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Innovative Process For Business Growth in Bharat Electronic Limited
Innovative Process For Business Growth in Bharat Electronic Limited
A Project Report
On
MASTERS
In
MANAGEMENT STUDIES
Submitted by
THAKUR KIRAN KRISHNA
M.M.S. (3rdsemester)
ROLL NO-16
Guide
Prof. D.C.KUTE
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“Innovative process for business growth In Bharat electronic limited ” 2014
DECLARATION
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“Innovative process for business growth In Bharat electronic limited ” 2014
CERTIFICATE
Prof. D.C.Kute
(GUIDE)
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“Innovative process for business growth In Bharat electronic limited ” 2014
PREFACE
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“Innovative process for business growth In Bharat electronic limited ” 2014
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“Innovative process for business growth In Bharat electronic limited ” 2014
ACKNOWLEDGEMENT
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“Innovative process for business growth In Bharat electronic limited ” 2014
when one writes a book that one realizes the power of MSWord, form
grammar checks to replace-alls. It is simple – without this software, this
book would not be written. Thank you Microsoft Crop!
I am thankful to these people for giving their kind support, cooperation and for
being informative and tolerant. I would not have completed my project on the
given time without the sincere efforts and guidance of the above mentioned
people, whose presence was the blessing in disguise for me. I hope the same
amount of cooperation in future also for developing my career prospects
Kiran thakur
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“Innovative process for business growth In Bharat electronic limited ” 2014
TABLE OF CONTENT
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Executive Summary
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“Innovative process for business growth In Bharat electronic limited ” 2014
specialized electronic needs of the Indian defense services. Over the years, it has
grown into a multi-product, multi-technology, multi-unit company servicing the
needs of customers in diverse fields in India and abroad. After done the research
to find out which assumption should be right in selected market area and
presenting the Researched report for the company .This report were will used full
for company.
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“Innovative process for business growth In Bharat electronic limited ” 2014
CHAPTER
NO.1
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“Innovative process for business growth In Bharat electronic limited ” 2014
Introduction :-
The purpose of this training was to have practical experience of working within the
organization, in the field of marketing and to have exposure to the important
management practices in field of marketing. The marketing is process value of
product or service to understand to customer & creating long term relationship
with customer.& understand there need wants & demand. While writing this report
the language has been keep simple and the entire discussion has been logical and
has coherent outlines. The main motto of the project work was innovative process
for business growth in Bharat electronic limited company Navi Mumbai. It include
in market & analysis of customer need & convenience about product to customer.
The project report is divided into two parts, first part consists of receive the order
of customer by tendering process, and second consist survey report of various
consumers about their responses about feedback towards Bharat electronic limited
Company.
Innovation generally refers to changing or creating more effective processes,
products and ideas, and can increase the likelihood of a business succeeding.
Businesses that innovate create more efficient work processes and have better
productivity and performance. For businesses, this could mean implementing new
ideas, creating dynamic products or improving your existing services. Innovation
can be a catalyst for the growth and success of your business, and help you adapt
and grow in the marketplace. Successful innovation should be an in-built part of
your business strategy and the strategic vision, where you create an environment
and lead in innovative thinking and creative problem solving. Businesses that
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“Innovative process for business growth In Bharat electronic limited ” 2014
innovate create more efficient work processes and have better productivity and
performance. Develop a strategic responsive plan which includes innovation as a
key business process across the entire business. Leadership in innovation train and
empower employees to think innovative from the top down. Inspirational
leadership and motivation is what drives innovation in business. Concept with
customer and employees to generate idea for improving process product and
services both internally and externally.
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CHAPTER
NO. 2
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“Innovative process for business growth In Bharat electronic limited ” 2014
Aim:-
“To study of Innovative process for business growth in Bharat Electronic Limited
in Taloja MIDC Navi Mumbai”.
Objective:-
HYPOTHESIS:-
Null hypothesis:-
Innovative process adopted by BEL for business growth is effective in taloja
MIDC, Navi Mumbai.
Alternate hypothesis:-
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“Innovative process for business growth In Bharat electronic limited ” 2014
Innovative process adopted by BEL for business growth is not effective in taloja
MIDC, Navi Mumbai.
CHAPTER
NO.3
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“Innovative process for business growth In Bharat electronic limited ” 2014
Scope:-
This is research provide overall business activity related to BEL company.
This project provides information of logistics activity of BEL Company.
Project provides technical & operational analysis of BEL Company.
This project is relevant of Defense Company.
Bharat electronics limited company produce electronic equipment for
defiance
Bharat electronic limited company has 9 units in India.
This company takes order by tendering process.
Limitation:-
The time period was only 60 days for research.
The sources of data collection and time are limited in this research.
Market Research is for Defense Market customer base is low compared to
sectors like FMCG.
The study was affected by activities of respondents
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“Innovative process for business growth In Bharat electronic limited ” 2014
CHAPTER
NO. 4
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RESEARCH MATHOLOGY:-
PRIMARY DATA:-
First of all, all the sources of primary data from various sources should be explored
& examining the possibility of their use for study. In many cases the data may not
be inadequate or unusable & therefore, may realize the first hand information. It
involves two aspects. The techniques and tools that are used in collecting primary
data as follows:-
Observation
Survey
Observation
This method is used to get past and current information of company and product.
For example – What is brand image of the company? How do approach to
customer & apply policies accordingly?
Survey: -
This method is useful to gate actual information about market condition of that
particular product. Survey involves some questions or we can say feedback report.
SECONDARY DATA:-
Any data has been gathered for some other purpose, is the secondary data in the
hands of research. Secondary data is collected from various journals, books,
magazines, and websites. The secondary data gave me brief information about the
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company than its product & effectiveness of services of Birla sun life insurance
Company to satisfy customer needs.
CHAPTER
NO.5
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LITRETURE REVIEW:-
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Abstract: The article discusses creative capital and managing creativity. SAS
Institute, a privately held software company, has learned how to increase
Efficiency, improve quality, and raise productivity while accommodating the
complex nature of the creative process. As a result SAS has 28years of revenue
growth, low employee turnover, and high customer satisfaction. The SAS
framework for managing creative thinkers has three principles: employees do their
best work when they are intellectually engaged and distractions are removed,
managers are responsible for promoting creativity, and customers are engaged as
creative partners.
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Kim, W. C., & Mauborgne, R. (2004). Value Innovation: The Strategic Logic
of High Growth. Harvard Business Review, 82 (7&8): 172-180.
Abstract: What separates high growth companies from the pack is the way
managers make sense of how they do business. This idea of value innovation
requires a different competitive mind-set and a systematic way of looking for
opportunities. Instead of searching within the conventional boundaries of industry
competition, managers can look methodically across those boundaries to find
unoccupied territory that represents real value innovation. A five-year study of
high-growth companies and their less successful competitors found that companies
with sustained high growth in revenues and profits approached strategy differently.
Krogh, G. & Cusumano, M.A. (2001). Three Strategies for Managing Fast
Growth. MIT Sloan Management Review, 42(2): 53-61.
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Abstract: In this interview with the founder and chief executive officer of BEM
Systems, Inc., an environmental science and engineering firm, attention is given to
the approach that has enabled a small company to go beyond the narrow scope of
an assignment and develop creative solutions that support the long-term business
goals of its clients. In being entrepreneurial, the employees of the firm look for
connections between disparate sectors of the industry and draw on latent talents
and relationships in an effort to turn any opportunity first into a strategy and then
into a concrete, revenue-generating project. The key role that innovation played
during the company’s formative stages is recounted. The company’s hiring and
compensation practices are then discussed, and the importance of creating a culture
That respects and rewards innovation is stressed.
CHAPTER
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NO. 6
Introduction of company
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VISION
MISSION
VALUES
OBJECTIVES
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Manufacturing networks
Bangalore (1954).
Ghaziabad (1974).
Pune (1979).
Machilipatnam (1983).
Chennai (1985).
Panchkula (1985).
Hyderabad (1986).
Navi Mumbai (1986).
Kotdwara (1986)
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Products of BEL
1. Bangalore (1954) :-
Military Communication.
Radars.
Weapon System.
Naval System.
Electronic Warfare System.
Avionics.
Telecom & Broadcast System.
Components.
Security System.
Electronic Voting Machine
Tablet PC’s.
2. Ghaziabad (1974) :-
Radar.
Antenna System.
C4I System.
3. Pune (1979) :-
Batteries.
Laser Products
X-Ray System.
4. Machilipatnam (1983) :-
Electro Optic Product & System.
5. Chennai (1985) :-
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Tank Electronics.
Guns Upgrades.
6. Panchkula (1985) :-
Tactical Communication Equipment.
7. Hyderabad (1986) :-
Electronic Warfare System.
8. Navi Mumbai (1986) :-
Shelter.
Mast.
9. Kotdwara (1986) :-
Defense Communication Product & Telecom System.
The customers to whom the products are supplied are given below:
1. Shelter:
Various BEL units
Indian Army
Export
2. Mast:
Indian Army
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“Innovative process for business growth In Bharat electronic limited ” 2014
BEL- Panchkula
BEL- Ghaziabad
BEL- Bangalore Complex
Shelter
A shelter is a basic architectural structure or building that provides cover
a shelter is a place where people can go to protect themselves from bomb blasts. It
differs from a fallout shelter, in that its main purpose is to protect from shock
waves and overpressure, instead of from radioactive precipitation, as a fallout
shelter does. It is also possible for a shelter to protect from both blast and fallout.
Blast shelters are a vital form of protection from nuclear attack and are employed
in civil defense. There are above-ground, below-ground, dedicated, dual-purpose,
and potential blast shelters. Dedicated blast shelters are built specifically for the
purpose of blast protection (see bunker). Dual-purpose blast shelters are existing
structures with blast protective properties that have been modified to accommodate
people seeking protection from blast. Potential blast shelters are existing structures
or geological features exhibiting blast protective properties that have potential to
be used for protection from blast
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HYDRAULIC MAST
Truck Mounted 17m Mobile Telescopic Mast
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programme in 1982. The same year saw BEL achieve a turnover of Rs.100 cores.In
1983, an ailing Andhra Scientific Company (ASCO) was taken over by BEL as the
fourth manufacturing Unit at Machilipatnam. In 1985, the fifth Unit was set up in
Chennai for supply of Tank Electronics, with proximity to HVF, Avadi. The sixth
Unit was set up at Panchkula the same year to manufacture Military
Communication equipment. 1985 also saw BEL manufacturing on a large scale
Low Power TV Transmitters and TVROs for the expansion of Doordarshan's
coverage.1986 witnessed the setting up of the seventh Unit at Kotdwara to
manufacture Switching Equipment, the eighth Unit to manufacture TV Glass Shell
at Taloja (Navi Mumbai) and the ninth Unit at Hyderabad to manufacture
Electronic Warfare Equipment. In 1987, a separate Naval Equipment Division was
set up at Bangalore to give greater focus to naval projects. The first Central
Research Laboratory was established at Bangalore in 1988 to focus on futuristic
R&D.1989 saw the manufacture of Telecom Switching and Transmission Systems
as also the setting up of the Mass Manufacturing Facility in Bangalore and the
manufacture of the first batch of 75,000 Electronic Voting Machines. The
agreement for setting up BEL's first Joint Venture Company, BE DELFT, with M/s
Delft of Holland was signed in 1990. Recently this became a subsidiary of
communication equipment for the Indian Air Force. The third Unit was established
at Pune in 1979 to manufacture Image Converter and Image Intensifier Tubes. In
1980 BEL's first overseas office was set up at New York for procurement of
components and materials. In 1981, a manufacturing facility for Magnesium
Manganese Dioxide batteries was set up at the Pune Unit.
The Space Electronic Division was set up at Bangalore to support the satellite
programme in 1982. The same year saw BEL achieve a turnover of Rs.100 crores.
In 1983, an ailing Andhra Scientific Company (ASCO) was taken over by BEL as
the fourth manufacturing Unit at Machilipatnam. In 1985, the fifth Unit was set up
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“Innovative process for business growth In Bharat electronic limited ” 2014
in Chennai for supply of Tank Electronics, with proximity to HVF, Avadi. The
sixth Unit was set up at Panchkula the same year to manufacture Military
Communication equipment. 1985 also saw BEL manufacturing on a large scale
Low Power TV Transmitters and TVROs for the expansion of Doordarshan's
coverage.1986 witnessed the setting up of the seventh Unit at Kotdwara to
manufacture Switching Equipment, the eighth Unit to manufacture TV Glass Shell
at Taloja (Navi Mumbai) and the ninth Unit at Hyderabad to manufacture
Electronic Warfare Equipment. In 1987, a separate Naval Equipment Division was
set up at Bangalore to give greater focus to naval projects. The first Central
Research Laboratory was established at Bangalore in 1988 to focus on futuristic
R&D.1989 saw the manufacture of Telecom Switching and Transmission Systems
as also the setting up of the Mass Manufacturing Facility in Bangalore and the
manufacture of the first batch of 75,000 Electronic Voting Machines. The
agreement for setting up BEL's first Joint Venture Company, BE DELFT, with M/s
Delft of Holland was signed in 1990. Recently this became a subsidiary of BEL
with the exit of the foreign partner and has been renamed BEL Optronic Devices
Limited. The second Central Research Laboratory was established at Ghaziabad in
1992. The first disinvestment (20%) and listing of the Company's shares in
Bangalore and Mumbai Stock Exchanges took place the same year. BEL Units
obtained ISO 9000 certification in 1993-94. The second disinvestment (4.14%)
took place in 1994. In 1996, BEL achieved Rs.1, 000 crores turnover. In 1997, GE
BEL, the Joint Venture Company with M/s GE, USA, was formed. In 1998, BEL
set up its second overseas office at Singapore to source components from South
East Asia. The year 2000 saw the Bangalore Unit, which had grown very large,
being reorganized into Strategic Business Units (SBUs). There are seven SBUs in
Bangalore Unit. The same year, BEL shares were listed in the National Stock
Exchange. In 2002, BEL became the first defence PSU to get operational Mini
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Ratna Category I status. In June 2007, BEL was conferred the prestigious Navratna
status based on its consistent performance.
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“Innovative process for business growth In Bharat electronic limited ” 2014
Measure, monitor, analyze and plan for continual improvement of services and
processes to meet the requirements of customer and the organization.
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Design inputs are received from customers and changes required due to production
constraints are also incorporated after approval from the customer.
After inspection of the first shelter of a particular type / model and approval by
customer agency, it is deemed that design and development output requirements
meet input requirements. Acceptance of the first shelter by customer inspection
agency with reference to GA drawing, ATP and TS indicates that the design of
shelter, sub-assembly and parts are validated.
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Accounting personnel also prepares the balance sheet of the unit. A certain standard is
used for accounting. Previously BEL used to follow the Indian Standard called AS
(Accounting Standard) for Accounting. It was difficult for foreign companies to understand
this standard as it was limited only to the Indian Territory. Hence BEL adopted a new
international standard known as IFRS (International Financial Reporting Standard), which
improved business links with foreign companies.
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Product Support division of BEL provides support for all the products manufactured by the
unit.
Functional & Administrative control of Product Support division is maintained as
follows:-
Review of quality objectives of Product Support Division.
Resource planning.
Fixation and finalization of price of Products and Services required for Product
Support Division.
Receiving of customer feedback including customer complaints.
Determining requirements to resolve the customer complaints.
Issue of Sale Order and other related documents.
Measure and monitor information relating to customer perception to ascertain
whether customer complaints are resolved properly.
Analyze and plan for continual improvement.
Co-ordinate for corrective actions
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All purchase requisitions are issued by the concerned production control executives
through SAP (System Applications & Products in data processing). The purchase
requisitions are identified by unique numbers (12 digit) and required information /
specification of the item to be purchased is given in the purchase requisition.
Purchase requisitions are released through SAP for further processing by concerned
purchase executive.
QUALITY MANAGEMENT & TORQUE DIVISION
QA (Quality Assurance) Division includes Shelter QA Division, Mast QA Division and
IGQA (Inward Goods Quality Assurance). The overall administrative and functional
control of QA Division (Shelter & Mast) is maintained as follows:-
Inspection of finished products and co-ordination for customer inspection.
Feedback of non-conformities in finished products.
Co-ordination for corrective and preventive action.
Co-ordination for implementation of statistical techniques at relevant areas,
wherever applicable.
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3. Vehicle Department
4. Naval Department
A single item is manufactured and delivered to the Consignee.
The next step is ‘User trial’. It is tested several times to ensure its quality and
durability.
After that, a BPC (Bulk Production Clearance) is issued.
Role of IGQA:-
Purchased parts are verified by IG (Inward Goods) inspection section of quality
services department after receiving at stores.
In certain cases, when need arises, verification at supplier’s premises is carried out.
The purchased parts are not used or processed until they are inspected and accepted
by IG Inspection as per quality plans / relevant documented procedures.
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Learning aspect:-
Bharat electronic limited in taloja MIDC Navi Mumbai which is defense Company
authority by defense ministry of government of India. This Company producing
shelter and Mast for defense sector. So I am work in this company two month of
internship as per specialization of marketing. I am work in marketing department
under the J.S. pathade who is marketing manager of Bharat electronic limited Navi
Mumbai. I am learning about marketing of Bharat electronic limited Company.
Bharat electronic limited Company is defense in that business to business (B2B)
OR industrial marketing. Because it is producing defense product such as shelter
and Mast for defense sector. In this Company allocate the tender to the customer
on this Company website and newspaper. In that tender is form of order for
customer and customer fill this form and give order to the Company and Company
Receive the order from customer by marketing department.
Marketing department receive the order from customer and inform to the sales
department as well as sales department and sales department instruction and inform
to the purchase department. Purchase department purchase the raw material
according to customer order. Then after produce the product by production
department after that quality department check the quality of product quality
department checking product by various type such as rain test, door test, drop the
shelter and floor testing by quality department. That after inform to sales
Department. And they sale the product to the customer.
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CHAPTER
NO. 7
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Finding analysis
Sales
FMCG
0%
Defense
100%
Comment:-
According to the survey BEL product are 100% of sale for defense sector.
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India 5 50
Africa 3 30
Latin America 2 20
China 0 00
Export
India
Africa
Latin america
china
Comment:-
This graph show the 50% of product export in India and 30% of export in
Africa and 20% in Latin America, most of export product in India.
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Sales
Delhi
0%
Bangalor
100%
Comment:-
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Strategy
60
50
40
Axis Title
30
20
10
0
Low cost operational Customer Fast follower
excellence
Series 1 10 60 10 10
Comment:-
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Innovative
Series 1
60
20 20
0 0
Target customer Creat new Creat new Extend current Enhance market
market share industry platform share
Comment:-
According to graph suggestion innovative process of BEL Company is
Create new market share 60% & target customer & create new industry are
20%.
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“Innovative process for business growth In Bharat electronic limited ” 2014
30
25
20
15
10
0
science competition govt.regulation customer &
consumer
% 30 20 10 4.5
Comment:-
Innovation export of drive for customer & consumer is 40% & 30% of
Drives for science as well as competition is 20% well 10% drives are
Govt. regulation.
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Influences on customer
10%
10%
credit period
Comment:-
This survey shown the customer influence of BEL product is all of the
Above 70%. & other 10%. Of influence.
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Sales
60
50
40
Axis Title
30
20
10
0
Shelter Mast
sale 50 50
Comment:-
According to survey BEL Company of product shelter & Mast are 50-
50% of sale.
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Product developmet
Product developmet
60 30 3.5
Comment:-
Above the graph show the development of product 40% in house& 30%
Of TOT as well as 10% of out sources.
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10) Are you satisfied with the service of the BEL product you’re selling?
Series 1
Series 1
70
40
Yes No
Comment:-
BEL company satisfied with service of seling product of company70%
of yes & 30% of No.
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Buying reason
servise
30 30 40
0
service price quality other
Comment:-
The customer Reason of buying product is 40% quality of product & 30%
of price & service.
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2) What kind of information do you look for on the company when selecting
A product?
Information
Information
60
40
4.5
0
detailed of price comparison location of store availability of
informtion product
Comment:-
This survey show the customer information look on 60% of detailed of
Information of product & 40% of price comparison.
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Observation Into %
Yes 6 60
No 4 40
Service
Yes No
40%
60%
Comment:-
According to satisfaction of customer with BEL Company 60% of
Customer satisfied & 40% of Dissatisfied.
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“Innovative process for business growth In Bharat electronic limited ” 2014
observation Into %
Warranty 4 40
Guarantee 4 40
Online purchasing 0 00
Cash on delivery 2 20
services
cash on delivery
Online purchasing
Guarantee
Warranty
0 10 20 30 40
services
Comment:-
This graph show the customer want service by the company warranty &
Guarantee are 40-40% & cash on delivery is 20%.
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CHAPTER
NO. 8
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Result:-
1) Innovative process is adopted by BEL Company for business growth is good.
And most of the product development and manufacturing for defense sector.
2) Bharat electronic limited Company has for business growth focus on the
operational excellence strategy.
3) Innovative process adopted by BEL Company for business growth is good. And
also BEL Company pursuing innovative level of create market share.
4) BEL Company adopted innovative process for business growth, and Company
export drive from science rather than consumer and customer satisfaction.
5) BEL Company for buying product of company influences on regular visit to the
customer, time delivery and credit period so that the customer buying product of
BEL Company.
6) BEL Company producing a shelter and mast for defense sector and they both are
product shelter and mast selling per year.
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CHAPTER
NO.9
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Conclusion
1) Bharat electronic limited Company product development and manufacturing is
100% to sale defense sector.
2) BEL Company strategy is focus on operational strategy in 60% & customer
Intimacy is 20% & low cost & fast flower is 10%.
3) Innovative process of BEL Company is Create new market share 60% & target
Customer & create new industry are 20%.
4) Innovation export of drive for customer & consumer is 40% & 30% of drives
for science as well as competition is 20% well 10% drives are govt. regulation
5) Bharat electronic limited Company customer influence on regular customer visit
to sale executive is 10% time delivery 10% credit period 10%.
6) BEL Company satisfied with selling services of BEL product.
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CHAPTER
NO.10
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Recommendation
Conduct the analysis of the market environment your customer want and
need and competitors be open to new idea and adaptive to change.
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“Innovative process for business growth In Bharat electronic limited ” 2014
Annexure
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“Innovative process for business growth In Bharat electronic limited ” 2014
10) Are you satisfied with the service of the BEL product you’re selling?
A) Yes B) No
11) Do you think our price level is acceptable in comparison with our competitors?
A) Yes B) No
2) What kind of information do you look for on the company when selecting
A product?
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Bibliography
Corporate references
Web
www.BEL-india.com
www.google.com
www.BEL.in
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