IJCRT2303659

Download as pdf or txt
Download as pdf or txt
You are on page 1of 6

See discussions, stats, and author profiles for this publication at: https://www.researchgate.

net/publication/375085277

A Study on Students' Preferences and Satisfaction towards boAt Lifestyle


Products

Article · October 2023

CITATIONS READS

0 1,261

1 author:

Subhashree Sivaraman
Parul Universiy
16 PUBLICATIONS 10 CITATIONS

SEE PROFILE

All content following this page was uploaded by Subhashree Sivaraman on 30 October 2023.

The user has requested enhancement of the downloaded file.


www.ijcrt.org © 2023 IJCRT | Volume 11, Issue 3 March 2023 | ISSN: 2320-2882

A Study on Students’ Preferences and Satisfaction


towards boAt Lifestyle Products
Author Details:
MRS. S. SUBHASHREE M.Com., M.Phil., TN SET., Ph.D (Pursuing)
Assistant Professor, Faculty of Commerce,
Parul Institute of Commerce,
Parul University, Vadodara.

Contact Address:
Mrs.S.Subhashree,
C-904, Tulsi Heights,
Opp. L & T Knowledge City,
Madhavpura,
Waghodiya Road, Vadodara – 390019.
Gujarat.

Abstract:
This study talks about the students’ preferences and satisfaction towards boat lifestyle products with
special references to Vadodara city. The main objective of the study is to study the factor influencing the students
towards boAt lifestyle products, to examine the overall experience towards boAt lifestyle products, to find out reason
for preferring boAt lifestyle products and to examine the level of satisfaction of the students towards boAt lifestyle
products. The study concluded that, efforts and resources should properly be utilized to reach out to all types of income
groups to reduce the cost of the product to retain and attract more customers.
Keywords: boAt lifestyle, satisfaction, preferences, quality, brand.
Introduction:
boAt is an India-based consumer electronic brand established in 2015. The company is a lifestyle brand that
deals in fashionable consumer electronics. The main aim of the company was to bring in durable and fashionable audio
products in the market at affordable prices. The company offers wide range of different products that offers well-
designed, innovative, and distinctive fashionable life-style oriented products at attractive prices targeting a young and
addressable audience in India. The company focuses on three important market strategies to create a good consumer
base – consumer’s needs, consumer’s desire and consumer’s buying behaviour pattern. The major advantage of the
boAt life style products is making the target audience remember the brand by establishing a unique position in their
minds by giving them something valuable. Their effect on the market has been so much that the popularity of products
of boAt has forced big giants in the market to lower the price of their products to compete in the affordable audio
segment.
Students’ preference and satisfaction is defined as a measurement of how students are benefiting from the
company’s product, services and capabilities for their audio needs. Students’ responses regarding various factors
influencing for purchase, level of satisfaction includes survey and ratings, that can help a company to determine how
to bring best changes or improvement in their product and services.

IJCRT2303659 International Journal of Creative Research Thoughts (IJCRT) www.ijcrt.org f703


www.ijcrt.org © 2023 IJCRT | Volume 11, Issue 3 March 2023 | ISSN: 2320-2882
Objectives of the study:
1. To study the factor influencing the students towards boAt lifestyle products.
2. To examine the overall experience towards boAt lifestyle products
3. To find out reason for preferring boAt lifestyle products.
4. To examine the level of satisfaction of the students towards boAt lifestyle products.

Research Methodology:
Area of Study : Vadodara
Sample Size : N=100 Respondents
Sample Design : Purposive Sampling method shall be used for data collection.
Source of Data : Both primary and secondary data.
Collection of data : Questionnaire method shall be used for collection of primary data. In this
regard, a structured questionnaire shall be prepared and administered among the sample
respondents. The sources of secondary data comprise of books, journals, periodicals, reports
and websites.
Statistical Tools : Simple Percentage analysis, Ranking technique.

Limitations of study:
1. This study is restricted to Vadodara city only.
2. Only 100 respondents were considered as sample for the study.
3. Respondent opinion may vary time to time due to their dynamic character.

Research Methodology:
Sai pooja et al, (2023), has conducted research study on “Customer satisfaction on boAt products: Consumer
electronic services. The main objectives of the research is to study the customer satisfaction and value and the
performance of the business and to study where industry is lacking behind and how can it improve and it also helps to
understand the satisfaction level of the customers. The study founded that users are satisfied with the product but they
suggest sound would be better with flat responds followed by audio quality with Bolby Atmos.

According to Rajiv Lal and Kairavi Dey (July 2022), boAt began in 2016 as a consumer electronics lifestyle brand
with the goal of bringing affordable, durable, and fashionable audio products and accessories to millennials and Gen-
Z customers in India. boAt began selling 'indestructible' connector cables in 2016 with Amazon India as its sole sales
platform. It expanded into newer categories such as wireless audio, home audio, and smartwatches after beginning
with personal audio. Each category featured custom-designed, reasonably priced products that were backed up by
aggressive marketing and a multi-brand ambassador strategy. It quickly became one of India's first digitally native
brands, with revenues exceeding $65 million, and the world's fifth largest wearable company. It brought in experienced
executives in early 2022 to take the reins and steer the company in the right direction as it prepared to file for an initial
public offering. Vivek Gambhir, the newly appointed CEO, considered the next stage of growth. Would expanding
into new categories help the boAt brand? How should they consider utilising offline channels? Finally, should boAt
think about expanding internationally?

Lakshya Singh and Amit Kumar Agrawal (October 2022), their case illustrates boAt's expansion in the Indian
market as a result of India's rapidly expanding customer base in the tech and audio industries. This case highlights all
of the factors to be considered as well as the business decisions to be made while expanding in the market. The
challenges that boAt faced after entering the market, as well as the company's business decisions to overcome those
challenges, are also discussed. This case teaches students about the dynamics of expanding in a competitive market in
order to maintain growth and maximise profits.

Sheela Bhargava and Parul Gupta (August 2022), stated that boAt Lifestyle, founded in 2016, is a Delhi-based
Indian startup in fashionable consumer electronics. boAt has made remarkable profits over the last five years and
emerged as one of the most promising startups thanks to its innovative product offerings and promotion. It promoted
its products through social media marketing, such as influencer marketing and brand tie-ins with sports teams and
music events, in order to reach its target customer segment, millennials. The case examines the dynamics of the Indian
IJCRT2303659 International Journal of Creative Research Thoughts (IJCRT) www.ijcrt.org f704
www.ijcrt.org © 2023 IJCRT | Volume 11, Issue 3 March 2023 | ISSN: 2320-2882
wearables market, which is facing stiff competition from both global and domestic players. To ensure continued
growth prospects while maintaining a tight focus on product differentiation, quality, and customer satisfaction, boAt
must rethink its market development and growth strategies in terms of new innovations and adopting long-term
orientations such as diversification and global expansion.
Result and Discussions:
Table.1.General profile of the Respondents
Variables Classification No. Of. Respondents Percentage (%)
Age Below 15 years 10 10
16 – 20 years 18 18
21 – 25 years 54 54
26 – 30 years 16 16
Above 31 years 2 2
Gender Male 72 72
Female 28 28
Educational School 12 12
Qualification UG 60 60
PG 16 16
Others 2 2
Awareness about TV Ads 3 3
boAt Lifestyle Social Media Ads 44 44
Products Friends 39 39
Others 14 14
Mode of preference Through Online 36 36
of purchase Through Offline 9 9
Both online and 59 59
offline
Overall experience Excellent 32 32
Good 65 65
Average 3 3
Bad 0 0
Source: Primary data
The above table states that majority (54 percent) of the respondents belong to the age group between 21 to 25
years, more than (72 percent) of the respondents are male, majority (60 percent) of the respondents are under graduates,
majority of the respondents are aware about boAt life style product through Social Media advertisement, mode for
preference of purchasing boAt lifestyle product majority (59 percent) is prefer both in Online and Offline and majority
(65 percent) of the respondents says that overall experience of boAt life style product is good.

Table.2. Type of product prefer in BoAt Life -Style Products


Feature Percentage of respondents (%)
Wireless headphones 72
Earbuds 91
Speakers 57
Smart Watch 67
Other 10
Source: Primary data
The table shows that majority (91 percent) respondents prefer to purchase ear buds, followed by wireless
headphone was preferred by respondents (72 percent), (67 percent) of the respondents prefer smart watches, (57
percent) prefer speakers and (10 percent) of respondents will prefer other products.

IJCRT2303659 International Journal of Creative Research Thoughts (IJCRT) www.ijcrt.org f705


www.ijcrt.org © 2023 IJCRT | Volume 11, Issue 3 March 2023 | ISSN: 2320-2882
Table.3. Factors influencing to purchase BoAt Life -Style Products
Feature Percentage of respondents (%) Rank
Quality 89 II
Affordability 79 III
Reliability 75 IV
Availability 90 I
Source: Primary data
The table shows that availability of the products was ranked as first (90 percent), followed by quality of the product
was ranked as second with 89 percentage, affordability was ranked as third with 79 percentage, and reliability ranked
as fourth with the 75 percentage.

Table. 4. Level of satisfaction towards BoAt Life -Style Products


Feature HS S N DS HDS Score Rank
Style / Look 75 15 5 5 - 192 VIII
of Product
Quality of the 8 51 19 20 2 262 I
product
Battery life 9 71 19 1 - 218 VI
Durability 20 43 31 3 3 216 VII
Comfortability 31 35 23 11 - 222 V
Functionality 7 55 25 13 - 238 IV
Affordability 23 37 15 25 - 248 III
Variety 9 71 19 1 - 258 II
Source: Primary data
The above table reveals the level of satisfaction of the respondents towards boAt lifestyle products. Respondents were
highly satisfied with quality of products, and they were ranked as first. Respondents were satisfied with variety,
affordability and functionality of product as they were ranked as second, third and fourth respectively. Comfortability,
battery life and durability were ranked as fifth, sixth and seventh respectively and style or look of the product is ranked
as eighth.
Majority of the respondents were highly satisfied with quality of the product.

Findings of the Study:


 Majority (54 percent) of the respondents were of 21 to 25 years of age.
 Majority (72 percent) of the respondents were male.
 Majority (60 percent) of the respondents were under graduates.
 Majority (44 percent) of the respondents were aware about boAt life style product through social media
advertisement.
 Majority (59 percent) of the respondents prefer to buy boAt life style product both in online and offline.
 Majority (65 percent) of the respondents over all experience about boAt lifestyle product is good.
 Majority (91 percent) of the respondents prefer to purchase earbuds from boAt Lifestyle products.
 Availability of the product ranked as first for the factors influencing respondent to purchase boAt lifestyle
products.
 Majority of the respondents were highly satisfied with quality of the product.

Recommendation:
 The majority of the respondents fall under the student category, so company can segment the product and target
age group of above 30 more.
 The company can increase sales on smart watchers, battery, and others.
 Respondents feels that cost of the product under boAt life style is too costly. It is recommended to the company
that they can offer product at low cost so that all type of income group people can prefer to purchase more.

IJCRT2303659 International Journal of Creative Research Thoughts (IJCRT) www.ijcrt.org f706


www.ijcrt.org © 2023 IJCRT | Volume 11, Issue 3 March 2023 | ISSN: 2320-2882
Conclusion:
The Study on Students’ Preferences and Satisfaction towards boAt Lifestyle Products concluded that the target
market perceived the features of boat lifestyle products just as the brand wanted to position itself. The study found
that majority of the respondents were highly satisfied with the quality of a product. Majority of the respondents’ overall
experience in using boAt lifestyle product was good. The study concluded that, efforts and resources should properly
be utilized to reach out to all types of income groups to reduce the cost of the product to retain and attract more
customers.

References:
1. Sai pooja, Luyfiyah, Nithitha et al. (2023), “A Study on Consumer Satisfaction on boat Products: Consumer
Electronic Services”, International Journal for Innovative Research in Multidisciplinary Field, Vol. 9 No. 2,
February 2023.
2. Lal, Rajiv, and Kairavi Dey. "boAt Lifestyle." Harvard Business School Case 523-019, July 2022.
3. Singh, L. and Agrawal, A.K. (2023), "A case study on marketing strategy of boAt", , Vol. 19 No. 2, pp. 117-136.
https://doi.org/10.1108/TCJ-06-2021-0087.
4. Bhargava, S. and Gupta, P. (2022), "BoAt: the Indian startup scripts a revolutionizing growth strategy", , Vol. 12
No. 2. https://doi.org/10.1108/EEMCS-09-2021-0318.
5. https://www.analyticssteps.com/blogs/success-story-boAt.
6. https://prezi.com/p/hktisvguf4vz/boAt-presentation/.

IJCRT2303659
View publication stats
International Journal of Creative Research Thoughts (IJCRT) www.ijcrt.org f707

You might also like