13-06-2014, 04:43 PM
The Times of India
1370249269-65107206TimesofIndiaBBAMBAProjectReport.pdf (Size: 240.47 KB / Downloads: 14)
A Brief History
The first edition of The Bombay Times and Journal of Commerce, later
to be called The Times of India, was launched in Bombay in 1838. After
several years of changes, evolution and growth in the paper’s character,
Bennet, Coleman & Co. Ltd., the proprietors of The Times of India Group,
was established with the principle objective of publishing newspapers,
journals, magazines and books.
Today, Bennet, Coleman & Co. Ltd. is India’s largest media house.
The times group is a multi-edition, multi-product, multi-media organization
and has to its credit several leading publications. Among the publications are
The Times of India, The Economic Times, Navbharat Times, Maharashtra
Times, Femina and Filmfare. The group also has interested in the
entertainment and media industry in the form of Radio Mirchi, Planet M,
Times Music, Times Multimedia and Times Zoom Channel.
Story of The Times
1838 The Bombay Times and Journal of Commerce is launched with J.E.
Brennan as editor, published on Wednesday and Saturday only.
1839 Brennan died, George Buist was new editor.
1850 Converted into daily
1852 Absorbs The Bombay Stanard I Bombay Telegraph & courier
1857 Buist ousted after proposing harsh and bloody reprisals against Indians
following the revolt of 1857
1860 Bombay Times agrees to sell Reuters in India
1861 Name changed to The Times of India under editor Robert Knight who
gave it a national character.
1890 Editor Henry Curwen bought Times of India in partnership with
Charles Kane. Curwen wills shares to Thomas Jewell Bennett
1892 Curwen died, Bennett became the editor. He entered into a partnership
with F.M. Coleman to form joint stock company Bennett, Coleman &
Co.
1907 Times of India’s first price war under editor Stanley Reed price cut
from 4 annas to 1 anna; circulation rises five times.
1946 Ramakrishna Dalmia bought out Bennett, Coleman & Co. for Rs. 2
crore
1950 Son-in-law Shanti Prasad Jain gets BCCL as dowry from Dalinia;
Delhi edition launched, K. Gopalswami first Indian editor.
1952 Filmfare Launched
1959 Femina Launched
1961 The Economic Times Launched
1972 Illustrated Weekly launched
1984 Samir and Vinnet join BCCL
1986 Editor Girilal Jain Resigned, Arun Shourie assumed charge
1991 BBC leatures Times of India among world’s six great newspaper.
1993 BCCL starts producing Television software
1996 Times of India crosses 1 million mark in circulaiton
1998 BCCL enters music software with Time Music
1999 Ashil Jain dies, Indiatimes.com launched; BCCL wins bids for 12 FM
channels; Times FM to be re-launched in 2000, BCCL enters music
retailing business with Planet M
2000 Times of India crosses 2 million in circulation
2003-04Times of India entered in Television field with Times Channel Zoom
Size & Form of Organization
In every country, Government adopts different policies in measuring
the size of the unit. The Indian Government has adopted the basis of
investment to measure the size of a business.
The unit can divided into three categories:
Small Scale Industry
Medium Scale Industry
Large Scale Industry
The unit having investment up to 3 crore is known as Small Scale unit.
The unit having investment between 3 crore and 5 crore is known as Medium
Scale Unit. So the Times of India comes under Large Scale category. The
business can be mainly classified as under:
Sole Proprietorship
Partnership Firm
Joint Stock Company
Private Limited Company
As per the form of the organization Times of India comes under.
Proprietorship Private Limited Company.
Time Keeping System
Each and every unit must have its own Time keeping system. Since
time keeping system is must for every company to measure the regulations of
its employees. In Time keeping system the arrival and leaving of employees
are recorded.
In Times of India there is a reception counter where a separate register
kept where all the entries are kept of the entrance of all the employees. There
is a separate timing maintained for office and labors.
The plant works 24 hours, So for labors two ships are there morning
and night.
The morning labor working hours are
9: 00 a.m. to 8: 00 p.m.
I have break is given from 1: 00 to 2: 00 in the afternoon.
The night labor working hours are
8:00 p.m. to 4:00 a.m. with 1 hour break in 1: 00 to 2: 00
For office employees, the working hours are
11: 00 a.m. to 7: 00 p.m.
For Editorial Department, the working hours are
Its starts, from evening 4:00 to night 2:00
For production employee, the working hours are starts, from evening 8:
00 onwards.
Location Justification
Any industry which is established at a particular place where it funds
less cost of production than the other places is known as industrial location.
Location means a place where raw material, labor power,
transportation, capital etc. are easily available.
The unit is located near Ahmedabad. Industry is an activity which
converts raw material and semi finished goods into finished goods for sale.
The success of business depends on the process of organization and
planning.
Any entrepreneur has to consider this entire factor requires careful
analysis because the location is once chosen can’t be changed often.
Frequently changes in location leads to losses.
Why this company is located at Sarkhej-Gandhinagar Highway?
There are some particular reasons which are given below
Objective
The main objectives of the TIMES OF INDIA are:
To earn profit for shareholder.
To expand the Business.
To create wealth.
To create viewer ship and leadership.
How it is different from others:
Has social responsibility
National interest
Welfare of the society
Production Planning
Production planning is an essential prerequisite to production control. It
involves management decisions on the resources that the firm will require for
its manufacturing operations and the selection of these resources to produce
the desired goods at the appropriate time and at the least possible cost.
According to Alford and Beatty, production is defined as “The
technique of forecasting to picturing ahead, every step in a long series of
separate operations each step to be taken in the right place of the right degree
and at the right time and each operation to be done at maximum efficiency.
It includes raw materials without raw material without that production
can not be done and after the process as storage has to be done.
Raw Materials:
Raw Materials required for the production of news papers are News
print, Butter Paper, Computers, Printers, Ink, Litho plates etc. these are some
basic requirement of production. To maintain steady flow of raw materials,
warehousing, preservation, costs control etc. for managing all these functions
various departments are created so that work becomes easy and everyone could
perform it accurately with fully concentration.
Storage:
Storage of Raw Material is to be done by production department. They
have to maintain all stocks and have to plan in advance regarding it so that
steady flow of raw materials can be maintained. After News papers printed
daily at early morning vendor sand agents of agencies come to take their lots
so storage regarding printed news papers is not done as papers are printed they
are packed and vendors and agents take their delivery.
Recruitment:
Recruitment forms the first stage in the process which continues with
selection and increases with the placement of the candidates. Recruitment is
the discovering of potential applicants for actual or anticipates organizational
vacancies. In the other words it is a linking activity bringing together those
with the jobs and these seeking. There are various factors affecting
recruitment.
The Size of the Organization:
The employment conditions in the community where the
organizational is located.
The effect of past recruiting efforts
Working conditions and salary and other benefits etc.
The Times of India adopts three methods for recruiting personnel, i.e.
Direct Method
Indirect Method
Third Party Method
Selection:
Selection is the second step in the process of procurement of people. It
is the process of choosing the individuals who possess the necessary skill,
abilities and personality to successfully full specific jobs in the organization.
Thus in other words it is a problem of matching a man to the job. Selection
process begins with screening of applications and ends with hiring decision
and placement.
The Times of India follows the following procedure for selection:
Initial Screening
Interview
Preliminary Selection
Final Selection
The company formulates interview committee for selection. Here,
interview is taking by Director or HR head and if in case of production
employee test is also being taken.
Induction:
Induction may be defined as “The determination of the job to which an
accepted candidate is to be assigned and his assignment to that job. It is
matching of what the supervisor has reason to think he can do with the job
demands. It is a matching of what he imposes and what he offers in the form of
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Grievance Handling Procedure
A grievance of not attended to or the grievance holder not satisfied than
they can be negative effect on the moral of the workers and also it will reduce
the worker’s productivity. Thus, a company’s grievance handling procedure
should be effectively executed in a company.
In Times of India disputes among the workers and management is
settled through negotiations.
The relation of the unit with outside and neighboring units is also
excellent. This is the main and major part to get success in the present
competitive world.
In Times of India, there hasn’t any case of grievance arises but if it
arises then it will be taken car by the head of the department.
Contribution to The Society
Provides Employment:
Time of India provides employment to large no. of employee as it
works continuously and also raises standard of living by paying them
satisfactory returns.
Provide Donation:
Times of India is giving donation frequently in funds like prime
minister’s fund and other funds. There is no specific time or occasion. Some
income of advertisement is charitable to women’s welfare organizations.
Market Readers
As in Saurashtra most of the people follow the vernacular newspaper as
Gujarati is the mother tongue and due to it more local newspapers are
preferred. Though due to awareness the rend is changing now, as we can see in
the above diagram Gujarat Samachar is a leader in a market with 20% but
Times of India is also chasing and the market covered by 19% while of Indian
Express is of only 3% Economic Times also progressing with 10% compared
to Financial Express of just 3%.
Conclusion
I am thankful to The Times of India for giving me all the required
information required during the visit in the most successful newspaper unit.
All the managers, staff members and workers were polite, lend and quite
helpful. I am thankful to all the mangers of different departments for giving me
information by spending their precious time. Especially I am thankful to Mr.
Mukund Shukla (HOD) who guide about The Times of India. It was a great
experience to visit THE TIMES OF INDIA. I won’t forget it for life time. Thus, it can be concluded that the company reach the target of
perfection