Summer Training Handbook 2015 (Pg.29 To 45)
Summer Training Handbook 2015 (Pg.29 To 45)
Summer Training Handbook 2015 (Pg.29 To 45)
Training
Handbo
ok
2015
Page | 2
Acknowledgements
I am grateful to Dr. Sanjay Modi, Executive Dean, Lovely Faculty of Business and
Applied Arts (LFBAA), who is the inspiration behind this book, Dr. Rajesh Verma,
Associate Dean and Mr Suresh Kashyap, Deputy Dean , Department of Finance , for
being a constant source of motivation.
I am grateful to all faculty members at LFBAA for contributing to this document.
I extend my gratitude to all the management teachers of yesteryears who have
contributed to the pool of knowledge and have had a huge impact on curriculum of
management education.
Page | 3
Preface
This book is a compendium of sample topics for summer training of MBA students.
An attempt has been made to make it as comprehensive and concise as possible.
The topics given herein are for the purpose of guiding the students to choose their
summer training projects and can be modified as per the requirement of the
company. The topics have been classified into areas of specialization for the sake of
convenience and clarity. In addition to being a guide for summer training this book
can also be used to peek into the job requirements of various specializations and
can be used to decide on the right specialization for a student.
In addition to sample topics this book contains various guidelines to be followed in
order to derive the maximum benefit out of the two months of summer training. It
contains the rules of University and the code of conduct the student is expected to
observe during the period of internship.
The book also contains a section on the activities which are generally done by
various departments of a company. This shall help in widening the perspective of
the students and also increase the exposure he can receive.
All the formats for the various components of the course have been presented in
annexure at the end of the book.
I wish you all the best for your summer training. Have fun!
Page | 4
Contents
Professional Goals during Summer Training................................................................8
Code of Conduct......................................................................................................... 8
Marketing................................................................................................................... 8
Survey on preferences for insurance companies with special reference to a
particular player...................................................................................................... 8
ICC World Cup Effect on the promotions of various products................................8
Impact of price on the buying behavior...................................................................9
Market Survey for a new product launch.................................................................9
Pull Effect in Insurance Sale.................................................................................... 9
Effect of Packaging on sales of consumer products.................................................9
Marketing Communication needs of Oligopoly Companies......................................9
Consumer perception about the company/product/organization...........................10
Trend analysis of sales during different times of years..........................................10
Effectiveness of Integrated Marketing Plan of the company.................................10
Market positioning of the products........................................................................10
Finance..................................................................................................................... 11
Working capital management at the organization.................................................11
Project financing.................................................................................................... 11
Ratio analysis to know the financial position of company*....................................11
Budgetary control techniques used by the organization.......................................11
Inventory control techniques used by the company..............................................12
Cash Conversion cycles and its Impact on the profitability...................................12
Receivables management techniques used by the company................................12
Capital budgeting techniques used by the companies..........................................12
Cost reduction techniques used by the company and their effectiveness.............12
NPAs and growing scope of Securitization............................................................13
Risk Management in Life Insurance.......................................................................13
Risk Management in General Insurance................................................................13
Risk Management in Banking................................................................................13
A study on banking procedures............................................................................. 13
Comparative study of loan procedures followed by banks....................................13
Portfolio Management........................................................................................... 13
Page | 5
Hospital and Health Management............................................................................ 14
Study on Patient Satisfaction.................................................................................14
Gap Analysis.......................................................................................................... 14
TAT of Laboratory Procedures................................................................................ 14
Patient Flow in OPD............................................................................................... 14
Comparative Study with NABH standards.............................................................14
Medical Audit......................................................................................................... 14
Materials and Store Management..........................................................................15
Urinary Catheterization Infection..........................................................................15
Design and Facilities in the Emergency Casualty Department..............................15
Medical Billing Department................................................................................... 15
Human Resource Management................................................................................. 15
Recruitment process.............................................................................................. 15
Training and Development process.......................................................................15
HRIS.......................................................................Error! Bookmark not defined.
Impact of remuneration on Motivation..................................................................16
Impact of recession on HR policies........................................................................16
Change management............................................................................................ 16
Talent management............................................................................................... 16
Competency Mapping of particular organization...................................................17
Work life balance................................................................................................... 17
Performance management system........................................................................17
Information Technology............................................................................................ 17
Study of Supply Chain Management System of an IT Organization.......................17
E-business and its role in inventory management.................................................17
Total quality management for IT Industry..............................................................17
Brand positioning and advertising of IT Products..................................................17
Impact of Budget and Schedule Pressure on Software Development Cycle Time
and Effort.............................................................................................................. 18
Consumer buying behavior of e-marketed IT products..........................................18
Implementation of cyber law in IT Organization....................................................18
Retail Management.................................................................................................. 18
Page | 6
Study of effectiveness of merchandise availability and consumer shopping
behavior................................................................................................................ 18
Staffing management and flexi timing implemented in Retail stores....................18
Materials handling equipment used for cost reduction on shop floor/warehouse..18
Retail stores and degree of automation used for competitive advantage.............19
Retail stores warehouse management.................................................................19
Logistics implementation for coordination with decentralized/centralized store
.............................................................................. Error! Bookmark not defined.
Study of Retail location and layout........................................................................19
Customer relationship management.....................................................................19
Visual merchandising and atmospherics...............................................................19
Security measures for reducing the stores theft..................................................19
International Business.............................................................................................. 19
Export import policies of the company..................................................................19
Business Unit Strategies........................................................................................ 20
Market segmentation strategies............................................................................20
Transfer pricing techniques followed by company.................................................20
Management Compensation.................................................................................. 20
Financing of Projects of the companies.................................................................20
The activities of the various departments................................................................20
Accounts/ Finance Department.............................................................................20
Human Resource................................................................................................... 21
Marketing & Sales................................................................................................. 22
ANNEXURE I - Evaluation Parameters.......................................................................23
COURSE EVALUATION :....................................................................................... 23
MODEL 1 Research project components Practical Component..........................24
MODEL 2 Sale project components......................................................................24
Annexure II- Guidelines............................................................................................. 25
Annexure III- Important deadlines............................................................................27
ANNEXURE IV- Project Topic Performa.......................................................................29
ANNEXURE V- Fortnightly Progress Report................................................................31
ANNEXURE VI - Feedback on fortnightly repot by faculty guide (for faculty only)....32
ANNEXURE VII- Industry Feedback Form...................................................................33
Page | 7
ANNEXURE VIII- Attendance Sheet...........................................................................35
ANNEXURE IX - Guidelines for Summer Training Report...........................................37
Annexure X References.......................................................................................... 39
Page | 8
industry
them an
on some
area of
1. To undertake a meaningful
project
2. To work hard and show initiative
to win confidence
3. Work hard to get PPO(PrePlacement Offer)
4. Aim at maximizing learning.
5. Building relations with peers to
thoroughly understand the
strengths and
weaknesses of
systems policies and
procedures.
6. Understand systems, procedures
and policies.
7. Discuss doubts and see, if, you
can make suggestions.
8. Try to relate the practice to
theory and find out reasons for
difference between theory and
practice
Code of Conduct
The students should observe the
following guidelines while their
summer training.
Marketing
Survey on preferences for
insurance companies
with special reference to
a particular player
Insurance is considered one of the
most difficult products to sell. The
sale is mostly push sales, driven by
the
sales
agent/
employee.
However, the companies spent a
lot of money on advertisement and
promotions. The student has to
identify the key factors driving the
sales and should try to come up
with
some
ideal
Integrated
Marketing Campaign design for the
product.
The focus has to be on customer
interaction and knowing the actual
challenges involved in making the
deal happen.
Page | 9
P a g e | 10
Marketing Communication
needs of Oligopoly
Companies
There are some companies which
have a near monopoly their
product segment or at best they
can be described as oligopolies.
HPCL, BPCL, IOCL are three such
examples in the petrol and diesel
category. These companies which
had a very laidback attitude in the
yesteryears have become active
advertisers now.
The students need to study their
marketing communication needs if
any and analyze how their needs
are different from the players in
more competitive product/service
categories.
P a g e | 11
Effectiveness of Integrated
Marketing Plan of the
company
Finance
Cash
Receivables
Payables
All three need to be properly
managed. Cash conversion cycle
needs to be minimized, Receivable
turnover and payable cycle need to
be optimized. All the factors have
their effect on profitability of the
business. Students will study the
working
capital
management
techniques
followed
by
the
company so as to maintain the
liquidity while maintaining the
profitability and suggest means to
improve the working capital cycle
without hampering profitability.
P a g e | 12
Project financing
In a business companies have to
work on new projects in order to
enhance their profitability. But
before a new project is taken up its
viability has to be checked. It
should pass certain parameters.
Once the company decides to go
up with a project then the problem
of its financing comes. How to
finance
a
project?
Different
financing instruments have to be
evaluated. Students will study the
financing instruments used by the
company for financing a project out
of available options. Cause for
selecting a particular instruments.
They will analyze the available
instruments
and
suggest
the
company about other profitable
options.
Budgetary control
techniques used by the
organization
Budgeting is a control device in the
hands of the company. Different
budgets are prepared by the
company for the efficient working
of the company. Because budgeted
figures give a parameter to the
company against whom the results
have to be evaluated. Students will
study the different techniques used
by the company for budgetary
control, reasons for the use of a
specific technique. Outcomes of
the technique in the form of
increased production, increased
sale, less expenditure, reduced
labor turn over, improved cash
position etc.
P a g e | 13
Receivables management
techniques used by the
company
A
company
gets
receivables
whenever it sells goods on credit.
Receivables are an important
component of working capital as
well of balance sheet. Students are
required to analyze the current
receivable
management
techniques.
managing
Capital budgeting
techniques used by the
companies.
Whenever a new project is under
taken by a company its financial
viability needs to be checked using
various
capital
budgeting
techniques. Students will analyze
the techniques adopted by the
company, reasons behind the
adoption of a particular technique
(such as payback period, NPV, IRR)
its benefits over the rejected
techniques.
P a g e | 14
A study on banking
procedures
Banking itself is a big industry. It is
composed of lot of procedures say,
making drafts, clearing, assigning
the MICR codes to non MICR bank
cheques. A student doing his/her
intern in the banking sector is
expected to learn all the banking
procedures and what is the use of
following these procedures.
Portfolio Management
P a g e | 15
Gap Analysis
Students can use the SERVQUAL
scale to measure the service gaps
existing in the service delivery
system of the hospital. They can
find out the causes of the existing
gaps. Finally they can develop
strategies to close those gaps and
thereby improving the service
delivery.
TAT of Laboratory
Procedures
Turn Around Time (TAT) is the time
period
between
collection
of
P a g e | 16
Medical Audit
Medical audit is one of the major
process
for
achieving
quality
healthcare
service
delivery.
Students have to check medical
records of the inpatients for a
definite time period and also the
past records. They have to find out
the missing components in the
records. Finally they have to
develop a check list for maintaining
the medical records.
Urinary Catheterization
Infection
In most of the hospital infection
due to urinary catheterization is
very common giving rise to
complications and increasing the
length of stay of the patients.
Students have to develop a check
list for all procedures regarding
urinary catheterization. They have
to keenly observe each procedure
during their stay in the hospital.
They have to find out the
deviations
in
the
standard
procedures. Finally they have to
develop a training module for the
medical and Para-medical staffs for
following the best procedure.
P a g e | 17
Human Resource
Management
Recruitment & Selection
process
Recruitment
&
Selection
encapsulates attracting, screening,
and selecting qualified people for a
job in an organization. With the
changing times there has been a
paradigm shift in the Recruitment
process with a growth of job search
engines
&
headhunters
for
executive recruitment. There has
been
a
constant
focus
on
identifying critical competencies
while
hiring
prospects
which
encompasses not only visible
factors like Knowledge, Skills &
Abilities but also invisible & belowthe waterline competencies like
Traits, Motives, Self-Concept etc.
The student is expected to
undertake
a
study
on
the
recruitment & selection process of
the particular organization and also
study the recruitment & selection
technique being followed in the
particular industry and compare
Impact of remuneration on
Motivation
This topic is an attempt to explore
the critical motivation factor for
employees
over
the
ages
Remuneration & its impact on
motivation levels. The students are
P a g e | 18
Change management
Impact of recession on HR
policies
Change
management
is
an
indispensable
part
of
any
organization. Students can study
different techniques adopted by
organizations for managing change
or for reducing the resistance to
change. They can focus on any
major change program initiated by
the organization and can track the
transition during the unfreezing,
movement & refreezing stage.
Talent management
Competency Mapping of
particular organization
The student is expected to
understand the process of Mapping
Competencies for Individuals in the
organization & attempt to prepare
Competency Models for critical
positions in Organization. The
linkage with each and every step
like Recruitment & Selection,
P a g e | 19
Training
&
Development
and
Compensation
needs
to
be
established after the same to
justify the entire process.
Performance management
system
The students are expected to
undertake an in-depth analysis on
the
Performance
Management
system in the organization which
will encapsulate a detailed study
on
Performance
Planning,
Performance
Managing,
Performance
Appraisals,
and
Performance
Monitoring
being
followed.
Information Technology
Study of Supply Chain
Management System of
an IT Organization
There
is
a
network
of
interconnected businesses involved
in the process of providing product
P a g e | 20
Retail Management
Study of effectiveness of
merchandise availability
and consumer shopping
behavior
Customers follow a specific pattern
of visiting to nearest convenience
store. Basically it depends upon
type of merchandise a store has.
So effect of merchandise selection
by a store manager on foot fall of a
store should be studied.
P a g e | 21
Materials handling
equipment used for cost
reduction on shop
floor/warehouse
In
a
warehouse,
space
management is based upon types
of vehicle and material handling
equipment used daily on the shop
floor. How it makes the system
efficient can be analyzed.
a
study
of
supply
chain
management
which
sometime
depends on third party vendor.
Generally
the
logistics
are
important
factor
but
largely
outsourced. Study about the vari
Customer relationship
management
P a g e | 22
Market segmentation
strategies
International Business
Management Compensation
A multinational company has to
structure the compensation for the
management as per the need of
the country. There are a lot of
factors that affect this decision.
The student has to study the
management compensation for a
company for different markets.
P a g e | 23
Accounts/ Finance
Department
1. Whether the accounts are
computerized or manual?
2. Format of the expenses and
adjustment vouchers.
3. Banks transactions and bank
reconciliations process.
4. Suppliers and Debtors control
ledgers
and
process
of
maintaining the records.
5. Process of issuing Debit and
Credit note to the customers
and suppliers.
P a g e | 24
22.
Processing of Export/
Import Documents and their
formats.
23.
B/L Forms and its
procurement by the shipping
companies etc.
24.
CWC formalities and
issuance of containers for the
bonded warehouses.
25.
Identification
of
shipping
companies
and
scheduling the loading and
unloading the consignments.
26.
Placing the orders to
the suppliers to import the
goods and formats of all
related documents.
27.
Execution of Export
orders and the procedures.
28.
ECGC formalities.
29.
Transit
Insurance
Guarantees document.
30.
L/C & Bill discounting
procedures with the banks.
31.
Copy of the Excise Gate
Pass/
Invoice/
Challans/
Export Invoice.
Human Resource
1. Copy of the Standing Orders.
2. Copy of the HR policy.
3. How many statutory returns
are being filled on monthly
basis (PF/ESI/Labour Dept,/
Gratuity/ Insurance, )
4. Copy of all challans for the
reference.
5. Bonus
policy/
Annual
increment policy/ incentive
policy,
6. Recruitment
process
and
method
of
obtaining
requirements
from
the
respective departments.
7. Appraisal methods by the
different departments.
8. Maintaining of comparative
statements
of
the
competitors.
9. Any SCR activity and its flow
and treatment.
10.
Forecasting
and
Budgeting of CSR activities.
11.
Calculation
of
per
employee
cost
to
the
company and product.
12.
Preparation of monthly
salary bill and procedure.
13.
Calculation of working
days and overtime hours.
14.
Specific polices for the
motivation of the employees.
15.
Compensation polices
in case of some accident or
mishaps in the organization.
16.
Staff welfare activities.
17.
Staff
Training
and
Development Activities.
18.
Monthly
Feed
Back
System of the staff.
19.
Promotion Polices,
20.
LTA Polices.
P a g e | 25
5. Dealers
and
Distributor
Appointment Formalities.
6. Procedure
of
Issue
of
Dispatch
advise
to
the
dispatch department.
7. Setting
of
customers
eligibility norms.
8. Maintenance of Excise/ VAT
records and the formats of all
returns.
9. Treatment of rejected goods
at
the
dealers/retailers
godowns.
10.
Discount Polices.
11.
Pricing policies.
12.
Debit Note/ Credit Note
issue polices.
13.
Invoicing
and
procedure.
14.
Zone wise/ Area wise
controlling of sales.
15.
Procedure of targeting
and sales forecasting.
16.
Methods of keeping
watch
on
competitor
activities.
17.
Statements which are
mostly
prepared
in
the
department as part of MIS.
18.
Procedure
of
maintaining coordination with
MGN602, MGT
702,MGT755,
COURSE TITLE:
Seminar on
Summer Project
P a g e | 26
COM361
L
CREDITS
Attendan
ce
CA
MTE
ETP
100
Course Objective:
COURSE EVALUATION :
Marks
Weightag
e
10
10
25
10
Total FEEDBACK
20
100
TOTAL ETP
80
100
Component
Marks
PRESENTATION:
10
Body Language
20
Total
P a g e | 27
Communication skills
Content
Question Handling
Audio/Visual Aids
30
30
10
100
(Weightage40%)
20
100
(Weightage40%)
PROJECT REPORT
40
30
10
80
20+ 80
100Marks
Component
Marks
PRESENTATION:
20
Sale demo
Communication skills
Content- sale strategy, products
knowledge, selling process, allocation of
resources, Targets achievement,
Question Handling
Audio/Visual Aids
PROJECT REPORT
10
100
(Weightage40%)
30
30
10
20
40
100
(Weightage40%)
30
10
80
Total
20+ 80
100Marks
Component
Marks
PRESENTATION:
20
Body Language
10
Total
100
(Weightage40%)
P a g e | 28
Communication Skill
Content
Question handling
Audio/Visual Aids
PROJECT REPORT
30
30
10
20
40
30
10
80
100
(Weightage40%)
20+ 80
100Marks
P a g e | 29
Annexure II- Guidelines
Sector/Reputed Associations,
e.g. AIESEC for execution of
Community Development
Project during the training
period.
4. Pedagogy:
Approval of HoD-F
Approval of HoF
P a g e | 30
must
2.
Three
progress
be
fortnightly
(Annexure-V)
reports
respective
after
starting
the
summer
Progress
(Annexure-V)
training
school
(For
Training
3.
17th June
2nd July
17th July
Faculty
give
Guide
feedback
would
on
the
be given.
5.
The
students
at
the
of
submit
students
mailing
the
fortnightly report.
4.
Hard
fortnightly
(Signed
progress
of
the
reports
stamped
by
stamped
project guide.
presentation
Feedback
copy
and
Industry
otherwise
the
by
the
industry
P a g e | 31
6.
and
attendance
sheet
sealed
envelope
by
the
turn to evaluators.
7.
mails, as follows-
Roll
no.
no.
with
section/
Registration
of the
and
on
7th
August,
2015
to
come
along
with
must
be
in
the
prescribed
format. (Annexure-XI).
after
dates.
these
above
mentioned
P a g e | 32
Name of The
Student
Reg. No.
Class, Section and
Roll No.
Mobile No.
Name of the
Organization
(Address)
Date of Joining
Project Topic
Location
Other Responsibilities:
Companys Designated Supervising Authority*
P a g e | 33
Name&
Designation
Phone No (O)
Mobile:
E-Mail :
Signature of
Authority(with
stamp)
P a g e | 34
Fortnightly Progress Report
ANNEXURE V
_________________________
2. Period of Training
PhoneNo________________________________Email________________________
P a g e | 35
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________
P a g e | 36
ANNEXURE VII- Industry Feedback Form
Punctuality
Adherence to company
norms
Conduct / Behavior
Initiative
Eagerness to Learn
4.
Very
Good
Goo
d
Satisfact
ory
Poo
r
Very
Poor
P a g e | 37
__________________
Signature
Date
:
:
______________________________________
______________________________________
P a g e | 38
: ____________________ Term
____________________
:_______________________________________________
July
August
P a g e | 39
P a g e | 40
Font Size
Line Spacing
:
:
Paper Size
Margins
1.5
:
A4
As mentioned in the evaluation parameters in annexureThere can be two types of repots research report and sales report and for
evaluation parameters refer to annexure-
Guidelines
P a g e | 41
Annexure X References
HOW TO WRITE REFERENCES
This section is an introduction to
writing references and covers the
most common types of material in
both print and electronic form:
books,
chapters
in
books,
conferences and their papers,
official publications, dissertations
and
theses,
journal
articles,
P a g e | 42
Why
should
I
include
references in my work?
It shows the range of reading
which you have done. This
gains you marks.
2. You
may
support
your
arguments with the opinion of
acknowledged experts and use
data from reputable sources.
This can make your own
arguments more convincing.
3. It is a basic academic
requirement to show details of
the
sources
of
your
information,
ideas
and
arguments. Doing so means
1.
P a g e | 43
by
the
e.g. As
with
any
investment, working capital
exposes the business to risk.
Verma (2003)
Anon. (2006)
or
Title followed by the date in round brackets.
e.g.
(c) If the author produced more than one work in the same year:
Use letters to indicate this
(probably it is best to arrange
P a g e | 44
e.g.
Singh (2004 a)
Singh (2004 b)
GENERAL RULES
(i). Authors
a) Single Author
Family name first, then a
comma and space and then
personal name(s) or initial(s).
e.g. Singh, A.
b) Two Authors
c) Three Authors:
List the authors as above
with a comma after the first and
& after the second.
e.g. Pryce-Jones, T., Patel, V.
& Brown, P.
d) More than three authors
should be listed with only the
first named followed by the
Greek term et al. This
translates as and others.
e.g. Hussain, J. et al.
Editors
Editors are treated the same
as authors except that Ed. or
Eds. is put in brackets after
the editor or editors names.
Corporate Author
A corporate author is a group
which takes responsibility for
writing a publication. It could
be a society and professional
body,
an
international
organisation, a government
department or any other
group.
A
government
Great
Britain.
for Education and
e.g. PriceWaterhouseCoopers
P a g e | 45
(ii) Date
The date of publication should be
included.
If there are a number of different
reissues or reprints of the item give
the earliest date of the edition you
are referring to.
e.g. if the information in the book
reads 1989 reprinted in 1990,
1992,
1995, 1996, 2000 give
1989.
(iii) Title
The title should be copied from the
item itself if possible and should be
in italics. If there is no title on the
item you may need to invent a
descriptive title. In this case you
should put it in square brackets [ ].
(iv) Edition
If there are different editions of the
work you should give details of
which edition you are using. e.g 3rd
ed
(v) Place
(vi) Publisher
If the item is published give the
name of the publisher as it appears
on the item.
e.g Sultan Chand & Sons
If the item is unpublished it may
still be possible to give the name of
the body responsible for issuing the
work.
e.g. Verma , R. (1998).
Impact of Market Orientation
on
Corporate
Success.
Unpublished
PhD
thesis,
University
of
Himachal
Pradesh.
(vii) Other Information
You may wish to include other
information about the item such as
its ISBN, physical format (e.g.
Lecture, Web Site, E-Mail, internet
address, etc.). More detail is given
in the section
P a g e | 46
DETAILED EXAMPLES
(i) Books (or reports)
Information about a book should, if
possible, be taken from the title
page and the back of the title page.
Kotler, P. (2006), Marketing Management, 12th Ed. New Delhi: Pearson Publishers Ltd.,
pp. 1-23.
Author
Pages
Date of
Title
Publication
Edition
Place of
Publisher
Publication
[available
at:
http://proquest.safaribooksonline.com/15
87050773 viewed on 11/03/2008]
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Year
Article Title
Volume
Part/Issue
Page Numbers
Note:
P a g e | 48
P a g e | 49
ANNEXURE-XI Report on Summer Training
DEPARTMENT OF MANAGEMENT
LOVELY PROFESSIONAL UNIVERSITY
JALANDHAR NEW DELHI GT ROAD
PHAGWARA
PUNJAB