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TRANSCRIPT
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Presentationon Summer internshipproject
Presented By
Kiran S. Sawant
MMS-2 year(Marketing)
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4. Conclusion and Suggestion
3.Company information and finding Analysis
Table of Contents
2. Scope, Limitation and literature review
1. Introduction(Title, problem stmt,objective and Hypothesis)
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Title
DEMAND ANALYSIS OF HONEYWELL PRODUCT
AND PERFORM SERVICE ANALYSIS WITH
REFERS TO THANE AREA
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Problem Statement
To analysis Demand of Honeywell product and perform service analysis withrefers to Thane area
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Objective
To determine and analyze the Market Potential of the Honeywell Company in
Thane
TO measuring demand and putting strategy in market
To identify the factor which influence the purchase decision of customer with
product and Services.
To study and determine the competitor position in the market.
To Recommendations on how to increase the sales of the company product and
how to cater the recruitment of the people via distributor and retailers
To find out the opportunity and captures the market
To analysis distributor relationship and distributor channel with product and
services in the market
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Hypothesis
Null Hypothesis:-
Honeywell has higher product demand in the market
Alternative Hypothesis:-
Honeywell has lower product demand in the market rather than
competitor
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Scope of The Projects
There is a Scope of future and detailed Study of the more retail outlets of other
territories to study buying and consumption pattern of particular segment in thatregion and also the impact of communication in that region.
There is a wide scope to study the marketing activity of other small and big
companies in the other parts of country which would reveal how and why the
particular brands are successful in particular regions only.
This study helps to Security System Services industry to know the market
position of different companies.
The scope of a research project outlines the extent of the project and the
requirements necessary to achieve the goals and objectives of company
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Limitation of The Project
The limitation faced while doing a research was that the people were not ready togive the information.
Sometimes the required persons were not available in their office or place
The respondents use to refuse to give the important information best known to them
The sources of data collection and time are limited in this research.
Some respondent in corporate offices hesitate to give complete information.
Some respondent has not given proper information. Unavailability of visiting cards
from some respondent.
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Literature Review
1. Supply chain management
Authors Name Rahul V. Altekar
2. Consumer behavior (4 edition)
Authors Name DAVID L. Loudon and Albert J
3. Sales Management (decision, Strategies and Cases) Fifth Edition
Authors NameRichard R.Still
4. Marketing management, Introduction to Sales Management. 13 Editions
Authors Namephilip kotler, kevin L. keller, Abraham koshy.
5. Marketing Management
Authors Name Dr.K. Karunakaram
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Company Information
Honeywell International is a diversified technology and manufacturing leader, serving
customers worldwide with aerospace products and services; control technologies forbuildings, homes and industry; automotive products; turbochargers; and specialty
materials.
Products Businesses:
The company's largest business segment is Honeywell Aerospace.
Honeywell's Automation and Control segment includes home and industrial heating,
ventilation, and manufacturing process products.
Honeywell's building controls, life safety, and security businesses; for Specialty
Materials, the company wants to continue restructuring and exiting non-core
businesses
Transportation sector, Honeywell plans to increase its market share in the OEM
turbocharger market, reinvigorate its friction materials business, and focus on its
consumer products.
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Different divisions of the company:
Honeywell Process Solutions:
Industry leader in the areas of process knowledge systems, safety systems,
simulation technology, wireless field devices, integrated facility and process
security systems.
Honeywell Building Solutions:
Honeywell Building Solutions (HBS) is the largest and most technically skilledbuilding solutions player in the Indian sub-continent.
Global Engineering Services:
Provides a complete range of high quality and optimal cost engineering, software
development & programming and hardware design with total focus on quality.
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Finding and Analysis
What is reason of buying Honeywell Products
According Survey most of people buying Honeywell products because of company
giving services ,quality ,price and others factors but 38 % people buying products
because of company giving good services to customers and service like pre sales as
well as after sales services
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Which products are available in the shop
According Survey finding out in retailer shop most of Honeywell products is
available in market with 47 % market shares of Honeywell Company in thane
area And Samsung having 26% market shares because of its brand name and
quality from so many years .Siemens having 17% market share As well as
Voltas having 10% market shares.
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Conclusion
There is a huge competition in the market in this field mostly from local brands in
terms of price and availability.
Profit margin of the retailers by selling of Honeywell product is lower than the
other competitors in the market.
Most of the customers purchase decision depends upon the quality and services of
products as well as Time availability also affects their purchasing decisions.
Most of the customers are attracted towards Honeywell products because company
giving good services comparison to competitors and highly demand by the customer.
The high cost of the product result in decrease the sale as well as demand of
products also low in the market
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Suggestion
The company should reduce the cost of their products and the margin of the retailers
should be increased.
There should be proper channel of information, whenever any scheme is introduced
by the company for the retailers, they should be properly informed about the scheme.
Increase number of distributors in the area like thane, navi Mumbai and vashi
The Salesman should at least visit once in a weak to those retailers which doesnt
stock
Honeywell products with some new offers and schemes to increase the market share.
Increase company recognition through a national advertising campaign.
Company should target each and every class of the society
Company should provide full information to the customers before targeting so they
can take interest
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