MODULE 5 PRESENTATION

1. PRINCIPLE OF MANAGEMENT 2. ECONOMICS FOR MANAGERS 3. ORGANIZATIONAL BEHAVIOR

COMAPANY : MARK COATING INDUSTRIES
PRESENTED BY : NIDHI NAYAK Enrolment no. 58 PAYAL PUROHIT Enrolment no. 74

COMPANY PROFILE
MARK COATING INDUSTRIES was

established in the year 2010 by MR.MANISH DAVE who is the owner of the company.
The major areas in which company does trading

are JOB WORKS FOR POWDER COATING AND INDUSTRIAL PAINTING.

Company gives services in the big industries & 1. 2. 3. 4.

companies like ABB LIMITED SCHNIDLER ELECTRICAL INFRASTRUCTURE LIMITED DEEP SHEET METAL COMPONENTS FEROTIC DIES & MOULDS

PLANNING
Planning is the process of thinking about and organizing the activities

required to achieve a desired goal.

Planning means determining the future course of action i.e. to decide why an action is to be taken? What action is to be taken

When to take an action

Planning bridges the gap between where we are and where we want to go.

PLANNING PROCESS
Establishing Objectives Establishment of Planning Premises Determining Alternative Courses

Evaluation of Alternatives

Selecting a Course of Action

Formulating Derivative Plans

Feedback or Follow-up Action

TYPES OF PLANNING
1.

Long Term Planning: some thing that will taKe long time to accomplish is called long term planning.

e.g.: Marks Coating Industry has its long term planning as how much time is required to complete the order, till when to complete the order, when to deliver the products back etc. 2. Short Term Planning: A short term planning is something which is for a day, for a week, for a month or for a year.
e.g.: Marks Coating Industries has its short term planning as ,every day allotment of work, completing daily targets , set daily targets etc

PRICING DECISIONS OF THE PRODCUT/SERVICES BY FIRM

Pricing is the process of determining what a company will receive in exchange for its product. Profit maximization is the main objective of price policy, but it is only one objective. Following may be other objectives of pricing policy in an organization:

1. Pricing the goods based on reasonable costs. 2. Charge reasonable price so as to have good relations with government and public at large. 3. Maximization of prestige of the firm rather than profit

HOW FIRM DECIDES THE PRICE OF THE SERVICE IT PROVIDES?

Owner of the firm receives quotations of raw materials from the different suppliers. Among various quotations ,owner selects best suited quotations. Owner makes an order & purchase the raw materials from the suppliers Owner calculates the cost by adding overheads ..like transportation charges , carrying charges ,wages etc. Owner estimates the prices . Owner glances the market with the prices they marked for the services Then finally company estimates the price keeping in mind the profit margin . Owner provides the services to the buyer

PRICING METHODS TO DETERMINE PRICES OF GOODS OR SRVICES, AND TO HELP YOU DECIDE WHAT TO CHARGE FOR YOUR PRODUCT / SERVICE
What are your costs to produce a service,? (Direct and indirect.)

What is the customer prepared to pay? (The urgency of market demand.)

What are your competitors charging? (Market research data)

Charge enough to make a profit. (How much do you want to make?)

JOB SATISFACTION
Job satisfaction defines as The

amount of overall positive affect (or feeling) that individuals have toward their jobs. -Hugh J. Arnold and Daniel C.Feldman

CAUSES OF JOB SATISFACTION

1. 2. 3. 4.

5. 6. 7. 8.

Working Conditions Opportunity for Advancement Relationship with Supervisors Situational variables: Working conditions Supervision Opportunity Work group Financial Rewards Pay Respect from Co-Workers Individual factors: Level of education Age Occupation level

THANK YOU!!!