Impact of Digitalization in an Organization and its importance in Knowledge and Value Management System
Dr. Dimpy Sachar1, Ms Harshmeet Kaur2
1Assistant Professor, Department of Management, Delhi Institute of Advanced Studies, Rohini, Delhi
2Student, Delhi Institute of Advanced Studies, Rohini, Delhi
*Corresponding Author E-mail: dimpysachar81@gmail.com, harshmeet7@gmail.com
ABSTRACT:
Information technology plays a critical role in the success of significant business transformations as a key enabler and source of competitive advantage. IT transformation is about making major changes to improve performance and capabilities for the organization aligned to business and supporting IT strategies. One of the most important research questions is about the impact of knowledge management initiatives on firm performance. A review of research on business value of Knowledge Management reveals that most of the work on evaluating the effectiveness of efforts is concentrated on studying the association between knowledge management and firm performance. For several reasons, measurement of firm performance and relating it to KM efforts has proven to be a difficult endeavor. Our approach changes the focus of analysis to the process level, where the work is actually accomplished. This paper draws knowledge from various IT tools and techniques and helps understand the digital trends on Passenger Car Segment henceforth, boosting the sales and brand awareness in the market. This study aims at analyzing the conversion rate of people visiting the website and thus into successful leads. There are different statistical tools used to showcase the results with better understanding like Bar Graphs, Pie Charts and Line Graphs. The targeted population is the Walk-ins at Honda dealership with sample size of 81 respondents from three different Honda Dealers. The result gives a clear picture to the Management in forming Marketing strategies which helps in better decision making. Information technology helps many organization to form the basis of knowledge and value management.
KEY WORDS: Digital Marketing, Knowledge System, Value System, Information, Analytics, Social Media, Facebook, Google, ZMOT, Dealership, Engagement Ratio, Twitter, Sentiment Analysis, Subscribers.
GLOBAL TRANSFORMATION IN IT
The facts are that digital methods of communication and marketing are faster, more versatile, practical and streamlined, so it is perhaps unsurprising that once the technology became available we began quickly moving into the digital age. The good news is that digital offers just as much potential to marketers as it does to consumers.
We have focused on Digital Marketing aspect of Information Technology and how it has created a lot of impact in Automobile Industry.
The difference between Traditional Marketing and Digital Marketing can be done on the basis of :
|
BASIS |
TRADITIONAL MARKETING |
DIGITAL MARKETING |
|
COST |
High Cost to promote brands through ads on newspaper, billboards, radio and more |
Low Cost- some strategies are virtually free |
|
COVERAGE |
Momentary Coverage |
Can be archived on the internet |
|
AUDIENCE |
Reaches Masses |
Fetches targeted audience |
|
TRACKING |
Time-consuming research to track the information. |
Easy to track the enquiry to lead conversions. |
DIGITAL FRAMEWORK
P.O.E.M Framework
P.O.E.M. The letters stand for Paid, Owned, Earned Media. This is a framework used in marketing under the domain of Branding. Every company uses this to enhance their Brand Image in the market. Honda also uses this under branding.
Owned Media
This can be the website, blog, videos, images, social media channels and more. It also includes any content one has created and have full editorial control over.
Earned Media
This term basically refers to any type of publicity that your owned content has generated. It can be thought of as online and offline PR. This could include social media mentions, comments on an article, shares of your blog and links back to your content.
If paid, owned and earned media are strategically combined, content has a better chance of being seen and then being shared.
Z.M.O.T Framework
The zero moment of truth (ZMOT) was introduced by Google in 2011. It refers to the point in the buying cycle when the consumer researches a product, often before the seller even knows that they exist. The number of consumers researching a product online prior to purchase has been on the rise in recent years as the internet and mobile continue to advance.
Fig.2 ZMOT Framework
Source : Google
Table 3. A Comparative Report on how Carmakers segment is using Social Media,
|
CAR MAKERS ON SOCIAL MEDIA |
|||||
|
Carmakers |
|
|
|||
|
Name |
Likes |
People Talking About |
Posts Per Day |
Followers |
Post Per Day |
|
Volkswagen India |
2,67,87,997 |
11,897 |
1 |
66,117 |
4 |
|
Nissan Motor India |
1,62,48,823 |
1,341 |
1 |
55,127 |
6 |
|
Hyundai Motor India |
68,34,589 |
70,326 |
3 |
95,892 |
9 |
|
Audi India |
36,20,882 |
6,260 |
1 |
1,53,448 |
4 |
|
Mercedes-Benz India |
24,10,962 |
1,41,724 |
2 |
1,38,808 |
9 |
|
Renault India |
16,39,321 |
26,154 |
3 |
62,667 |
12 |
|
Skoda Auto India |
13,56,877 |
2,612 |
3 |
54,186 |
5 |
|
Ford India |
11,89,644 |
1,48,425 |
2 |
70,687 |
4 |
|
Honda Cars India |
11,84,709 |
46,095 |
1 |
57,304 |
4 |
|
Fiat India |
9,85,058 |
1,343 |
1 |
12,329 |
3 |
|
General Motors India |
9,04,134 |
2,59,997 |
1 |
|
0 |
|
MandM |
8,08,159 |
866 |
1 |
76,518 |
5 |
|
Toyota |
7,85,966 |
1,784 |
1 |
48,407 |
1 |
|
Maruti Suzuki |
2,98,267 |
1,090 |
1 |
3,492 |
0 |
|
Tata Motors |
45,738 |
587 |
1 |
40,240 |
4 |
|
BMW India |
Not Present |
Not Present |
Not Present |
2,07,472 |
4 |
Source: ET NOW
From Table 3, it can be interpreted that Volkswagen has maximum likes on facebook, yet GM India takes the lead in the Facebook Engagement and BMW India doesn’t promote brand awareness through Facebook but has maximum engagement through twitter handlings. Mercedes Benz keep it’s users and customer active through Facebook and Twitter and has the best average engagement on both social networking sites.
People talking about on FB :
Table 4. Happening on Social Media
|
What's Happening on Social Media |
||
|
Who is Going Up |
||
|
64724 |
1155.40% |
|
|
45285 |
43.90% |
|
|
33224 |
258.10% |
|
|
24042 |
111.10% |
|
|
22477 |
56.50% |
|
|
13247 |
10.30% |
|
|
Who is Going Down |
||
|
-246483 |
-48.70% |
|
|
-76225 |
-74.50% |
|
|
-64996 |
-89.50% |
|
|
-47861 |
-85.90% |
|
|
-24136 |
-25.70% |
|
|
-20973 |
-36.70% |
|
|
-18871 |
-76.10% |
|
|
-18110 |
-93.10% |
|
|
-13425 |
-31.80% |
|
|
Who Gained Max Followers |
||
|
75068 |
0.30% |
|
|
31297 |
0.20% |
|
|
25402 |
2.10% |
|
|
21170 |
0.80% |
|
|
16784 |
0.70% |
|
|
9671 |
0.20% |
|
|
Yamaha India |
7571 |
1.30% |
Source : ETNOW
Table 4 shows the interpretation of the comparative percentage of different car makers on social media . With Hyundai at number one with maximum likes during a quarter and Mahindra Bolero has gone down with maximum dislikes or people withdrawing likes from facebook. Ford India has a best growth rate of 2.10% of gaining maximum followers in a quarter.
KNOWLEDGE MANAGEMENT SYSTEM
Early information technologies were designed to assist managerial and professional workers by processing and disseminating vast amounts of information to managers organization-wide (MIS). Over several decades systems evolved to systems focusing on providing tools for ad-hoc decision analysis to specific decision makers (DSS), and to systems designed to provide updated, often real-time, relevant information to senior and middle managers (EIS). These systems each contributed to individual and organizational improvements in varying degrees and continue to be important components of an organization’s information technology investment. An emerging line of systems targets professional and managerial activities by focusing on creating, gathering, organizing, and disseminating an organization’s "knowledge" as opposed to "information" or "data." These systems are referred to as Knowledge Management Systems (KMS). A knowledge management system is a special type of information system for managing the organizational knowledge resource. A KMS is designed to support business processes by assisting in the creation, storage/retrieval, transfer, and application of knowledge (Alavi and Leidner 2001). Traditional information systems, on the other hand, deal with data and information sourced from operations (sales, purchases, transformations, etc.) and are mainly designed to automate repetitive tasks and replace manual computational work. KMS’s are different from information systems in that they deal with the complex task of facilitating knowledge sharing. A knowledge management system is, as expected, tied to the organizational knowledge that it supports. Although obvious, it is important to make this relationship explicit. KMS’s are sometimes viewed as replacing the knowledge residing in the minds of the knowledge workers. That simplistic view assumes that knowledge is static and that knowledge workers can easily be supplanted by a system. An opposing perspective considers knowledge as dynamic and being constantly renewed. This evolving knowledge is the resource that provides a competitive advantage to an organization. The resource-based view of the firm posits that resources that are valuable, rare, inimitable, and non-substitutable confer a sustained competitive advantage (Barney 1991). The interaction of knowledge workers and the KMS continually updates and enhances the knowledge resource making it inimitable and arguably valuable. Therefore, KMS’s are a vital enabler of knowledge as a true competitive resource.
LITERATURE REVIEW:
Connolly, 2014, explored that the successful carmakers of the future must adapt to changing technology, engaging consumers through digital up to, and after, the point of sale. By embracing these digital trends, organizations will achieve better targeting and be able to provide a more meaningful and intimate experience to consumers. When we get into some of the more human aspects, there’s a little less interest. Milne (2014) said that When we’re showcasing the product, the technology, photos of our engines – that’s when people get excited.
Donovan Neale, 2014, determined the concept that social represents an important marketing frontier for the automotive industry. Senior marketers recognize its capacity to deliver actionable, real-time insights that can help drive overall marketing effectiveness. They also see its value as a dynamic channel for influencing brand preference and purchase.
Chaudhuri, 2014, determined that the technology now exists to process and analyze social streams—not only to understand broader consumer attitudes and reputational issues, but also to identify, segment and profile individual consumers based on where they are in the purchase cycle, their preferences and needs, and even psychographic characteristics that influence how they want to engage with brands and service providers. Consumers are using social media to find product recommendations, access dealer reviews, and voice complaints, display preference, consider peer opinions, capitalize on coupon offers, and engage in ongoing dialogues with their favorite automotive brands. We believe the auto industry will benefit greatly from data-driven analytics to identify potential customers and social content delivery systems that bring automotive OEMs, dealers, aftermarket service providers and other members of the ecosystem closer to the consumers who are looking to make purchases.
Dell I’sola, 1997, concluded Value as the most cost effective way to reliably accomplish a function that will meet the user’s needs, desires and expectations. The fundamental contribution by the Value Management technique is to eliminate the unnecessary cost which does not contribute to the value of the services, products, systems and that obviously includes the construction projects.
Michael A. Stelzner, 2013, in his report examined that to know how advertisers utilized Social media to develop their business led a study of 3000 advertisers and found that there was a period responsibility from advertisers side on week after week foundation on social advertising subsequently they got real preferences from social promoting exertions, uncovered which stage was utilized generally by them to advertise their items or administrations, social destinations they were intrigued to research.
Michael Bowen, 2013, in his article examined the viable social networking techniques for vehicle merchants. Methods like corresponding with clients successfully on a mixed bag of diverse social networking stages and persuade them to purchase from their dealership. Most broadly utilized social stage was found to be Facebook which gave an alternative of utilizing social consideration; it was a spot where organizations gave client administration to their clients and merchants associated with greatest of the swarm, Sites like dealer.com, cars.com, dealerrater.com where they gave audits and evaluations gave an expansive thought to the clients to help them in taking a right choice.
Curt Kellar, 2013, in his paper raised an arrangement of inquiries regarding the current status of the email promoting battles of car dealerships and gave results that could help drive deals from both new and existing motoring clients. A point of view on the current situation with car and cruiser dealership email fights was picked up through a dissection of their execution measurements; true procedures held thus would propel the state of the present industry's speak to the motoring purchaser.
Kelly and Male, 1991, define Value Management as an oriented effort to attain optimum value in product, system or services by providing the necessary functions at the lowest cost.
Ashutosh Agrawal, 2013, in his paper talked about that potential purchasers of auto were taking choice on the web. Online action created various alternatives of them with the accessibility of advanced foot shaped impression, discriminating data that drove them to buy or settle on a purchasing choice. Late studies indicated that car industry was the biggest maker of online discussions.
Oliver Engling, 2013, in his paper talked about the tests the Volvo confronted and taking after to it the results they decided on. Tests incorporated to create intrigued prospects to test drive the new Volvo models; to address target bunch specific auto purchasers through email ads; to expand reaction rates for the Volvo and the model pamphlet. Results which were picked by them incorporated Production of imaginative Video mail battles with substance significant to the beneficiary; screening of fantastic locations from Circle databases with age and metropolitan zones; send out action situated client pamphlet for the C30, V70 and S80 Volvo mode. The consequence the organization Volvo achieved was marking impacts, lead era and client maintenance through a correspondence customized to the beneficiaries' hobbies; above normal reaction rates with continually great click rates including an opening rate of 82% for the C30 Newsletter and up to 60% click rates.
Earl J. Hesterberg, 2013, in his paper talked about the effect of web advertising in car retailing. He found that 90% of new auto purchaser utilized web throughout their shopping get to, 95% of scientists acknowledged vehicle evaluations and audits before settling on the buy choice, 72% of web clients utilized web search tool to inquiry their neighbourhood merchants. With web advertising methodology offers of auto items expanded in correlation to accepted showcasing, the database of clients additionally expanded.
Kevin Root and Eliza Kelly, 2012, in their report examined that Dealer.com, Driverside and Gfk Automotive Research banded together to investigate the effect of social networking on the auto purchasing methodology. They led an exploration and overviewed give or take 2,000 customers who had as of late obtained another vehicle or who were anticipating buying another vehicle inside the following 12 months and had effectively begun shopping. They found that a significant number of individuals in reality utilized social networking as an asset when looking for another vehicle.
RESEARCH METHODOLOGY:
OBJECTIVE :
To understand how information technology has transformed the regular process in an organization and help create Knowledge and Value Management System in an organization globally.
· To analyze the conversion of Web traffic into Dealership Leads.
· To analyze sentiment analysis of consumers
· To study the competitive analysis of Website Layouts of different Car Makers.
RESEARCH DESIGN
The method adopted to do the research is Mix of descriptive and Semi Experimental Research
DATA COLLECTION
In this Research, we made use of both the primary and secondary methods of data collection. The data was collected making use of Structured Questionnaire. The questionnaire that we included consisted of demographic, open ended and close ended questions.
Secondary data was also used for generating observation based findings.
· Google Analytics
· Facebook Analytics
· Youtube Analytics
DATA SAMPLING
Sampling Technique: For obtaining the representative sample, the Random Sampling technique was used. It is the kind of the non-probability sampling technique.
Sample Size : 81 Walk-ins at Honda Dealership
Target Population: Customers visiting the dealership of Honda Cars India Limited in Delhi, NCR. The dealership showrooms chosen were on the basis of the maximum lead sales on daily basis.
1. Samara Honda, Mayapuri, New Delhi
2. Ring Road Honda, Moti Nagar, New Delhi
3. Ace Honda, Noida
STATISTICAL TOOLS USED
The tools used for analyzing the data are rating method are
· Bar Graphs
· Line Graphs
· Pie Charts
DEMOGRAPHIC PROFILE OF RESPONDENTS
|
|
|
Customer Response |
|
Gender |
Male |
70 |
|
Female |
11 |
|
|
Age |
18-25 |
4 |
|
26-35 |
35 |
|
|
36-45 |
21 |
|
|
46-55 |
9 |
|
|
>55 |
10 |
|
|
Occupation |
Business |
45 |
|
Salaried |
31 |
|
|
Others(HomeMaker, Retired Prof., Student) |
5 |
|
|
Annual Income |
<5 Lacs |
18 |
|
5-10 Lacs |
24 |
|
|
10-20 Lacs |
25 |
|
|
>20 Lacs |
6 |
LIMITATIONS OF STUDY
It is not possible for any market study to make it accurate due to many hurdles in the collection and computation of data. Some limitations of the study are listed below
· The sampling frame to conduct the study has been restricted to DELHI NCR.
· Respondents are reluctance towards giving correct information.
· Findings of the study are based on the assumption that respondents have disclosed in the questionnaire.
· Time was a major constraint.
· Observation based study vary from person to person.
DATA ANALYSIS AND INTERPRETATION
FACEBOOK COMPARISON SHEET
Comparison is drawn between the major Automobile OEMs to analyse the digital presence and likeness of the Brand over the web.
Engagement Ratio = No. of people talking about the brand
No. of Likes Received
Fig 3. Facebook Comparison of car makers
Source : Facebook
ENGAGEMENT RATIO OF CAR MAKERS ON FACEBOOK
Table 6. Engagement Ratio of Different Car Makers
|
Brands |
Type |
People talking about this |
Total Page Likes |
New Page Likes |
Engagement Rate (%) |
|
Maruti Suzuki |
India |
1,124 |
2,94,552 |
831 |
0.38 |
|
Alto 800 |
45,427 |
4,72,181 |
4,130 |
9.62 |
|
|
|
Alto K10 |
931 |
12,09,174 |
829 |
0.08 |
|
Celerio |
361 |
1,14,364 |
140 |
0.32 |
|
|
|
Ritz |
1,426 |
18,37,297 |
1,083 |
0.08 |
|
WagonR |
454 |
45,999 |
102 |
0.99 |
|
|
|
VitaraBrezza |
3,324 |
1,95,427 |
356 |
1.7 |
|
Stingray |
54 |
20,150 |
25 |
0.27 |
|
|
|
Swift |
1,865 |
7,59,815 |
1,285 |
0.25 |
|
Dzire |
414 |
3,12,426 |
269 |
0.13 |
|
|
|
Ertiga |
1,189 |
3,40,584 |
389 |
0.35 |
|
Ciaz |
953 |
2,02,044 |
313 |
0.47 |
|
|
|
NEXA |
3,578 |
1,73,839 |
381 |
2.06 |
|
Hyundai |
India |
73,899 |
67,62,946 |
76,839 |
1.09 |
|
Mahindra |
KUV100 |
51,032 |
4,66,046 |
5,003 |
10.95 |
|
XUV500 |
1,10,227 |
23,17,774 |
4,897 |
4.76 |
|
|
|
Scorpio |
15,249 |
32,53,493 |
2,445 |
0.47 |
|
Bolero |
1,50,221 |
19,62,408 |
4,121 |
7.65 |
|
|
Renault |
India |
25,430 |
15,89,725 |
4,845 |
1.6 |
|
TATA Motors |
India |
1,159 |
41,707 |
431 |
2.78 |
|
|
Tiago |
6,678 |
3,01,151 |
470 |
2.22 |
|
Zest |
709 |
3,07,705 |
117 |
0.23 |
|
|
Nissan |
India |
91,951 |
1,60,08,048 |
2,297 |
0.57 |
|
Toyota |
India |
1,578 |
7,80,639 |
1,033 |
0.2 |
|
GM |
India |
1,25,288 |
8,21,733 |
2,912 |
15.25 |
|
Honda |
India |
2,408 |
11,67,190 |
1,883 |
0.21 |
|
|
US |
46,242 |
40,93,471 |
9,833 |
1.13 |
|
Malaysia |
23,368 |
12,16,948 |
5,141 |
1.92 |
|
|
|
Thailand |
8,119 |
3,96,979 |
725 |
2.05 |
Source : Facebook
From Table 6 , it can be realised that GM India (15.25), Maruti Alto 800 (9.65) and Mahindra KUV100 (10.25) has maximum Facebook engagement ratio i.e. there are maximum number of page likes each day in comparison to other Automotive Pages.
SENTIMENT ANALYSIS
Each Facebook Comment is filled in the baskets mentioned below and thereby an analysis is done to acknowledge Positive and Negative feedbacks from the consumers.
List of Baskets
|
Honda (as a whole) Product Complaint Comparison Enquiry/Question Appreciation Service
|
Design Performance Features Price Suggestions Information Miscellaneous |
Fig 4. Types of Comments on Facebook Page of HCIL India
Fig 5. Types of Comments on Facebook Page of HCIL India
From Fig 5, it can be interpreted based on the graph that Honda received maximum Positive Comments for : Products offered (114) i.e. people are happy with honda as a product and brand but on similar trend they received Negative Comments for : After Sale Service (20), i.e. people are not happy with the after sale service provided by Honda Cars India.
YOUTUBE ENGAGEMENT ANALYSIS
YouTube Engagement Analysis compares the number of subscribers for each Car Manufacturer on YouTube, showcasing the engagement ratio of customers with the brand.
Table 8. Youtube Subscribers to different Car Maker
|
Make (India) |
Total Subscriber |
|
Honda |
13,044 |
|
Maruti |
15,725 |
|
Hyundai |
15,424 |
|
Mahindra |
5,617 |
|
Renault |
35,381 |
|
Nissan |
81,728 |
|
Toyota |
4,765 |
|
GM |
13,000 |
Fig 6. Youtube Subscribers
From Table 8 and Fig 6, it can be interpreted that Nissan has the highest popularity on YouTube, while Toyota has the least popularity on youtube on the basis of total subscribers..
ANALYTICS REPORT
Frequent Analytic Reports were drawn from google to know the web traffic on each page of Honda Cars website.
Below is the Complete Analytics for Quarter 2, 2016 showcasing how many visits have been done each day :
Fig 7. Google Analytics of HCIL India
From Fig 10 , the graphs shown helps to understand the traffic generated on the Website each day. This analysis helps to realise the fact that the offer showcased on specific day helped in generating maximum web leads on that specific day or not.
Facebook Page Analytics is similar to Google Analytics which calculates the total likes drawn on Honda FB Page showcasing total ups and downs of likes in Q2, 2016.
From Fig 11, the same analytical data is drawn from Facebook page to know the impact an offer page creates on attracting customer and creating brand value on the specific date of offer. It is a good way to know the targeted audience and understand whether the online advertisement has created a buzz on social media or not.
Fig11. Facebook Analytics of HCIL India
SURVEY ANALYSIS
Following is the detailed information fetched from the questionnaire:
|
|
Questionnaire |
Customer Response |
Analysis |
|
Q1 |
Car Model Interested in : |
|
|
|
BR-V |
27 |
*30% Walk-ins are interested in BR-V |
|
|
CR-V |
0 |
|
|
|
City |
30 |
*33% Walk-ins are interested in City |
|
|
Jazz |
10 |
|
|
|
Mobilio |
1 |
|
|
|
Amaze |
23 |
*25% Walk-ins are interested in Amaze |
|
|
Brio |
0 |
|
|
|
|
|||
|
Q2 |
How did you come to know about Honda ____(Model)_____ ? |
|
|
|
Website |
17 |
*25% Walk-ins came through Word of Mouth |
|
|
TV |
13 |
*15% Walk-ins came through Website |
|
|
Radio |
5 |
*12% Walk-ins came through newspaper |
|
|
Newspaper |
14 |
|
|
|
Magazines |
4 |
|
|
|
Google Search |
10 |
|
|
|
Banners on Car Portals |
4 |
|
|
|
Hoardings/Billboards |
8 |
|
|
|
SMS |
2 |
|
|
|
Emailer |
1 |
|
|
|
Social Media, |
5 |
|
|
|
Word of Mouth |
28 |
|
|
|
Any other , Please Specify _______________ |
3 |
|
|
|
|
|||
|
Q3 |
Did you visit Honda Website? |
|
|
|
Yes |
33 |
41% walk-ins visited Honda Website |
|
|
No |
48 |
|
|
|
|
|||
|
Q4 |
Did you receive an online lead form on Honda website? |
|
|
|
Yes |
6 |
*93% walk-ins
didn't receive online |
|
|
No |
75 |
|
|
|
|
|||
|
Q5 |
Did you fill the online form ? |
|
|
|
Yes |
2 |
*98% Walk-ins didn't fill online enquiry form |
|
|
No |
79 |
|
|
|
|
|||
|
Q6 |
Did you encounter any problem while filling the form online ? |
Response |
Analysis |
|
Yes |
2 |
*98% Walk-ins
didn't encounter any problem |
|
|
No |
79 |
|
|
|
|
|||
|
Q7 |
Did you receive the call from Honda Customer Care call centre? |
|
|
|
Yes |
5 |
*94% Walk-ins
didn't receive acall from |
|
|
No |
76 |
|
|
|
|
|||
|
Q8 |
What information were you searching on Honda Website ? |
|
|
|
Models |
18 |
22% Walk-ins enquired about model |
|
|
Price |
11 |
17% Walk-ins enquired about specification |
|
|
Features |
13 |
|
|
|
Reviews |
8 |
|
|
|
Variants |
7 |
|
|
|
TV ad/Media |
3 |
|
|
|
Gallery |
7 |
|
|
|
Specifications |
14 |
|
|
|
Finance |
1 |
|
|
|
|
|||
|
Q9 |
Was the call representative able to understand your requirements? |
|
|
|
Yes |
5 |
*94% times call
representative were not |
|
|
No |
76 |
|
|
|
|
|||
|
Q10 |
Did you receive the call from Honda Dealership? |
|
|
|
Yes |
19 |
77% Walk-ins
didn't receive call from |
|
|
No |
62 |
|
|
|
Q11 |
Was the dealer representative able to meet your requirements ? |
Response |
Analysis |
|
Yes |
19 |
*77% times call
representative were not |
|
|
No |
62 |
|
|
|
|
|||
|
Q12 |
Is it your first visit to the Honda Dealership ? |
|
|
|
Yes |
54 |
67% walk-ins had
their first visit to the |
|
|
No |
27 |
|
|
|
|
|||
|
Q13 |
Which Webportal did you prefer before reaching dealer ? |
|
|
|
Cardekho.com |
22 |
43% Walk-ins preferred CarDekho.com |
|
|
Zigwheels.com |
2 |
33% Walk-ins
preferred other portals like |
|
|
Car24.com |
4 |
|
|
|
|
6 |
|
|
|
Any other, Please specify ___Cartrade, Carwale.com, Team BHP, Google Search |
17 |
|
|
|
|
|||
|
Q14 |
How often do you visit Honda FB Page ? |
|
|
|
Everyday |
3 |
*86% walk-ins never visited Honda FB Page |
|
|
Once a Week |
2 |
|
|
|
Seldom |
6 |
|
|
|
Never |
70 |
|
|
|
|
|||
|
Q15 |
Do you get regular updates from Honda's FB page ? |
|
|
|
Yes |
4 |
*95% walk-ins don't receive regular updates |
|
|
No |
77 |
|
|
|
|
|||
|
Q16 |
Have you seen Honda _______ latest TVC ? |
|
|
|
Yes |
49 |
60% Walk-ins have seen Latest TVCs |
|
|
No |
32 |
|
|
|
|
|||
|
Q17 |
Where have you seen Honda __________ latest TVC ? |
|
|
|
TV |
34 |
69% Walk-ins have seen Latest TVCs on TV |
|
|
Youtube |
5 |
10% Walk-ins have seen TVCs on youtube |
|
|
|
4 |
|
|
|
Website |
3 |
|
|
|
Any other, Please specify |
3 |
|
|
Q18 Rate Honda website on the basis of : (1= Very Poor, 5=Very Good)
|
Rate Honda website on the basis of : (1= Very Poor, 5=Very Good) |
1 |
2 |
3 |
4 |
5 |
Total No. |
Rank |
Analysis |
|
|
|
|
|
|
|
|
|
*User Experience
was best as per the Walk-ins |
|
Informative |
|
|
6 |
12 |
15 |
141 |
5 |
|
|
Accessibility |
|
|
5 |
12 |
16 |
143 |
3 |
|
|
User Experience |
|
1 |
3 |
10 |
19 |
146 |
1 |
|
|
Mobile Friendly |
1 |
1 |
3 |
9 |
19 |
143 |
3 |
|
|
Content |
|
1 |
5 |
11 |
16 |
141 |
5 |
|
|
Loading Time |
1 |
|
2 |
12 |
18 |
145 |
2 |
|
|
No. of Walk-ins never visited Honda Website |
48 |
|||||||
This table shows a clear picture of how the Walk-ins at Honda Dealership ranked Honda Website. With the help of Likert Scale, the customers had to check different parameters on the basis of their experience with the website. With User- friendly Experience ranked the best to Content and Information Factor ranked the lowest helped analyze which area Honda Car Website needs to work upon.
FINDINGS AND CONCLUSION:
Research undertaken on understanding the need of transformation in IT and its importance in the passenger car segment proved that digital is an indispensable part of the branding domain of marketing. Nowadays, people are more active on Social Media and other digital portals than on TVs, Radios. We surveyed on Honda Cars India Limited and realized that active presence over the internet has helped the company to strengthen its roots in the competitive market and also has helped the company to increase its customer base. The reports of the average contract ratio of customers through walk-ins is 22 days whereas, through web is 18 days. Digital presence solitary on the social media is not enough, the company has to choose their marketing strategy after tracking through Google and Facebook analytics. Hence, it is easy to track the results to their spending. Considering the survey, it can be concluded that out of 81 samples, 32% walk-ins at Honda dealerships were generated through Internet (viral marketing) and website visits. Hence, Digitalization plays a vital role in promoting the Brand image of an organization. Different Web-Portals like Cardekho.com, Carwale.com, Cartrade.com and Google Search have reached masses. People like to visit these portals for virtual test drives and reviews. Due to the digitalization the Z.M.O.T theory has proved that digital marketing also plays a pivotal role in building the brand image. Nearly 45% visitors preferred these portals before visiting the dealer. This shows that company branding over the different websites is also as vital as any Social networking sites.Competitor’s Website and Mobile Site Analysis showcase the benchmarking standards and how the competitors are performing which helps generate the traffic on their websites. Imbibing those activities or change in the website layout might help in Customer Friendly website and increase overall web traffic.YouTube and other social networking sites helps draw a conclusion about the brand positioning in Consumer’s mind.
RECOMMENDATIONS AND SUGGESTIONS:
Focusing on strengthening the marketing processes and strategies by improving the brand image over the internet. Many online websites like Cardekho.com, Cartrade.com has created a huge impact and people review online before the actual purchase. It is recommended to follow different paid frameworks like display banners on these websites to create brand awareness and have a competitive edge over other car manufacturers. Daily analysis of Website and Facebook page can help the management to take strategic decisions hence creating value for the company. The decisions are taken on the basis of what the consumers demand and how to target the right audience. It is advisable to daily update social media pages so that there is an arousal of product’s need in the mind of people.
REFERENCES:
BOOKS
Dyson, G. (2012). Turing's cathedral: the origins of the digital universe.
Gleick, J., and Shapiro, R. (2011). The information (pp. 204-231). Books on Tape.
Naughton, J. (2012). From Gutenberg to Zuckerberg. Quercus Books.
Schmidt, E., and Cohen, J. (2013). The new digital age: Reshaping the future of people, nations and business
JOURNALS:
Bagga, T., and Gupta, D. (2014). Internet Marketing by Automobile Industry: Special Reference of Indian Counterparts. International Journal of Computer Applications, 97(6).
Chen, E.T., Feng, T.K., and Liou, W. "Knowledge Management Capability and Firm Performance: An Empirical Investigation," in Proceedings of the Tenth Americas Conference on Information Systems, New York, NY, USA, 2004, pp. 2255-2262.
Cole, R.E. "Special issue on Knowledge and the Firm - Introduction," California Management Review (40:3), 1998, pp 15-21.
Conolly, (2014)Digital Marketing Success in Automobile Industry, Icrossing
Donovan Neale, (2014) GARTNER CMO SPEND SURVEY 2015-2016 Digital Marketing Comes of Age
Kelly, J. R., and Male, S. (1991). The Practice of Value Management: Enhancing Value or Cutting Cost?. Royal Institution of Chartered Surveyors.
Kevin Root, Eliza Kelly (2012) Social Media as a Tool of Marketing : Automobile Industry , EPRA International Journal of Economic and Business Review, January 2013 Vol-3, Issue-1
Michael Brown, (2013) Internet Marketing by Automobile Industry: Special Reference of Indian Counterparts, Internal Journal of Computer applications,Volume 97– No.6, July 2014.
Razmerita, L., Kirchner, K., and Nabeth, T. (2014). Social media in organizations: leveraging personal and collective knowledge processes. Journal of Organizational Computing and Electronic Commerce, 24(1), 74-93.
WEBSITES:
https://en.wikipedia.org/wiki/Honda
https://en.wikipedia.org/wiki/Honda_BR-V
https://en.wikipedia.org/wiki/Honda_Cars_India
https://twitter.com/HondaCarIndia
https://twitter.com/HondaCarIndia?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eser
https://www.facebook.com/HondaCarIndia/
https://www.facebook.com/HyundaiIndia/
https://www.facebook.com/MarutiSuzukiWayOfLife/
https://www.facebook.com/ToyotaIndia/
https://www.hondacarindia.com/
https://www.hondacarindia.com/about/dealerLocator.aspx
https://www.instagram.com/honda/
https://www.instagram.com/honda/?hl=en
https://www.youtube.com/user/gmblogs
https://www.youtube.com/user/HondaCarsIndia
https://www.youtube.com/user/HyundaiIndia
https://www.youtube.com/user/MarutiSuzukiCorp
https://www.youtube.com/user/nissanusa
https://www.youtube.com/user/renault
https://www.youtube.com/user/ToyotainIndia
Received on 30.11.2016 Modified on 16.12.2016
Accepted on 28.12.2016 © A&V Publications all right reserved
Asian J. Management; 2017; 8(1):37-48.
DOI: 10.5958/2321-5763.2017.00007.5