Peculiarities of Innovation on Consumer Packaged Goods Industry in the Indian Market


Bachelor Thesis, 2019

95 Pages, Grade: A+


Abstract or Introduction

Fast-moving consumer goods, also known as consumer packaged goods include those products that are sold quickly and at comparatively low cost. To discuss the statement of innovation, it has been reviewed that today most fast moving companies are trying to achieve their vision, mission and objectives to meet profit, growth, gain. They achieve these factors by creating innovative products because the leading companies are known as innovators which try to keep changing their current environment and want to make it more effective.

This study was conducted to find out the characteristics of innovation in an emerging economy (India). A theoretical model was developed and six factors were highlighted that can impact innovation in Indian FMCG sector positively or negatively. Data was gathered through surveys and interviews. Sample size for surveys was 200 and that of interviews was 5. Collected data was analysed using frequency distribution, descriptive statistics and regression analysis. It was found that entry of new firms, product market competition, investments in R&D, attitude towards behaviour, subjective norms and observability have positive impact on innovation in Indian consumer packaged goods sector. The study concluded that innovation is the heart of sustainability through which emerging economies can gain competitive advantage. Innovation is very important for the success of an economy.

Details

Title
Peculiarities of Innovation on Consumer Packaged Goods Industry in the Indian Market
College
Coventry University  (Faculty of Social Sciences)
Course
Business Management and Marketing
Grade
A+
Author
Year
2019
Pages
95
Catalog Number
V1449223
ISBN (eBook)
9783389003626
ISBN (Book)
9783389003633
Language
English
Keywords
Consumer behavior, Innovation strategies, Supply chain adaptations, Cultural influences, Market dynamics
Quote paper
Nashra Rafiq (Author), 2019, Peculiarities of Innovation on Consumer Packaged Goods Industry in the Indian Market, Munich, GRIN Verlag, https://www.grin.com/document/1449223

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