Professional Documents
Culture Documents
BUS 498.71
Table of Contents
Background ................................................................................................................................ 2
COMPANY PROFILE .............................................................................................................. 4
Awards and Certification ........................................................................................................... 5
PRODUCTS............................................................................................................................... 5
My Department .......................................................................................................................... 6
Porter’s Five Forces ................................................................................................................... 8
Threats of New Entrants ........................................................................................................ 8
Threats of Substitutions ......................................................................................................... 9
Bargaining Power of the Buyers ............................................................................................ 9
Bargaining Power of Suppliers .............................................................................................. 9
Competitive Rivalry ............................................................................................................... 9
SWOT on MY SELF ............................................................................................................... 10
Strength ................................................................................................................................ 10
Weakness ............................................................................................................................. 12
Threats ................................................................................................................................. 13
Opportunities ....................................................................................................................... 14
HR Issues ................................................................................................................................. 20
Recommendations and Implementations ................................................................................. 21
Daily Journal ............................................................................................................................ 26
1
Company - PRAN RFL Group
BUS 498.71
Background
Now, PRAN-RFL consumers not only value PRAN for its authentic refreshing juice
drinks products, but also for its mouthwatering quality confectionery products with
high visual appeal and exciting texture. PRAN intend to expand their presence to
every corner of the world and strive to make PRAN-RFL a truly international brand to
be recognized globally. started its operation as a processors fruit and vegetable in
Bangladesh. Over the years, the company has not only grown in stature but also
contributed significantly to the overall socio-economic development of the country.
PRAN-RFL is currently one of the most admired food & beverages brand among the
millions of people of Bangladesh and other 94 countries of the world where PRAN-
RFL products are regularly being exported. All the PRAN-RFL products are produced
as per international standards maintaining highest level of quality at every stage of its
production process.
RFL started its journey with cast iron (CI) products in 1980. The initial primary
objective was to guarantee pure water and affordable irrigation instruments for
improving rural life. Today the society delivers its wide ranges of CI products like
pumps, tube wells, bearings, gas stoves, etc. And has attained the prestige as the large
cast iron foundry and light engineering workshop in Bangladesh. With a vision to
serve the common masses of Bangladesh with quality necessary products, RFL
diversified its operation into the PVC category in 1996 and in the plastic sector in
2003. At present it is the marketplace leader in all these three sectors-cast iron, PVC
and Plastic in the country. Sizeable amount is also exported to different states.
It is equipped with in-house R & D facilities to design and develop new products. A
well organized, owned testing laboratory is used to ensure quality products. RFL has
been awarded with BSTI certificate and the IS09001 Certificate for its strict
compliance with the standard set of both the organizations. The factory sites are
company owned industrial parks of 500,000 sq meters, which is fully equipped with
state of the art injection molding machines, extrusion with a Conversion capacity of
over 20,000 tons per month. RFL currently utilizes 1600 molds through 500
machines, 04 foundries and 250 extrusion machines having own tool facilities.
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Company - PRAN RFL Group
BUS 498.71
PRAN takes a comprehensive approach to all kinds of agro processed food products,
considering all the ways their lives can be enriched through ensuring hygienic and
quality food products. With HACCP compliance to ensure best quality products
reaching to the consumers, PRAN places great importance on hygienic manufacturing
processes. This encompasses everything from choosing quality materials to the use of
storage facilities and careful monitoring of products using electronic sorting. Skilled
and experienced personnel select finished products which are then examined in a
laboratory to verify their quality and check for residual substances both before and
after the production process. Furthermore, company’s computer systems offer
continuous monitoring of all manufacturing process to ensure the highest level of
quality.
PRAN, the largest exporter of processed food from Bangladesh, had a vision of
creating a huge demand globally of those agro based products produced by native
farmers. The key was to process the agro products and increase shelf-life thereby.
Starting successful journey to export market since 1996, PRAN currently exports to
over 134 countries.
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Company - PRAN RFL Group
BUS 498.71
COMPANY PROFILE
AIM: To Generate Employment and Earn Dignity & Self Respect for Our
Compatriots through profitable Enterprises
Companies: 37
Employees: 84,000
Products: More than 6,000
Factories: 13 (400-acre area)
Dealer: 37,000
Registered Farmers: 78,000
Dependents: More than 1,000,000 people around the world
Export to: 108 Countries
Export (2013-2014): US $ 94 Million
Main Export Market: India (33%)
Strength: Distribution Channel and Devoted Employees
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Company - PRAN RFL Group
BUS 498.71
PRODUCTS
PRAN takes a comprehensive approach to all kinds of agro processed food products,
considering all of the ways their lives can be enriched through ensuring hygienic and
quality food products.
With HACCP compliance to ensure best quality products reaching to the consumers,
PRAN places great importance on hygienic manufacturing processes. This
encompasses everything from choosing quality materials to the use of storage
facilities and careful monitoring of products using electronic sorting. Skilled and
experienced personnel select finished products which are then examined in a
laboratory to verify their quality and check for residual substances both before and
after the production process.
Furthermore, company’s computer systems offer continuous monitoring of all
manufacturing process to ensure the highest level of quality.
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Company - PRAN RFL Group
BUS 498.71
My Department
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Company - PRAN RFL Group
BUS 498.71
In order to make HRM become more strategic in PRAN-RFL Group, management has
reduced most of the administrative and paperwork from HRM that might holds HRM
back. PRAN-RFL has organized HRM function as follows: -
Chief HRM
• Make Annual
appraisal
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Company - PRAN RFL Group
BUS 498.71
Porter's Five Forces is a model that identifies and analyzes five competitive forces
that shape every industry, and helps determine an industry's weaknesses and strengths.
Frequently used to identify an industry's structure to determine corporate strategy,
Porter's model can be applied to any segment of the economy to search for
profitability and attractiveness.
Profitable markets attract new entrants, which erodes profitability. Unless incumbents
have strong and durable barriers to entry, for example, patents, economies of scale,
capital requirements or government policies, then profitability will decline to a
competitive rate.
Threats of new entrants are always there for PRAN RFL group as they have been on
of the biggest company of the country and thus there are lots of other companies who
have always been looking for scope to get in the market and take or grab the market
of PRAN.
Threats
Degree of of New
Competition Entrants
Porter’s
5 Forces Supplier
Threat of Power
Substitution
Customer
Power
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Company - PRAN RFL Group
BUS 498.71
Threats of Substitutions:
Where close substitute products exist in a market, it increases the likelihood of
customers switching to alternatives in response to price increases. This reduces both
the power of suppliers and the attractiveness of the market.
In the business of PRAN RFL group the treats of substitution are high. Because there
are Akij foods, Bd Foods, Square who are trying to take the market with their level
best effort. So if PRAN RFL group is doing something unfair with the customers then
the customers can easily switch to other companies. So PRAN should be aware of
that.
Bargaining Power of the Buyers:
An assessment of how easy it is for suppliers to drive up prices. This is driven by the:
number of suppliers of each essential input; uniqueness of their product or service;
relative size and strength of the supplier; and cost of switching from one supplier to
another.
The bargaining power of the consumer is very low. Because most of the products are
of fixed price so they have no choice bargaining.
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Company - PRAN RFL Group
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SWOT on MY SELF
This SWOT analysis would help to gather more knowledge about myself and thus I
will be able to find my internal strength and weaknesses on the other hand and again
the external threats and opportunities.
Strength
1. Positivity
Positivity is the frequent experience of pleasant emotions. Some of the most common
are: joy, hope, gratitude, interest, serenity, pride, amusement, love, inspiration, and
awe. I think this is a strength of mine because I have a nature that helps me to find all
the positive sides of anything.
2. Stress Management
Stress management refers to the wide spectrum of
techniques and psychotherapies aimed at controlling a
person's levels of stress, especially chronic stress, usually
for the purpose of improving everyday functioning. This is
a strength of mine because today in this competitive world
we have to face a lot of tasks together where we have to go
throw a lot of difficult situations so if not able to cope with
the difficulties then it would be tough for anyone to
survive. So, I think this is one of my best features that is
more like my strength. There are some ways which I apply
to reduce my stress. These are:
Meditate. A few minutes of practice per day can help ease anxiety. ...
Breathe Deeply. Take a 5-minute break and focus on your breathing. ...
Be Present. Slow down. ...
Reach Out. ...
Tune in to Your Body
3. Convince People
This is another thing that is one of my biggest strength. This helps me to make my
works easier and settle down quickly. Things I do to convince people are as follow:
➢ Maintain eye contact and smile. Be polite, cheerful, and charismatic. ...
➢ Know your product. Show them all the benefits of your idea. ...
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Company - PRAN RFL Group
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4. Bargaining Power
Bargaining power is the relative ability of parties in a situation to exert influence over
each other. If both parties are on an equal footing in a debate, then they will have
equal bargaining power, such as in a perfectly competitive market, or between an
evenly matched monopoly and monopsony.
Due to a course HRM 410 I have learned art of bargaining form my honorable faculty
Tajuddin Sir and now it has turned into a strength of mine.
5. Punctual
Punctuality is the characteristic of being able to
complete a required task or fulfill an obligation
before or at a previously designated time. "Punctual"
is often used synonymously with "on time". It is also
acceptable that punctual can also, be related to
talking about grammar, mean "to be accurate.
I think this is another strength as I am never late in
my works or other stuffs.
6. Activeness
Being active is also an advantage for any one cause
only activeness can make someone do his or her work done in the shortest possible
time. I think this my strength as well.
7. Presentation skills
Presentation is one of my biggest strength as most of my faculties in my undergrad
life has praised my presentation skills.
8. I like to stay in a very disciplined way.
9. I have the habit of creating new ideas.
10. I am very much loyal.
11. Hard work is my key to success.
12. Analyzing Capability is another thing that I consider as my strength
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Company - PRAN RFL Group
BUS 498.71
Weakness
1. Introvert
This is one of my biggest weaknesses. Being introvert has brought me to such
situations where I need to express but fail to express. This is the place where I should
improve to survive overall.
3. Anger
This is something that I cannot control which
should be changed soon.
4. Arrogant
I am a bit arrogant which I shouldn’t be and
this is what I consider as my weakness.
5. Lack of concentration
Sometimes I find my self facing trouble in
putting my concentration to the level best. So I
think this is my weakness as well.
6. Weak in Mathematics
7. Shy
8. Intolerant
9. Strict
10. Aggressive
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Company - PRAN RFL Group
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Threats
2. CGPA
Higher CGPA of other students can
cause threat to me in future unless I
can show my skills and talents in the
job market.
4. Competitive Compotators
Nowadays the number of competitors
are many and they are qualified too.
So if I am not utilizing my talents
and capability then this would be
really tough for me to cope and
threats would increase as well.
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Company - PRAN RFL Group
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Opportunities
1. Public Speaker
I love public speaking. So this can be a great opportunity for me in future if I want to
be a public speaker.
2. HR Job Field
Yes, this is difficult to find a job in HR but as I have done my undergrad major in
HRM and also the internship in PRAN RFL Group HR department so I think there
would be great opportunity for me in future to join the HR sectors.
3. Business
Being a business student not only I have to look for jobs but I still have opportunities
to involve myself in different businesses.
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Company - PRAN RFL Group
BUS 498.71
1. Brand Image
Among many food and beverage producing companies in Bangladesh! Pran has
become successful in creating a strong brand image in the minds of its potential
customers. from major cities to rural villages! Pran has become the number one food
brand that is preferred by consumers.
3. Experiences
Starting their journey on 1981 PRAN has gathered a huge amount of experience
which is proving to be one of their big strengths. It is more than 36 years of business
experience that PRAN has got with them self.
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Company - PRAN RFL Group
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7. Distribution Channel
We select retailers and dealer to carry our product to the shops. We also inquiry the
previous performance of retailer and dealers. Our company select short distribution
process as a result, our maintain cost reduce and profit can easily increase. Company
use their own transport.
9. Integrity
PRAN believes success depends on the quality and the value of their product by
providing a safe wholesome and economically efficient and healthy environment for
the customers.
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Company - PRAN RFL Group
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1. Price
2. Target market
Because their company’s product and service are international standard in terms if
both quality and price. It is difficult for them company to go for mass marketing
3. Preservation
It is much more difficult for our company to preserve the mango products. Because
food is so perishable product and also the problem of temperature.
As a very big company the decision taking power should e divided in a way that
decisions can be taken as soon as possible and also in the most efficient ways.
6. Price Disadvantage
PRAN’s price strategy is very low and that is the reason they have a very low profit
and again this is risky too as others can take advantage of it.
As a huge company they need to cover a large area and that is the reason sometimes it
becomes difficult to cover all the area.
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Company - PRAN RFL Group
BUS 498.71
1. New technology
New theology is the biggest advantage for our company. Therefore, we can eliminate
our production cost as much as possible.
2. New Market
The main peruse to enter the new geographical area is to be generate profit as well as
increase our brand image
4. Distribution System
PRAN can develop effective distribution system.
5. Survey
PRAN can have random surveys in the market to have an idea of the consumers’
needs in a very efficient way.
6. Contribute to GDP
PRAN is a huge company so they can easily contribute to the national GDP. They
produce fruits and vegetables which is part of the agricultural so there is a huge
opportunity for them to contribute to the GDP.
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Company - PRAN RFL Group
BUS 498.71
1. Competitors
When we lunch our product in a new market, there are available competitors. It is
important for us to differentiate our product from other competitors.
The competition is not only among the market but also with the pricing as there are
many other companies now who are trying to grab the market as well and thus it is a
threat to PRAN currently.
4. Foreign Competitors
As PRAN is expanding their business abroad so they are not only having local
competitors but also foreign competitors as well.
5. Low Price
Lower price can also be a threat for them sometime as the profit may have a chance to
get minimized.
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Company - PRAN RFL Group
BUS 498.71
HR Issues
Being a big company PRAN has got a huge number of employees working under
them. So the HR issues are many but it is difficult to point out all the HR related
problems. Still I have tried my level best to find out some of these problems and
analyzed it. These are some of the HR issues that are discussed below:
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Company - PRAN RFL Group
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Recommendations: The employee satisfaction level is very low here and is a very
bad sign for PRAN because if the salary is not to the
mark then the employees get dissatisfied very soon
and that can cause problems.
Implementations: The main reasons for the
employee dissatisfaction should be find out and
should be talked with the current employees as they
know how to remove this problem because if
employees are not performing to their level best then
they would not be able to get a good output from
them.
The examination process of the employees is not up to the mark. It can be better
Recommendations: The exams taken by PRAN RFL is not up to the mark. They try
to take exams those are very easy, and they don’t even mark those things in a proper
way. So sometime this may create problem as some qualified people may not be able
to get chance in the exams where un qualified people may be getting chances there.
So, the standard of the exams should be increased.
Implementations: The exams taken by PRAN RFL is very basic and it actually
doesn’t seem that it is up to the mark. So they should take exams with better question
pattern.
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Company - PRAN RFL Group
BUS 498.71
representative are selected each week almost half of them leave their job in the next
week. So this is a total loss for them and this should be reduced.
Implementations: The HR team should focus on the selection process more strictly
because they can only say how it can be done in the proper way. They should provide
a plan for them and this it would help them to reduce the turnover rate.
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Company - PRAN RFL Group
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No HRIS
Recommendations: Organizations must look for ways to manage their internal
processes efficiently while preserving the integrity of each practice. In human
resources, this involves many transactions affecting people, including the benefits
they receive and the ways they are treated by the organization. Tracking HR activities
through a human resources information system is efficient and effective for many
business organizations. PRAN should have a HRIS soon.
Implementations: The HR team should sit together to make a HRIS because
nowadays every company needs an HRIS for their company.
Recommendations: As the number of the employees is too many for the PRAN RFL
group so the competition among the
employees is too high as well. So the
promotions take place in a lengthy way. So
the promotions of the employees should be in
time.
Implementations: The HR team should fix
specific time for all the employees of different
criteria and thus they should be able to
promote them in time.
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Company - PRAN RFL Group
BUS 498.71
them are working under the HR department. The bonding of all the departments
should be better for better results.
Implementations: The HR department should work as and unite to get better results.
So if the HR department head is taking this as an important matter then this HR team
would be working together to make even better results and turn into a more bigger
company.
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Company - PRAN RFL Group
BUS 498.71
Daily Journal
For the week from 1st of October 6, 2017 to 6th of October 6, 2017. For
government holiday this week’s workday started from 2nd of October 6, 2017.
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