k&ns analysis of company financial and analytically , and statistical
DESCRIPTION
report on K&N's fianacial , analytical and statistical analysisTRANSCRIPT
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INTRODUCTION: The year 1964; Pakistan a young independent nation forging ahead towards a dream: self sufficiency in food production. Malnutrition remained a major problem and one out of four children died before attaining the age of five. 80% of ailing children were affected with diseases caused by protein, vitamin and mineral deficiency. Poultry production, the quickest and least expensive way of filling the protein gap was planned to overcome malnutrition. Backyard poultry farming had to graduate to a more professional level. January 1964, a young man, Khalil Sattar, still a college student, had the vision to foresee a need to establish poultry farm of 1,000 chicks. Little had he known his flock was to become the foundation stone of K&N’s?
This was the simple, inspired and nationalistic beginning of K&N’s with a single-minded
objective of providing better nutrition for Health and Happiness of the Nation. Following
are the business activities of K&N’s Pakistan:
1. Poultry Breeding
2. Hatching
3. Broiler Growing
4. Feed Milling
5. Poultry Processing
6. Distribution Systems and K&N’s Chicken Stores
7. Quality Assurance Lab
8. Poultry and Diagnostic Research Institute
Keeping the business activities in mind, following are the product lines of K&N’s Chicken
in Pakistan:
1. Ready-to-cook Products
2. Fully cooked Products
3. Deli Line Products
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Category of K&N’s:
Process
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COMPANY’S BACKGROUND
K&N’s is the founding pillar and beacon for Pakistan poultry industry- started in 1964
with a single minded objective of providing better nutrition for health and happiness of the
nation. Building on years of poultry expertise, and a commitment to food-safety, K&N’s
integrated all poultry production activities under one umbrella to ensure quality and food-
safety by managing and controlling all stages of production.
PROBLEM STATEMENT:
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The sales are declining as compared to previous years. After reviewing the financial
statement we come to know that the sales was in peak in 2008 but in from 2009 to
there is decline of sales turnover and profitability ratio is also low.
RESEARCH OBJECTIVES: The objectives of a research project summarize what
is to be achieved by the study. These objectives should be closely related to the
research problem. The general objective of a study states what researchers expect to
achieve by the study in general terms. It is possible (and advisable) to break down a
general objective into smaller, logically connected parts. These are normally referred
to as specific objectives. Specific objectives should systematically address the various
research questions. They should specify what you will do in your study, where and
for what purpose.
Management question: why there in decline in sales?
Research question: how can we increase our sales turnover and overcome
effectively that situation.
Investigative question:
Should we introduces new prices or implement the incentive bonus to attract
customer.
Should we consider developing better taste as Pakistani people prefer to eat
spicy food?
Is it needed to improvement in supply chain management?
Methodology
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This section presents an overview of the methods to use in the study. Areas covered include
the research design, population, sample and sampling techniques, data collection and
analysis.
1. Sampling design : For the study, a sample size of 50 people has been taken into
consideration. The aim was to collect 50 samples for the analysis. The samples
should be such that they are consumers of K&N’s products. We also tried to get an
adequate ratio of men and women in the samples. The main demographics targeted
were the younger age group as they are one who consumes more of K&N’s products.
Also we tried to focus more on the college going crowd and young professionals.
Buyers who have been consuming products were better able to answer the questions
regarding the influencing factors and the reasons for their consumption and Purchase.
We distributed 50 questionnaires among different age groups or segments
20 among the students
10 among the teachers
14 among the job oriented people and
6 among the business class
2. Research design A research design is a framework or blueprint for conducting
the marketing research project. It specifies the details of the procedures necessary for
obtaining the information needed to structure and/or solve marketing research
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problem. The research design used in this project is a Descriptive, causal and
exploratory design .
Descriptive Study: as the name implies is designed to describe something-for
example the characteristics of users of a given product, the degree to which
the product use that varies with income, age. People respond in a very positive
way to the products of K&N’s. There is a very high market potential for the
products of K&N’s. Through research it was found that pricing was an issue
that needed to be considered.
Causal Research:
We did research and collected primary data from people to find out that what the
things that can affect the sales of . There are various factors involved that the target
customers were looking for like the type of packaging, pricing
Exploratory Research:
In exploratory research we gathered information from the people that whether they
liked the K&N’s products and if they want any type of changes in the product like
people gave the feedback as well.
3. DATA COLLECTION: data collection involves the sources from
which data has been collected.
PRIMARY DATA:
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Questionnaire: Primary data was collected by preparing questionnaire and the people
requested to fill them. We design questionnaire containing ten questions regarding the
satisfaction levels with K&N’s products and service. We collected from different
people who use K&N’s products to know their response and ask for suggestion and
improvement they want.
Interview: we interview from different outlets of K&N’s and ask the supplier about
the sales of these products and having any customer complaints about these recopies.
SECONDARY DATA:
Internet: as company policies, procedures, and rules obtained from the organization’s
record and documents. Data collected was internal and also external to the
organization and accessed through the Internet.
Literature review: from recorded and published information, Newspapers,
Periodicals and libraries. we search from different books and review different article
from internet .
4. Data analysis:
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Research AnalyzationQ.01 Have you ever used K & N's chicken
product?
Yes 90%No 10%
Q.2 How often do you use K & N’s products?
0
0.1
0.2
0.3
0.4
0.5
0.6
Once in a week 10%Once in a month 30%Daily 10%Rarely 50%
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Q.04 Are you satisfied with the current prices of product?
Q.05 How much you are satisfied with the qual-ity of products?
Very satisfied 30%Satisfied 60%Neutral 8%Dissatisfied 2%
Q.06 Do you want more taste/varieties in K & N’s recipes?
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0
0.2
0.4
0.6
0.8
1
1.2
Yes 97%No 3%
5. Data limitations: The research efforts, which our group has made, in this
research we faced some problems, which are:
1) We faced difficulties in collecting primary data.
2) It was difficult to collect the correct information.
3) There was a less response by the owners of K & N’s.
4) Convincing and collecting the information from technical person has been a hectic
task.
5) They were a bit shaky about answering all the questions, which we strived to, write in
our questionnaire.
6) Finding out accurate information made us exploring the world of internet as well as
going from one place to the other.
7) It was very difficult to meet the standard format of the project as for as designing and
composing is concerned.
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Findings:
Summary and conclusions: after the financial analysis we found that there is
decrease in sales as compared to previous year so we conduct research on
that.
As we can analysis the sales from the graph as shown:
As survey was conducted and according to that it is observed that 60% people
are satisfy with the product quality and are definitely going to used K&N’s
product again because of its :
Basic values
Products
Quality
Affordability
Availability
And it is making your life easier by:
Serve unexpected guest.
Life not restricted to your kitchen only
Stomach grumbling in the middle of the night.
Time saving
No dirty hassle
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Perfect taste
But people having complaints with the current prices of K&N’s product and they
want more taste and recopies.
Recommendations:
After all analysis of data we recommend to that there should be
reconsideration on price level as we know there is tough competition in
customer can easily divert to other substitutes available just because of price
level .so they should keep price low and quality high to retain the existing
customer and attract new customers .
Another thing which was observed during whole research was that the people
want more recopies and tastes in K&N’s products as we know most of
Pakistani people like spicy food so there is need for develop more taste.
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Appendices
Sampling
Sampling is that part of statistical practice concerned with the selection of a subset of
individuals from within a population to yield some knowledge about the whole
population, especially for the purposes of making predictions based on statistical
inference.
Survey: A survey is a data collection tool used to gather information about
individuals. A survey may focus on factual information about individuals, or it might
aim to collect the opinions of the survey takers.
Research proposal a research proposal is to show that the problem you propose to
investigate is significant enough to warrant the investigation, the method you plan to use
is suitable and feasible, and the results are likely to prove fruitful and will make an
original contribution. In short, what you are answering is 'will it work?
Bibliography: A bibliography is a list of books, articles, and other sources you use when researching atopic and writing a paper. The bibliography will appear at the end of your paper. Bibliography entries will include:
Author Title of your source Publication information Date
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Bibliography:
K&N's - Safe and Healthy Chicken. Web. 11 May 2011. <http://www.kandns.com/>.
"Business Research Methodology (With Cd)." Web. 11 May 2011. <?id=3G6wPaCU5SAC>.
Cooper, Donald R. "Business Research Methods." Google Books. Web. 11 May 2011. <http://books.google.com.pk/books?id=_4zWAAAAMAAJ>