STPR
STPR
ON
by
ARYAN RAJ
2301920700085
Session 2024-25
(Candidate Signature)
GL BAJAJ INSTITUE OF
TECHNOLOGY & MANAGEMENT
Approved by A.I.C.T.E. & affiliated to Dr. A.P.J. Abdul Kalam Technical University
CERTIFICATE
degree from Dr.A P J Abdul Kalam Technical University, Lucknow (U. P.).
I wish him/ her all the best for his/her bright future ahead.
Project Supervisor
Department of Management Studies
Head of Department
Department of Management Studies
ACKNOWLEDGEMENTS
The internship opportunity I had with Outlook Publish India PVT LTD.as a great chance for learning and
professional development. Therefore, I am also grateful for having a chance to meet so many wonderful people
Bearing in mind the previous I am using this opportunity to express my deepest gratitude and special thanks to
the
Mr. Rajan Raheja of XYZ who in spite of being extraordinarily busy with his duties, took time out to hear, guide
and keep me on the correct path allowing me to carry out my project at their esteemed organization and
I express my deepest thanks to my mentor Dr. Satish Kumar for taking part in useful decisions & giving
necessary pieces of advice and guidance to make the project easier. I choose this moment to acknowledge her
contribution gratefully.
I am using this opportunity to express my gratitude to Dr. Vikash Tripathi (HOD) who supported me throughout
the course and constantly reviewed my work and provide guidance of this MBA project.
INDEX
SR. NO TITLE PAGE. NO
1. 1-10
EXECUTIVE SUMMARY
2. 11-20
Company Overview
3. 20-22
Industry Profile
4.
Introduction to the project 23 -26
5. 27-56
Data analysis and Interpretation
6. Recommendations 57-64
7.
ROLES AND RESPONSIBILITIES 65-66
8. 67-68
Findings
9. Learnings 69
EXECUTIVE SUMMARY
Outlook India. is integral part of the RAHEJA GROUP which made its start in the
development business and subsequent to building an enormous presence in the housing
market, the gathering differentiated horizontally into assembling, monetary administrations
and media. The magazine division of Outlook comprises of OUTLOOK ENGLISH, OUTLOOK
MONEY, OUTLOOK Traveler, OUTLOOK HINDI, OUTLOOK BUSINESS.
The Outlook Group is one of the best publishing houses in India. Outlook is a well-known
brand which is appreciated all over the world. Outlook is owned by Mr. Rajan Raheja and is
being published in Delhi since 1995 by the Outlook Group with Mr. Vinod Mehta as the editor
in chief. Currently Mr. Rajesh Ramachandran is the editor in Chief. Outlook has its
branches in New Delhi, Kolkata, Bangalore, Mumbai, Chennai and Hyderabad, with New
Delhi being the head office of the Outlook Group. It is one of the top magazine publishing
company in India blessed with talented editorial team. The magazine is known for its
unbiased content and portfolio. Outlook English (weekly) which is the flagship magazine of
Outlook Group secured 7th most read English magazine in India (Indian Readership Survey
2017).
Like its other peers, the company is also a victim of sudden trend change in the world. The
company is struggling to compete with its substitutes like TV, internet and newspaper. The
company incurred a huge loss of Rs 7.8 crore in FY2017. The company have taken some
actions like introducing digital magazine and increasing social media presence. The company
is going through some major flaws in its subscription department. The problems like late
delivery, repetitive calls and miss-commitment are degrading the company’s goodwill in the
market. Internship is very essential for every MBA student as it gives a glimpse of corporate
culture to a student. In this internship at Outlook Publishing (India) Pvt. Ltd. we learnt the
practical application of the marketing approaches.
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Started in 1995 by Mumbai Based Raheja Group with Mr. Vinod Mehta as Editor-in-chief
at a time when print media was losing its sheen due to advancement of Satellite
Television, however within four years of its inception, Outlook English (Weekly) become
the fourth most read news Magazine in terms of Readership and expanded its footstep in
Money, Travel and Business Domains.
As per the Indian Readership survey 2014, Outlook English stands Sixth in Top Indian English
Magazines with a 425,000 Readership, Overall the Outlook Group has 1.5 Million Readership
1and in terms of subscription it stands second after India Today Group.
Outlook India head office is in New Delhi and it features contents from Politics, Sports,
Cinema and stories of broad interests.
Name Status
Outllook Weekly English Continue
Outlook Weekly Hindi Continue
Outlook GEO Discountinued
Outlook Profit Discountinued
Outlook Marie Claire Discountinued
Outlook People Discountinued
Outlook Newsweek Sold
Outlook Business Continue
Outlook Money Continue
Outlook Traveller Continue
Outlook Careeers 360 Sold
Most of the Products which have been discontinued by outlook group were Market
leaders in their respective segments, however the revenue generated from those
products was not sufficient to run the business and the story is more or less similar for
Print media in India or Abroad.
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Outlook The premium fortnightly that packs market intelligence & incisive analysis of
Profit the stock market, while capturing emerging trends & tracking market
experts & their moves. This magazine tells you which stock you should buy or
avoid, also contains comparative figures of domestic and international
market, and if you want to update your knowledge related to automobiles
and movie reviews then this is one of the best magazines for our readers.
Current Status: Discontinued
Outlook The OUTLOOK Group has reached an agreement with U.S. based
People publishing company Time Inc. to bring ‘People’, one of its most successful
and popular editorial products to India in 2008. Time Inc. which is the
largest publisher in the U.S. and U.K, redefined personality journalism in
1974 with ‘People’ magazine and its unique mix of news and lifestyle
features.
Every week the ‘People’ brand reaches 43 million readers with latest news,
exclusive interviews and in-depth reporting on the most compelling people
of our time.
Outlook OUTLOOK Business, in the true tradition of the OUTLOOK group, has
Business as its aim no less an objective than the complete rewrite of what has
been tried by the way of business journalism in the magazine space.
Targeted at decision makers, the product focuses on important business
issues and developments with a view to providing clear takeaways –
impact and implications for decision-making. A holistic approach ensures
all influences on business: economic, political, and markets driven are
examined.
Newsweek It‘s a weekly magazine. It covers international affairs this magazine was
honoured by best magazine award at international level in 05. News week
offers comprehensive coverage of world events with a global network of
correspondents, reporters and editors covering national and international
affairs, business, science and technology, society and arts
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The only thing which makes this internship unique from others is its internship structure
which allows an intern to think and execute the task in the way he/she wants.
The interns at Outlook Group feel as they’re the integral part of the organization. The interns
are also rewarded with 10% commission on every sale they convert. Apart from this, interns
are supposed to address the customer’s grievances and resolve them. The interns are exposed
not only to just sales, but also marketing. This internship indeed requires hard work and
dedication as selling a product which isn’t a necessity is difficult.
Most of new target group has not effectively dismissed buying in, however essentially need
serious persuading. Also, membership offers development for openings, yet customer
attention to them seems, by all accounts, to be somewhat low and promotion offering cycle
could be made to be a greater amount of an "occasion" and to give the beneficiary more
decision and opportunity in their little determination. In addition, it was inferred that there
are a ton of potential customers who need slightly additional something to cause them to buy
in towards magazine.
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Company Overview
Introduction to Company
The Outlook Group is one of India's driving publishing houses with 5 backbone titles. Viewpoint
is India's most energetic present undertakings and news magazine dispatched in 1995. Known
for its striking and forceful revealing it constantly brings up issues many had to them yet never
set out to inquire. Standpoint Business is an adroit, intriguing, convincing, top to bottom
business magazine which conveys new viewpoint, combined with an all-encompassing
methodology. Standpoint Money, India's No.1 individual accounting magazine, offers inside
and out examination and sound guidance on all features of contributing great, acquiring
carefully and spending cleverly. Standpoint Traveler is a dig of data for the genuine voyager,
staying up with the latest with the most recent patterns in movement and the travel industry.
Postcard pretty visuals, down to earth guidance and air travel encounters make Outlook
Traveler a charming and reviving read.
History
Vinod Mehta was the editor in chief when Outlook published its first magazine in October
1995. It is owned by Rajan Raheja Group. The publisher group is Outlook Publishing (India)
Pvt. Ltd.
It talks about sports, politics, story and cinema, of broad interests.
1
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OUTLOOK WEEKLY
OUTLOOK BUSINESS
OUTLOOK TRAVELLER
OUTLOOK HINDI
OUTLOOK MONEY
Outlook magazines feature content from politics, sports, cinema, and stories of broad
interests. By December 2018. Outlook magazine's Facebook following had grown to
over 12 lakh (1.2 million)
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Outlook is considered as India's most vibrant current affairs and news magazine; it is
well known for its bold and aggressive reporting. From the launch of the magazine, it
is known for raising questions many had in their minds but never dared to ask.
Integrity
Teamwork
High Achievement
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Company Products
Outlook Weekly: Outlook, India's most exciting weekly news magazine covers the
entire spectrum of issues from current affairs, business, sports, lifestyle, technology,
international affairs etc.
Outlook gives you a holistic picture, insightful analysis and fresh perspective galvanized a
sluggish market reeling under the impact of satellite TV. Outlook quickly carved a
significant niche for itself among discerning readers who value its in-depth,
investigative reporting as well as its stylish visual format. Known to be fiercely
independent. Today, Outlook is the preferred magazine of 1.5 million readers in India,
and sells more than 11.2 million copies over the year.
Outlook Hindi: Outlook Hindi, a weekly newsmagazine, was launched in October 2002
to establish significant presence amongst the vast Hindi reading audience. The product
targets the evolved Hindi reader keeping their interests, realities & aspirations in mind.
Outlook Saptahik retains the core strengths of Outlook with objective, fiercely
impartial and bold journalism, while brandishing its own identity through a strong
parallel editorial. The magazine is empathetic to its target audience & is not a
translation of its English counterpart.
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Outlook Money : In July 1998, the Group launched "Intelligent Investor" re-christened as
"OUTLOOK MONEY" as of 30-Nov-2002, India's first personal finance magazine, which
offers sound strategies for the lay investor, especially the growing segment of salaried
middle and upper middle-class and self employed professionals. Its message is clear
and simple: 'Invest well, borrow wisely, and spend smartly'. Evidently, that message
has gone down well: the magazine sold upwards of 1, 00,000 copies a fortnight within
a year.
Outlook traveler: Outlook Traveler is a monthly magazine from the stable of Outlook
Publishing India Pvt. Limited and the only significant magazine aimed at the travel
reader. Every month since June 2001 OT has introduced readers to the wonders of
unknown destinations while also encouraging travelers to take a fresh look at familiar
places. Whether people are planning a holiday, or simply dreaming of one, Outlook
Traveler continues to take them closer.
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Outlook Business
Another magazine by Outlook which covers the business news, interviews of business
tycoons, the new jobs in offerings. This magazine is most preferred by Business
Schools, business professionals, businessman etc. This is fortnightly magazine by
Outlook.
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Outlook people: The celebrities based magazine of Outlook group. This is a fortnightly
magazine by Outlook and is most preferred by the fashion oriented people like youth,
beauty salons etc. This and Marie Claire of Outlook are one of the best magazines in
the entertainment segment as it also covers the fashion statements, interviews of
celebrities, Bollywood etc.
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Outlook Money: In July 1998, the Group launched "Intelligent Investor" re-
christened as "OUTLOOK MONEY" as of 30-Nov-2002, India's first personal
finance magazine, which offers sound strategies for the lay investor, especially
the growing segment of salaried middle and upper middle-class and self-
employed professionals. Its message is clear and simple: 'Invest well, borrow
wisely, spend smartly'. Evidently, that message has gone down well; the
magazine sold upwards of 1, 00,000 copies a fortnight within a year.
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INDUSTRY PROFILE
Printing and Print – Packaging industry in India is growing; people are taking
keen interest in this key industry now. There are more than 36 printing
institutes some of these giving even post-graduate education. Every year more
than 3500 new printing engineering graduates joins the industry, while still
much more get on the spot training in the print shops.
The growth of this sector attributes to the two main reasons, first is the spread
of education- according to the 2001 census report literacy growth in India
touched nearly 66 percent.
This amazing growth in literacy together with rising educational levels and
rapidly progressing trade and industry in India make the current situation a
happy note. Literacy rate is growing; increase in the literacy rate has direct
positive effect on the rise of the circulation of the regional papers.
India has 49,000 publications, but annual revenues total just $1.1 billion.
While they can be vibrant and gutsy, most are starved for technology,
marketing, and capital to expand. So, a handful of publications dominate.
Today, India is fast becoming one of the major print producers &
manufacture of printed paper products for the world markets. The quality
standards have improved dramatically and immense production capacities
have been created.
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The Rajan Raheja Group is led by Mr. Rajan Raheja, a renowned businessman involved
in the Real Estate Development business for over 3 decades. The company diversified
into manufacturing and financial services over the last two decades. The emphasis is
on setting up focused companies, which aim to be profitable leaders in their respective
fields with a long term outlook. All Group Companies are professionally managed by
independent CEOs.
Most of the Group Companies has a leading position in Market share, Technology,
Brand, Distribution or Profitability It's an entrepreneurial journey that has spanned
both 'old' and 'new' economies -- building successful brick-and-mortar businesses to
exploring the frontier world of convergence technologies. The Rajan Raheja Group
made its beginning in the construction business. After building a huge presence in the
reality market, the Group diversified laterally into manufacturing, financial services and
media -- each venture initiated, and executed, to fulfill the objective of assuming
leadership in core areas.
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The Indian Printing Industry, growing at a rate of 12% per annum, comprises
more than 250,000 printing companies. The current annual turnover of is
more than INR 50,000 crores (US$11 Billion).India is the country with largest
number of printing presses in the world (Europe: 1.18 lakh, China: 1.13 lakh,
USA: 50,000, Japan: 45,000, Korea: 42,000 and Australia: 40,000).
India with approx. 25 lakh employees is second only to China (30.25 lakh) so
far as the number of employees in printing sector is concerned. Employees
and number of printing companies are decreasing by 6 per cent world over,
including China, whereas in India it is progressing at 5.2 per cent annually.
Currently printing sector is all set to become booming in India due to available
technology, resource at a very economical cost. Also, government is
encouraging foreign direct investment into this sector. Lot of MNC's are
expected to invest in this sector due to favorable working conditions.
There are numerous jobs are expected in this industry due to overall growing
percentage of 12% per annum. World-wide, the annual revenue of the printing
industry is over $600 Billion. The United States accounts the major share for
over 25% of this business, at
$160-Billion a year.
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INTRODUCTION
• Basically, the first task was all about product learning where the
interns have to first understand the product i.e., the 5 magazines
(Outlook Weekly, Outlook Traveller, Outlook Business, Outlook
Money, Outlook Hindi) and thereafter sell the magazines and
generate revenues.
• To do the sale we were asked to understand our target market, then
further do segmentation and accordingly do the sale.
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https://subscription.outlookindia.com/newoffer/kj.html?vouchercod
e=WFHE125940
Sent.
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Since outlook is a print media; we get to know how a print media works, how
promotional and discount schemes play an effective role in sales and
marketing.
Phase 2: Calling
We had to call them and pitch the offers according to the type of client for
the subscription
If the customer is interested in any of the offers, assisting them for the
payment. The payment could be done through online medium. The online
medium comprises of the options are:
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Investment Objective
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Demat Account
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Source Of Information
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Customer Survey
During research, non- probability sample method has been used; under it
Convenience sampling & Judgmental sampling was chosen for conducting
the research.
1. PRIMARY DATA
- By Observation.
2. SECONDARY DATA
- Internet
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Demographic Factors
AGE GROUP
20 - 30 30 - 40 40 - 50 ABOVE 50
18% 16%
24%
42%
Disclaimer: This Survey is the work of Aryan Raj from G.L Bajaj G.Noida (2023-24)
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I have targeted only those people who are above 20 years of age and got maximum
response from respondents who fall under age group 30 – 40 and minimum who fall
under age group 20 – 30. This shows people belong to age group 30 - 40 are regular
readers of magazines.
OCCUPATION
NO
38%
YES
62%
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During survey, it was that magazine readership in Chandigarh is only 62% and when I
asked why? The reply was that we subscribe two or more than two news paper at
home and we don’t have enough time to read these papers and now-a-days internet
is a solution of every problem then why should we subscribe magazines?
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MAGAZINE FREQUENCY
32%
WEEKLY
53%
FORTNIGHTLY
15% MONTHLY
MAGAZINE SEGMENTS
12%
8% 35%
17%
13% 15%
10%
Above figure shows that 35% people read news magazine, followed by
Travel & Tourism, knowledge and entertainment magazines. People are less
inclined towards finance, career and business magazines.
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BUYING
BEHAVIOUR
10
8
6
4
2
0
BRAND CONTE SPECIA SERVIC AVAILA
IMAGE NT L E BILITY
OFFERS
MOST 8 6 7 8 8.
ATTRACTIVE 5
LEAST 2 4 3 2 1.
ATTRACTIVE 5
After review this figure, we get to know that what parameters affect buying
behavior of customers - Brand Image, after Sales Service, Special offers and
Availability play important roles in this regard and Content plays an average role.
MAGAZINE
RATING
8.5
.2
8
7.5
6.5
7
6
3.5
2.5
THE
INDIA TRAVELLE
OUTLOOK TODAY THE WEEK ECONOMI GEO R MONEY PROFIT FEMINA
ST
RATING 8.2 8.5 6 7 7.5 8 6.5 3.5 2.5
35 - Years old brand India Today is a market leader; people still prefer this
magazine because of its good content and brand image, when we asked about
OUTLOOK they said it is a prominent brand but content in the magazine are
less and advertisements are more.
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Q9. Which brand of OUTLOOK, would you like to subscribe? (If interested)
CUSTOMERS' PREFERENCE
NEWSWEEK
PEOPLE 5%
OUTLOOK
10% 20%
BUSINESS
CAREERS
7%
360
MONEY
7%
P R O6F %IT
TRAVELLER 4%
GEO
17% 13%
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Revenue Share(in %)
28
43
25
Others 1320
Outlook English 425
Competetion Success Review 466
The Sportsstar 528
GK Today 621
Pratiyogita Darpan 689
India Today 1634
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PART 1 SUBMISSION
1Q. What do you mean by Payment Gateways?
ANS A payment gateway is a technology used to process and authorize online transactions. It
acts as a bridge between a customer’s payment method (like a credit or debit card) and the
merchant's bank account. When a customer makes a purchase, the payment gateway
encrypts the payment information, sends it to the payment processor, and then
communicates the approval or decline back to the merchant. This ensures that the transaction
is secure and that the funds are transferred properly.
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2. Authorization and Processing When a customer makes a purchase, the payment gateway
communicates with the payment processor and the customer’s bank to authorize the
transaction. It checks if the payment details are valid and if there are sufficient funds.
Once authorized, the gateway processes the payment and transfers the funds to the
merchant’s account.
3. Integration with E-Commerce Platforms Payment gateways are often integrated with e-
commerce platforms and shopping carts, allowing for seamless checkout experiences.
This integration helps streamline the purchasing process and improve user experience.
4. Support for Multiple Payment Methods Payment gateways support various payment
methods, including credit/debit cards, digital wallets, bank transfers, and even
cryptocurrencies. This flexibility allows businesses to cater to a broader range of customer
preferences.
5. Fraud Prevention Advanced payment gateways come with built-in fraud detection and
prevention tools. These can include address verification, CVV checks, and monitoring for
suspicious activity, which help protect both the merchant and the customer. 6. Currency
Conversion For international businesses, payment gateways often offer currency
conversion services. This means customers can pay in their local currency, and merchants
receive funds in their preferred currency, simplifying cross-border transactions.
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Studied the impact of Covid 19 and Russia Ukraine war on global financial
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The growth of outlook magazine that that the respondents focused on what they are
good at- selling to their current market. The company knows how to make it right. It
extend the product line to a new complementary product that existing clients would
please new offer.
It focusing on new client segments will power strong growth. Observe and identify
other activities. By broadening our client segments grabbed more clients that worked
under same roof. These prospect already had the confidence of the clients which helps
in making growth., New channel of distribution which increase sales and growth of the
company and also provide new offers and services to the customer so they became
more enamored and attract easily so that helps in profit of the company and growth.
The opportunities of the outlook magazines that the company has many product
capturing for all sector information so I has an opportunity to became a market leader .
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The outlook weekly is very good magazines and effective. This is the public interest
magazines. The outlook traveler is the number 1 magazines in comes of other
magazines for traveler. It gives both national and international content.
Various magazines spread among various countries like USA, LONDON, AUSTRALIA,
SOUTH AFRICA and many more countries. It has an opportunity for outlook to promote
its magazines at international level with international edition.
Outlook can increase its product line by launching there new magazines, related to
auto industry, magazines for beauty parlors exclusively and outlook technology these
three can increase the market share of the outlook.
LITERATURE REVIEW
Although, there is enough evidences in literature about the wide range and extent of the
CRM as a modern tool to boost the perception of the consumers in favour of the
company and it roles in the B2B and B2C e-commerce but the researcher have not
defined a particular definition for both of these notions. As a marketing instrument,
understanding of definitions of these concepts is necessary to identify the accurate result
about the interrelationship between CRM and consumes buying behaviour (Reynolds,
2002).
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GENDER
FEMALE MALE
OCCUPATION
Student 51 50%
Self Employed 23 23%
Professional 28 27%
The pie shows that maximum subscribers are students followed by self employed people
and finally the professionals.
Student subscribers are 50%, self employed are 23%, and Professionals are 27%.
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Yes 97 94%
No 6 6%
The pie shows the percentage of people who read/do not read magazines. Therefore 94% of
them are found to read magazines while the rest 6% do not read any magazine.
Outlook
Outlook business
Outlook traveller
The pie represents the different magazines, as we can see the number of India today
subscribers are the maximum followed by Outlook and so on. Money today and Outlook
money has the least number of subscribers, which shows that people are least interested
towards the finance magazines.
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The pie shows the print edition is more popular among the magazine subscribers as
compared to digital edition.
Print edition accounts to 76% whereas digital edition accounts to only 24%.
Strongly 4 4%
Disagree
Disagree 1 1%
Uncertain 19%
Agree 73%
Strongly Agree 6%
This pie shows the maximum people agree to the fact that magazines of Outlook carry
relevant information while some people are still uncertain about the fact.
71% people believe that outlook magazines do carry relevant information while 18%
are uncertain. A small percentage of people agree as well as disagree to the above
statement.
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Cash 54%
Online 40%
Payment
Cheque 10%
The pie chart represents the different payment methods preferred by the customers.
52% people pay by cash, 38% make online payment and 10% do the payment through
cheque.
Yes 78 76%
No 24 24%
The pie chart shows that 76% customers believe that Outlook has got gifts and
magazines which are meaningful while 24% disagree to the same.
What are the difficulties you face while receiving the magazine?
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1 9 9%
2 46 44%
3 45 43%
4 4 4%
When choosing a magazine, majority of the subscribers (44%) believe that price should
be the second preference, whereas 43% believe that price should be given the third
preference. A small % of people think that price as an important factor should be given
the 1st and 4th preference for choosing a magazine.
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1 41 39%
2 38 37%
3 21 20%
4 4 4%
There is a cut throat competition when it comes to the factor of brand. 39% subscribers
say that brand should be the first preference whereas 37% say that it should be given the
second preference while choosing a magazine. 20% believe that brand is not that
important so it can be preferred in the third position.
1 75 72%
2 21 20%
3 5 5%
4 3 3%
The factor of Content is given by a majority of the subscribers, as compared to the price
and brand. 72% believe that content is the most important part of a magazine so it
should be preferred first.
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1 19 18%
2 37 36%
3 29 28%
4 19 18%
Hereby it is concluded that the maximum subscribers/people think that Content should
be given the first preference, followed by the brand, and then the cover design and
lastly the price while choosing a magazine.
Any suggestions/Feedback
Outlook should start fashion magazine as well. Always put authentic content :) The service is
remarkable and.The 'Outlook' magazine provides a good insight into the current political,
economic and social issues. A perfect weekly magazine! The business edition must touch upon
the digital marketing aspects in depth; considering it is one of the most popular marketing
techniques for businesses today.all the best No No feedback.... Kindly provide a committed time
of delivery no suggestions from my side... Good Content. Nope cover can be more
attractive. - The magazines should be delivered on time and not 4 days late Magazines should
be delivered in time. Poor service, fake commitments. Improve delivery
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SWOT Analysis:
Strengths:
Innovative and custome oriented products.
Six different magazines which cover major segment of the market and fulfill the needs of
different age group belonging to different sectors.
Exclusive photography and articles, OUTLOOK does not copy the content from internet
and paste in its magazines.
OUTLOOK has well organized and experienced man power, which approach directly and
indirectly as well, to the readers.
OUTLOOK has set up its own strong distribution channel, which circulate 1.5 million
copies in INDIA.
OUTLOOK gives you multiple times address change flexibility and charge nothing for
the service.
OUTLOOK is known for its range of magazines, subscription offers (also available with
internet edition) and provide with exciting gifts to the customers.
Weakness:
Price of some magazines is high
Customer perception that outlook serves to a political party.
It takes four weeks in delivering first copy of the subscriber and two weeks in case of
address change.
OUTLOOK takes two months of time in delivering the gift.
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Opportunities:
It has many products capturing all sectors information so it has an opportunity to become
a market leader.
OUTLOOK can increase its product line by launching new magazines, which can
increase the market share of OUTLOOK.
OUTLOOK has an opportunity to promote its magazines at international level with
international edition.
Threats:
Number of competitors in the market.
India today has already captured the big market share
Perception of readers’, OUTLOOK favours Congress party and does not write anything
against the party.
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Considering the gifts which are a major attraction to subscribe for magazines should not
be the choice of the customers as people should focus on reading and not just
subscribing the magazines for gifts. Outlook should also improve on the customer
service as well as the delivery time so as more number gets attracted towards their
magazines rather than India Today. Better customer service will lead to retention and
increase in sales for the publishing house.
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Recommendations
It is important to motivate the consumer to subscribe for the magazine for boosting the
sales and it’s obvious that most of the consumers will not get motivated unless and until
they get what they want. From the market survey it was able to identify that the
motivating factors are the gifts provided along with the subscriptions and according to
most of the consumers a good gifts are one which have good brand value associated with
it and those which offer better utility.
2. Customer retention
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are weaknesses of the current contents and coverage of the magazine as well as the
customers’ expectations about them. For this Outlook should go for detailed survey and
customers feedback so that it can understand the customers’ expectations as far as
content and coverage of the magazine are concerned. Once the customer expectation is
identified Outlook need to restructure the magazine by implementing the customer
requirements and demands in order to improve their satisfaction level which will in turn
boost the magazine as well as subscription sales.
The outlook group is a good name in the magazine industry and one of the top four in
the print industry of India. Its average readership in the country is increasing but it needs
to be careful of its competitors. Its biggest competitor in the market is India Today. The
main problem with outlook's promotion strategy is that it relies too much on sales force
for increasing circulation of its magazines. Outlook should devise a marketing plan to do
this, except for the promotional discounts. These discounts are really paying them off
with some good increase in sales. The newsstands and sales executives remain to be the
most prevalent source of sales because of the only reason that they don't advertise much
or it is negligible.
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Considering the gifts which are a major attraction to subscribe for magazines should not be the
choice of the customers as people should focus on reading and not just subscribing the
magazines for gifts. Outlook should also improve on the customer service as well as the
delivery time so as more number gets attracted towards their magazines rather than India
Today. Better customer service will lead to retention and increase in sales for the publishing
house.
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9
It is important to motivate the consumer to subscribe for the magazine for boosting the
sales and it’s obvious that most of the consumers will not get motivated unless and until
they get what they want. From the market survey it was able to identify that the
motivating factors are the gifts provided along with the subscriptions and according to
most of the consumers a good gifts are one which have good brand value associated with
it and those which offer better utility.
2. Customer retention
Conclusion:
The outlook group is a good name in the magazine industry and one of the top four in
the print industry of India. Its average readership in the country is increasing but it needs
to be careful of its competitors. Its biggest competitor in the market is India Today. The
main problem with outlook's promotion strategy is that it relies too much on sales force
for increasing circulation of its magazines. Outlook should devise a marketing plan to do
this, except for the promotional discounts. These discounts are really paying them off
with some good increase in sales. The newsstands and sales executives remain to be the
most prevalent source of sales because of the only reason that they don't advertise much
or it is negligible.
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Cover-on-cover Proposal
Rates.
Magazine Cost Per copy(INR)
Outlook(weekly) 40*
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Previous Customers:
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FINDINGS
Acquired 12 new clients for the organization.
As per the survey, 33.90% people review their portfolio daily, 37.29%
monthly and rest 28.81% people review their investments monthly.
45.76% of investors own a demat account whereas other 54.24% still
use other modes to invest their money.
Majority of the investors (nearly 32%) said they rely on their friends
and relatives for investment advices, 25.42% use TV.
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After the Covid pandemic, people have started using online payment
modes more excessively as they find it convenient. The reputed sites
are used by most of the people as they find it secure.
But a lot of people mentioned, the issues like stuck payment as well as they
were fearful of the growing financial frauds online.
Russia-Ukraine War has highly impacted the food and energy markets.
The energy prices have risen sharply for EU members as they are highly
dependent on Russia for the same. The joint effect of covid and then
Russia-Ukraine war has pushed several EU countries on the verge of
recession and economic crises.
Outlook is known for its investigative journalism and in-depth analysis of current
affairs, politics, and social issues.
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LEARNINGS
As this internship provides me an opportunity to apply my theoretical
knowledge practically. During this internship I learn some new skills and also
got to know something more about those skills which I know already.
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CONCLUSIONS
Majority of people save less than 20% of their income in India. There is a
need to make people aware of the benefits of savings as savings affect
investments and in turn investments result into growth of the economy.
In India, still close to 55% of the educated people do not have a account.
Also, even the people with demat account do not go for professional
advice.
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References:
Websites
http://www.outlookindia.com/aboutus.aspx, last browsed on 26th June, 2014
http://www.outlooktraveller.com/, last browsed on 26th June, 2014
http://www.outlookbusiness.com/, last browsed on 26th June, 2014
http://www.outlookmoney.com/, last browsed on 26th June, 2014
http://www.docstoc.com/docs/65091774/Research-Analysis-on-Consumer-Buying-Behaviour,
last browsed on 1st July, 2014
http://www.globeco.ro/wp-content/uploads/vol/split/vol_1_no_1/geo_2013_vol1_art_015.pdf,
last browsed on 1st July, 2014
https://www.academia.edu/2322257/
Consumer_Magazine_Subscription_The_Roles_of_Customer_Satisfaction_and_Content_Quali
ty, last browsed on 5th July, 2014
http://www.studymode.com/essays/Study-Of-Customer-Prespective-Towards-Outlook-
505788.html, last browsed on 5th July, 2014
Books
Blackwell, R., Miniard, P. and Engel, J. (2006) “Consumer behavior”, Mason: Thompson
Kotler, P. and Keller, K. (2011) “Marketing Management”(14th edition), London: Pearson
Education
Gabbott, M. and Hogg, G. (1998). “Consumers and services”, Chichester: John Wiley & Sons.
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BIBILOGRARAPHY
8 18
GEO MAGAZINE FRONTPAGE
9 18
OUTLOOK PEOPLE FRONTPAGE1
10 KNOWLEDGE JOCKEY(KJ) THE ACCOUNT 22
WHERE WE SEE THAT HOW MANY SALES
WE CONVERTED
11 24
JUNE MONTH SALE
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8.3 Abbreviations
GNB GAUTAM 1
BUDDH
NAGAR
PROF. PROFESSOR 1
SOB SCHOOL OF 1
BUSINESS
GU GALGOTIAS 1
UNVERSITY
SIP SUMMER 32
INTERNSHIP
REPORT
Reference Style
Books
One Author
Basu, A. (1963), Consumer Price Index: Theory, Practice and Use in India, Modern Book
Agency,Calcutta.
Two Authors
Singh, M. and Pandya, J.F. (1967), Government Publications of India, Metropolitan Book Co.,
Delhi.
Three Authors
Mote, V.L.; Malya, M. M. and Saha J. (1968), Tables for Capital Investment Analysis, Indian
Institute of Management, Ahmedabad.
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Edited Book
Basu, G. (ed.) (1962), Indian Tax Laws and Foreigners Having Investment in India or Having
Business Connections in or with India, Oxford Book & Stationery, Calcutta.
Government Publication
Ministry of Law, Government of India (1960), the Copyright Act, 1957, the Manager of
Publications, Delhi.
Journal Paper
Article in a Newspaper
Gandhi, V. P. (1968), Will the Budget Achieve Its Aims? Certain Doubts, the Economic Times,
Mar. 8, pp. 5-6.
Conference Paper
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Bhattacharyya, S.K. (1967), Control Techniques and Their Applicability, paper presented at the
Ahmedabad Management Association, Ahmedabad, Nov. 22, pp. 11-17.
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