Professional Documents
Culture Documents
2013
Ezhilmalar 1211017
Vinoth Kumar R 1211064 Satish Kokate 1211107 Tanveer Mohd 1211151 R Prem Kumar 1211212 Anupam Francis 1211328
Objective
To increase the sales of ITC's Fiama Dil Wills
Research problems
1) To determine the effectiveness of current advertising campaign, communication and distribution channels. 2) To study the impact of currently offered features, and Points of Differentiation on the sales 3) To determine the consumer preferences and the purchase intentions of the products offered 4) To study the impact of current pricing strategy of Fiama Di Wills offered on their sales, determine the impact of price level changes on the sales and profits.
Methodology
We would start our research with the systematic gathering, recording and analysing of data about ITCs current strategy regarding their personal care category, the market, the customers and their preferences and the competitors strategies and features offered vis--vis ITCs. Our focus will be mainly on the following questions:
Who are the customers? Where are they located and how can they be contacted? What quantity and quality do they want?
What are the features they value most in the personal care products? What are the advertising channels used by ITC and are they effective? What are the other competitors offering in terms of features like pricing, packaging, advertising, choice of celebrities for promotion etc.?
c. Quantitative Research: Once we get the data from the above researches, we will assign numerical values to the qualitative data to make it measurable and comparable. d. Causal Research: It would be the most important part as we would determine what factors actually contribute to the declining sales.
Mid Term Report Problem Definition, Research Design, 28-Jan-2013 Secondary study, Exploratory study, Checklist prior to Questionnaire Final Report Questionnaire, Primary Study, Data analysis- 07-Mar-2013 Factor analysis and Multidimensional Scaling (MDS) analysis, Findings and Recommendations Powerpoint Presentation for the Final project Report 07-Mar-2013