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Multimode Group Internship Ducument Edited
Multimode Group Internship Ducument Edited
Internship Report
On
Supervised By:
Mr. Md. Mohiuddin
Assistant professor
Department of Management Studies
Jagannath University, Dhaka
Prepared by:
MD. AHLASH UDDIN MASUM
ID No: 085709, Session: 2007-2008
MBA program, 2nd Batch
Department of Management Studies
Letter of transmittal
Dear Sir,
I have given my full concentration into the work with the hope to prepare a precise report
from the arena I have experienced and from your kind direction.
I would be very delighted if you accept my report and oblige me to reach extreme
satisfactory. Any kind of suggestion or reference related to report would be taken my best.
Sincerely yours,
……………………………..
MD. AHLASH UDDIN MASUM
ID No: 085709, Session: 2007-2008
MBA program, 2nd Batch
Department of Management Studies
Jagannath University
Acknowledgement
At the very beginning I acknowledge the immeasurable blessings & profound Kindness of
Almighty Allah-the supreme authority of the universe.
I am grateful to many individuals for the completion of the report successfully. They are both
from JNU and HR Department of Multimode who provided me with guidance and
information for this study.
I would like to take to express my sincere feelings and gratitude to my course Supervisor,
MD. Mohiuddin, assistant professor, Jagannath University. I am also grateful juliet gomes
DGM, Md. Hanif mia Manager, and other officer and staff of HR Department whose expert
supervision, continuous guidance and instructions have contributed greatly in the preparation
of this report.
Also I expressed my thanks to our MBA coordinator Prof. Md. Mosharraf Hossian Ph.d. For
his excellence and invaluable advice.
Finally, a special acknowledgement is gratefully and loving offered my friends and family
who had been always with me and offered selfless support to me.
This is to certify that Md. Ahlash uddin masum bearing ID no-085709 , Session: 2007-
2008, is a student of MBA program 2nd batch in Jagannath University, Dhaka is done his
internship report under me according to the university Schedule. He submitted his internship
report on 15th December 2011.
………………………………..
Chapter :1
1.0
Introduction :
1.1
Human Resource Management plays a very much significant role for every business
organization. It helps the organization to run perfectly & to achieve the organizational goals.
Naturally employees develop themselves day by day. They make any work broken down &
divide it into small & small job, which helps to do the work more effectively; When we hear
this word of Human Resources Management” naturally we think that it is related to human
activities.
1.2
Objective of the study:
Objective of the study as a business expectative in future, I should have to gather experience
beside my survey. I should not concern my lesson only in classroom but to apply it in
practical life that will help me in our future life .A clear objective help in preparation of well
decorated report in which other take the right type of decision .So, I identifying Objective is
very much important. My purpose of preparing the report is:
1.4
Terminology:
CEO = Chief Executive officer
DCEO = Deputy Chief Executive officer
ED =Executive director
GM = General Manager
DGM = Deputy General Manager
HRD = Human Resource Department
HRIS = Human Resource Information software
HRM = Human resource management
1.5
Limitation of the study:
Therefore, the views expressed in this report are likely to be restricted by limitations. Many
things were so confidential that I was not entitled to access there. Beside this I have faced the
following hindrances in preparing this report:
The Officers are very co-operative but they are too much busy to give time to get
knowledge about practical activities.
The officials had been unable to provide me with information due to their huge
routine work.
The report has to be prepared within a short time that’s why I had to work in hurry.If
I would get enough time , the report would be more practical.
The area of Human resource practice is not so develop in the context of Bangladesh .Lack of
trained and qualified manpower in various organizations. So we need to emphasize
moderate Human resource practice to the potential field for achieving organizational
success.
Bangladesh provides a typical case where the objective of developing a sound and rational
system of human resource management remains illusory. A recent World Bank study has
focused, inter alias, on human resource management and diagnosed some of its major
ailments that require urgent treatment, if the country's administrative system has to be vibrant
and effective in order to be able to meet the challenges of the 21st century. The study calls
for improving human resource management especially in areas of recruitment, training,
promotion, performance appraisal, and employee compensation. The proposals are hardly
revolutionary in that they are fundamentals to a sound human resource management system
and earlier studies also underscored the need for such changes. Minimum though, the nation's
failure to achieve these represents a formidable challenge. This paper examines and analyzes
the current approach.
Chapter :3
3.0
An overview of the organization:
3.1
Background:
The Multimode Group was founded by two time Federation of Bangladesh Chamber of
Commerce and Industries President, Mr. Abdul Awal Mintoo on September 21, 1981. He is
the current CEO of the diversified business conglomerate. Because of the hard work of
countless creative and dedicated staff members, the tireless efforts of a world-class support
team, and for the undying customer loyalty, the company has become one of the most
prominent and experienced industrial conglomerates in present Bangladesh.
The Group initially started off in the shipping industry, but has since diversified its portfolio
to include a host of other business ventures. Multimode's business strategy has always been
the continual progress of existing operations and a steady search for new ventures.
Today, Multimode Group has presence in: Agriculture, Automobiles, Chemicals, Energy,
Entertainment, FMCG, Hospitality, Information Technology, Investments, Real Estate
and is continuing its diversification and consolidation in different industries.
Chapter : 3
3.2.1
Multimode Group Corporate Profile
History
The Multimode Group was founded by two time Federation of Bangladesh Chamber of
Commerce and Industries President, Mr. Abdul Awal Mintoo on September 21, 1981. He is
the current CEO of the diversified business conglomerate. Because of the hard work of
countless creative and dedicated staff members, the tireless efforts of a world-class support
team, and for the undying customer loyalty, the company has become one of the most
prominent and experienced industrial conglomerates in present Bangladesh. The Group
initially started off in the shipping industry, but has since diversified its portfolio to include a
host of other business ventures. Multimode’s business strategy has always been the continual
progress of existing operations and a steady search for new ventures.
Today, Multimode Group has presence in: Agriculture, Automobiles, Chemicals, Energy,
Entertainment, FMCG, Hospitality, Information Technology, Investments, Real Estate and is
continuing its diversification and consolidation in different industries.
Chemicals:
Energy :
NFM Energy Limited. NFM Energy Limited is one of the industry leaders in gas drilling
exploration sharing interests and investments in Chevron Bangladesh Ltd. It is engaged in
Gas Exploration of blocks 12, 13 and 14. Entertainment BETTS R&H
BETTS R&H expanded into the areas of co-operation and social event management through
BETSS R&H. BETSSR&H was established in 2004 as an Event Management and
Entertainment company. BETSS organizes all types of events, including fund-raising
dinners, product-launch receptions, and private parties.
Recently, it has launched a fine-dining Asian-Fusion restaurant called the ‘8’.
Financial Services :
National Bank Limited (NBL).
Established as one of the first private sector bank, fully owned by Bangladeshi entrepreneurs,
National Bank Limited (NBL) has now become the largest private sector bank in Bangladesh.
Mr. Abdul Awal Min-too, CEO Multimode Group is the founding Chairman of NBL. At
present, NBL has been carrying on business through its 106 branches spread all over the
country. NBL wants to continue its high standard of clientele services and contribution to the
national economy and by establishing themselves firmly as the front ranking bank of the
country .The bank is publicly listed in the Dhaka and Chittagong Stock Exchanges.
Hospitality:
Insurance :
PragatiInsuranceLimited.
Established in 1986, Pragati Insurance Limited has been in the financial sector operating
services such as underwriting, trusteeship to the debenture issues, trading of shares and other
securities at both primary and secondary markets. The shares of the Company are listed in the
Dhaka and Chittagong stock exchanges. It is one of the leading General Insurance companies
in Bangladesh. Multimode Group, CEO, Mr. Abdul Awal Mintoo, currently is the chairmen
of Pragati Insurance Limited.
Pragati Life Insurance Limited
A public limited company registered with the Registrar of Joint Stock Company and licensed
by the Controller of Insurance, Government of Bangladesh to transact life insurance business
in Bangladesh was founded in 2000. The Multimode Group has four Sponsor Directors in
Pragati Life Insurance Ltd. In addition, Mr. Abdul Awal Mintoo is the Advisor of Pragati
Life Insurance Ltd. The shares of the Company are listed in the Dhaka and Chittagong stock
exchanges.
Information Technology :
MultiSourcingLtd.
MultiSourcing Ltd. was founded in 2007 with a vision to become a leader in providing turn
key information technology solutions to its clients. It is engaged in business process
outsourcing, software development, and marketing of its range of proprietary software
including complex ERP solutions for different verticals including banking, insurance, non-
financial institutions and manufacturing.
Communication-2 (C-2).Communication-2 is the second oldest value added telecom service
provider in Bangladesh. Its commercial operations started in the first quarter of 2004.
Currently C-2 is providing various SMS and IVR based applications to different segments of
telecom subscribers ranging from corporate to individual subscribers. The company hopes to
introduce new and innovative solutions to its subscribers as the industry gets ready to
introduce 3G.
Multimode Ltd.
Multimode Ltd is credited for bringing western union to Bangladesh, which has become one
of the leaders in remittance into Bangladesh. Through its association with different banks
Multimode Ltd has provided western union services to end clients in Bangladesh.
Additionally, in 2004 Multimode Ltd. started distribution of software by becoming
distributors of Microsoft products. Since then, it has expanded its distribution portfolio to
include Red Hat/Linux and G-Data Antivirus software.
Real Estate :
A & A Investment Ltd.
A & A Investment Ltd. was established in 1986 as a holding company. A & A holds prime
residential and commercial properties throughout Bangladesh. Its most notable venture was
establishment of the first glass commercial complex in Bangladesh, Anchor Tower in 1995. It
currently serves as the head quarters for HSBC as well as other prominent international
institutions such as Marubeni Corporation. Additionally, A & A Investment Ltd has shares in
different publicly listed companies
.
NFM Ltd. is another real estate company of Multimode group. NFM owns prime residential
cum commer-cial areas in the most prestigious and lucrative areas of Dhaka including
Gulshan, Banani, Baridhara, Ut-tara, and Savar. Additionally, it has holdings in Block-7 of
Chevron Bangladesh Ltd.
Textiles :
Dulamia Cotton Spinning Mills Ltd (DCSML).
Dulamia Cotton Spinning Mills Ltd. (DCSML), located in Feni, has more than 30 years of
experience in the textile business, is one of the pioneer spinning mills in the private sector of
Bangladesh. DCSMLpro-duces yarn which can be directly used in garmenting.Although
DMCSML produces solely for the domestic markets currently, its raw materials come from
Sudan, Tanzania, USA, Cameroon, Uzbekistan, Kazakhtan, India ,and Pakistan. As part of its
Social responsibilities , DCSML has pioneered in providing employment opportunity to
women workers. Its also participates in Social activities in community. As a publicly listed
company, DCSML shares are traded on the Dhaka and Chittagong stock exchanges.
3.2.2
Corporate management:
Education
Mr. Mintoo completed his BSc in 1973 with a degree in Marine Transportation Science from
the State University of New York. He followed that with a Master's degree in Transportation
Management and Advance Chartering Problems and Arbitration. He returned to Bangladesh
in 1981, and since then has involved himself with various businesses and industrial
establishments.
Career
Mr. Abdul Awal Mintoo is involved in various businesses including manufacturing,
information technology, energy, agriculture and biotechnology, finance, insurance, FMCG,
hotel/resorts and various other enterprises
Mr. Abdul Awal Mintoo is the CEO of Multimode Group and also sits on the board of
various enterprises, social associations and institutions. Below is a table of some of the
positions he holds.
Name of Organization Nature of Business Position
Multimode Limited Distribution of Microsoft, Red Hat/Linux Chairman
Products. Involved in remittance via Western
Union.
A & A Investment Limited Investment in real estate, land development, Managing
shares. Director
NFM Limited Investment in mineral resources, power generation, Managing
land procurement and development. Director
Mintoo has been credited for playing a significant role in the development of Bangladesh.
Starting with encouraging remittances through formal channels, which contributes
significantly to the development of the country by bringing Western Union to Bangladesh, to
promoting agricultural sustainability and increased productivity through Lal Teer Seeds Ltd.
and its pioneering efforts and development of seeds that now are the chosen product of
majority of farmers throughout the country. Additionally, he helped introduce one of the first
privately held banks, National Bank Ltd. in Bangladesh which encouraged private sector
investments and helped meet the daily needs of people. His career and activities, each step of
the way, is exemplified as one that has and continues to help towards the greater growth and
development of the nation.
For his leadership, he was elected twice as the President of Federation of Bangladesh
Chamber of Commerce and Industry and has been recognized through numerous awards.
Education
Mrs. Awal graduated from Herbert Lehman High School, Bronx, New York in 1976. She
completed an Associate course under Manhattan University, New York. Later in 2003, she
attended a program in ‘Strategic Perspectives in Non-Profit Management’ at Harvard
Business School.
Career
Ms. Nasreen Awal has been associated with business and entrepreneurship for over 12 years.
The positions she has held have been listed in the table below.
Name of Organization Nature of Business Position
Multimode Limited Information Technology, Remittance. Director
M F Consumers Ltd. Distribution of Johnson & Johnson, Cavinkare Managing
products. Director
Joongbo Multimode Manufacturers of P.E. Foam Managing
Chemicals Ltd. Director
East West Seed (BD) OP and Hybrid Seed production, processing and Director
Ltd. research
Kay & Que (BD) Ltd. Manufacturers of Carbon Rods for Dry cells, Tar, Director
CNG Station, Chemical distribution
A & A Investment Ltd. Investment in Real Estate and shares Director
NFM Limited Real Estate, investment in the energy sector Director
Pragati Insurance Ltd. General Insurance Sponsor
She has also been active in the following organizaitons:
Women Entrepreneurs Association of Bangladesh (WEAB)- President (Founder
President).
Federation of Bangladesh Chambers of Commerce & Industry.
SAARC Chamber Women Entrepreneurs Council.
Mintoo Nasreen Trust.
Dhaka American Women's Club.
National Association for Resource Improvement (NARI).
Dagonbhuiyan Girls High School.
Shahjahan Bhuiyan Memorial School – Chairman.
United Nations Women’s Club.
Tabith Mohammed Awal currently serves as the Deputy Chief Executive Officer (DCEO)
of Multimode Group. The eldest son of Mr. Abdul Awal Mintoo, he holds a Bachelor of
Business Administration and Masters of Science from George Washington University, USA.
It is under his active leadership that Multimode Group has achieved a 100% increase in
profitability over the past three years alone. He sits on the board of all Multimode Group and
associate concerns.
Tafsir Mohammed Awal currently serves as the Director of Multimode Group, and is
actively involved in operational aspects of the Groups concerns. He has a Bachelor of
Science in Telecommunications and a Master of Science in Entrepreneurial Management
from the European School of Business, London, UK. He sits on the board of majority of
Multimode Group concerns, and under his leadership the Automobile and IT division have
experienced a 200% growth in the last three years alone. For his achievement, he has won the
Young Entrepreneurs Award of Bangladesh in 2006.
3. 3 Organization Structure :
3. 4
Number of companies:
3.5
3. 6
Vision statement:
The world is changing all around them. They must look ahead, understand the trends and
forces that They will shape business in the future and move swiftly to prepare for what's to
come. Their vision serves as the framework for our Roadmap and guides every aspect of their
business by describing what they need to accomplish in order to continue achieving
sustainable, quality growth. The gist of the vision is multimode group believes in
togetherness with its customer, in its march on the road to growth and progress with services.
To achieve the desired goal, there will be pursuit of excellent all stages with a climate of
continuous improvement, because in multimode group they believe, the line of excellent is
never ending. multimode group strategic plans and networking will strengthen competitive
edge over others in rapidly changing competitive environments. Its personalized quality
services to the customer with the trend of constant improvement will be corners tone to
achieve their operational success.
3.7
Mission statement:
Their Roadmap starts with our mission, which is enduring. It declares our purpose as a
company and serves as the standard against which they consider their actions and decisions.
...
3.8
Service Scheme or Service rules of Multimode Group:
Office Time-Table
The following office timings shall be observed in all offices of Multimode Group and its
associates with effect from 18th October 2009.
Service Rules
3.10.1
strength: This is the study of company’s internal strength and causes to achieve the goal
of the company .every individual business has some internal strength to run successfully.
The tireless efforts of a world-class support team, and for the undying customer
loyalty.
The company has become one of the most prominent and experienced industrial
conglomerates in present Bangladesh.
Provide high quality product to the customer (such as: Johnson & Johnson products
of USA).
Competitive edge
Weakness: Companies internal weakness can bring any harm in any moment; in fact it is a
big obstacle in the way of goal .The Company should concern weakness .Other wise it ruins
the company.
Opportunities: It is the way of obtaining to get competitive advantage from market place.
Those competitive can utility these option; they can successfully operate the business.
The company has huge lot of capital fund so the company should invest or introduce
new product line or services.
Ability to serve additional customer groups or expand into new markets or segments.
The company has some trusted and corporate buyers.
Assistance from local business chamber to get information about different potential
buyers
Threat: Every company face some external threat which affect the business ,and these are
very much uncontrollable .the various identified threats should be assessed according to their
seriousness and probability occurrence .
Threat of multimode group:
3.10.2
Draw conclusion:
It is not basically enough to identify the strengths, weaknesses, opportunities, and threats of
the company. In applying the SWOT analysis it is necessary to minimize or avoid both
weaknesses and threats. Weaknesses should be looked at in order to convert them into
strengths. Similarly, threats should be converted into opportunities. Finally, strengths and
opportunities should be matched to optimize the potential of a firm. Applying SWOT in this
trend can obtain leverage for the company.
3.10.3
Chapter :4
4.0
I have followed various activities of the HR department of the Multimode Group, which are
described in briefly. HR department implement various policy provided by the corporate
management of the Multimode Group. The main functions of the HRD are of human
Resource planning and Development, Recruitment of qualified and experienced Human
Resource for the organization. HRD also facilitate to provide various information to the
corporate Management. HRD implement the corporate Rules and Regulation to overall
organizations. I have followed How to evaluate is the performance of existing employees of
the organization. I have followed in writing showcase letter, Explanation letter, Deduction
salary, promotion letter, Additional increment letter & Confirmation letter.
I also have learned some rules and regulation of the HR Department organization which are
mainly related to:
File management
Advertising procedure
Chapter: 5
5.0
g) Multimode Group try to develop their employee with future advancement and educate
them in job skills.
h) For job analysis Multimode Group consider several common uses such as- job
definition, job re-design, orientation, socialization, carrier counseling, employee
safety, performance appraisal and compensation.
i) HR department of Multimode Group design their job in such way, which is the right
person at the right place at the right time to achieve their objectives and goals.
k) For evaluating the performance appraisal HR department mostly follows the rating
scale method.
l) Taking constructive steps they are trying to develop the skills of Human resource
pool.
m) Their HR department (HRD) trusts in team work and respect each other.
o) As per policy, bonus, house rent, medical and launch are the additional offerings
except salary.
q) Lack of MIS.
In present competitive and dynamic environment human resource are now being viewed as
the most valuable mean for gaining advantages over other. Competitive advantages can only
be achieved by building up highly motivated and skilled employees. To fulfill the vision,
mission, and core objective of a company the management has needed to established a
effective and efficient human resource department and hired the confident and most
promising professionals. Human resources constitute the most important component of
modern organizations. The accomplishment of organizational missions and objectives
depends, to a large extent, on having right persons in right positions as well as the
commitment and contributions of those involved.
They should create sufficient computer operator or Data entry operator in the HR
department.
They should completely obey the national law and order of the Government.