The Sherwin-Williams Co.

The Sherwin-Williams Company Sherwin Williams is the largest manufacturer of paint products in the U. S. It is the most famous painting company in the United States. The Company owns more than 34 factories and 3,200 of their own branded stores, that is why it is considered the largest chain stores in the world of colors. The American company Sherwin-Williams was founded in 1866. Since its establishment, the company made a bid for new technology and innovation. 11 years after its founding in 1877, Sherwin-Williams Company has produced a revolution in the coatings industry, it has patented the manufacture of paint in an airtight jar. Since then the company is a leader in the development of new high-quality coatings based on the latest technologies and unique designs (Sherwin-Williams, 2011). Today, the Company Sherwin-Williams is the largest manufacturer of paint products in the U. S. , it is the most famous brand of paint in America, it is a transnational corporation with a turnover of 8. 02 billion dollars in 2007. Sherwin Williams Paints, known as ones of the highest quality, and therefore they are used for painting historic buildings and landmark buildings. The superiority of Sherwin Williams, among other companies is leadership of its paints in the global market thanks to new technologies, environmental production and exclusive content. Sherwin Williams Company’s products meet the highest standards, and especially the line with the brand GreenSure (Hoffman et al. 2010). There are the main features of paints of the company Sherwin Williams. Firstly, paints of this company are not sprayed. Secondly, when applying them to the surface they create smooth surface in the drying process. This is especially evident in comparison with the PVA-based paint or acrylic paint. Thirdly, paints of the company Sherwin Williams are aesthetic and efficient to use. Many of the Sherwin Williams paints can cover the surface with a single fold. This is due to different kinds of primers for different surfaces. The density of the substrate depends on both the paint and the shade. Therefore, Sherwin Williams paints save costs. Sherwin-Williams has and manages more than 2,000 retail trade in its possession. 50% of all its products come from enterprises, the shares of which belong to the corporation. In order to assess the company’s risk it is important to understand that risk is the possibility of adverse situations during the implementation of plans and use of the company’s budget (Doole & Lowe, 2008). The financial risk is the risk of adverse financial consequences in the form of loss of income and capital under uncertainty conditions of its financial activities. Commercial risk, in turn, is the non-realization of purchased goods, failure to price changes, loss of goods, the excess costs of treatment (Allen, 2010). At the present stage one of the main types of financial risks of the enterprise include (Adam, 2008): †¢ Risk reduction of financial stability. This risk is generated by imperfections in the capital structure, generating an imbalance of positive and negative cash flows of the company by volume. As part of the financial risks of the hazard (generated by the threat of bankruptcy), this risk has played a leading role. †¢ The risk of insolvency of the company. This risk reduction is generated by the liquidity of current assets, generating an imbalance of positive and negative cash flows of the company over time. In terms of financial impact this risk is also one of the most dangerous. †¢ Investment risk. It characterizes the possibility of financial losses in the investment activities of the enterprise. †¢ Inflation risk. In an inflationary economy, it stands out as a separate type of financial risks. This type of risk is characterized by the possibility of depreciation of the real cost of capital (in the form of financial assets of the enterprise) as well as the expected income from financial transactions in an inflationary environment. This type of risk under current conditions is permanent and is accompanied by virtually all financial enterprises. Interest rate risk. It is an unexpected change in interest rates in financial markets (both deposit and lending). The cause of this type of financial risk is the change in financial market conditions under the impact of government regulation, growth or decline offers of free cash resources and other factors. Negative financial conseque nces of this type of risk can be observed in the emission of the company in its dividend policy, in short-term investments and other financial transactions. †¢ The credit risk. It takes place in the financial activities of the enterprise in the provision of commodity or consumer loan customers. Its forms is a risk of nonpayment or late payment for a loan now tempered finished products, as well as the excess of the estimated budget for debt collection. †¢ Tax risk. This kind of financial risk has several implications: the likelihood of introducing new types of taxes and duties to carry out certain aspects of economic activity, the ability to increase the rates of existing taxes and fees; change the terms and conditions of certain tax payments, the probability abolish existing tax breaks in the field of business enterprise. It has a significant impact on financial performance. †¢ Structural risk. This type of risk is generated by inefficient financing the current costs of the enterprise that contributes to the high proportion of fixed costs in their total amount. High operating leverage ratio under adverse conditions of the commodity market developments and lower gross positive cash flow from operating activities generated a significantly higher rate of decline in the amount of net cash flow for this activity (Sandhusen, 2000; Lasher, 2010). Sherwin-Williams uses long-term debts that directly impact its bonds rating. This estimation has a significant role for the company’s development since it reflects the position of the company in the market. Moreover, the company has the obligations towards clients and investors and that is why it has to pay attention to the assessed rating of its obligations (McDonald & Mouncey, 2011). Works Cited Adam, Alexandre. Handbook of asset and liability management: from models to optimal return strategies. John Wiley and Sons, 2008. Allen, Judy. Marketing Your Event Planning Business: A Creative Approach to Gaining the Competitive Edge. John Wiley and Sons, 2010. Doole, Isobel & Lowe, Robin. International marketing strategy: analysis, development and implementation. Cengage Learning EMEA, 5th ed. , 2008. Hoffman, Andrew et al. Sherwin Williams: Splashing Into the Low VOC Paint Market. William Davidson Institute At The University of Michigan, The, 2010. Lasher, William. Practical Financial Management. Cengage Learning, 6th ed. , 2010. McDonald, Malcolm & Mouncey, Peter. Marketing Accountability: A New Metrics Model to Measure Marketing Effectiveness. Kogan Page Publishers, 2011. Ogden, James & Rarick, Scott. The Entrepreneur's Guide to Advertising. ABC-CLIO, 2009. Sandhusen, Richard. Marketing. Barron's Educational Series, 3rd ed. , 2000. Sherwin-Williams. History of Sherwin-Williams. 2011. Web Nov. 25, 2011. Standard & Poor's. The Standard & Poor's 500 Guide. McGraw-Hill Professional, 2005. US Fire Administration. Sherwin-Williams Paint Warehouse Fire; Dayton, Ohio. FEMA.

Business Proposal Essay

Market Structure and Elasticity The elasticity depends on if in a year Google sells over one million and stays under the competitor price of $80 dollars by Belkin Miracast then it can fluctuates it price to $50 per Chromecast. The elasticity of demand is once a manager knows the marginal cost, they should then set the price over marginal cost. This is the profit that the product will produce. The industry for Chromecast is to allow people the choice to go beyond the monopolistic competitive market structure such as Comcast to a lesser monopolized substitution for cable: Chromecast. Pricing Strategy based on Market Factors Having a strategy for Chromecast will address the competition and the day to day operations. Using cost leadership, differentiation and having focus will allow the pricing strategy to affect marginal cost and allow you to profit by selling more of the lower price item to focus in a on a smaller audience which will provide revenue in the future due to the differentiation that you have for your product and stepping out amongst your competitor to offer the lower price for the Chromecast. How will changes in the quantity supplied as a result of your pricing decision affect marginal cost and marginal revenue? Changes in Revenues and Costs Lead to Changes in Profits (Markup Pricing, 2014) We see here that if a company changes their price, it can lead to changes in the cost and revenue, the profit is equal to the change in revenue minus the change in cost—that is, the change in profit is marginal revenue minus marginal cost. When marginal revenue equals marginal cost, the change in profit is zero, so a firm is at the top of the profit hill (Markup Pricing, 2014). Non Pricing Strategy The non-pricing strategy can be used for Chromecast to gain sales due to many customers valueing quality over cost, consumers want to know that if they pour money into something that they are getting what they paid for and expect more from the product than they paid for. The non pricing strategies that will be used in determinning the increased barrier to entry from the normal price slashing will be network effects, compactability to be able to ownership of control of a key resource, high set up cost, advertising, and finally having a strong brand. Having a pricing entry of $35 dollars is an impluse to buying the device, but the non pricing strategy can be the most potent strategic weapon, â€Å"Chrome is a focus at Google; Android is an  afterthought,† (Keizer, 2013). Another non pricing strategy is the simplicity rules that Chromecast leverages demonstrable consumer behavior with wireless media recievers, and marries that with the mobile ecosystem (PBS, 2014). Economic cost concepts and how could changes in your business operations alter the mix of fixed and variable costs in line with your strategy? Everything has a cost, deciding on if that cost is something a company can control can be a challenge to the business, looking at fixed cost and variable cost, such as interest paid back on a car loan it’s the same. Can the money be controlled such as fixed cost, or does the needle money the money for a variable amount. A few examples of a fixed cost is rent on a building to be able to make the product and depreciation over time. This can lead to knowing what the cost will be advance for the product and how it factors into the profit will lead a company to understanding more about their product and the overall outcome of how it affect the budget. A few variable cost involved with the product can have a cost of labor, this can change due to the experience of the workers and overtime that meets the demand of the time sensitive product to release to the world. Cost of labor can change and factoring this into your budget is a must to formulate your budget, hence every year cost of labor goes up if you give raises or bonuses. Another demanding variable cost is the shipping and delivery charges, if your are shipping all over the world and products have to go thru customs, then the price goes up, factoring a baseline for the product will help a business calculate the plan for the business and allow a budget to be factored into the everyday profits that the product produces. Conclusion Overall, Chromecast is a product of Google and allows a choice for the over demanding cable industry. Giving your customers a choice promotes respect and loyalty, in this business proposal the topics of economic principles were presented and statements about the market structure and the elasticity of demand for the good or service. Chromecast is a thumb- sized media streaming device that plugs into the HDMI port on your TV. Set it up with a simple mobile app, then send your favorite online shows, movies, music and more to your TV using your smartphone , tablet or laptop. Chromecast is remote free and as simple as a plug and play and only cost  $35. In this business proposal the market structure and elasticity of the product was identified, the following questions were answered: How will pricing relate to elasticity of your product? How will changes in the quantity supplied as a result of your pricing decisions affect marginal cost and marginal revenue? Besides your pricing decisions, what are your suggested nonpricing strategies? What nonpricing strategies will you use to increase barriers to entry? How could changes in your business operations alter the mix of fixed and variable costs in line with your strategy? The proposal demonstrated an understanding of the uses of product differentiation by not allowing certain content to be streamlined to your television and native apps or services installed in the product (Google, 2014). References Google. (2014). Keizer, G. (2013). Computerworld. Retrieved from http://www.computerworld.com/s/article/9241170/With_Chromecast_Google_reveals_Chrome_as_its_strategic_big_gun Markup Pricing. (2014). Retrieved from http://2012books.lardbucket.org/books/theory-and-applications-of-microeconomics/s10-04-markup-pricing-combining-margi.html McConnell, C. R., Brue, S. L., & Flynn, S. M. (2009). Economics: Principles, problems, and policies (18th ed.). Boston, MA: McGraw-Hill Irwin. PBS. (2014). Retrieved from http://www.pbs.org/mediashift/2013/07/5-reasons-google-chromecast-will-transform-tv/

Strategic management Essay Example | Topics and Well Written Essays - 500 words - 5

Strategic management - Essay Example GM is utilizing the environmental principles to manage its supply chain, control and regulate the business functions, manufacturing processes and putting the vehicles on road. The principles that drive the policies of the company towards a green future are stated as follows: Reduction of waste: General Motors have recycled about 92 percent of materials in its manufacturing department. The company is reusing 97 percent of its waste so the landfill has reduced considerably. The remaining 3 percent of the waste is converted into energy. So it proves that nothing gets wasted at GM. The intention of General Motors to focus on environment is really appreciating and good. The company decided to invest $ 40 million in offsetting the carbon footprints. This is an initiative of the company to present a strong image to the investors. The stock prices would rise due to its strong position in the market. General Motors commitment towards the environment is twofold. It wants to produce cars that would offer great mileage and also reduce emission (AFED, 2011). By creating vehicles which are eco-friendly, GM would receive support from the government as well as attract eco-friendly buyers. It would also create new customer group for itself. The strategic decision of the company is to support the presidential administration for supporting the economy and also sell more cars which are fuel efficient. In the present scenario when the fuel prices are high, customers would be attracted towards the most fuel efficient

Men and Women See the World Differently Essay Example | Topics and Well Written Essays - 750 words

Men and Women See the World Differently - Essay Example As the paper declares despite the fact that the circumstances leading to a stressful situation may be similar between the two sexes, the way they respond to it is often quite different. Men, for example, tend to become moody and brood over the situations, and more often than not, they end up picking up fights with the people they love. Furthermore, men are more likely to prefer remaining alone until such a time as they feel better before needing any company. This is not the case with women who, when dealing with stressful situations, often seek the company of their friends and family to help them deal with the situation. It can therefore be said that while men are often aggressive when in a stressful situation, preferring to be alone, women on the other hand prefer to deal with the situation with the help of the people they love. This paper highlights that another way through which men and women view the world differently is in the use of new technology such as the internet in their daily lives. It has been found that men are more likely to use the internet on a daily basis than women are; in fact, men have been found to prefer doing practical things such as paying bills online instead of doing it physically. Women, on the other hand, prefer to handle things physically, and when making searches online, they are less likely to view a broad range of information sources. Instead, they often use those sources that they trust to get, and these are limited in number.

Employment Experiece Journal Essay Example | Topics and Well Written Essays - 2750 words

Employment Experiece Journal - Essay Example of backlog in terms of my course works and assignments and made it more challenging for me especially in internalizing the various theories in the module. The things that I learnt about in this module will help in working in a global business environment. This will also be useful because modern firms, even those which don’t operate globally, have to work in a global arena and apply the tools that are necessary to operate in a global business environment. I was able to understand the various issues that are revenant in a modern business environment and how the global business environment came to be. Regardless of the many challenges that I had during the module, I was able to actually enjoy the module and I believe most of the things I learnt in the module will be useful in my future, either in employment or in operating my own business. Specifically, it is necessary to me because intent to start a web based business and operating a website is like operating a global business. Through this module and the personal research that I carried out, I am now able to help a business to identify the high volume area that it can used to access across worldwide market and use this as the basis if it is expanding to the international busine ss (Blyth & Zimmerman, 2005). This module was one of the most intriguing modules to study. I was able to learn a lot of things about modern marketing. Again, this module provided me with knowledge that wills be useful both in an employment environment as well as an entrepreneurial environment. While taking this module, I was able to have a few brainstorming with friends of mine and we were able to brainstorm on the various issues which were raised in the module and how valuable they are. This module provided me, and hopefully most of the other students, with a good foundation to roll out a successful career in marketing, especially with regard to modern business environment and global competitiveness. It was probably my deep interests in

Disucssion Board 5-1 Assignment Example | Topics and Well Written Essays - 250 words

Disucssion Board 5-1 - Assignment Example The leader must ensure getting substantial information about the members during the screening stage before the actual beginning of the group. For instance, a group leader of adolescent school students should identify with the dynamics of the members and demonstrate sufficient knowledge of the psychological issues concerning adolescents. As a leader of an adolescent group, I would consider songs as the opening exercise in the beginning of a group. I would ask the adolescent students to sing their favorite songs in whichever language they like. The reason for avoiding the use of specific language is to remove restrictions in the initial stages of meeting, which might work to derail effective group processes in the future. In addition, opening language for use in singing by individual members is to help everyone express his/her beliefs while demonstrating how they cherish certain cultures. The messages and tone of the songs considered favorite can also help members develop slight understanding of one another alongside appreciating differences as exhibited by different songs. Once members begin to appreciate differences and gain slight understanding of one another, they can start developing friendship and openness, which can help establish and build trust (Lerner, McLeod & Mikami, 2013) Another opening exercise may involve diving members into groups of three people and asking the different group to engage in games of counter pulling of ropes. This game is usually interesting and requires willingness and commitment to emerge winner as contestants need to use a lot of energy. To win, members of a group will require to coordinate and arrange themselves in the manner can ensure productivity. This act of coordinating and then reaching to agreement is an important tool for building trust as they have to talk and exchange ideas on how to win the game. Once members

Finite Element Analysis of Structures MSc in CIVIL ENGINEERING Essay

Finite Element Analysis of Structures MSc in CIVIL ENGINEERING - Essay Example Upon assessment of the bracelet, the assessment requires a report on the design as well as making recommendations and preferences to the design. The project requires skills of structural mechanics and dynamics to assess the functional capacity of the bracket. Through real life analysis, the viability of the design shall be developed by incorporating the availability of material as well as the safety of the design. The problem that is presented in this report is a suspicion that a given design of a ceiling bracket fails to meet the user requirements and may be unfit. There is also suspicion that the production of the bracket may not be a viable idea, economically. Although the functional requirements of the bracket may have been included in the design of the bracket, its usability, flaws in the design as well as the structural elements of the production process may hinder applicability and reliability. The problem that the proposed bracket is solving is supporting a maximum vertical load of six Kilo Newton and a side load of two Kilo Newton. The investigation of the viability of the bracket can be derived from the definition of an engineer. An engineer is a professional who has acquired the academic qualifications in the engineering field and is capable of practicing the concept. This involves, identification of a problem that faces a community or individuals, assessment of the problem, proposing of possible solutions to the problem and production of the best-suited solution while ensuring that the functional requirements, which define the problem, are met. The economic and aesthetic functions of the developed solution have to be also integrated in the solution. The investigation thus is done to establish the viability of the bracelet design, in ensuring that it meets the functional requirement of supporting the weight of various elements from the ceiling. Under the investigation, it is also worth noting

Feedback and its importance Essay Example | Topics and Well Written Essays - 500 words

Feedback and its importance - Essay Example in organizations) or in universities. Since the key objective of providing feedbacks is to inform the individuals concerned regarding their performance, and give them objective opinions, it helps them to understand their strengths and weaknesses and utilize their capabilities to the optimum, and hence pave way for self-growth. Furthermore, feedback helps in identifying the problem areas or areas of concern and develops ways to overcome the shortcomings. For instance, in terms of organizational learning, the managers periodically evaluate the job performance of their workers and employees, and provide them feedback on the basis of a thorough assessment. Such an assessment can then be used by the workers to identify gaps in their performance and use the same to increase their productivity (Anderson 1990; Kluger & Denisi 1996). Similarly, feedback in universities, which are given in the form of grades or critique of their work, helps the students in identifying the areas in which they e xcel and those where they need to put in more effort. Various schools and universities also enable teacher feedback, whereby the students assess the performance of their teachers. It is only through feedback, that any substantial and positive change can be hoped to be achieved.

God's Existence Essay Example | Topics and Well Written Essays - 250 words

God's Existence - Essay Example In a similar manner, we could actually prove the existence of God without resorting to highly scientific analysis which sometimes could confuse people more than explain things to them. In proving the existence of air, the movement of the leaves on the trees or the feel of the breeze on one’s face are evidences that there is air even though one could not actually hold or see it. Likewise, one could only prove the existence of God through the existence of tangible things. When a person looks around, he could notice order in so many things. Common sense tells us that there must be someone who has caused all the things around us to be in order. For example, if children leave the house topsy-turvy and they arrive to a well-organized home; they would know that somebody placed all things in order. In contrast to the Big Bang theory, common sense and science show that things do not simply arrange themselves in a perfectly organized and functional manner. There must be someone who orga nized the earth, the sun, the moon and the stars and that someone must be

Should America legalize marijuana Essay Example | Topics and Well Written Essays - 2250 words

Should America legalize marijuana - Essay Example has some pivotal active ingredients such as cannabidiol, tetrahydrocannabinol and cannabinol which help to increase appetite, reduce pain and provide relaxation. The positive benefit of legalization can benefit America at the time of economic struggle. It has the potential to create more jobs and lower the crime rate of the country. Scientifically, it has been approved that consumption of marijuana is less destructive than that of other drugs, such as alcohol, aspirin and tobacco. Scarce laws and a mammoth amount of money spent for the prevention of marijuana sale can be used for the betterment of the country. A significant amount of tax revenue can be generated from the sales of marijuana, which would benefit local and state government of America. This essay will discuss the legalization of marijuana in America that can help to enhance a positive economic growth rate of the country and diminish the amount of crime. The legalization of marijuana can be viewed as a controversial topic in society. The historical use of medical marijuana has been around for ages. In United States of America, the application of medical marijuana has a long history. It has been revealed from the documents that use of marijuana is considered as a regular activity from 1900 to 1940. Over the past years there have been search for a medicine or drug that can aid people to get respite from the vast burden of life. Medical marijuana is the potential medicine of getting relief from stress of life. Day to day pressure of people to sustain in the competitive market and reduction of stress have been the pivotal factors for the downgrade of happiness and enjoyment. Eventually new laws were implemented to crack down the use of marijuana, cocaine and drugs in United States of America. Over the period of time, strict laws were adopted to reduce the use of marijuana and make it illegal. The implementation of strict laws on marijua na started from early 80s. From early 80s laws became much more

Importance of Qualifications from an Aviation Manager’s Perspective Essay Example for Free

Importance of Qualifications from an Aviation Manager’s Perspective Essay Aviation is described as aircraft operation with the objective of providing air transportation. Air transportation can further be defined as all the civil flying which is performed by air carriers which are certificated and also the general aviation. The industry of air transport can be credited for its vital role it plays in the today’s global world. Management of the aviation industry is complex and thus it requires one to be competent so as to be able to deal with the challenges that face this industry in our modern world. In addition, the organizational and industrial overview of the air line business is also a complex task and can not be managed by a person who does not have qualifications in aviation management. One needs to have qualification in aviation management so as to make the organization to excel in the job market as well as to manage the other employees so as to improve performance of the organization (Yilmaz, 2008). To be able to manage the organization effectively, one need to understand on the quality of services that the company should produce so as to attract more customers and also he should have leadership traits which can enable him or her to control the behavior of the employees toward achievement of the organization. He should also be able to control conflicts that may be arising in the organization to make sure that workers are satisfied and thus they are working in a conducive environ Aviation industry need a management personnel who is competent so that he or she can be able evaluate the quantitative methods and applications in the organization. The personnel should be able to use the scientific management theories so as to support the situations of decision making by giving sound decisions which can help the organization to grow and even run profitably (Yilmaz, 2008). He or she should be able to use and apply various concepts in the organization such as the techniques of linear programming, the simulation methods, and the models of inventory control as well as the decision theory to ensure the organization is running efficiently. Furthermore, there is need for management personnel in the field of aviation to have knowledge about managerial accounting since it is a necessity in management. This will enable him or her to identify, accumulate, report and interpret the information about cost so as to make decision and control the general operation context (Yilmaz, 2008). It will also enable him to utilize and evaluate information supplied to him or her from accounting department. Having knowledge on managerial accounting can enable the management personnel to be able to have accounting tool which can enable him or her in determining on the performance of the organization. Aviation management personnel should be also qualified in the non profit and governmental accounting to enable him or her to be able to investigate the environment for decision making from a perspective of non-profit entity or public sector. This will enable the personnel to be able to analyze the consequences and also the regulation impact and the established pronouncements by governmental Accounting standards board, which is the comptroller of US and also the office of the general accounting for the federal. Aviation management personnel should also have knowledge on the financial management so that he can be able to have financial analysis, have measurement on the capital costs, capital management, capital budgeting, valuation and also in determining the analysis of the capital structures. A manager in the aviation industry should be competent and should be aware on the impact of the government as well as the current issues concerning aviation industry. He should be aware of this issue not particularly in the country but at a perspective of the world or globe. Aviation management personnel should be able to identify the market segment, to identify the trends that the organization must follow to achieve performance of the organization as well as identifying the developments that need to be introduced in the organization depending on the change in technological know how (Yilmaz, 2008). He should also be aware of the international standards required in the air transport industry so as to be competitive the market. Also being qualified will enable one to understand on the regulations and rules that govern air transport industry and make decisions on how to manage the operation of the organization according to such rules. The personnel should be able to forecast on the future trends and challenges using the present and the past trends of the industry so as to make the organization to be competitive in the market. There is also need of management aviation personnel to be competent so as to be able to identify the output and demand determinants in the organization as well as the labor relations. All in all, it is important for one to be qualified in aviation so as to be competent in the field of management in aviation industry. This is because one will be able to control all activities necessary in such industry so as to make it run efficiently and effectively for the growth or profitability of the organization.

International Trade Essay Example for Free

International Trade Essay International trade is a complex process that involves both physical and abstract components. Its physical aspects include the goods that are traded such as textiles, raw materials for automobiles and manpower or human resources to name a few. Some of its abstract components include the trading policies of governments from every nation and the trading agreements between the trading parties. Issues surrounding international trade vary in terms of complexity and nature, usually involving not only the direct physical and abstract components of international trade but also other areas of concern such as geography of trading locations and the insurance of the traded goods. Since international trade involves two or more traders situated in different countries, there is the issue of trading policies. Governments usually create trading policies that international traders should adhere to. Otherwise, trade compromises will be arranged. Like typical trading activities, there is also the issue of trade agreements between the trading parties specifying what kind and what amount of goods are to be traded for a specified duration. Prior to the actual trade, trading parties from across the world first arranges the payment and financial transaction details that are compatible with the existing laws of the receiving country. Each trading party will also have to ensure sufficient manpower to handle the actual transportation of the goods which, in effect, entails the secured transfer of goods from the supplier to the receiving client. The geography between the trading countries also gives rise to several issues such as determining and agreeing which route to take and what transportation equipments should be used. The security of the trading parties especially the receiving client is another issue in international trade as smuggling of prohibited products remains a big concern.

The Characteristics Of Bluetooth Technology Computer Science Essay

The Characteristics Of Bluetooth Technology Computer Science Essay It is a short range communication technology to connect to devices using short-range radio frequency(RF) which is intended to replace communication that uses cabling. It is used mainly to establish wireless personal area networks (WPAN),commonly referred to as AD-HOC or peer-to-peer (P2P) networks. This technology now a days are integrated into many types of business and consumers devices such as mobile phones, PDA, laptops, headsets, vehicles, printers. This technology is globally accepted and any devices which are bluetooth enabled can communicate with other bluetooth enabled device located in proximity to one another almost everywhere in the world. Bluetooth is a low cost, low power technology which provides small wireless networks. The devices with this technology connect each other through short range,ad hoc networks known as piconets. Every time a bluetooth enabled device enter or leave radio proximity the piconets gets established automatically and dynamically. Also each device in the piconets offers a simultaneous connection up to seven other devices and that piconet can also belong to several other piconets allowing a limitless connection. This technology also has the ability to simultaneously handle data and voice transmission which provides users with a variety of uses such as printing ,synchronization with PC and laptops, accepting voice calls through hands-free headsets etc. Some of the advantages of this technology includes: Replacements for cable: this technology replaces the use of different types of cabling required to establish a connection between 2 or more different or similar devices e.g mouse, headsets, keyboard, printers etc. Wireless synchronization: It automatically synchronize with bluetooth enabled devices such as laptops via wireless connection. e.g synchronization of address book contained in laptops,cellular phones etc. Internet connectivity: any bluetooth enabled device having internet connectivity can share the internet access with other bluetooth enabled device. One acts as a modem. e.g a laptop can use a internet via a bluetooth enabled cellular phone by establishing a dialup connection through the cellular phone. Bluetooth Technology Characteristics: Bluetooth operates in the unlicensed 2.4 GHz to 2.4835 GHz Industrial, Scientific and Medical (ISM) frequency band. Many technology such as IEEE 802.11 b/g WLAN standard operate in this band. It employs frequency hoping spread spectrum (FHSS) for every transmissions, also FHSS helps to minimize the interference and transmission errors as well as provides a limited level of transmission security. This is done by the technology which detects the devices under the spectrum and avoids the frequency used by the other bluetooth enabled device. Also the communication between the devices uses 79 different radio channels by hoping frequencies at 1 MHz interval giving a high degree of interference immunity and allowing better transmission within the spectrum. This hoping provides greater performance even when other technologies are being used simultaneously with bluetooth technology. Range: the operating range depends upon the device class which include the following: Class 3 radios : supports up to 1m or 3ft. Class 2 radios : found in mobile devices-ranges from 10m or 33 ft. Class 1 radios: used in industrial sector having a vast range of 100m or 300 ft. Bluetooth low energy technology has a range of up to 200m or 600ft. Power Consumption: class 2 device uses 2.5 mW of power. The generic alternate mac/phy in version 3.0 HS enables the discovery of remote AMPs for high speed device and turns on the radio only when needed for data transfer giving a power optimization benefit as well as aiding in the security of the radios. Bluetooth low energy technology, optimizd for devices requiring maximum battery life instead of a high data transfer rate, consumes between  ½ and 1/100 the power of classic bluetooth technology. Data rate bluetooth low energy technology provides a speed of 1 Mbps of data transmission. For version 1.2 and 2.0 EDR the data rate includes 1Mbps and 3 Mbps respectivley. For version 3.0 HS up to 24 Mbps is supported. Security Aspects: bluetooth technology and associated devices are susceptible to general wireless networking threats, such as DOS attacks, eavesdropping, man-in-the-middle-attacks, message modification, and resource misappropriation. Generally the security are classified into three categories: non-secure: in this type any bluetooth device do not initiate any security measures. Service level enforced security: in this security mode two bluetooth device establish a nonsecure Asynchronous Connection-Less (ACL) link. Link level enforced security: in this mode authentication, authorization and optional enryption are initiated when a request of L2CAP(logical Link Control and Adaptation Protocol )connection-oriented or connectionless channel is made. This security mode is established before the connection is made between the devices. Vulnerabilities: Bluejacking: this is a threat which involves a sending of unsolicited messages or business card to bluetooth enabled devices. For this threat to work the sending and receiving device must be within the range of of 8-10m from each other. This is a method usually used for promotional purposes intent rather than with any malicious intention. This method can be quite annoying due to repetitive messages. Also this method does leave a door open for variety of social engineering attacks. In order to prevent this type of attack the device must be set into non-discoverable mode in unsecured areas. Bluesnarfing: this hacking method is done in bluetooth enabled cellular phones and what this attack does is it copies the entire contact book, calender or anything that is stored in the cellular phones memory. This threat can be minimised by setting the device in non-discoverable mode in an un-secured zone. How-ever many software are available in web which can steal information from blue-tooth enabled devices. the back door attack: this attack starts of after being in connection with bluetooth device; through pairing mechanism and if the owner does not observe their device after connection than they are unlikely to notice anything after the device are paired; allowing attacker to use any resources that a trusted relationship with that device grants access to. This means the attacker can not only retrieve data but also use features such as GPRS WAT, internet, modems etc. without the owner being notified. The cabir worm: it is a malicious software that uses the bluetooth technology to look for available bluetooth devices and send itself to them. This worm currently only effects mobile phone which uses symbian series 60 user interface platform. But this threat can be avoided by the user since the user itself has to manually accept the worm and install in order for this attack to be in effect. GPRS it is a non-voice value added service which allows Mobile Phones to be used for sending and receiving data over and internet protocol(IP) based network. It stands for General Packet Radio Services. It is a packet based radio service which is delivered as a network overlay for GSM, CDMA and TDMA networks which enables à ¢Ã¢â€š ¬Ã…“always onà ¢Ã¢â€š ¬Ã‚  connections. This eliminates the repetitive and time consuming dial up connection. It also reserves radio resources only when there is a certain data to be sent ensuring the maximum utilization of radio resources. This service enables users to use many multimedia application through mobile internet. Along with it it provides user the internet from anywhere and anytime. GPRS handles data in a series of packets which can be routed over several paths through the GSM network. The data is segmented and stored as packets before being transmitted and reassembled at the receiving end. GPRS users get the benefit of instantaneous connection setup and continuous connection to the internet after being logged-in to an APN (Access Point Name) until the user log off and the user only have to pay the data which is actually transmitted. Since this is a wireless technology so and end-to-end connection is not required because network resources and bandwidth are only used when data is actually transferred. This allows efficient use of available radio bandwidth. This reduces the cost compared to circuit switched services since communication channels gets shared and are on a as-packets-are-needed basis. GPRS data speeds ranges from 14.4 kbit/s (using one radio time-slot) to 115kbit/s (by amalgamating time slots). The average data transfer speed is at about 56 kbit/s. The improvement in the data rate allows users to take part in video conference and interact with various websites and similar application using mobile handheld devices as well as from notebook computers. GPRS is based on GSM communication and will complement existing services like SMS. It also complement blue-tooth. Advantages of GPRS: Operators offer new and improved data services to residential and business markets. Uplift the revenues from data services. Opportunity to increase the number of network users. Provides an upgrade path and baseline for UMTS End Users: high speed internet cost effective since charge is carried out only when data is transmitted and not for the duration of connection constant connectivity simultaneous use of voice and data communication Applications of GPRS include: Chat web browsing internet email file transfer file sharing Security: Security threat depend the type of traffic and data service for specific threat. The Gp interface is the logical connection between PLMNs that is used to support roaming data users. The following traffic falls under Gp : GTP : this provides a logical connection between the SGSN and GGSN of roaming partners. BGP : this provides the routing information between the operator and the GRX and/or roaming partners DNS: provides resolution for subscribers Access Point Name (APN) THREAT ON Gp includes Availability Border Gateway Bandwidth saturation : in this type of threat a malicious operator connects to the same GRX which may have the ability to generate a sufficient amount of traffic which gets directed at users border gateway such that required traffice is starved for bandwidth in or out of user PLMN. Finally denying roaming acess to and from the network. DNS flooding: in this threat the DNS server gets flooded with correct or malformed DNS queries denying subscribers to locate GGSN to use an external gateway. GTP flooding: in this threat SGSNs and GGSNs may be flooded with GTP traffic that cause them to spend their CPU cycles processing illegitimate data preventing subscribers to roam or send data out to an external network Authentication and Authorization Spoofed create PDP context Request: Spoofed update PDP context request Integrity and Confidentiality Capturing a subscribers data session WAP WAP stands for Wireless Application Protocol. It is an application environment and a set of communication protocol for witless devices which is designed to allow manufacturer, vendor and technology independent access to the internet and advanced telephony services. Basically it serves as a bridge between the mobile world and the internet as well as intranets offering the ability to deliver an unlimited range of mobile value added services to the users regardless of their network, bearer and terminal. This also enables subscriber to access the same amount of information from a pocket sized devices as they can from the desktop. The WAP specification defines a set of protocols in layers like application , session, transaction, security, and transport enabling operators and manufactures to meet the challenges in advanced wireless service differentiation and fast/flexible service creation. WAP utilizes binary transmission for greater compression of data and is optimized for long latency and low bandwidth. The light weight WAP protocol block is designed to minimize the required bandwidth and maximize the number of wireless network types that can deliver WAP content. Since WAP is based on a scalable layered architecture, each layer can develop independently of the others making it possible to introduce new bearers or to use new transport protocols without having to make any alteration in other layers. Versions of WAP WAP 1.X- WAP 1.0 was introduced way back in April 1998 which described a stack of softwares for internet access through mobile. WAP 1.1 was then introduced a year later after WAP 1.0 in 1999. WAP 1.2 which was the final update of the WAP 1.X series was introduced in June 2000 and the significant update of this was the introduction of WAP push. WAP Push: This version allows WAP content to be pushed to the mobile device with minimum user intervention since this includes a specially encoded message that includes a link to wap address. It can be used over any device which supports WDP like GPRS and SMS. This push version enables users the option to automatically access the WAP content with WAP 1.2 WAP 2.0: This version re-engineered WAP which was introduced in the year 2002 and was a simple version of HTML which is called XHTML. The XHTML helps reduce the bandwidth of internet pages helping user to use the saved bandwidth for other purpose. Benefits: Operators chance to increase the subscriber by improving services such as interface to voice mail and prepaid systems introduction of new application without the need for additional infrastructure or modification to the phone. Enabling the provision of end-to-end turnkey solution which create a lasting competitive advantage. Content Providers; enable content and application developers to grasp eh tag based WML(wireless Markup Language) allowing services to be written and executed within an operators network quickly and easily End Users easy and secured access to relevant internet information and services such as unified messaging and entertainment through their mobile devices. Can access the information from corporate databases. Significant freedom of choice when selecting mobile terminals and application they support allows users to receive and request information in controlled fast and low-cost environment . Applications of WAP: advertising the product directly through the mobile devices allowing the shoppers directly the link to order entry page. Establishment of virtual lan enabling users to play or share information within the grous. Downloading files. Infotainment feature: customer care and provisioning, message notification and call management, email, mapping and location service, weather and traffic alerts, sports and financial services, address book and directory services and corporate intranet application. Security concern over WAP WAP Gateway : this is the most important threat associated with WAP. In this threat WAP devices communicate to web servers through WAP gateway meaning WAP contains unencrypted data for a short period of time which can be highly confidential. In order to avoid this the WAP device must switch to a trusted and secured gateway instead of using the default WAP gateway. Also another solution includes upgrading all wap gateways such that they can work in pass-through mode. When WAP gateway works in this mode it just let pass all the encrypted traffic from mobile phone to server without being decrypted and the gateway would be just a relay for the data stream. Weak encryption algorithms: the encryption protocol encrypts data during the handshake phase which has a possibility to choose the 40bit DES encryption method. In this method, a 5 byte key is used containing 5 parity bits leaving only 35 effective key bits in the DES key. This DES key can be easily hacked through brute force potential for virus attacks: wap contains a scripting language(WMLScript) which makes easier for viruses to affect mobile phone. GSM It stands for Global System for Mobile Communication which is a globally accepted standard for digital cellular communication and most globally used mobile phone system . It is an open digital cellular technology which is used to transmit mobile voice and data services. This design was the first digital design to follow the analog period to enhance the security from analog counterparts in mobile communication. This technology supports voice calls and data transfer rate up-to 9.6kbit/s, along with the transmission of SMS. This operates in the 900MHz and 1.8 GHz bands in Europe and 1.9 GHz and 850MHz bands in the US , Australia, Canada and many south American countries. The users can access the same service when traveling abroad through GSM international roaming capability which is done after harmonizing spectrum across most part of the earth. This gives users to connect seamlessly and same number connectivity in more than 218 countries even if they have different network service provi der. Application of GSM includes: accessing the internet with GPRS being enabled.. Used in E-commerce for services like mobile banking, e-ticketing etc. Advantage of Gsm include: the consumer benefits from the ability to roam and switch carriers without replacing phones and SIM and also to network operators. High voice clarity due to the efficient use of radio frequencies which allows the system to tolerate intercell disturbances. The encryption of speech allows user information to be secured. Also pioneered low cost implementation of the short message service known as text messaging. Introduction of worldwide emergency telephone number feature. Introduction of value added feature such as GPRS EDGE. Threat includes the following: there are mainly two motivation for attackers of mobile phone systems which are: Theft Of service: cloning: In this type of attack, the attacker steals the identifying information from a legitimate phone and loads it to another phone allowing attacker to masquerade as the legitimate phone. What this does is it causes charges to be assessed against the account holder of the legitimate phone. Call Decryption: this threat is based on the encryption method of the GSM network. The attacker had found to decrypt a call with greater speed within 30 seconds with just a laptop and specific radio device back in 2007 and 2008. data Interception: in this type of attack the attacker can easily listen to the transmission of the phone using relatively unsophisticated tools in a effort to eavesdrop on the voice and data transmission occurring. To solve this problem encryption of the data in the air should be maintained.

Essay example --

Megan Moore Composition 2 A. Gaffney March 11, 2014 To Dope or Not to Dope: The Answer is No As most New York Yankee fans know, Alex Rodriguez finished the 2013 baseball season with 654 home-runs on his career. 654. He is currently fifth in home-run record books. Sadly for A-Rod fans, there will be no 2014 season. Following a lengthy bout with the MLB, Rodriguez was suspended after testing positive for PEDs--testosterone supplements to be exact. Tied to the, now-closed, Biogenesis clinic, Rodriguez and (at least) a dozen others are in the spotlight for cheating the game they love. Non-baseball fans might recognize the name Lance Armstrong: multi-cancer survivor, cyclist and guilty of cheating his sport as well. These two, among several others, are the posterboys for a dark era in athletics. As most people would agree, steroids and other drugs are a major problem in athletics today, not just for the athletes but for those of us who enjoy a just, fair, clean game. For many, many years, doping has been an integral part of athletic society. Research believes that doping derives roots back in ancient Greek and Roman culture, 776 B.C (Baron)! Granted PEDs back in the day were god-awful mixtures of herbs, drugs, and alcohol, the drugs athletes are taking now are just as bad. Margaret Goodman, a neurologist and the president of the Voluntary Anti-Doping Association (VADA), explains the different side-effects of steroids. As a ringside physician of boxing matches, she’s listened to the boxers talk about performance-enhancing drugs. Fighters using dope described the horrible consequences: heart, kidney, liver, bone, brain and psychiatric ailment (Goodman). Recently, there is a push for the legalization of steroids and various other PE... ...cles and testosterone. Where’s the fun in knowing someone is cheating a sport they love? As more and more athletes come under-fire, the accomplishments of well-to-do athletes are covered up. How many baseball fans knew Johan Santana, a former Minnesota Twin, threw his first no-hitter in 2012? This no-hitter was also the first in the new York Mets team history. Meanwhile, that same season, favorites like Melky Cabrera and Bortolo Colon, among others, were suspended after testing positive for PEDs. Not only are performance-enhancing drugs destroying our athletes’ bodies, they are destroying the sports we enjoy. The athletes we look up to are leaving a negative effect on the children looking up to them. If we allow this practice to continue, or even worse, legalize steroids, we run the risk of hurting our athletes, our students and the good integrity of our sports.

Christopher Columbus Essay -- Christopher Columbus Essays

Christopher Columbus was born in Genoa, Italy in 1451. He was named Christofero Columbo, after the patron saint. His father was Donenico Columbo, a weaver and wool dealer. Columbus had two brothers, Diego and Bartolome. Historians are certain that Columbus was not a noble. Columbus's crew on the first voyage were not a bunch of cutthroats. They were mostly hometown boys' from Andalusia, and nearly all experienced seamen. Of the four voyages of Columbus, only the crew of the first voyage is completely known. Alice Bache Gould spent decades combing various archives in Spain, and eventually came up with the list of the 87 crewmen of the Nià ±a, Pinta, and Santa Maria. In 1465 Columbus started accompanying his father when he went to sea to sell his cloth.   Ã‚  Ã‚  Ã‚  Ã‚  In 1465-1475 Columbus learned how to handle a ship and became aware of the risks of navigation. By 1475, Columbus grew up to be a well-spoken young man. Columbus went on an expedition to the island of Chios in 1475, a Genoese possession in the Aegean Sea. Columbus then stayed there for many months defending from Turkish attack, a business that extracted gum mastic from trees, which was used as a painkiller. French pirates attacked Columbus when he was on a ship carrying a shipment of gum mastic.   Ã‚  Ã‚  Ã‚  Ã‚  In 1476 Columbus moved to Lisbon with his brother, Bartholomew who also was a sailor. Between 1476-1479 Columbus sailed out on various sailing expeditions. In 1479 Columbus ma...

PlayBall Essay -- Sports, Student Athetes

Issue: What degree of care will PlayBall owe participants, and how might PlayBall minimize liability for failing to reach that standard of care under Washington law? Brief Answer: The duty of care PlayBall will owe participants will depend on their status as student athletes, parents, volunteers, or spectators. It will be difficult for PlayBall to limit liability for negligence involving student athletes, who are minors. The liability to adult participants may be reduced if PlayBall obtains waivers releasing PlayBall from liability or if claimant assumes the risk. Statement of Facts: The client is a newly formed, non-profit corporation here in Washington. It is called PlayBall, Inc. It was established to provide high school students, who are either home-schooled or attend small private schools that do not have their own sports teams, with opportunities to play on teams and to compete in state-wide competitions with other high-school teams. It has not started operations yet. The business plan, at this point, is that PlayBall will recruit volunteer coaches and players for three sports -- football, baseball and soccer. The players must be between 13 and 18 years old and must not have access to these team sports at the school they attend, nor be eligible to join a team at another school. Players, or their families, will pay a modest fee to join a team. The fee is designed to offset PlayBall’s administrative costs in organizing teams, sponsoring league competitions, training coaches and providing equipment. PlayBall will not provide transportation. Parents will do that. PlayBall will not be using school property, but will have their games and practices in public parks and facilities. PlayBall will not be joining Washingto... ...ntiff is injured as a result of a risk inherent in the sport, the defendant has no duty and there is no negligence.† Taylor v. Baseball Club of Seattle, 130 P. 3d 835, 838 (Wash. Ct. App. 2006). As long as the risk is reasonably foreseeable, PB should be able to avoid a duty of care to spectators. Conclusion PB should use a combination of techniques to manage risks including waivers that warn of potential risks, parental indemnity clauses, and proper training for volunteers to ensure they meet the standard of care and shift risk where possible. These are generally cost-free methods that can reduce litigation costs by waiving the rights of one party to another for negligence claims. However, because waivers cannot bar a minor’s claim, and there is always a chance of human error, it is crucial that PB purchase insurance to cover the costs of potential liability. PlayBall Essay -- Sports, Student Athetes Issue: What degree of care will PlayBall owe participants, and how might PlayBall minimize liability for failing to reach that standard of care under Washington law? Brief Answer: The duty of care PlayBall will owe participants will depend on their status as student athletes, parents, volunteers, or spectators. It will be difficult for PlayBall to limit liability for negligence involving student athletes, who are minors. The liability to adult participants may be reduced if PlayBall obtains waivers releasing PlayBall from liability or if claimant assumes the risk. Statement of Facts: The client is a newly formed, non-profit corporation here in Washington. It is called PlayBall, Inc. It was established to provide high school students, who are either home-schooled or attend small private schools that do not have their own sports teams, with opportunities to play on teams and to compete in state-wide competitions with other high-school teams. It has not started operations yet. The business plan, at this point, is that PlayBall will recruit volunteer coaches and players for three sports -- football, baseball and soccer. The players must be between 13 and 18 years old and must not have access to these team sports at the school they attend, nor be eligible to join a team at another school. Players, or their families, will pay a modest fee to join a team. The fee is designed to offset PlayBall’s administrative costs in organizing teams, sponsoring league competitions, training coaches and providing equipment. PlayBall will not provide transportation. Parents will do that. PlayBall will not be using school property, but will have their games and practices in public parks and facilities. PlayBall will not be joining Washingto... ...ntiff is injured as a result of a risk inherent in the sport, the defendant has no duty and there is no negligence.† Taylor v. Baseball Club of Seattle, 130 P. 3d 835, 838 (Wash. Ct. App. 2006). As long as the risk is reasonably foreseeable, PB should be able to avoid a duty of care to spectators. Conclusion PB should use a combination of techniques to manage risks including waivers that warn of potential risks, parental indemnity clauses, and proper training for volunteers to ensure they meet the standard of care and shift risk where possible. These are generally cost-free methods that can reduce litigation costs by waiving the rights of one party to another for negligence claims. However, because waivers cannot bar a minor’s claim, and there is always a chance of human error, it is crucial that PB purchase insurance to cover the costs of potential liability.

Internship Report on Vip Group of Industries

Internship Report On VIP Group of Industries Internship Report submitted to the Faculty of Management & Administrative Sciences in Partial Fulfillment of the Requirement for the Degree of Masters of Business Administration Submitted By: Raheeb Anjum 11022720-080 Masters of Business Administration (3. 5 year) 2011-2015 UNIVERSITY OF GUJRAT Date of Submission Name of Program coordinator: Signature of Program coordinator: Acknowledgement â€Å"In the name of Allah, the most beneficent and merciful† I would like to thank Almighty Allah who made me able to complete this internship report by utilizing my skills and knowledge.I am also thankful for giving me spirit of patience, consistency and courage during my internship. I am very obliged to my affectionate parents who taught me the first word of speak and supported me morally and financially throughout my studies and also helps me to complete my internship. I am also grateful to the University of Gujrat that provided me a chance t o explore my skills, qualities, abilities and potentials through internship program. I am also thankful to my teachers for giving me chance to show the best of my abilities during the period of my internship.At VIP Group of Industries Limited , I would like to thank Mr. Abdul Sattar (Manager HR) who provided me full opportunity to start internship and accumulate first hand comprehensive information’ during my internship. I am also pleased to different persons like Mr. Muhammad Omer (Assistant Manager HR), Mr. Rizwan Mir (Marketing Manager), Mr. Muhammad Shahid (Production Manager) and Mr. Muhammad Wahab (Attendance Maintainer) who provided ever information I needed during the course of my internship. Table of ContentParticulars Part I Executive Summary Introduction Purpose, Scope and Aim of study Brief History Nature of Organization Business Volume, Rewards and success stories for last 5 year Product Line PESTL Analysis Contribution of Organization toward Economic Development Organizational Hierarchy Chart Number of Employees Main Offices Introduction of all Departments Comments on the Organizational Structure Part II Brief Introduction of Office Detail of Supervisors Weekly Timetable Detail Description of Departments Detail Description of Tasks assigned Summary of Learning Conclusions SWOT analysis Recommendations References 25 26 27 30 44 47 50 51 55 57 1 2 3 5 6 7 11 13 14 16 17 17 17 24 Page # Executive Summary VIP Group of IndustriesInternship was my first step in practical life, through which I learnt a lot and it has aided me in being well equipped with valuable experience that would help me once I enter the professional life after the completion of my studies. During the month of July, August and September 2012, I worked in VIP group of industries as an internee. My association with this company was being a part of the Human Resource Department. It was a great experience for me and it helped me in realizing where my potential lies. What I learnt at VIP Group of Industries over the weeks was how to get along with the people that I have to work with them, building relationships with people, building confidence and improving my communication skills. I also get the knowledge of Marketing and Finance department along the Human Resource.Experience has taught me responsibility, teamwork and how to handle people in tough social situations. Even though the nature of work was quite basic as an internee, nevertheless I got to see what practical life is. This internship overall has been a great experience. This report gives a profile of VIP group of industries and an insight into the HR Department where I was assigned to work. All the functions and operations of HR department are defined in the report including; recruitment & training & development, compensation & benefit etc. selection, This report also reflects my learning and experiences at VIP group of industry along with my responsibilities and the tasks that I performed.During t he internship it found that Human Resource Department is an important department in an organization which helps to increase productivity, performance of employees, to overcome the problem of fraud, to hire competent persons for the job performance according to their skills, knowledge and experience. Raheeb Anjum (11022720-080) Page 1 FMAS Last part of the report consists of some recommendations and suggestions that I have given. My proposal would be of great use to VIP Group of Industries and if followed properly, it can increase the performance of employees and finally the VIP Group of Industries performance of the organization itself. Part-I 1. Introduction The name â€Å"VIP† emerged on the prospect of Pakistan soon after its inception in the year 1984.The start was modest with limited space to work and meager resources to cater, but devotion and dedication blended along untiring honest efforts soon flourished to bear the fruits. An honest approach in dealing, with custome rs, vendors and related agencies, took the group a step ahead and is a vital contributing to its success today. VIP Group of Companies is one of the esteemed manufacturers and private accredited exporter of Fashion wear, Motor bike wears in Pakistan having assets of worth more than PKR 1. 5 billion. The total area of the subjected premises consists of 112 Kanals. VIP Group of Industries captures a wide market and its products are appreciably accepted throughout the Pakistan most popularLeather Jackets and Leather Shoes are its major products, contributing towards the national economy, export figures range from 20 to 25 billion US dollars annually. It specializes in producing high class Leather product made of superior quality materials and possesses state production facilities in made ups and products for various consumer needs. The company makes use of the latest technical Raheeb Anjum (11022720-080) Page 2 FMAS equipment to make sure that each product is original in style and show s exquisite craftsmanship. This is an industry believes in originality as character and quality as foundation. The entrepreneurial spirit of the company seeks constant development, steady progress and outstanding performance. 1. Purpose of Study This report is based on study carried out for the fulfillment of the degree requirement of the Master in business administration (MBA) at the University of Gujrat (UOG). The purpose of the study is to do practical work in field and apply the knowledge of classroom lectures to the real life situations. 1. 2 Scope of Study The scope of my work is focused on the working of Personnel and Human Resource Department. Review Section of this report not only explains department’s working but also flow of work activities among the sections. During the internship, the observation was focused on internal managerial matters of VIP Group of Industries, i. e. work environment, organization structure, decisionmaking process, promotion criteria and all such matters. This research facilitates in SWOT Analysis. 1. Aim and Objectives The aims and objectives of VIP Training Institution (VTI) are to identify the training needs of the industry, offer practical training programme to professional of the wear industry, and provide training advice and guidance to VIP Group of Industries and to help established standards for training which will meet the performance needs in the field and on the job. VTI is dedicated to: Establish courses and in-house training programmes which will meet the specific needs of VIP Group of Industries. VIP Group of Industries Raheeb Anjum (11022720-080) Page 3 FMAS Design training material that recognizes the capabilities and specific needs of newly hired employees and those who change their job assignment. Provide refresh and upgrade training for industry personnel in cost effective manner.In-house basic training programmes are being designed and developed to provide a base level of training which employees re quire to function in their jobs. VIP Group of Industries recruits men from all across Pakistan. The universities and technical schools do not provide the full range of subject matter necessary for a graduate entering the petroleum industry. It is VTI’s intention to ensure that the individual has an opportunity to obtain this training within his first two years with VIP. In addition to basic training courses, VTI will Organizes in-house technology update seminars. 1. 4 Limitations No matter how efficiently a study is conducted, it cannot be perfect in all respects.This study was conducted in accordance with the objectives of the study; the study may not include broad explanations of facts and figures due to the nature of the study. Second limitation, which affects the study, is the availability of required data was problem all the documents and files are kept strictly under lock and key due to their confidential nature. Third is the problem of short time period also makes the analysis restricted as one cannot properly understand and thus analyze all the operations of an organization just in six weeks. VIP Group of Industries Raheeb Anjum (11022720-080) Page 4 FMAS 2 Overview of the organization 2. 1Brief History 2. 1. 1 EstablishmentVIP Group of Industries The name of VIP Group of Industries emerged on the horizon of Pakistan’s Leather industry in 1984, A modest limited financial and other resources available, soon flourished to bear full owing to the determination and dedication of its workers, An honest approach in dealing, with customers, vendors and related agencies, took the group a step ahead and is a vital contributing to its’ success today. At the moment VIP Group of Industries is the leading industrial group of Pakistan, owing assets more than PKR 1. 5 billion. The VIP Group of Industries deals in Textile, Leather wear, Fashion wear, Motor Bike wear and Gloves. 2. 1. 2 DevelopmentWith a balanced, efficient and competitive structure , VIP Group of Industries explores and exploits indigenous resources for optimum production of Leather and Fashion wear, besides seeking opportunities abroad. Services of the Company’s highly qualified and skilled expertise in the fields of Leather and Fashion wear are frequently availed by the local and foreign companies. During the last 20 years VIP Group of Industries has grown into a technically and commercially viable organization. 2. 1. 3 Name of Chief Executive Officer (C. E. O) Mr. Imtiaz-ud-Din Dar (Managing Director) Raheeb Anjum (11022720-080) Page 5 FMAS 2. 1. 4 Names of Directors VIP Group of Industries Mr. Usman Dar Mr. Umer Dar Mr. Amir Dar Mr. Imran Dar 2. 2. Nature of the organizationVIP Group of Industries leather wears fashion wear and textile as well with tender care and dyed in the brilliant shades of nature adds elegance and magnificence to this world. VIP Group of Industries is a manufacturer of such fabulous products: products that speaks of unparallel ed quality and unmatched comfort. VIP Group of Industries specializes in producing high class Leather and fashion wear product made of superior quality materials and possesses state production facilities in made ups and products for various consumer needs. The company makes use of the latest technical equipment to make sure that each product is original in style and shows exquisite craftsmanship.VIP Group of Industries is a company believes in originality as character and quality as foundation too. The entrepreneurial spirit of the company seeks constant development, steady progress and outstanding performance. Raheeb Anjum (11022720-080) Page 6 FMAS 2. 3. Business Volume, reward honors & success stories etc. during last 5 years VIP Group of Industries VIP Group of Industries is using the modern technology for improving its ability to discover the Leather and Fashion wears potential in the country. A number of major institutional reforms and improvements have been implemented in all areas of operations enabling the company to take up the challenge of making the organization much efficient.VIP Group of Industries financial performance has been consistently improving with sustainable growth since the time it became a self-financing Company. Its business volume for the last five years has shown a steady growth as indicated in the schedules given on next page: Raheeb Anjum (11022720-080) Page 7 FMAS Business Volume for last Five Years (Quantities) Product Measurement 2006-07 Scale Fashion Wear Leather Wear Motor Bike Wear Gloves Pairs 83,445 86,670 93,234 Suites 92,004 77,412 93,236 Pieces 161,534 217,927 Suites 120,456 154,870 2007-08 2008-09 VIP Group of Industries 200910 201011 212,900 215,445 224,876 245,537 274,006 277,408 90,314 101,322 91,889 92,917 Textile Bundles 11,038 11,998 10,989 10,859 11,890 Raheeb Anjum (11022720-080)Page 8 FMAS VIP Group of Industries Business Volume for last Five Years (US $) Product Measurement 2006-07 Scale Fashion Wear Leather Wear Motor Bike Wear Gloves Pairs 62,58,375 Suites Pieces Suites 60,22,800 2007-08 2008-09 2009-10 2010-11 80,53,240 117,09,500 118,49,475 128,17,932 323,06,800 435,85,400 491,07,400 548,01,200 554,81,600 276,01,200 232,23,600 279,70,800 270,94,200 303,96,600 65,86,920 70,85,784 71,67,342 72,47,526 Textile Bundles 44,15,200 47,99,200 46,15,380 46,15,075 50,53,250 Raheeb Anjum (11022720-080) Page 9 FMAS The Net sales & other revenues for the last five years are as under: VIP Group of Industries (In million US $)YEARS Net Sales Revenue 2006-07 2007-08 2008-09 2009-10 2010-11 76. 65 85. 05 100. 4 105. 6 111 2. 3. 1. Reward honors & success stories during last 5 year ? 2007 VIP Group of Industries achieved large growth in profits and business in 2007. This industry showed a marked growth in assets and equity by 8. 4% and 11% respectively. ? 2008 VIP Group of Industries achieved a substantial increase of 84% in its net operating income and 45% in its net income similarly total assets in creased by 10. 5%. ? 2009 VIP Group of Industries won the third prize of best exporter in Sialkot and awarded by Chamber of Commerce & Industry Sialkot (CCIS). Raheeb Anjum (11022720-080)Page 10 FMAS ? 2010 VIP Group of Industries VIP Group of Industries won the first prize for its commitment to the best international standards in the area of corporate governance in the industrial sector and its effective contribution to the development. ? 2011 VIP Group of Industries won the second prize of best exporter in Sialkot and awarded by Chamber of Commerce & Industry Sialkot (CCIS). 2. 4. Product Line In the product line of VIP Group of Industries, the following are its products by which it is earning profits: 2. 4. 1 Leather Jackets Leather jackets of the organization are very fine quality which is demanded all over the world immensely.Its demand is greater in Europe and America. 2. 4. 2 Leather Glove Leather gloves are average used but these are very useful to many sectors such as Garde ning, Strong electric wires cutting, weight lifting etc. It helps to keep safe hands skin which is badly harmed by using these instruments in these fields without using gloves. Raheeb Anjum (11022720-080) Page 11 FMAS 2. 4. 3 Rexene Gloves VIP Group of Industries Rexene gloves are the highly used in nowadays. It used for the bike driving, to keep hands warm in winter and also for fashion use. Rexene gloves are less costly hence its demand is greater. 2. 4. 4 Track Suites Track Suites are widely used in the world.People use it for their teams to demonstrate themselves from other, also use for jogging and some people consider it as night dress. 2. 4. 5 Motor Bike Dresses Motor bike dresses are used for the purpose of racing which held in foreign countries. These dresses protect the driver/racer from injury which sometimes occurs due to accidents. 2. 4. 6 Leather Shoes Leather shoes are very important accessory in some industries. These are widely used in chemical industry because it h elps to keep feet safe from any accident or disaster. 2. 4. 7 Casual Shoes Casual shoes are also known as fashion shoes. Today’s youth is too much interested in these shoes.These shoes are produce to fulfill the demand of youth. Raheeb Anjum (11022720-080) Page 12 FMAS 2. 4. 8 Fashion Wears VIP Group of Industries It is the world of fashion. Everyone wants to look stylish and try to demonstrate himself from others. For this purpose fashion wears are produced and its demand is very high. 2. 5. PESTL Analysis 2. 5. 1 Political Environment: Government encourages a sound exporting industry because it would help to generate profit not only for the industry but also for the country. But unfortunately the inconsistency in govt. policies due to instable govt. is causing many problems in industries rules which can change after intervals. 2. 5. Economic Environment: Economically the VIP Group of Industries is contributing in the shape of providing employment to thousands of people in t he country and has become the source of earning for many families. Pakistan has gained too much aid due to different crises that is quite favorable if it is being used in creating for developmental projects but the profit rate is not according to needs. This industry can now better contribute in the profit generation for the country as well by exporting. 2. 5. 3 Social Environment: The social environment is always favorable as industry does not have any side effects on the society and most people have good faith in the industry and think that their valuables would be better saved.Raheeb Anjum (11022720-080) Page 13 FMAS 2. 5. 4 Technological Environment: VIP Group of Industries The technological environment is quite favorable for the industry as it provides new and efficient machinery that helps a lot in making the process fast and reduces the chance of error. The progress in the computer industry is favorable for the organization as nowadays most of the working is on computers whic h are getting promoted so it is very favorable. 2. 5. 5 Legal Environment: The legal environment is also favorable for the Organization. It is according to the principles of law and is quite favorable for the employees, customers and owners as well.This industry is registered as VIP Group of Industries. 2. 6. Contribution development of organization toward economic VIP Group of Industries is an organization which all policies, products and services are being operated on the basis of ISO 9001, ISO 9002, OHSAS 18000, SA 14000, SEDEX. This is very beneficial for the society and for the economic development. In all over the world exporting is a very sensitive business. It plays a very important role in the economy of the country and it plays a significant role in the world of globalization and economy. It facilitates and influences economic activities including resource mobilization, poverty reduction, and production of products.So by keeping these all factors in mind VIP Group of Indus tries is playing a very important role in the economy by providing the best commodities, products which are accepted by people and its customers are very satisfied that they are using or consuming best quality of the product. This organization is providing jobs to lot of people, it is best utilizing its resources in order to generate profits on fair basis and it has a clear and crystal audit system that assures its commitment to ISO 9001, ISO 9002, OHSAS 18000, SA 14000, SEDEX. This Raheeb Anjum (11022720-080) Page 14 FMAS Organization also provides training facility that is contributing a lot in rising up the standards of living for even middle class people. It also provides loan to its employees without any mark up or interest. It also works for the benefits of its employees by making pensions, medical facility etc.When the size of organization increases, employment increases and it has a positive effect on labor class, money goes to the homes of people and consumption increases. VIP Group of Industries Raheeb Anjum (11022720-080) Page 15 FMAS 3. Organizational Structure 3. 1 Organizational VIP Group of Industries Hierarchy Chart Chairman Directors Company Secretary Chief Staff Officer G. M Admin Manager Admin Corporate HR Manager (Finance/ Accounts) Marketing General Managers Assistant Managers Information Technology General Managers Managers Production & Procurement General Managers Managers General Managers Managers Manager HR Asst. Manager HR Performance Evaluator Salaries Maintainer Attendance Maintainer Chief Account Officers Area Sales Manager Sales PromotersChief Engineers Principle Engineers Senior Engineers Junior Engineers Senior Supervisors Supervisors Senior Account Officers Account Officers Finance/ Account Sections Corporate Staff Raheeb Anjum (11022720-080) Page 16 FMAS 3. 2. Number of Employees VIP Group of Industries VIP Group of Industries in Pakistan was having 3 factories but now it has established one more so the number of total factori es in Pakistan has increased from 3 to 4. It has a huge number of employees now. According to my information that I could get this organization have now almost 4,500 employees. This number was not that big before establishing new factory. 3. 3. Main Offices Head Office, Rahim Pur Khichian, Saydpur Road Sialkot. Pakistan ? Zonal Office, Plot No. 384, Sector 7/A, Industrial Area, Karachi, Pakistan ? Capital Road, Ghorey wali Khangah, Sialkot, Pakistan ? New York Office, 82-96 Country Pointe Circle, NY-11427, USA Beside of these above it also have some sub units in Sialkot and premises of Sialkot. 3. 4. Introduction of all departments VIP Group of Industries have 8 main departments which include Admin, HR department, Marketing department, Account & Finance department, Information Technology department, Production department, Export & Import department, Security department. Sample merchandising, leather rocurement, leather cutting, lining cutting, leather matching, screen printing, fusi ng, gloves unit, touching, alteration, spray, finishing, packing etc. are the sub departments of production department. Raheeb Anjum (11022720-080) Page 17 FMAS 3. 4. 1. Admin Department VIP Group of Industries Admin department deals with the top management decision making of the organization. They make organizational strategies and structure of organization and implement these strategies within the organization. 3. 4. 2. Human Resource Department Human Resource Department relates with the recruiting, selecting of employees and give them training for enhancing their performances.It also conducts Internal Audit to evaluating the organization’s activities with the help of International Standards. Human Resource department also maintain the attendance & salaries of the employees and also evaluating their performances. 3. 4. 2. 1. Maintenance of personnel files As we have mentioned above that every section is related to the concerned department. So whenever any new employees recr uit VIP group of industries, the concerned section maintained this personnel record from the first day. All employees have their own personal file in personnel department. 3. 4. 2. 2. Correspondence The personnel department also maintained the record of each employee for promotion, the minimum time for promotion is five years.So at the end of every year they check the record of each employee, his ACR (Annual Confidential Report), experience qualification etc. Similarly if any employee want to leave more than 48 days which are Official than concerned department will approval them and send to the personnel section. In short any type of personal problem or work will maintain in his personal files with personnel department. It’s called correspondence. Raheeb Anjum (11022720-080) Page 18 FMAS 3. 4. 3. Accounts & Finance Department VIP Group of Industries This department deals with different financial issues of the organization. It is one of the important department that keeps the financial record of the organization and provides information regarding the current position of the organization.It provides information related to daily transactions, tells about the financial inflows and that how much have financial outflows in the organization and vice versa. 3. 4. 4. Marketing Department Marketing department deals with the expansion of market and also with the products. This department is cause to increase the sales level of the organization. Marketing department deals with the capture of the market by using the marketing strategies and techniques. 3. 4. 5. Export & Import Department Export and Import department is important department of the organization. it deals with the products which cab be exported or imported. It also helps to reducing cost of the product and increasing the quality as well.This department plays an important role to increasing the sales as well. 3. 4. 6. Information Computer Technology Information technology department plays significant ro le in organization. All the software which are used to making transactions, data entry etc. are invented by the software engineers. All of the difficulties which occur day by day with the changing of technology can be tackle by the Information technology department. 3. 4. 7. Procurement Department Procurement department is the substitute name of purchase department. It deals with the purchases of the organization. Store rooms give requisition to Raheeb Anjum (11022720-080) Page 19 FMAS rocurement department and then this department make purchases according to need of the organization. 3. 4. 8. Leather Procurement Department Leather procurement department deals with the purchases of leather which are required to use. This department is much effective and efficient regard to the purchasing of leather at lower prices but having good quality. 3. 4. 9. Sample Merchandising Department Sample merchandising department refer to the sample product which is used to attract the customer or to a ttain the shipment order. It is not considered as finished product, it sends to next department to make it finished product after completion. 3. 4. 10. Sample Production RoomVIP Group of Industries Sample production room is the next department of the sample merchandising department because this room makes the product as finished product. Without this department the samples could not be completed. 3. 4. 11. Production Planning & Control (PPC) Production planning & control department deals with the production planning that which products should be produced. These planning of production derived from the marketing department. 3. 4. 12. Production Merchandising Department Production merchandising department deals with the semi-finished products. It might be said that it deals with the raw material which is used for production.It may be called as store rooms. Raheeb Anjum (11022720-080) Page 20 FMAS 3. 4. 13. Production Department VIP Group of Industries Production department relates with the production on the product to make it finished product. This is next department of the Production merchandising department. 3. 4. 14. Pattern Department Pattern department deals with the patterns of the products. Patterns are the board/card cutting for the product which is used to cutting of the product to reducing the wastages and making best measurement of product. 3. 4. 15. Leather Cutting Department Leather cutting department relates with the cutting of the leather to making leather products.It takes patterns of the leather product and then used them for the cutting of the leather. 3. 4. 16. Lining Cutting Lining is used inner side or the leather product such as Leather Jackets, Gloves etc. It uses the fabric of sensitive nature for this purpose. It requires special care for the cutting of lining. 3. 4. 17. Screen Printing Department Screen printing department refers to the making designs on the product such as logo, picture, signs, slogans etc. for this purpose some screen patterns required and these patterns are made by this department itself. Raheeb Anjum (11022720-080) Page 21 FMAS 3. 4. 18. Fusing Department VIP Group of IndustriesFusing Department refers to the sticking the buckram in the products to keep it strong. These buckrams increase the reliability of the product. 3. 4. 19. Gloves Unit Gloves unit is another department relates with the production. In this department all kind of gloves can manufacture. It manufactures leather gloves, Rexene Gloves, Wool Gloves etc. 3. 4. 20. Spray Department Spray department is used to giving the different colors to the products to making it attractive with the colors which are good. Mostly spray department is used for to coloring of raw material. 3. 4. 21. Touching Department Touching department deals with the correction of defects.When leather jackets, gloves etc are defected by minor holes then touching department fill them with the glue and then spray on it by relevant color. 3. 4. 22. Over lock Departm ent Over lock department is used to making stitching of the products possible and effective. With the usage of over lock the stitches can be open or ruined after the using of product. Raheeb Anjum (11022720-080) Page 22 FMAS 3. 4. 23. Finishing Department VIP Group of Industries Finishing department makes the production at its possible level to reach at using stage. Without finishing department the product cannot be completed. This department makes the product possible using for end user. 3. 4. 24. Quality Control Department (QC)When the products get completed then these are checked by Quality Control Department. This department makes sure that the products which are produced are of good quality or not. 3. 4. 25. Packing Department When the production gets completed and processed by QC department then it forward for packing. Packing department is used to make sure that the product is fully completed and in form of to sell or proceed. 3. 4. 26. Transport Department Transport departme nt deals with the daily transport vehicles. They keep the records of transports, how much they require, how much are in use, which driver uses which vehicle etc. 3. 4. 27. Security DepartmentVIP Group of industries has its own security department and all the security guard which they have are their own employees. Duo to having the assets of billions it has danger of any disaster so for this sake it has its own Security System and CCTV cameras. Raheeb Anjum (11022720-080) Page 23 FMAS 3. 5. Comments on Organizational Structure VIP Group of Industries An organizational structure includes the activities such as the allocation of the task, coordination and supervision that are directed towards achieving the aims and goals of the organization. Basically it includes the objectives on which the organization works and the methods or strategies to achieve these objectives and also the style of working.It is considered beneficial for both the employees and the customers as well. In this persp ective VIP Group on industries is having clear and defined objectives and it has recruited its staff on the basis of merit and capabilities. It has allocated different responsibilities on the basis of talent, experience and interests of employees. It also provides career opportunities to its employees and besides this it gives them employee benefits in the shape of medical allowances, bonuses, petrol expenses for higher staff and such other facilities to its employees. So the employees are much satisfied and turnover rate of employees is very low in this organization.As far as the satisfaction of the customers is concerned so this organization has provided full rights to its customers to complain in any matter they are having problems. The employees are trained in a manner that is quite satisfactory for the customers and the number of customers in increasing day by day. The internal structure of the organization is on the basis of ISO 9001, ISO 9002, OHSAS 18000, SA 14000 & SEDEX po licies and conditions. This 0rganization is adopting new technology according to current needs in order to efficiently and effectively competes with today’s international market. There is proper check and balance on the operations and activities of the Organization to assure quality.The organizational structure is very favorable for the stakeholders, employees, customers and society as a whole. Raheeb Anjum (11022720-080) Page 24 FMAS Part-II 4. Internee Work 4. 1. Brief introduction of office VIP Group of Industries I have done my six weeks internship in VIP Group of industries near Allied Public School, Saydpur Road, Sialkot. VIP Group on industries is having two factories in Sialkot. It’s having very neat and clean building with the beautiful interior decoration. Mr. Abdul Sattar is the Human Resource Manager recently and he is very intelligent and talented person with high qualification and he has the ability to work under pressure.Beside of this all the staff is v ery corporative and professional. They all are performing duties very efficiently and they achieve their given tasks effectively. As it’s a very huge organization so its number of employees is also large, It has 1700 employees including manager and has twelve office boys and almost thirty guards. I was given a chance to work mostly with Mr. Abdul Sattar who is Human Resource manager. I had also worked with Mr. Muhammad Umar who is the Assistant Manager Human Resource here. Mostly I was worked with these two people but I had also worked with Mr. Muhammad Wahab. All the staff was very inspiring, supportive and gentle to me.They all made me to learn a lot and helped me in utilizing my time effectively and efficiently. I was joined VIP Group of industries on 27 th of July, 2012 and worked there till 12th of September, 2012. It was a great experience of my life and I had learned a lot there under kind supervision of its managers and staff. Raheeb Anjum (11022720-080) Page 25 FMAS 4. 2. Detail of Supervisors VIP Group of Industries ? On 1st week of my internship I was worked under kind supervision of Mr. Abdul Sattar who is Human Resource manager. He made me learn the basics of Human Resource Department and I worked with him two weeks. ? Mr. Muhammad Omar is the Assistant Human Resource Manager. In my 2nd, 3rd and 4th week of internship I worked with Mr.Muhammad Omar and learned things related to Human Resource activities. He has been too much supportive and he told me everything Cleary. ? Mr. Muhammad Shahid is production Manager. In my 3rd and 4th week of internship Mr. Muhammad Shahid guides me to conducting JD and JS. ? Mr. Rizwan Mir is the Marketing Manager. In my 3rd and 4th week of internship Mr. Rizwan Mir guides me to conducting JD and JS. ? Mr. Muhammad Wahab is salaries & Attendance maintainer in VIP Group of Industries. In my 5th and 6th week I worked with him and learned the basics of the salaries and attendance maintaining which are used for th e appraisal. ? Mr. Muhammad Amir Dar is Director. I got information about the history of organization.I also got organizational information from establishment to current situation. ? Mr. Muhammad Imran Dar is Director. I got information about the history of organization. I also got organizational information from establishment to current situation. ? Mr. Muhammad Haseeb is Export Manager. I got information about the exports of the organization and got some information about imports too. Raheeb Anjum (11022720-080) Page 26 FMAS 4. 3. Weekly Timetable Date Week 1st: 27th July to 3rd August VIP Group of Industries Activities Name of Department and Supervisor Human Department (Mr. Abdul Sattar) Resource I learned the introduction of this department and I got an idea of Human Resource department hat what actually it is, including the conduction of interview, Job Job Description, Specification, Overviewing the Internal Audit. Then I was told about the documentation required for each of th e case. I was told for the terms and conditions for applying these all things. Week 2 nd Human Department Resource In this week I have learnt that how to implement all the factors which I had learnt in previous week. 4th August to 10th August (Mr. Muhammad Umar) Week 3rd & 4th 11th August to Human 26th Department Resource Mr. Muhammad Umar sends me to storeroom, procurement department, August (Mr. Muhammad Umar) Raheeb Anjum (11022720-080) Page 27 FMASVIP Group of Industries production department, Marketing department to making Job Descriptions (JD) of their employees and also for making Job Specification (JS) by asking their employees which helps to evaluate their performances. Week 3rd & 4th 11 th Production Department to 26 th In these weeks Mr. August (Mr. Muhammad Shahid) Muhammad Shahid tells me that what are the job responsibilities of the August each employee in this department and also tells about his own responsibilities which are assigned perform Marketing Department (Mr. Rizwan Mir) aware to then me him he to also the about minimum qualifications, experiences etc. of the employees. Mr.Rizwan Mir also tell me about the job responsibilities and the minimum qualifications and experiences of the employees. Raheeb Anjum (11022720-080) Page 28 FMAS Week 5th & 6th 27th August to Human 13th Department Resource In these weeks I have learnt that how to record and how to maintain the records of the Human Resource activities. Mr. Muhammad Wahab also maintains attendance of employees of the VIP Group of Industries September (Mr. Muhammad Wahab) organization which helps to evaluate that which employees are regular and punctuate with their jobs. Raheeb Anjum (11022720-080) Page 29 FMAS 4. 4. Detail Description on Departments 4. 4. 1. Admin Department VIP Group of IndustriesAdmin department deals with the top management decision making of the organization. They make organizational strategies and structure of organization and implement these strategies within the o rganization. Record of company’s assets General Manager Admin and Manager Admin are engaged to make records of the company’s whole assets which are used in current situation and which are not used. They also make records that how many assets purchased and how many sells, and also make record that from where the assets are purchased and to whom the old assets sold. Insurance of assets All the assets of the organization including the window glass, door, chairs etc they are all insured.This insurance is made by the Managers Admin and making sure that in future if any disaster occurs then the organization recover its loss. Organizational strategies Without the help of organizational strategies neither a single organization runs efficiently for a longer period of time. Admin department is also engaged in to making organizational strategies to achieve the long term goals. These organizational strategies also help to other departments to make their own strategies. These all s trategies are dependent on each other but mainly on organizational strategies. Raheeb Anjum (11022720-080) Page 30 FMAS Controlling overall organizational activities VIP Group of IndustriesEvery department is liable to perform or control its own departmental activities. But the Admin department is the only department who oversees the activities of the whole organization including all the departments. Admin department is the top management who leads and controls the whole organization. The other duties of the Admin department are also as under: ? Acceptance of requisites by other departments to fulfill their demands. ? Leading to all departments. ? Following the instructions of the Chairman and Directors. 4. 4. 2. Human Resource Department Human Resource department relates to the recruiting, selecting of employees and give them training for enhancing their performances.It also conducts Internal Audit to evaluating the organization’s activities with the help of International St andards. Human Resource department also maintain the attendance & salaries of the employees and also evaluating their performances. Maintenance of personnel files As it is mentioned before that every section is related to the concerned department so whenever any new employee recruits in VIP group of industries, the concerned section maintained this personnel record from the day of joining. All the employees of organization have their own personal file in personnel department of this organization. Raheeb Anjum (11022720-080) Page 31 FMAS Correspondence VIP Group of IndustriesThe personnel department also preserved the record of each employee for promotion; the minimum time for promotion is three years. Hence at the end of every year they check the record of each employee, his Annual Confidential Report, experience, qualification etc. If any employee want to leave more than 35 days which are Official than concerned department will approve them and send to the personnel section. In sho rt any type of personal problem or work will maintain in his personal files with personnel department is called correspondence. Interviews Personnel department also conducting interviews of the new effective and efficient applicants which are applying for the jobs or which are asking by the relevant department for recruit.Interviews which are conducting most of the cases used structured interviews in which questions are already written on a piece of paper but in some cases unstructured interviews are also conducting. Attendance & Salary Maintenance This department also maintains the attendance of all core employees of the organization. Every employee has his own card which is swapped by them in the machine which is fixed at the entrance of the organization. This machine automatically makes attendance of the relevant employee but on officer of this department make sure that the employee is present and his card swapped by himself. With the help of attendance maintainer officer the sal aries of the employees are also make possible. Internal Audit Raheeb Anjum (11022720-080) Page 32 FMASExternal audit is conducting by Audit Associations which are minimum qualified to CA or ACCA. But beside of these the internal audit is conducted by Human Resource Manager. It helps to attract the investors, creditors, customers, public and all other stakeholders toward the organization. Audit report helps to clarify that the balance sheets and the other factors are appropriate, coorect and well maintained. Recruitment & Selection Recruitment & Selection is the main feature and duty of Human Resource department. Human resource department is engaged in HR planning by which it is determined that how many employees are exists and how much needs more for current and future.When there is shortage of employees then Human resource department make process of recruitment to generate pool of applicants and then select competent employees from that pool. Recruitment types 1. 2. 3. 4. 5. Regula r Contract Basis Trainees – Special Trainees Hiring through Contractor Classified appointment VIP Group of Industries Training & Internship It is not necessarily that an applicant who did well in the recruitment exercise is also best in performing an organization’s functions. New employees need orientation and socialization into the Company’s environment and can also improve some ineffectiveness that new employees might have in relation to their skills. This is the determination of placing them on internships or trainings.Training is also important for labor and members of staff who have been working in the organization for a long time. This is especially in the Raheeb Anjum (11022720-080) Page 33 FMAS increasing of technological advancements, legal changes and fluctuations in service delivery. It is necessary for the company to keep up with industry’s trends otherwise it faces the risk of becoming outdated; especially in the situation of increasing compe tition among the industries. Evaluation VIP group of industries performance of the employees is evaluated on the basis of what the company expected from them. The high level management evaluates performances. Top level management sees how the employee is performing his assigned positions.It is done through observing and comparing the outcomes of the organization with the expected outcomes. The results of evaluation are used in driven of employee inside the organization or outside the organization which refers to promotion and fired of employee. Career planning Career planning is basically career path and career development. Career planning section is under the control of HR manager. It informs the employees of VIP group on industries about their future planning that what they perform their duty and also they prescribed to the employees their operational set up. It informs employees that what they will do after 5 years and 10 years.Performance appraisal Annually performance reviews a re quite critical. Organizations are very busy to find good reasons why they cannot give an hour long meeting once a year to ensure the common needs of the employee and organization are being met or not. Performance review help overseers to feel more honest in their relationship with the subordinates and feel better about themselves in their supervisor roles. Subordinates should assure clear understanding of expectations from them, their VIP Group of Industries Raheeb Anjum (11022720-080) Page 34 FMAS own personal strong point and areas for development and a rational sense of their relationship with overseers.Avoiding performance issues eventually reduces morale, reduce credibility of management, decreases the organizations overall effectiveness & efficiency and wastes more of management’s time to do what isn’t being done properly. The system of employee score performance also having a useful influence on effective performance appraisals in organization. The reliabilit y and accuracy of any scoring system rises with full detail and best skills with examples for each score band. This provides everyone the same scientific points and reduces subjectivity. Performance appraisal process The process of performance appraisal usually consists of four related steps which are as follows: ? Establish a common understanding between the evaluator and employee regarding work expectations, mainly the work to be completed and how the work is to be evaluated. Current evaluation of performance and the progress over work expectation provisions should be made for the regular feedback to clarify and change the goals and expectations, to rectifying unacceptable performance before it becomes too late, and to reward for excellent performance with proper praise and recognition in organization. ? Formal records of performance through the accomplishment of a performance and development appraisal form useful to the job. ? The formal performance and development appraisal deba te, based on the accomplished appraisal form and finishing in the building of a development plan. VIP Group of Industries Raheeb Anjum (11022720-080) Page 35 FMAS Handling of Personnel Matters VIP Group of IndustriesHR department also deals with the complaints of the combats arising from the working conditions or from the decision made by the lower level managers and supervisors. Normally grievances arise when a worker feels that he has been neglected for promotion, is not getting a fair share of overtime or is being asked to work too much overtime. Such problems are first of presented to direct supervisor of the employee, if he is unable to resolve, then the problem goes to manager of that department and if even then the issue is not settled, then it is presented to human resource manager, who discuss the problem with director and tries to reach to solution of problem.Improvement of organizational culture The HR department can try to improve organizational culture by discover out w hat makes ups or what the company’s culture is seem. Human Resource should also be very concentrated on the organizational requirements. Here HR should recognize that personal fulfillment works better and hence should try to ensure that the change is relevant to every staff member. HR also explains to staff members and the stakeholders of the organization the advantages of converting the culture. With the help of this everyone should be clear so that all can see the advantages of this not only to organizational level but also to individual level then HR should try to remove all embarrassments in staff member’s minds.Employee Old Age Benefit Investment (EOBI) Human resource department is also maintains the records of the employee old age benefits which helps them to get the benefits after the retirement of them. In simple words it might said that it maintains the pension of the employees which are provided them or their families. Raheeb Anjum (11022720-080) Page 36 FMAS Social Security VIP Group of Industries Social security used to provide medical facilities to the employees and their families as well. Labor force sometime cannot afford the medical expenses of their families then this social security helps them to cure themselves and their families from the diseases.Accommodation Accommodation is also provided to employees of the organization but not to every employee. This accommodation is mostly provides to managers. To whom the accommodation is provided to motivate him toward his job is the duty of the human resource department. 4. 4. 3. Account & Finance Department Details of Accounts: This department deals with multiple financial issues of the organization. It is one of the important departments that keeps the financial record of the organization and provides information regarding the current position of the company. It provides information related to daily transactions, tells about cash inflows and outflows that how much have come in the or ganization and how much goes and vice versa.The accountant is responsible for the following duties on daily basis: ? First of all Voucher Checking with the validation listing printout is being done. That printout is being kept in the file and record is saved in files. In case of any confusion concerning the transactions that print helps a lot and provides valid information to evaluate. These Vouchers are also checked by the Finance Manager for the supervision purpose. Raheeb Anjum (11022720-080) Page 37 FMAS ? Ensuring the reliability of input data is also necessary and then it is approved by authority limits this is verifies by checking the system generated validation against vouchers, to check that all the transactions are input in the correct codes. After completion of input vouchers and by putting them in its register, the accountant is supposed to make it checked by the Finance Manager and get those vouchers signed by manager for the purpose of confirmation as if there is any m istake that could be sort out. Then by the final checking the register of vouchers is kept in evidence cabinet for safe custody. ? It is also the responsibility of the accountant to ensure that total count of voucher is matched with the posted voucher authentication listing. ? All the information is also saved on hard disk as well as on CD for monthly back up. And on CD and hard disk there is written monthly transactions. ? One of the most important tasks is to settlement of cash balances and non-cash balances as per proof with the balances as per trial balance.After intervals the organizational statement is matched with the bank statement and then it make sure that all the money which transferred to bank is correctly recorded. There are two main tables that are made on settlement form. In the first table, â€Å"we debit they don’t credit† is written and in this table we write the transactions with the date, receipt number, name and amount of those transactions that ar e being debited from our side but bank has not credited. In 2nd table â€Å"we credit they don’t debited† transactions are being written in form. Here those transactions are being written that are credited by our side but bank has not debited it.In these tables accountants match the transactions by the help of our and bank’s statements and clear the transactions that have been done by both sides and VIP Group of Industries Raheeb Anjum (11022720-080) Page 38 FMAS entre those transactions that are to be done by any of the one. If the transactions are not noticed for more than 2 or 3 days then they personally contact each other and ask them to make the transaction rectifying and clear. Financial forecasting Finance managers are responsible to forecast that how much finance is required in future prospect. They also guide the procurement department that from where they make purchases to reducing cost and increasing good quality.Finance managers also work to minimizi ng the cost and on the contrary maximizing the profit of the organization. VIP Group of Industries 4. 4. 4. Marketing Department Marketing department is engaged in to increase the sales of the organizational product all over the world. VIP group of companies have 4 marketing managers according to the different products. They classified according to the regions and the products in which they are specialized. Marketing Mix By marketing mix of an organization it means, what company offers to the customers and potential customers i. e. company's products, what price it charges for the product. How the product reaches to customers and how company promotes its product.One can simply understand that all this depends upon the product, company is offering and nature of the organization itself. Making Marketing strategies Marketing managers are engaged to make marketing strategies. These strategies helps to the marketing department that which products should Raheeb Anjum (11022720-080) Page 3 9 FMAS produce, how to produce, how to compete with rivals, for how much longer period of time these should be applicable, how to sell etc. Product Efficiency Marketing department is busy to increase the efficiency of the product which should be highly demanded by the customers to fulfill their desires. Due to the high competition it’s hard to differentiate the product with competitors, but the marketing managers of VIP group of industries are ery skilled and efficient that they differentiate their product effectively. Product Extension Marketing department is also engaged in to make product extension. Because of the dynamic environment the demands of the customers change day by day hence it is necessary to make extension in the product which is used to fulfilling the demands of the customers. Marketing Forecasting It is also the duty of the marketing managers to forecast the future demands of the existing and potential customers and also the products which are useful to cust omer and organization too. Forecasting helps to increasing the business, profit and also capturing the marketing in their favor.Market Extension Marketing managers are also evaluating that in which markets should be entered with the existing market too. With the extension of the market it is easy to enhance the market capabilities and also to expand the business with a potential profit. Marketing managers segment the market and then target it with the few products to evaluate that these products should be acceptable. VIP Group of Industries Raheeb Anjum (11022720-080) Page 40 FMAS Evaluating Need, Want and Demand of customers VIP Group of Industries Marketing managers are also evaluating the needs, wants and demands of the customers. These assessments or evaluation help the managers to determine which products should be produce to fulfill the demands of customers.With the fulfillment of customers demand it gives the chances to capture the marketing and compete with the competitors. 4. 4. 5. Production Department Production department is associates with the production of product from raw material to finished good. Production department is the main department by which the other departments are having some importance. Cutting of Material Cutting department is separate department but it might be said that cutting department is sub-department of the production department. Cutting department get the pattern of the product from pattern department and then make cutting possible according to the pattern of the product. With the help of pattern the wastage of raw material decreases and efficiently cut the raw material.All the parts of the material should be numbered by numbering department. These numbers helps to determine that which piece is assemble with the other one. These numbers make the assembling effective and easy. Leather Cutting Leather cutting is little bit tough than the other cuttings hence the leather cutting is separately used. Leather cutting is the har d task to perform. With the minor inaccurate cut, the whole product is become waste. For the leather cutting it require the special care and for this purpose most efficient labor requires. Raheeb Anjum (11022720-080) Page 41 FMAS Lining VIP Group of Industries Lining is used inside the leather and Rexene products. Without lining the product is useless.It is the sensitive fabric which is used to making product effective, and useful. Beside of it, there is also use buckram in the products which increases the reliability of the products and makes them useful for the longer period of time. Supervisors oversee all these activities and guide the labor; on the other hand production manager supervises the supervisor and all the activities. Touching Touching department is also the sub-department of production department. Touching department is used to rectifying or concealing the defects which occurs with the product. Any minor defect or whole which can be covered is rectifying with the glue and then colored it with the relevant color.Stitching When all the pieces cut effectively and efficiently then they assembles, and this assembling is make possible with the help of stitching department which is another sub- department of production department. All the pieces are numbered which helps to stitching department that which piece assembled with which one. Over lock Over lock is another sub department of production department. When the product is well stitched then it transferred to over lock department which over locking the stitches of the product which increases the efficiency and reliability of the product. Raheeb Anjum (11022720-080) Page 42 FMAS Quality control VIP Group of IndustriesWhen the production is made then the product transferred to Quality check department who evaluate the product and check the quality of the product and reliability also. If any product or piece seems damaged then it returned to the relevant department to make it again. Only good quality p roducts are preferred. Packing When the product is completed and go through the all the department and also approved by the Quality control/Quality check department then it transferred to packing department. Packing department make sure that the packing is effective. This effective packing is also the source to attract the customers. 4. 4. 6. Information Technology DepartmentInformation technology department is used to making softwares of the organization and also engaged in the maintenance of these softwares. At the entrance of VIP group of industries is machine in which the employees swap their card and then enter in the organization. This software is also made by the IT engineers of this organization. They also make the data entry software of the organization of multiple types. Maintenance of Software Engineers of information technology are engaged in the maintenance of the softwares of the VIP group of industries which are made by them. Information technology is the complex issu e and it requires special care. Protect software from hacking Software engineers also work for the protection of the software of this organization.Every organization has its privacy but due to the highly usage of information technology and its increasing awareness the threats of hacking Raheeb Anjum (11022720-080) Page 43 FMAS increases hence engineers of information technology helps to protect it from hacking. Development of software Engineers of information technology are also make searches for development of new software which is useful for the organization. They also interlinked the whole organizational computers with one hub. This networking helps to recover data from the other computer in case of any loss of computer. Maintenance of computers Engineers of information technology also make possible the maintenance of the organizational computer and also protect them from the viruses.They not only maintain the computers but also the other accessories of the computers. VIP Group o f Industries 4. 5. Detailed description of the tasks assigned to me: I worked in VIP group of industries six weeks and during this time period I was given a chance to go through all the departments in the organization except security. My 1st two weeks were spent in Human Resource Department and as the details of Human Resource have been discussed earlier. I was given multiple tasks to perform during these two weeks. Initially I was given the complete introduction of this department. In the first week I was told to just get information of Human Resource department that what HR actually is and what are the task they perform.I was given by the previous internal audit reports, studied the labor laws, go through with the organizational restrictions and rules of behavior with employees who are given by international standards such as ISO 9001, ISO 9002, OHSAS 14000, SEDEX, SA 18000 etc. Human resource activities are Raheeb Anjum (11022720-080) Page 44 FMAS done for evaluation of employees and recruitment also. Details of them have been told earlier in weekly timetable. In this department the most crucial part is the documentation and I was given many sets of attendance forms, employment forms to fill correctly and carefully. I filled almost 20 to 30 sets of employment forms and almost 10 files of attendance. Employment documents include Appointment as contractual, core employee, part time employee etc. I filled all these documents myself by the guidance of Mr. Abdul Sattar and Mr. Muhammad Omar.These all documents are quite confidential and one has to be very cautious while filling those documents. Then the 2 nd thing was to complete the files of attendance and job analysis which include JD (Job Descriptions), Approval, Offer Letter, JS (Job Specifications), JE (Job Evaluation). I was asked to complete the file