“A STUDY ON TIME MANAGEMENT WITH SPECIAL

REFERANCE TO EMPLOYEES OF BIGBAZAAR,

NAGPUR”
 INDEX

SR. NO. PARTICULARS PAGE NO.

1 INTRODUCTION

2 COMPANY PROFILE

3 OBJECTIVES OF THE STUDY

4 HYPOTHESIS

5 RESEARCH METHODOLOGY

6 BIBLIOGRAPHY
 INTRODUCTION

Time is the most important and precious resource available to the

mankind to be utilized instantly. It doesn’t wait for anybody whosoever is
the person. We can also say time when utilized appropriately to the
maximum extend can give amazing results. In case of a manager, it is the
most precious resource available. The maximum utilization of the time in a
day should be the adored principle, one who kills time, kills his and his
company’s progress time is the resources equally available to each one of
us. There is no unequal distribution of time. Mangers employees and
workers should understand the importance of time. With the background
of the scenario of economic recession.

People waste time and then complain about its shortage, of time is
wasted work will suffer. Work goes on increasing with time. Every second I
precious worth of time should been taught to the executives, employees
and workers. If it is wasted, Then it becomes costly its wastage adds to
cost.

Time being the most important resource, its value must be

understood by one and all. It is more important than money and other
material resources. It is, therefore, necessary to manage time skillfully.
Time is divided into past, present and future. Present is the most
important of time. It’s like ready cash hence it must be used immediately
with effective management. Those who utilize time properly are time
conscious they reach their office on time such people and executives
command respect.

On the contrary, there are many who are never on time, to them
being light and wasting time add to their prestige so that people should say
they are the busiest persons. The success and failure of executives
depends on proper use of time. Being one of the most important resources
it must be saved from prolonging the unnecessary meetings and useless
chats with colleagues and friends to use it for more purposeful tasks. On
completing the task on time, if exhausted, he should take rest .What we
have to keep in mind is that it is not up to how much of time we have used,
it lies on the quality of work we have done.

Generally, time management refers to the development of processes

and tools that increase efficiency and productivity. Any people mistake
time tracking for time management. They religiously keep track of
everything they do each day, for weeks or even months. And then they stop
doing it because they haven’t realized any positive changes. But keeping
track of how you spend your time isn’t time management. Time
management is about making changes to the way you spend your time.

Keeping track of your many daily activities is just a preliminary step

to effective time management. The first step of time management is to
analyze how you actually spend your time so you can determine what
changes you want to make.

This is where many people’s attempts at time management fail. They

look at specific day in their Day-Timer or Outlook calendar or on their palm
which is packed with activities from 8 a.m. to 5 p.m. or 5 p.m. to 8 a.m. and
don’t know what to do with it. So they fall back on the tried and true
techniques and eliminate a few events and prioritize others. But they
haven’t really managed anything; they’ve just rearranged it. All the
perceived problems and frustrations of the day’s activities are still there
and at the end of their they’re still frazzled and frustrated.
 The needs for time management for the corporations arise because of
fast changing world. Everything is moving fast. The competition is
increasing day in and day out. Executives must be time conscious. They
have to take decisions quickly and on time. The delays in taking decision
may push the companies back. Corporation should use the modern
technologies as and when they are available. This is all possible if time is
perfectly worked. The globalization of trade and economic liberalization
has increased need for management.

 Setting Deadlines

Set deadlines for yourself and strive hard to complete tasks ahead of the
deadlines. Do not wait for your superiors to ask you everytime. Learn
to take ownership of work. One person who can best set the deadlines
is you yourself. Ask yourself how much time needs to be devoted to a
particular task and for how many days. Use a planner to mark the
important dates against the set deadlines.

 Delegation of Responsibilities

Learn to say “NO” at workplace. Don’t do everything on your own.

There are other people as well. One should not accept something which
he knows is difficult for him. The roles and responsibilities must be
delegated as per interest and specialization of employees for them to
finish tasks within deadlines. A person who does not have knowledge
about something needs more time than someone who knows the work
well.

 Prioritizing Tasks

Prioritize the tasks as per their importance and urgency. Know the
difference between important and urgent work. Identify which tasks
 should be done within a day, which all should be done within a month
and so on. Tasks which are most important should be done earlier.

 Spending the right time on right activity

Develop the habit of doing the right thing at the right time. Work done
at the wrong time is not of much use. Don’t waste a complete day on
something which can be done in an hour or so. Also keep some time
separate for your personal calls or checking updates on Facebook or
Twitter. After all human being is not a machine.

Why Would We Manage Time?

Time management has come up as a subject in the management field to

reach the goal of increasing productivity, especially among white collar
employees for whom work output may be hard to measure. For example, an
assembly line worker's output of 60 widgets per hour can be compared to a
factory average and deemed as acceptable or not; however white collar outputs
tend to be difficult to compare to standards. So, modern managers in these areas
look for ways to monitor worker productivity in terms of time use.

Examples of Time Management Theories

Modern time management goals are still to increase productivity, but the
best way to do so remains elusive. Many researchers have explored the subject
and come up with different theories on effective time management. Here are the
theories of a few big names in the time management field:

In her 1994 book, Thinking Smarter: Skills for Academic Success, Carla
Crutsinger defined effective time management as the process of:

•Setting goals

•Prioritizing those goals

•Deciding how much time to allocate to specific tasks

•Adjusting plans as things change

•Revisiting the goals and priorities regularly

•Observing results

Academic leader Neil Shipman feels that the critical skills for time management
are:

•Being aware of yourself - your habits and ways of working

•Structuring your time

•Setting goals and priorities

•Increasing personal efficiency and effectiveness

•Scheduling specific time for each activity

•Scheduling relaxation time in order to regenerate

William E. Kelly, in his 2002 article on time management, defined critical time
management skills as:

•Making task lists

•Organizing resources and work

•Setting goals

•Creating and reviewing a schedule

•Breaking down large tasks into smaller pieces

 COMPANY PROFILE

One of the most talked subject in corporate circles, in recent times is

how to optimize the contributions of human resources in achieving
organizational goals. An efficient and satisfied workforce is the most
significant factor in organizational effectiveness and marginal excellence.
But experience in business and service organizations however indicate that
management, comparatively speaking, bestows more time and attention to
policies and system relating to production, technology, investment,
inventory, marketing etc. than to human resource.

Compulsion of modern business environment is however

promoting corporate management to systematically review their current
attitude, beliefs and policies towards human resources for they contribute
most significantly to the survival and growth of organization. Enlightened
and progressive management have therefore come to believe that people
are not problems but opportunities Training and development activities
are important part of exploring these opportunities.

Moreover, Big Bazaar is one of the renowned malls. It has

133outlets across the country. It employees more than 20,000employees.
Big Bazaar is not just another hypermarket; it caters to every need of your
family. Where Big Bazaar scores over the other stores its value for money
proposition for the Indian customers.
 Moreover, Big Bazaar is one of the renowned malls. It has
133outlets across the country. It employees more than 20,000employees.
Big Bazaar is not just another hypermarket; it caters to every need of your
family. Where Big Bazaar scores over the other stores its value for money
proposition for the Indian customers.

Time Management play a very important role in the development

of the organization and its personnel. It is very important function of HR
department.

Time Management is necessary to raise the skill levels and

increase the versatility and adaptability of the employees. This in turn will
increase the productivity of an organization.

Moreover, Big Bazaar ever growing future for their employees; a

person starting from the junior level can grow in any department of Big
Bazaar and for that reason employees Time Management play a vital role in
Big Bazaar. Hence, there could not been a better opportunities to learn
about this important aspect of HRM.

As a result this project of conducting an analysis of the Time

Management in Big Bazaar was selected.

FUTURE GROUP:

Future Group, led by its founder and Group CEO, Mr.

KishorBiyaini, is one of India’s leading business house with multiple
business spanning across the consumption space. While retail forms the
core business activity of Future Group, group subsidiaries are present in
consumer finance, capital, insurance, leisure and entertainment, brand
development, retail real estate development, retail media and logistics.
 In the lifestyle segment, the group operates Pantaloons, a
fashion retail chain and central, a chain of seamless malls. In the value
segment, its marquee brand, Big Bazaar is a hypermarket format that
combines the look, touch and feel of Indian Bazaars with the choice and
convenience of modern retail.

In 2008, Big Bazaar opened its 100th store, making the fastest
ever organic expansion of a hypermarket. The first set of Big Bazaar opened
in 2001 in Kolkata, Hyderabad and Bangalore.

The group’s specialty retail formats include books and music

chain, Depot, sportswear retailer, Planet Sports. Electronics retailers,
Ezone, Home improvement chain, Home town and rural retail chain,
Aadhar among others. It also operates popular shopping portal,
futurebazaar.com.

Future Capital Holdings, the group’s financial arm provides

investment advisory to assets worth over $1 billion that are being invested
in consumer brands and companies , real estate, hotels and logistics. It also
operates a consumer finance arm with branches in 150 locations. Big
Bazaar is not just another hypermarket, it cater to every need of your
family. Where Big Bazaar scores over other stores is its value for money
proposition for the Indian customers.

Big Bazaar is a chain of shopping malls in India, owned by

Pantaloon Group and which work on Wal-Mart type economies of scale.
They have had considerable success in many Indian cities and towns. Big
Bazaar provides quality items at affordable prices. It is a very innovative
idea and this hypermarket has almost anything under one roof. Apparel,
Footwear, Toys, House hold appliances and more. The ambience and
customer care add to the shopping experience.
 Big Bazaar is the company’s foracy into the world of
hypermarket discount stores, the first of its kinds in India. Price and the
wide array of products are the USP’s in Big Bazaar customers. Big Bazaar
offers 1.6 lakhs mass market product ranges that are sought by a majority
of Indian consumers. The high quality of service, goal, ambience, implicit
guarantees and continuous discount programmes had helped in changing
the face of Indian retailing industry. A leading foreign broking house
compared the rush at Big Bazaar to that of a local suburban train.

 Big Bazaar is a chain of shopping malls in India currently with 214

outlets owned by the pantaloon group. The idea was pioneered by
entrepreneur Kishore Biyani, the head of pantaloon retail India ltd.
The idea from the very beginning was to make Big Bazaar very
comfortable for the Indian customer. That was Kishoreji strength as
a retailer.
 Big Bazaar is not just another hypermarket. It caters to every need
of your family. Where Big Bazaar scores over other stores is its
value for money proposition for the Indian customers.
 Big bazaar all over India attract a few thousand customers on any
regular day, and a lot more if they are offering something extra on
each buy. Which they normally are! And the sales force at Big
Bazaar along with the executives is prepared for them.
 OBJECTIVES OF THE STUDY

 To know whether the employees of bigbazaar have enough

knowledge about the importance of time management.

 To study various measures instituted in the company for an effective

management of time in the area of work.

 To find out whether employees use and manage there time

effectively.

 To suggest same guidelines to manage the time effectively in work.

 HYPOTHESIS :-

Research hypothesis are the specific testable prediction made about

the independent and dependent variables that are going to be used in
study. The researcher hypothesis of this study is as follows;

H1 :- Employee’s performance increased by Time management.

H0 :- Employee’s performance cannot increased by Time management.

 RESEARCH METHODOLOGY :-

Generally research is considered as an endeavour to arrive at the answer to

intellectual and practical problem through the application of scientific methods
to the knowledge universe. It is movement from known to unknown. Research
is essentially a logical and an organized enquiry seeking facts through objective
verifiable methods in order to discover the relation among them and to refer
from the board principles or laws. It is really a method of critical thinking.

Research may be defined as a systematic and objective analysis and recording

of controlled observations that may lead to the development of generalization of
principles or theories resulting in predicting and possibly ultimate control of
events.

TYPES OF RESEARCH

Basic Research

This research is conducted largely for the enhancement of knowledge, and is

research which does not have immediate commercial potential. The research
which is done for human welfare, animal welfare and plant kingdom welfare. It
is called basic, pure, fundamental research. The main motivation here is to
expand man's knowledge, not to create or invent something. According to
Travers, “Basic Research is designed to add to an organized body of scientific
knowledge and does not necessarily produce results of immediate practical
value.” Such a research is time and cost intensive. (Example: A experimental
research that may not be or will be helpful in the human progress.)

Applied Research

Applied research is designed to solve practical problems of the modern world,

rather than to acquire knowledge for knowledge's sake. The goal of applied
research is to improve the human condition. It focuses on analysis and solving
social and real life problems. This research is generally conducted on a large
scale basis and is expensive. As such, it is often conducted with the support of
some financing agency like the national government, public corporation, world
bank, UNICEF, UGC, Etc. According to Hunt, “applied research is an
investigation for ways of using scientific knowledge to solve practical
problems” for example:- improve agriculture crop production, treat or cure a
specific disease, improve the energy efficiency of homes, offices, how can
communication among workers in large companies be improved

Problem oriented research

Research is done by industry apex body for sorting out problems faced by all
the companies. Eg:- WTO does problem oriented research for developing
countries, in India agriculture and processed food export development authority
(APEDA) conduct regular research for the benefit of agri-industry.

• As the name indicates, Problem identifying researches are undertaken to know

the exact nature of problem that is required to be solved.

• Here, one clarification is needed when we use the term ‘Problem’, it is not a
problem in true sense. It is usually a decision making dilemma or it is a need to
tackle a particular business situation.

• It could be a difficulty or an opportunity.

For e.g.:-Revenue of Mobile company has decreased by 25% in the last year.
The cause of the problem can be any one of the following:

• Poor quality of the product. • Lack of continuous availability. • Not so

effective advertising campaign. • High price. • Poor calibre / lack of motivation
in sales people/marketing team. • Tough competition from imported brands. •
Depressed economic conditions
• In the same case, suppose the prime cause of problem is poor advertising
campaign & secondary cause is higher pricing. • To tackle the problem of poor
advertising, we have to answer questions like, what can be the new advertising
campaign, who can be the brand ambassador, which media, which channel, at
what time & during which programme advertisements will be broadcast.

Problem solving

This type of research is done by an individual company for the problem faced
by it. Marketing research and market research are the applied research. For eg:-
videocon international conducts research to study customer satisfaction level, it
will be problem solving research. In short, the main aim of problem solving
research is to discover some solution for some pressing practical problem.

Quantitative Research

This research is based on numeric figures or numbers. Quantitative research aim

to measure the quantity or amount and compares it with past records and tries to
project for future period. In social sciences, “quantitative research refers to the
systematic empirical investigation of quantitative properties and phenomena and
their relationships”. The objective of quantitative research is to develop and
employ mathematical models, theories or hypothesis pertaining to phenomena.

The process of measurement is central to quantitative research because it

provides fundamental connection between empirical observation and
mathematical expression of quantitative relationships. Statistics is the most
widely used branch of mathematics in quantitative research. Statistical methods
are used extensively with in fields such as economics and commerce.

In sum, the research using the normative approach conducts why may be called
quantative research as the inferences from it are largely based on quantative
data. Moreover, objectivity is the primary guard so that the research may be
replicated by others, if necessary.

Qualitative Research

Qualitative research presents non-quantitative type of analysis. Qualitative

research is collecting, analyzing and interpreting data by observing what people
do and say. Qualitative research refers to the meanings, definitions,
characteristics, symbols, metaphors, and description of things. Qualitative
research is much more subjective and uses very different methods of collecting
information, mainly individual, in-depth interviews and focus groups.

The nature of this type of research is exploratory and open ended. Small number
of people are interviewed in depth and or a relatively small number of focus
groups are conducted. Qualitative research can be further classified in the
following type.

Phenomenology:-a form of research in which the researcher attempts to

understand how one or more individuals experience a phenomenon. Eg:-we
might interview 20 victims of bhopal tragedy.

Ethnography:- this type of research focuses on describing the culture of a group

of people. A culture is the shared attributes, values, norms, practices, language,
and material things of a group of people. Eg:-the researcher might decide to go
and live with the tribal in Andaman island and study the culture and the
educational practices.

Case study:-is a form of qualitative research that is focused on providing a

detailed account of one or more cases. Eg:-we may study a classroom that was
given a new curriculum for technology use.

Grounded theory:- it is an inductive type of research,based or grounded in the

observations of data from which it was developed; it uses a variety of data
sources, including quantitative data, review of records, interviews, observation
and surveys

Historical research:-it allows one to discuss past and present events in the
context of the present condition, and allows one to reflect and provide possible
answers to current issues and problems. Eg:-the lending pattern of business in
the 19th century.

DESTRUCTIVE RESEARCH

Descriptive research studies are those studies, which describing the

characteristics of a particular individual or as group respective research required

clean specification of what who when why and how aspects of the research.

SAMPLING METHOD

The observation method is most commonly used especially in the studies

relating to behavioral science the main advantage of this method is the

subjective bias is eliminated if observation is done accurately.

SAMPLE SIZE :-

The Sample Size is 50 Respondents

SAMPLE AREA ;-

The Sample Area is Nagpur city.

 BIBILIOGRAPHY

Book Reference :-

 Dr. Andrew Goliszek - Time Management 1st edition

 Fontana David - Management of Time Excel Book 1st edition

 Sheikh A.M - Human Resource Development

Websites -

www.bigbazaar.com
www.hrcapital.com