BACKGROUND OF THE STUDY
Organization is a set of people working together for accomplishment of a common objective. The roles and responsibilities are stated clearly without any Ambiguity. The positions occupied by different individuals are presented in the Form of resources.
NEED FOR THE STUDY
This study is to fulfill the requirement of PGDM degree course of AIMA. Organizational structure is essential for continuity of the mission & co-ordinates & controls the business activities effectively. The training is undertaken during July to August 2010 and the main purpose of the training is to apply the theoretical aspects of the course in the corporate environment and gain firsthand experience and expose our self to policies, ethics, culture, practices, procedures, facts about the work culture and policies of the company.
1.2 INDUSTRY PROFILE
OVERALL INDIA VIEW
India is the 7the largest country in the geographical area. India is one of the largest democracies and second largest in the population. Economic Overview: Indian is currently undergoing an economic revolution which is generating fast-paced changes and development. There is stable 11 % annual growth,
•Rising foreign exchange reserves of close to USD 140 billion, •Consistent and flowing Foreign Direct Investment(FDI) of close to UDS 8 billion, •Export surge in excess of 20%.
This altogether enables the Indian economy to expand in coming years.
Investment eccentric: With a rapidly expanding consumer base (private consumption currently account for 61% of India’s GDP) and stabilized consumer price index rate 4.2%. India is now preferred investment destination and has surpassed the U.S to become the second most favorable destination for FDI, in the world after China.
GDP and CPI
GDP Growth (%)22.214.171.124.5
FOREIGN DIRECT INVESTMENTS:
Foreign direct investment is opened to single brand retailers. Steady increase in FDI
FDI (INR millions)373530.2301379.6348062.4395293.4
FDI (FDI billion)126.96.36.199.7
1.3 COMPANY PROFILE
Future Group, led by its founder and Group CEO, Mr. Kishore Biyani, is one of India’s leading business houses with multiple businesses spanning across the consumption space. While retail forms the core business activity of Future Group, group subsidiaries are present in consumer finance, capital, insurance, leisure and entertainment, brand development, retail real estate development, retail media and logistics.
In 2008, Big Bazaar opened its 100th store, marking the fastest ever organic expansion of a hypermarket. The first set of Big Bazaar stores opened in 2001 in Kolkata, Hyderabad and Bangalore.
The group’s speciality retail formats include supermarket chain – Food Bazaar, sportswear retailer - Planet Sports, electronics retailer - eZone, home improvement chain - Home Town and rural retail chain, Aadhaar, among others. It also operates popular shopping portal
Other group companies include, Future Generali, the group’s insurance venture in partnership with Italy’s Generali Group, Future Brands, a brand development and IPR company, Future Logistics, providing logistics and distribution solutions to group companies and business partners and Future
Media ,a retail media initiative.
The group’s presence in Leisure & Entertainment segment is led through, Mumbai-based listed company Galaxy Entertainment Limited. Galaxy leading leisure chains, Sports Bar and Bowling Co. and family entertainment centres, F123. Through its partner company, Blue Foods the group operates around 100 restaurants and food courts through brands like Bombay Blues, Spaghetti Kitchen, Noodle Bar, The Spoon, Copper Chimney and Gelato. Future Group’s joint venture partners include, US-based stationery...