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OBJECTIVE OF THE STUDY
To study the Time Management System at BHARTI AXA.
To find the basic reason behind delay, leave etc, amongst the employees.
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INTRODUCTION
You are probably here because you want to make the most of your time.
You recognize that time is a unique and precious resource that you need
in order to do your work, accomplish your goals, spend time with your
loved ones, and enjoy everything that life has to offer.
Perhaps you have a heavy workload and want to find ways to become
more effective so you can get more done in less time.
Maybe you feel overwhelmed or stressed out and want to find ways to
do less and enjoy more. Or maybe you simply want to feel more focused
and in control of your time, instead of feeling like you rush madly from
one activity to the next until you fall into bed exhausted every night.
Benjamin Franklin said, Do you love life? Then do not squander time,
for that's the stuff that life is made of.
Whatever your reasons, you came to the right place. Here you'll find
tons of resources, ideas and suggestions to help you improve your time
management skills, increase your productivity and make much better
use of your time.
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Definition: Time management is a set of principles, practices, skills,
tools, and systems that work together to help you get more value out
of your time with the aim of improving the quality of your life.
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COMPANY PROFILE
INTRODUCTION TO COMPANY
Bharti AXA Life Insurance is a joint venture between Bharti, one of Indias
leading business groups with interests in telecom, agri business and retail, and
AXA, world leader in financial protection and wealth management. The joint
venture company has a 74% stake from Bharti and 26% stake of AXA.
The company launched national operations in December 2006. Today, it has
over 5200 employees across over 12 states in the country. Our business
philosophy is built around the promise of making people "Life Confident".
As we expand our presence across the country to cater to your insurance and
wealth management needs with our product and service offerings, we continue
to bring 'life confidence' to customers spread across India. Whatever your plans
in life, you can be confident that Bharti AXA Life will offer the right financial
solutions to help you achieve them.
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Teletech is the countrys largest manufacturer and exporter of telephone terminals.
Bharti has a joint venture with ELRo Holdings India Ltd. FieldFresh Foods Pvt. Ltd -
for global distribution of fresh fruits and vegetables. Bharti also has a joint venture -
Bharti AXA Life Insurance Company Ltd. - with AXA, world leader in financial
protection and wealth management. Bharti has recently forayed into the retail business
under a company called Bharti Retail Pvt. Ltd. It also has a joint venture Bharti Wal-
Mart Private Limited with Wal-Mart, for wholesale cash-and-carry and back-end
supply chain management operations.
AXA Group
AXA Group is a worldwide leader in Financial Protection. AXA's operations are diverse
geographically, with major operations in Western Europe, North America and the
Asia/Pacific area. AXA had Euro 1,315 billion in assets under management as of
December 31, 2006. For full year 2006, IFRS revenues amounted to Euro 79 billion, IFRS
underlying earnings amounted to Euro 4,010 million and IFRS adjusted earnings to Euro
5,140 million.
The AXA ordinary share is listed and trades under the symbol AXA on the Paris Stock
Exchange. The AXA American Depository Share is also listed on the NYSE under the
ticker symbol AXA.
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Values
Professionalism
Innovation
Team Spirit
Pragmatism
Integrity
Team Spirit :-team spirit is the spirit of a group that makes the members want
the group to succeed
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Innovation
Professionalism Pragmatism
VALUE OF
BHARTI AXA
LIFE
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STRATEGY
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MAJOR PLAYERS IN THE LIFE INSURANCE INDUSTRY IN INDIA
The Corporation also transacts business abroad and has offices in Fiji, Mauritius and
United Kingdom. LIC is associated with joint ventures abroad in the field of insurance,
namely, Ken-India Assurance Company Limited, Nairobi; United Oriental Assurance
Company Limited, Kuala Lumpur; and Life Insurance Corporation (International), E.C.
Bahrain. It has also entered into an agreement with the Sun Life (UK) for marketing unit
linked life insurance and pension policies in U.K.
In 1995-96, LIC had a total income from premium and investments of $ 5 Billion while
GIC recorded a net premium of $ 1.3 Billion. During the last 15 years, LIC's income grew
at a healthy average of 10 per cent as against the industry's 6.7 per cent growth in the
rest of Asia (3.4 per cent in Europe, 1.4 per cent in the US).
LIC has even provided insurance cover to five million people living below the poverty
line, with 50 per cent subsidy in the premium rates. LIC's claims settlement ratio at 95
per cent and GIC's at 74 per cent are higher than that of global average of 40 per cent.
Compounded annual growth rate for Life insurance business has been 19.22 per cent
per annum
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INSURANCE PRODUCTS OF BHARTI AXA
Individual Plans :
Guarantee Builder provides you with a comfort factor on your investments and you can
be sure that this comfort factor keeps building year-on-year. It's a solid investment plan
that lets you achieve your long-term goals by investing in a mix of debt and equities,
while providing a Guaranteed Maturity Value over 15 years. What's more, you need not
worry about your family's security as it has a strong life insurance protection
embedded.
Bharti AXA Life Bright Stars provides a launch pad for your childs bright future. What
else, You also have Jumpstart benefit which is paid out at maturity along with Policy
Fund Value, which enables your child to explore more career options.
Spot Suraksha helps you create a pool of wealth to meet your long-term needs, with an
added advantage of simplified buying process
Dream Life Pension, Bharti AXA Life Insurance's unique pension product ensures that
your retirement life is your Dream Life.
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Aspire Life helps you create a pool of wealth to meet your long-term needs, while also
providing you adequate protection in case the need arises.
You have always strived hard to achieve the best for you and your loved ones, so when
it comes to making an investment decision, we know that you would expect the best
from it too.
Your wealth, your status ensures that you get preferential status wherever you go. So
why shouldn't your money get the same?
A unit-linked policy which offers comprehensive protection along with wealth creation
in the long term.
A unit-linked product which offers enhanced protection along with wealth creation in
the long term.
Your changing life stages decide your financial milestone planning. When you foresee
intermittent financial requirements in the years to come, like regular expenses related
to your childs education, liquidity becomes a key aspect of your planning along with
long term savings, and protection for your family.
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All of us desire to maximize the happiness for our family at all times, irrespective of the
circumstances. The thought of unfortunate events befalling us may cause us anxiety
about providing a secured happiness to our loved ones.
Group Plans :
Bharti AXA Life CreditSecure is a group product, offering life insurance coverage to
customers of financial institutions who have availed of a loan. CreditSecure is
comprehensive solution that helps protect your customers assets and savings in the
unfortunate event of death.
Sanjeevani is a single premium group term life insurance product, offering protection to
your family.
Sanjeevani is a single premium group term life insurance product, offering protection to
your family.
Mortgage Credit Shield is a Group Product that provides coverage to people who have
availed of a Mortgage\ Home loan\ Home equity loan from an Institution/Bank.
Credit Shield is a Group Product that provides coverage to people who have availed of a
loan for 1 to 5 years from Group Policyholder.
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3.3 Organisational structure of the company:
Sales( B A Model)
Operation
Training
sales
MD
(COUNTRY HEAD)
(ZONAL HEAD)
(REGIONAL HEAD)
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Operation (COUNTRY HEAD)
(ZONAL HEAD)
(REGIONAL HEAD)
(ZONAL HEAD)
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CONCEPTUAL BACKGROUND
They choose to focus and spend their time doing a few vital projects that
will really make a difference, rather than spending all their time doing
many trivial things that don't really matter all that much.
If you become a good time manager, youll not only get a lot more done
in less time, but youll feel more relaxed, focused and in control of your
life.
Youll be able to use your time in a much more balanced and effective
way , and youll be able to make time for the people and activities that
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you love. When you get to the end of a busy day, youll feel a strong
sense of accomplishment from everything that you actually got done.
Improving your time management skills can even help you get better
results by doing less work, because you're focusing on the things that
really matter rather than all the low-priority busywork that just keeps
you busy.
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want. You need to learn how to make time for the things that are
important to you. Even if you can only afford to give a small amount of
time each week to your goals, you'd be surprised at how much progress
you can make.
4. You can accomplish more with less effort. When you become more
productive using improved time management skills and tools, you can
accomplish more with less effort. Reducing wasted time and effort gives
you even more productive time throughout the day. Both of these allow
you to make time for a wide range of activities that bring more balance
and fulfillment to your life.
5. Too many choices. In this day and age, there are so many ways you
can spend your time, that you need some sort of plan to make intelligent
choices.
Time management helps you make conscious choices so you can spend
more of your time doing things that are important and valuable to you.
STEPS INVOLVED
1. Have a vision
2. Based on the vision, set priorities
3. Based on the priorities, throw away all activities which do not
fit
1. Have a vision
First of all, you must have vision. What is the purpose of your life?
What is the main goal of your life as a whole? You should be able to
answer these questions if you want to have effective time management.
Why? Because the effectiveness of your time is calculated based on your
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vision. We can take analogy from sport. In basketball, the effectiveness
of the time is measured by how many points a team scores and how
many points it can prevent the opponent to score. This is because the
vision or the goal in basketball is winning the game by scoring more
points than your opponent. The vision is clear so we know how to
measure time effectiveness is basketball. The same thing applies to life.
How can you measure your effectiveness if you do not know the purpose
of your life in the first place?
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Time management starts with being focused on what you are doing in
the moment. There are even some people who will argue that technically
there is no possible way to multi-task because you can literally only
perform one task at a time. Either way youd like to look at it, time
management is a skill that you must master no matter what your
profession or age.
Some people will tell you that time management is all about creating a
list of things that must be done, scheduling every moment of your day,
setting goals, and prioritizing your tasks. Although these concepts are at
the core of time management, there are many other factors that come
into play as well such as decision making and critical thinking.
The Pareto principle, also known as the 80-20 rule, states that for many
events, approximately 80% of the effects come from 20% of the causes.
The concept was developed by Joseph Juran who named it after an
Italian economist Vitfredo Pareto who observed that 80% of the land in
Italy was owned by 20% of the population. Theres nothing really special
about the number 80. In fact, in most business principles youll see that
ratio. Its mainly used to emphasize just how much is lost, or gained
with time management.
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management skills could be lacking. At the end of the day, I can almost
guarantee that person has not accomplished as much as they should
have or could have had they implemented a time management program.
One way to start to manage your day is to understand that every person
has a natural cycle. Are you a morning person, or a night person? Are
you ready for a nap by 3:00 PM? That is your natural cycle. If youre a
night person, you shouldnt be trying to handle your most important or
your hardest tasks during the morning when you are least likely to be
able to think clearly or act decisively.
In order to start prioritizing your day, you also have to stop thinking of
NO as a dirty word. If you take on a project that you cant do, or one in
which you dont have the time to do then you are not helping that
person out. You are going to produce less than stellar results!
Put the Getting Things done mentality into motion. If it takes less than
2 minutes to do then do it! Remember, 2 minutes is just an arbitrary
number. It could have 5 minutes, 7 minutes, etc. If itll take longer than
2 minutes to accomplish, then you need to decide if its something you
should do, or if it can be done by someone else. If it must be done by
you place it into one of three piles. The first pile contains tasks that will
only take one step to complete. The second pile contains things that will
take two or more steps to do. And the third pile contains things that are
for reference. Everything else should be tossed out to the trash!
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RESEARCH METHODOLOGY
The, Study was designed to analyze the training needs of the staff
of the Company after identifying; the Universe i.e., the total employees of
BRBRAITT, BHARTI AXA.. Attempt was made to select sample, which
would truly represent the universe.
Data Collection:
PRIMARY DATA:
SECONDARY DATA:
QUESTIONNAIRE DESIGNING:
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application of principles, common sense, and concern for respondents,
concepts for needed information.
SAMPLING PLAN:
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ANALYSIS AND INTERPRETATION
Q1. What is the longest time period you average in a day without any
interruption ?
0-15 min
15-30 min
30-45 min
More than 45 min.
13%
12%
60%
15%
Interpretation :
60% of the respondents said 0-15 Min, 15% of the respondents said 15-30
min, 12% said 3-45 min, 13% said More than 45 minutes.
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Q2. How often do you take work home ?
18%
41%
32%
9%
Interpretation :
18% of the respondents said Almost every night, 32% said Once or twice a
week, 9% said Seldom, Almost never 41%.
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Q3. How often you are interrupted by people ?
Too much
Quite Often
Many times
Occasionally
45%
45%
40%
35%
25%
30%
25%
15% 15%
20%
15%
10%
5%
0%
Too much Quite Often Many times Occassionally
Interpretation :
15% of the respondent said too much, 25% said quite often, 45% said many
times, 15% said occasionally.
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Q4. How do you approach detailed work ?
I enjoy it
Do you much as I can
Delegate most of it
Delegate some of it
30%
45%
10%
15%
Interpretation :
45% said Delegate some of it, 10% said do you much as I can, 10% said
delegate most of it, 45% said delegate some of it.
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Q5. Do you have an priority system for activities, task and projects?
Never
Whenever asked by the boss
Sometimes
Yes
Never
Whenever asked by the boss
Sometimes
Yes
Interpretation :
45% said Delegate some of it, 10% said do you much as I can, 10% said
delegate most of it, 45% said delegate some of it.
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6. How often do you require extension of your own deadlines
Fairy often
Occasionally
Once in a while
Never
Never 19%
Occasionally 20%
19% said Never, 15% said Once in a while, 20% said occasionally, 46% said
fairy often
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Q7. How much flexibility do you generally build in your schedule ?
None
Little
Some
A lot
30%
25% 25%
20%
20% said None, 30% said Little, 25% said Some, 25% said a lot.
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FINDINGS OF THE STUDY
60% of the respondents said 0-15 Min, 15% of the
respondents said 15-30 min, 12% said 3-45 min, 13% said
More than 45 minutes.
18% of the respondents said Almost every night, 32% said
Once or twice a week, 9% said Seldom, Almost never 41%.
15% of the respondent said too much, 25% said quite often,
45% said many times, 15% said occasionally.
45% said Delegate some of it, 10% said do you much as I can,
10% said delegate most of it, 45% said delegate some of it.
45% said Delegate some of it, 10% said do you much as I can,
10% said delegate most of it, 45% said delegate some of it.
30% said Never, 20% said Once in awhile, 30% said Most of
the time, 20% said Yes.
45% said Never, 19% said Once a week, 21% said two or three
times a week, 15% said almost everyday.
60% said 10%, 40% said 35%, 20% 49%, 6% almost nill.
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SUGGESTIONS
1. Write things down
2. Prioritize list
Taking the extra time to do this will help increase your productivity
and balance your important long-term projects with your more
urgent tasks.
4. Carry a notebook
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6. Continuously improve yourself
Make time in your schedule to learn new things and develop your
natural talents and abilities.
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LIMITATION
What ever past data that are made available by the personnel
department were assumed to be true and interpretation and
conclusion are made concerning to them.
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CONCLUSION
tips to make the best use of time. As with all the precious
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BIBLIOGRAPHY
2. Personnel Management
-Dr.C.B.Mamoria & S.V.Gankar
[Himalaya Publishing House]
3. www.wikipedia.com
4. www.google.com
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QUESTIONNAIRE
What is the longest time period you average in a day without any
interruption ?
0-15 min
15-30 min
30-45 min
More than 45 min.
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Do you have an priority system for activities, task and projects?
Never
Whenever asked by the boss
Sometimes
Yes
How many meetings do you attend each week that have there or
more people ?
More than 15
10-15
05-10
01-05
Never
Once a week
Two or three times a week
Almost everyday
60%
40%
20%
Almost Nil
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SGBM ITS COLLEGE PATAN JABALPUR (M.P.)
A
PROJECT REPORT ON
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SGBM ITS COLLEGE PATAN JABALPUR (M.P.)
CERTIFICATE
This is to certify that Mr.Ratnesh Kumar Soni MBA IV Sem student of SGBM, ITS,
COLLEGE, JABALPUR has prepared the project titled STUDY OF TIME
MANAGEMENT AT BHARTI AXA JABALPUR Jabalpur which is being
submitted herewith for the practice of Partial fulfillment of Master of Business
Administration RANI DURGAWATI VISHWAVIDYALAY Jabalpur for the year
2013-2014.
It has been duly completed as record of bonafide work in practice of, (HR)
SGBM ITS COLLEGE PATAN Jabalpur, (M.P.)
(Principal)
SGBM ITS
Jabalpur
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CERTIFICATE
herewith for the award of the degree of Masters of Business Administration, RANI
work completed by SUPRIYA LAKHERA (MBA 4th Sem) under my supervision and
guidance.
Date:-
Place: JABALPUR
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DECLARATION
SPRIYA LAKHERA
MBA 4th Sem
Place: JABALPUR
Date:
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TABLE OF CONTENT
1. Executive Summary
2. Objectives of Research
3. Introduction
4. Company profile
5. Conceptual Background
6. Research Methodology
11. Conclusion
12. Bibliography
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