Project Proposal: Impact of Launching Romaqua Group's Beer Product in UK through E-commerce
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Added on 2023/01/13
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This project proposal aims to explore the impact of launching Romaqua Group's beer product in the UK through an e-commerce platform. It will study consumer behavior, competitors, marketing strategies, and consumer preferences for online beer products.
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Project proposal Table of Contents Field of Research...............................................................................................................2 Research question..............................................................................................................2 Scope and limitations.........................................................................................................3 Resource............................................................................................................................3 Budget consideration.........................................................................................................4 Gantt chart........................................................................................................................5 Risk register.......................................................................................................................5 1
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Project proposal Field of Research The aim of this research is to explore the impact of launch of Romaqua Group’s beer product in UK through e-commerce platform only. The focus of the research will be studying the consumer’s behaviour while purchasing a premium level product through is imperative to the organizations of today to do marketing in order to stay ahead in the consumers mind. However, there are too many brands and too many marketing messages that consumers are bombarded with daily. In such a world, it is difficult for consumers to remember every brand and thus, they are very selective. It is thus important for companies to understand how their marketing messages are creating impact on consumer so that they can build right strategies to retain them(Mittal, 2013). Research question The aim of this project would be achieved upon answering following research questions: Which competitors are already selling similar product in UK market? Among the competitors which of them are selling through e-commerce medium? What consumer behaviour patterns can be observed in the online ecommerce space? How do companies market their products online in the ecommerce space? What are preferences of online consumers for beer products? How are important consumer touch points where brands interact with consumers? Howdomarketingmessagescreateanimpactontheecommerceconsumer behaviour?(Mijhael & Pimentel, 2015) On the basis of research questions mentioned above, following are identified as research objectives: Understanding the competitors of UK markets in beer industry. Understanding behaviour of customers of online purchasing of UK. Exploring many factors which can cause satisfaction through online purchasing. Understanding the strategy used by competitors for satisfying the customers. Studying the industry best practises and then comping up with recommendations on creating online purchasing for achieving high level of customer satisfaction. 2
Project proposal Exploring the consumer’s perception on brand value, quality of service and perception of brand in UK which provides online purchasing services (Sashi, 1994). Scope and limitations Following are in-scope items of the proposed research: The research will remain limited to beer industry in UK. Depending on the selected research type, researcher or data sources shall be approached. Understanding how consumers purchase beer in UK Exploring different strategies to manage beer consumption in the country. Understanding the working of online business in UK Investigating the possibility of selling beer on online medium only. Understanding the mechanism to start online business without having a physical store in UK Exploring technologies which be used to change the process of buying beer via online medium and then coming up with an emergency issue resolution centre so that trust of the customers is not lost. Exploration of how the selling of beer can be benefited through online medium. Resource Following resources will be used in developing the proposed project Researcher – This resource will report to the instructor and will be responsible for performing tasks such as developing framework for the research, conduct surveys, etc. Besides, human resource, the key resource to be used in the research is the questionnaire. Primary method shall be used to collect data for analysis. It has two components i.e. questionnaire and interview. Questionnaire can be prepared using services like Google forms (free) or by using paid services like SurveyMonkey. It does have a free version as well. I will go for the Google form considering its easy-to-use user interface. In case of interviews, an interviewer and interviewee will be required. Interview shall include the employees of e-commerce firms or the market analyst. The interviewer resource needs to visit the interviewee and using the questionnaire, the responses shall be recorded. Around 20 different responses are required for performing efficient data analysis. 3
Project proposal Budget consideration Time phased estimation will be used to estimate the cost of the proposed research. It includes estimation of both primary and secondary research (Pinto & Verma, 1998). As mentioned in the previous section, main research method shall be primary but it is better to have budget estimation of the both the techniques: Project ActivityMonth 1Month 2Month 3Month 4 Study of research background10£ Formulation of objectives20£ Study of past literature on subject30£ Identificationofresearch methodology 10£ Data collection50£ Data analysis30£ Data Interpretation and discussion10£ Report preparation- Taking care of formats and references- Proofreading and editing of report- Research Report submission- Total for each week70£90£00£ Cumulative total70£160£160£160£ Gantt chart 4
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Project proposal Risk register Risk categoryRiskSeverity Responsibilit y Data collectionIncorrect collected data1Researcher Insufficient collected data2Researcher Data analysisLack of SPSS knowledge3Researcher References Mittal, A. (2013). E-commerce: It’s Impact on consumer Behavior.Global Journal of Management and Business Studies., 131-138 . Mijhael, O., & Pimentel, T. (2015).Consumer behaviour in E-Commerce.Helsinki Metropolia University of Applied Sciences. Virine, L. (2013).Integrated Qualitative and Quantitative Risk Analysis of Project Portfolios.Casualty Actuarial Society. Pinto, J. & Verma, V. K., 1998.The Project Management Institute Project Management Handbook.s.l.:PMI. Sashi, C. M., 1994.Conflict Resolution Strategies and Marketing Channel 5