A Report On Byju S
A Report On Byju S
A Report On Byju S
ON
BUSINESS DEVELOPMENT AND
COMPETITOR ANALYSIS OF
THINK AND LEARN PVT. LTD
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TABLE OF CONTENTS
1. ABSTRACT......................................................................................................................5
2. SCOPE OF THE PROJECT…………………………………………………………………………………………………….7
5. IDENTIFYING COMPETITORS…………………………………………………………………………………………….13
13. ATTACHMENT………………………………………………………………………………………………………………..45
14. REFERENCES…………………………………………………………………………………………………………………..47
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ABSTRACT
The project deals with learning of Business environment of education sector with
prime focus on Business development of the organization & its products. It is
followed by understanding consumer behavior & Competitor analysis which will
benefit the organization by increasing its market share in the future. Thorough
analysis of marketing strategies used by different organizations in the sector has
been done.
Project implementation is in the following order:
1. Studying the education industries & understanding their trends.
Work executed at different stages of the project has been mentioned below:
To have an insight of the industry, I first started understanding the services &
products of the different organization on 30-April-2013
To know about our target customers I visited few campus which is affiliated by
Delhi University for instance Khalsa College, Shri Ram College of commerce and
Hindu college on 2-April-2013
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To know about our competitor s I visited their centers for instance
MBAGURU,T.I.M.E., and CAREER LAUNCHER at Connaught Place on 3-
April-2013
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Scope of the project
Think and learn pvt. ltd has been in the existence since 2008. It
has nice grip over the market as compared to its counterparts but threats of new
entrants like Edumentor, Pratham Educational services and old players like
I.M.S& T.I.M.E is present there. The project has been undertaken by keeping
business development of the organizations as the prime focus. The project report
will give the organization a view of the current market trends. The fact and
information provided in the report would give the company opportunities to
expand their business & counter the threats of its competitors. It will help the
organization increase its efficiency by learning effective promotional strategies
implementing them & shelving old ones.
Product development at the organization meeting the changing requirements of the
customers will be taken into consideration during the course of the project. As
during the project I will b involved in selling & marketing of the organization
products, it will also help me to understand the consumer buying behavior. S.T.P
analysis would be done to explore new segments thereby providing the company
with an opportunity of Business development and hence increasing their market
share. Surveys conducted towards the end would help us to know customer
satisfaction level, and effectiveness of current promotional tools used by the
company. Apart from this, it will also help me in shaping my knowledge about the
education sector.
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• Business development strategies
• Profiling
Collection of primary & secondary data, its analysis & profiling of the potential
customers would be done by telecalling.
• Ghost shopping
• Relation building
Interacting with college students and their parents in order to get an idea of what
all they expect from an institute preparing for CAT,XAT,SNAP,IIFT,MHCET and
GMAT entrance exam and also to brief them about various options one has after
Graduation.
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• Direct Sales:
Individual counseling of parents & students would be done to brief them about the
product & services offered by the company & ultimately make the enrollments by
convincing them about the products. This will benefit the company financially
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CHAPTER 1
UNDERSTANDING
PRODUCT AT THINK &
LEARN PVT LTD
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CLASSIFICATION:
The main business of Think & learn pvt ltd is of providing specialized coaching to
students preparing for CAT,XAT,SNAP,IIFT,MHCET,GMAT and UPSC exams.
The organization represents itself as a career development institute by mentoring
young graduation pursuing students as well as passed out and office employees Its
core competency lies in counseling & mentoring young students to choose the right
career path for themselves.
Products:
1.CAT
2.GMAT
3.LMS
4.UPSE
5-CET
6-AIEEE
7-IIT-JEE
8-GRE
Our Centers:
Bangalore
Chennai
Hyderabad
Mysore
Kerala
Delhi-NCR
Chandigarh
Pilani
Manipal
Ahemdabad
Kolkata
Mumbai
Pune
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Product features:
• GD/PI Training
The reference materials, books, study kit is provided to the customer at the time of
enrollment. Worksheets are distributed every day. Mock tests, simulated and
assessment test are conducted at regular interval. A G.D/P.I session is given
towards the end of the course. All the products are complete classroom
programmed.
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CHAPTER 2
IDENTIFYING
COMPETITORS
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COMPETITOR ANALYSIS
Competitor analysis is a critical part of a firm's activities. It is an assessment of the
strengths and weaknesses of current and potential competitors, which may
encompass firms not only in their own sectors but also in other sectors. Directly or
indirectly, competitor analysis is a driver of a firm's strategy and impacts on how
firms act or react in their sectors. Analysis is an essential component of corporate
strategy; most firms do not conduct competitor analysis. They operate on what is
called “informal impressions, conjectures, and intuition gained through the tidbits
of information about competitors every manager continually receives.” As a result,
it places many firms at risk of dangerous competitive blind spots due to a lack of a
complete competitor analysis.
In utilizing competitor analysis as part of strategy formulation, firms are able to
adapt or build their own strategies and be able to compete effectively, improve
performance and gain market share in their businesses. In a large number of
instances, firms are able to tap new markets or build new niches. In any business
the main motive is to offer something better than the competitor.
Competitor analysis framework focuses on four key aspects:
• Competitor's objectives,
• Competitor's assumptions,
• Competitor's strategy,
• Competitor’s resources and capabilities
List of competitor
Career launcher
T.I.M.E.
MBAGuru
IMS
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Competitors Reach
T.I.M.E. NATIONAL
CAREER LAUNCHER NATIONAL
MBAGURU DELHI/NCR,AGRA AND
NAGPUR
I.M.S. NATIONAL
COMPETITOR’S PRODUCTS
ABOUT T.I.M.E.
According to T.I.M.E. It is the first institute to offer all-India Mock CATs on the
lines of the new cat on the line of new pattern, true to its reputation of being the
fastest to adapt to the changing CAT.The testing interface of T.I.M.E. AIMCATs
and other practice tests is modeled on the same lines as CAT pattern . T.I.M.E. is
offering different formats of online tests like BITSAT,GRE test,GMAT Exam and
TOEFL,Ibt to its students.
T.I.M.E. OFFERINGS(Computer-based test package)
19 AIMCATs(including 10 invigilated test)
9 CAT replica Test
13 Mock CATs
150 sectional tests covering covering all topics
In addition, following paper pencil tests are also offered:
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1 AIMCAT
1 CAT Replica Test
2 Mock CATs
Started in a small room of 120 square feet on 26th May,1992 in Hyderabad with
one centre, T.I.M.E. has just completed 20 years of service to the student
community – helping to build a few hundred thousand careers along the way. From
one office to 200 offices has been a long and satisfying journey for T.I.M.E.'s
promoters who had chucked their high flying corporate jobs to pursue their dream
and passion.
T.I.M.E. has achieved an important milestone of training more than 11.5 lakh
students since inception and over 1.75 lakh students in the last year alone for the
various entrance examinations. More than 75,000 students trusted T.I.M.E. for
their preparation for the CAT 2011
CAT2011 Results
IIM IIM IIM IIM IIM IIM IIM IIM IIM IIM IIM IIM IIM
Institute Total
A B C L I Kozhikode Shillong Raipur Ranchi Rohtak Trichy Kashipur Udaipur
T.I.M.E.Students
198 210 332 620 463 312 330 821 16 479 329 761 13 4884*
selected
According to board of Directors Company’s good growth record of the past years,
the revenue of the Company grew by 22% over the year and the Profits before
Taxes grew by 13% during the same period.
Over the last 15 years, CL has established itself as a national player in the field of
test prep. Today, it functions across a broad spectrum of educational services
including K-12 school, higher education and vocational training Currently, CL is
present in 175+ cities/towns of India with educational infrastructure in the form of
learning centers in excess of 225 in number. The total inclusive manpower of CL is
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in the region of about 3000 with 65% of this being only
teachers/trainers/academicians. CL also has international presence in Dubai and
Abu Dhabi and offers various educational services to its students in these
countries.
ABOUT MBAGuru
VISION
We reach out so that you can reach up and beyond
MISSION
We will become the most trusted provider of customized educational content and
services, offering material and/or guidance to each learner to help him/her discover,
reach and exceed his/her intellectual, moral and aesthetic potential.
ABOUT I.M.S.
an institute with over 34 years of experience in shaping success stories. Our motto
is to mentor, motivate and guide our students and all those who interact with us in
order to enable them to make the right career decisions.
IMS is the leader in Management Entrance training. The institute has been ranked
4th in the education sector and 44th amongst the Top 50 Most Trusted Service
Brands across India (AC-Nielsen & Brand Equity, December 2003). Today, IMS
has spread its wings across India with more than 90+ centers and over 50,000
students, successfully making it to some of the most prestigious institutes in India
and abroad.
Market shares of major players in the market for 2010
T.I.M.E. 1250
CAREER LAUNCHER 1600
IMS 3700
Source: author compilation of various secondary sources
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Market share of major players in the market for 2011
T.I.M.E. 1300
CAREER LAUNCHER 1450
IMS 3900
Source: author compilation of various secondary sources
4 T.I.M.E.
3.5 Career Launcher
3 I.M.S.
2.5
2
1.5 I.M.S.
1 Career
0.5 Launcher
0
T.I.M.E.
2010
2011
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CHAPTER 3
MARKET LEADER
ANALYSIS
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From the facts & information collected from various primary & secondary sources,
it is quite clear that I.M.S, Career Launcher & T.I.M.E are the top competitors of
Think And Learn Pvt Ltd. Profiles of the following institutes have been given
below.
IMS-
1. An institute with over 34 years of experience in shaping success stories.
2. Leader in Management Entrance training. The institute has been ranked 4th in
the education sector and 44th amongst the Top 50 Most Trusted Service Brands
across India
3. IMS has spread its wings across India with more than 140 centers and over
50,000 students, successfully making it to some of the most prestigious institutes in
India and abroad.
4. People get into the best colleges after completing their classes in IMS. It is an
institute with maximum no. of enrollments in consecutive years
• PRICING – The pricing of I.M.S products are slightly high as compared to other
players in the market. Major factors influencing I.M.S pricing is its brand value &
quality service. Its pricing strategy is mainly dependent on
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• PROMOTION – IMS unique selling point is its brand image all over the country.
During their promotions they make sure that masses get to know about the fact that
they are the market leader. Their previous year results reflect the quality service
offered by them. Being a major player of the industry it enjoys Brand
Reorganization, high financial resource back up. Capital intensive promotion is
employed by them.
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CHAPTER 5
PROMOTIONAL
STRATEGY
FOR THINK & LEARN PVT
LTD
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INTRODUCTION
The major work that I was assigned was to understand the company objectives, its
customers, company limitation and then to decide a marketing strategy for the
organization which would increase its brand awareness and ultimately lead to its
business development.
There are basically two categories of sales promotion:
Above the line is a type of advertising through media such as TV, cinema, radio,
print, banners and search engines to promote brands. Major uses include television
and radio advertising, web and Internet banner ads. This type of communication is
conventional in nature and is considered impersonal to customers. It differs from
Below the line advertising, which believes in unconventional brand-building
strategies, such as direct mail and printed media (and usually involve no motion
graphics).These strategies require huge amount of investments and are majorly
Capital intensive.
These are short-term incentives, largely aimed at consumers. With the increasing
pressure on the marketing team to achieve communication objectives more
efficiently in a limited budget, there has been a need to find out more effective and
cost efficient ways to communicate with the target markets. This has led to a shift
from the regular media based advertising. These strategies involve high level of
ground work involving manpower and hence are more of Labor intensive
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Before starting promotions, sales forecast is done to decide the amount to be spent
on the promotions based on the revenue expected from the product. Successful
advertising depends on knowing the preferred methods and styles of
communications of the target markets that has to be reached with the ads.
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SEGMENTATION
A segment is a group sharing one or more characteristics that cause them to have
similar product and/or service needs.
A true market segment meets all of the following criteria:
• It is distinct from other segments (different segments have different needs)
• It is homogeneous within the segment (exhibits common needs)
• It responds similarly to a market stimulus
• It can be reached by a market intervention
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BASIS OF SEGMENTATION
Segmentation of an organization can be done depending on many variables:
Demographic
• age ,gender , family life cycle, education , income, occupation
• Socioeconomic, religion, nationality , language
Geographic
• Region, Country , Climate
Psychographic
• Attitude, personality, life style
Behavioral
• product usage rate, brand loyalty, product end use
• readiness-to-buy , profitability, income status
SEGMENTATION
Think and learn defines its segment on the basis of Demographic Variables, i.e.
age, education and income. The management coaching is provided at graduate
level, so students are required to be segmented on their age i.e.; 21-22 age group,
their educational specialization i.e. Science, Commerce, and Arts etc. Income of
family helps to segment the students and thus facilitates think and learn to plan its
target audience more accurately.
TARGETTING
For any organization serving all the segments is not possible , so specific segments
have to be targeted which can be most beneficial for the organization .Think and
learn decides its target audience to be students of graduation or passed out. Apart
from this, students with specific interest in civil services, engineering and medical
etc. are also targeted .The parents of these students act as the Opinion leaders and
Decision makers & at a later stage in the season as target audience too.
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POSITIONING
It is 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. Most of the
competitors serve more than one segment, with no clear positioning of a specialist
management coaching institute. Many players have positioning in terms of
Quality-Prices model, others on basis of faculty and so on. And if we talk about
CSAT I think there is no comparison than others.
The local players in the market are restricted to use Labor intensive strategies but
its drawbacks are that it gives relatively a cheap image of the organization.
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Few of the labor intensive strategies are:
1. Direct sales
2. Sales promotion
3. Endorsements
4. Public relations
5. Trade show
6. Person selling
• H.R.: The next major constraint for the promotional campaign was the
insufficient Human Resource availability as the majority of the people were
inexperienced and had to be trained in the limited span of time.
Methods suggested
Analyzing all the above factors , right mix of both above and below the line
marketing strategies has to be used to generate positive leads .Few of the methods
which can be introduced or continued further are :
Direct mail:
Mails were sent directly to the customers(students giving university
examinations)highly customized, giving them tips regarding exams and
information about form details of entrance exams with an immediate calling
helpline to generate response.
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Educational newspaper (booklet distribution)
The board center activity is one of the major business development and
promotional activity .The activity was designed in such a way that maximum
number of target audience can be covered in the limited span of time. we are
supposed to cover maximum number of colleges in assigned zones(North zone in
my case) which is the hub of students.The work schedule of the activity includes:
• Information newspaper & Booklet distribution to students and parents
• Database collection
The same activity is conducted by Edumentor too. But they are more focused on
counseling of students during this phase but we have to focus on inviting
customers to an educational seminar, where the can later counsel parents. This
activity reflects good image of the organization to the masses.
Bank Centre Activity: Started by Edumentor, one of the most effective strategies
of hitting the right customers at the right time. In this the organization tie – ups
with major banks where forms of entrance exams are available. Customers are
counseled on the spot.
Internet: One of the most effective tools used in the modern world. Blogs, paid
ads, social networking sites are big hit and generates good no. of positive response
from the customers.
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Sales Flowchart :
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During the project, I was involved in each of the activity of the marketing and
development. I went to various colleges under Delhi University for our marketing
activity, I searched few book stores near Karol Bagh to find out materials of
UPSC. I have been visited few top coaching institutes to know their strategy,
pattern and other factors. Also I got the fee related information
If you pay 5000Rs. After filling the form at office they will give you a discount of
rupees 2500Rs.
They are giving a discount of rupees 4000 as celebration discount and other
discount of rupees 1000.
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CHAPTER 6
BUSINESS DEVELOPMENT
AT SOUTH DELHI
CENTRE
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After finishing major part of promotions for the company, Think and learn have
maximum enrollments at Karol bagh centre thus to continue this record for the
company is a great challenge.
Apart from that we are planning to open up a new center in south Delhi
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CHAPTER 6
CUSTOMER
SATISFACTION SURVEY
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Customer satisfaction surveys provide the tools to improve organizational
performance & profitability. Customer loyalty & satisfaction levels can be
determined by analyzing the data gathered from our survey questions. It can help
the organization with the following:
• Discover new product & service development ideas
• Determine what makes your customers loyal
• Understand customer issues & relationship to your employees
• Achieve a competitive edge with satisfied customers
For the research, a survey of 15 questions was formed and 40 respondents (Smart
Careers’ students & parents) were surveyed. The analysis below shows the
findings of the questions that were asked in the questionnaire.
Ans-(a)Yes (b) No
Ans-(a)Yes (b)No
Ans-(a)Yes (b)No
Q7. Do you think that sufficient numbers of classes were allotted for all the
subjects?
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Ans-(a)Yes (b)No
Ans-(a)Yes (b)No
Ans-(a)Yes (b)No
Q14. Did you like the management at Think and learn pvt ltd?
Ans-(a)Yes (b)No
Q15. Will you refer Think and learn pvt ltd to your friends/relatives in future?
Ans-(a)Yes (b)No
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SWOT ANALYSIS
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STRENGTHS- CAT is our biggest strengths and we have got lot of
awards.CSAT is familiar among students in Delhi. Think and learn pvt
ltd,A leading provider of satellite and tablet based educational training
and test preparation solution. Selection of one student in IIM out of
every 8 students.
WEAKNESS- Non availability of doubt solving faculty at every center.
VSAT problems like breaking of videos in between the class. Our
broacher should be more attractive including our faculty members and
toppers. We need a guy at main center so that he can entertain the people
in front of the center. A small renovation should also be considered at
our main office where foot fall is more than other center.
OPPORTUNITY- We can open up few more branches after a
marketing activity and where people gathering is more. If Byju sir will
start taking classes, our number of student could be increase. Starting up
medical and engineering courses would be profitable. Starting up a new
batch for two months (crash course) would be useful for us as no
company is providing this course in these days.
THREATS- Few competitor s are already there in the market that offers
engineering and medical coaching and have good number of students so if we start
medical and engineering as our new product we need to have a proper and
structural plan otherwise it can be change in failures
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CHAPTER 7
LEARNING FROM THE
PROJECT
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By far the project has given me immense exposure of the marketing environment
& the education sector. There has been learning at each stage of the project. Lot of
responsibilities during the project has helped me to explore the industry
completely.
Few of my learning at the organization have been listed below:
From BUSINESS:
I. Understanding education industry and their trends.
II. Competition in Education industry
III. Understanding organizational structure & their responsibilities.
IV. Employer & Employee relationship
V. Business development activities
VI. Flexibility for learning different skills
From INDUSTRY:
I. A little variation in the pricing strategy of the competitors may divert lot of
customers. So, a continuous check over competitor’s products & prices should be
kept.
II. In an education industry which has a seasonal operation, promotional strategies
are needed to be updated almost every other day to have an edge over the
competitors.
III. Advertising in the form of educational newspapers is the best marketing tool in
the education industry.
IV. A good mix of capital intensive & labor intensive techniques should be used in
the promotional activity & it should be influenced by the demographic factors.
V. Quality of service should be the last resort of any organization.
VI. While deciding on promotional strategies or distribution material, nothing
should be left on the customer to comprehend; a simple language creates a greater
amount of response rather than using bombarded words.
VII. In outdoor publicity activity is always mentally and physically tiring, hence
rotation of workforce to different centers is important to reduce monotony in work.
VIII. Promotional activities are all about response generation. During this, the
masses should get a strong reason to respond.
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From CUSTOMERS:
I. Customer relationship management with new, existing & also with those
customers who reject the product.
II. Understanding customer needs & dealing with them differently.
III. Profiling of potential customers.
Other Learning:
I. Grooming personality
II. Time management
III. Team management skills
IV. Team player & leadership skills
V. Communication & interpersonal skills
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CHAPTER 9
CONCLUSION &
RECOMMENDATIONS
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The research work is still incomplete but at this stage following conclusions &
recommendations can be drawn from the findings.
The company is operational on seasonal basis. All the selling, marketing &
distribution activities are conducted only for five months (January - June). This
intern has restricted the revenue growth of the company for limited period.
Hence, the company can bring educational packages that provide the coaching for
a year or two year comprehensive test preparation, by which the company will be
operational throughout the year resulting in increase of its market share.
Currently there’s only one segment of the audience that has been tapped by the
company i.e., students preparing for CAT programs. Because of this products
offered by the company is also less as compared to its competitors I.M.S, T.I.M.E
& Edumentor.
Majority (say, 80 %) of the workforce in the organization is part time or full time
interns. Recruitment of the workforce is done on a random basis as the company
doesn’t have a responsible H.R division. With permanent employees in the
organization cost of training the new employees can be saved.
Incentive based sales will ensure quality work & hard work from the workforce.
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ATTACHEMENT
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Please share your experiences and tell us how we can serve better?
…………………………………………………………………………
……………………………………………………………………….
………………………………………………………………………..
………………………………………………………………………….
NAME………………………
ADDRESS………………….
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REFERENCES
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• Information booklet of Think and learn
• Information booklet IMS
• Information booklet of T.I.M.E.
• Career & Education Times , New Delhi
• Websites :
http://www.imsindia.com
http://www.edumentor.co.in
http://www.en.wikipedia.org
www.smartcareers.co.in
www.careerlauncherindia.com
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