Business Organization and Management
Added on 2022-04-21
19 Pages5202 Words45 Views
1
Annexure:1
LOVELY PROFESSIONAL UNIVERSITY
School of MITTAL SCHOOL OF BUSINESS , Faculty of LOVELY FACULTY OF BUSINESS AND ARTS
Name of the faculty member :- Poonam ma’am
Course Code: MGN101 Course Title: BUSINESS ORGANIZATION AND
MANAGEMENT
Academic Task No: 1 Academic Task Title: ONLINE ASSIGNMENT 1
Date of Allotment: 17.09.2021 Date of Submission: 04.10.2021
Student Roll No: RQ2102A29 Student Reg. No: 12100901
Term: 121221 Section: Q2102
Max. Marks Marks. Obtained:
Evaluation Parameters
Learning Outcomes: (Student to write briefly about learnings obtained from the academic tasks)
In this assignment I will show my analytical skills to recognize the MSME
Strategies for startup and recognize the innovation and emerging trends in
Business.
Declaration:-
I declare that this Assignment is my individual work. I have not copied it from any other students’
work or from any other source except where due acknowledgement is made explicitly in the text,
nor has any part been written for me by any other person.
Evaluation Criterion : Rubrics on different parameters
Student’ Signature: MISHAN KUMAR
Evaluator’s Comments (For Instructor’s use only)
General Observations Suggestions for Improvement Best part of assignment
Evaluator’s Signature and Date:
Annexure:1
LOVELY PROFESSIONAL UNIVERSITY
School of MITTAL SCHOOL OF BUSINESS , Faculty of LOVELY FACULTY OF BUSINESS AND ARTS
Name of the faculty member :- Poonam ma’am
Course Code: MGN101 Course Title: BUSINESS ORGANIZATION AND
MANAGEMENT
Academic Task No: 1 Academic Task Title: ONLINE ASSIGNMENT 1
Date of Allotment: 17.09.2021 Date of Submission: 04.10.2021
Student Roll No: RQ2102A29 Student Reg. No: 12100901
Term: 121221 Section: Q2102
Max. Marks Marks. Obtained:
Evaluation Parameters
Learning Outcomes: (Student to write briefly about learnings obtained from the academic tasks)
In this assignment I will show my analytical skills to recognize the MSME
Strategies for startup and recognize the innovation and emerging trends in
Business.
Declaration:-
I declare that this Assignment is my individual work. I have not copied it from any other students’
work or from any other source except where due acknowledgement is made explicitly in the text,
nor has any part been written for me by any other person.
Evaluation Criterion : Rubrics on different parameters
Student’ Signature: MISHAN KUMAR
Evaluator’s Comments (For Instructor’s use only)
General Observations Suggestions for Improvement Best part of assignment
Evaluator’s Signature and Date:
2
PART:- A
DETAILS OF THE START-UP
❖ INTRODUCTION:- My start-up is about creating a cold chain
industry that is temperature controlled supply chain that will work
for preservation and infrastructure facilities, without any break from
the farm gate to the consumer. It cover creation of infrastructure
facility along with the entire supply chain via. Pre cooling, weighting,
sorting, grading, waxing facilities at farm level to multi-products/
multi-temperature cold storage, packing facility and distribution hub
through reefer trucks and vans for distribution of perishable
products like horticulture, organic produce, marine, dairy products,
meat and poultry etc. This cold chain in which agricultural produce
are preserved afresh and their shelf life is expanded to long period of
time. Cold chain is not only required for agricultural produce but
also for horticulture, floriculture, dairy, pharmaceutical, poultry,
and meat processing.
India has seen a significant growth in production of perishable
products like fruits, vegetables, meat and poultry products but this
growth was not accompanied by the growth in cold supply chain
infrastructure. This disproportional growth has led to price
fluctuations and inflation. The existing supply system that is farm to
market logistics has contributed to huge losses in perishable
products.
PART:- A
DETAILS OF THE START-UP
❖ INTRODUCTION:- My start-up is about creating a cold chain
industry that is temperature controlled supply chain that will work
for preservation and infrastructure facilities, without any break from
the farm gate to the consumer. It cover creation of infrastructure
facility along with the entire supply chain via. Pre cooling, weighting,
sorting, grading, waxing facilities at farm level to multi-products/
multi-temperature cold storage, packing facility and distribution hub
through reefer trucks and vans for distribution of perishable
products like horticulture, organic produce, marine, dairy products,
meat and poultry etc. This cold chain in which agricultural produce
are preserved afresh and their shelf life is expanded to long period of
time. Cold chain is not only required for agricultural produce but
also for horticulture, floriculture, dairy, pharmaceutical, poultry,
and meat processing.
India has seen a significant growth in production of perishable
products like fruits, vegetables, meat and poultry products but this
growth was not accompanied by the growth in cold supply chain
infrastructure. This disproportional growth has led to price
fluctuations and inflation. The existing supply system that is farm to
market logistics has contributed to huge losses in perishable
products.
3
The cold chain market was valued at USD 233.8 billion in 2020 and is
projected to reach a value of USD 340.3 billion by 2025, growing at
CAGR 17.8% in term of value during the forecast period. Increasing
need for temperature control to prevent food losses, growth in
international trade owing to trade liberalization along with the rising
demand for perishable good among the consumer across the globe is
driving the growth of cold chain market.
The Government of India has also noticed this gap and is starting to support the
cold chain industry by starting several scheme and initiatives. One such initiative
was started by Ministry of Agriculture which introduced Mission for integrated
development of Horticulture in 2014, this initiative gave the significant
importance to cold chain industry development.
❖ FORM OF ORGANIZATION:-
Private company:- Section 2(68)of company amendment Act 2013
defines a private company as follow, private company means a
company having a minimum paid-up share capital of ₹1,00,000 or such
higher paid up share capital as may be prescribed and which by its
articles-
i. Restrict the right to transfer its shares
ii. Except in case of one person company limits the number of its
remember to 200
Provided that where two or more person hold one or more
shares in a company jointly they shall, for the purpose of clause,
be treated as single member.
Provided further that:
a) Person who are in the employment of company and
b) Person who living been formerly in the employment of the
company were members of the company while in the
employment and have continued to the member after the
employment ceased, shall not be included in the number
members and
c) Prohibited any invitation to the public to subscribe for any
securities of the company
Benefits of a private company:
A private company offers the following benefits.
i) stability:-Being a separate legal entity the existence of private
The cold chain market was valued at USD 233.8 billion in 2020 and is
projected to reach a value of USD 340.3 billion by 2025, growing at
CAGR 17.8% in term of value during the forecast period. Increasing
need for temperature control to prevent food losses, growth in
international trade owing to trade liberalization along with the rising
demand for perishable good among the consumer across the globe is
driving the growth of cold chain market.
The Government of India has also noticed this gap and is starting to support the
cold chain industry by starting several scheme and initiatives. One such initiative
was started by Ministry of Agriculture which introduced Mission for integrated
development of Horticulture in 2014, this initiative gave the significant
importance to cold chain industry development.
❖ FORM OF ORGANIZATION:-
Private company:- Section 2(68)of company amendment Act 2013
defines a private company as follow, private company means a
company having a minimum paid-up share capital of ₹1,00,000 or such
higher paid up share capital as may be prescribed and which by its
articles-
i. Restrict the right to transfer its shares
ii. Except in case of one person company limits the number of its
remember to 200
Provided that where two or more person hold one or more
shares in a company jointly they shall, for the purpose of clause,
be treated as single member.
Provided further that:
a) Person who are in the employment of company and
b) Person who living been formerly in the employment of the
company were members of the company while in the
employment and have continued to the member after the
employment ceased, shall not be included in the number
members and
c) Prohibited any invitation to the public to subscribe for any
securities of the company
Benefits of a private company:
A private company offers the following benefits.
i) stability:-Being a separate legal entity the existence of private
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company is independent of the existence of it’s member.
ii) Limited liability:- the liability of members is limited only to the
extent of the unpaid capital on the shares held by them.
iii) Comparative flexibility of operations:- a private company enjoy
lesser compliance and more privileges as compared with a
public company, making it a suitable choice for entrepreneur.
iv) Improved credibility:- due to incorporation, a private company
enjoys an improved credibility in doing transaction with various
stakeholders.
v) Team building:- private company offers stock ownership and
ESOP schemes to attract talented pool of workforce for
the company.
vi) Expansion:- In private companies scope of expansion is large as
fund raising can easily be done by receiving funds from it’s
members, directors. Bank also give high value to private
companies and sanction loans accordingly.
Limitation of private company:-
i)Process and formalities:- As the registration of the company
require many formalities one need assistance from professional
like C.As or C.S, w.r.t registration and other compliance with
the relevant laws.
ii) Limited Availability of funds:- due to restrictions on seeking
Public funding the prospect of growth and expansion are limited
to the personal financing capacities of a member of a private firm.
iii) Exit strategy:- through it is easy for a shareholder to exit from a
Company, the procedure to wind up a private limited company
is complicated procedures and substantial liquidation cost
company is independent of the existence of it’s member.
ii) Limited liability:- the liability of members is limited only to the
extent of the unpaid capital on the shares held by them.
iii) Comparative flexibility of operations:- a private company enjoy
lesser compliance and more privileges as compared with a
public company, making it a suitable choice for entrepreneur.
iv) Improved credibility:- due to incorporation, a private company
enjoys an improved credibility in doing transaction with various
stakeholders.
v) Team building:- private company offers stock ownership and
ESOP schemes to attract talented pool of workforce for
the company.
vi) Expansion:- In private companies scope of expansion is large as
fund raising can easily be done by receiving funds from it’s
members, directors. Bank also give high value to private
companies and sanction loans accordingly.
Limitation of private company:-
i)Process and formalities:- As the registration of the company
require many formalities one need assistance from professional
like C.As or C.S, w.r.t registration and other compliance with
the relevant laws.
ii) Limited Availability of funds:- due to restrictions on seeking
Public funding the prospect of growth and expansion are limited
to the personal financing capacities of a member of a private firm.
iii) Exit strategy:- through it is easy for a shareholder to exit from a
Company, the procedure to wind up a private limited company
is complicated procedures and substantial liquidation cost
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