PROJECT REPORT ON “Title of the Project” Submitted in Partial Fulfilment for the Award of the Degree of MASTER OF BUSINESS ADMINISTRATION (MBA) (BATCH 2017-2019) Submitted by:
Reetu Kumari (Enroll. No: 50212303917) Under the Guidance of:
Guide’s Name Guide’s Designation
DELHI INSTITUTE OF ADVANCED STUDIES (Affiliated to Guru Gobind Singh Indraprastha University)
1
CERTIFICATE ISSUED BY THE COLLEGE
2
CERTIFICATE
This is to certify that the project entitled “CUSTOMER ACQUITION PROGRAMME ” submitted by Ms Reetu Kumari, Roll No. 50212303917 has been done under my guidance and supervision in partial fulfillment of the requirement for the award of Master of Business Administration. To the best of my knowledge the work and analysis mentioned in this Project Report have been undertaken by the candidate herself and necessary references have been recognized and acknowledged in the text of the report.
Project Guide
3
ACKNOWLEDGEMENT
I would like to express my gratitude to all those who gave me the possibility to complete this project. I am deeply indebted to my guide Mrs Neetu from Delhi Institute of Advanced Studies whose help, stimulating suggestions and encouragement helped me in all the time of research and writing of this project. The learning was immense and valuable
Reetu Kumari 50212303917
4
DECLARATION
I hereby declare that the project work entitled “Customer Acquisition” submitted to the Delhi Institute of Advanced Studies, is a record of an original work done by me under the guidance of ………………. (Guide’s Name), ………………….(Guide’s Designation) and this project work is submitted in the partial fulfilment of the requirements for the award of the degree of Master of Business Administration.
I hereby certify that all the endeavor put in the fulfilment of the task are genuine and original to the
best of my knowledge and I have not submitted it earlier elsewhere.
Reetu Kumari
5
PREFACE
Master of Business Administration Programme (M.B.A) is one of the most reputed and sought after professional courses in the field of management. This course includes both theory and its applications as per contents of its curriculum. Summer Internship Project Report is an integral part of this course. As good management is much essential for any organization for its all-round growth and development, there is a growing demand of management professionals in each and every field; may it be an IT company, a manufacturing company or even a hospital. But this is also to be noticed that without practical exposure management students are not yet ready to serve a company, hence for this discipline practical training is of high importance which gives a good exposure about the actual working conditions and also for learning of the implementation of all those theories given in the literature. The training project report presented here helped me in learning the practical aspects of the working and business in the telecom sector
6
Index Ch. No.
Title
Page No.
1) 1.1) 1.2) 1.3) 1.4)
Introduction
2) 2.1) 2.2) 2.3) 2.4) 2.5) 2.6) 2.7)
Research Methodology Statement of the problem Managerial usefulness of study Types of research& research design Sample design Sampling procedure Data Collection Method Limitations
24 25 25 25 25 26 27 28
3) 3.1) 3.2) 3.3)
Conceptual Discussion Review of literature Current issues New development of the company
29 30 31 31
4) 4.1) 4.2)
Data Analysis
32 33 34
5) 5.1)
My contribution to the body of knowledge
6.) 6.1) 6.2) 6.3)
Findings, Conclusions & Suggestions Findings Conclusions Suggestions
47 48 49 50
7 7.1) 7.2)
Appendix and Bibliography Questionnaire Bibliography
51 52 54
Introduction of organization About the company Competitors Information SWOT Analysis
Internship activities and data Methods & techniques of data analysis and graphs
Contribution
10 11 13 18 20
45 46
7
Executive summary
Put simply, customer acquisition refers to gaining new consumers. Acquiring new customers involves persuading consumers to purchase a company’s product and or services. Companies and organizations consider the cost of customer acquisition as an important measure in evaluating how much value customers bring to their business. This study is aimed to analyse the acquisition programme of recently launched reliance industry’s telecomm-“jio”. Reliance Jio crossed the fifty million subscriber mark in less than three months after its full fledged 4G launch. According to source jio’s liberal data packs ,unlimited voice calls and nationwide roaming has had a definite impact ,having already garnered 72 million subscriber . Jio is also far ahead of market leader airtel and Vodafone in bandwidth speed. Hence, keeping all this in mind it is very important to understand the reasons behind jio’s huge success and its marketing strategy. A solid customer acquisition strategy is a component of any successful business.
1.
8
9
CHAPTER-1
INTRODUCTION
10
1.
Introduction
1.1 Overview of the industry as a whole Reliance Industries Limited (RIL) is an Indian conglomerate holding company headquartered in Mumbai, Maharashtra, India. Reliance owns businesses across India engaged in energy, petrochemicals, textiles, natural resources, retail, and telecommunications. Reliance is the third most profitable company in India, the second-largest publicly traded company in India by market capitalization, and the second largest company in India as measured by revenue after the government-controlled Indian Oil Corporation. The company is ranked 215th on the Fortune Global 500 list of the world's biggest corporations as of 2016. It is ranked 8th among the Top 250 Global Energy Companies by Platts as of 2016.
HISTORY:
1960–1980
The company was co-founded by Dhirubhai Ambani and his brother Champaklal Damani in 1960s as Reliance Commercial Corporation. In 1965, the partnership ended and Dhirubhai continued the polyester business of the firm. In 1966, Reliance Textiles Industries Pvt Ltd was incorporated in Maharashtra. It established a synthetic fabrics mill in the same year at Naroda in Gujarat. In 1975, the company expanded its business into textiles, with "Vimal" becoming its major brand in later years. The company held its Initial public offering (IPO) in 1977. The issue was over-subscribed by seven times. In 1979, a textiles company Sidhpur Mills was amalgamated with the company.] In 1980, the company expanded its polyester yarn business by setting up a Polyester Filament Yarn Plant in Raigad, Maharashtra with financial and technical collaboration with E. I. du Pont de Nemours & Co., U.S.
1981–2000 11
In 1985, the name of the company was changed from Reliance Textiles Industries Ltd. to Reliance Industries Ltd. During the years 1985 to 1992, the company expanded its installed capacity for producing polyester yarn by over 145,000 tonnes per annum.
The Hazira petrochemical plant was commissioned in 1991–92.
In 1995/96, the company entered the telecom industry through a joint venture with NYNEX, USA and promoted Reliance Telecom Private Limited in India. In 1998/99, RIL introduced
packaged LPG in 15 kg cylinders under the brand name Reliance Gas. The years 1998–2000 saw the construction of the integrated petrochemical complex at Jamnagar in Gujarat, the largest refinery in the world.
2001 Onwards
In 2001, Reliance Industries Ltd. and Reliance Petroleum Ltd. became India's two largest companies in terms of all major financial parameters. In 2001–02, Reliance Petroleum was merged with Reliance Industries. In 2002–03, RIL purchased a majority stake in Indian Petrochemicals Corporation Ltd. (IPCL), India's second largest petrochemicals company, from Government of India. IPCL was later merged with RIL in 2008... In 2006, Reliance entered the organised retail market in India with the launch of its retail store format under the brand name of 'Reliance Fresh'. In 2010, Reliance entered Broadband services market with acquisition of Infotel Broadband Services Limited, which was the only successful bidder for pan-India fourth-generation (4G) spectrum auction held by Government of India. In the same year, Reliance and BP announced a partnership in the oil and gas business. Reliance also formed a 50:50 joint venture with BP for sourcing and marketing of gas in India. In 2012,
12
RIL set up a joint venture with Russian Company Sibur for setting up a Butyl rubber plant in Jamnagar, Gujarat. The plant was scheduled to be operational in 2015.
1.2 ABOUT THE COMPANY
Reliance JIO : Introduction
Reliance Jio promises to shape the future of India by providing end-to-end digital solutions for businesses, institutions and households and seamlessly bridging the rural-urban divide.
Home to the world’s second largest population of 1.2 billion, India is a young nation with 63% of its population under the age of 35 years. It has a fast growing digital audience with 800 million mobile connections and over 200 million internet users. Reliance thoroughly believes in India’s potential to lead the world with its capabilities in innovation. Towards that end, Reliance envisages creation of a digital revolution in India.
Reliance Jio aims to enable this transformation by creating not just a cutting-edge voice and broadband network, but also a powerful ecosystem on which a range of rich digital services will be enabled – a unique green-field opportunity.
The three-pronged focus on broadband networks, affordable smartphones and the availability of rich content and applications has enabled Jio to create an integrated business strategy from the very beginning, and today, Jio is capable of offering a unique combination of telecom, high speed data, digital commerce, media and payment services.
A Vision That Touches All
13
Reliance’s vision for India is that broadband and digital services will no longer be a luxury item. Rather, Reliance envisions an India where these are basic necessities to be consumed in abundance by consumers and small businesses alike, as much in far-flung villages as in our largest cities. The initiatives are truly aligned with the Government of India's ‘Digital India’ vision for our nation.
Products and Services
4G Broadband
The company launched its 4G broadband services throughout India on September 2016. It was slated to release in December 2015 after some reports said that the company was waiting to receive final permits from the government. Mukesh Ambani, owner of Reliance Industries Limited (RIL) whose Reliance Jio is the telecom subsidiary, had unveiled details of Jio's fourth-generation (4G) services on 12 June 2015 at RIL's 41st annual general meeting. It offers data and voice services with peripheral services like instant messaging, live TV, movies on demand, news, streaming music, and a digital payments platform.
The company has a network of more than 250,000 km of fiber optic cables in the country, over which it will be partnering with local cable operators to get broader connectivity for its broadband services. With its multi-service operator (MSO) licence, Jio will also serve as a TV channel distributor and will offer television-on-demand on its network.
LYF Smartphone
In June 2015, Jio tied up with domestic handset maker Intex to supply 4G handsets enabled with voice over LTE (VoLTE) feature. Through this, it plans to offer 4G voice calling besides rolling out high-speed Internet services using a fiber network, in addition to the 4G wireless network. 14
However, in October 2015, Jio announced that it would be launching its own mobile handset brand named LYF.
On 25 January 2016, the company launched its LYF smartphone series starting with Water 1, through its chain of electronic retail outlets, Reliance Retail. Three more handset models have been released so far, namely Water 2, Earth 1, and Flame 1.
Jionet WiFi ( JIOFI)
Prior to its pan-India launch of 4G data and telephony services, Jio has started providing free Wi-Fi hotspot services in cities throughout India including Surat, Ahmedabad in Gujarat,
and Visakhapatnam in Andhra Pradesh, Indore, Jabalpur, Dewas and Ujjain in Madhya Pradesh, select locations of Mumbai in Maharashtra, Kolkata in West Bengal, Lucknow in Uttar
Pradesh, Bhubaneswar in Odisha, Mussoorie in Uttarakhand, Collectorate's Office in Meerut,] and at MG Road in Vijayawada among others.
In March 2016, Jio started providing free Wi-Fi internet to spectators at six cricket stadiums hosting the 2016 ICC World Twenty20 matches. Jionet was made available in Wankhede
Stadium (Mumbai), Punjab Cricket Association IS Bindra Stadium (Mohali), Himachal Pradesh Cricket Association Stadium (Dharamshala), Chinnaswamy Stadium (Bengaluru), Feroz Shah Kotla (Delhi), and Eden Gardens (Kolkata) in India.
15
Jio apps
In May 2016, Jio launched a bundle of multimedia apps on Google Play as part of its upcoming 4G services. While the apps are available to download for everyone, a user will require a Jio SIM card to use them. Additionally, most of the apps are in beta phase. Following is a list of the apps:
MyJio - Manage Jio Account and Digital Services associated with it
JioTV - A live TV channel service
JioCinema - An online HD video library
JioChat Messenger - An instant messaging app
JioMusic - A music player
Jio4GVoice (earlier JioJoin) - A VoLTE phone simulator
JioMags - E-reader for magazines
JioXpressNews - A news and magazine aggregator
JioSecurity - Security app
JioDrive - Cloud-based backup tool
16
JioMoney Wallet - An online payments/wallet app
JioSwitch - Transfer content
Affordable 4G Phones
Reliance Jio has teamed up with Google to manufacture affordable 4G handsets. These phones will run exclusively on Jio network. The two companies are also working on developing a software for smart-TV services. Both are expected to launch in 2017.
JioFi
Jio has also launched Wi-Fi routers by the name JioFi
Branding and Marketing
On December 24, 2015, Bollywood actor Shah Rukh Khan was appointed as Jio's brand ambassador.
Reception of Jio Prime
By 1st April 72.2 million Jio Customers had opted for Jio Prime. The last date for registration to Jio Prime membership was 31 March 2017. But, it was further extended till 15 April 2017 along with an introduction of new offer, "Jio Summer Surprise" which gave customers 3 months complimentary services free of cost. On 6 April 2017, TRAI advised Jio to withdraw this offer. 17
1.3 COMPETITORS INFORMATION Competitors of reliance are: Airtel Vodafone Idea BSNL Aircel
1. AIRTEL Bharti Airtel Limited is an Indian global telecommunications services company based in New Delhi, India. It operates in 20 countries across South Asia and Africa. Airtel provides GSM, 3G, 4G LTE and VoLTEmobile services, fixed line broadband and voice services depending upon the country of operation. Airtel had also rolled out its VoLTE technology across eight telecom circles namely Mumbai, Maharashtra and Goa, Madhya Pradesh, Chhattisgarh, Gujarat, Andhra Pradesh & Telangana, Karnataka, Tamilnadu, Kolkata, Kerala and Odisha in India and should roll out the technology in rest circles by end of August 2018.
2. VODAFONE V odafone Group plc is a
British multinational telecommunications congolomerate,
with headquarters in London. It predominantly operates services in the regions of Asia, Africa, Europe,
and Oceania. Among mobile
operator
groups globally,
Vodafone ranked second (behind China Mobile) in the number of mobile customers (535 million) as of 2018. Vodafone owns and operates networks in 25 countries, and
18
has partner networks in 47 further countries. Its Vodafone Global Enterprise division provides telecommunications and IT services to corporate clients in 150 countries.
3. IDEA Idea Cellular Limited (commonly referred to as simply Idea, and stylised as !dea) is an Indian mobile network operator based at Mumbai, Maharashtra. Idea is a pan-India integrated GSM operator offering 2G, 3G and 4G mobile services. Idea has 220.00 million subscribers as of June 2018 Idea Cellular started its journey in 1995 as Birla Communications Limited with GSM licenses in Gujarat and Maharashtra circles.
4. BSNL Bharat
Sanchar
Nigam
Limited (abbreviated BSNL)
owned telecommunications company
headquartered
is
in New
an
Indian state-
Delhi.
It
was
incorporated on 15 September 2000 and assumed the business of providing telecom services and network management from the erstwhile Central Government Departments of Telecom Services (DTS) and Telecom Operations (DTO) as of 1 October 2000 on a going-concern basis.
19
5. AIRCEL Aircel
Ltd. is
in Gurgaon that
a
defunct Indian offered
voice
mobile
network
operator headquartered
and 2G and 3G data
services. Maxis
Communications held a 74% stake and Sindya Securities and Investments held the remaining 26%. Aircel was founded by Chinnakannan Sivasankaran and commenced operations in Tamil Nadu in 1999. It was once a market leader in Tamil Nadu and had considerable presence in Odisha, Assam and North-East telecom circles.
1.4
SWOT ANALYSIS
SWOT analysis is a framework used to evaluate a company's competitive position by identifying its strengths, weaknesses, opportunities and threats. Specifically, SWOT analysis is a foundational assessment model that measures what an organization can and cannot do, and its potential opportunities and threats.
Elements of a SWOT Analysis When using SWOT analysis, an organization needs to be realistic about its good and bad points. The organization needs to keep the analysis specific by avoiding gray areas and analyzing in relation to real-life contexts. For example, how do the organization’s products and services compare to those of competing firms? SWOT analysis should be short and simple, and should avoid complexity and over-analysis because much of the information is subjective. Thus, companies should use it as a guide and not a prescription.
Strengths describe what an organization excels at and separates it from the competition: a strong brand, loyal customer base, a strong balance sheet, unique technology and so on. For example, a hedge fund may have developed a 20
proprietary trading strategy that returns market-beating results. It must then decide how to use those results to attract new investors.
Weaknesses stop an organization from performing at its optimum level. They are areas where the business needs to improve to remain competitive: higher-thanindustry-average turnover, high levels of debt, an inadequate supply chain or lack of capital.
Opportunities refer to favorable external factors that an organization can use to give it a competitive advantage. For example, a car manufacturer can export its cars into a new market, increasing sales and market share, if a country cuts tariffs.
Threats refer to factors that have the potential to harm an organization. For example, a drought is a threat to a wheat-producing company, as it may destroy or reduce the crop yield. Other common threats include things like rising costs for inputs, increasing competition, tight labor supply and so on.
Advantages of SWOT Analysis
A SWOT analysis is a great way to guide business-strategy meetings. It's powerful to have everyone in the room to discuss the company's core strengths and weaknesses and then move from there to defining the opportunities and threats, and finally to brainstorming ideas. Oftentimes, the SWOT analysis you envision before the session changes throughout to reflect factors you were unaware of and would never have captured if not for the group’s input. A company can use a SWOT for overall business-strategy sessions or for a specific segment like marketing, production or sales. This way, you can see how the overall strategy developed off the SWOT analysis will filter down to the segments below before 21
committing to it. You can also work in reverse with segment-specific SWOT analysis that feeds into an overall SWOT analysis.
STRENGTHS 1. Low tariff: - Company has launched its 4G service with highly competitive or rather very low tariff. Company has strong financial capacity to withstand initial losses 2. Very wide network:-Company has created wide national network with a huge investment of around $20 billon. The company has used latest technology and hence capable to give quality service. 3. Brand Name: - Brand Value of company is very high.
WEAKNESSES 1. Late entry into telecommunication sector: - The telecom sector had grown exponencially in its initial phases which started around two decades earlier. Presently market has seen only modest growth and it has become highly competitive due to entry big players such as Vodafone, Idea etc. 2. Operation of Mobile Number Portability Still not smooth:- Nowadays mobile number has become identity of a person and hence it is difficult for anyone to change his mobile number.MNP takes many days for its implementation and it is hard to manage this transition period. MNP is crucial for Jio as a large number of customer is expected through migration from existing service providers. 3. Highly dependent upon data consumption: - As per the current trend around 60 to 70 percent of revenue comes from voice calling and hence there is a huge potential loss for making voice calling free. This loss can be offset only when consumption of data increases manifold.
OPPORTUNITIES 1. Large scale availability of smart phones: In last 2 decades the number of people using Smartphone has increased manifolds. If company is able to provide quality service at competitive rate it can quickly grab large number of customers.
22
2. Increasing rate of data consumption: In its earlier phase almost entire revenue of the mobile service provider was from voice calling. However since last two years the proportion of revenue from data users is increasing exponentially which has resulted in almost 30-40% of the total revenue. Lower data tariff may further increase data consumption and thus contribute more to the revenue of company. 3. International market:-There is huge opportunity in many developing countries
THREATS 1. Saturated market:- The initial phase of rapid increase in subscriber is now over. A new entrant like Jio needs a large customer base to cross breakeven point. 2. Highly competitive market:- After the entry of big players like Vodafone,Idea etc the market has become highly competitive. 3. Changing Government Policy: The changing government policy like cancelling of 2G licences ,imposition of tax with retrospective effect(on Vodafone), refund for call drop etc, has created uncertainty in the market causing adverse impact on the investment sentiment. 4. Rapid upgradation in Technology:- From 2G to 3G and 3G to 4G changes have occurred in very short span of time. Even next generation 5G is approaching shortly.
23
CHAPTER– 2
RESEARCH METHODOLOGY
24
2.
RESEARCH METHODOLOGY
Research methodology is the specific procedures or techniques used to identify, select, process, and analyze information about a topic . in a research paper, the methodology section allows the reader to critically evaluate a study’s overall validity and reliability.
2.1 Statement of the problem The basic problem of this particular research to be conducted is, the customer satisfaction after using the Jio, this research is carried mainly to focus on the existing customer and there satisfaction. Service industry is a large chunk so we cannot give 100 percent assurance to the service we provide all the time. So rectify the minor problems which may happen after the purchase, these thing are being critically analysed with the help of the questionnaire.
2.2 Objectives of research problem:
To understand the Satisfaction level of the customer using Reliance Jio
To determine the future expectation towards services provide by Reliance Jio.
To analyse demographic factors of Reliance Jio users.
To determine the performance of the services provided by Reliance Jio.
2.3 Scope of the study: This is an initiative in order to connect with people who are related to the organisation i.e. Customers. The organisation had difficulties to connect with the people related to the problems which the clients face so the research is based on the satisfaction level of the customers and there feedback being recorded for the improvement of the service and the company. 25
2.4 Significance of the study: This study is conducted to analyse the effectiveness of Customer satisfaction with reference to Cluster Sampling. A study like this can attempt to guide the future plan for organization which will lead to the growth of the company and the increase of market share
2.5 Types of Research and Research Design
In every aspect of project which is designed on the basis of some observation and research is made with adapting particular methods and techniques. while doing the research it is necessary that every information should be unbiased and not prejudiced based on truth and veracity. So, for every project a proper methodology should be used which can minimize our efforts and give us the maximum output with optimal use of the resources. Type 1: Qualitative Market Research Qualitative research helps to understand customers and their needs Qualitative research is used to help us understand how people feel about company and products. And help to find out why they feel as they do. It is concerned with collecting indepth information asking questions related to product. Samples collected for this method are smaller. Depth interviews gives good information related to research. Question asking related to product quality, services provided by the company, related to customer satisfaction and market potential.
TYPE 2: Quantitative Market Research Quantitative research helps to segmenting customers. Quantitative research is used to measure how many people feel, think or act in a similar manner about company and products. These surveys tend to include large samples. Structured questionnaires are usually used incorporating mainly closed questions - questions with set
26
responses. There are various vehicles used for collecting quantitative information but the most common are personal interviews. Research design specifies the methods and procedures for conducting a particular study. A research design is the arrangement of conditions for collection and analysis of the data in a manner that aims to combine relevance to their search purpose with economy in procedure. Research design is broadly classified into three types as: Exploratory Research Design Descriptive Research Design Causal Research Design
Descriptive Research Design
Descriptive research studies are those studies which are concerned with described the characteristics of individual. In descriptive as well as in diagnostic studies, the researcher must be able to define clearly, what he wants to measure and must find adequate methods for measuring it along with a clear-cut definition of population he want to study. Since the aim is to obtain complete and accurate information in the said studies, the procedure to be used must be carefully planned. The research design must make enough provision for protection against bias and must maximize reliability, with due concern for the economical completion of the research study.
2.6 Sampling Procedure:
Sample Size: 4
Type of research: Descriptive Research
Sampling Technique: The sampling techniques used in this project are Convenience sampling.
Sampling Area: Patna, Bihar 27
2.7 Source of data collection:
Primary data: Primary data is collected from existing and prospective customers by: a. Questionnaire: A well-structured questionnaire was used as a tool for asking a set of standardized questions to know the effectiveness of different channels of marketing for their response. The data was collected by continuous field survey during the internship period. b. Interview: The next step involved in collecting primary information was done by discussion with people. Thus valuable information was gathered through informal friendly talks with the people.
2.8 Limitations of study
The limitation which I faced during my study was that most of the client hadn’t entertain me. And when I was calling dealers for meeting at that time they hadn’t showing interest. The location was not specified clearly I had to randomly go to the different societies for my survey.
28
CHAPTER – 3
CONCEPTUAL DISCUSSION
29
3.
CONCEPTUAL DISCUSSION
3.1 Review of Literature Jio is the telecommunication company owned by reliance ltd. It emerges growing fastest telecom operator in india as data published in a review of literature jai Bhatia economic & political weekly October8,2016 vol ll no 41.Jio came up with a vision to generate huge revenue by providing quality service at a cheaper rate using the latest technology. Initially ,its growth is high.in the Indian market, it is the first mover advantage for jio with a biggest 4G network coverage infrastructure all across 22 telecom circles in India. None of its competitors is having such biggest infrastructure for infrastructure. As we saw in the year 2012-13, india is 150th in the world in mobile broadband presentation as well as quality and Jio has really been conceived to change this position, “ the Indian billionre said. Jai Bhatia, avail rao palepu in their paper reliance, predatory pricing or predatory behaviour (October 8,2016) says that Jio can also be understood by predatory pricing strategy to some extent in the beginning. Jio is also followed the same strategy which made their competitors think about their pricing process they all have tried to reduce and match with the pricing level of jio price. According to the data published www.paulasset.com,reliance jio is good for the Indian market because it is giving best quality on lower price .the data also explains that presently jio data traffic is higher (TRAI DATA) compared to its competitors .Jio is also threatening “ as it is expected that it will kill more than 30 business within next 5 to 10years”,according to poulasset jio will acquire and will hold a major number of market shares in the following areas. Mobile (local/STD+SMS), MOBILE DATA (3G/4G),CABLE TV/D2H/MAGAZINE/NEWSPAPER ,CLOUD STORAGE,MOVIE DOWNLOAD/WATCHING / NEWS READING APP ,MOBILE WALLET/QUICK PAY & OTHERS.
30
The analytical data shows that it has captured maximum no of market shares within the shortest period of time .it can also be conclude that the people who are having the jio service at present , among them 70 to 80% of the users are happy with its service .this number is higher in rural areasand lesser in the urban areas.by the end of 2017it was expected that there will be 30 to 40 crore subscribers or more than that. The free app will be no longer be free,later on the consumer will be spending 6 to10 thousand in a year.it will genererate huge revenue.
3.2 New development of company:-
FTTx ( fibre to the X)
FTTx is a crucial part of jio’s telecom business which involve laying lakhs of kilometres of optic fibre to take broadband to subscribers ,be is retail or enterprise customer at residence or office building ,among others.
Jio merchant
By using jio merchant “ customer can use their jio money wallets to pay merchants from their bank accounts ,and merchants can use the jio-money merchant app to accept these payments directly into their bank account . Using the jio money merchant app, merchants can also make supplier payments, transfer money between his bank account and use digital petty cash.
3.3 current issue
Deployment of new sites
Sale of jio phone
31
Chapter – 4
Data Analysis and Data Interpretation
32
4.1 Data Analysis
Data analysis is a practice in which raw data is ordered and organized so that useful information can be extracted from it. The process of organizing and thinking about data is key to understanding what the data does and does not contain. There are a variety of ways in which people can approach data analysis, and it is notoriously easy to manipulate data during the analysis phase to push certain conclusions or agendas. For this reason, it is important to pay attention when data analysis is presented, and to think critically about the data and the conclusions which were drawn. Raw data can take a variety of forms, including measurements, survey responses, and observations. In its raw form, this information can be incredibly useful, but also overwhelming. Over the course of the data analysis process, the raw data is ordered in a way which will be useful. For example, survey results may be tallied, so that people can see at a glance how many people answered the survey, and how people responded to specific questions. In the course of organizing the data, trends often emerge; modeling the data with the use of mathematics and other tools can sometimes exaggerate such points of interest in the data, making them easier for the researcher to see. Charts, graphs, and textual writeups of data are all forms of data analysis. These methods are designed to refine and distill the data so that readers can glean interesting information without needing to sort through all of the data on their own.
33
4.2Data Analysis process Once the necessary data collected, the next task is to aggregate the data in a meaningful manner. A number of tables are prepared to bring out the main characteristics of the data. The researcher should have a well thought out framework for processing and analyzing data, and this should be done prior to the collection. It includes the following activities: 1. Editing The first task in data processing is the editing. Editing is the process of examining errors and omissions in the collected data and making necessary corrections in the same. 2. Coding Coding is necessary to carry out the subsequent operations of tabulating and analyzing data. If coding is not done, it will not be possible to reduce a large number of heterogeneous data into meaningful categories with the result that the analysis of data would be weak and ineffective, and without proper focus. 3. Tabulation Tabulation comprises sorting of the data into different categories and counting the number of cases that belong to each category. This is also called universal tabulation. The analysis based on just one variable is obviously meager. Where two or more variables are involved in tabulation, it is called vicariate or multivariate tabulation. 4. Analysis After the all three above steps, the most important step is analysis of the data.
34
1. Gender OPTION
RESPONDANTS
FEMALE
42.4%
MALE
57.6%
PREFER NOT TO SAY
0
TOTAL
100%
Interpretation: As per the research 57.6% of users are male and 42.4% are female. Inference:: From the given data we can analyze that majority of the people using the services providing by the Reliance Jio are male.
35
2. Age OPTION
RESPONDANTS
LESS THAN 20
0
21 – 30
84.8%
31 – 40
15.2%
41 – 50
0
50 AND ABOVE
0
TOTAL
100%
Interpretation: As per the data found that 84.80% of users are lay in the age scale between 21-30 years, and other 15.20% users lay in the age group of 31-40 years. That indicate that the users of Reliance Jio are majority of the young generation. Inference:: As per the research the age of the users of the services providing by the Reliance Jio. The data shows that majority of the users are the youth
36
3. Profession: OPTION
RESPONDANTS
STUDENT
87.5%
WORKING PROFESSIONAL
12.5%
BUSINESS PERSON
0
TOTAL
100%
Interpretation :From the above chart it can be interpreted that the research on the effectiveness of different customers to ask about their profession, by seeing the response we can say that more than 87 % people have responded were the students though 12.9% people are working person so we should work on student oriented plans and schemes. From the above chart it can be interpreted that the research on the effectiveness of different customers to ask about their profession, by seeing the response we can say that more than 87 % people have responded were the students though 12.9% people are working person so we should work on student oriented plans and schemes. Inference : As per the research we find out majority of the Reliance Jio user are the students as per the profession then the working professional.
37
4. Product using:OPTION
RESPONDANTS
SIM CARD
90.3%
JIOFY
9.7%
TOTAL
100%
Interpretation : As per the diagram we should get affair idea that people using sim card more than the Jiofy. So we should modify the plans and advertise it more to improve the selling. Inference : As per the study done majority of the Reliance Jio users are using the simcard.
5. Satisfaction towards calling quality. 38
Satisfaction level
Percentage
Very Satisfied
25%
Satisfied
22%
Neutral
29%
Unsatisfied
19%
Very Unsatisfied
5%
Interpretation : As per the above diagram 25%, people are very satisfied with the quality of the call, 22% respondents are satisfied, 29% respondents are neutral, 19 % respondents are not satisfied, 5% respondents are unsatisfied, so we should work on the maintain the calling quality standard and improve the calling quality standard. Inference : As per the study done,majority of the Reliance Jio users are neutral as per satisfaction level of the calling quality.
6. Satisfaction towards network availability
39
Satisfaction level
Percentage
Very Satisfied
9%
Satisfied
51%
Neutral
22%
Unsatisfied
19%
Very Unsatisfied
Nill
Interpretation : As per above diagram 9% are very satisfied with the network availability, 51% respondents are satisfied, 22% respondents are neutral, 19% are unsatisfied, and nobody is very unsatisfied so we should less work on network but we should maintain this position. Inference: As per the research majority of the Reliance Jio users are satisfied as per satisfaction level of the network availability.
7. Satisfaction towards data connection
40
Satisfaction level
Percentage
Very Satisfied
19%
Satisfied
54%
Neutral
6%
Unsatisfied
16%
Very Unsatisfied
5%
Interpretation : As per above diagram 19% are very satisfied with the data connection, 54% respondents are satisfied, 6% respondents are neutral, 16% are unsatisfied, 5% are very unsatisfied so we should less work on network but we should maintain this position. Inference : As per the study done majority of the Reliance Jio users are satisfied as per satisfaction level of the data connection.
8. Satisfaction towards price. Satisfaction level
Percentage
Very Satisfied
48%
Satisfied
29%
Neutral
16%
Unsatisfied
6%
Very Unsatisfied
1%
41
Interpretation : AS per above diagram 48% are very satisfied with the price factor, 29% respondents are satisfied, 16% respondents are neutral, 6% are unsatisfied, 1% are very unsatisfied so we should more work on price factor and we should maintain this as an strength. Inference : As per the study done majority of the Reliance Jio users are very satisfied as per satisfaction level of the price.
9. Satisfaction towards customer service Satisfaction level
Percentage
Very Satisfied
22%
Satisfied
29%
Neutral
32%
Unsatisfied
9%
Very Unsatisfied
8%
42
Interpretation : As per above diagram 22% are very satisfied with the customer service, 29% respondents are satisfied, 32% respondents are neutral, 9% are unsatisfied, 8% are very unsatisfied so we should but we should work on customer service and retain the existing customers. Inference : As per the study done majority of the Reliance Jio users are neutral as per satisfaction level of the customer service.
10. Awareness about the future products of Reliance Jio OPTION
RESPONDANTS
YES
38.7%
NO
41.9%
MAY BE
19.4%
43
TOTAL
100%
Interpretation : As per the available data 38.7% of the respondent know about the future product, 41.9% not know, 19.4% are doubtful about the product. So as per the analysis we find out people are engage with us and waiting for the future products. Inference : As per the study done majority of the Reliance Jio users are unaware about the future products of Reliance Jio.
44
My contribution to the body of knowledge
My contribution to the body of knowledge at the time of my internship at reliance jio infocom limited is:45
Jio sathi program
Cold calling
Contribution to student learning program through digital championship.
Meeting with clients for jio connection.
Getting deals by selling phones.
Update leads generated by RSE.
Advertisement for jio championship program.
Competitive analysis
Focused on rural area for selling phones.
Corporate visits
46
FINDINGS, SUGGESTIONS AND CONCLUSIONS
47
Findings:
As per the above research done majority of the Reliance Jio customers are male.
Research done majority of the Reliance Jio customers are 21-30 years old.
Above research done majority of the Reliance Jio customers are students.
As per the above research done majority of the Reliance Jio customers are using the service for the purpose of the study.
Majority of the Reliance Jio customers are aware about the services through the Internet.
As per the above research done majority of the Reliance Jio customers are using the simcard.
Majority of the Reliance Jio customers are satisfied as per satisfaction level of the network availability.
As per the above research done majority of the Reliance Jio customers are are neutral as per satisfaction level of the calling quality.
Reliance Jio customers are satisfied as per satisfaction level of the data connection.
Research done majority of the Reliance Jio customers are very satisfied as per satisfaction level of the price.
As per the above research done majority of the Reliance Jio customers are neutral as per satisfaction level of the customer service.
As per the above research done majority of the Reliance Jio customers are unaware about the future products of Reliance Jio.
48
Suggestions:
To launch special schemes for the students.
To maintain price level customer friendly.
To build customer friendly services.
To work on customer care services.
To provide the services in remote areas.
To provide services as per the customer expectation.
Maintain the plans and network quality.
Increase the reachability towards the remote areas.
Make prime with low subscription fee and have plans suitable to usage . Improve the calling quality.
49
Conclusions: This study undertaken by me is an attempt to understand, and appreciate the plans and processes involved in acquiring customers in case of Jio. Through Jio, I have identified various channels of acquisition, their different respective approaches. This study helped me in understanding that how subscriber data and voice usage are tracked with the help of technical tools like – “Jio Analytics” . An analysis of competitors of Jio and their various plans have been compared in this project that provided me with a deeper understanding of the differentiation strategy undertook by Jio. Jio has entered the telecom sector recently. Hence, choosing this project involved an insight into the development of a marketing plan. Customer acquisition will always be a driver for businesses, which is the main reason inbound marketing is such a rapid growth industry right now. Inbound tools are ideal for attracting qualified potential clients and converting them into sales. This project also includes a study of the telecom sector as a whole and through Jio, this project provides a brief introduction and idea about the basics of telecom industry. A good business is the one which is win-win for all parties involved, and Jio is doing it pretty well. Data is the oxygen of digital life. Jio is more than just a business
50
APPENDIX AND BIBLIOGRAPHY
51
Appendix
Questionnaire 1. Gender
I. II.
Male Female
2. Age
I.
Less than 20
II.
21-30
III.
31-40
IV.
41-50
V.
50 and above
3. What is your profession ?
i) Student ii) Working professional iii) Business personal iv) Other (then mention)………………………
4. Are you using Reliance Jio?
i) Yes ii) No
5. Which product do you use?
52
i) Sim card ii) Jiofi
6. Rank the following options from 1 to 5. There 1 (highest) and 5 (least).
i) Service ii) Plans iii) Quality iv) Network v) Data speed
7. Mark the row opposite the column.
Very Satisfied Satisfied 1) 2) 3) 4) 5) 6)
Neutral
Unsatisfie d
Very Unsatisfied
Calling quality Network availability Data connection Price Availability Customer service 8. How do you know about the product ?
i) Newspaper ii) Internet
iii) Tv/Radio iv) Other (specify) ……………..
9. Are you aware about the future products and services that will be launching soon? 53
i) Yes ii) No
Bibliography: 1) Websites: TARI website www.tari.in Reliance Jio official website www.jio.com Reliance official website www.ril.com www.iimidr.ac.in gadgets.ndtv.com/tags/reliance-jio/articles economictimes.indiatimes.com/topic/Reliance-Jio indianexpress.com/about/reliance-jio/ www.business-standard.com/topic/reliance-jio-16 www.thehindu.com/business/reliance-jio-admits-to-systems. www.moneycontrol.com › NEWS › BUSINESS 2) Books and Journals: Philip kotler(author) Times of India journals. Free press journal. IIM – Rohtak journal.
54
55