lg colour teelevision

Upload: nishant-kb

Post on 05-Apr-2018

217 views

Category:

Documents


0 download

TRANSCRIPT

  • 7/31/2019 LG Colour Teelevision

    1/81

    Submitted by

    M.VIJAY KUMAR

    H T. NO. 092-08-115

    PROJECT SUBMITTED IN PARTIAL FULFILLMENT FOR THE

    AWARD OF DEGREE

    MASTER OF BUSINESS ADMINISTRATION

    By

    GRAHAMBELL P.G. COLLEGE(Affiliated to Osmania University)

    THUMKUNTA, SHAMIRPET,SECUNDERABAD 500078.(2008-2010)

    1

  • 7/31/2019 LG Colour Teelevision

    2/81

    DECLARATION

    I, M.VIJAY KUMAR, a student of M.B.A(Marketing) here-by declare

    that the project report entitled CONSUMER PERCEPTION OF LG with special

    reference to LG ELECTRONICS at LG ELECTRONICS PVT. LTD,

    Uppal.

    This project report is submitted in partial fulfillment of the requirement

    for the award of MASTER OF BUSINESS ADMINISTRATION from

    GRAHAMBELL PG COLLEGE affiliated to OSMANIA UNIVERSITY,

    Hyderabad, for the year 2008-2010.

    Date:

    Place:

    M.VIJAY KUMAR

    2

  • 7/31/2019 LG Colour Teelevision

    3/81

    ACKNOWLEDGEMENT

    A Good start leads to a Fine end. The ideal way to begin documenting

    this project work would be to extend my earnest gratitude to everyone

    who has encouraged, motivated and guided me to make a fine effort for

    successful completion of this project.

    I am very thankful to Mr/Mrs_____________, faculty of business

    management for guiding me throughout the project. My sincere Gratitude

    to the College Management for extending their co-operation for

    successful completion of my project.

    A final word of thanks goes to my Parents, Friends and everyone else

    who made this project possible. Your contributions have been most

    appreciated

    3

  • 7/31/2019 LG Colour Teelevision

    4/81

    CHAPTER-1

    INTRODUCTION

    4

  • 7/31/2019 LG Colour Teelevision

    5/81

    INTRODUCTION TO MARKETING

    Marketing is a social and managerial process by which individuals and

    groups obtain what they need or want through creating, offering, and

    exchanging products of value with others.

    This definition of marketing rests on the following core concepts:

    Needs, wants, and demands; products (goods, services and ideas); markets;

    and marketers and prospects. These concepts are illustrated

    TRENDS:

    Marketing is not like Euclidean geometry, a fixed system of concepts

    and axioms. Rather, marketing is one of the most dynamic fields within the

    management arena. The marketplace continually throws out fresh challenges,

    and companies must respond. Therefore it is not surprising that new

    marketing ideas keep surfacing to meet the new marketplace challenges.

    A growing emphasis on quality, value and consumer perception.

    A growing emphasis on relationship building and customer retention.

    A growing emphasis on building strategic alliances and networks.

    A growing emphasis on global thinking and local market planning.

    A growing emphasis on direct and online marketing.

    A growing emphasis on services marketing.

    5

  • 7/31/2019 LG Colour Teelevision

    6/81

    A growing emphasis on ethical marketing behavior.

    INTRODUCTION :

    The projects deal with the consumer perception. The

    survey is conducted to know the perception of the customers who is having a

    Television of LG and other competitive brands.

    TELEVISONS:

    A television is the product produced by the differentcompanies. It is used to entertain us. And we can know more information like

    news and much more information from the news channels. At present, there

    are many models available in the LG Company.

    PLASMA TELEVISION

    LCD TELEVISION

    MARQUIS PLUS

    SOUND MASTER

    GOLDEN EYE

    The companies, which produce televisions, they are:

    LG

    BPL

    ONIDA SAMSUNG

    THOSHIBAOTHERS

    This project is done in regarding to the LG Colour television.

    6

  • 7/31/2019 LG Colour Teelevision

    7/81

    CONSUMER PERCEPTION

    7

  • 7/31/2019 LG Colour Teelevision

    8/81

    THEORATICAL PERSPECTIVE

    Customer:

    Customer is defined as anyone who receives that which is produced by

    the individual or organization that has value.

    Customer expectations are continuously increasing. Customers

    seek out products and producers that are best able to satisfy their requirements.

    A product does not need to be rated highest by customers on all dimensions,

    only on those they think are important.

    Consumer perception:

    Consumer perception is a measure of how products and services

    supplied by a company meet or surpass customer expectation. It is seen as a key

    performance indicator within business.

    Disperception------------- Perception Expectations

    Consumer perception is an ambiguous and abstract concept and the

    actual manifestation of the state of perception will vary from person to person

    and product/service to product/service. The state of perception depends on a

    number of both psychological and physical variables which correlate with

    perception behaviors such as return and recommend rate. The level of perception

    can also vary depending on other options the customer may have and other

    products against which the customer can compare the organization's products.

    8

  • 7/31/2019 LG Colour Teelevision

    9/81

    IMPORTANCE OF CONSUMER PERCEPTION:

    Exceptional customer service results in greatercustomer retention,

    which in turn results in higher profitability. Customer loyalty is a major

    contributor to sustainable profit growth. To achieve success, a company must

    make superior service second nature of the organization. A seamless

    integration of all components in the service-profit chain employee perception,

    value creation, consumer perception, customer loyalty, and profit and growth

    links all the critical dynamics of top customer service.

    Satisfying the customer is a race without finish." Vernon Zelmer

    Many companies forget that satisfying customer needs and continuous value

    innovation is the only path to sustainable growth. This creates opportunities for

    new, smaller companies to emulate and improve upon what made their bigger

    competitors successful in the first place and steal their customers.

    1. It costs between five and six times more to attract a new customer than to

    keep an existing one.

    2 Companies can boost profits anywhere from 25 to 125% by retaining merely

    5% more existing customers.

    3. Only one out of 25 dissatisfied customers will express disperception.

    4. Happy customers tell 4 to 5 others of their positive experience. Dissatisfied

    customers tell 9 to 12 how bad it was.

    5. Two-thirds of customers do not feel valued by those serving them.

    9

    http://www.1000ventures.com/business_guide/crosscuttings/customer_service.htmlhttp://www.1000ventures.com/business_guide/crosscuttings/customer_retention.htmlhttp://www.1000ventures.com/business_guide/profits_sustainable.htmlhttp://www.1000ventures.com/business_guide/profits_sustainable.htmlhttp://www.1000ventures.com/business_guide/im_s-p_chain.htmlhttp://www.1000ventures.com/business_guide/crosscuttings/employee_satisfaction.htmlhttp://www.1000ventures.com/business_guide/crosscuttings/customer_value_creation.htmlhttp://www.1000ventures.com/business_guide/crosscuttings/customer_service.htmlhttp://www.1000ventures.com/business_guide/crosscuttings/customer_retention.htmlhttp://www.1000ventures.com/business_guide/profits_sustainable.htmlhttp://www.1000ventures.com/business_guide/profits_sustainable.htmlhttp://www.1000ventures.com/business_guide/im_s-p_chain.htmlhttp://www.1000ventures.com/business_guide/crosscuttings/employee_satisfaction.htmlhttp://www.1000ventures.com/business_guide/crosscuttings/customer_value_creation.html
  • 7/31/2019 LG Colour Teelevision

    10/81

    MEASURING CONSUMER PERCEPTION:

    It's a well known fact that no business can exist without customers.

    Organizations are increasingly interested in retaining existing customers while

    targeting non-customers. Measuring consumer perception provides an indication

    of how successful the organization is at providing products and/or services to the

    marketplace.

    Companies conducting consumer perception research should strive to determine:

    * What product and service issues are important to customers?

    * How does the subject company perform on these issues?

    * How do the issues impact future purchase intent?

    * The second step is to select a survey methodology, considering population

    size, geography and demographics. The format and feedback should:

    * Accurately reveal status and performance.

    * Objectively understand the customer's perspective.

    * Provide actionable information for reaching total consumer perception.

    10

  • 7/31/2019 LG Colour Teelevision

    11/81

    * Provide useful information on the marketplace and the competitive

    environment

    Since, perception is basically a psychological state; care should be taken

    in the effort of quantitative measurement, although a large quantity of research

    in this area has recently been developed.

    Berry, Brodeur defined ten 'Quality Values' known as the ten domains of

    perception which influence perception behavior.

    11

  • 7/31/2019 LG Colour Teelevision

    12/81

    These ten domains of perseption include:

    1. Quality

    2. Value

    3. Timeliness

    4. Efficiency

    5. Ease of Access

    6. Environment

    7. Inter-departmental Teamwork

    8. Front line Service Behaviors

    9. Commitment to the Customer

    10. Innovation

    These factors are emphasized for continuous improvement and

    organizational change measurement and are most often utilized to develop the

    architecture for perception measurement as an integrated model. Parasuraman,

    Zeithaml and Berry provide the basis for the measurement of consumer

    perception with a service by using the gap between the customer's expectation of

    performance and their perceived experience of performance. This provides the

    measurer with a perception "gap" which is objective and quantitative in nature.

    One of the indicators of a Companys health, Consumer perception, can be

    found through market analysis. Satisfied customers usually lead to more sales

    and profit, making it a strong indicator of company performance.

    CRITERIA FOR CONSUMER PERCEPTION:

    12

  • 7/31/2019 LG Colour Teelevision

    13/81

  • 7/31/2019 LG Colour Teelevision

    14/81

    APPROACHES TO ACHIEVE CONSUMER PERCEPTION:

    According to Adrian Thompson Consumer perception can be achieved by the

    following 7 approaches:

    1. Encourage Face-to-Face Dealings & Honor the companys Promises

    2. Respond to Messages Promptly & Keep your Clients Informed

    3. Be Friendly and Approachable

    4. Have a Clearly-Defined Customer Service Policy

    5. Attention to Detail (also known as 'The Little Niceties')

    6. Anticipate Client's Needs & Go Out Of Your Way to Help Them Out

    14

    http://www.sitepoint.com/articlelist/127http://www.sitepoint.com/articlelist/127
  • 7/31/2019 LG Colour Teelevision

    15/81

    BENEFITS OF CONSUMER PERCEPTION:

    1. Customers stay with the company longer.

    2. Customers deepen their relationship with company.

    3. Customers demonstrate less price sensitivity.

    4. Customers recommended companys products or services to others.

    15

  • 7/31/2019 LG Colour Teelevision

    16/81

    16

  • 7/31/2019 LG Colour Teelevision

    17/81

    COMPANY

    PROFILE

    17

  • 7/31/2019 LG Colour Teelevision

    18/81

    HISTORY

    Established in 1997, LG Electronics India Pvt. Ltd. is a wholly

    owned subsidiary of LG Electronics, South Korea. In India for a decade now,

    LG is the market leader in consumer durables and recognized as a leading

    technology innovator in the Information Technology and Mobile

    communications business. LG is the acknowledged trendsetter for the

    consumer durable industry in India with the fastest ever nationwide reach,

    latest global technology and product innovation. One of the most formidable

    brands, LGEIL has an impressive portfolio of Consumer Electronics, Home

    Appliances, GSM mobile phones and IT products.

    18

  • 7/31/2019 LG Colour Teelevision

    19/81

  • 7/31/2019 LG Colour Teelevision

    20/81

    have Health Air System, which preserve the nutrition in food and

    washing machines have Fabric are System, which takes the health factor

    down to ones clothes. All the products offered by the company have

    unique technologies, developed by its R&D departments that givecustomers a healthier environment to live-in.

    The year 2001 witnessed LG becoming the fastest growing

    company in the consumer electronics, home appliances and computer

    peripherals industry. The company had till the month of October 2001

    achieved a cumulativ4e turnover of Rs 5000 Crores in India since its

    inception in 1997, making it the fastest ever Rs 5000 Crores clocked by

    any company in the Indian consumer electronics and appliances industry.

    Having achieved this milestone, LG achieved another benchmark with the

    first ever sales of One Lakh ACs (Windows and splits in a calendar year).

    LG is poised to surpass its turnover target of Rs 2700 Crores this year and

    clock a turnover of Rs 3000 Crores.

    LG Electronics India is the fastest growing company in the

    consumer electronics, home appliances and computer peripherals industry

    today. LG Electronics is continually providing superior technology

    products & value for money to over 50 lakh households in India. This

    year, LG has emerged as the leader in Colour Televisions having set the

    sales target of one million units of color Television for 2002; LG has

    already achieved the one million mark in the month ahead of its target.

    20

  • 7/31/2019 LG Colour Teelevision

    21/81

  • 7/31/2019 LG Colour Teelevision

    22/81

    FINANCIAL PERFORMANCE:

    LG electronics achieved turnover of 19.03 billion for the year 2000

    against Rs.10.56 billion in the fiscal year of 1999. The company has also

    outlined an initial target turnover of Rs 25 billion for 2001. The company has

    achieved a profit before tax of Rs 750 million, up from Rs 570 million last

    year.

    IT INITIATIVES FOR 2003:

    LG electronics has achieve its targeted turnover of Rs 2 billion from

    its IT range of products in 2000 and Rs 5 billion in 2001.Compared to an

    industry LGAR of 45%, LG has a growth of 100% over last year. It may

    increase its market share in the PC monitor segment from 24% in 2000 to 31%

    in 2001.

    22

  • 7/31/2019 LG Colour Teelevision

    23/81

    % CONTRIBUTION BY PRODUCT CATEGORY TO TOTAL

    TURNOVER:

    PRODUCT

    CATEGORY

    199

    9

    200

    0

    200

    1

    200

    2

    200

    3

    200

    4

    200

    6

    2007

    Consumer

    electronics

    55% 42% 40% 38% 37% 39% 40% 43%

    Home

    appliances

    45% 48% 40% 39% 35% 41% 39% 41%

    IT port folio --- 10% 20% 23% 28% 20% 21% 16%

    GLOBALISATION:

    70% of its total revenues are from overseas.54 subsidiaries carry out

    manufacturing, sales and marketing, R&D, customer servicing in key

    geographical sites all over the world.

    CREATING VALUE FOR THE CUSTOMERS:

    Our purpose is to create value for the customers in everything we do.

    In doing so, LGEIL will naturally innovate and develop the products and

    services to meet our goals of providing the outmost value for the customers.

    23

  • 7/31/2019 LG Colour Teelevision

    24/81

    CREATING VALUE FOR THE PEOPLE:

    LGEIL extends a warm hand to contribute to the world community totouch the hearts of the customers, friends, shareholders employees, partner and

    subsidiaries at home and abroad. We create value and help people realize their

    dreams of a better life.

    LGEIL-STATUS:

    Started in 1997

    Factory Established in APRIL, 1998

    GROWTH

    1997: Rs 125 crores

    1998: Rs 485 crores

    1999: Rs 1056 crores

    2000: Rs 1903 crores

    2001: Rs 3000 crores

    2002: Rs 4200 crores

    2003: Rs 5300 crores

    2004: Rs 6500 crores

    2005: Rs 7800 crores

    2006: Rs 8326 crores

    2007: above Rs 9012 crores

    24

  • 7/31/2019 LG Colour Teelevision

    25/81

    SALES AND MARKET SHARE:

    LG achieved CTV growth of 38 percent in the CTV segment for the

    year 2001 and has emerged amongst the top three CTV brands in the

    industry. It has enhanced its market share in the CTV category from 8

    percent last year to 10 percent in the current year.

    In the air conditioner segment, LG is the market leader with 30 percent

    share in the market. The company recorded a growth of 110 percent for

    the year.

    LG is also the marked leader in the Microwave category, cocking a

    growth of 114 percent for the said period.

    In the frost free Refrigerator segment LG recorded a growth of 57

    percent over the last year while ion fully automatic washing machine

    segment, LG recorded a growth of 72 percent.

    While the consumer electronics and home appliances industry growth

    rate has been approximately 8-10 percent in 2001. LG electron has

    grown by a phenomenal 80 percent.

    25

  • 7/31/2019 LG Colour Teelevision

    26/81

    PRODUCTS RANGE AND MARKET SHARE:

    COLOUR TV:

    As per ASCON (Association council of confederation of Indian

    industry), 100 out of 125 industries surveyed posted moderate growth

    rate to high growth rate during FY 2001, while the consumer durable

    industry registered over 20% growth.

    The sales of CTV from 1988 to 1999has increased from 1.3mn

    units to 4.4mn units and the market share of LG CTV in comparing

    with other brands is 11% (FY 2000).

    REFRIGERATOR:

    As per ASCON (Association council of confederation of Indian

    industry), the refrigerator production showed a 55 YOY while the

    exports during the said period grew by 10% YOY. The market share of

    LG refrigerators in comparing with other companies is 7% (FY2001).

    WASHING MACHINES:

    As per ASCON (Association council of confederation of

    Indian industry), the washing machine production for FY01 increased

    buy 2.5 while sales rose by 2%. The washing machine market consists

    of two broad segments-semis automatic and fully automatic. The

    market share of LG washing machines in comparing with other

    companies is 10 % (1999).

    26

  • 7/31/2019 LG Colour Teelevision

    27/81

    MICROWOVENS:

    The microwave oven market is in nascent stage of

    development in the country. However with consumers in the past fewmonths and in consonance with the demand supply theory, Prices have

    come down. Demand however, is likely to remain confined to the urban

    segment of the population with the phenomenon of nuclear families

    becoming a reality and with women moving out of their households in

    order to augment their family income, a microwave comes in handy to

    share the burden of household cores.

    In terms of volumes, the market has grown to 11000 units in

    2001 and is expected grow to 150000 units in the current year. Sales

    have shown robust growth in the past two years with and estimated 29

    percent spurt in sales recorded in 2001. The microwave market is likely

    to grow to 150000 units in the year 2002, out of total sales only 70

    percent are slated or domestic consumption.

    LG CO. Sales and market share comparison with others

    COMPANY MARKET SHARE SALES UNITS

    L.G. 20.9% 23000

    BPL 19.1% 21000

    ONIDA 18.2% 20000

    SAMSUNG 18.2% 20000

    AKAI 9.1% 10000

    27

  • 7/31/2019 LG Colour Teelevision

    28/81

    OTHERS 14.5% 16000

    It has planed to gold KG health waves scholarship in collaboration

    with Delhi pusa institute of hotel management. it will award a scholarshipor Rs. 25000/- to deserving students. The company has introduced multi

    lingual cookery programs in VCDS that will be available Hindi, Marathi,

    Bengali, Gujrati, Tamil, Kannada, Malayalam, and Telugu.

    28

  • 7/31/2019 LG Colour Teelevision

    29/81

  • 7/31/2019 LG Colour Teelevision

    30/81

    PRODUCT PROFILE

    LG EIL PRODUCTS

    Colour television constitutes the core of the LGEIL product

    portfolio in India. The company drops to gain more than 20.9% market

    share in India in colour television.

    AUDIO VIDEO

    The LG India product portfolio comprises of audio video and white

    good products. The audio video range comprises of colour televisions

    audio systems and video cd.

    LG has different range of varieties in colour television. The vision

    plus series represent the break through in technology achieved by LG onhome theater on the individual room for CTVS. And also provided by this

    company 14, 21, 29 colour televisions are produced. And best

    competitor in the in the market place. And also 21 colour television give a

    22 viewing experience while a 29 colour television give a 30 viewing

    experience.

    30

  • 7/31/2019 LG Colour Teelevision

    31/81

    MARKETING STRATEGIES

    To achieve the desired target, the companies have formulated various

    marketing strategies to meet their specific targets. Each player may have a

    unique set of strengths and weaknesses. The company will have to check

    different marketing strategies based on a systemic study of the underlying

    opportunities in the light of exiting strengths and barriers.

    While some have concentrated on the price cutting brand building,some have looked at improving distribution, Quality, perception, product

    competitiveness etc., LG electronics rightly understood the consumer

    motivation to create magnetic products, price them strategically position

    them sharply and keep making the magnetism more potent. Having

    understood the finer differences in consumer motivations it opted for sharp

    arrow reasons to buy differentiation over the blanket- all approach

    taken by most of the other players LGs strategy is to make their dealers its

    partners. The company believes that its future lies in e-commerce the

    objective is to have at least one million hits on their website in 2000 and

    develop 4000 internet dealers in FY2002 in additions to the exiting 3000

    dealers nationwide. LG is the first company to offer consumers electronics

    on its Webster; LG offers attractive online financing options. The

    companys AD spent has increased from Rs. 240mn (FY1997) to

    Rs.700mn year (FY2002) and this year Rs. 800mn (FY2003). The

    Companies to extend their reach.

    31

  • 7/31/2019 LG Colour Teelevision

    32/81

    RURAL MARKETING STRATEGIES

    LG India has also been taking a slew of initiatives as a part of

    Corporate Social Responsibility. LGEIL is proud to have adopted about 24

    villages around our Greater Noida facility. LG extends Free Medical Care,

    which comprises of free check ups and a free distribution on of medicines on a

    daily basis. LGEIL is also generating self-employment opportunities for the

    people in the form of tailoring, knitting etc. in addition to all this, LG also

    sends veterinary doctors regularly to these villages. Besides all this, LG India

    is one of the very few companies in the country that has an internal Energy,

    Environment, Safety and Health Department. This function caters to activities

    like Energy Conservation, Environmental Issues, Work Place Fire and Safety

    as well as Occupational Health for the benefit of the employees.

    32

  • 7/31/2019 LG Colour Teelevision

    33/81

  • 7/31/2019 LG Colour Teelevision

    34/81

    LG plans for Financial year 2001 are :

    The year 2001 witnessed LG becoming the fastest growing company

    in the consumer electronics, home appliances and computer peripherals

    industry. The company had till the month of October 2001 achieved a

    cumulative turnover of Rs 5000 Crores in India since its inception in 1997,

    making it the fastest ever Rs 5000 Crores clocked by any company in the

    Indian consumer electronics and home appliances industry. Having achieved

    this milestone, LG achieved another benchmark with the first ever sales of

    One Lakh ACs (Windows and Splits) in a calendar year.

    1.

    LGs: Sport marketing and advertising:

    LG spiced out three new contests to create world cup excitement. In

    an initive aimed at enhancing the consumer involvement with the brand LG

    during the world cup 2003 LG electronics India pvt.

    In April, LG was the official supplier of consumer electronics and

    home appliances, CD-ROMs handheld PCs and monitors for the world cup

    2003, and ICC championship trophy is also sponsored by LG. it also

    sponsored the recent ICC world 2003 in south Africa. And also recent India

    and Pakistan cricket matches also sponsored by in this company.

    34

  • 7/31/2019 LG Colour Teelevision

    35/81

    2. CUSTOMER SERVICES:

    LG electronics has decided to give a strong push to strengthen its

    service network. It intends to increase the number of service points from 65

    to 100. a string of consumer promos like free service weeks. Annual

    maintenance plan, loyality programs, special offers to previous buyers and

    honeymoon packages for newly wedded couples are in the pipeline.

    3.PRICING:

    With prices touching an all time low in FY 2002 and with new

    capacities coming up the trend is expected to continue penetration pricing

    has been adopted by LG. The strategy is to keep entry-level prices in order to

    active demand.

    4.DISTRIBUTION:

    The trend of beating industry norms started with the fastest ever-

    nation wide launch by LG in a period of 4 and 1/2 months with thecommencement of operations in May 1997. LG set up a state-of-the art

    manufacturing facility at Greater Noida, near Delhi, in 1998, with an

    investment of Rs 500 Crores. This facility manufactured Colour Televisions,

    Washing Machines, Air-Conditioners and Microwave Ovens. During the year

    2001, LG also commenced the home production for its eco-friendly

    Refrigerators and established its assembly line for its PC Monitors at its

    Greater Noida manufacturing unit. The beginning of 2003 saw the roll out of

    the first locally manufactured Direct Cool Refrigerator from the plant at

    Greater Noida.

    35

  • 7/31/2019 LG Colour Teelevision

    36/81

  • 7/31/2019 LG Colour Teelevision

    37/81

    PLASMA MODEL TELEVISIONS

    LG 26PC7DC

    Plasma TV, 26 inch, HDTVTelevision, Resolution: 1366 x 768pixels, Brightness: 500 cd/m

    LG 32PC7D

    Plasma TV, 32 inch, HDTVTelevision, Resolution: 1366 x 768pixels, Brightness: 500 cd/m

    LG 50PC5D

    Plasma TV, 50 inch, HDTVTelevision, Resolution: 1366 x 768pixels, Brightness: 1500 cd/m

    LG 47PC5D

    Plasma TV, 47 inch, HDTV-ReadyTelevision, Resolution: 1024 x 768pixels, Brightness: 1500 cd/m

    LG 60PY3D

    Plasma TV, 60 inch, HDTVTelevision, Resolution: 1920 x 1080pixels, Brightness: 1000 cd/m,

    LG 42PC5DC

    Plasma TV, 42 inch, HDTV

    Television, Resolution: 1024 x 768pixels, Brightness: 1500 cd/m,

    37

    http://www.fixya.com/support/p181203-lg_mu_42pz90v_42_in_plasma_televisionhttp://www.fixya.com/support/p181389-lg_du_42pz60_42_in_hdtv_plasmahttp://www.fixya.com/support/p181142-lg_42px5d_42_in_hdtv_plasma_televisionhttp://www.fixya.com/support/p181389-lg_du_42pz60_42_in_hdtv_plasmahttp://www.fixya.com/support/p181417-lg_mz_42pz44_42_in_edtv_ready_plasmahttp://www.fixya.com/support/p181203-lg_mu_42pz90v_42_in_plasma_televisionhttp://www.fixya.com/support/p181303-lg_mu_40pa10_40_in_plasma_televisionhttp://www.fixya.com/support/p181397-lg_mu_40pa15_40_in_plasma_television
  • 7/31/2019 LG Colour Teelevision

    38/81

    CHAPTER- II

    38

  • 7/31/2019 LG Colour Teelevision

    39/81

    OBJECTIVES OF THE STUDY

    In a competitive marketplace where businesses compete for customers,

    consumer perception is seen as a key differentiator and increasingly has become

    a key element of business strategy.

    To achieve success, companies must generate repeat business, getting

    their customers to return again and again. And they do this by creating highly

    satisfied customers. It's the owner's concerted effort to determine the issues

    that drive consumer perception and then deliver on them. The only way to

    know whether the company is delivering on them is to measure continuously.

    The study is undertaken to analyze the customer perception of the LGEIL with

    respect to Television.

    To know the customer behavior of LG Color Television.

    To know the most influencing factors in decision making to

    purchase a CTVs.

    To ascertain the customers level of perception with the product of

    LGEIL.

    To know the problems faced by the customer from the LG Color

    Television.

    To know the consumer perception with the sound system of LG

    Color Televisions.

    39

  • 7/31/2019 LG Colour Teelevision

    40/81

  • 7/31/2019 LG Colour Teelevision

    41/81

  • 7/31/2019 LG Colour Teelevision

    42/81

    CHAPTER-III

    ANALYSIS AND

    INTERPRETATION

    42

  • 7/31/2019 LG Colour Teelevision

    43/81

  • 7/31/2019 LG Colour Teelevision

    44/81

    GRAPH SHOWING VARIOUS BRAND

    PERFORMANCE BY THE RESPONENTS

    TABLE #1

    0

    10

    20

    30

    40

    50

    60

    LG BPL SAMSUNG ONIDA OTHERS

    PRODUCTS

    RESPONDENTS%

    RESPONDENTS

    PERCENTAGE

    2. when they were asked about do you like mostly like product in the LG

    company products in the given table;

    44

  • 7/31/2019 LG Colour Teelevision

    45/81

    TABLE # 2

    PRODUCTS RESPONDENT PERCENTAGE

    TV

    REFRIGIRATER

    WASHING

    MACHINE

    OVEN

    30

    25

    4

    1

    50.00

    41.66

    6.67

    1.66

    60 100.00

    INTERPRETATION:

    We can conclude from the above the table that out of 60 represents 50 percent

    of people likes TVS and followed by refrigerator is 41.66 %, washing

    machines are 6.67 % and ovens are used 1.66 % people.

    GRAPH SHOWING VARIOUS BRAND

    PERFORMANCE BY THE RESPONDENTS

    45

  • 7/31/2019 LG Colour Teelevision

    46/81

    TABLE #2

    0

    10

    20

    30

    40

    50

    60

    TV REFRIGIRATER WASHING MACHINE OVEN

    PRODUCTS

    RESPONDENTS(%)

    RESPONDENTS PERCENTAGE

    3. When they were asked about opinion on price of LG colour televisions.

    the respondents are given in that opinion following table

    46

  • 7/31/2019 LG Colour Teelevision

    47/81

    TABLE # 3

    OPINIONS RESPONDENTS PERCENTAGE

    Very high

    High

    No difference

    Low

    6

    10

    27

    17

    10.00

    16.00

    45.00

    28.33

    60 100.00

    INTERPRETATION:

    The above table shows the opinion on price in that way many of the

    respondents (45%) are told that no difference to other company televisions.

    And next followed by low price (28.33) to compare to other company colour

    televisions.

    47

  • 7/31/2019 LG Colour Teelevision

    48/81

    GRAPH GIVING VARIOUS PRODUCTS OWNED BY

    THE RESPONDENTS

    TABLE #3

    0

    5

    10

    15

    20

    25

    30

    35

    40

    45

    50

    Very high High No difference low

    PRODUCTS

    RESPONDENTS%

    RESPONDENTS

    PERCENTAGE

    48

  • 7/31/2019 LG Colour Teelevision

    49/81

    4. Factors to the survey the purchase of LG colour television set below

    table

    TABLE # 4

    Reasons respondents percentage

    Model

    Price

    Publicity

    features

    14

    12

    7

    27

    23.33

    20.00

    11.66

    45.00

    60 100.00

    INTERPRETATION:

    According to the survey the main factor influencing to purchase of LG colour

    television. And followed by model is 23.33 percentage, price is 20.00

    percentage and after that follows publicity is 11.33% as follows.

    49

  • 7/31/2019 LG Colour Teelevision

    50/81

  • 7/31/2019 LG Colour Teelevision

    51/81

    5. When asked to opinion of the respondents to who is influenced to

    purchase this brand given below table?

    TABLE # 5

    OPINION ON RESPONDENTS PERCENTAGE

    Dealers

    Friends

    Relationships

    Self interest

    12

    7

    6

    35

    20.00

    11.66

    10.00

    58.33

    60 100.00

    INTERPRETATION:

    Those consumers who purchased LG CTVs suggested that are self interest are

    58.33% and then those consumers who are known as suggested by dealers are

    20.00% and followed by friends and relations.

    51

  • 7/31/2019 LG Colour Teelevision

    52/81

    GRAPH SHOWING

    WHO INFLUENCED YOU TO PURCHASE THE LG

    COLOUR TV

    TABLE 3 5

    0

    10

    20

    30

    40

    50

    60

    70

    Dealers Friends relatiopnships self interst

    RESPONDENTS PERCENTAGE

    52

  • 7/31/2019 LG Colour Teelevision

    53/81

    6. When they were asked about the purpose in this LG CTV going below

    TABLE # 6

    Opinion on respondents percentage

    Entertainment

    Education

    Sports

    Others

    48

    3

    9

    0

    80.00

    5.00

    15.00

    0.00

    60 100.00

    INTERPRETATION:

    When they asked to the consumers to sell about opinions on the selecting only

    in this brand. That are declared to many of the consumers are told that

    entertainment (80%) to use. and follows sports (15%). Education (5%).

    53

  • 7/31/2019 LG Colour Teelevision

    54/81

    GRAPH SHOWING RESPONDENTS OPINION ON

    PRICE BASIS

    TABLE #6

    0

    10

    20

    30

    40

    50

    60

    70

    80

    90

    Entertainment Education Sports Others

    RESPONDENTS PERCENTAGE

    54

  • 7/31/2019 LG Colour Teelevision

    55/81

  • 7/31/2019 LG Colour Teelevision

    56/81

    FOLLOWING GRAPH SHOWS INFORMATION OF

    OPINION ON CLARITY AND SOUND SYSTEM

    TABLE #7

    0

    10

    20

    30

    40

    50

    60

    70

    Very good Good Not so good

    RESPONDENTS PERCENTAGE

    8. What is the reason for choosing particularly of the brand? As follows

    56

  • 7/31/2019 LG Colour Teelevision

    57/81

    TABLE # 8

    REASON RESPONDENTS PERCENTAGE

    Quality

    Price

    Features

    others

    12

    12

    36

    0

    20.00

    20.00

    60.00

    0.00

    60 100.00

    INTERPRETATION:

    The above table displayed on particularly in this brand select as on many of theconsumers are tell about features is 60%. Quality. Price as 20% as on.

    57

  • 7/31/2019 LG Colour Teelevision

    58/81

    FOLLOWING GRAPH SHOWS INFORMATION ON

    QUALITY PRICE FEATURE AND OTHERS

    TABLE # 8

    0

    10

    20

    30

    40

    50

    60

    70

    Quality Price Features others

    RESPONDENTS PERCENTAGE

    9. Which particular media do you think is effectively spreading the

    television market; as following table is display?

    58

  • 7/31/2019 LG Colour Teelevision

    59/81

    TABLE #9

    OPINIONS RESPONDENTS PERCENTAGE

    Electronics

    Print media

    Sales persons

    dealers

    26

    22

    8

    4

    43.33

    36.33

    13.33

    6.66

    60 100.00

    INTERPRETATION:

    The above table displays many of the consumers are said to use electronic

    media is 43.33%. And after print media is 36.66%, after that used sales person

    and dealers.

    59

  • 7/31/2019 LG Colour Teelevision

    60/81

  • 7/31/2019 LG Colour Teelevision

    61/81

    TABLE #10

    OPINION ON RESPONDENTS PERCENTAGE

    Dealers

    Service centers

    25

    38

    36.66

    63.33

    60 100.00

    INTERPRETATION:

    By seeing the above table we can conclude that 36.66 % of the people have

    meet dealers when they faced problems with the product and 63.33 % of

    people have meet service centers when they faced problems.

    IF YOU FACED ANY PROBLEMS WHOM DO

    YOU CONTACT

    61

  • 7/31/2019 LG Colour Teelevision

    62/81

    TABLE # 10

    0

    10

    20

    30

    40

    50

    60

    70

    Dealers Service centers

    RESPONDENTS PERCENTAGE

    11. When collected the opinion to the consumers to ask how do you state in

    this LG colour television set. As following below table

    62

  • 7/31/2019 LG Colour Teelevision

    63/81

  • 7/31/2019 LG Colour Teelevision

    64/81

    TABLE # 11

    0

    10

    20

    30

    40

    50

    60

    Technically superior Reliable Value of money

    RESPONDENTS PERCENTAGE

    12. Recommendation of LG colour televisions to others, as follows;

    64

  • 7/31/2019 LG Colour Teelevision

    65/81

    TABLE # 12

    OPINIONS RESPONDENTS PERCENTAGE

    YES

    NO

    48

    12

    80.00

    20.00

    60 100.00

    INTERPRETATION:

    Survey reports reveal that 80% of consumers are recommending motivating

    to buy LG CTV. In addition 20% consumers are not recommending to others.

    GRAPH

    RECOMMENDATION OF LG COLOUR TELEVISION

    TO OTHERS:

    65

  • 7/31/2019 LG Colour Teelevision

    66/81

  • 7/31/2019 LG Colour Teelevision

    67/81

    TABLE # 13

    OPINION RESPONDENTS PERCENTAGE

    YES

    NO

    21

    39

    35.00

    65.00

    60 100.00

    INTERPRETATION:

    By the above table we can conclude that 35.00 % of people have satisfied with

    financial options provided for the colour television and 65 % of people have

    not satisfied with financial options provided for the colour television.

    GRAPH

    FINANCE SERVICES PROVIDED AT BELOW LEVEL

    67

  • 7/31/2019 LG Colour Teelevision

    68/81

    table# 13

    0

    10

    20

    30

    40

    50

    60

    70

    YES NO

    RESPONDENTS PERCENTAGE

    14. When they were asked to the perception on the warranty period of in this

    product in the company. As follows

    68

  • 7/31/2019 LG Colour Teelevision

    69/81

  • 7/31/2019 LG Colour Teelevision

    70/81

    TABLE 3 14

    0

    10

    20

    30

    40

    50

    60

    70

    YES NO

    RESPONDENTS PERCENTAGE

    15. When they were asked their opinions on the models on this company

    colour televisions. The results as follows;

    TABLE # 15

    70

  • 7/31/2019 LG Colour Teelevision

    71/81

    OPINIONS RESPONDENTS PERCENTAGE

    Good models

    Average models

    51

    9

    85.00

    15.00

    60 100.00

    INTERPRETATION:

    The above tables displayed on the models on the LG colour televisions are

    most of the consumers are told that is 85% of consumers are good models and

    another 15% consumers said average models.

    GRAPH

    CUSTOMERS OPINIONS ON LG COLOURTELEVISION MODELS

    71

  • 7/31/2019 LG Colour Teelevision

    72/81

    TABLE # 15

    0

    10

    20

    30

    40

    50

    60

    70

    80

    90

    Good models Average models

    RESPONDENTS PERCENTAGE

    16. When they were asked about the perception about the perception level by

    the product that they owned. The results were given in below table;

    72

  • 7/31/2019 LG Colour Teelevision

    73/81

    TABLE # 16

    LEVEL OF

    PERCEPTION

    RESPONDENTS PERCENTAGE

    Very much satisfied

    Satisfied

    Not satisfied

    36

    14

    10

    60.00

    23.33

    16.66

    60 100.00

    INTERPRETATION:

    From the above table we can inferred that 60.00 % of respondents are very

    much satisfied with the model they owed and 23.33 % of the people are

    satisfied by the product and 16.66 % of people are not satisfied by the owned

    product

    GRAPH SHOWING THE FEELING OF

    RESPONDENTS TOWARDS LG COLOUR

    TELEVISOIN PERFORMANCE:

    73

  • 7/31/2019 LG Colour Teelevision

    74/81

    TABLE # 16

    0

    10

    20

    30

    40

    50

    60

    70

    Very much satisfied satisfied Not satisfied

    RESPONDENTS PERCENTAGE

    74

  • 7/31/2019 LG Colour Teelevision

    75/81

    CHAPTER-IV

    CONCLUSIONS

    AND

    SUGGESTIONS

    CONCLUSIONS

    1. Majority of the respondents are satisfied by the features.

    2. 85% of respondents are satisfied with the models in the LG colour

    televisions.

    75

  • 7/31/2019 LG Colour Teelevision

    76/81

  • 7/31/2019 LG Colour Teelevision

    77/81

  • 7/31/2019 LG Colour Teelevision

    78/81

    CHAPTER-V

    APPENDIX

    QUESTIONNAIRE

    Particulars about respondents

    Name :

    Occupation :

    Address :

    78

  • 7/31/2019 LG Colour Teelevision

    79/81

  • 7/31/2019 LG Colour Teelevision

    80/81

  • 7/31/2019 LG Colour Teelevision

    81/81

    1).CONSUMER BEHAVIOUR

    -Schiffman & Kanuak,PHI,6th Edition-1997

    2). MARKETING MANAGEMENT

    - Philip Kotler

    3).MARKETING MANAGEMENT Indian context

    - Ramaswamy & Ramakumar, Mac Millan India ltd.-1995

    Websites:

    www.lgindia.com

    www.google.com