sip final report_trinayanthakuria_mc_244
TRANSCRIPT
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NEW DELHI INSTITUTE OF MANAGEMENT
SUMMER TRAINING REPORT ON
A STUDY ON CORPORATE SELLING AND
ITS RELATIVE PROCESSES
For
CHANAKYA MUDRAK PVT. LTD.
By
TRINAYAN THAKURIA
244
In partial fulfilment for the award of
Post Graduate Diploma In Management
2015-2017
New Delhi Institute of Management 50 (B&C), 60, Tughlakabad Institutional Area, New Delhi-110062 E-mail :[email protected] Website : www.ndimdelhi.org
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SUMMER TRAINING REPORT ON
A STUDY ON CORPORATE SELLING AND
ITS RELATIVE PROCESSES
For
CHANAKYA MUDRAK PVT. LTD.
(From May’2016- June ’2016)
Under the supervision
Of
KUMAR SUMEET
(Sr. Manager Market Development)
Submitted By- Submitted To-
Trinayan Thakuria Prof. Rinku Dixit
Roll number- 244 (Faculty mentor)
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Acknowledgement
I would like to place my heartiest gratitude toCHANAKYA MUDRAK PVT.
LTD.for giving me this opportunity to conduct my summer internship under
their esteemed organization.
I am especially grateful to NDIM, all the employees and staff members of the
organization (Chanakya Mudrak Pvt. Ltd.) where I had conducted my program,
and all other personals whom I met during my project period, who have helped
me in some or the other way and sharedtheir valuable knowledge and guided me
throughout the period.
I would also like to offer my sincere token of gratitude to the following, for
providing me with their precious time without which the training would not
have been possible.
Mr. INDER KUMAR ARORA (Director)
Mr. PUNEET ARORA (Marketing Head)
Mr. KUMAR SUMEET (Sr. Manager, Business Development)
Mr. MANOJ BAGHEL (Sr. Manager, Marketing and Operations)
Mr. RAJESH KUMAR SONIK (Design Operator)
Mr. RANDHIR KUMAR MISHRA (Accounts Manager)
Mr. SANJAYGULATI (Production Head)
Mrs. KANCHAN CHAUHAN (Sr. Design Operator)
Lastly I would like to thank Mrs. RINKU DIXIT, my faculty mentor and
Mr. DAMIAN AMARAL, my CRC mentor, for constantly supporting me and
for providing a proper and effective schedule for my internship.
With Thanks,
TRINAYAN THAKURIA
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DECLARATION
I, Mr. TRINAYAN THAKURIA, student of New Delhi Institute of
Management Batch(2015-17) declare that every part of the Project Report, A
study on corporate selling and its relative processes, submitted by me is
original.
I was in regular contact with my faculty guide and contacted at all possible
times for discussing the project.
Date of project submission:_____________
Trinayan Thakuria
Faculty Mentor’s Comments:
________________________________________________________________
________________________________________________________________
________________________________________________________________
_______________________________________________________________
Prof.Rinku Dixit
(Faculty Mentor)
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CONTENTS
1 EXECUTIVE SUMMARY ...................................................................... 8
2 INTRODUCTION OF THE ORGANIZATION ...................................... 10
3 AN OVERVIEW OF THE INDUSTRY.................................................. 13
4 COMPANY BACKGROUND................................................................ 16
4.1 SENIOR EXECUTIVES .................................................................. 18
4.2 ORGANIZATIONAL STRUCTURE ............................................... 19
4.3 PRODUCTS AND SERVICES ........................................................ 20
4.4 GEOGRAPHICAL SPREAD ........................................................... 21
4.5 MARKET SEGMENT ..................................................................... 22
4.6 MARKET SHARE AND TURNOVER OF THE COMPANY ........... 23
4.7 POSITIONING OF THE COMPANY .............................................. 24
4.8 FUTURE PLANS FOR EXPANSION .............................................. 25
4.9 THE REVENUE MODEL ................................................................ 26
4.10 INITIATIVES TOWARDS CUSTOMER SATISFACTION AND ITS
IMPACTS ................................................................................................ 28
4.11 THE SCENARIO OF FUNDS ....................................................... 29
4.12 STRATEGIES AND MODELS ADOPTED BY THE COMPANY
FOR BUSINESS SUCCESS ..................................................................... 30
4.13 CORPORATE SOCIAL RESPONSIBILITY ................................. 32
4.14 HUMAN RESOURCE PRACTICES ............................................. 33
4.14.1 ATTRITION RATE ................................................................ 33
4.14.2 INITIATIVES TOWARDS EMPLOYEE SATISFACTION ..... 36
4.14.3 RETAINING OF THEIR KEY EMPLOYEES ......................... 37
4.14.4 EFFECT OF TRADE UNIONS ON THE BUSINESS .............. 38
5 OBJECTIVE OF TRAINING/INTERNSHIP .......................................... 40
6 DETAILS OF WORK ASSIGNED......................................................... 41
7 ACTIVITIES DURING THE PROJECT................................................. 43
8 KEY OBSERVATIONS AND FINDINGS ............................................. 47
9 CONCLUSION...................................................................................... 48
9.1 ANALYSIS OF FINDINGS ............................................................. 48
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9.2 INTERPRETATION OF TRAINING OBJECTIVE .......................... 50
10 LIMITATIONS/ CONSTRAINTS FACED.......................................... 51
11 RECOMMENDATIONS/SUGGESTIONS .......................................... 52
12 MAJOR LEARNINGS ........................................................................ 54
13 REFERENCES ................................................................................... 55
14 ANNEXURE ...................................................................................... 56
Annexure 1: PRODUCT AND SERVICE BROCHURE............................. 56
Annexure 2: LITERATURE REVIEW ...................................................... 57
Annexure 3: WEEKLY REPORTING FORMATS..................................... 58
WEEK 1 ................................................................................................ 58
WEEK 2 ................................................................................................ 59
WEEK 3 ................................................................................................ 60
WEEK 5 ................................................................................................ 61
WEEK 6 ................................................................................................ 62
WEEK 7 ................................................................................................ 63
Annexure 4: OTHER RELEVENT INFORMATION ................................. 64
Annexure 5: MID EVALUATION REPORT ............................................. 65
Annexure 6: FINAL EVALUATION REPORT ......................................... 67
15 APPENDIX 1-4 .................................................................................. 69
Appendix 1: Images of office and work during SIP .................................... 69
Appendix 2: Images of other activities performed during the Internship
period. ...................................................................................................... 71
Appendix 3: Images of Corporate visits. .................................................... 72
Appendix 4: Images of certification ceremony. .......................................... 73
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1 EXECUTIVE SUMMARY
I, being a student of New Delhi Institute of Management (NDIM) was given the
opportunity to get associated with a Delhi based printing firm, Chanakya
Mudrak Pvt. Ltd., by being a part of their internship program.
It is a 30 year old organization and has evolved significantly ever since its
inception and has developed itself to become what it is today.
The company is basicallyinto digital-offset printing but has completely
renovated the concept of paper printing by introducing a new and rare process
called “Snowing”, which is a print enhancement technology. Their products
indeed has a high quality and are therefore expensive. This turns out to be one
of the most influencing factors for them being differentiated from the rest of the
printing industry. This factor thereby plays a vital role for Chanakya Mudrak to
select only MNC’s of specific industries to be eligible for becoming their
potential client.
In the period of two months of my internship, I, not only acquired knowledge
about the various products and services a printing firm has to offer but also had
the privilege of meeting high end corporate officials of some of the most
renowned MNC’s, and dealing with them for our offerings.
I had an on-the-job training where I was assigned a work of research on the
prospect clients of the company, collecting their details and respectively learn
about their concerned marketing officials with whom I needed to get in touch
and accordingly had to talk to them. I had to generate a certain level of curiosity
and willingness into the minds of these officials by explaining them about our
unique offerings and fix appointments for a showcase presentation. Once the
appointments are scheduled, we pay a visit and familiarize them to our work
and intend to plant a sapling of relationship with that organization.
This program was an opportunity to acquire unique and new experiences and
there was no doubt that I had accepted it, placing my outmost effort, to gain
each and every knowledge I could get, and the learnings were indeed
miraculous.
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Chapter 1
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2 INTRODUCTION OF THE ORGANIZATION
Chanakya Mudrak Pvt. Ltd. is an organization that was established back in 1985
by Mr. Inder Kumar Arora and in order to introduce the company it is a
necessity to introduce Mr. Arora as it was his divine ambition that helped him
build a name that never existed in the history of the nation.Founder and
Director, and still spear heading the organization, Mr. Arora have carried the
organization beautifully ever since its inception.
The 30 year old company was once a normal printing firm with an ordinary
machine, but now, it’s one of the biggest players of the industry. Its experience
in the printing and graphic arts industry is legendry and has always viewed
printing with passion and dedication, and treating boththe areas of quality and
commitment with outmost care. The company basically deals in providing print
solution to various MNC’s. They are specialized printers containing a very rare
technology among the other industry players. They are able to provide supreme
quality of printed subjects and currently have closed their operations only to
thetop notch MNC’s. The company have now developed a somewhat
sophisticated outlook for themselves.
Initially they were running an old, one colour machine and indeed, it was a
laborious task to work with it. The machine required the letters to be fitted in
the order they had to be printed which single handily took 2-3 days of working,
and then the paper sheets were placed for the printing to be accomplished. Mr.
Arora had to take a series of good steps before he could finally make his
company reach to what it is today.
In 2006, Chanakya Mudrak had set up the third digital-offset technology of the
nation. It was a huge investment but it certainly did worth it. They were
operating on the old machine for too long and they needed some change in the
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fast growing market. With digitalization the industry was failing as well and the
new installation would give them a huge competitive edge over the others, and
it did.
The company is a privately owned organization and is currently run Mr. Arora
(Director) and his son, who is heading the organization’s main operations and
also looking after the marketing division.
From the past 6 years, they have successfully completed projects involving
almost all types of techniques and substrates, from metallic sheets to textured
substrates to Tyvek paper. Their digital printing results are the closest possible
to those from conventional offset printing with an unbelievable accuracy. In
order to maintain highest standards they have retained trained professionals who
are working with them since the beginning. They have learned the machine
quite well and are producing wonderful work pieces. These workers handle the
state of their art equipment and are taking uncompromising care at every step of
the way. The company ensures 4-stage quality check before delivering the final
product to its purchaser, to get optimum quality, keeping in track with the
affordability at the same time.
They are, at present, dealing with printing only related to paper and all of its
forms.They invariably found ways to differentiate themselves, and 2013 they
took it to a whole new stage. They introduced a new print enhancement
technology called “snowing” for the first time in India. It was a technology that
aided them to completely specialize their way of dealing with customers.They
started with offset technology, when they administered with normal clients and
performed bulk printing, then after the induction of the new digital-offset
technology they specialized and started working for ad agencies
alone.Immediately after the first appearance of “Snowing”, they have separated
themselves completely and have resolved to deal with MNC’s. Since their
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results are costly, they prefer to dole out with only those who could tolerate the
cost of it.
The company have done its best to sustain itself and its industry. It is now one
of the renowned names and has certainly given its best to prove the phrase
literally. The company now deals with clients all over India and few parts of the
world, and has been able to acquire awards both nationally and internationally.
They are presently creating an online website for B2C clients who have small
requirements and are achieving quite a bit of response.
Situated in New Delhi, Chanakya Mudrak Pvt. Ltd. has only one outlet through
which they carry all of their operations and production works. They have a very
restricted number of employees and carry all of their, client handling, designing
and production of the finished work, through the very same establishment. They
thrive for achieving glory and are confidently moving forward with the goal
ever since they were created. They have done miraculous works and promise to
continue with all of their dedication.
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3 AN OVERVIEW OF THE INDUSTRY
The printing industry of India is one of the oldest industry of the country.
Printing, means production or reproductions of written material or images in
multiple copies. There are four traditional types of printing: relief printing,
intaglio, lithography, and screen process printing. Relief printing encompasses
type, stereotype, electrotype, and letterpress. Flexographic printing is a form of
rotary letterpress printing using flexible rubber plates and rapid-drying inks.
Printing and Print – Packaging industry in India is growing; people are taking
keen interest in this key industry now. There are more than 36 printing institutes
some of these giving even post-graduate education. Every year more than 3500
new printing engineering graduates joins this industry, while still much more
get on the spot training in the print shops. Printing especially Packaging printing
is now one of the fastest growing sectors in India. It is said that since 1989 the
growth of the Printing coupled with Packaging Printing industry is over 14%.
The growth of this sector attributes to the two main reasons, first is the spread of
education- according to the 2001 census report literacy growth in India touched
nearly 66 per cent. This amazing growth in literacy together with rising
educational levels and rapidly progressing trade and industry in India make the
current situation a happy note. Literacy rate is growing; increase in the literacy
rate has direct positive effect on the rise of the circulation of the regional
papers. The people are first educated in their mother tongue as per their state in
which they live e.g. students in Maharashtra are compulsory taught Marathi
language and hence they are educated in their state language and the first thing a
literate person does is read papers and gain knowledge and hence higher the
literacy rate in a state the sales of the dominating regional paper in the state
rises. There’s little doubt about India’s market potential in print media.
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According to a national survey, 248 million literate adults still don’t read any
publication. But readership of newspapers and magazines is up by 15% since
1998 to 180 million. It’s a reflection of a younger, more educated population,
especially in small-town India, feel experts. India has 49,000 publications, but
annual revenues total just $1.1 billion. While they can be vibrant and gutsy,
most are starved for technology, marketing, and capital to expand. So a handful
of publications dominate. With the growth in literacy, the Indian print media
industry is expected to grow at CAGR of 6.7% for the period 2016-17 to reach
Rs. 213.6 billion from Rs. 163.8 billion in 2016.Newspaper publishing, which
constitutes around 87% for the segment in 2008, is expected to grow to Rs.
184.8 billion in 2016. Magazine publishing is expected to grow to Rs. 32.8
billion in 2013 from Rs. 23.0 billion in 2016 at a CAGR of 6.5%.
The Indian Print Industry has undergone a revolutionary change in the last 15
years. In 1990, India initiated a process of reforms aimed at shedding
protectionism and embracing liberalisation of the economy. Privatisation was
initiated with the aim of integrating the [[Indian economy]] with the world
economy. This change opened the doors for the Indian Print Industry to
modernise, by investing in the latest of technology and machinery. The average
compound annual growth rate has been higher than 12% over the last 15 years.
Our packaging industry is currently growing at a rate of more than 16% a
year. Prior to 1990, most printers found it easy to invest in East
German and Czechoslovakianmachines. Post 1990, the trend has been to acquire
the latest and the best equipment & machines. The progressive printers of today
are equipped with the latest computercontrolled printing machines and flow
lines for binding, while state of the art digital technologies are being used in
pre-press. Leading print companies have optimised the use ofinformation
technology in each and every area of their business. These printers are today
equipped at par with the best print production facilities in the world.
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Today, India is fast becoming one of the major print producer & manufacture of
printed paper products for the world markets. The quality standards have
improved dramatically and immense production capacities have been created.
Some printers have won recognition by winning prizes at international
competition for excellence in printing. The current annual turnover of all the
components in the Indian printing industry are more than Rs.50,000 crores. That
is in the region of USD 11 Billion.
Chanakya Mudrak Pvt. Ltd. is a small part of this huge industry, but
undoubtedly an important one and they hope to carry their reputation in a fine
way in the near future as well.
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4 COMPANY BACKGROUND
The company was a dream of Mr. Inder Kumar Arora. He belonged to a Punjabi
family that had to migrate from Pakistan back in those days and even when he
was struggling for live and death he followed what his heart said. He needed
money to feed his children and wife and getting a job was very hard. Chanakya
Mudrak Pvt. Ltd. is the outcome of his struggle. It was set up back in 1985. He
had to face a lot of hurdles but he finally did find it turning into reality. They
went through a series of transformation and were ultimately crowned victorious.
The company started its operations from a single work station and are still
holding its position but its reach have spread out to all the places. From a
conventional technique to a highly defined and fast way of producing, they have
almost had the taste of all the changes in the industry. They dealt with bulk
production works and were producing at a quite slow rate but it was until 2006
that they changed completely. The way they chose their clients, the kind of
quality they started producing, earned them a lot of respect and popularity.
Mr. Arora always planned to create something unique, even though collecting
funds was a tougher job, he kept his vision alive and moved forward with
it.Now, since they have specialized themselves and changed their way of
dealing with customers, and at the same time, the types of materials they have
started to produce, have already made them unique in one way or the other.The
introduction of the “snowing” technology was a game changer for them. At the
beginning it was not that easy, but few years of practice helped them to learn
and acquire the technology beautifully. They created history by producing
“Brail Menu’s”with it, which is beyond what the world has seen till now.
The company is still self-funded and all of its operations are private. The
employees are well trained and are loyally attached to the organization.
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Bringing in the digital-offset machine was also a decision of Mr. Arora, who,
supposed to have found the opening to a market which applauded at every step
they move. Situations were not in the favour of the company, but that did not
make them quit. They had debts to be paid, huge amount, and they still kept on
operating expecting that they would be able to make something out of the
investment. They started off with very few clients. Small organizations with
smaller needs. But gradually their realization of their capabilities made them
prosper in a way that was always foreseen.
Mr. Arora constructed the company quite slowly but indeed quite wonderfully.
So many years of hard work have finally paid them off. But they are still
looking for changes and would implement them if required, and would always
keep to create something new to before.
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4.1 SENIOR EXECUTIVES
Chanakya MudrakPvt. Ltd. is a small enterprise. It has only one operation
centre all over India and therefore its officials are also limited. The company
has one outlet through which it operates all of its functions and departmental
work. It has mainly four personal who are currently dealing with the main
sections of the organization. They are:
Mr. INDER KUMAR ARORA (Founder and Director)
Mr. PUNEET ARORA (Head of Marketing and all business operations)
Mr. KUMAR SUMEET (Sr. Manager Business Development)
Mr. MANOJ BAGHEL (Sr. Manager Marketing and Operations)
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4.2 ORGANIZATIONAL STRUCTURE
The company follows the following organizational structure:
DIRECTOR
ACCOUNTS MANAGER
HEAD
Sr. MANAGER BUSINESS
DEVELOPMENT
PRODUCTION HEAD
PRODUCTION WORKERS
Sr. MANAGER MARKETING AND
OPERATIONS
FREELANCE DESIGNERS AND
COMPUTER OPERATORS
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4.3 PRODUCTS AND SERVICES
The company basically deals with all types of products that can be generated
through paper printing. That is all the products related to paper printing, right
from creating a bookmark to that of huge posters. Even though they deal with
lot of offerings, they are mostly concentrated towards corporate houses and their
branding requirements and since their clients are only MNC’s they have
specialized themselves in creating top class products like:
Business cards
Marketing collaterals
Corporate brochures
Corporate invites
Flyers
Letter heads
Hard bound and mounted posters (Different sizes)
Customized notebooks (for corporates)
Booklets
Menu cards
Tent Cards
Envelopes
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4.4 GEOGRAPHICAL SPREAD
Chanakya Mudrak Pvt. Ltd. is located in Kirti Nagar, New Delhi. They have a
single outlet through which they continue with all of their operations. The
production and the corporate handling is done at the same time through the
same outlet. The departments are segregated in their own way and the various
functions such as marketing, designing, production etc. are all continued at the
differentiated divisions in the same office campus. Even though they have a
small working place, their superior quality and unique offerings are appreciated
by the top MNC’s, and therefore they have clients at different places of the
country and at the same time abroad as well. They are handling relationships
mainly at places such as Gurgaon, Noida, Bangalore, Mumbai, Japan and
various others places at small scale.
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4.5 MARKET SEGMENT
Chanakya Mudrak Pvt. Ltd. contains a very rare technology in the industry and
thereby are able to produce fine quality printing works. But with quality and
class comes higher costwhich is why they turned to go very choosy while
selecting their clients. At present they deal with MNC’s only. As of their
previous experience, affordability check is a must. Smaller companies do order
but fail to repay their work, and therefore they have opted to choose only those
clients who, according to them, would have the ability to pay their charges.
Thus they deal with only the top notch MNC’s, located in the country. They are
more reliable and perceptually show more decency towards paying for the work
they assign. The company’s targeted market segment is very small and they do
not go for all the industries, only specifically. They even look at their client’s
ethical approach and prefer them to be positively displayed. They have a very
few clients, but good ones, and they prefer it to be that way.
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4.6 MARKET SHARE AND TURNOVER OF THE COMPANY
Chanakya Mudrak Pvt. Ltd. is constituted of a very costly and rare technology
of digital-offset, considering the entire printing industry. There are very few
players who hold the same and thereby in accordance with the market these
printers deal in, the company has 50% market share. But if compared to the
entire printing industry, which has uncountable number of printers, than
ChanakyaMudrak would only hold the slightest of shares, just like the others.
The company does not allow sharing of their annual turnover but it is somewhat
near 1-4 crores.
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4.7 POSITIONING OF THE COMPANY
Chanakya Mudrak positions itself as exclusive printers who could be used for
only special purposes and special requirements and offer a variety of products
with the most superior quality, differentiating themselves in the way they are.
They are well aware of what they can do with their technology and use this as a
weapon to create a unique name in the industry. It offers its products to only the
elite class of organizations and thereby presents as sophisticated and respected
printing firm.
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4.8 FUTURE PLANS FOR EXPANSION
Chanakya Mudrak currently has no such plans of expansion, but yes in the near
future they have plans for extending their range of products and if possible set
up new production houses for a huge market coverage. This would not merely
afford them new clients, but will likewise breed different ways of serving them
and at the same time increasing their capability to create.
They are also creating an online site of print products, which accepts B2C
clients or individual clients having specific requirements. It collects orders from
normal public and delivers the final product to them. It is a fully active concept
with the name of Inkflap.com. Furthermore, they might provide their solutions
to other parts of the country, than that of the ones they are dealing now (Delhi
NCR, Bangalore, Mumbai).
Rest of the decisions shall be taken with necessary time and situation to play its
part.
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4.9 THE REVENUE MODEL
Chanakya Mudrak has a well-planned and unique revenue concept. They have a
unique technology to play with and which is why they have their own way of
creating their prices. They name their products with price, depending upon the
type of specialization that is preferred by their clients. They have a variety of
components that can be altered in a certain product, in order to give better and
better quality and each of them have been given specific tags in order to
compensate for the cost that they have to bear for producing those
alterations.But before outlining it for the company, it is important to understand
what a revenue model has to speak about.
A Revenue model is a framework for generating revenues. It identifies
which revenue source to pursue, what value to offer, how to price the value,
and who pays for the value. It is a key component of a company's business
model. It primarily identifies what product or service will be created in order to
generate revenues and the ways in which the product or service will be sold.
Without a well-defined revenue model, that is, a clear plan of how to generate
revenues, new businesses will more likely struggle due to costs which they will
not be able to sustain. By having a clear revenue model, a business can focus on
a target audience, fund development plans for a product or service,
establish marketing plans, begin a line of credit and raise capital.
Thus Chanakya Mudrak had a clear vision of what they wanted to become, what
they wanted to create, how much they wanted to earn, how they wanted to serve
their clients, what kind of clients they wanted to have and so on. Thanks to Mr.
Arora (Founder and Director), the company was always able to keep their vision
alive, and made changes with lot of patience and intelligence.
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The company had a vision to create something unique and superior to rest of the
players in the industry. They wanted to create high quality products for the
country. Mr. Arora always wanted his company to have an exclusive outlook
and wanted to serve the best companies of the world.
Now with the new technology they only target the top MNC’s of the country.
The company selects its clients very carefully and is even not interested in top
Indian organizations like Reliance because of various un-disclosable reasons.
Their technology has a high cost and therefore their solution are expensive as
well, which is why they are quite choosy when it comes to selecting their
customers. Their market segment is also restricted towards few of the industries
like engineering industry as because of specific reasons. They go through a
complete check on a company and its industry, especially regarding their
affordability and requirement for such high priced paper branding.
In order to collect the amount of revenue they expect, they have made various
options available for their products which are of-course tagged with different
prices. For example: They facilitate their customers with various types of papers
in which they can get their requirements printed on. These are like Matte, Gloss,
Butter Paper etc., and each of them priced differently. On top of that they even
provide the option of altering the weights of the paper as well, like 250gsm,
300gsm etc.
They have strategized about, what amount of revenue (not disclosed) they want
to generate and which are the companies they will be targeting, their present list
of clients, and what all to offer them.
The company is self-funded (i.e. without the help of any investors) and
therefore they are well aware of their capability of any future investment, and
are performing accordingly. They wish to become the market leaders, among
the same technology holders and are in a verge of reaching that point.
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4.10 INITIATIVES TOWARDS CUSTOMER SATISFACTION AND ITS
IMPACTS
Satisfying their customers have always been the most important factor of
concern for them. They did not merely want it at the beginning but are still
trying for innovations. It was their own will to try and satisfy the biggest
companies of all time, with their products and thus kept on reinventing in order
to accomplish their own mission.
They went through a series of transformations in order to give their customers
the best in paper printing.
The most important of all steps was to bring in the digital-offset technology. It
made them capable of producing fine printed products. It had a huge impact as
they were not only able to attract high profile companies but also helped them to
turn it into good relationships, with their soothing product offerings. They never
disappointed their clients and always gave them something more than their
expectations.
And so again, the introduction of snowing was indeed an act, performed to grant
their customers more options along the extent of specialization they want for
themselves.The technology diversified their products and made them capable of
attending to their clients with even more choices than before, and thereby
satisfying them at every step of modification they prefer to have.
They also perform a 4-stage quality check before delivering the final output and
this has helped them to maintain a consistency in the quality of their products.
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4.11 THE SCENARIO OF FUNDS
Chanakya Mudrak was self-funded from the beginning. Mr. Arora did take help
from his family and friends, in order to raise the amount of money required to
create the company and also to sustain it. He even joined hands with two other
business partners at a time for better administration and better funding. But
since it did not work out the way it was planned, Mr. Arora, once again, started
operating all by himself.
The company had to face a huge financial crisis, at one point of time. They had
to struggle a lot, because of shortage of funds, to perform their operations or
install new machines. They had to wait for a long time in order to get what
wanted. They even went to the banks whenever it was required and thus
collected enough for their plans. They were ultimately ab le to make a real
change and pushed the paddle a little more for the others to follow.
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4.12 STRATEGIES AND MODELS ADOPTED BY THE COMPANY FOR
BUSINESS SUCCESS
Chanakya Mudrak has adopted various strategies and models in order to achieve
success and attain a commendable status for themselves. This are discussed as
follows:
The company at first dealt with a conventional system, having an old model,
one-colour printing machine. They ran their operations with it for a long time
even though new machines were starting to flood the markets and its players.
Their funds were limited and it did not allow them to get a new technology for
themselves and they were stuck to offset printing with a slow output rate and
common customers with small requirements until 2006. They always wanted to
be the best, unique and a respected organization and in 2006, they finally
installed the digital-offset technology which made them the third company in
the entire nation to do it. This gave them a great competitive edge on allowed
them to change their market segment to ad agencies with more specific and
specialized requirements. It helped them grow to a huge extent and at the same
time were able to earn more than they did before with the old technology. They
started printing more quality products and was appreciated by their clients that
came to them which gave them the confidence to change their way of producing
and dealing with their customers.
Again after digital-offset, theyintroduced a technology called “snowing” for the
first time in India, in the year 2013. It was a technology that revolutionized the
entire concept of printing. The technology was basically a print enhancement
process which was able to give very fine definitions to the printed products. It
was capable of giving special effects to the printed documents like no other.
Chanakya Mudrak always wanted to perform printing in a specialized manner
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and snowing gave them the very reason to start with the same. It was a total turn
around for them and helped them switch from agencies to MNC’s. It helped
them to create a different image about themselves and transformed them from
mere offset bulk printers to that of a specialized one. They started marketing
themselves in a particular manner and it started giving them good results and
are now able to deal with big clients, producing classy products for them.
They also installed a 4-stage quality check model into the organization in order
to make their products completely free of errors before delivering them to the
customers. The customers generally share their designed files with the company
and they get it printed for them, but most of the work of aligning their files and
giving it customary snowing effects was to be done by the organization’s
specialists. Therefore it is necessary for them to have a thorough check on the
products before the delivery is made. Thus this 4-stage quality check requires
the final product to go through a series of tests and supervisor’s approval before
it is dispatched. This procedure has facilitated them to create more dependable
quality and more polished products and as a consequence, they are getting their
clients happier and are indeed able to construct their relationship with them,
stronger than earlier.
Chanakya Mudrak has also come up with an online site called Inkflap.com, in
order to reach out to the common people who has special and individual
requirements. The company looks at only B2B serving, but with Inkflap, they
are making it more of a B2C platform.
Minor strategies and reformations are implemented as to when and where
required, and they would also change again if they are given an opportunity to
tune up with better technologies and gain a more exclusive market for
themselves.
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4.13 CORPORATE SOCIAL RESPONSIBILITY
The company is a small enterprise, they do not perform any CSR activities.
According to government rules, companies must perform an act of CSR if they
fall into a certain category. But Chanakya Mudrak is not under any government
enforcement to perform CSR as they do not fall into that category either. They
might perform if they require or if they willto but at present there is no such
activity performed.
The company however produces products which is helping the physically
handicapped public, to get more educated. They print readable booklets for the
blind. Using their technology they are able to print brail scripted writing onto
normal paper and are making it available at many outlets all over the country.
At present they are workingwith NCERT to print books for the blind children.
Therefore it can be said that even though they are not eligible or might not need
to perform any kind of CSR activities, they are doing their part for the society,
with their work being filled with wisdom. They have taken up the technology
and has used it for a noble purpose and which is why, the public could not ask
for any more service than that of the one they were already serving.
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4.14 HUMAN RESOURCE PRACTICES
Chanakya Mudrak does not have a separate department for human resource
(HR) practices. They organise their Hr activities all by themselves. They have a
separate agency that helps them out whenever they want a new employee for
themselves. They shortlist the candidates themself and interview them as well.
Moreover they are a small enterprise, which is why they don’t require much
employees. Their current employees are quite well performing and are loyal to
their work. The company, even without a separate HR department, fulfils all the
required terms and conditions for their employees to be satisfied.
Some of the factors that requires discussion are mentioned as the following:
4.14.1 ATTRITION RATE
In order to describe the attrition rate of the company, it is important to explain
the concept of the same.
A common attrition rate definition refers to employee or staff turnover, but in a
broader sense, attrition rate is a calculation of the number of individuals or
items that vacate or move out of a larger, collective group over a specified time
frame.
Attrition rate is also commonly referred to as churn rate. A term often used by
human resources professionals to determine a company’s ability to retain
employees, attrition rate is increasingly used in the marketing world as a figure
that points to the company’s ability to retain customers or to project the number
of new sales necessary to maintain the status quo, accounting for customer
churn or customer attrition.
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4.14.1.1 Calculating Attrition Rate: The Attrition Rate Formula
It’s actually quite simple to calculate attrition rate. It’s generally expressed as a
percentage of customers and typically on a monthly or annual basis.
To calculate your customer attrition rate, use this simple attrition rate formula:
Number of customers lost by the end of the period divided by the total number
of customers at the beginning of the period.
So now, to calculate attrition rate for Chanakya Mudrak Pvt. Ltd., it hasnear
about 100 customers at the beginning of the year and 95 customers at the end of
the year, the attrition rate formula would be:
Number of customers lost: 100 – 95 = 5 customers
Number of customers at the beginning of the period: 100
Attrition rate formula: 5/100 = .05 or 5%
Attrition rate is a complimentary figure to retention rate, which refers to the
number of customers retained during a given period, and to customer
acquisition rate, which refers to the number of new customers acquired during a
given period. The three figures together should equal 100 percent.
4.14.1.2 Advantages of Understanding Your Customer Attrition Rate
It’s so simple to calculate attrition rate that it may seem an unimportant figure.
But to most businesses, keeping track of customer attrition rate is a key success
metric. In fact, in most verticals it is more profitable to keep current customers
than it is to acquire new customers.
There are exceptions to this rule; for example, companies that rely on a
membership business model may make more money on new customers through
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a higher sign-on rate than they do with recurring membership fees. In these
cases, customer acquisition rates may be more significant to the company’s
bottom line.
In any case, companies that calculate attrition rate and monitor changes over
time are able to pinpoint weaknesses and identify areas in which improvements
can be made in order to increase customer retention and reduce customer
attrition. Additionally, customer attrition rate is a valuable metric often used by
sales teams to determine sales goals for the next month, quarter, or year,
offering a figure on which to base the number of new sales required to maintain
profitability.
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4.14.2 INITIATIVES TOWARDS EMPLOYEE SATISFACTION
The company has taken various measures to ensure employee satisfaction, such
as:
1. They intend to revise the salary packages of their employees every year
and make necessary changes if required.
2. They have maintained their workplace in a beautiful manner so that their
employees are happy working.
3. The working conditions are suitable and are maintained with appropriate
decency.
4. The employees are given all the possible facilities and leverage to
perform their tasks independently and without any external hindrance.
5. The company has a great environment and operates in a quite friendly
behaviour between all of their employees, as all are well acquainted with
each other.
6. The senior executives are quite liberal and allows its employees to have a
special permissions for urgent leaves whenever required for a justifiable
reason.
7. The employees are also given trainings to specialize them on the work
they are performing as well as to motivate them for higher performance.
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4.14.3 RETAINING OF THEIR KEY EMPLOYEES
Retaining of employees have never been that much of a problem for the
company. The head, Mr. Puneet Arora and Director, Mr. Inder Arora are quite
open when it comes to sharing the company’s status with its employees and thus
they are free to quit whenever they think would be right. This behaviour has
earned them loyal employees rather than losing them at the time of crisis. They
have always been able to maintain their talents and have utilized them to get the
maximum. They have also made the right adjustments, understanding the talents
and capabilities of their employees, and have been able to assign them with the
right work.
Therefore it is made quite clear that, even without a proper HR department to
function, the company have performed wonderfully, when it comes to taking a
look at their practices, that is, with respect to human resource.
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4.14.4 EFFECT OF TRADE UNIONS ON THE BUSINESS
A trade union or labour union is an organization of workers who have come
together to achieve common goals such as protecting the integrity of its trade,
improving safety standards, achieving higher pay and benefits such as health
care and retirement, increasing the number of employees an employer assigns to
complete the work, and better working conditions. The trade union, through its
leadership, bargains with the employer on behalf of union members (rank and
file members) and negotiates labour contracts (collective bargaining) with
employers. The most common purpose of these associations or unions is
"maintaining or improving the conditions of their employment".This may
include the negotiation of wages, work rules, complaint procedures, rules
governing hiring, firing and promotion of workers, benefits, workplace
safety and policies.
Chanakya Mudrak, since is a small enterprise, constituting a very few number
of employees, it is away from the concept of union bodies. Its employees and
workers work freely and contact the head or their reporting officers directly
whenever there is a requirement of any type. But if there are any sort of changes
made by the government on the labour laws or any other sorts of acts related to
the corporate or production, it might directly or indirectly effect the functioning
of the organization, but they always make sure that nothing of such kind
happens.
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Chapter 2
(ON THE JOB TRAINING)
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5 OBJECTIVE OF TRAINING/INTERNSHIP
The main objective of the training was to find out prospect clients for the
company and familiarize them with the work and technology they deal with.
This was to be done with the help of a thorough research at the beginning,
keeping in mind the various aspects the company looks into and thereby had to
configure which companies could be helpful. Chanakya Mudrak is interested in
delivering services to organizations from specific industries, which is because
of their past experiences with them have been good unlike the others. Therefore
the training was mainly focussed on clients from these industries only. The next
step was to find out all the details of these organizations, where they exists, their
contact details, Head office addresses, etc. and the data was to be compiled in a
sheet. It had to be correct and perfect before moving on to the next step. Now if
a certain company(MNC) is short-listed, I had to look for their Marketing
department, whether it exists in Delhi NCR or not, and the list was divided
according to the places of their establishments. Once this was done, the
marketing officials were to be contacted and explained about our concept and
then fix up appointments with them if they are interested. If they will to spare
their time, we go on for a meet-up, talk to them, and present our samples with
an intension to build up a business relationship with them.
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6 DETAILS OF WORK ASSIGNED
The research of these prospect clients was to be done online, at various
websites, wherever their data was made available. These websites would give
me their name, what type of industry they fall into, their address, reception
numbers, products and services they are dealing with and their website. Finding
out the correct company was the biggest hurdle of all as the industries
prescribed had a very few good names to be tracked. Above all the company
had already approached most of the organizations from these industries which is
why it was even harder to find out a name that met their terms and conditions
and thereby was a key result area for me, which I needed to take care of.
Again, before putting a name into the list, it was to be confirmed whether the
marketing departments of these organizations existed in Delhi NCR or not and
furthermore who is the marketing manager/brand manager of that organization
as they were the concerned designations with whom I needed to get in touch
with.Therefore finding out the right contact person was another key result area
for me.
Once all of this was done and the sheet was compiled with all the data collected,
the process of calling and confirming was important. The calls were made to the
board line/reception numbers and for them to receive the calls was certainly an
act of luck. Once they did, I would confirm whether the contact number
belonged to the company’s corporate officeor not. If yes, the next step was to
confirm about their marketing department. If the number is of the desired place,
I would ask for them to connect me to the concerned person I’m looking for.
Finally if all of this was facilitated, I would talk with the concerned person,
introduce him to Chanakya Mudrak and talk about its unique technology and its
offerings. Speaking to these marketing officials was the last important result
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area, and the most important barrier to cross over, as finding them available for
a sales call was indeed a tough task. The concerned person, if interested would
provide us with an appointment in order to check whether our offerings could
be of any use for them. On top of that they had to check for their affordability as
well, since our offerings are expensive than the rest of the players in the market.
If they would find it suitable than they would be giving us their requirement and
at the same time their designed work which we would get printed for them.
These were the concerned areas I needed to look after and right from that of
finding a prospect client and to that of talking to their high end marketing
officials and fixing up appointments, the entire process revolved around the
amount of meetings I was able to fix as dealing with these officials, speaking
with them live and offering them our products and services as per their
requirement would give the maximum learning out of all the worked processes
and therefore it was important for me to find these companies and reach out to
their marketing officials as quick as possible as for more number of companies
that gave us appointments, the higher would be my learning.
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7 ACTIVITIES DURING THE PROJECT
The overall work for me remained same all through the period, that is collecting
information of probable clients and approaching their marketing officials in
order to introduce the new technology called “snowing” and fix appointments
with them in order to showcase our work and present the type of technology we
deal with and what quality can we deliver them and thereby orienting ourselves
to build a business relationship for future transactions.
The activities performed are discussed week wise, as follows:
First Week
On the first week, I was introduced to the company, its products and services,
and was explained the work I needed to do. I was asked to make a plan about
how I was going to perform. I was given a excel format where I needed to place
all the data collected. I had to research and shortlist and then call. 40 companies
were listed and calls to 60% of them were been made. Research was to be
continued till the end of the term and calls were to be made till I could reach out
to the concerned person and learn about their view point on the new technology,
and organize appointment if they seemed to be interested, and so I kept on with
it.
Chanakya Mudrak and its members were also creating an online site for paper
printed products, and they had a promotional activity at mall of India, Noida. I
was asked to participate which I did and indeed was a great experience.
Second Week
The second week was crucial. 70 companies were listed and calls to 100% of
them were made. I was fortunate to be able to fix up an appointment with the
marketing head of JSB group. The meeting went successfully. I also visited
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three other companies who is on our potential client list and collected the
required information from them. Research and calls continued for the rest of the
days.
Third Week
By now I had a pretty fare idea about the job I was assigned. I knew how the
things work out in the entire process and was pretty confident what I needed to
do next. This week was spent on a thorough research on maximum no of
companies and their marketing officials and making the list of clients more
filled with opportunity. Calls were made but it was not easy to reach out to the
company officials easily, and therefore I had to continue with my job
performing patiently.
Fourth Week
By this week I was able to contact few of the companies and the list created was
rechecked by my supervisor, and the ones that were not matching with the
qualifying criteria, were omitted. The list was now complete and strong to a
great extent and it was finally starting to give results. I was able to fix up two
more appointments with the marketing managers of two renowned companies
(names of which are not allowed to be disclosed) and the meetings were
conducted successfully. We visited these organization and completed our
formalities, presenting them with our works. I was governed by my supervisor,
Mr. Kumar Sumeet, who was always there to help me out, took control of the
proceedings.
Fifth Week
In this week, the list of clients were reduced to 60 and calls to 100% of them
were made. Companies from which we had received a better response were kept
and therefore it was now more focused and selective form of the previous list. I
was able to fix one more appointment with the marketing head of a renowned
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company (name of which are not allowed to be disclosed) and have already
made our proposal in the meeting. The meeting went wonderfully and we
performed all our required tasks. Sir was always there to back me up and come
with me to attend those meetings. I also visited 2 other companies who is on our
potential client list and collected the required information from them. Research
was now slowed down and focus on the already created list was more. Calls
kept on going on for the rest.
Sixth Week
The list of clients was stabilized at 70 now and calls to 100% of them
weremade.I was able to fix one more appointment with the senior marketing
manager of one renowned company (name of which are not allowed to be
disclosed) and was successfully able to attend the same. I also visited3 other
companies who is on our potential client list and collected the required
information from them. Calls were continued. I had assigned myself a certain
amount of target, on the companies I would be fixing up appointments with, and
started to work on it as the term was gradually coming to an end.
Seventh Week
The list of clients were stabilized at 75 now as 5 more companies were included
and calls to 100% of them were made. Fixed four more appointment with the
Senior marketing managers of four renowned companies (names of which are
not allowed to be disclosed). The meetings were fixed for the eighth week and
the appointments were scheduled from 20thto 23rd respectively. I also paid a
visitto Gurgaon where I could collect information from 6 other companies who
was on our potential client list and collected the required information from their
corporate offices. Research on new companies were completely paused by now.
At the end of the week I was almost done with the work on my list of clients as
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next week I had to visit the corporate offices for which I needed to move
directly.
Eighth Week
The meetings fixed were successfully attended and formalities were performed
along with the presentation. I also submitted all my work that I had performed
along with their status and handed it over to my supervisors along with all my
research data and follow up requirements.
The activities performed have indeed given me a huge amount of knowledge
and learning. By the end, I was also able to learn about the company’s history,
and experience a few enjoyable moments with all the employees, especially my
supervisors, Mr. Kumar Sumeet, Mr. Manoj Baghel and Mr. Puneet Arora.
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8 KEY OBSERVATIONS AND FINDINGS
At every step of my work, I had a different learning but there are few key
observations that I could make regarding the various aspects involving my
work. This are as follows:
1. The details and information regarding many multinational companies.
2. The details regarding various officials with respect to the companies I
was tracking.
3. Was able to collect knowledge about the entire process of cold calling.
The various timings preferable for calling MNC’s, in an Indian market.
4. Which officials are to be contacted with respect to the different industries
keeping in mind the prospect for which I have to approach them.
5. How to reach out to the high end officials from the prospect of a sales
call.
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9 CONCLUSION
Chanakya Mudrak has an interesting way of operating their various tasks and
provided me with all sorts of knowledge and learning. The company even after
coming up from a huge financial crisis, performed really well at the latter half.
Its unique technology is a strength for them to push beneath the walls. They not
only familiarize me with corporate environment but also allowed me to perform
various other extra-curricular activities related to their requirement, which not
only boosted my confidence but also helped me in relating my works to the type
of career I want.
The work that I was assigned included hard core corporate selling and all the
processes related to it. Basically from the very point of searching for eligible
clients and approaching them with our products and finally meeting them for
proposing a business relationship, all the tasks needed outmost care in order to
handle them successfully. A proper research requires an in depth study of an
industry and then the targeted company. I was able to learn about how a new
market or new client can be developed, how the follow up processes are to be
performed and how a high end corporate official needs to be handled.
I consider myself fortunate enough for having been able to get such an
exposure. The following are some of the key highlighted points:
9.1 ANALYSIS OF FINDINGS
The information regarding the various corporate offices of the MNC’s I was in
touch with, was important and gave me an overview of the types of the
companies and what are the places they are located in the country and also
regarding their origin. The process of calling explained to me the way how one
could reach out to the corporates at the beginning of a proposal. I got an idea of
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the timings at which these corporates are more likely to answer and it was from
10.30am to 12.00pm in the first half and from 3.00pm to 4.30pm in the second
half. Rest of the time they are more likely to reject such sales calls. This is
because of various factors that are to be considered. You need to take a look at
the place where the company is situated, which gives a fare idea about the mode
of transport for its employees and what time they are likely to have been settled
in their offices in order to say yes to a forwarded sales call. Again lunch breaks
tend to go on for a little longer when it comes to corporates. Thus 3.00pm is an
ideal time to catch these officials.
Every type of company has different officials to look after tasks like printing for
their organizations, and these departments change from industry to industry. For
example, generally a marketing manager looks after the printed requirements of
a consultancy in the service industry, while a purchase manger looks at the same
field for a hotel in the hospitality sector.
Again it is important to speak, what these corporates wants to hear, in such a
small time which they have to offer for us. Therefore it is important to keep all
the words in order and in the perfect manner so that the receiver is not irritated
and at the same time we are able to create a certain amount of curiosity in their
minds for the products we are trying to offer, keeping in mind the information
we want to share and response we want to gather.
Thus it is important to analyse all these factors and processes for the final
process of meeting to be conductedsuccessfully.
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9.2 INTERPRETATION OF TRAINING OBJECTIVE
The job was assigned to me for learning the corporate world and how the
process of corporate selling actually occurs and to teach me what are the
relative processes that are to be conducted hand in hand for making the sale
possible. It was given to teach me how to deal with a high end official face to
face or over phone and learn about their interest in the projected phenomenon. It
also gave me knowledge regarding the way I need to alter myself according to
their needs and requirements, keeping in mind the capabilities of the
organization I’m working for. The process of calling gave me a the opportunity
to learn the Indian market and the behaviour of the officials that are related to
these companies and how do they actually work and what exactly do they prefer
for their organizations and how do they want these preferences to be
implemented.
The objective is no doubt completed as it indeed gave me the knowledge about
all these factors.
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10 LIMITATIONS/ CONSTRAINTS FACED
The company gave me a lot of learnings but there were few limitations to my
work as well. These are:
1. Reaching out to the targeted companies through their board line numbers
was indeed a hard task to perform as most of the times the calls were not
received or were not directed to the concerned person.
2. Research performed took a lot of time as it was not easy to find out the
details of the companies.
3. Chanakya Mudrak had their own policies and my job was to be
performed under its jurisdictions which made the job even more
challenging in nature.
4. The officials of the company, operating under a certain designation are
hard to find, and at the same time hard to reach out as well.
5. Fixing of appointments require the right prospect and some companies
already have their vendors with whom they are happy with and thereby
turns out to be the reason for rejections.
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11 RECOMMENDATIONS/SUGGESTIONS
Chankaya Mudrak have taken care of all the matters related to their company
expertly. Still as a requirement, I would like to suggest the following:
1. The company has a huge potential and their technology has a high
demand in various parts of the country. Since they are working from a
single unit now, I would want them to expand their branches in other
parts of the nation as well.
2. The company has a variety of products to offer and I would want them to
keep reinventing new ones just like they have always done. There are
some related products of their own which can be capitalized upon in order
to provide their clients with greater options and fulfil some more of their
requirements.
3. The company is no doubt doing well in its operations but it would be of
great use if they start working on their online marketing as well. This
would expose them to unknown markets that are yet to be cultivated and
might turn out to be of huge benefit for the organization.
4. It has the required number of employees now but is filled with an
opportunity to expand their own company departments. It can separate
out the various departments and also include new ones and employ more
number of workers and expand their organization to a whole new level.
5. The company can also create their own corporate office and set it up to
look after the corporate aspects and include a whole new unit for
production purposes. It would not only make things easier but also
specific and systematic in nature.
6. There are various companies that have the need and the ability to pay for
their solutions but are not tapped by the organization because they are
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hard to locate. A separate unit can be set up in order to deal with such
kind of companies.
7. The company can also build their interest on start-up’s, if they seem to
spend a lot on branding and marketing their products and services,
keeping in mind their ethical behaviour and ability to afford. Building
relationships with start-up’s at the time of their growth, could prove
beneficial for Chanakya Mudrak in the near future, especially if they have
a potential to succeed.
8. The company can even think of a horizontal expansion where they could
take to printing of other materials other than paper as well.
9. The company could also vertically expand and build separate units to
completely align their own supply chain, from the point of collecting raw
materials to that of delivering the final products to their customers.
10. At last I would like to suggest them to keep moving with the cheese,
which is with the market demand, just like they have always done. This
practice would continue to bring wonders and glory.
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12 MAJOR LEARNINGS
The major learnings are as follows:
1. I was to learn how to do a research online with specified requirements in
mind.
2. I was able to learn how to maintain data in specified formats.
3. I learned about the process of cold calling in an Indian market.
4. I could learn the important factors that are to be kept in mind before
calling a corporate office of a top notch MNC.
5. I learned about the various aspects that are to be kept in mind before
visiting a corporate office for collecting information or for work
meetings.
6. I was also able to gather an idea about the expectations of an offic ial
during a meeting and how we need to alter accordingly.
7. I also learned about professional behaviour which is to be displayed while
working for any company.
8. I was taught how to work respecting the rules and regulations and the
various policies of the organization I’m working for.
9. I learned about the importance of an organization’s culture, especially
while working for one.
10. Also in sales and marketing, relationship maintenance is very important,
both with clients and your co-workers.
11. Finally I could learn the most important lesson of all and that is how to
live a work life, how to handle your work and at the same time,
maintaining a healthy relationship with our seniors, colleagues and
juniors.
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13 REFERENCES
Websites:
Anonymous. Retrieved from www.linkedin.com.
Anonymous. Retrieved from www.Corporatedir.com.
Anonymous. Retrieved from WWW.sulekha.com.
Anonymous. Retrieved from www.fundoodata.com.
Anonymous. Retrieved from www.vesdata.com.
Anonymous. Retrieved from www.justdial.com.
Anonymous. Retrieved from www.indiamart.com.
Anonymous. Retrieved from www.adress001.com.
Articles:
anonymous. (2009). Selling to big companies. Retrieved from
http://www.success.com/mobile/article/selling-to-big-companies
Porter, J. (2012). seven secrets to cold calling success. Retrieved from
https://www.entrepreneur.com/article/224931
Books:
Tapan K. Panda, S. S. (2005). Sales and Distribution Management. India:
Replika Press Pvt. Ltd.
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14 ANNEXURE
ANNEXURE 1: PRODUCT AND SERVICE BROCHURE
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ANNEXURE 2: LITERATURE REVIEW
There were many areas that required for me to gain so depth in order to
perform my job properly, for example cold calling. In order to learn some
insights it was important for me to go through some of the articles online,
like that of: www.entrepreneur.com/article/224931, explaining the Seven
Secrets to Cold Calling Success. Then again I went through articles like
www.success.com/mobile/article/selling-to-big-companies, explaining the
concept of selling to big companies, in order to understand more about
corporate selling and personal selling.
The textbooks of few of the subjects were indeed helpful as well in order to
understand the behaviour, attitude and need of a corporate official.
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ANNEXURE 3: WEEKLY REPORTING FORMATS
WEEK 1
Weekly Report for Week ending __First_______
Application Based
Learning in
Respective Specialisati
on
Faculty Remark
s
Summer Internship Programme (On the Job Training /
Research Project)
Name: TrinayanThakuria
Company: ChanakyaMudrakPvt. Ltd.
Location: Kirti Nagar, New Delhi
Industry Mentor Details: Sumeet Kumar, Manager Business
Development
Faculty Mentor: Prof.Rinku Dixit
Project Title: A study on corporate selling and its relative processes
On the Job Training
Search for companies that could be our
potential customers and will be able to
afford our solutions and make calls.
40 companies are listed and calls to 60% of them have
been made. Research is still on
and calls are going on as well.
How to make
specific searches online and collect data. Also learned
how to make corporate calls under
specifications prescribed and pitch defined.
The
process of how a
company starts to market its
products and direct
them towards its customers
and make its sales.
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WEEK 2
Weekly Report for Week ending __second_______
Application Based Learning in
Respective Specialisation
Faculty Remark
s
Summer Internship Programme (On the Job Training /
Research Project)
Name: TrinayanThakuria
Company: ChanakyaMudrak
Location: Kirti Nagar, New Delhi
Industry Mentor Details: Manoj Baghel, manager marketing
and operations
Faculty Mentor: Prof.Rinku Dixit
Project Title: A study on corporate selling and its relative processes
On the Job Training
Search for companies that could
be our potential
customers and will be able to
afford our solutions
and make calls, organize
meetings and
present them with our
sample products
in these meetings and offer
them with our
products and thereby
make the sales.
70 companies are listed and calls to 100% of
them have been made. Had and an
appointment with the marketing head of jsb group, and have
already made our proposal in the
meeting. Also visited three other companies who is on our potential
client list and collected the required
information from them. Research is still on and calls are going on as
well.
1. How to make specific searches online
and collect data. 2. Also learned how to make corporate calls
under specifications prescribed and pitch
defined. 3. How to make professional
presentation of sample products and how to
deal with live professionals and offer them with deals.
4. How to evaluate a client’s interest and
how to make their requirements visible.
1.The process of how a company starts to market its
products and direct them
towards its customers and make its sales.
2.How to handle real world
professional corporates and make the sale.
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WEEK 3
Weekly Report for Week ending __Third_______
Application Based
Learning in Respective
Specialisation
Faculty
Remarks
Summer Internship Programme (On the Job Training /
Research Project)
Name: TrinayanThakuria
Company: ChanakyaMudrak
Location: Kirti Nagar, New Delhi
Industry Mentor Details: Sumeet Kumar, Market Development
Faculty Mentor: Prof.Rinku Dixit
Project Title: A study on corporate selling and its relative processes
On the Job Training
Search for companies
that could be our
potential customers and will be
able to afford our
solutions and make calls,
organize meetings
and present them with our sample
products in these
meetings and offer them with
our products
and thereby make the
sales.
100 companies are
listed and calls to 100% of them have been made. Also
visited few other companies who is on
our potential client list and collected the required information
from them. Research is still on and calls are
going on as well.
1. How to make specific searches online
and collect data. 2. Also learned how to
make corporate calls under specifications prescribed and pitch
defined. 3. How to make
professional presentation of sample products and how to
deal with live professionals and offer
them with deals. 4. How to evaluate a client’s interest and
how to make their requirements visible.
5. How to collect information from corporate houses,
whom to talk with.
1.The process of how a company
starts to market its products and
direct them towards its customers and
make its sales. 2.How to handle
real world professional corporates and
make the sale. 3. How to acquire
data for the purpose of market development.
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WEEK 5
Weekly Report for Week ending __Fifth_______
Application Based Learning
in Respective Specialisation
Faculty Remar
ks
Summer Internship Programme (On the Job Training /
Research Project)
Name: TrinayanThakuria
Company: ChanakyaMudrak
Location: Kirti Nagar, New Delhi
Industry Mentor Details: Sumeet Kumar, Market Development
Faculty Mentor: Prof.Rinku Dixit
Project Title: A study on corporate selling and its relative processes
On the Job Training
Search for
companies that could be our
potential customers and will be able to
afford our solutions and
make calls, organize meetings and
present them with our sample
products in these meetings and offer them
with our products and
thereby make the sales.
The list of clients
have been reduced to 60 now and calls to
100% of them have been made. Companies from
which we have received a better
response have been kept and therefore it is now more focused
and selective form of the previous list.
Fixed three more appointments with the marketing heads
of three renowned companies (names of
which are not allowed to be disclosed) and have already made
our proposal in the meeting. Also visited
2 other companies who is on our potential client list
and collected the required information
from them. Research is still on and calls are going on as well.
1. How to make specific searches online and collect data.
2. Also learned how to make corporate calls
under specifications prescribed and pitch defined.
3. How to make professional
presentation of sample products and how to deal with live
professionals and offer them with deals.
4. How to evaluate a client’s interest and how to make their
requirements visible. 5. How to collect
information from corporate houses, whom to talk with.
6. Various prospects of targeting customers and
prospecting clients in accordance with a company’s offerings
and willingness to associate.
1.The process of how a company
starts to market its products and
direct them towards its customers and
make its sales. 2.How to handle
real world professional corporates and
make the sale. 3. How to
acquire data for the purpose of market
development. 4. How to target
customers in accordance with specialized
specification of the company and
its requirements which has to be fulfilled by a
company before we put them in
our prospect clients list.
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WEEK 6
Weekly Report for Week ending __Sixth_______
Application Based Learning in
Respective Specialisation
Faculty Remark
s
Summer Internship Programme (On the Job Training /
Research Project)
Name: TrinayanThakuria
Company: ChanakyaMudrak
Location: Kirti Nagar, New Delhi
Industry Mentor Details: Sumeet Kumar, Market Development
Faculty Mentor: Prof.Rinku Dixit
Project Title: A study on corporate selling and its relative processes
On the Job Training
Search for
companies that could be our
potential customers
and will be able to afford our
solutions and make
calls, organize meetings
and present
them with our sample
products in these
meetings and offer them with
our products
and thereby make the
sales.
The list of clients have
been stabilized at to 700 now and calls to
100% of them have been made. Companies from which we have
received a better response have been
kept and therefore it is now more focused and selective form of the
previous list. Fixed one more appointment with
the Senior marketing manager of one renowned company
(names of which are not allowed to be
disclosed) and have already made our proposal in the meeting.
Also visited 3 other companies who is on
our potential client list and collected the required information
from them. Research is still on and calls are
going on as well. Target of 10 total meetings have been
fixed and I am currently working on it to
achieve it before completion of SIP.
1. How to make
specific searches online and collect data.
2. Also learned how to make corporate calls under specifications
prescribed and pitch defined.
3. How to make professional presentation of sample
products and how to deal with live
professionals and offer them with deals. 4. How to evaluate a
client’s interest and how to make their
requirements visible. 5. How to collect information from
corporate houses, whom to talk with.
6. Various prospects of targeting customers and prospecting clients in
accordance with a company’s offerings
and willingness to associate.
1.The process of how a company
starts to market its products and
direct them towards its customers and
make its sales. 2.How to handle
real world professional corporates and
make the sale. 3. How to acquire
data for the purpose of market development.
4. How to target customers in
accordance with specialized specification of
the company and its requirements
which has to be fulfilled by a company before
we put them in our prospect clients
list.
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WEEK 7
Weekly Report for Week ending __Seventh_______
Application Based Learning in
Respective Specialisation
Faculty Remark
s
Summer Internship Programme (On the Job Training /
Research Project)
Name: TrinayanThakuria
Company: ChanakyaMudrak
Location: Kirti Nagar, New Delhi
Industry Mentor Details: Sumeet Kumar, Market Development
Faculty Mentor: Prof.Rinku Dixit
Project Title: A study on corporate selling and its relative processes
On the Job Training
Search for compani
es that could be
our potential customer
s and will be
able to afford our
solutions and
make calls, organize
meetings and
present them with our
sample products
in these meetings and offer
them with our
products and thereby
make the sales.
The list of clients has been
stabilized at 75 now and calls to 100% of them have been made. Companies
from which we have received a better response
have been kept and therefore it is now more focused and selective form
of the previous list. Fixed four more appointment with
the Senior marketing managers of four renowned companies (names of which
are not allowed to be disclosed). The meetings
are fixed for the next week and the appointments are scheduled from 21st, and
visits will be held hand in hand. Also visited 6 other
companies who is on our potential client list and collected the required
information from them. Research on new companies
is currently paused. Target of 10 total meetings have been fixed out of which 9
meetings are scheduled and I am currently working on it
to achieve it before completion of SIP.
1. How to make specific searches online and
collect data. 2. Also learned how to make corporate calls
under specifications prescribed and pitch
defined. 3. How to make professional
presentation of sample products and how to
deal with live professionals and offer them with deals.
4. How to evaluate a client’s interest and how
to make their requirements visible. 5. How to collect
information from corporate houses, whom
to talk with. 6. Various prospects of targeting customers and
prospecting clients in accordance with a
company’s offerings and willingness to associate.
1.The process of how a company starts to market its
products and direct them towards its
customers and make its sales. 2.How to handle
real world professional
corporates and make the sale. 3. How to acquire
data for the purpose of market
development. 4. How to target customers in
accordance with specialized
specification of the company and its requirements
which has to be fulfilled by a
company before we put them in our prospect clients
list.
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ANNEXURE 4: OTHER RELEVENT INFORMATION
1. The company does not disclose most of their information and because of
which some of the data as well as information was not provided in the
report.
2. The data collected for the purpose of research, was taken from various
online sites and was not allowed to share as well.
3. The product and service brochure is strictly confidential and is not shared
anywhere, therefore only a page of it, containing the products have been
displayed.
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ANNEXURE 5: MID EVALUATION REPORT
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ANNEXURE 6: FINAL EVALUATION REPORT
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15 APPENDIX 1-4
APPENDIX 1: IMAGES OF OFFICE AND WORK DURING SIP
Figure 1: Reception area/entrance of Chanakya MudrakPvt. Ltd.
Figure 2: Interaction with the head of the organization Mr. Puneet Arora.
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Figure 3: Learning at work with Mr. Manoj Baghel, Sr. Manager Marketing and
Operations.
Figure 4: Office during working hours along with my assigned table.
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APPENDIX 2: IMAGES OF OTHER ACTIVITIES PERFORMED DURING THE
INTERNSHIP PERIOD.
Figure 5: This is the box I created for the company for carrying their posters for
various activities.
Figure 6: Image of the stall placed in mall of India for the promotional activity
of Inkflap.com (the online printing site under Chanakya Mudrak), and I was
fortunate to attend the same.
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APPENDIX 3: IMAGES OF CORPORATE VISITS.
Figure 7: Image of a visit to some of the offices in DLF Cyber City, Gurgaon
(There were many visits made to the corporates located in Delhi NCR for
collecting information, as well as for meetings on the introduction of
“Snowing”, to the concerned MNC’s officials)
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APPENDIX 4: IMAGES OF CERTIFICATION CEREMONY.
Figure 8: Receiving of certificate and gifts from my Industry mentor, Mr.
Kumar Sumeet (Sr. Manager Business Development)
Figure 9: The marketing team of Chanakya Mudrak Pvt. Ltd.