1.0 Introduction To Topic: 1.1 Who Is Customer?
1.0 Introduction To Topic: 1.1 Who Is Customer?
1.0 Introduction To Topic: 1.1 Who Is Customer?
0 INTRODUCTION TO TOPIC[1]
In the 21st century customers are generally categorised into two types:
1.3Customer preference
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thepreferencesof customer is a basic marketing technique that is useful for
branding, product development, distribution and customer experience.[3]
Type:Public
Industry:Conglomerate
Founder:Jamshedji Tata
Headquarter:Bombayhouse,Mumbai, Maharashtra
Area served:Worldwide
Key people:NatarajaChandrasekaran(chairman)
Products:Airlines,automotive,consumergoods,chemicals,defence and
aerospace,electricaldistribution,engineeringservices,financialservices,healthcare,
informationtechnology,locomotives,realestate,steel,telecommunications
Owner:Tata sons
No. of employees:695699(2017)
Website:www.tata.com
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NowrojiSaklatwala(1932-1938)
JRD Tata(1938-1991)
RatanTata(1991-2012)
Cyrus PallonjiMistry(2012-2016)
Ratantata(2016-2017)
Nataranjanchandrasekarn(2017)
In a market that has traditionally been dominated by family jewellers, it took the
entry of Tanishq, India’s most desirable and fastest growing jeweller brand from
the house of titan in 1995, to give Indian’s access to a product whose promise
was truly as good as gold.
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Tanishq appeal lies in the wealth of its designs and purityof gold. It has won the
trust and admiration of customers and created a unique position for itself in the
market place.
The association with Bollywood blockbusters likes Paheli and Jodha Akbar and
the 2003 miss India beauty Pagent have enhanced the brands appeal, lending it
an aura of elegance and grandeur.
Titan launched tanish in the year 1995, India’s largest, most desireable and
fastest growing jewellery brand in india. Diligent care and quality
processesensures that the tanisq finish is unmatched by the other jewellery in
the country.
Tanishq challenged the age old jewellers word with TATA’S guaranteed purity.
It exploded the market with facts about rampant impurity across India.it
introduced technology backed challenge in a category completely governed by
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individual trust.Tanishq introduced innovations like karat meter,only non-
destructive means to check the purity of gold
2.4Tanishq in India
Tanishq is India’s most desirable and fastest growing jewellery brand in India
started in 1995, Tanishq is the jewellery business group of titan industries ltd.-
promoted the TATA group, India’s most respected and diversified business
conglomerate. This year marks a decade of successful innings for Tanishq with
a retain sales of 1200 crore last year and running for 200 crores this year. It is a
story of a successful Indian enterprise, which has delivered value to its
customers and shareholders in a complex category, market by its completely
front end as well as back end.Tanishq has set up production and sourcing bases
with tough research of the jewellery crafts ofIndia.Jewellery at Tanishq is
crafted in one of the most modern factories. The factory complies with all the
labour and environmental standards located at Hosur, Tamil Nadu, the 135000
Sq ft. factory is equipped with the latest and most modern machinery and
equipment. Every product at Tanishq is painstakingly crafted to perfection.
Diligent care and quality processes ensure that the Tanishq finish is unmatched
by another jeweller in the country.
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3.0 Present state affairs of tanishq
3.Tanishq brand has retained its 15% revenue growth forecast in the
segment despite adipin the previous fiscal.
5.The new brand campaign, launched in April 2017, was avid on most of
the news and entertainment channels.
6.Tanishq has also reduced making charges for plain gold jewellery to make
tanishqaccessible to larger customer base.
7.Tanishq has currently 174 stores exclusively for jewellery sales and it
plans to add 30 more stores.
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4.0 Plans and policies of Tanishq
The total amount at the end of the 8-month period can then be used to buy
jewellery against the value of a gram of gold at the time of purchase.
For example, if the individual has booked a total of 200 grams over the term of
the scheme and the prevailing gold rate at the time of redemption is Rs. 3,000
per gram, the individual can buy gold worth Rs.6,00,000.
This scheme allows individuals to set aside money for a purchase at a later date
and also avail of a discount on the purchase. Tanishq has a 10 month as well as
a 6 month scheme, allowing individuals to select one based on their needs.
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5.0 SWOT analysis ofTanishq
5.1 Strength
5.2 Weakness
5.3 Opportunities:
5.4 Threats:
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1.Local jewellers.
2.Government regulations.
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6.0 Objectives of study
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7.0 RESEARCH METHODOLOGY
1. Research type- the researcher study is descriptive and depicted that all the
interpretation and data is in descriptive form.
2. Sample region area Bareilly-the sample area chosen for research was
Bareilly.
3. Sample size 80- A total of 100 questionnaires were filled out of which 20
were rejected. Sample size thus taken was 80.
4. Type of data-primary and secondary
5. Questionnaires and interpretation were the result of direct efforts made by
the researcher while information regarding the company is collected
through secondary data. Thus the data collection is primary and
secondary data.
6. Method of data collection-Questionnaire
a. The researcher took the help of questionnaire to complete the
research evaluating marketing strategies adopted by Tanishq
Jewellery.
7. Sampling technique-convenience non-random technique
a. The researcher took help of convenience sampling to collect data.
The respondents who were willing to conveniently participate in
the study were approached first.
8. Type of questionnaire-open ended
a. The research is based on the close ended questionnaire in which the
researcher has given the limited choices to respondents and
respondents had only chosen from those choice.
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8.0.ANALYSIS AND INTERPRETATION OF COLLECTED DATA
Total
STYLE, 21, 26% BRAND, 24, BRAND
30%
DESIGN
DESIGN, 24,
30%
REPUTATION OF THE
STORE
REPUTATION
STYLE
OF THE STORE,
11, 14%
INTERPRETATION:
Researcher depicted in the above pie chart that out of 100%(N=80) responses
(N=24)30% prefers brand,(N=24)30% respondents prefer design,(N=11)14%
prefers reputation of the store,(N=21)26% respondents prefer style.
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Q2.ON AN AVERAGE HOW FREQUENTLY DO YOU PURCHASE
JEWELLERY?
ONLY ON ONCE A
SPECIAL MONTH, 6, Total ONCE ONCE A
OCCASIONS, 7% EVERY 6
39, 49% MONTH
MONTHS,
18, 23% ONCE EVERY 6
MONTHS
ONCE EVERY 6
MONTHS,ONCE
ONCE EVERYEVERY YEAR
6
MONTHS,O
ONCE EVERY NCE EVERY
YEAR, 16, YEAR, 1, 1%
20%
INTERPRETATION:
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Q3.WHEN DO YOU WEAR JEWELLERY?
Total
EVERY DAY
EVERY DAY,
15, 19%
ON
WEEKENDS
ON WEEKENDS
ONLY, 6, 7% ONLY
ONLY ON
SPECIAL
ONLY ON
OCAASIONS
SPECIAL
OCAASIONS
, 59, 74%
INTERPRETATION3:
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Q4.DO YOU PREFER TO BUY JEWELLERY FROM A PARTICULAR
SHOP?
Total
NO
YES, 64, 80%
YES
INTERPRETATION4:
Researcher depicted in the above pie chart that out of 100%(N=80) responses
20%(N=16) prefers no,80%(N=64) prefers yes.
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Q5.HAVE YOU HEARD ABOUT TANISHQ JEWELLERY?
Total
NO, 1, 1%
NO
YES
YES, 79, 99%
INTERPRETATION5:
Researcher depicted in the above pie chart that out of 100%(N=80) responses
1%(N=1) prefers no,99%(N=64) prefers yes.
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Q6.ARE YOU AWARE OF DIFFERENT CATEGORIES OF TANISHQ?
Total
NO
YES, 64, 80% YES
INTERPRETATION6.
Researcher depicted in the above pie chart that out of 100%(N=80) responses
20%(N=16) prefers no,80%(N=64)pefers yes.
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Q7. CUSTOMER PREFERENCE TOWARDS PRICE OF TANISHQ
JEWELLERY?
Total
INTERPRETATION7.
Researcher depicted in the above pie chart that out of 100%(N=80), 25%(N=20)
respondents prefer average,49%(N=39)respondents prefer good,26%(N=21)
respondents prefer very good.
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Q8. CUSTOMER PREFERENCE TOWARD PURITY AND QUANTITY OF
GOLD OF TANISHQ JEWELLERY?
Total
AVERAGE, 2,
2%
GOOD, 34,
AVERAGE
VERY GOOD, 43%
44, 55% GOOD
VERY GOOD
INTERPRETATION8.
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Q9. CUSTOMER PREFERENCE TOWARDS SERVICES OFFERED BY
TANISHQ JEWELLERY?
Total
AVERAGE,
VERY GOOD, 17, 21%
34, 43%
AVERAGE
GOOD
VERY GOOD
GOOD, 29,
36%
INTERPRETATION 9:
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Q10. CUSTOMER PREFERNCE TOWARDS PATTERNS AVAILABLE OF
TANISHQ JEWELLERY?
AVERAGE,
Total 11, 14%
BAD, 1, 1% AVERAGE
VERY GOOD, BAD
39, 49%
GOOD
GOOD, 29,
36% VERY GOOD
INTERPRETATION:
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Q11.CUSTOMER PREFERENCE TOWARDS LOCATION OF STORE OF
TANISHQ JEWELLERY?
INTERPRETATION:
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Q12.CUSTOMER PREFERENCE TOWARDS TANISHQ AS STORE OF
TANISHQ JEWELLERY?
Total
AVERAGE, 6, BAD, 1, 1%
8%
VERY AVERAGE
GOOD, 33,
41% GOOD, 40, BAD
50% GOOD
VERY GOOD
INTERPRETATION12:
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Q 13.WOULD YO U RECOMMEND OTHERS TO BUY TANISHQ
JEWELLERY?
NO
YES, 72,
90% YES
INTERPRETATION:
Researcher depicted in the above pie chart that out of 100%(N=80) responses
10%(N=8) prefers no,90%(N=72) pefer yes.
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Q14.WHICH BRAND DO YOU PREFER IN THE ABSENCE OF TANISHQ?
KAPISH
RAM Total JEWELLERS,
KUMAR 18, 22%
JEWELLERS,
KAPISH JEWELLERS
23, 29%
MODERN
OTHERS, 18,
JEWELLERS
23%
MODERN OTHERS
JEWELLERS,
21, 26%
INTERPRETATION14:
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Q15.YOU BUY JEWELLERY FOR?
Total
FASHION,
OCCASIONS, FASHION
21, 26%
30, 38%
FESTIVALS
INVESTMENT
FESTIVAL OCCASIONS
INVESTMEN
T, 23, 29% S, 6, 7%
INTERPRETATION:
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9.0FINDINGS
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average,15%(N=12)respondents prefer bad,43%(N=34)respondents
prefer good,1%(N=1)respondents prefer very bad,29%(N=23)respondents
prefer very good.
12.Researcher depicted in the above pie chart that out of
100%(N=80),8%(N=6) respondents prefer average,1%(N=1)respondents
refers bad,50%(N=40)respondents prefer good,41%(N=33)respondents
prefer very good.
13.Researcher depicted in the above pie chart that out of 100%(N=80)
responses 10%(N=8) prefers no,90%(N=72) pefer yes.
14.Researcher depited in the above pie chart that out of
100%(N=80),22%(N=18) respondents prefers kapish
jewellers,26%(N=21)respondents prefer modern
jewellers,23%(N=18)respondents prefer others,29%(N=23)respondents
prefer ram kumar jewellers.
15.Researcher depicted in the above pie chart that out of
100%(N=80),26%(N=21)respondents prefer
fashion,7%(N=6)respondents prefer festivals,29%(N=23)respondents
prefer investment,38%(N=30)respondents prefer occasions.
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10.0 LIMITATIONS
1. The area of the study was confined to Bareilly region only.Therefore the
results cannot be universally accepted.
2. The study was limited to the sample size of 80 respondents only,so this
cannot be a full proof.
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11.0 CONCLUSION
We have concluded from the above study that the individuals are moving
towards brand rather than local retailers most of the population buy frequently
and the reason why people going for more of is the certification of branded
jewellery .
It is not that people are ignoring local retailers large number of total populations
still demands local jewellers and the reason is the reliability of the retailers.
People generally don’t compare the prices between the branded showrooms and
the local retailers.
From the above data I have concluded that, average percentage % of population
is still bends towards local retailers and more than half of the population is
satisfied with the prices, designs and services provided by them.
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12.)QUESTIONNAIRE
Customer preference towardsTata jewellery(Tanishq)
(With special reference to Bareilly region)
a. Yes b.No
a. Tv d. Newspaper
b. Hordings e. Pamphlets
c. Friends/relatives f. Other
a. Yes b. No
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4.Are you aware of different categories of Tanishq?
a. Yes b. No
5. Have you ever bought anything from there?
a. Yes b. No
6.If yes, then rate Tanishq on following criteria given below:
Price
Purity and
qt. of gold
Services
offered
Patterns
available
Location of
store
Tanishq as a
store
Yes No
Yes No
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13.0 BIBLIOGRAPHY
1. https://en.wikipedia.org/wiki/Customer
2. https://en.wikipedia.org/wiki/Preference
3. https://en.wikipedia.org/wiki/Tata_Group
4. www.tatawestside.com/article/inside/sAT6oMLKmcA=/TLYVr3YPk
MU=
5. https://www.titan.co.in/Corporate/Board-of-Directors
6. http://www.mbaskool.com/brandguide/lifestyle-and-retail/2680-
tanishq.html
7. http://www.mbaskool.com/brandguide/lifestyle-and-retail/2680-
tanishq.html
8. https://www.google.co.in/search?q=plans+and+policies+of+tanishq
&client=opera&hs=6DZ&tbm=isch&tbo=u&source=univ&sa=X&ved
=0ahUKEwiu-
P6fgrnXAhXJO48KHYaJDg0QsAQIPA&biw=1320&bih=658#imgrc
=O-mdrYd-osOC-M:
9. https://www.google.co.in/search?q=objectives+of+tanishq&client=o
pera&hs=Nid&tbm=isch&tbo=u&source=univ&sa=X&ved=0ahUKE
wjS4_vCwrnXAhUIqI8KHbVfBy4QsAQIPQ&biw=1320&bih=658#i
mgrc=VXSPpWk_v0sNpM:
10.https://www.bankbazaar.com/gold-rate/tanishq-gold-schemes.html
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