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SHEKHAR SANE 08BS0003110 SHASHWATENDRA SINGH 08BS0003097 SHRUTI CHHABRA 08BS0003193 SHAIKH FARHA 08BS0003058 SHWETA TIWARI 08BS0003228
SEC: E
BATCH 2008-10
EXECUTIVE SUMMARY
Considering the good growth prospects in the packaged atta sector many players are entering in the market. The survey was done to study the Advertising Effectiveness of Packaged Atta. But, why do we study the advertisement effectiveness? The study shows that advertisement is the most influential medium of making people aware of the brand/product. There are many factors which make the advertisement effective & leave an impact on consumers mind which later work as ingredient for recall value. We took 3 major brands to conduct the study: Pillsbury, Annapurna & Shakti Bhog. In the study, we observed how some different factors used in the advertisement make the impact on the consumers. For instance, nutrition value showed in the advertisement make the consumer to have a perception of the brand providing more nutrition as compared to any other brand. We observed that the majority of the consumers of packaged atta were having annual income of more than Rs. 3 lakhs. Through different questions asked in the survey, we can infer that people are getting more health conscious when it comes to buy packaged atta. Different tools (product visibility, story line etc.) were used in the advertisements to make an impact on the consumers mind. The study shows pictuarization & story line as the prominent tools in the advertisement to drive customers to the shop. The aspects like nutrition value, trust on brand are the key aspects while buying the packaged atta. The tag line is considered to be the one of the recognizing factor of the Brand Recognition. Annapurna scores high on this aspect as compared to any other brand which makes it high on the Brand Recognition aspect. The study highlighted that the brand who was able to unders tand the consumers mindset would rule the market. Pillsbury has come up as the brand which is able to get in tune with the pulse of the customers perception. Its advertisement not only shows the nutrition value (the influential reason-shown in the study) of the product but scores high on the pictuarization aspect as well.
CONTENT
Page no. 1. 2. 3. 4. 5. 6. 7. INTRODUCTION OBJECTIVES AND METHODOLOGY DATA ANALYSIS FIELD FINDINGS/ OBSERVATIONS CONCLUSION SUGGESTIONS/ RECOMMENDATIONS BIBLIOGRAPHY 1 3 5 18 19 21 22
INTRODUCTION
India has always been as attractive destination because of its size. It provides large opportunities to bring something innovative, which have fuelled the enthusiasm to enter into any Industry. Same is true in case of Food Industry, which has seen a revolutionary change in the past few years. With the increased earnings in families coupled with a fast paced life has opened up numerous new avenues and one of them is the packaged atta (wheat flour). Food is a powerful symbol of cultural identity. Wheat, considered to be a staple part of diet for most of Northern and Western parts of India, is also finding its way into the culinary habits of the South and the East where rice has traditionally ruled the platter. The bulk of wheat is converted into whole wheat flour or atta, used to make flat bread or rotis. While atta and rotis are central to Indian food, packaged atta is a novel concept. The market is characterized by traditional chakki atta, where the housewife buys grain and has it freshly ground in a local flour mill or chakki. The current size of the branded, packaged atta is approximately one million tonnes or 2% of total market of approximately 45 million tonnes. The major market is of families where both husband & wife are working, office goers or those families which dont have a flour mill nearby.
Market size
2%
Most families still prefer going the traditional way and doubt the quality of packaged atta. They still practice purchasing wheat from market, cleaning it by hands, storing them and then
taking small quantities of wheat to neighborhood mill or chakki to get it ground between two stones to convert it into flour. Selling packaged flour is almost revolutionary in India, where most Indian housewives still buy raw wheat in bulk, clean it by hand, store it in huge metal hampers and every week or month, and carry some to the neighborhood mill, or chakki, where it is ground between two stones. The major players in this Industry in India are Annapurna atta (Unilever group), Shakti Bhog atta (ITC group) and Pillsbury chakki fresh atta (Pillsbury International). The branded packaged atta industry, although small, is highly competitive and there is tough competition going on between the firms operating in this segment. The purpose of carrying out the study about Advertising Effectiveness of Packaged Atta was quite important as to get an insight about how attractive & effective the advertisements of the various players are to attract the attention of customers to purchase their product.
RESEARCH METHODOLOGY
Procedure of Data collection The researchers approached the retail stores and the data was collected from consumers coming to the retail stores for purchasing. Firstly consumers were oriented about the study. Those who were willing to participate were given background information forms to be filled at the same time. Then the participants were interviewed. The response of the respondents was noted down by the researcher during the interview process. Each interview was conducted in person. Field testing of the Questionnaire The Questionnaire was field tested on two respondents with the following objectives: 1. 2. 3. 4. Feasibility of the questionnaire. Sensitizing the researcher to the process of interviewing. Average time required per interview. Appropriateness of the sequencing of the questions.
Data Analysis Data Analysis was essentially quantitative. Final conclusion was drawn after analyzing the data obtained from the survey. Time frame We required 22 days to carry out this survey starting from 19 th December 2008 to 10 January 2009. Human Resources There were 5 researchers carrying out the survey.
GENDER OF RESPONDENTS
140
NUMBER OF RESPONDENTS
120
100
80 60 121
40
20 0 MALE FEMALE
29
Inference: The survey reflects the female dominance on the survey, where female respondents outnumbered the male respondents.
60 NUMBER OF RESPONDENTS
50 40 30 20 32
5 10
0
VALUES
ANNUAL INCOME IN Rs LAKHS
< 1.5 L
1.5 L - 3 L
3 L - 4.5 L
> 4.5L
Inference: From the response we can infer that most of the users (113 of 150, 75.3%) of packaged atta were having income more than Rs 3 lakhs per annum. We can also infer that a significant section of society (24.67%) still prefer getting flour from chakki.
3. Sources of information:
NUMBER 38 33 9 5
SOURCE OF INFORMATION
40
38
33
NUMBER OF RESPONDENTS
35
30
25
20 15 10 5 9
NUMBER
Inference: We can infer that buying behavior is highly influenced by the advertisements. People prefer to base their buying decision on advertisements and credible sources like friends or relatives rather than sources whose credibility is dubious, like suggestions of shopkeepers. Publicity in the form of word of mouth is a significant source of information.
NUMBER 38 32 9 20 1
20
9
1
NUMBER
Inference: People are more health conscious and give higher priority to Nutritional value. As Atta is a staple part of diet, people are mostly reluctant of experimenting and thus are Brand loyal.
NUMBER 71 79 150
53%
47%
Inference: Of the respondents, almost equal proportion of people use packaged data. This is a strong indication of the fact that there is a significant change in consumer buying habit from highly conservative style to open to consumerism.
NUMBER 33 61 71 4
BRAND RECALL
OTHER 4
PILLSBURY BRAND
71
ANNAPURNA
61
NUMBER
SHAKTI BHOG
33
10
20
30
40
50
60
70
80
NUMBER OF RESPONDENTS
Inference: People were able to recall the PILLSBURY brand followed by ANNAPURNA brand, which implies that they enjoy a higher recall value than their competitors.
84
84 69 48 48 65
60
40 20 0
YES NO Do you believe Packaged Atta contribute to the growth of your children? Are you getting the same taste as if you were, using Chakki Atta?
MESSAGES
Inference: Pillsbury (Q1) and Annapurna (Q3) were able to convey their message to almost 56% of the respondents. Shakti Bhog (Q2) was able to convey its message to only 46% of the respondents.
RATINGS OF ADVERTISEMENTS
60 51 NUMBER OF RESPONDENTS 50 40 41 40 30 32 28 23 18 12 5 10 6 12 33 40 41 R1 R2 R3
20 10
0
R4
R5
PILLSBURY
ANNAPURNA BRANDS
SHAKTI BHOG
Inferences: When we see the overall ratings of the advertisements, Pillsbury emerge as the overall winner.
REMEMBRANCE
71
NUMBER OF RESPONDENTS 80 70 60 50 40 30 20 10 0 61
59
50
33 32
REMEMBER AD
REMEMBER AD
Inferences: Pillsbury enjoys the top spot in response for ad remembrance and correct tag line category.
PILLSBURY
PICTUARIZATION 86
STORY LINE
29
PRODUCT VISIBILITY
18
JINGLE 0 10
17 20 30 40 50 60 70 80 90 100
Inferences: Pillsbury gets the highest ranking in Pictuarization category, implying that this was the most influencing factor to influence in the advertisement.
ANNAPURNA
BRAND ANNAPURNA JINGLE 23 PRODUCT VISIBILITY 30 STORY LINE 73 PICTUARIZATION 24
ANNAPURNA
PICTUARIZATION
24
STORY LINE
73
PRODUCT VISIBILITY
30
JINGLE 0 10 20
23 30 40 50 60 70 80
Inferences: Annapurna gets the highest ranking in Story Line category, implying that this was the most influencing factor to influence in the advertisement.
SHAKTI BHOG
BRAND SHAKTI BHOG JINGLE 31 PRODUCT VISIBILITY 44 STORY LINE 48 PICTUARIZATION 27
SHAKTI BHOG
PICTUARIZATION 27
STORY LINE
48
PRODUCT VISIBILITY
44
JINGLE 0 10 20 30
31 40 50 60
Inferences: In case of Shakti Bhog, we are not able to identify a unique feature which prominently influence in the advertisement, as all the factors got nearly same number of responses.
JINGLE 17 23 31
PRODUCT VISIBILITY 18 30 44
STORY LINE 29 73 48
PICTUARIZATION 86 24 27
PICTUARIZATION
27 24 86 48
73
17
0 20 40 60 80 100
Inferences: We can infer that people look for Pictuarization and Story Line in the advertisement, and thus consider them as the most effective factors in advertisement.
FIELD FINDINGS/OBSERVATIONS
1. There were positive and enthusiastic responses of people participating in the survey. They were amazed by the new way of conducting survey by first showing advertisements and then giving responses. 2. People were comfortable in participating in the survey mostly in the noon and evening time when they were relaxed and were not having any hard pressed commitments.
3. People recalled most of the features of the packaged atta when they saw the advertisements, which helped them to answer the questions. 4. Some people were a bit reluctant in participating in the survey as they misunderstood us for salesperson. We had to convince them about our identity, after which some agreed to participate in the analysis.
CONCLUSION
On the basis of the research which we have conducted, we can put forth following conclusions:
We observed that there is a correlation between the consumers buying reason & the highlighting feature of the advertisements: 1. As per the survey, Nutrition Value is the driving reason to buy package atta & the advertisements of Pillsbury & Annapurna highlight the same value in their advertisements successfully (the reason for their success). While Shakti Bhog on the other hand emphasized on the taste factor which was unable to drive consumers to buy Shakti Bhog atta. 2. Brand recall before or after watching the advertisement reflects the fight between Pillsbury & Annapurna. Shakti Bhog still striving hard to make an impact on peoples mind. 3. Story line emerges as the most effective factor of the advertisements (147 responses) followed by the picturization of the advertisement (135 responses).
4. Recall value of the advertisements reflects the effectiveness of the advertisements: Pillsbury & Annapurna were able to convey the message to 56% of the respondent while Shakti Bhog was able to make an impact on only 46% of the respondent. 5. When we see the overall performance of the advertisements, its Pillsbury which steals the show with 51 responses in the most liking category. 6. An interesting revelation come into sight when respondent ,who said they remember the advertisement were checked on the tag line factor, many of them fail to identify the correct tagline. However, Annapurna can claim to have a tag line which reaches to the masses, 50 out of 61 respondents identified the correct tag line. 7. On the basis of data, we can conclude that Pillsbury enjoys the highest Brand Awareness, whereas Annapurna enjoys having the highest Brand Recognition.
Its Pillsbury who emerges as a winner on the grounds of effectiveness. Whether its brand awareness or the advertisement effectiveness, Pillsbury is able to check the pulse of the consumers and conveyed the message successfully. However, Annapurna is giving the tough fight to Pillsbury on different fronts be it the message conveyed to the consumers or the highlighting feature of the advertisement- nutrition value. But Shakti Bhog has to do a lot of ground work: it fails to communicate the message; focusing on the factors like taste, product visibility etc. which are not come up as the motivating reasons to buy its product.
SUGGESTIONS/ RECOMMENDATIONS
On the basis of the research which we have conducted, we can suggest that S hakti Bhog should focus on the nutrition aspect of the product rather than taste. The advertisement need to be made which can increase the recall value of the brand. An advertisement should reflect USP which can leave an impact in the minds of consumers.
BIBLIOGRAPHY
Pillsbury Presses Flour Power in India by Miriam Jordan, from The Wall Street Journal. Marketing Management by Philip Kotler.