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A Project Report On Impact of Brand Positioning On Consumer Learning & Brand Loyalty With
A Project Report On Impact of Brand Positioning On Consumer Learning & Brand Loyalty With
A Project Report On Impact of Brand Positioning On Consumer Learning & Brand Loyalty With
A Project Report
On
Impact of Brand Positioning on Consumer Learning &
Brand Loyalty With
Submitted By-
Kundan Kumar
(19MBA062)
PROJECT REPORT
2020-2021
DECLARATION
Kundan Kumar
MBA 3rd Semester
Roll No. 19MBA062
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PREFACE
It exposes the potential of the manager of the future to the actual tune of
the working environment present is dynamic organization.
Training is the process of increasing the knowledge and skill for doing a
particular job. It is an organized procedure by which people learn knowledge
and skill for a definite purpose. The purpose of training is basically to bridge
the gap between job requirements and present competency of an employee.
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ACKNOWLEDGEMENTS
ABSTRACT
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CONTENT
Chapter 1 Page
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Introduction
Chapter 2-
Chapter 3-
Chapter 6-
Conclusion
CHAPTER 1
INTRODUCTION
Branding is acknowledged to be one of the most fascinating marketing
strategies used for the purpose of winning or overcoming competition. In
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today new marketing world, the time is flying and numerous changes are
taking place in the marketing strategies that are being adopted by the
companies which leeks in to sustain various competitive advantages. A
company will have a fast growth only if it has all the correct information
regarding the consumers buying behaviour and their habits. Companies are
now gradually shifting their focus from a product or market line to the
customers and their marketing activities and now they are paying much more
attention on the reaction that consumers display in regards to the 7P’s that
are- Product, Price, Promotion, Physical layout, Process and People. The
impact of increased non-branded information on consumer choice. Both the
eye tracking and recognition data provided some tentative evidence that
increasing the size of nutritional labels displayed on packaging may influence
consumer behaviour, by increasing attention to but reducing recognition of
certain brands. However, the observed effects were not statistically reliable,
indicating that the impact of nutritional information may not be significant.
1.6 Contribution:
Social Factors- Which refer to forces that other people exert and which
affect consumers’ purchase behaviour. These social factors include
culture and subculture, roles and family, social class and reference
groups.
Psychological Factors- Which are internal to an individual and
generate forces within that influence her/his purchase behaviour. The
major forces include motives, perception, learning, attitude and
personality.
Personal Factors- Which include those aspects that are unique to a
person and influence purchase behaviour. These factors include
demographic factors, lifestyle, and situational factors.
CHAPTER 2
COMPANY PROFILE
Get full control on your business to organize the processes and boost up
the productivity of your team. Hire our experts to learn leadership and
management skill is that you need to streamline the business processes and
increase profitability.
Employee Management
and process which to streamline the various activities so that you can improve
productivity and reduce manhour wastage. Get in touch with our experts to
create compact and feasible system and process development.
Branding
Marketing
A business grows steadily when you can create new markets for your
products and services. However, entering a new marketplace pushing
through other existing brands can be a tough game. We can help you making
it simpler though our proven tactics.
Sales
Sales is the ultimate target of any business that will keep your business in
profit. However, it's a part where you can't get the desired success if you don't
have fool proof strategy and proper implementation of planning. Get our
expert's advice to rectify the issues in your plan and boost your sale.
Customer Service
A sale isn't closed until you get a good feedback from your customer. So,
it's extremely valuable to contact your customer, know if they have any
complaints, solve that and get their satisfying review. With years of
experience, we know how to make it happen successfully. Get an
appointment and let's discuss on this.
Funding Sources
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Accounts
Improper accounting is not only dangerous for your business, but also can
lead you to government penalties and extremely bad consequences. Hire our
experts to get professional quality support and guidance on your business
accounting.
Management
Knowledge Build-up
a. Integrity:
They believe in being straight, honest and fair with their clients, their
people and their suppliers.
b. Dedication:
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c. Curiosity:
They’re always curious. They listen. Because they believe that the only way
to generate new ideas is to have an open mind. They are never satisfied with
the status quo as there is always a better way.
d. Innovation:
It lies at the heart of everything they do. And they use it judiciously to
respond to the consumers changing needs. They are always searching for an
outstanding business building idea.
e. Rapidity:
They believe that today time is more valuable than money. And their
approach to business stands testament to this belief. Rapid decision making
and flexibility go hand in hand when it comes to advertising industry.
PRODUCTS
The Information Technology Act, 2000 has provisions for use of Digital
Signatures on the documents submitted in electronic form in order to
ensure the security and authenticity of the documents filed electronically.
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TYPE OF CERTIFICATES-
Sign-
Sign DSC can only be used for signing documents. The most
popular usage of is signing the PDF file for Tax Returns, MCA and
other websites. Signing via DSC gives the assurance of not only the
integrity of the signer but also the data. It is proof of untampered and
unaltered data.
Encrypt-
Encrypt DSC can only be used to encrypt a document, it is
popularly used in the tender portal, to help companies encrypt the
documents and upload. You could also use the certificate to encrypt
and send classified information. Encrypt DSC is fit for e-commerce
documents, legal documentation and sharing documents that are highly
confidential and contains information that needs to be protected. We
are selling Encrypt certificate as a standalone product as well.
Sign & Encrypt-
Sign & Encrypt DSC can be used for both signing and encrypting.
It is convenient for users who need to authenticate and maintain the
confidentiality of the information shared. Its usage includes filing
government form and application.
o Customs e-filing
o E-procurement
o E-biding
o E-auction etc.
PROCESSING METHODS-
Aadhar-Based Paperless DSC-
Any applicant who is an Aadhaar card holder can apply for
the Digital Signature Certificates in a paperless manner using,
"Aadhaar Offline e-KYC'' procedure. Aadhar based KYC
verification process is paperless and digital knows your customer
(e-KYC) procedure, wherein the application is carried forward
after a digital verification of the applicant. The process of applying
for a DSC application to generate orders and downloading the
DSC is quick and can get completed within 15-20 mins.
PAN Based Paperless DSC-
By opting for the PAN-based Paperless DSC, the applicant
can save on the relative cost. The process of obtaining the Pan-
based Paperless DSC is easy, fast, and followed by a quick video
verification, where the applicant needs to reflect their PAN card in
the video. The best advantage of this Pan-based Paperless DSC
generated after e-KYC verification is that one can apply for this
type of DSC online anytime or anywhere, giving the applicant the
gift of global convenience.
GST Based Paperless DSC-
GST Based paperless Organisational DSCs (Digital Signature
Certificate) for Organisations having their exclusive GST
certificate. These certificates provide complete security by
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TRADEMARK REGISTRATION
A visual symbol like a word signature, name, device, label,
numerals, or combination of colors used by the owner of the trademark
for goods or services or other articles of commerce to distinguish it from
other similar goods or services originating from different businesses. A
trademark can be a word, symbol, logo, brand name, wrapper,
packaging labels, tagline, or a combination of these and are used by
manufacturers or service providers to identify their own products
and/or services. It is used to distinguish the owners’ products or
services from those of its competitors
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Types of Trademark
Goods:
Class 4: Industrial oils and greases, wax; lubricants; dust absorbing, wetting
and binding compositions; fuels and illuminates; candles and wicks for
lighting.
Class 6: Common metals and their alloys, ores; metal materials for building
and construction; transportable buildings of metal; non-electric cables and
wires of common metal; small items of metal hardware; metal containers for
storage or transport; safes.
Class 10: Surgical, medical, dental and veterinary apparatus and instruments;
artificial limbs, eyes and teeth; orthopaedic articles; suture materials;
therapeutic and assistive devices adapted for persons with disabilities;
massage apparatus; apparatus, devices and articles for nursing infants; sexual
activity apparatus, devices and articles.
Class 11: Apparatus and installations for lighting, heating, cooling, steam
generating, cooking, drying, ventilating, water supply and sanitary purposes.
Class 14: Precious metals and their alloys; jewellery, precious and semi-
precious stones; horological and chronometric instruments.
Class 15: Musical instruments; music stands and stands for musical
instruments; conductors’ batons.
Class 18: Leather and imitations of leather; animal skins and hides; luggage
and carrying bags; umbrellas and parasols; walking sticks; whips, harness and
saddlery; collars, leashes and clothing for animals.
Class 19: Materials, not of metal, for building and construction; rigid pipes,
not of metal, for building; asphalt, pitch, tar and bitumen; transportable
buildings, not of metal; monuments, not of metal.
Class 20: Furniture, mirrors, picture frames; containers, not of metal, for
storage or transport; unworked or semi-worked bone, horn, whalebone or
mother-of-pearl; shells; meerschaum; yellow amber.
Class 22: Ropes and string; nets; tents and tarpaulins; awnings of textile or
synthetic materials; sails; sacks for the transport and storage of materials in
bulk; padding, cushioning and stuffing materials, except of paper, cardboard,
rubber or plastics; raw fibrous textile materials and substitutes therefor.
Class 24: Textiles and substitutes for textiles; household linen; curtains of
textile or plastic.
Class 26: Lace, braid and embroidery, and haberdashery ribbons and bows;
buttons, hooks and eyes, pins and needles; artificial flowers; hair decorations;
false hair.
Class 27: Carpets, rugs, mats and matting, linoleum and other materials for
covering existing floors; wall hangings, not of textile.
Class 28: Games, toys and playthings; video game apparatus; gymnastic and
sporting articles; decorations for Christmas trees.
Class 29: Meat, fish, poultry and game; meat extracts; preserved, frozen, dried
and cooked fruits and vegetables; jellies, jams, compotes; eggs; milk, cheese,
butter, yogurt and other milk products; oils and fats for food.
Class 30: Coffee, tea, cocoa and artificial coffee; rice, pasta and noodles;
tapioca and sago; flour and preparations made from cereals; bread, pastries
and confectionery; chocolate; ice cream, sorbets and other edible ices; sugar,
honey, treacle; yeast, baking-powder; salt, seasonings, spices, preserved herbs;
vinegar, sauces and other condiments; ice (frozen water).
Class 32: Beers; non-alcoholic beverages; mineral and aerated waters; fruit
beverages and fruit juices; syrups and other non-alcoholic preparations for
making beverages.
Class 33: Alcoholic beverages, except beers; alcoholic preparations for making
beverages.
Class 34: Tobacco and tobacco substitutes; cigarettes and cigars; electronic
cigarettes and oral vaporizers for smokers; smokers’ articles; matches.
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Services:
Class 36: Insurance; financial affairs; monetary affairs; real estate affairs.
Class 40: Treatment of materials; recycling of waste and trash; air purification
and treatment of water; printing services; food and drink preservation.
Class 42: Scientific and technological services and research and design relating
thereto; industrial analysis, industrial research and industrial design services;
quality control and authentication services; design and development of
computer hardware and software.
Class 43: Services for providing food and drink; temporary accommodation.
Class 44: Medical services; veterinary services; hygienic and beauty care for
human beings or animals; agriculture, aquaculture, horticulture and forestry
services.
Class 45: Legal services; security services for the physical protection of
tangible property and individuals; personal and social services rendered by
others to meet the needs of individuals.
ISO CERTIFICATION
An Overview
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There are numerous types of ISO certification in India that are listed below:
Make an Application
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Once the entrepreneur or application has selected the ISO standard and
ISO certification body, need to make an application in a prescribed form
(depends on the ISO registrar). The application should contain rights and
obligations of entrepreneur and certification body parties and includes
liability issues, confidentiality, and access rights.
The ISO certification body will review all the quality manuals and
documents related to various policies and procedures being followed in the
organisation. Review of existing works will help the ISO registrar to identify
the possible gaps against the requirements stipulated in the ISO standards.
After the ISO registrar notified the existing gaps in the organisation, the
applicant or entrepreneur has to prepare an action plan to eliminate these
gaps. The action plan should contain the list of the required tasks to be
performed to meet the Quality Management System
Note: The entrepreneur may need giving training to employees to work efficiently to
achieve quality management system. Make all the employees in the organisation to aware
of the ISO standards concerning work efficiency and quality standards.
The ISO registrar will conduct a physical onsite inspection to audit the
changes made in the organisation.
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During the audit, if the registrar finds anything that does not meet with the
requirements of the ISO standards, registrar determines the severity and issue
findings. Audit findings are usually called as nonconformities and fall into
one of two categories depending on severity.
Final audit
After all, non-conformities are addressed, and all the findings are updated
in the ISO audit report, the registrar will grant the ISO certification.
Surveillance Audits
Always provide you the confidence of getting the service that closely
meets your requirements.
It differentiates the market and leadership by showing to others
credible evidence of good practice.
Through this you may get a chance to win a new business since the use
of accredited conformity assessment services is increasingly a
stipulation of specifiers in both the public and private sector;
Helps to identify the best practice since the certification body needs to
have an appropriate knowledge of your business sector.
It has the ability to control the cost with the help of knowledge transfer
since accredited certification bodies can be a good source of impartial
advice.
You can gain access to overseas markets since certificates issued by
them are recognized well and accepted throughout the world by
choosing an accredited body for certification.
Apart from this, it demonstrates due diligence in the event of legal
action.
Last, it reduces paperwork and increases efficiency by reducing the
relevance of re-audit your business.
CHAPTER 3
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LITERATURE REVIEW
The present era is of 21st century and to plug-in the theme of any of the
offering either it is a tangible good or an intangible service. Positioning
has a very vital role to play in it. Positioning is basically related to a mind
of a human being how a particular service or physical good or product is
designed to target the audience who are the consumers it is basically how
the marketers play with the mind of the audience to make sure the concept
and picture they want to communicate to the target audience. The
most effective weapon to achieve efficient positioning is TVC
(Television commercials). To get rid of the flaws of the major
positioning idea it is very significant to distinguish among brand
positioning and planned or to reach a certain level positioning.
Positioning is basically an aggressive market status of any brand in
opposition to its opponent. (Porter & Evans, 1996). Brand positioning is
the brand icon that builds in consumer mind by his or her idea it is
basically shaped from side to side consumer psychoanalysis whether
normal or exciting (Zinkhan & Dobni, 1990). To get better ideas of brand
positioning a discrepancy between conventional, real and clear
positioning needs to be drawn. Expected or predictable positioning is
how the consumers evaluate the brand it is basically the perceived value
from the consumer side. The actual or authenticated positioning is
basically the positioning the company or a brand tends and wants the
consumer to perceive the gadgets used to form it is the TVC
television commercials, advertising the main weapon to make the
positioning (Krishnan, Lilien & Rangaswamy, 2003). Marketing wires a
bridge for positioning (Dillon & Seggev, 1986). As far as any
illustration commercial is concerned it consists of a distinctive &
inventive element the innovative part contains the brand information,
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to making the judgment to get it. (Money, Gilly & Graham, 1998;
Shipm & Bearden,
1982). Trustworthiness is defined as the believability of an individual
purpose at a specific time. Trustworthiness has major parts. Expertise &
dependability (Rao & Ruekkert, 1994; Wernerfelt, 1988).
On the whole brand trustworthiness or brand standing is the brand
belief by the consumer that the information or knowledge that is
communicated and positioning that has been created in the brand it
requires that consumers supposed the brand as having the capacity and
eagerness to deliver on a regular basis that has been promised as it can
leads to the signals of brands because if there would be no promise
fulfilling the brand
equity might be erased or eliminated. The researches in the past also
said about the link of brand selection to different cultural extent (Cray
& Mallory, 1998; Trompenaars & Hampden-turner, 1997; Voich, 1995)
significant effort on cultural cross assessment scheme recognize different
characteristic of cultures that can vary the brand choice as the concept
is given by Hofstede. He conducted the research in organizational
setup the value he define more or less connected with the consumer
behavior like consumer tipping behavior or attitude (Lynn, Zinkhan &
Harris 1993 ). A significant trait of a brands position in a product
grouping is how similar or differentiated the brand is perceived to be in
contrast with the other brands available in the market and in evaluation
with the product category. For a positioning of a brand that is newly born
or bit old several choice are there for the marketers initially he can make a
positioning of the brand different in the overall market. By this
advancement the brand is positioned and it shows a mix features and
characteristics of the product in the grouping with different products
and it shows as better on the differentiating the features of the product
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extensions i.e. addition and the center brand. The vital mechanism of
positioning are the picking up the right customer targets , picking up
the competitor targets and briefing down the competitive advantage as
it is the unique attribute that the brand holds against its rivals which
is very important in gaining the trust of the consumers and making a
positive perception for consumers (Brooksbank, 1994). Being a manager of
the brand as it holds a very significant role to play to make a brand
to success or a failure he or she must have the confidence in the
brand and must communicate the perception of the brand to the target
consumer’s mentality.
(Ghodeswar, 2008). In creating a positioning strategy and to make it a
successful weapon marketer must make sure and deem the target market
and communicate to them that how the product is better from the other
available rival brands and how it will be beneficial for them (Gwin &
Gwin, 2003). Association with the marketing is in fashion for more than
decades (Harger & Egan, 2006).
Its promoter see it as an growing model that guarantee so much and so
in a way customer satisfaction and customer loyalty the best prominent
definitions to relationship marketing as attracting and keeping
customer in the extended term. The motive is to alter buyer actions and
standing from informal comes a crossing, through marketing interference.
Association marketing favors satisfied that can no longer be only rising,
selling and carrying products where the importance given to the
customers rather than keeping them. It is more or less getting anxious
with the expansion and protection of jointly pleasing relationships
with customer (Buttle, 1996) and clutches the customers keeping
trustworthy (Gummesson, 1994;
Bulger, 1999). In classify to obtain touching competitive advantage on the
market the brand must be understood and get by the target prospects. The
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CHAPTER 4
CONCLUSION, DISCUSSION, IMPLIACTIONS
AND FUTURE RESEARCH
Conclusion
Discussions
There are 3 hypotheses in this research i.e., H: 1 (Beneficial positioning)
H:2 (Surrogate positioning) H:3 (Competitive positioning) out of 3, 2 is
rejected and one is accepted it showed that Surrogate positioning have the
positive impact on consumer perception therefore it is accepted whereas
the competitive and beneficial positioning have the negative impact on
consumer perception therefore it is rejected.
Implications
The implication of this research study is concerned one can really get
best of it because it really spelled out the hard core reality that how
consumer perceive about certain brands and what urge them to buy more
and what make them delight and satisfied and for which brand they like to
do the long discussions and promotions as a marketer one should never
forget word of mouth of the consumers it is really major weapon to make
the brand success full as the study suggests that the psychological I.e.
surrogate positioning has shown the positive impact on consumer
perception while the competitive and beneficial positioning showed
negative perception of consumers by this assessments one can say that the
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marketers must be focus on the vision of their brand that where they want
to see their brand. This research suggest that they should seek an umbrella
where they can make a strategy in a way that will be an innovative and
exclusive thing in the market because these days the consumers are really
conservative about the quality, brand name , brand image and the promise
the brand do with their consumers so there is a roam available is a market
and for that being a marker one should try to fill that gap in the industry
which are missing this study can really help out to implement and to think
out of the box one cannot be as a copycat this research can create a certain
image In the mind of the consumer that what position exemplifies as a new
brand In a market one can implement this study and take a deep help out
of it.
Future research
By analysing this research one can come to the point that in future
aspect the research can be pursued regarding what are the parameters on
which consumer accept or reject the brand. Moreover, how they perceive a
new brand in the market and what are their expectations from a brand. The
question regarding how positioning triggers the consumer to buy product
of particular brand could also be answered in future researches.
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