Académique Documents
Professionnel Documents
Culture Documents
Submitted in
partial
Faculty guided
Submitted by:
Ms.Aparna Kalla
Sonu kumar
BBA 3 rd Year
PREFACE
Training is business organization in fuse among student a sense of critical analysis of
the real managerial situation to which they are exposed.
opportunity to apply their conceptual theoretical & imaginative skills in a real life
situations and to evaluate the results there of.
BIG BAZAAR is a name renowned name in Retail. BIG BAZAAR is now a brand
image in private retail sector. While my two month project, I was at BIG BAZAAR to
find potential of BIG BAZAAR on the presence of other retail Stores.
Practical training through experts of BIG BAZAAR gave me actual input to fulfill my
real aim.
This report is the written account of what I learnt experienced during my training. I
wish those going through it will not only find it real but also get useful information.
Acknowledgement
It gives me immense pleasure, having done a project on an interesting and
knowledgeable topic like Organizational study and the study on Customer Service
Desk at Big Bazaar.
This project has not only widened my horizon as far as academics are concerned but
also helped me to enlarge my knowledge bank. There are many people associated with
this project without which this project would not have been made possible.
I take this opportunity to express my sincere gratitude to Mr. Sunu Sundran, (Store
Manager Big Bazaar, OMR), Ms. Gayatri V M,( HR Big Bazaar, OMR) who provided me
this great opportunity to work and learn at Big Bazaar. I am also deeply grateful to Mr.
Sashanant(asst. Store Manager, Big Bazaar, OMR) who gave me this wonderful project
and for the guidance he gave throught out my project to complete it successfully. I
would like to thank Mr. Shankar (Manager, CSD, Big Bazaar, OMR) and other staff at
CSD who encouraged and guided me in doing this wonderful project on CSD.
I am indebted to my college in particular to Ms. Sasmitha Bebortha (Campus Head,
NSB, Bangalore), Mr. B. Srinivasan(Dean) and Mr. Mohan (asst. Placement Officer,
NSB, Bangalore) and would like to acknowledge and extend my heartfelt gratitude for
providing me this great opportunity and encouraging me to learn more during my stay at
Big Bazaar, OMR.
I would like to thank all my seniors and fellow management trainees who assisted with
constant support and shared their experiences with me which added to my knowledge
in completion of this project successfully.
I would also like to thank all those persons who assisted me in the completion of my
project at Big Bazaar, OMR, successfully, whom I could not mention name by name due
to lack of space,
3
EXECUTIVE SUMMARY
The companys leading formats include Pantaloons, a chain of fashion outlets, Big
Bazaar, a uniquely Indian hypermarket chain, Food Bazaar, a supermarket chain,
blends the look, touch and feel of Indian bazaars with aspects of modern retail like
choice, convenience and quality and Central, a chain of seamless destination malls.
Some of its other formats include, Depot, Shoe Factory, Brand Factory, Blue Sky,
Fashion Station, aLL, Top 10, mBazaar and Star and Sitara. The company also
operates an online portal, futurebazaar.com. A subsidiary company, Home Solutions
Retail (India) Limited, operates Home Town, a large-format home solutions store,
Collection i, selling home furniture products and E-Zone focused on catering to the
consumer electronics segment.
Pantaloon Retail was recently awarded the International Retailer of the Year 2007 by
the US-based National Retail Federation (NRF) and the Emerging Market Retailer of
the Year 2007 at the World Retail Congress held in Barcelona. Pantaloon Retail is the
flagship company of Future Group, a business group catering to the entire Indian
consumption space.
TABLE OF CONTENTS
S.
Descriptions
Page
1.
no.
6-32
2.
33-47
3.
Research Methodology
48-49
NO.
1.
2.
3.
4.
Types of Research
5.
6.
Scope of Study
4.
7. Limitation of Study
Facts and Findings
5.
6.
7.
Questioners
63-65
8.
Conclusion
66
9.
Bibliography
67
50
51-61
62
products at a discounted price, the name big bazaar was finalized. That is how the store
design was finalized. The store should on one hand provide the customer the look and
feel of a bazaar and on the other hand should provide them a shopping experience.
The store design and layout tells a customer what the store is all about. It is a very
strong tool in the hands of the retailer for communicating and creating the image of the
store in mind of the customer. The design and layout of the store are a means of
communicating the image of the retail store. The primary consideration that a retailer
takes into account while choosing the look of his store is his target audience, their need
and their buying behavior, secondly the merchandise that he is going to sell.
OMR big bazaar (super center and hypermarket) is a 7floor building comprising of 13
home line of business, 4 joint venture with (Lee cooper, Loot mart, Dollar store, Navras
gold jewelry, sports) and few shop in shop. OMR big bazaar is the Indias biggest big
bazaar with a 12000 per sq. feet sales. It comprises of built up area of 126655 sq. feet
and retail area of 65043 sq feet with average footfalls of 7000 customers per day. Big
bazaar is coming up of with more shop in shop so that they can cater to the needs of
diverse culture of customers coming to the store. Customer coming to big bazaar can
shop, eat and entertain themselves under one roof.
There are many promotional activities done in the store to promote the in house brands.
These activities are usually performed on big days in the week like Sundays, Saturday
and Wednesday. The activities done are fashion show to promote fashion @ big bazaar.
Fashion show was conducted in the exterior of the store by models that performed on
the ramp wearing big bazaar clothing. Other activities are small games such as quiz
contest, fashion show, etc. are been played to entertain customers and on the same
front promote their products.
Exterior store design:
Many a times it is the exterior look of the store that draws the customers to the store.
The factors that are considered in designing the exterior of the store are:
Site it.
For the convenient movement of the customers in the store there are escalators and
lifts. The store layout is such that when one reaches at a particular level he /she can get
an overall picture of the floor in a single view. Proper spacing is provided for fixtures,
walking area and Highlights like Boards and Signages are provided in each section.
Every section is arranged in accordance to a preplanned theme for each Season and
Shopping Festival. These themes have a same kind of patter or look such that different
sections are connected in accordance with the buying behavior of the customer.
The floor arrangements are planned to suit the buying need and convenience of the
customers like grocery, food and FMCG products (daily necessities) are kept on the
ground floor as no customer will go to the 5 th floor to buy vegetables. Thus the store
designs are according to this plan.
Comfortable ambience is created with the help soothing music. Proper ventilation and
lights add to the shopping experience at OMR big bazaar. Attractive schemes and
discounts on different products on different levels are announced at regular intervals at
every floor to attract customers.
Proper fixtures are used to store and display the merchandise. The fixtures used are
flexible enough that its size can be changed or can be shifted inside the store as per
convenience.
Big Bazaar is not just another hypermarket. It caters to every need of your family.
Where Big Bazaar scores over other stores is its value for money proposition for the
Indian customers.
At Big Bazaar, you will definitely get the best products at the best prices - thats what we
guarantee. With the ever increasing array of private labels, it has opened the doors into
the world of fashion and general merchandise including home furnishings, utensils,
crockery, cutlery, sports goods and much more at prices that will surprise you. And this
is just the beginning. Big Bazaar plans to add much more to complete your shopping
experience.
It is chain of shopping malls in India currently with 31 outlet owned by Kishore
Biyanis Pantaloon Group.
Big bazaar is not just another hypermarket.
It provides the best products at the best price.
It reflects the look and feel of Indian bazaars at their modern outlets .
All over India, Big Bazaar attracts a few thousand customers on any regular day.
Target Audience:
Big Bazaar targets higher and middle class customers .
The large and growing young working population is a preferred customer
segment.
Big Bazaar specifically targets working women and home makers who are the
primary decision makers.
Features of Big Bazaar,
In Big Bazaar, OMR following features are there:
3. The food court is there where one can have refreshments and relax..
4. Photo section is there on the ground floor where one can take out prints in
different ways
offers, like discounts or coupons. In some cases, customer service representatives are
required to follow up with an individual customer until a question is answered or an
issue is resolved.
Some customer service representatives help people decide what types of products or
services would best suit their needs. They may even aid customers in completing
purchases or transactions. Although the primary function of customer service
representatives is not sales, some may spend time encouraging customers to purchase
additional products or services. Customer service representatives also may make
changes or updates to a customers profile or account information. They may keep
records of transactions and update and maintain databases of information.
Most customer service representatives use computers and telephones extensively in
their work. Customer service representatives frequently enter information into a
computer as they are
speaking to customers. Often, companies have large amounts of data, such as account
information, that is pulled up on a computer screen while the representative is talking to
a customer so he or she can answer specific questions.
Customer service representatives also usually have answers to the most common
customer questions, or guidelines for dealing with complaints. In the event that they
encounter a question or situation to which they do not know how to respond,
representatives consult with a supervisor to determine the best course of action. They
generally use multiline telephone systems, which may route calls directly to the most
appropriate representative. However, at times, they must transfer calls to someone who
may be better able to respond to the customers needs.
In some organizations, customer service representatives spend their entire day on the
telephone. In others, they may spend part of their day answering e-mails and the
remainder of the day taking calls. For some, most of their contact with the customer is
face to face. Customer service representatives need to remain aware of the amount of
time spent with each customer so that they can fairly distribute their time among the
11
people who require their assistance. This is particularly important for those whose
primary activities are answering telephone calls and whose conversations are required
to be kept within a set time limit. For those working in call centers, there is usually very
little time between telephone calls. When working in call centers, customer service
representatives are likely to be under close supervision. Job responsibilities also can
differ, depending on the industry in which a customer service representative is
employed. For example, those working in the branch office of a bank may assume the
responsibilities of other workers, such as teller or new account clerk, as needed. In
insurance agencies, a customer service representative interacts with agents, insurance
companies, and policyholders. These workers handle much of the paperwork related to
insurance policies, such as policy applications and changes and renewals to existing
policies. They answer questions regarding policy coverage, help with reporting claims,
and do anything else that may need to be done. Although they must have similar
credentials and knowledge of insurance products as insurance agents, the duties of a
customer service representative differ from those of an agent as they are not
responsible for seeking potential customers. Customer service representatives
employed by utilities and communications companies assist individuals interested in
opening accounts for various utilities such as electricity and gas, or for communication
services such as cable television and telephone. They explain various options and
receive orders for services to be installed, turned on, turned off, or changed. They also
may look into and resolve complaints about billing and other service.
Work environment:
Although customer service representatives work in a variety of settings, most work in
areas that are clean and well lit. Many work in call or customer contact centers where
workers generally
have their own workstation or cubicle space equipped with a telephone, headset, and
computer. Because many call centers are open extended hours, beyond the traditional
12
work day, or are staffed around the clock, these positions may require workers to take
on early morning, evening, or late night shifts. Weekend or holiday work also may be
necessary. As a result, the occupation is well suited to flexible work schedules. About 17
percent of customer service representatives work part time. The occupation also offers
the opportunity for seasonal work in certain industries, often through temporary help
agencies.
Call centers may be crowded and noisy, and work may be repetitious and stressful, with
little time between calls. Workers usually must attempt to minimize the length of each
call, while still providing excellent service. To ensure that these procedures are followed,
conversations may be monitored by supervisors, which be stressful. Also, long periods
spent sitting, typing, or looking at a computer screen may cause eye and muscle strain,
backaches, headaches, and repetitive motion injuries.
Customer service representatives working outside of a call center environment may
interact with customers through several different means. For example, workers
employed by an insurance agency or in a grocery store may have customers approach
them in person or contact them by telephone, computer, mail, or fax. Many of these
customer service representatives work a standard 40-hour week; however, their hours
generally depend on their employers hours of operation. Work environments outside of
a call center also vary accordingly. Most customer service representatives work either in
an office or at a service or help desk.
Customer service representatives may have to deal with difficult or irate customers,
which can be challenging. However, the ability to resolve customers problems has the
potential to be very rewarding.
Advancement:
Customer service jobs are often good introductory positions into a company or an
industry. In some cases, experienced workers can move up within the company into
supervisory or managerial positions or they may move into areas such as product
development, in which they can use their knowledge to improve products and services.
13
As they gain more knowledge of industry products and services, customer service
representatives in insurance may advance to other, higher level positions, such as
insurance sales agent.
Employment:
Customer service representatives held about 2.2 million jobs in 2006. Although they
were found in a variety of industries, about 23 percent of customer service
representatives worked in finance and insurance. About 14 percent of customer service
representatives were employed in administrative and support services. These workers
were concentrated in the business support services industry (which includes telephone
call centers) and employment services (which includes temporary help services and
employment placement agencies). Another 11 percent of customer service
representatives were employed in retail trade establishments such as general
merchandise stores and food and beverage stores. Other industries that employ
significant numbers of customer service representatives include information, particularly
the telecommunications industry; manufacturing, such as printing and related support
activities; and wholesale trade.
Job Outlook:
Customer service representatives are expected to experience growth that is much faster
than the average for all occupations through the projection period. Furthermore, job
prospects should excellent as workers who leave the occupation will need to be
replaced.
Employment Change:
14
important over the next decade. This is particularly true in industries such as financial
services, communications, and utilities, which already employ numerous customer
service representatives. As the trend towards consolidation in industries
continues, centralized call centers will provide an effective method for delivering a high
level of customer service. As a result, employment of customer service representatives
may grow at a faster rate in call centers than in other areas. However, this growth may
be tempered by a variety of factors such as technological improvements that make it
increasingly feasible and cost-effective for call centers to be built or relocated outside of
the United States.
Technology is affecting the occupation in many ways. The Internet and automated teller
machines have provided customers with means of obtaining information and conducting
transactions that do not entail interacting with another person. Technology also allows
for greater streamlining of processes, while at the same time increasing the productivity
of workers. The use of computer software to filter e-mails, generating automatic
15
16
in this large occupation because many young people work as customer service
representatives before switching to other jobs.
This occupation is well suited to flexible work schedules, and many opportunities for
part-time work will continue to be available, particularly as organizations attempt to cut
labor costs by hiring more temporary workers.
Earnings:
In May 2006, median hourly earnings for wage and salary customer service
representatives were $13.62. The middle 50 percent earned between $10.73 and
$17.40. The lowest 10 percent earned less than $8.71 and the highest 10 percent
earned more than $22.11.
Earnings for customer service representatives vary according to level of skill required,
experience, training, location, and size of firm. Median hourly earnings in the industries
employing the largest numbers of these workers in May 2006 were:
Insurance carriers
Agencies, brokerages, and other insurance related
activities
Depository Credit Intermediation
Employment services
Telephone call centers
$15.00
14.51
13.68
11.74
10.29
are the most effective source of advertising. Our company's reputation depends on
positive customer relations. As our department's function is no less important than the
sales or advertising department, we represent it thus. We negotiate from a position of
priority for resources (budget, training, tools, recognition, etc.)
We also represent the best interests of our department in management decisions. Most
top managers have never had direct customer service management experience, and
don't know what makes the department thrive. We are responsible for representing the
customer service function and its needs. The needs might include budget, tools,
personnel, training, recognition, and especially supportive organizational policies and
structures. On behalf of our employees and our department, we represent their best
interests to upper management and affirm their value to the organization.
Just as we serve as an ombudsman for our employees to upper management, we are
also responsible for interpreting upper management's perspective to our people. Often
management decisions make sense only when viewed from a larger perspective. We
have access to the "big picture." In sharing our interpretation we help people
understand the company and the importance of their contribution. They become more
knowledgeable about their role in the company. They gain a sense of purpose and
commitment. Customer service managers strengthen the role of the department by
implementing ten key actions:
19
Manage positively and develop "esprit de corps." Make your department the "in"
place to work.
Read current industry and customer service publications to stay informed and
motivated.
Customer Satisfaction
Customer Satisfaction, a business term, is a measure of how products and services
supplied by a company meet or surpass customer expectation. It is seen as a key
performance indicator within business and is part of the four perspectives of a Balanced
Scorecard.
In a competitive marketplace where businesses compete for customers, customer
satisfaction is seen as a key differentiator and increasingly has become a key element
of business strategy.
There is a substantial body of empirical literature that establishes the benefits of
customer satisfaction for firms.
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It is often said and widely accepted that customer service is the keystone to all serviceoriented business. Yet the words and concept are often not fully comprehended by
many within the service industries. Comptrollership is multifaceted, but in all respects, it
is a service-oriented business.
Assuredly, the dynamics of customer service guarantee that sooner or later the level of
service we give and receive will affect all of us, both personally and professionally.
Customer service, good or bad, doesn't just happen. Therefore, it is important that we
absolutely commit to effective customer service, understand its significance, and
promote a plan to accomplish our goals and objectives.
What Is Customer Service and Why Is It Important?
Broadly defined, customer service is an activity on behalf of a person, organization, or
cause that meets a need or requirement. This might be a simple exchange of
information, but often action or corrective measures are required. The ever-increasing
complexity of our society dictates the methods and levels of customer service that we
give and receive.
For example, electronic devices and systems have changed the communication
process--we become ever more accustomed to pressing numbers on a telephone
keypad, hearing electronic voices, and holding for the "next available associate."
Identifying areas of concern and initiating timely actions become the responsibilities of
every person involved in financial management. Timely resolution of issues is especially
important in managing federally appropriated funds that have specific parameters for
availability and usage.
As customer service providers, we must consider our role as an opportunity to gain
skills and knowledge critical to success in our profession. Most of us are entrusted with
and responsible for the proper use of organizational resources. In a resource-dependent
society, we communicate and effect necessary actions that impact various
organizations; and customer service is an integral part of our stewardship
responsibilities. Consequently, our personal goals must include reliable and timely
customer service through proactive professional behavior.
21
satisfied customer. Therefore, managers should always consider the impact of how an
effective customer service plan can help them to meet their goals.
Enlightened managers fully recognize the relationship between a sense of ownership
and positive results. Organizations may vary greatly in their methods to establish and
maintain a customer service plan, but individual loyalty to the concept and personal
effort ensure its success. This requires the enthusiastic involvement and support of top
management, as well as the active solicitation and input of ideas from all members of
the organization.
Once in place, the plan becomes a framework to evaluate the effectiveness of the
organization to meet customer needs and provides a standard for recognizing individual
performance. It should be tailored to meet the goals and objectives of the organization
and should identify a way to measure and evaluate results.
Clearly defined objectives provide the parameters and are essential for evaluating
performance. For example, measuring planned against actual accomplishments
indicates whether objectives are met and provides information on the validity of the
process.
Feedback from customers provides a valuable tool for measuring customer satisfaction
relative to the professionalism of the provider and the relevance and timeliness of the
service.
As with any plan, be realistic, periodically review, and make adjustments when
necessary. Think of the plan as being cyclical: define, schedule, allocate, oversee,
measure, and modify or change. Define objectives, schedule times, allocate resources,
oversee the process, define a means to measure and evaluate, and finally, modify or
change. The objective is not to achieve perfection at the outset, but to provide a
framework for building and improving as you progress toward a realistic and workable
plan.
Starting out with a simple plan is easier to implement and allows for more flexibility;
details can be added later. The validity of the plan to reach the objectives should be
23
reviewed during various stages. Consider lessons learned, and don't hesitate to
incorporate changes based on findings from milestone reviews.
As a customer service plan develops, it will no doubt encounter challenges. We plan to
succeed when outlining a strategy to implement our goals, and we must include within
that strategy a plan to overcome obstacles. A lack of funds for training is a significant
challenge for managers today, but most will agree that training is an integral part of
performance. So a strategy to overcome this obstacle might include looking within our
own organizations for answers.
There are individuals within most organizations who have a depth of institutional
knowledge as well as organizational expertise. These individuals will no doubt be very
familiar with the organization's goals and objectives and will be instrumental in
developing the customer service plan. As these experienced individuals train and
mentor less experienced members, many of the organizational training objectives are
accomplished in-house. As with other objectives, the results of measuring and
evaluating the training plan provide a basis to recognize and reward motivation and
promote success.
Implemented correctly, an effective customer service plan leads to a more effective and
efficient workforce. Invaluable knowledge and skills are gained by search--problem
solving is a natural result. Likewise, we gain a greater understanding of what we do and
how it impacts others. Inherent in the process, we learn what others need from us and
how we can support them in their efforts to improve customer service.
The ultimate reward for management is customer satisfaction provided by a skilled and
committed workforce able to solve problems and understand the importance of effective
customer service. Time invested initially results in time saved in the future.
Summary:
There should be no question that we are all customers who rely on each other in
performing our duties. As we consider customer service, we examine the roles of
individuals and organizations and how customer service impacts our ability to perform
our jobs and the ability of organizations to perform their missions. For this reason, it is
24
important that organizational goals and objectives are clearly defined and mirrored in a
customer service plan.
A successful plan is developed and owned by all members of the organization and has
the enthusiastic support of management. Measuring and evaluating actual performance
in relation to objectives provides a "report card" with vital information and leads to
opportunities for management to recognize and reward excellent performance.
Developing a strategy to overcome obstacles such as lack of training funds and time
constraints leads to positive results in efficiency and motivation. The successful
manager turns obstacles into opportunities by capitalizing on the expertise and
commitment to service of those within their organization.
In conclusion, the understanding of and commitment to customer service has farreaching implications, and we as individuals have the ability to make a difference. Let us
accept and focus on individual responsibility as we empower ourselves to make that
difference.
A federal service employee of 19 years, Ramona Butler currently works for the Space
and Missile Defense Command, Kwajalein Support Directorate, Huntsville, Alabama.
She is responsible for the customer reimbursable pro gram for the Reagan Test Site.
Working exclusively with customer funds contributed to her particular interest in this
year's essay topic, "What Is Customer Service?" She holds a bachelor of science
degree in business administration and has completed courses toward a master's degree
in business administration. A former Wiregrass Chapter vice president and president,
Ms. Butler is now a member of the Redstone/Huntsville Chapter of the American Society
of Military Comptrollers. This is her second ASMC essay award, having placed second
for her ASMC essay titled "The Ideal Work Environment."
Measuring Customer Satisfaction
Organizations are increasingly interested in retaining existing customers while targeting
non-customers; measuring customer satisfaction provides an indication of how
successful the organization is at providing products and/or services to the marketplace.
25
combining the "gap" described by Parasuraman, Zeithaml and Berry as two different
measures (perception and expectation of performance) into a single measurement of
performance according to expectation. According to Garbrand, customer satisfaction
equals perception of performance divided by expectation of performance.
Methodologies
26
Excellence framework and which helps define a companys status against eight critically
identified dimensions
28
29
1. (a)
h) Free samples (aka. sampling) e.g. tasting of food and drink at sampling points in
supermarkets. For example Red Bull (a caffeinated fizzy drink) was given away to
potential consumers at supermarkets, in high streets and at petrol stations (by a
promotions team).
(i) Vouchers and coupons, often seen in newspapers and magazines, on packs.
(j) Competitions and prize draws, in newspapers, magazines, on the TV and radio, on
The Internet, and on packs.
(k) Cause-related and fair-trade products that raise money for charities, and the less
well off farmers and producers, are becoming more popular.
(l)
Finance deals - for example, 0% finance over 3 years on selected vehicles. Many
of the examples above are focused upon consumers. Don't forget that promotions can
be aimed at wholesalers and distributors as well. These are known as Trade Sales
Promotions. . Examples here might include joint promotions between a manufacturer
and a distributor, sales promotion leaflets and other materials (such as T-shirts), and
incentives for distributor sales people and their retail clients.
31
3.
LIMITATIONS
1.
respondents.
2.
size is small
3.
32
4.
The project is done for the partial fulfilment of the MBA program.
5.
taken for granted which may not be true because the understanding and
knowledge of various person in the organisation vary from employee to employer
INTRODUCTION OF COMPANY
Company profile
Pantaloon Retail (India) Limited, is Indias leading retailer that operates multiple retail
formats in both the value and lifestyle segment of the Indian consumer
market. Headquartered in Mumbai (Bombay), the company operates over 10 million
square feet of retail space, has over 1000 stores across 61 cities in India and employs
over 30,000 people.
The companys leading formats include Pantaloons, a chain of fashion outlets, Big
Bazaar, a uniquely Indian hypermarket chain, Food Bazaar, a supermarket chain,
blends the look, touch and feel of Indian bazaars with aspects of modern retail like
choice, convenience and quality and Central, a chain of seamless destination malls.
Some of its other formats include, Depot, Shoe Factory, Brand Factory, Blue Sky,
Fashion Station, aLL, Top 10, mBazaar and Star and Sitara. The company also
operates an online portal, futurebazaar.com. A subsidiary company, Home Solutions
Retail (India) Limited, operates Home Town, a large-format home solutions store,
Collection i, selling home furniture products and E-Zone focused on catering to the
consumer electronics segment.
33
Pantaloon Retail was recently awarded the International Retailer of the Year 2007 by
the US-based National Retail Federation (NRF) and the Emerging Market Retailer of
the Year 2007 at the World Retail Congress held in Barcelona.
Pantaloon Retail is the flagship company of Future Group, a business group catering to
the entire Indian consumption space. Pantaloon is not just an organization - it is an
institution, a centre of learning & development. We believe that knowledge is the only
weapon at our disposal and our quest for it is focused, systematic and unwavering.
At Pantaloon, we take pride in challenging conventions and thinking out of the box, in
travelling on the road less traveled. Our corporate doctrine Rewrite Rules, Retain
Values is derived from this spirit.
Over the years, the company has accelerated growth through its ability to lead change.
A number of its pioneering concepts have now emerged as industry standards. For
instance, the company integrated backwards into garment manufacturing even as it
expanded its retail presence at the front end, well before any other Indian retail
company attempted this. It was the first to introduce the concept of the retail
departmental store for the entire family through Pantaloons in 1997. The company was
the first to launch a hypermarket in India with Big Bazaar, a large discount store that it
commissioned in Kolkata in October 2001. And the company introduced the country to
the Food Bazaar, a unique 'bazaar' within a hypermarket, which was launched in July
2002 in Mumbai. Embracing our leadership value, the company launched aLL in July
2005 in Mumbai, making us the first retailer in India to open a fashion store for plus
size men and women.
Today we are the fastest growing retail company in India. The number of stores is going
to increase many folds year on year along with the new formats coming up. The way
we work is distinctly "Pantaloon". Our courage to dream and to turn our dreams into
reality that change peoples lives, is our biggest advantage. Pantaloon is an invitation
to join a place where there are no boundaries to what you can achieve. It means never
having to stop asking questions; it means never having to stop raising the bar. It is an
34
opportunity to take risks, and it is this passion that makes our dreams a reality.Come
enter a world where we promise you good days and bad days, but never a dull
moment!
Big Bazaar was launched in September, 2001 with the opening of three stores in
Calcutta, Bangalore and Hyderabad in 22 days. Within a span of ten years, there are
now 148 Big Bazaar stores in 80 cities and towns across India.
Big Bazaar is designed as an agglomeration of bazaars or Indian markets with clusters
offering a wide range of merchandise including fashion and apparels, food products,
general merchandise, furniture, electronics, books, fast food and leisure and
entertainment sections.
Food Bazaar, a supermarket format was incorporated within Big Bazaar in 2002 and is
now present within every Big Bazaar as well as in independent locations. There are now
169 Food Bazaar outlets, including those located within Big Bazaar.
A typical Big Bazaar is spread across around 50,000 square feet of retail space. While
the larger metropolises have Big Bazaar Familycentres measuring between 75,000
square feet and 1,60,000 square feet, Big Bazaar Express stores in smaller towns
measure around 30,000 square feet.
Most of the Big Bazaar stores are multi-level and are located in stand-alone buildings in
city centers as well as within shopping malls. These stores offer over 200,000 SKUs in a
wide range of categories led primarily by fashion and food products.
Big Bazaar is part of Future Group and is owned through a wholly-owned subsidiary of
Pantaloon Retail India Limited, that is listed on Indian stock exchanges.
Big Bazaar sees no growth problem, upbeat on demand
35
There is no reason for any pessimism on Indian retail market prospects, Sanjeev
Agarwal, the Joint CEO of Big Bazaar, the Future Group chain, said here on Friday.
Speaking to Business Standard at the launch here of their 148th store in the country, he
said the market was far from saturation. We plan to continue opening one to two stores
every month, he said. We are positive on consumer spending.
Agarwal said the chains revenue was growing at 25 per cent yearly. However, he
declined to talk on investments made or being planned.
Ruling out a foray abroad, he said the opportunity in India was quite large and,
therefore, there was no reason to look elsewhere. Our strength lies in knowing the
Indian customer well.
As for the decision by retail chains, including his own, to substitute Reckitt Benckisers
products with their own after the latter cut the sales margins it allowed them, Agarwal
said the shift to in-house brands (he prefers the term private brands to private labels)
was 15 years old, not something triggered recently. We have been running the private
brand programme for 15 years now, he said. The Future Group had always believed in
managing the entire supply chain, he added.
On the protest against the Budget proposal to impose 10 per cent excise duty on
branded apparel, Agarwal refused to comment. Earlier, retailers, including the Future
Group, had said their stores would down shutters on Monday, to express their protest
against the move. No comment, was all that Agarwal said on Friday on the matter.
The Future Group operates other retail chains, too, such as Pantaloons, Food Bazaar,
Central, Home Town and eZone. It also has a presence in other segments such as
consumer finance, insurance, logistics, brand development, and infrastructure. Future
Group CEO Kishore Biyani had recently said stake sale was a possibility in some non-
36
core assets, to be able to raise between Rs 2,500 crore and Rs 4,000 crore. The
Groups overall debt was pegged at Rs 4,800 crore, according to reports.
The Future Group is believed to be in talks with French retail major Carrefour for a joint
venture, but that can only happen after the government opens multi-brand retail to
foreign investment. Carrefour has, meanwhile, entered India in the wholesale business,
and has opened one outlet in the capital. Up to 100 per cent foreign direct investment is
allowed in the wholesale business, up to 51 per cent FDI in single-brand retail, and no
foreign investment is permitted in multi-brand retail.
37
Old furniture can be sold for up to Rs. 12,500 depending upon the quality and condition
of the furniture. Big Bazaar is also accepting old luggage for Rs. 100 per bag. Old shoes
can also be sold back to them at Rs. 50 per pair. Even the old and worn out tyres can
be sold with this Great Exchange Offer at Rs. 50 per tyre. The old leather goods is
accepted at Rs. 80 per kg and any other old products, scraps or junks can be sold for
Rs. 50 per kg.
Exchange Coupons
You will be issued with the special exchange coupons which you can use at the
respective Big Bazaar stores. You can use these exchange coupons for the shopping at
4 to 10 times the value of the exchange coupons. The rates at which you can shop
varies from each section at Big Bazaar like the Food Bazaar, Electronics Bazaar,
Furniture Bazaar, etc.
The old merchandise or scraps that you are giving should have some resale value and
they reserve the complete rights to buy them as they can even reject some of the old
junk that you bring.
Not Valid On
This exchange coupon or this offer is not valid on for purchase of gold or certain
products or categories inside the store and they reserve the full rights to deny or accept
your exchange coupons for the same. If you want to use those exchange coupons to
purchase mobile phones, then your purchase value should be at least 25 times the
value of the coupon.
Future Group
38
Future Group is one of the countrys leading business groups present in retail, asset
management, consumer finance, insurance, retail media, retail spaces and logistics.
The groups flagship company, Pantaloon Retail (India) Limited operates over 10 million
square feet of retail space, has over 1,000 stores and employs over 30,000 people.
Future Group is present in 61 cities and 65 rural locations in India. Some of its leading
retail formats include, Pantaloons, Big Bazaar, Central, Food Bazaar, Home Town,
eZone, Depot, Future Money and online retail format, futurebazaar.com.
Future Group companies includes, Future Capital Holdings, Future Generali India Indus
League Clothing and Galaxy Entertainment that manages Sports Bar, Brew Bar and
Bowling Co. Future Capital Holdings, the groups financial arm, focuses on asset
management and consumer credit. It manages assets worth over $1 billion that are
being invested in developing retail real estate and consumer-related brands and hotels.
The groups joint venture partners include Italian insurance major, Generali, French
retailer ETAM group, US-based stationary products retailer, Staples Inc and UK-based
Lee Cooper and India-based Talwalkars, Blue Foods and Liberty Shoes.Future Groups
vision is to, deliver Everything, Everywhere, Every time to Every Indian Consumer in
the most profitable manner. The group considers Indian-ness as a core value and its
corporate credo is- Rewrite rules, Retain values
39
MANAGEMENT STYLE
The organization structure for Big bazaar is flat in nature. For Big bazaar, the divisions
are apparel, non apparel and the new business division, which includes gold, footwear
and the shop-in-shops. For Food Bazaar, a separate teem has been created which
again works independently.
About 1,800 people work for Big bazaar directly. Support and ancillary services
comprise another 400 people. A new trainee is put through a basic three day training
program before going on the shop floor. Evaluation is done every six months.
40
THE STRATEGY
Saving is key to the Indian middle class consumer. The store, which would be created,
had to offer value to the consumer. Keeping this in mind, the concept of Big bazaar was
created.
In India, when a customer needs some thing for the home, a typical thought is to seek it
from the bazaar. A bazaar is a place where a complete range of products is always
available to the consumer. This is true across India. As the store would offer a large mix
of products at a discounted price, the name Big bazaar was finalized. The idea was to
re-create a complete bazaar, with a large product offering (at times modified to suit local
needs) and to offer a good depth and width in terms of range. The mind to market for
the first store was just six months.
Price was the basic value proposition at Big bazaar. The Big bazaar outlets sold a
variety of products at prices, which were 5 to 60 percent lower than the market price.
The line
A retailer or retail store is any business enterprise whose sales volume comes primarily
from retailing. Retail organizations exhibit great variety and new forms keep emerging.
There are store retailers, non store retailers, and retail organizations. Consumers today
can shop for goods and services in a wide variety of stores. The best-known type of
retailer is the department store. Japanese department stores such as Takashimaya and
Mitsukoshi attract millions of shoppers each year. These stores feature art galleries,
cooking classes, and childrens playgrounds.
A retailer is at the end of the distributive channel. He provides goods and service
to the ultimate consumers. This he does through his small organization, with the help of
a few personnel. In an individual retail store there is not much scope for organization
except in the sense that the shopkeeper has to organize apportions his time and
resources. The need for organization becomes essential as soon as he hires people o
enters into partnership or takes the help of members of his family in running his store. A
41
RETAIL
Retailing is the set of business activities that adds value to the products and services
sold to the consumer for their personal or family use.
a "retailer" buys goods or products in large quantities from manufacturers or importers,
either directly or through a wholesaler, and then sells smaller quantities to the end-user.
Retail establishments are often called shops or stores. Retailers are at the end of the
supply chain. Manufacturing marketers see the process of retailing as a necessary part
of their overall distribution strategy. The term "retailer" is also applied where a service
provider services the needs of a large number of individuals, such as a public utility, like
electric power.
42
Retail formats and companies are now major factors in the industry.
The key to successful retailing is offering the right product, at the right price, in
the right place, at the right time, and making a profit.
Retailers must understand what customers want and what competitors are
offering now and in the future.
To compete against non-store retailers, stores are now becoming more than just
places to buy products.
Retail managers today must make complex decisions on selecting target markets
and retail locations, determining what merchandise and services to offer,
negotiating with supplier and distributing merchandise to stores, training and
motivating sales associates, and deciding how to price, promote and present
merchandise.
43
RETAIL MIX.
The retail mix is the combination of factors retail used to satisfied customer needs and
influences their purchase decision. Its include the type of merchandise and services
offered, merchandise pricing, advertising, promotional programs store design
merchandise
display, assistance
to
customer
provided
by salespeople,
and
Retail mix is the term used to describe the various elements and methods
Retail managers must determine the optimum mix of retailing activities and co-
The aim of such coordination is for each store to have a distinct retail image in
consumers mind.
The mix may vary greatly according to the type of the retailer is in, and the type
of product/services.
While many elements may make up a firms retail mix, the essential elements may
include:
Store location,
merchandise assortments
Store ambience,
customer service,
price,
44
Personal selling
Store image
Store design
Sales incentives
People
Process
Composition of retail mix
Place
Product
Price
Promotion
People
Process
Physical Environment
Key element
1)Place (store location)
Target market
Channel structure
2)Product (merchandise)
Product development
Product management
45
Channel management
Retailer image
Branding
Retail logistics
Retail distribution
Packaging
3)Price
4)Promotion
Costs
Profitability
Advertising management
Sales promotion
Competitiveness
Sales management
Incentives
Public relations
Quality
Status
After-sales services
Direct marketing
5)People element
Staff capability
Efficiency
Availability
6)Process element
Order processing
Database management
Service delivery
46
Effectiveness
Queuing system
Customer interaction
Standardisation
Internal marketing
Setting objectives
Maximising revenue
Maximising profit
Minimising costs
47
Approaches to planning
Top down approach
Retail management sets goals and plans for all levels of management.
Bottom up approach
Various units prepare own goals and plans sent up for approval.
It is the effective blending of all the elements of retail mix activities within the
retail organization that determines the success of retail management. Discuss this
statement and explain with retail examples how the elements of retail mix could be
blended to ensure the success of retail operation.
48
RESEARCH METHODOLOGY
TITLE OF THE STUDY
EFFECTIVENESS OF RETAILING MIX IN BIG BAZAAR AND
CUSTOMER
OBJECTIVE OF STUDY
PRIMARY OBJECTIVE :
To study the effectiveness of retailing mix in the store.
SECONDARY OBJECTIVES :
Type of research
Descriptive
Type of data
Primary data
Sampling
Convenient sampling
Sample size
100
1.
2.
3.
4.
5. The survey was conducted in very general way as no other variable such as their
education level, occupation and sex.
good.
Discounts and offers doing well in the store.
In offer days the store management is good.
Home delivery services are not used by customer.
Product display and signage is good.
Quality in products is not up to the mark.
Location of big bazaar is outstanding. It is situated central business district (CBD)
Parking facility in big bazaar is good.
Cleanliness and hygiene maintained in the store is up to the mark
Once
b)
Twice
23
c)
Thrice
d)
25
e)
As per requirement
37
40
35
30
25
20
15
10
5
0
37
25
23
7
INTERPRETATION:
52
Out of 100 respondent, 37% people visit the store when they have some requirement
and 25% are visited more than thrice, 23% visited two times in month and 7% & 8%
people visited one and three times in a month respectively. Most of them regularly visit
big bazaar.
Maximum number of people visited store frequently
outstanding
b)
Excellent
21
c)
Good
43
d)
Average
32
e)
Bad
43
45
40
32
35
30
21
25
20
15
10
5
0
outstanding Excellent
Good
Average
INTERPRETATION:
53
Bad
Out of 100 respondent, 43% people has good shopping experience in big bazaar,32%
has average and 21% people has excellent. But 1% has outstanding shopping
experience and 3% has bad shopping experience.
outstanding
b)
Excellent
28
c)
Good
44
d)
Average
22
e)
Bad
44
45
40
35
28
30
22
25
20
15
10
5
0
outstanding Excellent
Good
Average
INTERPRETATION:
54
Bad
Out of 100 respondents, Over all 31% customer are satisfied by the availability of brand
and products in big bazaar,66% customer product availability is average rest said it is
bad.
Some people think there is no good brands and products availability in big bazaar.
Especially in apparels.
Q4. Ambience & atmosphere inside the store is !
a)
outstanding
b)
Excellent
27
c)
Good
41
d)
Average
21
e)
Bad
41
45
40
35
27
30
21
25
20
15
10
5
0
outstanding Excellent
Good
Average
55
Bad
INTERPRETATION:
Out of 100 respondents, Ambience & atmosphere inside the store is good feel by 41%
customers, 27% feel it is excellent and only 3% feel outstanding. But 27% customers
are not satisfied by the ambience & atmosphere inside the store of big bazaar.
Due to much noisy and unpleasant environment some of the customer irritates.
Atmosphere is really good
Q5. Discounts and offers served in big bazaar is !
a)
outstanding
b)
Excellent
32
c)
Good
36
d)
Average
23
e)
Bad
36
40
32
35
30
23
25
20
15
10
7
2
5
0
outstanding Excellent
Good
Average
56
Bad
INTERPRETATION:
Out of 100 respondents, Discounts and offers served in big bazaar is good said by 36%
customers, 32% feel it is excellent and only 7% feel outstanding. But 25% customers
are not satisfied by Discounts and offers served in the big bazaar.
outstanding
b)
Excellent
19
c)
Good
38
d)
Average
28
e)
Bad
38
40
35
28
30
25
19
20
15
10
5
0
outstanding
Excellent
Good
Average
57
Bad
INTERPRETATION:
Out of 100 respondents, Maximum number of respondent i.e. 64% is satisfied by Home
delivery services of big bazaar rest 36% is not satisfied.
Some customer never used this facility.
outstanding
29
b)
Excellent
32
c)
Good
22
d)
Average
13
e)
Bad
32
35
29
30
22
25
20
13
15
10
4
5
0
outstanding Excellent
Good
Average
58
Bad
INTERPRETATION:
Out of 100 respondents, 61% is highly satisfied with location of big bazaar in city, 22%
is satisfied and only 17% is not satisfied.
Location of big bazaar is outstanding. It is situated central business district
(CBD).
outstanding
b)
Excellent
36
c)
Good
40
d)
Average
14
e)
Bad
2
40
36
40
35
30
25
20
14
15
10
8
2
5
0
outstanding Excellent
Good
Average
59
Bad
INTERPRETATION:
Product display and signage in the store is highly satisfactory according to 44% of the
respondent, satisfactory according 40% of the respondent rest 16% are not satisfied
with it.
Customers are satisfied with Product display and signage in the store.
outstanding
b)
Excellent
29
c)
Good
39
d)
Average
25
e)
Bad
60
39
40
35
29
30
25
25
20
15
10
5
0
outstanding Excellent
Good
Average
Bad
INTERPRETATION:
Out of 100 respondent, 39% people has good shopping experience in big bazaar, 25%
has average and 29% people has excellent. But 3% has outstanding shopping
experience and 4% has bad shopping experience.
Maximum numbers of people has a better experience of shopping in offer days.
Some customer do not enter in store due to heavy rush
Outstanding
b)
Excellent
21
c)
Good
49
d)
Average
23
e)
Bad
61
49
50
45
40
35
30
23
21
25
20
15
10
5
0
outstanding Excellent
Good
Average
Bad
INTERPRETATION:
74% of the respondents are satisfied by the sales persons and promoters in the store
rest 26% respondents are not satisfied by the sales persons and promoters in the store.
Sales persons and promoters behave well with customer
Q11.The parking facility in bag bazaar is!
a)
outstanding
17
b)
Excellent
29
c)
Good
32
d)
Average
17
e)
Bad
62
32
35
29
30
25
20
17
17
15
10
5
0
outstanding Excellent
Good
Average
Bad
RECOMMENDATIONS
Create awareness & manage home delivery services properly.
There should be proper assortment of various product categories.
Proper signage should be there so that customer can locate the products easily.
Cleanliness and hygiene should be maintained regularly.
Proper training should be provided to sales person so that they can deal with the
customer efficiently.
Various schemes and offers can be provided to them and attract new customers
(Use pull strategy).
No. of cash counter needs to be increased keeping in view customer traffic
intensity.
Quality in products should be increased up to mark.
63
QUESTIONNAIRE
Q1. In a month how many times you visit big bazaar ?
a) Ones
b) twice
c) Thrice
e) As per requirement
d) Average
b) Excellent
e) Bad
64
a) Outstanding
b) Excellent
c)Good
d) Average
e) Bad
b) Excellent
c)Good
d) Average
e) Bad
b) Excellent
c)Good
d) Average
e) Bad
b) Excellent
c)Good
d) Average
e) Bad
65
a) Outstanding
b) Excellent
c)Good
d) Average
e) Bad
b) Excellent
c)Good
d) Average
e) Bad
b) Excellent
c)Good
d) Average
e) Bad
b) Excellent
c)Good
d) Average
e) Bad
66
Conclusion
Big bazaar offers a wide variety of products of different prices and different quality
satisfying most of the customer.
Prices and offers in big bazaar have been one of the main attraction and reason for its
popularity. The price ranges and the product offered are very satisfying to the customer.
Considering the fact that there are huge middle class familier in India big bazaar had a
huge impact on the middle class section of India, the price, variety and sales strategy
has helped in getting the middle income group getting attract toward big bazaar.
The store layout and the assortment of goods is not the best at big bazaar customer find
it hard to find what they require, this needs desire of customer.
67
Customers are not aware and hence dont avail added service provided by the store.
Customers are more satisfied with the merchandising present in the food bazaar and
house hold utensils section.
Big bazaar are not acclaimed for high class services the staffs requited is not very well
trained and the billing queues take a long time to move, this irritates customers which
makes them visit the store more seldom.
BIBLIOGRAPHY
BOOKS:
Kishore Biyani (2007) , It Happened In India (1 st edition), Rupa publications.
Stephen covey (1994), The seven Habbits of Highly Effective People (6 th edition),
Simon&Schuster UK Ltd.
Anthony Robins(1992), Awaken The Gaint Within you (1 st edition), Simon&Schuster UK
Ltd.
Robbins, Stephen P. (2004), Organizational Behaviour (10 th edition), Prentice-Hall India.
Websites:
www.pantaloon.com
68
www.futuregroup.com
www.pantaloonretail.in
www.bigbazar.org
69