SIFE School of Management Studies Project Report

SIFE Competition 2006

Presented by

SIFE School of Management Studies

GGS Indraprastha University

Kashmere Gate, Delhi 110006

Introduction

“Education is the most powerful weapon which you can

use to change the world.” -Nelson Mandela

“Nobody can do everything, but everyone can do

something.”

“The true meaning of life is to plant trees, under whose

shade you do not expect to sit.” -Nelson Henderson

“Empowerment

through education for everyone and

let our fledgling effort grow into a

big movement.”

SIFE School of Management

Studies Core Team

Dr. Sanjeev Mittal,

Faculty Advisor

Jaspal Singh,

President

Ravi Dhanwariya,

Finance Head

Mrinal Agarwal,

Project Coordinator

Vidhi B. Ramesh,

Senior Member

Tina Gupta,

Content developer

Dr. Vijita S Agarwal,

Faculty Advisor

Team History

History of SIFE School of Management Studies team is very interesting…..Jaspal Singh was reading The ET as he always do on July, 2005 and read about that S.P. Jain won the national SIFE competition and his interest arose and immediately send mail to the SIFE Country head.

So we got reply from the SIFE India in August and fill all the form and send back to the office for further processing. On November 2005, we become official team of SIFE.

Thus on 17th June 2006, SIFE School of Management Studies team is making its first presentation and hope to continue to have strong relationship with SIFE in future with more vibrant energy.

Our Mission

In partnership with the community, government and the

private sector, and in conjunction with SIFE, SIFE School

of Management Studies Team will assist and facilitate in

the implementation of several developmental strategies to

bring about significant improvement in the lives of people

within a period of three years starting 2006.

Our Vision

“Empowerment & Upliftment of the poor and underprivileged women”

SIFE Projects 2006 SIFE SMS Team selected two projects for annual year 2006.

These projects are meant to modernize and adapt the

traditional skills so as to make them economically viable

source of income generation.

Suvidha – Export

Opportunities in

European Market

Rural Women

Employment &

Development Centre

Project Need In Delhi, the project was started in partnership with SIFE

Drenthe University Team for women in Nizammuddin

Basti. They are into manufacturing of embroidered

garments but are unable to find the target market for

sales of their products domestically as well as

internationally. They have no access to information

regarding the customer preference, quality measures,

color patterns and export procedures etc.

In Rohtak, most of the women in villages are

illiterate and have no income generation sources.

These women are eager to utilize their time

productively. A conducive environment and

awareness was absent.

Market Scouting

Product Development

“A brief visit to Nizammuddin

Basti”

Testimonials

“The two day workshop has really helped the women in terms of their

understanding of product, consumer preference, and different quality

parameters. Earlier we were producing the goods irrespective of the

trends but after the inputs provided, I feel it will help boosting our

sales.”

- Mohini Prakash, Head, Suvidha Division

“The efforts put in by students of SIFE SMS are commendable.

Their inputs regarding export financing, foreign exchange risk

management, export licensing, etc have given us the path and

direction to work upon.”

- Kamini, Head, The Hope Foundation

Criteria 1: Understanding of Market

Based Economic System

Objective Achieved

Measurement of Results

Rating by Suvidha & BAB Members 18

- Helping them to produce their products for higher-

end of market so as to have better price realization

- Gap in demand & supply were understood in

depth and practical solution sought

- Negotiation with foreign buyers

- Sample development & Innovation

Criteria 2: Education & Training

Objective Achieved



- Color Combination & Design patterns

- Quality parameter for export business

- Technical Standards (type of chemicals, color, and

dye prohibited in the European market)

- Adopting garments to European sizes

Criteria 3: Entrepreneurs Success Factor

/ Improvement of Current Business

Objective Achieved



- Investing of funds in Business Development

- Tips of product display & merchandising

- Meet the quality standards & time-deadlines

- Redesigning processes so as to reduce the time involved in

production

- Learning about the Economic Order Quantity (EOQ)

- Introduction of rudimentary JIT system

Criteria 4: Financial Management

Objective Achieved



- Forward Exchange Rate & Hedging Technique

- Funding support from different central & state

financial institution

- Export financing

- Various schemes available for women NGO

- Personal account keeping

- Formation of Self-help groups (SHG)

- Teaching merits of personal finances

Criteria 5: Ethical Business

Practices

Objective Achieved



- Conformity to the contract agreement

- Awareness about child labour

- Rights against sexual harassment

- Establishment of crèche

Criteria 6: Long-term sustainability

Objective Achieved



- Tie-up with SIFE Netherlands team for market

scouting for the products of this NGO

-Order of preparation of SMS T-Shirt

- Involve alumni & corporate for ordering of

promotional materials

- To keep abreast of market by investing in product

development

Future Plans for Suvidha

• Scouting & developing the target market for their

product mainly in Europe.

• To provide training to selected women in various

export houses

• Helping Suvidha Women to obtain Export License and

formulate export procedures.

• Help them in promotion of their products in various

trade fairs and colleges.

“A brief visit to Rohtak”

Testimonials

“ The earlier income generated through my small shop was not

enough for my family, but after this workshop, not only I have

become the leader of SHG but I am also earning Rs 4200/- a month

by selling household products in and around nearby villages”

- Sheila Devi, Small shop owner, Girward village

“ Rural women employment & development centre would certainly

help women to utilize their time and generate extra income . It will

improve their social status”

- Dilhbagh Singh, Panch, Sunaria village

Criteria 1: Understanding Market

Based Economic System

Objective Achieved

Sunaria Giraward

- Identifying the potential products

(e.g. Souvenir , Table linen….)

- Gap in demand & supply were

understood in depth and practical

solution sought

- Explore markets & marketing tie-up

with export house for contract work

- Focus on distribution channel

development and market development

rather that product development.


Since this project was so widespread, it was evaluated by various stakeholders

like LPS, Villages local body, & Our advisory board members. 17

Criteria 2: Education & Training

Objective Achieved

Sunaria Giraward

- Training by Shri B P Jain

vocational & Cultural Centre

- Visit to cottage industry sponsored

by HEART NGO

- Exposure to the global competitive

environment in export house (ORINA

IMPEX Noida)

- Benchmarking of quality standards

- Necessary communication skills &

product knowledge.

- Specific training by the company.


Since this project was so widespread, it was evaluated by various stakeholders like

LPS, Villages local body, & Our advisory board members. 19

Criteria 3: Entrepreneurs Success

Factor

Objective Achieved

Sunaria Giraward

- Leader emerging who are sharing

their expertise & getting into

contract work

- Scouting for opportunities in the

export job work.

- Investing of funds in Business

- Tips on display & merchandising

- Realization of income generating

opportunities in distribution system.

- Make or Buy decision.

- Developing a village women as the

resource person.

- Expanding their product basket to

include local products

- Teaching them the basic concept of

branding (uniform packaging)




Criteria 4: Financial Management

Objective Achieved

Sunaria Giraward

- Help them to establish SHG for

Micro Financing for job work

- Information about obtaining loan

from bank & different financial

institution

- Teaching them about basic

accounting practices

- Teaching them the merit of

investment

- Help them to establish for Micro

Financing for SHG procurement with

the help of Haryana Gramin Vikas

Bank

- There project has been submitted to

State Bank of India for sanctioning of

loan

- Teaching them about basic accounting

practices

- Teaching them the merit of investment




Criteria 5: Ethical Business

Practices

Objective Achieved

Sunaria Giraward

- Conformity to the contract

agreement



-Establishment of crèche

- Conformity to the contract

agreement



- Never to adulterate locally procured

goods




Criteria 6: Long-term sustainability

Objective Achieved

Sunaria Giraward

- Tie-up with export house to obtain job

work.

- Tie-up with local boutique for job work.

- LPS commitment to display the product

on consignment basis in their centre.

- Emerging entrepreneurs.

- Self-sustaining & focus on profitability

- Tie-up with HLL Shakti & other local

brands.

- Organize regular training programmes to

help women to sell high-value products.

- Emerging entrepreneurs in second tier .

(the women who are manufacturing local

products)




Criteria 6: Long-term Team

sustainability Objective Achieved

- SIFE SMS has a defined code of conduct for office bearers.

- Process transparency

- Proper Documentation

- Mentoring of Juniors

- All the records of expense statement are certified by CA.

- We have an active database of our contact persons in various fields and to

keep them actively involved, we invite them regularly in various forum.

- Faculty advisor appointed for the period of two years to maintain

continuity.

- Junior team members are involved in all the aspects of the project so that

they are well aware of the processes.

Planning for future

Employment

Financial

Support

Trade

Preparing for

vocational

education Vocational

Education

RWE&D

Centre Health Care

Day Care

Entrepreneurship

Development

Business Advisory Board

“All members of Advisory Board are providing help to us in every matter of the project – We are thankful to them for their cooperation”

Mr. Manoj Agarwal (IAS)

DOUD, Govt of Delhi Mr.Rajesh Jain

MD, LPS India Ltd

Mr. Vikas Singhai

VP, WNS Global Sol.

Mr. K K Goyal

Director, SISI

Mrs. Sandhya Jain

MD, BPJV&C Centre Mr. Rajat Jain

Director, Deneb Consultants

Mr. R K Gupta

Director, Indian Red Cross Society

Media Coverage

Viraat Vaibhav (50,000)

Hari Bhoomi (20,000)

Meri Delhi (47,500)

Sandhya Times (1,25,000)

Financial Statement

Income Amount

(Rs) Expenses

Amount

(Rs)

LPS India Ltd 130,000

Traveling Expenses

- experts traveling to villages

- training of Rohtak women in Delhi

export house

40,000

Contribution from students & Team

members 15,000

Rural women employment &

development Centre

- Infrastructure like fans, carpets etc

- Sewing machines

- Renovation of the centre

75,000

Contribution from faculty 8,000

Stationary & Telephone expenses

- Banners & pamphlets

- Workshop materials

35,000

Contribution from Synergy fund

(Student Body) 25,000

Other expenses

- Raw materials

- Payments to the experts

35,000

Contribution from Alumni 10,000 Carry forward to next year 3,000

Total Income 188,000 Total Expenses 188,000

Future goals for next year

Current Projects:

-An operational export division catering to international buyers for

Suvidha NGO.

- Rural women employment & development centre should be fully

operational in Sunaria & Girawad village.

- More number of centres in villages of Haryana and may be outside

Haryana.

- Also we would tie up with companies to outsource simple jobs like

packaging, printing etc to our RWE&D Centre.

Future goals for next year

New Projects:

- There is growth in the rural tourism sector in the coming years

which is also reflected by UNDP & Central grants whereby they

identify villages for rural tourism and offer grants to develop the

infrastructure. The next year project will concentrate on the rural

tourism and we will focus to develop a village in a Northern State as

destination for rural tourism.

- There is surplus milk production in these areas which is not

utilized for income generation. Our emphasis to begin with will be

production of value-added milk products like paneer, ghee, khoya

and distribute them in the nearby areas. Perhaps, in later years, help

them to setup milk processing unit.

Query Session

SIFE School of Management Studies Project Report

Education

Transcript of SIFE School of Management Studies Project Report