Chapter-01
INTRODUCTION AND BACKGROUND
1.1 Introduction:
Internship experience plays a vital role for every student to implement their
theoretical knowledge and get a practical knowledge from any organization. For
completing my BBA degree internship report is one of the parts at the final semester
of Department of Business Administration, Northern University, Bangladesh. Crystal
Agencies gives me the opportunity for gathering practical experience and
preparation of the report. Authority of Northern University (NUB) assigns me to find
a company for my internee and I also get opportunity to the Crystal Agencies. CA
advertised the job opportunity for BBA holder then I was sent my CV and they called
me and take my interview and finally I got this job. Finally I prepared this report
under the supervision of Jannatul Mawa Nupur, Lecturer of Northern University,
Bangladesh. Department of Business Administration.
1.2 Background:
I am the student of Business Administrative as a fulfillment BBA degree I have to a
complete an internship report. My honorable supervisor Jannatul Mawa Nupur
assigned me to prepare this report on Marketing Performance Analysis of Crystal
Agencies: A Case Study on ECR Machine This had the formal approval of my
supervisor of Business Faculty. This report is prepared based on the qualitative
research.
1.3 Objectives of the Report:
The main objective of the report is to fulfill the requirement of internship program of
Bachelor of Business Administration (BBA). To fulfill my requirement, I have divided
objectives into two aspects. The Broad Objectives are to know about Crystal
Agencies and this companys overall Operational activities. The Specific Objectives
are written below:
* To gather knowledge about the production system of the company.
* To know the status of chemicals market of the company.
* To know about the company and its distribution mechanism of Crystal Agencies.
* To gather knowledge about the strategies of marketing mix of Crystal Agencies.
* To analysis the production strategies of Crystal Agencies.
* To find out some practical experience about chemical sales structure of the
company.
* To know management system of this company.
* To identify supply chain of the company.
1.4 Rationale of the Report:
Preparation of this has various rational those are given bellow:
Human right agencies, social development agencies, and the other organization who
are working for the socio-economic development can use this report to get overview
about the social compliance issues of the Electronic Cash Register.
New venture and the group who consider starting this business and others related
business can use this report for, knowing what are the compliance issues in the
Electronic Cash Register, execution of development, application of business strategy
and what will be important issues to survive in the ECR market. Once a company has
decide to go international, it has to decide the degree of marketing involvement and
commitment it is prepared to make. These decisions should reflect considerable
study and analysis of market potential and capabilities this report some how help
them.
The competitor of the electronics company can use this report to gain experience
and know how to change strategy and tactic gradually. all Hotel, Restaurants, Fast
Food, Sweet Shops, Furniture Shops, Beauty Parlors, Community Centers, Shopping
Center, Departmental Stores, General Stores, Another Big and medium Shops. For
the above reason this report is initiated as a part of my internship program and that
will help for my graduation form the Department of Business Administration,
Northern University, Bangladesh.
1.5 Methodology:
The internship report plays a good role for me of Bachelor of Business
Administration, because that gives somehow practical experience to implementation
of the theoretical knowledge. Without adopting proper methods it is difficult to
conduct a successful research. The optimum outcome of the research depends
largely upon the adopting of the proper methods suitable to the research topic in the
field of investigation.
To prepare this report I mostly depend on the experience and secondary data beside
this I also use primary data. Company Insight, advertising, Catalogs of the Company
brochures, books, reports etc are the source of secondary data. Based on this
information I prepare this qualitative report because it was having an unstructured
exploratory research methodology based on observation for providing insights of the
report topic.
staff we are capable of delivering on time and have a long list of satisfied customers.
2.2 Culture:
This organization is one of the most disciplined organizations with a distinctive
culture. People here believe in shared meaning, shared understanding and shared
sense making, they can see and understand events, activities, objects and situation in
a distinctive way. They mould their manners and etiquette, character individually to
suit the purpose of the and the needs of the customers who are of paramount
importance to the company. The people in the organization see themselves as a tight
knit team that believes in working together for growth. The culture they belong has
not been imposed; it has rather been achieved through their cultural conduct.
2.3 Kinds of organization choose:
I choose a company guided by the international marketing orientation that is ECR
sectors. This sector play vital role in sector of business of Bangladesh. Crystal
Agencies is a renowned name in the electronics company; this company is one of the
leading electronics company. The company is fully committed and involve in
international marketing activities. CA Electronics Company seeks markets for total
Bangladesh.. The company want maximize profit by providing competitive price and
transparent business operations within the legal and social framework.
2.4 Working Employees of Company
Present working employees of the company 100 persons,
2.5 Key Personnel of Crystal Agencies
The key personnel of Crystal Agencies are given below:
* Md. Monir Hossain Marketing Research and Development Manager
* Romesh Bissash Human Resource Manager
* Md- Asaduzzaman International Marketing Manager
2.6 Vision:
To be the best Organization in Bangladesh in terms of efficiency, capital adequacy,
asset quality, sound management and profitability having strong liquidity.
2.7 Mission
* To ensure quality of the products.
* To provide excellent quality services
* To maintain business ethics
* To maintain the delivery just in time.
* To satisfy the customers needs and wants.
* To achieve more orders from the Customers.
2.8 Objective:
* To follow the highest ethical standards.
* Total committed to the needs of customer.
* Preserving the companys leading position in the national market of import side.
* Continuous improvement of all work process.
2.9 The Key function of the total Company
Every company has some functions or activities. As usual Crystal Agencies (CA) has
some functions. These are given below
2.9.1 The main activities
The main activities of the company are to sale of product. Despite of the stiff
competition in the market the company availed to maintain its increasing growth
tendency as well as market leadership.
2.9.2 Social commitment
It is also another great pleasure to mention that company is always tried to
contribute in every aspect in the development of the country. During the year
contribution in the well being of the nation, company organized directly and in same
cases by provided the financial and technical support to help the society through the
development of education, environment, sports and cultural sector of the nation.
2.9.3 Task of the marketing Division
The marketing sector is very important part of any organization because after
producing products the next activities come for marketing division such as how to
market the products, how to create the awareness based upon the specific branded
product to the consumers mind. But CA importing for all products, as a marketing
student I have chosen the marketing division of Crystal Agencies for my internship
program.
During my internship I have seen that there are some activates of marketing division
of Crystal Agencies these are given below:
At first as sales activities manages have to maintain their daily sales. Then they have
to forecast their next days sales based on the daily sales and they also have to think
about the targeted sales. Another main duty of the managers is to monitor the
dealers.
Chapter-03
INTERNSHIP POSITION AND DUTIES
3.1 Internship Positions:
My department of internship program is under marketing department. So I am fully
involved in marketing department. But I have to know about whole organizations
work so that our management put us on every department for several days. For this
decision of management I am very happy because I know every departments
function clearly.
Every day I have to go office at 9.00 am like all there employees and stay up to 5.00
pm. Some days my work area is in office and some days work was out of office, in
the field. Management scheduled me what time I will spend in what department. On
those guidelines I stay at various departments at various days and learnt something
new everyday.
I have learnt many things from this company about office work about Electronics
Companys dealing with customer.
In the company my daily working hour started at 09am and at 05pm. During that
time I did not have any organized or systematic duty. Sometimes as an assistant my
duty was to observe the different functions of the company.
3.3 Problem Solving
Some times customer faces various kinds of problem. Though some problems made
by company are other employee but have to solve by sales persons. Even company
knows that for this mistake sales persons io not responsible but customer tolled to
sales persons about the problem. Then we sales person solved it by the help of
Crystal Agencies.
Employee who is responsible for this problem. One day we received a problem from
a customer that his credit invoice, which we provided, is incorrect. Then that called
us and tolled us that solve this problem and make accurate invoice. We received that
invoices number and come to office. At our office we provided it to the billing sector
with the note that it is incorrect and please make appropriate invoice for this
particular customer. After that day, next day we received the correct invoice from
our accounts and send it to the customer directly and said we are sorry and next
time these type mistakes will not be happen.
There are also some other examples that we went to the customer and customer
contact person of the company was not in office. Then we talked to other people of
that office and come out. One of my Internee periods we sales person and I were
gone to a client visit and when we reached his office, he said that they are not
interested to continue business with us. We tired to fine out problem and want to
talk about the problem but even he is not agreeing to talk with us regarding
problem. But we were still waiting and waiting to talk with him about the problem
and near about after one our he called us from waiting room to his room and started
to talked regarding the problem. We talked about the problem after some time time
he understood that this is not out mistake. This mistake happened due to holiday at
product office. The mistake was that his product was reached the destination after
to days than the required days to reach destination and when he understood the
mater than he said no problem; they will continue business with us. We thanked to
him and left that room.
I was involved in a project that was like this: One sales person of Crystal Agencies
were leaving Crystal Agencies and company rules is, when a sales persons wants to
leave then he was to hand over all accounts Client to other sales person or to
company and have to introduce alternative person who will deal with the customer
on next time. Then another work of leaving dales person is, have to collect a balance
Chapter-04
ANALYSIS AND FINDINGS
Crystal Agencies Company target all Hotel, Restaurants, Fast Food, Sweet Shops,
Furniture Shops, Beauty Parlors, Community Centers, Shopping Center,
Departmental Stores, General Stores, Another Big and medium Shops. Because NBR
says first targeted this shops.
4.8 Competitor analysis:
Crystal Agencies company identify the following competitors are compete
extensively. South Link Worldwide Ltd, Aclas, Paswa, Datex, Casio, Others, so on.
Crystal Agencies Company assess objective, strategy, straight, weakness of the same
level company and try to capture strategy and philosophy and remove weakness as
possible.
Competitors Analysis
Strength of the major competitors | Percentages of sales |
South Link Worldwide Ltd | 32% |
Aclas | 20% |
Crystal Agencies | 14% |
Paswa | 10% |
Datex | 8% |
Casio | 6% |
Others | 10% |
:
Graph: Competitors Analysis
4.9 Positioning
Crystal Agencies Companys competitive advantages is higher quality lower price,
offering more benefit to the customers, those feature differentiate the company
from the competitors. Crystal Agencies Company products exist in the market on the
basis of it, competitive price, maintain stick delivery schedule and standard quality
products.
4.10 Product Management:
Manager of Marketing and Sales Department leads a team of highly qualified
employees and sales executives selected among the high profile young and energetic
persons. A group of well-trained people always ensures the smooth operation of
machinery and research team will always try to improve the new quality by research
and development.
4.11 Pricing approaches:
Companies set prices by selecting a general pricing approach that includes three set
of factor the cost base pricing , value base pricing, competition base pricing.
Crystal Agencies company follow competition base pricing so the customers will base
their judgments of products value on the price that competitor charge for similar
products.
Crystal Agencies sometime charge it products price more that or less then its major
competitors.
Prices List of Apparition:
FEATURE | EX-300 | EX-500 | ZEKA-02 | ZEKA M | TREMOL E. | E.XPERT |
PLU | 15400 | 2100 | 2200/1000 | 2000/1000 | 10000 | 7500 |
Department | 20 | 10 | 9 | 9 | 20 | 50 |
Key Board | 20 | 16 | 9 | 9 | 20 | 20 |
Financial Memory | Included | Included | Included | Included | Included | Included |
Vat Classes | 8 | 8 | 8 | 8 | 8 | According to local legislation |
Paper Roll | 2 | 2 | 2 | 2 | 2 | 2 |
Battery Backup | 8 Hours | 8 Hours | 8 Hours | 8 Hours | 8 Hours | 8 Hours |
Country Origin | EuropeBulgaria | EuropeBulgaria | EuropeBulgaria | EuropeBulgaria
| EuropeBulgaria | EuropeBulgaria |
Price | 25000/= | 21500/= | 19900/= | 15000/= | 21000/= | 14000/= |
Others Products
Scanner 7500
Cash Drawer 2500-3500
Printer 38000
4.14.2 Weakness
* Weak Financial Solvency:
The Company has weak financial solvency. For this reasons it can not take pace setup
big project or can not go any kind of big promotion.
* Promotional Program:
The company less promotional programs compared with competitors. But it is
impotent to conduct various promotional programs to increase sales and survive in
Chapter-05
CONCLUSIONS
AND
RECOMMENDATIONS
5.1 Conclusions
Crystal Agencies Company follows the national law and chemical industry standard
working hours. Crystal Agencies Company dose not provide any compensation to
cover the living standard expense. Crystal Agencies Company sometime dose not
able to pay the worker salary in proper week time schedule for this reason workers
are dissatisfied. Company always prepared to pay compensation for insured workers.
No child labor allow by the Crystal Agencies Company.
Crystal Agencies Company does not provide any safety training for the existing
workers or for the newer assigned personnel. Crystal Agencies Company provides
enough light in the workplace and has well ventilated work environment for the
workers. The Company provides well temperature workplace for worker and very
conscious about a good working environment and hygienic clean water for workers.
Crystal Agencies Company dose not set standard waste management system. Crystal
Agencies Company dose not maintains a high disciplinary organization rules. Crystal
Agencies Company does not use any physical punishment, mental and verbal abuse
for any types of fault occurred by the workers.
5.2 Recommendations
* Protection of labor rights and improvement of working conditions, international
standards have been developed and would be adopted by the ECR sectors of
Bangladesh.
* ECR sectors would have to ensure compliance to maintain quality of products.
* Social compliance issue would have to ensure working condition of the
manufacturing unit from social, political and economic points of view.
* Minimum labor standards cover wages, working hours, over time, safety, job
security, right to form trade union, and also social security. Compliance should be for
both labor welfare and occupational safety.
* ECR sectors would have to ensure financial support for suppliers to implement
improvements in social compliance standards
* The management team of the company needs to consider about the professional
training in order to enrich their skill and development toward individual jobs
performance.
* Crystal Agencies company management team would have to be allowed to initiate
independent decision- making authority by the management to their assigned duties
and responsibilities.
* Crystal Agencies Company would have to ensure compliance with workers rights,
health and safety concerns.
* Crystal Agencies Company would have to ensure funds available establish the
compliance for domestic and globally competition.
References:
Books
* Kotlar P. and Armstrong G. (2004) Principles of Marketing. 10th edition. Pearson
Education, Inc.m Singapore.
* Malhotra K. N. (2003) Marketing Research. 3rd edition, Prentice-Hall
International, Inc., New Jersey.
* Berkman, H. W. and Gilson, C. H. (1978) Consumer Behavior: Concepts and
Strategies. 1st edition, Dickenson Publishing Company, Inc., California.
* Hisrich, Robert D. and Peters, Michael P. (2002) Entrepreneurship.5th Edition.
TATA McGraw-Hill Publishing Company Ltd. India
Articles/Reports
* Crystal Agencies (CA), Annual Report-2008.
Appendix
To ease his mind, Ritty took a ship for Europe. On the ship he made friends with the
ships engineer, and spent hours in the engine room. There he observed the
workings of an automatic device that recorded the revolutions of the ships
propellers. From this, Ritty imagined he could make a similar device that would
record amounts of money passing through the cash drawer. He reputedly cut short
his vacation to rush back and begin work on the prototype. Ritty assembled his first
cash register in 1879, and patented a second, improved register later that year. Ritty
went into business with Rittys Incorruptible Cashier after perfecting a third model.
Rittys early machines had two rows of keys running across the front, each key
marking a money denomination from five cents through one dollar. Pressing the keys
turned a shaft that moved an internal counter. This kept track of total sales for the
day. The amount of each individual sale was shown to the customer on a dial similar
to a clock face, with one hand for the cents and one for the dollars. Because the
machine kept a daily total, any pilfering would be obvious. A later model kept the
clock face and included a paper roll punched with pins to provide a more permanent
record for the shopkeeper. However, Ritty was unable to ignite any excitement for
his new device. Apparently he made only one sale, which was to John H. Patterson.
Patterson ran a small coal business, but was so taken with the Incorruptible Cashier
that he decided to buy Rittys company.
Unfortunetely, Ritty had already sold his business to another party, Jacob Eckert.
Eckert had made a vital addition to the machine, a bell that rang when a sale was
made. Eckert ran the business as the National Manufacturing Company with several
partners. John Patterson arrived in Dayton in 1884, eager to buy the small firm. After
making a preliminary deal, he discovered that National Manufacturing was the
laughingstock of Dayton. The company had not made any money, and no one
believed that it could. Patterson tried to buy his way out of the contract, but was
forced to complete the sale. Patterson changed the name of the firm to the National
Cash Register Company.
The new company quickly improved the cash register. By 1890, the machines printed
customer receipts as a standard feature. In 1906, the cash register was electrified.
The company made a science of advertising and selling, becoming the role model for
many other industries with its canned sales talks and innovative distribution of sales
territories. By 1900, the company had sold over 200,000 registers and sent salesmen
throughout Europe and South America. As early as 1896 it had sales in China, and by
the end of World War I, National Cash Register was bringing in almost half its sales
from overseas markets represented by at least 50 countries. The number of registers
sold in 1922 alone was over two million. The company dominated the industry,
buying up competitors when convenient. National Cash Register continued to
develop its product line, coming out with new features to respond to customer
demands. By 1944, the company had applied for 2,400 patents.
With the advent of micro processing technology in the 1970s, the cash register
industry changed. Most of the manufacturing moved to factories in Asia, and
eventually two basic types of cash register evolved. One type is the generally lowend, all-in-one machine usually referred to as an electronic cash register, or ECR. The
other wing of the industry is the POS terminal, which is more than a cash register
because of its superior data processing ability. Both are manufactured in similar
ways, though the ECR may be shipped to the customer complete and ready to go,
where the POS is made up of different components that may not meet up until the
customer installs the terminal.
Raw Materials
Raw materials for cash registers are similar to materials used for other electronic
products. The principal components for an ECR are an Acrylonitrile Butadiene
Systrene (ABS) plastic casing, circuit board, metal printer, metal cash drawer, ABS
plastic keyboard, and a liquid crystal display panel. ECRs are made at factories that
also specialize in consumer goods such as televisions and VCRs. The materials and
the construction process are virtually the same for all these products. Cash registers
differ from other consumer goods, though, in the importance of the design process.
Design
Though cash registers are mostly made in Asia, they are used around the world. All
except the lowest-end products need to be designed for the country and particular
industry where it will be used. In the United States, most retailers or restaurants
wanting a more specialized machine order their registers through a domestic
distributor. The distributor works with the customer to understand the specific tasks
the cash register needs to perform. Perhaps the register needs to be able to recall
certain records of customer transactions. A cash register for a dim bar may need an
easy-to-read display. The cash register in a restaurant may print one receipt for the
customer, but print different information in the kitchen, telling the cooks what to
prepare. The cash register distributor will design the software for these special
functions or have it designed at a software company. The distributor then
approaches the manufacturer with the list of needed features. In some cases, the
new features can be made to fit in a preexisting model or the manufacturers
engineers may have to redesign parts and processes.
The Manufacturing
Process
Cash registers are manufactured at large plants using a classic assembly line system.
Twenty to 25 workers stand in front of a conveyor belt that may be 200 ft (61 m)
long and move at 2-3 mi (3.2-4.8 km) per hour. Workers with screw guns and
soldering irons attach parts as they come down the assembly line.
The cash drawer
* Workers use lasers to cut the sheet metal to the customer-specified size. They
then put the flat sheet of metal on the conveyor belt, which transports the sheet to a
punch press. The hydraulic press has precut shapes that are clamped onto the sheet
metal. The press is then closed and the shapes are cut out.
* As the cut metal exits the punch press, workers weld the pieces together for the
drawer and drawer case, these are then painted and dried.
* The case and drawer move down the assembly line and workers attach the till and
latch components, which are assembled out of the country. The cash drawer has a
removable till that is opened by releasing a latch. The latch is activated by an
electromagnetic device called a solenoid. When a current flows through the
solenoid, it creates a magnetic field that moves a steel plunger, releasing the latch.
Workers screw and solder the latch bracket sub-assembly and attach it to the back of
the drawer.
National Board of Revenue, Bangladesh |
|
| | The National Board of Revenue (NBR) is the central authority for tax
administration in Bangladesh. Administratively, it is under the Internal Resources
Division (IRD) of the Ministry of Finance (MoF). MoF has 3 Divisions, namely, the
Finance Division the Internal Resources Division (IRD) and the Economic Relations
Division (ERD). Each division is headed by a Secretary to the Government. Secretary,
IRD is the ex-officeo Chairman of NBR. NBR is responsible for formulation and
continuous re-appraisal of tax-policies and tax-laws in Bangladesh. |
|
|
Negotiating tax treaties with foreign governments and participating in interministerial deliberations on economic issues having a bearing on fiscal policies and
tax administration are also NBRs responsibilities. The main responsibility of NBR is to
mobilize domestic resources through collection of import duties and taxes, VAT and
income tax for the government. Side by side with collection of taxes, facilitation of
international trade through quick clearance of import and export cargoes has also
emerged as a key role of NBR. Other responsibilities include administration of
matters related to taxes, duties and other revenue related fees/charges and
prevention of smuggling. Under the overall control of IRD, NBR administers the
excise, VAT, customs and income-tax services consisting of 3434 officers of various
grades and 10195 supporting staff positions. |