Industrial Visit Project
Industrial Visit Project
Report
Submitted in partial fulfillment of the requirement for the
Award of degree of BBA
2020 — 2023
Chapter-1-Introduction
A. Overview of the service sector and its contribution in the
economy
B. Overview of the industry and its contribution in the service
sector
Overview of the service sector and its contribution in the
economy
Overview& Contribution:Service Sector
Service sector deals with the production of intangible goods like transportation, hotel
restaurants, real estate, arts, entertainment health insurance services, education and
telecom services etc.
Every economy consists of three sectors. They are primary sector (extraction such
as mining, agriculture and fishing), secondary sector (manufacturing) and the tertiary
sector (service sector). Economies tend to follow a developmental progression that
takes them from a heavy reliance on primary, toward the development of
manufacturing and finally toward a more service based structure. Historically,
manufacturing tended to be more open to international trade and competition than
services. As a result, there has been a tendency for the first economies to
industrialize to come under competitive attack by those seeking to industrialize later.
India's services sector has always served the country’s economy well and currently
accounting near about 60 per cent of the gross domestic product (GDP). In this
regard, the financial services sector has been an important contributor.
The Government of India has introduced reforms to liberalise, regulate and enhance
this industry. At present, India is undoubtedly one of the world's most vibrant capital
markets. Challenges remain, but the future of the sector looks good. The advent of
technology has also aided the growth of the industry. About 75 per cent of the
insurance policies sold by 2020 would, in one way or another, be influenced by digital
channels during the pre-purchase, purchase or renewal stages, as per a report by
Boston Consulting Group (BCG) and Google India.
The service sector consists of the soft parts of the economy such as insurance,
government, tourism, banking, retail, education, and social services. In soft-sector
employment, people use time to deploy knowledge assets, collaboration assets, and
process-engagement to create productivity, effectiveness, performance
improvement potential and sustainability. Service industry involves the provision of
services to businesses as well as final consumers. Services may involve transport,
distribution and sale of goods from producer to a consumer as may happen in
wholesaling and retailing, or may involve the provision of a service, such as in pest
control or entertainment. Goods may be transformed in the process of providing a
service, as happens in the restaurant industry or in equipment repair.
Overview & Contribution: Industry
The tertiary sector of the economy, generally known as the service sector, is the third
of the three economic sectors in the three-sector model (also known as the
economic cycle). The others are the primary sector (raw materials) and
the secondary sector (manufacturing).
The tertiary sector consists of the provision of services instead of end products.
Services (also known as "intangible goods") include attention, advice, access,
experience and affective labor. The production of information has been long
regarded as a service, but some economists now attribute it to a fourth sector, called
the quaternary sector.
The tertiary sector involves the provision of services to other businesses as well as
to final consumers. Services may involve the transport, distribution and sale of
goods from a producer to a consumer, as may happen
in wholesaling and retailing, pest control or entertainment. The goods may be
transformed in the process of providing the service, as happens in
the restaurant industry. However, the focus is on people by interacting with them and
serving the customers rather than transforming the physical goods.
It is sometimes hard to determine whether a given company is part of the secondary
or the tertiary sector. It is not only companies that have been classified as part of a
sector in some schemes, since governments and their services (such as the police
or military), as well as nonprofit organizations (such as charities or research
associations), can also be seen as part of that sector.[1]
In order to classify a business as a service, one can use classification systems such
as the United Nations' International Standard Industrial Classification standard,
the United States' Standard Industrial Classification (SIC) code system and its new
replacement, the North American Industrial Classification System (NAICS),
the Statistical Classification of Economic Activities in the European
Community (NACE) in the EU and similar systems elsewhere. These governmental
classification systems have a first-level of hierarchy that reflects whether the
economic goods are tangible or intangible.
For purposes of finance and market research, market-based classification systems
such as the Global Industry Classification Standard and the Industry Classification
Benchmark are used to classify businesses that participate in the service sector.
Unlike governmental classification systems, the first level of market-based
classification systems divides the economy into functionally related markets or
industries. The second or third level of these hierarchies then reflects whether goods
or services are produced.
The tertiary sector of an economy is composed of the service industry, which
provides services to businesses and consumers. This sector includes a wide variety
of occupations, such as healthcare, education, retail, and hospitality. The service
industry is a major contributor to an economy, as it accounts for a large portion
of GDP and employment.
The tertiary sector plays a vital role in the economy by providing services that are
essential to businesses and consumers. This sector includes occupations such as
healthcare, education, retail, and hospitality. The service industry is a major
contributor to an economy, as it accounts for a large portion of GDP and
employment. The tertiary sector helps to drive economic growth and create jobs.
Chapter-2
About the Company
(Zomato)
Zomato
Zomato is an Indian multinational restaurant aggregator and food delivery company,
[
founded by Deepinder Goyal and Pankaj Chaddah in 2008. Zomato provides
information, menus and user-reviews of restaurants as well as food delivery options
from partner restaurants in more than 1,000 Indian cities, as of 2022.
Zomato is one of the most comprehensive and user-friendly apps for finding nearby
restaurants and cafés to dine in or to order food online. It also gives menus, reviews,
and ratings to acquire factual information on eateries. Users can use this
information to place orders and enjoy delectable food in the comfort of their own
homes. Zomato offers timely delivery to customer's doorstep, a joy for foodies.
Customers no longer have to wait in restaurants for hours.
Zomato is one of the most popular online food delivery systems, with users in nearly
22 countries. On the other hand, Restaurant owners can boost their internet
presence by registering with the Zomato app.
Since 2008, Zomato has grown swiftly and is one of India's most successful startups.
Even seasoned business owners and entrepreneurs are curious about how it
operates and earns large profits despite offering attractive discounts. Zomato's
primary function is recommending local and neighboring eateries to users and taking
orders from them.
Users can place orders from their preferred restaurant based on previous customers'
ratings and feedback. It may be why many entrepreneurs are interested in creating a
Zomato-like app. It provides users with convenience and assists business owners in
taking their local food business to new heights.
Step 1: Users may browse and order food from various restaurants via the
desiccated app or website.
Step 2: When restaurant owners receive an order request, they prepare a dish.
Step 4: The delivery service delivers food to the customer's preferred location.
Step 5: Customers can make purchases and provide evaluations based on their
experience using the payment options.
History
Zomato was founded as FoodieBay in 2008 by Deepinder Goyal and Pankaj Chaddah
who worked for Bain & Company. The website started as a restaurant listing and
recommendation portal. They renamed the company Zomato in 2010 as they were
unsure if they would "just stick to food" and also to avoid a potential naming conflict
with eBay.
In 2011, it expanded across India to Delhi
NCR, Mumbai, Bangalore, Chennai, Pune, Ahmedabad and Hyderabad In 2012, it
expanded operations internationally in several countries, including the United Arab
Emirates, Sri Lanka, Qatar, the United Kingdom,the Philippines and South Africa. In
2013, expanded to in New Zealand, Turkey, Brazil and Indonesia, with website and
apps available in Turkish, Portuguese, Indonesian and English languages. In April
2014, it launched in Portugal, which was followed by launches
in Canada, Lebanon and Ireland in 2015.
In January 2015, Zomato acquired Seattle-based restaurant discovery
portal Urbanspoon, which led to the firm's entry into the United
States and Australia This U.S.-expansion brought Zomato into direct competition
with similar models such as Yelp and Foursquare
In an effort to expand its business beyond restaurant listing, Zomato started its food
delivery service in India in 2015,initially partnering with companies such
as Delhivery and Grab to fulfill deliveries from restaurants that did not have its own
delivery service.
In April 2015, Zomato acquired the American online table reservation platform
NexTable, which was subsequently renamed as Zomato Book. In January 2016, it
launched Zomato Book's table reservation feature on its application in India. In April
2015, it acquired cloud-based point of sale (PoS) company MapleGraph
Solutions,[25] and, in April 2016, launched its own version of PoS for restaurant
owners called Zomato Base, comprising menu and inventory management, payment
system and analytics. Later that year, Zomato acquired Sparse Labs (renamed
Zomato Trace) and integrated the latter's real-time delivery location
tracking technology on its food delivery platform.
Mission And Vision
A mission, vision, and values are your restaurant's guiding principles and an
important piece of your restaurant business plan. They help you make sure your
business decisions – from your logo to your vendors – are strategic and align with
your goals.
Mision- Zomato's mission statement is “better food for more people.” Since our
inception in 2010, we have grown tremendously, both in scope and scale - and
emerged as India's most trusted brand during the pandemic, along with being one of
the largest hyperlocal delivery networks in the country.
Vision- The vision indicates the aim of the company to serve food to maximum
people which would traipse their interest with the delicious food. Zomato deals with
restaurant partners with industry-specific marketing tools, that bring them to engage
and acquire customers to grow their business with more productivity.
Organizational Structure
Competitors
The Restaurant Delivery/Takeout Software solutions below are the most common
alternatives that users and reviewers compare with Zomato. Other important factors
to consider when researching alternatives to Zomato include user interface and price.
We have compiled a list of solutions that reviewers voted as the best overall
alternatives and competitors to Zomato, including Swiggy, Uber Eats, DoorDash, and
GrubHub.
Organizational Structure
Zomato is a discovery platform for restaurants which provides information on Home
Delivery, cafes, Nightlife and Clubs. It is one of the few innovative ideas of it’s the
recent decade as it has added information of menus, photos, Cost for two added as
important features for consumer experience.
The mission of Zomato is to ensure that nobody has a bad meal and they are doing
this globally. The service provision of Zomato works in the following ways-
Product
1. Product
Product refers to the object or service you’ll sell to customers. For your food delivery
service, the product is your menu. Your dine-in menu can be different from your
delivery menu. For example, you may be serving ice cream to dine-in customers, but
you may not want to deliver it, considering the logistical issues involved.
position your business uniquely. Quality products are another must-have, so ensure
that you follow food safety procedures and your products meet hygiene standards,
such as the FDA’s Food Code. Delivery is the service you’ll be offering along with
your menu (the product). Ensure that deliveries are on time and done with utmost
courtesy. Use food delivery applications and GPS tracking solutions to improve the
Price
2. Price
While deciding on pricing, ensure that your business has a healthy profit margin, but
don’t forget to factor in competitors’ prices. Review your prices regularly or when
tools todetermine how much discount you can afford and to plan special offers and
yourself better.
Place
3. Place
Place refers to the channel through which you’ll sell your product. It can be a website;
mobile app; phone call; or text, WhatsApp, or social media message. Determine
Taking customer orders via WhatsApp or voice calls is the least expensive means to
get started, especially if you intend to begin your delivery service immediately.
You can also choose to build your delivery website and mobile app.These channels
will allow you to showcase menu items and receive online payments using point-of-
Promotion
Ensure that your brand logo and colors are highlighted across the website and app
Use these DIY website and application builder apps to build a website or mobile app
yourself. You can also use food delivery software to set up online delivery for your
food delivery platforms, such as Uber Eats or DoorDash, to increase reach and
visibility.
4. Promotion
Promotion includes all the activities involved in marketing your products and
participation in events, etc., are some common methods to promote your food
your business. Optimize website content with relevant keywords, such as “order
online” and “food delivery,” to rank higher on search pages and attract more
customers. Maintain a restaurant blog where you can feature your specials, share
customers politely. Their punctuality and behavior toward customers also help
5. Process
Process covers the business operations of your food delivery service. You must
clearly outline your process flow and ensure that every task has been accounted for.
For example, you must have provisions for removing out-of-stock items, processing
Having well-defined processes helps identify bottlenecks and determine which tasks
can be automated or need manual intervention. Also, build an IT process chart that
specifies the software applications you use and the tasks they perform. An IT
process chart will help you understand how and what data is being captured, used,
and stored.
Understand the regulations you must follow and get all licenses you’ll need to start
food delivery. Consult with a local council, or visit the U.S. Small Business
Physical Evidence
6. Physical evidence
Physical evidence refers to the tangible and intangible elements customers come
across when interacting with your business. Restaurant building, seating, and
ambiance are the physical evidence for your dine-in restaurant. For your food delivery
service, evidence will include your website or mobile app. An easily navigable
website or mobile app that is well designed, loads quickly, and supports multiple
methods,
People
such as using reusable or organic materials, will make your brand stand out. Your
delivery personnel’s uniform is also physical evidence. It can make your brand
People or human resources are your most valuable asset. Their manners, attitude,
hospitality, and other traits will be matched/associated with those of your brand.
Thus, they play a vital role in enhancing customers’ experience. Train your
Now that your dine-in restaurant may be operating at less capacity, consider
realigning employee roles. For instance, your receptionist could take on some
delivery responsibilities. Depending on demand, you can also consider hiring part-
Time: 10:00 AM
Venue: Yakult Danone India (P) Ltd, HSIIDC Industrial Area, Rai, Sonepat,
Haryana
Students: BBA
Company Profile:-
Yakult DANONE India (P) Ltd is a 50:50 JV between Yakult Honsha, Japan and Group
DANONE of France, both of which are global pro biotic leaders. The JV was formed
in 2005 to manufacture and sell pro biotic products in the Indian market. Yakult, a
pro biotic drink was launched in India in 2007, and is presently available in Delhi, NCR,
Chandigarh, Punjab, Jaipur, Mumbai, Pune and Bangalore. Yakult is manufactured at
an ISO 9001 : 2008 and HACCP certified manufacturing facility in Sonepat, Haryana.
As a pioneer in pro biotic, Yakult has formidable research capabilities and product
technologies in the field of pro biotic. Yakult Central Institute for Microbiological
Research has for years researched the use of intestinal bacteria as a factor in health
maintenance, conducting a wide range of studies on the benefits of microorganisms
in Japan. In India too, Yakult Danone (joint venture of France and Japan) India is
working actively to build awareness about pro biotic and contribute to a healthier
society. Yakult’s benefits have been scientifically established through years of
research and 30 million people in 32 countries drink Yakult every day.
Yakult Danone India Pvt. Ltd. was awarded the jury award for Emerging Company of
the Year in 2011 from Frost & Sullivan. This Award signifies the company's
identification of solutions with long-term sustainability as a final objective, while
presenting tremendous market potential simultaneously. Moreover, the Award also
signifies that the company's overall business strategy is sound and poised for
success.
Objective:-
MANUFACTURING
INDUSTRY
AUTOMOBILE INDUSTRY
The early 1900s boomed with various types of motorized vehicles being
developed around the world. In the United States Ransom E. Olds and his
Olds Motor Vehicle Company (later known as Oldsmobile) dominated
this era of automobile production. As a result of superior promotional
and marketing efforts, sales of the Oldsmobile approached 5,000 in
1904 which, at the time, was unheard of in the industry. The Thomas B.
Jeffrey Company developed the world’s second mass-produced
automobile called the Rambler. In 1902, 1,500 Ramblers were built and
sold, and by 1904 production reached 2,342 units.
Perhaps the most famous car of all time is Henry Ford’s Model T. In
order to keep costs low, Ford focused efforts on improving production
methods. His moving assembly line began operation in 1913-1914
making it possible to lower the cost of the Model T and, as a result,
increase sales and potential customers. In response to consumer
demands manufacturers have reinvented the automobile numerous
times over.
From the development of anti-lock braking systems, to hybrid vehicles,
to the first highway-capable all electric vehicle, the automobile industry
continues to create, innovate and transform the way we live. To read
more about this fascinating industry, take a look at these books, ebooks
and DVDs:
Cars and Trucks: This is the primary product of the automobile industry,
including passenger cars, commercial vehicles, SUVs, trucks, and buses.
Spare Parts and Accessories: Automobile manufacturers and aftermarket
suppliers provide spare parts and accessories for vehicles. These include
engine parts, brakes, tires, audio systems, and navigation systems.
Maintenance and Repair Services: Automobile companies and independent
service providers offer maintenance and repair services for vehicles. This
includes routine maintenance, repairs, and upgrades to improve the
performance and longevity of a vehicle.
Leasing and Financing: Many automobile companies offer leasing and
financing options to help consumers purchase or lease their vehicles. This
can include competitive interest rates, flexible payment plans, and other
incentives to help consumers make a purchase.
Insurance: Automobile insurance companies offer a range of insurance
products for vehicles. This includes comprehensive coverage, liability
insurance, collision coverage, and more.
Fuel and Charging Stations: As vehicles require fuel or electric charging to
operate, the automobile industry provides fuel and charging stations to
consumers. These stations are often owned and operated by energy
companies or automobile manufacturers.
Ride-Sharing and Car-Sharing Services: In addition to traditional car sales and
leasing, many automobile companies are now offering ride-sharing and car-
sharing services. This allows consumers to rent or share vehicles for short
periods of time, providing an alternative to traditional car ownership.
New Business Models: The automobile industry may also see the emergence
of new business models, such as data-driven services, predictive maintenance,
and new financing models. These developments could change the way the
industry operates and create new opportunities for businesses.
Unit-5
Trade Organization
(ITPO)
India Trade Promotion Organization
(ITPO)
Phone: (9111)23371540
Fax: (9111)23378142
E-Mail: [email protected]
Mrs.
HemaMaity Col.
Pushpam Kumar, SM
General Manager Officer on Special Duty
History
India Trade Promotion Organisation (ITPO) was incorporated by merger of Trade
Development Authority (TDA), a Registered Society under Ministry of Commerce &
Industry, with Trade Fair Authority of India (TFAI) with effect from 1 January 1992.
India Trade Promotion Organisation (ITPO) harks back to India's golden past while
aspiring for a promising future.
The ITPO emblem has been derived from an inscription on a gold coin belonging to
the era of the ancient ruler, Samundragupta ( circa 330-380 A.D.) symbolising the
zenith achieved in external trade.
The vertical and horizontal strokes in the symbol represent life and prosperity.
ITPO is, today, committed to continue the trend and recapture the excellence
achieved by our forebears in the areas of trade and commerce.
The ITPO emblem has been derived from an inscription on a gold coin belonging to
the era of the ancient ruler, Samundragupta ( circa 330-380 A.D.) symbolising the
zenith achieved in external trade. The vertical and horizontal strokes in the symbol
represent life and prosperity.
Mision
Its mission is to promote, facilitate, encourage and coordinate various activities
and programmes to enhance India's share of exports. ITPO provides a wide
spectrum of services to trade and industry and acts as a catalyst for growth of
India's trade and commerce.
Vision
To be a leader amongst world class Trade Promotion Organisations, leveraging
India's strengths internationally. Rapid growth in India's share of global trade and
investments, quality of services and customer satisfaction is to be the touchstone of
our success.
Objectives
The Committee observed that the efforts made towards trade promotion by ITPO are
to general in nature and fail to provide a cutting edge to exporters. The
recommendations of the Committee are:
Foreign offices: The Committee felt that the decision of closing its foreign
offices by ITPO should be reconsidered since the employees stationed at
these offices provided valuable trade data and forged useful links in those
countries.
Export Promotion Councils (EPC): The Committee noted that the role of ITPO
in export promotion has definitely reduced because of EPCs, which are
exclusively focused on trade promotion for a particular sector. The
Committee recommended that ITPO be more proactive in finding new
markets for trade promotion and that ITPO’s mandate be redefined to
dedicate its services exclusively for trade promotion of the Micro, Small and
Medium Enterprises sector.
Organiser of fairs: The Committee was of the opinion that ITPO focused more
on its role as organiser of exhibitions and less on promotion of exports and
trade. It noted that, in the exhibitions, the number of foreign exhibitors and
visitors is very low, and recommended that ITPO make efforts to increase
foreigner footfall.
Rental charges: The Committee noted that the rental charges for Pragati
Maidan, the biggest exhibition space in India and operated by ITPO, are the
highest in the world. The Committee felt that this high cost reduces the
organiser’s investment in visitor promotion, and ITPO should consider
rationalising rentals.
Purpose
India Trade Promotion Organisation (ITPO) is a nodal trade promotion agency of the
Government of India. It has been charting a multi-dimensional course for itself in
conformity with its mandated role. Since its inception in 1992 and prior to that in its
earlier incarnations of Trade Fair Authority of India (TFAI) and Trade Development
Authority (TDA), ITPO has for well over three decades, played a multi-faceted role in
bringing out the strengths of the Indian economy and giving a thrust to the country's
exports as a premier export promotion organization.
https://www.zomato.com/who-we-are
https://en.wikipedia.org/wiki/Zomato
https://en.wikipedia.org/wiki/India_Trade_Promotion_Organisa
tion
https://indiatradefair.com/information/details/itpo_profile