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CONTENTS:
Group
Logo………………………………………………………………………………………………
………3
Group
Introduction……………………………………………………………………………………
……...4
Acknowledgment...............................................................................................
......................................6
Dedication ........................................................................................................
..........................................7
Research
Methodology………............................................................................................
...................8
Limitations ........................................................................................................
.........................................8
Executive
Summary…………………………………………………………………………………………
...9
Ibrahim fiber limited Page 2
Business Communication
Introduction ......................................................................................................
.......................................10
Vision &
Mission……………………………………………………………………………………………
….11
Ibrahim
businesses………………………………………………………………………………………
…..12
Milestones………………………………………………………………………………………
………………..13
Chairman’s
message…………………………………………………………………………………………
14
Introduction to
communication…………………………………………………………………………16
Communication in
IFL……………………………………………………………………………………….16
Importance of
communication…………………………………………………………………………...17
Purpose of
communication………………………………………………………………………………..
17
Channels of
communication………………………………………………………………………………
21
Centralized/de-
centralized………………………………………………………………………………..22
Group Name:
“VERVE”
Verve Members:
Name: Mohammad Ali
Roll # 19
Contact # 0300-8656543
E-mail: mohammadali442@yahoo.com
Education: B.com from Punjab University
Ibrahim fiber limited Page 5
Business Communication
ACKNOWLEDGMENT
successfully. First of all we would like to thank our Allah Almighty who really
helps us in every problem during the project. We would like to express our
sincere and humble gratitude to Almighty who’s Blessings, help and
guidance has been a real source of all our achievements in our life.
We would like to admit that we completed this project due to parents who
pray for our success.
Last but not the least our team efforts, support, cooperation and
encouragement showed by
DEDICATION
RESEARCH METHODOLOGY
The research techniques that are adopted for the purpose of this study are
as follows:
Formal Interview
General Manager
Email- Jawaid@igcpk.com
Tel 9241-2617836-41
Internet search
• www.igcpk.com
Limitation
One of the major limitations while carrying out this research was the lack of
cooperation
Executive Summary
Today the world is defined by the term 'Information Age.' All businesses,
both large and small, require effective and efficient business communication
solutions in order to continuously meet their customer expectations and
attain a competitive advantage, and therefore are successful. Whether a
company is large or small it is realized that, the right amount of financing,
materials, talent, and experience are not enough to succeed without a good
communication system in place that enables smooth transaction sealing.
Communications is at the heart of regional and international integration.
The “IBRAHIM FIBER LIMITED” started with a cloth trading business in the
industrial city of Faisalabad. Late Haji Sheikh Mohammad Ibrahim, founder of
the Ibrahim Group.
The Mission Statement Is “To build the company on the sound financial
footing with better productivity, excellence in quality and improved
efficiency at lower operating costs by utilizing blend of state of the art
technologies”. Ibrahim Group acquired Allied Bank Limited, one of the five
largest commercial banks in Pakistan under the scheme of re-construction of
the Bank’s capital undertaken by The State Bank of Pakistan. The objective
of IFL is profit earning & growth through effective communication.
Ibrahim build strong culture & discipline character. Have Friendly environment
within organization & professional outlook that shows their good repute & image.
Ibrahim industry has strong interdepartmental communication. In Future
Ibrahim Fiber Limited enhance their communication patterns & implement IT technology to
enhance effective communication.
INTRODUCTION:
The group started with a cloth trading business in the industrial city of
Faisalabad. Late Haji Sheikh Mohammad Ibrahim, founder of the Ibrahim
Group, settled in Faisalabad after partition of India in 1947 and re-
established his ancestral business of cloth trading by the name of “Ibrahim
Agencies”. What is known in business today as Ibrahim Group with
diversified business interests from Spinning to PSF, Financial Institutions to
Banking and Energy, started off as a mere cloth trading agency just half a
century ago.
It was middle of the fifties, when Sheikh Mukhtar Ahmed, present Chairman
of the group, joined in this family business. It was then, that he took initiative
to integrate the business vertically upwards adding up yarn trading as an
additional line of business. Turning out to be a milestone in the future
progress, it did not take long before the group was widely reputed and
respected in marketing of cotton and blended yarns.
The Group diversified into the financial services by floating First Ibrahim
Modaraba and also established a leasing company; Ibrahim Leasing Limited.
Subsequently First Ibrahim Modaraba was merged into Ibrahim Leasing
Vision
Mission
To build the company on the sound financial footing with better productivity,
excellence in quality and improved efficiency at lower operating costs by
utilizing blend of state of the art technologies.
To accomplish excellent results through increased earnings this can benefit all
the stakeholders.
To be a responsible employer and to take care of the employees in their
career planning and reward them according to their abilities and
performance.
technology for Ibrahim Fibres Limited Polyester Plant and has also
guaranteed not only the designed capacity but the quality of finished goods
to be in compliance with world standards.
2. Textile
Spun Yarn Division of Ibrahim Fibres Limited consists of three projects;
TP1 (Ibrahim Textiles)
TP2 (AA Textiles)
TP3 (Zainab Textiles)
All these projects were operating as independent public limited companies and were listed on
stock exchanges in Pakistan till September 2000 before their merger into Ibrahim Fibers Limited.
These projects are equipped with Real Time Ring Monitoring System (RTRMS), Uster Ring
Expert, Spin Vision, and Coner Pilot for online monitoring and analyzing to facilitate production
and efficiency while maintaining quality parameters. Moreover, auto-doffing system has been
installed on the spinning and winding machines to automate the manufacturing process.
To maintain and to keep an edge we keep on adding latest machinery and technical know-how.
3. Power generation
Ibrahim Energy Limited was incorporated as a Private Limited Company on
2nd June,1991, converted into a Public Limited Company on Feb 26,1992 and
the power generation started from January 1994. Ibrahim Energy now
merged into Ibrahim Fibers Limited.
Power generating capacity of the project is 31.8 MW based on heavy fuel oil.
The plant and machinery of the project comprises of 6 furnace oil generating
sets, each having a capacity to produce 5.3 MW, supplied by Nigata
Engineering Company, Japan.
4. Financial services
Allied Bank
Milestones
Ibrahim fiber limited Page 17
Business Communication
2004
Ibrahim Group acquired Allied Bank Limited, one of the five largest
commercial banks in Pakistan under the scheme of re-construction of the
Bank’s capital undertaken by The State Bank of Pakistan. Ibrahim Group
injected equity of PKR. 14.2 billion Into the Bank against 325 million shares
of the Bank.
Major Modernization & Replacement of the Back process equipment of
Textile Plant 1 (Ibrahim Textile Mills Ltd.)
2002
The expansion unit of Polyester plant started commercial production thus
increasing the PSF production capacity from 70,000 tons per annum to
208,600 tons per annum.
2001
Four Group companies, Ibrahim Textile Mills Ltd., A.A Textiles Ltd., Zainab
Textile Mills Ld. and Ibrahim Energy Limited were merged into Ibrahim Fibers
Limited.
1996
Commissioning of the Polyester Staple Fiber plant having an annual
production capacity of 70,000 tons per annum.
1994
The Group commenced the start-up of Polyester Staple Fiber Manufacturing
Plant having a capacity to produce 70,000 tons of PSF per annum.
The Group established Ibrahim Energy Limited, a 31.8 MW power generation
plant.
1989
The Group established the third Textile spinning plant, Zainab Textile Mills
Limited, having a capacity of 38,400 spindles.
1984
The Group established the second Textile spinning plant, A.A Textiles
Limited, presently having a capacity of 40,128 spindles.
1980
The Group established Ibrahim Textile Mills Limited, a Textile spinning plant
presently having a capacity of 58,080 spindles.
Chairman's Message
We will continue to strive for excellence in all spheres of our activities and to manufacture high
quality products through the use of advanced technology in our business operations, be an
attractive organization to work with and a reliable business partner.”
1. INTRODUCTION TO COMMUNICATION
In this Field Study Report, we have discussed what is communication, channels of
communication, types of communication in an organization, interdepartmental communication in
an organization, policies regarding communication & decision making approach etc.For this
purpose we have visited and studied the functions relating to our topic of “IBRAHIM FIBER
LIMITED”.
1.1 Communication
Communication may be defined as the transfer of information from sender to receiver, with the
information being understood by the receiver. The communication function is the means to unify
an organized activity, through transfer of information from one individual to another, or from
one system to another.
According to IBRAHIM FIBER LIMITED they define communication by focusing
on three objectives
A = Attention
B= Brief
C= Clarity
The following diagram depicts the purpose and function of communication in an IBRAHIM
FIBER LIMITED organization.
Communication
External Environment
* Customers
* Suppliers
* Stockholders
* Governments
* Communities
* Others
2. Internal communication
Inside communication means giving and receiving information by all
hierarchical levels. It includes vertical communication covering downward
communication, upward communication, horizontal communication and
diagonal communication. It includes communication flowing at any
intermediate level as well as at operating level, or top management level,
because internal communication is indeed required by all who work together
in an organization to accomplish common goal.
Written messages also take many forms. At one extreme are the scribbled
notes and at the other are formal reports. Regardless of the form, written
messages have one big advantage they let us to plan and control the
message. The other advantages of written communication are that it can
provide records, references, and legal defenses when needed. Written
messages can be transmitted to a large audience through the mail or
through mass media like newspapers etc. Written communication is also
useful in maintaining uniformity in policies and procedures. However,
disadvantages of written communication are that the feedback is not
immediate, effective messages are difficult to produce if the sender is not
sufficiently skilled, and the written communication may create heaps of
paper which may become difficult to manage.
2.4 LETTERS
The medium used for written messages to persons outside the organization is the business letters.
Business letters are substitute of personal visits and paper representatives of the writer. Letters
are written for many purposes such as appointment letters, promotion letters, termination letters,
Etc. Letters are also used for downward communication. Letters are written to the customers as
well as to other external agencies like suppliers, taxation authorities, governmental regulatory
bodies etc.
2.6 MEMORANDUMS
Memorandums are in contrast to the letters which are used for routine in
day-to-day exchange of information within the organization and also for
downward communication. This medium is basically intended to
communicate to employees, the rules, regulations, and policies of the
company.
3. External communication
External communication is equally important as internal communication to
provide a link between the employees and the shareholders and other third
parties. As a matter of fact, external communication is considered as
lifeblood of the modern business. External communication can be arranged
by oral or verbal communication as well as through written media. Telex,
television, telephone, tele‐printer, transmitters, STD, ISD, and other modern
sophisticated communication technologies can be used for external
communication. Written media like letters, circulars, notices, legal notices,
newspapers, magazines, manuals, periodical reports, pamphlets etc., are
also used towards external communication.
External correspondence is mostly in written form except in extraordinary
circumstances resorting to telecommunication services. It is utmost
necessary to build attitudes, develop rapport, create confidence, win
goodwill, morale support and influence, mutual understanding by keeping
them well informed. There are many broad areas outside the organization
about which information should be communicated
Following are the channels that IFL use to communication within the
organization. The most important channel they focus to communicate is “E-
MAILS”. All work is done through E-Mails.IFL have in-house E-Mails system
that is directly connected with Karachi & Lahore. This E-mail system is design
by their I.T department who is responsible for controlling it & gives access to
each & every person within the organization. They communicate on daily
basis internally & externally both to Communication more clearly & correctly.
And the other work is done by using different channels that are letters, reports etc.
Different types of reports are prepared on suggestions or recommendations on personnel, activity
execution time and plans for overcoming the difficulties.
Reports are made on daily basis & weekly basis. Each & every department of IFL is responsible
for submitting their report so that information is update on daily basis. And communication will
be more effective & efficient.
Minutes are prepared of every meeting for the purpose to implementation of
the decision and record.
4.2 External channels of IFL
Toll free number/U.A.N
Video conferencing
Audio conferencing
Web-site(static)
Newspaper
Marketing mobilization
letters
These are the channels that IFL uses to communicate with external
environment that includes customer, suppliers, stockholders & government
etc
IFL communicate with their customers in a better way & correctly to retain
their customers. Their objective is communicates clearly with customers. For
this they provide facilities to their customer such as a TOLL free Number
through this customer gets information regarding their products & services
or anything they want to know.
By communicating in that way IFL gain the loyalty of customers. Even no
little confusion occur in communication because while communicating with
customer or making any contract they confirm it many times. So less
chances of miss-understanding occurs.
Letters are written to the customers as well as to other external agencies like
suppliers, taxation authorities, governmental regulatory bodies etc.
5.1Centerlized
5.2 De-centralized
5.1 Centralized
The degree to which decision-making is concentrated at a single point in the
organizations.
Organizations in which top managers make all the decisions and lower-level
employees simply carry out those orders.
IBRAHIM FIBER LIMITED follow the “Centralized structure” & all work in
controlled and checked by C.E.O He is responsible for major decision making.
5.2 De-centralized
Organizations in which decision-making is pushed down to the managers who are closest to the
action.
Employee Empowerment by increasing the decision-making authority (power) of employees.
IBRAHIM FIBER LIMITED also follows the de-centralized structure to get
strong FEEDBACK from employees.
IFL communicate with their employees to get feedback and their
suggestions regarding company policies & procedures. This communication
leads to high growth and profit of the organization. That shows their good
management teamwork because IFL can’t take things guaranteed.
During the last decade, digital technology has changed the world in profound
and exciting ways. Today we communicate instantly and no one questions
the competitive advantages that come when we can communicate and
collaborate instantly with customers and business partners around the world.
Global supply chains enable businesses to manufacture products and move
them to market with incredible speed and efficiency. Mobile devices ensure
that we are productive no matter where we are. During the next decade, the
world's information will be digitized.
IFL defined their HOTLINES Codes for different cities to communicate for
Karachi the code is 4200 & For Lahore the code is 5200.
7. Use of Jargons
a. Strengths
a. Weaknesses
Lack or customer awareness through advertising
Technical personnel have less command on effective business writing
14.1 Repetition
Repetition of a message, such as an advertisement, creates greater impact
on the recipients. This technique should be employed. It is important to note,
however, that repetition should be only where it is necessary.
14.3 Training
Imparting of such training would greatly improve the communication skills of
the engineers on technical matters.
8. Conclusion