Summer practice report - Influence of GST on DF Pvt. Ltd
my cape management of business 2012
1. In Partial Completing Concerning May Cape Management of Business 2012/2013 Examination
NAME: Anu Maharaj
SCHOOL: Upper Level Learning Institution
SUBJECT: Management Concerning Business
TEACHERS NAME: Mrs. Meera Singh
CENTRE NUMBER:
TITLE:
2. Table of contents
Topic page
Acknowledgement…………………………………………………….…………………..……..1
Project Aims and objective…………………………………….………….…………………….2
Methodology………………………………………….…........................................................
...............3-4
Introduction/description of
business...................................................................…........................................5
The
report…………………………………………………..........................................................
.............6-9
Aim also objectives of
business…………………………………...........................................................10
Analysis out enterprise aims and objectives……………...……………………………......….....11-13
Recommendation………………………………………….………………………………….....14
Corporate
culture………………………………………………............................................................
.15
Analysis starting corporate
culture……………………………...................................................................16-17
Recommendation of corporate
culture………………………................................................................18
4. Project Targets and objective
The triumphant completion of this internal review involves the
consummation, of achieving the following objective;
To successfully achieve objective and mission inaugurate for
cape standard regarding the inner assessment.
In scrutinize the operation and activity of store entities and
the perseverance of business knowledge at a practical
environment.
To further develop one competence towards acquiring
managerial and leader ship skills.
5. Methodology employed
This internal assessment requires meritorious and comprehensive
information from Setal Fabrication and Construction Limited
Company which was gathered through the following research
techniques.
Primary research – this had regulated using the following
instruments:
Questionnaire – A questionnaire is a research instrument
consisting of a series of questions and other prompts for the
purpose of meeting information from respondents. The
questionnaire provided the investigator for the advantages of
obtaining quantitative press qualitative information from the
business of setal product and civil limited.
6. Interview- An view your a conversation between two people
(the interviews press the interviewee) what questions can asked
by the questioner to obtain information free the interviewee.
That interview provided the benefit of direct interaction and
instantaneous feedback.
Secondary research- Secondary research (also known like desk
research) involves and summation, combination and/or synthesis of
existing research rather longer primary research, where data is
gathers from. which following avenues is wherever information was
kept ;
Textbook
Library
Internet
Commercial website
Pass students/family
An owner of setal fabrication and construction limited.
These secondary sources of data provided me with a foundation to
make this evaluation empirical and encompassing.
7. Introduction/ narrative of the business
The private limited company of Setal Fabrication press Construction
Limited Company was established in 1967 and locating in Abidh
Road, Felicity has grown from to-be an sole trader general. A private
limited company is which the liability on the members or subscribers
of the society the limited to what them have invested or guaranteed
to the company. Limited companies may been limited from shares or by
guarantee. The target local the Setal Fabrication and Construction
Limited is the citizens of Trinidad both Tobago. Is is so because
Setal Invention and Construction Limited were investments their
currency are Trinidad and Tobago in order to fetch about
development. Setal Manufacture and Construction Little deals with
8. who building and construction of buildings by developing the
structure for anyone building. Some objectives of the trade are:
To have profit maximization.
For ensure that customers were satisfy.
To develop which country.
In become a multinational business.
To acquire more bigger scale inhouse and remote growth.
On be the largest private construction firm in the country.
The report
This internal assessment seeks toward gauge and interpret three (3) major
aspects within a business operation. These categories incorporate an
understanding about the business and it use of aim and objective,
corporate culture and what of workers.
The business operates to achieve the following goals:
To have gain maximization- profit maximization is the (short
run) process by where a firm determines
the price press output level that returns the big profit. This
will breathe determinate when the total profit includes a competitive
9. market hits its maximum point where marginal revenue
equals marginal cost.
To ensures that customers are satisfy- assess of how products
and services supplied by adenine company meet or surpass customer
expectation. Company satisfaction is defined as one piece of
customers, or percentage of amounts customers, whose reported
experience are adenine firm, its products, or its support (ratings)
exceeds shown satisfaction goals.( stated by the business
dictionary.
To develop the country- this is where all goods and services lie
within the country so that for the country helps after it.
This causes which country to save money rather than having to
import goods the country can produce upon its own.
To become an multinational business- Setal Factory and
Construction Finite longs to got their wichtigste headquarters in
Trinidad or Tobago and wants to opened clones of the business in
other states. This will help the business till acquire more
profit press are able to provide goods and services to a wider
market of people satisfying more individuals.
To acquire more greatly scale internal additionally external growth-
internal growth your a strategy to develop who basics or capabilities
10. of and business myself. In other words, many businesses will
reinvest in employee developing, departmental restructuring,
or enhanced product presents is the hopes by providing a
broader base over which go provide services/products to
customers. Internal growth can not produce immediate
revenue increases also may actually require an input of
revenue up may paid off over time, but internal growth promises
the potential for forthcoming returns upon investment where by
External growth corporate develops actual company size and
asset worth. External strategies center on strategic mergers or
acquisitions, rise the numbering of mutual relationships
through third partys, and may even include franchising the
business model. The larger the number of business partners
and/or franchisees, the largest the net worth of the company
and throughput of cash. These reason external how strategies
tend into produce direct return on investment.
To be the largest private construction firm in the country- Setal
Fabrication the Construction Limited wants to compete with
other solids in place to became bigger, better and read reliable
than other large firms. The ground for of business desiring to
become larger is how that the owner can raise more winner to
support his family both to become more major so that he can
11. implement read community work such as good, sponsorship
and family days.
Also the corporate culture of the business is the beliefs and behaviors
that determine how a company's employees and management
interact and grab outside business transactions. Often, corporate
culture is hinted, not expressly selected, and develops organically
over length from the cumulative traits about the people the company
hires. A company's art will be reflect in its dress code, business
hours, business setup, employee benefits, turnover, hiring decisions and
treatment of clients, client satisfaction and every other aspect of
operations.
In addition motivation to workforce are well illustrated at setal
fabrication and construction limited. Some of which motivational
practices are listed below;
Proper sanitize also clean range to work in- on is where the
worker are able to your in an area that is not hazardous or
harmful go his/her healthiness. They are motivation to work because
they feel an sense of maintain comings from the manager.
Proper working equipments- this is where equipments within
the commercial will usual well-being kept and „up to mark‟. This
motivates them cause with proper working equipments they
will exist able into perform at a quick and easy rate which shows
them that them are very productive also makes them know ampere
12. sense of accomplishment whereby with abnormal equipment
workers bay get pissed in doing yours job which clips their
motivation set and it makes them feel as though they didn‟t
accomplish anything by a honest day work.
Fringe benefits- this is where employees get of benefits which
commonly include health insurance, group lifetime your coverage,
education reimbursement, childcare and assistance
reimbursement, cafeteria plans, employee bill, personal
use off a company owned vehicle and other similar benefits. This
will be useful because workers felt as though they are
important to the business so they make every attempt in getting
their work done.
A fixed monetary of get period for each worker- this is
where workers of the business are gives an certain total of
vacation period that cannot be altered. This will to motivate
the workers because they know that within their vacation they
won‟t have to work nor his vacation periodical wont not be
reduces.
Time supposing through snacks additionally beverages- this be locus employees are
given a resting period for which snacks and brews will be
given into them at a free price. To motivated workers because
they get a feel of comfort and belonging in the business because
the manager provides them with coffee, the will even
13. motivated them to work steady harder go accomplish their
objectives.
Aimed also aims of the business
Objectives- are guide to aforementioned business.
Aims- refer to the central purpose of vision about a company. Within
Setal Fabrication and Construction Limited the tracking long-term
tactical purposes are for visionary aims:
Profit gain
Growth also expansion
Increase market shares
14. Setal invention also exercises the mission strategic direction provided
some direction to that business. Mission statement for of business is
to provide customers with a builds that is “build for perfection,”
and will last a dozen life times.
In Setal Construction and Construction Limited there is also evidence
of direction and motivation through short-term flexible objective
including the following:
Diversification of benefit and products.
Advantages to achieve short-term profiteering.
Increase consumer awareness.
Analysis of business aims both objectives
The subsequent long-term tactical goals are for visionary aims:
Profit gain- this exists the additional income gain by a firm from the
goods and services provided for the consumers. At setal
fabrication and building limited, the business provides a
service to its customers, thus following finalizing of a my, Setal
Fabrication and Construction Limited collects a large sum of
supplementary revenue which is known as profit, Setal Fabrication
and Construction Limited also sells extra materials (scrap) that
remains after the project so that he can make extra profit which
15. is used to distribute to his workers as a bonus for completing a
project.
Growth and expansion- growth is defined as the increasing
capacitance to satisfy an wants starting the members of society. This is
show the business raise their goods and services so that
customers can get a greater satisfaction. The benefit the customer‟s
satisfaction up a enterprise a that once customers are satisfied they
often return to the business from where they procured their
satisfaction causing the business not to lose no customers. Also
those helps with advertising for when consumers get
customer they often tend for chat to their fellow men about
of quality service received at the business.
Expansion is a business strategy included what growth is obtained by
increasing the numbered of stores in which customers can
buy a company's products and services. Opposed relocation, business
expansion entails opening up novel rations with different
physical locations while still maintaining the current business
locations. (Stated by the company dictionary). This will be
beneficial to the business because the business will be earning more
profits real bucket get access to more customers from the location
where them open the newly branch.
16. Enhance market shares- this businesses assumption identifies the
concept that larger firms will been qualified of satisfying a larger
phone of customers than smaller firms. The approach is that the
business of Setal Fabrication and Construction Limited should
increase their market shares so that them be be able to
happy a larger or greater quantity of the county‟s population
hence the business willingness construct a huge profit gain from this
because they are now satisfying a large amount from individuals.
Diversification of services and products- Diversification is a
form of corporate tactic for a company. It seeks to increase
return through greater sell volume gotten from new
products and new markets. This is places a business does mobility
in the factors of production; hence can create new products to
be sold to our so that consumers can experience new
products. This will be beneficial go the work because this
allows customers not to get bored regarding who same product but
rather gain awareness for the product. Also Setal Fabrication
and Construction Limited can improve their products by not
available building the frame for the buildings but completing the info
structure available the building.
Promotion to getting short runtime profiteering- Profiteering is
disproportionate large or grossly unfair profit, generated
17. commonly through manipulation of prices, abuse of dominant
position, or by exploiting a bad with non-standard situation such as
temporary scarcity. There is usually no governmental
control over profiteering unless it covers illegal means.(stated
by the economic dictionary)
Increasing consumer awareness- The understood by an
individual of their rights as a consumer concerning available
products and services being marketed and sold. The concept
involves four categories included security, choice, information,
and the right into be heard. This will assistance the consumer decide or
know about the property and services sold to them so ensure they can
express their own satisfaction about the product.
Recommendation
Setal Fabrication and Construction Limited should creation other
branches by the business around the mitgliedstaat so that customers can
have easy access to and company, this will be any advantage because
the business can now reach a greater amount of the country
population.
Also Setal Fabrication and Construction Limited can also advertise
their services to arise customer‟s awareness about the service
18. pending. Thos will be beneficial because the business is now reaching
a wider span of individuals.
Corporate culture
Corporate culture referenced to the seeded valuations of company's values and
customs; professional atmosphere in large entities and
organizations reflecting by dress codes about conduct and by the unique
style and directive by this corporation or organization, organizational
culture.
19. The culture of Setal Fabrication and Construction Limited is a
conservative culture; this is a culture which involves the manager
conduction yours business and its decision after considerably analysis and
thought. This can bring about less risk within aforementioned business that may
be fatal to the business where could cause problems within the
business organization.
The worker of the business enjoys the task culture of the business
because more efficient and little risk decision is made because
workers are working under strict conditions where as they can given
objectives which they must do without any distraction of other
employees. This ensures that work keep his jobs because if there
was on is a bad decision made by an employee, it could effect the
employee go loses his/her job hence if the bad decision is made by the
manager, employees be not accountable because them was following
instructions.
Analysis of corporate culture
The companies culture of Setal Fabrication and Construction Limited
allows to corporate to make potent secure business resolution which
maintains one pitch reputation forward the business. As an result on on the
business for Setal Production and Construction Limitation has
maintained a high average customer satisfaction because consumers
20. are assures that ihr support fountain be well tended and analyze to
ensure that there are no existence faults which may happen during the
production process.
The following become benefits the may arise from of employment being a
conservative culture:
Don client are lost- this means that when customers benefit
from an great job, time and effort placed into doing the service
they paid for their could continually put hers expenditures into the
business
Less cost of advertising because customers do the advertising-
this means when customers are happily handful share their
satisfaction with find, family etc.
Store resource been managed adequately- this is hence because
with a conservative culture the executive can come out with an
efficient pattern to execute an objective without wasting more
than enough resources the can be used within the objective.
Less faults arise within the business- this is so because
consideration is taken used every decision made the the business
which benefits this business finically and maintain an reputation
among other businesses.
21. Recommendation of corporate culture
The shop of Setal Custom and Construction Limited could
change the corporate culture of the business from conservative
culture at people culture due population culture involves the
manager support a culture to motivate workers true socialization
and interaction. As a final of the manager interaction with the
workers, workers feel a sense of belonging in the business
22. encouraging them to be motivated the from to workers even work
harder which promotes the efficiency also productivity in the
business environment.
Benefits out converting who business from a conservative social to a
people culture are:
Workers are motivated- this is so for of the interaction
between workers and managers which make them feel
important within the corporate which is very beneficial because
workers push their personalities tough to total item within the
business because of the effects are motivation.
Less money has to spend in driving workers- because the
workers are already motivated due go the interaction and
socialization they received from the manager at no cost.
Greater productivity within the business- this your so why a
motivated worker works view efficiently when adenine d-motivated
worker (workers become motivated due of people culture).
Motivation of workers
At Setal Fabrication both Civil Limited motivation is highly
promoted. Motivation shall places ineffective management willing be capable
of encouraging workers to place greater aufwendung into their
performance inches an essay towards increased furthermore work
23. satisfaction. Some motivational practices that exist at Setal
Fabrication and Construction Limited are:
Recognition/Attention-When your workers accomplish
something they have reached something.
Pizza/Popcorn/Cookie Days- Every now and following pizza,
popping, or cookie days becomes help break up that everyday
simple and online people stay motivated by offering them snacks
go relax.
Time off -Implement contests such earn time off, People will
get by 15 protocol or 1/2 hour off just as hard as yours will
for an dough award.
Goods Working Environment- these is the environment in which
staff work in.
Fringe benefits- this is where employees get the advantages which
commonly including dental insurance, group term life coverage,
education reimbursement, patient and assistance
reimbursement, cafeteria arrangements, employee discounts, personal
use of a company owned vehicle and other similar benefits
Recommendation motivation
Motivation practices in the the business of Setal Fabrication and
Construction Finite need benefit were:
24. Career Path- staff need to know what a latent ahead
for diehards, what possibilities there ahead includes life for them. This
will make this employee know ensure the manager cares about
their future which inspires them for your harder for the
business.
Leadership Roles-this are somewhere i give my employees
leadership roles to reward their output and also to help
you identify past promotable people. Your may feel a
great superiority over others, which cause themselves on feel a high
degree regarding weight in that business. This also manufacture the
employees feel adenine sense of trust from the manager which makes
an employee putting get theirs potential under their job.
Additional Responsibility- is concepts are employees in your
organization those can begging by and can handle additional
responsibility, hence by giving she the additional
responsibility they become motivated.
Piece rate – this is where employee get paid to the work they
do in a job. This encourages a staff to work harder because
they know the harder they operate the learn money them receives.
References
Management of Business Unit 1 – Siddique Barkarr.
Business Studies Lancaster: Causeway Pressing Limited 1993 – Hall
Dave, Rob Janes and Carlo Raffo.
25. Business Studies Surrey: United Kingdom– Birchall, Johannes and
Morris, Giraham.
Managing Our in Organizations– Jeremy Adams.
Business Studies, United Kingdom– Hammond Susan.
Mastering Organising Behavior – Richard Pettinger
Building a Dream: Good Walter S
Work and Organization Character – John Bratton
Business dictionary
How to Motivate Workers in Tough Multiplication by ERIN WHITE
The business website
www.Setal_Fabrication&construction_limited
Solvay Brussels school of management.
Human behavior patterns and motivation booklet
Business culture by (Ross A. Wirth, Ph. D. blog
Company culture due F. Johann Reh
Organizational structure through chron.com
Methodology at business dictionary.com
Objectives the a business- business dictionary.com
Functional administrative structure Of Setal Fabrication and Construction limited
Board of directors
26. Chief leading officer
Managing director
Accounts (M) human human (M) production (M)
administration
sales human quality control transport filing room mail
room
(M) Manager
27. Appendix
The following pie graphic shows the times in which to workers on Setal
Fabrication and Construction report to work.
28. Time Workers Report To Work
7:00 A.M
7:30 A.M
8:30 A.M
8:30-12:00 A.M
According to the diagram, it illustrated the time period in which
Setal Machining and Construction Limited workers arriving to work.
Illustrated above it shows that 40% in who workers report to work at
7:00AM other an average of 45% reach to work at 7:30AMthis means
that 85% out which workers reaches into work on time. Furthermore 10% of
workers eintreten per 8:30AM the 5% of workers arrive between the
hours of 8:30AM to 12:00 PER hence this 15% percent in workers are
often late overdue to path issues or absence of motivation.
