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ORGANIZATION

An
organization is a social unit which is deliberately constructed and
reconstructed to seek specific goals. It is an association formed by a group
who see that there are benefits available from working together towards a
common goal. It is a social unit of people, systematically structured and
managed to meet a need or to pursue collective goals on a continuing basis. All
organizations have a management structure that determines relationships between
functions and positions, and subdivides and delegates roles, responsibilities,
and authority to carry out defined tasks. Organizations are open systems in
that they affect and are affected by the environment beyond their boundaries

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ORGANIZATIONAL STUDY

Organizational
study is one of the subjects in MBA programme where practical learning is
undertaken. Organizational study is an important component in management
education. The other aspects of organizational study are explained further.

Organizational study is important for an MBA graduate as it helps them connect
theory to practice. This organizational study was conducted at Premiere
Apparels for 15 days from 15 December2017 and 30 December 2017.

An Organizational Study

Organization
study is a part of MBA curriculum of CMS Business School, Jain University. It
is aimed to understand the functioning of different Departments of an
organization. The study was conducted in iron and steel industry.

 

 

 

Nature and
Scope of the Industry

The customer
closet in universal and in addition in the Indian market is seeing a consistent
move from formal to easygoing clothing. Subsequently, easygoing wear
classifications like shirts, denims, easygoing shirts and pants are seeing a
relatively higher development rate. The Indian shopper is no longer limited to
same combo of woven shirt and pant for all events. Closet of an Indian
purchaser has developed with time and now it is a mix of different various
types of apparel for various events like office, rec center, shopping, morning
or night walk, marriage and parties and so on. This pattern of event particular
garments has additionally given an extra catalyst for the development of the
versatile easygoing wear classifications like shirts.

 

OBJECTIVES
OF THE STUDY

·   To
understand the structure and functioning of the organization.

·   To
understand the delegation of authority and responsibility.

·   To
understand the responsibility and authority of key people.

·   To
understand the various policies and programs of the organization

·    To
understand the core business level functions of the organization.

·    To
study in detail the organization structure and design.

·    To
explain the possible ways to eradicate weakness and problems in the ways of
suggestions and recommendations.

METHODOLOGY

·   The
study encompasses the systematic and careful application of knowledge about how
people perform within organizations.

·   To
understand the working environment of the organization.

·   To
understand the functions within the organization.

·   To
analyze the organization structure.

LIMITATIONS
OF ORGANIZATIONAL STUDY

· There
are difficulties in obtaining data from executives and managers due to their
busy schedule.

· An
in-depth study could not be carried out due to lack of sufficient time.

· The
reliability of the data used for the study depends on the company’s report and
information given by the executives.

·   The
company has limitation to disclose their financial, production, manufacturing
and export details, so a detailed analysis is not possible

INDUSTRY PROFILE

The Indian
material industry is one of the biggest on the planet with a huge crude
material and materials producing base. Our economy is generally subject to the
material assembling and exchange expansion to other real businesses. Around 27%
of the remote trade profit are because of fare of materials and apparel alone.

The materials and garments part contributes around 14% to the modern generation
and 3% to the total national output of the nation. Around 8% of the aggregate
extract income accumulation is contributed by the material business. To such an
extent, the material business represents as expansive as 21% of the aggregate
work created in the economy. Around 35 million individuals are
straightforwardly utilized in the material assembling exercises. Roundabout work
incorporating the labor occupied with farming based crude material creation
like cotton and related exchange and taking care of could be expressed to be
around another 60 million.Textile is the biggest single industry in India,
representing around 20% of the aggregate modern generation. It gives guide work
to around 20 million individuals. Material and dress fares represent 33% of the
aggregate estimation of fares from the nation. There are 1,227 material
factories with a turning limit of around 29 million shafts. While yarn is for
the most part created in the factories, textures are delivered in the powerloom
and handloom areas too. The Indian material industry keeps on being prevalently
in view of cotton, with around 65% of crude materials expended being cotton.

The yearly yield of cotton material was around 12.8 billion m (around 42
billion ft). The fabricate of jute items (1.1 million metric tons) positions
next in significance to cotton weaving. Material is one of India’s most
established enterprises and has a considerable nearness in the national economy
see that it adds to around 14 for every penny of assembling esteem option,
represents around 33% of our gross fare income and gives beneficial work to a
great many individuals. They incorporate cotton and jute producers, craftsmans
and weavers who are occupied with the sorted out and also decentralized and
family unit areas spread over the whole nation.

Domestic Scenario

The Indian
materials industry, presently assessed at around US$ 120 billion, is required
to achieve US$ 230 billion by 2020. The Indian Textile Industry contributes
around 2 for each penny to India’s Gross Domestic Product (GDP), 10 for every
penny of assembling creation and 14 for each penny to general Index of
Industrial Production (IIP).

Indian khadi
items deals expanded by 33 for each penny year-on-year to Rs 2,005 crore (US$
311.31 million) in 2016-17 and is relied upon to surpass Rs 5,000 crore (US$
776.33 million) deals focus for 2018-19, according to the Khadi and Village
Industries Commission (KVIC).

The
aggregate territory under development of cotton in India is relied upon to
increment by 7 for each penny to 11.3 million hectares in 2017-18, by virtue of
desires of better comes back from rising costs and enhanced product yields amid
the year 2016-17.

Indian fares
of privately made retail and way of life items developed at a compound yearly
development rate (CAGR) of 10 for every penny from 2013 to 2016, primarily
drove by bedding shower and home style items and textiles#. The Government of
India targets material and article of clothing division trades at US$ 45
billion for 2017-18.

 

 

GLOBAL SCENARIO

The textile
and apparel industries altogether contribute towards the national economy of
numerous nations like as Vietnam, Bangladesh, Sri Lanka, Cambodia, Turkey and
so forth. In spite of the fact that the attire business is worldwide in nature,
the assembling offices from created nations are moving to creating nations to
diminish the work cost. Indeed, even in these creating nations, the article of
clothing enterprises are confronting the best difficulties regardless of the
modest work cost, because of the short generation life-cycle, high
unpredictability, low consistency, abnormal state of motivation buy and the
brisk market reaction. To diminish the cost of creation, the piece of clothing
businesses in creating nations are somewhat concentrating on sourcing of less
expensive crude materials and limiting conveyance cost than work profitability
because of the accessibility of modest work.

 

Albeit a
portion of the attire producers still make due in the created nations, they are
battling for survival because of low gainfulness. In the worldwide aggressive
situation, the upside of assembling attire things locally finished assembling
abroad incorporates closeness to the market and the capacity to respond to mold
changes quicker than the remote contenders. Nonetheless, the nearby makers are
bit by bit lessening the generation and concentrating on performing just the
entrepreneurial capacities engaged with attire fabricating, which incorporate
purchasing crude materials, outlining garments and adornments, getting ready
examples and organizing the creation, circulation and advertising of the
completed item. Worldwide dress generation has now moved to, and is steadily
bringing together in, nations, for example, China, Bangladesh, India, Korea,
Cambodia, Pakistan and Vietnam. The worldwide exchange of attire and material items is never
again represented by amounts since 1 January 2005, when the concession to
materials and garments was ended. As of late, the worldwide exchange has been
represented by enactment inside the multilateral exchanging framework, which
helped in the consistent increment of imports from nations with low work costs.

At the point when consumer loyalty is viewed as, the speed of recharging
becomes an integral factor. Hence, the nations with vicinity are more focused
for those merchandise where recharging is essential, and these financial
components will strengthen.

 

The nations
in Asia are the main makers of attire things around the world. Among the Asian
nations, China keeps on being the main exporter of materials and apparel
things. Be that as it may, Bangladesh could turn into the world’s best exporter
of articles of clothing in 10 years as China is step by step moving far from
its long-held matchless quality over the fabricate of low-end attire. The
worldwide utilization of piece of clothing items remained at $445 billion out
of 2015, as indicated by information from the World Trade Organization. China,
the main exporter, represented 39.26 percent worldwide piece of the pie while
Bangladesh’s offer was 5.9 percent. Bangladesh’s piece of clothing send out
last monetary year was $28 billion. The nation has set an objective to raise it
to $50 billion by 2021. Then, China is losing its piece of the pie for the most
part because of higher expenses of creation and deficiency of a gifted
workforce.

 

 

 

 

 

 

 

 

 

 

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