Business Remodelling: Conference Proceedings

Organizing Committee:
Chief Patron
Shri Rajkumarji Tirpude, President, Yugantar Education Society
Patron
Shri W.T. Kombade, Secretary, Yugantar Education Society
Conference Chairman - Dr. Lalit Khullar, Director,
Tirpude Institute of Management Education
Conference Secretaries – Dr. Sangeeta Deshpande
Prof. Prashant Rajurkar
Prof. Prerna Thakwani
Contact Details:
Yugantar Education Society’s
Tirpude Institute of Management Education
1, Balasaheb Tirpude Marg, Civil Line, Nagpur – 440001
Phone: [phone]
E-mail: confere[email protected]du.in
Website: www.tirpude.edu.in

Proceedings of
International conference on
Business Remodelling: Exploring New Initiatives in Key Business Functions
Conference Proceedings of
TIRPUDE INSTITUTE OF MANAGEMENT EDUCATION,
Nagpur
ISBN: 978-93-5291-574-3
Editors
Dr. Lalit Khullar, Director
Dr. Sanjay Kavishwar, Dean-Academics & Admissions
Dr. Sangeeta Deshpande, Coference Secretary
Copyright@by Tirpude Institute of Management Education, Nagpur, India
Tel: [phone], Fax: [phone]
Visit us at: www.tirpude.edu.in
All rights reserved.
The views expressed in this Conference Proceedings are those of the contributors and not
necessarily those of the editorial board or the publisher.
All rights are reserved with Tirpude Institute of Management Education, Nagpur. No part of
this publication may be reproduced, stored in retrieval system or transmitted in any form or
by any means, electronic, mechanical, photocopying, recording or otherwise without the prior
written permission of the copyright holder. Any person who does any unauthorized act in
relation to this publication may be liable to criminal prosecution and civil claim for damages.
The author alone is responsible for the correctness of events, information and data used in the
contributions. The authors of the papers have taken all reasonable care that the contents do
not violate any existing copyright or other intellectual property rights of any person(s) in any
manner whatsoever. In the event the author(s) has been unable to track any source of
information and if copyright has been infringed inadvertently, the same may please be
brought to the notice of the editor in writing for corrective action.
Published By
Tirpude Institute of Management Education, Nagpur (Maharashtra), India

Preamble
A business model is central to a host of business activities of an organization. Business
Process Modelling is a method for improving organizational efficiency and quality. Its
beginnings were in capital/profit-led business, but the methodology is now applicable to
any organized activity.
Increasing transparency and accountability of all organizations, together with the modern
complexity, penetration and importance of information technology and communication
tends to heighten demand for process improvement everywhere. Thus, business modelling
and remodelling is arguably more widely relevant today than the earlier efficiency
methodologies. Put simply, it aims to relook at improving business performance by
optimising the efficiency of connecting activities related to business, organization, profit,
change, projects, etc.
With a view to focus on this important business aspect, the 2-day international conference
organized at Tirpude Institute of Management Education (TIME) had the theme
“Business Remodelling: Exploring New Initiatives in Key Business Functions”.
In order to further explore and understand this subject, TIME, Nagpur, invited
academicians, research scholars and business managers to share their knowledge and
insights by contributing their original research papers at this International Conference in
February, 2018.

Dear Friend,
It is my singular pleasure to forward to you the proceedings of International conference on
“Business Remodelling: Exploring New Initiatives in Key Business Functions”, held on
23rd & 24th February, 2018, at our institute. This publication takes full advantage of the
scholarly work of academicians and industry professionals and also creates an opportunity for
you to store the same for future referencing.
I believe that cultivation of a strong research culture is absolutely necessary for excelling in
the process of academic enhancement and knowledge disbursal. An academic institute can
achieve this primary objective of value addition of updated and relevant knowledge to its
students and the academic community at large by enabling high quality original research.
As editor, my task was made challenging due to very rare and original quality of research
work submitted by contributors from across the international and domestic arena.
Nevertheless, I have been able to select some of the finest works with the help of our
reviewing team comprising of erudite scholars from academia and industry and present the
same to you.
I am sure you will find the contents thought provoking and of immense value and relevance.
Thanking you,
Dr. Sanjay Kavishwar
Editor