Philips Project
Philips Project
Philips Project
CHAPTER NAME
Industry overview
Product profile
Literature review
SWOT analysis
Research methodology
Conclusion
Bibliography
Annexure
OVERVIEW OF THE INDUSTRY
Personal Care Industry in India
Description: The Indian personal care industry is estimated at Rs 170 billion. The
industry is divided into fabric wash, personal wash, hair care, oral cares, skin care,
colored cosmetics, men‘s toiletries and fragrances. Most segments of this industry
are going through a decline in 2002 with several leading players reporting lower
sales in 2002 due to lower volumes as well as lower realization. The next phase of
growth has to come from the rural market as the urban markets are near saturation
levels in terms of penetration. The industry has a low entry barrier and competition
is severe. Besides the large multinational players, there are some leading domestic
players as well as the huge unorganized players. Though most of the market share
is with the larger players, companies vie for the marginal market share. Cheaper
imports and duplicate products are also affecting the major players. Companies
have been adopting promotion schemes to dole out freebies and repackaging
products in smaller packages to cater to a wider consumer base are some recent
trends. The way ahead for the personal care companies is to introduce new and
better product, improve penetration, and make the consumer trade up in price and
quality. Rural marketing will be a major thrust area for all companies.
Global Trade Volumes and Trends
The personal care industry had an excellent growth rate in all the major markets of
the world in 2005-2006. Since the past few years, people have become more
conscious about their appearance and look, leading to a huge demand for these
products in the whole world. New products are launched by the leading brands to
attract consumers. The trends in all the leading personal care markets show that
this industry is showing a massive potential for growth. The women‘s beauty
industry is growing at rate of approximately USD 202.254 billion every year where
as the global market for cosmetics alone USD 30.33 billion. The global personal
care products industry is growing at a very rapid pace; some of the factors
responsible are:
In this world both men and women don‘t have time to dedicate to their looks. At
that point of time, electric shavers really come handy, both for men and women.
Hairs are dead outgrowths that come out of our skin and provide us the warmth and
protection from all kinds of outside dangers by the name of dust, damage and many
more. But they can irritate a person of becomes unmanageable. For the time like
this electric shavers are the instruments you can bank upon. These days electric
shavers are available in all price ranges. From automatic shavers to manual
shavers, all are available in the market. But these days people are trusting electric
shavers more, as they are fast and quite hassle free to use them.
Majority of electric shavers can operate both on direct current supply and on
batteries. Some even come with battery backup feature that makes them extra
exceptional. There are also versions of shavers that are available in market with
and without batteries too. Many leading companies like and Philips and Panasonic,
these days are providing electric shavers that makes shaving actually a joy. There
are companies that also make gender specific shavers that is separately for men and
women.
Shaving is really important especially for all men, as today the society is inhabited
by metrosexual men. It is a category of men who spend significant amount of their
income on maintaining their looks. Leading Hollywood actors like George
Clooney, Tom Cruise and not to forget Indian film industry from where actors like
Shahid Kapoor, Salman Khan are being hailed as the men with most sophisticated
looks in the world. These actors are really popular among girls owing to their clean
shaven looks that make them go weak on their knees. Although these days the soft
stubble looks are very popular among men, but they know that ladies mostly prefer
men who are clean shaven. This perception has really helped in popularizing
electric shavers among them.
Shaving is not only restricted to men but is also meant for women. The female
oriented electric shavers are also available in market these days, at quite low price.
Women are accepted as hair free creatures in the society, this is not an offensive
statement at all, but a bitter truth. And this perception has helped in popularizing
the electric shavers and epilators.
PHILIPS- GLOBAL MARKET LEADER IN ELECTRIC SHAVERS
Andrea Ragnetti, CEO of Philips Domestic Appliances and Personal Care, and
Chief Marketing Officer of Royal Philips Electronics commented, ―We are the
market leader in the electric shaver category, year after year. To have reached this
milestone cements the fact that we are bringing products to market which
consistently meet our consumers‘ needs.‖ Philips technology has been advancing
and simplifying people‘s lives since 1891. Philips pioneered major breakthroughs
in medical imaging, television, lighting, as well as being the inventors of rotary
shaving. From a company with such high standards in product development, it is
no surprise that Philips Shavers have gone from strength to strength over the last
68 years. ―If someone is going to buy an electric shaver, we want them to think of
Philips first. To have sold this many shavers in our 68 year history shows us we‘re
on the right track‖, Andrea Ragnetti concluded.
Producing a shaver range to excite consumers and trade partners is key to the
success of the business. In 1939, Philips launched its first electric shaver, ‗The
Cigar‘, to the world. Men were invited to experience the latest in technological
wizardry - the electric shaver with rotary action. In 1959, to keep up with the
explosion in consumer demand, revolutionary new technologies such as floating
shaving heads were introduced and in 1978 the world‘s first mains and
rechargeable shaver was launched. Philips has consistently set new standards in the
shaving category. Nico Engelsman, Business Manager Shaving and Senior Vice
President Philips DAP said, ―Over the last six decades, we have addressed the
changing needs of our consumer, taking regional differences into account. We are
also constantly addressing innovation in the shaver itself. We are focused on
developing shavers that are designed to suit the places they are sold. We produce
shavers that reflect local tastes, trends, bathrooms and shaving habits, and that‘s
why I think we‘ve been so successful.‖
The current most popular selling Philips shaver is the HQ 8140 model retailing at
USD 89.99 or Euro 129.99. Philips Shavers have always been a driver for category
growth. In 2006, the Philips Shavers business in Europe and Asia increased
between 4% and 11% in value, while in North America Philips Shavers grew its
business by more than 10%.
A major reason for this growth is that an innovative product stimulates market
development. Though the market is highly competitive, Philips Shavers market
share increased by more than 2%* since the introduction in 2005 of two shaver
ranges - SmartTouch-XL and Speed-XL.
In 2006 Philips Shavers designed a shaving range with the AT&T Williams
Formula One engineering and design team which was sold in more than 20 key
markets around the world.
In order to consistently attract new customers, Philips creates shavers that break
away from our competitors in terms of performance and design. According to Nico
Engelsman, ―By presenting the market with something innovative, you‘ll be able to
attract new consumers. We are looking to translate global trends into products in
the very near future.‖ DAP demonstrated its value to Philips, with 17% comparable
growth in the first quarter earnings for 2007. Philips Shavers remain an important
part of the DAP business, representing approximately 45% of DAP‘s sales.
PLAYERS IN SPACE
Hair care-
Cornair
Babybliss
Remington
Princess
Panasonic
P&G
Braun
Remington
Gillette
Panasonic
CORNAIR
BABYBLISS
BaByliss, S.A. manufactures and markets personal care appliances. It offers hair
brushes, vanity boxes, and hair and beauty accessories, as well as electric hair
curling irons, waxers, and facial saunas. The company also provides online
advices, tips, and individual diagnostic services. It sells its products in the
European market. The company is based in Montrouge, France. As of 1995,
BaByliss, S.A. operates as a subsidiary of Conair Corporation.
REMINGTON
Remington products stand for quality, innovation and performance. From rotary
and foil shavers to grooming and personal care products, Remington offers many
options for today‘s active men and women. Remington products include: electric
rotary and foil shavers for men, electric foil shavers for women; beard and
moustache trimmers for men, cosmetic and personal trimmers for women; haircut
kits, curling irons, hair dryers, and straighteners. Remington products are sold
through mass merchandisers, catalog showrooms, drug store chains and department
stores.
PANASONIC
Apart from Home Appliances the company provides service for other Panasonic
products, which are as mentioned below:
Women Grooming
Manicure System,
Facial Hair Trimmer,
Eyelash Curler
Pore Cleaner
Men's Grooming
BRAUN
From 1984 until 2005, Braun was a wholly owned subsidiary of The Gillette
Company, which had purchased a controlling interest in the company in 1967.
Braun is now a wholly owned subsidiary of Procter & Gamble, which acquired
Gillette in 2005.
Braun's products include the following categories:
2. To estimate the potential market size for the personal care products.
To arrive at a conclusion
PowerPoint presentation
Report preparation
DETAILS OF THE WORK DONE
Understanding and jotting down the main objectives after being briefed by
the mentor.
A study has been done about the company, the electronic personal care
industry, and about the demand and customer requirements.
A structured closed ended questionnaire was prepared and got it approved by
the industry mentor.
Went to Delhi University to get the questionnaires filled by the students,
who are ought to be the potential customers.
After all the questionnaires were filled, the data to be analyzed was put up
on excel sheet. Pie charts were made.
Conclusion was driven out of the analyzed data.
PowerPoint presentation was prepared and presented in front of the company
executives.
Report was prepared and submitted.
CHAPTER – III
PRODUCT PROFILE
HAIR CARE-
PHILIPS HP4638
Philips Straightener 180°C Ceramic Ion Boost Ceramic
plates for smooth gliding and shiny hair 180°C temperature
for beautiful results.
MRP: Rs.2295.00
PHILIPS HP4657
Barrel diameter: 15 mm Temperature: 175 °C Ready for use
indication dot: The dot changes Colour at application
temperature Heater type: PTC.
MRP: Rs.1495.00
PHILIPS HP4696
Ceramic plates for smooth gliding and shiny hair Straightener
attachment to create beautiful sleek hair Slide on brush for
added volume.
MRP: Rs. 1995.00
PHILIPS HP4823
MRP: Rs.595.00
PHILIPS HP4840
1000 Watt dryer. 2 heat/speed settings. Detachable nozzle .
MRP: 745.00
PHILIPS HP4931
1200W for beautiful results
MRP:Rs. 695.00
PHILIPS HP4960
1400W for beautiful results for careful drying Concentrator
focuses the airflow for a polished, shiny look
MRP:Rs.795.00
SHAVING AND GROOMING-
PHILIPS HP6306
· Lady shave Wet & Dry.
MRP:Rs. 995.00
PHILIPS HP6400
2 speed settings Metal epilating system Voltage - 100-240 V
Number of discs - 21 Number of catching points - 20
Power.
MRP:Rs.2095.00
PHILIPS HP6483
Philips Satinelle Ice HP6483 Ultra gentle epilator with
soothing ice pack to reduce the effects of epilation.
MRP:Rs.3495.00
PHILIPS HP6503
Pivoting Ice cooler Sonic massage system Ceramic epilation
system 2 speed settings Power Source AC-RC (mains)
MRP: RS.4495.00
PHILIPS HQ130
Electric shaver Comfortably close Unique Lift & Cut system
Adjusts to every curve of your face and neck Individually
floating heads Cordless.
MRP: RS.895.00
PHILIPS HQ6920
Electric shaver Super Lift & Cut technology Replacement
heads Adjusts to every curve of your face and neck Reflex
Action system.
MRP: RS. 2995.00
PHILIPS NT9110
Nose and ear trimmer Styling tools: Eyebrow comb
Handling: Ideal angle for easy reach, Soft grip coating
for maximum control Durability.
MRP:RS.995.00
PHILIPS PHIHP6390
Precision shaping and trimming for eyebrows and facial
hair.
MRP:RS. 995.00
PHILIPS PHIHQ40
Micro + Shaver HQ40 Battery-operated (2xAA) Up to 60
mins (approximately 3 weeks shaving time RCP: RM69
MRP: RS.995.00
PHILIPS PHIQG3020
Full size trimmer unit Beard & moustache comb locks into 9
settings. Nose Ear and eyebrow trimmer Store & charge
stand, Cordless operation.
MRP: RS.1995.00
PHILIPS PHIQG3080
Micro precision shaver Precision & full size trimmer Nose
Ear & eyebrow hair trimmer 9 settings - 1.5mm to 18mm
length, Rechargeable.
MRP: RS.2495.00
CHAPTER - IV
LITERATURE REVIEW
COMPANY BACKGROUND-
Industry – electronics
Website- www.philips.com
Koninklijke Philips Electronics N.V. (Royal Philips Electronics Inc.), most
commonly known as Philips, is a multinational Dutch electronics corporation.
Philips is one of the largest electronics companies in the world. In 2009, its sales
were €23.18billion. The company employs 123,800 people in more than 60
countries.
Philips is organized in a number of sectors: Philips Consumer Lifestyle
(formerly Philips Consumer Electronics and Philips Domestic
Appliances and Personal Care), Philips Lighting and Philips Healthcare (formerly
Philips Medical Systems).
HISTORY
The company was founded in 1891 by Gerard Philips, a maternal cousin of Karl
Marx, in Eindhoven, the Netherlands. Its first products were light bulbs and other
electro-technical equipment. Its first factory survives as a museum devoted to light
sculpture. In the 1920s, the company started to manufacture other products, such
as vacuum tubes (also known worldwide as 'valves'), In 1927 they acquired the
British electronic valve manufacturers Mullard and in 1932 the German tube
manufacturer Valvo, both of which became subsidiaries. In 1939 they introduced
their electric razor, the Philishave (marketed in the USA using the Norelco brand
name).
PHILIPS RADIO
On 11 March 1927 Philips went on the air with two shortwave radio stations,
PHOHI broadcasting in Dutch to the Dutch East Indies (now Indonesia) and PCJJ
(later PCJ) which broadcast in English, Spanish and German to the rest of the
world.
The international program on Sundays commenced in 1928 with host Eddie Startz
hosting the Happy Station show which became the world's longest running
shortwave program.
Broadcasts from the Netherlands were interrupted by the German invasion in May
1940.
Philips Radio did not resume after Liberation. Instead the two shortwave stations
were nationalized and became Radio Netherlands Worldwide, the Dutch
International Service in 1946 though PCJ programs such as Happy Station
continued on the new station.
WORLD WAR II
On 9 May 1940, the Philips directors were informed about the German invasion of
the Netherlands to take place the following day. They decided to leave the country
and flee to the United States, taking a large amount of the company capital with
them. Operating from the US as the North American Philips Company, they
managed to run the company throughout the war. At the same time, the company
itself was moved to the Netherlands Antilles (just on paper) to keep it out of
German hands.
It is also believed that Philips—both before and during the war—supplied
enormous amounts of electric equipment to the German occupation forces, which
has led some people to think that the company collaborated with the Nazis, like
many other firms in their day. However, there is no evidence to suggest that Philips
itself or its management ever sympathized with the Nazis or their ideologies. The
only Philips family member who did not leave the country, Frits Philips, saved the
lives of 382 Jews by indicating to the Nazis that they were indispensable for the
production process at Philips,[4] for which he was awarded recognition as a
"Righteous Among the Nations" by Yad Vashem in 1995. There is little Philips
could have done to prevent the Germans from abusing their production facilities
and forcing their employees to perform slave labour during the occupation. The
production facility in Eindhoven was the only Dutch industrial target that was
deliberately bombed by the allied forces during the war.
POST WAR ERA
After the war the company was moved back to the Netherlands, with their
headquarters in Eindhoven. Many secret research facilities had been locked and
successfully hidden from the invaders, which allowed the company to get up to
speed again quickly after the war.
Compact Cassette
In 1962 Philips invented the compact audio cassette medium for audio storage.
Although there were other magnetic tape cartridge systems, the Compact Cassette
became dominant as a result of Philips's decision to license the format free of
charge.
Laserdisc
Laserdisc was a 30 cm disc designed with MCA meant to compete with VHS and
even replace it. It never took off but the technologies created for Laserdisc would
later be used again for the Compact Disc.
Compact Disc
Although Philips' and MCA's Laserdisc project failed, Philips still thought the
format should be able to succeed. It took them ultimately (with Sony's help) until
1982 to successfully launch the CD.
DVD
The DVD, the eventual successor of the CD, met a long road of setbacks. Philips
wanted to continue with the CD in a new format called Multimedia Compact
Disc (MMCD), while another group (led by Toshiba) was developing a competing
format, then named Super Density (SD) disc. Their representatives
approached IBM for advice on the file system. IBM also learned of Philips' and
Sony's initiative. IBM convinced a group of computer industry experts (among
them Apple, Dell, etc.) to form a working group. The Technical Working Group
(TWG) voted to boycott both formats unless they merged to prevent
another format war (like the videotape format war). The result was the DVD
specification, finalized in 1995. The DVD video format was first introduced in
Japan in 1996, later in 1997 in the U.S. as limited test run, then across Europe and
the other continents from late 1998 onwards.
Blu-Ray
Blu-Ray, yet again primarily developed by Philips and Sony, utilizes blue-
violet colored diodes to create an even shorter wavelength beam than CD or DVD.
Because of this, the capacity is much more than that of CD or DVD, being 25 GB
single-layered or 50 GB dual-layered.
CORPORATE AFFAIRS
In 2004, Philips abandoned the slogan "Let's make things better" in favour of a
new one: "Sense and simplicity".
ASM Lithography is a spin-off from a division of Philips
Origin, now part of Atos Origin, is a former division of Philips.
Its record division, Polygram, was sold to Seagram in 1998 to form Universal
Music Group.
Philips Intellectual Property and Standards, is the company's division dealing with
licensing, trademark protection and patenting. Philips currently holds about 55,000
patent rights, 33,000 trademark registrations, and 49,000 design registrations.
CEOs
Past and present CEOs:
Acquisitions-
VISION-
―In a world where complexity increasingly touches every aspect of our daily lives,
we will lead in bringing sense and simplicity to people.‖
With Vision 2010, we are putting people right at the center of things, with Health
and Well-being as our overarching theme. We are thereby putting into practice our
mission: improving the quality of life through the introduction of meaningful
innovations.” – Gerard Kleisterlee, President and CEO of Royal Philips
Electronics
MISION-
―Improve quality of people‘s lives through timely introduction of meaningful
innovations.‖
VALUES-
Delight customers
Deliver great results
Develop people
Depend on each other
We drive operational excellence and quality to best in class levels, allowing us the
above mentioned strategic investments in our businesses.
Philips lighting:
Computerized tomography
Diagnostic ECG
Operation theatre lights
Preclinical imaging
Radiation oncology
Radiography
Fluoroscopy
Healthcare informatics
Home healthcare
Respiratory care
Interventional X-ray
CHAPTER – V
WEAKNESS-
OPPORTUNITIES-
THREATS-
RESEARCH METHODOLOGY
REASERCH METHODOLOGY USED
For the purpose of the project, information is collected through both primary and
secondary sources.
Source of primary data are the potential customers. Research methodology used is
questionnaires, which are used to collect information from them. Questionnaires
are directly filled by the respondents in person. For this purpose structured
questionnaires are used with closed ended questions. The primary data for the
study are collected through a market research done on a large population of Delhi
University. Delhi University is chosen because it somehow represents the youth of
NCR.
For carrying out the survey a sample of 145 students were chosen randomly within
the age group of 16 to 23 years.
The questions in the questionnaire are framed keeping in mind the objectives of the
project research.
The secondary data are collected through textbooks, internet and various journals
and magazines etc.
CONSTRAINTS FACED
Some of the major constraints faced during the execution of the project are-
Delhi University was on vacation during the project period, freshers who
had come to fill up admission forms were asked to fill the questionnaires.
While filling the questionnaires, people were very reluctant. I had to
convince them saying that the questionnaire is very short and will take only
2 minutes.
It is difficult to understand if the respondents are providing genuine
information or not.
Any survey itself has many limitations. People might not be willing to give
right information; they might not take the questionnaire seriously and fill up
wrong information; buyers might not be sure of the future; buyers might not
be able to follow their original intentions.
SECONDARY DATA-
Evolving from the ―metro sexual‖ craze, the new man of style is called the ―uber
sexual,‖ which I am sure you have heard of by now. The new ―uber sexual‖ male
exudes confidence and leadership. He is masculine, stylish and embraces grooming
(thankfully). I came across a recent study conducted by Kelton Research and
sponsored by Procter and Gamble that reinforces this fact. More than 600 men
were surveyed and the results showed that men value their personal style and
appearance without sacrificing their masculinity.
Study says that, men seem very unconcerned about being overly hairy. Just 16 per
cent say that they are concerned about bushy eyebrows or excessive nose and ear
hair and a mere 4 per cent worry about excessive body hair - suggesting that
targeting male hair removal products would be a very small market indeed.
Too much like hard work
Shaving comes out on top, as the activity that men are most likely to find a chore,
with some 40 per cent feeling this way. The next most boring activity is trimming
nails, with 20 per cent unenthusiastically reaching for the clippers.
Men find shaving more of a chore than any other part of their grooming routine, as
it can be time-consuming and leave skin feeling sore and dry. Younger men are
most likely to dislike shaving, probably because they are starting to incorporate
daily shaving into their routine.
Although the age of the 'Metro sexual' has been proclaimed with great fanfare, this
latest Mintel report has reason to suggest that a new, more dandified era whereby
men have the potential to spend as much on cosmetic and personal care products is
still a long way from becoming a reality. And with the UK often acting as a testing
ground for many of the leading cosmetic companies in Europe, the report's findings
are set to be given careful consideration.
At the end of last year the easy group launched a range of 'minimalist' style men‘s
toiletries, designed to keep costs and fuss down to a minimum. If the Mintel report
findings are correct then product launches of this kind could well prove to be the
way forward.
The lust for leading a better life and the opportunities provided by money and
exposure to the media worldwide have together opened the possibilities for
the Indian women to adopt a life style which includes money, glamour, fame and
beauty as far as possible.
Several reasons have been forwarded by the social scientists for this kind of
consciousness towards life style in general and fashion in particular. The rising
income leads amongst the middle class in the most important reason. A recent
trend amongst women, unfortunately with its dysfunctional consequents in an over
emphasis on physical grooming and slimming to the extent of torturing oneself just
for the sake of misplace notions of beauty imported from the West. The craze to
look beautiful amongst women with no consideration for the inner beauty has
become tradition and beauty parlors have been mushrooming throughout the
country.
Just as men go to a bar today to relax and shed away stress and fatigue of the day
long work, women go to beauty parlors or kitty parties to forget their family and
career tensions. While it may not be possible for a large majority
of Indian women as yet to get together at clubs or bars, alternatives are found in
kitty parties and card parties where they vie with each other or create better and
more superior food items and to get social prominence within the group to which
they belong. Similarly to competition for beauty is much more visible at family
functions like wedding, festivals and major parties. Even middle class families,
now in a flux of economic and cultural change, follow the examples of the rich in
marriage and other celebrations. Thousands of rupees could be neatly spent in
grooming the bride and other members
The Indian women has suddenly stumbled upon concepts of high level
materialism, personality grooming to improve one's career or life style, individual
freedom to everyone, having fun and enjoyment through travel, eating out,
shopping and indulging in celebrity gossip, watching celebrity life styles, seeing
TV serial and films on cable networks or videos. Her attitudes change have
affected India's culture to the extent that she has a major say in whom she will
marry, assertive presence in family and career matters and knowledge about the
world at large which is quaint as it is wonderful.
PRIMARY DATA ANALYSIS
Analysis of data-
The questionnaire once filled were fed into an excel sheet for the purpose of
tabulation. With the help of several graphical representations the data is analyzed
for finding out the answers to the questions asked in the objectives.
Each and every question is analyzed one by one below-
ANNUAL INCOME
ABOVE 10 LAKHS
5%
5-10 LAKHS
20% 1-5 LAKHS
5-10 LAKHS
ABOVE 10 LAKHS
1-5 LAKHS
75%
Inference-
The above pie chart shows the annual family income of the consumers interviewed.
A large part of the population i.e. 75% people have their family income within 1 to
5 lakhs. 20% have their family income within 5-10 lakhs. And 5% people have
their family income above 10 lakhs. The fact has to be noted that the sample
contains only students who do not have their own income, therefore we have asked
for their family income.
LEVEL OF AWARENESS
NO
30%
YES
70%
YES NO
Inference-
Maximum people i.e. 70% of the sample size said that they have seen or heard
about the Philips personal care products. While 30% haven‘t seen them. This
shows that the level of awareness is quite well.
PLACES WHERE PEOPLE HAVE SEEN THESE PRODUCTS
OTHERS CROMA
15% 17%
CROMA
SHOPPERS STOP
SHOPPERS STOP
MALLS
18%
OTHERS
MALLS
50%
Inference-
Out of the people who are aware of these products, 50% people said that they have
seen them in shopping malls. 18% said that they have seen them in Shoppers Stop,
17% in Croma, 15% in others shops or at their friend‘s place.
PREFERED PRICE RANGE (HAIR DRYERS)
2000-2500
18%
600-1000
600-1000
1000-1500
48%
2000-2500
1000-1500
34%
Inference-
Since the sample consists of students, it is quite obvious to find that the preferred
price range is the lowest range. In case of hair dryers 48% people said that they
would prefer to buy within the range of 600-1000 INR, while 34% people want to
buy them in the range of 1000-1500 INR, and about 18% people want to buy in the
range of 2000-2500 INR.
PREFERED PRICE RANGE ( EPILATORS )
RS5000
18%
RS2000
RS2000
48% RS4000
RS5000
RS4000
34%
Inference-
A similarity has been noticed in the preference of the price range in case of
epilators. 48% people would prefer the lowest price range of 2000 INR, 34%
would prefer the next lowest range of 4000 INR and the rest 18% people would
prefer the range of 5000 INR.
PREFERED PRICE RANGE (ELECTRONIC SHAVERS)
5500-8000
8%
3500-5500
7%
800-1500
1500-2500
2500-3500 800-1500
13% 44% 2500-3500
3500-5500
5500-8000
1500-2500
28%
Inference-
In the case of electronic shavers most of the people i.e. 44% people preferred the
lowest price range of 800-1500 INR. About 28% people preferred the second
lowest price range of 1500-2500 INR. 13% people preferred the price range of
2500-5500 INR, 7% preferred 3500-5500 INR and 8% people preferred 5500-8000
INR.
PREFERED FEATURES IN VARIOUS CATEGORIES
BOTH BATTERY
& ELECTRICITY
USAGE UNDER OPERATED
LIGHT WEIGHT
WATER 5%
15%
BATTERY OPERATED
LIGHT WEIGHT
35% ELECTRICITY OPERATED
ELECTRICITY
OPERATED
USAGE UNDER WATER
18%
BATTERY
BOTH BATTERY &
OPERATED
ELECTRICITY OPERATED
27%
Inference-
Most preferred feature is light weight constituting 35% of the people. 27% people
preferred battery operated, 18% preferred electricity operated and 5% people
preferred both battery and electricity operated. In case of epilators and shavers
15% people have preferred that it should be usable under water.
COMPETITORS
OTHERS
14%
NO IDEA
NO IDEA
40% BRAUN
P&G OR P&G OR GILLETTE
GILLETTE
26% OTHERS
BRAUN
20%
Inference-
When we asked them about our competitor‘s products most of the people, about
40% said that they have no idea that which other companies have these kind of
products. 26% people said that they have heard about Procter and gamble‘s
shavers. 20% have heard about epilators and shavers from Braun. While 14%
people have seen some of the local or China made products.
CHAPTER – VII
CONCLUSION
CONCLUSION
From the findings of this survey we can say that there is a huge market out there
for these products. The youth of today are willing to buy them not because these
products are mere luxury but because they are more of necessity nowadays. In our
busy schedule and the urge to look good every day, we cannot go to parlors and
saloons every time. There are both time and money constraints. But we can
definitely spend on these products to groom ourselves for a new and fresh look
daily.
It was also seen that the most preferred price range is the lowest range and the
places they wanted to buy are malls and electronic shops for boys; and cosmetic
shops, beauty salons, and malls for girls.
It is also relevant form the study that as most of the people are unaware of our
other competitors, there is huge scope for our products as Philips is a big brand
name.
CHAPTER – VIII
Nowadays the youth is always connected through the networking sites. They
always keep checking their updates through their mobile phones. So if we
are targeting the youth, we should definitely advertise these products
through the popular social networking sites like facebook, twitter, orkut etc.
2. E-shopping
The notion that Indian shoppers are not satisfied till they touch and feel the
product before buying is changing rapidly. Web sites like Ebay are
becoming popular among the masses as they have even started advertising
on the television. When people have started making different payments,
booking movie tickets, booking train and flight tickets online than why not
shopping? Everything is just a click away and it‘s much easier too.
Mall and multiplex culture has caught the imagination of the country‘s
smaller cities like Kanpur, Ahmedabad, Indore, Agra, Varodara, Surat etc,
which in turn has been powered by increasing purchasing power of India‘s
middle-class population. India, today has as many as 200 malls spread across
large and small cities. Another 700 are expected to come up soon, of which
40% will be in smaller cities.
Indian middle-class consists of about 85 million households out of which
only 25 million live in metros. The rest 55 million resides in small towns
and villages. And their purchasing power is increasing with increase in
education and industrialization. But they have comparatively less options to
spend their money.
6. More of hair and beauty products should be placed in cosmetic shops and
beauty salons as girls prefer to buy in these places.
Bibliography
1. Have you heard about the personal care products by Philips- shavers,
curlers, epilators, and hair dryers?
Yes No
Others…………………..…………………………………………………
……………please specify
1 lac- 5 lac
5 lac - 10 lac
10 lac – 20 lac
Light weight
battery operated
electricity operated