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Global Group of Institutions (GGI), Lucknow



                A Summer Training Report
                           On

       STUDY techniques OF SALES PROMOTION OF

                 THE WEEK
   Submitted for partial fulfilment for award of
       Master of Business Administration
                         Degree


SUBMITTED TO                           SUBMITTED BY

Mr.HEMENDRA SHARMA                    ASHWANI KUMAR

DEAN                                  MBA

FACULTY OF                            Roll NO.1173870007
MANAGEMENT




   GAUTAM BUDHH TECHNICAL UNIVERSITY, LUCKNOW,
                     INDIA
                       2011-2013

   0
Acknowledgements


       This project is an outcome of the support and encouragement provided by a number of

people at Malayala Manorama Co. Ltd. that embodies some of the best aspect of Indian

corporate world .I would like to express my sense of gratitude to the company for giving me this

valuable learning opportunity and for allowing me to conduct this summer project .I sincerely

thanks my project guide Mr. SANJEEV SHARMA, Sales Manager, Malayala Manorama Co.

Ltd. for guiding me through out the project and helpful in furnishing the required information.


I am very grateful to our Mr. Hemendra Sharma (DEAN FACULTY OF MANAGEMENT)

and all faculty members for their excellent guidance in the completion of my project work.


I would also like to thank my colleagues who were working with me during the internship in

Malayala Manorama Co. Ltd. for their corporation & support during the entire period.




      1
Preface


The practical training is a life of a management student. In modern world, the importance of

management is increasing day by day. Industrial training provide a student sufficient knowledge

to develop an education to connect theory and practical.


I am student of M.B.A. being a part of our syllabus. I have taken training from “Malayala

Manorama Co. Ltd.” .I am very glad to represent this project report before you as it involves

my hard work, experience as well as co-ordination of all staff members.

Such type of training is very helpful to management students as it helps in strengthening

confidence and gives experience to check the theoretical knowledge.




                                                                          Ashwani Kumar




      2
Declaration

I hereby declare that the project report entitled “Study Techniques Of Sales Promotion Of

“THE WEEK’’ submitted in fulfilment of the requirements for the degree of “Master of

Business Administration ” at GLOBAL GROUP OF INSTITUTIONS , LUCKNOW is my

original work and not submitted for the award of any other degree, fellowship or any other

similar title or prizes.




                                                              ASHWANI KUMAR

                                                              MBA 3rd SEMESTER




       3
4
5
TABLE OF CONTENTS
                                                                PAGE
S. NO.                   PARTICULARS
                                                                 NO.

  1.                        Introduction                         6-9


  2.                      Company Profile                       10 – 15


  3.                       Product Profile                      16 - 21


  5.         Subscription details of the week magazine          22 - 24


  6.                    The Week Magazine                       25 - 33


  7.                       SWOT Analysis                        34 - 37


  8.      List of book stalls participating in display scheme   38 - 39


  9.                   Research Methodology                     40 - 43


 10.                        Data analysis                       44 – 70


 11.                         Conclusion                         71 – 72


 12.                     Recommendations                        73 – 74


 13.                          Annexure                          75 – 77


 14.                        Bibliography                        78 - 79




   6
INTRODUCTION

                           Brief description about the project

The project has been made by conducting a survey of about 400 people. A questionnaire had

been designed for the purpose and individuals were asked to fill the same. After this each

question has been discussed with its implication or relevance to the topic. The answers to each

question have been analyzed and then the respective findings have been discussed. Thereafter I

have provided my recommendations on the analysis and the findings and have tried to suggest

some of mine viewpoints so as to promote the sales of the magazine and also to expand the

market share.


While working with the project it was found that:


           Majority of the people have a know-how of “The Week” magazine but still a large

           percentage of the people are still unaware of the existence of this magazine as well as

           it‟s belongingness to Malayala Manorama Co. Ltd.

           Promotion programs through subscriptions have come out as the best way to expand

           the sales of The Week magazine whereas retail sales is also more or less desired the

           same way for expansion of the sales whereas institutional sales is not considered as

           the best method.


Today is the world of internet and technology, which is renewing itself day by day, hour by hour

and second by second and in such a kind of atmosphere it becomes quite a bit difficult for print

media to establish itself in the market especially when every second adds a news and this news

at the same time appears on the various news channels and the web pages of different sites. Thus,

in such a competitive and modernized world wherein, one side, we have the ages-old print media

      7
where you have to wait at least for some hours to know the news and, the other side we have the

internet and the various e-sites to enrich every bit of second with an updated news, it is a work of

great reward for Malayala Manorama Company Ltd. to be the No. 1 publication house and that

too, with growing popularity and growing number of readers for it‟s various products, be it

Manorama Yearbook, The Week Magazine , Vanita Magazine, The Man Magazine, various

newspapers or Magic Pot and also for keeping the interest of the people alive in print media still

today.


“The Week” magazine is a weekly product of Malayala Manorama Company Ltd. and it is a

GIEM-


      G- General
      I- Interest
      E- English
      M- Magazine

The Week magazine has strongly rooted itself in the South Indian market but it still has to

strengthen it‟s position in the North India wherein it‟s two strongest competitors „India Today‟

and „Outlook‟ are still dominating. Thus a survey of 400 people has been conducted with an

objective of knowing how this magazine can be promoted and what are the best ways to deliver

it ,so as to maximize the number of readers. The survey was conducted by taking 400 people as

the sample size belonging to different age groups and having different incomes and occupation.


The summary of the study can e described through these points:


                  Promotion of the week magazine has been carried out since past so many

                   times but still a major part of the population is unaware of this magazine and

                   most the people who are aware of it read other magazines such as India Today

                   and Outlook.
         8
   According to the study, the contents of The Week magazine have still to have

           their own uniqueness and also has to prove it‟s degree of catering good

           information.


                                     VISION




'The most successful and admired magazine company, which means that we are the most

trusted company, the easiest to deal with, offer the best value for money, and set the

standards in the industry'.




9
OBJECTIVE



      Determining the factors that allure a reader to subscribes to a business magazine.

      Awareness about The Week among reader in Lucknow.

      Weekly journals having highest and 2nd highest reader ship in Lucknow.




                                      VALUE




Values that we observe while we work:


Integrity Innovation Customer centric People Care One for all and all for ones Teamwork


Joy and Simplicity

The best way for the promotion of the magazine, as it comes out through the study, is through the

subscriptions.


People prefer to have subscriptions for the short term period rather than for long term duration.




    10
11
Company Overview: Malayala Manorama and Company


Date of Establishment           1888


Revenue                         Not Available


Market Cap                      Not Available


Corporate Address               K K Road, Kottayam, Kerala - 686001, India


Branches                        Not Available


Management Team                 George Jacob – Director


Owner                           Malayala Manorama Group




Headquarters                    Kottayam




Website                         manoramaoline.com




Overview                        A   wholly      owned    family    enterprise,   Malayalam

                                Manorama is an ISO 9001 company. It is India's largest

                                circulated regional newspaper. It has nine units in Kerala

                                and three units outside Kerala. It is the first newspaper for

                                which offices are connected on a high speed Wide Area

                                Network using the fibre optic cable network of the DOT.


    12
The product offering of Malayala Manorama &

                                       Company includes        The      Week,      Bashaposhini,

                                       Karshakashree, Manorama Weekly, Manorama Annual,

                                       Vijayaveedhi , Vanitha, Vanitha Hindi, Kalikkudukka,

                                       Magic Pot, Balarama, Balarama Digest, Amar Chitra

                                       Katha, Thozhilveedhi, Knowledge Adventure CDROM,

                                       Hindi Year Book, English Year Book, Tamil Year Book,

                                       Malayalam Year Book, Bengali Year Book and Malayala

                                       Manorama Newspaper. The company

                                       publishes in five different languages.




Malayalam Manorama (Malayalam:                            ) is a popular Malayalam daily with a

very strong readership in Kerala, India. The Manorama group, which manages the newspaper,

also runs the Manorama Yearbook, largest circulated yearbook in the region. Malayalam

Manorama, which first appeared on 14 March 1890, as a weekly, currently has a readership of

over 16 million, with a circulation base of over 18[lakh]] copies. Malayalam Manorama is very

popular among Christians and the supporters of the Indian National Congress party in Kerala.

Manorama is acclaimed of its highly attractive page layouts. The Malayalam word "manorama"

roughly translates to "entertainer". The Week (India), an Indian weekly is also brought out by the

Manorama Group. Manorama Yearbook is yet another popular yearly publication by the

Kottayam-based Manorama group.




    13
History Of MALAYALA MANORAMA COMPANY LIMITED


A joint stock publishing company, destined to acquire the status of the first joint stock publishing

company of Republic of India, was incorporated by in 1888 by Kandathil Varghese Mappillai at,

then a small town in the Kingdom of currently, a part of Kerala state, India. The first issue of

Malayalam Manorama was published on 22 March 1890 from the press owned by

Malankara Metropoltan H.G. Joseph Mar Dionysius of the Orthodox Church. The name

Malayalam Manorama was chosen by the poet, Raghavan Nambiar, Villuvarvattathu from

Tiruvalla. Kerala Varma granted the symbol which is a part of the Travancore kingdom symbol.

In a period of two years, from the date of incorporation until the publication commenced, the

company witnessed several challenges. It also publishes an information oriented monthly called

Tell Me Why.


Editions


       Kottayam
       Thiruvananthapuram
       Kozhikode
       Kochi
       Thrissur
       Kannur
       Kollam
       Palakkad
       Malappuram
       Pathanamthitta
       Bangalore
       Mangalore
       Chennai



    14
Mumbai
       Delhi
       Dubai
       Bahrain

The newspaper is criticised for its number of advertisement space. The newspaper is known for

giving more importance to advertisements and less importance to news.The manorama group are

also open promoters of capitalist policies and shows strong opposition to socialism.


Timeline


       1888 Malayalam Manorama founded

       1890 First issue of Malayalam Manorama was published on 14 March

       1892 Publication of Bhashaposhini commenced

       1901 Malayalam Manorama becomes bi-weekly

       1904 Kandathil Varghese Mappillai, the key figure passes away on 6 July

       1915 Malayalam Manorama commences publication of daily World War I supplements

       1918 Malayalam Manorama becomes triweekly on 2 July

       1928 Malayalam Manorama becomes a daily from 2 July

       1929 On 29 May, Akhila Kerala Balajana Sakhyam formed

       1930 Malayalam Manorama‟s first Annual Number appears

       1937 Commencement of Malayalam Manorama Weekly from 8 August

       1938 Travancore state proscribes Malayalam Manorama on 10 September

           o   An issue appears on 14 September from the state of Cochin- from the

               Kunnamkulam press of the Orthodox church.

       1939 K. C. Mammen Mappillai was convicted and imprisoned on trumpeted charges of



    15
corruption and fraud

       1941 Mammen Mappilla released after being absolved of all false cases

       1947 From 29 November, Malayala Manorama re-commences regular publication

       1950 Installation of the first rotary press

       2007 Becomes the only regional language daily in India to cross 15 lakh copies.


Journalists


Prominent journalists who have worked with the Manorama daily or other Manorama

publications include Vaikkom Chandrasekharan Nair, E. V. Krishna Pillai, E.V. Sreedharan, T.

V. R. Shenoy, K. Gopalakrishnan, Babu Chengannoor, K. R. Chummar, Moorkoth Kunjappa, K.

M.Tharakan, T. K. G. Nair, K. G Nedungadi, VKB (V. K. Bhargavan Nair) Others include

Thomas Jacob and Joy Sasthampadickal who are currently working.




    16
PRODUCT PROFILE

The Week is the country's most respected business daily, being the first choice of serious

business readers. The magazine believes in free, fair and independent journalism and strives to

inculcate these values in its editorial staff. The journalism practiced by The Week lays equal

stress on quality, credibility and accuracy.


   1. First page consist of the headlines, news of the last day. On the top of the page, there is a

       line, which indicates the volume number, publishing centers from where this magazine is

       being printed.

   2. Below that line there is the header “The Week” in association with Financial Times of

       London.

   3. On left side of the whole page there are certain columns like In Brief, Market watch and

       opinion poll.

   4. On the bottom right corner of the page there is a sole add generally.

   5. Second and third pages consist of the news related to the Economy.

   6. There is a separate page for International news and State news.

   7. Tenth and Eleventh page generally consist of Issues & Insights and Opinion respectively.

       Next is the back page.

   8. After back page, a different section called Money and Markets comes which contains all

       the news related to currency, daily stock market fluctuation and also about the

       commodity market. This section is completely made for money and markets only, to give

       the detailed news of each and every factor.



    17
MAJOR PRODUCTS OF MALAYALA MANORAMA

MALAYALA MANORAMA DAILY

      Largest circulated and read regional language newspaper daily in India.


       Circulation: 1.54 million(ABC Jan-Jun 2010)

       Readership: 8.837 million (IRS 2010 Round 1)

       Cover price: Rs.3.50 (Sunday: Rs 4.00)

       Periodicity: daily

       Language: Malayalam


MALAYALA MANORAMA WEEKLY

Largest circulated weekly newspaper in India.


       Circulation: 6.17 lakhs (ABC Jan-Jun 2010 )

       Readership:22.94 lakhs (IRS 2010 Round 1)

       Cover price: Rs. 4.00

       Periodicity: weekly

       Language: Malayalam




    18
VANITHA : MALAYALAM

      Largest read and circulated Women‟s magazine in India.


       Circulation: 4.79 lakhs(ABC Jan-Jun 2010)

       Readership: 30.67 lakhs(IRS 2010 Round 1)

       Cover Price: Rs. 14

       Periodicity: fortnightly

       Language: Malayalam


BALRAMA:

Largest read and circulated children‟s weekly in India.


       Circulation: 2.74 lakhs(ABC Jan-Jun 2010)

       Readership: 21.24 lakhs (IRS 2010 Round 1)

       Cover price : Rs. 8

       Periodicity: weekly

       Language: Malayalam


VANITHA – HINDI One of the major women‟s magazine in India.

       Circulation:1.74 lakhs(ABC July- Dec 2010)

       Readership:7.90 lakhs (IRS 2010 Round 2)

       Cover price: Rs. 20

       Periodicity: monthly


    19
Magic Pot

Largest selling magazine for nursery school children in India.


       Circulation: Not available(ABC Jan-June 2010)

       Readership: 0.92 lakhs (IRS 2010 Round 1)

       Cover price: Rs. 12

       Periodicity: Fortnightly

       Language: English




MANORAMA YEAR BOOK: English

Largest circulated yearbook in India.


       Circulation: 2.44 lakhs (ABC Jan- Dec 2009)

       Readership: Not available in IRS/NRS

       Cover price: Rs. 130/-

       Periodicity: annual

       Language: English




    20
AMONGST OTHER PRODUCTS ARE THE

THE WEEK MAGAZINE




   THE MAN




  21
TELL ME WHY




   AND MANY MORE




 22
SUBSCRIPTION DETAILS OFTHE WEEK MAGAZINE

Subscriptions for The Week magazine can be:


           Short term subscription.

           Long term subscriptions.


Short term subscriptions are for a period of 6 months whereas long term subscriptions are for 1

year, 3years or 5years. Attractive gifts are given to the subscribers with these subscriptions.

Subscriptions are the best way for the promotion of The Week magazine and these are helping a

lot to build up the position of the magazine. The summer trainees were to do the promotion

through the 6 monthly subscription plans.


The various subscription plans are describe:


5 YEAR’S SUBSCRIPTION

Total issues of The Week magazine offered in 5 years (52*5)      :       260


New stand price of 260 issues (260*52)                               :   Rs. 5200

Discount on 5 year subscription (50% of 5200)                        :   Rs. 2600

Thus, subscription cost of 5 year subscriptions (5200-2600       :       Rs. 2600



Gift: GE Cordless Phone/leather bag pack, Mrp                    :       Rs. 1395/1595

Balance amount                                                   :       Rs.1205/1005

Cost per copy (1005/260)


    23
Copies to be delivered through courier                          :      Rs.3.86




3YEAR’S SUBSCRIPTION

       Total issues of The Week in 3 years (52*3)         :     156

       New stand price of 156 issues (156*20)              :    Rs. 3120

       Discount on 3 year subscriptions (45% of 3120)      :        Rs. 1421

       Subscription cost of 3 year subscription           :         Rs. 1699

       Gift: Beetle Caller ID Phone or

       3 year subscription TMY/                           : Rs.995/720           1year TM

       Balance amount                                      : Rs.704

       Cost per copy Copies will be sent by courier        : Rs.4.51


1 YEAR SUBSCRIPTION

       Total issues of The Week in 1 year                : 52

       Newstand price of 52 issues                      : Rs. 1040

       Discount on 1 year subscription                   : Rs. 441

       Cost of 1 year subscription                       : Rs. 599

       Gift: TraveBag                                   : Rs. 240

       OR 1 year TMW// Leather Wallet                    : Rs. 240

       Balance amount                                   : Rs. 399

       Cost per copy

       Copies will be sent by courier                          : Rs. 7.67


    24
6 MONTHS SUBSCRIPTION

    Total no. of issues in 6 months               :   26

  Newstand price of 26 subscriptions              : Rs.520

    Discount on 6 months subscription             : Rs. 190
    Cost of 6 months subscription                 : Rs. 330
    Gifts: I Manorama Yearbook and 1 Britannica
    Encyclopedia CD Cost per copy almost free
    Copies will be sent by courier                : Rs. 330




  25
“THE WEEK” MAGAZINE

„The Week‟ is India‟s fastest growing G.I.E.M i.e. General Interest English Magazine. It‟s

periodicity is one week. It has about 3.5 lakh readers and is under continuous growth in the

number of readers. Cover price of this magazine is Rs. 20. The Week is fastest growing news

magazine having a circulation both nationally and internationally. It is written and designed to be

fast, clear and concise and easy to follow magazine for every educated home and concerned

citizens. It is packed with latest news and views from every corner of India plus highlights from

whole world.


THE WEEK CONTENTS

The Week magazine has a wide variety of contents which cover great range of articles from all

the fields may be it is the:


      cover story,

      aperitif,

      letters,

      current events,

      special reports,

      states can,

      development ,

      society,


     26
art and style,

     cinema,

     forecast,

     global village, etc

     the sexes

     time out

     biz buzz

     last word


COVER STORY

Column of cover story covers the most talked about topic of the week or any such topic which is

very sensitive and needs to be given special attention, maybe it is related to politics, society,

business or art or style. This column covers a long description of the topic chosen and also

interviews regarding the topic from eminent personalities of the concerned fields and also some

other related information.


APERITIF

This is the column where small articles covering news from all over the country and which are

worth mentioning are published. These articles are very small and are of just two or three

sentences long. These articles give a brief idea of the various happenings which went by

throughout the past week. This column also contains a sub-column called Power Point where

Sachidananda Murthi,Resident Editor, Delhi, puts his words into ink on any specific issue. There

is also a column of milestones which covers milestones set by the various personalities in




    27
different fields. Aperitif also covers one more sub-column point blank which covers the quotes

as said by eminent personalities of the world and which has been found worth mentioning.




LETTERS

Column of „Letters‟ contains letters from the readers of The Week magazine regarding various

queries related to any field.


CURRENT EVENTS

As the name suggests this column gives the information regarding the most recent events that

took place throughout the world. Thus, this magazine acts as a very good informative diary for

all the people who love to be updated with the newest information.


ART AND STYLE

This column is a very beautiful and very colorful column and depicts the imaginative power of

the human kind and shows beautiful works of art and style by various artists, who may be

fashion designers, interior designers, painters, various other technological designers. India is a

place where art is worshipped and columns like this provides the worshippers with a sense of

contentment when they get to see such beautiful imaginations personified on paper. Thus,

overall, this is a very good column to make people be a fan of this magazine.


STATESCAN




     28
States can contains an article on any specific news of particularly one state from all over India.

The news may be of any kind whether it is political unrest in U.P. or attacks on non-

maharashtrians in Maharashtra.




SPECIAL REPORT

Special report focuses mainly on drawing society‟s , administrators‟, officials‟ and everybody

else‟ attention on a most sensitive issue which has to be taken utmost care of and which needs

immediate actions to be taken to be brought onto the path required.


CINEMA

Cinema is the column which desires to fulfill the wants of Bollywood and Hollywood lovers and

provides them with spicy news from all the corners of the world related to the cinema world.


SOCIETY

This column of The Week magazine brings to the front the various issues related to the society

and thus develops people‟s concern regarding that issue and hence makes the society a bit aware

of any injustice being done to anyone, any environmental damage, any flaw going on in any

system, any wrong being done to society, the various social evils or any other thing.


FORECAST

Forecast as the name suggests gives the horoscope of people belonging to different zodiac signs.

The predictions are made by Mr. K.K. Vamanan Nampoorthiri.
    29
THE SEXES

It is the column wherein the famous writer, Shobhaa De speaks about any issue putting her own

views and her own thoughts into words.




TIME OUT

This column gives the news about the various events or shows or other things like seasonal wears

etc. which have soon begun or are about to begin and thus forces people to go for these things as

soon as possible and that is how the name goes like.


BIZ BUZZ

The column of Biz Buzz gives the news of the corporate sector and talks about the various

changes going on in the bigger companies throughout the world, their CEOs, their General

Managers and the growing competition and the job opportunities created, if any.


LAST WORD

Last Word is the column wherein people like Amjad Ali Khan, Mahesh Dattani and Jon Stock

put their views regarding some issue, from India and the whole world, at the last page of The

Week magazine. This is the article that ends up the weekly news magazine.


THE WEEK

THE WEEK was launched in 1982. It is one of the products among the 27 products of the

MANORAMA GROUP. It itself is the Brand Extension so has no other Brand Extension.

The sales have now touched the figure of 10.98 lakhs in today‟s date. The sales figures are as


    30
follows.

YEAR AVERAGE WEEKLY FIGURES (LAKHS)

2010   7.55 Lakhs

2011 8.72 Lakhs

2012 10.92 Lakhs



Current 2012 1.98 Lakhs

Expected at the end of 2012 Above 2

There was a fall in sales in 2012. This fall was due to the iLucknowease in information boom i.e.

there are approximately 25 news channels across the nation, which provide the same news, and

within a few minutes.

For e.g. when there were bomb blasts all the news channels provided the same news with video

clippings in no time. And so there was no point in printing the same report after a week.

People started losing interest in reading, as the same news didn‟t seem interesting to them

afterwards. Even the economy wasn‟t proper and people were busy and tensed with their

tensions and hence the sales started declining. To overcome this loss the prices of the other

magazines were Lucknow eased from rs.30 to rs.35.

The logic behind Lucknowe asing the price even when the sales were declining was that less

copies sold at a higher price helped them to cope up with the losses. But THE WEEK preferred

to stay at same price.


They felt that keeping price low will benefit their magazine and they were right to a certain

extent. And so the scene is changed. Seeing the current situation the sales are expected to rise

above 2 lakhs in the end of this year.




    31
Distribution: -

THE WEEK has its distributors all over India. According THE WEEK the subscriptions are

more profitable to them as the user is locked for a particular period and is habituated to reading

the magazine and likes to continue it further. Out of every 100,99 people subscribe THE WEEK.


Their assured subscriptions are 80,000. They offer 26% discount to the newsstand sellers and

don‟t give them any return protection whereas they take all the unsold copies. They decide the

number of copies to be published depending on statistics of Audit Bureau Circulation, market

condition, contents of issue, cover page etc. their present figure is 1,80,000.

Advertisements Expenditure:

The profit margin of the company is 15% per year. According to them there should be at least

17-20 pages of advertisements for a magazine to run on no profit no loss basis. The ratio kept by

THE WEEK is 30:70.i.e. 30%advertisements and 70% news.

While taking the advertisements, preference is given to advertisements regarding services like

banks, financial institutions, educational institutions, insurance companies etc.

They do not take liquor and friendship advertisements. They take advertisements of 2

competitive companies e.g. NOKIA & SAMSUNG for the same issue as it doesn‟t matter for

them.

Promotions:

THE WEEK gives advertisements in magazines like Times of India, Hindustan Times. They also

advertise on CNN, CNBC, and NDTV in form of barter. I.e. the channels show their

advertisements and THE WEEK prints their advertisements.

Hoardings, posters and banners of the upcoming issue are always put at various places in the

country. This helps in capturing new readers as the subject covered in the issue is displayed


    32
beforehand.

They also provide sponsorships fro the college events, as THE WEEK is popular in students

committee. They have sponsored events of IIT Mumbai, NM, Wilson College etc. They do this

in cash or kind or both.




Customer delight services                value Propositions)

They provide free gifts with their subscriptions like Leather Wallet with one-year subscription,

Timex Watch with 3 years subscription and digital diary with 5-year subscription.



They also constantly give offers like Scratch and Win, King of Offers, Sporting Offers, Khel Re

and so on


Features


First Punch: - Here political news is conveyed by funny pictures.


Quotable Week: - Statements of some famous personalities are quoted.


Letters: - Letters written by the people regarding the previous issues, their opinions are
expressed


Controversy: - Highlights up the controversy going on


Development: - Development made in some states i.e. taking people out of their problems.


State Scan: - It includes main scan in the state.


Cover Story: - This has the detail story of a current topic or situation.
    33
Writers world: - Information about new books etc. is given


Global Village: - Global News is published. The news published is very rare.


Forecast: - The forecast is given by a very famous person i.e. K.K.VAMANAN
NAMPOOTHIRI. It is one of the main features, which is provided only by THE WEEK among
the GIEM (General interest English magazines).


The introduction of this had also lead to a tremendous I Lucknow ease in the sales. A person
generally goes straight to this page and then the rest of news.


We were told that Mr. Damodaran of UTI when once met Mr.Pinakki Chattopadhya marketing
manager of THE WEEK told him that he and his wife read first the forecast and they had done a
good job by introducing this feature.


Mr. Pinakki Chattopadhya immediately gave him the offer that „why don‟t you advertise your
UTI on just next page „And the same moment the deal was done.


The page was sold for 40 lakh for a year. So we always see the UTI advertisement just opposite
the forecast page.


Markets


Their main markets include metro politant cities in which first is Delhi then Mumbai, Chennai,
followed by the rest. In other words North then West then South and East in the end. This
magazine is also available all over India.


Cover Page
They keep their cover page same throughout the nation. They had changed it only once in case of
Jay Lalitha as the news was more effective in south and not in rest of India. They had the
Kashmir‟s cover in rest of India


    34
Selection of News
If there is only one news, which can be printed, and there are two news one political and other
general, then meeting is held as to which is to be selected i.e. which is more effective to the
people. But mostly it is the general news as THE WEEK is a General interest English magazine




    35
SWOT ANALYSIS




        S                                       W
 Company Reputation              High price
 Quality of analysis             Less no. of pages
 Honest and in-depth reporting   Less add on supplements
 Distribution effectiveness




  36
O                                                     T
   Foreign tie-up with Financial times              Market downfall
   London                                           Competitors may further lower the price




The overall evaluation of the company’s




S--strength,   W-- weaknesses,


O-- Opportunities, and T--threads.


Strength:

       The company publishes The Week magazine, which has a daily readership of

       approximately 120,000 and daily circulation of 217,764 (IRS 2007).

       In its endeavor to provide its readers with greater value, it has revamped its existing

       supplements and added new ones to its portfolio, offering a daily supplement catering to

       specific target audiences.

       The Week is read by the decision & policy makers.




    37
The Week stands for reporting that stresses accuracy and credibility, comment that is

  informed, independent and fair, and journalism that is rooted in ethical conduct and

  defined by a sacrosanct bond with the reader.


  The Week has a 200-person editorial team that is led by Sanjaya Baru, and includes well-

  known journalists like AK Bhattacharya, Sunil Jain and Shyamal Majumdar.

  The Week’s stable of specialist contributors includes some of the sharpest minds writing

  on economics and business. Among them: Bimal Jalan, former governor of the Reserve

  Bank of India; Shankar Acharya, former chief economic advisor, Government of India;

  Deepak Lal, professor of economics, UCLA; Suman Bery, director-general, National

  Council of Applied Economic Research; Abheek Barua, chief economist of HDFC Bank;

  Nitin Desai, former chief economic advisor and former under-secretary general at the

  United Nations; Surjit Bhalla, chairman of Oxus; Arvind Subramanian, professor at the

  Peterson Institute of International Economics; M. Govinda Rao, director of National

  Institute of Public Finance and Policy; AV Rajwade, well-known foreign exchange

  consultant; and Arvind Singhal, chairman, Technopak


  It has a market presence for past 35 yrs.

  The Week publishes a variety of periodicals in the automotive, lifestyle and business

  categories. Titles include Indian and Asian Economy, BS Motoring and Indian

  Management. BS Motoring has total circulation of 80,000 copies per month (2007). The

  majority of periodicals are published on a monthly basis.

Weakness:

  Lack of product awareness and brand equity.


38
Single product as a business magazine in magazine section.

             Absence of proper advertisement and promotion.

             Not proper facility to deliver the newly subscribed copies instantly.

      Opportunity:

               Magazines only reach 35% of the adult population, of which 65% is literate; there is

               significant room for growth.

               The sheer number of publications has created fierce competition which has kept prices

               low which in turn has caused publishers to depend more on advertising revenues.

      Threats:

      ET the top most players in Business magazines comes with lower subscription rates and also has

      combo offer with TOI.


             Other combo offers as Business Line with The Hindu and HT Mint with HT.


          LIST OF BOOK STALLS PARTICIPATING IN DISPLAY SCHEME

S.NO.           NAME OF BOOK STALL                           NAME                         PLACE

 1.       MORDERN BOOK STALL                         VINOD ARORA               JANPATH

 2.       VISHAL PATRIKA                             VISHAL                    NEAR UMRAO CINEMA

 3.       SUBHASH PUSTAK BHANDAR                     SONI                      OPP. CHARBAGH

 4.       PANDIT PUSTAK BHANDHAR                     DIXIT                     CHOWK

 5.       S K PUSTAK BHANDHAR                        VIJAY                     CHOWK

 6.       AMIT PUSTAK BHANDAR                        AMIT                      DALIGANJ

 7.       MANNU BOOK STALL                           MANNU                     HAZRATGANJ



          39
8.    TANDON BOOK STALL           RAMESH TONDON    HAZRATGANJ

9.    BHOLA BOOK STALL            SRI RAM          HAZRATGANJ

10.   PARAG BOOK STALL            DIGVIJAY         HAZRATGANJ

11.   KALA KUNJ BOOK STALL        ARORA JI         HAZRATGANJ

12.   MODERN MAGZINE SHOP         ADITYA KOTHARI   KAPURTHALA

13.   VIBHOR & RAINA BOOK STALL                    KHURRAM NAGAR

14.   VIRENDRA VERMA              VIRENDRA         TEDHI PULIA

15.   UMESH BOOK STALL            UMESH            RAIDAS MANDIR I.T

                                                   BRIDGE

16.   URMILA BOOK CENTER          RAJESH SINGH     JANKIPURAM

17.   CITY BOOK SHOP              MUJAHID HUSAIN   SEC-Q ALIGANJ

18.   MAMA MAGZINE CENTER         MAMA             SHRI PLAZA VIKAS NAGAR

19.   SAROJ MAGZINE CENTER        SAROJ            VIKAS NAGAR

20.   BHANJA BANDHU BOOK CENTER   CHANBHUSAN       VIKAS NAGAR

21.   RAJU MAGZINE CENTER         RAJU             KAPURTHALA

22.   BANSAL BOOK HOUSE           SUNNY            BHOOTHNATH MARKET

23.   GARIMA BOOK STALL           GARIMA           BHOOTHNATH MARKET

24.   MISHRA BOOK STALL           RAJU MISHRA      MUNSHIPULIA

25.   VIBHOR BOOK DEPO                             MUNSHIPULIA

26.   GOPAL SHARMA BOOK STALL     ANUJ SHARMA      VIVEK KHAND, GOMTI

                                                   NAGAR

27.   MODERN MAGZINE POINT        RAJ KUMAR        VIVEK KAHND, GOMTI

                                                   NAGAR




      40
28.   TIWARI BOOK STALL           OM PRAKESH      HUSADIYA CHAURAHA,

                                                  GOMTI NAGAR

29.   YASH COMPETITION CENTER     RAJENDRA        PATRAKARPURAM, GOMTI

                                                  NAGAR

30.   MISHRA BOOK CENTER          SUDAMA MISHRA   PATRAKARPURAM, GOMTI

                                                  NAGAR

31.   SHYAM MAGZINE CENTER        CHANDRESH       CHARBAGH

32.   VERMA BOOK STALL            RAHUL           I T CHAURAHA

33.   SHYAM MAGZINE CENTER        AMIT            PURANYA CHAURAHA

34.   TIWARI COMPETITION & BOOK   ANIL            NAHRIA CHAURAHA

      CENTER

35.   HARI OM STATIONERS &        NITIN           NAHRIA CHAURAHA

      MAGZINE CENTER

36.   PREM BOOK STALL             VIKAS           ALAMBAGH

37.   ASHIRWAD BOOK STALL         ARUN            AMINABAD




      41
RESEARCH METHODOLOGY

TITLE:

To determine customer-buying behavior with a focus on market segmentation for Malayala

Manorama Co. Ltd.

TITLE JUSTIFICATION:


    42
The above title is self explanatory. The study deals mainly with studying the buying    pattern in

 the insurance industry with a special focus on THE WEEK MAGAZINE. The various segments

 of the markets divided in terms of magazine Needs, Age groups , Satisfaction levels etc will also

 studied.

SIGNIFICANCE TO THE INDUSTRY:

 This is a limited study which takes into consideration the responses of 100 people. This data can

 be explorated to take in the trends across the industry. The significance for the industry lies in

 studying these trends that emerge from the study. It is a rapidly changing and evolving sector.

 People are only beginning to wake up to its vast possibilities. A study like this can attempt to

 guide the future of the industry based on current trends.

 SIGNIFICANE FOR THE RESEARCHER :

 To facilitate and provide all the useful information of the company, the magazine industry and

 also provide marketing ways, methods of THE WEEK MAGAZINE.




                              SAMPLING METHODOLOGY

 SamplingTechnique:

 Initially, a rough draft was prepared keeping in mind the objective of the research. A pilot study

 was done in order to know the accuracy of the Questionnaire. The final Questionnaire was

 arrived only after certain important changes were done. Thus the sampling came out to be

 judgemental and convenient.



      43
Sampling Unit:

The respondants who were asked to fill out questionnaires are the sampling units. These

comprise of employees of MNCs, Govt. Employees, and Self Employed etc.

Sample size:

The sample size was restricted to only 100, which comprised of mainly peoples from different

regions of Lucknow due to time constraints.

Sampling Area :

The area of the research was Lucknow .




                        LIMITATIONS OF THE RESEARCH

   1. The research is confined to a certain parts of LUCKNOW and does not necessarily shows

   a pattern applicable to all of Country .A small number of 100 also does not show the pattern

   of the whole city.

   2. Some respondents were reluctant to divulge personal information which can affect the

   validity of all responses.


    44
3. In a rapidly changing industry, analysis on one day or in one segment can change very

   quickly. The environmental changes are vital to be considered in order to assimilate the

   findings.

   4. The training period was very less.




1) PRIMARY METHOD:

Survey is done through QUESTIONNAIRE taking 4OO people as a sample size of every age

group with different qualifications and professions and of several salary packages of both „The

Week‟ readers and non-readers of „The Week‟ in mixed form in consideration.


2) SECONDARY METHOD:

Interview method is also adopted. This is done while interviewing various readers of „The Week‟

and other magazines. This stage occurs only after preparing QUESTIONNAIRE, i.e. after

preparing questionnaire I asked, 400 customers of both non- WEEK readers and WEEK readers

about The WEEK magazine, various questions mentioned in the questionnaire in order to

accomplish my survey work.




    45
Q.1

AGE?       QUALIFICATION ?   PROFESSION?   MONTHLY INCOME?


15-25      UNDER GRADUATE    STUDENT         <25000

25-40      GRADUATE          BUSINESS        <50000

40-50      POST GRADUATE     SALARIED        <75000

50-60      OTHERS            OTHERS          >75000




      46
NOTE: The following pie charts show the percentage of people surveyed of different age

group, qualification, profession and income group.


                                              AGE

                                              2%

                                      10%


                                                                            15-25
                  30%
                                                              58%
                                                                            25-40

                                                                            40-50

                                                                            50-60




                               QUALIFICATION
                                 0%

                         16%                14%


                                                                Under Graduate
                                                                Graduate
                                                                Post Graduate

                                      70%                       Others




    47
PROFESSION
                        Student    Business   Salaried   Others



                                         5%
                           20%
                                                               45%




                           30%




NOTE:        In the Chart, Others include Doctors, practicing Chartered Accountants,

and Agents etc.



                                  INCOME GROUP

                                 4% 3%
                      10%
                                                         35%
                                                                             0
                                                                             <25000
                                                                             <50000
                                                                             <75000
                     48%
                                                                             >75000




NOTE: In the chart, 0 income group include the students surveyed who do not earn.


    48
SAMPLE SIZE: The survey was conducted with the help of questionnaire taking 400 people

as a sample size of every age group with different qualification and profession and of several

salary package like 48% people surveyed are earning less than or equal to Rs.25000, 10% are

earning less than or equal to Rs.50000, 4% of them are earning less than or equal to Rs.75000,

3% of them are earning greater than or equal to Rs.75000 while 35% of them have no earnings as

they are students. The people surveyed are of different qualification like 16% of people surveyed

are post graduate, 70% are simply graduates among whom there are 58% of the people

interviewed aged less than or equal to 25, 30% of the people aged less than or equal to 40, 10%

of them are less than or equal to 50 and 2% of people are up to an age of 60 years. The

survey includes the people of different profession too like 20% of the people

surveyed are salaried people, 30% of them are in business, 45% are students while

5% of them includes Doctors, C.As etc.


Q.2 Do you know about “Weekly News Magazines”?


         (i)AWARE                                   (ii) UNAWARE


Implication of the question

The purpose of this question to the people is to know about the awareness of the weekly news

magazines among the public. This question helps to judge as to how many people are still

unaware of the weekly news magazines.




    49
Awareness of weekly magazines



                                                 11%




                                                                                       aware

                                                                                       unaware
                                                            89%




SAMPLE SIZE:

According to the survey of “THE WEEK” magazine, which is done with the help of 400 people

as a sample size of every age group with different qualification, profession and of several salary

packages, it is found that-




         (i)    89% of people interviewed said that YES they know about the weekly news

                magazines.

         (ii)   11% of the people interviewed said that NO they don‟t know about weekly

                magazines.

    50
Findings

Thus, as per the survey results we found that majority of the people are having a basic idea of

weekly news magazines. Also through the survey it was found that most of the salaried class

people and students are aware of weekly news magazines either they are published in HINDI

language or in ENGLISH language.


Recommendations

After analyzing the answers of the interviews I would like to recommend “Malayala Manorama

Co. Ltd.” to make the remaining 11% of the population which includes businessmen as well,

aware of the weekly magazines, especially “THE WEEK” magazine and thus to expand its sales.




Q.3 Do you read weekly news magazines?


       If YES, then which one of these?

           A. THE WEEK

           B. INDIA TODAY

           C. OUTLOOK

           D. OPEN

           E. Others


Implication of the question

    51
The purpose of this question is to know the percentage of the people who read different weekly

news magazines like The Week, India Today, Outlook, Open or others and which magazine is

been read most by the readers.



                      Reading habits of people surveyed

                                                2%
                                               3%

                                   17%                                          India Today

                                                                                Outlook

                                                                                The Week

                                                             55%                Open
                                 23%                                            Others




SAMPLE SIZE:

Whole surveying on the 400 people of different age groups and qualifications, who have

different professions and income, it was found that


                (i) 74% of the people interviewed read weekly news magazines.

                (ii) 26% of the people surveyed do not read any weekly news magazine.


The percentage of the people who are customers of the different news magazines is likewise-


           i.     INDIA TODAY-           55%

         ii.      OUTLOOK         -      23%

         iii.     THE WEEK         -     17%


    52
iv.   OPEN             -    3%

         v.    Others           -    2%


Findings

Thus analysis of the answers given by the people surveyed, it was found that majority of the

people are reading weekly news magazines. Also, the second part of the question shows that

majority of the people read India Today; thereafter they read Outlook and then “The Week”

magazine. Thus “The Week” magazine is lagging behind the two magazines and has to compete

with these two major selling magazines.


Recommendations

Thus, through the study it can be recommended that the Malayala Manorama Co. Ltd. should

concentrate on expanding its share in the weekly news magazines market and try to give the best

product to the customers through the best features, it should also go for an extensive

promotion program so as to acquire a larger market share.


Q.4 Do you know about “The Week” magazine?


       (i)YES                                      (ii) NO


Implication of the question

This question has been included in the questionnaire to know as to how many people i.e. what

percentage of North Indians are aware of the existence of “The Week” magazine, since it is a

major publication in South India and has emerged from the South Indian markets and still a lot of

people find themselves unaware of this magazine.


    53
Knowledge of the existence of The WEEK
                                  magazine




                                         35%
                                                                               YES

                                                                               NO

                                                           65%




SAMPLE SIZE:

Through the survey, it was found that-


           (i) 65% of the people said Yes, that they know about “The Week” ,magazine.

           (ii) 35% of the people show there unawareness about “The Week” magazine.


Findings

Thus as per the results of the survey it is found that majority of the people know about “The

Week” magazine but still many of them do not have any information about this magazine.


Recommendations


    54
After analysis of the survey it can be recommended that Malayala Manorama Company Limited

should go about with advertisements and promotion programs especially in Northern region

since many people react as if they have heard the name of the company and the magazine for the

first time where as on the other hand India Today and Outlook are quite popular with the people

surveyed.




Q.5 Would you like


(i) to subscribe, or


(ii) buy the magazine from a retail store.




    55
Implication of the question

Through this question we aim to know the general mode through which the customers buy the

magazine and we can thus know a better way to deliver the magazine.




                 Having the magazine through retail or
                            subscriptions?



                                38%




                                                            62%          subscriptions   retail




SAMPLES

Through this question, it was found that _


     (i)     62% percent of the customers have the propensity of buying the books through

             subscriptions.

     (ii)    38% of the customers like to buy the magazine from a retail store.



    56
Findings

Thus through this study we can find that majority of the customer find it beneficial to get the

magazine subscribed rather than buying these from the retail stores.


Recommendations

Looking at the above analysis, I would suggest Malayala Manorama Company Ltd. to try to

expand its business more into subscription and make the good promotional schemes so as to

cover majority through the subscription.




Q.6 What other gift / discount will be better other than MANORAMA

YEAR BOOK for 6 months subscription?


       (i) SUNGLASSES

       (ii) T-SHIRT

    57
(iii) SET OF PENS

       (iv) DISCOUNT OF 20%

       (v) MANORAMA YEAR BOOK


Implication of the question

This question implies you that how many % of the people wants these gifts & discount with the

subscription by the company.




                               5%
                                         15%

                  20%
                                                                    Sunglasses
                                                                    t-shirt
                                                                    Set of pen
                                                                    discount of 20%

                                               35%                  Manorama year book

                    25%




SAMPLES

Through this question, it was found that _


   (i) 15% of peoples want sunglasses.

    58
(ii) 40% of peoples want t-shirts.

   (iii) 25% of peoples want set of pens.

   (iv) 20% of peoples want discount.

   (v) 5% of peoples want Manorama Year Book


Findings

Thus through this study we find that more % of people want t-shirt more than any other things.




Q.7 “The week” Magazine provide us with information from different fields

may be it is politics, art or science, society or fashion etc. do you find these

contents sufficient enough to provide you with good information?


    59
(i)YES                              (ii)NO




Implication of the question

This question implies us to know as to what % of the people who read “The week” magazine are

satisfied with its level of information and the various contents.



                      Are the contents informative?




                                 33%




                                                                     Yes   No
                                                           67%




SAMPLE SIZE:

Through this survey, it was found that:



    60
(i) 67% of people who read “The Week” magazine was satisfied with its matter content

       while,

   (ii) 33% of people are not satisfied with the matter content


Findings

Through this question it was analyzed that majority of the readers of “The week” magazine were

satisfied with the contents of information of this magazine and that they found this information

as really useful, investing and sufficient enough to quench their thirst for knowledge while 33%

of people still found the magazine unable to provide them with the required information.


Recommendations

After analyzing this data, I would like to suggest Malayala Manorama Company Limited to get

the surveys and research work done at a large scale so as to find out what are the contents or the

information in which the magazine is lagging behind and find out the ways to improve.




Q.8 Do the contents of “The Week” magazine bear any similarity to the

contents of any other magazine?


    61
(i)Yes                   (ii) No


Implication of the question

Through this question, we can deduce as to how much percent of the people find uniqueness in

“The Week” magazine and how much percent of the people find similarity in the contents of

“The Week Magazine”.



           Do the contents bear any similarity to other
                          magazines?
                                                                       Yes   No




                                                           46%

                        54%




SAMPLE SIZE:

Analyzing the answers to the above questions, it was found that-
    62
(i)         46% of the readers of “the week” magazine found that the contents of magazine were

            some or the other way similar to any other weekly magazine, whereas

(ii)        54% of the people found the contents as different from others.


Findings

After analyzing the answers for the above questions it was found that nearly half of the

population still feels that contents of “The Week” magazine have resemblance with any other

weekly magazine and thus has still has space for making its own identity well established. Thus

it has a lot of room to improve and be the best amongst the weekly magazines.


Recommendations

Thus, I would like to suggest Malayala Manorama Company Ltd. that it should go for

innovating some of the contents of the week magazine which become a completely different

and interesting taste for the readers so that they keep their loyalty with the magazine.




Q.9 In your opinion, which feature of “The week” magazine attracts you

most to read this magazine?


      (i)     Prompt delivery of the news.
       63
(ii)    The column of “COVER STORY” every week.

   (iii)   Column of cinema.

   (iv)    Column of business.

Implication

The purpose behind asking this questioning is to know which feature of “the week “ magazine is

the cause of the inclination towards the week magazine and how can the company improve other

features so as to make other features equally good.



           Feature of 'The Week' magazine that attracts
                            the most.


     70%

     60%

     50%

     40%

     30%

     20%

     10%

      0%
            prompt delivery   column of cover    column of cinema   column of
               of news        story every week                       business




SAMPLE SIZE:




    64
(i) Analyzing          the     above        question,       it       was       found       that,

        60% of the readers of the week magazine found prompt delivery of the news as the best

        feature which attracts them to read this magazine.

   (ii) 20% of the readers found the “COVER STORY” column as the best part.

   (iii)15% of the readers found the “Business” column as the best part.

   (iv) 5% of the readers found the “cinema” column as the best part.


Findings

Through the above analysis it was found that major feature of attraction for all the readers was

the prompt delivery of actual news and that is a good sign for the future of this magazine.




Recommendations

I would suggest the Malayala Manorama Co. Ltd. to keep 100% accuracy in delivering the actual

news as well as to make other columns such as the business column or the cinema column more

attractive & appealing.




Q.10 Which type of subscription of “The Week” magazine would you like to

have-



    65
1. Short –term (6 months)


2. Long term (1yr/3yr/5yr)

Implication of the question

The purpose of asking this question is to know of how much percent of the people find short-

term subscriptions as beneficial for them and how much percent find long-term subscriptions as

beneficial.



                      Type of subscription preffered




                                                                  short term subscriptions
                                                                  long term subscriptions




SAMPLE SIZE:


    66
After going through the answers for the above question it was found that:


(i) 77% of the people wanted to have short-term subscriptions.

(ii) 33% of the people wanted to have long term subscriptions.


Findings

After analyzing the answers for the above question it was found that most of the people wanted

to have weekly magazines through the short term subscription sale while only 33% of the people

wanted to have the magazine through the long term sales. Thus, we can deduce that most of the

people either do not have sufficient funds to go for long term subscriptions or they do not have

enough loyalty towards the magazine.


Recommendations

Thus, I would like to suggest the Malayala Manorama Company Ltd. that it should try to develop

brand loyalty by providing good news as well as proper delivery of the magazine to the

customers and also by catering to the needs of the readers.




Q.11 Do you feel that creating awareness among public about weekly news

magazines through extensive promotion programs would lead to growth in

weekly magazines usage?


    67
1) YES                                                   2) NO


Implication of the question

The purpose of asking this question is to know whether the extensive promotion programs are

fruitful or not, and whether the promotion programs lead to an expansion of the business or not.




          would promotion programs lead to growth in
                   weekly magazines usage?




                         35%




                                                                           Yes

                                                           65%             No




SAMPLE SIZE:

On analyzing the above question it was found that:




    68
(i) 65% of the people surveyed said yes, the promotion programs would lead to a

               growth in the usage of weekly news magazines.

           (ii) While remaining 35%of the people said that they don’t think that these

               promotional programs are of any use for the growth in the number of readers.


Findings of the question

Through the analysis of the above question it was found that majority of the people feel that

extensive promotion programs are really beneficial to expand the market as well as to develop

interest in the people towards weekly news magazines. While some people are still of the view

that such programs are useless as far as the expansion of the market of weekly magazines is

considered.


Recommendations of the question

After going through the analysis and findings of this question I would like to suggest the

Malayala Manorama Company limited that it should keep on coming up with new promotional

programs so as to make the existing readers loyal as well as attract new customers.




    69
Q.12 Which medium of promotion would you like to suggest to the Malayala

Manorama Company Ltd., whose product is the “the week” magazine, so as to

be successful?


              Institutional sales

             Retail sale

             Subscription sale


Implication of the question

The purpose of asking this question is to know as to which medium of sales is most profit

earning for the organization or which medium is preferred most by the public for getting the

magazine whether it is through subscriptions or through retail or through institutional sales.




            Medium of promotion best for ' The Week'
                          magazine.

      40%
      35%
      30%
      25%
      20%
      15%
      10%
       5%
       0%
                 subscriptions             retail           instituitional sale




    70
SAMPLE SIZE:

On analyzing the analysis of the answers for the above question it was found that:


                (i)      40% of the people preferred to have the magazines through the

                       subscriptions

                (ii)     38% of the people preferred to have the magazines through the retail sale

                (iii) 22% of the people preferred to have the magazine through the institutional

                       sales.


Findings of the question

After analyzing the answers for the above question it was found that almost similar percent of the

people that is nearly 40% of the people were in favor of promotion programs through the

subscriptions and the same percent in favor of promotion through retail sales while only 20% of

the people favored promotion through institutional sales. Thus, it was found that most of the

people feel that promotional programs are a better way to bring an increment in the sales of the

magazine and thus this method can be considered as most effective way of promoting the sales

further.


Recommendations of the question

After all the analysis I would like to suggest that for the promotion programs the company

should go for promotional programs all throughout India and sub-urban areas where it still has to

establish itself which would surely help it to grow faster.




     71
Problems regarding sales promotion

The topic i.e. Sales promotion of The Week magazine has been chosen because of two particular

reasons. The very first reason as to why this particular topic has been chosen is that I was given

the task of getting the subscriptions done for The Week magazine during my summer training.

These subscriptions were for a period of 6 months and while undertaking my task I had

developed a keen interest of knowing the popularity of this magazine since I did not get many

people who were aware of this magazine and of those who were aware were not the readers of

this magazine, though Malayala Manorama Company is the largest publication house of India

and this magazine is very popular in South India. So in order to find an answer to these questions

I went with up the topic. Also as I was to approach people regarding the subscriptions, it became

easy for me to move about with the survey.


The second reason as to why I chose this topic was that getting the subscriptions done for any

magazine was a kind of promotional scheme and since I was to get the subscriptions done I was

in a way promoting the sales of this magazine. And so choosing this topic as my summer training

project was not a tough job.




    72
73
Conclusion

 Through the survey it was deduced that most of the people are aware of the weekly news

   magazines, specially the salaried class and the students.

 Majority of the people surveyed are reading weekly news magazines and the most

   preferred magazine is India Today, thereafter people prefer reading Outlook and then

   comes „The Week‟ magazine, which is at the third position as found through the survey.

 Majority of the people have a know-how of “The Week” magazine but still a large

   percentage of the people are still unaware of the existence of this magazine as well as it‟s

   belongingness to Malayala Manorama Co. Ltd.

 Some of the people found that the contents of The Week magazine as not so informative

   as are the contents of other magazines like Outlook or India Today.

 Majority of the people prefer having a subscription in comparison to retail buying. Also,

   the subscription periods favored by them are of the short term rather than of long term.

 People who prefer The Week magazine choose it because of prompt the delivery of this

   magazine.

 Promotion programs through subscriptions have come out as the best way to expand the

   sales of The Week magazine whereas retail sales is also more or less desired the same

   way for expansion of the sales whereas institutional sales is not considered as the best

   method.




74
75
RECOMMENDATIONS

 According to the analysis of the survey, I would like to recommend to the Malayala

   Manorama Co. Ltd. to make people aware of the “The Week” magazine so that at least all

   the people have a consideration of this magazine whenever they are to buy or subscribe

   the magazine.

 Some of the contents of the week magazine need to be innovated and made more attractive

   so as to make it a differentiated product in the weekly magazine market.

 Malayala Manorama Co. Ltd. should go extensive promotional programs as well as for

   advertisements through various Medias.

 Malayala Manorama Co. Ltd. should try to expand its sale through covering the magazine

   market through subscriptions especially short term subscriptions.

 I would suggest the Company to deliver actual news with 100% accuracy and to make the

   columns of business and cinema more attractive and appealing.

 It should provide good service and properly deliver the copies to the customers and also

   cater to the needs of the readers.

 Malayala Manorama Co. Ltd. should come out with new promotional schemes especially

   through subscriptions so as to keep existing readers loyal as well as attract new customers

 The company should go for extensive promotion programs especially in sub-urban areas
   so as to maximize its sale since sub-urban areas give the space for a new market wherein

   most of the competitors are still to find a way.




 76
77
QUESTIONNAIRE

NAME: ................................................

Q.1)AGE? QUALIFICATION ? PROFESSION?                            MONTHLY INCOME?

15-25         UNDER GRADUATE STUDENT                               <25000
25-40         GRADUATE                       BUSINESS              <50000
40-50         POST GRADUATE                  SALRIED               <75000
50-60         OTHERS                         OTHERS                <75000



Q.2) Do you know about “Weekly News Magazines”?

        (i)YES                                   (ii) NO

Q.3) Do you read weekly news magazines? If YES, then which one of these?

             F. THE WEEK
             G. INDIA TODAY
             H. OUTLOOK
             I. OPEN
             J. Others

Q.4) Do you know about “The Week” magazine?

        (i)YES                                        (ii) NO


Q.5) “The Week” magazine belong to Malayala Manorama Company limited, the largest
publication house of India. Do you know that?
          (i)YES                            (ii) NO




     78
Q.6) “The week” Magazine provide us with information from different fields may be it is
politics, art or science, society or fashion etc. do you find these contents sufficient enough to
provide you with good information?

           (i)YES                        (ii) NO

Q 7) Do the contents of “The Week” magazine bear any similarity to the contents of any
other magazine?

(i)Yes                   (ii) No

Q.8) Would you like

(i) to subscribe, or

(ii) buy the magazine from a retail store.

Q 9)        In your opinion, which feature of “The week” magazine attracts you most to read
this magazine?

    (i)        Prompt delivery of the news.
    (ii)       The column of “COVER STORY” every week.
    (iii)      Column of cinema.
    (iv)       Column of business.

Q 10) Which type of subscription of “The Week” magazine would you like to have-

               Short –term (6 months)
               Long term (1yr/3yr/5yr)

Q.11) Do you feel that creating awareness among public about weekly news magazines
through extensive promotion programs would lead to growth in weekly magazines usage?

    (i)Yes                                    (ii) No

Q.12 Which medium of promotion would you like to suggest to the Malayala Manorama
Company Ltd., whose product is the “the week” magazine, so as to be successful?

                 Institutional sales


     79
Retail sale
     Subscription sale




80
Bibliography

     http://weekly.manoramaonline.com/

     http://en.wikipedia.org/wiki/Malayala_Manorama

     http://freelance.afaqs.com/perl/news/interviews/index.html?id=275

     http://www.emagazinecatalog.com/india-emagazines.php

     http://www.linkroll.com/Children-Education-Reference-and-Education--185086-

     magazine-listmens-magazinemagazinesubscriptionindian-magazine.html

     http://www.the-week.com/

     http://digg.com/television/The_Week_magazine_Ad_Malayala_Manorama_group

     http://en.wikipedia.org/wiki/Malayala_Manorama

     http://www.aboutus.org/The-Week.com




81
82

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Ashwani

  • 1. Global Group of Institutions (GGI), Lucknow A Summer Training Report On STUDY techniques OF SALES PROMOTION OF THE WEEK Submitted for partial fulfilment for award of Master of Business Administration Degree SUBMITTED TO SUBMITTED BY Mr.HEMENDRA SHARMA ASHWANI KUMAR DEAN MBA FACULTY OF Roll NO.1173870007 MANAGEMENT GAUTAM BUDHH TECHNICAL UNIVERSITY, LUCKNOW, INDIA 2011-2013 0
  • 2. Acknowledgements This project is an outcome of the support and encouragement provided by a number of people at Malayala Manorama Co. Ltd. that embodies some of the best aspect of Indian corporate world .I would like to express my sense of gratitude to the company for giving me this valuable learning opportunity and for allowing me to conduct this summer project .I sincerely thanks my project guide Mr. SANJEEV SHARMA, Sales Manager, Malayala Manorama Co. Ltd. for guiding me through out the project and helpful in furnishing the required information. I am very grateful to our Mr. Hemendra Sharma (DEAN FACULTY OF MANAGEMENT) and all faculty members for their excellent guidance in the completion of my project work. I would also like to thank my colleagues who were working with me during the internship in Malayala Manorama Co. Ltd. for their corporation & support during the entire period. 1
  • 3. Preface The practical training is a life of a management student. In modern world, the importance of management is increasing day by day. Industrial training provide a student sufficient knowledge to develop an education to connect theory and practical. I am student of M.B.A. being a part of our syllabus. I have taken training from “Malayala Manorama Co. Ltd.” .I am very glad to represent this project report before you as it involves my hard work, experience as well as co-ordination of all staff members. Such type of training is very helpful to management students as it helps in strengthening confidence and gives experience to check the theoretical knowledge. Ashwani Kumar 2
  • 4. Declaration I hereby declare that the project report entitled “Study Techniques Of Sales Promotion Of “THE WEEK’’ submitted in fulfilment of the requirements for the degree of “Master of Business Administration ” at GLOBAL GROUP OF INSTITUTIONS , LUCKNOW is my original work and not submitted for the award of any other degree, fellowship or any other similar title or prizes. ASHWANI KUMAR MBA 3rd SEMESTER 3
  • 5. 4
  • 6. 5
  • 7. TABLE OF CONTENTS PAGE S. NO. PARTICULARS NO. 1. Introduction 6-9 2. Company Profile 10 – 15 3. Product Profile 16 - 21 5. Subscription details of the week magazine 22 - 24 6. The Week Magazine 25 - 33 7. SWOT Analysis 34 - 37 8. List of book stalls participating in display scheme 38 - 39 9. Research Methodology 40 - 43 10. Data analysis 44 – 70 11. Conclusion 71 – 72 12. Recommendations 73 – 74 13. Annexure 75 – 77 14. Bibliography 78 - 79 6
  • 8. INTRODUCTION Brief description about the project The project has been made by conducting a survey of about 400 people. A questionnaire had been designed for the purpose and individuals were asked to fill the same. After this each question has been discussed with its implication or relevance to the topic. The answers to each question have been analyzed and then the respective findings have been discussed. Thereafter I have provided my recommendations on the analysis and the findings and have tried to suggest some of mine viewpoints so as to promote the sales of the magazine and also to expand the market share. While working with the project it was found that: Majority of the people have a know-how of “The Week” magazine but still a large percentage of the people are still unaware of the existence of this magazine as well as it‟s belongingness to Malayala Manorama Co. Ltd. Promotion programs through subscriptions have come out as the best way to expand the sales of The Week magazine whereas retail sales is also more or less desired the same way for expansion of the sales whereas institutional sales is not considered as the best method. Today is the world of internet and technology, which is renewing itself day by day, hour by hour and second by second and in such a kind of atmosphere it becomes quite a bit difficult for print media to establish itself in the market especially when every second adds a news and this news at the same time appears on the various news channels and the web pages of different sites. Thus, in such a competitive and modernized world wherein, one side, we have the ages-old print media 7
  • 9. where you have to wait at least for some hours to know the news and, the other side we have the internet and the various e-sites to enrich every bit of second with an updated news, it is a work of great reward for Malayala Manorama Company Ltd. to be the No. 1 publication house and that too, with growing popularity and growing number of readers for it‟s various products, be it Manorama Yearbook, The Week Magazine , Vanita Magazine, The Man Magazine, various newspapers or Magic Pot and also for keeping the interest of the people alive in print media still today. “The Week” magazine is a weekly product of Malayala Manorama Company Ltd. and it is a GIEM-  G- General  I- Interest  E- English  M- Magazine The Week magazine has strongly rooted itself in the South Indian market but it still has to strengthen it‟s position in the North India wherein it‟s two strongest competitors „India Today‟ and „Outlook‟ are still dominating. Thus a survey of 400 people has been conducted with an objective of knowing how this magazine can be promoted and what are the best ways to deliver it ,so as to maximize the number of readers. The survey was conducted by taking 400 people as the sample size belonging to different age groups and having different incomes and occupation. The summary of the study can e described through these points:  Promotion of the week magazine has been carried out since past so many times but still a major part of the population is unaware of this magazine and most the people who are aware of it read other magazines such as India Today and Outlook. 8
  • 10. According to the study, the contents of The Week magazine have still to have their own uniqueness and also has to prove it‟s degree of catering good information. VISION 'The most successful and admired magazine company, which means that we are the most trusted company, the easiest to deal with, offer the best value for money, and set the standards in the industry'. 9
  • 11. OBJECTIVE  Determining the factors that allure a reader to subscribes to a business magazine.  Awareness about The Week among reader in Lucknow.  Weekly journals having highest and 2nd highest reader ship in Lucknow. VALUE Values that we observe while we work: Integrity Innovation Customer centric People Care One for all and all for ones Teamwork Joy and Simplicity The best way for the promotion of the magazine, as it comes out through the study, is through the subscriptions. People prefer to have subscriptions for the short term period rather than for long term duration. 10
  • 12. 11
  • 13. Company Overview: Malayala Manorama and Company Date of Establishment 1888 Revenue Not Available Market Cap Not Available Corporate Address K K Road, Kottayam, Kerala - 686001, India Branches Not Available Management Team George Jacob – Director Owner Malayala Manorama Group Headquarters Kottayam Website manoramaoline.com Overview A wholly owned family enterprise, Malayalam Manorama is an ISO 9001 company. It is India's largest circulated regional newspaper. It has nine units in Kerala and three units outside Kerala. It is the first newspaper for which offices are connected on a high speed Wide Area Network using the fibre optic cable network of the DOT. 12
  • 14. The product offering of Malayala Manorama & Company includes The Week, Bashaposhini, Karshakashree, Manorama Weekly, Manorama Annual, Vijayaveedhi , Vanitha, Vanitha Hindi, Kalikkudukka, Magic Pot, Balarama, Balarama Digest, Amar Chitra Katha, Thozhilveedhi, Knowledge Adventure CDROM, Hindi Year Book, English Year Book, Tamil Year Book, Malayalam Year Book, Bengali Year Book and Malayala Manorama Newspaper. The company publishes in five different languages. Malayalam Manorama (Malayalam: ) is a popular Malayalam daily with a very strong readership in Kerala, India. The Manorama group, which manages the newspaper, also runs the Manorama Yearbook, largest circulated yearbook in the region. Malayalam Manorama, which first appeared on 14 March 1890, as a weekly, currently has a readership of over 16 million, with a circulation base of over 18[lakh]] copies. Malayalam Manorama is very popular among Christians and the supporters of the Indian National Congress party in Kerala. Manorama is acclaimed of its highly attractive page layouts. The Malayalam word "manorama" roughly translates to "entertainer". The Week (India), an Indian weekly is also brought out by the Manorama Group. Manorama Yearbook is yet another popular yearly publication by the Kottayam-based Manorama group. 13
  • 15. History Of MALAYALA MANORAMA COMPANY LIMITED A joint stock publishing company, destined to acquire the status of the first joint stock publishing company of Republic of India, was incorporated by in 1888 by Kandathil Varghese Mappillai at, then a small town in the Kingdom of currently, a part of Kerala state, India. The first issue of Malayalam Manorama was published on 22 March 1890 from the press owned by Malankara Metropoltan H.G. Joseph Mar Dionysius of the Orthodox Church. The name Malayalam Manorama was chosen by the poet, Raghavan Nambiar, Villuvarvattathu from Tiruvalla. Kerala Varma granted the symbol which is a part of the Travancore kingdom symbol. In a period of two years, from the date of incorporation until the publication commenced, the company witnessed several challenges. It also publishes an information oriented monthly called Tell Me Why. Editions Kottayam Thiruvananthapuram Kozhikode Kochi Thrissur Kannur Kollam Palakkad Malappuram Pathanamthitta Bangalore Mangalore Chennai 14
  • 16. Mumbai Delhi Dubai Bahrain The newspaper is criticised for its number of advertisement space. The newspaper is known for giving more importance to advertisements and less importance to news.The manorama group are also open promoters of capitalist policies and shows strong opposition to socialism. Timeline 1888 Malayalam Manorama founded 1890 First issue of Malayalam Manorama was published on 14 March 1892 Publication of Bhashaposhini commenced 1901 Malayalam Manorama becomes bi-weekly 1904 Kandathil Varghese Mappillai, the key figure passes away on 6 July 1915 Malayalam Manorama commences publication of daily World War I supplements 1918 Malayalam Manorama becomes triweekly on 2 July 1928 Malayalam Manorama becomes a daily from 2 July 1929 On 29 May, Akhila Kerala Balajana Sakhyam formed 1930 Malayalam Manorama‟s first Annual Number appears 1937 Commencement of Malayalam Manorama Weekly from 8 August 1938 Travancore state proscribes Malayalam Manorama on 10 September o An issue appears on 14 September from the state of Cochin- from the Kunnamkulam press of the Orthodox church. 1939 K. C. Mammen Mappillai was convicted and imprisoned on trumpeted charges of 15
  • 17. corruption and fraud 1941 Mammen Mappilla released after being absolved of all false cases 1947 From 29 November, Malayala Manorama re-commences regular publication 1950 Installation of the first rotary press 2007 Becomes the only regional language daily in India to cross 15 lakh copies. Journalists Prominent journalists who have worked with the Manorama daily or other Manorama publications include Vaikkom Chandrasekharan Nair, E. V. Krishna Pillai, E.V. Sreedharan, T. V. R. Shenoy, K. Gopalakrishnan, Babu Chengannoor, K. R. Chummar, Moorkoth Kunjappa, K. M.Tharakan, T. K. G. Nair, K. G Nedungadi, VKB (V. K. Bhargavan Nair) Others include Thomas Jacob and Joy Sasthampadickal who are currently working. 16
  • 18. PRODUCT PROFILE The Week is the country's most respected business daily, being the first choice of serious business readers. The magazine believes in free, fair and independent journalism and strives to inculcate these values in its editorial staff. The journalism practiced by The Week lays equal stress on quality, credibility and accuracy. 1. First page consist of the headlines, news of the last day. On the top of the page, there is a line, which indicates the volume number, publishing centers from where this magazine is being printed. 2. Below that line there is the header “The Week” in association with Financial Times of London. 3. On left side of the whole page there are certain columns like In Brief, Market watch and opinion poll. 4. On the bottom right corner of the page there is a sole add generally. 5. Second and third pages consist of the news related to the Economy. 6. There is a separate page for International news and State news. 7. Tenth and Eleventh page generally consist of Issues & Insights and Opinion respectively. Next is the back page. 8. After back page, a different section called Money and Markets comes which contains all the news related to currency, daily stock market fluctuation and also about the commodity market. This section is completely made for money and markets only, to give the detailed news of each and every factor. 17
  • 19. MAJOR PRODUCTS OF MALAYALA MANORAMA MALAYALA MANORAMA DAILY Largest circulated and read regional language newspaper daily in India. Circulation: 1.54 million(ABC Jan-Jun 2010) Readership: 8.837 million (IRS 2010 Round 1) Cover price: Rs.3.50 (Sunday: Rs 4.00) Periodicity: daily Language: Malayalam MALAYALA MANORAMA WEEKLY Largest circulated weekly newspaper in India. Circulation: 6.17 lakhs (ABC Jan-Jun 2010 ) Readership:22.94 lakhs (IRS 2010 Round 1) Cover price: Rs. 4.00 Periodicity: weekly Language: Malayalam 18
  • 20. VANITHA : MALAYALAM Largest read and circulated Women‟s magazine in India. Circulation: 4.79 lakhs(ABC Jan-Jun 2010) Readership: 30.67 lakhs(IRS 2010 Round 1) Cover Price: Rs. 14 Periodicity: fortnightly Language: Malayalam BALRAMA: Largest read and circulated children‟s weekly in India. Circulation: 2.74 lakhs(ABC Jan-Jun 2010) Readership: 21.24 lakhs (IRS 2010 Round 1) Cover price : Rs. 8 Periodicity: weekly Language: Malayalam VANITHA – HINDI One of the major women‟s magazine in India. Circulation:1.74 lakhs(ABC July- Dec 2010) Readership:7.90 lakhs (IRS 2010 Round 2) Cover price: Rs. 20 Periodicity: monthly 19
  • 21. Magic Pot Largest selling magazine for nursery school children in India. Circulation: Not available(ABC Jan-June 2010) Readership: 0.92 lakhs (IRS 2010 Round 1) Cover price: Rs. 12 Periodicity: Fortnightly Language: English MANORAMA YEAR BOOK: English Largest circulated yearbook in India. Circulation: 2.44 lakhs (ABC Jan- Dec 2009) Readership: Not available in IRS/NRS Cover price: Rs. 130/- Periodicity: annual Language: English 20
  • 22. AMONGST OTHER PRODUCTS ARE THE THE WEEK MAGAZINE THE MAN 21
  • 23. TELL ME WHY AND MANY MORE 22
  • 24. SUBSCRIPTION DETAILS OFTHE WEEK MAGAZINE Subscriptions for The Week magazine can be: Short term subscription. Long term subscriptions. Short term subscriptions are for a period of 6 months whereas long term subscriptions are for 1 year, 3years or 5years. Attractive gifts are given to the subscribers with these subscriptions. Subscriptions are the best way for the promotion of The Week magazine and these are helping a lot to build up the position of the magazine. The summer trainees were to do the promotion through the 6 monthly subscription plans. The various subscription plans are describe: 5 YEAR’S SUBSCRIPTION Total issues of The Week magazine offered in 5 years (52*5) : 260 New stand price of 260 issues (260*52) : Rs. 5200 Discount on 5 year subscription (50% of 5200) : Rs. 2600 Thus, subscription cost of 5 year subscriptions (5200-2600 : Rs. 2600 Gift: GE Cordless Phone/leather bag pack, Mrp : Rs. 1395/1595 Balance amount : Rs.1205/1005 Cost per copy (1005/260) 23
  • 25. Copies to be delivered through courier : Rs.3.86 3YEAR’S SUBSCRIPTION Total issues of The Week in 3 years (52*3) : 156 New stand price of 156 issues (156*20) : Rs. 3120 Discount on 3 year subscriptions (45% of 3120) : Rs. 1421 Subscription cost of 3 year subscription : Rs. 1699 Gift: Beetle Caller ID Phone or 3 year subscription TMY/ : Rs.995/720 1year TM Balance amount : Rs.704 Cost per copy Copies will be sent by courier : Rs.4.51 1 YEAR SUBSCRIPTION Total issues of The Week in 1 year : 52 Newstand price of 52 issues : Rs. 1040 Discount on 1 year subscription : Rs. 441 Cost of 1 year subscription : Rs. 599 Gift: TraveBag : Rs. 240 OR 1 year TMW// Leather Wallet : Rs. 240 Balance amount : Rs. 399 Cost per copy Copies will be sent by courier : Rs. 7.67 24
  • 26. 6 MONTHS SUBSCRIPTION Total no. of issues in 6 months : 26 Newstand price of 26 subscriptions : Rs.520 Discount on 6 months subscription : Rs. 190 Cost of 6 months subscription : Rs. 330 Gifts: I Manorama Yearbook and 1 Britannica Encyclopedia CD Cost per copy almost free Copies will be sent by courier : Rs. 330 25
  • 27. “THE WEEK” MAGAZINE „The Week‟ is India‟s fastest growing G.I.E.M i.e. General Interest English Magazine. It‟s periodicity is one week. It has about 3.5 lakh readers and is under continuous growth in the number of readers. Cover price of this magazine is Rs. 20. The Week is fastest growing news magazine having a circulation both nationally and internationally. It is written and designed to be fast, clear and concise and easy to follow magazine for every educated home and concerned citizens. It is packed with latest news and views from every corner of India plus highlights from whole world. THE WEEK CONTENTS The Week magazine has a wide variety of contents which cover great range of articles from all the fields may be it is the: cover story, aperitif, letters, current events, special reports, states can, development , society, 26
  • 28. art and style, cinema, forecast, global village, etc the sexes time out biz buzz last word COVER STORY Column of cover story covers the most talked about topic of the week or any such topic which is very sensitive and needs to be given special attention, maybe it is related to politics, society, business or art or style. This column covers a long description of the topic chosen and also interviews regarding the topic from eminent personalities of the concerned fields and also some other related information. APERITIF This is the column where small articles covering news from all over the country and which are worth mentioning are published. These articles are very small and are of just two or three sentences long. These articles give a brief idea of the various happenings which went by throughout the past week. This column also contains a sub-column called Power Point where Sachidananda Murthi,Resident Editor, Delhi, puts his words into ink on any specific issue. There is also a column of milestones which covers milestones set by the various personalities in 27
  • 29. different fields. Aperitif also covers one more sub-column point blank which covers the quotes as said by eminent personalities of the world and which has been found worth mentioning. LETTERS Column of „Letters‟ contains letters from the readers of The Week magazine regarding various queries related to any field. CURRENT EVENTS As the name suggests this column gives the information regarding the most recent events that took place throughout the world. Thus, this magazine acts as a very good informative diary for all the people who love to be updated with the newest information. ART AND STYLE This column is a very beautiful and very colorful column and depicts the imaginative power of the human kind and shows beautiful works of art and style by various artists, who may be fashion designers, interior designers, painters, various other technological designers. India is a place where art is worshipped and columns like this provides the worshippers with a sense of contentment when they get to see such beautiful imaginations personified on paper. Thus, overall, this is a very good column to make people be a fan of this magazine. STATESCAN 28
  • 30. States can contains an article on any specific news of particularly one state from all over India. The news may be of any kind whether it is political unrest in U.P. or attacks on non- maharashtrians in Maharashtra. SPECIAL REPORT Special report focuses mainly on drawing society‟s , administrators‟, officials‟ and everybody else‟ attention on a most sensitive issue which has to be taken utmost care of and which needs immediate actions to be taken to be brought onto the path required. CINEMA Cinema is the column which desires to fulfill the wants of Bollywood and Hollywood lovers and provides them with spicy news from all the corners of the world related to the cinema world. SOCIETY This column of The Week magazine brings to the front the various issues related to the society and thus develops people‟s concern regarding that issue and hence makes the society a bit aware of any injustice being done to anyone, any environmental damage, any flaw going on in any system, any wrong being done to society, the various social evils or any other thing. FORECAST Forecast as the name suggests gives the horoscope of people belonging to different zodiac signs. The predictions are made by Mr. K.K. Vamanan Nampoorthiri. 29
  • 31. THE SEXES It is the column wherein the famous writer, Shobhaa De speaks about any issue putting her own views and her own thoughts into words. TIME OUT This column gives the news about the various events or shows or other things like seasonal wears etc. which have soon begun or are about to begin and thus forces people to go for these things as soon as possible and that is how the name goes like. BIZ BUZZ The column of Biz Buzz gives the news of the corporate sector and talks about the various changes going on in the bigger companies throughout the world, their CEOs, their General Managers and the growing competition and the job opportunities created, if any. LAST WORD Last Word is the column wherein people like Amjad Ali Khan, Mahesh Dattani and Jon Stock put their views regarding some issue, from India and the whole world, at the last page of The Week magazine. This is the article that ends up the weekly news magazine. THE WEEK THE WEEK was launched in 1982. It is one of the products among the 27 products of the MANORAMA GROUP. It itself is the Brand Extension so has no other Brand Extension. The sales have now touched the figure of 10.98 lakhs in today‟s date. The sales figures are as 30
  • 32. follows. YEAR AVERAGE WEEKLY FIGURES (LAKHS) 2010 7.55 Lakhs 2011 8.72 Lakhs 2012 10.92 Lakhs Current 2012 1.98 Lakhs Expected at the end of 2012 Above 2 There was a fall in sales in 2012. This fall was due to the iLucknowease in information boom i.e. there are approximately 25 news channels across the nation, which provide the same news, and within a few minutes. For e.g. when there were bomb blasts all the news channels provided the same news with video clippings in no time. And so there was no point in printing the same report after a week. People started losing interest in reading, as the same news didn‟t seem interesting to them afterwards. Even the economy wasn‟t proper and people were busy and tensed with their tensions and hence the sales started declining. To overcome this loss the prices of the other magazines were Lucknow eased from rs.30 to rs.35. The logic behind Lucknowe asing the price even when the sales were declining was that less copies sold at a higher price helped them to cope up with the losses. But THE WEEK preferred to stay at same price. They felt that keeping price low will benefit their magazine and they were right to a certain extent. And so the scene is changed. Seeing the current situation the sales are expected to rise above 2 lakhs in the end of this year. 31
  • 33. Distribution: - THE WEEK has its distributors all over India. According THE WEEK the subscriptions are more profitable to them as the user is locked for a particular period and is habituated to reading the magazine and likes to continue it further. Out of every 100,99 people subscribe THE WEEK. Their assured subscriptions are 80,000. They offer 26% discount to the newsstand sellers and don‟t give them any return protection whereas they take all the unsold copies. They decide the number of copies to be published depending on statistics of Audit Bureau Circulation, market condition, contents of issue, cover page etc. their present figure is 1,80,000. Advertisements Expenditure: The profit margin of the company is 15% per year. According to them there should be at least 17-20 pages of advertisements for a magazine to run on no profit no loss basis. The ratio kept by THE WEEK is 30:70.i.e. 30%advertisements and 70% news. While taking the advertisements, preference is given to advertisements regarding services like banks, financial institutions, educational institutions, insurance companies etc. They do not take liquor and friendship advertisements. They take advertisements of 2 competitive companies e.g. NOKIA & SAMSUNG for the same issue as it doesn‟t matter for them. Promotions: THE WEEK gives advertisements in magazines like Times of India, Hindustan Times. They also advertise on CNN, CNBC, and NDTV in form of barter. I.e. the channels show their advertisements and THE WEEK prints their advertisements. Hoardings, posters and banners of the upcoming issue are always put at various places in the country. This helps in capturing new readers as the subject covered in the issue is displayed 32
  • 34. beforehand. They also provide sponsorships fro the college events, as THE WEEK is popular in students committee. They have sponsored events of IIT Mumbai, NM, Wilson College etc. They do this in cash or kind or both. Customer delight services value Propositions) They provide free gifts with their subscriptions like Leather Wallet with one-year subscription, Timex Watch with 3 years subscription and digital diary with 5-year subscription. They also constantly give offers like Scratch and Win, King of Offers, Sporting Offers, Khel Re and so on Features First Punch: - Here political news is conveyed by funny pictures. Quotable Week: - Statements of some famous personalities are quoted. Letters: - Letters written by the people regarding the previous issues, their opinions are expressed Controversy: - Highlights up the controversy going on Development: - Development made in some states i.e. taking people out of their problems. State Scan: - It includes main scan in the state. Cover Story: - This has the detail story of a current topic or situation. 33
  • 35. Writers world: - Information about new books etc. is given Global Village: - Global News is published. The news published is very rare. Forecast: - The forecast is given by a very famous person i.e. K.K.VAMANAN NAMPOOTHIRI. It is one of the main features, which is provided only by THE WEEK among the GIEM (General interest English magazines). The introduction of this had also lead to a tremendous I Lucknow ease in the sales. A person generally goes straight to this page and then the rest of news. We were told that Mr. Damodaran of UTI when once met Mr.Pinakki Chattopadhya marketing manager of THE WEEK told him that he and his wife read first the forecast and they had done a good job by introducing this feature. Mr. Pinakki Chattopadhya immediately gave him the offer that „why don‟t you advertise your UTI on just next page „And the same moment the deal was done. The page was sold for 40 lakh for a year. So we always see the UTI advertisement just opposite the forecast page. Markets Their main markets include metro politant cities in which first is Delhi then Mumbai, Chennai, followed by the rest. In other words North then West then South and East in the end. This magazine is also available all over India. Cover Page They keep their cover page same throughout the nation. They had changed it only once in case of Jay Lalitha as the news was more effective in south and not in rest of India. They had the Kashmir‟s cover in rest of India 34
  • 36. Selection of News If there is only one news, which can be printed, and there are two news one political and other general, then meeting is held as to which is to be selected i.e. which is more effective to the people. But mostly it is the general news as THE WEEK is a General interest English magazine 35
  • 37. SWOT ANALYSIS S W Company Reputation High price Quality of analysis Less no. of pages Honest and in-depth reporting Less add on supplements Distribution effectiveness 36
  • 38. O T Foreign tie-up with Financial times Market downfall London Competitors may further lower the price The overall evaluation of the company’s S--strength, W-- weaknesses, O-- Opportunities, and T--threads. Strength: The company publishes The Week magazine, which has a daily readership of approximately 120,000 and daily circulation of 217,764 (IRS 2007). In its endeavor to provide its readers with greater value, it has revamped its existing supplements and added new ones to its portfolio, offering a daily supplement catering to specific target audiences. The Week is read by the decision & policy makers. 37
  • 39. The Week stands for reporting that stresses accuracy and credibility, comment that is informed, independent and fair, and journalism that is rooted in ethical conduct and defined by a sacrosanct bond with the reader. The Week has a 200-person editorial team that is led by Sanjaya Baru, and includes well- known journalists like AK Bhattacharya, Sunil Jain and Shyamal Majumdar. The Week’s stable of specialist contributors includes some of the sharpest minds writing on economics and business. Among them: Bimal Jalan, former governor of the Reserve Bank of India; Shankar Acharya, former chief economic advisor, Government of India; Deepak Lal, professor of economics, UCLA; Suman Bery, director-general, National Council of Applied Economic Research; Abheek Barua, chief economist of HDFC Bank; Nitin Desai, former chief economic advisor and former under-secretary general at the United Nations; Surjit Bhalla, chairman of Oxus; Arvind Subramanian, professor at the Peterson Institute of International Economics; M. Govinda Rao, director of National Institute of Public Finance and Policy; AV Rajwade, well-known foreign exchange consultant; and Arvind Singhal, chairman, Technopak It has a market presence for past 35 yrs. The Week publishes a variety of periodicals in the automotive, lifestyle and business categories. Titles include Indian and Asian Economy, BS Motoring and Indian Management. BS Motoring has total circulation of 80,000 copies per month (2007). The majority of periodicals are published on a monthly basis. Weakness: Lack of product awareness and brand equity. 38
  • 40. Single product as a business magazine in magazine section. Absence of proper advertisement and promotion. Not proper facility to deliver the newly subscribed copies instantly. Opportunity: Magazines only reach 35% of the adult population, of which 65% is literate; there is significant room for growth. The sheer number of publications has created fierce competition which has kept prices low which in turn has caused publishers to depend more on advertising revenues. Threats: ET the top most players in Business magazines comes with lower subscription rates and also has combo offer with TOI. Other combo offers as Business Line with The Hindu and HT Mint with HT. LIST OF BOOK STALLS PARTICIPATING IN DISPLAY SCHEME S.NO. NAME OF BOOK STALL NAME PLACE 1. MORDERN BOOK STALL VINOD ARORA JANPATH 2. VISHAL PATRIKA VISHAL NEAR UMRAO CINEMA 3. SUBHASH PUSTAK BHANDAR SONI OPP. CHARBAGH 4. PANDIT PUSTAK BHANDHAR DIXIT CHOWK 5. S K PUSTAK BHANDHAR VIJAY CHOWK 6. AMIT PUSTAK BHANDAR AMIT DALIGANJ 7. MANNU BOOK STALL MANNU HAZRATGANJ 39
  • 41. 8. TANDON BOOK STALL RAMESH TONDON HAZRATGANJ 9. BHOLA BOOK STALL SRI RAM HAZRATGANJ 10. PARAG BOOK STALL DIGVIJAY HAZRATGANJ 11. KALA KUNJ BOOK STALL ARORA JI HAZRATGANJ 12. MODERN MAGZINE SHOP ADITYA KOTHARI KAPURTHALA 13. VIBHOR & RAINA BOOK STALL KHURRAM NAGAR 14. VIRENDRA VERMA VIRENDRA TEDHI PULIA 15. UMESH BOOK STALL UMESH RAIDAS MANDIR I.T BRIDGE 16. URMILA BOOK CENTER RAJESH SINGH JANKIPURAM 17. CITY BOOK SHOP MUJAHID HUSAIN SEC-Q ALIGANJ 18. MAMA MAGZINE CENTER MAMA SHRI PLAZA VIKAS NAGAR 19. SAROJ MAGZINE CENTER SAROJ VIKAS NAGAR 20. BHANJA BANDHU BOOK CENTER CHANBHUSAN VIKAS NAGAR 21. RAJU MAGZINE CENTER RAJU KAPURTHALA 22. BANSAL BOOK HOUSE SUNNY BHOOTHNATH MARKET 23. GARIMA BOOK STALL GARIMA BHOOTHNATH MARKET 24. MISHRA BOOK STALL RAJU MISHRA MUNSHIPULIA 25. VIBHOR BOOK DEPO MUNSHIPULIA 26. GOPAL SHARMA BOOK STALL ANUJ SHARMA VIVEK KHAND, GOMTI NAGAR 27. MODERN MAGZINE POINT RAJ KUMAR VIVEK KAHND, GOMTI NAGAR 40
  • 42. 28. TIWARI BOOK STALL OM PRAKESH HUSADIYA CHAURAHA, GOMTI NAGAR 29. YASH COMPETITION CENTER RAJENDRA PATRAKARPURAM, GOMTI NAGAR 30. MISHRA BOOK CENTER SUDAMA MISHRA PATRAKARPURAM, GOMTI NAGAR 31. SHYAM MAGZINE CENTER CHANDRESH CHARBAGH 32. VERMA BOOK STALL RAHUL I T CHAURAHA 33. SHYAM MAGZINE CENTER AMIT PURANYA CHAURAHA 34. TIWARI COMPETITION & BOOK ANIL NAHRIA CHAURAHA CENTER 35. HARI OM STATIONERS & NITIN NAHRIA CHAURAHA MAGZINE CENTER 36. PREM BOOK STALL VIKAS ALAMBAGH 37. ASHIRWAD BOOK STALL ARUN AMINABAD 41
  • 43. RESEARCH METHODOLOGY TITLE: To determine customer-buying behavior with a focus on market segmentation for Malayala Manorama Co. Ltd. TITLE JUSTIFICATION: 42
  • 44. The above title is self explanatory. The study deals mainly with studying the buying pattern in the insurance industry with a special focus on THE WEEK MAGAZINE. The various segments of the markets divided in terms of magazine Needs, Age groups , Satisfaction levels etc will also studied. SIGNIFICANCE TO THE INDUSTRY: This is a limited study which takes into consideration the responses of 100 people. This data can be explorated to take in the trends across the industry. The significance for the industry lies in studying these trends that emerge from the study. It is a rapidly changing and evolving sector. People are only beginning to wake up to its vast possibilities. A study like this can attempt to guide the future of the industry based on current trends. SIGNIFICANE FOR THE RESEARCHER : To facilitate and provide all the useful information of the company, the magazine industry and also provide marketing ways, methods of THE WEEK MAGAZINE. SAMPLING METHODOLOGY SamplingTechnique: Initially, a rough draft was prepared keeping in mind the objective of the research. A pilot study was done in order to know the accuracy of the Questionnaire. The final Questionnaire was arrived only after certain important changes were done. Thus the sampling came out to be judgemental and convenient. 43
  • 45. Sampling Unit: The respondants who were asked to fill out questionnaires are the sampling units. These comprise of employees of MNCs, Govt. Employees, and Self Employed etc. Sample size: The sample size was restricted to only 100, which comprised of mainly peoples from different regions of Lucknow due to time constraints. Sampling Area : The area of the research was Lucknow . LIMITATIONS OF THE RESEARCH 1. The research is confined to a certain parts of LUCKNOW and does not necessarily shows a pattern applicable to all of Country .A small number of 100 also does not show the pattern of the whole city. 2. Some respondents were reluctant to divulge personal information which can affect the validity of all responses. 44
  • 46. 3. In a rapidly changing industry, analysis on one day or in one segment can change very quickly. The environmental changes are vital to be considered in order to assimilate the findings. 4. The training period was very less. 1) PRIMARY METHOD: Survey is done through QUESTIONNAIRE taking 4OO people as a sample size of every age group with different qualifications and professions and of several salary packages of both „The Week‟ readers and non-readers of „The Week‟ in mixed form in consideration. 2) SECONDARY METHOD: Interview method is also adopted. This is done while interviewing various readers of „The Week‟ and other magazines. This stage occurs only after preparing QUESTIONNAIRE, i.e. after preparing questionnaire I asked, 400 customers of both non- WEEK readers and WEEK readers about The WEEK magazine, various questions mentioned in the questionnaire in order to accomplish my survey work. 45
  • 47. Q.1 AGE? QUALIFICATION ? PROFESSION? MONTHLY INCOME? 15-25 UNDER GRADUATE STUDENT <25000 25-40 GRADUATE BUSINESS <50000 40-50 POST GRADUATE SALARIED <75000 50-60 OTHERS OTHERS >75000 46
  • 48. NOTE: The following pie charts show the percentage of people surveyed of different age group, qualification, profession and income group. AGE 2% 10% 15-25 30% 58% 25-40 40-50 50-60 QUALIFICATION 0% 16% 14% Under Graduate Graduate Post Graduate 70% Others 47
  • 49. PROFESSION Student Business Salaried Others 5% 20% 45% 30% NOTE: In the Chart, Others include Doctors, practicing Chartered Accountants, and Agents etc. INCOME GROUP 4% 3% 10% 35% 0 <25000 <50000 <75000 48% >75000 NOTE: In the chart, 0 income group include the students surveyed who do not earn. 48
  • 50. SAMPLE SIZE: The survey was conducted with the help of questionnaire taking 400 people as a sample size of every age group with different qualification and profession and of several salary package like 48% people surveyed are earning less than or equal to Rs.25000, 10% are earning less than or equal to Rs.50000, 4% of them are earning less than or equal to Rs.75000, 3% of them are earning greater than or equal to Rs.75000 while 35% of them have no earnings as they are students. The people surveyed are of different qualification like 16% of people surveyed are post graduate, 70% are simply graduates among whom there are 58% of the people interviewed aged less than or equal to 25, 30% of the people aged less than or equal to 40, 10% of them are less than or equal to 50 and 2% of people are up to an age of 60 years. The survey includes the people of different profession too like 20% of the people surveyed are salaried people, 30% of them are in business, 45% are students while 5% of them includes Doctors, C.As etc. Q.2 Do you know about “Weekly News Magazines”? (i)AWARE (ii) UNAWARE Implication of the question The purpose of this question to the people is to know about the awareness of the weekly news magazines among the public. This question helps to judge as to how many people are still unaware of the weekly news magazines. 49
  • 51. Awareness of weekly magazines 11% aware unaware 89% SAMPLE SIZE: According to the survey of “THE WEEK” magazine, which is done with the help of 400 people as a sample size of every age group with different qualification, profession and of several salary packages, it is found that- (i) 89% of people interviewed said that YES they know about the weekly news magazines. (ii) 11% of the people interviewed said that NO they don‟t know about weekly magazines. 50
  • 52. Findings Thus, as per the survey results we found that majority of the people are having a basic idea of weekly news magazines. Also through the survey it was found that most of the salaried class people and students are aware of weekly news magazines either they are published in HINDI language or in ENGLISH language. Recommendations After analyzing the answers of the interviews I would like to recommend “Malayala Manorama Co. Ltd.” to make the remaining 11% of the population which includes businessmen as well, aware of the weekly magazines, especially “THE WEEK” magazine and thus to expand its sales. Q.3 Do you read weekly news magazines? If YES, then which one of these? A. THE WEEK B. INDIA TODAY C. OUTLOOK D. OPEN E. Others Implication of the question 51
  • 53. The purpose of this question is to know the percentage of the people who read different weekly news magazines like The Week, India Today, Outlook, Open or others and which magazine is been read most by the readers. Reading habits of people surveyed 2% 3% 17% India Today Outlook The Week 55% Open 23% Others SAMPLE SIZE: Whole surveying on the 400 people of different age groups and qualifications, who have different professions and income, it was found that (i) 74% of the people interviewed read weekly news magazines. (ii) 26% of the people surveyed do not read any weekly news magazine. The percentage of the people who are customers of the different news magazines is likewise- i. INDIA TODAY- 55% ii. OUTLOOK - 23% iii. THE WEEK - 17% 52
  • 54. iv. OPEN - 3% v. Others - 2% Findings Thus analysis of the answers given by the people surveyed, it was found that majority of the people are reading weekly news magazines. Also, the second part of the question shows that majority of the people read India Today; thereafter they read Outlook and then “The Week” magazine. Thus “The Week” magazine is lagging behind the two magazines and has to compete with these two major selling magazines. Recommendations Thus, through the study it can be recommended that the Malayala Manorama Co. Ltd. should concentrate on expanding its share in the weekly news magazines market and try to give the best product to the customers through the best features, it should also go for an extensive promotion program so as to acquire a larger market share. Q.4 Do you know about “The Week” magazine? (i)YES (ii) NO Implication of the question This question has been included in the questionnaire to know as to how many people i.e. what percentage of North Indians are aware of the existence of “The Week” magazine, since it is a major publication in South India and has emerged from the South Indian markets and still a lot of people find themselves unaware of this magazine. 53
  • 55. Knowledge of the existence of The WEEK magazine 35% YES NO 65% SAMPLE SIZE: Through the survey, it was found that- (i) 65% of the people said Yes, that they know about “The Week” ,magazine. (ii) 35% of the people show there unawareness about “The Week” magazine. Findings Thus as per the results of the survey it is found that majority of the people know about “The Week” magazine but still many of them do not have any information about this magazine. Recommendations 54
  • 56. After analysis of the survey it can be recommended that Malayala Manorama Company Limited should go about with advertisements and promotion programs especially in Northern region since many people react as if they have heard the name of the company and the magazine for the first time where as on the other hand India Today and Outlook are quite popular with the people surveyed. Q.5 Would you like (i) to subscribe, or (ii) buy the magazine from a retail store. 55
  • 57. Implication of the question Through this question we aim to know the general mode through which the customers buy the magazine and we can thus know a better way to deliver the magazine. Having the magazine through retail or subscriptions? 38% 62% subscriptions retail SAMPLES Through this question, it was found that _ (i) 62% percent of the customers have the propensity of buying the books through subscriptions. (ii) 38% of the customers like to buy the magazine from a retail store. 56
  • 58. Findings Thus through this study we can find that majority of the customer find it beneficial to get the magazine subscribed rather than buying these from the retail stores. Recommendations Looking at the above analysis, I would suggest Malayala Manorama Company Ltd. to try to expand its business more into subscription and make the good promotional schemes so as to cover majority through the subscription. Q.6 What other gift / discount will be better other than MANORAMA YEAR BOOK for 6 months subscription? (i) SUNGLASSES (ii) T-SHIRT 57
  • 59. (iii) SET OF PENS (iv) DISCOUNT OF 20% (v) MANORAMA YEAR BOOK Implication of the question This question implies you that how many % of the people wants these gifts & discount with the subscription by the company. 5% 15% 20% Sunglasses t-shirt Set of pen discount of 20% 35% Manorama year book 25% SAMPLES Through this question, it was found that _ (i) 15% of peoples want sunglasses. 58
  • 60. (ii) 40% of peoples want t-shirts. (iii) 25% of peoples want set of pens. (iv) 20% of peoples want discount. (v) 5% of peoples want Manorama Year Book Findings Thus through this study we find that more % of people want t-shirt more than any other things. Q.7 “The week” Magazine provide us with information from different fields may be it is politics, art or science, society or fashion etc. do you find these contents sufficient enough to provide you with good information? 59
  • 61. (i)YES (ii)NO Implication of the question This question implies us to know as to what % of the people who read “The week” magazine are satisfied with its level of information and the various contents. Are the contents informative? 33% Yes No 67% SAMPLE SIZE: Through this survey, it was found that: 60
  • 62. (i) 67% of people who read “The Week” magazine was satisfied with its matter content while, (ii) 33% of people are not satisfied with the matter content Findings Through this question it was analyzed that majority of the readers of “The week” magazine were satisfied with the contents of information of this magazine and that they found this information as really useful, investing and sufficient enough to quench their thirst for knowledge while 33% of people still found the magazine unable to provide them with the required information. Recommendations After analyzing this data, I would like to suggest Malayala Manorama Company Limited to get the surveys and research work done at a large scale so as to find out what are the contents or the information in which the magazine is lagging behind and find out the ways to improve. Q.8 Do the contents of “The Week” magazine bear any similarity to the contents of any other magazine? 61
  • 63. (i)Yes (ii) No Implication of the question Through this question, we can deduce as to how much percent of the people find uniqueness in “The Week” magazine and how much percent of the people find similarity in the contents of “The Week Magazine”. Do the contents bear any similarity to other magazines? Yes No 46% 54% SAMPLE SIZE: Analyzing the answers to the above questions, it was found that- 62
  • 64. (i) 46% of the readers of “the week” magazine found that the contents of magazine were some or the other way similar to any other weekly magazine, whereas (ii) 54% of the people found the contents as different from others. Findings After analyzing the answers for the above questions it was found that nearly half of the population still feels that contents of “The Week” magazine have resemblance with any other weekly magazine and thus has still has space for making its own identity well established. Thus it has a lot of room to improve and be the best amongst the weekly magazines. Recommendations Thus, I would like to suggest Malayala Manorama Company Ltd. that it should go for innovating some of the contents of the week magazine which become a completely different and interesting taste for the readers so that they keep their loyalty with the magazine. Q.9 In your opinion, which feature of “The week” magazine attracts you most to read this magazine? (i) Prompt delivery of the news. 63
  • 65. (ii) The column of “COVER STORY” every week. (iii) Column of cinema. (iv) Column of business. Implication The purpose behind asking this questioning is to know which feature of “the week “ magazine is the cause of the inclination towards the week magazine and how can the company improve other features so as to make other features equally good. Feature of 'The Week' magazine that attracts the most. 70% 60% 50% 40% 30% 20% 10% 0% prompt delivery column of cover column of cinema column of of news story every week business SAMPLE SIZE: 64
  • 66. (i) Analyzing the above question, it was found that, 60% of the readers of the week magazine found prompt delivery of the news as the best feature which attracts them to read this magazine. (ii) 20% of the readers found the “COVER STORY” column as the best part. (iii)15% of the readers found the “Business” column as the best part. (iv) 5% of the readers found the “cinema” column as the best part. Findings Through the above analysis it was found that major feature of attraction for all the readers was the prompt delivery of actual news and that is a good sign for the future of this magazine. Recommendations I would suggest the Malayala Manorama Co. Ltd. to keep 100% accuracy in delivering the actual news as well as to make other columns such as the business column or the cinema column more attractive & appealing. Q.10 Which type of subscription of “The Week” magazine would you like to have- 65
  • 67. 1. Short –term (6 months) 2. Long term (1yr/3yr/5yr) Implication of the question The purpose of asking this question is to know of how much percent of the people find short- term subscriptions as beneficial for them and how much percent find long-term subscriptions as beneficial. Type of subscription preffered short term subscriptions long term subscriptions SAMPLE SIZE: 66
  • 68. After going through the answers for the above question it was found that: (i) 77% of the people wanted to have short-term subscriptions. (ii) 33% of the people wanted to have long term subscriptions. Findings After analyzing the answers for the above question it was found that most of the people wanted to have weekly magazines through the short term subscription sale while only 33% of the people wanted to have the magazine through the long term sales. Thus, we can deduce that most of the people either do not have sufficient funds to go for long term subscriptions or they do not have enough loyalty towards the magazine. Recommendations Thus, I would like to suggest the Malayala Manorama Company Ltd. that it should try to develop brand loyalty by providing good news as well as proper delivery of the magazine to the customers and also by catering to the needs of the readers. Q.11 Do you feel that creating awareness among public about weekly news magazines through extensive promotion programs would lead to growth in weekly magazines usage? 67
  • 69. 1) YES 2) NO Implication of the question The purpose of asking this question is to know whether the extensive promotion programs are fruitful or not, and whether the promotion programs lead to an expansion of the business or not. would promotion programs lead to growth in weekly magazines usage? 35% Yes 65% No SAMPLE SIZE: On analyzing the above question it was found that: 68
  • 70. (i) 65% of the people surveyed said yes, the promotion programs would lead to a growth in the usage of weekly news magazines. (ii) While remaining 35%of the people said that they don’t think that these promotional programs are of any use for the growth in the number of readers. Findings of the question Through the analysis of the above question it was found that majority of the people feel that extensive promotion programs are really beneficial to expand the market as well as to develop interest in the people towards weekly news magazines. While some people are still of the view that such programs are useless as far as the expansion of the market of weekly magazines is considered. Recommendations of the question After going through the analysis and findings of this question I would like to suggest the Malayala Manorama Company limited that it should keep on coming up with new promotional programs so as to make the existing readers loyal as well as attract new customers. 69
  • 71. Q.12 Which medium of promotion would you like to suggest to the Malayala Manorama Company Ltd., whose product is the “the week” magazine, so as to be successful? Institutional sales Retail sale Subscription sale Implication of the question The purpose of asking this question is to know as to which medium of sales is most profit earning for the organization or which medium is preferred most by the public for getting the magazine whether it is through subscriptions or through retail or through institutional sales. Medium of promotion best for ' The Week' magazine. 40% 35% 30% 25% 20% 15% 10% 5% 0% subscriptions retail instituitional sale 70
  • 72. SAMPLE SIZE: On analyzing the analysis of the answers for the above question it was found that: (i) 40% of the people preferred to have the magazines through the subscriptions (ii) 38% of the people preferred to have the magazines through the retail sale (iii) 22% of the people preferred to have the magazine through the institutional sales. Findings of the question After analyzing the answers for the above question it was found that almost similar percent of the people that is nearly 40% of the people were in favor of promotion programs through the subscriptions and the same percent in favor of promotion through retail sales while only 20% of the people favored promotion through institutional sales. Thus, it was found that most of the people feel that promotional programs are a better way to bring an increment in the sales of the magazine and thus this method can be considered as most effective way of promoting the sales further. Recommendations of the question After all the analysis I would like to suggest that for the promotion programs the company should go for promotional programs all throughout India and sub-urban areas where it still has to establish itself which would surely help it to grow faster. 71
  • 73. Problems regarding sales promotion The topic i.e. Sales promotion of The Week magazine has been chosen because of two particular reasons. The very first reason as to why this particular topic has been chosen is that I was given the task of getting the subscriptions done for The Week magazine during my summer training. These subscriptions were for a period of 6 months and while undertaking my task I had developed a keen interest of knowing the popularity of this magazine since I did not get many people who were aware of this magazine and of those who were aware were not the readers of this magazine, though Malayala Manorama Company is the largest publication house of India and this magazine is very popular in South India. So in order to find an answer to these questions I went with up the topic. Also as I was to approach people regarding the subscriptions, it became easy for me to move about with the survey. The second reason as to why I chose this topic was that getting the subscriptions done for any magazine was a kind of promotional scheme and since I was to get the subscriptions done I was in a way promoting the sales of this magazine. And so choosing this topic as my summer training project was not a tough job. 72
  • 74. 73
  • 75. Conclusion  Through the survey it was deduced that most of the people are aware of the weekly news magazines, specially the salaried class and the students.  Majority of the people surveyed are reading weekly news magazines and the most preferred magazine is India Today, thereafter people prefer reading Outlook and then comes „The Week‟ magazine, which is at the third position as found through the survey.  Majority of the people have a know-how of “The Week” magazine but still a large percentage of the people are still unaware of the existence of this magazine as well as it‟s belongingness to Malayala Manorama Co. Ltd.  Some of the people found that the contents of The Week magazine as not so informative as are the contents of other magazines like Outlook or India Today.  Majority of the people prefer having a subscription in comparison to retail buying. Also, the subscription periods favored by them are of the short term rather than of long term.  People who prefer The Week magazine choose it because of prompt the delivery of this magazine.  Promotion programs through subscriptions have come out as the best way to expand the sales of The Week magazine whereas retail sales is also more or less desired the same way for expansion of the sales whereas institutional sales is not considered as the best method. 74
  • 76. 75
  • 77. RECOMMENDATIONS  According to the analysis of the survey, I would like to recommend to the Malayala Manorama Co. Ltd. to make people aware of the “The Week” magazine so that at least all the people have a consideration of this magazine whenever they are to buy or subscribe the magazine.  Some of the contents of the week magazine need to be innovated and made more attractive so as to make it a differentiated product in the weekly magazine market.  Malayala Manorama Co. Ltd. should go extensive promotional programs as well as for advertisements through various Medias.  Malayala Manorama Co. Ltd. should try to expand its sale through covering the magazine market through subscriptions especially short term subscriptions.  I would suggest the Company to deliver actual news with 100% accuracy and to make the columns of business and cinema more attractive and appealing.  It should provide good service and properly deliver the copies to the customers and also cater to the needs of the readers.  Malayala Manorama Co. Ltd. should come out with new promotional schemes especially through subscriptions so as to keep existing readers loyal as well as attract new customers  The company should go for extensive promotion programs especially in sub-urban areas so as to maximize its sale since sub-urban areas give the space for a new market wherein most of the competitors are still to find a way. 76
  • 78. 77
  • 79. QUESTIONNAIRE NAME: ................................................ Q.1)AGE? QUALIFICATION ? PROFESSION? MONTHLY INCOME? 15-25 UNDER GRADUATE STUDENT <25000 25-40 GRADUATE BUSINESS <50000 40-50 POST GRADUATE SALRIED <75000 50-60 OTHERS OTHERS <75000 Q.2) Do you know about “Weekly News Magazines”? (i)YES (ii) NO Q.3) Do you read weekly news magazines? If YES, then which one of these? F. THE WEEK G. INDIA TODAY H. OUTLOOK I. OPEN J. Others Q.4) Do you know about “The Week” magazine? (i)YES (ii) NO Q.5) “The Week” magazine belong to Malayala Manorama Company limited, the largest publication house of India. Do you know that? (i)YES (ii) NO 78
  • 80. Q.6) “The week” Magazine provide us with information from different fields may be it is politics, art or science, society or fashion etc. do you find these contents sufficient enough to provide you with good information? (i)YES (ii) NO Q 7) Do the contents of “The Week” magazine bear any similarity to the contents of any other magazine? (i)Yes (ii) No Q.8) Would you like (i) to subscribe, or (ii) buy the magazine from a retail store. Q 9) In your opinion, which feature of “The week” magazine attracts you most to read this magazine? (i) Prompt delivery of the news. (ii) The column of “COVER STORY” every week. (iii) Column of cinema. (iv) Column of business. Q 10) Which type of subscription of “The Week” magazine would you like to have- Short –term (6 months) Long term (1yr/3yr/5yr) Q.11) Do you feel that creating awareness among public about weekly news magazines through extensive promotion programs would lead to growth in weekly magazines usage? (i)Yes (ii) No Q.12 Which medium of promotion would you like to suggest to the Malayala Manorama Company Ltd., whose product is the “the week” magazine, so as to be successful? Institutional sales 79
  • 81. Retail sale Subscription sale 80
  • 82. Bibliography http://weekly.manoramaonline.com/ http://en.wikipedia.org/wiki/Malayala_Manorama http://freelance.afaqs.com/perl/news/interviews/index.html?id=275 http://www.emagazinecatalog.com/india-emagazines.php http://www.linkroll.com/Children-Education-Reference-and-Education--185086- magazine-listmens-magazinemagazinesubscriptionindian-magazine.html http://www.the-week.com/ http://digg.com/television/The_Week_magazine_Ad_Malayala_Manorama_group http://en.wikipedia.org/wiki/Malayala_Manorama http://www.aboutus.org/The-Week.com 81
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