[/i][/b]
Leadership[/i][/b]
How to lead a family-owned business?[/i][/b][/i][/b]
By
Shikha Kapoor (Roll No.147)
(MHRDM First year 2009 -2012)
Date of Submission: 19.12.2009
MET Institute of Management, Bandra
[/b]
Acknowledgement[/b]
[/b]
I would like to thank Mr. R. K. Kapoor and Mr. Sunil Kapoor for his time and guidance. They were very supportive and helped me to get all the information required.
Index[/b]
ü Objective[/i][/b]
ü Company Profile[/i][/b]
ü Data Collection[/i][/b]
ü Data Result & Inference[/i][/b]
ü Conclusion[/i][/b][/b]
[/i][/b]
[/i][/b]
Objective[/b]
The topic I chose for my project is Leadership[/b]. My objective for this project was to study an established family-owned business and to decide which leadership style works best in a family-owned business.
In the past several decades, management experts have undergone a revolution in how they define leadership and what their attitudes are toward it. They have gone from a very classical autocratic approach to a very creative, participative approach. Somewhere along the line, it was determined that not everything old was bad and not everything new was good. Rather, different styles were needed for different situations and each leader needed to know when to exhibit a particular approach.
Three of the most basic leadership styles are:
1. Autocratic
2. Democratic or Participative
3. Free-Rein Leader
The aim of my study was to decipher which was the existing leadership style in the company and decide whether to append it or not.
Company Profile[/b]
ARKE SYNTHETICS PVT. LTD. are manufacturers of an exclusive range of fabrics, shirtings and suitings. We have a hard working staff which works for the betterment of our company and produce quality products.
Shri Radhakishan Kapoor had started his career in the Textile industry after qualifying himself as an Textile Engineer in processing. He worked in various capacities from a technician to Plant Manager in different textile plants located in and around Mumbai. After gaining rich experience he started his own textile factory in 1963 and now manages a group of companies/firms.
There are advanced facilities for convenient transportation, easy telecommunications and complete data storehouse that meet your every needs. We can arrange delivery of specific requirement at short notice.
The ARKE team constantly strive to attain maximum satisfaction of your needs as well as end user.
Our Production Capacity
1. DAILY PRODUCTION ON 31 SHUTTELESS LOOM : 3,500.00 MTRS. PER DAY
2. MONTHLY PRODUCTION : 1,05,000.00 MTRS
3. MONTHLY PRODUCTION ON 46 POWER LOOMS : 50,000.00 MTRS. APPROX
Products Range
1. Manufacturer of quality shirting and suiting.
2. Running all sorts of yarn qualities Polyester, Cotton & Blends etc.
The Directors of the Company are:
· Mr. R. K Kapoor (Managing Director)[/i][/b]
Supervision of all departments like Finance, Admin, Sales, etc
· Mr. Sunil Kapoor (Director Sales & Purchase)[/i][/b]
Handles Purchase of Raw Material and Selling of cloth.
· Mr. Sushil Kapoor (Admin)[/i][/b]
Handles Recruitment.
· Mr. Shivam Kapoor (Technical)[/i][/b]
Data Collection[/b]
For this project, I used the Questionnaire Method for data collection. Using this method, I got the following data.
Direction:
This questionnaire contains statements about leadership style beliefs. Next to each statement, circle the number that represents how strongly you feel about the statement by using the following scoring system:
Almost Always True - 5
Frequently True - 4
Occasionally True - 3
Seldom True - 2
Almost Never True – 1
[/list]
Questions:
Almost Always True
Frequently True
Occasionally True
Seldom True
Almost Never True
1.
I always retain the final decision making authority within my department or team.
5
4
3
2
1
2.
I always try to include one or more employees in determining what to do and how to do it. However, I maintain the final decision making authority.
5
4
3
2
1
3.
I and my employees always vote whenever a major decision has to be made.
5
4
3
2
1
4.
I do not consider suggestions made by my employees as I do not have the time for them.
5
4
Leadership[/i][/b]
How to lead a family-owned business?[/i][/b][/i][/b]
By
Shikha Kapoor (Roll No.147)
(MHRDM First year 2009 -2012)
Date of Submission: 19.12.2009
MET Institute of Management, Bandra
[/b]
Acknowledgement[/b]
[/b]
I would like to thank Mr. R. K. Kapoor and Mr. Sunil Kapoor for his time and guidance. They were very supportive and helped me to get all the information required.
Index[/b]
ü Objective[/i][/b]
ü Company Profile[/i][/b]
ü Data Collection[/i][/b]
ü Data Result & Inference[/i][/b]
ü Conclusion[/i][/b][/b]
[/i][/b]
[/i][/b]
Objective[/b]
The topic I chose for my project is Leadership[/b]. My objective for this project was to study an established family-owned business and to decide which leadership style works best in a family-owned business.
In the past several decades, management experts have undergone a revolution in how they define leadership and what their attitudes are toward it. They have gone from a very classical autocratic approach to a very creative, participative approach. Somewhere along the line, it was determined that not everything old was bad and not everything new was good. Rather, different styles were needed for different situations and each leader needed to know when to exhibit a particular approach.
Three of the most basic leadership styles are:
1. Autocratic
2. Democratic or Participative
3. Free-Rein Leader
The aim of my study was to decipher which was the existing leadership style in the company and decide whether to append it or not.
Company Profile[/b]
ARKE SYNTHETICS PVT. LTD. are manufacturers of an exclusive range of fabrics, shirtings and suitings. We have a hard working staff which works for the betterment of our company and produce quality products.
Shri Radhakishan Kapoor had started his career in the Textile industry after qualifying himself as an Textile Engineer in processing. He worked in various capacities from a technician to Plant Manager in different textile plants located in and around Mumbai. After gaining rich experience he started his own textile factory in 1963 and now manages a group of companies/firms.
There are advanced facilities for convenient transportation, easy telecommunications and complete data storehouse that meet your every needs. We can arrange delivery of specific requirement at short notice.
The ARKE team constantly strive to attain maximum satisfaction of your needs as well as end user.
Our Production Capacity
1. DAILY PRODUCTION ON 31 SHUTTELESS LOOM : 3,500.00 MTRS. PER DAY
2. MONTHLY PRODUCTION : 1,05,000.00 MTRS
3. MONTHLY PRODUCTION ON 46 POWER LOOMS : 50,000.00 MTRS. APPROX
Products Range
1. Manufacturer of quality shirting and suiting.
2. Running all sorts of yarn qualities Polyester, Cotton & Blends etc.
The Directors of the Company are:
· Mr. R. K Kapoor (Managing Director)[/i][/b]
Supervision of all departments like Finance, Admin, Sales, etc
· Mr. Sunil Kapoor (Director Sales & Purchase)[/i][/b]
Handles Purchase of Raw Material and Selling of cloth.
· Mr. Sushil Kapoor (Admin)[/i][/b]
Handles Recruitment.
· Mr. Shivam Kapoor (Technical)[/i][/b]
Data Collection[/b]
For this project, I used the Questionnaire Method for data collection. Using this method, I got the following data.
Direction:
This questionnaire contains statements about leadership style beliefs. Next to each statement, circle the number that represents how strongly you feel about the statement by using the following scoring system:
Almost Always True - 5
Frequently True - 4
Occasionally True - 3
Seldom True - 2
Almost Never True – 1
[/list]
Questions:
Almost Always True
Frequently True
Occasionally True
Seldom True
Almost Never True
1.
I always retain the final decision making authority within my department or team.
5
4
3
2
1
2.
I always try to include one or more employees in determining what to do and how to do it. However, I maintain the final decision making authority.
5
4
3
2
1
3.
I and my employees always vote whenever a major decision has to be made.
5
4
3
2
1
4.
I do not consider suggestions made by my employees as I do not have the time for them.
5
4