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Offline TechShristi

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CONDITIONS FOR SUCCESSFUL MANAGEMENT
« on: September 15, 2011, 03:26:37 PM »
CONDITIONS FOR SUCCESSFUL MANAGEMENT
                                                 (Of Well Managed Companies)
1.   Sets our Goal High:
Keep your vision at a high level. For example goal of a tata motors was very high regarding nano and goal of an ITC was to become a fast moving consumer goods Enterprise and thereby they introduce a new product within an every 3 month.


2.   Concentration on one field;
                                                  Say no to Conglomeration of companies.


3.   Operational Excellence;
Enterprise should create an operational excellence in the organization so that innovation can be made and they can earn more profit. For Example- TATA Motors has suffered a loss of 500 cr.  In 2001 but with the help of innovation of cheaper steel it has created a Nano in the year 2009



4.   Well Qualified Managers:
After the Case of Sat yam Aaron etc a Enterprise should have well qualified mangers to manage the enterprise.


5.   Internal Promotion:
Most of the CEO of Well Managed Enterprise are from the same Enterprise through internal promotion.  For Example- CEO of Larson & Turbo am nayak join the Enterprise in 1965.



6.   Good Relation with Trusted Suppliers:


7.   Standard Quality of Products


8.   Research & Department-
To Satisfied the demand of the customer a well managed Enterprise invest a huge capital on R&D.


9.   Social Service
« Last Edit: January 01, 1970, 05:30:00 AM by Guest »

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CONDITIONS FOR SUCCESSFUL MANAGEMENT
« on: September 15, 2011, 03:26:37 PM »

Offline TechShristi

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CONGLOMERATE COMPANIES OF THE INDIA
« Reply #1 on: September 15, 2011, 03:27:39 PM »
CONGLOMERATE COMPANIES OF THE INDIA

    India’s  family business companies are diversified in various field and                           “Non- focused”
         In India Tata, Brila, Reliance, Adani and many more companies are diversified in more than one field. For Example: Tata Company in working in the field of Telecom, Auto mobile etc. and such company are know as Conglomerate Company or not focused company. While if we look further than most of the American and Japan Companies are well focused. For Example: Intel Microchips work in their computer technology field only.
But it does not mean that India does not have well focused companies. Bajaj, Cadila etc are the example of well focused companies of India. .Bajaj is well focused in Automobile of two wheelers and three wheelers. Similarly cadila is well focused in pharmaceutical field.
We all know that Merit and Demerit are two side of the coin. So, Focused and Conglomerate Companies have both Merit and Demerit. In Conglomerate Companies, risk is well distributed and it forms a basic for management practices.
Let’s have look over one well famous American Company named General motors whose former chairman Jack wells is considered as a great man for his various practices. Management practices of the jack are as follow;
Jack Wells:
1.   He adopts entrepreneurial culture rather than hieratical culture. Entrepreneurial culture is different from other in the sense that subordinate are free to express their ideas and suggestion. Futures, subordinate are not punished for their mistake.

2.   In order to make it available at the bottom level, Jack Wells reduce the management level to 4 from 9.


3.   Jack Wells think about the development of 3 lacs employees and formed discussion forum to discuss various matter without any hesitation.

4.   Jack Company’s, General Motors entered in to partnership with G.E.C (of U.K), R.C.A (against Broadcasting and aerospace) and C.G.R (against TBB research).
Summary:
1.   Entrepreneurial culture
2.   partnership with other American and non- American companies
3.   Development of 3 lacks  employee
4.   Formation of  Discussion Forum
« Last Edit: January 01, 1970, 05:30:00 AM by Guest »

Techshristi's Forum

CONGLOMERATE COMPANIES OF THE INDIA
« Reply #1 on: September 15, 2011, 03:27:39 PM »

 
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