NORTH SOUTH UNIVERSITY COURSE: MGT 210 INSTRUCTOR: FARHANA HABIB ZINNIA PRESENTED BY: Name ID SANJAY KUMAR BANIK: 1310730030 SEMESTER FALL 2013 YEAR: 2014 2 REPORT BASED ON AN INTERVIEW WITH MR. SHAFAYET JASON EXECUTIVE MOTORS LIMITED (SOLE distributor of BMW in BAN
NORTH SOUTH UNIVERSITY COURSE: MGT 210 INSTRUCTOR: FARHANA HABIB ZINNIA PRESENTED BY: Name ID SANJAY KUMAR BANIK: 1310730030 SEMESTER FALL 2013 YEAR: 2014 2 REPORT BASED ON AN INTERVIEW WITH MR. SHAFAYET JASON EXECUTIVE MOTORS LIMITED (SOLE distributor of BMW in BAN
NORTH SOUTH UNIVERSITY COURSE: MGT 210 INSTRUCTOR: FARHANA HABIB ZINNIA PRESENTED BY: Name ID SANJAY KUMAR BANIK: 1310730030 SEMESTER FALL 2013 YEAR: 2014 2 REPORT BASED ON AN INTERVIEW WITH MR. SHAFAYET JASON EXECUTIVE MOTORS LIMITED (SOLE distributor of BMW in BAN
PRESENTED BY: Name ID SANJAY KUMAR BANIK: 1310730030 MD. RAKIBUL HASAN: 1310929030 MOHAMMAD RABBY SAKUR: 1310955030 NAKIBUL ISLAM NAHID: 1230593630 MAHAMUDUL HAQUE: 1310005630 SEMESTER FALL 2013 YEAR: 2014 2
REPORT BASED ON AN INTERVIEW WITH MR. SHAFAYET JASON EXECUTIVE MOTORS LIMITED
(SOLE DISTRIBUTOR OF BMW IN BANGLADESH) CONCERN OF MEGHNA GROUP
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Farhana Habib Zinnia North South University Course instructor: MGT 210, Section: 06
Date: 2 nd of January 2014
Respected Miss, I have the pleasure in presenting to you the project on management for the semester fall 2013 on behalf of my group members. As provided the project has been prepared as per the instructions & guidelines given by you. This project or the report contains an interview that was conducted by me. It is an interview of a manager currently working as a Deputy Sales & Marketing Manager at Executive Motors Ltd. (sole distributor of BMW in Bangladesh) a concern of Meghna Group. Thank you for your precious guidelines & instructions & I hope that the report will accomplish its objective to you.
Yours sincerely, Sanjay Kumar Banik North South University Id. No.: 1310730030 Course: MGT 210, Section: 06 4
No reports, assignments and projects are the only work of the students. We greatly appreciate the valuable contributions of several personalities who helped to make this assignment, reports and project a huge success. We owe very special thanks to Mrs. Farhana Habib Zinnia our MGT210 course instructor for her valuable involvement and advice through every phase of the project. WE would also like to mention her cooperativeness in the class and she designed the course in such a way that we got ample opportunities to design our project in a best possible manner. And simple words wont be enough to express how much we appreciate Mr. Safayet Jason who is presently working as a Deputy Manager in Sales and Marketing at Executive Motors Ltd, a sole distributor of BMW in Bangladesh, for letting us have an interview. He also provided his precious time.
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EXECUTIVE SUMMARY
MEGHNA GROUP is very successful in automotive sector in Bangladesh. They are the sole distributor of prestigious German brand BMW in this country. On October 21, 2002 Executive Motors Limited (EML) was launched as a concern of MEGHNA GROUP as the sole importer of BMW Automobiles to Bangladesh. Executive Motors Limited is thoroughly dedicated to its responsibility in managing the BMW marquee. They aim to be the unparalleled leader in the automobile industry and the distinctively preferred choice for customers who accept only the very best in quality & service.
This project is about an interview that was taken with Mr. Shafayet Jason working as a Deputy Sales & Marketing Manager in the current organization is the bright & glooming future of the Executive motors ltd. The aim of the report is to understand several management theories that are interviewed with him to understand how it is being implemented by him & his organization. Some of the theoretical concepts include how he plans within the organization? What is the organizational culture it follows? What are the effects of controlling in their organization? & many other related management theories. A particular section of the report highlights the qualities; strengths that someone needs to have in order to be a part of the Executive Motors. He is personality of versatile qualities who has taken his organization to the top & brought success to the company.
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ABBREVIATIONS
MBO: MANAGEMENT BY OBJECTIVES i.e. : That is. LTD. : Limited. & : And.
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OBJECTIVES
The objective of this report, assignment is to get exposed to the theories of management, organizational structure and the practice of management in contemporary organization conceptual, analytical and pragmatic perspective. This report will help to get a better view of management in the real practice. It also helps to understand the duties and responsibilities of managerial positions and develop ideas about the environment that divers organizations have. The objective of the report is also learning how management provides direction for the organizational goal and quality of work to be accomplished within a given period of time, also learn the universality of management. It doesnt apply to organization but to our real life also. There are some more objectives behind the report that are listed below:
Learn how managements effectiveness is increased. Learn the proper utilization of resources. Co-ordinations in the organization. To reduce the execution time for various activities of the organization. To control the quality of workmanship.
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SCOPE Managing the scope of a project is an important part of all organization of project management. By properly managing the scope of our project, we ensure that only the essential work required for project completion is included in planning and scheduling. And by performing this task well, we can ensure that the final project delivers on the initial specified product or service. At our organization we divide the scope management into five distinct categories: 1. Scope initiation 2. Scope planning 3. Scope definition 4. Scope verification Scope initiation Scope initiation is the process of formally recognizing the existence of a project of our organization. We start our project because of identifying a need of an organization. In actuality, a project develops a solution to address a need. However, we thought that before undertaking a project, it is crucial to verify that the project corresponds with the overall organization strategy. Decision models There were two types of decision models - Benefit of measurement methods, was a comparative approach, including scoring models, benefited contribution, or economic models. Scope planning Scope planning was the justification of our scope management. It was during the scope planning stage that the scope statement was developed. The scope statement form was the basis for our agreement between our project team and the customer by relating the work of the project to our organizations objectives. 10
Scope definition We considered our scope definition involved the project manager subdividing the major project deliverables as identified in our scope statement into smaller, more manageable and deliverables. Allow easier management of each component. Allow accurate estimation of time, cost, and resource requirements. Make it easier to set a baseline for performance measurement. Allow easier assignment of resources. Allow easier assignment of responsibility for works packages.
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LIMITATIONS
After doing this report on a person working in a managerial position we have come across some of the limitations of management. a) Changing nature: The principle of management is not static. With the growth of science and technology, the concept of management is also changing. Some of the old idea is being eliminated and new ideas being invented. Similarly, scientific management is taking place of traditional management.
b) Narrow concept: The narrow outlook of managers is also an important limitation of management. The habit of work done by others develops dictatorship and authoritarian attitude among the managers. Moreover, workload unnecessarily increased due to concentration of power in few hands only.
c) Effects of external factors: -We know it is the process of decision making. It has to operate within the policies of ruling government interventional relations and climate conditions.
d) Profit oriented concept: -The findings say that management is actuated by self-interest and pecuniary consideration. Managers tend to give priority to their own interest, progress and profit as against the interest and profit of organization.
Apart from these above listed limitations we also know that the culture and social, political and religious environment put much influences on management. The flexibility of principles is also to be adjusted according to specific circumstances.
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CONTACT PERSON
MR. SAFAYET JASON DEPUTY MANAGER IN SALES & MARKETING EXECUTIVE MOTORS LIMITED A CONCERN OF MEGHNA GROUP TELEPHONE NO: 8817611-4 ADDRESS: 188/B, TEJGAON, GULSHAN LINK ROAD, DHAKA. WEBSITE: WWW.MEGHNAGROUP.COMBD/BN. E-MAIL: INFO@EXECUTIVEMOTORS.COM
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EXECUTIVE MOTORS LIMITED MEGHNA GROUP is very successful in automotive sector in Bangladesh. They are the sole distributor of prestigious German brand BMW in this country. On October 21, 2002 Executive Motors Limited (EML) was launched as a concern of MEGHNA GROUP as the sole importer of BMW Automobiles to Bangladesh. Executive Motors Limited is thoroughly dedicated to its responsibility in managing the BMW marquee. They aim to be the unparalleled leader in the automobile industry and the distinctively preferred choice for customers who accept only the very best in quality & service. At EML, they believe that their customers deserve far more than just the delivery of their vehicle. This belief drives them to deliver a total ownership experience of a BMW - The EML Experience. The EML Experience begins with their very best professional and interactive sales people Available on-hand to deal with any and all of your queries and tailor your specific requirements for your journey to be a breathtaking one. Your driving pleasure should begin long before you even step into the vehicle. They are passionately committed to hiring and keeping the best people and empowering them to develop the best business processes and practices in order to deliver proactive and caring services that exceed our customers highest expectation. The EML Experience continues with the outstanding level of commitment that their trained specialists invest into caring for you and your vehicle. This carries your relationship with them to a new level - a level that is guaranteed to give sheer pleasure from owning your BMW. Keeping this constancy in commitment, Executive Motors Ltd. has earned laurels like the Best BMW Facilities in 2004 and Top Parts Achievement Award in 2010.
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EDUCATIONAL & PROFESSIONAL BACKGROUND MR. SHAFAYET JASON is a Deputy Manager in Sales & Marketing at EXECUTIVE MOTORS LTD. He is a graduate from Dhaka University & an Ex-IUBAT, Shafayet Jason is a man of versatile qualities.
Sir, tell us about your job title & designation. Mr. Jason: I am working as a Deputy Manager in Sales & Marketing at Executive Motors ltd, a sole distributor of BMW in Bangladesh (From July 2006 till date) a concern of Meghna group.
How did you get started working in this field? Mr. Jason: Interesting! As I have done my graduation in Computer Engineering & I also have one year experience in Lotus Kamal Group as a network administrator & web programmer, I had been called for an interview in Executive Motors Ltd for the Assistant Manager in IT position. Well, after attending three interviews for that post, suddenly the manager asked whether I am interested in sales or not. During that time it was a very turning question for me, because I had a very good result and one year experience in IT field. But suddenly, I realized that as I had a lot of interest in cars as much and I did not know about cars as much, I thought joining would allow me to know more, and I will able to communicate with more people, which is what I like the most. So after thinking over a few days, I expressed my interest to join in BMW sales & my designation was Consultant, which makes me more suited to the job. And after my joining, till now I am learning each day, and thats why I can tell you that I am satisfied!
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REPORT AND ANALYSIS section 2
Can you brief us about your job duties & responsibilities? And how you plan to achieve your targets & objectives set by your organizations head.
Mr. Jason: Responsibilities include following up with the foreign organizations, embassies, multinational companies, private organizations & individual clients & assist them to get the best product according to their criteria and standard, handling and maintaining individual database, maintaining marketing planning & successful exsiccation, giving input for Marketing plan & achieving the sales target. For the second part of your question I would rather say I plan my days work through dedication, perseverance & through hard work, and I go step by step that made me successful over the years and help me to build a better craftsmanship.
How you plan your typical day at your job?
Mr. Jason: Thank you for this question. My day starts as per below schedule: 9.30 am to 9.45 am -entering office 9.45 am to 11.30 am -preparations for the outgoing appointments, desk work etc. 11.30 to 4.30 pm sales call 4.30 pm to 7.00 pm post appointment work, making schedules for upcoming visits, working on prospects, desk work. I try and make my lunch timings within. However, as I work with the night market, this schedule may vary.
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Who is responsible for planning in your organization towards the achievement of the organizations objectives?
Mr. Jason: Basically the planning is done by the owners & the top level managers i.e. the chairman & the board members. Then, it flows down to the other levels of the management. In turn i direct the plans to my sub-ordinates toward achievements of the goal. Apart from this view sometimes we are also asked to give some ideas about the plan which actually improves our skills, responsibilities etc.
What skills/personal qualities are best for this job? Mr. Jason: Apart from the interest in cars, a premium segment car salesman must have these required qualities & skills: Detailed knowledge about the product. Self-confidence. Believe in his product. Quick response of a client or any query (No matter how silly the question is). Price negotiation power. Guiding the client for the right product. Understand the client need. Understand the company mission & vision. Show/tell the real scenario to the upper management.
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What are the qualities that managers must possess that proves to be the strength for your organization.
Mr. Jason: As the world of work continues to change so do the qualities & characteristics of the managers who are going to be leading this organization. Some theories that made me successful are: Follow from the front & try to be an example for the organization. As far as the managers are concerned they are the most valuable asset that any organization may have. So I try to be the leading person. Secondly understand technology. It actually understands the impact of technology at work. If someone have the good understanding of what is happening with technology will always be able to adapt & evolve ahead of competition. And lastly believe in sharing which means managers should be connected to the employees & provide them with the information they need to get their jobs done.
What changes do you expect to see in the organization for your organization? Mr. Jason: I think right now our government has to think about the duty structure. In Bangladesh the duty structure is too high. So government has to make about why the duty structure is high. What is their plan? Is the problem that we are importing the foreign cars; is the problems the roads or the government planning to have its own car industries in Bangladesh? If they have plans to welcome foreign companies to build their own assembling plant over here then the high duty is ok; if not, then please us a clean idea of the high duty.
Figure 1: strength of an organization 18
So what I expect in this automobile industry is that government will give us a clear vision so that we in the automobile industry can make our strategy according to that way.
Say us something about controlling in your organization?
Mr. Jason: Actually the top level of the organization has set some objectives that are to be attained & they plan for us accordingly. Now in turn I try to achieve their target, goals. When the outcomes are measured with the actual planned one we can figure out the deficit. In that case if the sales target I achieve is more than the desired one than I get rewarded by the organization. And if the sales target is not reached than my planning is not effective, the chairman asks me to develop my craftsmanship & who knows might throw me out. Sometimes corrective actions are taken to correct it.
Say us something about the culture of your organization? And what type of organizational culture does it follow?
Mr. Jason: Basically it is how we do things around the organization to succeed. We believe in collaboration among our organizational members i.e. we succeed by working together. The top level management has trust on the employees & the organization as a whole. Actually my organization is a diversity of population who are working towards making the success of the company. We believe in succeeding by growing people who fulfill our vision by doing their best, through -
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dedication at work & through craftsmanship. Apart from all this views we believe in participation, empowerment, being flexible as much as possible. This is why we have diverse organizational culture & we are the best.
Does your organization follow traditional goal setting or the Management by objective?
Mr. Jason: My organization follows Management by objective because everything is periodically reviewed & employees are rewarded for the goals met.
What are the most challenging aspects of your job?
Mr. Jason: Achieving the sales target is not the challenging assignment of my job. The tough part is getting the buyer when he/she wants to buy the car. Well I am a sales person & I am selling an ultimate product, which is BMW, the most enjoyable driving machine-we always say that, we are not selling cars, we sell dream product! So for me selling is not a big deal rather needs the person who has the budget for a car but not sure what he/she will buy. And sometimes its really tough to have an appointment with them due to their busy schedule.
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Sir can you mention the achievements or rewards that you are proud of?
Mr. Jason: Well in this case I have attended a good amount of training abroad, which had a very strong influence on selling & of course my resume. Moreover, I was nominated as the salesman of the year for 2012.
Would you say something about centralization?
Mr. Jason: Yes, as far as my organization is concerned it is a centrally organized organization where the owners typically develop the mission, vision & set objectives for managers to follow when achieving these goals. In a way it also provides us flexibility in interpreting through the decision, planning etc.
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RECOMMENDATION
What is your advice to youngsters who are interested in your job field? Mr. Jason: My advice to youngsters is, during your undergrad BBA course, choose marketing as your major; try to do more assignments & projects on automobiles industry. If possible do your internship in any automobile company in Bangladesh. After completing your graduation, do the English communication course if possible. Some more qualities that are needed for this field include: Good communication skills Mannerism Being a good listener Negotiation skills And finally, an interest to learn(of course about automobile)
Sir any final thoughts you would like to add?
Mr. Jason: Be honest & dedicated to your work. I can assure you, this will lead you to all the way to the top.
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CONCLUSION
Every project or a report has an objective to be met, for us it clearly understands the managerial position of an organization, how it accomplishes its plan to achieve its mission etc. From the interview with Mr. Shafayet Jason it is vividly clear how he & his organization are effective in achieving its target & being the best in the country. He sets an example by leading from the front.
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GLOSSARY
PLANNING: Planning (also called forethought) is the process of thinking about and organizing the activities required to achieve a desired goal. Planning involves the creation and maintenance of a plan. As such, planning is a fundamental property of intelligent behavior. This thought process is essential to the creation and refinement of a plan, or integration of it with other plans; that is, it combines forecasting of developments with the preparation of scenarios of how to react to them.
Centralization: Centralized organizational structures rely on one individual to make decisions and provide direction for the company. Small businesses often use this structure since the owner is responsible for the companys business operations.
Controlling: The basic management function of establishing benchmarks or standards, comparing actual performance against them, and taking action if required.
Organizational culture: Organizational culture is the behavior of humans who are part of an organization and the meanings that the people attach to their actions. Culture includes the organization values, visions, norms, working language, systems, symbols, beliefs and habits.
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BIBLIOGRAPHY & REFERENCE
This project, assignment and report have been a huge success with the help of many materials and items. References:- * Mr. Shafayat Jason Deputy Manager in sales and Marketing Executive Motors Ltd. A concern of Meghna Group Distributor of BMW in Bangladesh
* Mrs. Farhana Habib Zinnia Course instructor of MGT210 North South University
* Mr. KamrulHasan University of Glasgow
* Text Book: "Management" by Stephen P. robins and Marry Coulter * Internet: Google, Encyclopedia, Wikipedia. * Magazines.