Vishal Project
Vishal Project
Vishal Project
2 Review of Literature
2.1 Literature Review 8
2.2 Business development strategies 9
2.3 Promotiona Strategies 11
2.4 Segmentation,Targeting & Positioning 15
2.5 Competitor Analysis 16
2.6 Competitor Reach 16
2.7 Market Leader Analysis 19
2.8 SWOT Analysis 22
3 Research Methodology
3.1 Need of Study 23
3.2 Objective of study 23
3.3 Questionnarie 24
3.4 Data Collection methods 24
3.5 Sampling Design 24
5 Findings 35
7 Refrences 37
8 Questionnarie 38
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INTRODUCTION
At CL Educate we 'enable individuals to realize their potential and achieve their dreams'. This
is our core ideology and is firmly grounded on our focus on academic excellence,
technological innovation, and domain expertise built over close to two decades. In the past 19
years, the CL brand has diversified and stabilised itself as a recognized brand in education
sector. We operate across a broad spectrum of segments in the education industry, including
test preparation, K-12 education and vocational training.
As on July 15, 2017, we had 225 test-prep centers spread over 86 cities in India, 8 K-12
schools spread across 6 cities & 28 vocational training centers and offices. We are committed
to delivering quality education to all our students across the various segments mentioned
above. As part of our global expansion, we also have test-prep centers operational in the UAE
currently.
VISION:
MISSION:
OBJECTIVE:
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About the Project- “Market Analysis & Competitor Analysis of CL
Educate Ltd.”
CL educate ltd. has been in the existence since 1995. It has nice grip over the market as
compared to its counterparts. Educational services and old players like T.I.M.E, BULLS
EYES and EDU CORP are present there. The project has been undertaken by keeping
business development of the organizations as the prime focus. The project report will give the
organization a view of the current market trends. The fact and information provided in the
report would give the company opportunities to expand their business & counter the threats
of its competitors. It will help the organization increase its efficiency by learning effective
promotional strategies implementing them & shelving old ones.
Product development at the organization meeting the changing requirements of the customers
will be taken into consideration during the course of the project. As during the project I will b
involved in selling & marketing of the organization products, it will also help me to
understand the consumer buying behavior. S.T.P analysis would be done to explore new
segments thereby providing the company with an opportunity of Business development and
hence increasing their market share. Surveys conducted towards the end would help us to
know customer satisfaction level, and effectiveness of current promotional tools used by the
company. Apart from this, it will also help me in shaping my knowledge about the education
sector.
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Product features:
I. Management - This stream deals with all the management courses at the undergraduate
Level. Courses which fall under this stream are BBS, BBA, BFIA &BBE. BBS is the
management degree provided by Delhi University (D.U).The same management degree
provided by Indraprastha University is known as BBA. One major difference between both
these courses is that for writing a BBS exam a student compulsorily needs to have
mathematics as one of his subject in class 12th. A BBS/BBA provides students with
knowledge of business environment & managerial skills required to survive in the business
world. BBE degree is the study of business economics. It is the learning of product &
services of the country & gives an idea of economy. BFIA degree stands for Bachelors in
Finance & Investment Analysis. This course was designed by the chief mentor Mr. Virendra
Khanna himself. It is more towards financial learning of management. All the above
courses are professional degree courses having more weightage in the market as
compared to other traditional degree courses. A professional degree course guarantees a job,
while a traditional degree course has to be completed by undertaking a professional course to
find a job. Being a professional course it ensures a healthy balance between theoretical
foundation and practical exposure to the present day business world. It transforms a student
into a corporate personality.
II. Law - Law preparation is for students who plan to become a legal advisor, corporate
lawyer, Magistrate, Judge, Litigation expert etc. Degrees which fall under this course are
LLB, BALLB, and BBALLB. For law preparation there are separate modules for legal
aptitude which is added to the syllabus. For this module separate workshops are arranged in
the middle of the course for the students.
III. Media - This course is widely popular among youngsters. A student opting for this
course can land of become a TV reporter , Journalist , Film editor , Radio jockey , script
writer , wildlife photographer ,etc. Degrees falling under this course are BMMMC, BJMC.
This stream mostly attracts the female customers.
IV. Hospitality - career options in hospitality industry are Front desk executive , food
connoisseur , PR executive , Chef , etc . Special 10 workshops are arranged for this course.
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Products & Prices:
PRODUCT PRICE
BBA/BBS/BFIA/BBE 17,100
LAW EXPRESS 27,100
LAW SPAN 93,000
LAW PLUS 70,000
MEDIA 19,900
B.C.A 19,900
HOSPITALITY
19,900
SMART CLAT Cracker 9,999
MBA 2018 (W/D) 47,900
MBA 2018 (W/E) 50,700
The Management product (i.e., BBA/BBS/BFIA/BBE) is priced at Rs. 17,100 at all its 19
centers. A customer buying it can prepare for any or all of the four courses together at the
same price. Law, Media, B.C.A & Hospitality packages are each priced at Rs. 17,100+2500=
19,600 if purchased alone. A customer buying two of these courses together can get it at a
discounted price of Rs. 13,900 i.e. for each additional course on the package he needs to pay
Rs. 2,500 extra.
· Test Gym
· All India Test Series · Smart Cat Cracker · SIS
Mobile App
CLAT mobile app
GK foundation app
Smart CLAT Cracker
IIM Profiler
PracticeTest Gym
All India Test Series
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Objective Of Study:
• To understand the promotional strategies used by market leaders & identifying the
strategy best suited for the organization.
• Critical Competitor analysis to make peer comparisons of the companies strategies.
• To Cricitally analyze the Feedback regarding the existing products of CL Educate
Ltd.
The project taken is very vast so considering the accuracy of all the aspects as required by the
study is a major limitation. However, every attempt will be made to overcome any flaw
which might occur due to this. Certain other factors which can form drawbacks to the
conclusions of the project are:
Reach - The Company covers Chandigarh Tricity region, it doesn’t go beyond that.
Finance issues - The Company is not funded by outside source and due to this problem it has
limited resources to offer during various Business deals.
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Review Of Literature
Sujit Bhattacharyya
Sreenivasan .R
How the private organizations are coming with the different technical aspects
regarding the mentoring programme (basically for CAT,LAW).
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Business development strategies:
As a part of business development strategy various activities like Board center activity, public
relations, would be conducted throughout Chandigarh Tricity in order to reach the target
audience. Collection of information from all possible sources to understand the organization
products, competitor offerings would be done. Promotional techniques used by them would
be studied.
Profiling
Collection of primary & secondary data, its analysis & profiling of the potential customers
would be done by telecalling
Ghost shopping
In order to gain insights of the strategies of competitors a study would be conducted to gain
knowledge about the business model of various competitors like T.IME,MBA GURU,
ALHEMIST etc. On its basis competitive promotional strategy for Career launcher would be
developed. Ghost calls would be made to understand the products of competitors and their
unique selling point.
Relation building
Interacting with school and college students and their parents in order to get an idea of what
all they expect from an institute preparing for undergraduate programs like LAW-CLAT,
AILET, SET, ULSET, LSAT, CET and Management- CET, IPM, JET, NPAT etc. For after
graduation programs (MBA) like CAT, XAT, SNAP, IIFT, MHCET and GMAT entrance
exam and also to brief them about various options one has after Graduation.
Direct Sales:
Individual counseling of parents & students would be done to brief them about the product &
services offered by the company & ultimately make the enrollments by convincing them
about the products. This will benefit the company financially .
Organizing seminars in schools and colleges so as to attract more and more students. We
have also organize Career Junction which is a career counselling session and IPM, Law
seminar at Constitution Club of India. It is the most effective form of advertisement where we
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get to attract with very interested candidates.
This is an activity, which forms the backbone of the whole marketing strategy of this
company. This is the only one biggest way through which Career Launcher makes itself
visible to its potential customers. Board Center Activity includes spotting the important board
centers, which cover the schools from where maximum walk-ins of students (revenue) can be
generated. This activity is highest contributor to the sales of the company. This is one activity
which consumes maximum investment of the company and also involves a lot of strategizing
which impacts all the activities of the company for yearlong.
Cold Calling
Under this activity I make an unsolicited visit to all tuition players in a particular center, in an
attempt to make them partner so that they can recommend students for our center and in
return they will be getting a referral amount.
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INTRODUCTION TO PROMOTIONAL STRATEGIES
The major work that I was assigned was to understand the company objectives, its customers,
company limitation and then to decide a marketing strategy for the organization which would
increase its brand awareness and ultimately lead to its business development.
Above the line is a type of advertising through media such as TV, cinema, radio, print,
banners and search engines to promote brands. Major uses include television and radio
advertising, web and Internet banner ads. This type of communication is conventional in
nature and is considered impersonal to customers. It differs from Below the line advertising,
which believes in unconventional brand-building strategies, such as direct mail and printed
media (and usually involve no motion graphics).These strategies require huge amount of
investments and are majorly Capital intensive.
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Below the line sales promotions
These are short-term incentives, largely aimed at consumers. With the increasing pressure on
the marketing team to achieve communication objectives more efficiently in a limited budget,
there has been a need to find out more effective and cost efficient ways to communicate with
the target markets. This has led to a shift from the regular media based advertising. These
strategies involve high level of ground work involving manpower and hence are more of
Labor intensive.
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Before starting promotions, sales forecast is done to decide the amount to be spent on the
promotions based on the revenue expected from the product. Successful advertising depends
on knowing the preferred methods and styles of communications of the target markets that
has to be reached with the ads.
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STEPS FOR DEVELOPING PROMOTIONAL STRATEGY :
The steps involved in developing strategies for SMART CAREERS can be enumerated as:-
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SEGMENTATION, TARGETING & POSITIONING OF CL EDUCATE:
SEGMENTATION :
A segment is a group sharing one or more characteristics that cause them to have similar
product and/or service needs.
A true market segment meets all of the following criteria:
• It is distinct from other segments (different segments have different needs) • It is
homogeneous within the segment (exhibits common needs) • It responds similarly to a market
stimulus • It can be reached by a market intervention
BASIS OF SEGMENTATION
SEGMENTATION :
Smart Career defines its segment on the basis of Demographic Variables, i.e. age, education
and income. The management coaching is provided at undergraduate level, so students are
required to be segmented on their age i.e.; 17-18 age group, their educational specialization
i.e. Science, Commerce, and Arts etc. Income of family helps to segment the students and
thus facilitates Smart Careers to plan its target audience more accurately.
TARGETTING :
For any organization serving all the segments is not possible , so specific segments have to be
targeted which can be most beneficial for the organization .Smart Careers decides its target
audience to be students of Class 12th which comprises of commerce students who are
interested in management courses, that is, mainly students who do not expect a percentage
beyond 95%. Apart from this, students with specific interest in Law, Media, Hospitality, etc.
are also targeted .The parents of these students act as the Opinion leaders and Decision
makers & at a later stage in the season as target audience too.
POSITIONING :
It is the process by which marketers try to create an image or identity in the minds of their
target market for its product, brand, or organization. Most of the competitors serve more than
one segment, with no clear positioning of a specialist management coaching institute. Many
players have positioning in terms of Quality-Prices model, others on basis of faculty and so
on, but no player in the market specifically focuses on management coaching at
undergraduate level. This forms as the core advantage of the product and the service provided
at Smart Careers. So, the company decided to position itself as the “Only specialist institute
for management coaching at undergraduate level”
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COMPETITOR ANALYSIS
In utilizing competitor analysis as part of strategy formulation, firms are able to adapt or
build their own strategies and be able to compete effectively, improve performance and gain
market share in their businesses. In a large number of instances, firms are able to tap new
markets or build new niches. In any business the main motive is to offer something better
than the competitor.
Competitor's objectives,
Competitor's assumptions,
Competitor's strategy,
Competitor’s resources and capabilities
Competitor analysis under post graduate program (MBA)
Competitors Reach:
NAME: LOCATION:
T.I.M.E NATIONAL
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COMPETITOR’S PRODUCTS :
NAME: PRODUCTS:
ABOUT T.I.M.E.
According to T.I.M.E. It is the first institute to offer all-India Mock CATs on the lines of the
new cat on the line of new pattern, true to its reputation of being the fastest to adapt to the
changing CAT. The testing interface of T.I.M.E. AIMCATs and other practice tests is
modeled on the same lines as CAT pattern. T.I.M.E. is offering different formats of online
tests like BITSAT, GRE test, GMAT Exam and TOEFL, Ibt to its students.
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T.I.M.E. OFFERINGS (Computer-based test package)
Triumphant Institute of Management Education Pvt. Ltd. (T.I.M.E.) is India's leading test-
prep institute with a pan-India presence and is headquartered at Hyderabad. Established in
1992, T.I.M.E. today operates out of 236 offices located in 112 towns and cities across the
country. Over 40 IIT/IIM graduates form part of the core team at T.I.M.E.
Started in a small room of 120 square feet on 26th May, 1992 in Hyderabad with one center,
T.I.M.E. has just completed 20 years of service to the student community – helping to build a
few hundred thousand careers along the way. From one office to 236 offices has been a long
and satisfying journey for T.I.M.E.'s promoters who had chucked their high flying corporate
jobs to pursue their dream and passion.
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MARKET LEADER ANALYSIS
From the facts & information collected from various primary & secondary sources, it is quite
clear that T.I.M.E, MBA Guru & Alchemist are the top competitors of CL Educate Ltd.
Profiles of the following institutes have been given below.
EDU CORP. :
3. Student can attend the class according to his/her own wish as its open for all day and
there are no specific batches
• PRICING – The pricing of Alchemist products are slightly high as compared to other
players in the market. Its pricing strategy is mainly dependent on
Demographic factors (mainly income): Price of their cat product is INR 52000 Course
Duration for current batches-till 31 march 2017 Mentor ship- Claiming that they provides
individual mentors to the aspirants.
TIME:
3. Conducting the scholarship test for every candidate who gets into TIME. It depends
on students’ performance of getting the fee waiver from 0-90%
4. If we consider CP as research location then they are running the CAT 2017-18 classes
at Chandigarh 35 & CAT 2017-18 classes at Chandigarh 34.
5. Classroom courses- Super Long Term-for more than 12 months Long Term-3-12
months Crash course- less than v3 months
BULLS EYES:
1. It is having 5 centres in Chnadigarh
4. Designed a adaptive report card (hard copy) to analyse the students performance.
9. Also offers- B School sessions, awarness class, books, Workshopsvedic maths &
vocab+rc
FEE STRUCTURE
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BULLS EYES FEE STRUCTURE:
Approx Total Market Size = 11000 Nos. (On the basis of No. of Enrollments)
Career Launcher : 36%
TIME : 30%
EDU CORP. : 9%
BULLS EYES : 25%
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SWOT ANALYSIS:
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RESEARCH METHODOLOGY:
To Extract the most relevant factors of CL competitor’s and study the market of CL Educate.
1. To understand the promotional strategies used by market leaders & identifying the strategy
best suited for the organization.
2. Critical Competitor analysis to make peer comparisons of the companies strategies.
3. Feedback regarding the existing products of CL Educate Ltd.
Recommendations and
Corrective Actions
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Questionnarie
As we know that the most convenient kind of measure to use for almost any psychological
purpose is a pencil-and-paper test in the form of a questionnaire. Such tests can be given
cheaply and quickly to large groups of people, hence used in our survey is a questionnaire
prepared keeping in mind five major criteria affecting satisfaction of an employee in our
organization.
Types of Questionnaire:
We have used a close ended questionnaire revealing the intentions and results of the
survey to both parties involved.
Data Collection :
Sources of Data Collection:
Primary Data
Internet
Newspaper and Editorials
Sampling Design :
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DATA ANALYSIS AND INTERPRETATION :
• CAT/Management
• LAW
• Media
• H.M
• Others
Enrollment
CAT/Manage
ment
Law
Media
H.M
Others
Interpretation:
The data shows that 58% enrolled for LAW, 22% for CAT,11% for H.M, Media 8% and
others 1%.
Analysis:
Majority of students enroll in CL for LAW and CAT.
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Q2. What did you like most about Career Launcher?
• Faculty
• Test Series
• Study Material
• Others
Like Most
Faculty
Study
Material
Test Series
Interpretation:
Data shows that 55% likes Test Series,30% likes Faculty,10% likes Study Material and 5%
others.
Motivation
Yes
No
Interpretation:
Data shows that 72% students gets Motivation from teachers where 28% don’t.
Analysis:
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Teachers are good Motivators.
Q4. Did the Higher Authority communicate important information timely.
• Always
• Never
• Only when asked
Circulation of Information
Always
Never
Only when
asked
Interpretation:
Data shows that 55% students says that the higher authority communicate all information
regularly , 35% says that information is provided only if asked.
Analysis:
Higher authority are more likely to circulate informations to the students.
• Yes
• No
Syllabus Coverage
Yes
No
Interpretation:
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Data shows that mostly the syllabus is covered on time.
• Yes
• No
Doubts Solving
yes
no
Interpretation:
Data shows that doubts are resolved by the faculties in efficient manner .
• Yes
• No
Yes
No
Interpretation:
Data shows that there were sufficent classes alloted for all subjects.
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Q8. Were classes held on time?
• Yes
• No
Yes
No
Interpretation:
Data shows that mostly the classes are held on time as 75% says yes where 25% says no.
• Good
• Very Good
• Poor
• Average
Faculties
Good
Very Good
Poor
Average
Interpretation:
Data shows that Faculties are 29% very good,43% Good,14% Aveage and rest 14% as Poor.
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Analysis : CL do have experienced faculties but they need to train faculties to meet the
expectation of students
Q10. How do you rate Study Materials?
• Good
• Very Good
• Average
Study Materials
Good
Very Good
Average
Interpretation:
Data shows that 71% students rated Study Material as Good, 14% as Very Good rest 15% as
Average.
Analysis: CL provides adequate Study Maretial which are efficient for the students.
• Good
• Very Good
• Average
Test Series
Good
Very Good
Average
Interpretation:
Data shows that 55% Students rated test series as Good,40% as Very Good and 5% as
Average.
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Analysis: CL Test Series are effectieve for the students and hence liked by the students.
Q12. How do you rate Infrastructure?
• Good
• Average
• Poor
Infrastructure
Good
Average
Poor
Interpretation:
Data shows that 57% rated CL Infrastructure as Poor,32% as Average and 11% as Good.
Analysis: Cl must improve their infrastructure as the class rooms must have sufficient spaces
and facilities for better environment.
Yes
No
Interpretation:
Data shows that 57% students says that Yes their problems were taken Seriously and 43% are
against.
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Analysis:Faculties must provide the adequate solution for the problems to encourage
students.
Q14. Do you like the management of Career Launcher?
• Yes
• No
Like Management of CL
Yes
No
Interpretation:
Data shows that 60% are in favour of Management whereas 40% are against Management.
Refer CL to Friends/Relatives
Yes
No
Interpretation:
Data shows that 71%wants to refer Career Launcher to their Friends/Relatives.
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LEARNING FROM THE PROJECT
By far the project has given me immense exposure of the marketing environment & the
education sector. There has been learning at each stage of the project. Lot of responsibilities
during the project has helped me to explore the industry completely. Few of my learning at
the organization have been listed below:
From BUSINESS:
From INDUSTRY:
A little variation in the pricing strategy of the competitors may divert lot of
customers. So, a continuous check over competitor’s products & prices should be
kept. Industry is very elastic.
In an education industry which has a seasonal operation, promotional strategies are
needed to be updated almost every other day to have an edge over the competitors.
Advertising in the form of educational newspapers is the best marketing tool in the
education industry.
A good mix of capital intensive & labor intensive techniques should be used in the
promotional activity & it should be influenced by the demographic factors.
Quality of service should be the last resort of any organization.
While deciding on promotional strategies or distribution material, nothing should be
left on the customer to comprehend; a simple language creates a greater amount of
response rather than using bombarded words.
In outdoor publicity activity is always mentally and physically tiring, hence rotation
of workforce to different centers is important to reduce monotony in work.
Promotional activities are all about response generation. During this, the masses
should get a strong reason to respond.
From CUSTOMERS:
Customer relationship management with new, existing & also with those customers
who reject the product.
Understanding customer needs & dealing with them differently.
Profiling of potential customers.
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Other Learning:
Grooming personality
Time management
Team management skills
Team player & leadership skills
Communication & interpersonal skills
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FINDINGS:
1. Research shows that majority of students enrolled opted for BBS/BBA (Management)
course .Development of this particular product stream can be thought of as it accounts
for almost 80% revenue generation.
2. Since Media & B.C.A products did not get enough public response, new streams such
as fashion designing, M.B.A, B.Eled. , Bank P.O, etc. courses can be considered for
inclusion in the product range.
3. After interviewing parents it was found that the major factors which influence their
decision of choosing a coaching institutes are :
• Quality of education ( past records , brand image )
• Product price
• Infrastructure
• Course features
• Faculty qualification
• After sales service
4. Tools like sponsoring events, conducting school counseling and conduction of carries
counseling seminars may increase the interaction of students with the organization.
5. According to the students, the syllabus of most of the subjects was not completed on
time and sufficient number of classes was also not allocated to most of the subjects.
This has led to students not referring Smart Careers to their friends and relatives; this
is a very serious issue on which Smart Careers has to pay much heed on.
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Conclusion & Recommendation:
• The company is having its good brand image in the market and through the different
tie ups, promotional activities, Scholarship test we can increase the business at less
profitable centers.
• We can work on our attrition rate because familiar trainers and staffs play the major
roles in every year admission
• Incentive based sales will ensure quality work & hard work from the workforce.
• Majority (say, 60 %) of the workforce in the organization is part time or full time
interns. Recruitment of the workforce is done on a random basis as the company
doesn’t have a responsible H.R division. With permanent employees in the
organization cost of training the new employees can be saved.
• Incentive based sales will ensure quality work & hard work from the workforce.
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References:
Booklets:
• Information booklet of career launcher
• Information booklet BULLS EYES.
• Information booklet of T.I.M.E
• Information booklet of EduMentor
• Times of India, New Delhi, Bennett, Coleman & Co Ltd.
• Career & Education Times, New Delhi
• Hindustan Times, New Delhi, Birla Group
Websites:
• http://www.en.wikipedia.org
• www.careerlauncherindia.com
• http://edumentor.co.in/
• http://bullseyes.com
• http://www.time4education.com/cat14home.asp
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Questionnarie:
• CAT/Management
• LAW
• Media
• H.M
• Others
• Faculty
• Test Series
• Study Material
• Others
• Yes
• No
• Always
• Never
• Only when asked
• Yes
• No
• Yes
• No
• Yes
• No
• Yes
• No
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Q9.How do you rate overall faculty?
• Good
• Very Good
• Poor
• Average
• Good
• Very Good
• Average
• Good
• Very Good
• Average
• Good
• Average
• Poor
• Yes
• No
• Yes
• No
• Yes
• No
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