Académique Documents
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BBA (5) A
Table of Contents
Acknowledgement and dedication ................................................................ Error! Bookmark not defined. Project Topic: ................................................................................................. Error! Bookmark not defined. Executive Summary........................................................................................ Error! Bookmark not defined. Business Model: ............................................................................................. Error! Bookmark not defined. Introduction ................................................................................................... Error! Bookmark not defined. Slogan:............................................................................................................ Error! Bookmark not defined. Mission ........................................................................................................... Error! Bookmark not defined. Vision.............................................................................................................. Error! Bookmark not defined. Company summary: ....................................................................................... Error! Bookmark not defined. Company ownership: ..................................................................................... Error! Bookmark not defined. Startup plan: .................................................................................................. Error! Bookmark not defined. Company Location: ........................................................................................ Error! Bookmark not defined. Head Office: ................................................................................................... Error! Bookmark not defined. Factory House: ............................................................................................... Error! Bookmark not defined. Branches of Factory: ...................................................................................... Error! Bookmark not defined. Distribution Channel:- .................................................................................... Error! Bookmark not defined. Company facilities: ......................................................................................... Error! Bookmark not defined. Company Goals and Objectives: .................................................................... Error! Bookmark not defined. Company Goals: ......................................................................................... Error! Bookmark not defined. Short term goals: ........................................................................................ Error! Bookmark not defined. Intermediate goals: ..................................................................................... Error! Bookmark not defined. Long term goals: ........................................................................................ Error! Bookmark not defined. Objectives: ................................................................................................. Error! Bookmark not defined. Key to success:............................................................................................... Error! Bookmark not defined. Internal factors: .......................................................................................... Error! Bookmark not defined. External factors: ......................................................................................... Error! Bookmark not defined. Product summary and services: ..................................................................... Error! Bookmark not defined. Future Aims: .................................................................................................. Error! Bookmark not defined. Characteristics:............................................................................................... Error! Bookmark not defined. 3
Competitors SWOT Analysis: ......................................................................... Error! Bookmark not defined. Strengths: ................................................................................................... Error! Bookmark not defined. Weaknesses: .............................................................................................. Error! Bookmark not defined. Opportunities: ............................................................................................ Error! Bookmark not defined. MARKETING PLAN .......................................................................................... Error! Bookmark not defined. Marketing:.................................................................................................. Error! Bookmark not defined. Marketing Mix (4PS): ................................................................................. Error! Bookmark not defined. Product:.................................................................................................. Error! Bookmark not defined. Price: ...................................................................................................... Error! Bookmark not defined. Place ....................................................................................................... Error! Bookmark not defined. Promotion: ............................................................................................. Error! Bookmark not defined. Concept Development & Testing ................................................................... Error! Bookmark not defined. QUESTIONNAIRE & RESULTS .......................................................................... Error! Bookmark not defined. Marketing objectives: ................................................................................ Error! Bookmark not defined. Current Marketing situation: ..................................................................... Error! Bookmark not defined. Target Market: ........................................................................................... Error! Bookmark not defined. Recent Market: .............................................................................................. Error! Bookmark not defined. Market Needs................................................................................................. Error! Bookmark not defined. Market analysis summary: ....................................................................... Error! Bookmark not defined. Market Segmentation .................................................................................... Error! Bookmark not defined. Demographic: ......................................................................................... Error! Bookmark not defined. Geographic: ............................................................................................ Error! Bookmark not defined. Psychographic: ....................................................................................... Error! Bookmark not defined. Behavioral: ............................................................................................. Error! Bookmark not defined. Customer Location ......................................................................... Error! Bookmark not defined. 4
Transactions: .......................................................................................... Error! Bookmark not defined. Marketing Mix .................................................................................... Error! Bookmark not defined. PRODUCT................................................................................................ Error! Bookmark not defined. Price ............................................................................................... Error! Bookmark not defined. Place ....................................................................................................... Error! Bookmark not defined. Promotion .................................................................................................. Error! Bookmark not defined. Promotion strategy: ..................................................................................... Error! Bookmark not defined. Newspaper ADD: ........................................................................................... Error! Bookmark not defined. Magazines ADD: ............................................................................................ Error! Bookmark not defined. Outdoor media: ............................................................................................. Error! Bookmark not defined. Bill Boards: .................................................................................................... Error! Bookmark not defined. Through brand activity: ................................................................................ Error! Bookmark not defined. Advertising Budget:...................................................................................... Error! Bookmark not defined. Electronic media: ........................................................................................... Error! Bookmark not defined. Pamphlets: ...................................................................................................... Error! Bookmark not defined. PESTEL Analysis .......................................................................................... Error! Bookmark not defined. Political Forces ....................................................................................... Error! Bookmark not defined. Economic Forces .................................................................................... Error! Bookmark not defined. Social forces ........................................................................................... Error! Bookmark not defined. Technological forces .............................................................................. Error! Bookmark not defined. Environmental forces ............................................................................. Error! Bookmark not defined. Legal force .............................................................................................. Error! Bookmark not defined. HUMAN RESOURCE PLAN .............................................................................. Error! Bookmark not defined. Structure of (Human resource Management): .......................................... Error! Bookmark not defined. Recruitment and selection: ........................................................................ Error! Bookmark not defined. Organization:.............................................................................................. Error! Bookmark not defined. Candidates ................................................................................................. Error! Bookmark not defined. Sources of recruitment .............................................................................. Error! Bookmark not defined. Promotions:............................................................................................ Error! Bookmark not defined. 5
Advertisement Description .................................................................... Error! Bookmark not defined. Selection process ....................................................................................... Error! Bookmark not defined. Training & Development ............................................................................ Error! Bookmark not defined. Training scheduled ................................................................................. Error! Bookmark not defined. Training Feedback .................................................................................. Error! Bookmark not defined. Training Method .................................................................................... Error! Bookmark not defined. Training Budget ...................................................................................... Error! Bookmark not defined. Performance and Compensation management......................................... Error! Bookmark not defined. Performance appraisal ........................................................................... Error! Bookmark not defined. Types of compensation Management ................................................... Error! Bookmark not defined. Break up of salaries: ............................................................................... Error! Bookmark not defined. Policies: ...................................................................................................... Error! Bookmark not defined. FORMS ....................................................................................................... Error! Bookmark not defined. Job Description Form ............................................................................. Error! Bookmark not defined. Application Form .................................................................................... Error! Bookmark not defined. Checklist Form........................................................................................ Error! Bookmark not defined. Performance Evaluation Form ............................................................... Error! Bookmark not defined. Management.............................................................................................. Error! Bookmark not defined. Importance of Management in organization ............................................. Error! Bookmark not defined. Management Plan .......................................................................................... Error! Bookmark not defined. Management structure: ............................................................................. Error! Bookmark not defined. Roles and Responsibilities .......................................................................... Error! Bookmark not defined. Strategy Summary:..................................................................................... Error! Bookmark not defined. Core values:............................................................................................................................................. Competitive Edge ....................................................................................... Error! Bookmark not defined. Marketing strategy..................................................................................... Error! Bookmark not defined. Pricing Strategy .......................................................................................... Error! Bookmark not defined. 6
Acknowledgement:-
First of all we are thankful to one and only the Almighty Allah and his prophet Mohammed (PBUH) for always guiding us in the thick and thin and giving us strengths and courage to complete this project, without them nothing would have been possible. Our special thanks to our teacher Sir Adnan Raffique who not only provide us Opportunity to do this assignment but also paid a Fair attention to do it. Then we would like to thank our parents whose prayers and support have always been influential in our lives. Finally we would like to thank all the people who directly or indirectly helped us out in this, and a thank you goes to the organizations whose data we used in this project as well.
Dedication:To Almighty Allah and his prophet Mohammed (PBUH), and to Our loving parents who gave our life to face the world and to our dearest sisters who gave us a lot and always there For us whenever we need them we also dedicate to all our teacher specially Prof. Adnan Raffique to teach us and help us in every knowledge activity that we were done.
Entrepreneurship is the act of being an entrepreneur or one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods".
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o ----------------------------------------------------- Are you selling product directly or through channels? o We are not selling our product through channels. We are selling product directly. Do you plan to provide service or manufacturing service? o . How do you fit in? o . Are you disruptive? o .. Are you creating a new way of doing business? o No we are not creating a new way of doing business. The business we are starting is already present in the market. We are doing product innovation in those products.
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Introduction
GROUNDNUT or peanut is one of the important kharif oilseed crops. It has an oil content of 50 per cent as compared to 40 per cent of sunflower, 20 per cent of soybean and 50 per cent of sesame crop. The plant grows low, spreads and then prostrates. Some erect types grow to a height of one foot. It produces yellow flowers and a convoluted pod with 3-4 edible seeds in each chamber of its underground pod. These are long,
cylindrical and swell over the seed which is valued as a raw material for hydrogenated oil industry. The crunchy nut is eaten fondly after roasting it by children and grownups as a dry fruit throughout the year. But its demand increases in winter, when everyone likes to have it. Peanut is now grown in more than 40 countries but its main producers are, China, the USA, Argentina, Brazil, Mayanmar (old Burma), India, Indonesia, Nigeria, Senegal and Sudan. In Pakistan, it is cultivated mainly in rain fed (barani areas) of Punjab and also in irrigated areas of the NWFP and Sindh. Groundnut is a warm season crop and the plant requires ample water, especially at its fruiting time. It does well in fairly rich, open, and sandy soils with good drainage for development of underground pods. It is a heavy feeder of calcium and a pH of 6.0 of 6.0 to 6.5 is most suited for its cultivation.
Pine nut is one of the main sources of income in some forested valleys of district Chitral. This potential was revealed in 2000, when the Innovation for Poverty Reduction Project (IPRP) started its interventions in the area. By then, the community of Shishi Koh valley which is very poor started realizing the economic benefits of pine nut and its high market value. Training was organized for the proper way
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Vision Statement We desire to be the first choice when someone wants Style Fruit.
Mission Statement We capture international standard of Style Fruit through providing hygienic, natural fruit with batter quality and delicious taste.
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Slogan:
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Our Values
Integrity Fairness Diversity Respect Caring Clear Accountabilities Teamwork High Standards Commitment to Excellence Celebrating our Successes
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Company ownership:
The one business partners Haroon Sadiq will establish a big business unit in Pakistan. They will launch a company with the name of Style Fruit and this company work through the style fruit. Haroon Sadiq is the CEO of the company. Muhammad Tariq & Usman Sadiq is the Directors of the company.
Startup plan:
Style Fruit Company will launch in Pakistan. So this company will new and had no history. So we explain the startup plan. The one business partners will invest1,70, 00,000 in business. They will launch the Style Fruit Company in Pakistan and the company performs business activity through Style fruit. Company will make its own setup in which they will make head office which called Style company and Style fruit. We will make their business a successful business and keep their business in Growth stage.
Company Location:
In company structure we will decide to make the whole business unit as Head office, Head Office: Company establishes the head office in Barkat Market Lahore. The purpose of the head office is that it will control all the setup. The head office contains all the departments of the company.
Factory House:
The Factory house is located Rewind road Lahore. Style Fruit Company establishes its own Factory House where the peanut, Pine nut will be process from there
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Branches of Factory:
Style Fruit Company covers the major locations of Country where every middle and upper class are coming in these places. The Factories are located in Pakistan: Our second Factory branch will located in Bahwalpur Road Multan.
Distribution Channel:-
Head Office
Customers
Factory House
Company facilities:
Style Fruit Company will include all big companies in Pakistan. This company provides the major facilities to customers and company employees. These facilities are as under: URL facilities Membership cards Customer care facility
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Company Goals:
Intermediate Goals
Long term Goals
Intermediate goals:
To capture National market To hire internationally professional chefs to perform excellent work. Achieving the heavy sales by low cost. Focusing the customer needs always. Provide better services and facilities to customers
To launch our company in the international markets. To open regular inlets in Europe & USA,China,Dubi,Saudi-e- Arabia To fulfill the wants and needs of the consumer in a unique and affective way. To provide training and development for our employee. Our company hires professional chefs in national and international market. Charging responsible prices of the product as compared to the competitors. Building a better relationship with the wholesaler, customer by giving them the value servicing. To introduce new type of business or product and to grow it at national level.
Objectives:
Following objectives will be fulfilled by the Style Fruit Companyt very soon Insha Allah. To bring renovation in the dry fruit. To capture national and international market. Provide great taste to capture the more customers. To stand our company in next three years. Provide delicious and fresh style fruit.
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Provide good services and every facility to customers. To strengthen and satisfy the needs of consumer. Style Fruit company will also target the High standard class as far as the middle class of the urban areas and ruler areas.
To open new factory branch in the other city and outsides. Our main purpose is to maintain good conduct in the front of customers. We will decrease rates as compare to our major Competitors. Our objective will to increase the market share.
Key to success:
In key to success there are involved in two factors and these two factors are: Internal factors External factors
Internal factors:
We will satisfy our external factors of key success these include are following features: Reducing cholesterol level in the blood Pines are an excellent sources of vitamin E Pine nut oil has a delicate flavor with sweet aroma That mobility of capital. New market structure because of new economy scales. Innovation and creativity. True fulfillment of customer demand. Customers become Investors and business partner
External factors:
We will surpass the external factors of key success these include the following features: Successful promotion plan.
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Selling and Marketing power. Fulfilling the promise. Providing Good quality of fruit. Creating multiple opportunities from a single line of expertise. Low risk. Security. Our key management team.
Kernel
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Kernel
Future Aims:
We will focus the market trends and customers desires to launch new company and Style fruit peanut and pine nut establish the standard of five branches in Pakistan. And we will become more initiative then our competitors.
Characteristics:
Style Fruit Company are lounging a new products in Pakistan. It more facilitates too many people. So, its many characteristics like: We provide the fresh and hygienic fruit. Provide the delicious taste. People enjoy traditional fruit. No our competitors in Pakistan. People enjoy the latest Taste. We provide the good services to customers. Affordable prices are given
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Competitive reality
Powerof suppliers
Power of buyers
Threats of substitute
Threats of events
1) Competitive reality: Variety of product is present but the alternative is not present in the market. The competitive reality is low. 2) Power of suppliers: The power of supply is less in our business because the suppliers are large in numbers. We can switch from supplier to supplier. 3) Power of buyers: Power of buyers will high in our business because the product alternative is very low. Those how are present have higher price from our business. 4) Threats of substitutes: The threat of substitute is low in our business because the competition is low in market and the alternative product is not easy to found.
5) Threat of new events: The threat of new entrants is high because the product is new in market. And profit on product is high.
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Strengths
Weakness
opporturities
Threats
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Strengths: Main strength is that, products are 100% pure. Well-trained employees. Research department is well equipped and has highly skilled researchers. Have good relations with important organizations such as the medical association. Have the seal of approval from the health and medical association of Pakistan. An excellent promotion department with an alliance and with the best ad agency in the country.
Weaknesses: As the product is new it has yet made large investments and it will take some time before it starts generating profits. In case the supply exceeds the demand the company does not have the means to increase production capacity. The company has to maintain strict transportation schedules as it cannot afford to let its products stand, in case of labor union problems the company can lose heavily.
Opportunities: The target market has immense growth potential The target market is largely untapped Advertising campaigns can use the point of being THE NATIONAL PRODUCT. There is a recession in Pakistan, which may force competitors to cut promotion expenditures to increase profit. This leaves pure an opportunity to grab competitor market as well.
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Threats: There are several government regulations and laws that the company has to consider and abide by which sometimes leads to delays and inconvenience. There are competitors who are already established and are international brands. The unstable economic conditions create problems as well as the companys investment decisions are affected. The political instability and changing governments make it difficult to comply with changing government policies. Changing geographic trends make it difficult to target consumers appropriately, i.e. target market is urban while a large population is still living in rural areas. The company has to abide by government regulations by maintaining consistent quality; the company cannot afford to let its quality decline. The company will face fierce competition from international brands
MARKETING PLAN
Marketing:
Marketing is "the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large. Market segmentation is the identification of portions of the market that are different from the one another. Segmentation allows the business to better satisfy the potential customers needs. After analyzing the demand of our product we have segmented consumer markets on the basis of following consumer characteristics.
Product: The main products of our competitors is that peanut, pine nuts, Dry fruit. Price: Our competitors of price strategy are high they target only high class standard customers. Place: Mostly competitors are in Lahore and one of the competitors in Multan and this wholesaler is open branches in all over the Pakistan but we mentioned only those branches which near Lahore area. Promotion: Advertising through print & electric media, web, and word of mouth assessments will be done to promote our sales a bit more than the estimated the sales.
Who is the target market and who is the decision maker in the purchasing process?
What product features must the product incorporate? What benefits will the product provide? How will consumers react to the product? How will the product be produced most cost effectively?
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Prove feasibility through virtual computer aided rendering, and rapid prototyping
Test the concept by asking a sample of prospective customers what they think of the idea : After completing the paper work, now comes the turn of testing the idea to check its feasibility. So following the steps we conducted concept testing from a number of consumers. At this stage the consumers was narrated the product idea in form of words. We have prepared a questionnaire for the verification of our idea. Initially we filled it from 100 people in Lahore and then we prepared sample of our dry fruit and tested it to the market. The questionnaire is as follows;
Daily Once time in week More than one in week Once in month More than one in month
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Would you like to eat dry fruit in different flavor? Yes No I dont know 59% 28% 13%
How you rate our product idea? Excellent 54% Good 32% Fair 12% Poor 2% What do you think dry fruit should be available at
Concept testing
We have tested the concept about this product by asking (100) prospective customers to check and test what they think about the idea. The results of our questionnaire are represented as graphically below. Most of the people like chocolate especially teen agers, in this regard we have also got a very good response from the people.
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YES NO
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After this, we have also made dry fruit and tested that from those people who have filled the questionnaire, people have really enjoyed this fruit product that was really delicious and nutritious as well. Then we again analyzed the customers response to our product, represented as.
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Marketing objectives:
Product development and Market penetration strategy introducing new products with the new company in the current market achieve a steady increase in market share through in two strategies. Involve other companies in advertisement. Snatching customers from other competitors through advertisement and providing quality services. Spread the business over a period of time and continuously introducing new and modified products in the market.
Target Market:
Doing business without knowing what our target market will prevent us from reaching our objectives: increased sales, market share or brand awareness.
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Super stores
Our target customers will include Individual customers and businessmen. Individual will include both Male Female (Children, youngsters)
Recent Market:
Market Needs:
Now a day the desire of the people is to have Food: With Fresh and hygienic food with Delicious taste. Different and unique products. New items. Discount on items.
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Following Style Fruit already exist in International Markets: A great taste. Every category provides related the dry fruit. Delicious and fresh Hygienic fruit. Every facility provides the customers. Dry fruit items. Style Fruit Company.
Market Segmentation
Business Market Segmentation
Marketing Mix
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Market Segmentation:
While there may be theoretically 'ideal' market segments, in reality every organization engaged in a market will develop different ways of imagining market segments, and create product differentiation strategies to exploit these segments. The market segmentation and corresponding product differentiation strategy can give a firm a temporary commercial advantage. Market segmentation bases on these points:
Demographic
Geographic
Psychographic
Behavioral
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youngsters
Income:
In case of income level, we will adjust our price of every dry fruit pack that will affordable to
every income group, either someone is from lower, middle upper class.
As our segment market will contain people from every class, male
and female, and from young to old. Dry fruit is liked by every person. We analyzed the demand and taste of our customers and offered them an innovative dry fruit. In this way we made need based segmentation.
Segment Identification: We have identified the need for our product by conducting research in
different regions like Lahore, okara and Multan. To identify the usage rate on the basis of questionnaire we analyzed most of the people in these regions eat yogurt regularly so, in this way we have identified our segment market.
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like different etc have introduced their dry fruit with different kinds of pine nuts, peanuts but there is no quality as compare to us. So market growth is possible, access to the market is also possible.
Segment Profitability: We will offer our product to all customers without any segmentation on the
basis of gender, or age factor, or any other variable. Hence, more and more customers will buy our product; ultimately our product in all segments will gain maximum profit.
Segment Positioning:
Our product has numerable feature. It will give not only taste but also will give our body nutrition. So, all these features of our product will be very helpful to get strong position in the market.
Geographic:
In market segmentation the part of geographic means which target area is selected. We have selected a specific geographic area. Initially we are introducing the business only in target city of Punjab (Lahore) as for as the Style fruit company. For this purpose we have conducted through research based on those areas which we are going to target major places of Pakistan are: Lahore Okara Multan Guran Wala Islamabad
Krachi
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Psychographic:
In this part we describe the psychographic of our products.
Enjoy a high quality dry fruit There is value attributed to the appearance or presentation of fruit. Provide fresh and hygienic fruit
Behavioral:
Consumers want fresh and hygienic fruit. Consumers wants that the price attached to the product should be justified with its values. Consumers want new things in market. Innovation lovers Loyalty status should be at higher level. Creative taste
Customer Location:
All outlets will be located in accordance with Wholesaler customer convenience like Lahore, Multan, Guranwala, Okara. And after some passage of time the outlets will be opening in other cities of Pakistan.
Customer type:
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Purchase criteria:
Main emphases are on quality and lead time (the time taken to receive the purchased product). Quality is not compromised on price.
Transactions:
Buying situation (warehouse orders and straight Re-buy). Usage rate Heavy users purchasing procedures:
1) Marketing Mix:
Product
Price
Place
Promotion
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PRODUCT:
It is a tangible good which is manufactured by the producer for the purpose of customer satisfaction. Our production department will produce the product in larger quantity. Production department will use following ingredients. Process:
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PRODUCT ANALYSIS
This includes following topics Product development process
Product analysis
Product variety Product Quality Product feature Product name (Brand name Product packaging Product size Product services Product Warranties Product life cycle stage Product life cycle stage
Product variety: We will offer our product with an entirely different ingredient that is pine nut. Product Quality: We will offer our valued customers a quality product, complete as balance diet, nutritious as well as delicious. Product feature Taste: The taste of our product is very good and something different from other ordinary dry fruit available in the market. Ready to use: We have produced a product, which is ready to use. Just take it and eat it. Quality: We are very much conscious to delight our customer for this purpose we have set our own standard of material used and we inspect production process at different stages. Availability: We have made effort to provide our product to our customer at doorstep. Natural food: Artificial flavors are not added in this product. Size: It is available in two sizes:
250gm 500gm
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Product name (Brand name): Our product is available in market with the brand name Stlye Fruit Product packaging : Product will be available in beautiful packing including the product features, name, and company name with logo on the tag attached with pack.
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Product size Product will be available in 250 g , pack of 500g and 1000g Product Warranties Manufacturing & Expiry time of the product will be put on each pack.
PRODUCER
Wholesaler
Retailer
Customer
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We will use our own vehicles, to supply the goods to main markets of selected cities. Okara markets
Lahore markets
Multan markets
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Electronic media
We use the electronic media because the company makes add in the beginning. They make add on the awareness of special product or some specific deal with high discount rate. We are using the cost resisting technique and we are making add in start. With the passage of time we display our company brand add. WEBSITE (www.stylefruit.com)
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Print media:
In print media we add in newspaper and magazines so we use the famous group Jang Nai Baat, and dawn newspaper which is mostly read in Lahore on the other hand add in Sunday magazines of Jung newspaper and Nai baat.
Newspaper ADD:
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Outdoor media:
In outdoor media we use the bill boards posters and pamphlets.
Bill Boards:
We decide the places of Bill board in Lahore is that: Faize pur interchange Thokar Niaz Baig Ravi Pul
These are the famous places which our target market captures and these bill boards are display one month.
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Streamers:
The Flaxes which we display in Lahore are that: Mall road Jail road
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Advertising Budget:
The advertisement budget is that an estimation of a company's promotional expenditures over a period of time. An advertising budget is the money a company is willing to set aside to accomplish its marketing objectives.
Electronic media:
We use the electronic media through website. The total cost which we bear to make the web site is 60,000. And we pay 60$ each month in a year.
Print media:
Every Sunday newspaper and Sunday magazines our company add is print just one month 1-march-2013 to 31march-2013.
News papers
Jan Dawn Nai Baat Sunday Magazine (Jang) Sunday Magazine(Nai Baat)
Size
second page quarter second page quarter Second page quarter second page Second Page
Amount /month
309,380 * 4=12,37,520 230135 * 4=9,20,540 112850* 4= 451400 12000 * 4=48,000 7000 * 4= 28000
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Size
30*40 30*40 30*40
PESTEL ANALYSIS
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Economic Forces:
As we see that economy of the Pakistan is rising and per capital income is raised to Rs. 10,000 this year which is very healthy factor for our business. The GDP is 2.9 last year and 2.8 this year this shows the GDP is increasing but not much according to demand. Economic condition is unstable already but with the new Budget the economic condition become more unstable. So the economic condition is not helpful for our business.
Social forces:
The people of Pakistan likes to outing in family and love to join gathering. So this social condition of the society is an excellent condition to start a fruit business because if people likes outing and they will defiantly visit company to eat different kinds of fruits. Young generation likes to eat something new& different out of tradition and company provides new style fruit in Pakistan which people never taste before.
Technological forces:
This type of product is first time lounge in Pakistan. Dry fruit has force of technology like the machinery use in Competitor Company.
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Legal force:
The products provide by dry fruit is legal and fresh fruits. We will perform our business legal way. We will register our company by the company act1984.
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Personnel Manager
Training Manager
Manager Staffing
Facilities Creator
Feedback Coordinator
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Organization
Vacant new position occurs
Candidate
Receive educational and chose occupation
Impress candidates
Make offer
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Organization:
Vacant new position occurs: In our wild fool company when new vacancy occur. We give add in new paper and ask the employee to drop the C.V or their reinvents for that vacancy if they are eligible for that post. Generate candidate pool via internal and external recruitment methods: After the collection of all the C.Vs for the vacancy the company selects those persons who do different courses for that job. Evaluate candidates via selection process: We evaluate the candidates through interview and practicals. Form all that our company selects those who pass that interview and practical. Impress candidates: After selection our company introduces the candidates with farm house, outlet and take away to impress the candidates. Make offer: Our company discusses the salary and overtime salary and the JD and JS of the employees and rules and regulation of company and make offer.
Candidates:
Receive educational and chose occupation: Any person get education and according to that he chose this occupation that we want do job in which sector. Acquire employment experience: With the gathering of education the person need to get some experience in relevant field he studding. This has a huge effect on his performance and carrier. Search for job openings:
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Sources of Recruitment
Internal sources
External sources
Internal sources of recruitment are from within the organization. Externalsources of recruitment are from outside the organization.
The internal sources of recruitment are: 1. Promotions: Promotion means to give a higher position, status, salary and responsibility to the employee. So, the vacancy can be filled by promoting a suitable candidate from the same organization. 2. Transfers: Transfer means a change in the place of employment without any change in the position, status, salary and responsibility of the employee. So, the vacancy can be filled by transferring a suitable candidate from the same organization. 3. Internal Advertisements: Here, the vacancy is advertised within the organization. The existing employees are asked to apply for the vacancy. So, recruitment is done from within the organization.
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Management consultants are used for selecting higher-level staff. They act as a representative of the employer. They make all the necessary arrangements for recruitment and selection. In return for their services, they take a service charge or commission. Public Advertisements:
The Personnel department of a company advertises the vacancy in newspapers, the internet, etc. This advertisement gives information about the company, the job and the required qualities of the candidate. It invites applications from suitable candidates. This source is the most popular source of recruitment. This is because it gives a very wide choice. However, it is very costly and time consuming. Recommendations:
The organization may also recruit candidates based on the recommendations received from exist managers or from sister companies. Employment at Factory Level:
This a source of external recruitment in which the applications for vacancies are presented on bulletin boards outside the Factory or at the Gate. This kind of recruitment is applicable generally where factory workers are to be appointed. There are people who keep on soliciting jobs from one place to another. These applicants are called as unsolicited applicants. These
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Many job seekers visit the office of well-known companies on their own. Such callers are considered nuisance to the daily work routine of the enterprise. But can help in creating the talent pool or the database of the probable candidates for the organization. Recruitment At Factory Gate:
Unskilled workers may be recruited at the factory gate these may be employed whenever a permanent worker is absent. More efficient among these may be recruited to fill permanent vacancies. Techniques of Recruitment: Recruitment techniques are the means or media by which management contacts prospective employees or provide necessary information or exchanges ideas in order to stimulate them to apply for jobs. Management uses different types of techniques to stimulate internal and external candidates. Techniques of Recruitment are divided into two parts
Traditional technique
Modern technique
Our company used the traditional techniques of recruitment in traditional recruitment these points are discussed below: 1. Promotions: Our company adopts this technique. Most of the internal candidates would be stimulated to take up higher responsibilities and express their willingness to be engaged in the higher level
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Advertisement Description:
Our company advertises of hire employees through: Job posting Adds on website related to position required. Inform our company employees
Selection:
Selection is the process of a making a Hire or No hire decision regarding each applicant for a job.
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Completed application
Employment test
Comprehensive interview
Initial Screening: In this process the companies evaluate the C.Vs according to their requirement and screen those C.Vs which are not relevant for that job. And pass other to next step of completed application.
Completed application: In this process the company screens the application and procurer the pass application to employee test and fain application to rejected applications. Employment test:
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Background examination if required: If the company have some doubt with the candidate they perform the background test and check the background that it is the employee of other company or not. Medical/physical examination if required: In this process the company perform the medical examination if require. Permanent job offer: In this the company offer candidates permanent job after the completion of the above process.
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Training scheduled:
Our company will train employees in the duration of one month and after that company gives certificate to the trainers. That certificate will prove equal to the degree. We display the training scheduled for one day and this is same till one month.
Training Scheduled
Time
8:00- 9:00 am 9:00-11:00am
Activities
Starting with program introduction (Detail discussion) Problems discussion and issues Discussion on the topic and activity result Initial experimental activity Breakfast time Group discussion and discuss project Practical Lunch time Brain storming and wind up today topic Tea time Discussion on tomorrow topic Off time
11:00am-12:00 pm 12:00 am-1:00 pm 1:00-3:00 pm 3:00- 4:00 pm 4:00- 6:00 pm 6:00- 6:30 pm 6:00- 700 pm 7:00 pm
Note:
This schedule is only six days in a week. Sunday is off and it continuous for one month. Our company does training in head office. And we do training two times in a year.
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Training Method:
There are three basic methods of training which the companies adopt. On job training Off job training Vestibule training
We use the on job training. On the job training sometimes informally conducted.While an employee is in the actual work situation. This method is mostly used the in companies.
Training Budget:
In training budget means how many expenses are used for training:
Training Expenses
Trainers salaries Food expenses Books and Notes Total 45,000 50,000 7,000 1,02,000
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Performance appraisal:
Performance appraisal means the form evaluation of an employees job performance in order to determine the degree to which the employee is performing effectively. The individual supervisor is usually responsible for the performance of his or her subordinates. Appraisals help manager assess the extent to which they are recruiting and selecting the best employees and contribute to effective training and appropriate compensation. These are the types of performance appraisal: 360 degree feedback Management by objective Rating scales
We use 360 degree feedback a common performance appraisal method is the 360-degree feedback. In this scenario, whoever conducts the appraisal, such as a human resources manager, interviews an employee&supervisor, peers and any direct reports. This technique allows an appraiser to gain a complete profile of the employee. In addition to gauging the worker job performance and technical skill set, an appraiser receives in-depth feedback on the employee &behavior. Measuring areas of subjectivity, such as character and leadership skills, allows an employer to manage an employee& development.
Compensation Management:
Compensation is the remuneration received by an employee in return for his/her contribution to the organization. It is an organized practice that involves balancing the work-employee relation by providing monetary and non-monetary benefits to employees. Compensation is an integral part of human resource management which helps in motivating the employees and improving organizational effectiveness.
Direct compensation management: Direct compensation is typically comprised of salary payments and health benefits. The creation of salary ranges and pay scales for different positions within the company are the central responsibility of compensation management staff. The evaluation of the employee and employer portions of benefit costs is an important part of a compensation package. Indirect compensation management: Indirect compensation focuses on the personal motivations of each person to work. Although salary is important, people are most productive in jobs where they share the companys values and priorities. Common types of indirect compensation include free staff development courses, subsidized day care, opportunity for promotion or transfer within the company, public recognition, ability to effect change in the workplace and service to others.
Adopt the method of our company: We adopt the indirect compensation management because we want to focus on each and every employee of the company. We want each and every employee motivated to work because people are most productive.
Break up of salaries:
In which we describe the salaries of employees and give the other facilities: Head office:
Designations
CEO director Manager (Head office) Sectary Marketing manager Finance manager HR manager
Strength
1 1 1 1 50 3 2 2 2
Policies:
Every employee instead can one holiday in two weeks. Behavior of customers dealer is to be very politely. Sweepers and guards can three holidays in one month. If any employee improves his performance the employee promotion or salary increases in return. Any Islamic event company gives the bonus. If employee takes extra time so the extra wage is pay on over time. Tip given to workers by customers are their own. Be punctual and follow all the rules.
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FORMS
JOB DESCRIPTION FORM
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Application Form
(Inquiries Before Hiring)
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Checklist Form
When required to make a performance appraisal, do you become flustered and fail to function at your best? YES NO
Would you consider it necessary to consult your subordinates regarding a problem with which they have experience? YES NO
Are you usually edgy both before and after making your work? YES NO
Are you told about the decision to your subordinates before taking work?
YES
NO
Whether you have the courage to take the responsibility if any thing goes wrong?
YES
NO
Which method you most like in making performance Group OR Individual performance?
YES
NO
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Management Plan
Management:
Management is a disconnect process consisting of planning organizing activating and controlling performed to determine and accomplish the objectives by the use of people and resources.
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Management structure:
CEO
(Chief executive officer)
Directors
Company Managers
Branch Manager
Marketing Manager
HR Manager
Finance Manager
Accountant
any
Employees Employees Employees Workers Employees Employees
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Director:
Director is also owner of the company because he invests in business. His roles responsible for implementing policies, the new plans develop and all information regarding company condition and employees performance report by the CEO. The company managers are work under.
Company Managers:
In company owners can divided the managers in three parts: Head office manager Factory house manager Branch manager
Marketing Manager: The marketing manager role is to deal with product. The role of the marketing manager is to market the product in such a way that the customers and the consumers of the product become loyal to the product. The marketing manager produce adds and with the use of other advertisements create the brand image with different occasion and events in the mind of the customers. Human resource Manager: The role of the human resource manager is to put the right person on right place with minimum cost. The main role of the HR manager is to recruitment and selection and other HR manager main roles are making performance management policies. Finance Manager: The finance manager role is to deal with the cash inflow and outflow from the business. And the other roles are to deal with the other financial activities in the organization.
Branch manager:
Style fruits Company will open the four branches in Lahore. So company can hire the four mangers the roles and responsibilities of branch managers is that he control the whole branch and check that workers can do own work with responsibility.
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Core values:
We have the grip of our mission because our values are: The good relationship with customers, competitors, and fruit industries. Company keeps good relationship with employees. Our management team keeps doing good work and reached the successful stage very soon. Our company doing hardworking continues and makes good reputation with competitors companies. Our products quality is good because we provide the delicious taste.
This is because: Our company management teams focus on employees. Every manager can play their roll and responsibilities. We satisfy the customers and build the trust. We all have well communication ability. We have command on ethical practice regarding respect, Integrity, stimulation and security. Company provides the good environment and every facility to customers. Companies hire the best and professional shelves.
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Marketing strategy:
The very simple strategy containing three parts will be adopted for the marketing of our product: Advertising through (electronic media, print media and outdoor media). Company will satisfied our successful progress so word of mouth is the best advertising. Company will perform brand activity after launch the business setup.
Pricing Strategy:
Our prices are not costly every upper and middle class member afford it. The price will vary according to the cost of Production, dues paid for importing parts of the product and fulfillment of necessaries of the man power. After the success of our products and company the price of products will decrease Insha Allah. In starting the sales will increase because our company will provide new products in Pakistan with the great taste and batter quality. We are quite sure that our products will be an innovation in the traditional fruits of Pakistan and will have maximum sales Insha Allah. Company will provide the 10% discount on first day this will have big effect on our sales.
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Amendment Techniques:
Amendment will be done in the links and services provided via internet by removing the defaults consequently. Critical Factors Analysis: Our business is new so we face the many critical factors: Financial Risk Management Risk Operating Risk Marketing Risk
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Management Risk:
In our business we make a management team which control all over the business. We effort that our management team will not be strong, they control the future marketing risks. To avoid this risk we will hire the experience person in our management.
Operating Risk:
We are starting or new business and we may have fear to fall down in decline stage in opening. To avoid this risk we develop those strategies through which the chance of business flop is less.
Marketing Risk:
The marketing risk is basically the advertisement of the product in the consumer mind (Brand image). To avoid this risk we design add and other marketing techniques with which we cover the market mind rapidly.
Financial plan:
A comprehensive evaluation of an investor's current and future financial state by using currently known variables to predict future cash flows, asset values and with drawl plans. Most individuals work in conjunction with an investment or tax professional and use current net worth, tax liabilities, asset allocation, and future retirement and estate plans in developing the plan. These will be used along with estimates of asset growth to determine if a person's financial goals can be met in the future, or what steps need to be taken to ensure that they are.
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Detail
Sales Less:
Cost of goods sold
Rupees
Rupees
650,00,000 402,54,000
Gross Profit
All expenses: Advertisement Expenses Salaries & wages Utilities and bills Fuel and power Training expenses Other expenses Net profit before tax Less: Interest 20,00,000 * 12% Net profit before tax after interest Less: Tax 6587540*17% Net profit
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Rs
650,00,000 150,00,000 2,000,000
Outflows
Advertising expense Salary & wages Utilities and bills Fuel and power Other expenses Training expense Tax Interest CGS Land Machinery Building Furniture and fixture Balance B/d Total
Rs
3,590,460 12624000 800000 400000 300000 204000 1119881 240000 40254000 5000000 30,54,000 22,50,000 4,00,000 11763659 82000000
Total
82,000,000
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Rs.
50,00,000
Liabilities
Equity/capital Add: Net profit 150,00,000 5467659
Rs.
Loan
20467659 20,00,000
Total
22467659
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