Transcript
Company profile:
Background and Inception:
Harvest group was founded to provide the best possible, indices and stock trading experience for
online trade. Harvest group is backed by a large financial group of companies with over US $ 16
billion in assets under management.
Harvest group is takes pride in its stringent management control as far as its business
infrastructure goes. Utilizing its subsidiary companies or strategic alliances of Harvest
International Consortium Ltd. in Hong Kong and in Indonesia and Harvest Futures Consultants
India Pvt. Ltd, to provide paramount global financial advice network to our clients.
Harvest group was established in 2003. Harvest Group has a worldwide operation network
reaching 8 countries and 40 regions. USA Indonesia ,INDIA, Hong Kong , china, Vietnam,
Brunei, Malaysia, Philippines, Singapore, Taiwan, Laos and Thailand employing more than
1300 staffs to serve the global demanding market in financial services.
Harvest Group has built a strong team in the area of marketing in order to provide our clients
professional services as well as customer support. From senior management, seasonal financial
consultants, state of art trading platform as well as professional customer services team. Harvest
Group is dedicated in providing our clients the fastest, best possible financial service.
Harvest offer the long range of trading technology, featuring the powerful, MT4 (Meta Trading
4) station for individual traders and multi account platforms for asset, and PDA and Smartphone
solutions for trading on the move.
Nature of business carried:
Harvest is a financial service providing company it operates globally. Harvest group has various
business activities like
1. Information & Training Centre
2. Futures Contract Transactions
3. Foreign Exchange Trading
4. Index Trading
5. Commodity Bullion Trading
VISION AND MISSION:
Vision:
To become most credible Future broker globally with the widest portfolio of financial
products that serves the clients globally, investing and transacting in Futures Exchange,
especially with major commodity products and Foreign Exchange.
Mission:
To give most credible advice to individual investors, on potential investment
opportunities in Future Exchange, balancing risk and profitability.
To educate the investing public on Futures Exchange and provide the complete
understanding so that they may exploit the maximum benefits.
To engage with all the stakeholders and help create an organized Futures Exchange that
is credible and transparent while promoting healthy and fair competition.
Service profile:
The Harvest group is basically a financial service provider. It provides the various services as
follows.
1. Information & Training Centre
2. Futures Contract Transactions
3. Foreign Exchange Trading
4. Index Trading
5. Commodity Bullion Trading
Area of operation
Harvest group was established in 2003. Harvest Group has a worldwide operation network
reaching 8 countries and 40 regions. USA Indonesia ,INDIA, Hong Kong , china, Vietnam,
Brunei, Malaysia, Philippines, Singapore, Taiwan, Laos and Thailand employing more than
1300 staffs to serve the global demanding market in financial services.
In India harvest group operates mainly in Bangalore, Delhi, and Chennai.
Harvest group has channel partners in India at various places i.e. New Delhi, Mangalore
(Karnataka), Vijayawada (Andhra Pradesh), Chandigarh
Ownership pattern:
“The Company” shall mean HARVEST FUTURES CONSULTANTS INDIA PVT. LTD
“Board” shall mean the Board of Directors of the Company.
“Board Members” shall mean the Members on the Board of Directors of the Company.
“Executive Directors” shall mean the Board Members who are in whole-time employment of the
company.
CORPORATE INFORMATION
DATE OF INCORPORATION : 18th November 2009
REGD.OFF : Harvest Futures Consultants India Pvt.Ltd
#17 "Park View", Curve Road, Tasker Town
Bangalore-560051
Karnataka, India
BUSINESS ACTIVITIES : Advisory Consultancy Analysis CFD
EXECUTIVE DIRECTOR : Mr. Richard Tai Swee Keong (Malaysia)
BUSINESS DIRECTOR : Mr.Rajendran Pillai (Singapore)
DIRECTOR : Mr.Naveen Kumar H.M (India)
ADVOCATE : Chambers of Jayashri Mural
303,3rd Floor, Commerce House,
Millers Road, Bangalore-560052
AUDITOR : C.P Ethirajan
#38,1st Floor, Nehru Circle, Sheshadripuram
Bangalore-560020
COMPANY SECRETARY : S.P NagarajanS-818,8th Floor, South Block-Manipal centre
47, Dickenson Road, Bangalore-560042
Infrastructure facilities.
The branches of the Harvest company are computerized and all transactions of trading
done with ease of operation
Telephone
Intranet and internet
Conference room
Training room
Help line : knowledge about trading and marketing.
Company e-mail
For each and every employee and advisors of the company will get their personal I
D where in they are recognized as the part of the Harvest and update things ,
Like perk, commission account, keep in track of target.
Achievements and Awards:
End to end process:
End to end process involves various steps:
Data gathering:
This is the first step which involves collection of data pertaining to the telephones numbers.
Tele calling:
Tele calling involves picking the numbers and making the calls with proper communication
skills.
Fixing appointments:
Data gatthering
tele calling
fixing appointment
explaining about currency trading and
forex
following interested investors
trading the clients account
Through proper communications, the employee will convince the person on telephone and
convince the people who are interested and fixing the appointment for the interested people.
Explanation about currency trading and forex.
The employee (business consultant) will communicate with customer and explain about rules and
regulation of the trading and also about the company.
Following interested people:
The company will follow the interested people for few days. Try to open the account as soon as
possible.
Opening the open:
When the person is ready to invest the money in the forex, the account is opened in the bank.
Trading are carried down.
Trading the account:
Once the account has been opened the client or the portfolio manager of the company will trade
the account with proper knowledge about the market. The all transactions are done through the
account. If the client is unable to trade, then behalf of the client the portfolio manager will trade
the account.
Mc Kensey’s 7 S Frame Work
The McKinsey 7S model involves seven interdependent factors which are categorized as either
"hard" or "soft" elements:
"Hard" elements are easier to define or identify and management can directly influence them:
These are strategy statements; organization charts and reporting lines; and formal processes.
"Soft" elements, on the other hand, can be more difficult to describe, and are less tangible and
more influenced by culture. However, these soft elements are as important as the hard elements
if the organization is going to be successful.
Hard Elements Soft Elements
Strategy
Structure
Systems
Shared Values
Skills
Style
Staff
Strategy:
Strategy refers to the determination of the purpose and the basis long term objective of an
enterprise and the adoption of course of action and allocation of resources necessary to achieve
these aims.
Harvest aims at higher profitability through customer satisfaction and bringing awareness
about the forex market. Maximizing the investor’s wealth in short duration of time.
Structure:
It represents the way the organization is structured and who reports to whom. Business needs to
be organized in a specific form of shape that is generally referred to as organizational structure.
Organizations are structured in a variety of ways, dependent on their objectives and culture. The
structure of the company often dictates the way it operates and performs.
Harvest has a well-build organization structure as:
Corporate office
Regional office
Branches
The head of the branch (Director) come down and assist the portfolio manager to perform well
various activities of the company and managers assist assistant portfolio managers and last stage
in the structure is business consultants.
SYSTEMS:
Systems define the flow of activities involved in the daily operation of business, including its
core processes and its support systems. They refer to the procedures, processes and routines that
are used to manage the organization and characterize how important work is to be done.
Harvest group’s systematic framework stands for rules and regulations, procedure and practices
that must followed to carry out tasks in the organization. These include the formal system
procedure of using intranet facility being the whole organization is computerized.
The flow of decision is from the top level directors through managers to business consultants.
STYLE:
“Cultural style, distinct management and how key managers behave in achieving the
organizational goal”. It includes the dominant values, beliefs and norms which norms which
develop over time and become relatively enduring the features of the organizational life.
Harvest follows participative style.
Harvest take collective decision at all levels of the management.
Leadership style: participative or democratic
STAFF:
“Organization are made up of humans and its people who make the real difference to the success
of the organization in the increasingly knowledge based society”
The harvest has very efficient and multi skilled employees who has the strength and complete
knowledge about banking activities and flexibility to work in different departments.
SKILLS:
“Distinct capabilities of personnel and organizations as a whole”
Managerial skill
Computer skill
Inter personal skill
Creative and innovative skill.
SHARED VALUES:
Shared values are the core values of the company that are evidenced in the corporate culture and
the general work ethic. All members of the organization share some common fundamental ideas
or guiding concepts around which the business is built. The shared value or super ordinate goal
of the company is to achieve excellence in a particular field. These values and common goals
keep the employees working towards a common destination as a coherent team and are important
to keep the team spirit alive.
Consider the employees as the key recourses of the organization and provide
assistance.
Customer satisfaction rather than profit maximization.
SWOT ANALYSIS OF HARVEST FUTURES CONSULTANTS PVT. LTD.
SWOT analysis is an acronym for the internal strengths and weaknesses of a firm and the external
opportunities and threads facing that firm. SWOT analysis helps managers to have quick
overview of the firm’s strategic situation and assess whether there is a sound ‘fit’ between
internal resources, values and external environment.
STRENGTHS:
1. Good working Environment
2. No competition.
3. Skillful employees.
4. Led by the dedicated and expertise focused professional.
5. Efficient trading with live, executable prices with instant trade confirmation
6. High liquidity.
7. Advanced analysis tools.
8. Real-time account risk management.
9. Metatrader4based platform.
WEAKNESSESS:
1. Lack of expertise in trading
2. Inaccessibility to innovative product or services that can assist you.
3. Emotional instability
OPPORTUNITIES:
1. A developing market such as the Internet.
2. Competitive market full of brokers
3.Moving into new trading strategies that offer increased profits with less cost and time saver e.g.
auto pilots or robots
THREATS:
1. The ever emerging Internet market.
2. Lack of guidance on choice of broker.
3. Accessibility to tested and trusted forex auto trader (robot)
4. Emotional instability.
5. Constancy of power supply- this is a serious threat because to auto trade your PC must be on
24/7.
The application of the SWOT analysis is however subjective, that is, results cannot be
generalized because individual differences has a role to play in the final result.
LEARNING EXPERIENCE:
Learning is a continuous process by which we acquire the knowledge that we apply to our future
endeavor. The university has given me an opportunity to learn many aspects pertaining to the
working of the organization. The objective of the project is to study the structure, style, system,
skills, strategy, staff, shared values and functioning of the organization. The theoretical study of
the management practices will not offer a useful insight if not supplemented by practical
exposure.
The Project work at Harvest Futures Consultants Private Limited exposed me to the
management practices. The strategy studied in theory in a controlled environment will fail to
deliver in the actual business scenario. Hence this study taught me that firms have to thrive iin
harsh market realities and even the best of the strategies may be ineffective.
It was an enriching experience to work in Futures Consultants Private Limited. It gave me an
good exposure where I acquired the practical knowledge about the overall functioning of the
organization. The project work has given me an opportunity to study the currency trading in the
global market and also how to manage the risk while trading. The project provided an
opportunity to relate theoretical aspects in working environment concepts such as delegation of
authority, reporting, services etc.
Constant growth and innovation trading and customer satisfaction has made Harvest group what
it is today. It helped me realize that any organization cannot be complacent with its current
position. It has to continuously innovate and come out with new ideas.
The interaction with the employees and customers gave me an insight and a firsthand experience
of the organizational scenario and has indeed widened my horizon of knowledge. The disciplined
friendly and supportive working environment leads to higher productivity, all the staff works in a
highly disciplined atmosphere.
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