Project
Project
01 INRODUCTION 2
02 OBJECTIVES 3
03 COMPANY 4
OVERVIEW
04 REVIEW OF 7
LITERATURE
05 THE 10
COMPETITORS OF
GODREJ INTERIO
06 RESEARCH 12
METHODOLOGY
07 DATA ANALYSIS 14
,RESULTAND
INTERPRETATION
08 FINDINGS AND 40
SUGGESTIONS
09 LIMITATION OF 42
THE STUDY
10 APPENDIX AND 43
BIBILOGRAPHY
11 QUESTIONNAIRES 44
Page 1
Introduction
The project is the study of competitor analysis of Godrej interio in
Bhubaneswar. The study emphasizes on identifying the competitors and
evaluating the strategies to determine the strengths and weaknesses relative
to those of the competitor’s product or service.
The main purpose of the study is to give insight into a detailed market
study, conducted in order to identify the various dimensions associated
with Interio product in market. Establishment payers like Pepperfry,
Livspace.com, Homelane, Kuchina etc, in the domestic market for modular
furniture systems are now integrating research into the behavioral patterns
at Indian workplaces, with the design, to offer value-added solutions to
customers. Sensing this, Godrej Interio is giving a lot of importance to
market research as well as competitor understanding at the national level.
Need of study
Page 2
Objectives
To make comparative study of Godrej interio and its competitors.
To conduct SWOT analysis.
To test customers awareness and perception to know the new trends in
furniture market.
To study the brand image, position in the market and customer satisfaction
To asses the customers preference of Godrej w.r.t different brands.
To recommend the strategies that can bring changes in key areas to
improve its consumer base and market share
Page 3
Company overview
Godrej is a brand touches the lives of millions every day. The company celebrated
its centenary in 1997. Getting started in 1897 by Sir Ardeshir Godrej, who
initiated with Godrej locks. Later on it went into making safes and security
equipments of extreme quality. From there on Godrej got translated into a multi-
business enterprise.
It is now one of the largest privately held industrial corporations in India. The
combined sales of Godrej Industries in F.Y 08’ was over USD 850 millions. The
current employee strength stands at about 8500 employees.
The Godrej group is one the largest players of Home Appliances in India and has
always delighted the consumer with relevant technology in a wide range of
efficient products. Godrej is redefining the technology space in Indian Appliances
Page 4
context. Godrej interio is a business unit of Godrej group, one the Godrej Group,
one of the India’s largest engineering and consumer product groups.
Godrej Interio is India’s largest furniture brand. From manufacturing the humble
storwel cupboard 80 years back to being a vibrant, innovative brand with a diverse
portfolio-it’s a brilliant, exciting journey for the company.
The company love bringing alive the dream space of customers. The company
emphasizes comfort and aesthetics while delivering well designed, fun and
functional furniture solutions to you.
True to the Godrej mission to conserve the environment, the company design
products, set up processes and use raw materials that are eco friendly to preserve
the natural resources. The company offers their customers home and office
furniture, along with solutions for laboratories, hospitals and healthcare
establishments, education and training institutes, shipyards and navy, auditoriums
and stadiums. The company is present across India through their 50 excusive
showrooms in 18 cities and through 800 dealer outlets.
VISION
Godrej – the choice for home and work space solutions.
Godrej is dedicated to deliver superior stake holder value by providing solutions
to existing and emerging customer needs in the household and personal care
business.
We will achieve this through enduring trust and relentless innovation delivered
with passion and entrepreneurial spirit
MISSION
Enriching life by transforming home and work spaces
Godrej mission is to operate in existing and new businesses which capitalize on
the Godrej brand and our corporate image of reliability and integrity. The
company’s objective is to delight our customer both in India and abroad
We shall achieve this objective through continuous improvement in quality, cost
and customer service. We shall strive for excellence by nurturing developing and
empowering our employees and suppliers. We shall encourage an open
atmosphere conductive to learning and team work.
VALUES
Page 5
Trust
Integrity
Respect
Environment
To serve
Page 6
REVIEW OF LITRETURE
Competitive analysis defined as identifying the competitors and evaluating their
strategies to determine their strengths and weaknesses relative to those of the
company’s own product or service a competitive analysis is a critical part of the
company’s marketing plan with this evaluation the company can establish what
makes their product and service unique and therefore hat attributes the company
play up in order to attract the target market.
Evaluate the competitors by placing them in strategic groups according to how
directly they compete for a share the customer’s money. For each competitor or
strategic group, their product and service must be listed, its profitability growth
pattern marketing objectives and assumption current and past strategies,
organizational and cost structure, strength and weaknesses and size(in sales) of
competitor’s business.
Consumer buying behavior
Possibly the most challenging concept in marketing deals with understanding
why buyers do what they door do not do. But such knowledge is critical for
marketers since having a strong understanding of buyer behavior will fail shed
light on what is important to the customer and also suggest the important
influences on customer decision making. Using this information, marketers can
create marketing programs that they believe will be of interest to customers.
As you might guess, factor affecting how customers make decisions are
extremely complex. Buyer behavior is deeply rooted in psychology with dashes
of sociology thrown in just to make things more interesting since every person in
the world is different, it is impossible to have simple rules that explain how
buying decision are made. But those who have spent many years analyzing
customer activity have presented us with useful guidelines in how someone
decides whether or not to make a purchase.
Infect pickup any textbook that examines customer behavior and each to seems
to approach it from a different angel. The perspective we take it to touch on just
the basic concepts that appear to be commonly accepted as infusing customer
behavior. We will divert two sexual of the principles of marketing tutorial to
customer behavior. In this section we will examine the buying behavior of
consumers. (i.e. - when people by for personal reasons) while in section four we
will examine factors that influence buyers decisions in the business markets.
This tutorial includes the following topics:
Page 7
o Consumer buying behavior
o Types of purchase decisions
o Why consumers buy
o What influences purchasing
o Internal :perceptual filter
o Internal: knowledge and attitude
o Internal: personality and lifestyles
o Internal: rolls and motivation
o External: culture and groups
o External: situation
o How consumers buy
MARKETING
Marketing is a process by which companies determines what products or
services may be of interest to customers, and the strategy to use in sales,
communications and business development. It is an integrated process through
which companies create value for customers in returns.
Marketing is used to identify the customer, to keep the customer, and to
satisfy the customer, with the customer as the focus of its activities it can be
conclude that marketing management is one of the major components of business
management. The evolution of marketing was caused due to mature markets and
over capacities in the last 2-3 centuries. Companies then shifted the focus from
production to the customer in order to stay profitable
The term marketing concept holds that achieving organizational goals depends
on knowing the needs and wants to target markets and delivering the desired
satisfaction. Its proposes that in order to satisfy its organizational objective, an
organization should anticipate the need s and wants of consumers and satisfy
these more effectively than competitors.
Page 8
selling a new line of cat collars, look into cat fancy or other feline related
periodicals. Print advertising must be prepared well in advance to meet the
deadlines of publications, especially with monthly magazine since they are
printed months before their release date.
Direct Mail
Although many believe direct mail marketing has seen its best day already past
there is still some life in this powerful traditional form advertising. Direct mail
refer to postcards brochures and flyers that are sent through the mail and generally
contain a direct response call to action using direct mail means having to purchase
some necessities for the campaign, including printing materials ,postage and the
address list of the demographic you wish to target
T.V and Radio
Among the all high profile campaign in the industry, television and radio
advertising offer the opportunities to reach the largest number of people in the
shortest time frame among the disadvantages of this marketing efforts are the
potentially high cost and the inability to truly target your demography with
precise accuracy. However the prestige associated with the television advertising.
Online Marketing
Rising star in the world the marketing is online. The web continues explored and
along with it so do the advertising opportunities. Billions and billions more
advertising dollars are spent every year online, as business try to find ways to tap
into the internet user.
Page 9
The competitors of Godrej Interio
The major competitors of Godrej Interio are
Pepperfry
Livspace.com
Homelane.com
Kuchina
Custom furnish
Spacewood
Capricoast
Urban ladder
Strength
The company has got wide range of branches within the country.
The company has wide of product line. The company has their respectable
and believable brand name.
The company has a large number of customers with higher satisfaction.
The company has recognized Godrej research and development centre.
Exchange offers
Weakness
The company does not go for advertising, which is one of the biggest
disadvantages of Godrej.
Man power is less at sales officer level so it is affecting directly on the way
of sale.
The company does not provide proper online services to the customers.
The website is not convincing.
Page 10
Opportunities
Godrej interio has more opportunities to grow as it has earned good market
share.
Technical up gradation time to time is also one of the opportunities.
Tap rural markets and increase penetration in urban areas.
Mergers and acquisitions to strengthen the brand.
Opportunity in providing exchange offer in furniture and cupboards.
Threats
Intense and increasing competition amongst other domestic companies and
FDI in retail thereby allowing international brands.
Competitions from unbranded and local products.
Page 11
Research methodology
Research topic
“A study on competitive analysis of Godrej interio in Bhubaneswar”
Research objective
To make comparative study of Godrej interio and its
competitors.
To conduct SWOT analysis.
To test customers awareness and perception to know the new
trends in furniture market.
To study the brand image, position in the market and customer
satisfaction
To assess the customers preference of Godrej w.r.t different
brands.
To recommend the strategies that can bring changes in key
areas to improve its consumer base and market share
Research design
Research design is descriptive as well as analytical.
Area of study
The study on competitor analysis of Godrej interio has been limited to
major competitive brands and customers in Bhubaneswar only.
Page 12
Primary data
Questionnaires
Observation and personal discussion with the customers
Secondary data
Information collected from different website.
Personal visit to Godrej Company and frequent interactions with
Godrej delegates
Sample size
The sample size selected for the study is 70 respondents. The respondents
are selected by simple random sampling method
Sampling technique
Data on various aspects directly and indirectly related to the
investigations were gathered through questionnaires to the respondents.
The questions are necessary to ensure the reliability of the information.
The questions were simple to understand so that information can be
collected from various respondents easily. It should be seen that parties
are not biased or prejudicated and are mentally sound.
Page 13
1. What is the gender of the respondent?
o Male
o Female
Graphical representation:
Male
Male Female
Female 44 %
56 %
Figure 1
Interpretation
The above diagram shows that majority of 70 respondents are females i.e.
56%.
Page 14
Respondent’s age No. of respondent Percentage
(In years)
20-30 14 20%
30-40 36 51%
40 and above 20 29%
Table 2
Graphical representation:
60%
51%
Percentage ofrespondents
50%
40%
29%
30%
20%
20%
10%
0%
20-30 30-40 40 and above
Age of respondents (in years)
Figure 2
Interpretation
The percentage of respondents of age 30-40 years is more than other age
groups.
The percentage of respondent of age 20-30 years is comparatively less.
Page 15
Income of the Number of Percentage
respondents per respondents
annum
1,00,000 – 3,00,000 16 23%
3,00,000 – 5,00,000 42 60%
5,00,000 and above 12 17%
Table 3
Graphical representation:
70%
Percentage of respondents
60%
60%
50%
40%
30%
23%
20% 17%
10%
0%
1,00,000 – 3,00,000 3,00,000 – 5,00,000 5,00,000 and above
Income of respondents per annum
Figure 3
Interpretation
o The percentage of respondents earning between 3 lakhs to 5 lakhs is
more.
Page 16
Attributes to notice a No. of respondents percentage
brand
Quality 18 26%
Advertisement 16 23%
Price 11 16%
Brand reputation 20 28%
Others 5 7%
Table 4
Graphical representation:
30% 28%
26%
25%
Percentage of respondents
23%
20%
1 - Quality
16% 2 - Advertisement
15% 3 - Price
4 - Brand reputation
5 - Others
10%
7%
5%
0%
1 2 3 4 5
Attributes to notice a brand
Figure 4
Interpretation
This figures shows majority of the respondents i.e. 28% out of total
respondents notice a brand by its reputation.
This also shoes that 23% out of 52 respondents notice a brand by its quality.
Page 17
Number of Percentage
respondents
Internally 9 13%
outsourcing 61 87%
Table 5
Graphical representation:
Procurement of furnishing
13%
Internally
outsourcing
87%
Figure 5
Interpretation
This figure shows that the majority of the respondents i.e. 87% procure
their furniture by outsourcing.
Page 18
The number of respondents who preferred
Brands Very Good Average Bad Very bad
good
Godrej 23 17 19 5 6
Pepperfry 19 23 12 10 6
Livspace.com 11 10 21 12 16
Kuchina 15 9 11 15 20
Others 2 11 7 28 22
(Homelane,
Nikamal, etc)
Table 6
Page 19
Graphical representation:
21%
33% Godrej
Pepperfry
Livspace.com
Kuchina
16%
Others
27%
Figure 6.1
Page 20
Graphical representation:
16% Godrej
24%
Pepperfry
13% Livspace.com
Kuchina
Others
14%
33%
Figure 6.2
Page 21
Graphical representation:
10%
Godrej
27%
16%
Pepperfry
Livspace.com
17%
Kuchina
30%
Others
Figure 6.3
Page 22
Graphical representation:
7%
14% Godrej
41% Pepperfry
Livspace.com
17% Kuchina
Others
21%
Figure 6.4
Page 23
Graphical representation:
9%
9% Godrej
32%
Pepperfry
Livspace.com
23%
Kuchina
Others
29%
Figure 6.5
Interpretation
The figure 6.1 shows that the majority of the respondents i.e. 33% of 70
respondents preferred Godrej as very good.
The figure 6.2 shows that the majority of the respondents i.e. 33% of 70
respondents preferred Pepperfry as good.
The figure 6.3 shows that the majority of the respondents i.e. 30% of 70
respondents preferred Livspace.com as average.
The figure 6.4 shows that the majority of the respondents i.e. 29% of 70
respondents preferred Kuchina as very bad.
The figure 6.5 shows that the majority of the respondents i.e. 40% of 70
respondents preferred others (homelane, Ankur, Nilkamal) as bad.
Page 24
Table 7
Graphical representation:
Respondents
26%
Yes
No
74%
Figure 7
Interpretation:
The figure shows that 52 out of 70 respondents i.e. 74% use Godrej
product.
Page 25
Graphical representation:
25% 23%
Percentage of respondents
21%
20% 19%
17%
15%
12%
10% 8%
5%
0%
Desks and Bed Dining table Sofa set Modular Cupboard
tables kitchen
Products of Godrej company
Figure 8
Interpretation:
The figure shows that most of the respondents i.e 12 out of 52(i.e. 23%)
use cupboard of Godrej Interio.
The figure shows that least no. of respondents i.e. 4 out of 52(i.e. 8%) use
modular kitchen.
Page 26
Graphical representation:
40%
35%
Percentage of respondents
35%
29%
30%
25%
19%
20% 17%
15%
10%
5%
0%
Affordable price Innovative designs Applications Product quality
Differentiating Factors
Figure 9
Interpretation:
The figure shows that most of the respondents i.e. 18 out of 52 respondents
(i.e. 35%) agree that affordable price is the factor that differentiates Godrej
as compared to its competitors.
The figure shows that least no. of the respondents i.e. 9 out of 52
respondents (i.e. 17%) responds to applications is the factor that
differentiates Godrej as compared to its competitors.
Page 27
Graphical representation:
35%
31%
Percentage of respondents
30% 29%
25%
21%
20% 19%
15%
10%
5%
0%
Brand name Range of designs Quality Price
Reasons of choosing Godrej
Figure 10
Interpretation:
The figure shows that most no. of respondents i.e. 16 out of 52
respondents (i.e. 31%) chose Godrej for its brand name.
The figure shows that least no. of respondents i.e. 10 out of 52
respondents (i.e. 19%) chose Godrej for the range of designs.
Page 28
a) Ranking the Quality factor of Godrej Interio
Graphical representation:
4%
8% 15% Highly satisfied
Satisfied
27%
46% Neutral
Unsatisfied
Figure 11.1
Page 29
Graphical representation:
6%
Highly satisfied
13% 23%
Satisfied
Neutral
25%
33% Unsatisfied
Highly unsatisfied
Figure 11.2
Page 30
Graphical representation:
6%
9% Highly satisfied
25%
Satisfied
Neutral
29%
Unsatisfied
31%
Highly unsatisfied
Figure 11.3
Page 31
Graphical representation:
7% 7%
7%
Highly satisfied
Satisfied
39% Neutral
Unsatisfied
40% Highly unsatisfied
Figure 11.4
Page 32
Graphical representation:
Figure 11.5
Interpretation:
The figure 11.1 shows that most no. of respondents i.e. 24 out of 52(i.e.
46%) are satisfied with the quality of Godrej interio.
The figure 11.2 shows that most no. of respondents i.e. 17 out of 52(i.e.
33%) are satisfied with the price of Godrej interio.
The figure 11.3 shows that no. of respondents i.e. 16 out of 52(i.e. 31%)
are unsatisfied with the delivery services of Godrej interio.
The figure 11.4 shows that no. of respondents i.e. 21 out of 52(i.e. 40%)
are neutral with the range of designs of Godrej interio.
The figure 11.5 shows that no. of respondents i.e. 21 out of 52(i.e. 40%)
are unsatisfied with the customer relationships of Godrej interio.
Page 33
Graphical representation:
44% Yes
No
56%
Figure 12
Interpretation:
The figure shows that majority of the respondents i.e. 29 out of 52 (i.e.
56%) are satisfied with the product performance.
13. Are you satisfied with the after sale service provided by the company?
o Yes
o No
Page 34
Graphical representation:
35%
Yes
No
65%
Figure 13
Interpretation:
The figure shows that most of the respondents are not satisfied with the
after sale service of Godrej interio.
Page 35
Graphical representation:
YES
40%
NO
60%
Figure 14
Interpretation:
This figure shows that most of the respondents i.e. 60% out of 52
respondents are not aware of Godrej interio’s technology embedded
furnishing solutions.
15. Are you planning for replacing your interior and modular furnishing
solutions?
o Yes
o No
Page 36
Graphical representation:
Yes
46% No
54%
Figure 15
Interpretation:
This figure shows that the most of the respondents i.e. 54% out of the 52
respondents are planning for replacing your interior and modular
furnishing solutions.
Page 37
Graphical representation:
Percentage of respondents 35% 33%
29%
30%
25%
20%
15% 13%
11%
10%
7%
6%
5%
0%
Dining Sofa sets Desks and Modular Bed Cupboard
tables kitchen
Furniture and modular solutions
Figure 16
Interpretation:
This figure shows that the majority of the respondents i.e. 33% out of 52
respondents need desks and tables.
Page 38
Graphical representation:
37%
36%
36%
Percentage of respondents
35%
34%
33%
33%
32%
31%
31%
30%
29%
28%
Innovative brand leader in King of new models Aspirational and luxurious brand
designs
Responds
Figure 17
Interpretation:
This figure shows majority of the respondents i.e. 36% out of the 52
respondents describe Godrej as innovative brand leader in designs.
Page 39
FINDINGS
No proper advertisement
Not widely spread in the rural area
After sales service is not satisfactory
Management is quite rigid
There is a huge gap between words and work
It aims at increasing the sales volume rather after sale services
No proper co-ordination among the sales executives
Motivation level is quite low
The sales executives are not disciplined
The sales executives lack professionalism
It has an opportunity to capitalised its sales growth by taking the
advantage on people’s faith
There is no communication with the customers after the selling of the
product
Godrej,bhubaneswer is not trustworthy due to un-disciplined sales
executives
Many customer fail to register their complain
Godrej has become no one in Odisha due to the exchange offer rather its
brand impact
Page 40
SUGGESTIONS
It should highly promote itself in rural areas.
It should offer a free insurance scheme/package of a little amount with
every appliance.
It should follow market development Strategy for Odisha circle.
In rural area it should call for exclusive dealers rather opening its own
sales division initially.
Improvement in after sales service.
Good motivational training should be provided to employees.
They should be thought general etiquettes.
It can go for advertisement through leaflets.
According to the study it can target the gregarious personalities in
different areas through which it can increase public reaction.
As many of the existing customers are having ambitious and gregarious
personality it should not lose their faith.
As the study reveals that most people are culture oriented so it can
arrange / sponsor some cultural programs in order to sustain faith of the
existing customers so as to attract other culture oriented people.
As some people are sports oriented it can sponsor some important club
and state level matches in order to attract sports oriented people.
The company should offer exchange offer in every product.
RECOMMENDATIONS
The company should follow the following advertising strategy.
It should do its advertisement by distributing its leaflets which will be
very less expensive.
It can get publicity by organising interesting games with small prizes.
Tangible advertisement of product which are new in market.
Advertisement in front of malls, big bazar, City Centre.
Page 41
LIMITATION OF THE STUDY
For every research there are restriction and limitations.
Similarly there are some restrictions in my research work. The following were
some limitations which I faced in the making of this research.
It was difficult to access the company’s internal information due to time
constraint.
The data was collected through questionnaire. The responds from the
respondents may not be accurate.
There may be some people who have different views, so they might have
given false information in the questionnaire.
Another difficulty was very limited time span of the project i.e. five weeks .
Page 42
BIBLIOGRAPHY
References
Marketing management, A south Asian perspective-kotler Philip, keller
Kelvin,Koshy Abraham , Jha Mithileswer, Edition- Twelfth
edition...Publisher-Prentice hall of India(p)ltd,
Research Methodology-Kothari C.R,
Edition-2004, reprint 2006
Publisher-New Age international (p) ltd, publishers
Methods of data collection, page no-95
Sampling Fundamentals, page no -15
Websites
www.godrej.com
www.yahooanswer.com
www.wikipedia.com
www.scribd.com
Page 43
QUESTIONNAIRES
Dear Sir/Madam
I (the student of BJB Autonomous College Bhubaneswar) am conducting brief survey
to find out competitive analysis of Godrej Interio at GODREJ INTERIO, LEWIS ROAD,
BHUBANESWAR. I would be greatful to you provide our genuine response by putting a tick
mark in relevant box.
I sincerely thank you for your humble cooperation.
PERSONAL DETAILS-
NAME -
AGE - 20- 30 years
30- 40 years
GENDER -
Male
Female
INCOME - 1,00,000-3,00,000
3,00,000-5,00,000
5,00,000 and above
Page 44
3. Order the following brand as per your preference.
(1 symbolises as Very good, 2 as Good, 3 as Average, 4 as Bad, 5 as Very bad)
Godrej -
Pepperfry -
Livspace.com -
Kuchina -
Others (Homelane, -
Nikamal,etc)
Page 45
8. Rank Godrej Interio based on following factors?
Highly Satisfied Neutral Unsatisfied Highly
satisfied unsatisfied
Quality
Pricing
Delivery
schedule
Range of
design
Customer
relationship
10.Are you satisfied with the aftersale service provided by the company?
o Yes
o No
12.Are you planning for replacing your interior and modular furnishing
solutions?
o Yes
o No
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14.What describes Godrej according to you?
o Innovative Brand leader in designs
o King of new models
o Aspirational and luxurious brand
15.Any suggestions you would like to offer to help Godrej Interio serve you
better?
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