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Project Report STR
Project Report STR
On
BATCH -2020-2022
CERTIFICATE OF ORIGINALITY
I Mr. Anjali Sharma, Roll No 01318403920 of MBA 17
batch of Army Institute of Management & Technology
has undergone a Summer Internship in IFORTIS for a
duration of 07 weeks on a project title ‘COMPARTIVE
STUDY OF ONLINE AND OFFLINE PLATFORM ON
MARKET DEVELOPMENT ‘ hereby declare that this
project is my original piece of work.
(iii)
ACKNOWLEDGEMENT
I want to show my sincere gratitude to all those who made this study possible.
First of all I am thankful to the helpful staff and all the faculty of Army Institute
Of Management and Technology. Second, I would like to extend my sincere
thanks to my Industry Guide, Ms. Cheshta Ahuja , for her untiring cooperation.
One of the most important tasks in every good study is critical evaluation and
feedback which was performed by my faculty guide Prof. Babita Bhati . I am
very thankful to my Faculty as well as Industry Guide for investing his precious
time to discuss and criticize this study in depth, and explained the meaning of
different concepts and how to think when it comes to problem discussions and
theoretical discussions. My sincere thanks goes to my family, who supported
and encouraged me.
Anjali Sharma
Course –MBA
(iv)
EXECUTIVE SUMMARY
I Got internship in IFORTIS WORLDWIDE. I worked as sales and marketing
intern and my first role was to get participants for contest #AARAMBH 3.0. I
was connecting to students and my close friends and explaining about this
contest. I received good responses from there and I got some participants. So, I
worked on it and completed it as my first task during the internship. By this
first task I have learned many things; I have improved my #skills. I have learnt
how to generate leads, how to #connect customers, how to #convince
customers for my products. And I know it is very beneficial for my future. My
mentor was Ms Cheshta Ahuja, as my mentor was an added advantage. From
the beginning of my interview process, to informing me about my tasks and
responsibilities, guiding me about things that are beneficial for my
future #career, she has always been a constant support. She made sure that
she was always available to interns to support and answer to all our queries.
She is a true example of a “mentor”. I believe that interning here has added
values in my career life because of all that she has provided. We had
gatherings consistently where we talked about our #advancement, examined
different #challenges and steps we have to take to overcome a task.
Collectively, we motivated one another. Additionally exercises were
conducted in the middle of gatherings to exhibit our skills, and coordinated
general and showcasing related tests in the gatherings to stay up with
the #current trends. This internship assisted me with acquiring #systems
administration and #connections which is indispensable for a good career. This
has empowered me to acquire a chance to voice out and talk unhesitatingly. I
have likewise figured out how to be disciplined by isolating my work into more
modest tasks, in this way accomplishing them successfully. I have likewise
grown good #critical thinking, #timemanagement and #problemsolving skills.
In the project the survey is done through the help of questionnaire.
(v)
Table of Contents
CERTIFICATE OF TRAINING...................................................................... (i )
SUPERVISION OF CERTIFICATE.......................................................................................... (ii)
CERTIFICATE OF ORIGINALITY ........................................................................................ (iii)
ACKNOWLEDGEMENT .................................................................................................... (iv)
EXCUTIVE SUMMARY ..................................................................................................... (v)
9 CHAPTER 1- INTRODUCTION
1.1 BUSINESS DEVELOPMENT AND ETHICS 1-4
INTERPRETATION
14 CHAPTER 6- FINDINGS
FINDINGS 48-51
15 CONCLUSION 52-57
16 CHAPTER 7- BIBLOGRAPHY
7.1 WEBSITE 58-59
INTRODUCTION
Sales
Finance
Marketing
2
Mergers and acquisitions
Sales
Legal
Strategic management
Proposal management or capture management
Cultural agility
Planners can use the weighted average of all the leads in
the project staffing process to process the new activity
upon completion. Companies typically support the
pipeline with some kind of customer relationship
management tool or database, web-based solution, or
in-house system. Sometimes business development
professionals manage and analyze data to come up with
sales management information. Such information
management may include:
Profit or loss reasons
Opportunity progress versus sales process
Best performing sellers or sales channels
Services or product sales
1.3Reputation building
1.4.COMPANY PROFILE
IFORTIS WORLDWIDE is a subsidiary of American Ruler
Private Limited, it was founded in 2021 . Since its
infancy, IFORTIS WORLDWIDE has believed in a
continual evolution. It has not only expanded its horizon
from providing technical to managerial services, but also
has taken this platform worldwide in order to better
satisfy the needs of its customers with an aim to
become one of the most leading companies of the
world.
11
Influencers
While YouTube, Instagram, and Facebook are all social media
platforms, this study reported that e companies frequently
use celebrities such as influencers and content creators to
market their items online. Business can raise client
knowledge and exploit the influencer's power to advertise a
brand by utilising celebrities. Bloggers as well as vloggers
assist spread the word about an internet statement of vision
and brand. Another advantage mentioned by businesses is
that bloggers and vloggers are relatively inexpensive.
Influencers with a few thousand followers usually do not
spend for writing an article or posting on social media, but
they do require a free product, which they occasionally offer
to one of its supporters. It is much more probable that a
buyer will purchase a phone if it is promoted by an influencer
who has gained trust, credibility, and speaks favourably
about it. Some supporters consider the fact that the
influencers are now using the products as proof that it is
reliable and effective.
AdWords
As there are more than one billion customers online on social
media platforms. It makes sense for a firm that produces the
portion of its revenue internet to spend the majority of its
advertising budget on online means as well. AdWords via
Google was one of the most often discussed internet
12
advertising tactics during the discussions. One of the
advantages of just using Advertisements over, say,broadcast
or broadcast advertising is that the website can start
targeting clients who are seeking for specific products using
specific terms. Companies can contact clients who are likely
to be interested in their products using Google since
frequently search for them online, but a Television
commercial may reach a wider number of uninterested
viewers.
OFFLINE BUSINESS
DEVELOPMENT
Offline business development can be described as the
ideas, initiatives, and actions that assist a company
become more successful. Enhancing revenues,
expanding the firm, increasing profitability through
collaborative relationships, and making better business
decisions are all examples of this. Sales, promotion,
project planning, management consulting, and vendor
management are just a few of the departments involved
in business development. There's also a lot of
networking, negotiating, forming alliances, and trying to
save money. The business growth goals motivate and
align every one of these various departments and
13
operations. An offline business either sells physical
products in a store, or services that are limited to a
geographical location. An electrical contractor or a
plumber, for example, has to travel to visit their
customers’ homes in person, rather than offering online
services. One can join clubs, business groups and
associations that attract prominent business leaders.
Get to know people who may know potential customers
of your business and ask if you can use their names in
making calls and actually can help building network so
far for the organisation.
LIMITED HOURS
In almost the same way that an electrician has set
working hours, a physical business will be limited to its
opening hours and will not be able to sell its products
outside of those hours. This restricts the amount of
money you can earn in a specific period of time. Another
downside is that this procedure takes a long time. It
takes a long time to create and then print a newspaper
advertisement. Advertising on the radio or television is
also time-consuming.
Offline promotions
15
Be involved in social issues and raise
awareness
This is referred to as "cause marketing," which suggests that
businesses that have a cause or do well are much more
successful as a result. So don't be scared to promote your
company and promote issues that are important to you. If
you're stuck for creative advertising ideas for a good cause,
you may always by doing something as easy as volunteering
at a local food pantry once a week. Consumers will adore and
support you if you make simple actions like these.
Become a sponsor
Sponsorship can be used in a variety of ways. Consider
sponsoring your local football club if you manage a bar in a
small community where people are passionate about their
team. This will motivate people to come to your
establishment after the huge match for a beer. My argument
is that you should seek for sponsorships that are appropriate
for your company.
Limited Accessibility
Internet stores frequently include a way for visitors or
customers to reach them right away—an email address, a
phone number, or even a live chat window on the site. This is
frequently omitted in offline marketing, especially in the
most traditional approaches, which merely include the name
and address of the office tower. As a result, accessibility is
restricted. To combat this, make sure you're utilising cutting-
edge technology to provide your targeted audience with easy
accessibility to your company. In your adverts, alwaysprovide
a contact information, email address, and comprehensive
contact information.
18
Time Frame
One of the most typical effective advertising drawbacks
associated with accessibility is a lack of time. Internet sites
are open 24 hours a day, but traditional companies have a
set operating hours and retire at particular times.
20
COMPARISION OF ONLINE AND
OFFLINE BUSINESS DEVELOPMENT
OFFLINE ONLINE
BUSINESS BUSINESS
Customer reach Customer Customer
reach is reach is
limited global
Availability Limited 24*7
time
Feasibility to Operate Can only beCan be
operated Operated
from the from
store anywhere in
the world
Promotion/Marketing Limited A broad range
marketing of promotion
possibilities and marketing
features
available
Customer Retention Easier to Comparatively
retain loyal difficult to
customers retain
customers .
Customer Support Physical Virtual
support support
Competitive Less More
competitive competitive
Maintenance High-cost Less cost is
infrastructure required for
management maintenance
Performance Complicated Stats and
Analysis and time figures
taking task updated in
to analyse real-time so
the performance
performanc analysis is
e easier
Trustworthy Mouth to Reviews
mouth available can
popularity help in
builds trust building more
trust
22
Chapter-2
Research Objective
Objective of the Research undertaken
24
Chapter-3
Literature Review
In the past decade or two, technology has played a vital role
in shifting people from offline to online in most of the aspect
related to their daily needs such as shopping, communication
via internet, study materials, and many more. Social media
played and still taking over the traditional methods of
marketing, it has changed the whole scenario of marketing.
Social media marketing basically uses social media platform
for promotion of services and goods. It helps both the
customer as well as the companies. Companies uses their
marketing tools such as analysis, page fluctuation rate,
progress tracking, customer engagement etc. Companies
address a range of stakeholders through social media
marketing, including current and potential customers,
current and potential employees, journalists, bloggers, and
the public. Social networking sites behaves as word of mouth
or more precisely, electronic word of mouth. The Internet's
ability to reach billions across the globe has given online
word of mouth a powerful voice and far reach. In this
research study, the customer engagement has been given
the focus and which social media platform do the same for
customer retention. There are several studies that
researched about the customer engagement and customer
satisfaction via different social media platforms for a better
digital marketing. Influence of Social Media Marketing on
Customer Engagement, the study was done by (F. Safwa
Farook, Nalin Abeysekara, 2016. The focus of the study is to
find out types of posts including content or media type
encourage customer online engagement. To determine the
factors that drives a customer online engagement. To analyze
the relationship between customer engagement and social
26
media marketing. The findings of the study revealed that five
factors have a significant impact on customer engagement:
Trust in information, concern for privacy, perception of
reliability, security in social media and use of social media.
The more the customers viewed an organization to be
trustworthy and secure, the better they would interact. The
social media selected for analysis of the research was
Facebook since it is the most popular and highly used media
by both consumers and marketers alike. This has been a
proven fact in previous literature. As examined by previous
practitioners and researchers, the concepts of content and
media type of posts were examined. (Ms. Sisira Neti,2011)
conducted a research on Social media and its role in
marketing. The study focuses on two main benefits of social
media that are important to business, they include: Cost
reduction by decreasing staff time and increase the
probability of revenue generation. The comparative study of
selling budgeting of various years was done to draw the
differences among social media channels, the strategy, and
methodology adopted by the businesses while using different
social media channels signifies the business potential. The
study puts the imperative specialize in Social media
marketing and therefore the following points were observed
from the study: Generating exposure to business, increasing
traffic, building new business partnerships, Rise in program
rankings, generating qualified leads thanks to better lead
generation efforts, Selling more products and services, and
Reduction in overall marketing exposures. it absolutely was
concluded from the research that whether you are a private,
a startup, small business, or an outsized corporation, an
27
internet presence is a vital prerequisite and a baseline
requirement for the expansion and development of any
company or business. A research was conducted on
Customer Engagement in Social Media and Purchase
Intentions in the Hotel Industry by (Liew Chee Yoong, Song
Bee Lian, 2019). The research includes surveillance, social
interaction, sharing of information and attraction as the
antecedents of customer engagement in social media, which
directly affects purchase intentions. The main dimensions of
the study were building reputation, information quality,
attractive contents, effective communications, branding, and
word-of mouth-referrals. Hence, the primary inference of the
study was firstly to investigate the effect of surveillance,
social interaction, sharing of information and attraction on
customer engagement in social media secondly, to analyze
the influence of customer engagement in social media on
purchase intentions of customers. The questionnaires used
was administered to a convenience sample of 392 hotel
customers from Kuala Lumpur and Petaling Jaya, Malaysia,
through a self‐administered questionnaire. Talking about the
conclusion it was concluded that customer engagement
strategies should focus on more on building reputation,
information quality, attractive contents, effective
communications, branding, and word-of mouthreferrals. A
study on Social media engagement behavior: A framework
for engaging customers through social media content was
conducted by (Rebecca Dolan, Jodie Conduit, Catherine
FretheyBentham, John Fahy, Steve Goodman, 2019). In the
study of research Facebook Insights and NCapture were used
and the data of 12 wine brands from the Facebook pages
28
were extracted over a period of 12 months. A multivariate
statistical regression analysis was accustomed study the
impact of content on consuming, influencing, and building
engagement behaviour. Dimensions of the study were
distinct effects of informational, entertaining, remunerative,
and relational content on the passive and active engagement
behavior of social media users. In today’s world,
organizations are investing prominently on Social media
without understanding the results of Social media content on
the engagement of the user. it absolutely was concluded
from the study the distinct effects emotional and practical
appeals on the engagement behavior. The results of the
research study were that rational and coherent appeals have
a superior impact on consumer engagement in terms of
facilitating active involvement of the user, whereas
emotional factors have a rather passive impact on customer
engagement. The findings of the research provide a
foundation for managers and marketers for enhancing
strategic development strategy for user engagement. (Waad
Assaad, Jorge Marx Gómez Carl von Ossietzky,
Ammerländerheerstr, 2011) conducted a research on Social
Network in marketing, in which a particular emphasis was
placed on the management of knowledge to facilitate the
finding, valuing, and managing information for the expansion
of the business. within the research, the secondary data was
used, and therefore the analysis was done to map the
relation of Social networking thereupon of content marketing
for the boom of social media. The study also focused on the
identification of network management that is, enabling the
representation of the aspects of the net, and the department
29
of social networking. (Waad Assaad 2011) also suggested that
Social media marketing is that the new variety of
communication wherein business and firms can treat social
networking as a brand-new channel within CRM. Several
companies are already using CRM solutions to manage
customers, contacts, interactions, and communications, to is
sensible and to still use customer management tools when
these processes get into social networking platforms. While
social media networking activities will be a fringe channel in
CRM, they also exploit the capabilities of CRM with fresh
ways of encouraging customers and managing
communication. it absolutely was also observed and analyzed
within the research to use CRM and social networking sites
together to concentrate better to customers, analyze
information, and answer customers in a very way that is
meaningful to them. It was determined from the study that
Social networking sites are the premise of virtually infinite
views of clients and circumstances, and therefore the
challenge is to manage this information in an exceedingly
suitable manner and in a profound way for the corporate
which brings real gains for them A research study was
conducted to know social media use and impact on customer
engagement by (Viktor Grönfeldt Steinþórsson, 2017), in this
research study the author examined the social media use of
amputees drawing on data collected for this study on the
social media platforms of the Amputee Coalition of America.
the rationale of the study was to look at how amputees use
social media and analyze if social media use impacts their
prosthetic choice and level of engagement with prosthetic
manufacturers. A questionnaire was floated on social media
30
pages of the Amputee Coalition focused on four topics: 1)
social media use, 2) social media content, 3) social media
influencers, and 4) social media engagement. Total of 101
participants answered the online survey, with 47.5% female
and 52.5% male responders. In today’s rapidly evolving social
media environment and new technically proficient
generations of consumers growing up with social media at
their fingertips requires organizations to formulate effective
social media strategies. Marketers must build effective social
media toolkits to proactively engage with customers through
relevant content and meaningful conversations about
products and services to establish sustainable competitive
advantage
31
CHAPTER -4
RESEARCH METHODOLOGY
4.1 SOURCES OF DATA
There are two types of data
1. Primary Data
2. Secondary Data
4.1.1 Primary data:
Primary data are those, which are gathered new and out of
the blue, and in this way, happen to be unique in character. It
is the foundation of any examination. It is acquired from
respondents with the assistance of a generally utilized and
understood technique for overview, through an all-around
organized survey.
4.1.2 Secondary data:
Secondary Information is those which have just been
gathered by another person and which have just been gone
through the measurable procedure. For this situation, one
isn't stood up to with the issues that are normally connected
with the accumulation of unique information. Optional
information either is distributed information or unpublished
information. Optional information is gathered from govt.
productions, diaries, magazines, budgetary records, sites and
yearly distributions of the organization. In this investigation,
auxiliary source utilized is sites.
33
4.2.SAMPLE AREA
A sample is taken from the area of JAMMU. These includes
students, self employed people etc. are taken to be
considered .
34
4.4 METHODOLOGY & PRESENTATION OF DATA :
The data so gathered is then coded in the tables to make
thethings presentable in more successful. The results of data
shown through Bar Diagrams and Charts which helps me out
in easy and effective presentation and hence results are
being obtained.
35
CHAPTER – 5
DATA ANALYSIS
&
INTERPRETATIONS
AGE OF THE RESPONDENTS
37
STATES
38
39
41
42
43
44
45
3. WHICH MODE OF SHOPPING THEY USE
OFTENLY?
A. Online 36.4%
B.Offline 63.6%
47
CHAPTER – 6
FINDING
51
CHAPTER-7
RECOMMENDATIONS
Business development is creation of long term value for an
organisation from customers, markets and relationships.
Long term value does not mean cash or money like making
quick money for your company and get rich but long term
value is a different concept in business development making
money cannot make you earn long term value for your
business. In this dynamic environment, most businesses and
organizations face the heat of a rapidly changing marketing
environment by growing social media use. There are many
alternatives available for traditional marketing, there are
many different apps and social media platforms that are used
by companies and businesses to engage their customers and
satisfy them. But the real challenge is that social media
handling is expensive and involves a lot of creativity to attract
the customers, as it is not easy to engage in this fast pace
world. Time is the most precious and valuable thing for a
customer and targeting and engaging them on social media
platforms was the focus of the study. In this research, the
main focus was to study comparative study of online and
54
offline business development platforms to increase
customer engagement. Online shopping is a new experience
and has greatly impacted the lives of consumers in its short
time of existence. Online shopping has made consumers
more effective and efficient in their shopping behaviour and
has driven businesses to a new level, forcing many to make
the necessary adjustments and changes to reach the new
market of knowledgeable consumers. The overall results
prove that the respondents have perceived online shopping
in a positive manner. This clearly justifies the project growth
of online shopping in the country but these frauds needs to
be reduced in order to build the trust of the common people.
However, the frequency of online shopping is relatively less
in the country.
55
CHAPTER - 8
CONCLUSION
CONCLUSION
In a nutshell, this internship has been an excellent
and rewarding experience. It was done because of
the right and proper guidance .The marketing
development of the online and offline companies has
proven right for the organization because it’s spreading
its business gradually. As a result the Business
Development and Customer Relation of online and
offline organisations and their marketing
implementation consumers’ behaviour towards the
consumer is very positive and their satisfaction level is
very high .The consumers preferred offline
organisations. The consumers believe that offline shops
provides high quality product, but Consumers are mainly
got information from television ads, advertisement,
social media, etc.
57
CHAPTER – 9
BIBLOGRAPHY
7.1 WEBSITE
E6CQgAEMkDEAoQQzoKCAAQsQMQgwEQClCdKFiLTmCEVWgBcAJ4A4ABkAqI
AadFkgEPMC4yLjEuMy4yLjEuMy4zmAEAoAEBqgEHZ3dzLXdperABBsgBCMABA
Q&sclient=psy-
ab&ved=0ahUKEwjryev08KHtAhUjH7cAHeBhCN8Q4dUDCA0&uact=5
• https://www.google.com/search?rlz=1C1CHBF_enIN877IN877&ei=hoDAX6e2HuTiz7s
PuPuJGA&q=online+course&oq=online+course&gs_lcp=CgZwc3ktYWIQAzIICAAQy
QMQkQIyBAgAEEMyBAgAEEMyBAgAEEMyBAgAEEMyBAgAEEMyBAgAEEMy
BwgAELEDEEMyBAgAEEMyCAgAELEDEIMBUHlYzRxg0CJoAHABeACAAaEMi
AH3FpIBBTctMS4xmAEAoAEBqgEHZ3dzLXdpesABAQ&sclient=psy ab&ved=0ahUKEwinkZHJ8a
HtAhVk8XMBHbh9AgMQ4dUDCA0&uact=5
• https://mail.google.com/mail/u/0/#inbox/FMfcgxwKjdvNJCBJLQQzBfgnhgrPjhJM
• https://www.facebook.com/
• https://www.gsmarena.com/apple_iphone_12_pro_max -10237.php
https://en.wikipedia.org/wiki/Business_development#:~:text=Business%20development%20is%20the%20creation,the%20business%20in
%20some%20way.
• https://marketingland.com/content-marketing-done-right-8-examples-can-learn-149088
• https://akanksharedhu.com/
• https://www.youtube.com/watch?v=UUF231bR5YY
• https://www.google.com/search?rlz=1C1CHBF_enIN877IN877&ei=1X_AX6uLLKO -
3LUP4MOh-
A0&q=mobie+phone&oq=mobie+phone&gs_lcp=CgZwc3ktYWIQAzIHCAAQsQMQQ
zIHCAAQsQMQQzIECAAQCjIECAAQQzIECAAQQzIHCAAQsQMQQzIECAAQCjI ECAAQCjIECAAQ
QzIHCAAQsQMQQzoECAAQRzoFCAAQsQM6AggAOgcIABCx
AxAKOg4IABDqAhC0AhCaARDlAjoHCAAQyQMQQzoECC4QQzoICAAQsQMQgw
https://thediamondlab.org/what-is-online-business-development/
58
CHAPTER-8
ANNEXURE
QUESTIONNAIRE
1. NAME
2. GENDER
(a) Male
(b) Female
(c) Others
(a) 15-25
(b) 25-35
(c) 35-45
(a) Employed
(c) Student
(d) Other
60
5. What is your highest qualification?
(a) Matric
(b) Intermediate
(c) Graduate
(d) Postgraduate
(e) Others
(a) 1
(b) 2
(c) 3
61
(e) More than 6 hours
(b) Entertainment
(c) Inspiration/motivation
(f) Shopping
(g) Other
(b) Disagree
(c) Neutral
(d) Agree
62
16. Do you think it is essential to be up to date with
promotional offers by using social media?
(b) Disagree
(c) Neutral
(d) Agree
63