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Of
MDU, ROHTAK
Session 2021-2024
1
TABLE OF CONTENT
3. Trainee Profile
4. Research Methodology
7 Bibliography
2
DECLARATION
(Faculty)
Forwarded by:
3
PREFACE
I have completed my training report of VISHAL MEGA MART, this report has been
prepared on the general view of capital budgeting.
The experience that I have gained given me a realistic view of the Financial view of an
industry and surely will guide me throughout my life.
Here I saw the practical application of all those things that we study in our academic
syllabus. In this globalized environment, a person is consider to be a half literate till the
time he/she only has a theoretical knowledge but no practical experience and I got the
chance to gain that practical knowledge and experience by working in this company.
Thus, this experience has acted as a bridge between my practical and academic outlooks.
4
ACKNOWLEDGEMENT
This is a great opportunity to acknowledge and to thanks all those persons without whose
support this project would have been impossible. We like to add a few hurtful words for
the people who were part of this project in numerous ways.
I would like to thanks my research project guide CA. ALKA NARULA for her
indefatigable guidance, valuable suggestion, moral support, constant encouragement and
contribution of time for the successful completion of project work. I am very grateful to
her, for providing all the facilities needed during the project development.
I also express my gratitude to The Director Dr. Satish Ahuja, The HOD CA. Alka
Narula and ALL FACULTY MEMBERS OF BBA II DEPARTMENT OF DAV
INSTITUTE OF MANAGEMENT who have been instrumental in making this report
useful one.
I thank my counselors for her indispensable support and encouragement thought the
project. I would like to thank project guide & all those who helped me directly or
indirectly.
MUSKAN
5
INDUSTRY
PROFILE.
6
INDUSTRY PROFILE
Introduction
The Indian retail industry has emerged as one of the most dynamic and fast-paced industries
due to the entry of several new players. It accounts for over 10 per cent of the country’s
Gross Domestic Product (GDP) and around 8 per cent of the employment. India is the
world’s fifth-largest global destination in the retail space.
Market Size
India’s retail market is expected to nearly double to US$ 1 trillion by 2020 from US$ 600
billion in 2015#, driven by income growth, urbanization and attitudinal shifts. While the
overall retail market is expected to grow at 12 per cent per annum, modern trade would
expand twice as fast at 20 per cent per annum and traditional trade at 10 per cent#.
India’s Business to Business (B2B) e-commerce market is expected to reach US$ 700 billion
by 2020.## Online retail is expected to be at par with the physical stores in the next five
years.
India is expected to become the world’s fastest growing e-commerce market, driven by robust
investment in the sector and rapid increase in the number of internet users. Various agencies
have high expectations about growth of Indian e-commerce markets. Indian e-commerce
sales are expected to reach US$ 120 billion! by 2020 from US$ 30 billion in FY2016.Further,
India's e-commerce market is expected to reach US$ 220 billion in terms of gross
merchandise value (GMV) and 530 million shoppers by 2025, led by faster speeds on reliable
telecom networks, faster adoption of online services and better variety as well as
convenience@.
India’s direct selling industry is expected to reach a size of Rs 23,654 crore (US$ 3.54
billion) by FY2019-20, as per a joint report by India Direct Selling Association (IDSA) and
PHD.
Indian exports of locally made retail and lifestyle products grew at a compound annual
growth rate (CAGR) of 10 per cent from 2013 to 2016.*
The size of modern retail in India is expected to double to Rs 171,800 crore (US$ 25.7
billion) from Rs 87,100 crore (US$ 13 billion) in three years driven by omni-channel retail.
**
7
Investment Scenario
The Indian retail trading has received Foreign Direct Investment (FDI) equity inflows
totalling US$ 935.74 million during April 2000–December 2016, according to the
Department of Industrial Policies and Promotion (DIPP).
With the rising need for consumer goods in different sectors including consumer electronics
and home appliances, many companies have invested in the Indian retail space in the past few
months.
US apparel retail major Gap Inc, has tied up with Arvind Group’s fashion portal NNNow.com
to sell its products online, which will help the retailer expand its presence beyond metros and
tier-I cities.
Hamleys, has stated that India is one of the most important markets for Hamleys globally, and
outlined plans of opening six more stores, taking its total store count in the country to 32 by
the end of March 2017.
Roche Bobois Group, outlined plans of opening new stores in cities like Hyderabad, Chennai,
Pune, Kolkata and Ahmedabad, in order to make India one of its top five markets by 2022.
A joint venture between Dutch asset manager APG Asset Management and real estate asset
platform Virtuous Retail, has acquired a portfolio of three shopping malls for US$ 300
million, and has committed an additional US$ 150 million as equity capital to expand the
portfolio.
Future Consumer Ltd has formed a joint venture (JV) with UK’s largest wholesaler, Booker
Group, with an investment of Rs 50 crore (US$ 7.5 million), to set up 60-70 cash-and-carry
stores in India in the next 3-4 years.
Adidas India Private Limited, outlined plans of opening around 30-40 big flagship stores
across Delhi, Mumbai and Bengaluru, by 2020.
Mad Over Donuts (MoD), outlined plans of expanding its operations in India by opening nine
new MOD stores in Hyderabad and Chennai by March 2017.
Switzerland’s luxury retail brand Bally, plans to re-enter the Indian market in a joint venture
with Reliance Brands Ltd, by opening its first store in New Delhi in March 2017, and
thereafter aiming to expand to four stores in Delhi, Mumbai, Kolkata and Chennai over the
next 3 to 4 years.
Urban Ladder, an online furniture store, is in advanced talks to raise around US$ 25-30
million from existing investors Kalaari Capital, SAIF Partners and Sequoia Capital, along
with one new investor, which will be used to fund its expansion plans.
8
Hennes & Mauritz (H&M), the Sweden-based clothing retailer, is in advanced talks with
Mumbai-based Prakhhyat Infraprojects Pvt Ltd to lease around 275,000 square feet of space
at Bhiwandi, Maharashtra, to set up its first warehousing hub in India.
Future Group has partnered with UK clothing and hardware retailer Laura Ashley to make
and sell merchandise as well as wholesale distribution in India.
Parle Agro Pvt Ltd is launching Frooti Fizz, a succession of the original Mango Frooti, which
will be retailed across 1.2 million outlets in the country as it targets increasing its annual
revenue from Rs 2800 crore (US$ 0.42 billion) to Rs 5000 crore (US$ 0.75 billion) by 2018.
Mr Amit Agarwal, Country Head, Amazon, has stated that India continues to be viewed as a
long-term opportunity and the company would continue to invest aggressively in Indian
operations.
International Finance Corporation (IFC), the investment arm of The World Bank, plans to
invest up to Rs 134 crore (US$ 19.86 million) in Kishore Biyani's Future Consumer
Enterprises Ltd, which is expected to aid the company in driving its growth plans.
Amazon India has opened six new fulfillment centres across Chennai, Coimbatore, Delhi,
Jaipur and Mumbai, which will open up 5.5 million square feet of storage space for sellers on
the marketplace who use the ‘Fulfilled by Amazon’ service.
IKEA, the world’s largest furniture retailer, plans to invest Rs 10,500 crore (US$ 1.56 billion)
to set up 25 stores across India and hire over 15,000 permanent employees and 37,500
temporary employees to assist in running its stores.
Aditya Birla Fashion and Retail Limited (ABFRL) has announced that it will acquire
exclusive online and offline rights of Forever 21, an American fast fashion brand, in the
Indian market.
Massimo Dutti, a premium fashion brand from Spain offering sophisticated womenswear,
menswear, footwear and accessories, has entered India by opening its first store at the Select
Citywalk mall in New Delhi.
Lenskart, India's largest online eyewear retailer, has raised Rs 400 crore (US$ 59.3 million) in
series D round of funding led by World Bank's investment arm International Finance
Corporation (IFC), which will be used to enhance its technology, supply chain, lens
manufacturing, and expand the reach of its high-quality eyewear products across Tier-3 and
Tier-4 cities of India.
Neil Barrett, one of the leading Italian fashion brands, has forayed into the Indian market by
establishing its retail presence through an exclusive partnership with Fervour, a multi-brand
boutique that stocks international designer brands.
New York-based designer brand Kate Spade will be launched in India later this year and will
set up a network of stand-alone stores across major cities, thus becoming one more global
9
brand entering the Indian retail space after the Government of India relaxed single brand retail
norms recently.
KartRocket, a Delhi based e-commerce enabler has completed its US$ 8 million funding
round by raising US$ 2 million from a Japanese investor, which will be used to enhance
Kraftly, a mobile-first online-to-offline marketplace targeting small sellers, individuals and
home-based entrepreneurs in India in product categories such as apparel and accessories.
PurpleTalkInc, a US based mobile solutions company, has invested US$ 1 million in Nukkad
Shops, a Hyderabad based uber-local commerce platform that helps neighbourhood retail
stores take their businesses online through a mobile app.
Mumbai-based baby care and kids products e-tailer, Hopscotch.in, has raised US$ 13 million
in a Series C round of funding from Facebook co-founder Mr Eduardo Saverin, which will
help the firm in growth and expansion of its technology platform.
Gurgaon-based e-commerce firm Shopclues has raised US$ 150 million from Singapore
government's GIC and its existing investors Tiger Global and Nexus Venture Partners, at a
valuation of US$ 1.1 billion, thereby becoming the latest among several e-commerce
companies from India reaching a billion dollar valuation.
Adidas AG, renowned for its Adidas and Reebok sports brands, has become the first foreign
sports company to get government approval to open 100 per cent foreign-owned stores in
India.
Walmart India plans to add 50 more cash-and-carry stores in India over the next four to five
years.
Aeropostale, an American teen fashion retailer, has chosen to enter India over China, and
expects India to be among its top three markets over the next four years with revenue target of
Rs 500 crore (US$ 74.12 million).
Opinio, a hyperlocal delivery start-up, has raised US$ 7 million in a Series-A funding from
Gurgaon-based e-commerce fulfilment service firm Delhivery along with investment from
Sands Capital and Accel Partners.
Textile major Arvind Limited has announced a partnership with Sephora, owned by LVMH
Moet Hennessy Louis Vuitton, a French luxury conglomerate, in order to enter into the beauty
and cosmetics segment.
Abu Dhabi-based Lulu Group plans to invest Rs 2,500 crore (US$ 370.6 million) in a fruit
and vegetable processing unit, an integrated meat processing unit, and a modern shopping
mall in Hyderabad, Telangana.
Aditya Birla Retail, a part of the US$ 40 billion Aditya Birla Group and the fourth-largest
supermarket retailer in the country, acquired Total hypermarkets owned by Jubilant Retail.
US-based Pizza chain Sbarro plans an almost threefold increase in its store count from the
current 17 to 50 over the next two years through multiple business models.
10
Government Initiatives
The Government of India has taken various initiatives to improve the retail industry in India.
Government of India has allowed 100 per cent Foreign Direct Investment (FDI) in online
retail of goods and services through the automatic route, thereby providing clarity on the
existing businesses of e-commerce companies operating in India.
The Government of Andhra Pradesh signed pacts worth Rs 1,500 crore (US$ 222.36 million)
in a wide range of sectors including retail and steel and gas with Walmart India, Future
Group, Arvind Lifestyle Brands Ltd and Spencer’s Retail, during the Partnership Summit in
Visakhapatnam, while also unveiling a retail policy aimed to attract retail businesses to invest
in the state.
The Ministry of Urban Development has come out with a Smart National Common Mobility
Card (NCMC) model to enable seamless travel by metros and other transport systems across
the country, as well as retail purchases.
IKEA, the world’s largest furniture retailer, bought its first piece of land in India in
Hyderabad, the joint capital of Telangana and Andhra Pradesh, for building a retail store.
IKEA’s retail outlets have a standard design and each location entails an investment of around
Rs 500–600 crore (US$ 74–89 million).
The Government has approved a proposal to scrap the distinctions among different types of
overseas investments by shifting to a single composite limit, which means portfolio
investment up to 49 per cent will not require government approval nor will it have to comply
with sectorial conditions as long as it does not result in a transfer of ownership and/or control
of Indian entities to foreigners. As a result, foreign investments are expected to increase,
especially in the attractive retail sector.
11
Road Ahead
E-commerce is expanding steadily in the country. Customers have the ever increasing choice
of products at the lowest rates. E-commerce is probably creating the biggest revolution in the
retail industry, and this trend would continue in the years to come. Retailers should leverage
the digital retail channels (e-commerce), which would enable them to spend less money on
real estate while reaching out to more customers in tier-2 and tier-3 cities.
Both organised and unorganised retail companies have to work together to ensure better
prospects for the overall retail industry, while generating new benefits for their customers.
Nevertheless, the long-term outlook for the industry is positive, supported by rising incomes,
favourable demographics, entry of foreign players, and increasing urbanisation.
Exchange Rate Used: INR 1 = US$ 0.015 as on February 9, 2017
12
PROFILE OF THE
COMPANY.
13
PROFILE OF THE ORGANIZATION/COMPANY
Vishal is one of fastest growing retailing groups in India. Its outlets cater to almost all price ranges.
The showrooms have over 7000 products range which fulfills all your household needs, and can be
catered to under one roof. It is covering about 1282000 sq. ft. in 18 state across India. Each store gives
you international quality goods and prices hard to match. The cost benefits that are derived from the
large central purchase of goods and services are passed on to the consumer.
What started as a humble one store enterprise in 1986 in Kolkata(Erstwhile, Calcutta) is today a
conglomerate encompassing 51 showrooms in 39 cities. India’s first hyper-market has also been
opened for the Indian consumer by Vishal. Situated in the national capital Delhi this store boasts of
the single largest collection of goods and commodities sold under one roof in India. The group had a
turnover of Rs. 1463.12 million for fiscal 2005, under the dynamic leadership of Mr. Ram Chandra
Aggarwal . The group had of turnover is 2884.43 million for fiscal 2006 and Rs. 6026.53 million for
fiscal 2007. The group’s prime focus is on retailing. The Vishal stores offer affordable family fashion
at prices to suit every pocket. The group’s philosophy is integration and towards this end has initiated
backward integration in the field of high fashion by setting up a state of the art manufacturing facility
to support its retail endeavors.
CORPORATE PROFILE
Vishal Retail Ltd. has a factory in Gurgaon, Haryana. This factory has more than 700 imported
machines that have a capacity to manufacturer 150000 pieces a month. The factory occupies 80000 sq
14
ft of covered space. The Vishal group indirectly gives employment to more than a 1000 people. These
people work in ancillaries that supply finished goods to the company. Our 10 warehouses cater to 51
showrooms in 39 cities. It is covering about 1282000 sq. ft. in 18 state across India. By the end of
March 2007 we will expand our outlets to 61 companies owned outlets and many franchise operations
Our loyalty programme gives the Indian consumer of being rewarded every time he makes a purchase
at any of our stores anywhere in the country. Consumers can make purchases at any store and
accumulate points at a central level. These points are redeemable at any of our stores. You can
accumulate points even when you make a purchase while traveling and redeem points at any store. So
no matter where you are in India you can partake in our loyalty programme. Our dedicated
professional Quality Control team ensures the quality of products. Our quality checks start the basic
cloth and accessories and end with our doing a full inspection on the finished items. We believe that
Quality Control is the key to success. Our goal is to give the customer with the best quality and value
for his money.
We will deliver defect - free products, services and solutions to meet the requirements of our external
and internal customers the first time every time & quot;
MISSION STATEMENT
We share the vision and belief that our customers and stakeholders shall be served only by creating
and executing future scenarios in the consumption space leading to economic development. We will
be the trendsetters in evolving delivery formats, creating retail realty, making consumption affordable
for all customer segments – for classes and for masses.We shall infuse Indian brands with confidence
and renewed ambition. We shall be efficient, cost- conscious and committed to quality in whatever we
do.We shall ensure that our positive attitude, sincerity, humility and united determination shall be the
driving force to make us successful.
15
VISION STATEMENT
Future Group shall deliver Everything, Everywhere, Everytime for Every Indian
Respect & Humility: to respect every individual and be humble in our conduct.
Simplicity & Positivity: Simplicity and positivity in our thought, business and action.
To fuel initiative and foster activity by allowing individuals freedom and action and innovation in
attaining defined objectives.
16
Our Products
HOME FURNISHING
Carpet Pillows
Kitchen Bathroom
more...
FOOD MART
Snacks
Drinks
17
Swimming Costumes Tennis Racket
Fitness Equip.
Personal Gym
FOOTWEAR
BOYS GIRLS
Shoes Slippers
Sandals Sandals
LADIES MENS
Shoes Shoes
Slippers Slippers
more...
TELEMART
Mobile Charger
Mobile Dori
MENS
Upper Lower
18
Shirt Casual Jeans(MP)
T-Shirts Blazer(WMB)
Dupatta Windcheater(WMW)
Sherwani Jacket
more...
LADIES ACCESSORIES
Upper Lower
Nighty Jackets
Lancha Stawl
Sharara Blazer
more...
INFANTS
Garments Accessories
19
Baba Suit Socks
Winter Wear
Sweater
Pull Over
more...
WOMEN
Fancy(SRF) Cap(LCA)
Synthetics Socks(Las)
Banarsi
Jewellery Cosmetics
more...
KIDS BOYS
Dungries Jacket
Upper Ethnic
20
Shirt Formal Kurta- Pyjama
T-Shirt Sherwani
more...
KIDS GIRLS
Upper Ethnic
Tops(GWT) Sharara
Frock(GFK) Lancha
more...
TRAVEL ACCESSORIES
Executive Bag
School Bags
Waist Pouch
Vanity Cases
HOUSEHOLD
21
Home Aids Pressure Cooker Non Stick
Goods
LIFESTYLE
more...
22
Non-Musical Other Dolls Scooters
more...
STATIONARY
Party Stuff
Balloons
Ribbons
Our Products
GARMENTS
MEN WOMEN
BOYS GIRLS
INFANTS
Home Furnishing
23
FOODMART
HOUSE HOLD
Vishal Mega Mart is one of India’s fastest growing retail chains. The chain currently has 51 company
stores in 39 cities in India. The Vishal brand is known for great modern style for men, women and
children. Vishal offers high level fashion styling. Since 1986, our name has been synonymous with
quality, value and fashion integrity. We offer an unparalleled collection of clothes for the entire
family. Each garment is hand selected for quality and contemporary styling. Vishal manufactures
majority of its own garments and out sources some under its direct quality supervision. This enables
us to offer the lowest possible and most reasonable prices Our goal is to provide a range of fashion
wear to suit every pocket. Our product mix represents the most current fashion trends in tops,
bottoms, formals and accessories for men, women and kids . Our courteous staff will ensure that
consumers get a perfect fit.
Zeppelin : Mens Shirts & Trousers Fizzy Babe : Ladies & Kids Girls Kitaan Studio : Mens
Shirts & Trousers Jasmine : Ladies & Kids Girls Blues & Khakis : Mens Trousersero
Degree : Kids Boys Paranoia : Mens Shirts & T-Shirts Soil : Mens Shirts Chlorine : Mens Shirts
Massa Bay : Mens Trousers & Bermudas Fume : Mens Shirts, T-Shirts, UnderGarments.
24
FINANCIAL POSITION
COMPANY STATUS
Quarterly Annual(2007)
Employees 6,801
25
TRAINEE PROFILE.
26
TRAINEE PROFILE
27
RESEARCH
METHODOLOGY
28
RESEARCH DESIGN
RESEARCH:
Research can be described as a systematic and organized effort to investigate a specific problem that
needs a solution. It is a process of planning, acquiring and analyzing relevant data and information.
Research provides the needed information that guiles managers to make decisions.
RESEARCH METHODOLOGY:
A way to systematically solve the research problem by logically adopting various steps.
Methodology helps to understand not only the products of scientific inquiry but the process itself.
Aims to describe and analyze methods, throw light on their limitations and resources, clarify their
presuppositions and consequences, relating their potentialities to the twilight zone at the ‘frontiers
of knowledge’
It is necessary for researcher to define conceptual structure which research would be conducted. The
function of research design so as to provide for the collection of relevant evidence with minimum
expenditure of efforts, time and money. In this project the research design was as follows.
29
SAMPLE SIZE, TECHNIQUE
AND
DATA INTRPRATION
30
SAMPLE SIZE AND TECHNIQUE
SAMPLE DESIGN:
The method used for sample technique is convenient sampling method.
SAMPLE SIZE:
Sample size:- 100.
ANALYSIS PATTERN
I have used Questionnaire Method. Some of the software’s used for making this project will
be Ms Word and Ms Excel. The Data collected is shown through Graphs and Pie Charts.
31
DATA COLLECTION:
The data are collected from both primary and secondary sources.
Primary Data
Primary data collected through face to face interview, observation, and by participation in the
selecting process.
Secondary Data
The secondary data is collected from website, magazine, memorandum, journals, books and
some other relevant sources.
Both primary data and secondary will be used to generate this report. Primary data sources
are scheduled, survey, informal discussion with professionals. Secondary data sources are the
data used previously for the analysis and the results are undertaken for next process.
Investment Decision
32
4. Public & Others 25.55
Total 100.00
50,001to1,00,000 34 0.05
33
DATA ANALYSIS
The term analysis means the computation of certain measures or indices along with searching for
patterns of relationship that exists among data group. Merely collection of data cannot be the aim of
any research activity but with the help of collected data a researcher tries to draw the conclusions
made generalization, establishes relationship between two or more variable, test the hypothesis. Under
the process of analysis of data some statistical methods are used to make data meaningful and self
explanatory. The process of analysis of data made the data to speak about themselves. By analysis,
mean the determination of certain indices or measures along with searching for pattern of relationship
that exists among the data group.
INTERPRETATION
Interpretation means drawing inferences from the collected facts after the analytical study. According
to C. William Emory, interpretation has two major aspects namely establishing continuity in research
through linking the results of a given study with those of another and the establishment of some
relationship with the collected data. Interpretation is the device through which the factors that seem
to explain what has been observed by researcher in the course of the study can be better understood.
Interpretation provides a theoretical conception which can serve as a guide for further research.
34
1.) Does Capital budgeting decision affect the profitability of the firm?
No 25
Others 25
Table no.1
25%
YES
NO
50%
OTHERS
25%
35
2.) Does decision are taken by any organization?
Yes 45
No 30
Others 25
Table no. 2
25%
45%
YES
NO
OTHERS
30%
36
3.) Is funds are invested in the long term asset?
Yes 70
No 20
Others 10
Table no. 3
10%
20%
YES
NO
OTHERS
70%
37
4.) Future profits are not certain.
Yes 40
No 50
Others 10
Table no. 4
10%
40%
YES
NO
OTHERS
50%
38
5.) The process of decision is lengthy.
Yes 45
No 40
Others 15
Table no. 5
15%
YES
45%
NO
OTHERS
40%
39
6.) Involve high risk.
Yes 30
No 30
Others 40
Table no. 6
30%
40%
YES
NO
OTHERS
30%
40
7.) Capital budgeting decision is a difficult decision.
Yes 55
No 30
Others 15
Table no. 7
15%
YES
NO
OTHERS
30% 55%
Yes 60
No 35
Others 5
Table no. 8
70
60 60
50
40 35
30
20
5
10
0
YES NO OTHERS
42
9.) Process should be simple and easy to predict.
Yes 20
No 70
Others 10
Table no. 9
80 70
60
40 20
20 10
0
YES NO OTHERS
43
10.) Require large amount of funds.
Yes 25
No 35
Others 40
Table no. 10
40
30
20
10
0
YES NO OTHERS
44
Interpretations from the above study
1) According to the above figure the responses of the respondents are 50% the decisions affect
the profitability of the firm.
2) The response of the respondents is 45% in favour of decision taken by organization and 30%
are not in favour.
3) In the figure 4.3, 70% respondents are response in invested in the Long term assets which are
beneficial of the company .
4) Above figure 4.4 shows that future profits are not certain is considered by 40% from the point
of view of the respondents.
5) In the above drawn figure no 4.5 ,Capital budgeting decisions are very lengthy process as
viewed by 45% respondents.
6) Above figure no 4.6 shows that the response of the respondents is 30% in favor of
involvement of risk in capital budgeting decision and rest are opposite to them.
7) In the above diagram ,15% respondents are in favor of the difficulty in capital budgeting.
8) The responses of the respondents is 60%, it considered that capital budgeting decisions are
easy to change but 35% are satisfied that it is easy to change.
9) Only 20% respondents are responses that procedures of capital budgeting decision should be
simple and 70% are said that its procedures are not very easy.
10) Only 25% respondents are aware that requirement of funds are large in the company and rest
are not.
11)
45
SUMMARY OF MAJOR OBSERVATIONS
Carefully estimate expected future cash flows.
Select a discount rate consistent with the risk of those future cash flows.
Compute a “base-case” NPV.
Identify risks and uncertainties. Run a sensitivity analysis.
Exists whenever enterprises cannot, or choose not to, accept all value creating investment
projects.
Relax and eliminate the budget constraint.
Manage the process rather than the outcomes.
Develop a corporate culture committed to value creation.
46
FINDINGS
Most of the respondents of VISHAL MEGA MART say that selection policy is linked to
productivity.
Manpower selection has been rationalized by way of automation as said by most of the
respondents at VISHAL MEGA MART.
Executives of VISHAL MEGA MART say that positions are clearly defined in the
recruitment process.
Most of the executives of VISHAL MEGA MART say that they were in support of the
selection policy of their organization.
In VISHAL MEGA MART selection policy is done by the support of the top
management.
In VISHAL MEGA MART most of the managers prefer personal interviews.
RECOMMENDATIONS
47
Bibliography
Books
Goel R., Financial Management, Avichal Publishing company, Edition 2 nd, 2015.
Eugene F. Brigham, Fundamental Management, South Esteem, Edition 2nd, 1998.
Kulkarni P.V., Financial Management
Pandey I.M. Financial Management
Business India
Business Today
Economic Times
Websites
www.ecel.com
www.crisil.com
www.icra.com
www.camsonline.com
Google.com
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….
49