Significance of Luminous Free Hit Programme in Bihar Mkt.
-
Upload
gopal-sawarnya -
Category
Marketing
-
view
455 -
download
1
description
Transcript of Significance of Luminous Free Hit Programme in Bihar Mkt.
1 | P a g e
Summer Internship Report on
Significance of Luminous Power Man Club Program:
Prevailing Challenges & Solutions
At
Luminous Power Technologies Pvt. Ltd. Kolkata
Prepared By:
Gopal Kumar
Enrollment no. 13DM041
Batch 2013-15
Under the Guidance of
Academic Guide Corporate Guide
Prof. Dr. Tanmoy De Mr. Sridip Banerjee
Associate Professor (Marketing Area) GM Sales, East
Luminous Power Tech.
As a Partial fulfillment of PGDM Programme of
Institute of Management & Information Science
Bhubaneswar
June-July’ 2014
2 | P a g e
Acknowledgement
I would like to express my sincere gratitude to my faculty guide, Prof. (Dr.)Tanmoy De.
Whose guidance helped me complete this project I again take this opportunity to
express my deep regards to him for the exemplary guidance, constant monitoring and
encouragement throughout.
Next I would like to thank my corporate guide Mr. Sridip Banerjee, GM Sales (East)
for having faith in me and being helpful providing all the resources for the project. His
unique way of evaluation on conference phone call always inspired me to say location
is no longer a barrier for a meeting with the team. His guidance, valuable information
and motivation have been vital in successful project completion.
I shall also be thankful to the company personnel of Luminous Power Tech. for their
support during the project work in the respective domains.
I truly appreciate my co-interns Mr. Jecko Jacob Jose, Mr. RaviRanjan Kumar & Mr.
Saibal Dutta for taking out valuable time to share and solve problems via brainstorming.
At last I thank almighty, my family members & friends for their motivational &
emotional support, without which project wouldn’t have completed.
3 | P a g e
Declaration
I do hereby declare that project report entitled “Significance of Luminous free hit
Program: Prevailing challenges & Solutions” is based entirely on my work carried
out during the Internship programme of PGDM with Luminous Power Technologies
Pvt. Ltd. Under the guidance of my corporate guide Mr. Sridip Banerjee (GM Sales,
East) and my academic guide Prof. (Dr.) Tanmoy De, Professor Marketing.
I further declare that derived findings, conclusions drawn and suggestions mentioned
are the outcome of this project work to the best of my knowledge.
Date: (Gopal Kumar)
4 | P a g e
Contents
Chapter Contents Page No.
Executive Summary
I. Company Profile 6-8
II. Objective 9
III. Product Profile of Luminous 10-11
IV. Power Man Club “Free Hit” Programme Details 12-18
V. Prevailing Challenges 19
VI. Trade Partners Feedback 20-21
VII. Competitors Analysis 22
VIII. Streamlining the programme 23
IX. Findings 24-25
X. Limitations 26
XI. Conclusion and Further Scope 27
References 28
5 | P a g e
Executive Summary
This report focus on the major factors causing “Luminous Free Hit” Loyalty program,
a non-success in Bihar.
Home electrical products buying has a major influence of electricians rendering their
services in that locality. So as to drive more sales and promote the products Luminous
believed in People to People Marketing and adopted “FREE HIT” electricians loyalty
program.
Project was based personal interactions with electricians enrolled across the states
through personal or telephonic interviews.
Objective of the study is to find major causes of non-promotion by electricians enrolled.
During project all electricians were called to share their opinion about the “Free Hit”
Programme and disclose if they find any flaws.
Major reason of non-promotion came out as difficult registration process, non-
distribution of loyalty cards and infrastructural issues with the company. Possible
measure company may opt are to focus on operational efficiency, Have an intense
follow up, deploy dedicated human resource to handle the Loyalty Programme.
Company should also work on relationship building with enrolled members to beat the
poaching by competitors.
6 | P a g e
I. Company’s Profile
Founded in 1988, Luminous Power Technologies (P) Limited today is a leading
company with a differentiated portfolio of solutions for packaged power, diversified
generation, electrical control & safety and energy optimization.
With over 5000+ employees, 8 manufacturing units, 28 sales offices and more than
55,000 channel partners; Luminous apart from its dominating position in the domestic
market also has a strong foothold worldwide. Awarded with the 'Global Super brands'
status for the year 2011-12, ISO 50001:2011 certification and MNRE:CRISIL
recognition, Luminous is passionately committed to bring uninterruptible and alternate
power solutions to the customers that makes their life comfortable and efficient.
Luminous apart from its dominating position in the domestic market also has a strong
foothold in over 32 countries worldwide. It’s Global Technology Centers Located in
India, United States & China Deliver Cutting Edge Technology that goes into making
every Luminous Product a Class Apart from its Competitors. Taking advantage of its
new parent’s global product and technology platform, Luminous has ventured in
electrical product space. The offerings include electrical wires and cables, wiring
protection devices such as MCBs, RCCBs (types of circuit breakers), distribution
boards, all types of fans and modular switches. Luminous Power technologies is also
focusing on renewable energy in the form of solar panel and solar home lighting. It also
aims to offer various solar applications to rural India as an alternative power solution.
It offers enterprise solutions that include power conditioning and emergency power,
network and connectivity, site integration, and data center solutions, as well as
integrated infrastructure solutions. The company serves various clients, such as
corporations, telecommunication companies, banking and finance companies,
government organizations, press and media companies, hotels and airlines, medical and
diagnostic clients, and engineering and projects.
Vision: "Passionately innovate to make life comfortable and efficient."
Mission: "Be the brand of choice for products and services that generate, control, store
and use electricity efficiently. Through passionate people we innovate to consistently
deliver a tangible competitive advantage in reliability, service and cost.”
Core Values: Customer Delight through Innovation & Passion with focus on Execution
Teamwork (Togetherness).
7 | P a g e
Key executives for luminous power technologies private Limited.
Founder : - Mr. Rakesh Malhotra
MD : - Mr. Manish Pant
CEO : - Mr. Arun Nagpal
CFO : - Mr. Brij Bhushan Nagpal
CTO : - Mr. Ajoy Datta
Company’s Timeline
1988: Company founded by Rakesh Malhotra with 3 people
1991: First Luminous Inverter rolled out
1994: First Luminous UPS got manufactured
2000: First Luminous product exported
2004: First battery manufacturing plant came into existence
2004: Tie-up for battery technology with Eagle Picher Inc. US
2005: Luminous awarded with Consumer World Award 2005
2006: Tie-up with Hyundai, formation of Hyundai Power Product
2006: Luminous awarded with Consumer World Award 2006
2007: Got Industry Leadership Award from Frost & Sullivan
2007: Luminous awarded with Consumer World Award 2007
2007: 1st Manufacturing facility outside India (Lang Ming, China)
2008: Luminous awarded with Consumer World Award 2008
2010: Sachin Tendulkar appointed as the brand ambassador of Luminous
2011: Luminous - Schneider Electric Joint Venture
8 | P a g e
2011: Luminous stepped into the Electrical product space – Offers Fans, Switches, Wires & Cables, MCBs, RCCBs & Distribution Boards 2011: Solar applications were introduced – Offers PV Modules, Solar Battery, Solar Home Lamp system, Solar Lantern, Solar Charge controller, Solar Cracker and Solar Home UPS
2012: Luminous awarded Super brand status
2012: ISO 50001:2001 rating and MNRE : CRISIL Recognition
2012: Luminous got Quality Brand Award 2012-14
2012: Rashtriya Udyog Ratna Award given to Mr. Manish Pant, MD, Luminous
2012: Luminous got SME Channel Connect & Achievers Award 2012 – Received in‘Best Home UPS’ Category 2012: Luminous got SME Channel Connect & Achievers Award 2012– Received‘Best Inverter Battery’ Category 2012: Best Power Back-up Solution Provider Company – Awarded to Luminous based on the study conducted by VAR India publication house
2013: Luminous shortlisted by Agency for Non-Conventional Energy and Rural Technology(ANERT) as a preferred agency for Solar Roof Top Solutions in Kerala
9 | P a g e
II. Objective of the Study
To know the reasons behind lack of promotion of luminous product by instillers
To Compare competitor’s loyalty Programme for wooing the instillers
To get trade partner’s feedback about the free hit Programme
10 | P a g e
III. Product profile
Following are the products which provide coupons to the instillers. These
are also termed as electricians involvement product (EIP).
Fans
Modular Switches
Final Distribution Products
Wires
Fans
Designer fans:- Luminous' fans bring the best of style and performance to your home
and office. They are designed to work even under low voltage conditions, and maximize
air circulation. With high speed, aerodynamic blades and attractive designs, they add life
to your living and work spaces even as they freshen and cool every corner.
Modular Switches
Stylish and Practical Modular Switches
Luminous CLARA switches unite elegance and practicality in a modular package. Silver-
inlayed contacts and durable dollies with a spring-free mechanism are built to withstand
extensive wear and tear, and will not malfunction from ordinary use. It's all the small
details that set Luminous CLARA apart—like fan regulator knobs that turn equally
smoothly in both directions; and LED indicators that last 10,000 burning hours.
Distribution Boards (DB) Products
With the changing electrical world, the ways of final low voltage distribution in
industrial, commercial & residential sectors are also changing. As the demand for
electricity is increasing, improved operating safeties, greater convenience with operating
cost management are the prime needs. The NeoBreak range is "inspired innovation for
round the clock protection"
11 | P a g e
Standard DB Range
SPN DBs-4,6,8,12 and 16 Ways
TPN DBs -4,6,8,12 Ways
Per Phase Isolation DB*
Flex Tier DB
Phase Segregated DB*
Vertical DB with MCB VC*
Specially customized DBs*
Wires:-
Luminous' wide range of wires and cables give you the freedom to select a product
that's ideal for your needs. And no matter what you choose, you can depend on the
quality associated with the Luminous brand. We also make special-purpose wires and
cables based on customers' specific needs.
Luminous provides complete cable solutions for industries covering a wide variety of
applications. Choose from different variants and types of polymer for insulation, inner
and outer sheath, conductors, shielding and braiding, and other features. Beside
construction applications, special cable designs can also be ordered for your specific
needs. Our products all conform to IS 1554, IS 7098.
Luminous wires are made up of 99.9% electrolytic grade copper and FR grade
virgin PVC, thereby ensuring fire resistance and safe distribution of electricity.
12 | P a g e
IV. Luminous Free Hit Program
A loyalty program run by Luminous Power Tech. for electricians is an approach based
on Influencer Marketing, which taps the electrician working in specific area for their
branding and product marketing. These electricians have been recognized as
independent entities and beneficiaries, who influence the consumers buying decision
specifically to the company’s products. They don’t exist in supply chain or neither are
they stake holders. So they can be termed as “Instillers”. Luminous Power Tech. has
outsourced an agency Evolve Brands Pvt. Ltd. A Gurgaon based marketing agency to
provide operational & Infrastructural support for the program. It is a four stage
process-
An Invitation
Power man Club Meet
Enrollment
Fund Transfer
An Invitation
A preliminary process that starts with mapping all electricians working in the specific
areas by TSRs (Territory Sales Representative) with the help of Distributor, Dealers &
Retailers. Post analysis (40-50) selective electricians are sent invitations for one meeting
containing Venue, Date & Time for the meeting and bring their govt. issued ID proofs
along with two color photographs.
Power Man Club Meet
On the day of meet electricians are explained benefits of Luminous FREE HIT
program through a Power point presentation. They are also shown a short movie clip
of 20 mins, which explains the long term benefit and rewards of the loyalty program.
Company promises that their work would be evaluated quarterly, if they perform then
they would be taken for one week Technical Training in Kolkata, which company has
collaboration with National Skill development Corporation, Govt. of India. Upon
Successful completion of the training they would be rewarded with a certificate of
accomplishment.
13 | P a g e
Enrollment
Enrollment comprising docs. Collections from prospective members, forms filling,
Intense Scrutiny to avoid any possible errors by TSR, Sending completed forms to the
agency (Evolve Brands) & ICICI Banks for card issuance. This process takes a fortnight
and agency sends the packet containing members luminous ID card, ICICI Bank
prepaid debit card, welcome letter cum instruction sheet for coupons registration
procedure. Then CSA after assortment of the cards district wise sends it to the
Distributors.
Funds Transfer
Once enrolled members receive their cards then they have to register coupons that they
find inside the products by either sending an SMS/or calling an MSE (Missed Call
Engine) Number from their registered mobile. These numbers are mentioned on the
coupon as well as their Luminous’s ID card.
1. SMS the unique code received in the product 08800654242 or
2. Give us a missed call at 0124-3959400 to report the code
Agency keeps track of the coupons registry by the members and sends conformation
SMS to the member upon successful registration. Then convert points accumulated by
the members twice a month and company credits money to the members account linked
with the membership account.
Docs. Collection+Form
Filling
Scrutiny by TSR+Sending it to
Agency & Bank
Agency Issues Card & Sends it to the CSA(C&F)
14 | P a g e
In the points accumulation process one point equals one rupees (INR).
Transaction Diagram
15 | P a g e
Free Hit Programme Details as on Jun 2014
The task was to check the significance of the loyalty program being run by the company,
solve & escalate issues with regards to Free Hit Programme in the state of Bihar.
Database provided by the company contained following details
Non Active 1561 78%
Active 452 22%
Total 2013 100%
These instillers were from following Territories of Bihar-
North Bihar
1.Muzaffarpur
Shri Subham Electricals
Mithanpura Club Road Ramna Musahrt
Muzaffarpur
2.Darbangha
Aparajita Sales
Poonam Cinema Road Behind Nanak Gas Agency
Lalbagh Darbhanga
3.Madhubani
Electric Centre
Opp. Shankar Talkies
Madhubani, Bihar
Non Active 80
Active 32
Total 112
Non Active 97
Active 31
Total 128
Non Active 87
Active 32
Total 119
16 | P a g e
4.Purnea
City Hylam
Hotel Pankaj Complex Bhatta Bazar
Purnea, Bihar
South Bihar
1.Aurangabad
Gima Enterprises
Near Devi Mandir Shahpur Road
Aurangabad, Bihar
2.Bhagalpur
Bihar It Compare
Bhikanpur Gumti No.-2 Moti Mishra Lane
Bhagalpur, Bihar
3.Gaya
R.S. Enterprises
Near Godown More
Town Block, Gaya Bihar
4.Rohtas
Vishal Electric & Electronics
Rohtas Bihar
Non Active 94
Active 27
Total 121
Non Active 65
Active 18
Total 83
Non Active 162
Active 49
Total 211
Non Active 144
Active 46
Total 190
Non Active 47
Active 10
Total 57
17 | P a g e
5.Sheikhpura
Dadi Jee Enterprises
Barbigha, Sheikhpura
Central Bihar
1. Ara
Reeta Electronics
Jail Rd. Ara Bhojpur
2. Nalanda
Rajdhani Electricals
College Rd.,Sohsarai
Bihar Shariff, Nalanda
3. Patna
Girija Enterprises
Rd.no. 3, Sanjay Gandhi Nagar
Hanuman Nagar Patna
Ekta Sales Mithapur Patna
4.Rafiganj
New Light House
Main Rd. Aurangabad ,Rafiganj
Non Active 74
Active 29
Total 103
Non Active 88
Active 32
Total 120
Non Active 127
Active 38
Total 165
Non Active 254
Active 66
Total 320
Non Active 79
Active 08
Total 87
18 | P a g e
5. Vaishali
Sakshi Enterprises
Sadanand Market Gudri Road Rajendra Chowk
Hazipur, Vaishali
Non Active 163
Active 34
Total 197
19 | P a g e
V. Prevailing Issues with the program
Instillers interaction of different districts indicate following challenges to
be acknowledged on priority-
Technical
Technical challenge refers to the call centre failing to call back the electricians
desiring to register the coupons due to calls getting abandoned with MSE server.
SMS server also responds weird due to congestion.
Infrastructural
Call Centre Executives warn electricians not to call more than once, while they
were not communicated about the technicalities of the MSE server. They insist
on SMSs. Registration Process is over all too long. For an instance if we assume
one electrician has got 40 coupons to register. It would take at least (40*40
secs=1600 i.e. 27mins approx.).Members also don’t find transparency in the
whole process as there is no way out to track the accumulated points from their
end until company sends them conformation SMS.
Supply
Electricians also have common complain about the products not being available
at suburban counters. Fast Moving products are 2.5 mm wires which retailers
faced stock out in Patna, Hazipur, Nalanda, Ara for over 3 months and Rapid
fans which was a seasonal product also had stock out. So electricians even they
wanted to push sales but could not due to stock out.
Trade Partners Challenge
Trade Partners when they were given the cards for distribution, they didn’t feel
it was important. As a result they kept all the cards with them and that resulted
into high number of non-active electricians.
Customer Service
Company didn’t have any follow ups after meet. Company doesn’t have a
dedicated customer service helpline for the loyalty program. Electricians were
finding it in-transparent as they were not left with any means of double checking
the points accumulated in their accounts whenever they wanted.
20 | P a g e
VI. Trade Partners Feedback
Trade Partners involved with this programme are mainly Distributors and Dealers of
different territories. They play a vital role in the loyalty programme as they are the faces
of the company in instillers mind and any feedback good or bad, members directly go
to them. While on project Trade Partners were also approached to express their view
regarding Free Hit Programme.
Incomplete Product Portfolio: Trade partners had a common complain of product
portfolio being incomplete. They specifically mentioned that company offers only
modular switches, which is demanded only in the urban market projects. So even they
try to push but customers are not ready to buy those in Bihar Market. Electricians and
customers both are confused with company offerings.
Supply Issue: Company’s demand forecasting system is not able to meet the present
demand. Especially Distributors and Dealers in South Bihar struggle with the supply.
High Moving Products such as Rapid fans, Wires (1.5, 2 and 2 mm) have faced stock
out for over 2 months.
Outsourced Vendor Production Policy: Company’s outsourced vendor production
policy creates quality issue. They referred to the incident occurred in Feb.2013 when
after wiring wires turned black within 2 weeks. Because of that company lost electricians
trust in quality.
Local Promotion Issue: Company except flex boards, has not been able to find ways
of engaging customers through local level promotion. That may be done through
events. This results into trade partners have to put in their money alone for promotion.
This is majorly done by incentivising sales made by electricians and retailers to achieve
their sales target.
In shop Branding: In shop branding request is pending since last 18 months. Shops
were mapped for in shop branding and requests were sent too but nothing has
happened so far except flex boards fitment at the counters.
Sales Representative not very responsive: Trade Partners also added further that
TSRs make visits for the payments. Their contribution in secondary sales is zero. When
they approach they don’t seem to be very responsive in providing solutions.
21 | P a g e
R & R scheme: Reward & Recognition scheme is limited to company personnel.
However reality is that it’s them who help company survive in the market. Ideas brought
in by trade partners are not discussed in the meetings.
Dominating CSA (Central Sales Agency): CSA is very dominating in Bihar. As they
have to be in line with them from order taking to payments. But their main focus is to
help Ekta Sales only be it supply, leveraging collection period or special offers etc.
22 | P a g e
VII. Competitors Analysis
Company’s main competitor in Bihar market for Loyalty Programme is Havells. They
have a well-organized Loyalty programme running by the name of Havells power plus
Programme.
Comparative Analysis of Havells power plus and Luminous Free Hit
Features/Benefits Power Plus Free Hit
Eligibility Retailer/Electrician and Electrical Contractor
Electricians and Electrical Contractor
Registration Online, Through DBs/Dealers, SMS, Telephonic
Only through electricians meet
Points Accumulation All products EIP (electricians involvement Product) only
Customer Service Dedicated helpline NA
Follow Ups Every Fortnight NA
Trust Immense due to brand equity
Poor, Acceptability only due to PR
Redemptions Facility May redeem it for holiday packages, automobile, electronics, mobile top ups, home accessories, utility bill payments, personal accessories, vouchers
Only cash via Direct Deposits
Local Sellers: Local sellers are exploiting the market to a greater extent due to
integrated cash reward scheme for selling their products. Companies like greatwhite,
polycab etc. have coupons inserted inside the pack. Those are redeemable right away
with even retailers and then company adjusts it under credit note with their bills.
Immediate cash reward influence the electricians to sell their products more.
Company’s competitor’s strategy towards the loyalty programme doesn’t seem to be
effective. Company has to combat to come up with a flexible programme. That may
actually attract the target group.
23 | P a g e
VIII. Findings
Beginning of the project
Attributes Members Enrolled
% of Total
Active 827 22.6
Non Active 2825 77.4
Not Received card 1695 46.4
Unaware of the Program me
1130 30.9
Total 3652 100.0
22, Active, 452
78, Non Active, 1561
84, Not Received card, 1695
31, Unaware of the Programme, 624
Beginning of the project
Active Non Active Not Received card Unaware of the Programme
24 | P a g e
Personal interactions with non-active instillers and motivated them to
activate the card and also helped them understand the registration process.
At the End of the Project
Attributes Members Enrolled % of Total
Active 1350 67
Remained Non Active 663 33
Received Card 1510 75
Promoting Luminous 1350 42
Promoting Other Brands 503 25
Promoting but Dissatisfied with the Process
1601 80
Not Promoting Due to Tiring Process
512 25
Will Promote Highly if Cash Incentive
1879 93
Members Could Not be Traced 350 17
Total 2013 100
Active, 1350
Remained Non Active, 663
Received Card, 1510
Promoting Luminous, 1350Promoting
Other Brands, 503
Promoting but Dissatisfied with
the Process, 1601
Not Promoting Due to Tiring Process, 512
Will Promote Highly if Cash
Incentive, 1879
Members Could Not be Traced, 350
AT THE END OF THE PROJECT
25 | P a g e
IX. Streamlining the Programme
Concerned Areas
Identified flaws with free hit Programme are
Trade Partners Non-Cooperation: Trade partners are not excited about the
company’s initiative of the loyalty Programme. This is very much visible at the counters
when electricians come to place order they don’t offer luminous’s product unless
specifically asked. Extra work being imposed on them for card distribution and
objection handling regarding free hit Programme but there is no margin for the
additional resources deployment, and efforts.
Cloudy Operation: Loyalty Programme demands a dedicated helpline to acknowledge
the queries and concerns of members else they go to the DBs/Dealers seeking answers.
Which gives negative impact on their sales as well as relationships that they have built
with electricians.
Non-responsive Company Personnel: TSRs core job is to help company increase
sales but they are being dragged into handling loyalty Programme. It has affected their
performance achieving sales target.
Inefficient Technical Setup: Company’s inefficient technical setup for operating the
Programme has resulted into 25% of total enrolled members are not still not interested
promoting luminous products and 80% out of total active members are promoting yet
dissatisfied with the free hit Programme due to overall process is too long.
Possible Measures and Solutions
Company has to focus on operational efficiency
Intense follow up required by the sales team
Company has to keep hitting electricians mind through nukkad/counter meeting
at least once in every 2 months
Deploy dedicated resource if possible to handle the loyalty program
Immediate modification is required in the coupon registration process
Company may plan BTL promotion at local level(state specific via events)
Need to work from building trust perspective
26 | P a g e
X. Limitations
Although it was never the intention to evaluate trade partners contribution in the Free
Hit Programme but it turned to be impossible due to their strong and influencing hold
on electricians. This is a limitation as it was instructed by the corporate guide to have
their least involvement in order to get the legitimate causes of Free Hit being less
significant.
Personal interaction with enrolled members randomly across the state and time for
project completion was only 9 weeks.
Limited resources was a challenge too. As the project required 150 kms travel every day
for visiting different territories but company promised to reimburse the travelling
expenses post project completion.
Corporate guide expressed his regret after asking the sales data to analyze the relation
between sales and electricians performance also to know what would be per electrician
contribution, once loyalty Programme becomes a success.
The limitations of this project must be kept at the forefront. It is against these that any
conclusions and suggestions must be considered and framed. Every effort was made by
intern to address these issues, but some were beyond the scope and control.
Nevertheless, the conclusions and suggestions add to the understandings of
“Significance of Luminous Free Hit Programme”.
27 | P a g e
XI. Conclusion and Further Scope
Conclusion
The study conducted at Luminous Power Tech. Pvt. Ltd. Which is a pioneer and market
in the domestic market for Inverters, also has forayed into HEB (Home Electric
Business), 3 years ago. Company has adopted a significant step of promoting HEB
products through electricians by enrolling them into their Free Hit Loyalty Programme
and providing incentives to them through direct deposits. Programme is less significant
at present, however implementation of suggested measures will turn the Programme
successful and help company exploit the market in this segment.
It was found that company has a good working environment and cordial relationship
with all departments & Trade Partners for smooth functioning of business and
achievement of organizational goal. Loyalty Marketing Programme was one of
revolutionary strategy taken by the company to promote its products also to act & react
to the market change quickly as their involvement is with the most influential entities
in the buying process.
Further Scope
The present study has been made to suggest and develop some tools which will be
useful to the company to have an effective Loyalty Programme. Current loyalty
Programme being offered by the competitors provide variety in terms of point
redemption. Luminous is under transition of merger with Schneider Electric for HEB
offering so in future company may leverage its limitations regarding investment on the
loyalty Programme to make it more customer friendly and offer variety to its members.
Study results reveal that loyalty Programme has not been able to engage the members
to the large extent but debating on the Programme design may produce some vital facts
to be reworked on.
28 | P a g e
References
www.luminousindia.com
http://luminouspowerman.com/about-us.asp
http://www.havells.com/powerplus.html
Luminous Internal Database
Evolve Brands Database