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PROJECT ON BUSINESS STUDIES AND

MANAGEMENT
Application
Of
Principles of Management
At
STYLE BAZAAR

Guided by: Submitted by:

Mrs. Kausalya Kisan Bishal Tandi
Lect. In Commerce, Balangir Exam Roll No: 532BA001
Rajendra Higher Secondary School, Reg. No-BA32C19060
Balangir Rajendra Higher Secondary
School, Balangir

RAJENDRA HIGHER SECONDARY SCHOOL,

BALANGIR, ODISHA, 2022

Date:
Place: Balangir Signature of Student

Signature of the Internal Examiner Signature of the External Examiner

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Acknowledgement

I would like to express my gratitude to my teacher Mrs. Kausalya Kisan

as well as our Principal Durga Prasanna Mahapatra, Who gave me the
amazing opportunity to do this wonderful Business Studies project on
the topic Application of Principles of Management at Style Bazzar.

Secondly I would also like to thank my parents and friends who helped
me a lot in finalizing this project within the limited time frame.

(Name of the student)

Exam Roll No: 252BA001
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Certificate
This is to certify that Bishal Tandi of +2 2nd year Commerce has
successfully completed the Business studies and management project as
per the guideline of +2 CHSE Examination conducted by CHSE,
Odisha.

It is further certifying that this project is the individual and bonafide

work of the candidate.

Teacher’s Signature:
Teacher’s Name: Mrs. Kausalya Kishan
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LIST OF CONTENTS
S. No Topics Page No.
1 About Style Bazaar 5

2 Vision & Mission 6

3 About Henri Fayol 7

4 Application of Management in STYLE 8-13

BAZAAR
5 Conclusion 14

6 Bibliography 14
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STYLE BAZAAR
STYLE WITH FAMILY
Introduction:
Style bazaar is one amongst the leading retail brands in India and also
India's fastest growing fashion & Lifestyle Company. Style Bazaar
offers a wide range and variety of clothing, furniture, utensils, crockery,
cutlery, sports goods, and other related products at an affordable price,
just an footsteps away of the customers. Our motto "STYLE WITH
FAMILY" can be truly identified from our range and the value of
product portfolio we maintain all across our stores. Style bazaar operates
as "ONE STOP SHOP", caters to the complete fashion needs of the
entire family at most affordable prices.
History of the Style bazaar
 It is an established leading retail brands in India.
 Baazar Style Retail Private Limited is a Private incorporated on 03 June
2013.
 It is classified as Non-govt company and is registered at Registrar of
Companies, Kolkata. Its authorized share capital is Rs. 50,000,000 and its
paid up capital is Rs. 43,552,320.
 It is inolved in Manufacture of wearing apparel, except for apparel.
 Directors of Baazar Style Retail Private Limited are Pradeep Kumar
Agarwal, Bhagwan Prasad, Ushma Avinash Sule, Dhirander Kumar Surana,
Shreyans Surana, Rohit Kedia, .
 Baazar Style Retail Private Limited's Corporate Identification Number is
(CIN) U18109WB2013PTC194160 and its registration number is 194160.Its
Email address is accounts@stylebaazar.com and its registered address is 97
ANDUL ROAD GKW COMPOUND, SHED NO 8 HOWRAH Howrah
WB-711103 INDIA.
 We have 54 stores across 6 states in the Eastern region of India. We are
majorly present in Assam, Tripura, Odisha, Bihar, Jharkhand and West
Bengal.
 Our stores are sized are between 8,000 sq ft – 12,000 sq ft (stand-alone).
 By the year 2019, we will be having 75 stores. By 2020, we aim at 110
stores and 150 stores by 2021.
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VISION
STYLE BAZAAR &
Style with family
MISSION

VISION
“Toprovide quality products at the most affordable price to the highest
number of customers.”

MISSION
"To be a quality-conscious corporate providing the best value-for-
money."
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ABOUT HENRY FAYOL

Henry
Fayol

Born July 29, 1841

Died November 19, 1925, Paris, France
Education Mining Engineering (mining Academy of Saint-
Etienne,1860)
Books General and Industrial Management
Identity Father of General Management
Founder Functional management

HENRY FAYOL’S 14 PRINCIPLES OF MANAGEMENT

AND ITS APPLICATION IN STYLE BAZAAR
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1. DIVISION OF WORK
a. Work is divided according to the specialization of workers
or employee.
b. Increases the output and efficiency of the employees.
c. Each and every employee should be trained to perform their
tasks on the basis of specialization.

APPLICATION IN THE STYLE BAZAAR

 When you enter into the STYLE BAZAAR, the first

thing you notice is that different job are being performed
by different employees.
 The sales man, the bill maker, cleaning staff, each
employee is specialized in his/her work which increases
the efficiency of the employees.

2. AUTHORITY AND RESPONSIBILITY

a. Authority means the power to give orders and to ask for
obedience.
b. Responsibility means the sense of dutifulness which is
correlated with authority.
c. There must be parity between these two.
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APPLICATION IN THE STYLE Authority

BAZAAR
We can see that Authority is
Regional head flowing from top to Bottom.
In the given image, it is shown
Assistant Regional Manager that authority is flowing from
City Manager regional Head to Assistant
Regional Manager.
Area Manager Responsibility
Responsibility/ Answerability
STYLE BAZAAR Manager
goes from bottom to top. In the
Assistant Manager given image, it is shown that
sales team has to report to
Counter-In-charge counter-in-charge, similarly
Sales team counter-in-charge has to report
to his immediate superior.

3. DISCIPLINE
a. Behaving in a right and desired manner.
b. Obeying the rules and regulation framed by the organization.
c. It is essential at all levels of management.
d. The discipline can be maintained by-
I. Good supervisors,
II. Clear and fair agreements and
III. Proper application of sanctions or penalties.

APPLICATION IN THE STYLE BAZAAR

 All the Employees are required to follow the rules and regulation of
the organization.
 Employees have clear understanding of the do’s and dont’s of the
organization.
 Rules and regulations are clearly mentioned on the website as well
as are given to the employees.
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 Disciplinary action is taken against the employees who do not

follow the instructions.

4. UNITY OF COMMAND
a. One individual employee must receive orders from one individual
superior only.
b. Employees should be answerable to only one superior.

APPLICATION IN THE STYLE BAZAAR

 All the jobs in STYLE BAZAAR are well-defined and
streamlined such that each employee reports to his respective
head/superior.
 Like, Mall manager has full command on his juniors and
answerable to the Mall manager for their performance.

5. UNITY OF DIRECTION
a. An objective should be same for the whole unit of organization and
b. There should be one leadership and one plan.

APPLICATION IN THE STYLE BAZAAR

 Direction flows from the top management and each and every
employee follows the direction set from the top.
 Each employee follows the vision enshrined by the founder,
Shreyans Surana of the organisation.

6. SUBORDINATION OF INDIVIDUAL INTEREST TO GENERAL

INTEREST
a. Organizational interest should be given more importance than
personal interest.
b. Personal interest should be kept aside.
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APPLICATION IN THE STYLE BAZAAR

 Employees of STYLE BAZAAR always come for extra work whenever
needed in the interest of the organisation.
 They put their hard efforts all the time but if some team members are
absent the other Employees take responsibility and put their individual
interest behind the organisational interest.

7. REMUNERATION
a. Remuneration should be fair and satisfactory to both the employees and
the employer.
b. The method of justice must be equitable for all the employees.
c. Sufficient salary should be given for the satisfaction of basic
d. needs of the employees to stop them for getting shifted to other
organization for better remuneration.

APPLICATION IN THE STYLE BAZAAR

 Employees of STYLE BAZAAR are paid on Monthly basis.
 STYLE BAZAAR also follows the pay and reward policy wherein
the better an employee performs the more salary he/she receives.

8. CENTRALIZATION AND DECENTRALIZATION

a. Centralization means where all the key decision taken by the top level
management.
b. Decentralization means where all the key decision taken by lower level
management. In other words “distribution of authority by superiors to
the subordinates”

APPLICATION IN THE STYLE BAZAAR

 At STYLE BAZAAR there is centralised organizational structure.
 Authority is highly centralised and all the tasks and rules are
clearly specified.
 Still ideas are welcomed from the team members and there is no
red-tapism.
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9. SCALAR CHAIN
a. It is the chain where the flow of authority and communication from top
level to lower level management in the form of hierarchy.
b. In the hierarchy, orders and instructions flow downwards.
c. It is said to be scalar when the subordinates report to their immediate
superior.
10.ORDER
a. It is a systematic arrangement that there should be a place for everything
and everything in its place.
b. It does not mean giving command.
c. Order contains two categories social order and material order.
d. Social order means there should be specific place for work during the
working hours.
e. Material order means there should be a specific place for material and
tools, etc.

APPLICATION IN THE STYLE BAZAAR

 At STYLE BAZAAR, High level of order is maintained.
 Everything has its place and everything is at its place all the time, be
it machines, furniture, people.
11.EQUITY
a. It refers to combination of fairness, kindness and justice.
b. Workers increment and promotion should be evaluated on the basis of
their performance.
c. Everyone is equal in the eye of management.

APPLICATION INTO THE STYLE BAZAAR

 Managers at STYLE BAZAAR treat their subordinates and crew
members equally.
 No discrimination is made on the basis of any manner, be it sex,
education, caste, religion, position in the organisation etc.
 Equal level of training, opportunity and promotion is given as per
their performance.
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 Equal level of pay is given for equal level of work.

12.STABILITY OF TENURE OF PERSONNEL
a. An employee should be given sufficient time to adjust to the job
designated to him.
b. He should not be transferred frequently from his work.

APPLICATION IN THE STYLE BAZAAR

 STYLE BAZAAR pays a lot of attention to recruiting the right
employees for its restaurants.
 Management spends a lot of time and efforts in training the new
recruits and is hired after “on-the-job experience”training sessions.
 Proper time is given to employees to assimilate in the culture of
organisation.

13. INITIATIVE
a. Taking the first step in something or Eagerness to do something.
b. Employees or workers should be given opportunity to take initiative to
become different from others.

14. ESPRIT DE CORPS

a. All the employees of the organization are put together as a team.
b. Managers enhance the team spirit in the organization by giving credit to
the workers for their performance.

APPLICATION INTO THE STYLE BAZAAR

 STYLE BAZAAR inculcates team spirit amongst the employees of
a mall by providing performance on the basis of their performance.
 This promotes a feeling of harmony and unity amongst the
employees.
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Conclusion
 It is evident from the analysis of the project; STYLE BAZAAR applies almost
all general principles as developed by Henry Fayol.
 It pays high attention to its valued customers by providing high quality of
material at affordable prices in a pleasant environment.
 Employees are respected, valued, recognised and professionally groomed by
rewarding various incentives in different ways.
 It meets all safety norms and respects the sentiments of the people and laws of
the land.
 STYLE BAZAAR has achieved huge success and emerged as a pioneer in the
fashion industry.
 STYLE BAZAAR has spread across the world in almost all the major cities of
the globe.
 It is essential for an organization to concentrate on its resources viz. people,
environment and the theories of organizational behaviour.

Bibliography
1. http://www.stylebazar.com
2. R.K. SHARMA, SHASHI K. GUPTA, RAHUL SHARMA: 2020 : BUSINESS
STUDIES AND MANAGEMENT (II), KALYANI PUBLISHERS: PAGE: 067-106
1. R. K SINGLA: 2021: BUSINESS STUDIES AND MANAGEMENT (II), VK GLOBAL
PUBLICATION: PAGE: 070-112