India Business and Finance

M.B.N. Rao, chairman and MD of Canara Bank

HCCB’s (Hindustan Coca-Cola Beverages) product portfolio includes Coca-Cola, one of the world’s favorite sparkling drinks. Coca-Cola is sold in more than 200 countries, has many firsts to its credit – the first product to appear on the cover of the TIME magazine; the first soft drink to be consumed in space; the first company to feature Santa in its advertising campaign. In fact, Coca-Cola is credited for establishing Santa as a pleasantly plump character painted in red with rosy cheeks, a white beard, twinkling eyes and laughter lines. Coca-Cola traces its origin to May 8, 1885, when John Pemberton, a pharmacist, created a distinctive tasting soft drink. The name Coca-Cola was given to the beverage because it contained extracts from the coca leaf and the kola nut. It was, however, Dr Pemberton's friend and business partner, Frank M Robinson, who came up with the name Coca‑Cola. He wrote it out by hand in the Spencerian script thinking the two Cs would look well in advertising. The company continues to use the same design as its logo. The famous contour bottle prototype, which became the standard bottle of Coca- Cola, was designed by Alexander Samuelson and patented by the Root Glass Company in 1915. Variants of Coca-Cola include low and no-sugar options such as Diet Coke and Coca- Cola No sugar.

Bangalore

The followings are the principles of Office layout:1.Free flow of work,

2.Free movement and observation,

3.Effective supervision

4.Flexibility,

5.Maximum utilization,

6.Placement,

7.Lighting and Ventilation,

8.Service and facilities,

9.Safety,

1o. Appearance

Independence

checkout www.plastemart.com for the record of reliance polymer prices for the last 9 yrs..

Reliance group of companies are one of the largest conglomerates in India. They were founded by Late Dhirubai Ambani. Some companies that are part of this group are

1. Reliance Industries (Refineries)

2. Reliance Communications (Telecom)

3. Reliance Petroleum (Petroleum)

4. Reliance Capital (Invesment & Finance)

5. Reliance Power (Power generation)

etc...

It is now being taken care of by his two sons, Mukesh Ambani and Anil Ambani.

relianc is mnc or not

The customer has beome more aware and intelligent today than his yesteryear counterpart. The role of the salesman has changed to that of a consultant. Case in point the private insurance players who provide the prospect with the product profile suiting his budget, returns expected etc. They do this to aim at long term customer relations rather than short term selling (a thing of the past today)

Examples of self-reliance would be growing your own food or using the sun for energy. Relying on yourself and going off the grid. Some self reliance experts do not use cash for anything but barter instead.

yes

Anything is possible with a strong reliance on God.

Reliance Industries Limited is successful in India due to its diversified business model, which spans petrochemicals, refining, telecommunications, and retail. Its ability to innovate and adapt to market demands, exemplified by the launch of Jio, revolutionized the telecom sector by providing affordable data and services. Additionally, Reliance's strong leadership under Mukesh Ambani and strategic investments have solidified its position as a market leader, enabling it to capture a significant share of the Indian economy. The company's focus on sustainability and digital transformation further enhances its competitive edge.

Brazil is growing socially, economically, and politically. As it's economy grows, Brazilian influence, specially arround the countries in Latin America, grows. That's how politically Brazil grew, and that's why it's the a leader in South America.

Socially, Brazil has grown with investiments, in educational, safety and healthcare areas. Making efforts to become a first world country.

Nowadays, Brazil is the country with the 5th biggest amount of money saved in it's national public chest. It's trying to become an intrnational credor and not anymore a debtor.

Yes, and no. The more richer part of Brazil is most developed and highly industrialized but the more poorer parts has a low development because they don't earn a lot of money.

Take as example Sao Paulo it has a transport centre, a central business center and with high skyscrapers. When u take then capital city it self Brasilia as an example, u see it has a high population growth but many people are real poor and aren't deployed.

To depend on one's own conceived ideas or concepts to be able to make decisions, usually saying someone is 'reliant on their imagination' also implies they rarely consider logic when making choices.

Food bazar (Biyani group)

Organization as a going concern does not exist in a vacuum. Beyond its interconnected resources, every organization needs direction in terms of where the managers want it to go, and how the manager would wish the company to develop. This strategic feature of an organization really relates to the mission of the organization and possibly a visionary statement concerning the future of the organization. Managers at all levels in every organization set a number of objectives which the company strives to achieve. Whilst doing this however, consideration should be made to the overall corporate objectives of the company. Below, though not exhaustive, is a list of general corporate objectives organisations aim at. Ø Profit Ø Shareholders' wealth Ø Company growth Ø Social responsibility Ø Employment creation and development Ø Customer satisfaction Ø Company continuity To this, Ackoff (1986) in Thompson J. L. Strategic Management (2004) argues that though a company exists for purposes of profit and growth, these two main objectives are both means to other ends rather than objectives in themselves. He further argues that profit is necessary for the survival of a business enterprise but may neither be the reason for which the business is formed nor the reason why it has to stay in existence. Instead, Ackoff contends, that those who manage organisations do so primarily to provide themselves with the quality of work life and standard of living they desire. Their behaviour can be better understood by assuming this than by assuming that their objective is to maximize profit or growth. Against this background, it is important for the CEO to, among the profit and the company growth objectives of the company, consider the investors or the shareholders, customers, supplies and distributor as well as other employees of the company. Shareholders wealth Public quoted companies are owned by shareholders and therefore the continuous survival of the company means that the objectives of the company should always relate to and meet the expectations of the shareholders. Thus, the influence of shareholders can have a drastic effect on the company. To this extent, some public companies - for survival - sometimes seek short-term profits to please their major institutional shareholders. This in my opinion is a bad management practice especially in modern management, since for companies to become more effective competitors in today's global market, the profit focus should be moved from pleasing shareholders in the short-term to considering the long-term and the interest of all stakeholders of the company. In the United Kingdom, for instance, Constable (1980) stated: 'Britain's steady relative industrial decline over the past 30 years is related to an insistence on setting purely financial objectives which have been operated in relatively short time scales'. These financial objectives were particularly targeted at pleasing some major shareholders whose actions and inactions might affect the company negatively. In Ghana moreover, pension funds relatively controls the largest companies through the sizeable number of shares they owe in these large companies. As such these individual pension fund managers are very instrumental in determining the outcome of a decision in the companies they owe shares in. Satisfying that segment of investors therefore would not be the solution to the company's continuous survival. It is however important to note that in Japan and Germany, shareholders do not exert pressure on their company as they do in the UK. Social Responsibility Perhaps the most important non financial objective of every company to ensure its survival has to do with its social responsibility. Social responsibilities are strategies and actions that can be seen to be in the wide and best interests of society in general and the environment as a whole. Whilst in some countries the issues of social responsibility are a legislative issue, very often they are voluntary actions in some countries. There are however, a number of ways in which a firm can behave responsibly in the interests of the society, for which as a CEO, I may opt for some or all: · Community action: this aspect of the social responsibility has a very broad category with numerous opportunities, ranging from charitable activities to concerted action to promote industry and jobs in the communities in which the company is situated. · Industry location: Similar to the above, organisations may locate new plants in areas of high unemployment for various reasons other than for profits. While aspects of social responsibility as the corporate objective may be involved, the decision may well be more economic. In developing countries such as Ghana, grants, tax exemption as well as rate concessions may be an important deciding factor of such location. · Product safety: some social responsibility issues take the form of product safety. This can be the result of design or production and includes aspects of supply and supplier selection to obtain safe materials or components. In most economies, product safety is influenced to a large extent by legislation. However, organisations in this category in most of these economies may build in more safety features than the law requires. For instance, a car manufacturing company such as Volvo which is promoted and perceived as a relatively safe car falls into this category. Sometimes moreover, the safety is reflected in perceived higher quality, which adds value that the customer is willing to pay a premium for, but at other times it will be the result of the organization's choice to sacrifice some potential profit. · Other environmental concerns: these include recycling, waste disposal, protecting the ozone layer and energy efficiency. In Ghana for example, the first 50 days after the launching of Mobile Telephone Network (MTN) were dedicated not only to an extensive advertising period but the company further embarked on a waste disposal policy. The environmental aspect of the social responsibility concept to Unilever is also in the form of packaging. Upon realizing that smaller and lighter packages use fewer raw materials and cheaper to transport, Unilever Ghana limited for some time now has introduced a more concentrated version to its detergent brands which hitherto, many consumers perceived as poor value for money because the content of the product forms just a small proportion to the total weight of the product. Soft drink manufacturer such as Coca Cola has also switched to fully recyclable aluminum cans and plastic bottles that are easily disposable. Employment Creation and development The existence of some companies is not ultimately for profits but to also create employment opportunities. For instance, in response to a question regarding the objectives for the establishment of Ninash Company Ghana Limited, a synthetic hair manufacturing company, the Managing Director said 'the desire to create employment opportunities for the unemployed and to save the country's scarce foreign exchange resources led to the transformation of Ninash Enterprise into a Limited Liability Company in February 1994 and was registered under its current business name, to undertake the manufacture and distribution of varieties of hair pieces and wigs. The company has since its inception provided jobs for a number of youths who were previously on the streets without any skills'. To this end, the staff strength of Ninash Company (Ghana) Limited according to the managing director has grown steadily over the last ten years. Starting with 12 employees in 1992, it grew to 50 employees in 1995; and to 100 employees in 2000. By 2002, the company employed 300 workers, 70% of which were females. At present, the staff strength is 506 employees in its seven sections. These sections are factory hands, sectional heads, drivers, security personnel, hairdressers, support staff and management staff. Customer satisfaction To compete effectively in the global market place today, a company has to be more customer-oriented other than the product-oriented philosophy that used to exist. Customers today are more sophisticated and value-maximizers. They form an expectation of value and act on it. Today, buyers buy products from the firm that they perceive to offer the highest customer-delivered value. Losing profitable customers can dramatically affect the company's profits. It is therefore important for companies to have an extensive corporate policy towards the retention of customers. It is sometimes said in marketing literatures that the cost of attracting a new customer is estimated to be five times the cost of keeping a current customer happy. To keep customers happy however, marketers can add financial or social benefits to products, or create structural ties between the company and its customers. Today's companies have no choice but to implement total quality management programmes if they are to remain solvent and profitable. Total quality is one of the key to value creation and customer satisfaction. WHERE IS THE EXPLANATION FOR 'COMPANY CONTINUITY'? Conclusion Every organization exists for a purpose. The most important resources of every organization are its human resources part of which form the individual managers or the Chief Executive Officers. It is therefore feasible to argue that organisations as a whole have a purpose whereas the individual CEO also has his/her objectives. Some of the purposes for the existence of a company include making profit, maximizing shareholders' wealth, and company growth, fulfilling its social responsibility, creating and developing employment, customer satisfaction and letting the company function as a going concern. The objective of the CEO however, is to strive to achieve all these corporate objectives. A profit in my view as the CEO is the most important objective to achieving the other corporate objectives. References: 1. Thompson J. L. Strategic Management (2004) 4th edition - Thompson publication. 2. Thompson, A. A., Gamble J. E., Strickland A. J. Strategy-Winning in the Marketplace (2006) 2nd edition - McGraw-Hill Irwin publication. 1. Kotler P. Marketing Management (2003) 11th edition - Prentice hall publication.

It is in first floor, PVM arcade ... central junction valanchery !!!

The manager sir I want my account number in full cumputer number,s my old number 33526 NRO

The importance of consumer movement is to protect consumer rights. Importance of consumer movement can be studied with the help of the following points:-

(1) Protection from Unsafe Products: An important object of consumer movement is, the united fight of consumers against harmful and unsafe products produced by manufacturers and sold by traders. The examples of such products are medicines causing side effects, sold without any written warning, sale of stale products, etc.

(2) Protection against Unfair Trade Practices: Businessmen do various unfair trade practices like overcharging the customers, using inaccurate weight and measures, selling inferior quality goods, resorting to black marketing, etc. Consumer movement protects the consumers from such malpractices.

(3) Protection Against Pollution: Due to consumer movement, business organizations are under pressure to take the necessary measures to control air, water and noise pollution.

(4) Bringing Consumers Together: It was very easy for business organizations to exploit unorganized customers. However, due to consumer movement, customers are collectively fighting for their rights. Thus, consumer movement has succeeded in uniting and getting a fair deal for consumers from the business world.

(5) Control on Monopolistic & Restrictive Trade Practices: Many Laws and Acts have been introduced to protect the interest of consumers against monopolistic and restrictive trade practices of businessmen.

(6) Creating Consumer Awareness: Consumer movement creates awareness among consumers and educate them through lectures, seminar, workshops, media, public meetings, etc. regarding consumer rights.

(7) Timely Supply of Essential Commodities: Consumer movement has made it possible for consumers to form Consumer Co-operative Societies for production and distribution of essential commodities on co-operative basis so as to ensure their regular supply at reasonable prices.

(8) Right to get After Sale Service: After sale service is provided by manufacturers and sellers to the customer even after effecting sales. Seller must provide after sale services in case of consumer durable products. The seller is supposed to undertake free repairs and maintenance of products sold during the warranty period. The awareness about this right of consumers has been brought through consumer movement.

(9) Pressure on Government: Since consumers are now united, they are able to exert pressure on the government to enact various laws and introduce measures for consumer protection.

(10) Link between Consumers and Business Community: Various consumers, by passing on consumer grievances, their suggestions, etc to business organizations are getting justice for consumers.

(11) Legal Help: Various consumer protection associations helps the consumer to get their complaints against malpractices of traders, redressed through Consumer Disputes Redressal Agencies or Civil Courts.

They start with the upper management who runs the company. Then there are assistant managers that help and then the employees who assist the customers.

London is the financial capital of Britain.

Shahrukh Khan is ICICI Bank's brand ambassador globally

See the related link for BSNL's demonstration of viewing your bill online.