BUSINESS EXPOSURE

I.1 INTRODUCTION
About the business Exposure

Business exposure is an introductory course and provides an overview of business and the role that business plays in economic, social, and political environments. In addition, it will provide exposure to the functional areas of business such as management, operations, marketing, and finance. There will be opportunities throughout the course to discuss current events in business as they apply to the topics being covered.

The fundamental concepts of business and economics will be introduced. The course provides an overview of U.S and international business topics as well as ethical issues

related to business. Students focus on the comparative advantages and disadvantages of the various forms of business ownership, as well as explore business organization and the nature of management. They will discuss the functional activities of a business. Topics related to management information systems, production/operations management, and management of human resources will be covered. Students will also discuss topics related to marketing and financial management.

I.2

Importance of Business exposure:

While business exposure is synonymous with start-ups, business planning is important for all businesses, regardless of their age or maturity. A business plan is essentially a future oriented description of how you intend to trade as a commercially viable operation.

Given that the plan is essentially predictive in nature, it will need to contain a number of assumptions which the reader will need to accept as being plausible in the context of the opportunity being described. Once you are trading, it is a little easier to forecast data as will have some historic facts upon which you can estimate with greater

certainty. However, we all face uncertainty in our daily lives which is precisely the reason we need to embrace, business and planning.

The process of business planning is , in and of itself , a worthwhile pursuit as it forces the manager to remove themselves from the day-to-day tactical and responsive mode in which many managers operate, In particular , they must take into account the resources at the companys disposal and plan to maximize the return on capital , with the resources at their disposal.

I.3

Scope of Business process Exposure:

Enterprise applications can be designed, developed and implemented within an organization. It may also be purchased from an independent software developer that often installs and maintains the software for their customers. But what is an Enterprise Application?

It is software that performs business function such as Accounting production scheduling, Customer Information Management, Inventory Management and the likes. A common concept of such an Enterprise application is the ERP (Enterprise Resource Planning) software. Major players in this field include SAP, Oracle, PeopleSoft, JD Edwards and MFG pro but there are thousands of competing vendors. These ERP packages are built on various platforms using different technologies, but they all perform more or less similar tasks in the manufacturing and logistics domain. For instance, if you take any manufacturing organization, it would ideally have these major operations: 1. Sales You have the sales orders generated 2. Production The goods manufactured / produced based on the order 3. Warehouse Where the goods are stored before dispatch 4. Distribution Dispatch the product to the customer who has placed the order 5. Finance Where all the accounting entries are registered

With application software, an organization can merge all these individual operations and create a workflow. This would give the baseline of how the information will be shared within a system. Any standard ERP can take care of these operations.

I.4

Objectives of business exposure:

It is based on a requirement given by the Customer hence the software must take care of Customer management . All information related to a customer is stored in the system

To explore the industry. To understand the different functions of business. To understand the different types of business process. To experience the chemistry at work. To become aware of the role of the different people in an organization. To become aware of courier approaches. To recognize the need for health or safety in the work place.

 To understand the different types of controlling techniques about the business. To suggest / recommend about the industries.

I.5

Limitations of business exposure

Business Exposure Limitation is a risk management technique of placing limits on risk exposures or risk management metrics to achieve strategic and or operational objectives

a. Business Exposure limitations can specify the maximum loss a risk bearing entity is willing to take from some event (s). The aim is to limit the cost of the specific event

b. Business Exposure limitations may vary by level of management to ensure decisions are made at the appropriate level of management and that the overall exposure of the company is limited.

c. Business Exposure limitations can reduce the expected cost of risk by limiting the exposure of a specific type of risk to a percentage of the total risk exposure .This would ensure total exposure is a combination of specific exposure that are not 100% correlated.

d. Business Exposure limitations can reduce the variance in the expected cost of risk by limiting the exposure in any specific instance of a particular type of risk. By limiting any specific instance, it is hoped the total exposure in a particular type of risk will result from more instances, thus taking advantage of the law of large numbers to reduce variance.

e. Business Exposure Limitations can be used in contractual arrangements to describe how risk will be shared between two or more parties.

f. Business Exposure Limitations can be used in combination with another risk management metric by placing a floor and or cap on that risk management metric.

g. Business Exposure risk limitation can be used as part a flexible pricing process by adjusting, prices up (or down) as the difference between the exposure limitation and the current exposure decreases (increases). Price will be adjusted based on whether the quantity represented by the exposure limitation is ample or scarce.

h. Business Exposure limitations do not have to be monetary. Exposure limitations can also be used to limit operational risk or achieve operational objectives.

CHAPTER II METHODOLOGY

II.1 CONCEPT METHODOLOGY:

Concept Methodology has a distinct business-driven approach to real estate development. We first apply a systematic analysis of all relevant factors. This includes site analysis (incl. topography, transportation and access), market analysis (catchment areas, visitor profiling, etc), cultural research, macro-economic drivers (e.g. employment generation), feasibility, environmental analysis and ecological footprint assessment (resource usage). A rigorous analysis of these factors provides a first understanding of the type of development (e.g. luxury vs. family, leisure vs. commercial zone, daytime vs. evening capacity) and synergies between them. Methodology proprietary development models then allow simulating a preliminary usage mix (i.e. how many apartments of type x, how many commercial units of type y) as well as various resulting parameters (power and utility needs, CO2 and other impacts, etc). Structured client meetings then generate the development strategy and concept. Based on this decision, the concept definition process continues with tailoring of the

development (usage mix, key features, infrastructure, etc) and optimization in terms of investor return, customer experience and sustainability performance. In parallel, and based on the architect briefing, the creative design and master planning process provides a series of visual results. In other words, we first define what should be built and only then how it is designed. Following additional client interaction, the team delivers detailed project feasibility calculations (incl. budget and financial projections) as well as implementation, infrastructure and business planning. In iterative cycles, the concept and program elements are adapted and refined throughout the planning process. Why is this important? In todays increasingly competitive markets, investors need to get the most out of their property over the entire project lifecycle. Careful economic planning at early stages can save millions in subsequent implementation costs and in investor returns and sustainability performance. Methodology proprietary models allow optimization of complex projects throughout the entire development lifecycle. This approach results in maximum operating performance with minimized investment parameters.

II.2

PRIMARY DATA:

Primary data is the data which is collected by the researcher directly from his own observation and experiences. Primary data of the companies are collected by us. We interviewed the staff as well as the managers in order to the collect vital information of the company. We even observed carefully the products of the respective companies, their manufacturing, packaging, various departments and workers working there. Our visit to the companies played an important role in collecting the primary data for the study. Behavioral method was also used.

II.2.1

Tools and techniques of primary

data
Tools and techniques of primary data used in the report are as follows:

II.2.2 Interview method

An interview method is like a conversation but different. Like a conversation, an interview involves two people talking to one another about something they are interested in. But an interview is more one-sided than a conversation because one person, the interviewee, talks more and offers more explanations, while the other person, the interviewer, has to listen very carefully to what is being said and ask follow-up questions. When you do an interview you must both listen and respond at the same time.

Journalistic (think hard-hitting 60 Minutes) Job (proving yourself or showing what you can do)

Therapeutic (talking to a therapist or intake worker) Ethnographic (used in oral history)

Unlike other interviews, the ethnographic interview needs to make the interviewee feel comfortable and encourage them to talk about what they are interested in on their own terms.

II.2.3 OBSERVATION METHOD

The observation method involves human or mechanical observation of what people actually do or what events take place during a buying or consumption situation. Information is collected by observing process at work. The following are a few situations:-

1. Service stations-pose as a customer, go to a service station and observe. 2. To evaluate the effectiveness of display of Dunlop Pillow cushions-In a departmental store, observer notes: a) How many pass by, b) How many stopped to look at the display, c) How many decide to buy.

3. Super Market-Which is the best location in the shelf? Hidden cameras are used. 4. To determine typical sales arrangement and find out sales enthusiasm shown by various salesmenNormally this is done by an investigator using a concealed tape-recorder.

II.2.4 BEHAVIORAL DATA

In order to design effective experiments and be critical consumers of research, investigators need to be able to generate relevant hypotheses, select appropriate research designs, compute proper statistics, and effectively communicate findings.

II.3 SECONDARY DATA

Secondary data is data collected by someone other than the user. Common sources of secondary data used in the study are the respective official websites of the company. Other sources used are magazines, earlier reports made and other Medias.

II.3.1 Tools and techniques of secondary data

In most of the studies the investigator finds it impracticable to collect first hand information on all related issues and as such he/she makes use of the data collected by others. The secondary data can be collected by the following procedures: a) Published Sources: By way of examining historical and other records, literature and proverbs. b) Unpublished Sources: If data available in secondary sources are reliable, suitable and adequate then one can use secondary data for his/her study.