of Biocon. Initial challenge that she faced was her young age, her gender andthe nature of unfamiliar business. There was no inflow of fund as banksrefused to give loans. Once she overcomes all these, she had to facetechnological challenges to build a Biotech business in a country like Indiawhich was not so good in infrastructure at that point of time. The high tech biotech industry dependent on high quality, power, high technological lab,equipments etc. Now the challenges has moved to maintain quality, about growth, managing alarge company and managing investor expectations like other
In Biocon employees¶ feedback are being regularly asked so as to motivatethem and it will further help them to excel in their field. In BioconPerformance checks are done annually and implement it at the end of thefinancial year. It helps to measure employees¶ performance and also helps toreduce grievances etc. They also conduct Behavioural training, leadership programs, and also provide with compensation packages. Due to all these
R polices, the Attrition rate of less than 1% has been seen in Biocon. She had setup a mission for her to build pride into her workplace and also into her country.
ork place principles which helped her to keep employees motivated are:ExcellenceIntegrityAccountabilityOrganizational Pride
airnessLearningInformality in work placeElegant and refined working environment
Along with the growth of Biocon they also involved their support in variouscommunity programs and corporate citizenship initiatives with a focus in theareas of healthcare, education, and environment. The Biocon
oundation in2004 has setup ³Arogya Raksha Yojana´ which is a unique health initiative for rural India.