Prepare Report On Management Require Of To Large Or MNC Scale Industry

Chapter 1 – INTRODUCTION TO PROJECT

1.1 ABSTRACT
MNC scale industry are the industry that need management at very large level this
type of industry are need lot of work at multiple level this is challenge for the
management team .For manage lot of people is need with lot of Qualification

1.2 RATIONALE
IN This micro project we going to study the various details of large and multi national
company and its working The large and multi national company are required with the
planning, promotion, organization and implementation of company for the
development of product and other industries working process .In the company areas
the coordination with other agencies engaged with many department for
development that is necessary

1.3 COURSE OUTCOMES ADDRESSED

1. Use basic management principle and planning to execute daily activities
2. Use principle of planning and organizing for accomplishment of task
3. Understand various provision of industrial acts

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 Prepare Report On Management Require Of To Large Or MNC Scale Industry

Chapter 2 – LITERATURE REVIEW

A business can range from a single proprietor enterprise to a large corporation

that employs thousands of workers across multiple countries. Based on the scale of
business, organizations are classified as micro-enterprises, small-scale enterprises,
large-scale industries, public enterprises, and multinational corporations.
Industries that require huge infrastructure and manpower with an influx of capital
assets are Large Scale Industries. In India, large-scale industries are the ones with a
fixed asset of more than one hundred million rupees or Rs. 10 crores.
The Indian economy relies heavily on such industries for economic growth, the
generation of foreign currency, and the creation of job opportunities for millions of
Indians.
LARGE-SCALE INDUSTRY, 1850–1950 The term “large-scale industry” refers to factories
that combine at least three characteristics: use of machinery, employment of wage
labor, and the application of regulatory measures such as the Factory Act or Disputes
Act. These features were of recent origin in nineteenth-century India and, to a large
extent, products of British colonial rule. In employment statistics, the units registered
as “factories” under the Factory Act can be considered a large-scale industry. In reality,
the registered factories included a fair number of units that did not employ machinery,
but with few exceptions, registered factories did possess the other two features.

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Chapter 3 – PROJECT DETAILS

Large Scale Industries in India

The term ‘large-scale’ is generic in nature and includes different types of industries. In
India, the following heavy industries fall under the purview of large-scale industries:

• Iron and Steel Industry

• Textile Industry
• Automobile Manufacturing Industry
• Over the last two decades, Information and Technology (IT) industry has evolved
and has contributed huge revenues while creating thousands of jobs for Indians.
Hence, many economists include it in the large-scale industry sector.
• Telecom Industry

It is important to note that these industries are either manufacturing units or those
which use both indigenous and imported technologies. Here are some more examples:
Fertilizer, Cement, Natural gas, Coal, Metal extraction, Metal processing, Petroleum,
Mining, Electrical, Petrochemical, Food processing units, Tourism, Banking, Sugar,
Construction, Automobile, Communication equipment, Cement, Chemicals,
Earthmovers, Consumer durables (like television, refrigerators, etc.), Engineering
products, Vehicle assembly, Beverages, Agricultural processing, Insurance, and
Finance.
In recent years, as the markets opened up due to globalization, there has been a mixed
effect on large-scale industries. Some have managed to attract international
customers, foreign trade and technology, tie-ups. However, others were unable to
cope with the competitiveness ushered in by the open market.
Production management involves the planning, organization, direction, and execution
of production activities. The ultimate goal of any production management solution is
to convert a collection of raw materials into a finished product. Some people refer to
production management as the bringing together of the 6 ‘Ms.’:

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• Men
• Money
• Machines
• Materials
• Methods
• Markets

These constituents come together to provide consumers and businesses with products
that they need or want.
The production management principles are often referred to as operation
management principles, and they are designed to facilitate the production of goods
that are of the required quality and quantity.
An efficient production management solution will also deliver products at the time
they are required by the market at the lowest achievable cost. Any successful
production management solution requires the optimum utilization of production
capacity to reduce costs to a minium

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Chapter 4
ADVANTAGES, DISADVANTAGES & APPLICATIONS

4.1 ADVANTAGES
1. Internal Economies:
Internal economies arise within the firm because of the expansion of the size of a
particular firm.

2. External Economies:
External economies arise with the expansion of the industry. These are generally the
result of large-scale production and are associated with the advantages of
localization.

3. Use of machines:
Large-scale production always makes use of machines. So, all the advantages of the
use of machinery are available.

4. More Production:
The large scale industries can produce more goods. For instance, a big sugar factory
can use molasses to make spirits and thus reduce the cost of sugar production.

5. Economies of Organization:
With an increase in the size of the firm, the cost of management is reduced.

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 Prepare Report On Management Require Of To Large Or MNC Scale Industry

6. Cheap and Easy Loans:

A large business can secure credit facilities at cheaper rates because these firms
enjoy credit and reputation in the market due to their fixed assets. Banks and other
financial institutions willingly advance loans to these enterprises at a very low rate of
interest.

7. Ancillary Industries:
With the development of large-scale production, there arise many small industries
which use their by-products or supply inputs to it. Suppose, when the production of
steel is increased, many other auxiliary industries develop. The development of
auxiliary industries contributes to the industrialization of the area and the industry
itself.

8. Standard Goods:
The production of standardized goods is possible on account of large-scale
production. Only a big motor company can produce standardized motor parts.
Besides, it is possible to sell and transport these goods to distant places only by big
business houses.

9. Research:
Large-scale production is conducive for the development of technology also. With a
larger amount of capital and financial resources, large-scale firms can afford to spend
more on research and experiments which ultimately lead to the discovery of new
machines and cheaper techniques of production.

10. Economy of Buying and Selling:

A large concern usually buys things in large quantities and therefore, at low rates. It
also sells things in large quantities and can secure better terms.

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11. Economies of Indivisibility:

Many factors of production are not perfectly divisible. For instance, assume that one
machine can produce 100 units of a commodity, but we are producing only 50 units
by that machine. The machine is indivisible. If the scale of production is increased
and we start producing 100 units, the unit cost will be reduced. This is the economy
of the indivisible machines.

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4.2 DISADVANTAGES

1. Evils of Factory System:

The large-scale production is accompanied by all the evils of the factory system like
over-crowding, density, pollution, bad morals, etc. Dirty habits of drinking and
gambling spread very easily.

2. Danger of Over-Production:
The large-scale organization results in over-production at times, so demand cannot
be properly estimated. At last, prices fall, and depression sets in.

3. Less Supervision:
A large-scale producer cannot pay full attention to every detail in various
departments. Costs often rise on account of the dishonesty of workers. Thus, due to
inefficient and inadequate supervision, the cost of production goes up.

4. Monopoly:
The large-scale production results in the localization of industries. As a result, the
bigger fish swallows the smaller ones, and cut-throat competition and monopolies
result.

5. Class Struggle:
The large-scale production gives rise to class struggle, the struggle between the
laborers and the capitalists. Their interests cannot go together, as they are very
different from each other. As a result, there is a struggle between the two groups.

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6. Dependence on Foreign Markets:

A large producer has generally to depend on foreign markets. The foreign markets
may be cut off by wars, etc. This makes the business risky.

7. Possibility of War:
Large-scale production increases the possibilities of wars. Big producers make
attempts to sell their goods in foreign markets and try to capture them by fair and
foul means, thereby exposing the world to wars and struggles.

8. Lack of Adaptability:
As huge capital is invested in large-scale production, it is very difficult to bring about
a change in the scale of production according to the circumstances .

9. Individual Tastes Ignored:

Individual tastes and interests stand completely ignored in large-scale production.
Goods of uniform quality are turned out irrespective of the requirements of the
individual customers. Individual tastes are not, therefore, satisfied. This results in the
loss of customers to other competitors.

10. Unequal Distribution of Wealth:

All wealth and incomes of the country get concentrated in the pockets of big
producers due to large-scale production. There is the unequal distribution of wealth
and resources on account of large-scale production. The rich become richer and the
poor become poorer.

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4.3 APPLICATIONS
1. Form common community service facilities to process raw materials into semi-
finished goods.
2. Promote and facilitate the sale and distribution of Industry products inclusive
of profitability.
3. Promote research to improve upon the production techniques and equipment
to benefit the mvc industry sector at large.
4. Provide financial assistance and technical know-how to individuals and
institutions to develop mvc and large-scale Industry

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Chapter 5
CONCLUSIONS, FUTURE SCOPE & REFERENCES

5.1 CONCLUSION
Industrial organization is a field of economics dealing with the strategic behavior of
firms, regulatory policy, antitrust policy, and market competition. Industrial
organization applies the economic theory of price to industries. Economists and other
academics who study industrial organizations seek to increase understanding of the
methods by which industries operate, improve industries’ contributions to economic
welfare, and improve government policy about these industries. The “industrial” in an
industrial organization refers to any large-scale business activity, such as tourism or
agriculture — not just manufacturing. Industrial organization is also sometimes
referred to as “industrial economy.”

5.2 AREA OF FUTURE IMPROVEMENT

1. Modern Industries
2. Development of multiple unicorn company’s
3. Development of large-scale industry in India

5.3 REFERENCES
[1] www.wikipedia.com
[2] www.edureka.com
[3] www.geeksforgeeks.com
[4] etc

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 Prepare Report On Management Require Of To Large Or MNC Scale Industry

WEEKLY WORK / PROGRESS REPORT

Details of 16 Engagement Hours of the Student

Regarding Completion of the Project
Timing Sign
Week
Date Duration Work/Activity Performed of
No. From To
in Hours Guide
03:00: 05:00: Discussion and Finalization of The
1. 17-2-2021 01
00 00 Project
03:00: 05:00: Preparation and Submission of
2. 24-2-2021 02
00 00 Abstracts
03:00: 05:00:
3. 1-3-2021 02 Literature Review
00 00
03:00: 05:00:
4. 8-3-2021 02 Collection of Data
00 00
03:00: 05:00:
5. 15-3-2021 02 Collection of Data
00 00
03:00: 05:00:
6. 22-3-2021 01 Discussion and Outline of Content
00 00
03:00: 05:00: Rough Writing of The Project
7. 29-3-2021 02
00 00 Contents
03:00: 05:00: Editing and Proof Reading Of The
8. 11-4-2021 01
00 00 Contents
03:00: 05:00:
9. 25-4-2021 02 Final Completion of Project
00 00
03:00: 05:00: Seminar Presentation ,Viva-Vice ,
10. 3-5-2021 01
00 00 Assessment and Submission of Report

Ms. N. R. Bhamare

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