LOVELY PROFESSIONAL UNIVERSITY

SCHOOL OF-MITTAL SCHOOL OF BUSINESS

Name of the faculty member: Dr. Neelam Kaushal

Course Code: MGN101 Course Title: Business Organization

and Management
Academic Task No:1 Academic Task Title: Online
Date of Allotment:13 SEP 2023 Date of Submission: 24 SEP 2023
Student Roll No: RQ2317A26 Student Reg. No:12316379
Term: Mid term Section: Q2317

Max. Marks: 30 Marks. Obtained

Q-1 Choose an organization which should be a government public

enterprises form of business organization and determine the process
of setting up a government public enterprise?
Ans: -. Public enterprises are owned and operated by the government to provide essential
goods and services, promote economic development, or achieve specific social objectives.
Here's a step-by-step guide on how to establish a government public enterprise in the
chemical industry:

• Feasibility Study and Planning:

• Identify the specific objectives and purpose of the public enterprise in the chemical
industry. Determine whether it's for manufacturing, research and development, or
any other purpose.
• Conduct a comprehensive feasibility study to assess the market demand, potential
competition, financial viability, and socio-economic impact of the enterprise.
• Develop a detailed business plan outlining the enterprise's structure, goals, and
expected outcomes.
• Legal Framework:
• Consult with legal experts to establish the necessary legal framework for the public
enterprise. This includes creating legislation, regulations, and policies that govern
its formation and operation.
• Ensure compliance with existing laws and international treaties related to the
chemical industry, safety standards, environmental regulations, and labor laws.
• Capitalization:
• Determine the initial capital required to establish the chemical industry public
enterprise. This may involve budget allocations from the government, loans, or a
combination of both.
• Establish a clear financial structure, including equity and debt financing, to fund the
enterprise's operations and growth.
• Board of Directors and Leadership:
• Appoint a board of directors with relevant expertise and experience in the chemical
industry to oversee the enterprise's operations.
• Hire a qualified executive team, including a CEO or managing director, to lead the
organization.
• Site Selection and Infrastructure:
• Identify and acquire suitable land and facilities for the chemical enterprise. Consider
factors such as proximity to raw materials, transportation networks, and
environmental impact.
• Invest in the necessary infrastructure, such as production facilities, laboratories, and
storage areas, to support chemical manufacturing or research activities.
• Regulatory Compliance and Environmental Assessment:
• Ensure compliance with environmental regulations and obtain necessary permits
and licenses for chemical manufacturing or research.
• Conduct environmental impact assessments and implement mitigation measures as
required.
• Human Resources and Training:
• Recruit and train a skilled workforce with expertise in chemistry, safety protocols,
and relevant industry practices.
• Develop human resource policies and programs to attract and retain top talent.
• Operations and Quality Control:
• Establish standard operating procedures (SOPs) for chemical manufacturing or
research, with a strong focus on safety and quality control.
• Implement rigorous quality control measures and ensure compliance with industry
standards.
• Marketing and Distribution:
• Develop marketing strategies to promote the enterprise's chemical products or
services.
 • Establish distribution channels to reach target customers, which may include
government agencies, private companies, or international markets.
• Monitoring and Evaluation:
• Continuously monitor the enterprise's performance, financial health, and adherence
to its stated objectives.
• Evaluate the impact of the public enterprise on the chemical industry and the
broader economy.
• Transparency and Accountability:
• Maintain transparency in financial reporting and governance to ensure public trust
and accountability.
• Engage with stakeholders, including the public, industry experts, and regulatory
bodies, to gather feedback and make improvements.
• Review and Adaptation:
• Periodically review the enterprise's operations, business plan, and goals to adapt to
changing market conditions and government priorities.
• Make necessary adjustments to ensure the enterprise remains effective and
efficient.

Q-2 Analyze the organization's history their product /services

(expansion/diversification /growth) and Organizational structure
(hierarchy) total number of employees, annual turnover (profit),
locations/ branches involved in the organization?
Ans: -. chemical industry public enterprise, including information on its history,
products/services, expansion/diversification/growth, organizational structure, total
number of employees, annual turnover (profit), and locations/branches. Keep in mind that
this is a fictitious example, and real organizations will have their unique histories and
structures.

Organization Name: ChemCorp

History: ChemCorp was established in 1965 as a state-owned chemical manufacturing
company with the aim of fostering industrial growth and self-sufficiency in the chemical
sector. Over the years, it has played a pivotal role in the development of the nation's
chemical industry, providing a wide range of essential chemicals to various sectors,
including agriculture, pharmaceuticals, and manufacturing.

Products/Services:
• Agrochemicals: ChemCorp produces fertilizers, pesticides, and herbicides to
support agriculture and boost food production.
 • Pharmaceutical Intermediates: The company manufactures key chemical
intermediates used in pharmaceutical drug production.
• Industrial Chemicals: ChemCorp supplies various industrial chemicals, such as
solvents, acids, and bases, for manufacturing and processing industries.
• Environmental Solutions: The enterprise has diversified into providing eco-
friendly solutions, including wastewater treatment chemicals and pollution control
technologies.
Expansion/Diversification/Growth: Over the decades, ChemCorp has experienced
significant growth and diversification:
• Expanded product portfolio to meet evolving market demands.
• Established R&D facilities for innovation and product development.
• Entered international markets, exporting chemicals to neighboring countries.
• Invested in green technologies to minimize environmental impact.
• Collaborated with government agencies to promote sustainable agriculture
practices.
Organizational Structure (Hierarchy): ChemCorp follows a typical hierarchical
structure:

• Board of Directors: Overseeing strategic decisions and corporate governance.

• Chief Executive Officer (CEO): Responsible for overall management and
strategic direction.
• Executive Management Team: Heads of various divisions, including
Production, Sales, Research & Development, Finance, and Human Resources.
• Departments/Units: Each division is further divided into departments or units
based on specific functions.
• Employees: ChemCorp employs approximately 1,500 individuals across its
various locations.
Annual Turnover (Profit): As of the last fiscal year (2022), ChemCorp reported an
annual turnover of $500 million with a net profit of $40 million.

Locations/Branches: ChemCorp has multiple facilities and branches across the

country, strategically located near major industrial centers, agricultural regions, and
research hubs. Notable locations include the headquarters in the capital city and regional
branches in key cities and industrial zones.

Q-3 Evaluate the challenges faced by the organization from its

stakeholder and present your viewpoint to overcome these
challenges?
1. Environmental Concerns:
• Challenge: Environmental groups and concerned citizens may raise issues related
to pollution, waste disposal, and the environmental impact of chemical
manufacturing.
• Viewpoint: Implement stringent environmental management practices, invest in
eco-friendly technologies, and engage in transparent reporting of environmental
performance. Collaborate with environmental organizations to address concerns
and continuously improve sustainability efforts.
2. Regulatory Compliance:
• Challenge: Government regulations and compliance requirements can be complex
and subject to frequent changes. Ensuring adherence to these regulations is
essential.
• Viewpoint: Establish a dedicated compliance department to stay updated on
regulatory changes and ensure full compliance. Maintain open communication
channels with regulatory authorities and proactively seek guidance on compliance
matters.
3. Employee Welfare and Safety:
• Challenge: Employees may raise concerns about workplace safety, fair
compensation, and job security.
• Viewpoint: Prioritize employee safety through comprehensive training, regular
safety audits, and a strong safety culture. Implement fair compensation policies and
engage in open dialogue with employee representatives to address concerns.
4. Community Engagement:

• Challenge: Local communities may have concerns about the impact of chemical
manufacturing on their health, safety, and quality of life.
• Viewpoint: Establish community outreach programs to engage with residents,
share information about safety measures, and address concerns. Implement robust
risk assessment and emergency response plans to ensure the safety of nearby
communities.
5. Economic Sustainability:
• Challenge: Economic factors, such as market volatility and changing demand for
chemical products, can affect the organization's financial stability.
• Viewpoint: Diversify the product portfolio to reduce dependency on specific
markets. Invest in research and development to stay competitive and adapt to
market changes. Maintain a robust financial management strategy to navigate
economic challenges.
6. Transparency and Accountability:
 • Challenge: Stakeholders, including the government and the public, may demand
transparency and accountability in financial and operational matters.
• Viewpoint: Implement transparent financial reporting practices. Publish annual
reports detailing financial performance, sustainability efforts, and community
engagement initiatives. Engage with stakeholders through regular meetings and
feedback mechanisms.
7. Innovation and Research:

• Challenge: Staying innovative and competitive in the chemical industry requires

continuous research and development efforts.
• Viewpoint: Invest in research and development to develop new products,
improve existing ones, and reduce environmental impact. Collaborate with
academic institutions and research centers to access cutting-edge technology and
talent.
8. Government Interactions:
• Challenge: Balancing the interests of government stakeholders, who may have
political agendas, can be challenging.
• Viewpoint: Maintain a cooperative and non-partisan approach in dealings with
government agencies. Focus on the organization's mission and objectives to avoid
being drawn into political disputes.
9. Supply Chain Resilience:
• Challenge: Supply chain disruptions, including raw material shortages or
transportation issues, can impact production.
• Viewpoint: Diversify suppliers and establish contingency plans for supply chain
disruptions. Maintain strategic stockpiles of critical raw materials when feasible.