ACKNOWLEDGEMENT
Before I get into the thick of the things I would like to add a few genuine words
for the people who were part of this project in numerous ways. People, who gave
unending support right from the stage the project was started, appreciated and
encouraged when being depressed.
In this context I would like to express my gratitude towards my parents and family
members who have constantly supported and played a pivotal role in shaping my
career.
I
take
this
opportunity
to
express
my
gratitude
to Mr.
Table of content
Chapter 1
1.
a.
b.
c.
d.
Company Profile
Nature of business
Size of the business
Market share
Key Executives
4-10
e.
11-13
1417-19
20-22
23-24
25-27
28-30
Chapter 2
Bibliography
31
Company profile
Nature of business
ITC was incorporated on August 24, 1910 under the name Imperial Tobacco
Company of India Limited. As the Company's ownership progressively Indianised,
the name of the Company was changed from Imperial Tobacco Company of India
Limited to India Tobacco Company Limited in 1970 and then to I.T.C. Limited in
1974. In recognition of the Company's multi-business portfolio encompassing a wide
range of businesses - Cigarettes & Tobacco, Hotels, Information Technology,
Packaging, Paperboards & Specialty Papers, Agri-business, Foods, Lifestyle
Retailing, Education & Stationery and Personal Care - the full stops in the
Company's name were removed effective September 18, 2001. The Company now
stands rechristened 'ITC Limited'
As one of India's most valuable and respected corporations, ITC is widely perceived
to be dedicatedly nation-oriented. Chairman Y C Deveshwar calls this source of
inspiration "a commitment beyond the market". In his own words: "ITC believes that
its aspiration to create enduring value for the nation provides the motive force to
sustain growing shareholder value. ITC practices this philosophy by not only driving
each of its businesses towards international competitiveness but by also consciously
contributing to enhancing the competitiveness of the larger value chain of which it is
a part."
ITC's diversified status originates from its corporate strategy aimed at creating
multiple drivers of growth anchored on its time-tested core competencies:
unmatched distribution reach, superior brand-building capabilities, effective supply
chain management and acknowledged service skills in hoteliering. Over time, the
strategic forays into new businesses are expected to garner a significant share of
these emerging high-growth markets in India.
Market share
ITC Limited (BSE: 500875) public conglomerate company headquartered in Kolkata,
India.[1] Its turnover is $6 billion and a market capitalization of over $30 Billion. The
company has its registered office in Kolkata. It started off as the Imperial Tobacco
Company, and shares ancestry with Imperial Tobacco of the United Kingdom, but it is
now fully independent, and was rechristened to Indian Tobacco Company in 1970
and then to I.T.C. Limited in 1974
The company is currently headed by Yogesh Chander Deveshwar. It employs over
26,000 people at more than 60 locations across India and is listed on Forbes 2000.
ITC Limited completed 100 years on 24 August 2010.
ITC has a diversified presence in Cigarettes, Hotels, Paperboards & Specialty
Papers, Packaging, Agri-Business, Packaged Foods & Confectionery, Information
Technology, Branded Apparel, Personal Care, Stationery, Safety Matches and other
FMCG products. While ITC is an outstanding market leader in its traditional
businesses of Cigarettes, Hotels, Paperboards, Packaging and Agri-Exports, it is
rapidly gaining market share even in its nascent businesses of Packaged Foods &
Confectionery, Branded Apparel, Personal Care and Stationery.
Key Executives
Organization Structure at HQ
ITC is one of India's biggest and best-known private sector companies. In fact
it is one of the World's most high profile consumer operations. ThisSWOT
analysis is about ITC. Its businesses and brands are focused almost entirely
on the Indian markets, and despite being most well-known for its tobacco
brands such as Gold Flake, the business is now diversifying into new FMCG
(Fast Moving Consumer Goods) brands in a number of market sectors
including
cigarettes,
hotels,
paper,
agriculture,
packaged
foods
and
segments.
For
its
experience
of
Sustain
capabilities
multiple
drivers
of
growth,
matching
internal
Internal Vitality
Market Standing
Profitability
Blend
core
competencies
and
leverage
ITC
umbrella
strengths to
It is a matter of pride that ITC became 'carbon positive' during the year on the
back of several energy conservation measures, usage of carbon neutral fuels
and carbon sequestration through large-scale agroforestry programmes. ITC is
making rapid strides towards attaining 'zero solid waste' status. Upon this
achievement in the near term, ITC would perhaps be the only global enterprise
of its size in the world to have achieved these milestones encompassing all
three critical facets of environmental sustainability.
Key Responsibilities
Rings up all sales on cash register, properly and accurately handling money,
checks and other types of payment received for products sold
organization.
This
strategy
includes
using
training,
technology,
Making ensure that all customers queries are well-investigated and resolved,
and escalating queries if appropriate to supervisor.
Developing
and
mentoring
new
staff
to
satisfy
customer
service
requirements.
Maintaining professional strong working relationship with external and
internal customers, colleagues, and customer service management.
Assisting
in
preparing
and
developing
the
documentation
of
the
How does my work fit into the overall goal of the company
One thing every business person knows about sales is that theres never
enough. A business doesnt succeed by standing still. To be successful, you
have to drive more sales than ever before. Setting sales performance goals is
a crucial step in increasing top-line revenue. But setting arbitrary goals can do
more harm than good. Follow these steps to get the most out of your sales
staff
Increases sales
Increases profits
by the manager's boss and endorsed by his boss. Therefore, two individuals
are involved in assessing a manager's performance.
Remuneration changes are made once every year based on the performance
rating of the individual. The entire process is transparent and objective.
ITC's remuneration strategy is anchored in three basic principles: market-led,
performance leveraged and the capacity to pay. Remuneration is bench
marked with identified comparator organizations and reviewed periodically.
Supplementary
Allowance,
managers
are
provided
with
quality
accommodation, generous loans for asset creation, medical assistance for self
and family, leave travel assistance, etc. At middle and senior levels. Managers
are provided with company maintained cars and the facility of a club
membership for business purposes.
All managers are members of ITC's Retirement Funds, the Pension Scheme
being one of the most attractive in the country.
Other benefits include the facility of holiday homes, assistance for further
education/self development etc.
The Company believes that as the competitive scenario gets more intense,
specialism will increasingly become a source of unique competitive
advantage. Certain specialisms are enhanced by extended and in-depth
application and 'longevity' in a position. This requires a unique approach to
career management of such 'specialists.'
Agronomist,
Commodity
Trader,
Forex
Manager,
Corporate
Rs.10
lakhs.
Transaction processing
As the hype around technology decreases, retailers are seeing clearly that
technology's role is one of an enabler, speeding up of processes and
delivering cost savings. The retail industry faces specific IT management
challenges:
Decision making
Customer Data: Information overload is a challenge for retailers because they
need to collect and sift through data to convert it into useful information in a
customer-centric industry.
Global
Data
Synchronization:
Enabled
by
radio
frequency
Benefits for retailers include enabling the use of real-time data to monitor
inventory levels. Radio frequency identification tagging also positions the
company to better safeguard its shipments by enabling the tracking of
products from manufacturer through the supply chain.
Performance tracking
Collaborates with companies to meet the need for positive IT management.
The goal is to enhance business processes and keep up to date with
innovation to become a high-performance business.
The innovation in Information Technologies (IT) and their uses in the retail
supply chain increase the efficiency of the whole system itself. Radio
Frequency Identification (RFID), Electronic Data Interchange (EDI), Point of
Sales (POS), and various Data Mining (DM) technologies enable retailers to
radically change the way they do business within the retail supply chain, and
achieve increased supply chain efficiency in terms of labour cost reduction,
inventory accuracy improvement, lead time reduction, and order fill rate
increment.
Whatever category your retail business is in, the following tactics will help you build,
track and keep up on the buzz about your brand without the need to invest large
amounts of money. These ideas compliment almost any brand at any budget.
1. Social networking You probably already have a Facebook and Twitter page that
may or may not be yielding results for you. To help these pages along and to build up
your social networking reputation or refute complaints, you should be leveraging
these pages further.
What you can do now Task a junior member of your team to be your "social
outreach ambassador." This role is focused totally on trolling Facebook, Twitter and
blogs to "invite," "reply" and "request" connections with current and potential
customers and groups. By spending 20 or so hours a week on this effort you will
slowly help along your Facebook and Twitter following, refute untrue online blog
statements and reply to customers who have questions. This is a hard position to
measure effectiveness on, so it could be hard to justify in your budget. But you have
to consider this proactive marketing. The opportunity cost saved is not having
uncontrolled rumors online. Many PR firms are starting to offer this service, but they
dont really get it and wont be able to react as quickly as someone in your company
culture who understands your brand.
Start with an intern and scale from there.
2. Customer service In todays economy no single thing matters as much for your
sales and loyalty as building a great customer service brand. This is an area of
marketing often overlooked or muddled with expensive and hard-to-use processes. If
you are even aware of your customer service problem it is likely you first came
across it the way most consumers find you: You found a review about your company
online, via a search engine, and it was probably not flattering.
Online reviews are here to stay and many current and potential customers use them
to help guide their online research in deciding where to buy. You can leverage the
world of online reviews in your favor and often have more effect on purchase intent
than the best TV commercial.
What you can do now - Start asking your customers to review you on business sites
like Angieslist.com and customer service sites like MeasuredUp.com. By confidently
asking customers for business and customer service reviews, you will in no time
have dozens of complimentary reviews of your company online. These will negate
most bad reviews, increase your positioning on search engines and help interested,
potential customers find and trust you when researching online. The goal here is not
to have only good reviews as even the best companies have some bad reviews
about them online. The goal is to have a balance and to demonstrate through
association that your brand is focused on improving.
3. Online comments The Internet is talking about you whether you like it or not. On
thousands of sites, content that mentions you or a competitor is constantly being
added. You need to join this conversation, even if you cant control it.
What you can do now - Take that intern who is working on Facebook, Twitter and
blogs and have him also spend five hours a week searching for reviews about your
company or articles about something that is relevant to your business. When there is
a comment field, have the intern write some intelligent content in response. State
that they are an employee of the company and include a URL to your site. Do not try
and pretend to be consumer as this will likely be found out and create further
uncomplimentary content. This effort will help rebut negative views, show your
company cares about its reputation and will help drive traffic to your company Web
site. If you come across compliments, add on a quick "Thank You" comment, saying
that you care about your reputation and appreciate the support of customers.
4. PR - You have more to say about your business than you realize. Regular press
releases about important company events, news or upgrades are often overlooked.
Generate interest from journalists by creating content that will interest them.
What you can do now You know your business and the kinds of things the press
wants to cover. Often, the press does not have the resources to generate data for a
story. Create a poll on your Web site based on a topic of interest and then pitch the
results to your press contacts. This will often lead to an exclusive or inclusion in a
larger story about the topic.
If you have good contacts you also can pre-pitch an idea to them to gauge interest
and then create the poll customized to their needs. Polls like these help raise your
companys credibility build your reputation and keep your brand in front of
customers.
With these easy and inexpensive marketing tips, you can quickly augment your
existing marketing efforts and start to raise your company's social media, customer
service, online and PR profile while helping increase sales and build online
reputation.
8. Learning experience
Personal
The thought of a career in sales can be a very daunting prospect,
especially if you have no previous experience. I will try and talk you
through some of my own personal experiences.
Sales, is all about your personality. The difference between a great sales
person and a poor sales person generally all comes down to the nature
of the individual involved.
If you are bright out going and able to communicate with different people
on different levels then you may well find that sales is for you. There is
no template for the perfect sales person and there is no true technique
that will work for everyone is all comes down to you.
One of the biggest factors that I think comes into play with sales people
is money. You think money when you are selling. The money factor is
often the catalyst that makes sales people perform. Its almost like
waving the carrot for the donkey.
Sales jobs are very often commission based so the recruitment process
is usually very relaxed. In most non-sales jobs employers can pick and
chose whom they want to employ.
Sales is different, if you dont perform you dont get paid, it really is that
simple. There are a few exceptions where you will be offered a salary
but generally a sales persons wage is directly reflected by their
performance. This could be a big factor when deciding if you want to
take a chance with a career in sales.
I was lucky enough to land a placement that included a salary plus
bonus. This acted like a safety net. If I had a bad month I still had my
basic wage to fall back on.
The commission only package does have other implications, for
example, saying to your bank manager you are only paid on a
commission only basis may not go down to well when your are applying
for a mortgage. These are just a few considerations you should take into
account when deciding if sales is for you.
Most companies that sell either products or services have a team of
sales reps that are there to promote and sell their products to the public
or businesses.
The sales teams are very often the public face of the company and are
in effect representing the companys brand. Conduct is very important in
this role. A good sales rep will always try and show the company in good
light and be polite and courteous at all times.
Professional
Training
Most companies offer training to any new starts within the company. Try and
take in as much of this as possible. They will offer you tips and tricks to help
you out when you are out selling. They will also try and make you a fully aware
of the products or service they offer. Training is very often ongoing and you
will be brought back in for refresher courses once in a while. At the time they
seam pointless but in the long term they do help.
Confident
Well spoken
All these factors play a part in making you good sales rep there is no magic
formula that will make you perform in sales it is all just a learning process.
What works for one person wont work for another. It all comes down to finetuning your own personal skills.
1. Sales allow you to acquire cash much more quickly than a salaried job, and
you have much greater control over your income than you would with a salary
or hourly wage.
2. Sales require you learn the some of the most important skills in business:
goal setting, persistence, determination, accountability, long term perspective,
and a high tolerance for rejection and frustration.
3. Success in sales gives you real flexibility in your work life, allowing you to
finally be free of an office and a time clock. I know thats one of the most clich
statements youll ever hear, but it also happens to be true - and thank
goodness.
Bibliography
ITC website