EXECUTIVE SUMMARY
Bajaj Finserv is 25yrs old the most diversified non banking sector and the largest Financier of Consumer durables in India.
Through their deep investments in Processes, Technology, and People, the have ensured they deliver what they promise. It has onlyone market sales of consumerdurablesloan product provided in EMI basedloan.
From this project I am able to seek the practicality of subjects which I have learned during my classes and implementing these functions I am able to learn more pros and cons than what I have learnt theoritically.
Purpose of doing these for the company is to Penetrate the Finance at store level and to implement those for the better profits and better functioning of the company. Analyzing the
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Hereunder is an indicative list:
• Home improvements and furniture
• Modular kitchens
• Jacuzzi & bathroom fittings
• Kitchen equipment
• Home furnishings
• Luxury watches
• Fitness equipment
• Stem Cell
• Laptops
• Tablets
• Smartphones
SWOT Analysis :
Strenghts: The Strength of a business are positive elements. It is the Capital, Skills or Knowledge that a company has over its competitors.
Weakness: Weaknesses of a company are the things that to be improved to get better results. Weaknesses are things that place behind competitors and stop someone being objectives.
Opportunities: These are the external change, trends or needs that can enhance Organization’s strategic position.
Threats: These are the negative events that can cause risk to the organization.
Strenghts • Experienced Management
• Extensive R & D focus
• High performance products
• Schemes designs
• Hardworking employees
• Less Rivals in the market
Weaknesses • Still has to establish a brand
• Not a globally recognizable brand
• Not a global player
Opportunities • Improved schemes in the market
• Number one NBFC
• Growing demand for 0% financial schemes in the
The process of management consists of four major elements that are interrelated. Leading, controlling, planning, and organizing are considered these four elements (Hill & Jones, 2011). Using each of these elements, the strengths or weaknesses of the company will be evident. A strength of an organization refers to potential competitive advantage or the distinctive competency that is inherent to an organization. This is in regards to organizational operations. A Weakness of an organization refers to any aspect of the company that needs to be improved upon (Hill & Jones, 2010).
I believe that everyone has their own strength and weaknesses, but not everyone is able to figure out their strengths and weaknesses correctly. Knowing our own strengths and weaknesses is essential because it can help to achieve success in anything we choose to do. For me, my weakness is the time management, communication skills and weak in preparing effective Curriculum Vitae (CV) Below will be further explaining all my personal weaknesses and the ways to overcome it.
The weakness I portray are very difficult for me to think of. I know that I have quite a few but to change them is something that I have not full conquered yet. A weakness I know I have is sentence structure. I am not very good at putting sentences together and making them strong and well developed. Another weakness that is obvious is word choice. I don't always know the exact wording to use in different parts of a paper, this makes it hard to understand sometimes not very well written.
What does strength mean? It means courage, being brave, being an individual, teamwork and having great willpower. When I say courage, I mean to over face your fears and becoming stronger and becoming brave. By being an individual it means that you stand up for what you think what's right or do something different from another group of people and sticking with your own thing, and having great willpower, is the ability to control yourself, strong determination that allows you to do something difficult.
This, in order to identify what are the true costs of each customer and each order, enables the company to fully understand its cost structure thereby providing the base for better business choices and higher profitability. These are very sensible goals indeed. Even though the company is profitable, implementing a new, activity-based cost accounting system will allow the company to improve its margins and become even more focused and competitive in the future. 2.2. What is the difference between a.... ...
It outlines the interconnection of a company’s financial and non-financial elements and aims to combine them and show value creation and maintenance. It identifies resources and their effective and responsible usage. It intends to create a dialogue between the shareholders and other stakeholders and provides them with detailed information.
Strength is a term with many definitions. What does strength mean? Anyone can sit down and start to write down their strengths but, how many different types of strengths are there? There are personal strengths, mental strengths, and spiritual strengths that all have a positive effect on people’s lives. Throughout life, strength is what helps overcome the problems we face. Strength is defined by Dictionary.com as “a good or beneficial quality or attribute of a person or thing.” No matter what kind of strength different people in society have; strength is something gained through personal experiences and life. Strength is having the mind set to overcome all of life’s challenges and battles.
Leadership is not concerned with the position in the management of the company or the at what level you are working. A general thinking is that the most senior in the management of any company becomes the leader of that company. They are just that, senior executives. It is not connected with any pay grades or the level of seniority you have in the organization.
The purpose of the new system that I will develop is to improve on the
Case Study:Hindustan Unilever Limited. Hindustan Unilever Limited (HUL) is India's largest fast moving consumer goods company, with leadership in Home & Personal Care Products and Foods & Beverages. HUL's brands, spread across 20 distinct consumer categories, touch the lives of two out of three Indians. They endowed the company with a combined volume of about 4 million tonnes and sales of Rs.10,000 crores.
Aditya Birla Group is one of the first multinational corporations in India. Its headquarter is located in Mumbai with many others operations in different parts of the world such as in Asia (Thailand, Singapore, Myanmar, Laos, Indonesia, Philippines, China…), Europe (UK, Germany, Hungary, Italy, France, Luxembourg, Switzerland…), America (US, Brazil…). Throughout their growing, Aditya Birla have become well known in many sectors that they get involved in not only in India but also around the world. Back to the earlier day of the corporation, when it first founded, the group has focused on critical sector such as textiles and fibre, aluminum… and become one of the largest participant in those areas. Later on, in the 1960s, the company had expanded their business into cement and chemicals. Also, they expanded their business across the border of India into many other countries. This “revolution” has brought the name of the group into the international business map and become bigger than ever (Aditya Birla Group 2007). Today, ABG is a corporation with the consolidate revenue of 30bil with the affiliates in 45 countries and 60% of their revenue come from internationally and become one of the largest private company in the world (Aditya Birla Nuvo Limited, 2011).
of a firm to attain new forms of competitive advantage (Müller, 2011). It is due to these
First you need to identify the organization’s internal and external resources, organization’s strengths and weaknesses as compared to its competitors and the opportunities it has for better utilization of resources.
...llenging to the organization is undeniable thus the organizations really have to come out with competitive transformation strategies so that they are strong enough to compete with their business competitors (Tonono, 2008).
Nowadays with the implementation of new emerging technologies, the way businesses keep this financial information has become computerised. At the moment businesses use computers with a computerised accounting system in order to perform many other new activities than what they were able to do in the past. Businesses can access financial information from different department in the organisation, access to the information through computers and find financial data very fast, being more efficient. (Beliss, 2013)