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3 : Acknowledgement Company’s Profile
Vision, Mission & Core Values.
Derivative Analysis 1: Congruency between Mission, Vision & Core Values Derivative Analysis 2: Congruency between Mission, Vision & Core Values with reference to a product advertisement. Derivative Analysis 3: Congruency between Mission, Vision & Core Values with reference to a recruitment advertisement. Derivative Analysis 4: Based on job Specifications in Recruitment advertisement identify the importance of (i) Ability Job Fit (ii) Personality Job Fit and (iii) Values in sync with Core values of company or functional requirements of job Derivative Analysis 5: Perception created through Product advertisement/ Tag line of Company etc Derivative Analysis 6: Identify relevance of the 9 organizational processes Derivative Analysis 7: Identify organizational changes that demand change in attitude of employees Derivative Analysis 8: Identify and analyze the motivational tools used by the organization to (i) attract employees (ii) to trigger high performance and (iii) retain employees etc. Derivative Analysis 9: Opportunities provided by the organization for learning and development of individual Derivative Analysis 10: Does the organization show characteristics of a working group or working team. How & Why? Bibliography
We would like to express immense gratitude to Mrs. Brinda Balakrishnan Mam for assisting & guiding us all in bring up a focused approach towards our subject “Organizational Behavior” by means of this project. We as a part of research now have gained immense exposure of the subject by means of various Derivative Analyses that form a group, team or an organization. We would like bring this collective effort to light by presenting various case study analyses which are relevant to the subject by means of example stated. Thanking again for once and all to Mrs. Brinda Mam.
Pulkit Chawla Varunesh Mitra Varun Gulati
SUBSIDIARIES: Larsen & Toubro Komatsu Limited L&T Infotech Larsen & Toubro EmSyS Larsen & Toubro Finance Larsen & Toubro Infrastructure Finance Larsen & Toubro e-Engineering Solutions Larsen & Toubro Valves Business Group
Vision, Mission and Core values
Note : L&T Mumbai, July 28, 2008:. Performance for the quarter ended June 30, 2008. Profit after Tax grows by 33%. VISION The L&T vision reflects the collective goal of the company. It was drafted through a large scale interactive process which engaged employees at every level, worldwide.
STRATEGIC MISSION - LAKSHYA To compete and grow in a globalised business environment, L&T is implementing a strategic plan (LAKSHYA) for 2005-10. The plan has been drawn up in consultation with a leading international strategy consultant. It has set ambitious growth targets for each business. Create long-term value for our customers through superior product structuring by capitalizing on our knowledge pool. Also included are opportunities for diversification of L&T's business portfolio. CORE VALUES Performance Driven Innovation Integrity Excellence Customer Focus Mutual Respect
Derivate Analysis 1: Congruency between Vision, Mission and Core values
There is clear accord & harmony among Vision, Mission & Core Values: Let’s take Performance: All 3 below focus on putting up performance, in one or the other way. Core Value: Vision: Performance Driven Attaining global benchmarks, constantly creating value, meeting expectations of employees, stakeholders and society, total customer satisfaction, enhancing shareholder value. To complete and grow, ambitious target setting for each sector, strategic planning.
Let’s take Innovation & Excellence: All 3 reflect company’s ability to be innovative & its excellence by diversifying & creating value. Core Value: Vision: Innovation & Excellence. Indian Multinational, professionally managed, Entrepreneurial and empowered team, L&T-ites shall be innovative, shall foster a culture of caring, continuous learning, high corporate governance standards & constantly creating value. Included are opportunities of diversification, create long term value by setting new standards & through superior product structuring, capitalizing on our knowledge pool & consultation with leading international strategy consultant.
Let’s take Integrity: All 3 below shows company’s uprightness, wholeness & unity. Core Value: Vision: Mission: Integrity Entrepreneurial and empowered team, professionally managed and committed, foster a culture of caring, trust (shows uprightness & honesty as an important part for integrity). Capitalizing on our knowledge (this clearly shows company’s integrity and the knowledge it has attained over the years).
Let’s take Customer Focus & Mutual Respect: All 3 below shows company’s uprightness, wholeness & unity. Core Value: Vision: Customer Focus & Mutual Respect Customer satisfaction, enhancing shareholder value, fostering a culture of caring, trust, meeting expectation of society, employees and shareholders (shows mutual respect and customer focus) Create long-term value for our customers through superior product structuring, partnering our customers by offering solutions, deep understanding of Indian sector and full range of financial products.
Derivate Analysis 2: Congruency between Vision, Mission and Core values with reference to a product advertisement
L&T Products are its offerings as both (products & services) which are: 1. Turkey Projects: Hydrocarbon, Power, Water, Cement & Allied Machinery 2. Construction: Specialized Services, Infrastructure concessions, Building Products, Engineering services & international projects 3. Engineered Products & Systems: Refinery, Oil &Gas, Petrochemicals, Fertilizer, Coal Gasification, Aerospace, Thermal Power plant, Nuclear Power plant, Defense, Cement 4. Electrical and Electronic Products & Systems: Switchgear products, electrical systems, metering solutions and relays, medical equipment, control and automation, petroleum dispensers and solutions& tooling systems. 5. IT and Engineering Services: It services, Engineering Services, Embedded Services. 6. Machinery Valves and Industrial Consumable: 7. Financial Services: Infrastructure Finance, Equipment Finance. 8. Shipbuilding:
Let’s take look at few product Ads of L&T:
Ad focus in sync with Vision & Core Values: The line US$5 billion clearly reflects an essential core value i.e. excellence of the company The line that “company has long term agreements with key EPC contractors across the globe” reflects the vision of the company in terms of upcoming projects which has a customer needs as focus which is an essential core value. Line “The company is approved by global majors” reflects another core value of the company i.e. integrity which has got recognized around the world as a professionally managed MNC & has set global benchmarks which is its established vision.
Ad focus in sync with Mission & Core Values: The words like “Product Spectrum for power industry” clearly reflects that company offers customized products with a planned strategy & multi utility which offer long term value to its customers as per the mission statement of the company plus customer focus in terms of providing them 7|Page with comprehensive solutions. And creating value is one of its long term vision.
Ad focus in sync with Mission: The words in red ribbon are as follows: “Used in a wide range of applications including petroleum, chemicals and tank farms” This clearly reflects that company offers customized products with a planned strategy & these offer long term value to its customers as per the mission statement of the company.
Ad focus in sync with Co. Values: Here if we look carefully in Features 1st point: Tells about two things a.) Triple Offset Geometry: which reflects the core value innovativeness b.) High Life Cycle: which also discusses 2 more core values. i.e. performance & customer focus. 2nd , 3rd , 4th , 5th & 6th point reflects all reflects how much company respects its core values in terms of customer focus (with safety & handling as a feature), plus performance of the product & its design innovativeness.
L&T : Hydrocarbon40 seconds TV Commercial starts like: 1st clip: 2nd clip: 3rd clip: 4th clip: 5th clip: 6th clip: 7th clip: 8th clip: 9th clip: Our finest achievement are not always seen …..but felt Giant Offshore Platforms (with a giant offs shore structure pic) to tap riches of ocean Refinery projects (with a huge refinery plant pic) to fuel progress Petrochemical projects (with huge pipelines &lightening structure) that enrich lives L&T Logo + Tagline (It’s all about Imagineering)
The first two clips clearly give us an idea that company is customer focused plus it has achieved excellence (core value) over the years through its finest achievements (as attaining global benchmarks of performance – which is its vision) Now as its achievements are actually felt (as per 2nd clip) it means that organization fostered a culture of caring & it has gained trust amongst it customers (which also signifies vision of company) Clip 3rd, 4th, 5th, 6th , 7th and 8th clearly shows that company is moving in direction of its vision by completing & achieving individual missions & projects 1st Offshore platforms >>>>2nd Refinery projects >>> 3rd petrochemical projects 7th clip reflects that company the attained customer satisfactory & enhanced their value which is the first & prior vision of the company as mentioned in Vision Statement.
Derivate Analysis 3: Congruency between Vision, Mission and Core values with reference to a recruitment advertisement
Recruitment advertisements on Naukri .com & MonsterIndia.com
Vision Mission Core Values A. COMPANY PROFILE (L&T Infotech) We are one of the leading global organization providing IT consulting, software services & solutions to the world's finest organizations. L&T Infotech is a full function software services organization based Mumbai, having development centers at Powai, Pune, Chennai, Mysore, Bangalore & Navi Mumbai. We are proud to have an impressive client list supported by 23 international offices across USA, UK, Asia Pacific, Middle East Countries etc. Our global operations are supported by a committed work force of about 5900 employees. We offer end-toend complete range of software solutions and consulting services in various domain & technology areas. Job Profile Recruiter Experience 0 year - 1 year Functional Area IT-Software Location Karnataka - Bangalore Job Description - Graduate in any discipline or a Diploma holder (MBA holders need NOT apply). - Minimum 1 year of exp. (preferably in HR, Admn. or marketing coordination etc). - Command on MS packages and ability to interact with people with ease. - Good personality with communication skill. - Bangalore based candidates preferred.
B. LARSEN & TOUBRO LIMITED CIVIL-STRUCTURAL ENGG Posted on: 18th Jul 2008 Job Description Adequate knowledge and experience in General Civil, Structural and Building works in Refinery/ Petrochemical projects. Exposure to 3D PDS / PDMS environment desirable. Selected candidates will be required to lead engineering teams. Additional Information Experience: 8 - 15 years Job Category: • Oil & Gas • Construction Job Location: Mumbai, Baroda Key Skills: Civil, Structural, 3D PDS/PDMS Job Ref code: LTC /CVL /436 Role: • Engineering - Civil &Structural • Civil Engineer • Structural Designing
From above two recruitment advertisements we can clearly see that there is complete accord & congruency among the vision, mission and core values which is even reflected through their recruitment advertisements. 10 | P a g e
Derivate Analysis 4: Based on job Specifications in Recruitment advertisement identify the importance of (i) Ability Job Fit (ii) Personality Job Fit (iii) Values in sync with Core values of company or functional requirements of job
AD Focus Ability Job Fit AD Focus on Values in Sync with core values of company AD Focus on Personality Job Fit A. LARSEN & TOUBRO LIMITED Corporate Risk Manager
Job Profile: You will strengthen the team at Corporate Risk Management Dept. by working in the following areas. Understanding risk profiles of various businesses of the Company Helping them to quantify and manage the risks Managing Risk MIS for reporting to the Corporate Management Usage of risk analysis tools, Knowledge management Bench marking with the latest and best practices Risk evaluation of large project bids Risk analysis of ongoing projects . Facilitate Development of corporate Risk Managemnt Policies . Educational Qualification : MBA (Finance) with Graduation in Engg. / Commerce. Engineers without management qualifications who are interested in the above profile can also apply. Experience: 3-10 years. No. of openings: 2 Job Location: Howai (Mumbai ) About Company Larsen & Toubro Limited (L&T), see or website Additional Information Experience: 3 - 10 years
Education: B.Com, B.E/B.Tech Job Category: • Finance & Accounts • Financial Services Job Location: Mumbai "risk profiling" ," risk analysis"," risk mitigation" ," risk evaluation" ,"risk", "projects ", "project Key Skills: bids" ,"risk MIS" Industry: Construction Role: • Financial/ Business Analyst • Risk Manager/ Analyst
From Ability we can easily infer here that: Qualification Essential – Engineering Desirable - MBA Finance From Personality point of view A person require must be an extrovert to handle Corporate Risk etc. plus introvert at the same time to mange knowledge & anaylse ongoing projects etc. 11 | P a g e
AD Focus Ability Job Fit AD Focus on Values in Sync AD Focus on Personality Job Fit B. LARSEN & TOUBRO LIMITED Officer - Accounts & Costing
Job Description: Primary Duties / Responsibilities: Analysis & Upload of budget Actuals, Raising Inter unit Advices, Internal orders control, quarterly provisions, Verification of Capital PR`s, NBDN Control (PGM) etc. Secondary Duties / Responsibilities: Assist in compilation of budgets, control of capex spending etc Analysis of service costs. Educational Qualification: No. of years of Experience: Computer Skills: Behavioral Competencies : A)B.Com /M.com B)Inter ICWAI c) Final ICWAI In case of a) 10 years b) 7 to 8 years c) 2 to 3 years MS Officer , ERP exposure will be an added advantage. Good Analytical ability , interest to acquire new skills/knowledge , flexible Good personality with communication skill. Job Location: Powai (Mumbai) About Company Larsen & Toubro Limited (L&T) visit our website. Additional Information Experience: Education: Job Category: Job Location: Key Skills: Industry: Role: 3 - 10 years B.Com, ICWA, M.Com Finance & Accounts Mumbai ERP ,budget Actuals,Inter unit Advices,NBDN Control,Capital PR`s,budgets,Inter ICWAI ,B.Com /M.com ,Final ICWAI Construction • Book Keeper/ Accounts Assistant • Accountant • Cost Accountant / ICWA • Finance Assistant
From Ability point of view the above ad shows: Qualification Essential – Computer Skills- MS Office Desirable - ERP exposure From personality point of view they are looking for an extrovert person who can communicate well, ready to acquire knowledge & is flexible to things taught.
As from the website of Larsen &Toubro, they look in for people with: Value System Match Knowledge Base Skill To Apply Concepts Self-motivation & Commitment Passion for Excellence
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Derivate Analysis 5: Perception Created through Product Advertisement / Tag Line of Company etc.
FIRST PERCEPTION ABOUT THE COMPANY FROM ITS TAGLINE The first perception that anyone gets from the tag line of LARSEN AND TOUBRO is that the company is quite innovative & directive in terms of its approach towards engineering (planned designing) and construction. It simply means just imagine and we are there to make (engineer: design & plan) that for you. This simultaneously reflects at least two core values: 1. Being Innovative 2. Customer Focus & Development Focus
PERCEPTION CREATED THROUGH PRODUCT ADVERTISEMENT
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The ad uses very few lines but creates a tremendous perception about its worth & value amongst its customers. The lines used in above AD are: FOR ENGINEERS FOR A TRAVELLER FOR THE RECORD FOR KONKAN RAILWAY FOR US
: : : : :
A benchmark in innovation Fewer hours travelled, more hours lived. Asia’s highest Accolades Imagineering as usual
The company gives its message in a very clear & delightful way As how it has achieved the excellence of being Asia highest. How it has a created a level of performance and innovation through its engineering. How it is serving to the needs of its customers & consumers by providing them with revenues generated plus consumer satisfaction. More over for Konkan Railways, the project achieved -- is a matter of pride but >> For L&T it is merely Creative & Innovative & planned design based on what started with an imagination & now has taken a practical shape.
So the perception it has been able to create of its ability to enhance customer satisfaction & create value plus attaining global standards & benchmarks of innovation.
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Derivate Analysis 6: Relevance of the 9 organizational processes.
Let’s see how L&T structure is based upon the 9 Organizational Processes & how much relevant are these processes in day to day functioning: 1) The person: Existential processes In L&T person self actualization & attainment of individual goals is taken well care of by: a. People who join as trainees rose to the top based entirely on merit. b.“L &T offers multiple career options across all its business lines. Every career avenue reflects the Company’s
strong people orientation. People are our most valuable resource. We invest in them. We believe in them.”
These lines from their website clearly reflect their individual focus. 2) The interperson : Emphatic processes In L&T it is taken care that individuals working in the organization interact & communicate with each other plus also they are assigned such roles & tasks so that they form a relationship of collaborative efforts and at times competition. This is generally done through: a. Team & group building - done under various Team & Group leaders. b. Group & individual targets are set as a means to provide competition amongst individuals & groups. c. This can clearly be seen on L&T website. 3) The Role : Coping processes L& T offers vast no of roles available at the time recruitment, plus it also keeps on switching job profiles as per the aptitude & inclination of the employee, so that individual finds himself involved and it also offers challenges to individuals to cope up with certain job profiles & responsibilities. Following lines shows how L&T does it:
“Employee participation is encouraged by inviting suggestions & opinions. This is coupled with competitive compensation & rewards& job modeling & shifting and training through Core Development & Behavior Development Programmes to enable them to unleash their full potential & cope up with existential processed”
4) The Group : Building Processes Group dynamics are formed on the principle of cohesion among group members which make the group strong. At L&T, if we take a precise look in organizational chart various groups are formed such as Institutional & Commercial building group, hydrocarbon group, power sector group, Building products group, transportation group etc. The group building is done and they are placed hierarchal in the organization and members of these group works as a single entity and act under a code of conduct.
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5) The Intergroup: Collaborative Processes Taking a close look at the organization like L&T group dynamics in terms of both competition & collaboration exists (which may be +ve or –ve), however L&T ensure that various groups compete & collaborate on a positive platform which in turn lead to successful & timely completion of its projects.
“The Forbes Global 2000 Ranking list for the year 2008 ranked Larsen & Toubro at 961. Plus Business Today in 2008 has rated it as the best organization in terms of quality standards offered and gave it 7 th rank for Asia’s best managed companies”
This clearly is a parameter which shows that positive competition and collaboration exists in L&T. 6) The organization: Growth processes L&T clearly shows the growth parameter on basis of its two distinctive qualities: a. Laurels- This has been attained by accomplishing huge &large scale projects successfully and setting global benchmarks which are looked upon in various countries. b. Self Renewal - This has achieved by means of successful diversification and moving up the customer value chain by creating value in various sectors as mentioned in company profile. 7) The organization-Environment Interface: Influence Processes L&T environment characteristics can be classified: a. Influential to its customer – by enhancing the value & income created, by its projects. b. Influential to society – through its developments & CSR (Corporate Social Responsibility) c. Influential to various organizations. – Support systems d. Coping up competition offered by other organization and making a distinctive place for itself by offering Solutions (be it is goods or services) 8) The Community: Processes of social awareness L&T has created goodwill for itself by acting consciously towards CSR (Corporate Social Responsibility). The various initiative which company has done to strengthen this field are: a. Relief and assistance at the time of natural calamities b. Social initiative like in health (HIV awareness, setting up clinics, orphanages, laboratories etc.), education (schools, children training modules summer camps etc.), environment (water saving, treatment & recycling and global warming protection measures, natural calamities (flood relief in Surat, food supply ,water, clothes, medical camps etc.) and involving employees in these activities) 9) The society: Value processes
L&T vision, mission, core values, tagline, social responsibility and all its project accomplishment over the year reflects in true sense its value which it likes to share with its society. L&T has been successful in terms of conceiving the same. A strong brand recognition of L&T is only complemented by successful & socially beneficial accomplishment of its projects towards social welfare.
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Derivate Analysis 7: Identify organizational changes that demand change in attitude of the employees.
L& T clearly justifies the organization changes which have change the attitude of the employees. 1. Reinforcement Theory: L&T provides various rewards and incentive as the employee moves up the chain and also delegates responsibilities & listening to employee suggestions & opinions to strengthen this theory. 2. Balance Theory: As in L&T special care is taken then employees develop & foster under a culture of caring. This often is done so that a balance exists between the sentiments & unity& quality of beliefs among employees. 3. Cognitive Consistency Theory: As per this theory & its implication in L&T, employees are tested to their potential by giving them challenges. Plus over the years L&T has developed certain standards & norms which are offered to its employees. The employees adapt to these norms & prove themselves taking these as inputs & later put up their own suggestions as they move up the chain. 4. Cognitive Dissonance: L&T has distinguishing & changing the attitude of its employees by means of taking: a. Contrasting suggestions from employees b. Different performance incentives which bring about change in attitude to do better and come up with more logical and reasonable suggestions and thinking in prospects of a company.
5. Comprehensive Theory: L&T successfully operates on underlying principles of this theory as well: Where in aspects of attitude change are considered. a. attention b. comprehension c. yielding d. retention e. action These however are brought about through various stages starting from paying attention to accepting its influence and acting accordingly. Five modes of attitude change which involves 5 processes : 1. Source 2. Message 3. Channel 4. Receiver 5. Destination All these are incorporated by L&T.
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Derivate Analysis 8: Identify and analyze the motivational tools to (i) attract employees (ii) to trigger high performance and (iii) retain employees
To Attract Employees: 1. As from webpage:
“If you are looking for a career that offers both professional growth and personal fulfillment, you have come
to the right place. If you are looking for a company that believes in challenging its people, and at the same time, in caring for them, you have made the right choice. L&T offers multiple career options across all its business lines. Every career avenue reflects the Company’s strong people orientation. People are our most valuable resource. We invest in them. We believe in them. L&T is different from other large corporates. There is no ownership overhang. It is a company that is managed by its employees. The leadership team is formed by L&T-ites who joined as graduate trainees and rose to the top based entirely on merit. The high road of opportunity is open to all. You could be one of them to reach to the top. At L&T you shape your own career. We provide the framework in which you will set your goals, test the limits and win recognition and reward for your performance. When you join L&T, your career roadmap is charted, but you will be able to remap it to higher levels based on your skills and performance. So take that first step and turn it into a giant leap. Join the company that is committed to building a better India, a better world. “
2. Other than this the company offers various learning opportunities and job profiles which is discussed under Derivative Analysis: 8 as Roles and Opportunities, also acts a attraction . 3. Plus L&T recruitments ads & product Ads, which gives a nice brief about job profile and working culture & company’s profile. 4. The website design plus its focus on empowering employees puts an extra element to attract employees but at the same time focus on talented people. 5. Every career avenue reflects the Company's strong people orientation. 6. YOY increasing performance also attracts talented employees to join the company. To Trigger Performance: 1. Company considers a separate section of CSR (corporate social responsibility) in which it encourages its employees to volunteer, to act as productive citizens, empowering women & providing social relief to weaker sections by involving them. 2. Various training programs for continuous growth through diverse learning of subjects & easy availability. 3. At L&T the employees are set targets & the better they achieve the handsomely they are offered packages. 4. L&T through challenging tasks as well as care for its employees to trigger performance.
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To retain its employees: 1. Providing innumerable growth & learning opportunities. 2. Involving people in business, social and extracurricular activities to propel their performance loyalty & attachment towards the organization. 3. Encouraging support activities. 4. Performance Appraisal. 5. Ongoing staff training 6. Employee Motivation 7. Frequent /consistent rewards and recognition for performance 8. Changing & reviewing goals & targets & area of expertise. 9. Set goals, review, evaluate, feedback. 10. Be sensitive to personal issues 11. Keep your promises 12. Build employees self-esteem 13. Staff events / Team building 14. React on employee suggestions 15. Regular staff meetings, parties Everyone is equal to each other 16. Medical Facilities & Perks 17. Flexi hours to senior officials 18. Various beneficiary schemes to its employees + bonuses + allowance etc.
Like this there are various other activities through which it encourages its employee retention.
Latest in the ET Newspaper Columns was : Company was Offering Volkswagen Cars to its highly experience staff who has been working for around 12-14 years in their company plus even better compensation and CAR to retain its valuable staff.
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Derivate Analysis 9: Opportunities provided by L&T for learning and development of individual.
Learning Opportunities by means of various Training: Product Training: Technical Training for all current l&t product offerings is available in a number of formats. Instructor-led classes are taught in l&t Education Centers throughout. The l&t Channel delivers a series of regularly scheduled interactive satellite broadcasts on l&t product training at Headquarters, field offices, education centers, and 3rd party sites. Coursein-a-Box is up-to-the-minute video-based training for new products, new releases, and product overviews. More than 300 CBT (Computer-based Training) programs are available via the l&t University virtual campus, a Web-based learning system. Related Technologies Training: Related Technologies training courses include more advanced technology and much more. Product Development Training: A number of classes specifically developed for l&t Product Development organizations are available. These include: technical foundation, architecture etc.. Support Training: The Worldwide Support organization delivers a complete schedule of classes exclusively for its employees to develop product and customer skills. Sales Training: Sales skills, product sales and positioning, and business practices training programs are available for sales reps and sales consultants. Management Training: The L&T Management Training curriculum offers courses for both new and experienced managers. Course titles include: The L&T Manager, Leadership Forum, Managing within the Law, Coaching for Sales Managers, Leading Teams, Targeted Selection, Performance Management, and Managing Change.
Learning & Growth Opportunities at L&T for different workforce (employees at lower level & middle managerial level):
<A> For Graduate Trainees L&T's amazing growth story has been possible because of the fresh talent that flows in from engineering campuses. The top management believes in transforming fresh graduate engineers into future leaders by making them go through the crucible of challenging assignments. Most of the business leaders in L&T have joined as trainees; they have learnt and proved themselves and have grown up the ladder. Their scenario for the future is very positive with businesses growing at a steady pace & the demand for fresh talent is on the increase and we are looking for bright engineering talent to partner them. Roles in L&T: L&T offers many opportunities. A few indicative roles are given below: Business services Sales & Marketing Construction Management Project management Manufacturing engineering Technical services
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Training for campus recruits: The objective of this 'finishing school' is to successfully on-board the campus recruits in L&T so that they can have an overview of the breadth of work. It also helps him/her in getting acclimatized to the work ethos and start delivering from day one. The 35-day programme consists of an orientation about L&T, its businesses, and projects undertaken. The trainees have to work on technical projects, individual assignments, product simulations, and have to undergo various technical as well non-technical exercises on-line. This program is a good mix of technical & nontechnical activities with lot of fun-filled activities such as In-basket exercises, Games, Activities, Contests and Cultural Programs. <B> For MBA Trainees L&T offers employees more than a job – it offers them a lifetime career with challenging opportunities for continuous development and growth in diverse fields of business. The company has a culture that fosters positive and healthy competition between individuals and provides opportunity to learn and grow with the organization. For management recruits, diverse opportunities are available in HR, Finance & Accounts and Marketing. The company recognizes and builds leadership by giving its recruits focused attention in terms of growth opportunities, leadership development programmes, value compensation and challenging roles and assignments. Roles & Opportunities in L&T Roles in Corporate HR & Personnel - Corporate HR & Personnel offers a combination of design
and execution functions. These involve developing policies, while working closely with the top management. o Generalist Corporate HR Role o New Initiatives o Performance Management o Recruitment & Selection o SAP HR
Roles in OD HR - L&T’s Divisional HR functions lay a strong emphasis on execution. The
employees gain a good working knowledge of current systems while working with business managers and line people. o Training & Development o Recruitment & Selection o Compensation & Benefits o SAP HR o Performance Management
Roles in Mergers & Acquisitions – L&T’s Mergers & Acquisitions functions offer multiple
opportunities in project management, strategy, finance and marketing, helping employees develop interpersonal and leadership skills. It involves various functions.
Roles in Treasury - As L&T is expanding its international operations, it places a strong
emphasis on central management of funds and risks. L&T’s Treasury offers opportunities in system implementation and up gradation, cash management, trade finance, bid support, coordination with L&T’s Operating Divisions (ODs) and with Subsidiary & Associate (S&A) companies. It has three divisions: 21 | P a g e
The Front Office: helps the employee to gain an understanding of the financial markets in India and abroad, learn about financial products and develop deal execution and negotiation skills. o The Mid Office: carries out the compliance function. It generates reports from SAP on limit utilization, MTM and other matters of relevance to top management. o The Back Office: carries out settlement of transactions, documentation, accounting, reconciliation, etc.
Roles in Risk Management - Corporate Risk Management is evolving and involves a great deal
of interaction between consultants, industry forums and subject experts. Employees are required to leverage and build upon this network. It involves the following opportunities: o Risk Profiling o Policy Articulation o Risk Analytics o Management Information System (MIS) o Knowledge Management Statistical Modeling: Trends in Risk Management: Pre-bid Risk Evaluation support:
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Derivate Analysis 10: Does L&T show characteristics of a working group or working team. How & Why?
Group: Two or more individuals interacting and interdependent, who have come together to achieve particular objective. The organization shows clear characteristics of a formal working group. The follows points explain how L&T is a group and there are various teams working amongst it. 1. The organization has a definite hierarchy which shows Organizational & Business structure, through which leaders or managers interact with subordinates, subordinates with subordinates, under specific protocols & code of conduct which is characteristic of a working group. HIERARCHY a. Executive Directors i. Headed by Mr. A.M. Naik ii. Followed by Subordinates b. Non Executive Directors i. Headed by Mr. S. Rajgopal ii. Followed by Subordinates
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2. Also another characteristic which defines this as working group is that it is headed by a Focused Leader, Mr. A.M. Naik (who is in-charge as well as accountable for the performance of the organization). 3. Each and every individual is working towards achievement of organizational goals, targets & objectives (vision & mission of organization), through a set of predefined rules, regulations, norms and standards which is a important feature of a work group. 4. As an organization, segmenting of various branches is done in L&T -- like L&T Infra, L&T InfoTech, L&T finance etc. Delegation of authority is there as seen from organizational chart plus people are working to achieve individual goals and targets assigned, which is a characteristic of a work group. 5. The company has been continuously achieving increasing turnover over the years, which shows high level of motivation among its employees and which is a very important characteristic of work group. 6. Each individual plays its part in offering different or contradicting or diverse views which decides for Quality Decision making, in turn growth which is of high importance in a work group. L&T Stats are complementary of such processes. 7. Lines from L&T Careers Link “L&T is a team of more than 29000 L&T-ites spread across multiple locations across the globe, having proven track record and professional skills, woven together with a common culture of trust & caring. L&T offers its people freedom at work, unmatched leadership & the opportunity to grow at a rapid pace. It provides them challenging, interesting & motivating assignments which brings a sense of professional fulfillment. The company encourages entrepreneurial skills thus, enabling and empowering employees to take appropriate risks. Employee participation is encouraged by inviting suggestions & opinions. This is coupled with competitive compensation & rewards and training through Core Development & Behavior Development Programs, to enable them to unleash their full potential.” Above lines clearly indicate the presence of work group in L&T, which is interlinked (effectively and efficiently), interacting and interdependent.
Besides all above, L&T has received many awards since it establishment. Latest being that L&T was ranked first in India's Best Managed Companies in a 2008 survey published by Business Today (India's leading business periodical) All achievements & characteristics undoubtedly reflect L&T as a successful & evolving work group.
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1. 2. 3. 4. 5. 6. www.larsentoubro.com www.larsentoubro.com/lntcorporate/common/ui_templates/homepage_news.aspx?res=P_CORP naukri.com monsterindia.com inflow-outflow.com/page/5/ www.larsentoubro.com/lntcorporate/common/ui_templates/HtmlContainer.aspx?res=P_CORP_E MID_DCOR + Article in ET on attrition
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