Business process of Walton Group Least of Group Members
NAME PROGRAM ID
1.AL-AMIN BBA 14102544
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6. History
WALTON is a conglomerate based in Dhaka,
Bangladesh. WALTON Group of Industries was founded by S.M Nurul Alam Rezvi in 1977 as a trading company. Over the next three decades the group diversified into steel, textiles, electronics and automobiles. Walton entered into electronics and automobiles industry in early 2000s; Since the 2000s Walton has expanded towards electronics and automobiles and these became its most important sources of income. Mission The Company desires to provide the latest technology based products with innovative design, excellent quality and many different models & capacities. In this concern, Business of Walton ensures their commitments for quality at any cost Vision: Its vision is to lead through innovation, technology and product that inspire consumers with aspiration for creating a better world full of digital experiences. WALTON wants to be recognized as a global leader delivering products with pride in this industry through excellence Background of the study The business world has been changed in a high extent than ever before and there is no doubt that it will continue more rapidly .It is characterized by increasing competition from both domestic and foreign companies. To cope up with this competitive globalized business world every person should have professional and technical skills with Objective of the Study The main objective is to have an assessment about overall activities of Business process of WALTON a concern of RB group and how they play an important role for maintaining a balanced and a fair corporate governance overall the organization Specific Objectives
To understand the basic structure of
development of WALTON group. Get introduced with the department and the conception of Business process. To observe the effectiveness of Business process Department. Scope of the Report The scope of this report will be limited to the overall description of the company organizational structure, Business policies, operational plan, and a survey opinion on WALTON group. This report has been prepared through extensive discussion with the quality control department and production department. While preparing this Limitations: The main constraint of the study is inadequate access to information, which has hampered the scope of analysis required for the study. It was unable to provide some formatted documents data for the study. Due to time limitations, many of the aspects could not be discussed in the present report. Methodology The study input were collected from two source: 1. Primary Sources 2. Secondary Sources Organizational Structure 16000 employees are currently working in the WALTON group. According to the organizational chart there are five hierarchical levels at the corporate level. Managing Director (MD) Human Resource Managers Marketing Manager Finance Manager Production Manager Quality Manager Administrator Manager Product & service types Product & service types Product & service types Product & service types Organizational Culture The top Business of the WALTON tries to follow the prescribed culture of the organization. WALTON has formal and documented values that are communicated to all the employees CSR of the organization Keeping in mind the fact that it is one of the largest beverage companies in Bangladesh, WALTON said it had made CSR an integral part of its corporate agenda. The company used large amounts of water and energy in its beverage production ENERGY Reducing energy consumption and emission of GHGs by such as refrigeration Freshmen cooler that used technologies devoid of hydro fluorocarbons GHG emission reduced by three- fourths increase the energy efficiency of its equipment by 40 to 50% Packaging and recycling Packaging framework that aimed at recycling Collected the companys packaging material consisting of paper, plastic, etc. after they were disposed. ECONOMIC RESPONSIBILITIES Played an active role in providing employment and giving the community opportunities to expand and grow For every job in the Walton group, 2 more jobs were created indirectly Strength & Weakness 1.Strengths: A. Wider product range. B. Strong local presence. C. Quality products at low price. D. Using advance high-technology. 2.Weaknesses: A . Lack of skills men power. B . Shortage of accessories C . Low quality hardware. D . Customer service. Recommendation
According to the opinion of most of
the dealers, it is assumed that Walton is in the third or fourth position in the market. So in order to exist in the market for a long time and to acquire the first position, Walton should take some pragmatic steps. Quality products have to be introduced, customer services has to be very prompt, good relation should Conclusion
The company has been running its
business with good reputation since 177. Establishment of Walton HIL to manufacture Refrigerator & Freezer, Air Conditioner, and motorcycle etc. in Bangladesh is a milestone in the path of success .and reputation of the brand WALTON Any Question