cs on nokia wgl
TRANSCRIPT
-
7/30/2019 CS on nokia wgl
1/67
1
CHAPTERI
INTRODUCTION
-
7/30/2019 CS on nokia wgl
2/67
2
CUSTOMER SATISFACTION
Marketing is the art of creating, satisfying customers by meeting the needs of
customers and by creating value satisfaction for them. As Peter Drucker says the
essence of marketing is that the entire business has to be seen from the point given of
the customer. However, customers face a vast array of product and brand choices
prices, supplies and to understand the needs and preferences of the customers it
becomes imperative for us to carry out research together information.
We believe that customers estimate which offer will deliver the most value to
them and which will deliver and maximize value, within the bounds of research costs
and limited knowledge, mobility, and income they form an expectation of value and
act on it. Whether or not the offer lives up to the value expectation affects both
purchase and repurchase probability.
The purpose of any Marketing research is to provide information at a specific
time on customer, trade, competition and the future brands, so as to enable marketers
to formulate successful strategies in their quest for customers mind share and market
share.
The research helps the marketers to find out the attributes and variable that
influence the customers behavior towards a given product offering and it shapes the
attitudes of the customers favorably towards a specific product, thus by analyzing
these undertones the researcher can find out the levels of customer satisfaction, and
the results of the marketing research can help the marketers to analyze the weak spots
in their marketing strategies and can reformulate their strategies so that they can
satisfy their customers and maximize their brand loyalty and profitability.
-
7/30/2019 CS on nokia wgl
3/67
3
NEED AND IMPORTANCE OF THE STUDY
From the days of industrial revolution when goods & services were produced
to the present day, the emphasis has shifted from the producers to the customer and
his needs, and with the customer becoming more involved, in the marketing process
there is greater need for information regarding the customer needs. Preferences and
making them satisfied of the products & services, has led to a constant but increasing
need to conduct marketing research.
This research is an insight into the mind of the customer, with the help of
which the organizations will become aware of their pitfalls and in turn can also make
improvements in the product regarding the level of satisfaction of the customers
towards their offerings in the market place.
The Telecom industry is highly competitive in nature and due to rapid
advancements in the field of technology. Land line phones have become redundant
and the shift is clearly towards cellular services. As such there has been a greater need
to conduct market research studies. Since no risks can be entertained with regard to
the satisfaction of the people. Hence the need to constantly monitor the changing
preferences, attitudes of the customers becomes that much more necessary.
The basic need of this project is to know the Satisfaction amongst the
respondents, with regard to Nokia services and its products.
-
7/30/2019 CS on nokia wgl
4/67
4
OBJECTIVES OF THE STUDY
The study of customer attitudes would provide the company with necessary
insights to develop the product, its pricing strategy, and to design persuasive
promotional strategy. It would also support the organization to analyze its drawbacks
in its various strategies and to take corrective action to remain as market leaders.
The ultimate goal of every manufacturer is to get his sales enhanced and
sees it that the retailer and customer are fully satisfied. The success of every
manufacturer depends on his ability to spread his product for the widened market to
make products accessible to retailers to spread the product in the market.
To study the attitude and satisfaction among the customers for Nokia mobile
To study and analyze various factors influence the customers to purchase theNokia mobile.
To study the respondents opinion regarding Nokia mobile.
To identify the customer satisfaction towards Nokia product. To identify how customer know about Nokia products. To know the persons feeling towards the product. To prepare strategies for the business development of Nokia product over the
competitors.
To analyze the complaints and suggestions given by the customers.
-
7/30/2019 CS on nokia wgl
5/67
5
SCOPE OF THE STUDY:
The study attempts to identify the reach of Nokia mobile. Which would helpthe company in formulating the suitable strategies. The study also identifies
the attitudes and preferences of the consumers. The study also focused on
media through which the product reaches the consumers. The scope of project
work is to get the opinions from respondents on the issues mentioned earlier.
The scope of the study is limited. The study is a very minor contribution tothe company as it is only restricted to the twin cities (Warangal &
Hanmakonda). The study would only be a drop in the ocean, Can help the
distribution in twin cities.
RESEARCH OBJECTIVES
1) To study the Customer Satisfaction amongst the users of Nokiaproducts.
2) To study the satisfaction levels of Nokia mobile customers & Nokiafixed wireless customers.
3) To study the Satisfaction level of Nokia customers with regard to otherproducts and services offered by Nokia.
4) To make suggestions for improvement of their products & their servicesfrom the customers point of view based on this research to fulfill
customers needs.
5) To know the customers feed back towards the redressal of grievances byNokia.
6) To ascertain the role of media in promoting and creating awarenesstowards the diversified portfolio of Nokia products.
7) To find out the quality of service in terms of transmission coverage, clarityin the reception and connectivity of the various services that are being
offered by Nokia.
-
7/30/2019 CS on nokia wgl
6/67
6
RESEARCH METHODOLOGY
Research in common pursuance refers to a search for knowledge in a scientific
and systematic way for pursuant information on a specified topic.
Once the objective is identified that next step is to collect the data which is
relevance to the problem identified and analyze the collected data in order to find out
the hidden reasons for the problem. There are two types of data namely.
1. Primary Data2. Secondary Data
1. PRIMARY DATA
Primary data is to be collected by the concerned project researcher with
relevance to his problem. So the primary data is original in nature and is collected first
hand.
Collection of primary data
There are several methods of collecting primary data particularly in surveys
and descriptive researches. Important ones are as follows:
1. Observation Method2. Interview Method3. Questionnaire4. Schedule
1) OBSERVATION METHOD:
It is the most commonly used methods especially in studies relating to
behavioral sciences. This method implies the collection of information by way of
investigators own observation, without interviewing the respondents. The information
obtained relates to what is currently happening and is not complicated by either the
past behavior or future intentions or attitudes of respondents.
-
7/30/2019 CS on nokia wgl
7/67
7
2) INTERVIEW METHOD
The interview method of collecting data involves presentation of oral, verbal
stimuli and reply in terms of oral-verbal responses. This method can be used through
personal interview and, if possible, through telephone interview.
Personal Interview
The method of collecting information through personal interview is usually
carried out in a structured way. As such we call these interviews as structured
interviews. Such interviews involve the use of a set of predetermined questions and of
highly standardized techniques of recording. Thus, the interviewer in a structured
interview follows a rigid procedure laid down, asking questions in a given format and
the order prescribed. As against it, the unstructured interviews are characterized by
flexibility of approach to questioning. Unstructured interviews do not follow a system
of pre-determined questions and standardized techniques of recording information.
3) QUESTIONNAIRE
The researcher and the respondents do come in contact with each other if this
method of survey is adopted. Questionnaires are mailed to the respondents with a
request to return after completing the same. It is the most extensively used method in
various economic and business surveys & research. Questionnaire to be used must be
prepared very carefully so that it may prove to be effective in collecting the relevant
information.
Structured Questionnaire
Using structured questionnaire method, which contains close-ended questions,
collected the primary data with respect the problem chosen. The questions have some
options, from which the respondents have to choose a choice. As the answers lie
within a specified range they are called close-ended questions.
Open-ended questions are those questions where no choices are given to
respondents and respondents are free to express their choice or answer.
-
7/30/2019 CS on nokia wgl
8/67
8
The following sampling method was used.
Sampling:
Making a census of the entire universe will be out of the question in manymarketing research project on account of limitation of time and money. Hence,
sampling becomes inevitable.
Sample size:
The sample was taken from the universe on random sampling basis in
Hanamkonda. The sample size designed for this project is 50 keeping in mind the
paucity of time and also the customer base of the organization in the research area.
Research Methodology
A structured questionnaire was prepared and presented to the respondents and
related questions were asked. Questionnaires mainly contained close-ended questions
and a few open ended questions, to identify the reasons for customers satisfaction &
their dissatisfaction.
Secondary data
It is the data already existing, which has gone through some standard analysis.
Under the secondary data, the companys annual reports, broachers, pamphlets,
newspapers, journals and internet were taken into consideration.
LIMITATIONS OF THE STUDY:
The study is limited to Warangal & Hanmakonda city limits only. Thereforethe same cannot be applicable to other places.
The sample size taken is only 50 and as such is very small as compared to theuniverse, this is due to the constraints of time and effort, and as such may not
be enough to generalize to the entire population, however it is presumed that
the sample represents the universe.
-
7/30/2019 CS on nokia wgl
9/67
9
Some respondents were unable to crystallize their answers to some Questionsin the questionnaire.
Respondents might have responded with the actual feelings of facts whilegiving responses to the questionnaire.
The customers attitude may change in future due to change in their standardof living.
No secondary data was used for the analysis and interpretation of the data Time being a limiting factor was not sufficient to gather opinions from
majority of the respondents, who form part of the universal sample.
Since this study concentrated on customer satisfaction towards Nokia noattempt was made to study other activities of the organization. Such as
finance, human resource management etc.,
-
7/30/2019 CS on nokia wgl
10/67
10
CHAPTER-II
INDUSTRY
&
COMPANY PROFILE
-
7/30/2019 CS on nokia wgl
11/67
11
INDUSTRY PROFILE
In the present day, the information technologies have been successful in
building a super highway for communications. Communication technologies are
found contributing substantially to the developmental process. In the communication
services, we find that telecommunications are playing a significant role, in various
processes and in the overall development of the economy.
We cant negate the fact that after the attainment of independence and to be
more specific during 1980s and 1990s. The telecommunication services have made
rapid strides both in quality and quantity. However, the users at large are founddissatisfied with the quality of services made available to them.
The major problem area for telecommunication service providers is to meet
the expectation of the customers with regard to quality of service and value added
services along with competitive pricing. So to satisfy the customer and to retain
customer loyalty in the fast growing telecom sector it becomes pestiuent to study the
various factors that have a bearing on the customer satisfaction towards the
organization & to find ways to improve the level of customer satisfaction amongst the
users of these services.
As customers, each one of us has a vast number of attitudes towards products,
towards services, towards advertisements, towards retailers. Whenever we are asked
whether we like or dislike a product, service, we are being asked to express our
attitudes and when we like a product or service we express our attitudes and when we
like a product or service we express it in items of our satisfaction, and satisfied
customers leads to more customers by way of publicity. The first experimental
electric telegraph line was started between Calcutta and Diamond Harbour in
November, 1850.
-
7/30/2019 CS on nokia wgl
12/67
12
The visionary behind this landmark was Dr. William O Shaughnessay
credited to pioneer telegraph and telephone in India. The successful working of this
experimental lime led to the construction of 4000 miles of telegraph line connecting
Calcutta and Peshawar in the north via Agra and Mumbai through Sindhwa Ghats,
Mumbai and Chennai in the south as well as Ooctacamund and Bangalore. A regular
Telegraph Department was set up in 1854 when the Telegraph Act was enacted and
telegraph facilities were thrown open to public traffic.
Dr. O Shaughnessys continual innovative perusals propelled him to the
coveted post of the first Director General. The significant leap, which really set the
telecom ball rolling, was the establishment of Indo-Ceylon link. The Indo-Ceylon
cable was laid in 1858, in 1865 the first Indo-European telegraph communication was
effected in 1873 Duplex telegraphy was introduced between Bombay and Calcutta. In
1875, ITD supplied the first private telephone line and two ears later it erected
telegraph line between Srinagar and Gilgit on behalf of Maharaja of Kashmir.
In the historical archives, the year 1888 has vital importance. It was in this
year that the Indo-European Telegraph Department was merged with Indian
Telegraph Department. In 1895, phonograms were introduced for the first time at
Bombay and Calcutta and in 1902 the first wireless Telegraph Stations was
established between Saugor Islands and Sand heads and a year, the Department
Wireless Telegraph was introduced.
The tradition of milestone years was now gaining momentum. 1905 can be
termed as the cornerstone of todays telecom profile. It was in this year that the
control of the Telegraph Department was transferred from PWD to Commerce &
Industry Department.
In 1907, women signalers were employed for the first time. In 1914 the Postal and
Telegraph Departments were amalgamated under a single Director General. At the
same the control of the P & T Department was reverted top PWD. The year also
witnessed the opening of the first automatic exchange at Simla with a capacity of 700
lines and 400 actual connections.
-
7/30/2019 CS on nokia wgl
13/67
13
A major reorganization of the department took place when the accounts of the
Indian Posts and Telegraphs were reconstituted to examine the true fiscal profile of
the Department the attempt was to find out the extent to which the department was
imposing a burden on the taxpayers and bringing in revenue to the Exchequer and
how far each of the four constituent branches, namely postal, telephone and wireless,
were contributing.
Radio Telephone Communications between England and India were opened in
1933: Indo-Burma Radio Telephone Service started functioning between Madras and
Rangoon in 1936.Deluxe Telegrams with foreign countries were introduced in 1937;
Bombay New York wireless telegraph service was commissioned in 1914; Hindi
telegram in Devnagari script was introduced and won your telephone scheme was
inaugurated in 1949.
The year 1950 saw the Indian telegraph and Radio/Wireless telephone service
span its wings across frontiers. Own your telephone exchange scheme began to
operate in 1950. The first coaxial route between Delhi and Agra and the first
Subscriber Trunk Dialing (STD) route between Kanpur and Lucknow were
commissioned.
In the 1950 and 60s while the Beatles wave was sweeping the world. The
Indian telecom think tank was busy in introducing the microwave culture long before
the Indian housewife ever heard about it. In the 1960s the first microwave route
between Calcutta and Asansol was opened.The 1970s witnessed the installation of
SPC Gateway Telex Exchange and introduction of International Subscriber Dialed
Telex Service and commissioning of the first Optic Fiber System for local junction in
Pune.
The 1980s completely established Indian Telecom as the frontrunner. In one
giant leap, the universe shrinked the first satellite earth station for domestic
communications was set up at Secunderabad.The 1990s saw the revolution in the
Indian telecom sector with the launch of cellular services, the government gave
various incentives to the service providers to improve the connectivity on one hand
and also lower the prices in the NCD & ICD sector. This period saw the emergence of
-
7/30/2019 CS on nokia wgl
14/67
14
contrasting technology plat forms namely GSM and CDMA technologies. It also saw
the advent of the internet and broad band services in our country. As the time of the
century India. Stood at the gateways of telecom revolution.
The start of the 21st century saw the explosion of telecom services and
Indian market started to show remarkable growth rates with respect to addition of new
subscribers. This period also saw the consolidation of the various services providers at
regional level and by 2006 there appeared 4 major cellular providers in the GSM
space namely.
1) AIRTEL2) BSNL- CELLONE3) Vodafone4) IDEA along with a few fringe players.
On the CDMA front the consolidation saw the emergence of two rivals namely
Tata-Indicom and Reliance Infocomm.
-
7/30/2019 CS on nokia wgl
15/67
15
COMPANY PROFILE
History of NOKIA:
The roots of Nokia go back to the year 1865 with the establishment of a forest
industry enterprise in South-Western Finland by mining engineer Fredrik Idestam,
Elsewhere, the year 1898 witnessed the foundation of Finnish Rubber Works Ltd, and
in 1912 Finnish Cable Works began operations. Gradually, the ownership of these two
companies and Nokia began to shift into hands of just a few owners. Finally in 1967
the three companies were merged to form Nokia Corporation.
At the beginning of the 1980s, Nokia strengthened its position in the
telecommunications and customer electronics markets through the acquisitions of
Mobira, Salora, Televa and Luxor of Sweden. In 1987, Nokia acquired the customer
electronics operations and part of the component business of the German Standard
Elektrik Lorenz, as well as the French customer electronic company Oceanic. In 1987,
Nokia also purchased the Swiss cable machinery company Maillefer.
In the late 1980s, Nokia became the largest Scandinavian information
technology company through the acquisition of Ericssons data systems division. In
1989, Nokia conducted a significant expansion of its cable industry into Continental
Europe by acquiring the Dutch cable company NKF. Since the beginning of the
1990s, Nokia has concentrated on its core business, telecommunications, by
divesting its information technology and basic industry operations.
From its inception, Nokia was in the communications business as amanufacturer of paper - the original communications medium. Then came technology
with the founding of the Finnish Rubber Works at the turn of the 20 th Century.
Rubbers, and associated chemicals, were leading edge technologies at the
time. Another major technological change was the expansion of electricity into homes
and factories which led to the establishment of the Finnish Cable Works in 1912 and,
quite naturally, to the manufacture of cables for the telegraph industry and to support
that new-fangled device - the telephone! After operating for 50 years, an Electronics
-
7/30/2019 CS on nokia wgl
16/67
16
Department was set up at the Cable Works in 1960 and this paved the way for a new
era in telecommunications. Nokia Corporation was formed in 1967 by the merger of
Nokia Company - the original paper-making business - with the Finnish Rubber
Works and Finish Cable Works.
Design has always been important at Nokia and todays mobile phones are
regarded as a benchmark for others to follow. Take, for example, multi-colored, clip-
on fascias which turned mobiles into a fashion item overnight. But Nokia has always
thought like that and back in the fashion-conscious 1960's when one branch of the
corporation was a major rubber manufacturer, it hit on the idea of making brightly-
colored rubber boots at a time when boots followed the Henry Ford principle - you
could have any color, so long as it was black! The '60s, however, were more
important as the start of Nokia's entry into the Telecommunications market. A radio
telephone was developed in 1963 followed, in 1965, by data modems - long before
such items were even heard of by the general public.
In the 1980's, everyone looked to micro computers as the next 'big thing' and
Nokia was no exception as a major producer of computers monitors and TV sets. In
those days, the prospect of High Definition TV, satellite connections and teletext
services fuelled the imagination of the fashion conscious homeowner.
In the background, however, changes were afoot. The world's first international
cellular mobile telephone network, NMT, was introduced in Scandinavia in 1981 and
Nokia made the first car phones for it. True enough, there were 'transportable' mobile
phones at the start of the '80's but they were heavy and huge. Nokia produced the
original hand portable in 87 and phones have continued to shrink in inverse
proportion to the growth of the market ever since.
It took a technological breakthrough and changes in the political climate to
create the wire-free world people are increasingly demanding today. The technology
was the digital standard, GSM, which could carry data in addition to high quality
voice. In 1987, the political goal was set to adopt GSM throughout Europe on July 1st
1991. Finland met the deadline, thanks to Nokia and the operators. Politics and
technology have continued to shape the industry. The '80s and '90s saw widespread
deregulation, which stimulated competition and customer expectations. Nokia
-
7/30/2019 CS on nokia wgl
17/67
17
changed too and in 1992 Jorma Ollila, then President of Nokia Mobile Phones, was
appointed to head the entire Nokia Group. The corporation divested the non-core
operations and focused on telecommunications in the Digital Age. Few people in the
early '90s would have thought that 'going digital' would change things so much.
Nokia is harnessing its experience in mobility and networks to generate a
startling vision of the future. Meeting rooms, offices and homes will be 'smart' enough
to recognize their human visitors and give them whatever they want by listening to
their requests. Nokia welcomes change and improvement and can embrace new ideas
at great speed. Such characteristics will never change but, as to the rest, the story has
only just begun!
Nokia-Connecting People: this slogan is known all over the world. Nokia
employs 50, 000 people in 120 countries. Currently every third mobile phone sold in
the world is a Nokia. The Nokia Company is today one of the worlds leading high
tech companies. Its rapidly growth in the 1990s coincided with a basal structural
change of the Finnish economy and industry. In this restructuring process Nokia
played an important role. Despite the fact that Nokia is a leading multinational
company, a major part of its business is located in Finland. Nokia plays a significantly
role in the economic growth of Finland, which has been one of the fastest in whole
Europe.
But the roots of the Nokia Company go back to the 19th century when in 1865
a forest industry enterprise in the small town Nokia in South Western Finland was
established by mining engineer Fredrik Idestam. At the turn of the 20th century
technology came with the founding of the Finnish Rubber Works in 1898 and the
expansion of electricity into the homes and factories which led to the establishment of
the Finnish Cable Works in 1912. With this development the manufacture of cables
for the telegraph industry followed and supported so the new-fangled device, the
telephone. The three companies (Paper, Rubber and Cables) were merged to the
Nokia Corporation in 1967.
Since the 1990s the Nokia Company focuses especially the telecommunication
industry. The following essay deals with a detailed overview of the history of the
Finnish Nokia company. But besides this, it is also mentioned the importance of this
-
7/30/2019 CS on nokia wgl
18/67
18
company for the Finnish economy. At the end of the essay I will give an overview of
the future challenges for the Nokia Company and its surroundings. At first I start with
the development of the Nokia Company; from its roots as a forest industry to a
worlds leading telecommunication enterprise.
Mission and Vision
Vision
"Our customers continue to our First Priority"
Nokia's future success depends on delivering great experiences to our customers by
creating products and solutions that work seamlessly and are appealing.
Mission
"In a world where everyone can be connected, we take very human approach to
technology"
Connecting is about helping people to feel close to what matters. Wherever,
whenever, Nokia believes in communicating, sharing, and in the awesome potential in
connecting the 2 billion who do with the 4 billion who don't. If we focus on people,
and use technology to help people feel close to what matters, then growth will follow.
In a world where everyone can be connected, Nokia takes a very human approach to
technology.
Board of Directors
The Board decides on matters that, in relation to the Group's activities, aresignificant in nature. Such matters include confirmation of the strategic guidelines,
approval of the periodic plans and decisions on major investments and divestments.
The Board appoints the CEO, who also acts as President, the Chairman and
the members of Nokia's Group Executive Board. The Board also confirms the
remuneration of the CEO. The roles and responsibilities of the Board and its committees
are defined in the Corporate Governance Guidelines and the committee charters. The Board's
committees consist of the Audit Committee, the Personnel Committee and the Corporate
-
7/30/2019 CS on nokia wgl
19/67
19
Governance and Nomination Committee. The Board regularly reviews these guidelines and
charters in order to ensure that they appropriately comply with what the Board believes to be
best practices of corporate governance. The Board and each of its committees conduct annual
performance self-evaluations. Compensation plans be approved by a company's shareholders.
Chairman
Jorma Ollila
Vice Chairman
Dame Marjorie Scardino
Georg EhrnroothLalita D. GupteDr. Bengt HolmstrmDr. Henning KagermannOlli-Pekka KallasvuoPer KarlssonRisto SiilasmaaKeijo Suila
The Responsibilities of the Board of Directors
The Board represents and is accountable to the shareholders of the company. The
Board's responsibilities are active, not passive, and include the responsibility regularly
to evaluate The strategic direction of the company, management policies and the
effectiveness with
which management implements them. The Board's responsibilities also include
overseeing the structure and composition of the company's top management and
monitoring legal compliance and the management of risks related to the company's
operations. In doing so, the Board may set annual ranges and/or individual limits for
capital expenditures, investments and divestitures and financial commitments not to
be exceeded without Board approval.
http://www.nokia.com/link?cid=EDITORIAL_946539http://www.nokia.com/link?cid=EDITORIAL_4214http://www.nokia.com/link?cid=EDITORIAL_4214http://www.nokia.com/link?cid=EDITORIAL_4202http://www.nokia.com/link?cid=EDITORIAL_4202http://www.nokia.com/link?cid=EDITORIAL_191003http://www.nokia.com/link?cid=EDITORIAL_191003http://www.nokia.com/link?cid=EDITORIAL_4204http://www.nokia.com/link?cid=EDITORIAL_4204http://www.nokia.com/link?cid=EDITORIAL_191004http://www.nokia.com/link?cid=EDITORIAL_191004http://www.nokia.com/link?cid=PLAIN_TEXT_969110http://www.nokia.com/link?cid=PLAIN_TEXT_969110http://www.nokia.com/link?cid=EDITORIAL_4206http://www.nokia.com/link?cid=EDITORIAL_4206http://www.nokia.com/A41041132http://www.nokia.com/A41041132http://www.nokia.com/link?cid=EDITORIAL_4216http://www.nokia.com/link?cid=EDITORIAL_4216http://www.nokia.com/link?cid=EDITORIAL_4216http://www.nokia.com/A41041132http://www.nokia.com/link?cid=EDITORIAL_4206http://www.nokia.com/link?cid=PLAIN_TEXT_969110http://www.nokia.com/link?cid=EDITORIAL_191004http://www.nokia.com/link?cid=EDITORIAL_4204http://www.nokia.com/link?cid=EDITORIAL_191003http://www.nokia.com/link?cid=EDITORIAL_4202http://www.nokia.com/link?cid=EDITORIAL_4214http://www.nokia.com/link?cid=EDITORIAL_946539 -
7/30/2019 CS on nokia wgl
20/67
20
Group Executive Board
Nokia's articles of association provide for a Group Executive Board, which is
responsible for managing the operations of Nokia. The Chairman and the members of
the Group Executive Board are appointed by the Board of Directors. Only theChairman of the Group Executive Board can be a member of both the Board of
Directors and the Group Executive Board.
Group Executive Board Compensation Insiders' Ownership Company Codes
Annual General Meeting
The shareholders of Nokia use their decision-making power in Nokia's general
meetings. The Annual General Meeting is usually held in each March, April or May.
Annual General Meeting
Auditor
The independent auditor is elected annually by Nokias shareholders at the Annual
General Meeting. PricewaterhouseCoopers Oy was re-elected as Nokias independent
auditor for the fiscal year 2007 at the Annual General Meeting on May 3, 2007.
Corporate Governance Practices
Nokia follows rules and recommendations of the Helsinki, New York,
Stockholm and Frankfurt stock exchanges, where applicable.
Nokia's corporate governance practices comply with the Corporate
Governance Recommendation for Listed Companies approved by the Helsinki Stock
Exchange in December 2003, effective as of July 1, 2004.
Nokia has an internal audit function that acts as an independent appraisal
function by examining and evaluating the adequacy and effectiveness of the
companys system of internal control. Internal audit resides administratively within
the CFOs organization and reports to the Audit Committee of the Board of Directors.
http://www.nokia.com/link?cid=EDITORIAL_4243http://www.nokia.com/link?cid=EDITORIAL_4591http://www.nokia.com/A4126363http://www.nokia.com/link?cid=EDITORIAL_4197http://www.nokia.com/agmhttp://www.nokia.com/agmhttp://www.nokia.com/link?cid=EDITORIAL_4197http://www.nokia.com/A4126363http://www.nokia.com/link?cid=EDITORIAL_4591http://www.nokia.com/link?cid=EDITORIAL_4243 -
7/30/2019 CS on nokia wgl
21/67
21
The head of internal audit function has at all times direct access to the Audit
Committee, without involvement of the managementUnder the New York Stock
Exchange's corporate governance listing standards, listed foreign private issuers, like
Nokia, must disclose any significant ways in which their corporate governance
practices differ from those followed by US domestic companies under the NYSE
listing standards.
There are no significant differences in the corporate governance practices
followed by Nokia as compared to those followed by US domestic companies under
the NYSE listing standards, except that Nokia follows the requirements of Finnish
law with respect to the approval of equity compensation plans. Under Finnish law,
stock option plans require shareholder approval at the time of their launch. All other
plans that include the delivery of company stock in the form of newly issued shares or
treasury shares require shareholder approval at the time of the delivery of the shares
or, if shareholder approval is granted through an authorization to the Board of
Directors, no more than a maximum of five years earlier. The NYSE listing standards
require that equity
Nokia Product Design:
Nokia is a great brand because it knows that the essence of the brand needs to
be reflected in everything the company does, especially those that impact the
customer. Product design is clearly critical to the success of the brand, but how does
Nokia manage to inject personality into product design? The answer is that it gives a
great deal of thought to how the user of its phones will experience the brand, and how
it can make that experience reflect its brand character. The large display screen, for
example, is the Face of the phone. Nokia designers describe it as the eye into the
soul of the product. The shape of phones is curvy and easy to hold. The faceplates
and their different colors can be changed to fit the personality, lifestyle, and mood of
the user. The soft key touch pads also add to the feeling of friendliness, expressing the
brand personality. Product design focuses on the customer and his needs, and is
summed up in the slogan, human technology.
-
7/30/2019 CS on nokia wgl
22/67
22
Segmentation Strategy
Nokia Market Demographic
The profile for Nokia customer consists of the following geographic and
demographic:
Geographic
Our immediate geographic target is rural India. The total targeted population is estimated at 100 million.
Demographic
Male and female. Ages 25-50, this is the segment that makes up 80% of the Nokia mobile phone
market according to the NOKIA India Ltd.
Professionals and College studentsMarketing Objective:
Capture rural Indian Market Target students & working professionals Attract Customers to New technology Enhance Distribution Maximize our revenues Maintain Customers Loyalty
Easy access to Customer Support
Offering customer care is an essential part of an ease-of-use service
experience. The working customer care concept creates stickiness between the end-
user and the service provider. Customer support can be offered via a call center, by
providing automated self-service or through in-store support. The challenge is to
choose the customer support combination that best matches the specific service
proposition. For call centers, ease-of-use Manifests in quick response, least number of
-
7/30/2019 CS on nokia wgl
23/67
23
call transfers, transparent tariffs and knowledgeable personnel. The better the
alighment in business processes, supporting infrastructure and related call center
processes, the better the capabilities for delivering superior call center service.
Another contact point for users is often provided via a branded Internet portal.
An internet portal is an attractive option because it supports end-users 24/7 and is
cost-effective for the service provider. Users can access the portal to manage and
modify their own account. Connection stability and logical navigation with a minimal
number of clicks determines the ease-of-users is in-store support. This support is
difficult to organize and manage for quality as it is often outside of service providers
own business realm. Endusers often perceive in-store support as inadequate and not
fulfilling their needs. Many end-users complain about the service they have been
given while visiting an outlet.
Strategy
"Wherever, whenever, we believe in communicating, sharing and in the
awesome potential of connecting the 2 billion who do, with the 4 billon who don't" At
Nokia, customers remain our top priority. Customer focus and customer
understanding must always drive our day-to-day business behavior. Nokia's priority is
to be the most preferred partner to operators, retailers and enterprises. Nokia will
continue to be a growth company, and we will expand to new markets and businesses.
World leading productivity is critical for our future success. Our brand goal is for
Nokia to become the brand most loved by our customers.
In line with these priorities, Nokia's business portfolio strategy focuses on five
areas, with each having long-term objectives:
Create winning devices Embrace customer Internet service Deliver enterprise solutions Build scale in networks Expand professional services
-
7/30/2019 CS on nokia wgl
24/67
24
Mobile Phone Market in India
Nokia market share in India fell from 56.2% share in 2008 to 54.1% in 2009. Local players have grabbed 17.5% market share [from 0.9%, a year back] Only 5 local manufacturers in 2008 and the number stand at 28 now! Samsungs share rose marginally to 9.7% from 9.5%
Nothing much has changed in 2010 and here are the latest figures (comparison
between 08-09 and 09-10, from Voice&Data)
Nokia market share dipped from 64% in 08-09 to 52.2% in 09-10. Samsung gained the market share10% to 17.4% in 09-10. LGs market share increased marginally from 4.5% to 5.9%. Losers include Sony Ericsson (market share fell from 6% to 3%), Motorola
(3.5% to 1%), ZTE (5.6% to 1.9%).
Micromax has been one of the major winners, from nothing to 4.1% [drive byhuge advertising during IPL].
Karbonns market share too increased to 3%
As per Industry estimates, 108 million mobile phones were sold in the country in
2009-10, resulting in sales of Rs 27,000 crore as against Rs 25,910 crore during the
previous year.
Nokias revenue too fell from Rs16,567 crore to Rs14,100 crore and the company is
now betting big on services like messaging, life tools and digital music.
Nokia of course leads the pack, but the surprise comes from Samsung.
Samsung has overtaken Motorola in Indias handset market (for the third place), as
per the latest ORG figures.
-
7/30/2019 CS on nokia wgl
25/67
25
Handset Market Share:
Nokia: 59.5% Sony: 8.1% Samsung: 7% Motorola: 5.9%
Nokias success is mainly attributed to distribution deals they inked of the estimated
79,000 retail outlets in India selling mobile phones, Nokia had a presence in 72,000 of
themAt the same time, Nokias market share has gone down in the past few months,
as the other handset vendors are building up a strong retail presence across the
country.
Nokia underperforms market growth in Q2
Nokia reported second-quarter results in line with its reduced targets, with revenues
up 1 percent from a year ago to EUR 10.0 billion and EPS falling 40 percent to EUR
0.06. The Devices & Services division posted sales up 3 percent to EUR 6.8 billion, in
line with the outlook issued in June for a result at the low end of the earlier guided
range of EUR 6.7-7.2
billion. The handset division's adjusted operating margin fell to 9.5 percent
from 12.2 percent a year ago, and operating profit including exceptional items
tumbled 16 percent to EUR 643 million. Nokia said the adjusted operating margin for
the full year is now estimated at 10-11 percent, after the profit warning in June called
for a margin at the low end or below the earlier range of 11-13 percent. Nokia said the
upside is the market continues to show healthy growth, especially in less-mature
markets where the company is strong.
The Finnish group shipped 111.1 million phones in the quarter, up 8 percent
from a year ago and up 3 percent from Q1. That was below the estimated market
growth of 14 percent year-on-year and 5 percent sequentially. With the market
shipping an estimated 338 million phones in the quarter, Nokia's market share was at
33 percent, in line with Q1. Smartphone market share was also stable, at 41 percent,
with Nokia shipments up 42 percent year-on-year and 12 percent from Q1 at 24.0
-
7/30/2019 CS on nokia wgl
26/67
26
million. Despite the gowth in high-end devices, Nokia's average selling price fell to
EUR 61 from EUR 64 a year ago and EUR 62 in Q1, due to price pressure and a
higher proportion of lower-priced smartphones. The smartphone ASP fell 21 percent
from a year ago to EUR 143. Nokia maintained its outlook for market volumes to
grow around 10 percent this year, while its own market share should be unchanged in
volume terms and slightly lower in value terms. The company forecast Q3 sales at the
Devices & Services division of EUR 6.7-7.2 billion., and an adjusted operating
margin of 7-10 percent. The group confirmed that the N8 will start shipping at the end
of Q3, to be followed shortly by additional Symbian^3 devices.
The company downgraded its outlook for Nokia Siemens Networks, saying it
now expects the network equipment company to maintain its market share in 2010
rather than outpace the market. The market outlook was maintained at flat in euro
terms. NSN recorded Q2 sales of EUR 3.0 billion, down 5 percent from a year ago,
while the operating loss showed little improvement at EUR 179 million versus EUR
188 million last year. The company blamed the results on delays in orders in India due
to the new security regulations there as well as component shortages; both of these
situations are expected to improve in Q3. NSN's adjusted operating margin is still
forecast at 2 percent for 2010, versus 1.7 in Q2. Sales for Q3 were forecast at EUR
2.7-3.1 billion, with the margin ranging from a negative 2 percent to a positive 2
percent.At Navteq, sales were up 71 percent from a year earlier to EUR 252 million,
benefiting from improved conditions in the automotive industry and growth in mobile
device sales. The operating loss decreased to EUR 81 million, compared with EUR
100 million in the second quarter 2009.
Nokia just published theirQ2 2010 financial results, and as always its a lot to
take in since they provide an amazing amount of statistics. Lets go through the most
important figures:
Nokia had $10 billion worth of sales this quarter. Thats up 1% compared to
the same quarter last year, and up 5% from the previous quarter. Of those $10 billion,
Devices and Services net sales were $6.8 billion, up 3% year on year, and up 2% from
the previous quarter. Reported profits come in at 295 million EUR, down 31% from a
year ago, and down 40% from last quarter.
http://www.nokia.com/about-nokia/financials/quarterly-and-annual-information/q2-2010http://www.nokia.com/about-nokia/financials/quarterly-and-annual-information/q2-2010http://www.intomobile.com/2010/07/22/nokia-q2-2010-profit-down-31-year-on-year-units-sold-up-3-year-on-year-sos-send-help-now/http://www.intomobile.com/2010/07/22/nokia-q2-2010-profit-down-31-year-on-year-units-sold-up-3-year-on-year-sos-send-help-now/http://www.nokia.com/about-nokia/financials/quarterly-and-annual-information/q2-2010 -
7/30/2019 CS on nokia wgl
27/67
27
Nokia shipped 111.1 million devices, up 8% year on year, and up 3% from last
quarter. Of those 111.1 million devices, 24 million were smartphones. Thats up 42%
year on year, and up 12% from last quarter. The average price of all the mobile
phones Nokia sold was 61 EUR, down from 62 EUR in Q1 2010, and down from 64
EUR in the same quarter last year. The average price of a feature phone sold was 39
EUR, and thats 5% down compared to this time last year, and the same price it was
in Q1 2010. The average price of a smartphone sold is 143 EUR, down 21% from the
same quarter last year, and down 8% from last quarter.
Nokia estimates that 338 million mobile phones were shipped in Q2 2010, up
14% year on year and 5% compared to last quarter. That brings Nokias market share
down to 33%, unchanged from the previous quarter, but down compared to the 35%
share year on year. Nokia also estimates that 59 million smartphones shipped this
quarter, up from 41 million a year ago, and from 52.6 million last quarter. Using those
figures, Nokias share in the smartphone space is now 41%, same as it was last
quarter, and same as it was a year ago.
Sales in Europe (by volume) are up 9% compared to last quarter, and up 12%
compared to the same quarter a year ago. Sales in the Middle East and Africa,
traditionally Nokias most awesome territory, are down 5% compared to last quarter,
but up 11% year on year.
Margins continue to slip for the Devices and Services group, down to 9.5%,
compared to 12.5% in the previous quarter and 11.6% a year ago. Nokias
expectations for 2010 are flat device sales by volume, and lower value share
compared to 2009.
An investor call is due to take place in less than 2 hours. Any new information
from that call or from analyst reports published somewhere else, will be added to the
bottom of this blog post if something juicy turns up. This blogger is waiting to hear
news about the CEO (pictured above) andwhen hell finally step down.
http://www.intomobile.com/2010/07/22/nokia-q2-2010-profit-down-31-year-on-year-units-sold-up-3-year-on-year-sos-send-help-now/http://www.intomobile.com/2010/07/22/nokia-q2-2010-profit-down-31-year-on-year-units-sold-up-3-year-on-year-sos-send-help-now/http://www.intomobile.com/2010/07/19/nokia-ceo-is-about-to-see-his-last-days-as-chief/http://www.intomobile.com/2010/07/19/nokia-ceo-is-about-to-see-his-last-days-as-chief/http://www.intomobile.com/2010/07/19/nokia-ceo-is-about-to-see-his-last-days-as-chief/http://www.intomobile.com/2010/07/22/nokia-q2-2010-profit-down-31-year-on-year-units-sold-up-3-year-on-year-sos-send-help-now/http://www.intomobile.com/2010/07/22/nokia-q2-2010-profit-down-31-year-on-year-units-sold-up-3-year-on-year-sos-send-help-now/http://www.intomobile.com/2010/07/22/nokia-q2-2010-profit-down-31-year-on-year-units-sold-up-3-year-on-year-sos-send-help-now/http://www.intomobile.com/2010/07/22/nokia-q2-2010-profit-down-31-year-on-year-units-sold-up-3-year-on-year-sos-send-help-now/http://www.intomobile.com/2010/07/19/nokia-ceo-is-about-to-see-his-last-days-as-chief/http://www.intomobile.com/2010/07/22/nokia-q2-2010-profit-down-31-year-on-year-units-sold-up-3-year-on-year-sos-send-help-now/http://www.intomobile.com/2010/07/22/nokia-q2-2010-profit-down-31-year-on-year-units-sold-up-3-year-on-year-sos-send-help-now/ -
7/30/2019 CS on nokia wgl
28/67
28
Some Achievements for Nokia
Ranked No 1 Most Trusted Brand Survey by Brand Equity, 2008
Ranked the No 1. MNC in India by Businessworld, Indias leading business
weekly, 2006
Ranked as the No. 1 telecommunications equipment vendor in the country byVoice & Data for five consecutive years2008, 2007, 2006,2005 and 2004
Ranked as the 9th most powerful brand by Millward Browns BrandZ 2008 Ranked worlds 4th most valuable brand by Interbrand, 2007 Ranked Asias most trusted brand by the Media-Synovate, 2006
Some of the Products that Nokia offers to Customers are:
Nokia E75 Nokia E72 5230 Rs.7500 E63Rs.8500
7020 Rs.4700 2730 classic Rs.4300 5130 XpressMusic 5030 XpressRadio
Rs.4700 Rs.1700
http://www.fonearena.com/nokia-5230_896.htmlhttp://www.fonearena.com/nokia-5230_896.htmlhttp://www.fonearena.com/nokia-e63_729.htmlhttp://www.fonearena.com/nokia-e63_729.htmlhttp://www.fonearena.com/nokia-7020_821.htmlhttp://www.fonearena.com/nokia-7020_821.htmlhttp://www.fonearena.com/nokia-E75_photos_773.htmlhttp://www.fonearena.com/nokia-E75_photos_773.htmlhttp://www.fonearena.com/nokia-E75_photos_773.htmlhttp://www.fonearena.com/nokia-E75_photos_773.htmlhttp://www.fonearena.com/nokia-E75_photos_773.htmlhttp://www.fonearena.com/nokia-E75_photos_773.htmlhttp://www.fonearena.com/nokia-E75_photos_773.htmlhttp://www.fonearena.com/nokia-E75_photos_773.htmlhttp://www.fonearena.com/nokia-E75_photos_773.htmlhttp://www.fonearena.com/nokia-E75_photos_773.htmlhttp://www.fonearena.com/nokia-E75_photos_773.htmlhttp://www.fonearena.com/nokia-7020_821.htmlhttp://www.fonearena.com/nokia-e63_729.htmlhttp://www.fonearena.com/nokia-5230_896.html -
7/30/2019 CS on nokia wgl
29/67
29
2323 classic Rs.2211 Nokia X2-01 Rs.4500 NokiaX3 touch and type
Rs.10000
Nokia X6 8GB Nokia C2 Nokia C3 Nokia 2690
Rs.14499 Rs.2700 Rs.5749
-
7/30/2019 CS on nokia wgl
30/67
30
CHAPTER-III
CONCEPTUAL FRAMEWORK
-
7/30/2019 CS on nokia wgl
31/67
31
Customer Satisfaction
Introduction:
Customer satisfaction, a business term, is a measure of how products andservices supplied by a company meet or surpass customer expectation. It is seen as a
key performance indicator within business and is part of the four of a Balanced
Scorecard.
In a competitive marketplace where businesses compete for customers, customer
satisfaction is seen as a key differentiator and increasingly has become a key element
of business strategy.
There is a substantial body of empirical literature that establishes the benefits of
customer satisfaction for firms.Many organizations have not got a clue about how
the customers perceive the goods and services they supply. Customers attitude to
be that so long as people buy their products then the products must be accepted.
Firstly, customer may buy a given product or services simply because
there is no other option and they would prefer to purchase what you are offering
them to go out altogether.
Secondly, fact that a product or services may be accepted does not mean
that it will continue to sell. Competitors may see opportunities, customer
expectations may change customer tastes may move on. If standards dont rise and
services evolve and then download sales will appear.
A worse situation arises when the organization havent got a clue of the
customers perceptions but think they have. Another situation is when the
organization dont have clue of their customers perception and dont care either the
organization may believe that it is a monopoly situation and its customers cant go
else where. Sometimes organizations believe that it know that best what customer
should want and therefore supply them with a centrally designed product.
-
7/30/2019 CS on nokia wgl
32/67
32
If resultant product or service has defects, then it is perceived to be a problem for
the customer. Some organizations solicit customer feedback or it any way whether
they like it or not and then do nothing about it.
Finally we come to the point where we realize how important customer
feedback is in the case of organizations, which helps the organizations to determine
how efficiently it is solving the customer and determine customer satisfaction. This
feedback answers the following questions to find out.
Who are your customers? Why are they likely to be your customer?
What do your customers want? How does your customer feel? What do your customers think? How can you make your customers feel valued? What sort of initiatives would your customers appreciate? What can you do to keep your customers?
Measuring customer satisfaction
Organizations need to retain existing customers while targeting non-customers;.
Measuring customer satisfaction provides an indication of how successful the
organization is at providing products and/or services to the marketplace.
Customer satisfaction is an abstract concept and the actual manifestation of the state
of satisfaction will vary from person to person and product/service to product/service.
The state of satisfaction depends on a number of both psychological and physical
variables which correlate with satisfaction behaviors such as return and recommend
rate. The level of satisfaction can also vary depending on other factors the customer,
such as other products against which the customer can compare the organization's
products.
-
7/30/2019 CS on nokia wgl
33/67
33
Work done by Parasuraman, Zeithaml and Berry (Leonard L) between 1985 and 1988
delivered SERVQUAL which provides the basis for the measurement of customer
satisfaction with a service by using the gap between the customer's expectation of
Performance and their perceived experience of performance. This provides the
researcher with a satisfaction "gap" which is semi-quantitative in nature. Cronin and
Taylor extended the disconfirmation theory by combining the "gap" described by
Parasuraman, Zeithaml and Berry as two different measures (perception and
expectation) into a single measurement of performance relative to expectation.
The usual measures of customer satisfaction involve a survey with a set of statements
using a Likert Technique or scale. The customer is asked to evaluate each statement in
terms of their perception and expectation of performance of the service being
measured.
Improving Customer Satisfaction
Published standards exist to help organizations develop their current levels of
customer satisfaction. The International Customer Service Institute (TICSI) has
released The International Customer Service Standard (TICSS). TICSS enables
organizations to focus their attention on delivering excellence in the management of
customer service, whilst at the same time providing recognition of success through a
3rd Party registration scheme. TICSS focuses an organizations a ttention on
delivering increased customer satisfaction by helping the organization through a
Service Quality Model.
TICSS Service Quality Model uses the 5 P's - Policy, Processes, People,
Premises, Product/Services, as well as performance measurement. The
implementation of a customer service standard should lead to higher levels of
customer satisfaction, which in turn influences customer retention and customer
loyalty
Measuring customer satisfaction is a relatively new concept to many
companies that have been focused exclusively on income statements and balance
sheets. Companies now recognize that the new global economy has changed things
forever. Increased competition, crowded markets with little product differentiation
-
7/30/2019 CS on nokia wgl
34/67
34
and years of continual sales growth followed by two decades of flattened sales curves
have indicated to today's sharp competitors that their focus must change.
It takes continuous effort to maintain high customer satisfaction levels.
As markets shrink, companies are scrambling to boost customer satisfaction
and keep their current customers rather than devoting additional resources to chase
potential new customers. The claim that it costs five to eight times as much to get new
customers than to hold on to old ones is key to understanding the drive toward
benchmarkingand tracking customer satisfaction.
Competitors that are prospering in the new global economy recognize that
measuring customer satisfaction is key. Only by doing so can they hold on to the
customers they have and understand how to better attract new customers. The
competitors who will be successful recognize that customer satisfaction is a critical
strategic weapon that can bring increased market share and increased profits.
The problem companies face, however, is exactly how to do all of this and
do it well. They need to understand how to quantify, measure, and track customer
satisfaction. Without a clear and accurate sense of what needs to be measured and
how to collect, analyze, and use the data as a strategic weapon to drive the business,
no firm can be effective in this new business climate. Plans constructed using
customer satisfaction research results can be designed to target customers and
processes that are most able to extend profits.
Too many companies rely on outdated and unreliable measures of customer
satisfaction. They watch sales volume. They listen to sales reps describing their
customers' states of mind. They track and count the frequency of complaints. And
they watch aging accounts receivable reports, recognizing that unhappy customers
pay as late as possible -- if at all. While these approaches are not completely without
Value, they are no substitute for a valid, well-designed customer satisfaction survey
program.
http://www.nbrii.com/Create_Surveys/Normative_Data.htmlhttp://www.nbrii.com/Create_Surveys/Normative_Data.htmlhttp://www.nbrii.com/Customer_Surveys/Satisfaction.htmlhttp://www.nbrii.com/Customer_Surveys/Satisfaction.htmlhttp://www.nbrii.com/Create_Surveys/Normative_Data.html -
7/30/2019 CS on nokia wgl
35/67
35
Customers:people or groups of people who purchase or use or consume your
products and/or services
Satisfaction: cognitive or affective reaction to overall experience encountered
Customer Satisfaction: customers positive or negative feeling about the
perceived value that was received as a result of using your products and/or services in
specific use situation
Business Definition for: Customer Satisfaction
The degree to which customer expectations of a product or service are met orexceeded. Corporate and individual customers may have widely differing reasons
for purchasing a product or service and therefore any measurement of satisfaction
will need to be able to take into account such differences. The quality of after-
sales service can also be a crucial factor in influencing any purchasing decision.
More and more companies are striving, not just for customer satisfaction, but for
customer delight, that extra bit of added value that may lead to increased customer
loyalty. Any extra added value, however, will need to be carefully costed.
Because the concept of customer satisfaction is new to many companies, it's
important to be clear on exactly what's meant by the term.
Customer satisfaction is the state of mind that customers have about a
company when their expectations have been met or exceeded over the lifetime of the
product or service. The achievement of customer satisfaction leads to company
loyalty and product repurchase. There are some important implications of this
definition:
Theoretical over view on customer satisfaction
Satisfaction in persons feelings of pleasure of disappointment resulting from
comparing a products perceived performance (out come) in relation to his or her
expectations.
-
7/30/2019 CS on nokia wgl
36/67
36
Customer perceived value
Our premise is that customers will buy from the firm that they see as offering
the highest perceived value. Customer perceived value (CPV) is the difference
between the prospective customers evaluation of all the benefits and all the costs of
an offering and the perceived alternatives.
Total customer Value is the perceived monetary value of the bundle of
economic, functional and psychological benefits customers expect from a given
market offering. Total Customer Cost is the bundle of costs customers expect to incur
in evaluating, obtaining, using and disposing of the given market offering.
Total Customer Satisfaction
Whether the buyer is satisfied after purchase depends on the offers
performance in relation to the buyers expectations. In general, satisfaction is a
persons feelings of pleasure of disappointment resulting from comparing a product
perceived performance (or outcome) in relation to his or her expectations. If the
performance falls short of expectorations, the customer is dissatisfied. It is the
performance matches the expectations, the customer is satisfied. If the performance
exceeds the expectations, the customer is highly satisfied or delighted.
Measuring Satisfaction
Although the customer centered firm seeks to create high customer
satisfaction, that is no its main goal. If the company increases customer satisfaction by
lowering its price or increasing its services, the result may be lower profits. Even bad-
mouth it. At levels two or four, customers are fairly satisfied but still find it easy to
switch when a better offer comes along. At level five, the customer is very likely to
repurchase and even spread good work of mouth about the company. High
satisfaction or delight creates an emotional bond with brand or company.
High satisfaction or delight creates an emotional bond with the brand or
company, not just a rational preference.
-
7/30/2019 CS on nokia wgl
37/67
37
Customer expectations
From past buying experience, friends and associates advice, and marketers and
competitors information and promises. If marketers raise expectations too high, thebuyer is likely to be disappointed. However, if the company sets expectations too low,
it wont attract enough buyers (although it will satisfy those who do buy).
Delivering high customer value
The key to generating high customer loyalty is to deliver high customer value.
According to Micheal planning, in his delivering profitable value, a company must
design a competitively superior value proposition aimed at a specific market segment,
backed by a superior value-delivery system.
The value proposition consists of the whole cluster of benefits the company
promises to deliver, it is more than the core positioning of the offering.
-
7/30/2019 CS on nokia wgl
38/67
38
CHAPTER-IV
DATA ANALYSIS
&
INTERPRETATION
-
7/30/2019 CS on nokia wgl
39/67
39
Analysis and findings
The total number of respondents of the survey is 50 from Warangal Dist.
The main aim of the survey is to know the satisfaction level of the Nokia
Services.
The data collected is through primary source, through interviewing the
concerned respondents by giving them a structured questionnaire, which includes few
open-ended questions.
-
7/30/2019 CS on nokia wgl
40/67
40
Q.No: 1) Do you have Own Mobile
Table No. 1
Option No. of respondents Percentage
Yes 40 80%
No 10 20%
Total 50 100%
Figure No. 1
Interpretation:
From the above table it is seen that 80% of the respondents are using Mobile
products and remaining 20% of the people says no.
80%
20%
0%
10%
20%
30%
40%
50%
60%
70%
Nokia Motorola
-
7/30/2019 CS on nokia wgl
41/67
41
Q.No: 2) If you have own Mobile, which mobile you are using?
Table No. 2
Figure No. 2
Interpretation:
From the above table it is seen that 50% of the respondents have been using
Nokia products. While 30% are been using Samsung, 10% of the people using
Motorola &10% of the people using LG Products.
50%
10%
30%
10%
0%
10%
20%
30%
40%
50%
60%
No. of respondents
nokia
motorolo
samsung
LG
Brand Name No. of respondents Percentage
Nokia 25 50%
Motorola 05 10%
Samsung 15 30%
LG 05 10%
Total 50 100%
-
7/30/2019 CS on nokia wgl
42/67
42
Q.No: 3) How do you know about Nokia Mobile?
Table No. 3
Source No. of respondents Percentage
Mass Media 20 40%
Publicity 10 20%
Clients 15 30%
Others 5 10%
Total 50 100%
Figure No. 3
Interpretation:
From the above table it can be seen that 40% of them came to know through
Mass media, 30% of Respondents through clients, 20% of them through publicity, and
10% of says that through others.
40%
20%
30%
10%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
No. of respondents
mass media
publicity
clients
others
-
7/30/2019 CS on nokia wgl
43/67
43
Q.No: 4) From how long you are customer to the Nokia Mobile.
Table No. 4
Duration No. of respondents PercentageLess than one year 20 40%
One year to two years 12 24%
Two years to three
years13 26%
Above five years 05 10%
Total 50 100%
Figure No. 4
Interpretation:
From the above table it is shown that 40% of the respondents are using mobilefor less than one year, 24% of them says that they are using from one year to two
years and 26% of them says that they are using from two years to three years and
remaining says that they are using since five years.
40%
24%26%
10%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
No. of respondents
less than one
year
one year to
two years
two years to
three years
above five
years
-
7/30/2019 CS on nokia wgl
44/67
44
Q.No: 5) Which type of Mobile handset you are using?
Table No. 5
Type of mobile No. of respondents Percentage
Color handset 25 50%
Black & White 25 50%
Total 50 100%
Figure No. 5
Interpretation:
In todays busy world convenience seems to be the most overriding factor
while preferring a cellular service. It is clear that 50% of the respondents have
preferred the color handsets and remaining 50% says that they prefer Black & white
handsets.
50% 50%
0%
10%
20%
30%
40%
50%
60%
Colour Black & White
-
7/30/2019 CS on nokia wgl
45/67
45
Q.No: 6) Which type of Model you are using in Nokia Mobiles?
Table No. 6
Model No. of respondents Percentage
General Models 20 40%
N Series 05 10%
Flip Models 13 25%
Slide Models 12 25%
Total 50 100%
Figure No. 6
Interpretation:
From the above table it is clear that 40% of the respondents are satisfied with
the General Models, 25% of the respondents say that they are satisfied with Flip
Models and Slide models and remaining 10% of respondents say that they are
satisfied with N series.
40%
10%
25% 25%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
General Models N Series Flip Models Slide Models
-
7/30/2019 CS on nokia wgl
46/67
46
Q.No: 7) Do you think Nokia mobiles available to all types of People?
Table No. 7
Available No. of respondents percentage
Yes 35 70%
No 15 30%
Total 50 100%
Figure No. 7
Interpretation:
The above table indicates that 70% of the respondents say that those Nokia
mobiles are available to all types of people and remaining 30% says no.
70%
30%
0%
10%
20%
30%
40%
50%
60%
70%
80%
Yes No
-
7/30/2019 CS on nokia wgl
47/67
47
Q.No: 8) Which service you like provided by Nokia Mobile?
Table No. 8
Option No. of respondents Percentage
Games 10 20%
FM Radio 05 10%
Music Player 15 30%
Bluetooth 15 30%
Any other 05 10%
Total 50 100%
Figure No. 8
Interpretation:
From the above table it is shows that 20% of the respondents like the serviceslike Games & 10% of then FM Radio, 30% them know about Music player and 30%
of the people know about Bluetooth and remaining 10% says other.
20%
10%
30% 30%
10%
0%
5%
10%
15%
20%
25%
30%
35%
No. of respondents
games
fm radio
music player
blue tooth
any other
-
7/30/2019 CS on nokia wgl
48/67
48
Q.No: 9) How do you feel about the customer care service of Noika mobile?
Table No. 9
Opinion No. Of respondents Percentage
Yes 40 80%
No 10 20%
Total 50 100%
Figure No. 9
Interpretation:
The above table is indicating that, from the total respondents of the survey
80% respondents are satisfied by the customer care service and 20% says unsatisfied.
80%
20%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
No. of respondents
-
7/30/2019 CS on nokia wgl
49/67
49
Q.No: 10) How do you feel the services offered by the Nokia mobile?
Table No. 10
Response No. of respondents Percentage
Excellent 30 60%
Good 10 20%
Average 08 16%
Poor 02 4%
Total 50 100%
Figure No. 10
Interpretation:
It is clear from the above analysis that the 60% of respondents feel Excellent,
20% of them feel good, 16% of them are graded average and remaining 4% of them
said poor.
60%
20%16%
4%
0%
10%
20%
30%
40%
50%
60%
70%
No. of respondents
excellent
good
average
poor
-
7/30/2019 CS on nokia wgl
50/67
50
Q.No: 11) Do you recommend the Nokia Mobile to others?
Table No. 11
Recommendation No. of respondents Percentage
Yes 47 94%
No 03 6%
Total 50 100%
Figure No. 11
Interpretation:
Out Of the 50 respondents surveyed 94% of them are recommend the Nokia services
to others and only 6% of the respondents says no.
94%
6%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
No. of respondents
Yes
No
-
7/30/2019 CS on nokia wgl
51/67
51
Q.No: 12) Are you fully aware all the Features of Nokia phone?
Table No. 12
Type of service No. of respondents Percentage
Yes 28 56%
No 22 44%
Total 50 100%
Figure No. 12
Interpretation:
Out Of the 50 respondents surveyed 56% of them are fully aware of the Nokia
Features and remaining 44% members are not on the features.
56%
44%
0%
10%
20%
30%
40%
50%
60%
No. of respondents
Yes
No
-
7/30/2019 CS on nokia wgl
52/67
52
Q.No: 13) Who suggested you buy Nokia phone?
Table No. 13
Reference No. of respondents percentageFamily 12 24%
Relatives 03 06%
Friends 20 40%
Advertisements 15 30%
Total 50 100%
Figure No. 13
Interpretation:
It is clear from the above analysis that the 40% of respondents are purchasing
mobiles by asking friends, 24% of them family, 30% of them are advertisement and
remaining 6% of them using relations.
24%
6%
40%
30%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
No. of respondents
family
relatives
friends
advertisemen
t
-
7/30/2019 CS on nokia wgl
53/67
53
Q.No: 14) Where you usually buy Mobile Phone?
Table No. 14
Place No. of respondents Percentage
Priority outlet 25 50%
Gray market 2 4%
Dealers 11 22%
Others 12 24%
Total 50 100%
Figure No. 14
Interpretation:
It is clear from the above analysis that the 50% of respondents purchasing Nokia
mobiles at Nokia priority, 4% of them grey market, 22% of them choose dealers and
remaining 24% of them choose others.
50%
4%
22%24%
0%
10%
20%
30%
40%
50%
60%
No. of respondents
priority outlet
gray market
dealers
others
-
7/30/2019 CS on nokia wgl
54/67
54
Q.No: 15) Are you satisfied with Advertisements of Nokia phone?
Table No. 15
Response No. of respondents Percentage
High satisfied 12 24%
Satisfied 33 66%
Dissatisfied 05 10%
Total 50 100%
Figure No. 15
Interpretation:
From the above table it is clear that 66% of the respondents are satisfied with
advertising, 24 % of the respondents say that they are high satisfied and remaining
10% of respondents says that they are dissatisfied with the advertisement of Nokia
phone.
0%
10%
20%
30%
40%
50%
60%
70%
No. of respondents
24%
66%
10%
High satisfied
Satisfied
Dissatisfied
-
7/30/2019 CS on nokia wgl
55/67
55
Q.No: 16) Are you satisfied with services provided by Nokia mobile?
Table No. 16
Response No. of respondents Percentage
High satisfied 04 08%
Satisfied 30 60%
Not satisfied 16 32%
Total 50 100%
Figure No. 16
Interpretation:
From the above table it is clear that 60% of the respondents are satisfied with
services provided by Nokia, 8% of the respondents say that they are high satisfied and
remaining 32% of respondents says that they are dissatisfied with the services
provided by of Nokia mobiles.
8%
60%
32%
0%
10%
20%
30%
40%
50%
60%
70%
No. of respondents
high satisified
satisified
not satisified
-
7/30/2019 CS on nokia wgl
56/67
56
Q.No: 17) How do feel about Price of the Nokia Mobile is compare to other
mobiles?
Table No. 17
Response No. of respondents Percentage
High 37 74%
Average 13 26%
less 0 0%
Total 50 100%
Figure No. 17
Interpretation:
From the above table it is clear that 74% of the respondents are said that theprice of the Nokia mobile is high, 26 % of the respondents says that average.
74%
26%
0%0%
10%
20%
30%
40%
50%
60%
70%
80%
No. of respondents
high
average
less
-
7/30/2019 CS on nokia wgl
57/67
57
Q.No: 18) Do you face any problems while operating Nokia Mobile?
Table No. 18
Response No. of respondents Percentage
Yes 17 34%
No 33 66%
Total 50 100%
Figure No. 18
Interpretation:
The above table is indicating that, from the total respondents of the survey
34% respondents are having no problem and remaining 66% of respondents have a
problem while using Nokia mobiles.
34%
66%
0%
10%
20%
30%
40%
50%
60%
70%
No. of respondents
yes
no
-
7/30/2019 CS on nokia wgl
58/67
58
Q.No: 19) Why do you choose the Nokia Mobile?
Table No. 19
Options No. of respondents Percentage
Quality 20 40%
Features 8 16%
free service 5 10%
Others 17 34%
Total 50 100%
Figure No. 19
Interpretation:
It is clear from the above analysis that the 40% of respondents are purchasing
mobiles by quality, 16% of them features, 10% of them are free service and 34% of
them using other advantages.
40%
16%
10%
34%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
No. of respondents
quality
features
free services
others
-
7/30/2019 CS on nokia wgl
59/67
59
CHAPTER-V
FINDINGS
&
SUGGESTIONS
-
7/30/2019 CS on nokia wgl
60/67
60
FINDINGS
From the above analysis I found that 80% of respondents using Nokia mobile. Many customers known about by Mass Media & Through Clients of Nokia
Mobile
I found that 10% of Respondents are using Nokia since 5 years, 90% ofrespondents are using from less than one year
I found that equal percentage of people using the color, black & white mobiles In these color mobiles customers like to buy General Mobile models. Many respondents are like to have games, FM Radio, Music Player in their
handsets
From this analysis I found that 80% of customers are satisfied with the NokiaCustomer care services.
I found that 60% of respondents feel that Services offered by the NokiaMobile are Excellent
94% of respondents are like to recommend to others Many respondents are fully aware about the features of Nokia Mobile Many of the respondents are buy the Nokia because of their Advertisement
campaigns
Many respondents feel that The Prices of Nokia Mobiles are High Many respondents are like to buy at Nokia Priority Show Room only Many respondents are buy the Nokia Because of the Quality offered by the
Nokia
66% of the Respondents are said that they do not face any problem whileusing Nokia Mobile.
-
7/30/2019 CS on nokia wgl
61/67
61
SUGGESTIONS
The quality of the cellular service needs to be improved in terms of soundclarity and connectivity.
Nokia should create awareness amongst its customers regarding variousservices that are being offered by it by increasing its sales promotion reach.
Nokia should aggressively promote its offerings in various media and shouldconcentrate on hoardings and road shows and electronic media.
Attractive schemes for owning the mobile instruments should be launched toattract more customers.
Special promotional schemes to be launched especially to target youthsegment who take up the new product by having special packages.
Nokia should try to focus on the after sales customer support as this isperceived to be a weak spot, by the consumers and should have responsive call
centers to address the needs of its customers.
-
7/30/2019 CS on nokia wgl
62/67
62
CONCLUSIONS
The respondents are subscribers of Nokia, and they came know about theservice from hoardings, print media, primarily and through electronic media
and road shows secondarily.
The respondents are using Nokia since 1 year and below 1 year in most of thecases.
The mobile service provided by Nokia is used by majority of the respondentsand the reason for choosing it is the quality of the service, followed by brand
image.
Customer satisfaction of the respondents towards Nokia is high; however asignificant number of the respondents are dissatisfied with its services.
In purchasing Nokia products family appear to be the prime motivators of therespondents in making their purchase decisions, due to the special offers being
targeted by the company at this segment. Most of the people fully aware about the Nokia mobile features except some
illiterate.
In purchasing the Nokia mobiles advertising, friends, family are playing majorroles. So the company needs to pay more attention on these.
Most of the people feel that the prices of the Nokia mobiles are high compareto other mobiles.
The customers are like the quality and features of the mobile. So they need tomaintain the quality of their products.
The company needs to add the features to their mobiles. Like dual sim, 3g andother modern features.
The service offered by the Nokia mobile is in satisfactory state. But they needto make the faster services to make high satisfied people.
-
7/30/2019 CS on nokia wgl
63/67
63
ANNEXURE
-
7/30/2019 CS on nokia wgl
64/67
64
BIBLIOGRAPHYReferences:
Books:
1. MARKETING MANAGEMENT
- Philip Kotler
2. PRINCIPLE OF MARKETING
- Philip Kotler & Gray
Armstrong
3. MARKETING MANAGEMENT
- Stanton
4. BUSINESS RESEARCH METHODOLOGY
- C.R. Kothari
Websites:
5. www.Nokia.com
6. www.Nokia.org
7. www.google.com
http://www.nokia.com/http://www.nokia.org/http://www.google.com/http://www.google.com/http://www.google.com/http://www.nokia.org/http://www.nokia.com/ -
7/30/2019 CS on nokia wgl
65/67
65
QUESTIONNAIRE
Name of the respondent :
Age :
Gender :
Address : Signature
1. Do you own a Mobile? ( )a) Yes b) No
2. If own Mobile, which Mobile you are using? ( )a) Nokia b) Motorola
c) Samsung d) LG
3. How do you know about the Nokia Mobile? ( )a) Mass Media b) Publicity
c) Clients d) Others
4. From how long you are customer of the Nokia Mobile? ( )a) Less than one Year b) One year to two years
c) Two years to three years d) above five years.
5. Which type of Mobile handset you are using? ( )a) Color handset b) Black & White handset
6. Which type of Model you are using in Nokia Mobiles? ( )a) General Models b) N Series
c) Flip Models d) Slide Models
-
7/30/2019 CS on nokia wgl
66/67
66
7. Do you think Nokia Mobiles available to all types of people? ( )a) Yes b) No
8.
Which service you like to provide by Nokia Mobile? ( )
a) Games b) FM Radio
c) Music Player d) Bluetooth
e) GPRS f) Any Other
9. How do you feel the services offered by the Nokia Mobile? ( )
a) Yes b) No
10. How do you feel the services offered by the Nokia Mobile? ( )
a) Excellent b) Good
c) Average d) poor
11. Do you recommend the services of Nokia Mobile to Others? ( )
a)Yes b) No
12. Are you fully aware all the Features of Nokia phone? ( )
a)Yes b) No
13. Who suggested you buy Nokia phone? ( )
a) Family b) Relatives
c) Friends d) Advertisements
14. Where you usually buy Mobile Phone? ( )
a) Priority outlet b) Gray market
c) Dealers d) Others
-
7/30/2019 CS on nokia wgl
67/67
15. Are you satisfied with Advertisements of Nokia phone? ( )
a) High satisfied b) satisfied
c) Dissatisfied
16. Are you satisfied with services provided by Nokia mobile? ( )
a) High satisfied b) satisfied
c) Dissatisfied
17. How do feel about Price of the Nokia Mobile is compare to other
mobiles? ( )
a) High b) Average
c) less
18. Do you face any problems while operating Nokia Mobile? ( )
a) Yes b) No
19. Why do you choose the Nokia Mobile? ( )
a) Quality b) Features
c) free service d) Others
20. Any Suggestions you recommended of Nokia Mobiles.
_______________________________________________________________
__________________________________________________