Introduction Bournvita is a power brand. Bournvita was launched in 1948 and is one of the oldest brand in the malted beverages segment. The brand is a market leader in the Brown health drink segment with a market share of over 17 %.
This is a brand that has sustained over time and competition. Cadbury's - true to its reputation has managed to sustain this brand over these years. The brand has sustained because of Cadbury's invested in the brand and also ensured that the brand changed in tune with the times. Bournvita is a chocolate flavored health drink. When the brand was introduced in the market, it tried to solve a perennial problem that mother's face : a need for a health healthy y food which is tasty. Bournvi Bournvita ta offered that unique combination of health and taste. Its also interesting to see how this brand has evolved over these years.In 1970s t he brand was positioned as a product that helps in good upbringing. The brand used the tagline : Goodness t hat Grows with You.
During 1980's the brand changed its focus from Upbringing to Intelligence. The tagline was changed to : Brought Up Right, Bournvita Bright. In 1990's the brand felt that it should be focusing on the overall health of the kid thus changed its focus on Body and Mind. The brand also took Energy as a main focus and thus evolved the famous VO ( voice over) : "Bournvita has proteins, minerals and carbohydrates" carbohydrates" . Along came the famous tagline : Tan Ki Shakthi , Man Ki Shakthi. During 1998, the brand faced intense competition from M ilo from Nestle. At this time, the brown br own health food drink segment was facing issues of stagnation because of lack of value addition. Bournvita then changed its positioning on the health platform. The brand used a marconym RDA ( Recommended Dietary Allowance) to reinforce the health positioning. The brand used a clever Nutritional meter to communicate the RDA formula : 2 cups of Bournvita for balanced nutrition.
The brand also set up a Bournvita Nutritional Center where nutrition experts recommended the right RDA percentage to kids. The brand at that time used the cricketer Ajay Jadeja to endorse the brand. The brand also harped on the taste and used the tagline " No Bournvita No Milk " to reinforce the taste attribute.
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In the current millennium, the brand has moved to the next level. In the typical laddering Up strategy, Bournvita has identified Confidence as its Core Brand Essence. The brand realized that every kid have a chance to excel in his chosen field of endeavour if he have confidence . The realization has enabled the brand to chalk out the current marketing strategy. The brand now uses the tagline " Do you have Bournvita Confidence ".
In the Brown beverages segment, Bournvita faces intense competition from Boost. In order to defend the leadership position, Bournvita has invested heavily in product development, advertising and sales promotion. In the product development front, Bournvita had significantly changed its packaging and the latest pack is inspired by Boost. Along with packaging changes, the brand also had comeout with a new variant : Bournvita Fivestar Magic. The new variant has the unique chocolate with caramel flavor of Cadbury's Fivestar. The brand is using the brand association a ssociation with with Five Star as a key differentiator.
All these years, Bournvita has used taste as a consistent theme to attract the kids. The Five Star Magic variant further reinforced r einforced this positioning. In the advertising campaigns, Bournvita has always been a heavy spender. spender. When I am writing this post, Bournvita is running two different campaigns for Bournvita : one ca mpaign for the Bournvita Fivestar Magic and another a nother one featuring Bournvita Confiden C onfidence ce Academy.
Bournvita Confidence Academy is not a School but a reality show. The T he show which premiered on July 2007 in the Pogo Po go channel is different from the usual reality shows . The show features 7 kids who have exceptional except ional talents in various fields like dancing, racing, singing, magic, studies etc. In the reality show , these t hese kids to act as Gurus and is expected e xpected to teach each other skills . So you have a magic whizkid learning to sing. The point is that "You Need Confidence" to venture into unknown fields. Bournvita Confidence Academy is not the first event that this brand associates with. Bournvita Quiz is the longest running quiz qu iz show in Indian Television . In the sales promotion front also , the t he brand was active with its share of freebies and g if ifts ts . The T he association with Cartoon Network enabled this brand to use the famous characters like Powerpuff girls and Dexter to the brand's advantage. adva ntage. As a marketer, I feel that the latest focus on Confidence is a smart move by the brand. Its arch rival Boost has built itself on the energy platform p latform and recently has gained headway using Sac hin. Hence to counter co unter Boost, Bournvita needed to own o wn an important differentiation point. Confidence is something that every kid look forward to. By featuring real whiz kids , the brand has been able 2
to create an impact in the TG. But the challenge that t hat Bournvita faces is not from Boost but from the Consumer Promotion trap that both these brands have fallen into. Now most of the sales are decided by the promotional pro motional gifts gifts and freebies than the actual efficacy. Since S ince mothers are happy whether the kids drink either of these , brand loyalty has become beco me a thing of past in this segment. Source : Cadbury website, agencyfaqs.com
India- The Growing Market for Malted Food Drinks
While western markets remain challenging for malt- and chocolate-based drinks, there has been growth in this area in developing markets, notably in China and India where malt drinks have long been drunk as a substitute for milk. Now, strong economic growth in these markets is seeing middle class consumers trading up to added-value hot drinks. The 82,000 tone, malted food drink segment can be divided Into White Beverages and Brown Beverages. White Beverages account for 65% of the sales of the total market. Brown Brown Beverages account for the balance 35% of the the market. Cadbury's Bournvita dominates this segment. Other players in the segment are Boost (SBCH), Milo (Nestle) and Maltova (SBCH). India, the world's largest malt-based drinks market, accounts for 22% of world's retail volume sales. In India, malt-based drinks are traditionally consumed as milk substitutes and are marketed as a nutritious drink. Such drinks are principally targeted at older consumers, the young and the sick. Sales growth has been assisted in recent years by improved retail and distribution networks and demographic factors, namely a large consumer base in the children's and youth market. India also recorded the highest growth (53% in US$ terms) of any market between 1998 and 2003, primarily as a result of consumers trading up to value-added products. Major global players such as GlaxoSmithKline, Cadbury Schweppes and Nestlé are present in India.
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Brown Beverages
Market
Brand
Share
Bournvita
47%
Boost
30%
Milo Maltova Others
10% 8% 5%
Segmenting strategy
Cadbury has segmented the market for their flagship product ³Bournvita´ demographically. It has segmented the market on the bases of age group; it is targeting children aged between 5 to 16 yrs of age. It is targeting one of the biggest consumer groups in India. Bournvita is a chocolate flavored health drink. In this segment the children give too much importance to taste and their parents give importance to health and Cadbury has addressed both the things very well. Thus it builds a bridge between mom and the child. And moreover with all the fringe benefits coming Segmenting strategy Cadbury has segmented the market for their flagship product ³Bournvita´ demographically. It has segmented the market on the bases of age group; it is targeting children aged between 5 to 16 yrs of age. It is targeting one of the biggest consumer groups in India. Bournvita is a chocolate flavored health drink. In this segment the children give too much importance to taste and their parents give importance to health and Cadbury has addressed both the things very well. Thus it builds a bridge between mom and the child. And moreover with all the fringe benefits coming
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Defining key audience
Most of the promos are targeted at children who coerce their parents into purchasing the brand. Brand loyalties are very strong as the key target audience; children are always looking for the change. Bournvita is a chocolate flavored health drink. When the brand was introduced in the market, it tried to solve a perennial problem that mother's face: a need for a healthy food which is tasty. Bournvita offered that unique combination of health and taste. Thus it targeted the mothers concern about her child's eating habits and used the 'Nutrition Meter' as an interesting device to communicate the RDA formula - " 2 Cups of Bournvita for Balanced Nutrition". To further target the child section it has offered many freebies and gifts from time ti me to time.
Positioning
In marketing, positioning has come to mean the process by which marketers try to create an image or identity in the minds of their target market for its product, brand, or organization. It is the 'relative competitive comparison' their product occupies in a given market as perceived by the target market. In 1970s the brand was positioned as a product that helps in good upbringing. The brand used the tagline: Goodness that Grows with You. During 1980's the brand changed its focus from Upbringing to Intelligence. The tagline was changed to: Brought Up Right, Bournvita Bright. In 1990's the brand felt that it should be focusing on the overall health of the kid thus changed its focus on Body and Mind. The brand also took Energy as a main focus and thus evolved the famous VO (voice over): "Bournvita has proteins, minerals and carbohydrates´. Along came the famous tagline: Tan Ki Shakthi, Man Ki Shakthi. During 1998, the brand faced intense competition from Milo from Nestle. At this time, the brown health food drink segment was facing issues of stagnation because of lack of value addition. Bournvita then changed its positioning on the health platform. The brand used an acronym RDA (Recommended Dietary Allowance) to reinforce the health positioning. The brand used a clever Nutritional meter to communicate the RDA formula: 2 cups of Bournvita for balanced nutrition. 5
Place
Cadbury is catering Bournvita to its consumer through out India through its vast distribution channel. Bournvita is available in various medical stores, provision stores, super markets and all retail stores.
Promotion
³An activity designed to boost the sales of a product or service. It may include an advertising campaign, increased PR activity, a free-sample campaign, offering free gifts or trading stamps, arranging demonstrations or exhibitions, setting up competitions with attractive prizes, temporary price reductions, door-to-door calling, telemarketing, and personal letters on other methods´. The objectives that are met by promoting are to move the target market through the following phases: Unawareness -> Awareness -> Beliefs/Knowledge -> Attitude -> Purchase Intention -> Purchase It is believed that consumers cannot skip over a phase, but they need to move through them. Promotion is used to move the target market from one phase to another to finally purchase. Bournvita has invested heavily in product development, advertising and sales promotion. In the product development front, Bournvita had significantly changed its packaging and the latest pack is inspired by Boost. Along with packaging changes, the brand also had come out with a new variant: Bournvita Fivestar Magic. The new variant has the unique chocolate with caramel flavor of Cadbury's Fivestar. The brand is using the brand association with Five Star as a key differentiator. All these years, Bournvita Bo urnvita has used taste as a consistent theme to attract the kids. The FiveStar Magic variant further reinforced this positioning. In the advertising campaigns, Bournvita has always been a heavy spender. Bournvita is running two different campaigns for Bournvita: one campaign for the Bournvita Fivestar Magic and another one featuring Bournvita Confidence Academy. In the sales promotion front also, the brand was active with its share of freebies and gifts. The association with Cartoon Network enabled this brand to use the famous characters like Powerpuff girls and Dexter to the brand's 6
advantage Focus on Confidence is a smart move by Cadbury to promote its brand BOURNVITA. Its arch rival Boost has built itself on the energy platform and recently has gained headway using Sachin. Hence to counter Boost, Bournvita needed to own an important differentiation point. Confidence is something that every kid looks forward to. By featuring real whiz kids, the brand has been able to create an impact in the Target group. Bournvita always comes up with consumer promotion activities from time to time e.g. giving free gifts like plastic mugs, kitchen appliance, chess game or ludo etc. Recently they decided to target school children by offering attractive mugs with cartoon characters design on it. They also come up with the scheme of extra Bournvita for the same price. Customer
satisfaction:
Research Hypothesis Our research report is based on the hypothesis stated as under:To find customer satisfaction from all sections of our society. R esearch Problem f or Bournvita
The project had been undertaken with an objective to understand the customer behaviour in the ³Health Food Drink (HFD)´ product category. The objective of the study also included identifying the determinant purchase factors, the customer segments and the sources of information they rely on. The existing positioning of prominent brands and the perceptions among different segments were also covered under the study. The brand loyalty and switching were also studied. The brand personality was a lso studied as a part of the project.
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LITER ATUR E
SUR VEY
Nutrition in India After 4 years of age, a child's energy needs per kilogram of bodyweight are decreasing but the actual amount of energy (calories) required increases, as the child gets older. From 5 years to adolescence, there is a period of slow but steady growth. Dietary intakes of some children may be less than recommended for iron, calcium, vitamins A and D and vitamin C, although in most cases -as long as the energy and protein intakes are adequate and a variety of foods, including fruit and vegetables, are eaten-deficiencies are unlikely.
Regular meals and healthy snacks that include carbohydrate -rich foods, fruits and vegetables, dairy products, lean meats, fish, poultry, eggs, legumes and nuts should contribute to proper growth and development without supplying excessive energy to the diet.
Children need to drink plenty of fluids, especially if it is hot or they are physically active. Water is obviously a good source of liquid and supplies fluid without calories. Variety is important in children's diets and other sources of fluid such as milk and milk drinks, fruit juices can also be chosen to provide needed fluids. In India, each State is practically equivalent to a country with its specific socio-economic level, different ethnic groups, food habits, health infrastructures and communication facilities. Thus, the nutritional status of the population shows significant variation between sta tes since it results from a varying combination of factors. In the last 20 years, there has been an improvement in the nutritional status of the Indian population. This improvement results from not only changes in food intake but also socio-economic factors, increased availability of potable water, lower morbidity and improvement of health facilities. In children under five years of age, the marked improvement in nutritional status is shown by the reduction of the prevalence of underweight from 63%, in the 1975-79 period to 53% in the 1988-90 period. The under-five mortality rate (U5MR), an important indicator of the socio-economic development, and health and nutritional status of a society, declined from 282% in 1962 to 115Å in 1994. However, a multitude of infectious diseases such as respiratory and intestinal infections as well as malaria remain the main cause of death in children under five, with malnutrition being an aggravating
factor. Measles, tetanus, typhoid and hepatitis are also frequent causes of death during infancy and childhood. In the last 20 years, there have been no significant changes in patterns of dietary intake. Cereals remain the staple food in India providing pr oviding most of the energy intake. Since the seventies s eventies the consumption of foods like pulses, roots and tubers has fallen, while those of other foods like sugar, "jaggery" (unrefined brown sugar), fats and oils and green leafy vegetables have slightly increased. The average Indian diet remains largely deficient in green leafy vegetables, meat, and fish, milk and milk products. Moreover, it also remains deficient in some micronutrients such as vitamin A, iodine and iron. Adolescents who are undergoing rapid growth and development are one of the nutritionally vulnerable groups who have not received the attention they deserve. In u nder-nourished nder-nourished children rapid growth during adolescence may increase the severity of under-nutrition. Early marriage and pregnancy will perpetuate both maternal and child under-nutrition. At the other end of spectrum among the affluent segment of population, population, aadolescen dolescentt obesity is increasingly becoming a problem. problem.
Pre-school children constitute the most nutritionally vulnerable segment o f the population and their nutritional status is considered to be a sensitive sensitive indicator of o f community health and nutrition. Over the last two decades there t here has been some improvement in energy intake and a nd substantial reduction in moderate and severe under- nutrition in pre- school children India has enormous under-nutrition and over-nutrition problems Asia has the largest number of malnourished children in the world. The Double Burden of Ma lnutrition in Asia was inspired by the massive challenge that this situation currently poses for Asia. It describes the main driving forces behind the groundswell of under-nutrition, while shedding light on the emerging double burden of co-existing underweight and overweight, and the linkages between these two different forms of malnutrition. There are two types of nutritional problems - one is under-nutrition and another is over-nutrition. Emphasis should be given not only to food but also to care and health, the reason being that even if children in the age group of 0-2 years are able to get food, they may have mothers who do not have enough time to pay attention to their children. Similarly, if there is no health-guaranteeing environment, and children suffer from diarrhoeal diarr hoeal diseases, no amount of food will help prevent malnutrition.
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Over-nutrition, on the other hand, means either too many calories or the wrong types of calories such as saturated fats or highly processed sugar that lead to obesity, vascular diseases, etc. Many developing countries have under-nutrition and those in Europe and North America have over- nutrition problems. There is this in-between category with countries like India that still have an enormous amount of undernutrition and significant over-nutrition problems. In India, for instance, around 50 per cent of its children under the age of five are undernourished or malnourished. But in urban areas, the over-nutrition problem is shooting up, thanks to the change in lifestyle and food habits. As a result, health systems are under huge stress. When there is malnutrition, there is a higher level of lower birth rate. One in three babies born in India weigh significantly low because their mothers are undernourished. undernourished. Some S ome low-weight babies die and some survive and those who survive adapt to malnutrition and scarcity. That is, the biological adaptation is programmed to maximize every calorie the body gets. This adaptation that helped a malnourished baby survive suddenly turns out to be a mal-adaptationwhen the baby becomes an adult. The adult, who was malnourished in the past, gains extra weight even when he takes only normal amount of food because of the biological adaptation. Sampling Technique: A mixture of quota and stratified method was used for sampling, with care
being taken to get responses from customers of different age groups and different fa mily sizes.
Analysis and I nterpretation
Sour ces of I f Inf or mat ion inf luencing the Pur chase Decisio n
a) Advertisement b) Children c) Doctor d) Family e) Past experience f)
Retailer
g) Word of mouth
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The respondents were asked to rank the factors in order of importance. A research was conducted on the results of the survey in order to compare the means of the ranks for the factors.We can say from the results that there is a significant difference between the ranks of the factors with a 95% confidence. The two most important factors that emerge out of the tests overall are the ³Family doctor´ and the influence of the ³Family´. This finding is an important implication for product placement. We can say that the health food drinks should appeal to the complete family rather than only a particular age group. Doctors can also be an important influencer or opinion leader and hence should be targeted in the product promotions. Some products have been promoting their products using comparative advertisements including testifications by the doctors. A second test can be conducted in the same manner taking only the cases where the people are having kids in the family. We observe that the two most important factors differ from the first scenario. The two most important factors that emerge out of the test are ³Family Doctor´ and ³Advertisement´. Thus it can be concluded that advertisements have an important influence on the families having kids or in turn the kids. This can be easily observed from the large number of advertisements directed towards the well being of kids.
Pr oduct Attr bu b i butes Inf luencing the Pur chase Decision The following product attributes were identified as influencing the purchase decisions of the customers: a) Nourishment b) Colour c) Palatability d) Economy e) Shelf-presence f)
Packaging
g) Brand Image h) Promotions The respondents were asked to score the importance of the factors on a scale of 1 to 5, with 5 being the most important. A research was conducted on the scores of the factors in order to find the most important factors. The t-test shows there is a significant difference between the scores of the various factors with a 95% confidence. We observe from the results that the two most important product attributes in making a
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purchase decision are the ³Palatability´ and the ³Nourishment´ perception in the minds of the customers. These factors turn out to be the same irrespective of whether there are children in the family or not. We then study the variance of these factors among various demographic groups by conducting the one way Anova test on the scores of these 8 factors. We studied the variance of the mean scores of these attributes among the various groups differentiated by the following factors:a) Income b) Education c) Age d) Family size The results of the Anova tests which were conducted on the data are as shown in the. We observe that there are no significant differences in the scores of the product attributes in different groups as classified by ³Income´, ³Education´ and ³Family size´ within a 95% confidence interval. However there is a significant significant different on the t he ³Nourishment´ and ³Economy´ product attributes of health food drinks. As is observed from the mean scores, the ³Nourishment´ aspect becomes particularly important for people above the age of 60. It is also important for people who are young in age i.e. less than 20. However it does not seem to be very significant for people in the age group 33- 45.
The factor analysis of these attributes is done in the following section.
Factor A r Analysis of P f Pur chase Consider ations The factor analysis of the 8 product attributes yields the following 3 factors: y
Factor I: Promotion, Shelf-Presence, Packaging & Economy
y
Factor II: Palatability, Brand
y
Factor III: N ourishment, ourishment, Colour
As factor I encompass the accessibility and affordability of the product, it can be termed as Feasibility¶.
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µPurchase
As factor II encompass the palatability and brand value of the product, it can be termed as
µLikeability¶.
As factor III encompass the nutritional value and colour, an indicator of quality, of the product, it can be termed as µUtility¶.
C ust omer S r S S e g ment at i io n The set of respondents was segmented on the basis of the demographic information namely µage-group¶, µincome-group¶, µeducation¶, µfamily size¶ etc. The cluster analysis on these demographic variables yields the following 2 clusters:
y
Cluster 1: The members ar e almost uniformly distributed distributed across all age segments s egments except under-20 in which no member lies. However, the family size is large than 3 for all the members and a majority of members having 1-2 child in the family. The cluster size is 27 respondents.
y
Cluster 2: All the members in this cluster are less than the age of 32 yrs, with the majority being less than 20 yrs. Around 90% of the members were either single or couple thus suggesting that the members were either students, or bachelor/newly-married young working professionals. The cluster size is 30 r espondents. espondents.
y
As the consumption in cluster 2 would be lower than the large families comprising kids & older persons because of less health concerns and preference for alternative beverages, the price sensitivity of cluster 2 would be low while cluster 1 is concerned about economy.
Thus, cluster 1 could be termed as µvalue-seekers¶ while cluster 2 could be termed as µqualityseekers¶.
Dif f fe r ent Br ands on Pr oduct Attr i b butes Five major selling brands were tested on the various product attributes mentioned. The brands included in the test were:
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a) Boost b) Bournvita c) Complan d) Horlicks e) Milo The respondents were asked to score each of the brands on the various product attributes on a scale of 1 ± 5. Test was conducted on the various product attributes for different brands. The number of respondents who were consuming the various brands is as shown in the pie chart. As we can observe from the graph, Bournvita is found to be the leading brand closely followed by Horlicks, while the other brands do not have a large taking from our survey.
Boost Bournvita Complan Horlicks Milo
The results of the various brands on different attributes are as follows: a) Nourishment: Horlicks scores well above all the brands as far as the nourishment attribute of
the product is concerned. The second brand surprisingly turns out to be Complan above Bournvita although there are not many takers for the brand in our survey.
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b)
Colour:
The two brands with highest main scores are again Bournvita and Horlicks. This
means that the dark brown shining colour of Bournvita is the most liked. c)
Palatability:
Bournvita scores much higher than others going with the traditions of Cadburys
tradition of taste. The second brand is Horlicks. d) Economy: Bournvita scores the highest on the economy aspect closely followed by Horlicks.
This means that the price being offered for the product is perceived as being competitive in the health food drink market. e) Shelf presence: The mean score of this aspect of Horlicks is the best followed by Bournvita.
This has to do with the distribution of the brands which appears to be the best for Horlicks f)
Packaging:
Horlicks and Bournvita score again above the rest of them on the packaging
aspect perception. This may be due to the range of SKU¶s available and also with the different types of packaging containers like p g)
Brand
Image: The mean score for brand image is the highest for Bournvita followed by
Horlicks. This means the advertising and image associations with Bournvita are very strong. h)
Promotional
schemes: Bournvita scores the highest on this aspect. The other closely
following brand Horlicks seems to be lagging on this aspect. Boost on the other hand scores high on this attribute. Thus we can well say that the market leaders are the brands who are scoring high on all of the above attributes. Though the above analysis reveals the relative performance of the brands on different parameters, attribute-based Multi Dimensional Scaling (MDS)¶ would indicate the overall positioning of these attribute-based
µ
brands. These results ar e discussed hereunder.
Attr bu b i bute-Based MDS
The tool used for this analysis is MDSX. The analysis was performed on the overall sa mples mples as well as a s on the 2 segments individually so as to gauge the difference in their perceptions. The MDS on overall sample suggests that
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Brand
Positioning Attributes
Horlicks
Brand, Nourishment, Nourishment, Shelf-presence
Bournvita, Complan
Palatability, Shelf-presence
Milo, Boost
Promotion, Economy, Economy, Colour
While the analysis on µvalue-seekers¶ Cluster 1 suggests that
Concerns
Economy,
Value-
Brand
Positioning
Complan, Horlicks
Brand,
for-money
Attributes
Shelf-presence,
Strength
Weak
Packaging, Nourishment Nourishment Bournvita
Palatability, Brand
Milo, Boost
Economy,
Weak Colour,
Strong
Promotion
The above table summarizes the existing positioning in minds of µvalue-seekers¶ and also indicates the relative strength of brands on the basis of match between the segment concerns and the positioning attributes.
While the analysis on µquality-seekers¶ Cluster 2 suggests that
Concerns
Quality,
Little
Brand
Positioning
Horlicks
Brand, Nourishment Nourishment
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Attributes
Strength
Somewhat Strong
for Bournvita
concern
Shelf-presence, Palatability
Somewhat Strong
Boost
Colour
Weak
Milo, Complan
Promotion
Weak
economy
The above table summarizes the existing positioning in minds of µquality-seekers¶ and also indicates the relative strength of brands on the basis of match between the segment concerns and the positioning attributes. None of the brands is perceived to be better on µeconomy¶ and µpackaging¶. µpac kaging¶.
Br and Lo yalt y Amo ng Customer s The respondents in the survey were asked whether they switched brands often or stick to one brand. We observe from the pie chart given that a vast majority of people never switch brands of the health food drink. Only about 20 ± 25 % people change brands sometimes.
Brand switchi switching ng
5% Never switch brands 28% Sometimes Sometimes s witch brands Frequently switch brands
67%
Another question which was asked was that of the action when a retailer does not have a brand that the consumer wants. This again indicates that only about 20 ± 25% of the customers actually buy another
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brand when the desired brand is not present in the shop. The result of the survey is as shown in the following pie chart.
Action Action if brand not present p resent
28% Go to another shop 51%
Buy another brand Ask retailer to buy
21%
We next conduct a one-way Anova test to test the brand loyalty among a mong the customers of different brands. bra nds. It is observed that there is no significant difference in the switching behaviour or the action when the brand is not available. These are the same across all a ll the brands.
Br and Per sonalit y The attribute-based MDS of the trait-brand tra it-brand matrix suggests suggests that y
µHorlicks¶ &
µBournvita¶
are perceived to be µModest¶, µHonest¶, Reliable¶ & µCheerful¶. Thus,
these brands can be personified as a µ reliable¶ and µhelping¶ friend. y
µComplan¶ is perceived to µSophisticated¶ thus it can be personified as a charming, suave and chivalrous gentleman.
y
µMilo¶
&
µBoost¶
are perceived to be µBold¶ & µSpirited¶. Thus, these brands can be personified
as fun-loving, fun-loving, adventurous and daring youth. y
None of the brands is perceived to be µtough¶ & µrugged¶ as is desired for a health product.
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satisfaction refers to how satisfied customers are with the products or services they receive from a particular agency. The level of satisfaction is determined not only by the quality and type t ype of customer experience but also by the customer¶s expectations. Customer
Database questionnaire: o
o
y
A questionnaire questionnaire of 12 questions was was prepared for the proper comparison of Bounvita with horlicks, Boost, Complan. Primary data was collected with the help of customers.
Secondary data: secondary data are those which have already been collected by someone else and which have already pass through statically process. These are various publications, newspapers, magazines, and web site to gather information already existing in the broadband.
Data analysis of Customer satisfaction with the help of Questionnaires
Q. 01 Which among the following products you usually buy? A. 01 (A) Horlicks (B) Bournvita (C) Boost (D) Complan
Q. 02 The price of which product you find better? A. 02 (A) Horlicks (B) Bournvita (C) Boost (D) Complan
Q. 03 The quantity of which product you find better?
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A. 03 (A) Horlicks (B) Bournvita (C) Boost (D) Complan
Q. 04 The packaging style of which product you find better? A. 04 (A) Horlicks (B) Bournvita (C) Boost (D) Complan
Q. 05 The quality of which product you find better ? A. 05 (A) Horlicks (B) Bournvita (C) Boost (D) Complan
Q. 06 The feature of ease of availability is available in which product out of the four ? A. 06 (A) Horlicks (B) Bournvita (C) Boost (D) Complan
Q. 07 The taste of which out of the four products is better? A. 07 (A) Horlicks (B) Bournvita (C) Boost (D) Complan
Q. 08 Does the product of your choice provides you with any scheme? A. 08 (A) Yes
(B) No
Q. 09 Out of the two brands in which one you find more variety of products? A. 09 (A) Horlicks (B) Bournvita (C) Boost (D) Complan
Q. 10 Does the nutritional content of product has any relevance for you? A. 10 (A) Yes
(B) No
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Q. 11 If yes which out o ut of the four products offer better nutritional content for your family A. 11 (A) Horlicks (B) Bournvita (C) Boost (D) Complan
Q. 12 which feature out of the following instigates you to buy the product of your choice? A. 12 (A) Family decision (B) Individual decision (C) Promotional/Advertisement instigated decision
Q. 13 which product pro duct over all satisfies you and your family? A. 13 (A) Horlicks (B) Bournvita (C) Boost (D) Complan
Q.14 Do you like the new flavours inyroduced by Bounvita? A. 14 (A) Yes (B) No
Customer satisfaction findings for Bournvita o
o o o o
o o
o
o
o
It can be concluded that most of the people prefer to t o buy bourn vita for their families. Mostly people prefer bourn vita price wise. Quantity wise people prefer bourn vita in comparison to horlicks. Women prefer more of horlicks due advertisement. Most of the respondents believe that they find huge categories of products under horlicks. Taste wise people prefer more bourn vita. People also believe that bourn vita provides more schemes for its customers in comparison to horlicks. Most of the respondents go for the nutritional contents of the products which they find better in bourn vita. Overall out of all the respondents r espondents mostly people are satisfied with bourn vita. People also prefer bourn vita packaging ± wise. 21
Customer o
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o o o
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Suggestions for Malted Health Drinks
Horlicks should reduce its prices so as to earn better profits in comparison to bourn vita. More schemes should be offered with the products so as to lure the customers. It should also try to introduce its products in category of brown bro wn flavor. Should give more emphasis on the availability of product in the market. Product should be promoted extensively through hoardings, seminars, demonstrations to the customers and also with the latest innovative schemes. Should also venture into the quiz competition co mpetition among the children, should conduct game fairs
CONCLUSION: It can be concluded from the whole survey that people prefer more of Bourn Vita( a Cadbury product) rather than Horlicks ( Glexosmith¶s product). People prefer Bourn Vita because of the fact that the prices the quality the quantity & the family inspiration are the biggest reasons for the purchase of this product. People prefer Horlicks because of better advertisement and the reason that their packaging is long lasting. Otherwise overall people are more satisfied with Bourn Vita in comparison to Horlicks because of the above mentioned reasons.
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Bibliography y
Indiastudychannel.com
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CadburyIndia.com
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Marketingprof.com
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Business.outlookindia.com
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