Retail Business Dynamics

• Identify Research programs employed to identify customer feedback on product ideation to launch stage.
• Identify the effective strategies for merchandising and impact they have in retail business.
• Categorise different store layouts and designs using tools to optimise the store output
• Organising the manpower required for the retail stores and their performance measurement.
• Discuss the accounting mythologies required for running the retail store/ business
• Operations of supply chain management, vendor management and logistics used in retail sector.
• Identify the strategies required for setting up retail stores and managing them.
• Find different funding mechanisms ranging from traditional methods to modern methods and governments initiatives to support business owners.
• Describe Taxes, legal and administrative framework and documentations required which setting up a business.
• Discuss the methods to set up an online store and different tolls and strategies that help in operations of this store.
• Explain the importance of collaboration and communication with clients, team members, and stakeholders.
• Embrace humanistic, ethical, and moral values in real-life situations.
• Exercise responsibility for the completion of assigned tasks for self and the group work
• Predict and cater to own learning needs relating to the assigned task/work.

• Designing of research process from objective formulation to research output and strategies used to complete the research.
• Assess the impact the of merchandising and its effects on the revenue generation in stores.
• Designing the store layout using the online tools and create different strategical planogram.
• Support the retail stores/ brands in strategizing the employee requirements, measuring their performances, and designing compensation programs.
• Managing the accounting of the retail stores/ brands and the different strategies used optimise the use of funds.
• Diagnose the process used for managing supply chain, logistics and vendor management in retail stores and utilize them to optimise the resources.
• Composing business plans, service blueprinting of stores and implementing the business operations.
• Verify funding methods available to business owners and utilizing government schemes available for budding entrepreneurs.
• Manage legal and administrative formalities required for starting and running a business in India.
• Understand the different taxes applied on the business-like Goods and Service Tax and how to file their taxes.
• Assess appropriate solutions for the challenges presented, while practicing humanistic, ethical, and moral values in real-life situations
• Develop project management skills to efficiently plan and execute projects.
• make judgement and take decision, based on the analysis and evaluation of information and work scenario.
• Predict and cater to own learning needs relating to the assigned task/work by accessing appropriate learning resources.
• pursue self-paced and self-directed learning.

The academic approach of the courses focuses on the “work-centric” education i.e. begin with work (and not from a book!), derive knowledge from work and apply that knowledge to make the work more wholesome, useful and delightful. The ultimate objective is to empower the Learner to engage in socially useful and productive work. It aims at leading the learner to his/her rewarding career as an employee or entrepreneur as well as development of the community to which s/he belongs. Learning methodology:

• Step -1: Learners are given an overview of the course and its connection to life and work.
• Step -2: Learners are exposed to the specific tool(s) used in the course through the various real-life applications of the tool(s).
• Step -3: Learners are acquainted with the careers and the hierarchy of roles they can perform at workplaces after attaining increasing levels of mastery over the tool(s).
• Step -4: Learners are acquainted with the architecture of the tool or tool map so as to appreciate various parts of the tool, their functions, utility and inter-relations.
• Step -5: Learners are exposed to simple application development methodology by using the tool at the beginner’s level.
• Step -6: Learners perform the differential skills related to the use of the tool to improve the given ready-made industry-standard outputs.
• Step -7: Learners are engaged in appreciation of real-life case studies developed by the experts.
• Step -8: Learners are encouraged to proceed from appreciation to imitation of the experts.
• Step -9: After the imitation experience, they are required to improve the expert’s outputs so that they proceed from mere imitation to emulation.
• Step-10: Emulation is taken a level further from working with differential skills towards the visualization and creation of a complete output according to the requirements provided. (Long Assignments)
• Step-11: Understanding the requirements, communicating one’s own thoughts and presenting are important skills required in facing an interview for securing a work order/job. For instilling these skills, learners are presented with various subject-specific technical as well as HR-oriented questions and encouraged to answer them.
• Step-12: Finally, they develop the integral skills involving optimal methods and best practices to produce useful outputs right from scratch, publish them in their ePortfolio and thereby proceed from emulation to self-expression, from self-expression to self-confidence and from self-confidence to self-reliance and self-esteem!

Evaluation Pattern of KLiC Courses consists of 4 Sections as per below table:

YCMOU Mark Sheet

Printed Mark Sheet will be issued by YCMOU on successful completion of Section 1, Section 2 and Section 3 and will be delivered to the learner by MKCL.
YCMOU Mark Sheet will be available only for Maharashtra jurisdiction learners

MKCL's KLiC Certificate

The certificate will be provided to the learner who will satisfy the below criteria:

1. Learners who have successfully completed above mentioned 3 Sections i.e. Section 1, Section 2 and Section 3
2. Additionally, learner should have completed Section 4 (i.e. Section 4 will comprise of SUPWs i.e. Socially Useful and Productive Work in form of Assignments)
   • Learner has to complete and upload minimum 2 out of 5 Assignments