Department of Management Studies, IISc, Bangalore and NIPM Karnataka chapter jointly presenting the 'International HR Conference' a series of papers presented in a Forum published by Himalaya Publishing House Pvt. Ltd.delve; s into those legends who believe in talent growth amongst employees. Here's to the success story that culminates in the strength of people power.
Bharat Petroleum Corporation: Industry - Petroleum; Faced deregulation of Petroleum Industry; Focused on redeployment and retaining of employees; Revamped Performance Appraisal System
Mahindra and Mahindra Ltd. Industry - Automobile (Tractor): Strategic Initiative - Rationalize manufacturing process: Flat structure that encourages team work; Outsourcing workforce for advanced and non-core activities
Maruti Udyog Ltd: Industry - Automobile Utility-Car segment: Strategy: launch new models, Increase dealer network, Reduce costs and increase operating efficiencies: Creation of excellent compensation policy
State Bank of India: Bank: Threats: Competition from foreign & private banks: Strategy - Trim the size of its workforce to rationalize costs, Introduced VRS to cope with automation
Arvind Mills: Textiles: Strategy - Recover from the change in fashion in the apparel Industry, Increase exports
Wipro Corporation: IT : Strategy - Sustaining the wealth of Human Capital; Introduced Employee Stock option schemes
Infosys: IT : Strategy - Employee driven campus programs like 'Infosys Toastmasters Club' to provide support to the employees - Leadership through INSTEP program where 3-6 months internships are given to students across the globe.
Ranbaxy: Pharmaceutical: Strategy - Backward integration , new drugs invention
TISCO : Steel : Strategy - Started PEP and revamped its PMS by aligning KRAs with strategy at all levels.
The Driving forces of the Society: India focuses on the Self/ Spirituality and China on its 'People'. On the Contrary, The Russia emphaiszes on 'State' while America is wholly 'Market' driven. Metaphorically, (India-China) and (America-Russia) would make the 'world-swastika' move. If there is harmony among the four forces, the world will experience synergy and happiness. The holistic Globalization hence depends on:
Force of Market, Force of State (or Government), Force of People & Force of Self (or Sprirituality).
Change Management
C=(DVF)>R
In this formula, Change is possible when the level of Dissatisfaction with the Status-Quo , the clarity of Vision, and the grasp of the First Steps to be taken can combine to be greater than the existing Resistance to change.
Kotter has suggested that there are eight factors that must be in place in order for a change to be successful.
1. Establishing a sense of urgency
2. Creating a guiding coalition
3. Developing a vision and strategy
4. Communicating the change vision
5. Empowering employees for broad-based action
6. Generating short term wins
7. Consolidating gains and producing more change
8. Anchoring new approaches in the culture.
The Quest for Balance
"One can live magnificiently in this world, if one knows how to work and how to love, to work for the person one loves, and to love one's work" - Leo Tolstoy
Bharat Petroleum Corporation: Industry - Petroleum; Faced deregulation of Petroleum Industry; Focused on redeployment and retaining of employees; Revamped Performance Appraisal System
Mahindra and Mahindra Ltd. Industry - Automobile (Tractor): Strategic Initiative - Rationalize manufacturing process: Flat structure that encourages team work; Outsourcing workforce for advanced and non-core activities
Maruti Udyog Ltd: Industry - Automobile Utility-Car segment: Strategy: launch new models, Increase dealer network, Reduce costs and increase operating efficiencies: Creation of excellent compensation policy
State Bank of India: Bank: Threats: Competition from foreign & private banks: Strategy - Trim the size of its workforce to rationalize costs, Introduced VRS to cope with automation
Arvind Mills: Textiles: Strategy - Recover from the change in fashion in the apparel Industry, Increase exports
Wipro Corporation: IT : Strategy - Sustaining the wealth of Human Capital; Introduced Employee Stock option schemes
Infosys: IT : Strategy - Employee driven campus programs like 'Infosys Toastmasters Club' to provide support to the employees - Leadership through INSTEP program where 3-6 months internships are given to students across the globe.
Ranbaxy: Pharmaceutical: Strategy - Backward integration , new drugs invention
TISCO : Steel : Strategy - Started PEP and revamped its PMS by aligning KRAs with strategy at all levels.
The Driving forces of the Society: India focuses on the Self/ Spirituality and China on its 'People'. On the Contrary, The Russia emphaiszes on 'State' while America is wholly 'Market' driven. Metaphorically, (India-China) and (America-Russia) would make the 'world-swastika' move. If there is harmony among the four forces, the world will experience synergy and happiness. The holistic Globalization hence depends on:
Force of Market, Force of State (or Government), Force of People & Force of Self (or Sprirituality).
Change Management
C=(DVF)>R
In this formula, Change is possible when the level of Dissatisfaction with the Status-Quo , the clarity of Vision, and the grasp of the First Steps to be taken can combine to be greater than the existing Resistance to change.
Kotter has suggested that there are eight factors that must be in place in order for a change to be successful.
1. Establishing a sense of urgency
2. Creating a guiding coalition
3. Developing a vision and strategy
4. Communicating the change vision
5. Empowering employees for broad-based action
6. Generating short term wins
7. Consolidating gains and producing more change
8. Anchoring new approaches in the culture.
The Quest for Balance
"One can live magnificiently in this world, if one knows how to work and how to love, to work for the person one loves, and to love one's work" - Leo Tolstoy
