offer comes along. Those who are highly satisfied are much less ready to switch. In fact, emphasis has shifted from mere satisfaction to delight of customers. High satisfaction or delight creates an emotional affinity with the brand and the supplier, not just a rational preference. The result is high customer loyalty.
  • 2. 2 Philip Kotler says, “Of the dozens of categories of human action-working. Sleeping, walking, eating, breathing, buying and so forth-the one of primary interest to the marketer is buying. The buyer’s decision-making process can be very simple or very elaborate”. As pinpointing a consumer’s buying decision in hard, it could be determined by his multi-dimensional personality. Hence, from the fact that all of us are consumers one way or another, the marketing manager must identify and measure the importance of his customers. Richard Graves in his book “More about Creating Customers”, write as that “to understand why customer satisfaction is the most potent factor in sales making (provided distribution and other matters are attended to adequately) it is necessary to recognise, first, that a customer’s friends are commonly in the same social, income, vactional interest and age group…. A mother with a baby in arms will freely talk to another mother (although a stranger to her) with a baby, things from patent baby food to bay soaps and powder. This principle is universal. Therefore once on customer’s needs or wants are arrived at, it would be generally applied to a whole group and the satisfaction will be reached by the fulfilling of that one customer fully by the provision of a particular product that lives up to the expectations of that one consumer”. Satisfied customers lead to word-of-mouth publicity. In fact, it can spread faster than advertising. Besides, for high value products, people may like to go by the
  • 3. 3 experience of owners of particular brands. Hence, existing customers, if satisfied, can be important ambassadors of positive brand image. So also feedback from the existing customers can be very rewarding. A company may not always be right in whatever it does. A feedback from customers can help the company restructure the various components of its marketing mix. Some of today’s most successful companies are raising expectations and delivering performances to match. These companies are aiming for total customer satisfaction (TCS). SERVICES:- A number of experts have attempted to define the services but no single definition has been accepted universally. Services are human efforts which provides succor to the needy. It may be education to a student. ‘‘Services can also be defined as an action of organization that maintains and improves the well being and function of people’’. Customer empowerment has become a way of life for many companies that have had to adjust to a shift in power with their customer relationship. Customer relationship management is the process of carefully managing detailed information about individual customer and all customers ‘‘touch point’’ to maximize customer loyalty.
  • 4. 4 TYPICAL INTEGRATED BEHAVIOR MODEL Market mix All other Stimuli Inter-personal variables - Motive - Perception - Levels - Attention - Passions Inter-personal variables - Social class - Reference group - Culture Need-want awareness Postpone Decision Evaluate alternatives Search for information Does product meet criteria and expectation? Does person have ability to purchase? Purchase Product Are lower cost substitutes available Is credit possible where needed? No Yes No Yes RESPONSE Post – purchase decisions
  • 5. 5 Profit versus Consumer Satisfaction Some writers think that the businessman’s operational interpretation of customer orientation has not approached the philosophical meaning of promising customer satisfaction as the ultimate goal of marketing. According to one of them. “One apparent reason is that the attempt to provide customer satisfaction may conflict directly with the most basic operational goal of business- to earn a satisfactory rate of return on its shareholders’ investment.” Although consumer satisfaction is the basic tent of the marketing concept. “If that were the case,” as Kotler has very succinctly said, “it (company) would simply put out the best product and service in the world and price it below cost. Thereby it would create substantial customer satisfaction- but it would also be out of business.” As such, it should be very clear to every corporate management, whether operating in the public or the private sector, that profit is the basic condition of, as distinct from motive and apart from profiteering, the corporate existence, stability and growth, notwithstanding any suggestions to the contrary. If profit as a condition of business is sacrificed at the alter of ‘maximum’ consumer satisfaction, the very existence of business and thereby, even the ‘minimum’ consumer satisfaction, will be threatened. Consumer satisfaction expectations are often reflected in their sacrifice preparedness in terms of money against their rating of products. This may be known by a carefully planned consumer research capable of monitoring, for example, consumer price expectations.
  • 6. 6 CUSTOMER SATISFACTION IMPORTANT Customer satisfaction is a marketing term that measures how products or services supplied by a company meet or surpass a customer’s expectation. Customer satisfaction is important because it provides marketers and business owners with a metric that they can use to manage and improve their businesses. 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. Here are the top six reasons why customer satisfaction is so important: 1. It’s a leading indicator of consumer repurchase intentions and loyalty 2. It’s a point of differentiation 3. It reduces customer churn 4. It increases customer lifetime value 5. It reduces negative word of mouth 6. It’s cheaper to retain customers than acquire new ones Characteristics of a Customer-oriented Organization - A written customer-based mission statement. - Customers are always put in front. - Thorough market and customer service planning. - Commitment to the quality of service.
  • 7. 7 - Integrated approach and people’s involvement. - Customer research and feedback. - Setting and monitoring service standards. Understanding the customer Satisfying the customer call for a lot of research and analysis and a careful, systematic and thorough study is most essential. Practically in all cases, satisfying the need or a want is anticipated and therefore becomes the reason for purchase. Therefore, whether the product is going to live up to the consumer’s satisfaction will be determined by the principles as laid down by Graves: 1. The inherence ability of the product to perform as anticipated. 2. Advertising. 3. The promises direct or implied, of the salesman. 4. The consumers’ use (or abuse) of the product as intended by the manufacturer. Reasons for the Creation of a Dissatisfied Customer: The following are the reasons for the creation of a dissatisfied consumer: 1. Unfulfilled promises made by the salesman 2. Failure to inform customers as to condition of service. 3. Failure of one product to perform as anticipated loses customers for a whole range of other products. 4. Over-enthusiasm can lead to exaggerated claim and disappointed customers. 5. When research becomes too academic to be of value.
  • 8. 8 Role of Production Manager in Achieving Customer Satisfaction Production manager is also playing an important role in attaining customer satisfaction. He is the one who has to support and direct the sales personnel in such a manner to achieve customer satisfaction. The production manager only makes all the analysis and decisions as to where to sell, when to sell and how to sell, etc. this is because the sales person can concentrate mainly on servicing the customer. To achieve this, production manager performs a lot of functions such as improving the existing product or service, developing new products, introducing the products, finding out potential areas for their products, etc. Measurement of Customer Satisfaction Satisfaction derived by the customer from products they purchased is to be measured. Measuring customer satisfaction is one of the keys to customer retention. This will enable the marketer to change themselves as per the requirements of customers. A highly satisfied customer generally stays loyal longer, buys more as the company introduces new products and upgrades existing products, talks favourably about the company and its products, pays less attention to competing brands and is less sensitive to price, offers product or service ideas to the company, and costs less to serve than new customer because transactions are routine. However, the link between customer satisfaction and customer loyalty is not proportional. The measurement of customers’ satisfaction can be done in any the following ways:
  • 9. 9 1. At the time of rendering service, front- line personnel may be asked to gather information as to customer satisfaction. Such personnel should do their duty carefully and should be bold enough to report failures to management. This measurement will be of very much helpful to over come the difficulties if any arise in the way of achieving customer satisfaction. 2. Customers may also be encouraged to contact the management when things go wrong. For instance, Indian Oil Corporation has opened customer service cell to gather the opinion of customers about its service. 3. Questionnaire either direct or mailed may be given to customers for the purpose of collecting their level of satisfaction about the service or product purchased. 4. Managers may also select few customers randomly and contact them over the phone to collect the information about the extent of customer satisfaction. 5. Sales coupons with discount offer may be mailed to customers who purchased goods from the firm, along with a questionnaire so that recipient will be very much impressed and induced to fill in and return the questionnaire. Some caution in measuring customer satisfaction When customers rate their satisfaction with an element of the company’s performance-say, delivery-the company needs to recognize that customers vary in how they define good delivery. It could mean early delivery, on time-time delivery, order
  • 10. 10 completeness, and so on. Yet, if the company had to spell out every element in detail, customers would face a huge questionnaire. Companies should also note that managers and salespeople can manipulate their ratings on customer satisfaction. Another danger is that if customers know that the company will go out of its way to please customers, some customers may express high dissatisfaction (even if satisfied) in order to receive more concessions. It is not sufficient if a product enjoys a good market share. If the company sits back, one fine day it might find that the market share enjoyed by it was only a mirage created by artificial market conditions. It is essential for companies to periodically assess customer satisfaction levels and take remedial action if needed. Some indicators of a satisfied customer base are: - Repeat orders in a competitive market. - A positive word-of-mouth reference about the product to likely users in the industry. - Response the product receives to any new launch. - Interest shown by visitors to the stall in industrial exhibitions. - Brand awareness and recall. If the customer is loyal/satisfied, the product will be on the top of his mind.
  • 11. 11 Consumerism : The literal meaning of consumerism is to pay more attention on consumer rights. Sometimes consumerism is referred to as Consumerist Movement. It is an important force which affects the business concerned. According to Ralph Nadar, the Father of Modern Consumerist Movement, “Consumerist movement means an organized movement of citizens and government to strengthen the rights and powers of buyers in relation to sellers.” Causes of consumers: The major cause of emergence of consumerism has been identified as rising prices, poor product performance and service quality, product shortages and deceptive advertisements. Consumerism induces the government to act to protect and safeguard the interests of consumers by influencing marketing decisions and operations of companies. Recommen ds Continue to buy Customer Satisfied Buy more High image High product of section exception Highprice Customer What do we want to happen Why will it happen? What will make customer
  • 12. 12 Customer Retention Technical Assistance Research Programme (TARP), an American market research company has examined how customer satisfaction is influenced by a company’s approach to customers’ complaints and their performance in recovering from their mistakes. It has taken many leading service companies to conduct the study. TARP categorized the customers into five as below: 1. Complaining customers left dissatisfied-This is due to low quality and low service provided by the provider. As a consequence, the firm can’t retain them 2. Complaining customers left feeling cheated-This is also on account of low quality and service provided by the firms. It is impossible to retain such customers. 3. Non-complaining customers with problems-This is because of medium service and quality provided by the firms. Such people will normally be willing to have continued relationship with the firm. 4. Complaining customers fully satisfied-This is also because of medium service and quality provided by the firms. But unlike previous category, they will have the habit of complaining the firms regarding their dissatisfaction about the service so provided. It will be easy for any firms to retain such customers. Fully satisfied customers without problems-This is because of high quality and high service provided by the firms. It will not be a problems for the firms to retain such customers and can maintain cordial relationship with them.
  • 13. 13 STUDY PROFILE Exide Industries Limited is a storage battery producing company and a life insurance company headquartered in Kolkata, India. It is the largest manufacturer of automotive and industrial lead-acid batteries in India and fourth largest in the world. It has plants in India and Sri Lanka and dealership network in 46 countries spanning across 5 continents. Exide also has four major lead-acid battery recycling facilities — two of which are in the United States, and Spain and Portugal each have one as well. The company claims that 99 percent of lead processed through these facilities is recycled. In January 2013, Exide Industries acquired 100% of the equity capital of ING Vysya Life Insurance. In May 2014, the name of ING Vysya Life Insurance Company Limited was changed to Exide Life Insurance Company Limited. Popular Areas  Exide Battery Dealers in Chidambaram  Exide Battery Dealers in Annamalainagar  Exide Battery Dealers in Pichavaram  Exide Battery Dealers in Ammapet  Exide Battery Dealers in Perampattu  Bazaar Street Chidambaram HO  Exide Battery Dealers in Usupur
  • 14. 14 CHAPTER - II REVIEW OF LITERATURE Ameme, B., & Wireko, J. (2016) claimed in his research that in today’s competitive world where technology plays a very important role and if we talk about banking sector or industry there is a positive relationship between technology and customer satisfaction. They also stated that satisfaction of customers is not merely introducing innovative products and services rather it is much more than that. They also found that if the bank wants to become the market leader in the competitive environment it must use the innovation approach in all the aspects like products and services. Also there is a significant relationship between technological innovation and cost. As the innovation increase the cost is also increase. Machogu, A. M., & Okiko, L. (2015) research brought to light that with e-banking complexities on customer satisfaction. Results shows that there are factors which leads to customer satisfaction particularly in e-banking, which is one of the very important and fast growing way of doing banking. Factors are accessibility, convenience, security, privacy, content, design, speed, fees and charges have influence on customer satisfaction where the other factors notified have no significant influence. Chochol'áková, A., Gabcová, L., Belás, J., & Sipko, J. (2015) research stated that in comparison with dissatisfied customers, satisfied customers were significantly more like by to recommend their bank to their friends and to consider using their current bank in
  • 15. 15 the future, and they are more resistant to offers from other banks. Loyal customers are more interested in the services of their own banks when considering investments in all the aspects such as in the financial market, deposit their own savings to their own bank, take out a mortgage from their own bank and use other banking products and services from their current bank. According to a research by Ernst & Young (2012), the financial literacy of ordinary bank customers is still relatively low, but personalized recommendations still work well here. According to the results of our research, loyalty of customers with different intensities transforms into a potential purchase of additional banking products. The biggest potential interest of the bank customers was in depositing savings in the bank and in mortgage loans. The intensity of interest in the purchase of investments and other products was relatively low. Findings of Deloitte research (2012a), only 17% of respondents in the Czech Republic have changed their bank in the past or have accounts in two different banks, in comparison with Slovakia where 52% of respondents changed their account to another bank (12% in Poland, 28% in Hungary and 42% in Romania) Kaur, N., & Kiran, R. (2015) founded in their research which was on public, private and foreign shows that customer are more satisfied with the services quality of the foreign banks then the private and public banks. Kundu, S., & Datta, S. K. (2015) research found regarding e-service quality, customer satisfaction and trust they found that there is a significant relationship among e-service quality, trust and customer satisfaction. Internet banking service quality has huge impact
  • 16. 16 on trust. They also researched that in case of internet banking privacy and fulfillment are the main factors of service quality which have influence on trust. Also banks should be more concerned about the privacy of individual transaction of the customers. According to Ernest and young 2012 survey showed that price factor was the main concern for 50 percent customers. Zeinalizadeh, N., Shojaie, A. A., & Shariatmadari, M. (2015) opined that out of the nine customer satisfaction factors fees and loan, prompt service and appearance are the major factors which have more significant impact on customer satisfaction followed by interest rate and accessibility of bank and availability of service which have less impact on the satisfaction on the banking customers. Rahi, S. (2015) research findings show customers are more loyal towards those banks who are facilitating internet banking services. Also good brand image build relationship between banks and customer and enhance the customer loyalty toward bank. He also concluded that those banks that are giving the internet banking services to their customers, loyalty of those customers are more towards the banks. He also suggested that if the brand image also plays a significant role between loyalty of the customers and internet banking. The role of brand image is positive in making a positive relationship between customers and internet banking.
  • 17. 17 Pareek, V. (2014) research opined with a remark that out of several factors few causal fundamental factors like product attributes, employee characteristics, customer convenience, bank tangibles, cost of transactions and customer communication contributes in customer satisfaction in Indian banks. Interestingly convenience one of the 4 P.s i.e. marketing mix was found to be an unimportant in deciding customer satisfaction in Indian banks (studied banks). Vyas, V., & Raitani, S. (2014) opined that there are many drivers of switching behavior in the banks. Particularly they found nine critical factors which contribute in switching the banks. One very interesting driver is customer satisfaction in all the drivers which contribute in the switching behavior of customers. So again we can’t ignore that customer satisfaction of the major factors among. Banks should come out with the strategies that increase the customers satisfaction. Suriyamurthi, S., Mahalakshmi, V., & Arivazhagan, M. (2013) stated that in the cutthroat competition where every bank is focusing on retaining and attracting new customer, relationship marketing is the key element which should be adopted by the banks. They also found that banking sector is one of the major service sector and the business of banks is more or less dependent on the customer services and satisfaction. Banks should increase their services and make good relationship with the customer.
  • 18. 18 Gupta, A., & Dev, S. (2012).opined satisfaction of customer is dependent on variable then independent variable. These dependent variables largely depend on service quality, ambience, involvement, accessibility and financial factors of the bank. According to the findings of the research. The impact of nearness of bank and financial factors on customer satisfaction is not up to the mark. Sharma, N. (2012) research study used the 17 variables related to the quantitative aspects of e-banking. Study on rural customers satisfaction from e-banking was found to be significant. Research suggests that satisfactions in rural customers are quite satisfied in e-banking services. So, in order to improve the tendency to use e-banking channels in rural areas the use of local languages during dealings should be promoted as well as publicized. Her research also suggest that ATM is one of the important channel out of all alternate banking channels for securing patronage of rural customers. Ganguli, S., & Roy, S. K. (2011) Research opined that in fast driven technology world banks should adopt the technology which can lead to customer satisfaction and loyalty. Keeping this in mind they researched on four dimensions like customer service, technology security and information quality, technology convenience, and technology usage easiness and reliability. Results states that there is significant relation between customer service, technology usage easiness and reliability and customer satisfaction. On the other hand they found the positive relation between technology convenience and customer satisfaction. So it was found that technology play an important role in satisfying the customer specifically in the case of banking.
  • 19. 19 Singh, J., & Kaur, G. (2011) research suggested that customer satisfaction is the outcome of seven determinants namely social responsibility, employee responsiveness, appearance of tangibles, competence, and reliability. services innovation, , positive word- of-mouth. According to their study customer satisfaction if influenced by social responsibility, positive word-of-mouth, and reliability. they also founded that relationship marketing is the important tool which can significantly increase the customer satisfaction. Other factors like employee behavior, their friendliness, politeness, cooperation, promptness, efficiency, knowledge level, trustworthiness, and appearance also play an important role in satisfying the customer. Munusamy, J., Chelliah, S., & Mun, H. W. (2010) claimed of their research shows that service quality is a very important dimension of customer satisfaction in banking industry. All the determinants of service quality like reliability, assurance, tangibility, empathy and responsiveness shows significant relationship with customers. They also state that intangibility intension is very difficult to measure then tangibility particularly in case of service quality. Customer needs, wants, preferences change any point of time without giving some hints to industry. Mishra A, (2009) stated that customer satisfaction majorly depends on the provision of an approach for the manager so that higher customer satisfaction for the future could be obtained by the bank. Also in his research he used the demographical characteristics of the customers to know about the satisfaction level of the customers.
  • 20. 20 Rod, M., Ashill, N. J., Shao, J., & Carruthers, J. (2009) research findings suggests that online banking positively influences customer perception. So bank management focus should be on good customer service quality in terms of reliability, responsibility, tangibility and empathic. This study was also found to be significant that online information system quality is very important predictor of overall banking service quality. Lopez, J., Kozloski Hart, L., & Rampersad, A. (2007) Research claimed that by using the one of the service quality tool in which customer satisfaction was measured on the basis of ten dimensions. Results significantly show that out of ten six dimensions namely reliability, responsiveness, tangibles, access, communication, and credibility shows the positive impact on customer satisfaction. Molina, A., Martín-Consuegra, D., & Esteban, Á. (2007) brought to light that it is very important to have good relations with the customers which leads to increase in business. Also in their research they stated that satisfaction of customers is depends on service policy satisfaction, on accessibility and on the front line employee satisfaction. So positive relationships with the customers always lead to financial success to the bank for long run.
  • 21. 21 CHAPTER - III RESEARCH METHODOLOGY Research, according to Redman and Mory is as a “Systematized effort to gain new Knowledge”. In the words of Slesinger and Stephenson, “research is, the manipulation of things, concept or symbols for the purpose of generalizing to extend, correct or verify knowledge whether that knowledge aids in construction of a theory or in the practice of an art”. The search for knowledge through objective and systematic method of finding a proper and feasible solution to a problem is popularly known as research. In this chapter, the methodology followed in conducting the research has been described. Details regarding the research design, data collection, questionnaire, sampling plan, area of the study and statistical tools used have also been given. Finally the Limitations of the study have also been briefed. Research Design: “A research design is the arrangement of the conditions for collection and analysis of data in a manner that aims to combine relevance to the research purpose with economy in procedure”
  • 22. 22 Research design is purely and simply the framework or plan for a study that guides the collection and analysis of the data. The research design indicates the methods of research i.e. the method of gathering information and the method of sampling. The design decisions happen to be in respect of:  What is the study about?  Why is the study being made?  Where will the study be carried out?  What type of data required?  Where can the required data are found?  What period of time will the study include?  What will be the s ample design?  What techniques of data collection will be used?  How will the data be analyzed?  In what style will the report be prepared? OBJECTIVES OF THE STUDY  To Study the consumer brand preference towards power inverter  To Study consumer behaviour towards inverter  To study motivating factors
  • 23. 23 LIMITATIONS OF THE STUDY Though the research has been properly planned and well executed, there are certain limitations, which are inherent in nature and are out of control. The following are the limitations.  The respondents’ responses are causal in nature but in some times the difficulty faced by the investigator where some peoples, hesitated to give their opinion.  The correctness of information provided by the respondents in the personal data could not be established.  Some of the peoples were having little difficulty in answering the questionnaire.  Getting opinion from respondent is difficult task, because of their busy schedules.  The researcher was carried out in a short span of time, where in the researcher could not widen the study. SCOPE OF THE STUDY  To find the company position in the market  This will help for future preference  The study help to understand satisfaction level of the customers  The study helps to know the past present and future position of the company. The researcher makes an attempt to know how far the company has achieved its objective
  • 24. 24 DATA COLLECTION Data refer to the facts, figures, or information collected for a specific purpose. There are two types of data, namely Primary Data: Primary data are those which are new and original in nature. These data are the first hand information generated to achieve the purpose of the research. Secondary Data: Secondary data are those data which are not new and original in nature. These data are obtained from published or unpublished sources. In this study, primary data were collected by conducting direct structured interview using questionnaire. The entire customer were asked the same questions in the same form and they were informed the purpose of study. Information Research Primary data Collection Secondary data Collection Personal interview Internet Literature study
  • 25. 25 Research Instrument: The data were collected by using questionnaire as a research instrument. About the Questionnaire: In order to systematically collect the primary data the questionnaire is used. A questionnaire is a schedule consisting of a number of coherent questions related to the assorted aspects of the topic under this study. Therefore, the data required for the study was collected through a questionnaire. The Data collected through such filled-in questionnaire have been used for further analysis. Sampling Plan: Sampling plan is to be decided about the sampling unit, sample size, sampling method. Sampling Unit: The survey was conducted from the exide batteries in chidambaram. in this, there are nearly 200 customer are working. For this study 100 customer were been selected. Sampling Method: For this study the samples were drawn using convinces sampling or probability sampling is based on the theory of probability. This implies that the sampling items are independent.
  • 26. 26 Sample size: Sample size of the study was selected from the sampling unit. Total estimated sample size is 100. Analysis: Analysis was done on data collected and the results were tabulated using Statistical Package for Social Science (SPSS). Analysis of the data: “Analysis of data involves a number of closely related operations that are performed with the purpose of summarizing the collected data and organizing these in such a manner that they will yield answer to the research questions or suggest hypothesis had initiated the study”. For this study, the data collected through questionnaires have been tabulated. By using the statistical tools, the data have been analyzed. Interpretations have been drawn based on the analysis. The findings are observations are the result and outcome of the interpretations made during the course of analysis. Presentation of the report: Tables and figures have been used wherever necessary to facilitate the analysis and interpretation Explanations for the tables were given for the tables wherever necessary. The research report contains finding of facts, analysis of the facts, interpretations, conclusion and recommendations.
  • 27. 27 Statistical tools applied: Social research invariably necessitates the use of statistical analysis. Several statistical tools are used for the purpose of presenting the result in brief language and the complex and complicated problems can be studied is a very simple way. It is useful to reduce the complex data in the form of tables. There are several methods used for the analysis of data, now-a-days sophisticated computerized statistical packages like SPSS, MS-Excel and others available for data analysis. In this researchers have preferred SPSS statistical packages. Percentage Analysis Chi-Square Test Percentage Analysis Percentage refers to a special kind of ratio. Percentages are used in making comparison between two or more series of data to describe the relationships. Percentages can also be used to compare the relative terms, the distribution of two or more series of data No of Respondents Percent =   100 Total no of Respondents
  • 28. 28 Tests of Significance A very important aspect of the sampling theory is the study of tests of significance which enable us to decide on the basis of the sample results if: 1. The deviation between the observed sample satisfaction and the hypothetical parameter value is significant. 2. The deviation between two sample statistics is significant. Chi-Square Test The Chi-square test whether we are given a set of observed frequencies obtained under some experiment and we want to test if the experimental result supports a particular hypothesis or theory. The formula for computing chi-square is as follows. The steps involved chi-square tests are as follows: 1. Observed frequencies O are tabulated. 2. Expected frequencies E are calculated. 3. The difference between observed and expected frequencies are obtained and square of these difference are tabulated (O-E )2. 4. The values of (O-E )2 obtained in step 3 are divided by the respective expected frequency and the total (O-E )2 / E is obtained. Chi-square = ∑ {(O-E)2 / E}
  • 29. 29 5. The calculated of X2 is compared with the table value of X2 for given degree at a certain level of significance (generally 5percent or 1percent level selected). By degrees of freedom we mean the number of classes to which the value can be assigned arbitrarily if at the 5percent or 1percent level of significance the calculated value of X2, the difference between theory and observation is considered to be significant. On the other hand, the calculated value of X2 is not considered as significant i.e., it is regarded as due to fluctuations of sampling and hence ignored.