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INTRODUCTION
To study the attitudes and behaviors of customers towards the products of yamaha.
To find out the differences among perceived service and expected service.
Secondry Objectives:
The study will be able to reveal the preferences, needs, satisfaction of the customers
regarding the services of the company.
It also help company to know whether the existing products or services are offering are
really satisfying the customers needs.
To study the fact about the yamaha India pvt. Ltd. as a group.
RESEARCH METHODOLOGY
Define Research:Research as The manipulation of things ,concepts of symbols for the purpose of generalising to
extend,correct or verify knowledge,whether that knowledge aids in construction of theory or in the
practice of an art .
Types of Research:
Research problem
Research design
Sampling design
Research Used:-
SAMPLING DESIGN
Convenience sampling method is used for the survey of this project. It is a non-probability
sample. This is the least reliable design but normally the cheapest and easiest to conduct .In this
method Researcher have the freedom to choose whomever they find, thus the name convenience.
Example includes informal pools of friends and neighbors or people responding to a newspapers
invitation for readers to state their position on some public issue.
SAMPLE SIZE
Sample size denotes the number of elements selected for the study. For the present study, 100
respondents were selected at random. All the 100 respondents were the customers of different branches
of the company.
LIMITATIONS
Although the study was carried out with extreme enthusiasm and careful planning there are several
limitations, which handicapped the research viz,
Time Constraints:
The time stipulated for the project to be completed is less and thus there are chances that some
information might have been left out, however due care is taken to include all the relevant
information needed.
Sample size:
Due to time constraints the sample size was relatively small and would definitely have been more
representative if I had collected information from more respondents.
Accuracy:
It is difficult to know if all the respondents gave accurate information; some respondents tend to give
misleading information.
TYPES OF DATA
Every decision poses unique needs for information, and relevant strategies can be developed based
on the information gathered through research. Research is the systematic objective and exhaustive
search for and study of facts relevant to the problem.
Research design means the framework of study that leads to the collection and analysis of data. It
is a conceptual structure with in which research is conducted. It facilitates smooth sailing of
various research operations to make the research as effective as possible.
PRIMARY DATA
Primary data are those collected by the investigator himself for the first time and thus they are
original in character, they are collected for a particular purpose.
A well-structured questionnaire was personally administrated to the selected sample to collect the
primary data.
SECONDARY DATA
Secondary data are those, which have already been collected by some other persons for their
purpose and published. Secondary data are usually in the shape of finished products.
Two types of secondary data were collected for the preparation of the project work:
Internal Data was generated from companys brochures, manuals and annual reports
External Data, on the other hand, was generated from magazines, research books, intranet and
internet (websites).
CHAPTER-2
REVIEW OF LITERATURE
CUSTOMER SATISFACTION
Customer satisfaction refers to the extent to which customers are happy with the products and
services provided by a business.
Customer satisfaction levels can be measured using survey techniques and questionnaires
DEFINITIONS
Definition 1: Customer satisfaction is equivalent to making sure that product and service
performance meets customer expectations.
Definition 2: Customer satisfaction is the perception of the customer that the outcome of a business
transaction is equal to or greater than his/her expectation.
Definition 3: Customer satisfaction occurs when acquisition of products and/or services provides a
minimum negative departure from expectations when compared with other acquisitions.
Gaining high levels of customer satisfaction is very important to a business because satisfaction
customers are most likely to be loyal and to make repeat orders and to use a wide range of services
offered by a business.
There are many factors which lead in high levels of customer satisfaction including.
Products and services which are customer focused and hence provide high levels of value for
money.
What is clear about customer satisfaction is that customers are most likely to appreciate the goods
and services that they buy if they are made to feel special. This occurs when they feel that the
products and services that they buy have been specially produced for them or for people like them.
There are many reasons why customer expectations are likely to change overtime. Process
improvements, advent of new technology, changes in customers priorities, improved quality of
service provided by competitors are just a few examples.
The customer is always right. Suppliers job is to provide the customer what he/she wants, when
he/she wants it. Customer satisfaction is customers perception that a supplier has met or exceeded
their expectations.
WHAT CONSTITUTES SATISFACTION?
We cannot create customer satisfaction just by meeting customers requirements fully because
these have to be met in any case. However failing short is certain to create dissatisfaction.
Major Attributes of customer satisfaction in companying industry can be summarized as:
Product quality
Premium Outflow
Return on Investment
Services
Market research
Telephonic interviews
Personal visits
Warranty records
Informal discussions
Satisfaction survey
Depending upon the customer base and available resources, we can choose a method that is most
effective in measuring the customers perceptions.
A customer satisfaction measurement survey should at least identify the following objectives:
Importance to customers (Customers priorities)
Customers perception of suppliers performance
Your performance relative to customers priorities.
Priorities for improvement
Survey forms should be easy to fill out with minimum amount of time and efforts on customers
part. They should be designed to actively encourage the customer to complete the questions. Yet
they must provide accurate data should also be sufficiently reliable for management decision
making. This can be achieved by incorporating objective type questions where customer has to
rate on scale of say 1 to 10.
Need recognition- realization of the difference between the desired and the current situation that
serves as a trigger for entire process.
CUSTOMER SATISFACTION
We can asset that the buyer forms a judgment of value and acts on it. Whether the buyer is
satisfied after purchase depends upon the offers performance in relations to the buyers
expectation.
Satisfaction is the level of a person felt state resulting from comparing a products perceived
performance (outcome) is relation to the persons expectations. Thus the satisfaction level is a
function of the difference between perceived performance & expectations. A customer could
experience one of three levels of satisfaction. If the performance falls short of expectations, the
customer is unsatisfied. If the performance matches the expectations, the customer is satisfied,
pleased or delighted.
But the question arise how do buyer from their expectations? Expectations are formed on the
basis of the buyers past buying experience, statements made by associates, friends and marketer
and competitor information and promises. If the marketer raises expectations too high, the buyer
is likely to be disappointed if the company fails to deliver. On the other hand, if the company sets
expectations too low, it wont attract enough buyers although it will satisfy those who buy.
MISSION STATEMENT
To grow company by providing innovative, strong and high performance products and
solutions to meet global customers needs. HDFC BANK PVT, LTD
will support world class products by providing superior customer care. HDFC BANK PVT,
LTD
care extends to the environment and the community.
A customer is our Paymaster
A customer is the most important person in the company, whether we meet him in
person, he writes or telephones us.
A customer is not independent on us..We are dependent upon him for our living.
A customer is not an interruption to our workHe is the purpose of it. He is doing us
a favour by giving us an opportunity to serve him.
A customer is not someone with whom to argue or match our wits..No one ever won an
argument with a customer.
Always Remember
You are serving the customer directly since are based at a HDFC BANK PVT,LTD
Dealership
You are the person who has an opportunity to be in contact with the customer throughout the
machine life.
For a customer you are a representative of HDFC BANK PVT, LTD..
When you present yourself to the customer, you present an image of HDFC BANK PVT,
LTD.
You are a brand ambassador of HDFC BANK PVT, LTD
You are there to provide solutions to the customers problems.
Customers want to feel they are in control of a situation when they are dealing with you.
They need to feel that that they are not being manipulated, that they are getting to where
they want to get.
Respect Everybody wants to feel good about themselves. They like to feel that they have
done the right thing, and you should reinforce this view of themselves.
Fairness
People do not necessarily expect special treatment, but they do expect to be treated as
well as everyone else. Nobody likes to feel that they have been taken advantages of in
anyway.
Friendliness
Customers want to feel good about those they have dealings with. They want to have
confidence in them, and to be made to feel welcome.
Knowledge
Customers want to know what is happening so that they can make of what is going on.
They will respect your expertise, but will not want to treat as idiots.
Confidence
Customers need to feel that the people and organizations they deal with are trustworthy
and will keep their promises.
As we know successful completion of any report and getting genuine results from that
depends upon the method used by the researcher.
This report involves study of CUSTOMER SATISFACTION AND AFTER SALE SERVICE.
make it easily understandable to the respondents. These questionnaires were circulated and
explained the important aspects and objectives of the study.
CHAPTER - 3
COMPANY PROFILE
INDUSTRY PROFILE
Banking is an important branch of commerce and banks are essential commercial institution which
facilitate trade. Banks occupy an important position in the modern business world. No country can
make commercial and industrial progress without well organized banking system. By providing facilities
for deposit, banks encourage the habit of saving among people. They mobilize small savings and
channelise them into productive uses. They provide facilities for safe custody, investment and
transfer of money. Banks provide both short-term and long-term finance to businessmen. The
credit policy of bank determines the level economic activity in the country.
Banks play an important role in all foreign exchange tractions in India. All receipts and payments in
foreign exchange are required to be settled in almost all cases through a bank authorized to deal in
foreign exchange. Section 6 of Foreign Exchange Regulation Act requires the bank to obtain a license
from Reserve Bank of India (RBI) to deal in foreign exchange, and such banks are the authorized
dealers in foreign exchange.
Indian national and persons of Indian origin resident abroad can open bank accounts in India
freely, out of funds remitted from abroad in foreign exchange, or out of funds legitimately due to
them in India. RBI has granted general permission to Authorized Dealers to open such accounts
freely, although in some cases the requests of non-residents will have to be approved by RBI.
Besides authorized dealers the RBI has permitted certain state co-operative banks, scheduled
commercial banks and urban co-operative banks, which do not hold licenses as full-fledged authorized
dealers, but which fulfill the eligibility criteria, prescribed by RBI, to maintain non-resident external
accounts in rupees. They can not maintain foreign currency (non-resident) accounts (bank) scheme.
Banking in India, on modern lines, was started by English agency houses of Calcutta and Bombay which functioned
on the basis of unlimited liability. They also issued currency, untill this privilege was withdrawn in 1862. it was only in
1860 the principle of limited liability was accepted under Indian law. subsequently, There was a spurt of in the
establishment of banking companies. Several of the early banks failed on account of speculation and mismanagement.
The Reserve bank of India (RBI),The central bank of the country came into existence in1935 as a consequences
of the passing of the RBI Act in1934. The banking regulation Act was passed in1949 giving wide powers to RBI to
regulate, supervise and develop the banking system. The act vested licensing powers on RBI as also the authority
to conduct inspection of banks. RBI worked towards institutionalization of saving and adapting the credit system to
the emerging needs of the economy. The consolidation of the banking structure and emergence of large commercial
banks amalgamations and mergers of smaller and weak banks also marked this period
COMPANY PROFILE
The Housing Development Finance Corporation Limited (HDFC) was amongst the first to receive an 'in
principle' approval from the Reserve Bank of India (RBI) to set up a bank in the private sector, as part of the
RBI's liberalization of the Indian Banking Industry in 1994. The bank was incorporated in August 1994 in the
name of 'HDFC Bank Limited', with its registered office in Mumbai, India. HDFC Bank commenced operations
as a Scheduled Commercial Bank in January 1995.
HDFC Bank Limited, a private sector bank, provides financial services to corporations, and middle and upperincome individuals in India. It operates in three divisions:
Retail Banking,
Wholesale Banking, and
Treasury Operations.
RETAIL BANKING:
The Retail Banking division provides various deposit products, loans, credit cards, debit cards, third party
mutual funds and insurance, investment advisory services, and depositary services.
WHOLESALE BANKING:
The Wholesale Banking division offers loans, deposit products, documentary credits, guarantees, bullion
trading, foreign exchange, and derivative products, as well as cash management services, clearing and
settlement services for stock exchanges, tax and other collections for the government, custody services for
mutual funds, and correspondent banking services.
TREASURY OPERATIONS:
The Treasury Operations division manages debt securities, money market operations, foreign exchange, and
derivative products
Helping Indians experience the joy of home ownership. The road to success is a tough and challenging journey
in the dark where only obstacles light the path. However, success on a terrain like this is not without a solution.
As we found out over two decades ago, in 1977, the solution for success is customer satisfaction. All you need
is the courage to innovate, the skill to understand your clientele and the desire to give them your best.
Today, over a million satisfied customers whose dream we helped realize, stand testimony to our success.
Our objective, from the beginning, has been to enhance residential housing stock and promote home ownership.
Now, our offerings range from hassle-free home loans and deposit products, to property related services and a
training facility.
We also offer specialized financial services to our customer base through partnerships with some of the best
financial institutions worldwide Housing Finance Sector.
employment.
Having identified housing as a priority area in the Ninth Five Year Plan (1997-2002), the National Housing
Policy has envisaged an investment target of Rs. 1,500 billion for this sector. In order to achieve this investment
target, the Government needs to make low cost fun.
HDFC- GENESIS:
The bank was incorporated in August 1994 in the name of 'HDFC Bank Limited', with its registered office
in Mumbai, India. HDFC Bank commenced operations as a Scheduled Commercial Bank in January 1995.
Network of over 250 branches spread over 135 cities across the country. All branches are linked to each
other through an online real time basis. . Customers in 80 locations are also serviced through Phone
Banking.
The Bank also has a chain of over 800 networked ATMs across these cities.
Moreover, HDFC Bank's ATM network can be accessed by all domestic and international
Visa/MasterCard, Visa Electron/Maestro, Plus/Cirrus and American Express credit/ chargecardholders.
The
a
Bank's
presence
corporate
in
customers
expansion
plans
take
into
account
and
commercial
all
major
industrial
are
located
as
well
as
the
need
the
to
need
to
centres
build
have
where
strong
its
retail
Being
has
clearing/settlement
branches
in
the
centers
bank
to
where
various
the
leading
NSE/BSE
stock
have
exchanges,
a
strong
the
and
Bank
active
member base
HDFC
Bank
information
operates
technology
in
and
highly
automated
communication
environment
systems.
All
in
terms
the
of
bank's
branches have connectivity, which enables the bank to offer speedy funds transfer facilities to its
customers. Multi-branch access is also provided to retail customers through the branch network and Automated
Teller Machines (ATMs). The Bank has made substantial efforts and investments in acquiring the best
technology available internationally to build the infrastructure required for a world-class bank. In terms of
software, the Corporate Banking business is supported by Flex cube, while the Retail Banking business by
Fin ware, both from i-flex Solutions Ltd. The systems are open, scalable and web-enabled. The Bank has
prioritized its engagement in technology and the internet as one of its key goals and has already made
significant progress in web- enabling its core businesses. In each of its businesses, the Bank has succeeded in
leveraging its market position, expertise and technology to create a competitive advantage and build market
share.
In each of its businesses, the Bank has succeeded in leveraging its market position, expertise and technology to
create a competitive advantage and build market share. The Bank has received recognition both nationally and
internationally for 'The Best Bank' on various parameters in publications like Euro money and Finance
Asia.The Bank's IT department has a total staff strength of 120 (approx.),with a mix of functional and technical
specialists.
CHAPTER - 4
DATA ANALYSIS
&
INTERPRETATION
DATA ANALYSIS
QUESTIONNAIRE TARGETED AT THE EMPLOYEES:A questionnaire was prepared for the purpose of getting feedback from the employees regarding the Stress
management in Banking Sector, (Special report on HDFC Bank). Around 50 employees were selected
from different branches of the HDFC Bank and questionnaire was given to them for the purpose of study.
The analysis of the data is done as per the survey findings. The data is represented graphically in percentage.
Usually
Seldom
25%
40%
35%
TABLE 4.1
FIGURE 4.1
INTERPRETATION:
25% employees always manage time effectively, 40% usually and 35% seldom.
seldom
25%
TABLE 4.2
Usually
40%
FIGURE 4.2
INTERPRETATION:
35% employees always use assertive statements to protect my right to say no to others, 25% seldom and 40%
usually.
always
48%
Seldom
22%
TABLE 4.3
usually
30%
FIGURE 4.3
INTERPRETATION:
48% employees regularly share my feelings with someone close to me, 22% seldom and 30% usually.
always
36%
seldom
30%
TABLE 4.4
usually
34%
FIGURE 4.4
INTERPRETATION:
36% employees do community work with that is meaningful to me, 30% seldom and 34% usually.
Q.5 I eat balance diet with lots of fresh fruits and vegetables?
always
50%
seldom
20%
TABLE 4.5
usually
30%
FIGURE 4.5
INTERPRETATION:
50% employees are eat balance diet with lots of fresh fruits and vegetables, 20% seldom and 30% usually.
always
40%
seldom
25%
TABLE 4.6
usually
35%
FIGURE 4.6
INTERPRETATION:
40% employees do aerobic exercise at least three times each week, 25% seldom and 35% usually.
seldom
38%
TABLE 4.7
usually
42%
FIGURE 4.7
INTERPRETATION:
20% employees practice relaxation techniques daily, 38% seldom and 42% usually.
seldom
42%
TABLE 4.8
usually
30%
FIGURE 4.8
INTERPRETATION:
28% employees avoided unhealthy habits for coping with stress, 42% seldom and 30% usually.
CHAPTER - 5
CONCLUSIONS
&
RECOMMENDATIONS
CONCLUSIONS
The report entitled CUSTOMER SATISFACTION has helped me in studying about the
services and products offered to consumers by the organization.
Since the opening up of the organization, HDFC BANK Pvt, Ltd is in the fray each one
trying to cover more market share than the other.
The most important thing that create a good name to any organization is its services and
products that can well satisfy its customers hence customer satisfaction is very crucial and
important tool of business.
In short, I would like to say that the very act of the concerned management at HDFC
BANK Pvt, Ltd in critically examining consumer satisfaction towards all products and
services of the company is a step in their continual mission of making all round
improvements as a means of progress.
I am sure the company has a very bright future to look forward to and will be a trailblazer
in its own right.
RECOMMENDATIONS
Some of the recommendations for the HDFC BANK would be following here.
It need to focus more in to middle segment of the customer because they are very price
sensitive and they ready to take an advantage of this.
It need to focus more in to marketing problem because customer satisfaction depends upon
this.
It need to change their customer segmentation like other competitors which focus more
towards luxury segment.
Customer Satisfaction is depends upon what customers perceive with the brand which is good
sign for the company can keep continue with this strategy.
It need to focus on its prices which are more than any other competitor with the same product.
BIBLIOGRAPHY
WEBSITE
http//:www.wikipedia.org
http//:www.naukrihub/customersatisfaction.com
ANNEXURE
QUESTIONNAIRE -1
1. Name of the show room____________________________________
2. Address of the show room __________________________________
Supply
1. Are you satisfied with the supply
yes / no
Growth
1. What are your growth rate in 2008-2009(in percentage)____________
2. What will be your expected growth in 2010-2012 _________________
3. Programmed of purchases(2009-2010) Rs_______________________
Remarks
Name of the branch___________________________________________
QUESTIONNAIRE -2
Respondent name____________________________________
Sex: _____________________________________
Age: _____________________________________
1.
2.
Which company you prefer the most for footwear and why?
Bata
Liberty
Paragon
Metro
Woodland
Reebok
Nike
Adidas
Other
3.
Would you like to buy footwear from a show room or from an ordinary shop?
Show room
Ordinary shop
4.
5.
What is the difference between the local company and well known company?
Local company
7.
(1)______________
(1) _______________
(2)______________
(2) ________________
Which problem does you face and what modification you want?
_____________________________________________________
_____________________________________________________
ANNEXTURE- 3
QUESTIONNAIRE
-3
Name :
Sex
M/F
Age group:
15-20
25-30
Above 30
OCCUPATION
Student
Servicemen
Businessmen
Housewife
Working lady
INCOME (PER MONTH)
Rs .5000-10000
Rs .10000-15000
Above Rs 15000
Liberty
Woodland
Paragon
Metro
Reebok
Nike
Adidas
Other
3. Specify the reason for purchase of particular brand of liberty footwear, rank according to
your choice.
Range
Quality
Fashion
Discount
Offers
Comfort
Parents
Advertisement
Personal liking
5. Which media do you like most for advertisement?
T.V.
Newspaper
Hoarding
Magazines
Zee
Star plus
Sony
Other