marketing management final term paper by mushfiqul haque mukit
DESCRIPTION
This proposal is intended for obtaining the approval of carrying out the marketing term paper on The topic - “FACTORS INFLUENCING CONSUMERS’ BUYING PATTERN TOWARDs WIMAX MODEM IN BANGLADESH- a study on BANGLALION WiMax Modem.” In order to fulfill the requirements of conducting the practical marketing term paper for the course of “Marketing management (MKT201)”. WiMax internet is a new wireless internet technology to the Bangladeshi internet users, which has been emerging during the last two years and replacing the broadband services at a fairly quick pace. Though previously there have been some wireless internet service providers operating in the industry, due to various reasons like high prices and low coverage, the concept of wireless internet service couldn’t make its place in the crowd. However, Banglalion Communication Ltd. promised to remove these shortcomings two years back and quite successfully have started their operations. The significance and objectives of the term paper, design of the research methods and schedule of the report submission are clarified throughout the upcoming sections. * May Be There have some mistake please avoid and check it again...Thanks. **I love and like to Help and if anybody be grateful to my job please don't forget to mail me.... :P Best Regards, Mushfiqul Haque Mukit East West UniversityTRANSCRIPT
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Submitted to:
Mahmud Zubayer
Sec-3
MKT201
BBA Department
Date:22.11.2012
Factors Influencing Consumers Buying Pattern towards Wimax Connection in Bangladesh.
(A study on Bangla lion)
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Group Members
Name ID
Tanjeeb Hossain Mazumder 11-3-10-093
Mohammad Mushfiqul
Haque Mukit
10-2-18-010
Nur-E-Hasin 11-3-10-137
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Acknowledgement
The unavoidable truth of the world is that behind any successful work there must be hand of
others. And we feel that our report for the course of The Marketing Management on one of the
most promising and important topics of the today’s business world “Factors influencing
consumers buying pattern” is a great key to success as any business should analyze factor
related to this before starting or planning their business and behind this achievement we need
to realize enormous help and organized comments of some helpful personalities.
Our first pledge of gratitude goes to our honorable course teacher Mahmud Zubayer, who gave
us the opportunity to prove our abilities in formatting a quality report, Not only that he was
always ready to lend a hand to solve our any sort of problems regarding the report as this will
let us know so many things that we were not aware of before and help us to gain practical
knowledge about that factor which influencing consumers buying pattern in Bangladesh. We
really feel proud of being his beloved students.
We are really thankful to some of our friends and well-wishers who were the real viewers and
helpers of this report. They always gave us new ideas and views to improve the quality of the
report. And they also were our source of aspirations of doing good job forever and a day.
Our parents, who are the closest person of ours in the world support and guide us while
preparing the report. We are obliged to them also.
Eventually, we recognize the Almighty who has blessed us with the abilities and patience of
doing any tough job easily.
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Table of ContentSerial No Topic Page No
01 Acknowledgement 302 Table of Content 403 Executive Summary 6
Chapter-1 (Introduction) 704 Objective of the study 8
05 Company profile 9-12Chapter-2 (Methodology of the study) 1305 Research method06 Primary sources07 Secondary sources
Chapter-3(Strength & weakness)12 Of the brand from an image perspective 1413 Of the product 15
Chapter-4 (factors influencing consumers’ buying pattern)15 Cultural factor 1616 Social factor 1617 Personal factor 1718 Psychological factor 1719 Buying decision process 1920 Defining marketing mix 20-21
Chapter-5 (Data analysis & interpretation) 2221 Statistical view 23-28Chapter-6 (Recommendations)22 Recommendations for bettermentSources
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Letter of Transmittal
November 22, 2012
Mahmud Zubayer
Assistant professor
Department of Business Administration.
Subject:-Submission of Assignment.
Sir,Most fervently this is to inform you that our great pleasure is to submit the assignment on segmentation, selection of target market and positioning of Bangla Lion. This assignment speaks about the Bangla lion internet modem. All the works presented here have been done with utmost sincerity. We have tried our level best to make this assignment comprehensive and informative which is according to the instruction that you have given us.
Encouraged by your mentoring we went beyond typical ‘observe –describe’ manner in preparing this report. Our endeavor was to attain a thorough understanding of the marketing strategy of a company.
Nevertheless, it will be our pleasure to clarify any matter regarding this assignment, thanking you and looking forward to receiving your cordial approval of our submission.
Sincerely yours,
Tanjeeb Hossain MazumderID: 11-3-10-093
Nur-E-HasinID: 11-3-10-137
Md.Mushfiqul Haque MukitID: 10-2-18-010
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Executive Summary
This proposal is intended for obtaining the approval of carrying out the marketing term paper
on
The topic -
“FACTORS INFLUENCING CONSUMERS’ BUYING PATTERN TOWARDs WIMAX MODEM IN
BANGLADESH- a study on BANGLALION WiMax Modem.”
In order to fulfill the requirements of conducting the practical marketing term paper for the
course of “Marketing management (MKT201)”.
WiMax internet is a new wireless internet technology to the Bangladeshi internet users, which
has been emerging during the last two years and replacing the broadband services at a fairly
quick pace. Though previously there have been some wireless internet service providers
operating in the industry, due to various reasons like high prices and low coverage, the concept
of wireless internet service couldn’t make its place in the crowd.
However, Banglalion Communication Ltd. promised to remove these shortcomings two years
back and quite successfully have started their operations. The significance and objectives of the
term paper, design of the research methods and schedule of the report submission are clarified
throughout the upcoming sections.
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INTRODUCTION
WiMax, the “Worldwide Interoperability for Microwave Access” is for mobile broadband
internet. It provides wireless data in a variety of ways, from point-to-point links to full mobile
cellular type access. WiMax internet also enables the users to experience rich multimedia
services on the go. This technology has the potential to do the same to broadband internet
access what cell phones have done to telephone access. It could replace cable and DSL services,
like how many people have given up their "land lines" in favor of cell phones. In recent days,
especially during this year and the previous year the internet service providing industry has
experienced a huge change that involved many new users subscribing in WiMaxservices and a
number of users of other means of internet services switching to the newly introduced service.
Banglalion Communications Ltd. introduced the people of Bangladesh to this wireless internet
service with a long list of promising service.
It has announced to be provided upon their launching. However, the company since then has
been spreading its network and coming up with new promotional efforts every day.
Banglalion announces, “We are committed to build a connected Bangladesh
Through wireless telecom solutions and create a new impact on our business, society,
economy,
Lifestyle and people surrounding us”
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Objectives of the Study
The primary objective of this study is to find out the -
“FACTORS INFLUENCING CONSUMERS’ BUYING PATTERN TOWARDS BANGLALION WIMAX
MODEM IN BANGLADESH”
SPECIFIC OBJECTIVES:
Being specific, the research should provide information on the following questions
(components of the broad problem statement) –
1. What are the factors contributing in customer satisfaction in terms of internet
services?
2. Do these factors vary when it comes to wireless internet service?
3. How Banglalion doing in terms of these factors?
4. How do the customers perceive the brands overall?
5. What are the influences working behind this perceived va
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COMPANY PROFILE
About banglalion:
Banglalion Communications Ltd (Banglalion) is the largest 4G Wireless Broadband operator in
Bangladesh which is using WiMAX technology at present and obtained nationwide license from
BTRC to provide Broadband Wireless Access services. Banglalion license covers Data, Voice and
Video. Banglalion now covers 7 divisional headquarters and 30 major districts of Bangladesh
and expanding rapidly with a goal to cover the whole country by the end of 2012. Banglalion is
proud to declare that it is the largest 4G network of Bangladesh in terms of coverage,
subscriber number and revenue.
The Technology:
Banglalion is now using the latest 4G WiMAX (Wireless Interoperability for Microwave Access)
technology allowing you to get as fast as 2 mbps speed which enables you to enjoy high speed
wireless mobile connectivity. Banglalion understands that people and businesses in Bangladesh
need and want faster, accessible, and affordable wireless broadband services. Banglalion is
working hard to ensure those. Banglalion is committed to bring the best of technology to you
by upgrading the technology as and when available.
Mission, Vision, Values:
Mission
Bring increased access to information.
Enable greater options for connectivity through mobility.
Empower more people to embrace a knowledge-based lifestyle.
Encourage development and dissemination of local content.
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Vision
“Banglalion strives to be the preferred wireless broadband provider for fastest access to useful
information and entertainment for a knowledge rich community”
Values:
Customers come first
Empowering people
Flexibility
Transparency
Community responsibility
Postpaid Packages
As of November 2012, Banglalion offers 13 different postpaid internet packages. These
packages come in different speeds and data volume options.
Banglalion's postpaid packages come in three different speeds. They are; 512 Kbits/s (Called
"Safari" packages), 1 Mbits/s (Called "Voyage" packages)and 2 Mbits/s (Called "Expedition"
packages).
Banglalion packages come with four different data bundles for the packages mentioned above.
They are; 7 GB, 14 GB, 25 GB and unlimited data (called "KING"). The 512 Kbits/s package also
has a 4.5 GB bundle which other packages don't have.
Prepaid Packages
As of November 2012, Banglalion offers 3 different prepaid internet packages. These packages
come in different speeds. The customer has the option of buying scratch cards to buy data
volume.
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Banglalion's prepaid packages come in three different speeds. They are; 256 Kbits/s, 512 Kbit/s
and 1 Mbits/s.
Banglalion offers three different scratch cards which customers can use to buy data. They are;
Tk. 150 which offers 450 MB usage with 10 days validity, Tk. 400 which offers 1.5 GB usage with
30 days validity and Tk. 600 which offers 2.5 GB usage with 30 days validity
Coverage
Banglalion currently covers 8 divisional
cities Dhaka, Narayanganj, Chittagong, Sylhet, Rajshahi, Khulna, Rangpur & Barisal. Major areas
of Dhaka city is already under its strong network and hoping to spread throughout the entire
country by the second quarter of 2013. Banglalion has already made a strong presence in
Chittagong by covering most major areas in the city with about 20+ BTSs. Meantime, network
rollout in other major cities such as: Munshiganj, Gazipur, Mymensingh, Comilla, Noakhali,
Laxmipur, Satkhira, Bogra, and Cox's Bazar have already begun.
Future Services of Banglalion:
Mobile IP Telephony.
E-Learning.
E-Entertainment
Video Conferencing.
Secured VPN
ATM Connectivity
IP PABX.
E-Health.
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MAN for Corporate offices having presence in different locations.
Remote Surveillance
Online Gaming Service
Company Information:
Banglalion Communications Limited is the largest 4G Wireless Broadband service provider of
Bangladesh in terms of coverage, subscriber number and revenue.
Banglalion was incorporated on September 05, 2008 as a private limited company.
Bangladesh Telecommunication Regulatory Commission (BTRC) awarded the Broadband
Wireless Access (BWA) operator license to Banglalion on November 18, 2008.
Banglalion became a public limited company on May 07, 2011.
Banglalion is planning to be listed with Dhaka & Chittagong Stock Exchange by mid of 2012.
The Authorized capital of Banglalion is BDT 5 (Five) billion, as of June 2011.
As of June 2011, the total investment in Banglalion is more than BDT 4.5 billion.
As of September 2011, Banglalion has a total workforce of more than 600 employees.
Banglalion Corporate Headquarter is located at Gulshan, Dhaka.
Major Shareholdings of Banglalion is as follows:
Shareholders Number of Shares Number of
Shareholders
% of Total
Sponsors
(Company/Institutions)
38,550,000 4 97.72%
Other shareholders (in
person)
900,000 6 2.28%
Total Shares 39,450,000 10 100%
Board of Directors:
Major (Retd.) Abdul Mannan Chairman
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Brig Gen (Retd.) Khaled A Karim Director
UmmeKulsumMannan Director
Mahmood Malik Director
SOURSES
Primary sources
METHODOLOGY OF THE STUDY
It is a descriptive natured report related with Market research. Data for this report is about real
life example has been collected by survey, directly meeting with the topic related people of
Wimax companies in Bangladesh. But most of the data that are needed to complete the report
has been collected from the secondary data sources like- Internet, journals, articles and books.
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Strengths and Weaknesses of the brand form an Image Perspective
Strengths:
Brand name
Colorful company logo
Marketing strategy and advertisement
E-Marketing
Event sponsor and participations
Weaknesses:
Unrelated logo and name with the core product
Missing specific mission or vision statement
Less Coverage for marketing and distribution
Lack of positive customer feedback
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Strengths and weaknesses of the product or service:
Strengths:
Internet speed is as good as told
Network Covered areas has the strongest network frequency as required
Online payment system made its customers more satisfied in terms of paying bills
Continuous and unbreakable packet delivery.
Flexible Pre-Paid service than other competitors
Weaknesses:
Lack of Network coverage
Dissatisfaction of customers because of Improper customer care management
Insufficient product category according to customer needs
High price of the product and service does not meet customer desire
Real time customer support and service management is not there
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Factors influencing consumers buying pattern towards Banglalion:
Cultural Factor:Cultural factors comprise of set of values and ideologies of a particular
community or group of individuals. It is the culture of an individual which decides the
way he/she behaves. In simpler words, culture is nothing but values of an individual.
What an individual learns from his parents and relatives as a child becomes his culture.
Business houses all over the world are using internet for the expansion of their
communication. The Product ‘’Banglalion’’ culturally established by the beliefs, values
and norms that largely defines their customer tastes and preferences. People absorb
almost culturally but not accepted it globally. World perceptions and pull marketing
can’t catch local customer and can’t change their relationship with local brand like
“Banglalion”.
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Social Factor:Social factors play an essential role in influencing the buying decisions of
consumers. Human beings are social animals. We need people around to talk to and
discuss various issues to reach to better solutions and ideas. We all live in a society and
it is really important for individuals to adhere to the laws and regulations of society.
Social Factors influencing consumer buying decision can be classified as under:
Reference Groups:Every individual has some people around who influence
him/her in any way. Reference groups comprise of people that individuals
compare themselves with. Every individual knows some people in the society
who become their idols in due course of time. Co workers, family members,
relatives, neighbors, friends, seniors at workplace often form reference groups.
Sometimes potential “Banglalion” buyers can get idea from this group.
Immediate Family Members:
Relatives
Role in the Society: Each individual plays a dual role in the society depending on
the group he belongs to. An individual working as Chief Executive Officer with a
reputed firm is also someone’s husband and father at home. The buying
tendency of individuals depends on the role he plays in the society.
Status in the society: An individual from an upper middle class would spend on
luxurious items whereas an individual from middle to lower income group would
buy items required for his/her survival.
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Personal Factor:Each person's distinct personality influences his or her buying behavior.
Personality refers to the unique psychological characteristics that lead to relatively
consistent and lasting responses to one's own environment. Personality is usually
described in terms of traits such as self-confidence, dominance, sociability, autonomy,
defensiveness, adaptability, and aggressiveness. Personality can be useful in analyzing
consumer behavior for certain product or brand choices.
For example, Banglalion marketers have discovered that highly uses of its modem tend
to be high on sociability. Thus, to attract customers, Starbucks and other cyber net
houses create environments in which people can relax and socialize on using of
steaming Banglalion net connections... Personal factor includes
I) Age and life cycle stage (ii) Occupation (iii) Economic situation (iv) Lifestyle (v) Personality and self
concept.
Many marketers use a concept related to personality—a person's self-concept (also
called self-image). The basic self-concept premise is that people's possessions
contribute to and reflect their identities; that is, "we are what we have." Thus, in order
to understand consumer behavior, the marketer must first understand the relationship
between consumer self-concept and possessions.
Psychological Factor:The consumer buying process is a complex matter as many internal
and external factors have an impact on the buying decisions of consumers. Consumers
do not spend much time thinking about the purchase of low value products which are
bought on impulse. Manufacturers of such products will need to implement strategies
that encourage consumers to buy on impulse from them instead of their competitors.
Now-a-days internet service providers are growing on a large scale, This is why people
are think and asking for existing user advice before going to purchase, In case of
Banglalion wimax connection purchase people think a lot more than other broadband
service because it depends on wireless network and it’s coverage and also its product
category depending on what device can be used for better reception. On the other hand
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this more psychologically complicated product in Bangladesh in terms of getting a
internet connection. When consumers purchase high value products or non impulse
products, they often go through a set process. This process is discussed below. On the
next page there is a discussion of what influences consumer buying behavior and the
different types of buying behavior. Basically these Factors surrounded by Psychological
factors are-
I) Motivation (ii) Perception (iii) Learning (IV) Belief and attitudes
Motivation:-Motive (drive) a need that is sufficiently pressing to direct the person to
seek satisfaction of the need
Perception:-The process by which people select, Organize, and interpret information
form a meaningful picture of the world.
Learning:-Changes in an individual’s behavior arising from experience.
Beliefs and attitudes:-Belief is a descriptive thought that a person holds about
something
Attitude, a Person’s consistently favorable or unfavorable evaluations, feelings, and
tendencies towards an object or idea.
Buying Decision Process: Behind the visible act of making a purchase lays a decision
process that must be investigated. The purchase decision process is the stages a buyer
passes through in making choices about which products and services to buy.Five Stages
of Consumer Behavior:
1. problem recognition,
2. information search,
3. alternative evaluation,
4. purchase decision, and
5. Post-purchase behavior.
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Define the market mix: The marketing mix is . . . The set of controllable tactical
marketing tools – product, price, place, and promotion – that the firm blends to produce
the response it wants in the target market. [ Kotler and Armstrong -2010 ]
The concept is simple. Think about another common mix - a cake mix. All cakes contain
eggs, milk, flour, and sugar. However, you can alter the final cake by altering the
amounts of mix elements contained in it. So for a sweet cake add more sugar! It is the
same with the marketing mix. The offer you make to your customer can be altered by
varying the mix elements. So for a high profile brand, increase the focus on promotion
and desensitize the weight given to price. Another way to think about the marketing mix
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is to use the image of an artist's palette. The marketer mixes the prime colors (mix
elements) in different quantities to deliver a particular final color. Every hand painted
picture is original in some way, as is every marketing mix. Let’s look at the elements of
the marketing mix in more detail.
The marketing mix, also known as the 4P’s - product, price, promotion, anddistribution
(place) - translates into actions that should be performed in order toinfluence the
buyer.As per CECCONELLO and AJZENTAL (2008, p.163), and KOTLER(2009, p. 126), the
4P’s are described as:
Product:
Attributes of any good, service, idea, person, institution, etc. potentially has an
exchange value. It is featured byvariety, quality, design, brand, package, size, warranty,
reimbursement.
Price:
Attributes that reflect the cost of the product to the consumer,as the price itself,
payment conditions, acceptance or not of creditcards among others. It includes price
list, discounts, licenses,payment deadline, credit conditions.
Distribution (Place):
It is everything that relates to the distribution,physical location and logistics to make the
product arrives to thefinal consumer. It consists of channels, coverage, location, stock,
transport.
Promotion:
It is the active communication process of the attributesand benefits of a product for the
intended target market. It is characterized by sales promotion, advertisement, sales
force, public relations, direct marketing.
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CECCONELLO and AJZENTAL (2008, p.164) state that when a service isbeing offered,
three more P’s may be added to the 4P’s:
People:
They are the individuals involved in the service delivery (how they are trained, how they
behave in the service delivery, etc.
Processes:
Consist of the activities that the individuals perform to provide the service delivery
Physical evidence
: It is an element of the marketing mix which customers can actually experience or
visualize when they use a service, and which contributes to the perceived quality of this
service. It is the place where the service is delivered (airplane, doctor’s clinic,etc).
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Data analysis and interpretation:
Why customers buy Banglalion modem?
After analyzing the data, we have found some factors for which the consumers get influenced
the most:
Dedicated network for data/ internet service
The largest & fastest growing 4G WiMAX operator in the country
The only 4G WiMAX operator with a strong presence in 7 (seven) divisional cities and
more than 30 district head quarters
Stable and High-speed internet
Charges are on actual usage, upto byte level
Suitable for both Windows and Mac operating system
Above all, convenient internet plans
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Data analysis and interpretation:
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Source:http://www.banglalionwimax.com/
https://www.facebook.com/sayhalum
Here the graph shows, about the thousands of subscribers by year. At present, Banglalion
WiMax has 2,50,000 subscribers. Banglalion WiMax launched at the end of September 2009
and crossed 25,000 subscribers. But later in 2010 subscribers of Banglalion Wimax were 1,0000
and in 2011 they achieved more 1,00000 subscribers.
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Source:http://www.janaojana.com/q-6642
Here the graph shows, about the changes of price by year. At the beginning of BanglaLion
WiMax they charged 3,000tk. Later in 2010 they charged 1,426tk. In 2011, Banglalion WiMax
charged 999tk and finally in 2012 the price increases and now it’s 2,499tk.
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Source:http://ibanglalion.blogspot.com/2012/09/diet-plan-introducing-new-256kbps.html
http://www.facebook.com/BanglalionWiMAX.bd
Here the graph shows, about the percentage change in speed by year. At the beginning of
Banglalion WiMax in 2009, the percentages of speed were 60%. In 2010 speed increases and
became 65%. Later in 2011, percentage of Banglalion speed of WiMax increases from 65% in
2010 into 75%. At present, Banglalion WiMax has 85% speeds.
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.
Source:http://aisjournal.com/2010/12/17/honest-review-banglalion/
http://bmoninfo24.blogspot.com/search/label/Banglalion%20WIMAX
Here the graph shows, about the percentage change in network coverage by year. Banglalion
covered 60% of network and it remains the same in 2010. There was no change in percentage
of network coverage. In 2011 Banglalion covered 75% of network. Banglalion currently covers 8
divisional cities Dhaka, Narayanganj, Chittagong, Sylhet, Rajshahi, Khulna, Rangpur& Barisal.
Major areas of Dhaka city is already under its strong network and hoping to spread throughout
the entire country by the second quarter of 2013. Banglalion has already made a strong
presence in Chittagong by covering most major areas in the city with about 20+ BTSs.
Meantime, network rollout in other major cities such as: Munshiganj, Gazipur, Mymensingh,
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Comilla, Noakhali, Laxmipur, Satkhira, Bogra, and Cox's Bazar have already begun.Finally
Banglalion coveres 85% of network.
Nowadays, Internet modem, especially BanlgaLionWimax are of great demand and it’s been
widely used by the young generation. 75% of BanglaLionWimax is available in Dhaka. Uttara,
Gulshan, and Dhanmondi, these are some of the places in Dhaka where BanglaLionWimax is
available. It has 85% good network coverage everywhere in Dhaka. BanglaLionWimax is the
largest 4G network of Bangladesh in terms of coverage. Coverage of BanglaLionWimax is
spreading very fast as days pass by. There are only 5% network fluctuation and discontinuation
of network. Price of the modem is 60%-70% reasonable compare with other internet modem.
BanglaLionWimax speed is 80%-90% high compare with other internet modem and the speed is
constant. Its speed rises up to 40-50 KBPS and doesn’t fall down suddenly. The USB modem is
small in size and can be carried easily, no additional power is required. Plug and Play is quick.
There is no software to download or technician to wait for. It will be installed automatically
once you plug into the PC or Laptop. If a customer faces any problem with the modem, its
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problems are solved instant. Their service is very professional. You can get satisfactory service
at a cheaper price where other internet modem charges higher prices for better service.
References: http://aisjournal.com/2010/12/17/honest-review-banglalion/
http://www.facebook.com/BanglalionWiMAX.bd
http://ibanglalion.blogspot.com/
http://ibanglalion.blogspot.com/p/prepaid-plans-speed-512kbps-1mbps-tk.html
http://www.banglalionwimax.com/
http://en.wikipedia.org/wiki/Banglalion
http://www.slideshare.net
www.askme.com
www.facebook.com/sayhalum
www.janaojana.com
www.bmoninfo24.blogspot.com
www.ibanglalion.blogspot.com
www.google.com
www.enclopedia.com
Term paper seekers Best Wishes to you. If it’s really works of your purpose please
I will be hapy to mail me. Thanks .