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Project Report
On
‘‘CUSTOMER REALATIONS MANAGEMENT”
WITH
ALTER EGO LEARNING
SUMBITTED TO
BHARATI VIDYAPEETH INSTITUTE OF
ENTREPRENEURSHIP DEVELOPMENT
Submitted by:
NIHAR VASANT GHARAT
ROLL NO-55
BATCH:2017-2020
I would also thank my entire ALTER EGO Team for helping me in and
out and for being present whenever needed, also I am grateful to all my
respondents who took out time to interact with me which acted as the
main input for my project.
I would also like to thank my college and internal faculties for giving
me this opportunity to get the first corporate exposure and supporting
me throughout this journey. This project helped me to learn new
concepts and gave me a practical hand on experience of the theoretical
concepts learned earlier.
Date:
Signature
MEET LALJI SHANKHALA
(Student)
EXECUTIVE SUMMARY
Along the journey of Lifelong Learning and training the youth on skills
that really matter, he has received few awards and recognition along the
way like:
Mission
Enhancing human and organizational excellence in development sectors by
blending frontier clean energy technologies to achieve economy and
energy security.
Value
We value our drive and commitment to provide cutting edge technologies
and top quality service to our clients, sharing our knowledge and caring for
their needs.
Attitude
We constantly strive to motivate every power professional to tap his unique
human endowments, consciousness, imagination and willpower. Together
we make a difference.
Objectives
To leverage its core competency of intellectual capital for catering to the
growing needs of better employee.
Detailed Comprehensive Objectives
To enhance existing skill sets in upcoming technologies to prepare efficient
manpower and maximize employment opportunities.
This part of the analysis identifies weaknesses so that ways can be found
to eliminate or minimize them. Typical analysis focuses on issues, such as
weaknesses in the organization’s value proposition, gaps in capabilities,
lack of financial strength or problems with cash flow, the supply chain,
morale, commitment or leadership.
Threats: Counter
The objective of the threats analysis is to identify and find ways to mitigate
potential threats. Topics might include pending legislation, environmental
issues, competitor intentions, market demand, technologies, obstacles to
current plans, insurmountable weaknesses and economic issues.
SWOT analysis can be scaled from broad issues to those of limited scope.
It can be used to address anything from questions of corporate strategy to
individual career planning. This flexibility makes it a particularly practical
tool for the trainer and one of the most effective training methods for
getting learners engaged and thinking about the issues.
2. RESEARCH METHODOLOGY
CONSUMER RELATION
1. INTRODUCTION:-
Consumer relation is to look after the two types of customers, which are
internal customers and external customers. Internal customers refer to
those who are working in the organization, and external customers are
those who are considered as buyers. (Internal customers need employers to
listen to what they want to say and what they are promised. Showing them
that you have confidence and trust in they will make them work hard for
you.
The main things that employers need to do are to make their company
goals and missions to be understood by his employees. So when they are
interested in those goals, they will strive to succeed them. Collecting
feedbacks from workers is also a crucial idea for employers. The
second major point is to allow them to know that you appreciate their works
by saying “thankyou”
reward them salary bonus or paying them a meal. External relations, too,
require you to appreciate their needs. Customers will not think about your
company, but they will when they need something. To make your business
pop up in their minds when they need what your business has is to make
them feel that you are there for them when they need. This will not be an
easy task for you to achieve, but you will win your customers feeling when
you manage to succeed it
Maintaining Relation
The one and only objective that the company needs to maintain relations
with its customer Is economics. Companies compete for each other to
retain current customers and obtain more new customers. When it comes
to these relationship building, I think Starbuck Coffee is a good lesson to
learn. In the first principle: Make It Your Own in the Starbuck Experience
book by Joseph A. Michelli. The top managers let their partners– baristas
to work with whatever strategies base on their individual creativity to build
a relationship with customers within five principles. Those five principles
are Be welcoming, Be genuine, Be considerate, Be knowledgeable
Consumer-Generated Media
Online players mostly believe on comments and reviews from their online
friends before they decided to buy a product or service. Survey found that
when it comes to suggestion on a particular thing, Generation X seems to
get more trust rather than generation Y, 25 percent versus 15 percent. The
results demonstrate that customers believe in their online friends more than
they believe in advertising, even they do not know each other personally,
(Len, 2012)
Word of mouth in the digital age can be considered as a crucial point for
consumer-generated media, too. When marketers found out the psychology
of customers in the digital age, they will use some famous online users,
who are got attention by mass online users, to do promotion for their
products or services. These activities are
known as, “buzz”
word-of-mouth marketing. Mostly, buzz is used to reach the goal of
successful brand build for the company (public
relations) or promoting company’s products (marketing).
Those famous online users can be considered
as ‘opinion leader’ (Thomas, 2006)
Sometimes opinion leaders receive the word of trustworthy more than the
company or media when they share something new on their social media
account. (John, 2015)
Opinion leaders are not always to promote the product or service for the
company, but they criticize the product that they were served with a
particular company. For example, the review of
“The 7 Habits of Highly Effective People”
has sold world widely over 25 million copies in hard-copied since the first
publication in 1989. This non-fiction book has included about twenties
positive reviews from various people and intuitions over the world. The
decision that the author and publisher put this review is to attract and get
loyalty from new customers
Consumer’s Rights
They are the right to safety, the right to be informed, the right to choose,
and the right to be heard. There are four rights such as the right to safety,
the right to be informed, the right to choose, and the right to be heard. The
right to safety is to protect people from the marketing of goods that may
have the negative impact on their health or lives. The right to be informed
is to give fact information and to protect people from distortion information
from advertising, branding or other activities. The right to choose is to
make sure that people can access to a diversity of products and service at
various prices. The right to be heard guarantees that the government policy
will be interested in consumers, and they will get fair and quick treatment
in its administrative tribunals. In 1985, four more rights were included with
the four basic right. They are right to satisfaction of basic needs, the right
to redress, the right to consumer education, and the right to a healthy
environment. Right to satisfaction of basic needs is to access to
fundamental needs such as food, clothes, shelter, healthcare, education and
so on. Next, the right to redress is to receive a fair claiming ,including
compensation for misrepresentation. Right to consumer education is to
provide information to
make them aware of the concepts of consumers’’ right and responsibility
and how to act on them. And the right to a healthy environment, this right
is to make sure that the company does not do any harmful to the
environment that may affect the living condition of the whole community.
(Consumers International)
The United States President John F. Kennedy pushes those law on food
and drug protection, safer transportation, financial protection, more
effective regulation, housing costs and quality and consumer information
and research. First of all, food and drug protection, to secure harmful
substances due to many kinds of food additives, colorings pesticides are
found every year. To fix this problem, Mr. Kennedy has added2% of staff
in food and drug protection. Secondly, to guarantee safety for its citizens,
the U.S has increased the speed and congestion of transportations and
highway. After that, financial protection was implemented to save money
for people. For example, the Federal Trade Commission of the U.S took
action against false advertising on varieties of household uses such as
refrigerators, house paint, sewing machines and vacuum cleaners.
RESEARCH APPROACH
Decision support
Enterprise ability
Customer Attentions
Increase profitability
Improved planning
The term marketing public relations was coined in the 1980s in an effort
to distinguish the use of public relations techniques in achieving
marketing objectives from the general practice of public relations (Harris
& Whalen, 2006). It is an ‘allen compassing’ term integrating concepts
and tools from public relations, marketing ,advertising and research.
Harris and Whalen stipulate that its growth was supported by the
recognition of its intrinsic value by business executives and the ability of
PR professionals to develop PR campaigns in support of marketing
strategies. MPR was in fact described as the largest and fastest growing
segment of a fast growing industry. A study of the global market for PR
services carried out by Shandwick Consultancy(1989) revealed that 20
per cent of the fee income of PR firms throughout the world was
generated
postulate that MPR refers to “the use of public
relations strategies and tactics to achieve marketing objectives
”. According to Kotler (2003),MPR plays a significant role in the process
of launching a new product as well as in the repositioning of a mature
product: it can build interest in a product category,influence specific
target groups, defend a product which experiences public problemsand
build the corporate image in a way that reflects favourably on its
products/services. Kitchen and Papasolomou (1997) emphasised the
effectiveness of MPR in winning consumers’ trust, celebrating special
occasions and sponsoring special eventsand programmes. Giannini (2010)
posits that MPR has the potential to enhance the visibility of products and
organisations, inform stakeholders in relation to issue sthat are critical
to the organisation, influence public opinion favourably towards the
organisation, as well as encourage the trial of products and increased
usage.Giannini (2010, p. 4) defines MPR as “ any program or effort
designed to improve,maintain, or protect the sales or image of a product
by encouraging
intermediaries, suchasas traditional mass media, the electronic media, or
individuals, to voluntarily pass a message about the firm or product
to their audience of businesses or consumers”. A number of studies have
been carried out in order to identify the degree of awareness of the
business sector regarding MPR. One of these is a survey carried out
among 286 Advertising Age subscribers who held marketing and
advertising positions with client organisations (Duncan, 1985). Among
the key findings were the following:
• MPR is perceived as effective in a variety of areas that
were traditionally the responsibility
of advertising• MPR is especially effective in building brand awareness a
nd brand knowledge• MPR breaks through clutter• MPR complements ad
vertising by increasing the credibility of messages• MPR is made cost-
effective by an increase in media advertising costs.
CUSTOMER SATISFACTION