Kala Raksha:: Treasure The Tradition: A Study of The Market of Ethnic Products For Kala Raksha
Kala Raksha:: Treasure The Tradition: A Study of The Market of Ethnic Products For Kala Raksha
Treasure the tradition: A study of the market of ethnic products for Kala Raksha
GROUP NO. : 13
SCOPE
KALA RAKSHA : A new concept of art preservation RESEARCH METHODOLOGY COMPARATIVE STUDY OF KALA RAKSHA WITH FABINDIA, ANOKHI,UDGREEV
GRAPH-ANALYSIS
CORRELATION ANALYSIS
COST ESTIMATION
SUGGESTIONS SOURCES OF INFORMATION BIBLIOGRAPHY
3
OBJECTIVES
OBJECTIVES
The primary objective is to conduct a market research in order to ascertain consumer preferences and thereby providing insights and strategies to Kala Raksha to assist them setting up business in an urban setting, which is Ahmedabad.
OBJECTIVES
Our subsidiary objectives and scope thereby is limited to : Comparison of Fabindia, Anokhi and Udgreev with that of Kala Raksha to determine the level of differentiation from each other
Understanding consumer preferences regarding various ethnic products sold at Law garden, Ahmedabad
6
SCOPE
Limited to western Ahmedabad Considered following ethnic outlets: o Fabindia o Anokhi o Udgreev Considered Law garden ethnic market
o Leather Products
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RESEARCH METHODOLOGY
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RESEARCH METHODOLOGY
Identification of topic:
Zeroing down on marketing strategies
RESEARCH METHODOLOGY
Deciding on Type of Research :
Descriptive Research Exploratory Techniques Focus Group Discussion
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RESEARCH METHODOLOGY
Sampling process and Sampling Size: Deciding the sampling unit : o Segmentation on the basis of FGD o Distinct Needs o Female segment above 25 years, below 25 years o Male Segment Deciding the Sampling Size : o Pre testing - 100 respondents o Brand image testing technique - 100 respondents o Questionnaire - 600 respondents
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RESEARCH METHODOLOGY
Deciding Sampling Method : o Convenience sampling o Judgment sampling o Snowball sampling
Collection of Data
Secondary Data o Internet o Newspaper
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RESEARCH METHODOLOGY
Collection of Data
Primary Data o Visits o Kala Raksha Sumerasar, Bhuj o Fabindia, Anokhi, Udgreev o Exhibitions Focus Group Discussion(FGD): questionnaire design Questionnaire basis for
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RESEARCH METHODOLOGY
Analysis of Data and Presentation of findings
Questionnaire responses
Designing Code Sheets Plotting Pie Charts
Q2 Mention a reason for your most preferred ethnic wear and lifestyle showrooms:
_____________________________________
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ORGANISATIONAL PROFILES
Kala Raksha Establish ed on Mission 1991 (Registered trust 1993) Preserve and present traditional arts Fabindia 1960 1967 Anokhi Udgreev 2008
Ahmedabad
For Profit
Products
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ORGANISATIONAL PROFILE
PROMOTION
Kala Raksha Fabindia Effective Promotion labeling, exhibitions, e-mails Newspaper advertisements, posters, colony stalls Anokhi Udgreev SMS, hoardings, Word of newsletters, word mouth, of mouth participate fashion shows
Embroidery
USP
Block -Printing
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ORGANISATIONAL PROFILE
SUPPLIERS
Kala Raksha Suppliers Fabindia Anokhi Udgreev
Old manufacturing
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24
25
26
Desi essence
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There were two views on discounts Shining and glittering outdated - sober and elegant in Gifting ethnic products is a in thingo Female segment accessories ,handbags o Corporate gifts - ethnic diaries ,folders Unawareness about Kala Raksha Proposed location - Next to ethnic outlet
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ANALYSIS
51
Q) How important are the following factors while making a purchase from an ethnic store?
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Factor
3 7 6
3 8 6
3 8 6
Amount of work
Brand Contribution to NGO
4
5 1
4
4 2
5
4 1
2 8
6
1 6
6
1 8
6
34
Q) By which of the following mediums you are influenced the most to buy ethnic products? (Rank them from 1 to 7 where 1 is highest)
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Factor
Discounts SMS Direct Mails Gift Vouchers Word of Mouth Newspaper Advertisements Billboards
1 5 5 4 1 3
36
37
Factor
Exhibitions
Boutiques
Go in for customization
Malls
38
55
43%
11%
Need
forecasted
40
56
Casual wear
9% 18% 7%
66%
11%
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Q) Select your most favored outlet in the following categories of the ethnic segment.
FABINDIA FEMALE SEGMENT BELOW 25 Ethnic Wear Life Style Products ANOKHEE ETHNICITY Handicrafts Accessories OTHERS
Handicrafts
Accessories
MALE SEGMENT
Handicrafts Accessories
Q) Are you satisfied with the variety and quality of current stores in Ahmedabad ?
YES FEMALE SEGMENT BELOW 25 71 % NO 29% UNSATISFIED CATEGORY Ethnic Wear - blend of ethnic & western wear i.e. Halters, Spaghettis, Skirts
72%
28%
MALE SEGMENT
69%
31%
Handbags Shawls
Stoles Kurtas
Lack of promotional activities lesser awareness about Kala Raksha its existence and activities
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Suggestions
Analysis of preferences inferred through questionnaire responses
Target segment- Kala Raksha- female segment below 25 years:o Price priority- Variety of Fabrics o Give attractive discounts o Advertise through print media, radio o Need - Awareness programs 86
Suggestions
Kala Raksha target : above 25 years - focus on participation in exhibitions Male segment- amount of work- decide acceptability
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CORRELATION
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CORRELATION
Correlation of Income with:
Factors Females below 25 years Females above 25 years Males
Price Quality
Independent Unaffected
Discount
Frequency of going to Exhibitions Frequency of going to Commercial Outlets and Malls Frequency of going to Boutiques
Attracted
Higher the Income, more the frequency Higher the Income, frequent visits Independent
Independent
Independent
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COST ESTIMATION
78
COST ESTIMATION
As a part of our suggestions- business plan for Kala Raksha Consultation of experts- across industries Consideration- various costs- commercial outlets
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Rent of the showroom (option 4,80,000 1) (800 sq. Ft. ) Acquisition of the showroom 40,00,000 (option 2) (800 sq. Ft. ) (5,00,000) Infrastructure cost Salary overheads Operational overheads (Electricity cost+ Advertisement cost + Transportation cost ) 6,17,600
26,76,600 26,96,600
Suggestions
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Suggestions
Divided into two parts
o Analysis of responses preferences inferred through questionnaire
o Evaluation of observations made during FGD and also interaction with store manager of Fabindia, Anokhi and Udgreev
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Suggestions
2. Evaluation of observations made during FGD and also interaction with store manager of Fabindia, Anokhi and Udgreev We have divided them on the basis of the marketing mix. Product Price Promotion Place
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Suggestions
PRODUCT
Specially designed summer clothing Gifting - Ethnic designs gift wrappers cloth or paper Ethnic shirts, Cufflinks, ethnic handkerchiefs and ties - remains unsatisfied Flavor of the season i.e. for Uttarayan, Navratri
89
Suggestions
PROMOTION
Highlighting the Kutchi factor place of origin given high priority Trends need to be cashed in on - halter necks, stoles
Suggestions
Price Balance act - going rate and NGO accreditation
Place
Being a part of the cluster - Bodakdev and SG road Active exhibition participation Office furnishings and tie ups with interior decorators
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CONCLUSION
Hence as a group we conclude that that Kala Raksha can successfully setup shop in Ahmedabad. The suggestions that we have made to Kala Raksha will assist them, in making the transition to an urban setting and capturing a market share in the existent ethnic market.
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SOURCES OF INFORMATION
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SOURCES OF INFORMATION
www.kala-raksha.org www.india-crafts.com www.fibre2fashion.com www.gujaratindia.com
www.marketingteacher.com
www.ngohandbook.org
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Interviews
Sr. No. 1 Interviewee Desgination Date 26thOctober,2009 Mr. Ritesh Prajapati Branch Manger, Fabindia Ahmedabad Ms. Neeru Gohil Franchisee Head, Anokhi Ahmedabad
Regular Intervals
Mr. Prakash J
Regular Intervals
Sr. No. 5
Times Classifieds
BIBLIOGRAPHY
Sr. No. 1 Book name Financial Management Author Edition Page No. 2.15,2.16,2.17 M Y khan and P 4th edition k Jain
Naresh K Malhotra
4th edition
362-382
Business Statistics
VK Kapoor
5th
NEWSPAPERS
Sr. No. 1 Article from India Today Article Date December 22 2008 September 01 2002 Author Anil Mulchandani
Various experts
April 7 2001
Pamela Constable
THANK YOU
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