Kshitij Srivastava
Kshitij Srivastava
Kshitij Srivastava
On
Session 2021-2022
School of Management
I do hereby declare that all the work presented in the research report entitled “A
and being submitted at the school of management for the award of Master of
work is carried out under the guidance of Dr. Afeefa Fatima (faculty guide). It hasn’t
been submitted at any other place for any other academic purpose.
KSHITIJ SRIVASTAVA
ACKNOWLEDGEMENT
It gives me massive joy to thank each one of the individuals who have helped me
Banarasi Das University, Lucknow for having allowed me the consent to work for this
Research Report. I might want accept this open door to communicate my profound feeling
Banarasi Das University, Lucknow for her suffering motivation, direction, intriguing
proposals, entire hearted backing and all her momentous tolerance, honorability and
important tribulations. I recall with the feeling of extraordinary completion Prof. Dr.
Sushil Pande (Dean) School of Management, Babu Banarasi Das University, Lucknow
important support and collaboration. I accept this open door to communicate my genuine
Lucknow for their bunch backing and co-activity during my examination work.
At last, I additionally owe a lot to my Dear Father, Dear Mother, Husband Mother in law
and generally speaking my darling child for holding on for my distraction with this
examination report and solidified help and support. By and by, I thank who legitimately
KSHITIJ SRIVASTAVA
PREFACE
Research Report is an important a part of the Management studies. It gives the student to
discover the precious treasure of experience and an exposure to actual paintings culture
observed by the industries and thereby assisting the scholars to bridge gap among the
recognize the actual world in which he has to paintings in future. The theories greatly
decorate our knowledge and provide possibilities to blend theoretical with the sensible
expertise where researcher receives familiar with certain factor of research. I feel proud to
This basis for this research originally stemmed from my passion for developing better
methods of data storage and preservation. As the world moves further into the digital age,
generating vast amounts of data and born digital content, there will be a greater need to
access legacy materials created with outdated technology. How will we access this
content? It is my passion to not only find out, but to develop tools to break down barriers
In truth, I could not have achieved my current level of success without a strong support
group. First of all, my parents, who supported me with love and understanding, and
secondly, my committee members, each of whom has provided patient advice and
guidance throughout the research process. Thank you all for your unwavering support.
TABLE OF CONTENT
Certificate i
Plagiarism Certificate ii
Acknowledgement iii
Preface iv
1) Introduction 1
2) Review of Literature
3) Company profile
5) Research Methodology
7) Findings
8) Conclusion
11. Bibliography
12. Annexure
CHAPTER 1
INTRODUCTION
1
INTRODUCTION
A lot of research exists on the consumer buying behaviour and consumer satisfaction.
the current business world. Also, various researches and studies have been done to
their own experiences. The modern methodologies of educating and learning are
through the dynamic cooperation of students. They direct their students to discover
answers for an issue. Educators utilize present- day conveniences like projectors, various
media helps, and online classes for educating. The way of teaching and learning has been
continuously changing in the past few years. The teacher or faculty is not just content
providers, they are now mentored and guide. Students need to develop critical thinking,
videos has been a great way to develop these skills and digital technology is playing a big
role in creating and delivering such interactive videos. There has been a shift in demand
in the learning experience, parents and students are more comfortable with online
learning since it can be accessed from anywhere and anytime. As valuation touches $8B,
BYJU’S become the 3rd largest unicorn in India as of January 2020. BYJU’S is leading
March 2019. The company has been growing at a rate of 100% year on year for the last
three years. It has 3 million subscribe users in India. BYJU’S is solving the core problem
in the Indian education system by providing quality content across the nation through the
internet which is accessible to most of the population. This paper aims at determining the
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satisfaction of subscribers for BYJU’S products. It focuses on a group of primary and
higher school going students and analyzes their feedback on using BYJU’S products.
STATEMENT OF PROBLEM
E-learning being completely new to India and growing popularity of smart phones and
internet connectivity has given a platform to digital education. BYJU’S app is subscribed
by 3 million people all over the Country. So this study is for analyzing the reasons for
their satisfaction. Now in the market exists several competitions among different e-
learning apps. In this situation it is very important to know whether the subscribers of
mathematics exams in 2006.In 2011, he and his wife founded an educational company
with the help of his students offering online video-based learning programs for the K-12
segment as well as competition exams. In 2012, Think and Learn entered both Deloitte
Technology Fast 50 India and Deloitte Technology Fast 500 Asia Pacific ratings and has
been present there ever since In August 2015, after 4 years of developments, the firm
launched BYJU’S: The Learning App. In 2017, Think and Learn launched BYJU’S Math
App for kids and BYJU’S Parent Connect app to help parents track their child’s learning
course. By 2018, it had 1.5 cr (15 million) users and 900,000 paid users. In July 2019,
BYJU’S won the sponsorship rights for The Indian cricket team jersey, replacing its
former sponsor OPPO. Shah Rukh Khan is the brand ambassador for BYJU’S.
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It also trains students for examinations in India such as IITJEE,NEET,CAT,IAS and
international examinations such as GRE and GMAT. Academic subjects and concepts are
explained with 12-20 minute digital animation videos. BYJU’S reports to have 4 crore
(40 million) users overall, 30 lakh (3 million) annual paid subscribers and an annual
retention rate of about 85%. In 2019, the company announced that it would launch its app
in regional Indian languages . It also planned to launch an international version of the app
programs in its Early Learn App for students of kindergarten as well. In April 2021, the
company also announced the launch of “BYJU’S Future School” to be led by Founder
WhiteHat Jr and Karan Bajaj. The Future School aims to cross the bridge from passive to
active learning with an interactive learning platform blended with coding and other
subjects like Math, Science, English, Music and Fine arts through storytelling. BYJU’S
will launch the Future School in the USA, UK, Australia, Brazil, Indonesia and Mexico in
May.
and commerce. Marketers can direct their product to other businesses (B2B marketing) or
directly to consumers (B2C marketing). Regardless of who is being marketed to, several
factors apply, including the perspective the marketers will use. Known as market
orientations, they determine how marketers will approach the planning stage of
and is the business process of identifying, anticipating and satisfying customers’ needs
and wants.
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DEFINITIONS OF MARKETING
offerings that have value for customers, clients, partners, and society at large”.
Philip Kotler defined marketing as “Satisfying needs and wants through an exchange
process”. And a decade later defines it as “a social and managerial process by which
individuals and groups obtain what they want and need through creating, offering and
profitably".
Marketing is “a set of processes that are interconnected and interdependent with other
Marketing can be defined as “the management process that seeks to maximise returns
competitive advantage”.
MARKETING MIX
The term ‘marketing mix’ is a foundation model for businesses, historically centred on
product, price, place, and promotion (also known as the “4 Ps”). The marketing mix has
been defined as the “set of marketing tools that the firm uses to pursue its marketing
The 4Ps of marketing is a model for enhancing the components of your “marketing mix”
– the way in which you take a new product or service to market. It helps you to define
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your marketing options in terms of price, product, promotion, and place so that your
PRODUCT
Product refers to the item actually being sold. The product must deliver a minimum level
of performance; otherwise even the best work on the other elements of the marketing mix
PRICE
Price refers to the value that is put for a product. It depends on costs of production,
segment targeted, ability of the market to pay, supply – demand and a host of other direct
and indirect factors. There can be several types of pricing strategies, each tied in with an
overall business plan. Pricing can also be used a demarcation, to differentiate and enhance
PLACE
Place refers to the point of sale. In every industry, catching the eye of the consumer and
making it easy for her to buy it is the main aim of a good distribution or ‘place’ strategy.
PROMOTION
Promotion refers to all the activities undertaken to make the product or service known to
the user and trade. This can include advertising, word of mouth, press reports, incentives,
commissions and awards to the trade. It can also include consumer schemes, direct
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FUNCTIONS OF MARKETING
MARKETING PLANNING:
In order to achieve the objectives of an organisation with regard to its marketing, the
Product designing plays an important role in product selling. The company whose product
is better and attractively designed sells more than the product of a company whose design
happens to be weak and unattractive. In this way, it can be said that the possession of a
that it is not sufficient to prepare a design in respect of a product, but it is more important
to develop it continuously.
colour, raw material to be used, etc., in respect of a particular product. By doing so, it is
Packaging aims at avoiding breakage, damage, destruction, etc., of the goods during
transit and storage. Packaging facilitates handling, lifting, conveying of the goods. Many
Packing material includes bottles, canister, plastic bags, tin or wooden boxes, jute bags
etc. Label is a slip which is found on the product itself or on the package providing all the
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information regarding the product and its producer. This can either be in the form of a
cover or a seal.
BRANDING:
Giving of distinct name to one’s product is called branding. Thus, the objective of
branding is to show that the products of a given company are different from that of the
Customer is the king of market. Therefore, it is one of the chief functions of marketer to
offer every possible help to the customers. A marketer offers primarily the following
After-sales-services
Technical services
Credit facilities
Maintenance services
PRICING OF PRODUCTS:
It is the most important function of a marketing manager to fix price of a product. The
price of a product is affected by its cost, rate of profit, price of competing product, policy
of the government, etc. The price of a product should be fixed in a manner that it should
not appear to be too high and at the same time it should earn enough profit for the
organisation.
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PROMOTION:
Promotion means informing the consumers about the products of the company and
encouraging them to buy these products. There are four methods of promotion: (i)
Advertising, (ii) Personal selling, (iii) Sales promotion and (iv) Publicity. Every decision
taken by the marketer in this respect affects the sales. These decisions are taken keeping
Physical Distribution:
Under this function of marketing the decision about carrying things from the place of
production to the place of consumption is taken into account. To accomplish this task,
decision about four factors are taken. They are: (i) Transportation, (ii) Inventory, (iii)
Warehousing and (iv) Order Processing. Physical distribution, by taking things, at the
right place and at the right time creates time and place utility.
TRANSPORTATION:
Production, sale and consumption-all the three activities need not be at one place. Had it
been so, transportation of goods for physical distribution would have become irrelevant.
But generally it is not possible. Production is carried out at one place, sale at another
place and consumption at yet another place. Transport facility is needed for the produced
goods to reach the hands of consumers. So the enterprise must have an easy access to
means of transportation.
STORAGE OR WAREHOUSING:
There is a time-lag between the purchase or production of goods and their sale. It is very
essential to store the goods at a safe place during this time-interval. Godowns are used for
this purpose. Keeping of goods in godowns till the same are sold is called storage.
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CUSTOMER SATISFACTION
Customer satisfaction is a term used to describe to scenario when an exchange meets the
needs and expectations of its users. It captures the provisions of goods or service that
fulfil the customers’ expectations, as a business term, can also be used to measure how
consumption of goods and services for the fulfillment of their basic and fundamental
needs. There are different phases involved in consumer behaviour. Initially, the consume
rinds the needs and then goes for the selection and budgets the commodities and takes the
decision to consume. Product quality, price, service or fairness, product features are some
of the factors that influence the customer satisfaction.On the other hand, several factors
like cultural, social, personal, psychological factors influence the purchasing behaviour of
the consumer.
CULTURAL FACTORS
individual. The values, perception, behaviour and preference are the factors basically
learned at the very early stage of childhood from the people and the common behaviours
of the culture. Norms and values are carried forward by generations from one entity to the
other. Culturalfactors represents the learned values and perceptions that defines consumer
wants and behaviours. Consumers are first influenced by the groups they belong to but
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SOCIAL FACTORS
Human beings live in an environment surrounded by several people who have different
friends, social networks, and surroundings who have different buying behaviour. These
groups form an environment in which an individual evolves and shape the personality.
Hence, the social factor influence the buying of an individual to a great extent.
PERSONAL FACTORS
This consumer behaviour includes personal factors such as age, occupation, economic
situation, and lifestyle. Consumer changes the purchase of goods and services with the
passage of time. Occupation and the economic situation also have a significant impact on
buying behaviour. On the other hand, a person with low income choose to purchase
inexpensive services. The lifestyle of customers is another crucial factors affecting the
consumer buying behaviour. Life style refers to the way a person lives in a society and is
PSYCHOLOGICAL FACTORS
Many psychological factors like motivation, perception, learning, and attitudes and
beliefs play a crucial role in purchasing a particular product and services. To increase
sales and encourage the consumer to purchase the service organization should try to
create a conscious need in the consumer& mind which develops an interest in buying the
allows the individual to develop a coherent behaviour against the class of their
personality. Through the experience that the consumer acquire, the customer develops
beliefs which will influence the buying behaviour. The factors that influence customer
vary from people to people and by culture of the people. Hence, for a successful
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consumer oriented market service provider should work as a psychologist to procure
consumers. By keeping in mind that affecting factors can be made favourable and goal of
gateway to success in the market. Overall the result shows that the brand image, and
perceives value, price, and health concern and quality influences customer satisfaction.
from the customer in a way that they can use it manage and improve their business.
Customer satisfaction is the best indicator of how the business look like in the future.
Customer satisfaction is the best indicator of how the business looks like in the future.
Customer satisfaction helps in doing SWOT analysis that could help them to develop
their business in an advance and in a systematic way. Besides this, it will also help in
making the right decision to use the appropriate resources while manufacturing the
products. Similarly, it maintains the relationship with the existing customers and also
CONSUMER
The consumer is the one who pays to consume goods and services produced. As such,
consumer plays a vital role in the economic system of a nation. Without consumer
demand, producers would lack one of the key motivations to produce, to sell to
customers. The consumer also forms a part of the chain of distribution. An individual who
buys products or services for personal use and not for manufacture or resale. A consumer
is someone who can make the decision whether or not to purchase an item at the store,
and someone who can be influenced my marketing and advertisement. Any time someone
goes to a store and purchase a toy, shirt, beverage, or anything else, they are making that
decision as a consumer.
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CUSTOMER
known as a customer. Normally the customers purchase durable goods from the market.
Consumer buying behavior define consumer buying behavior is the sum total of a
consumers attitudes, preferences, intentions, and the decisions regarding the consumers
behavior in the market place when purchasing a product or service. The study of
sociology, and economics. Standard behavioral model the standard model of consumer
behavior consist of methodical and structured process. Let us take a brief look at each
step.
PROBLEM RECOGNITION-
The first step is problem recognition. During this step, the consumer realizes that she/he
has an unfulfilled need or want. Let us use the example of consumer who has just been
informed by her mechanic that fixing her car will cost more than its worth. Our consumer
realizes that she now has a transportation problem and wants to fulfill that need with a
what you need to solve the problem. In our example, our consumer may engage in
research on the internet to determine the types of vehicles available and their respective
features.
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VALUATION-
preferences, and financial resources available for purchase. In our example, our consumer
has decided to narrow her choices down to three cars based upon price, comfort, and fuel
efficiency.
PURCHASE –
At this case, a consumer will make a purchasing decision. The ultimate decision may be
based on factors such as price or availability. For example, our consumer has decided to
purchase a particular model of car because its prize was the best she could negotiate and
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CHAPTER 4 DATA ANALYSIS AND INTERPRETATION
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CHAPTER 2
LITERATURE
REVIEW
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LITERATURE REVIEW
A scale of previous studies was used to assess the degree of innovation, “A literature
review is a text of scholarly paper, which includes the current knowledge include
topic. Literature review are secondary sources, do not report new or original experimental
Dr. Sangeeta Mukherjee (March 2020): The technological innovations that are adopted
by BYJU’S are highly helpful to students to understand basic and complex concepts in a
very short time. The BYJU’S App uses web-based learning, visual learning, and
students. One of the findings is that the advertisement claims that the App makes an
interactive learning experience. The premium subscription is a bit costly for the average
unique combination of media and content adopted by BYJU’S helps it to create a learning
app for students. This paper also discusses the approach of e-entrepreneurship taken by
the founder of BYJU’S to start Edtech Company to serve maximum students through a
digital platform. Also, the emerging digital technology will provide new opportunities to
Mohd Shoaib Ansari (January 2017) Learning applications are expanding among
students. Found that portable learning applications can be extremely helpful in the
advanced education condition. Moreover, the outcomes appeared that the students have
sufficient information and attention to utilize portable innovation and the Web in their
instructive condition. Mobile App for learning is popular in higher education in India.
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Furthermore , it is also found that student is aware of mobile Apps which provides
learning contents.
Dr. BADA, Steve Olusegun (December 2015) Found that process of learning is
individual to the learner. The learner tries to relate each and everything to the real world
what he or she has learned. Constructivism refers to self-learning and knows how to learn
IBEF (April 2019) Online education in India is growing fast and many student have
access to smart phones, computers, and the internet. Integrating technology is the need of
the hour since everything is going digital. India has the largest K-12 students in the world
with over 260 million students. Also, there is a rise in low-cost smart phones,
Forbes (October 2019) found that the backbone of BYJUS app personalized learning is
its rich learning profile. Graphs of over one lakh concepts and relationships that have
been created to design personal learning journeys -- videos, questions, adaptive flows,
quizzes, flashcards, correctional learning video, and so on. Additionally, the learning
content is also tagged to multiple other properties and parameters. This content is tagged
at the sub micro concept level which helps the algorithms create a smooth learning curve
Financial Times (December 2019) Found that, BYJU’s has around 3 million subscribers
who are school going students. BYJU’S has made India an emerging ground for testing
the Ed-tech industry. It is estimated by KPMG and Google that India’s online learning
The Indian Express (April 2020): After nationwide lockdown in India, there was an
increase of 150% in new enrollment on the BYJU’s App. BYJU’s has also started free
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Business Insider, India (December 2019): Found that BYJU’s secret of success is
engagement and effectiveness. By adding interactive videos and media on its platform, it
has made the learning fun and interactive. In 2018, BYJU’s spend Rs.185.5 Cr on
advertising.
Jared Keengwe, Terry T Kidd, (2010): This article examines a review of literature
related to online learning and teaching. The authors provide a brief historical perspective
of online education as well as describe the unique aspects of online teaching and learning.
The barriers to online teaching, the new faculty roles in online learning environments, and
some implications for online learning and teaching are also provided. This article is
Jan Herrington, Ron Oliver, Thomas C Reeves (2003): The use of authentic activities
within online learning environments has been shown to have many benefits for learners in
online units and courses. There has been renewed interest in the role of student activities
educational design and practice. Courses based on these principles have been used
successfully across a wide variety of discipline areas. In spite of the growing evidence of
the success of authentic learning environments, they are not without their problems. They
discuss patterns of engagement that have emerged from our own research on authentic
scenarios that some students experience, and the need for the suspension of disbelief
before engaging in the task. The paper proposes ten characteristics of authentic activities,
based on educational theory and research, which have been used as criteria for the
selection of existing online units or courses for in depth investigation. The paper includes
a short review of the literature, a description of the research and some preliminary
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findings and identification of issues related to the necessity for students to willingly
suspend disbelief in order to fully engage in learning scenarios based on authentic tasks.
of distance learning, the medium requires new modes of presentation and interaction. The
fields, to articulate what is currently known about online teaching and learning, how the
field has been conceptualized in the various research communities, and what might be
useful areas for future research. The review indicates that, although there has been
extensive work to conceptualize and understand the social interactions and constructs
entailed by online education, there has been little work that connects these concepts to
subject-specific interactions and learning. That is, the literature provides insights into
social aspects of online teaching and learning such as the development of community, the
social roles of teachers and students, and the creation of online presence. The review
recommends future research into how these social, personal, and interpersonal aspects
relate to subject matter learning, the impact of differences in subject matter, and how
reducing the temporal and spatial problems associated with traditional learning. Despite
literature review of the factors affecting adoption, the continuation of technology use, and
learning outcomes, this paper discusses an integration of online learning with virtual
communities to foster student engagement for obtaining better learning outcomes. Future
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directions have been discussed , the feedback mechanism which is an antecedent of
students’ continuation intention has a lot of scopes to be studied in the virtual community
context. The use of Apps in m-learning and the use of cloud services can boost the ease
attrition rates remain high. This paper presents a literature review addressing the role of
was reviewed through the lens of Bandura’s social cognitive theory, Anderson’s
interaction equivalency theorem, and Tinto’s social integration theory. Findings suggest
learners, and that preferences for types of online interactivity vary according to type of
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CHAPTER 3
COMPANY PROFIE
22
COMPANY PROFILE
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CHAPTER-4
OBJECTIVES
OF THE STUDY
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OBJECTIVES OF THE STUDY
To find out the factors motivating customers to prefer BYJU’S learning app
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CHAPTER-5
RESEARCH
METHODOLOGY
26
27
CHAPTER-6
DATA ANALYES AND
INTERPRETATION
28
CHAPTER-7
FINDINGS
29
FINDINGS
30
CHAPTER-8
CONCLUSION
31
CONCLUSION
32
CHAPTER-9
RECOMMENDATIONS
33
RECOMMENDATIONS
34
CHAPTER-10
LIMITATIONS
35
LIMITATIONS
36
BIBLIOGRAPHY
37
BIBLIOGRAPHY
38
ANNEXURE
39
QUESTIONNAIRE
40