Professional Documents
Culture Documents
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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 employees 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
employees. 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
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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.
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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.
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What is Time Management ?
Time Management refers to managing time effectively so that the right time
is allocated to the right activity.
Time Management refers to making the best use of time as time is always
limited.
Ask yourself which activity is more important and how much time should be
allocated to the same? Know which work should be done earlier and which can be
done a little later.
Time Management plays a very important role not only in organizations but also in
our personal lives.
i. Effective Planning
Effective Planning
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work should come on top followed by those which do not need much of
your importance at the moment. Complete pending tasks one by one. Do
not begin fresh work unless you have finished your previous task. Tick the
ones you have already completed. Ensure you finish the tasks within the
stipulated time frame.
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
Prioritizing Tasks
Prioritize the tasks as per their importance and urgency. Know the
difference between important and urgent work. Identify which tasks should
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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.
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.
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
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•Revisiting the goals and priorities regularly
•Observing results
Academic leader Neil Shipman feels that the critical skills for time management are:
William E. Kelly, in his 2002 article on time management, defined critical time
management skills as:
•Setting goals
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COMPANY PROFILE
COMPANY PROFILE
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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.
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Where Big Bazaar scores over the other stores its value for money proposition
for the Indian customers.
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.
FUTURE CAPITAL
FUTURE SPACE
FUTURE BRAND
FUTURE MEDIA
FUTURE LOGISTICS
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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 100 th 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.
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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.
The central objective for earlier businesses of big Bazaar was to bring in
stability and consolidation. The new macro-differentiate can be design.
Design is helping companies to sell differentiated experiences and solutions
that connect with the consumer emotions.
Target customers
Targeting young working class
Value for money
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VARIETIES OF PRODUCTS IN BIG BAZAAR:
o Mumbai
o Delhi
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o Pune
o Bangalore
o Hyderabad
o Kolkata
o Chennai
o Coimbatore
o Tirupur
o Ahmadabad
o Allahabad
o Chandigar
o Cochin
o Goa
o Jaipur
o Ludhiana
o Luck now
GROUP VISION:
GROUP MISSION:
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We will be the trendsetters in evolving delivery formats,
creating retail realty, making consumption affordable for all customer
segments – for classes and for masses.
We shall infuse Indian brands with confused and renewed
ambition.
We shall be efficient and cost- conscious and committed to
quality in whatever we do.
BOARD OF DIRECTORS:
Managing director:
MrkishoreBiyani
MrGopikishanBiyani
MrRakeshBiyani
Directors:
MrShaileshHaribhakti
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MrS.Doreswamy
MrDarlieKoshy
Mr Anil Harish
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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;
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SCOPE OF THE STUDY
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3. The activity shows how to diligently work together and communicate
effectively in order to ensure a successful project outcome.
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b) The employees were busy with their work, therefore they could not give
enough time for the interview.
c) The personal biases of the respondents might have entered into their
response.
d) Some of the respondents gave no answer to the questions, which may affect
the analysis.
f) Only feedback from morning shift employees can be collected not possible
to contact the night shift employees.
RESEARCH METHODOLOGY :-
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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.
1) Selection of subject.
4) Collection of data.
5) Reliability of data.
6) Analysis of data.
7) Reporting.
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TYPES OF RESEARCH
Basic Research
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
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.
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• 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.
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:
• 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
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relationships”. The objective of quantitative research is to develop and employ
mathematical models, theories or hypothesis pertaining to phenomena.
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
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.
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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.
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
clean specification of what who when why and how aspects of the research.
SAMPLING METHOD
relating to behavioral science the main advantage of this method is the subjective
SAMPLE SIZE :-
SAMPLE AREA ;-
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METHODOLOGY OF ANALYSIS:-
Data which has been collected through various sources has to proceed and analysed
the accepted relevant scientific method are used for analysed processing is done by
different graphs, which clearly show the finding and half us to understand thing is
more better way different table and comparative chart also used for analysed and the
most important ways was case study and illustration.
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5. TABULATION: It is a process of summarizing row data and displaying the
same in concept from for further analysis. The tabulation can be simplified in
rows and columns; it conserves space and minimizes exploratory and
descriptive statements. Tabulation facilities the process of comparison. It
assists in various statistical computations. It simplifies complex data, and gives
identify to data and reveals pattern.
DATA COLLECTION
Primary data
Secondary data
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PRIMARY DATA:- Primary data are those which are collected for the first
time. They are original in character. They are collected by the researcher for
the first time for her own use.
2. Interview
3. Questionnaire
SECONDARY DATA- Secondary data are those which have already been
collected by others. When it is not possible to collect data in primary form,
the researcher may take the help of secondary data. They are thus which
have already been collected for serving the objectives other then what the
researcher might have in his mind.
1) Books
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2) Websites
3) Journals
1. BOOKS:
2. WEBSITE:
3. JOURNALS:
The Balance sheet shows the financial status of a business. The registered
companies are to follow part 1 of schedule VI of act 1956 for recording Assets
and Liabilities in the Balance Sheet.
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IMPORTANCE
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usually only end in disaster, so it's important that proper planning is used during
performance management. This applies not only to the performance management
system itself, but also to the inner workings of the business. Speaking strictly
about performance management, good planning begins by analyzing the exact
goals you want your company to attain and to develop realistic ways to achieve
them. It's vital that your goals be realistic, otherwise your performance
management plan will fail. It's also important to take the time to create a real
plan that can achieve your goals.
3. Rewards – While some experts place this lower in importance than other aspects
of performance management, the truth is that your employees deserve rewards
and that few things will influence not only the success of your performance
management efforts but also the success of your entire company quite like
appropriate rewards. Whether it is simple public recognition or actual monetary
rewards, no performance management process will be complete or effective
without good use of rewards. They can improve morale and employee
satisfaction, boost productivity, and help you move closer to your goals. If you
want your performance management to be successful, take the time to utilize
rewards.
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Unicorn HRO provides performance management tools that can help you
formulate plans, monitor progress closely, and even track and manage rewards.
Having software that allows you to effectively implement performance
management is important and almost as vital as the actual steps that you take in
your performance management efforts.
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REVIEW OF LITERATURE
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REVIEW OF LITERATURE
A Literature review is a body of text that aims to review the critical point of
current knowledge including substantive findings as well as theoretical and
methodological contributions to a particular topic.
EMPLOYEES :-
1) Employers have a need to keep employees from leaving and going to work
for other companies. This is true because of the great costs associated with
hiring and retraining new employees. The best way to retain employees is by
providing them with job satisfaction and opportunities for advancement in
their careers.
2) Employees that are satisfied and happy in with their jobs are more dedicated
in doing a good job and taking care of customers that sustain the operation.
3) Research has shown that there may be many environmental features that can
be created and maintained to give employees job satisfaction. Pay and
benefits, communication, motivation justice and leisure time all seem to play
a part as to whether employees are satisfied with their jobs, according to
studies which helps to retain employees.
4) The employees are extremely crucial to the organization since their value to
the organization is essentially intangible and not easily replicated Meaghan et
al., Therefore, managers must recognize that employees as major contributors
to the efficient achievement of the organization’s success.
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ABSTRACT
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Originality/value – This review is the first to offer an overview of empirical
research on time management. Both practice and scientific research may benefit
from the description of previous attempts to measure and test the popular notions of
time management. Keywords Time measurement, Training, Control, Job satisfaction,
Performance management Paper type Literature review During the last two decades,
there has been a growing recognition of the importance of time in the organizational
literature. According to Orlikowsky and Yates (2002), the temporal dimension of
work has become more important because of expanding global competition and
increased demands for immediate availability of products and services. Garhammer
(2002) has pointed at the increased pace of life shown in doing things faster
(acceleration), contracting time expenditure (e.g. eat faster, sleep less), and
compressing actions (making a phone call while having lunch). Other studies have
examined the perception of time in organizational contexts (e.g. Palmer and
Schoorman, 1999) and the experience of time pressure among employees (e.g.
Jackson and Martin, 1996; Major et al., 2002; Teuchmann et al., 1999). The current
issue and full text archive of this journal is available at
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do lists”) in order to increase job performance. At the same time, some authors (e.g.
Drucker, 1967) recognized that planning tasks and activities does not always lead to
the completion of planned work, especially when time pressure is high.
McCay (1959) developed a concept for a time-management training program,
which is still being used. Critical elements are: giving insight into time-consuming
activities, changing time expenditure, and increasing workday efficiency by teaching
people how to make a daily planning, how to prioritise tasks, and how to handle
unexpected tasks. Many books and articles were written to convey these and similar
ideas to managers, promising them a greater effectiveness while using less time (e.g.
Blanchard and Johnson, 1982). Over the years the focus of time management
publications and training courses has shifted from managers as the major target
group to a broad audience of working people. The term “time management” is
actually misleading. Strictly speaking, time cannot be managed, because it is an
inaccessible factor. Only the way a person deals with time can be influenced. Time
management can be viewed as a way of monitoring and controlling time (e.g. Eilam
and Aharon, 2003). In this regard, it would be more appropriate to speak about self-
management with regard to the performance of multiple tasks within a certain time
period. But in the literature, the term self-management has a different meaning. It
refers to monitoring and regulating oneself, but without any specific reference to
techniques for monitoring time use.
Therefore, we will stick to the use of the term time management in the present paper.
In spite of all popular attention to managing time, relatively little research has been
conducted on the processes involved in using one’s time effectively (e.g. by using
“prime time” to carry out important tasks) and completing work within deadlines. In
1987, a review was published that addressed the increasing popularity of time
management (Richards, 1987). It discussed the principles mentioned by authors like
McCay (1959) and concluded that, for instance, setting life goals and keeping time
logs were important techniques for effectively managing one’s time. Although this
article was helpful in understanding the ideas behind the notion of time management,
it was not a review of empirical time management studies. In fact, to our knowledge,
no reviews of empirical research of time management have been published since the
article by Richards (1987). Therefore, the first aim of the present study is to review
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past empirical studies on time management and to determine the state-of-the-art in
this area of research. We will review the way in which researchers have incorporated
time management concepts and methods in their research and critically discuss the
research designs they used. Questions to be addressed are: What is time management
behaviour? What are its antecedents? What is its impact on outcome variables, such
as health and job performance? Our second aim is to determine in which areas more
research is needed to extend the present knowledge of time management and the
processes involved.
Method
RESULTS
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Table I describes the studies included in this review in terms of: author(s) and
publication year, the methods used, the samples, the measures of time management,
and the variables involved. As can be seen in Table I, we found no empirical studies
published before 1982. Obviously, time management has made its way into the
literature without being accompanied by empirical research. The number of
respondents in the studies ranged from four to 701, with an average of 90. Three
types of research groups were included,
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DATA ANALYSIS AND
INTERPRETATION
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Yes 30 60%
No 20 40%
Total 50 100%
Sales
40 Yes
No
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INTERPRETATION :-
From the above graph is 60% of Worker are aware of Deadlines &
Schedules are aware of the Company and 40% Worker are not aware of
Deadlines & schedules of company.
42
1 – 2 Year 12 25%
Above 2 Year 33 55%
Total 50 100%
Sales
20
INTERPRETATION :-
From the above graph 20% Employees are working for Less than
1 Year in the company, 25% Employees are Working since 1 – 2 Year
and 55% Employees are working more and than 2 years.
3) Do you know you can help the organization to achieve its aims.
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Work Employees Percentage
Yes 35 70%
No 15 30%
Total 50 100%
Sales
30
Yes
No
70
INTERPRETATION :-
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4) Find the plan & schedule the time ?
Sales
10
Always
20 40 Usually
Sometimes
Rarely
30
INTERPRETATION :-
From the above graph is 40% Employees are Plan in working time
is always and regularly, 30% are usually plan the working time, 20%
Employees are plan in sometimes and 10% Rarely working in
Organization.
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5) Do you keep the work space tidy, so that can be done
efficiently?
Sales
16
35 Frequently
Always
Rarely
Sometimes
22
28
INTERPRETATION :-
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6) Find the plan & scheduled the time ?
Sales
15
Always
40 Usually
Sometimes
20 Rarely
25
INTERPRETATION :-
From the above graph 40% Employees are Plan & schedules are
decide the and 25% employees in usually plan and scheduled time in
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working and 20% Employees are sometime and 15% Employees in
Rarely Time scheduled.
Sales
30
Yes
No
70
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INTERPRETATION :-
From the above graph is 70% Employees are date and work are
decided in office and 30% are not goals of the work.
8) Are you able to relax in your free time without worrying about
your work?
Sales
40 Yes
No
60
49
INTERPRETATION :-
Sales
20
Yes
No
Sometimes
50
30
50
INTERPRETATION :-
51
Sales
25
Always
40 Usually
Sometimes
Rarely
15
20
INTERPRETATION :-
From the above graph is 40% Employees are one job is Always
and next working time is start, 20% employees are usually the time is
next and 15% employees are one job or task before company and 25%
are no job.
11) Do you think that the incentives and other benefits will
influence your performance?
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No opinion 10 20
Total 50 100%
Sales
20
Influence
Does not influence
No opinion
50
30
INTERPRETATION :-
53
No 10 20
Total 50 100%
Sales
20
Yes
No
80
INTERPRETATION :-
From the above graph is 80% Employees are improve the skill
and abilities in job at company because the experience in the company
and 20% employees are not improve in skills and ability.
13) Do you keep the work space, tidy, so that work can be done
efficiently?
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Work Employees Percentage
Frequently 20 40
Always 10 20
Sometimes 8 15
Rarely 12 25
Total 50 100%
Sales
25
Always
40 Usually
Sometimes
Rarely
15
20
INTERPRETATION :-
From the above graph is 40% Employees are working time tidy,
20% employees are done in efficiently in your work and 15% are
sometime in working time and 25% are rarely in your working space.
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14) Find that doing everything is very efficient?
Sales
20
35
Always
Usually
Sometimes
Rarely
25
30
INTERPRETATION :-
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CONCLUSION AND
SUGGESTION
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CONCLUSION
Age wise, a good majority belong to upper middle class and middle class
sectors.
On the basis of income, a good majority belong 8000-10000 income
groups.
Out of the 40 respondents, most of them find enough time to discharge
their duties.
Out of the 40 respondents majority of 50% always agree that they are
aware of deadlines and schedule their work to meet them in plenty of
time.
It can conclude that most of the respondents write specific objectives in
order to work towards their goals which are equally true for all the
departments.
Out of all the respondents majority agreed that they have the habit of
using calendar to write down appointment, deadlines etc,.
Most of the respondents agree that they have control at work and at
home.
Out of the 40 respondents, majority usually plan and schedule their time
on a weekly or a monthly basis.
Out of the 40 respondents, half of them maintain a daily-to-do list and
refer it several times a day. Rest half rarely keeps a record.
A majority state that they are able to say ‘No’ when they are pressed for
time.
Majority of respondents rarely delegate their respondents to others.
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Majority of the employees organize their desks and work area to prevent
clutter and confusion.
Most of the employees find it easy to eliminate priority items and given
more time to priority items.
Most of the respondents try to do things in a way that cuts down on
duplicated efforts.
Most of the employees find it efficient to do everything themselves.
Majority of the respondents try to shift priorities as soon as they change.
Most of the employees agree that their meetings and activities are well
organized and efficient.
SUGGESTION
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Develop an effective reminder system. No one can remember every
thing without a reminder; follow-up material and attention to small
details suffer.
Being in control is as important in time management as in stress
management. Avoid unnecessary calls and unorganized meeting or
discussions.
Plan schedules in an organized manner by using a calendar or
appointment book. These tools are organized in a way that makes
scheduling and planning easy, effective and manageable.
Leave some of your schedule open. Never fill up your schedule
completely, by leaving yourself available time for emergency meetings
or unexpected jobs, you will be less anxious about your ability to
schedule ‘just one more thing’.
Develop and keep deadlines. Don’t put off projects. Procrastination just
makes deadlines harder to meet. Know when your deadlines are and
keep them.
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BIBILIOGRAPHY
Book Reference :-
management
1987
edition
Websites -
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www.bigbazaar.com
www.hrcapital.com
google.com
QUESTIONNAIRE
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ANNEXURE
Yes
No
3) Do you know you can help the organization to achieve its aims.
Yes
63
No
Always
Usually
Sometimes
Rarely
Frequently
Always
Rarely
Sometimes
Always
Usually
Sometimes
Rarely
Yes
No
8) Are you able to relax in your free time without worrying about
your work?
Yes
No
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9) Do you schedule time for your physical exercise?
Yes
No
Sometime
Always
Usually
Sometimes
Rarely
11) Do you think that the incentives and other benefits will
influence your performance?
Influence
Does not influence
No opinion
Yes
No
13) Do you keep the work space, tidy, so that work can be done
efficiently?
Frequently
Always
Sometimes
Rarely
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Always
Usually
Sometimes
Rarely
66