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“A Study on RAJ TELEVISION NETWORK LIMITED”
CHENNAI Submitted in partial fulfillment of the requirements For the award of

MASTER OF BUSINESS ADMINISTRATION BY K.PRABHAKARAN (121512101064)

DEPARTMENT OF MANAGEMENT STUDIES Dr. M.G.R EDUCATIONAL AND RESEARCH INSTITUTE UNIVERSITY (Declared U/S 3 of UGC Act 1956)

Accredited with B+ by NAAC | AICTE Approved - NBA Accredited

Bonafide certificate

We certify that the project entitled “ A General Study of RAJ TELEVISION NETWORK LIMITED” submitted for the degree of Master of Business Administration by K.PRABHAKARAN [121512101064] is the Bonafide record of Project work carried out by him during the period from 17-06-2013 to 16-07-2013 under the guidance and supervision of Mrs. J.SRIDEVI and that this work has not formed the basis for the award of any Degree, diploma, associateship, fellowship or other titles in this University or other similar institution of higher learning.

Guide

Head of Dept.

DECLARATION
I declare that the Project Report entitles “A Study of RAJ TELEVISION NETWORK LIMITED” submitted by me for the degree of Master of Business Administration is the record of work carried out by me during the period from 17-062013 to 16-07-2013 under the guidance of Mrs. J.SRIDEVI and has not formed the basis for the award of any degree, diploma, associateship, fellowship, titles in this or any other University or other similar institution of higher learning.

Student: Date:

Signature of the GUIDE

ACKNOWLEDGEMENT

At the outset I would like to place on record our sincere sense of regard and gratitude to our founder chancellor of the university Mr. A.C.Shanmugam, President of the university, ER. A.C.S.Arunkumar and our Vice Chancellor of the University Dr. Meer Mustafa hussain for giving me the valuable opportunity to do my project. I wish to express my sincere gratitude to Prof. Dr. Ramalingam, HOD, Department of Management Studies DR. MGR EDUCATIONAL AND RESEARCH INSTITUTE UNIVERSITY, Maduravyul, Chennai for providing me an opportunity to do my summer project work on a study on” A general study of RAJ TELEVISION NETWORK LIMITED”. This project bears an imprint of many peoples. I sincerely thank to my project guide Mrs. J.SRIDEVI Department of Management Studies, for the guidance and encouragement in carrying out this project work successfully. I also wish to express my gratitude to the officials and other staff members of RAJ TELEVISION NETWORK LIMITED, Who rendered their help during the period of my project work. I wish to avail myself of this opportunity, express a sense of gratitude and love to my friends and family for their support, strength, help, and for everything.

PRABHAKARAN.K

CONTENTS

CHAPTERNO

PARTICULARS

PAGE NO

1

INTRODUCTION

1

2

COMPANY PROFILE

3

HUMAN RESOURCE

4

FINANCE

5

MARKETING

6

SYSTEM MANAGEMENT

7

GENERAL

8

CONCLUSION

CHAPTER 1 INTRODUCTION
MBA program is an application-based educational course. Therefore, it is not enough to learn the theoretical aspects, it is equally important to get acquainted with the functioning and norms of the corporate world. Summer internship program provides the necessary exposure to the business and different industries within it to the management students. This program is usually held during the vacations after the completion of second semester. Students have to work for around one month in a company and learn practical aspects of the subject, which help to learn organization function. We all know that the best way to remember anything is to experience it. The strategies in the report might sound very impressive, but a student‟s real knowledge is put to test when he can apply what he has learnt during two semesters. A student may have fully understood the concepts of marketing, sales, HR, finances, etc.... but it is worthless, if they remain on papers. Preparing brilliant plans and strategies on paper is of no use, if the students do not have the knowledge to apply these concepts in the actual business environment. The students, while working in a company during the summer internship program as part of their MBA course learns to apply the strategies and their knowledge in the actual situations where their single mistake can affect their final result of MBA. While working during the summer internship program, the students can build a network of friends and references that might turn up as an asset for them when they have to pursue full-time jobs after completion of their MBA program. SIP can become an opportunity to prove themselves to their prospective employers. The companies might hire these management aspirants based on the performance in the SIP. Besides, this the students get a chance to work with seasoned professionals who possesses valuable experience, which can help them to hone their own skills and intelligent.

For most students, summer vacation is a time to take rest and relax. However, for students pursuing MBA course, it is the time to hone their skills and intelligence that shapes their future career, with summer internship programs that make them aware of the actual business scenario. Summer projects in one way or the other helps us to gain confidence and prepares for corporate world that is eagerly waiting for smart and energetic intelligent professionals. It is an opportunity to understand the various functions in an organization at broader level, understanding and experiencing what to expect after joining the corporate world. I was rather luck to get a chance to do my summer with RAJ TELEVISION NETWORK LIMITED. This as great learning experience for me I have done my level best to make this project report as flow less as possible.

CHAPTER 2 COMPANY PROFILE
Raj Television Network was started in 1994 to provide wholesome entertainment for the entire family. With programmers targeted at young and old, male and female alike, the Network has positioned itself as The People's Channel. Through its five channels - Raj TV, Raj Digital Plus, Raj News 24x7, Raj Music, Vissa the network presents its viewers a smorgasbord of some of the best shows in South Indian entertainment today. Due to its close interaction with the local market, the Network has come to understand not just the South Indian entertainment industry, but also the needs of the South Indian audience, their culture and aesthetic sense. This understanding when combined with a strong commitment to content development has resulted in a combination of programmers appealing not just to South Indian viewers in urban and rural India but also to those outside India.

BRIEF HISTORY OF THE COMPANY Raj Television Network Limited (RTNL) was incorporated on 3rd June 1994 as a public limited company with the objective of carrying entertainment business. Our Company was promoted by Mr. Raajhendhran, Mr. M. Rajaratnam, Mr. M. Raveendran and Mr. M. Regunathan. The registered office of our Company is situated at 32 Poes Road, 2nd Street, Teynampet Chennai, Tamilnadu. Raj Group consisting of all the four brothers commenced operations in 1983, primarily as a videocassette lending library, under the name of Raj Video Vision. The group started acquiring rights for Tamil feature films from various producers from 1984 onwards. During this period, the group also started acquiring the television, cable, overseas and other rights associated with the movies.

In 1987, Raj Group ventured into the media and entertainment business with the setting up of an integrated studio viz. The facilities in the studio were used by independent movie and serial producers. Raj Group also commenced the production and export of tele-serials, movies and other programmers using the studio and exported

35mm movies and tele-serials to various countries including Malaysia, Singapore, UK, and U.A.E. This helped the group to building up a brand image with the various overseas parties.

GROWTH AND DEVELOPMENT: • Strategic Planning - Contributed to turning around the organization by driving change, innovative approach and strategy at Raj Television Network Ltd. Operating profit in Q4 for the year 2010-11 after four years. Company is turned profitable in the year 2011-12, increasing share holder value significantly. • Business Development & Revenue Leadership - Consistent growth in the viewership of “Raj TV” the flagship channel from the group, from average of 50 GRP‟s per week to 90 GRP‟s per week and growing. Raj TV Network Ad Sales revenue doubled in FY 2011-12 over previous year. • Entrepreneur Skill - Set up complete “TV Channel” infrastructure at Bangalore from scratch and successfully re-launched “Raj Music Karnataka” a music channel in Karnataka, making it operationally profitable with in the year of operation. • New Business Start Up - “Cell cast Interactive” - Strategized and executed the growth plan, achieving over 400% growth in top line in the year 2012-13 over previous year, making the organization profitable after 5 years of operations .DIVERSIFICATION; Raj TV's viewership grew, the Channel built up significant capabilities in the Content development area. The Channel grew from strength to strength, and today is positioned as the People's Channel. Our company launch 24 hours Tamil movie channel viz. Raj Digital Plus on 14 March 1998 as an Analog channel, which was subsequently converted into a digital channel in 1999. Raj TV, the flagship channel of the Company, was also subsequently converted into a digital channel in September 2000.

Currently we have about 13 production controllers on our rolls, and we Develops a sizeable part of our content software library comprising of serials, shows and other programmers which have been developed in-house by the Channel. RTNL, today, is an established Television Company in the Tamil broadcasting industry in South India. The Company's two 24-hour channels, Raj TV and Raj Digital plus (RDP), cater primarily to the entertainment requirements of the Tamil population in the area covered by the footprints of the channels. The broadcast of these two channels can be received in the whole of India, as well as parts of South East Asia, and the Middle East.

CHAPTER-3

HUMAN RELATIONS
Human Resources Management section performs the procurement of human resources. The firm is having a total number of 450 employees (permanent staffs) and the HRM section works for the welfare for the employees by giving them what is necessary like leaves, bonus, house rent, allowance etc. the section has an assistant manager HRM, to carry out all process here with the help of a superintend HRM.

HR practices;
Planning and Appraisal: How an organization sets goals, plans performance, provides ongoing coaching, and evaluates performance of employees (individuals and/or teams). Individual and Team Development: How an organization identifies the needs for employee skill development, education, and growth and how they meet those needs. Career Planning: How an organization strives to help employees to learn their strengths and to match these strengths, aptitudes, preferences, and abilities to future work. Hiring: How an organization defines and fills positions and roles with qualified people from within and/or outside the organization; how an organization orients these new employees. Career Path: How an organization (for key positions and roles) determines the logical progression of jobs, roles, assignments, and development to provide a sufficient pool of qualified candidates and incumbents. Succession Planning: How an organization systematically identifies key roles and positions determines performance requirements and targets a group of people to fill these positions and roles in the future.

Job Design: How an organization determines the best methods for accomplishing a work product or result. The two major types are the individual job and the team. Classification: The systematic process for evaluating the size and appropriate salary ranges for different jobs and roles in an organization. Compensation/Recognition/Other Rewards: How an organization pays and rewards employees (individuals and/or teams), through salary, bonuses, benefits and/or nonfinancial reward.

Selection methodology

APPLICATION VERIFICATION

INTERVIEW

SKILL EVALUVATION

SKILL PROFIL

DECISION

    

Procurement - recruitment, selection, induction and orientation. Development – training and development ( in house and outhouse training ) Compensation – wage & salary administration, attendance, timekeeping, leave, ESI, Medical Reimbursement. Integration – union management, negotiation, industrial relation. Maintenance – safety, health, maintenance of plants and machinery.

PROMOTIONS As per the promotion policy at the raj television network limited an employer will be eligible for promotion in a particular post for at least 3 yrs. But even of a person has completed his 3 yrs promotion can be given only when vacancy occurs. BONUS 10% bonus is given to all i.e., workers and officers also a lump sum amt is given to those to whom bonus is not given. But for them a term namely production incentive in lieu of Rs 1000 is given annually. Recruitment functions in RAJ TELEVISION NETWORK LIMITED    LEAVE The corporation provides leaves to the employees. The leaves are many different types. Some are, Casual leave This leave is available to all the permanent employee of the firm. Under this category an employee can enjoy a 12 day leave in each year. These leave days are treated as the normal duty days and therefore no deduction of payment will be there. And as the same time they can enjoy the allowance for those days. Special leave As the name suggest this type leave are special, and only allow such leaves under certain conditions and this will be granted by the higher officials. AN employee can get such leave when there exist an infectious disease in the house. Through employment exchange – worker man (mechanic, painter, and sweeper.) Staff – PSC ( Asst. Engineer ) ( permanent ) Board of directors – Engineers and above.

Maternity leave The corporation supports the married female employees by allowing maternity leaves to them. This leaves are applicable for only 90 days. And when they are on leave they can draw their salary as usual. FACILITIES PROVIDED TO THE EMPLOYEES:         

Reimbursement of educational expenses. Incentives for excellence in education. Death relief scheme. Scheme for reimbursement of hospitalization expenses. Reimbursement of expenses incurred by executives towards mediclaim. Financial assistance to employees who are on loss of pay on account of hospitalization. Incentive for promotion of small family norms. Reimbursement of expenses incurred towards purchase of hearing aid. Presenting mementos to retiring employees on superannuation.

CHAPTER 4 FINANCE
The accounting section plays an important role in the organization. This section controls the cash flows, both inflow and outflow. The accounting section provides the funds for various departments, according to the budget prepared. In Raj television network limited, the account section comprises of Assistant Manager and a clerk. The Assistants Manager of Accounts performs the costing and budget control of the firm and also performs other financial dealings. The account section conducts action for scraps. This is a source of income to the firm. The account section conducts action periodically, with the help of outsiders. They first inform all the people, who are really interested to participate in the action by various means.      Finance Dept. ensures that the entire assets of the company are utilized to the most efficient member and they are secured against all possible risks. Make appropriate insurance and other statutory obligations to safe guard the assets of the company. Funds required for all units are arranged by finance dept. based on Budget sanctions and to the requirement of units. Financial dept audit the accounts of the units and conform the compliance to the accounting manual and system procedure. Sales tone, income tone RDS certificates/C- form – 18 etc, is issued and properly accounted and timely settlements are ache. Salary and other payments recoveries and their remittance etc, in the case of employees are in time.  Internal Audit Report is prepaid quarterly.

Capital structure The capital structure of Raj Television network Ltd. Presents the authorized capital, issued capital and paid-equity capital of the company over the period. Period Instrument Authorized Capital From To (mn) Issued Capital (mn) Shares

2012 2011 2010 2009 2008 2007 2006

2013 2012 2011 2010 2009 2008 2007

equity shares equity shares equity shares equity shares equity shares equity shares equity shares

150 150 150 150 150 150 150

130 130 130 130 130 130 130

12978336 12978336 12978336 12978336 12978336 12978336 12978336

Share Capital: The Company has not issued any shares or any other security including DR/GDR/FCCB/Warrants/Bonds during the year. Business Outlook: The main objective of the Company‟s business plan is to reach each and every household across the World. The digital drive led by the exponential growth of DTH has been an outstanding feature over the last few years making it possible for C&S to reach80% of TV households in India. With the focus shifting towards addressable infrastructure there will be a speeding up of digitization in India going forward. So, the Company is reaching out various multiple distribution platforms like, DTH, digital cable,

IPTV, CAS, mobile TV etc to increase its overall reach which will result in adding more as subscription revenue. The Company‟s Channels are now available in all the major DTH platforms in India. The Company has re-launched a 24 X 7 music Channel “RAJ MUSIC KARANATAKA” in Kannada language in financial year2010-11 to make its presence in Kannada entertainment media. The channel would be primarily regional with mixed flavor of Kannada film music and classical or Kannada pop music added by western style which will be of its first kind in Kannada market. The Company is also in the line of launching few more channels in Kannada Language. We are also focusing on building scale across the media value chain and exploring cross-media synergies. WORKING CAPITAL MANAGEMENT:  Working Capital is basically the investment in current assets like raw materials, stores, semi-finished goods, finished goods, sundry debtors etc. 

It represents the money that is required for purchase / stocking of raw materials, payment of salary, wages, power charges etc. and also for financing the interval between the supply of goods and the receipt of payment thereafter.



Working Capital Management is extended in different forms basing on the requirement in the form of Inventory Limits (Pre-Sales), Finance against Receivables (Post-Sales), Non-Fund based limits and Short Term Lending products.



Working capital requirements of a unit would be assessed by adopting various methods like Turnover Method, Maximum Permissible Bank Finance (MPBF) System, Cash Budget System and Net Owned Funds System, depending on the type of activity.



The securities for working capital facilities would be as per general lending norms of the bank and also depends on the risk perception of the individual account.



Rate of interest on working capital finance depends on quantum of loan, nature of activity, purpose of loan, risk rating, financials etc.

Financial Results: The Financial Performance of your Company for the year ended March 31, 2013 is summarized below: Particulars For the year ended (mn) 2013 Net sales Raw material cost Employee cost Other expenses EBIT Interest and financial charge Other income Tax PAT No of equity shares EPS (Rs) 174.4 33.6 109.6 22.6 15.1 1.1 3.1 5.3 1.3 4.08 2012 174.6 30.7 93.4 40.9 9.6 1.9 0.9 32.4 1.3 24.08

CHAPTER-5 MARKETING STRATEGY Market share
The market share is very important thing in a company. It reflects company‟s growth and development. Every company has unique market strategies to acquire the market share. While talking about Market share of this company is well constructed one. This company is about to Rs.4.2 million worth of market share in the field. MAJORPRODUCT TAMIL     TELUNGU    KANNADA  MALAYALAM   HINDI  RAJ PAAR RAJ MUSIC MALAYALAM RAJ NEWS MALAYALAM RAJ MUSIC KANNADA VISSA RAJ MUSIC TELUNGU RAJ NEWS RAJ TV RAJ NEWS RAJ MAUSIC RAJ DIGITAL PLUS

PRINCIPLE COMPETITOR;  Zee entertainment  Sun TV network  Dish TV India  TV 18 broadcast  NDTV  Reliance media PROMOTIONAL ACTIVITIES The promotional activities are main part of marketing because it will attract the distributors to give their advertisement of the company. Each company provides the different type of offers. Raj television network limited, providing following promotion activities. INCOME SOURCE  Advertising  Pay channel  Prime time PAY CHANNEL Raj Television Network's channel offerings on Asia Sat 5 including Tamil entertainment channel Raj TV; Tamil movie channel Raj Digital Plus; Telugu entertainment channel Vissa; Hindi entertainment channel "Raj Pariwar"; music channels in South Indian languages Tamil, Kannada, Malayalam and Telugu; and news channels in Telugu, Tamil and Malayalam. The new partnership with Asia sat will further consolidate market leadership position in South India entertainment and enable us to grow the business regionally. Asia Sat 5 offers unprecedented access to all major cable head ends and DTH platforms in India and numerous pay TV operators across the region, it is the right

choice for us to expand our audience base in southern India and nationally as well as in international market.

SWOT ANALISYS;
Strength; 1. Raj TV Network ensures that the programming mix appeals to people of all ages, of all backgrounds making it truly a People's Channel 2. Raj TV Network delivers the channels in multilingual Indian languages 3. Has close interaction with the local market 4. Strong commitment to content development 5. Network has built up a library of some of the best in Tamil And Telegu films Weakness 1. Market share is lesser as compared to big international and national industry players 2. High level of expenditure involved in creation/acquisition of content and development of artistes 3. Involves too much capital expenditure Opportunity 1. Additional subscription revenue from pay channel segment 2. New distribution platforms like DTH and IPTV will only increase the subscriber base and push up subscription revenues 3. Massive international presence of Indian film industry 4. Indian Radio and Animation industry is emerging fast 5. Use internet as a medium 6. Indian Entertainment & Media (E&M) industry has out-performed the Indian economy and is one of the fastest growing sectors

Threats 1. Inflated costs of TV Programs during prime time 2. Reduction in TV viewers due to piracy 3. Intense rivalry amongst competitors 4. Publication industry is overcrowded 5. High Entertainment tax also affects the revenue to some extent

STP
Segment TV viewers of music and dance, entertainment and information, film and fantasy in South Asia. Target Group Programs appealing not just to South Indian viewers in urban and rural India but also to those outside India Position Provides leading and competitive channel in India with high quality programming in multilingual Indian languages

CHAPTER-6 SYSTEM MANAGEMENT
Starting October 1, 2000 Raj Network will be available only in digital frequency. Tune in today, and enjoy the complete digital experience. Rajtv, Raj Digital Plus, Vissa are available in Pay channel and Raj news 24x7, Raj Music, Raj Music Canada, Raj Pariwar, Raj Music Malayalam, Raj Music Telugu, Raj News Malayalam are free to air Technical information for receiving raj TV group of channels Satellite Brand Transponder number Downlink beam Orbital location Video decoder -ASISASAT-5 -standard C- brand -C 1 H -wide beam -100.5 degrees east -standard digital

l

INTERNATIONAL VIEWERS 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 INDIA CHINA PAKISTHAN AFKANISTHAN IRAN UNITED STATES OF EMIRATES TURKEY GERMAN FRANCE SWEEDEN FINLAND RUSSIA KAZHAKISTHAN MONGOLIA KOREA - NORHT, SOUTH JAPAN THAILAND PHILLIPINES TAIWAN SRILANKA SINGAPORE MALASIYA INDONESIA TAZMANIA AUSTRALIA FUJI NEW ZEALAND

     

Raj tv is the first in India to provide Mpeg-4 services. Highly Digital Quality through Mpeg-4 services. Mpeg-2 Set Top Boxes available for Raj and Raj Digital Plus. To receive our pay channels need to buy the setup box Tuning and Installation is user friendly. Setting is through remote control.

AUTOMATION

Even though the days of unconstrained budgets for newsrooms are long gone, adoption of new workflows and technological advancements are driving the market. Newsroom systems are one of the major driving forces in the implementation of new technology. The key to survival is automating processes, lowering staff count, smartening efficiencies and doing more with less. The power of graphic applications, extending capabilities of video servers and switching from standard definition (HD) material to high definition (HD) material allows the channels to better brand themselves and deliver a faster, more comprehensive news report.


Technology advances, making newsroom systems immeasurably more powerful than they were before;



The evolution of working practices, broadening the scope of what individuals in the newsroom are able (and willing) to do; and



Changes in broadcast business drivers, resulting in hugely expanded output both on a station-by-station basis (length and numbers of bulletins) and in terms of the range of channels and delivery methods that must be served.

CMS Broadcast is a part of CMS Computers Ltd. They provide turnkey solutions for TV channels. They represent some of the biggest OEMs from the broadcast industry like Sony, Apple, Building for Media, Octopus, Harris, among others and is also the authorized service partner for them. They offer AMC and facility management services to satellite channel, production houses, educational institutes, government departments and similar other clients.

Delta Display walls are designed for real and expanding requirements for large scale visualization systems that present extreme resolutions and provide a customizable multimedia system in a multiple monitor format. These are ideally suited for mission critical control and command rooms, data visualization and high entertainment environments. Its state of the art design delivers the highest contrast, best image quality, operational reliability, serviceability and cost-of-ownership. Real Image is one of the India's major technology providers in the film, video and audio markets. The company through its partner Avid provides newsroom automation solutions to both national and regional news channels in India.
    

Easy transition between back-to-back newscasts. Proven to easily handle any breaking-news scenario. Float, drop, and add stories within seconds. Improves ROI. Enables increased programming opportunities and revenue stream via single workflow.

 

Provides direct link between run-down and on-air programming. Cost effective solution for new, live multicast channels, and multi distribution opportunities.



Event-driven technology allowing one person to direct the entire production.

GENERAL INFORMATION
Industry Overview:

The Media and Entertainment is one of the fastest growing sectors in India. While most sectors witnessed double-digit growth, the film industry witnessed a decline in revenues owing to content that failed to make a strong run at the box office. Television and print resumed their pace of growth as did radio and out of home. Meanwhile, with the growing popularity of digital platforms, content creators looked to build strong foundations to prepare themselves for the exciting road ahead.

The Indian M&E industry grew from INR587 billion in 2009 to INR 652 billion in 2010, registering an overall growth of 11 percent. Backed by positive industry sentiment and growing media consumption, the industry is estimated to achieve growth of 13 percent in 2011 to touch INR 738 billion. The type of expansion being witnessed in digital media is expected to continue at an increased rate. Television, radio, CAS, and DTH have already made their presence felt. IPTV and mobile TV are still in the nascent stage and are yet to make a major mark on the broadcast area.

The broadcast segment is on a high growth path. New channels, new content, and new formats proliferate. In the last few years, a lot of development is happening in the broadcast segments The advertising spends across all media accounted for INR266 billion in 2010, contributing to 41 percent of the overall M&E industry revenues. Advertising revenues witnessed a growth of 17percent in 2010 against a marginal decline of 0.4 percent observed in 2009. Print continued to be the largest contributor, accounting for INR 126 billion and 47 percent of the advertising pie. Advertising spends are expected to grow at a CAGR of 15 percent to reach541 billion in 2015.

Future Projects: The Company is continuously making efforts to entertain the viewers with good programs and quality contents. The Company always experiments on the viewer‟s demand and choice and designs its contents and programs in the viewer‟s perspective. The Company proposes to start new movie channels in various languages starting with Kannada Language. With so much competition from media industry, viewers are slowly getting used to “Appointment Viewing”. As part of future projection and strategy, to capitalize on this changed viewership strategy, the Company will cater to the audience of all sectors in terms of content in future. This will give the Company a place in the minds of people leading to numbers in „TAM‟ ratings and increase fund flow from the operations. a) The Company has maintained proper records showing full particulars, including quantitative details and situation of its fixed assets. b) As explained to us, all the assets have been physically verified by the management at a reasonable interval during the year. c) According to the information and explanation given to us, no material discrepancies were noticed on such verification. Substantial part of fixed assets has not been disposed of during the year, which will affect its status as going concern. d) As the Company‟s business is that of satellite transmission and the Company does not carry on any manufacturing Activity, the reporting on verification of inventory by the management does not arise. However, film rights purchased and not telecasted during the year are maintained as inventory. e) The Company has not granted a loan, to companies, firms or other parities covered in the Register maintained under section 301 of the Companies Act, 1956. f) As informed to us, the Company has not taken any loans, secured or unsecured from Companies, firms or other parties listed in the register maintained under section 301 of the Companies Act, 1956.

g) In our opinion and according to the information and explanations given to us, there are adequate internal control systems commensurate with the size of the Company and the nature of its business, for purchase of Inventory, Fixed Assets and for the sale of goods. In our opinion, there is no continuing failure to correct major weakness in internal control systems. h) In our opinion, the particulars of contracts and arrangements referred to in Section 301 of the Act have been entered in the register required to be maintained under that section; and

CONCLUSION
Management is about getting things done. Leadership is about achieving goals by creating a direction for a business and inspiring employees to take initiative and make the right decisions.

Enterprise managers need the skills to motivate, lead and influence others. Enterprise aims to employ people who can take on a leadership role and help to grow the business for the longer term. Its management and training programmes help to provide employees with the skills necessary to lead others.

This case study illustrates that within a business, there are leaders at different levels within the hierarchy. Depending upon the circumstances, leaders will use different leadership styles.

By developing leaders who are able to make decisions at a local level, Enterprise can respond more closely to customer needs within a competitive industry. Its high levels of customer service provide it with competitive advantage over its rivals.

At the end of my project work, the networks are attempting to new technologies that will draw the attention of the viewer‟s towards Raj TV. As the television industry continues to change in terms of content, delivery method, and preferred devices, investing ahead of these trends will require vigilance. The technologies involved are largely new and subject to rapid change. With that in mind, each of the four companies I've mentioned here is well positioned to perform and, I believe, represent a best-inclass choice.

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