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CHAPTER ARRANGEMENT
CHAPTER -
INTRODUCTION
RESEARCH METHODOLOGY
INDUSTRIAL PROFILE
COMPANY PROFILE
CHAPTER -2
CHAPTER -
FINDING
CHAPTER -4
CONCLUSION
SUGGESTION
& RECOMMENDATION
BIBLIOGRAPHY
QUESTIONNAIRE
CHAPTER -1
INTRODUCTION
Management Games & Role Plays help to bridge the gap between "Knowing
& Doing", "Insight & Action" thus pushing you to hear more, see more, feel
more and act more. The participants are thus aligned with the concepts being
taught and feel more alive as the exercise inspires enthusiasm for learning.
The exercises are designed to involve all types of learners:
Visual
Auditory
Kinesthetic
Experiential Learning:
this should have a positive impact on their performance. However, the level
of performance improvement should justify the expenditure.
For the business units, the Financial Analysis evaluation process can provide
opportunities to determine how competencies are being applied on the job.
The information will assist them in making sound business decisions and
determining Financial Analysis priorities. This information can be obtained
through:
Analysis of Organizational Performance Measures - Organizational
performance measures identify the metrics against which successful
business unit operations can be evaluated. These measures will enable
performance tracking to identify trends and areas requiring further
attention and/or interventions.
The organization must foster the type of Financial Analysis that can
encourage the natural desire of the employees to contribute their services and
sincerity towards their work.
The main objectives of the study are:
To understand the pattern of Financial Analysis programme at
Britannia.
To understand the effectiveness of the Financial Analysis programme
conducted by a company.
To understand the impact of Financial Analysis programme on
employees.
To know the satisfaction level of employees with the work followed in
BIL
To provide guidelines for changes/ improvement of work system of
employees within the related area or department.
RESEARCHMETHODOLOGY
Research Design
Acc. to Kerlinger, Research design is the plan structure & strategy of
investigation conceived so as to obtain answers to research questions and to
control variance.
Research design refers to the pattern or outline of a project. It comprises a
series of decisions that are taken together and provide a plan for the execution
of the project.
Population Workers of Britannia
Sample The work on whole population is done through a sample of
population, considering that sample represent the characteristics of
population. Stratified random sampling method is used.
Random sample of 60 employees is taken into consideration.
DATA COLLECTION:-
When research problem has been defined or research plan has been chalked
out, the task of data collection begins.
There are two types of data1- PRIMARY DATA
2-
SECONDARY DATA
PRIMARY DATA:
Primary data are those which are collected fresh and for the first time and
original in character.
1- OBSERVATION METHOD
2- INRTVIEW METHOD
3- QUESTIONNAIRE
4SCHEDULES
SECONDARY DATA:-
Secondary data are those which have already been collected by someone and
this data has already been passed through a statistical process.
Secondary data means that are already available i.e., they refer to the data
which have already been collected and analyzed by someone else. When the
researcher utilizes secondary data, then he has to look into various sources
from where he can obtain them. In this case he is certainly not confronted
with the problems that are usually associated with the collection of original
data. Secondary data may either be published data or unpublished data.
Usually published data are available in:
Straightforward questions
Avoidance of technical and vague terms
Crosscheck questions
Use of proper scale
Pilot study
Design of the questionnaire
Concrete question to conform as much as possible the respondents way
of thinking
Number and length of questions
Intensive literature survey
Every search work has limitations. During course of study, although every
effort has been made to make the study as precise & accurate as possible, but
one cannot guarantee 100% accuracy & preciseness because of limitation one
has to undergo during the study. Even though the necessary measure have
been taken in conducting this research, it in culminates several limitations:
Sample has been taken out according to personal judgment, which may
not be accurate.
Respondents might not have answered few questions correctly out fear
of management and unstated biasness.
SCOPE OF STUDY
CHAPTER - 2
INDUSTRIAL PROFILE
COMPANY PROFILE
Brand
Britannia The
Company
is
pursuing
for
ISO14001
with
the
advent
of
electricity,
Britannia
mechanized
its
operations, and in 1921, it became the first company east of the Suez
Canal to use imported gas ovens. Britannias business was flourishing.
But, more importantly, Britannia was acquiring a reputation for quality
and value. As a result, during the tragic World War II, the Government
reposed its trust in Britannia by contracting it to supply large quantities
of service biscuits to the armed forces .
As time moved on, the biscuit market continued to grow and
Britannia grew along with it. In 1975, the Britannia Biscuit Company
took over the distribution of biscuits from Parrys who distributed
Britannia biscuits in India. In the subsequent public issue of 1978,
Indian shareholding crossed 60%, firmly establishing the Indian ness of
the firm. The following year, Britannia Biscuit Company was rechristened Britannia Industries Limited (BIL). Four years later in 1983,
it crossed the Rs.100 crore revenue mark. On the operations front, the
company was making equally dynamic strides. In 1992, it celebrated its
Platinum Jubilee. In 1997, the company unveiled its new corporate
identity Eat Health Think Better and made its first foray into the
dairy products market.
In 1999 the Britannia Khao, World Cup Jao promotion further
fortified the affinity consumers had with Brand Britannia.
Zindagi Mein Life. That may be a hard-to-digest tag line, but that's
precisely what Britannia has been attempting to follow. The mantra of
India's leading bakery products firm is to continuously infuse more
zindagi into its lifeline - the seven pillar brands, each of which does
more than Rs 200 crore business.
The vigour in the company's operations seems to have increased after
two important events in the past couple of months - first, the Wadias
bought out French foods major GroupeDanone's stake in the company;
and second, Britannia ended its joint venture with New Zealand-based
Fonterra for the dairy business.
Britannia Managing Director Vinita Bali, of course, doesn't want to talk
about the tumultuous relationship the company had with Danone as it's
strictly a shareholder issue. "It never affected the running of the
business,"
she
says.
She could well be right as despite the past problems, Britannia controls
a third of the Rs 8,000 crore biscuits market in India and the seven
pillar brands - Tiger, Good Day, Marie, Treat, 50:50, Milk Bikis and
Nutritive - have already become household names across the country.
The only thing it is seeking to do now is to keep pace with India's
fast evolving consumption patterns and needs. In keeping with the
underlying theme that the company produces good food that is fun to
eat, the company is offering products spanning across segments - right
from a basic glucose biscuit to a wholesome wheat grain to a richer
creamy chocolate biscuit.
This perhaps is the specific insight that has made Britannia morph its
glucose-only brand 'Tiger' into a much larger brand by offering variety.
The company has been in the glucose market since the past decade and
has managed to garner around 17 per cent share in this high volume
segment, lagging behind Parle's share of around 65 per cent.
"Glucose is part of Tiger, but Tiger is more than glucose. We are
leaders in all segments except glucose biscuits. It is the biggest
turnover generator as volume is high. With Tiger we are looking at a
broader canvas of kids' nutrition, and glucose is a part of it. Under the
Tiger brand, we are offering a range of other varieties including cream,
banana flavour, fortified with iron and others. Glucose is a big chunk.
It is growing but others are also showing good growth," chandra says.
But wanting to move away from a historical only-glucose offering,
Britannia is also leveraging the fact that children want to have fun
along with nutrition. "It is a combination of positioning as a brand
which is more enjoyable and good for you. The reason is kids like
variety in any kind of segment and that is our approach behind
expanding the Tiger brand, " Chandra says.
The company is also constantly expanding its list of brands with a
sharp focus. Example: Three years ago, broadly two to three brands
were active - Goodday, Tiger and to an extent Marie. But the base has
now been enlarged to seven powerful brands.
Britannia the biscuit leader with a history-has withstood the tests of time.
Part of the reason for its success has been its ability to resonate with the
changes in consumer needs-needs that have varied significantly across its
100+ year epoch. With consumer democracy reaching new levels, the one
common thread to emerge in recent times has been the shift in lifestyles and a
corresponding awareness of health. People are increasingly becoming
conscious of dietary care and its correlation to wellness and matching the
new pace to their lives with improved nutritional and dietary habits. This new
awareness has seen consumers seeking foods that complement their lifestyles
while offering convenience, variety and economy, over and above health and
nutrition.
Britannia saw the writing on the wall. Its SwasthKhao Tan Man Jagao (Eat
Healthy, Think Better) re-position directly addressed this new trend by
promising the new generation a healthy and nutritious alternative that was
also delightful and tasty.
Thus, the new logo was born, encapsulating the core essence of Britannia
healthy, nutritious, and optimistic and combining it with a delightful
product range to offer variety and choice to consumers.
CODE OF CONDUCT
The reputation that Britannia has built over the years for high ethical
standards is one of our greatest business assets. To share the responsibility
To preserve and enhance this asset, the company has documented the code of
business conduct (COBC) for its employees. This handbook covers the code
of details.
The COBC outline the principle, policies, and the laws that govern the
activities of the company, and to which employee of Britannia and other who
work with, or represent Britannia directly or indirectly, must adhere,
The code is distributed to all employee and director and other associated With
the business of the company, and offers and guidance for professional
Conduct under six main headings, which include the following key points :
1. Responsibility of Employee
Maintaining ethical standard, including appropriate accounting controls
Identify, surface and resolve ethical issues with great speed.
Corporate assets (physical and intellectual) must not be used for
personal
Benefit
4. Privacy / Confidentially
Product proprietary and confidential information at all the times in
accordance with applicable law
Keep employees information confidential
If you think Britannias are extraordinary individuals who are passionate about
everything they docreate inspiration through everything they doand succeed
in everything they doyoure probably right. Britannias are hand-picked for a
singular purposeto perpetually ensure Market Leadership and generate
exemplary performance in every function. Britannias exhibit the following
leadership behaviors (we fondly call Bulbs Britannia Universal Leadership
Behaviors)
Integrity
Team Orientation
People Development
Learning Orientation
Customer Orientation
Quality Orientation
Drive for Results
Entrepreneurial Spirit
Sales
Research
& Orientation
System
and Process
Developm
ent
Marketing
Communication
Human
Resources
& Legal
Activities
of the
company
Quality
Assurance
ACTIVITIES OF COMPANY
Finance
&
IT
Exports
Technical
&
Operations
individual
goals.
Establishing a
need analysis
Developing
training programs
Deliver the
training program
Evaluate training
program
STEP
1-
ESTABLISHING
NEEDS
ANALYSIS.
The techniques necessary for the data collection are surveys, observations,
interviews, and customer comment cards. Several examples of an analysis
outlining specific Financial Analysis needs are customer dissatisfaction, low
morale, low productivity, and high turnover.
The objective in establishing a needs analysis is to find out the answers to
the following questions:
Why
is
Financial
Analysis
needed?
What
type
of
Financial
Analysis
is
needed?
When
is
the
Financial
Analysis
needed?
Where
is
the
Financial
Analysis
needed?
- Who needs the Financial Analysis ? And "Who" will conduct the
Financial
Analysis
?
- How will the Financial Analysis be performed?
By determining Financial Analysis needs, an organization can decide
what specific knowledge, skills, and attitudes are needed to improve the
employees performance in accordance with the companys standards.
The needs analysis is the starting point for all Financial Analysis . The
Peer appraisal
Competency assessments
Subordinate appraisal
Client feedback
Customer feedback
Self-assessment or self-appraisal
Operational Level Financial Analysis Need analysis at operational level
focuses on the work that is being assigned to the employees. The job analyst
gathers the information on whether the job is clearly understood by an
employee or not. He gathers this information through technical interview,
observation, psychological test; questionnaires asking the closed ended as
well as open ended questions, etc. Today, jobs are dynamic and keep
changing over the time. Employees need to prepare for these changes. The
job analyst also gathers information on the tasks needs to be done plus the
tasks that will be required in the future.
Based on the information collected, Financial Analysis Need analysis (TNA)
is done.
STEP 2- DEVELOPING FINANCIAL ANALYSIS
MANUALS.
PROGRAMS AND
The design of the Financial Analysis program can be undertaken only when a
clear Financial Analysis objective has been produced. The Financial Analysis
objective clears what goal has to be achieved by the end of Financial Analysis
program i.e. what the trainees are expected to be able to do at the end of their
Financial Analysis . Financial Analysis objectives assist trainers to design the
Financial Analysis program.
The trainer Before starting a Financial Analysis program, a trainer analyzes
his technical, interpersonal, judgmental skills in order to deliver quality
content to trainers.
The trainees A good Financial Analysis design requires close scrutiny of
the trainees and their profiles. Age, experience, needs and expectations of the
trainees are some of the important factors that affect Financial Analysis
design.
Financial Analysis climate A good Financial Analysis climate comprises
of ambience, tone, feelings, positive perception for Financial Analysis
program, etc. Therefore, when the climate is favorable nothing goes wrong
but when the climate is unfavorable, almost everything goes wrong.
Trainees learning style the learning style, age, experience, educational
background of trainees must be kept in mind in order to get the right pitch to
the design of the program.
Financial Analysis strategies Once the Financial Analysis objective has
been identified, the trainer translates it into specific Financial Analysis areas
and modules. The trainer prepares the priority list of about what must be
included, what could be included.
Financial Analysis topics After formulating a strategy, trainer decides upon
the content to be delivered. Trainers break the content into headings, topics,
ad modules. These topics and modules are then classified into information,
knowledge, skills, and attitudes.
Sequence the contents Contents are then sequenced in a following manner:
From simple to complex
Topics are arranged in terms of their relative importance
From known to unknown
From specific to general
Dependent relationship
Financial Analysis tactics Once the objectives and the strategy of the
Financial Analysis program becomes clear, trainer comes in the position to
select most appropriate tactics or methods or techniques. The method
selection depends on the following factors:
Trainees background
Time allocated
Style preference of trainer
Level of competence of trainer
Availability of facilities and resources, etc
Support facilities It can be segregated into printed and audio visual.
The various requirements in a Financial Analysis program are white
boards, flip charts, markers, etc.
Constraints The various constraints that lay in the trainers mind are:
Time
Accommodation, facilities and their availability
Furnishings and equipments
Budget
Design of the Financial Analysis , etc
STEP 3: DELIVER THE FINANCIAL ANALYSIS
PROGRAM.
This step is responsible for the instruction and delivery of the Financial
Analysis program. Once you have designated your trainers, the
Financial Analysis technique must be decided. One-on-one Financial
Analysis , on-the-job Financial Analysis , group Financial Analysis ,
seminars, and workshops are the most popular methods.
Before presenting a Financial Analysis session, make sure you have a
thorough understanding of the following characteristics of an effective
trainer. The trainer should have:
- A desire to teach the subject being taught.
- A working knowledge of the subject being taught.
- An ability to motivate participants to want to learn.
- A good sense of humor.
- A dynamic appearance and good posture.
- A strong passion for their topic.
- A strong compassion towards their participants.
- Appropriate audio/visual equipment to enhance the Financial Analysis
session.
For a Financial Analysis program to be successful, the trainer should be
conscious of several essential elements, including a controlled
Financial
Analysis
Once the staff, course, content, equipments, topics are ready, the Financial
Analysis is implemented. Completing Financial Analysis design does not
mean
that
the
work
is
done
because
implementation
phase requires continual adjusting, redesigning, and refining. Preparation is
the most important factor to taste the success. Therefore, following are the
factors that are kept in mind while implementing Financial Analysis
program:
The trainer The trainer need to be prepared mentally before the delivery of
content. Trainer prepares materials and activities well in advance. The trainer
also set grounds before meeting with participants by making sure that he is
comfortable with course content and is flexible in his approach.
Physical set-up Good physical set up is pre requisite for effective and
successful Financial Analysis program because it makes the first impression
on participants. Classrooms should not be very small or big but as nearly
square as possible. This will bring people together both physically and
psychologically. Also, right amount of space should be allocated to every
participant.
Establishing rapport with participants There are various ways by which
a trainer can establish good rapport with trainees by:
Greeting participants simple way to ease those initial tense moments
Encouraging informal conversation
Remembering their first name
Pairing up the learners and have them familiarized with one another
Listening carefully to trainees comments and opinions
Telling the learners by what name the trainer wants to be addressed
Getting to class before the arrival of learners
Starting the class promptly at the scheduled time
Using familiar examples
Varying his instructional techniques
Using the alternate approach if one seems to bog down
Reviewing the agenda At the beginning of the Financial Analysis program
it is very important to review the program objective. The trainer must tell the
This step will determine how effective and profitable your Financial
Analysis program has been. Methods for evaluation are pre-and postsurveys of customer comments cards, the establishment of a cost/benefit
analysis outlining your expenses and returns, and an increase in customer
satisfaction and profits.
The reason for an evaluation system is simple. The evaluations of
Financial Analysis programs are without a doubt the most important step
in the Financial Analysis process. It is this step that will indicate the
effectiveness of both the Financial Analysis as well as the trainer.
There are several obvious benefits for evaluating a Financial Analysis
program. First, evaluations will provide feedback on the trainers
performance, allowing them to improve themselves for future programs.
Second, evaluations will indicate its cost-effectiveness. Third, evaluations
of
Financial
Analysis
Evaluation
evaluation are:
Before Financial Analysis : The learner's skills and knowledge are assessed
before the Financial Analysis program. During the start of Financial Analysis
, candidates generally perceive it as a waste of resources because at most of
the times candidates are unaware of the objectives and learning outcomes of
the program. Once aware, they are asked to give their opinions on the
methods used and whether those methods confirm to the candidates
preferences and learning style.
Observation
Questionnaire
Interview
Self diaries
The search for young, enthusiastic talent is always on at Britannia. The work
culture at Britannia is characterized by strong performance focus coupled
with result orientation
Nurturing Talent
An innovative company like Britannia is always on the lookout for
innovative, young minds. The Management philosophy encourages nurturing
of talent through grooming of bright and young entry-level managers. The
organizational culture provides a perfect blend of fun and learning that helps
in the overall development of talented individuals recruited into the system.
Today, with a huge variety of professional institutions spread across the
country, there is a broader canvas to choose from. The main sources of
recruitment of Management Trainees are:
Business Schools (MBA)
Engineering Institutes
Food Technology Institutes
ICAI/ICWAI/ICSI/ICFAI
professional courses.
and
other
such
institutes
offering
The Program - Once MTs are on-board, they are taken through a series of
carefully designed Financial Analysis Modules that encompass almost all
functions of the business. The Financial Analysis Modules are interspersed
with live projects in different functions to test their knowledge and problemsolving abilities. Ideally, any Management Trainee would need to complete at
least 2 live projects related to his/her stream of interest and 1 live project in a
related function or a function of choice.
At the end of the Financial Analysis period, all MTs are assessed on the basis
of their learning and project performances by a cross-functional panel
consisting of Functional Heads. On successful completion of their Financial
Analysis Program, MTs are confirmed as Managers in their respective
functions.
The total tenure of Management Financial Analysis is 18 months for a
Technical Trainee (Engineer/Food Technologist) and 12 months for all other
trainees.
trainees. The various methods under Cognitive approach provide the rules for
how to do something, written or verbal information, demonstrate
relationships among concepts, etc. These methods are associated with
changes in knowledge and attitude by stimulating learning.
The various methods that come under Cognitive approach are:
LECTURES
DEMONSTRATIONS
DISCUSSIONS
COMPUTER BASED FINANCIAL ANALYSIS (CBT):
Intelligent Tutorial system
Programmed Instruction (PI)
Virtual Reality
trainees. The various methods under Behavioral approach allow the trainee to
behavior in a real fashion. These methods are best used for skill
development.
The various methods that come under Behavioral approach are:
GAMES AND SIMULATION
BEHAVIOUR-MODELING
BUSINESS GAMES:
Case studies
Equipment stimulators
In Basket Technique
Role Plays
Both the methods can be used effectively to change attitudes, but through
different mean
Another Method is MANAGEMENT DEVELOPMENT METHOD
MANAGEMENT DEVELOPMENT METHOD
The more future oriented method and more concerned with education of the
employees. To become a better performer by education implies that
management development activities attempt to instill sound reasoning
processes.
CHAPTER -3
FINDINGS
on the job
of the job
Interpretation
Most of the workers were with on the job Financial Analysis
69% of the workers said on the job
31% of the workers said off the job
2. Do you feel that company takes Financial Analysis
seriously?
process quite
a) Yes
b) No
yes
no
Interpretation
Most of the workers replied yes
3. Do you feel restricted by rules, policies and procedures while undergoing
the Financial Analysis process?
a) Yes
b) No
yes
sometime
no
Interpretation
Most of the workers replied yes.
4. Your organization consider Financial Analysis as part of organizational
strategy, do you agree with this statement
a) Yes b) no
yes
no
Interpretation
55% of the workers were agree with the statement.
middle level
junior staf
new staf
INTERPRETATION
Target group undergoes in Financial Analysis process 15% for middle
level, 35% of junior staff and 50% for new staff.
7. Do you feel that Financial Analysis has benefited you in any way?
a) Yes
b) No
yes
no
8. Rate the quality of Financial Analysis that you received from the
Financial Analysis session.
a) Very beneficial
b) Beneficial
c) Not very beneficial
d) unimportant
very beneficial
beneficial
not very beneficial
unimportant
CONCLUSION
SUGGESTIONS
QUESTIONNAIRE
1. Personal Information:-
Age
Address
:
Designation
Pay scale
Experience
process quite
seriously?
a) Yes
b) No
b) No
b) No
7. Do you feel that Financial Analysis has benefited you in any way?
a. Yes
b. No
8. Rate the quality of Financial Analysis that you received from the
Financial Analysis session.
a. Very beneficial
b. Beneficial
c. Not very beneficial
d. Unimportant
Executive (L1-L2)
Skilled
Semi-skilled
Unskilled
4.
Medical facility
canteen facility
Shelter & rest facility
Recreational facility
Medical etc.
Yes
No
Yes
No
(c)
Satisfaction
Average
Unsatisfactory
6. (a)What are the benefits/facility you availing at present
regarding your family welfare?
Education facility
Housing
Medical
Loan
Transport
Satisfactory
Average
Unsatisfactory
YES
NO
BIBLIOGRAPHY
WEBSITES
managementhelp.org
appraisals.naukrihub.com
www.britannia.co.in
www.wikepidia.com