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Chapter V Conclusion

The document summarizes findings and suggestions from a study of Kinematic Trading & Co Private Limited. Key findings include that departments are computerized but there is limited job rotation, safety measures are used but resources are underutilized, and decision making is slow. Suggestions include replacing outdated machinery, motivating employees through promotion and incentives, reducing scrap, recruiting skilled employees, and maximizing resource utilization. In conclusion, the study helped understand management functions and gave insights to help the company adapt to changes and use resources effectively.

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Meena Sivasubramanian
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102 views

Chapter V Conclusion

The document summarizes findings and suggestions from a study of Kinematic Trading & Co Private Limited. Key findings include that departments are computerized but there is limited job rotation, safety measures are used but resources are underutilized, and decision making is slow. Suggestions include replacing outdated machinery, motivating employees through promotion and incentives, reducing scrap, recruiting skilled employees, and maximizing resource utilization. In conclusion, the study helped understand management functions and gave insights to help the company adapt to changes and use resources effectively.

Uploaded by

Meena Sivasubramanian
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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CHAPTER V

FINDINGS

 All departments are computerized. Special training is provided to them.


 Limited opportunity for job rotation.
 Safety Measures are efficiently used.
 Welfare Measures are initiated for employees.
 Resources are not fully utilized.
 Promotion is based on the seniority and performance.
 Good working conditions and welfare facilities for the employees.
 Decision making is slow.
 Company is facing the problem of man power shortage.
 Presently company is not able to take bulk orders.

SUGGESTIONS

 Replacement of the existing outdated machinery with latest.


 Employees must be motivated by giving promotion and cash incentives.
 Avoid the use of costly machines by trainees and temporary laborers, this will help to
reduce scrap and increase the life span of machines.
 Recruit new technically skilled employees. It may be skilled trainees within the
organization or the engineers with experience from other reputed organization.
 Proper and regular maintenance of plant and machines should be done.
 Take effective measures to prevent labour turnover (skilled employees).
 Make appropriate changes in the products design and features on the basis of new market
trends.
 Maximum utilization of available resources

CONCLUSION

Globalization and Liberalization has brought us in a competitive environment, where only the
fittest can survive. The success depends upon how an organization can cope up with changes
taken place and how effectively they can use the organization’s resources so as to achieve an
effective output. Management of resources is a vital and central activity in any organization.
Management, whether it is in industry, civil service, defense or in any other discipline is growing
complex day by day. The study conducted at KINEMATIC TRADING &CO PRIVATE
LIMITED helps to understand complexity of management functions, apart from class room
studies. The study gave an idea about the performance of management functions which led to its
success. The management practices gave the real picture of functions like planning, organizing,
staffing, controlling, co coordinating etc. The social responsibility of management, business
ethics, strategy, decision making, organization development technique etc gave the image of
professional management. KINEMATIC TRADING &CO PRIVATE LIMITED is doing
great help to nation by providing very important and essential equipment to various industrial
concerns.

BIBLIOGRAPHY

 Pandey I M (2009), Financial Management, 9th edition, New Delhi: Vikas Publishing
House Pvt Ltd
 Lane Kevin Keller (2005), 12th Edition, New Delhi: Prentice Hall of India Pvt, Ltd
 Marketing Management, Philip Kotler
 Human Resource and Personnel Management, Aswathappa K(2005), New Delhi: Tata
Mc Graw Hill.

WEBSITES:

www.google.com

www.scribed/com

www.wikipedia.com

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