Impact of Integrated Inventory Management Strategies on the Effectiveness of Business Performance

SCOPE OF THE STUDY:

The scope of study is divided into two different aspects, firstly the geographical scope and second is the conceptual scope. The geographical scope of the study confines to the Inventory Management mechanisms in Hyderabad business environment and conceptually it confines to the Integrated Inventory Management and their impact on Vendor satisfaction.  Geographical scope further confines to Pharmaceutical Companies in Hyderabad.

OBJECTIVES   OF THE STUDY:

The main research objectives are defined as under:

  • To understand the impact of Integrated Inventory Management strategies on the effectiveness of Business performance with special reference to Pharmaceutical Companies
  • To assess the impact of Integrated Inventory Management on the satisfaction levels of Vendors of Engineering items in   Pharmaceutical Companies
  • To explore the concepts and practices associated to Inventory Management at Pharmaceutical Companies.
  • To understand the relevance of theoretical aspects to practical implementation in improvising the productivity in an organization with regard to Inventory Management.

HYPOTHESES:

Hypothesis 1:

Null Hypothesis H0: inventory Management has a direct implication to business organizations in enhancing their operational efficiency

Alternative Hypothesis H1: inventory Management has no implication to business organizations in enhancing their operational efficiency

Here, null hypothesis is accepted.

All the variables show a significance association with overall satisfaction with Inventory management strategy and its impact on Business performance. Hence we can conclude that there is a direct implication of inventory Management on the business organization in enhancing its operational efficiency. 

Research Question

On the basis of the research objectives developed above, the main research question of this research study is developed. The research question is drafted as to what extent the Integrated Inventory Management has been supportive to enhance the operational efficiency of business organisation. The research study also seeks to provide answers to the following sub-research questions:

This research question is well defined and useful to provide a clear, direct path to the research work in order to achieve its aim and objectives in the most successful way.

Research Hypothesis

In this context, the main hypothesis for the following research study is defined and developed as under:

Null Hypothesis H0:  Integrated Inventory Management has a direct implication to business organizations in enhancing their operational efficiency

Alternative Hypothesis H1: Integrated Inventory Management has no implication to business organizations in enhancing their operational efficiency 

DATA COLLECTION

Primary Data: The primary data is collected from among the staff working in Inventory Management divisions at Pharmaceutical Companies Hyderabad with the help of questionnaire using 5 point Likert scale.

Secondary Data: The secondary data is collected from selected texts and Journals.

RESEARCH DESIGN:

 The Research design used for this study is partly descriptive in nature using secondary data and partly Exploratory in the form of primary data.

SAMPLE DESIGN:

a) Sampling Technique

Random Sampling technique and Area sampling was used for collecting data related to Integrated Inventory Management from   among the staff working in logistics and procurement division of engineering instruments in Pharmaceutical Companies.

b) Sample Size: Sample size is limited to 100 from among the employees working in Pharmaceutical Companies

c) Sample units: The staff involved in Inventory Management activities of Pharmaceutical Companies form part of the sample units.

 The staff working in Procurement department of five selected Pharmaceutical Companies such as Dr Reddy’s Lab, Mylan Pharma,Hetero Drugs, Aurbindo Pharma & MNS Laboratories Pvt Ltd  formed part of the Sampling units.

d) Sampling frame: The sampling frame is taken from Hyderabad based Pharmaceutical Companies Company.

A study on Equity Analysis with reference to Selected IT Companies

 STATEMENT OF THE PROBLEM:  

The study covers all the information related to the Equities it also covers the risk and returns in IT industry. The study is confined only one Sector i.e IT industry and the entire study is based upon their Stock prices for a period of last two years. The present study attempts to analyze the risk and return in the IT industry in the current scenario and attempts to give a well understanding to the investors regarding the investment in this industry.

 OBJECTIVES OF THE STUDY

  • To observe the rate of fluctuations in equity share prices of IT industry.
  • To determine the amount of risk & returns involved in the securities of IT industry.
  • To observe the degree of volatility in IT industry.
  • To understand the price fluctuations & the factors influencing the fluctuations of IT industry. 

SCOPE OF THE STUDY:

The Scope of the study confines to the risk and return analysis and price fluctuations in respect of the equity share prices of the major IT companies traded in the stock exchange for a one year period. The study aims to find out the factors influencing prices of the IT stocks.

Conclusion

The Study on Risk and Return Analysis of equity shares in IT industries was undertaken with an objective of getting an insight into the concept of investments, the risks and the returns involved. The study aims to determine the risk involved in the investments and the factors affecting the risk. The other objectives of the study are to observe the rate of fluctuations and the degree of volatility of the selected industries.

The study is confined to the IT sector and analyzed four companies – TCS, WIPRO, HCL INFOSYSTEMS and INFOSYS. The data of the only one sector – TCS, WIPRO, HCL INFOSYSTEMS and INFOSYS are collected. 

Business Analysis Report of Health Medical Insurance Company

Evaluation of company analysis is deals with financial performance and the status of the selected company by analyzing the stare prices, assets, liabilities etc., which shall enable investors to take decision on investing in shares of the particular company. In this Study the Health Medical Insurance Company is the organization which has been taken for evaluation and analysis of the company. 2018-19, 2019-20 & 2020-21 financial statements and stock movement in share market is been considered for analysis in this assignment.

Objectives of the Study:

  • To understand the concept of Company analysis with respect to financials.
  • To Analyze the Financial position of Health Medical Insurance Company.
  • To do data analysis & Interpretation which shall enable investors to take decision on investing opportunities.

Need of the Study:

Now a days the Investments in companies through stock markets has become prominent and individuals are investing their hard owned in stock markets and there are many cases of break even, loss gain etc., as the share market prices are not stable, and they fluctuate hence this type of analysis helps investors to take better decisions at the time of Investments. Hence there is need for this type of company evaluation and analysis.

Scope of the study:

The scope of the study is confined to Health Medical Insurance Company and there is no comparative study with any other company. The data from 31st December 2018 to 31st December 2021 is been taken for analysis. The financial and non financial data taken from their website and the scope was limited as the capital budgeting, expansion or diversifications, budget allocations after 31st December 2021 is not in the scope. The scope is all about financial and company related data available on website and other resources.

 Evaluation Methodology: 

Primary Data: The primary data is been collected from the company website, articles and journals etc., which are relevant for the study.

Secondary Data: The secondary data is been collected from Australian stock exchange and through other sources which are essential for data analysis and interpretation.

Review of Literature: There are multiple aspects involved in this study, they are financial and accounting concepts like ratio analysis, Share price fluctuations, WACC calculation, Capital structure, etc., and the other side evaluation techniques, Company profile, analyzing the data etc., needs conceptual knowledge and in literature review all concepts which shall help in finalizing the study were covered in this chapter.

Data Analysis & Interpretation: The Financial data of Health Medical Insurance Company is been analyzed by using accounting principles and the formulas which shall enable to do findings and the same shall lead to recommendations and conclusion and the same is been done under this chapter.

Findings: After data analysis there will be few points which outcomes of the analysis are Included in this chapter.

Recommendations: After identifying gaps or the findings, proposing the recommendations based on analysis and findings are covered in this chapter

Conclusion: This chapter contains a small brief about the study and its outcome and whether it is a right decision to invest in Health Medical Insurance Company or not and the current position of Health Medical Insurance Company and future scope of Health Medical Insurance Company are covered in this chapter.

Limitations:

In websites and financial statements which they publish are only consolidated ones where as detailed transactions of cash flows, funds flows, fixed assets and their values, variable assets and their values cannot be studied in detail to have further better understanding of the financial position of the Health Medical Insurance Company.

New Business Model for Diamond Jewelry Segment

Executive Summary

This society is diversified in all aspects. The Income levels of the people of India is been increasing which is enabling to increase in the buying capacity. The tastes and preferences are changing. The maximum individuals especially the women of India spend most of their money on shopping whereas the major spending goes into buying Jewelry.

The money spent on buying Jewelry can be treated in two ways and is social status and the second one is an investment. There are so many players who are in this business. This industry is been recording consistent growth of 5% every year. The government of India has identified the future boom for this segment and they have come up with wide range of initiatives like tax exemptions, liberalization of taxes etc., As foreign direct Investment has opened doors for the foreign players to invest their money in India.

There are different types of business models that came into the picture. Earlier there was only a traditional way of business where they will have fixed customers and Even the traditional customers if they have any function they prefer the only vendor whom they know but now a days the tastes and preferences are changing and traditional these traditional players could not cope up with changing environments. Now the trend is the retail business.

There are national and International players who are into this business. Every company has got its own business strategy, business plans, and models. In this study, I have gone through the various business models which are being adopted by various companies and there are a few players who are not coping with the change and they are getting into losses. In this study, I have proposed a  new business model which will help the existing players to cope with this and even it will help the new entrants of business people who want to enter into this diamond Jewelry business.

Introduction

India once is called the golden bird where we used to have a tremendous wealth of diamonds and Jewelers. India was a land for precious gems, diamonds, etc., world’s famous Kohinoor diamond was also born in India. Nowadays diamond jewelry has become fashionable and it is being considered a Prestige symbol and status signature. This trend is seen across the globe in almost all parts of the world. The increase in GDP and the Income levels of population of has created an urge to spend money towards luxury and the major contribution is from investing on diamond jewelry.

The economy of India has created a wide range of markets for diamond jewelry which leads to competition. There are so many national and international players who came into the business in India with huge Investments, new designs, and Models with sophisticated research & Development teams. The brand ambassadors of this segment are being paid huge.

This business in India is being done in two ways first is the old and traditional way where they have fixed customers and they do it in a disciplined way on a small scale where as when it comes the second model is a modern way where they educate customers on how to check the quality of the diamond etc., they invest huge amount of ambiance, quality staff, research, and development, etc., where they have to reap returns in this heavy competitive environment. There is an upcoming trend that is recording 5% consistent growth is the online purchasing of diamond jewelry. 

The rationale of the Study:

The way of doing business in the diamond jewelry segment is dynamic in nature in current business competition and the environment. Diamond jewelry is one of the segments which is playing important role in the Indian economy by contributing 7% of India’s GDP. The government of India has identified this segment as fastest growing segment in India and it has liberalized regulations in Imports and exports. We believe or not there are more than 500000 diamond jewelry players are there in India.

The gross exports of Diamonds and gems from India to different parts of the world are worth US$ 3.23 Billion. It is been estimated that there will be consistent growth of 16% per Annum consistently till 2022 in India. In spite of having available resources except for quality human resources, there are few players who are getting into losses and there are players who are game changers who work on strategies and they are being successful. Keeping in mind the facts and figures of the diamond jewelry market in India, I have chosen the topic: Business Plan for Diamond Jewelry. This has to help and it should be like a ready reckoner for new entrants as well as for the players who could not cope with the competition.

Objectives of the Study:

  • The major objective of the study is to identify, analyze and plan a competent business model which suits the Indian market
  • The Business Model should help traditional diamond jewelry businessmen to compete with the corporate brands
  • This Business Model has to help and it should be like a guide for new companies who want to step into the diamond jewelry business.
  • The Business model should be competent where it has to consider the fluctuations of the markets, season and un season with respect to different parts of India, customer buying behaviors of a particular location, changing customer preferences, etc.,
  • The key attributes which make the diamond jewelry business success

Scope of the Study:

The Scope of the Study is in India. The study consists of considering the existing models of business which are being adopted by corporates, traditional business men and the upcoming and successful retailers, online vendors, etc., The functional scope consists of considering almost all aspects of the business.

For retail business the scope covers the ambience, designs, models, staff, amenities, discounts, prices, events, etc., for online model it covers technical aspects and for traditional diamond jewelry business segment the current model which they are doing and the identification of gaps. The scope is huge as the objective is to prepare a competent business model which has to suit maximum number of entrants who are there in this business and who want to enter into this business.

Methodology:

The Methodology consists of Qualitative and Quantitative methods. The first one is a questionnaire-based model where the responses will be collected from the customers who buy diamond jewelry. This is a quantitative technique that I would be using in the project. The Qualitative technique is to observe the current business plans and the models of existing players.

The primary data will be collected from the different organizations that are in this business. The data will be collected from Corporates, senior leaders of the corporates, the traditional businessmen who are in diamond jewelry business. I’ll collect the data in a sequential way with a predefined questions which will be shared in final draft as it is tend to change from company to company and from person to person.

There will be additions and deletions in this set of questionnaires. The objective here is to understand exactly the mode of operations, business strategy existing and future etc., There is another set of questionnaire where the responses will be collected from the customers who buy diamond jewelry through various modes or at various stores or at various defined places or locations.

The secondary data will be collected through data analytics and statistics. The data will be collected from magazines, books, journals, and our academic concepts, etc., the secondary data mainly focuses on the strategies, theoretical knowledge, facts, and figures of the market and its analysis, etc.,

The Data Analysis part will be done by using statistical tools, and percentage methods for questionnaires from customers, and the final business plan will be derived based on responses collected from the business heads and representatives of different organizations and they will be compiled in line with the secondary data and finally, the business model or the Business Plan will be derived. This will be derived from the findings and conclusion as a part of the result of the Study.

Expected outcome:

The expected outcome is a Diamond Jewelry business model which is competent and which has to suit the Indian market which is domestic. In this project, I will not consider exports. This Model will be focusing on the domestic market which is a plan which has to help retailers, and traditional businessmen and coping up with online sales which is an alternative.

Project Report on Marketing Strategy for Launching Technical Writing Company

The market entry strategy of any new companies or products encompasses marketing services that are put together when a product is entering into a consumer market. These services can be delivered separately depending on the consumers’ or customers’ needs and stage in the globalization process. By using the proven market entry strategy framework assess whether companies should enter a market or not, why, and how?

Today customers we will look at how could be affected by the threat of new entrants in the market and how can use barriers to entry to deter new competitors. This is one of the forces in Michael Porter’s Five Forces model of industry analysis.

Any indication that a market is growing, under-served or predominantly profitable will generate interest from an industrialist who believes that there is money to be made from the market. Where the existing business is making good profits, an entrepreneur will see this as an opportunity too good to miss. So before ordering Porsche and move house to a ten bedroom mansion, we need to think what these signs of success are saying to the competitors.

Objectives of research

  • To study about the market entry strategies for technical writing and publications
  • To investigate potential target markets in India.
  • To analyze which types of people exactly needed for the new business.
  • To investigate competition among local companies and marketers

Need of the Study:

This Project is meant for Identifying the Potential of technical Publication Market in India and mapping the Marketing Strategy for Running or launching the Technical Publications Company in India. 

Problem Statement:

As we explore this topic in more details, it would be interesting to know what experienced technical writing professionals in the Indian industry think about the Indian market, when equipped with the necessary information about the Indian outsourcing market as was discussed earlier in this study. As it is an outsourced Business form from US, UK and European continent there will always be a fluctuation which needs to be considered while proposing a Marketing Strategy.

Conclusion:

The empirical data and analysis have shown an understandable market strategy for a new company to enter into India it may the foreign player starting business in Indian an Indian starting technical writing or publishing company in India . (The project is about a startup to be launched in India. It is not about a foreign company setting up a new company in India.) It is clear that technical writing companies are highly interested to enter the market where there is market demand and presently,  increasing human resource and technical efficiency light has a potential demand in developing countries.

To enter the market, technical writing companies prefer to get the govt. support, better business infrastructure, like if the company is started in IT special economic zone the company will get free infrastructure like power, transportation etc., along with service tax exemptions etc., and they can even get the quality human resporces. better market opportunity and customer demand of their product. Product price, labour cost, potential business partner and market demand are the key strategic objectives what technical writing companies should focus on.

Joint venturelike getting tie up with the established foreign technical writing companies where they can give works continuously as they will have the good client base is the most popular and safest entry mode when company wants to enter into developing market. To monitor the distribution channel and transaction cost should be done before entering into developing country. It is always best to know the market as much as possible and find out how major players conduct their business so that technical writing companies can take the competitive advantages after entering into the market. Finally, market evaluation is very important for technical writing companies to know what mistakes they have done so that in future company cannot make that mistake again.

The result of this research has discussed new theories and important knowledge which can be used by companies to choose the right market entry strategy and to reduce the risk in the future. However, our project is not the end of this study. We would call it as just the beginning of the further studies which should be done to establish the emerging theories and minimize the gap.

Recruitment & Selection Procedures at Staffing Firm


Statement of the problem:

The purpose of the study was to understand the behaviors as well as the techniques used in hiring candidates. Observations and suggestions were made so as to enhance the quality of the effort taken. Attrition and recruitment are directly proportional to each other whereas retention and recruitment are inversely proportionate. In the same manner, the cost of the company and attrition are directly linked with each other. The higher the attrition rate higher would be the recruitment rate in turn increasing the company`s cost. This problem will be analyzed during the course of the project

Objectives of the study:

1. To study and understand the methods and procedures used for recruitment & selection.
2. To understand the objective of the recruitment policy which is to be used to resource the best talent through internal and external sources to achieve the business objectives and goals of the Company.
3. To learn what the process of recruitment and selection should be followed.
4. To develop recommendations to overcome the barriers to the recruitment & selection procedures.
5. To get practical knowledge in employee hiring in the organization.
6. To give suggestions on the basis of the observations made during the course of project work

Explanation of the Method:

The methodology used to collate data will be primary as well as secondary.

PRIMARY DATA:

Primary data information on a first-hand basis will be taken. Personal contact will be made with the hires as well as with the candidates. The contact can be in all forms of communication viz. email, telephonic conversations as well as direct contact. The resumes will be handled and screened with the help of the project guide. This will give an in-depth knowledge of screening, reviewing, and sorting of resumes. Further with the help of various sources, the resumes will be taken into consideration for recruitment.

SECONDARY DATA:

Data will be collected from websites, going through the records of the organization. This will be the data that has been collected by the individuals for purpose other than those of my particular research study. Surveys will be done internally and externally to collect both primary as well as secondary data.

Questionnaire

Q.1) Organization clearly define the position objectives, requirements, and candidate specifications in the recruitment process?
Q. 2) Organization doing timeliness recruitment and Selection process?
Q.3) HR provides an adequate pool of quality applicants?
Q.4) HR team acts as a consultant to enhance the quality of the applicant pre-screening process
Q.5) Organization use effective process for the interview and other selection instruments, such as testing
Q.6) HR trains hiring employees to make the best hiring decisions
Q.7) HR finds good candidates from non-traditional sources when Necessary
Q.8) HR department’s performance in recruitment and selection
Q.9) HR Department is efficient in the Recruitment & Selection Policy of the employees
Q.10) HR maintains an adequate pool of quality “protected class” applicants 
Q. 11) The needs of the organization’s affirmative action, clarified and supported in the selection process

Study on Best Human Resource HR Practices in Software Services Company

PROBLEM STATEMENT

This study is conducted in Software services and it contributes to our understanding of human resource (HR) practice’s impact on organizational effectiveness.

OBJECTIVES:

  • To study the effectiveness of current hr practices in Software Services Company
  • To compare past and present HR practices in Software Services Company
  • To analyze if any new improvement is made in the new HR practices
  • To give proper suggestions for HR practices in Software Services Company
  • To analyze Software Services Companies to achieve their goals through best HR practices

 LIMITATIONS

  • Accuracy may not be possible (to compare the overall population, the sample size is less)
  • Mumbai branch alone is considered for the survey for Software Services Company.
  • The main limitation of the study is the lack of time.
  • Due to time constraints, the sample size taken for the study is small.

 TYPE OF RESEARCH

The topic for the research study is trends in HR and the nature of the topic is theoretical and descriptive. So the conduct the research study the type of research suitable is descriptive research only. The data are collected from company records, employees, and customers of the companies performing in IT and other sectors. The descriptive research has met the requirement of the research study.

SUGGESTIONS:

  1. The company should not consider political, economic, or social factors for recruiting employees. Hence the company will not lose talent.
  2. The company can provide more motivational activities for the employees. This may improve the performance of the employees.
  3. The company can recruit more women employees, as there are only a few women employed in the company.
  4. More relevant training programs should be given to the employees, as it helps in the performance of the employees.
  5. The career development of each & every employee could be monitored. Each employee can also be given counseling individually, as it may help in the career development of the employees.

 CONCLUSION 

The project study in “Best Human Resource Practice” at Software Services Company was to determine the Human resource practices of the organization.

Software Services Company provides the best performance appraisal for the employees which helps to improve the performance of the employee. The health and safety measures provided by the organization to the employees are found to be good for the organization.

The study provides valuable information about the Human Resource Practices of the company. From the study, it came to know that the human resource practices of the company are carried out in the best way.

The Impact of Compensation Management Practices on Job Motivation

Project Title:

The Impact of Compensation Management Practices on Job Motivation with respect to Private Bank Employees in Mumbai City-A Study.”

NEED OF THE STUDY

The study on compensation management gives brief information about employee compensation in the organization and explains the employee reward system and which determines the performance of employees in their work. The Rationale for the study is to design a suitable compensation package for employees that is Cost Effective and at the same time provides Job Motivation to Employees.

SCOPE OF THE STUDY:

The study focuses on compensation management in Private Banks in Mumbai. It gives detailed information on employee compensation based on their performance and employee levels in Private Banks.

This project is to study compensation management strategies & to evaluate the behavior & performance of employees in their work

OBJECTIVES OF THE STUDY:

  1. To Study the impact of compensation management on the performance level of Private bank employees in Mumbai.
  2. To know the various types of compensation provided by the company.
  3. To identify the satisfaction level of employees with their compensation.
  4. To Study the problems related to Compensation faced by Bank Employees and bring out suitable measures to solve them

RESEARCH METHODOLOGY:

Research Design: The Method of Research Design will be is both an Exploratory and Descriptive Study in Nature.

  • Sampling frame: The sample frame will be taken from among the Employees working in Private Banks in Mumbai
  • Sample size: The sample size will be around 100 Private bank employees
  • Sampling Procedure: The Sampling Procedure to be used is Random sampling since the Employees working in private banks will be chosen randomly.
  • Sample Units: The Bank employees of HDFC, ICICI, AXIS, and Kotak Mahindra Bank will form part of 100 Sample units
  • Period of the study: The duration of the project may be limited to 40 -50 days approximately

Data Collection Methods:

  1. Primary data: Under Descriptive research design primary data will be collected using a well-structured questionnaire that contains questions satisfying the objective of the Study.
  2. Secondary data: Under Exploratory Research, Secondary Data will be collected from among the following:

  HRM Journals, Textbooks, Journal on Labour relations, Websites Newspaper Articles, and other Published Materials.

Data Analysis:

Cross Tabulation, Graphs, charts, Percentages, and other suitable Statistical Tools such as Chi-Square may be used for Analysis

LIMITATIONS OF THE STUDY:

    1. The study will be undertaken among respondents residing in Mumbai city only.
    2. The Study will be undertaken for a period of 40-50 days
    3. The sample size is Limited to 100 only.
    4. The opinion of the Respondents may change during the post Research period

DIRECTIONS FOR FURTHER RESEARCH

The compensation level decision may be considered the most important one for individuals. In terms of both employee attraction and cost considerations, it is often considered by most managers as a primary consideration. Hence, this research has huge future scope to extend the benefits of Compensation to Bank employees. The Banking Companies by adopting suitable Compensation Management practices will help the employees to be motivated to perform better.

A Study on impact of HRM Practices in Selected Construction Companies in Chandigarh

Project Title:

“A Study on impact of HRM Practices in Selected Construction Companies in Chandigarh.”

STATEMENT OF THE PROBLEM:

Employees are encouraged to take more responsibility, communicate more effectively, act creatively, and innovate HRM links remuneration to customer satisfaction metrics. This study helps the importance of Quality circles and its impact on employees productivity which in turn help the Construction Companies to achieve its goals.

OBJECTIVES OF THE STUDY:

  • To find the degree of HRM Practices implemented in the Construction Companies in Chandigarh
  • To study the level of commitment of employees towards their work in Construction Companies of Chandigarh
  • To analyse the techniques used for maintaining quality of work in Construction Companies in Chandigarh
  • To study the impact of HRM practices on employee performance in the Construction Companies.

RESEARCH METHODOLOGY:

SAMPLING DESIGN:

  • Sampling Procedure: The Employees will be randomly selected from the Construction Companies.
  • Sample units: Employees of five selected companies such as L&T, Consort Builders, S.S Constructions, ATS office, Ansal housing having branches in Chandigarh will be part of 100 sampling units.
  • Sample size: The sample size of about 100 employees will be taken for the Study dividing equally among five Construction Companies.
  • Data Collection:

Data will be collected from employee from different departments in an Organization.

  • Primary Data:

The primary data will be collected through questionnaire. About 100 employees would be taken from four selected Construction Companies for the Study.

  • Secondary Data:

The secondary data will be collected from HRM journals, magazines, text books on Management, websites and other publications.

  • Data analysis
  • Statistical tool such as Cross tabulation, charts, graphs, percentages and other suitable tools may be used to analyse the collected Data.

Period of the study:  about 50 days

LIMITATIONS OF THE STUDY: 

  1. The study is confined to HRM practices in Construction companies in Chandigarh only.
  2. The study is Limited to 100 employees working in Construction Companies
  3. The study is limited to for a period of 50 days only.
  4. The opinions and respondents may change over the period of time.
  5. The Data collected may become out-dated in future as new HRM practices may be implemented in future.

A Study on Green accounting practices with reference to Indian Companies

SCOPE OF WORK

  1.  To make studying the significance and utility of Green accounting and reporting in Indian Companies
  2. To examine and identify the shortcoming in the existing legal and accounting framework for Green accounting and reporting in India.
  3. To critically examine the Green accounting and reporting practices adopted by public and private sector Indian companies with special emphasis on post economic liberalization era.
  4. To find out the difference of opinions between public and private sector Indian companies relating to environmental challenges, protection, and management.
  5. To compare and contrast the accounting and managerial attitudes towards the nature and periodicity of disclosure, cost, and audit of Green accounting and reporting among Indian public and private sector companies.
  6. To suggest measures to streamline the existing Green accounting and reporting and to identify the future prospects of Green accounting and reporting in India in a fast-changing Industrial environment.

Methodology

Public and private sector companies that play a vital role in the social responsibility of multifarious nature both have been included in this study. The present study covers only accounting and reporting on environmental aspects since the liberalization of the economy.

The method adopted to solve out the problems is based on the primary data. Primary data for this research work will be collected through questionnaires from the employees of public and private companies in India. There is little use of Secondary data gathered from government reports, journals, newspapers, magazines, and websites. The data so collected will properly be classified, tabulated, and analyzed according to the objectives of the study using the Percentage Method.

Timeline

 The period for the study for doing the project work is one month.

EXECUTIVE SUMMARY:

In recent years, Environmental pollution becomes severe and the stakeholders are considerably worried about the issue which paved the way for the growing concern about the implementation of green accounting. In this paper, an attempt is made to discuss the theoretical foundation of green accounting and reporting practices with special reference to India. Green accounting and awareness have given more important as it is the need of the day.

Objectives of Green Accounting

The objectives of green accounting and reporting are as follows:

  1. To help in the negotiation of the concept of environment and to determine the enterprise’s relationship with society as a whole and the green pressure group in particular.
  2. To segregate and collaborate all Environmental related flows and stocks of resources.
  3. To minimize green impacts through improved product and process design.
  4. To ensure effective and efficient management of natural resources.

OBJECTIVES OF STUDY

  1. To make studying the significance and utility of Green accounting and reporting in Indian Companies
  2. To examine and identify the shortcoming in the existing legal and accounting framework for Green accounting and reporting in India.
  3. To critically examine the Green accounting and reporting practices adopted by public and private sector Indian companies with special emphasis on post economic liberalization era.
  4. To find out the difference of opinions between public and private sector Indian companies relating to green challenges, protection, and management.
  5. To compare and contrast the accounting and managerial attitudes towards the nature and periodicity of disclosure, cost, and audit of Green accounting and reporting among Indian public and private sector companies.
  6. To suggest measures to streamline the existing Green accounting and reporting and to identify the future prospects of Green accounting and reporting in India in a fast-changing Industrial environment.

RESEARCH METHODOLOGY:

Research Design:

Public and private sector companies that play a vital role in the social responsibility of multifarious nature both have been included in this study. The present study covers only accounting and reporting on green aspects since the liberalization of the economy.