Marketing and management are two major concepts that increase the efficiency of the business significantly. Patanjali Ayurved Brand has been taken in this research paper as it is the Indian Consumer company that provides a number of products such as beauty products, Ayurvedic medicines, food products, natural personal care and herbal home care. The revenue of the company is INR 10,561 crore at the end of March 2017. The latest Ayurved A high stress on various quality circles and special project teams are working on Total Quality Management projects for the purpose of making good quality a way of life in Patanjali Ayurved Limited (Patanjali, 2018). This kind of activities helps Patanjali Ayurved Limited to develop herbomineral arrangements with consistent levels of the batch to batch uniformity. It makes sure that the customer of Patanjali will get high-quality products regardless of where it is bought.
The strength of the company is strong growth in a short span of time in which it has been found that the company has registered revenues of INR 5000 crores in 2015-16 that facilitates to attain a foothold in the established FMCG business (Patanjali, 2018). Along with that the strong brand ambassador, broad range of products, strong distribution network and extensively present on e-commerce platforms. The major weakness of this company is that the revenues are reliable on few main products which are not sustainable in the long term. The company has huge opportunity to expand its business in rural products. The major threat is a poor farming season as the products of Patanjali are dependent on natural ingredients.
The company has reached at the higher level of growth in a short span of time that increases the good image of the company in the view of outsiders and increases the trust of potential customers over the products of the company. According to Dubey, (2017), there are some major issues of Patanjali Ayurved that can be the cause of degradation of the system. It has been analyzed that some products of the company are failed in the quality tests. The district food safety department has found issues in the products of the company that is a matter of concern. In April, 2017, the product of Aata noodles was found to be sub-standard since they included three times more ash than the acceptable limit. Along with this, the desi ghee of Patanjali was found to include artificial color. It is vital for the company to maintain the image of it in the long term by providing a number of quality products to the customers. As per The Indian Express, a case has been filed in the year of 2012 that Patanjali had failed in quality tests in the sample of mustard oil, pineapple jam, honey and salt (Shukla and Sanghvi, 2017).
The decisions criteria are an important part to make the decisions and they will be taken in use to evaluate the suitability of the organization in making the decisions. The decisions regarding key issues of Patanjali have been taken by evaluating the key success factor of FMCG Industry (Evanschitzky, Eisend, Calantone and Jiang, 2012). The key success factors of FMCG products in India understand the strategic position of the brand, ensure incentive is appealing, Ensure compliance of promotional activity at outlet level and high market potential (Mothilal, Gunasekaran, Nachiappan and Jayaram, 2012). It has been evaluated that the Patanjali Ayurved is failed to understand the entire concept of the key success factor of FMCG products in India.
It has been found that the company is failed in the quality test of a number of products. It has been done due to low morale of employee as they are not attentive at the time of producing the products. There are some typical decisions criteria such as ease of implementation, cost, employee morale, risk levels, cost savings, return on investment and increase customer satisfaction. The company needs to focus on the ease of implementation of employee morale so those employees implement the effective product with quality. Customers want quality based products and due to lack of it, they can switch from one place to another place for having quality products. It has been found that Patanjali is not followed the key success factors of FMCG Industry of India that being the major concern of quality products (Rao and Alexander, 2016.). However, the company has taken various decisions such as increasing quality in the products that maintain the image of the company as before in the market of India. The company does work as per the slogan of it “Prakriti Ka Ashirwad” (Jaggi and Ghosh, 2017).
The assumptions regarding the questionnaire have been mentioned below:
Reason for purchasing the Patanjali Ayurved brand
Brand image of Baba Ramdev
1= Strongly agree
5= Strongly disagree
From the assessment, it can be interpreted that both 50% of males and 50% of females are selected to decline the possibilities of biases from research. It is also analyzed that there are 16 out of 50 participants were belongs to 36-41 years. In contrast to this, 8 out of 50 participants were belongs to below 30 years. It is also assessed that there 17 out of 50 participants has Below 3 lacs income while only 9 out of 50 participants has above 10 lacs. It is also evaluated that 15 out of 50 consumers are homemaker whereas only 5 out of 50 participants are students. There are 21 out of 50 participants who have always purchase Patanjali Ayurved brand. In opposed to this, 11 out of 50 participants who have seldom purchase Patanjali Ayurved brand. Through the assessment, it is observed that there are different reasons for purchasing the Patanjali Ayurved brand. These reasons are Good quality, Advertisements, Brand image of Baba Ramdev, Availability, and Health Benefits. In this way, it is evaluated that 29 out of 50 participants were believed that good quality is key reason for purchasing the Patanjali Ayurved brand. Furthermore, 27 out of 50 participants were believed that Advertisements is key reason for purchasing the Patanjali Ayurved brand. In addition, 33 out of 50 respondents believe that Brand image of Baba Ramdev is key reason for purchasing the Patanjali Ayurved brand. It is also evaluated that 38 out of 50 participants feel that availability of product is key reason for purchasing the Patanjali Ayurved brand. As well as, 30 out of 50 participants believe that health benefits are key reason for purchasing the Patanjali Ayurved brand. It is also demonstrated that 15 out of 50 consumers have ever complained about Patanjali Ayurved brand while most of the consumers i.e. 35 out of 50 have never complained about Patanjali Ayurved brand. It is also analyzed that consumer has their different insights regarding the Patanjali Ayurved brand for the following characteristics. These characteristics are Affordable price Better quality, Natural products, Benefits and Customer service.
From this questionnaire, it is found out that 11 out of 50 consumers buys the products of Patanjali Ayurved brand due to natural products while 7 out of 50 participants were believed to buy Patanjali Ayurved brand due to its benefits. It is also determined that 15 out of 50 consumers were most satisfied with the Patanjali Ayurved brand while only 4 out of 50 consumers were dissatisfied with the Patanjali Ayurved brand. It is also assessed that 30 out of 50 consumers were agreed with the statement that Patanjali Ayurved brand provides health benefits as compared to other products. In contrast to this, 12 out of 50 participants do not agreed with the statement that Patanjali Ayurved brand provides health benefits.
There are a number of issues in the products of Patanjali as it has been found that the quality of them is not high as per the district food safety department. It is essential for the company to improve the quality in a significant manner in which they should make a commitment to improving the quality of the products. The mistakes should be tracked so that the company could make decisions in improving the quality of the products (Pandey and Sah, 2016). The company is facing issues regarding quality of the products that is why it is required for the company to provide the training program to them for increasing the quality of the products because the customers are the key factor of success. In the context of customers, it has been found that the believe of customers are decreased over the products of the company due to less quality in the products that is why it is vital for the company to organize the quality circle that should have skills to examine the quality of the products (Kumar, Jain, Rahman and Jain, 2014). Along with that, it has been found that the Patanjali is facing issues regarding the absence of a key sub-branded range under Patanjali “Umbrella”. The communications are done around the name of “Patanjali” and not around any sub-brand which has become the major cause of decreasing sales of their key categories. The products of the company are entirely dependent upon the co-founder of Patanjali- Baba Ramdev and any questions arising on their integrity will definitely impact the performance of the brand.
It can be concluded that Patanjali Ayurved has various factors of key to success such as less price, strong distribution channels, and strong brand associations and promotional through media. The key issues of Patanjali case study have been described in a significant manner in which it has been found that some products of the company are not compatible with quality. The decisions criteria have been elaborated in a sophisticated manner in which it has been found that the company did not follow the key success factor of FMCG India. Data analysis have been done to increase the better understanding of the Patanjali products in which the questionnaire has been prepared to get the answers from participants. Each graph has been interpreted to describe the meaning of it to the readers.
Bilgihan, A., Barreda, A., Okumus, F., and Nusair, K., 2016. Consumer perception of knowledge-sharing in travel-related online social networks. Tourism Management, 52, pp.287-296.
Dubey, J., 2017. Patanjali: Unique Brand Building and 4Ps. IUP Journal of Brand Management, 14(3), pp.45-53.
Evanschitzky, H., Eisend, M., Calantone, R.J. and Jiang, Y., 2012. Success factors of product innovation: An updated meta?analysis. Journal of Product Innovation Management, 29(S1), pp.21-37.
Fransen, M.L., Verlegh, P.W., Kirmani, A. and Smit, E.G., 2015. A typology of consumer strategies for resisting advertising, and a review of mechanisms for countering them. International Journal of Advertising, 34(1), pp.6-16.
Hudson, S., Huang, L., Roth, M.S. and Madden, T.J., 2016. The influence of social media interactions on consumer–brand relationships: A three-country study of brand perceptions and marketing behaviors. International Journal of Research in Marketing, 33(1), pp.27-41.
Jaggi, R. and Ghosh, M., 2017. Consumer Perception of Patanjali Products: An Analytical Study. IUP Journal of Brand Management, 14(1), p.13.
Kumar, V., Jain, A., Rahman, Z. and Jain, A., 2014. Marketing through spirituality: A case of Patanjali Yogpeeth. Procedia-Social and Behavioral Sciences, 133, pp.481-490.
Mothilal, S., Gunasekaran, A., Nachiappan, S.P. and Jayaram, J., 2012. Key success factors and their performance implications in the Indian third-party logistics (3PL) industry. International Journal of Production Research, 50(9), pp.2407-2422.
Pandey, P. and Sah, R., 2016. The growth of Swadeshi-A Case Study on Patanjali Ayurved Limited. International Journal of Engineering Technology, Management, and Applied Sciences, 4(7), pp.7-14.
Pappas, N., 2016. Marketing strategies, perceived risks, and consumer trust in online buying behavior. Journal of Retailing and Consumer Services, 29, pp.92-103.
Patanjali, 2018. About us. Available [online] https://www.patanjaliayurved.net/about. Accessed on 7th June 2018.
Rao, M.S., and Alexander, C.M., 2016. Traditional Wisdom in Indian Entrepreneurship-A Case Study on Patanjali. International Journal of Engineering and Management Research (IJEMR), 6(5), pp.332-338.
Shukla, T. and Sanghvi, R., 2017. India’s Fastest Growing FMCG Company: An Insight into Patanjali’s Marketing Strategies. Evidence-Based Management, p.105.
Solomon, M.R., Dahl, D.W., White, K., Zaichkowsky, J.L. and Polegato, R., 2014. Consumer behavior: Buying, having, and being (Vol. 10). UK: Pearson.
Yadav, R., 2017. Patanjali Ayurveda Limited: Attraction of Ayurveda Products. South Asian Journal of Business and Management Cases, 6(1), pp.100-108.
To export a reference to this article please select a referencing stye below:
My Assignment Help. (2019). Consumer Perception Of Knowledge Sharing. Retrieved from https://myassignmenthelp.com/free-samples/consumer-perception-of-knowledge-sharing.
"Consumer Perception Of Knowledge Sharing." My Assignment Help, 2019, https://myassignmenthelp.com/free-samples/consumer-perception-of-knowledge-sharing.
My Assignment Help (2019) Consumer Perception Of Knowledge Sharing [Online]. Available from: https://myassignmenthelp.com/free-samples/consumer-perception-of-knowledge-sharing
[Accessed 21 January 2020].
My Assignment Help. 'Consumer Perception Of Knowledge Sharing' (My Assignment Help, 2019) <https://myassignmenthelp.com/free-samples/consumer-perception-of-knowledge-sharing> accessed 21 January 2020.
My Assignment Help. Consumer Perception Of Knowledge Sharing [Internet]. My Assignment Help. 2019 [cited 21 January 2020]. Available from: https://myassignmenthelp.com/free-samples/consumer-perception-of-knowledge-sharing.
MyAssignmenthelp.com offers an all-inclusive academic paper writing service online. Students in search of a one-stop solution to their paper writing stringencies will find this portal extremely useful. Our in-house writers are well-aware of the conventions needed to be followed while drafting academic lab reports, CPM homework papers, dissertations on clinical reasoning cycle, rhetorical analysis and more. The dedicated team of writers is committed to providing each solution on time, and at the cheapest industry price.
Answer: Introduction Lee Electronics is a small retail warehouse. Therefore, an appropriate communication channel should enable it to save on the costs. Also, the medium of communication adopted by the company will dictate how the message is sent to the employees (?eitan, 2017, p. 121). Hence, the type of information, the employees and the overall purpose of communication are significant considerations when selecting an appropriate medium of co...Read More
Answer: Introduction: The current project is aimed to analyse and create a targeting market model for the retail sector. In other words, the main objective is to develop analytical skills in customer’s analytics and categorise customers in different groups and segments based on their purchasing behaviour (Chen, 2014). In the current time there is a lot of data generated each day. This data can be used to make customized offers to the cu...Read More
Answer: Introduction Banks are huge financial institutions that are responsible for handling the money for the common mass in the entire world. This makes the Banks rely mostly on the capacity, speed, intelligence, security and accountability for the responsibility it holds. Since, the banking industry goes through almost millions of transactions every day; mainframes are required for it has a capability of handling more than 2.5 billion tran...Read More
Answer: Title Installing PLC in Robots Start and End Date Project will start on 25th September 2018 and it will end on 8th January 2019. Goals and Objectives To make the school students aware about robotics To successfully install Programmable Logic Controller (PLC) in robots To incorporate and execute the project requirements within the estimated project schedule and budget. Project requirements Functional...Read More
Answer: Introduction: The modern world and the rapid industrialization have demanded for the sustainable use of the natural resources all over the world. The governments of the different countries across the world have developed different laws and regulations for the sustainable use of the resources. These laws and regulations adopt different techniques and measures which differ in each country. The purpose of this discussion is to comp...Read More
Just share your requirements and get customized solutions on time.
Our writers make sure that all orders are submitted, prior to the deadline.
Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.
Feel free to contact our assignment writing services any time via phone, email or live chat.
Our writers can provide you professional writing assistance on any subject at any level.
Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.
Get all your documents checked for plagiarism or duplicacy with us.
Get different kinds of essays typed in minutes with clicks.
Calculate your semester grades and cumulative GPa with our GPA Calculator.
Balance any chemical equation in minutes just by entering the formula.
Calculate the number of words and number of pages of all your academic documents.
Our Mission Client Satisfaction
This is the worst company to ever do business with I gavw them all my papers they to pay 20.00 they have had my assignment for a whole week a day before the assignment is due they said it will be 180 .. I’m like a 180 are you serious why. ? I’m ...
Good Work! Thank you for the effort. I passed the course with a good appreciation. The tutor was quick to respond and the quality of work is amazing
I thank you for a job well done. And also the promptness is well recognized and appreciated. Thanks.
I have tried many sites, but I found (My Assigment Help) the best. They submitted me the work before the deadline. so, they are too fast, high quality writing, responsing very quickly. I REALY REALY liked this site.