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Data Enrichment of Indiamart
Data Enrichment of Indiamart
ON
SUBMITTED TO:
INTERNAL GUIDE
Himanshu Mohobia
Assit. Professor
IMS
Dehradun
EXTERNAL GUIDE
Vivekanand
Manager,
Operation Manager
IndiaMART,InterMSEH
Ltd.
SUBMITTED BY:
Shilpa Sudha
(13MBA170)
DEHRADUN
BATCH 2013-15
SUBMITTED BY:
Shilpa Sudha
(13MBA170)
SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR
THE MASTERS DEGREE IN BUSINESS ADMINISTRATION
BATCH 2013-2015
ACKNOWLEDGEMENT
A summer project is a golden opportunity for learning and self-development. I consider myself
very lucky and honoured to have so many wonderful people lead me through in completion of
this project.
I wish to express my indebted gratitude and special thanks to Mr. Vivekananda Yadav, Operation
manager, India Mart Intermesh Ltd., Noida(UP) who in spite of being extraordinarily busy with
his duties, took time out to hear, guide and keep me on the correct path and allowing me to carry
out my industrial project work at their esteemed organization and extending during the training.
A humble Thank you Sir.
I express my deepest thanks to & Mr. Gaurav Tiwari (Sales Head), Mrs. Alibha Bhatt, Human
Resource Manager (HRM) for taking part in useful decision & giving necessary advices and
guidance and arranged all facilities to make life easier. I choose this moment to acknowledge
their contribution gratefully.
It is my glowing feeling to place on record my best regards, deepest sense of gratitude to
employees of IndiaMART. For their judicious and precious guidance which were extremely
valuable for our study both theoretically and practically.
I express my deepest thanks to Prof. Himanshu Mohobia for their guidance and support. He
supported to us by showing different method of information collection about the company. He
helped all time when we needed and he gave right direction toward completion of project.
Place: Dehradun
Shilpa Sudha
(2013-2014)
Sr . no.
Content
1.
Introduction
2.
Company Profile
3.
Literature Review
4.
Research Methodology
5.
Objective
6.
7.
Findings
8.
Limitations
9.
10.
Achievements
11.
Bibliography
12.
Questionnaire
Page no.
Table of Graph
Sr. no
Content
1.
2.
3.
4.
Page no.
COMPANY PROFILE
IndiaMART.com has won numerous awards over the years, which include
coveted Red Herring Award, Emerging India Award, among others. The
company has also been widely covered by media for its pioneering role in
promoting SME business in the country.
Its existing investors include Intel Capital and Bennett, Coleman &Co. Ltd
(Times Group), India's largest print media group.
India's
domestic
with
unblemished
company in
Core values
For us they are simple and straight; take responsibility, work with passion
and commitment, move ahead as a team and conserve the integrity. We firmly
believe that core values keep organizations stable and focused to the common goal.
Our core values have helped us achieve our mission to bring measurable benefits to
our customers.
Responsibility
Responsibility, not just of quality work but of continuous self-development,
of our decisions and of our actions. This helps us think rationally and provides a
sense of accountability to ourselves, our commitment to customers and to our
colleagues.
Passion
Work at IndiaMART.com involves constant innovation and creativity. It
involves a continuous thought process to get tangible benefits to our customers,
taking into account the uniqueness of their purpose. Passionate people with a
determination to make the difference are the ones who make this possible.
Team Work
Together we can achieve the impossible" is our belief.
Our success is a result of our team work. Experts from the field of management,
marketing, IT, arts, content & various other disciplines work as a team on every
project, every endeavour. Dedication, passion and teamwork are the true means to
our mission fulfilment.
Integrity
We realize the importance of the job & information we handle. We
understand the responsibility that each member of our team has to shoulder and we
do that with highest levels of trust, honesty and integrity - of purpose and action.
QUALITY
We are the first Indian company in our domain to have received ISO9001:2008
certification for overall quality management and the organisations ability to
successfully "meet customer, regulatory and statutory requirements."
QUALITY POLICY we are committed to provide high quality web services &
solutions that ensure profitable returns to our customers. We strive to enhance the
value delivered to our clients by continually improving the quality of services
offered.
Dynamic Catalog
Trust Seal
Star Supplier
With Star Supplier to your support, you can get premium positioning among
suppliers in all the relevant categories.
Leading Supplier
Leading Supplier is the right choice for companies who have a right mix
of infrastructure, management capabilities and experience in servicing global
buyers.
Banner Advertising
Build your brand & drive traffic to your website with Banner Advertising
The arrival of the MNC is a major serious threat for the company.
REVIEW OF LITERATURE
RESEARCH METHODOLOGY
OBJECTIVE OF THE STUDY
RESEARCH METHODOLOGY
Marketing Research is the systematic &
objective identification, collection, analysis,
dissemination & use of information for the purpose
of improving decision-making related to the
identification & solution of problems &
opportunities in Marketing. A research process
consists of stages or steps that guide the project
from its conception through the final analysis,
recommendations and ultimate actions. There
search process provides a systematic, planned
approach to the research project and ensures the
all aspects of at the research project are consistent
with each other. Research studies evolve through a
series of steps, each representing the answer to a
key question.
INTRODUCTION TO METHODOLOGY
This chapter aims to understand the research methodology
establishing a framework of evaluation and revaluation of
primary and secondary research. The techniques and concepts
used during primary research in order to arrive at findings;
which are also dealt with and lead to a logical deduction towards
the analysis and results.
RESEARCH DESIGN
Research design is a conceptual structure within which research
was conducted. A research design is the detailed blueprint used
to guide a research study towards its objective. It is a series of
advanced decision taken together comprising a master plan or a
EXPLORATORY RESEARCH
The method I used for exploratory research was Primary Data,
Secondary data
PRIMARY DATA
New data gathered to help solve the problem at hand. As
compared to secondary data which is previously gathered data. An
example is information gathered by a questionnaire.
Qualitative or quantitative data that are newly collected in the
course of research Consists of, original information that comes from
people and includes information gathered from surveys, focus groups,
independent observations and test results.
Data gathered by the researcher in the act of conducting
research. This is contrasted to secondary data, which entails the use of
data gathered by someone other than the researcher information that is
obtained directly from first-hand sources by means of surveys,
observation or experimentation.
Primary data is basically collected by getting questionnaire
asked to the respondents. Customer Satisfaction in 7 Steps
1. Encourage The Customer In Telephonic Dealings.
2. Respond to Messages Promptly & Keep Your Clients Informed
3. Be Friendly and Approachable.
DESCRIPTIVE RESEARCH
STEPS in the descriptive research
DATA COLLECTION
SAMPLE SIZE
This involves figuring out how many samples one need. The numbers
of samples you need are affected by the following factors:
Project goals
How you plan to analyze your data?
How variable your data are or are likely to be?
How precisely you want to measure change or trend?
The number of years over which you want to detect a trend?
How many times a year you will sample each point?
How much money and manpower you have?
I have targeted 50 people for the purpose of the research. The
target population influences the sample size. The target population
represents there Bangalore. . The people were from different
professional backgrounds. The details of our sample are explained
SIGNIFICANCE OF STUDY
Every research is conducted to fulfill certain objective and these
objectives in turn fulfill some purpose. The need of the study arises
because of the reason that a trainee must understand the company, its
achievement s and t asks, product s and services and also to collect
information about its product s and services offered to customer through
collecting their views as per t heir percept in about company. So that,
after understanding and collecting information about the organization
performance in eyes of customer, a trainee will be able to work well for
the organization. This hand on experience helps him in identifying the
critical factor of changing consumer perception. It provides a feedback
to the organization about their sales schemes and what impact dose it has
on the consumer. It helps the firm acquire a better understating of the
buyer thinking. The very essence of every project related to marketing is
providing a view to management for chalk out the organization. So that
they can maintain a viable fit between the organization objective, skill
and resources and its changing market opportunities. Also give proper
shape to the company business target profit and gowth. It also aids he
formulation of marketing mix, decision on each element of marketing
mix, product, distribution and promotion and pricing etc. need the
support of marketing research.
Interpretation:
FINDINGS
The IndiaMart is lacking in the areas of services promotion, it should
redesign its promotional strategies to capture more market. The company will have
to provide the customer experts knowledge in broader way i.e. to each needful
person when needed.
The company should lower its brokerage charge in order to gain
more customers. The company should increase the number of advertisement
through various media to remind present as well as to aware new customer about
its services.
The company should solve the problems of the customers
quickly because delay in this will make them dissatisfied and they will not provide
the reference of any customers.
The company should organize seminars for new as well as
existing customer in order to make existing customer delight by providing some
gifts. This will act as a customer acquisition program.
LIMITATIONS
The basic problem that everyone faces today is of recession. The same case
is with small scale sectors. The most likely argument is not getting enough
return on their investment so its difficult for us to invest at this point of
time.
Some of the customers are satisfied with the present status of their business.
They dont want to expand further due to limited resources or lack of vision
and like to avoid risk. For e.g. if company gets regular order from
government, shows no interest to online promotional services.
The price factor also plays key role in generating leads because aware
customers are likely to respond to that services which offer maximum
advantage at minimum cost. For e.g. tradeindia.com provides almost same
services but at considerably low amount as compared toindiamart.com.
Some of the clients are not able to afford the cost or price thatindiamart.com
offers. It necessitates keeping record of their status at regular interval. For
e.g. with the help of appointment at regular intervals, the probability of
converting the prospect into regular client can be found out.
Many of the clients had bad experiences as a result they have withdrawn
from it. The most likely reasons are unsatisfactory inquiries and fake
inquiries. Some of them had suffered heavy losses by accepting those fake
inquires.
Some of the clients are very satisfied with their business as they are
generating enough business locally.
RECOMMENDATION
Company should have a scheme of rewards and recognition to employees and the
field persons to boost their motivation.Rs24000 promotion charges are too high
when targeting a corporate so the company should be flexible on this amount.
After sales services and follow up calls are important for getting new
references so trained telesales should be appointed for this purpose whose sole
work should be to make feedback calls.
Make the complaint process and complaint redressed process easy so
that there is a scope of improvement to identify regions where promotions are
required. The company needs to go for aggressive advertisement campaign
Increase two way communications between the company and the client Company
should contact with their clients regularly for knowing the problems faced by them.
This will result in additional customer base by getting further
references from satisfied clients. The Company should give training to the
customers and keep seminars for the customers.
CONCLUSION
The main purpose of Summer Internship Program (SIP) is to gain
practical knowledge and apply our skills in practical and real environment. It is the
time when we have to sharpen our skills, abilities and knowledge which would
help me in getting final placement.
In Indiamart.com, I have got an opportunity to explore my
potential. By preparing extensive research reports we have attained fundamental
knowledge of online promotional services, its scope and its importance in coming
years.
I have also come across various technicalities related to online
promotional services. I am very confident that after completing my internship in
Indiamart.com Company I would have mastered in various online promotional
services.
BIBLIOGRAPHY
BOOKS
Marketing Management: - PHILIP KOTLER 13th Edition, 2009,
Prentice Hall of India Ltd., New Delhi.
Marketing Management:- V.S RAMASWAMY AND S.
NAMAKUMARI
Marketing Research: - DR. C.R. KOTHARI
NEWSPAPER AND MAGAZINE
Business World
The Economic Times
Business Standard
Business line
WEBSITES
www.IndiaMart.com
www.google.com
www.investopedia.com
www.wikipedia.com
QUESTIONNAIRE
[1] Company Name
[2] Address
[3] Contact number
[4] Email ID
[5] Website
[6] Nature of Business
o
o
o
o
o
o
o
o
o
o
o
Manufacturer
Exporter
Domestic
Supplier
Export house
Import house
Buying agent
Stockiest
Wholesaler
Retailer
All
H.U.F
Partnership
Private Ltd Co.
Proprietorship
Limited Co.
[8] What kind of source of media you use to promote your company?
o Print media
o Personal reference
o Online promotion services
o Others
o Exhibition/ trade shows
[10] Do you know the companies which provide online promotion services?
o Yes
o No
If, yes
o Indiamart.com
o Tradeindia.com
o Exportersindia.com
o Alibaba.com
o Madefromindia.com
o Indianyellowpages.com
[11] How much amount of money you spend to market your product/service
annually on Internet?
o
o
o
o
o Local
o National
o Global
[17] Does your service provider provide you with existence verification, credibility
factors and statutory approvals?
o Yes
o No
o
o
o
o
o
o
Indiamart.com
Tradeindia.com
Exportersindia.com
Alibaba.com
Madefromindia.com
Indianyellowpages.com
[20] Rank the following benefits which would you like to reap from the internet?
Tap new markers across the world
o
o
o
o
o