Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
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PARTICULARS
Introduction
History
Online Shopping Guide
Company Profile
Wal-mart in India
Company Product
Objective of the Study
Research Methodology
Data Analysis and Interpretation
Findings
Limitations
Suggestion & Recommendation
Conclusion
Bibliography
Questionnaire
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Cultural Impact
With its advent in the early 1990s, online shopping has spread into every corner of life,
linking people to the culture of capitalism in frequent and daily ways. It lets us buy what
we want, when we want, at our convenience, and helps us to imagine ourselves buying,
owning, and having positive outcomes by the goods available out there on the web. For
some, shopping has become a way of identifying oneself in today's culture by what we
purchase and how we use those purchases. Online shopping has always been middle to
high class commodity since its first arrival on the internet in society.
Customers
In general, shopping has always catered to middle class and upper class women.
Shopping is fragmented and pyramid-shaped. At the pinnacle are elegant boutiques for
the affluent, a huge belt of inelegant but ruthlessly efficient discounters flog plenty at
the pyramids precarious middle. According to the analysis of Susan D. Davis, at its base
are the worlds workers and poor, on whose cheapened labor the rest of the pyramid
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depends for its incredible abundance. Shopping has evolved from single stores to large
malls containing many stores that most often offer attentive service, store credit,
delivery, and acceptance of returns. These new additions to shopping have encouraged
and targeted middle class women.
In recent years, online shopping has become popular; however, it still caters to the
middle and upper class. In order to shop online, one must be able to have access to a
computer, a bank account and a debit card. Shopping has evolved with the growth of
technology. According to research found in the Journal of Electronic Commerce, if we
focus on the demographic characteristics of the in-home shopper, in general, the higher
the level of education, income, and occupation of the head of the household, the more
favorable the perception of non-store shopping. An influential factor in consumer attitude
towards non-store shopping is exposure to technology, since it has been demonstrated
that increased exposure to technology increases the probability of developing favorable
attitudes towards new shopping channels.
Online shopping widened the target audience to men and women of the middle class. At
first, main users of online shopping were young men with a high level of income and a
university education. This profile is changing. For example, in USA in the early years of
Internet there were very few women users, but by 2001 women were 52.8% of the online
population. Sociocultural pressure has made men generally more independent in their
purchase decisions, while women place greater value on personal contact and social
relations. In addition, male shoppers are more independent when deciding on purchasing
products because, unlike women, they dont necessarily need to see or try on the product.
Trends
One third of people that shop online use a search engine to find what they are looking for
and about one fourth find websites by word of mouth. Word of mouth has become a
leading way by which people find shopping websites. When an online shopper has a
good first experience with a certain website, sixty percent of the time they will return to
that website to buy more.
Books are one of the things bought most online. However, clothes, shoes, and accessories
are all very popular things bought online. Cosmetics, nutrition products, and groceries
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are increasingly being purchased online. About one fourth of travelers buy their plane
tickets online because it is a quick and easy way to compare airline travel and make a
purchase. Online shopping provides more freedom and control than shopping in a store.
From a sociological perspective, online shopping is arguably the most predictable way to
shop. One knows exactly what website to go to, how much the product will cost, and
how long it will take for the product to reach them. Online shopping has become
extremely routine and predictable, which is one of its great appeals to the consumer.
Logistics
Consumers find a product of interest by visiting the website of the retailer directly, or do
a search across many different vendors using a shopping search engine.
Once a particular product has been found on the web site of the seller, most online
retailers use shopping cart software to allow the consumer to accumulate multiple items
and to adjust quantities, by analogy with filling a physical shopping cart or basket in a
conventional store. A "checkout" process follows (continuing the physical-store analogy)
in which payment and delivery information is collected, if necessary. Some stores allow
consumers to sign up for a permanent online account so that some or all of this
information only needs to be entered once. The consumer often receives an e-mail
confirmation once the transaction is complete. Less sophisticated stores may rely on
consumers to phone or e-mail their orders (though credit card numbers are not accepted
by e-mail, for security reasons).
Payment
Payment by credit card is the widely accepted method of payment for online shopping.
However the other methods, like using e checks, payment & bank transfer are also
common. The method of payment is decided upon the mutual trust and familiarity
between online merchant and the customer. Various methods of payment are described
below.
Online shoppers commonly use credit card to make payments, however some systems
enable users to create accounts and pay by alternative means, such as:
Debit card
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Cheque
Delivery on payment
Bill Me Later
Money bookers
Some sites will not allow international credit cards and billing address and shipping
address have to be in the same country in which site does its business. Other sites allow
customers from anywhere to send gifts anywhere. The financial part of a transaction
might be processed in real time (for example, letting the consumer know their credit card
was declined before they log off), or might be done later as part of the fulfillment
process.
While credit cards are currently the most popular means of paying for online goods and
services, alternative online payments will account for 26% of e-commerce volume by
2009 according to Celent.
Product delivery
Once a payment has been accepted the goods or services can be delivered in the
following ways.
Download: This is the method often used for digital media products such as
software, music, movies, or images.
In-store pickup: The customer orders online, finds a local store using locator
software and picks the product up at the closest store. This is the method often
used in the bricks and clicks business model.
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Simple systems allow the offline administration of products and categories. The
shop is then generated as HTML files and graphics that can be uploaded to a web
space. These systems do not use an online database.
Other solutions allow the user to register and create an online shop on a portal
that hosts multiple shops at the same time.
Commercial systems can also be tailored to ones needs so that the shop does not
have to be created from scratch. By using a framework already existing, software
modules for different functionalities required by a web shop can be adapted and
combined.
Consumer expectations
The main idea of online shopping is not in having a good looking website that could be
listed in a lot of search engines and it is not about the art behind the site. It also is not
only just about disseminating information, because it is all about building relationships
and making money. Mostly, organizations try to adopt techniques of online shopping
without understanding these techniques and/or without a sound business model. Rather
than supporting the organizations culture and brand name, the website should satisfy
consumer's expectations. Many researchers notify that the uniqueness of the web has
dissolved and the need for the design, which will be user centered, is very important.
Companies should always remember that there are certain things, such as understanding
the customers wants and needs, living up to promises, never go out of style, because
they give reason to come back. And the reason will stay if consumers always get what
they expect. McDonaldization theory can be used in terms of online shopping, because
online shopping is becoming more and more popular and website that wants to gain more
shoppers will use four major principles of McDonaldization: efficiency, calculability,
predictability and control.
Market share:E-commerce product sales totaled $146.4 billion in the United States in 2006,
representing about 6% of retail product sales in the country. The $18.3 billion worth of
clothes sold online represented about 10% of the domestic market.
For developing countries and low-income households in developed countries,
adoption of e-commerce in place of or in addition to conventional methods is limited by
a lack of affordable Internet access.
Convenience:Online stores are usually available 24 hours a day, and many consumers have
Internet access both at work and at home. A visit to a conventional retail store requires
travel and must take place during business hours.
Searching or browsing an online catalog can be faster than browsing the aisles of
a physical store. Consumers with dial-up Internet connections rather than broadband
have much longer load times for content-rich web sites and have a considerably slower
online shopping experience.
Some consumers prefer interacting with people rather than computers (and vice
versa), sometimes because they find computers hard to use. Not all online retailers have
succeeded in making their sites easy to use or reliable.
In most cases, merchandise must be shipped to the consumer, introducing a
significant delay and potentially uncertainty about whether or not the item was actually
in stock at the time of purchase.
Bricks and clicks stores offer the ability to buy online but pick up in a nearby
store. Many stores give the consumer the delivery company's tracking number for their
package when shipped, so they can check its status online and know exactly when it will
arrive. For efficiency reasons, online stores generally do not ship products immediately
upon receiving an order. Orders are only filled during warehouse operating hours, and
there may be a delay of anywhere from a few minutes to a few days to a few weeks
before in-stock items are actually packaged and shipped. Many retailers inform
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customers how long they can expect to wait before receiving a package, and whether or
not they generally have a fulfillment backlog. A quick response time is sometimes an
important factor in consumers' choice of merchant. A weakness of online shopping is
that, even if a purchase can be made 24 hours a day, the customer must often be at home
during normal business hours to accept the delivery. For many professionals this can be
difficult, and absence at the time of delivery can result in delays, or in some cases, return
of the item to the retailer.
Information and reviews:Online stores must describe products for sale with text, photos, and multimedia
files, whereas in a physical retail store, the actual product and the manufacturer's
packaging will be available for direct inspection (which might involve a test drive,
fitting, or other experimentation).
Some online stores provide or link to supplemental product information, such as
instructions, safety procedures, demonstrations, or manufacturer specifications. Some
provide background information, advice, or how-to guides designed to help consumers
decide which product to buy.
Some stores even allow customers to comment or rate their items. There are also
dedicated review sites that host user reviews for different products.
In a conventional retail store, clerks are generally available to answer questions.
Some online stores have real-time chat features, but most rely on e-mail or phone calls to
handle customer questions.
Price and selection:One advantage of shopping online is being able to quickly seek out deals for
items or services with many different vendors (though some local search engines do exist
to help consumers locate products for sale in nearby stores). Search engines and online
price comparison services can be used to look up sellers of a particular product or
service.
Shoppers find a greater selection online in certain market segments (for example,
computers and consumer electronics and in some cases lower prices. This is due to a
relaxation of certain constraints, such as the size of a "brick-and-mortar" store, lower
stocking costs (or none, if drop shipping is used), and lower staffing overhead.
Shipping costs (if applicable) reduce the price advantage of online merchandise,
though depending on the jurisdiction, a lack of sales tax may compensate for this.
Shipping a small number of items, especially from another country, is much more
expensive than making the larger shipments bricks-and-mortar retailers order. Some
retailers (especially those selling small, high-value items like electronics) offer free
shipping on sufficiently large orders.
Privacy Online:Many online malls use cookies to track the user activity for showing relevant
results to maximize the shopping experience. It can also be used to track your personal
details. Thus before you pass your personal information, ensure the credibility of the
online merchant. Good companies post their privacy policy (that is how they are going to
use the personal information about you) on the website. Read carefully.
Security & Safety Online:The important considerations after privacy are the security and safety features
used by online malls. Remember that good websites are made in compliance with
industrial standards such as SSL (secured socket layer). These standards use encryption
technology to transfer information from your computer to online merchant's server.
By using SSL the information you sent are scrambled, this means it is not
possible to get details without encryption code. Since this is done automatically in
merchants server, it can be ensured that your personal details are secure. Thus make sure
that you always do payment over SSL. When the company you want to deal is new to
you, try to get maximum information about them before making any orders. Keep your
password secret and make it in such a way that other may not be in a position to guess it.
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Credit card transactions are considered to be the safest mode of payment for online
shopping. Make yourself understood with the company's policies especially on how they
are going to keep your financial and personal data secured.
Keep printed copies of purchase order and confirmation details, so that it can be
used in the event of disputes. Secure Sockets Layer (SSL) encryption has generally
solved the problem of credit card numbers being intercepted in transit between the
consumer and the merchant. Identity theft is still a concern for consumers when hackers
break into a merchant's web site and steal names, addresses and credit card numbers. A
number of high-profile break-ins in the 2000s have prompted some U.S. states to require
disclosure to consumers when this happens. Computer security has thus become a major
concern for merchants and e-commerce service providers, who deploy countermeasures
such as firewalls and anti-virus software to protect their networks.
Phishing is another danger, where consumers are fooled into thinking they are dealing
with a reputable retailer, when they have actually been manipulated into feeding private
information to a system operated by a malicious party. Denial of service attacks are a
minor risk for merchants, as are server and network outages.
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Diagram
1.
Visitor places the order on the website and it is sent to the merchant's web server
in encrypted format. This is usually done via SSL (Secure Socket Layer)
encryption.
2.
The transactions details are then forwarded to the concerned Payment Gateway.
3.
4.
5.
Then the card issuing bank sends a response back to the Payment Gateway. The
response includes information that whether the payment has been approved or
declined. In case of declination the reason is also sent in the response.
6.
The response is then forwarded by the Payment Gateway to the merchants server.
7.
At merchants server the response is encrypted again and is relayed back to the
customer. This allows the customer to know that whether the order has been
placed successfully or not.
8.
The entire process typically takes less than 5 seconds. At the end of the bank day
(or settlement period), the acquiring bank (or card issuing bank) deposits the total
of the approved funds in to the merchants nominated account.
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7. Ensure that your credit card number is not misused in any circumstances. Make it as a
practice that you are regularly checking the credit card transactions. If any irregularities
are found, immediately contact the credit card company and withhold the operation in
that number.
8. Ensure that your choice of shipping is in compliance with what offered by merchant.
Also note down the shipping cost, duration to get delivered etc. Note down who is
paying the shipping charges and ensure that it is reasonable.
9. Good companies have their order cancellation or good return policies. Make a note of
it imagining such a situation. Also note down the warranty period and warranty
conditions. Check out how the company is proposed to attend the complaints and clear it.
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You can efficiently use these facilities to decide weather a product or service is worth the
price quoted. If you are lucky you will be also getting amazing offers from different
online stores that will effectively reduce the price than buying offline.
In short, online shopping offers more convenience and save time in comparison with real
- world shopping
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History
Sam Walton's original Walton's Five and Dime store in Bentonville, Arkansas, now
serving as the Wal-Mart Visitor's Center.
Sam Walton, a businessman from Arkansas, began his retail career
when he started work on June 3, 1940, at a J.C. Penney store in Des
Moines, Iowa where he remained for 18 months. In 1945, he met
Butler Brothers, a regional retailer that owned a chain of variety
stores called Ben Franklin and that offered him one in Newport,
Arkansas.
On July 2, 1962, Walton opened the first Wal-Mart Discount City
store located at 719 Walnut Ave. in Rogers, Arkansas. The building
is now occupied by a hardware store and a pawn shop. Within five
years, the company expanded to 24 stores across Arkansas and
reached $12.6 million in sales. In 1968, it opened its first stores
outside Arkansas, in Sikeston, Missouri and Claremore, Oklahoma.
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Our Culture
What is Culture? Its how we treat each other; its our special way of doing business.
Its what makes us one of the world's most-admired companies.
Our Principles
Our founder Sam Walton gave our company a sense of honor and a set of values that are
still very important to us. Starting with Sams 3 Basic Beliefs, heres what makes us
proud to be part of the Wal-Mart family.
Our Operations
Today, over 7,800 Wal-Mart stores and Sams Club locations in 16 markets worldwide
employ more than 2 million associates, and serve more than 100 million customers per
year. All around the world, we save people money, so they can live better. Thats good
news in any language.
Incorporation and growth:In the 1980s, Wal-Mart continued to grow rapidly, and by its 25th anniversary in 1987
there were 1,198 stores with sales of $15.9 billion and 200,000 associates. [ This year
also marked the completion of the company's satellite network, a $24 million investment
linking all operating units of the company with its Bentonville office via two-way voice
and data transmission and one-way video communication. At the time, it was the largest
private satellite network, allowing the corporate office to track inventory and sales and to
instantly communicate to stores. In 1988, Sam Walton stepped down as CEO and was
replaced by David Glass. Walton remained as Chairman of the Board, and the company
also rearranged other people in senior positions.
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Recent initiatives
In June 30, 2008, Wal-Mart unveiled a new company logo, featuring the nonhyphenated name "Wal-Mart" followed by a stylized spark, as it is referred to on store
advertisements. The new logo received mixed reviews from some design critics, who
question whether the new logo is as bold as competitors such as the Target bulls eye or as
instantly recognizable as the former company logo, which was used for 18 years. The
new logo made its debut on the company's walmart.com website on July 1, 2008,
although the old logo still appears on the corporate site, walmartstores.com. The new
logo will eventually replace store logos at the company's US locations throughout the
year. Wal-Mart international have not yet adopted the new logo.
Automotive products
Home furnishings
Hardware
Sporting goods
Jewelry
House wares
Wal-Mart Supercenters
Our Supercenters were developed in 1988
to meet the growing demand for convenient, onestop family shopping featuring our famous Every
Day Low Prices. We save you time and money by
combining a full grocery and our general
merchandise under one roof. There are 2,622
Supercenters nationwide, and most are open 24 hours. Supercenters average 187,000
square feet and employ about 350 or more associates.
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Deli foods
Frozen foods
Fresh produce
Beverages
Vision centers
Tire & Lube Expresses
Brand-name fast food restaurants
Household supplies
Health clinics
Employment Agencies
Hair salons
Marketside
Opened in 2008, Marketside stores are small community pilot grocery stores specializing
in fresh, delicious meals at great prices. In our stores, customers can shop for a variety of
fresh ingredients, restaurant-quality prepared meals and their everyday favorite national
brands - even freshly baked breads and a wide assortment of wines. We provide a fresh
and convenient shopping experience for busy people who want an easy answer to the
question, 'What's for dinner?
Market side is a new chain of grocery stores opened in October 2008, the stores are said
to be less than half the size of a conventional supermarket, as stated in the backgrounder
found on Wal-Mart's official homepage. Each of their stores is open from 7 a.m. to 10
p.m.
Marketside offerings include:
ENTRES AND SIDES inspired by classically trained chefs and ready to serve
in minutes.
An assortment of HOT FOODS like pizzas, roasted chickens, soups and breads
that are fresh out of our oven.
Daily deliveries of fresh produce, meats and flowers for GUARANTEED
FRESHNESS.
More than 300 NATURAL AND ORGANIC products throughout the entire store.
A vast assortment of wines, with over 200 under $10.*
Plus, all the GROCERY BRANDS you want at low, low prices!
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Deli foods
Bakery items
Canned and packaged goods
Condiments and spices
Pet supplies
Household supplies
One-hour photo centers
Walmart.com
Founded in 2000, Walmart.com brings the convenience, great merchandise selection,
friendly service and Every Day Low Prices of your neighborhood Wal-Mart to the
Internet. Walmart.com features more than 1,000,000 products, plus easy-to-use music
downloads and digital one-hour photo services. And, were adding more great products
every day.
During the holidays, Walmart.com features many special offers available only online. Its
also a convenient place to find out about our exciting in-store holiday specials.
With our innovative Site to Store program, you can purchase items at Walmart.com
and then have them shipped free to your local store for pickup.
Wal-mart in India-
WalMart ran into a little trouble with it planed to expand into India earlier this year. India has
tough Foreign Direct Investment regulations (FDI) preventing companies from moving
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into India directly. But Wal-Mart or as it Indians pronounce it, Wal-Mart, found a partner
to further explore the possibilities with. Wal-Mart is partnering with Bharti Enterprises in
order to become a player in the Indian market, which is expected to double in size by
2015. India is already one of Wal-Mart's biggest sources of product.
If your an advertiser it means that you have to figure out a way for Wal-Mart not to be
hated by the small stores that it is going to displace. I don't know if Wal-Mart really does
this, I've never spoken with a shop keeper that has been displaced. That doesn't really
matter, because the perception exists. Wal-Mart is slowly changing their tune in the U.S.,
they should consider something similar in India sooner than later.
Bharti Enterprises and Wal-Mart join hands in wholesale cash-andcarry to serve small retailers, manufacturers and farmers
Driving efficiencies across the supply chain will help minimize wastage and
New Delhi, August 6, 2007: Bharti Enterprises and Wal-Mart Stores, Inc. today
announced that they have signed an agreement to establish Bharti Wal-Mart Private
Limited, a joint venture for wholesale cash-and-carry and back-end supply chain
management operations in India, in line with Government of India guidelines. Under the
agreement, Bharti and Wal-Mart will hold a 50:50 stake in Bharti Wal-Mart Private
Limited.
Wholesale cash-and-carry operations provide small retailers and business owners a wide
range of quality products at competitive wholesale prices that help them enhance their
businesses and profitability. The Bharti Wal-Mart business-to-business (B2B) wholesale
cash-and-carry joint venture will serve kirana stores, fruit and vegetable resellers,
restaurants and other business owners. It also will serve other retailers such as Bharti
Retail, which is setting up a chain of stores in India that are 100 percent owned and
operated by Bharti.
The wholesale cash-and-carry venture will invest in setting up an efficient supply chain.
This will link farmers and small manufacturers directly to retailers, thereby maximizing
value for farmers and manufacturers on the one end and retailers, and in turn, consumers
on the other. The venture will support farmers and small manufacturers who have limited
infrastructure and distribution strength, and the supply chain will enable minimum
wastage, particularly of fresh foods and vegetables.
We are delighted to partner with Wal-Mart for wholesale cash-and-carry and back-end
supply chain management operations in India, said Sunil Bharti Mittal, Chairman and
Group CEO, Bharti Enterprises. Wal-Mart's global expertise in supply chain and
logistics will bring enhanced efficiencies across the retail ecosystem. This venture
promises to bring great value to millions of farmers, artisans, small manufacturers and
retailers across India. We are pleased to be a partner in developing this sector which is set
to become a significant engine of Indias economic growth.
About Bharti Enterprises:Bharti Enterprises is one of Indias leading business groups with interests in
telecom, agribusiness, insurance and retail. Bharti has been a pioneering force in the
telecom sector with many firsts and innovations to its credit. Bharti Airtel Limited, a
group company, is one of Indias leading private sector providers of telecommunications
services with an aggregate of 44.67 million customers as of end of June 2007 spanning
mobile, fixed line, broadband and enterprise services. Bharti Airtel was recently ranked
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amongst the best performing companies in the world in the Business Week IT 100 list
2007. Bharti Teletech is the countrys largest manufacturer and exporter of telephone
terminals. Bharti has a joint venture with FFF India Ltd. Field Fresh Foods Pvt. Ltd
- for global distribution of fresh fruits and vegetables. Bharti also has a joint venture Bharti AXA Life Insurance Company Ltd. - with AXA, world leader in financial
protection and wealth management. Bharti has recently forayed into the retail business
under a company called Bharti Retail Pvt. Ltd.
After signing the deal, Bharti and Wal-Mart Stores Inc have also
unveiled the initial retail plans for their joint venture
Bharti group will lead and manage the front end operations. Wal-Mart will power
the logistics and back end operations.
Bharti-Wal-Mart venture will start hiring for retail operations this week.
Bharti-Wal-Mart to have Hyper marts and Neighbourhood stores [Just like the
Reliance group]
Bharti will very soon engage in talks with major real estate developers across
India for store space.
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information,
communication,
entertainment
and
shopping
services.
Rediff.com provides a platform for Indians worldwide to connect with one another
online. Rediff.com is committed to offering a personalized and a secure surfing and
shopping environment
Rediff.com additionally offers the Indian American community one of the oldest and
largest Indian weekly newspapers, India Abroad
Founded in 1996, Rediff.com is headquartered in Mumbai, India with offices in New
Delhi, Bangalore, Chennai, Hyderabad and New York, USA.
Mission In The Internet Space:To provide world-class online consumer service offerings to Indians worldwide.
Information and Content:Information and content channels currently include news, business, movies,
cricket/sports and several other topics of interest.
Rediff.com additionally offers the Indian American community one of the oldest and
largest Indian weekly newspapers, India Abroad.
Founded in 1996, Rediff.com is headquartered in Mumbai, India with offices in New
Delhi, Bangalore, Chennai, Hyderabad and New York, USA.
News content includes:
Current affairs and breaking news: Rediff provides breaking news focused on
events of interest to Indians, including feature news stories, interviews and online
chats with leading Indian personalities.
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Business: This channel covers the happenings of corporate India, stock market
quotes and analysis, regular columns and feature stories, as well as personal
portfolio tracker.
Movies and Entertainment: For latest news and trends from Bollywood and
Hollywood. Box office information, regular columns, feature stories, interviews
with movie personalities, movie reviews and slide shows.
Sports and Cricket: Provides coverage of Indian and global sporting news.
There is in-depth coverage of cricket news from India and around the globe, with
statistics, scores and schedules, regular columns, feature stories and interviews.
Community Features and Products- A key focus for Rediff.com is using worldclass technology to drive community building. Through a single login facility,
Rediff.com provides a combination of free and paid community features and
products to consumers and businesses. These include e-mail, instant messaging,
Search, Chat, Blogs, Message Boards, Social Networking, Mobile services,
online shopping and auctions.
Rediffmail: Rediffmail is the flagship product of Rediff.com. It is one of the
most popular web email service used by Indians worldwide. Rediffmail offers
users a complete outlook desktop experience with features like unlimited storage,
instant mail preview, quick attachments of up to 10 MB, Drag & Drop facility to
manage your folders and auto address completion. It supports eleven Indian
languages and also comes with the integrated web-messenger allowing all
Rediffmail users to chat in real-time with all their Rediff (Instant Messenger)
users within their inbox.
Job Search is vertical search product which allows users to search for jobs across
various job sites in India under several categories and locations in India.
Rediff Product Search allows users to compare products across brands, features,
price points, user ratings and check availability of the products in their city at
local stores with complete contact details. The service covers more than 16
product categories under electronics and also covers Cars and Bikes as new
categories.
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E-commerce
Rediff Shopping is an online marketplace where users can purchase products and
services from various merchants. Users can avail of a variety of payment options
such as Cash on delivery (COD), Internet banking, credit card and cheques.
Rediff Auctions is an e-commerce platform, which enables sellers to sell their
products at dynamic prices based on supply and demand. This gives buyers a chance
to buy their desired products at competitive prices.
Rediff Books is one of the biggest online book stores offering users the biggest
catalogue of books. Users can choose from over 2 million books or search for books
from over 4000 authors.
As part of Indias largest retail chain, we enjoy the benefits of buying in bulk for the
entire group. Our aim is to get you a great range of products at great prices.
Core Competency of the businesswhat makes us different from others!
A choice of more than 20,000 products
Delivery across more than 1500 cities and towns in India covering around
16,000 pin codes
Fast deliveries tie ups with world leaders in logistics & transportation
services
A dedicated Customer Care helpline for any queries
Always offering Manufacturers guarantee as opposed to Sellers guarantee,
which most of the other online shopping sites offer
Aggressive Prices FutureBazaar.com has the benefit of leveraging the
sourcing network of the Future Groups retail chains. This sourcing network
straddles a wide range of product requirements, thus being able to offer us
economies of scale thereby - unbelievable prices to its customers
Unmatched Selection of Products and Brands We have more than 20,000
products which create the flexibility to offer a large range of choices to
customers. We also have partnerships with most of the brands available in the
country, which allows us to get the latest in the range to our customers. We
have been able to create some major popularity ripples with our corporate
clients with products like mobiles, electronics, laptops, MP3 players, T-shirts,
Gift Vouchers and so on.
Seamless end-to-end Logistics Solution We pride ourselves in having built
an end-to-end logistics solution; right from stocking, dispatching, and
delivery confirmation upto post-sales support. Our back-end infrastructure
enables us to service around 15000 pin codes across India.
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Guaranteed Delivery:Futurebazaar guarantees to deliver the exact product you selected, without defects. In
case you have received a different product, or if the product was damaged in transit,
please let us know and and we will ensure that we replace the product or ensure that your
money
is
refunded.
Please note that delivery times vary according to products. 95% of our deliveries take
place within the committed time period. For the occasional delays, we will contact you
and update you about the status.
Secure Payments:We are committed to ensuring that no payment misuse happens, so we work with banks
and payment gateways to ensure that your information is protected. Payments are
protected both by us and by the policies of your bank, and the chances of fraud in these
channels are actually very low. We also have a Risk Management team that scrutinises all
payments to ensure that there are no fraudulent transactions. Our office address is also
available for any one who wishes to contact us in person. Moreover, being part of Indias
largest retail company with a presence all over India, we are omnipresent!
Amazon.com
Founded -1994
Founder- Jeffery p.Bezos (CEO)
Headquarter USA
Area served-Worldwide
Industry-Retail (Amazon.com, A9.com)
Advertising Web banners and video
Amazon.com, Inc. (NASDAQ: AMZN) is an American electronic commerce (ecommerce) company in Seattle, Washington. It is America's largest online retailer, with
nearly three times the internet sales revenue of runner up Staples, Inc.
Jeff Bezos founded Amazon.com, Inc. in 1994 and launched it online in 1995. It
started as an on-line bookstore but soon diversified to product lines of VHS, DVD, music
CDs and MP3s, computer software, video games, electronics, apparel, furniture, food,
toys, etc.
Amazon has established separate websites in Canada, the United Kingdom,
Germany, France, China, and Japan. It also provides international shipping to certain
countries for some of its products. On January 15, 2009, a survey published by Verdict
Research found that Amazon was the UK's favorite music and video retailer, and came
third in overall retail rankings.
Amazon was founded in 1994, spurred by what Bezos called "regret minimization
framework", his effort to fend off regret for not staking a claim in the Internet gold rush.
While company lore says Bezos wrote the business plan while he and his wife drove
from New York to Seattle.
The company began as an online bookstore named "Cadabra.com", a name quickly
abandoned for sounding like "cadaver"; while the largest brick-and-mortar bookstores
and mail-order catalogs for books might offer 200,000 titles, an on-line bookstore could
32
offer more. Bezos renamed the company "Amazon" after the world's biggest river. Since
2000, Amazon's logotype is an arrow leading from A to Z, representing customer
satisfaction (as it forms a smile) and the goal to have every product in the alphabet.
Amazon's initial business plan was unusual: the company did not expect a profit for four
to five years; the strategy was effective. Amazon grew steadily in the late 1990s while
other Internet companies grew blindingly fast. Amazon's "slow" growth provoked
stockholder complaints: that the company was not reaching profitability fast enough.
When the dot-com bubble burst, and many e-companies went out of business.
The company remains profitable: 2003 net income was $35.3 million, $588.50 million in
2004, $359
Amazon has announced plans to move its headquarters to the South Lake Union
neighborhood of Seattle beginning in mid-2010, with full occupancy by 2011. This move
will consolidate all Seattle employees onto the new 11-building campus.
Product lines:Amazon has steadily branched into retail sales of music CDs, videotapes and DVDs,
software, consumer electronics, kitchen items, tools, lawn and garden items, toys &
games, baby products, apparel, sporting goods, gourmet food, jewelry, watches, health
and personal-care items, beauty products, musical instruments, clothing, industrial &
scientific supplies, groceries, and more.
The company launched Amazon.com Auctions, its own Web auctions service, in March
1999. However it failed to chip away at industry pioneer eBay's juggernaut growth.
Amazon Auctions was followed by the launch of a fixed-price marketplace business
called zShops in September 1999, and a failed Sotheby's/Amazon partnership called
sothebys.amazon.com in November.
The list of products registered for coverage by the trademark grew to include items such
as paints, carpets, wallpaper, hair accessories, clothing, footwear, headgear, cleaning
products, and jewelry
33
34
35
RESEARCH METHODOLOGY
MARKETING RESEARCH
Marketing research covers the field of problems, techniques, and other aspects of
marketing and related decision-making and their implementation. It studies an
economic unit in respect of its various constituents such as consumers, buyers, and
sellers. It studies their response pattern towards prize, promotion, purchasing power,
and loyalty towards specific brands and similar other marketing activities. It also tries
to determine the contribution of other relevant factors such as habits, consumers, and
preference to decision making.
TYPES OF RESEARCH DESIGN
The research design adopted for this study is exploratory research design.
Exploratory research includes survey and fact finding enquiries of different kinds.
RESEARCH INSTRUMENT
Data Sources
The major type of information used is primary data. This is done thru primary
survey. The literature review is a secondary data type. The sources include books,
periodicals, websites, printed literature etc.
SAMPLE SIZE
A sample of 100 people will be taken for the survey. Business persons,
Professionals, Non-professional and Retired persons are included.
Further these are only the people based on whom analysis and interpretation is
done.
36
SAMPLING METHOD
Random sampling method will be chosen to conduct the survey in which the
samples are selected randomly.
Methodology:
The study will be conducted by Personal Interview with the customers who
37
Response
No. of respondent
Daily
Once a week
25
Once a month
55
Fortnightly
Quarterly
2.
No. of respondent
45
55
INTERPRETATIONOf the consumers approached, 100 people agreed to fill in the questionnaire and this
specific question. This question is aimed at analyzing the preferences of consumers
purchase behaviour.The survey indicate that most of respondent make the purchase
through offline.
39
3.
No. of Respondent
5
15
25
10
45
INTERPRETATIONOf the consumers approached, 100 people agreed to fill in the questionnaire and this
specific question. This question is aimed at analyzing the preferences of consumers
purchase behaviour. The survey indicates that the maximum respondent were not
interested in online shopping. The reason behind is that they believe in the offline
shopping. In online shopping, only those were interested who have no time for offline
purchase.
40
4.
No. of respondent
20
10
5
15
0
5
INTERPRETATIONThe survey depicts that the consumers are mostly quality and brand conscious. The
promotional advertisements also affect there buying behaviour. Most of the respondents
were get to know about online shopping from Friends, internet and advertisement of the
online portals.
5.
41
Response
No. of Respondent
Yes
55
No
Interpretation
Of the consumers approached, 55 people agreed to fill in the questionnaire and this
specific question. This question is aimed to know about consumer have own credit card.
Most of the people which I have surveyed who were purchasing the goods through
online have their own credit card.
42
6.
No. of respondent
7
30
4
4
0
INTERPRETATIONOut of 45 respondents, most of the respondent said that the big advantage of online
shopping is time saving process and providing the variety of the products.
43
7.
No. of respondent
45
0
INTERPRETATIONThis question is aimed at analyzing the awareness of consumers among the different
online shopping portals. The highest number of responses has been attributed to online
shopping portals. Online shopping attracts people of many income groups, and offers
products that appeal to a wide array of consumers.
44
8.
No. of respondent
17
17
0
6
0
0
5
Interpretation
Of the consumers approached, only 45 people agreed to fill in the questionnaire and this
specific question. This question is aimed at analyzing the preferences of consumers
among the different online shopping portals. The highest number of responses has been
attributed to Rediffshopping.com/Amazon.com/eBay.com. They attract people of many
income groups, and offers products that appeal to a wide array of consumers.
45
9.
No. of respondent
19
4
6
0
0
16
Interpretation
Of the consumers approached, only 45 people agreed to fill in the questionnaire and this
specific question. This question is aimed at identifying the products consumers shop
online. The high number of responses indicate that a large number of consumers visit
online portal for Electronics goods/Home goods/gifts.
46
10.
No. of respondent
0
20
15
10
0
Interpretation
Of the consumers approached, 45 people agreed to fill in the questionnaire and this
specific question. This question is aimed at understanding the satisfaction level of the
consumers in terms of online payment. This helps to understand the current consumer
perception of the security of online payment identified and the corresponding satisfaction
levels. There are also quite a few respondents who were strongly satisfied with the
security of online payment.
47
11.
No. of respondent
10
8
20
7
0
0
Interpretation
Of the consumers approached, 45 people agreed to fill in the questionnaire and this
specific question. This question is aimed at understanding the payment preference of the
consumer in online shopping. This indicates that although most consumers were satisfied
with the delivery of the product.
48
12.
Are the products purchases through online shopping as per the methodology
of What you see is what you get (WYSWYG)?
Response
Yes
No
Cant Say
No. of Respondents
23
22
0
Interpretation
Of the consumers approached, 45 people agreed to fill in the questionnaire and this
specific question. This question is aimed at understanding what elements attract the
consumer the most. The preference points laid before the respondent have been the result
of observation and interview. By analysing the responses to this question some were said
satisfied and vice versa with the online purchase methodology What you see is what you
get (WYSWYG)?
49
13. How do you rate the after sale support of the shopping portals from whom
you purchase the product.
Response
Excellent
Good
Average
Bad
Extremely bad
No. of respondent
0
10
23
7
5
Interpretation
Of the consumers approached, 45 people agreed to fill in the questionnaire and this
specific question. This question is aimed at understanding, after sale support of shopping
portals to the consumer the most. So most of the consumer were satisfied with the after
sale support of the various shopping portals but some were not satisfied with after sale
support.
50
14.
Yes
No
Cant say
No. of respondent
35
7
3
INTERPRETATION: Out of the different people I have surveyed most of the respondents were of the opinion
that they were satisfied with mode of online shopping payment. And some respondent
were said that they were not satisfied and some were have no opinion.
51
15.
No. of respondent
0
32
10
3
0
INTERPRETATION:Of the consumers approached, 45 people agreed to fill in the questionnaire and this
specific question. This question is aimed at analyzing the preferences of consumers
purchase behaviour towards the performance of shopping portals. Out of 45 consumers
32 respondents were satisfied with the performance of online shopping portals and 3
percent were dissatisfied with online shopping portals performance.
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16.
No. of respondent
Yes
No
27
18
INTERPRETATION:Out of 45 respondent, most of respondent said that they would be recommended other to
go for online shopping because online shopping is the time saving process and some
respondent said that they would not be recommended other to go for online shopping .
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FINDINGS
In the surveys, interviews and study conducted above, we came across many factors that
influence the consumers perception of a store and their subsequent shopping and buying
decisions. Here, we present the findings gathered and the suggestions we offer to
companies based on the data gathered and analyzed.
Respondents were asked to choose among five age group categories, viz., 18-30, 30-45,
45-60, and above 60 years. The age groups were identified as key factors impacting
shopping and purchase decisions of consumers
The highest responses have been attributed to once a month shopping. It can be
deduced that consumers who shop only once a month look to buy groceries and
other essentials to last them a month.
Most of the respondents that I have been surveyed were spend on shopping in
between 1000 to 6000.
The survey indicates that the maximum respondent were not interested in online
shopping. The reason behind is that they believe in the offline shopping. In online
shopping, only 45 consumers were interested because they have no time for
offline purchase.
Most of the respondents were get to know about online shopping from Friends,
internet and advertisement of the online portals.
All of the people which I have surveyed who were purchasing the goods through
online have their own credit card.
Most of the respondent said that the big advantage of online shopping is time
saving process and providing the variety of the products.
The highest number of responses has been attributed to online shopping portals.
The
highest
number
of
response
has
been
attributed
to
The high number of responses indicate that a large number of consumers visit
online portal for Electronics goods/Home goods/gifts.
54
There are also quite a few respondents who were strongly satisfied with the
security of online payment.
Most of the respondent who make the purchase through online, they were prefer
to make the payment on the delivery of the product.
Most of the consumer were satisfied with the after sale support of the various
shopping portals but some were not satisfied with after sale support.
Most the people who make the purchase through online were satisfied with the
mode of payment.
Online shopping is the time saving process so most of the respondent said that
they would be recommended other to go for online shopping.
55
Since the responses were only from some part of Jalandhar, the report cannot be
generalized for whole Jalandhar.
The time limit for the research was small to collect adequate information for
inference for the consumer buying behavior.
In the fast changing world the data collected soon become historic and research
findings based on them irrelevant.
56
Online portals have endorsed very famous personalities which has attracted a lot
of customers. This has resulted in increase of sale and the outdoor advertising
techniques have also helped the online portals.
Considering the fact that there are a lot middle class families in India, online
portals has had a huge impact on the middle class section of India, the prices,
quality and sales strategy has helped in getting the middle income groups getting
attracted towards online shopping.
Yet another concern is about online security. If you are shopping online, you have
to take additional care about your credit cards so that to protect from
unauthorized usage. So various online shopping portals has to provide the
security on payment procedure.
Online shopping lacks the real world shopping experience that we get shopping
with relatives and friends offline. Even though online shopping has several
disadvantages, the advantages outnumber the disadvantages and thus more and
more people started buying online.
People are loyal towards brand as they are highly satisfied with the quality and
they have an assurance from the brand for their continued supply of quality
products.
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Conclusion
Online shopping is a different experience and you can make the shopping creative over
the internet as you get used to it. There can be lot of apprehensions about online
shopping when you get in to it for the first time. As you experience more and more of it
those apprehensions get disappeared slowly. Remember that if you stick to the basics,
online shopping become more enjoyable and easier than real-world shopping.
In the conclusion part of my project, all people which I have surveyed were interested in
shopping but, most of the people were having preference to shop offline and very few
were interested to go online for shopping.
My survey indicates that the maximum consumer make the purchase offline because of
the lack of awareness towards online shopping and shopping portals. On the basis of
survey the major drawback of the online shopping is lack of the security in the shopping
payment through credit/Debit card. Most of the people preferred online shopping
because it is a time saving process.
WYSWYG (what you see is what you get)approach is not being followed whole
heartedly by online web portal as most of the people opined that the product purchase
through online portals differs significantly from its original form .The images of the
product are mostly inflated which affects the perception of consumers towards online
shopping.
.
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BIBLIOGRAPHY
BOOKS
INOVATION IN BANKING & INSURANCE
FINANCIAL MARKET & SERVICES
INDIAN BANKING INDUSTRIES
INDIAN BANKING
TIMES OF INDIA NEWS PAPER (1st OCT 2010)
WEBSITE
WWW.GOOGLESERCH.COM
WWW.YAHOO.COM
WWW.RBI.ORG
WWW.WIKIPEDIA .COM
WWW.INFOSEE.COM
WWW.INDIANMBA.COM
WWW.INDINBANKING.ORG
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Questionnaire
Name :..Age :.. Service/ Business:
1.
2.
3.
4.
5.
6.
__________
Once a week
__________
Once a month
__________
Fortnightly
__________
Quarterly
__________
__________
Offline
__________
__________
Interested
__________
Average
__________
Least interested
__________
Not interested
__________
__________
Internet
__________
Magazines
__________
Advertisement
__________
Newspaper
__________
Online Search
__________
__________
No
__________
__________
Time saving
__________
60
7.
Less costly
__________
Security
__________
Any other
__________
Yes
__________
No
__________
8.
9.
11.
12.
Debit Card
__________
Credit card
__________
Cash on Delivery __________
Cheque
__________
SMS Billing
__________
Postal money order __________
Are the products purchases through online shopping as
__________
__________
__________
the after sale support of the shopping
61
Bad
Extremely bad
14.
15.
__________
__________
__________
Cant say
__________
performance
Highly satisfied
__________
Satisfied
__________
Neutral
__________
Dissatisfied
__________
Highly dissatisfied __________
16.
Do you recommend to your friends for online shopping
Yes
__________
No
__________
62