This is company analysis of small business name n.n.exports,
Company vision is their framework that guides the business and everything about it. Company translates everyone’s dream and personality into jewelry and spread the happiness from it.
Company’s mission declares their purpose of existences as a company and our objectives. To give every customer much more than what they ask for in terms of quality, selection, value for money and customer service and give the unmatched experience in jewelry shopping.
As companies, both large and small, search for new
international markets in today’s global economy, they appreciate the differences between trading in their home market, with its known parameters, and marketing products overseas
Running Head: REFLECTIVE ESSAY 1
REFLECTIVE ESSAY 6
Reflective essay
Student Name:
Institution:
Professor:
Course Title:
Date of Submission:
Reflective essay
It is while and I will out to the corporate world. I intend to join my uncle’s enterprise as I prepare to start my enterprise in the next five years. I thought I had financial intellect until I began my finance classes. Everything seemed okay then. I thought I would manage the finances of the biggest company in the world and emerge successful.
I have overtime amassed so much knowledge and understanding. This has been possible the lecture and other academic activities that I have engaged in. The exams I have been writing have not been easy. I would get excited, nervous and curious as I wrote my papers within the semester and at the end of it. The feeling would escalate when I went to check my grades. The fear of failure always made me read harder and smarter; thankfully, I have never received a failing grade.
It was quite challenging to make decisions on eating, studying, time management, socializing and health matters when I first joined campus. This was made worse by status as an international student. This to me was a major transition. I was responsible of my actions and choices. I had to learn juggling and flexibility. It was of great importance that I balance my freedom with the needs at home, freedom and my responsibilities as well as my studies and social life. Worse still, I had to pay so much fees since I was an international student.
Knowledge in finance is critical in managing fiancés in an organization effectively, wealth creation as well as increasing the value of an organization. This has been facilitated by the topics we studied in the course. These topics include planning, raising finances, making wise investments and controlling finances. This knowledge has highly shaped my desire in venturing in corporate finance.
In our contemporary society, business leaders are looking for a well-rounded finance student and one who is well-skilled in matters finance.
Moreover, the course has impacted additional skills like communication, critical decision making, strategic and quantitative skills. This was possible by the fact the course offers quality services that are outside the traditional curriculum.
The value of a finance course
The value of a career in finance cannot be underestimated. The profession is not about to expire any soon. As long as money navigates the world, a finance graduate will be highly valuable. The world needs the finance professional. Any industry can hire a finance professional. This tells you the value of this course.
During our study, the lectures used a real-life approach. The subject becomes highly practical. This was beneficial has it stimu ...
Entrepreneurship Lesson 1 Introduction to Entrepreneurship Pinoy StyleWilfred Dexter Tanedo
Introduction to the Filipino Entrepreneurship Definition and Importance of Entrepreneurship, Filipino Values and how it makes or breaks us as an entrepreneur the Creative Industry and the Entrepreneur
NETWORKA group of autonomous computers and associated devices connected together
by communication channels like cables or telephone lines etc. is called a network.In a network, the computers work as stand alone machines but can communicate
with other computers on the network as and when required.
Web service is a standardized medium to propagate communication
between the client and server applications on the World Wide Web.
A web service is a software module that is designed to perform a
certain set of tasks.
Web services in cloud computing can be searched for over the
network and can also be invoked accordingly.
When invoked, the web service would be able to provide the
functionality to the client, which invokes that web service.
As companies, both large and small, search for new
international markets in today’s global economy, they appreciate the differences between trading in their home market, with its known parameters, and marketing products overseas
Running Head: REFLECTIVE ESSAY 1
REFLECTIVE ESSAY 6
Reflective essay
Student Name:
Institution:
Professor:
Course Title:
Date of Submission:
Reflective essay
It is while and I will out to the corporate world. I intend to join my uncle’s enterprise as I prepare to start my enterprise in the next five years. I thought I had financial intellect until I began my finance classes. Everything seemed okay then. I thought I would manage the finances of the biggest company in the world and emerge successful.
I have overtime amassed so much knowledge and understanding. This has been possible the lecture and other academic activities that I have engaged in. The exams I have been writing have not been easy. I would get excited, nervous and curious as I wrote my papers within the semester and at the end of it. The feeling would escalate when I went to check my grades. The fear of failure always made me read harder and smarter; thankfully, I have never received a failing grade.
It was quite challenging to make decisions on eating, studying, time management, socializing and health matters when I first joined campus. This was made worse by status as an international student. This to me was a major transition. I was responsible of my actions and choices. I had to learn juggling and flexibility. It was of great importance that I balance my freedom with the needs at home, freedom and my responsibilities as well as my studies and social life. Worse still, I had to pay so much fees since I was an international student.
Knowledge in finance is critical in managing fiancés in an organization effectively, wealth creation as well as increasing the value of an organization. This has been facilitated by the topics we studied in the course. These topics include planning, raising finances, making wise investments and controlling finances. This knowledge has highly shaped my desire in venturing in corporate finance.
In our contemporary society, business leaders are looking for a well-rounded finance student and one who is well-skilled in matters finance.
Moreover, the course has impacted additional skills like communication, critical decision making, strategic and quantitative skills. This was possible by the fact the course offers quality services that are outside the traditional curriculum.
The value of a finance course
The value of a career in finance cannot be underestimated. The profession is not about to expire any soon. As long as money navigates the world, a finance graduate will be highly valuable. The world needs the finance professional. Any industry can hire a finance professional. This tells you the value of this course.
During our study, the lectures used a real-life approach. The subject becomes highly practical. This was beneficial has it stimu ...
Entrepreneurship Lesson 1 Introduction to Entrepreneurship Pinoy StyleWilfred Dexter Tanedo
Introduction to the Filipino Entrepreneurship Definition and Importance of Entrepreneurship, Filipino Values and how it makes or breaks us as an entrepreneur the Creative Industry and the Entrepreneur
NETWORKA group of autonomous computers and associated devices connected together
by communication channels like cables or telephone lines etc. is called a network.In a network, the computers work as stand alone machines but can communicate
with other computers on the network as and when required.
Web service is a standardized medium to propagate communication
between the client and server applications on the World Wide Web.
A web service is a software module that is designed to perform a
certain set of tasks.
Web services in cloud computing can be searched for over the
network and can also be invoked accordingly.
When invoked, the web service would be able to provide the
functionality to the client, which invokes that web service.
Glimpses of India
This lesson consist of three parts:
1) A baker from Goa
The Goan bread is one of the delicacies that everyone craves for. The bread is an integral part of the Goan eating habit
The art of bread making is a legacy which is granted by the Portuguese to Goa. The Goan pão is a culinary masterpiece.
2) coorg
Goa lies on the western coast, is known for its endless beaches, stellar nightlife, eclectic seafood, world-heritage listed architecture.
Coorg, officially known as Kodagu, is known as the ‘Scotland of India’. It is well known for its breathtakingly exotic scenery and lush greenery. Forest covered hills, spice and coffee plantations only add to the landscape.
3) tea from assam
Assam, located south of the eastern Himalayas is one of the Seven Sister states. Known for its rich culture and diverse population, the culture of Assam is a fusion of Indo Burmese, Mongolian and Aryan influences. The natives are called Asomiya which is also the state language of Assam. Assam is known for Assam tea and Assam silk. The state was the first site for oil drilling in Asia.
Goa, Assam and Coorg all make up a tour
making a Glimpse of India that we all deeply adore
How do you define Consumer Behaviour?
Consumer behavior is the actions and the decision processeus of people who purchase goods and services for personal consumption” – according to Engel, Blackwell, and Mansard, Consumer buying behavior refers to the study of customers and how they behave while deciding to buy a product that satisfies their needs.
Consumer behaviour types are determined by what kind of product a consumer needs, the level of involvement, and the differences that exist between brands
Internet marketing is the process of promoting a business or brand and its products or services over the internet using tools email marketing, search marketing, social media marketing, display advertising and mobile advertising that help drive traffic, leads, and sales
The assignment problem deals with allocating various resources to various activities on a one to one basis, i.e., the number of operations are to be assigned to an equal number of operators where each operator performs only one operation. For example, suppose an accounts officer has 4 subordinates and 4 tasks. The subordinates differ in efficiency and take different time to perform each task. If one task is to be assigned to one person in such a way that the total person hours are minimized, the problem is called an assignment problem. Assignment problem is a special case of transportation problem. The problem of assignment arises because available resources such as men, machines etc. have varying degrees of efficiency for performing different activities, therefore, cost, profit or loss of performing the different activities is different.
The Hungarian method of assignment provides us with an efficient method of finding the optimal solution without having to make a-direct comparison of every solution. It works on the principle of reducing the given cost matrix to a matrix of opportunity costs. It is shorter and easier compared to any method of finding the optimal solution of a transportation problem.
Opportunity cost show the relative penalties associated with assigning resources to an activity as opposed to making the best or least cost assignment. If we can reduce the cost matrix to the extent of having at least one zero in each row and column, it will be possible to make optimal assignment.
Ques- A Company plans to assign 5 salesmen to 5 districts in which it operates. Estimates of sales revenue in thousands of rupees for each salesman in different districts are given in the following table . What should be the placement of the salesmen if the objective is to maximise the expected sales revenue ?
A solar cooker is a device which is used to cook food by utilizing the heat energy radiated by the sun.
It utilizes the principle of reflection, concentration, absorption and greenhouse effect to convert sunlight to heat energy.
Most common, inexpensive and easier to build
A solar cooker consists of an insulated metal box or wooden box which is painted all black from inside.
Solar cell is the photovoltaic device that convert the light energy ( which come from sun ) into electrical energy.
This device work on the principle of photovoltaic effect.
The Project reveals about Smart selling process and unique features of Harley-Davidson motor bike. Preferred by the respondent which has made them to sustain in the world market with tremendous success since 1983 .This analysis is done with the help of Method of Data Collection ,That is Direct Questionnaire Method and also considering respondents survey to know the feedbacks about their Customer service. This study is based on judgmental and convenience sampling method. The study is purely based on primary data and The study based only on Chennai.
Conflict and negotiation in international businessvibhore jain
conflicts and negotiations in international business
Conflict as a concept can help explain many aspects of social life such as social disagreement , conflict of interests, fight between groups, individual and organizations.
In political terms conflict can refer to wars, revolutions or other struggles which may involve the use of force as in the term armed conflict.
In this presentation we will discuss definition of franchising, types of franchising, world famous franchises, advantages and disadvantages of franchises, agreement of franchising, franchisors gurantees, franchisee obligation and code of conduct of franchising.
What You're Going to Learn
- How These 4 Leaks Force You To Work Longer And Harder in order to grow your income… improve just one of these and the impact could be life changing.
- How to SHUT DOWN the revolving door of Income Stagnation… you know, where new sales come into your magazine while at the same time existing sponsors exit.
- How to transform your magazine business by fixing the 4 “DON’Ts”...
#1 LEADS Don’t Book
#2 PROSPECTS Don’t Show
#3 PROSPECTS Don’t Buy
#4 CLIENTS Don’t Stay
- How to identify which leak to fix first so you get the biggest bang for your income.
- Get actionable strategies you can use right away to improve your bookings, sales and retention.
Salma Karina Hayat is Conscious Digital Transformation Leader at Kudos | Empowering SMEs via CRM & Digital Automation | Award-Winning Entrepreneur & Philanthropist | Education & Homelessness Advocate
Textile Chemical Brochure - Tradeasia (1).pdfjeffmilton96
Explore Tradeasia’s brochure for eco-friendly textile chemicals. Enhance your textile production with high-quality, sustainable solutions for superior fabric quality.
When listening about building new Ventures, Marketplaces ideas are something very frequent. On this session we will discuss reasons why you should stay away from it :P , by sharing real stories and misconceptions around them. If you still insist to go for it however, you will at least get an idea of the important and critical strategies to optimize for success like Product, Business Development & Marketing, Operations :)
Reflect Festival Limassol May 2024.
Michael Economou is an Entrepreneur, with Business & Technology foundations and a passion for Innovation. He is working with his team to launch a new venture – Exyde, an AI powered booking platform for Activities & Experiences, aspiring to revolutionize the way we travel and experience the world. Michael has extensive entrepreneurial experience as the co-founder of Ideas2life, AtYourService as well as Foody, an online delivery platform and one of the most prominent ventures in Cyprus’ digital landscape, acquired by Delivery Hero group in 2019. This journey & experience marks a vast expertise in building and scaling marketplaces, enhancing everyday life through technology and making meaningful impact on local communities, which is what Michael and his team are pursuing doing once more with Exyde www.goExyde.com
How to Build a Diversified Investment Portfolio.pdfTrims Creators
Building a diversified investment portfolio is a fundamental strategy to manage risk and optimize returns. For both novice and experienced investors, diversification offers a pathway to a more stable and resilient financial future. Here’s an in-depth guide on how to create and maintain a well-diversified investment portfolio.
Explore Sarasota Collection's exquisite and long-lasting dining table sets and chairs in Sarasota. Elevate your dining experience with our high-quality collection!
Best Crypto Marketing Ideas to Lead Your Project to SuccessIntelisync
In this comprehensive slideshow presentation, we delve into the intricacies of crypto marketing, offering invaluable insights and strategies to propel your project to success in the dynamic cryptocurrency landscape. From understanding market trends to building a robust brand identity, engaging with influencers, and analyzing performance metrics, we cover all aspects essential for effective marketing in the crypto space.
Also Intelisync, our cutting-edge service designed to streamline and optimize your marketing efforts, leveraging data-driven insights and innovative strategies to drive growth and visibility for your project.
With a data-driven approach, transparent communication, and a commitment to excellence, InteliSync is your trusted partner for driving meaningful impact in the fast-paced world of Web3. Contact us today to learn more and embark on a journey to crypto marketing mastery!
Ready to elevate your Web3 project to new heights? Contact InteliSync now and unleash the full potential of your crypto venture!
2. PROFILE OF THE COMPANY
NNExports is one of the oldest business families with a family legacy of over 25 years started around 1996
and they believe heritage, commitment and quality are the three main aphoristic rules that they follow
which has made them number one in the jewellery and gemstones market. With a noble cause of nation
building and self-sustenance we believe ethical, honest and transparent business practices should form the
foundation of our business. Having ventured into gemstones and jewellery retailing, they are now
customer’s first choice when it comes to buying precious or semi-precious gemstones and jewellery.
NNExports is an initiative by Mr. Ashutosh Gupta to take the fourth-generation business along with
exploring E-commerce.
With a deep understanding of local tastes and preferences, NNExports offers an array of western designs
that meet the expectations of the customers in making Gold, Diamonds, precious and semi-precious
gemstones jewelry. At N.N. Exports, they believe that it is important to educate the customers and make
them aware as the first step in preventing malpractices in business. As a part of this philosophy, they have
conducted several campaigns over the years regarding the purity, pricing and other aspects.
3. VISION
Company vision is their framework that guides the business and everything about it. Company translates
everyone’s dream and personality into jewelry and spread the happiness from it.
MISSION
Company’s mission declares their purpose of existences as a company and our objectives. To give every
much more than what they ask for in terms of quality, selection, value for money and customer service and
the unmatched experience in jewelry shopping.
4. Hard and Soft Skills Required for the Position
SOFT SKILLS
1.Customer Service
Customer service is the process of offering assistance to all the current and potential customers - answering questions, fixing problems, and providing
excellent service. The main goal of customer service is to build a strong relationship with the customers so that they keep coming back for more business.
Provided quality customer service; resolving any customer or agent service inquiries. Managed logistics/finance/customer service for over 18.5 Million in sales
worldwide.
2. Logistics
Logistics is a complete organization and implementation of a problem. Logistics are often considered in a complex business operation, as some works need
detailed planning. Managed logistics, documentation and compliance for import/export functions of company services. Formulated and executed logistics
strategies in a rapidly changing business environment. Managed, developed and updated the logistics of the international operation.
3. Communication skills
An export/import manager has to deal with several stakeholders such as customers, transport service providers, government representatives and so on. Clear
and concise communication is essential to avoid any misunderstandings with these people.
5. 4.Networking skills
One of the responsibilities of an export/import manager is interacting with multiple stakeholders such as customers; vendors such as
freight forwarders, transport service providers; and representatives of government agencies such as customs officials. These relationships
must be maintained and nurtured. It is easy to connect with customers using social media platforms. Most of these platforms allow you to
easily create a business profile that you can use to interact with customers.
5. Ability to handle stress
Export and import managers will find themselves having to make quick decisions under stressful circumstances. For example, when might find that
a shipment has been delayed, cargo has been damaged or payments haven’t been released according to schedule. All this can lead to a huge amount
of stress and the customer and also requires quick decision-making about how want to proceed. The ability to take calm and measured decisions in
the middle of a crisis is a valuable skill for an export/import manager to have.
HARD SKILLS
1. Analytical skills
Businesses generate data every day as do entire industries. Analysing all this data can give businesses insights into customer behavior as well as
demands of domestic and international markets, allowing them to make more informed business decisions.
6. 2. Understanding finance and budgets
Financial skills, export/import managers must have the ability to understand accounting systems and contribute to the budgeting process.
Financial skills are especially valuable for export/import managers working with small businesses because such organizations often operate
on small budgets, and any deviations from approved budgets can hurt the business.
3.Understanding technology
Technology has helped small businesses leverage capital efficiently, improve customer service, minimize costs by automating routine tasks,
taking documentation online and accessing global markets. It has helped these organizations become more efficient and competitive.
As disruptions caused by the Covid-19 pandemic forces business worldwide to embrace technology or speed up their digital transformation
in order to survive.
Export/import managers must be familiar with the following technology tools in particular:
• Inventory management software
• Project management tools
7. Training Programs by the organization
No, the organization does not provide any training program for skill enhancement because employees in the organization are
prepared and know about their work well.
The organization does give 3-4 days training to its employees to understand and impart their knowledge about tools and
equipment's.
8. Challenges
1. Payment methods
The payment method is very important when it comes to international trading. Some countries might not share the same fiscal system with your
country. There are also some international forms of payment that will cover such situations, but they need to be present in both countries. Good
communication with a trusted importer will ease your job a lot and save you from unexpected issues that might occur.
2. Different legal norms
When it comes to possible problems of exporting goods, the legal systems is an important one. It also implies the safety system of a certain
country that you want to trade with. Some regulations might delay the export-import process and create issues for both you and the local importer.
The most important problems of import and export come from a bad legal system in one country or another.
3. Language barriers
Language barriers can be a real issue when trading internationally. If importer doesn’t speak the same language things might be lost in the
translation. The main trading language can be used in English. However, many countries don’t have English as their national language, so importers
might use different translation programs to communicate with you. It can still make a deal as long as you keep the language simple and as standard
as possible.
9. 4. Geography and transportation
If exporter are planning to export your goods to a country that is far away from your location, the process can get a bit complicated.
Especially if the country is in a different continent and therefore, a different system can be utilized. And the longer the distance gets, the
more complex transportation gets.
If goods will travel over the sea or ocean, you might need to consider a different form of transportation such as a ship instead of an
airplane. Prices vary as well for different shipping methods and so does the time The good idea is to invest in some shipment insurance
that will protect the products.
5. Finding the right importer
Right importer will be partner in the entire process, and they can become a blessing or a curse . Always pay attention when decide to do
business with an importer or another and do your best to avoid possible local scams. A long-term business relationship is important in
the international trading market. And good contacts can be hard to find, so it is wise to develop the good relationships already have in the
matter.
10. How to overcome those challenges
1. Say no to customers. When you can’t do it, say no upfront, before you make an agreement.
2. Samples should be equal in quality to the actual production that will be shipped.
3. Make everything perfectly clear with customers. Don’t assume anything, don’t work with suppositions.
4. Learn and understand the business culture of your export market and customers before you begin.
5. Provide detailed price lists and price quotations to the customer. Understand your Incoterms
6. Never send poor quality products, especially in order to meet a shipping deadline.
7. Research the transportation, temperature and climatic conditions that the product will be subject to prior to arrival at the export
destination.
8. Research and investigate fashion, trends and tendencies. In order to survive, you have to create, not pirate and copy.
9. Quality complaints and suggestions must be addressed and implemented immediately. This has to be part of the understanding
of every worker, from production to sales to executive suite.
10. Discipline, planning and order. Production planning, raw material purchasing decisions, financing, infrastructure investment,
human resources, sales and marketing all must be planned and coordinated, at all times.
11. Learning Outcomes
The organization study at NNExports has given me the opportunity to gain valuable industry related
experience that would allow me to expand my career options. The skills and knowledge I gained at
NNExports was quite different and now I can utilize these knowledges in a more practical approach.
The guidance, support, feedback and useful suggestions provided by my Project Guide helped me to
successfully complete this project report.
The project report definitely broadened my mind. What stood out during the project report at
NNExports was the dedication of their staffs and a great working environment.
The study helped me to understand the key business processes are carried out in an organization and
how information is used in organization for decision making at various levels. this study helped to gain
confidence and awareness.