Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
NO
1
ON
SUCCESSFULL ENTERPNEUR IN INDIA
OF
ENTERPNEURSHIP
AND
MANAGING SMALL MEDIUM BUSINESS
Submitted to:
Mr.Ajwinder Dhillon
Submitted by:
Anmoldeep
(Assistant prof)
Roll no-141356
MBA 4C
INTRODUCTION
During post-independence era, entrepreneurship has begun to grow faster. The
Government of India has spelt through industrial policy statements steps for rapid
and balanced industrialization of the country. The government recognizes the vital
role of the private sector in accelerating industrial development especially after the
economic liberalization in 1991. The government pursues the following objectives:
1.To maintain a proper distribution of economic power between public and private
sectors.
2.To disseminate the entrepreneurial acumen concentrated in a few dominant
communities to a large number of industrially potential people of varied social
strata.
3.To encourage the spirit of industrialization by spreading entrepreneurship from
the existing centres to other cities, towns and villages.
4.To achieve the above objectives the government has decided to encourage the
development of small scale units. It provides various incentives and concessions to
SSI in the form of capital, technical know-how, markets and land to establish
industrial units particularly in the backward areas of the country.
The scope of entrepreneurship development in country like India is tremendous.
Especially since there is widespread concern that the acceleration in GDP growth
in the post reforms period has not been accompanied by a commensurate
expansion in employment. Results of the 57th round of the National Sample
Survey Organization (NSSO) show that unemployment figures in 2003-04 were as
high as 8.9 million. Incidentally, one million more Indian joined the rank of the
unemployed between 2005-06 & 2007-08. The rising unemployment rate (9.2%
2008 est.) in India has resulted in growing frustration among the youth. In addition
there is always problem of underemployment. As a result, increasing the
entrepreneurial activities in the country is the only solace.
REFINERIES
Digboi Refinery, in Upper Assam, is India's oldest refinery and was
commissioned in 1901. Originally a part of Assam Oil Company, it became
part of IndianOil in 1981. Its original refining capacity had been 0.5
MMTPA since 1901. Modernisation project of this refinery has been
completed and the refinery now has an increased capacity of 0.65 MMTPA.
Guwahati Refinery, the first public sector refinery of the country,
INTERNATIONAL RANKINGS
Indian Oil is the highest ranked Indian company in the prestigious Fortune Global
500 listing, the 116th position(in 2008) based on fiscal 2007 performance. It is also
the 18th largest petroleum company in the world and the number one petroleum
trading company among the National Oil Companies in the Asia-Pacific region.
IOCL was featured on the 2008 Forbes Global 2000 at position 303.
AWARDS
Indian Oil received the Gold Trophy of SCOPE Meritorious Award for
Corporate Governance for the year 2012.
Indian Oil was awarded the prestigious ICSI National Award 2012 for
excellence in Corporate Governance instituted by Institute of Company
Secretaries of India.
International Financing Review Asia (IFR Asia), one of the most coveted
capital markets agencies in Asia, awarded the Indian Capital Market Deal of
the Year 2012 to Indian Oils Singapore Dollars (SGD) denominated long
term bonds and included the deal in its Roll of Honour for 2012.
Dun & Bradstreet, the worlds leading source of global business information
has awarded Indian Oil with the Corporate Award 2012 in the Oil - Refining
and Marketing sector.
Indian Oil became the highest ranked Indian company (88th) in the
prestigious Fortune Global 500 listing. The Company also topped the
Financial Express 500, Economic Times 500 and Fortune India 500 listings.
Indian Oil has also featured in the top 100 of the Plats Global ratings (Rank
82), Business India Super 100 companies (Rank 8), BW Real 500 (2nd
biggest company) and Forbes Global 2000 (Rank 4 among Indian
companies)
Indian Oil swept the Petro Fed awards by emerging winner in four
categories Leading Oil & Gas Corporate of the Year, Oil & Gas - Marketing
Company of the Year, Project Management- Company of the Year and
Women Executive of the Year in Oil & Gas sector.
Indian Oils household brands SERVO and Indane have been voted
Consumer Super brands for the year 2012. SERVO also retained its Master
Brand status by winning it at the World Brand Congress.
Indian Oil bagged the second prize in the Best Enterprise (Maharatna/
Nirvana) category by Women in Public Sector. Indian Oil also won Best
Women Employee awards in Officer and Non-Officer category.
LOYALTY PROGRAMS
XTRAPOWER Fleet Card Program is aimed at Large Fleet Operators. Currently it
has 1 million customer base. XTRAREWARDS is a recently launched loyalty
program for retail customers where customers can earn reward points on their
purchases.
COMPETITORS
Indian Oil Corporation has two major domestic competitors, Bharat Petroleum and
Hindustan Petroleum. Both are state-controlled, like Indian Oil Corporation. There
are two private competitors, Reliance Petroleum and Essar Oil.