• Share
  • Email
  • Embed
  • Like
  • Save
  • Private Content
SIFE School of Management Studies Project Report
 

SIFE School of Management Studies Project Report

on

  • 795 views

SIFE SMS team members are committed towards development & upliftment of the society by utilizing the skills acquired in the classroom. Two projects were undertaken: ...

SIFE SMS team members are committed towards development & upliftment of the society by utilizing the skills acquired in the classroom. Two projects were undertaken:
- Export opportunities in European Market – Suvidha
- Rural Women Employment & Development centre

Statistics

Views

Total Views
795
Views on SlideShare
795
Embed Views
0

Actions

Likes
0
Downloads
0
Comments
0

0 Embeds 0

No embeds

Accessibility

Categories

Upload Details

Uploaded via as Adobe PDF

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

    SIFE School of Management Studies Project Report SIFE School of Management Studies Project Report Presentation Transcript

    • SIFE Competition 2006 Presented by SIFE School of Management Studies GGS Indraprastha University Kashmere Gate, Delhi 110006
    • Introduction “Education is the most powerful weapon which you can use to change the world.” -Nelson Mandela “Nobody can do everything, but everyone can do something.” “The true meaning of life is to plant trees, under whose shade you do not expect to sit.” -Nelson Henderson “Empowerment through education for everyone and let our fledgling effort grow into a big movement.”
    • SIFE School of Management Studies Core Team Dr. Sanjeev Mittal, Faculty Advisor Jaspal Singh, President Ravi Dhanwariya, Finance Head Dr. Vijita S Agarwal, Faculty Advisor Mrinal Agarwal, Project Coordinator Tina Gupta, Content developer Vidhi B. Ramesh, Senior Member
    • Team History History of SIFE School of Management Studies team is very interesting…..Jaspal Singh was reading The ET as he always do on July, 2005 and read about that S.P. Jain won the national SIFE competition and his interest arose and immediately send mail to the SIFE Country head. So we got reply from the SIFE India in August and fill all the form and send back to the office for further processing. On November 2005, we become official team of SIFE. Thus on 17th June 2006, SIFE School of Management Studies team is making its first presentation and hope to continue to have strong relationship with SIFE in future with more vibrant energy.
    • Our Vision “Empowerment & Upliftment of the poor and underprivileged women” Our Mission In partnership with the community, government and the private sector, and in conjunction with SIFE, SIFE School of Management Studies Team will assist and facilitate in the implementation of several developmental strategies to bring about significant improvement in the lives of people within a period of three years starting 2006.
    • SIFE Projects 2006 SIFE SMS Team selected two projects for annual year 2006. These projects are meant to modernize and adapt the traditional skills so as to make them economically viable source of income generation. Suvidha – Export Opportunities in European Market Rural Women Employment & Development Centre
    • Project Need Market Scouting In Delhi, the project was started in partnership with SIFE Drenthe University Team for women in Nizammuddin Basti. They are into manufacturing of embroidered garments but are unable to find the target market for sales of their products domestically as well as internationally. They have no access to information regarding the customer preference, quality measures, color patterns and export procedures etc. In Rohtak, most of the women in villages are illiterate and have no income generation sources. These women are eager to utilize their time productively. A conducive environment and awareness was absent. Product Development
    • “A brief visit to Nizammuddin Basti”
    • “A brief visit to Nizammuddin Basti”
    • Testimonials “The two day workshop has really helped the women in terms of their understanding of product, consumer preference, and different quality parameters. Earlier we were producing the goods irrespective of the trends but after the inputs provided, I feel it will help boosting our sales.” - Mohini Prakash, Head, Suvidha Division “The efforts put in by students of SIFE SMS are commendable. Their inputs regarding export financing, foreign exchange risk management, export licensing, etc have given us the path and direction to work upon.” - Kamini, Head, The Hope Foundation
    • Criteria 1: Understanding of Market Based Economic System Objective Achieved - Helping them to produce their products for higherend of market so as to have better price realization - Gap in demand & supply were understood in depth and practical solution sought - Negotiation with foreign buyers - Sample development & Innovation Measurement of Results Rating by Suvidha & BAB Members 18
    • Criteria 2: Education & Training Objective Achieved - Color Combination & Design patterns - Quality parameter for export business - Technical Standards (type of chemicals, color, and dye prohibited in the European market) - Adopting garments to European sizes Measurement of Results Rating by Suvidha & BAB Members 19
    • Criteria 3: Entrepreneurs Success Factor / Improvement of Current Business Objective Achieved - Investing of funds in Business Development - Tips of product display & merchandising - Meet the quality standards & time-deadlines - Redesigning processes so as to reduce the time involved in production - Learning about the Economic Order Quantity (EOQ) - Introduction of rudimentary JIT system Measurement of Results Rating by Suvidha & BAB Members 17
    • Criteria 4: Financial Management Objective Achieved - Forward Exchange Rate & Hedging Technique - Funding support from different central & state financial institution - Export financing - Various schemes available for women NGO - Personal account keeping - Formation of Self-help groups (SHG) - Teaching merits of personal finances Measurement of Results Rating by Suvidha & BAB Members 17
    • Criteria 5: Ethical Business Practices Objective Achieved - Conformity to the contract agreement - Awareness about child labour - Rights against sexual harassment - Establishment of crèche Measurement of Results Rating by Suvidha & BAB Members 18
    • Criteria 6: Long-term sustainability Objective Achieved - Tie-up with SIFE Netherlands team for market scouting for the products of this NGO -Order of preparation of SMS T-Shirt - Involve alumni & corporate for ordering of promotional materials - To keep abreast of market by investing in product development Measurement of Results Rating by Suvidha & BAB Members 19
    • Future Plans for Suvidha • Scouting & developing the target market for their product mainly in Europe. • To provide training to selected women in various export houses • Helping Suvidha Women to obtain Export License and formulate export procedures. • Help them in promotion of their products in various trade fairs and colleges.
    • “A brief visit to Rohtak”
    • Testimonials “ The earlier income generated through my small shop was not enough for my family, but after this workshop, not only I have become the leader of SHG but I am also earning Rs 4200/- a month by selling household products in and around nearby villages” - Sheila Devi, Small shop owner, Girward village “ Rural women employment & development centre would certainly help women to utilize their time and generate extra income . It will improve their social status” - Dilhbagh Singh, Panch, Sunaria village
    • Criteria 1: Understanding Market Based Economic System Objective Achieved Sunaria Giraward - Identifying the potential products - Focus on distribution channel (e.g. Souvenir , Table linen….) development and market development - Gap in demand & supply were rather that product development. understood in depth and practical solution sought - Explore markets & marketing tie-up with export house for contract work Measurement of Results Since this project was so widespread, it was evaluated by various stakeholders like LPS, Villages local body, & Our advisory board members. 17
    • Criteria 2: Education & Training Objective Achieved Sunaria Giraward - Training by Shri B P Jain - Necessary communication skills & vocational & Cultural Centre product knowledge. - Visit to cottage industry sponsored - Specific training by the company. by HEART NGO - Exposure to the global competitive environment in export house (ORINA IMPEX Noida) - Benchmarking of quality standards Measurement of Results Since this project was so widespread, it was evaluated by various stakeholders like LPS, Villages local body, & Our advisory board members. 19
    • Criteria 3: Entrepreneurs Success Factor Objective Achieved Sunaria Giraward - Leader emerging who are sharing - Realization of income generating their expertise & getting into opportunities in distribution system. contract work - Make or Buy decision. - Scouting for opportunities in the - Developing a village women as the export job work. resource person. - Investing of funds in Business - Tips on display & merchandising - Expanding their product basket to include local products - Teaching them the basic concept of branding (uniform packaging) Measurement of Results Since this project was so widespread, it was evaluated by various stakeholders like LPS, Villages local body, & Our advisory board members. 18
    • Criteria 4: Financial Management Objective Achieved Sunaria Giraward - Help them to establish SHG for - Help them to establish for Micro Micro Financing for job work Financing for SHG procurement with the help of Haryana Gramin Vikas - Information about obtaining loan Bank from bank & different financial - There project has been submitted to institution State Bank of India for sanctioning of - Teaching them about basic loan accounting practices - Teaching them about basic accounting - Teaching them the merit of practices investment - Teaching them the merit of investment Measurement of Results Since this project was so widespread, it was evaluated by various stakeholders like LPS, Villages local body, & Our advisory board members. 15
    • Criteria 5: Ethical Business Practices Objective Achieved Sunaria - Conformity to the contract agreement - Awareness about child labour - Rights against sexual harassment -Establishment of crèche Giraward - Conformity to the contract agreement - Awareness about child labour - Rights against sexual harassment - Never to adulterate locally procured goods Measurement of Results Since this project was so widespread, it was evaluated by various stakeholders like LPS, Villages local body, & Our advisory board members. 17
    • Criteria 6: Long-term sustainability Objective Achieved Sunaria Giraward - Tie-up with export house to obtain job - Tie-up with HLL Shakti & other local work. brands. - Tie-up with local boutique for job work. - Organize regular training programmes to help women to sell high-value products. - LPS commitment to display the product on consignment basis in their centre. - Emerging entrepreneurs in second tier . (the women who are manufacturing local - Emerging entrepreneurs. products) - Self-sustaining & focus on profitability Measurement of Results Since this project was so widespread, it was evaluated by various stakeholders like LPS, Villages local body, & Our advisory board members. 18
    • Criteria 6: Long-term Team sustainability Objective Achieved - SIFE SMS has a defined code of conduct for office bearers. - Process transparency - Proper Documentation - Mentoring of Juniors - All the records of expense statement are certified by CA. - We have an active database of our contact persons in various fields and to keep them actively involved, we invite them regularly in various forum. - Faculty advisor appointed for the period of two years to maintain continuity. - Junior team members are involved in all the aspects of the project so that they are well aware of the processes.
    • Planning for future Vocational Education Trade Preparing for vocational education RWE&D Centre Financial Support Health Care Day Care Employment Entrepreneurship Development
    • Mr. Manoj Agarwal (IAS) DOUD, Govt of Delhi Mr.Rajesh Jain MD, LPS India Ltd Mr. Vikas Singhai VP, WNS Global Sol. Business Advisory Board Mr. Rajat Jain Director, Deneb Consultants Mr. K K Goyal Director, SISI Mr. R K Gupta Director, Indian Red Cross Society Mrs. Sandhya Jain MD, BPJV&C Centre “All members of Advisory Board are providing help to us in every matter of the project – We are thankful to them for their cooperation”
    • Media Coverage Viraat Vaibhav (50,000) Hari Bhoomi (20,000) Meri Delhi (47,500) Sandhya Times (1,25,000)
    • Financial Statement Income LPS India Ltd Contribution from students & Team members Contribution from faculty Amount (Rs) Expenses Traveling Expenses - experts traveling to villages 130,000 - training of Rohtak women in Delhi export house 40,000 Rural women employment & development Centre 15,000 - Infrastructure like fans, carpets etc - Sewing machines - Renovation of the centre 75,000 Stationary & Telephone expenses 8,000 - Banners & pamphlets - Workshop materials 35,000 Contribution from Synergy fund (Student Body) Other expenses 25,000 - Raw materials - Payments to the experts Contribution from Alumni 10,000 Carry forward to next year Total Income Amount (Rs) 188,000 Total Expenses 35,000 3,000 188,000
    • Future goals for next year Current Projects: -An operational export division catering to international buyers for Suvidha NGO. - Rural women employment & development centre should be fully operational in Sunaria & Girawad village. - More number of centres in villages of Haryana and may be outside Haryana. - Also we would tie up with companies to outsource simple jobs like packaging, printing etc to our RWE&D Centre.
    • Future goals for next year New Projects: - There is growth in the rural tourism sector in the coming years which is also reflected by UNDP & Central grants whereby they identify villages for rural tourism and offer grants to develop the infrastructure. The next year project will concentrate on the rural tourism and we will focus to develop a village in a Northern State as destination for rural tourism. - There is surplus milk production in these areas which is not utilized for income generation. Our emphasis to begin with will be production of value-added milk products like paneer, ghee, khoya and distribute them in the nearby areas. Perhaps, in later years, help them to setup milk processing unit.
    • Query Session