University Project: Solving Managerial Issues at Jocil Limited

Verified

Added on  2023/06/04

|44
|2815
|114
Project
AI Summary
This managerial project delves into the operational and managerial issues faced by Jocil Limited, an Indian public limited company specializing in Stearic Acid Flakes, Fatty Acids, and refined glycerine. The project identifies key problems such as decreasing brand value due to outsourcing, high raw material costs, and the use of outdated technology. A comprehensive literature review highlights the impact of outsourcing on product quality and efficiency, while the research methodology employs a deductive approach with positivism philosophy and descriptive design. Primary data is collected through employee interviews and surveys, complemented by secondary data from sales reports and financial statements. The project presents a detailed analysis of the collected data, revealing opportunities for Jocil Limited in product diversity and market positioning. Limitations of the research include the lack of identified organizational risks and weaknesses in business strategies, suggesting directions for future research to analyze threats and trigger organizational expansion. The research concludes with recommendations aimed at improving Jocil Limited's overall performance.
Document Page
Managerial Project
Name of the Student
Name of the University
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Executive Summary
Introduction
Summary of Literature Review
Summary of Research Methodology
Presentation of Results
Limitations and Directions for Future
Research
Recommendations and Implications
References
Table of Contents
Document Page
Jocil Limited is undergoing some of the most
significant problems within their operational
processes.
Due to this issue, the overall performance of this
organization was reduced to a greater level.
They outsource various products; however these
are reducing their brand value.
The overall cost effectiveness and quality are
hence getting degraded.
The budget is required to be restructured and the
quality control measures are needed to be
improved. Moreover, an effective performance
indicator is to be created for Jocil Limited.
Executive Summary
Document Page
Jocil Limited is having a downfall of their
brand name for their product outsourcing.
The products that are outsourced by Jocil
Limited, are used as the sub parts of all
other organizations (Dutta 2014).
Jocil Limited is losing their brand value
since the general audience has no idea
about the different big brands are using
these products with their name.
Introduction
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Jocil Limited is a popular public limited
company that started its journey in 1978
named as Andhra Pradesh Oil and Chemical
Industries Limited.
In 1992, this company was renamed as Jocil
Limited (Nyaga 2014).
They mainly manufacture Stearic Acid Flakes,
Fatty Acids and refined glycerine.
These flakes are available in several grades
for use within textiles and pharmaceuticals in
various locations in Andhra Pradesh, India.
Background
Document Page
Jocil Limited is undergoing various problems
within their operational processes.
The main problems are for customer services,
performance management, technology usage,
financial management and many other
processes (Chaparro and Ferreira-Aparicio
2018).
The brand value is getting decreased and
their popularity is getting reduced.
Moreover, due to the high competition, they
are also affected from better performances.
Managerial Problems
Document Page
To analyse the major management and
operational issues faced by Jocil Limited.
To execute various research approaches
for finding solutions.
To execute primary and secondary data
collection techniques.
To use the data for finding the solutions by
primary and secondary data analysis.
Research Objectives
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Jocil Limited has targeted the globalized
market and this has lead to the fact that
their product quality has degraded. One of
the major issue in this organization is the
higher costs of the raw materials
(Brinkmann 2014). Moreover, the global
audience base has decreased and the brand
loyalty of Jocil Limited has been decreasing
in a very fast rate. SWOT analysis is much
effective to identify the issues faced by
them.
Summary of Literature
Review
Document Page
The outsourcing manufacturing is the
main reason of the degradation of Jocil
Limited.
Moreover, due to this outsourcing
manufacturing, the product efficiency and
quality are also decreased.
Other companies are using the products of
Jocil Limited (Korir 2014).
A technical advancement is required for
their project to obtain better globalized
exposure.
Literature Review Contd..
Document Page
The utilization of the advanced and upgraded
technology is an important reason for the brand
degradation in Jocil Limited (Krepelková 2017).
This particular organizational framework has the
tendency to utilize traditional technological
methods.
The main problem that has occurred is that Jocil
Limited requires compromising in either of the cost
productive ratio or in the quality of the product as
these are being hampered (Nyaga 2014).
They should use upgraded technology for getting
more efficiency in manufacturing and quality of the
products.
Utilization of Technology
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
The overall enhancement and shaping of
the organizational management is required
for the mitigation of their existing issues.
Use of Technology Contd…
(Source: Dutta 2014)
Document Page
The high expenses of the raw materials is
another important reason for the degradation
of Jocil Limited.
The production of raw materials from WEGs
has increased the overall costs (Krepelková
2017).
The main functional issue faced in this
organization is the recession of efficiency in
business processes.
Moreover, the product quality degradation is
the next important functional issue for Jocil
Limited.
Increment in the Cost of Raw Materials
and Functional Issues
chevron_up_icon
1 out of 44
circle_padding
hide_on_mobile
zoom_out_icon
[object Object]