Products on Apex Footware Ltd

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A Report on

‘Products on Apex Footware Ltd’

Prepared for

Anika Khurshid

Course instructor of

Cost Accounting ACC 201

Faculty of BBA

Prepared by

Brother Zone

IUBAT - International University of Business and Agriculture Technology

Date of submission: 14th December, 2016

Letter of Transmittal

14th December, 2016  

Anika Khurshid

Faculty of BBA

College of Business Administration

IUBAT- International University of Business Agriculture and Technology

Subject: Submission of a Report.  

Respected Madam,  

It is a great pleasure for us to present the report titled “Products on Apex Footware Ltd”.

It was a great experience for us to work in a multi-national company and gain in-depth knowledge on Product detail. Throughout this study we tried to accommodate as much information and relevant issues as possible and tried to follow the instructions you suggested. We tried to make this report informative.  

We are grateful to you for your guidance and kind cooperation at every step of our endeavor on this report. We will remain deeply grateful if you kindly go through my report and evaluate our performance.

...................................................

On behalf of Brother Zone Group

Md Abu Sufian

ID#12302168

Student Declaration

We hereby mention that we have prepared this report on ‘Products on Apex Footware Ltd’ from our own concept and idea, after completion of long time observation in Apex Footware Ltd.

We also confirm that the report is only prepared to fulfill the academic requirement and not for any other purpose. It will not be used with the interest of any other competitor.

Acknowledgement

As part of our report for ACC 201 from IUBAT- International University of Business Agriculture and Technology have been assigned this report to reflect my learning and it is with great pleasure that I express my gratitude to following institutions and individuals. Firstly I would thank IUBAT- International University of Business Agriculture and Technologyand College of Business Administration for enlightening us of our Bachelors in Business Administration.

We would thank Jamee Ahmad Faculty of BBA College of Business Administration IUBAT- International University of Business Agriculture and Technology for providing me the proper guidance to complete the whole report. Even during times when our work seemed difficult to us, we always received proper direction after a meeting with him. My gratitude goes to Apex Footware Limited their organization which helped us a lot to learn about a highly competitive environment. We would like to thank Ms. Sharmin Sultan, Vice President, Resourcing, HR, at Robi. Wewould also like to give thanks, Ms. Serene Hasan, Specialist, Resourcing, and HR. Both of them are supportive and optimistic with us and our efforts since the day we have started. Along with that we would also like to show our heartfelt gratitude to all the members of the HR department who have always been very supportive towards us and encouraged us to work creatively.  

Finally we would like to thanks’ to the respected VC of IUBAT Prof. Dr. M Alimullah Miyan because he gave us the opportunity to study in such a beautiful university to acquire knowledge on BBA that will be very helpful for our prosperous career.

Introduction

 In 1990, Mr. Syed Manzur Elahi, the chairman of Apex group started a new venture known asApex Footwear. (Nasiruddin) In 2006, Apex Footwear Limited collaborated with Adelchi- anItalian company and changed the name to Apex Adelchi Footwear Limited (AAFL), initiating a joint venture with a new business spirit. (Nasiruddin) Apex Adelchi Footwear Limited is aleading manufacturer and exporter of leather footwear from Bangladesh to major shoe retailers inWestern Europe, North America and Japan. (apexadelchi.com, 2010)AAFL pioneered the exportof value added finished products in the leather sector of Bangladesh and is also involved in thelocal footwear retail business with the second largest shoe retail network in the country.(apexadelchi.com, 2010)AAFL has equity, technical and marketing participation from La NuovaAdelchi one of the largest footwear manufacturers of Italy. (apexadelchi.com, 2010)Public listedand traded since 1993, AAFL is professionally managed, currently employees more than 6800 persons and is in full compliance with Corporate Governance Compliance Report under section2CC of Securities Exchange Commission Notification Order. (apexadelchi.com, 2010)

Introduction of the Report

Performance appraisal has been considered as the most significant and indispensable tool of an organization. It is highly useful in making decisions regarding various personal aspects such as promotion and merit increase. Performance measures also link information gathering and decision making process which provide a basis for judging the effectiveness of personnel's functions. In the eyes of the employees, the purpose of performance appraisal system is to describe their level of performance to determine the required output from them and also to provide them constructive suggestions which eventually improves their performance. From the organization's view point, one of the most important reasons for having a system of performance appraisal is to establish and maintain the 'principle of accountability'. Performance appraisal system was started as a method for the justification of salary and wages. Every organization desires to develop a performance appraisal system, which consists of an established procedure for evaluating the work of employees on a regular basis. It is the part of the ongoing management process. Performance appraisal system was started as a method for the justification of salary and wages.