Project Report OB L&T

8/14/2019 Project Report OB L&T

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PREPARED AND SUBMITTED BY:

PULKIT CHAWLA 37VARUN GULATI 56

VARUNESH MITRA NC.

UNDER GUIDANCE OF:

MRS. BRINDA BALAKRISHNAN


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Index:

S.

No.Pages Topic

1 Page 3 : Acknowledgement

2 Page 4 : Companys Profile

3 Page 5 : Vision, Mission & Core Values.

4 Page 6 : Derivative Analysis 1: Congruency between Mission, Vision & Core Values

5 Page 7-9 :Derivative Analysis 2: Congruency between Mission, Vision & Core Values withreference to a product advertisement.

6 Page 10 :Derivative Analysis 3: Congruency between Mission, Vision & Core Values withreference to a recruitment advertisement.

7 Page 11-12 :Derivative Analysis 4: Based on job Specifications in Recruitment advertisementidentify the importance of (i) Ability Job Fit (ii) Personality Job Fit and (iii) Values insync with Core values of company or functional requirements of job

8 Page 13-14 : Derivative Analysis 5: Perception created through Product advertisement/ Tag line ofCompany etc

9 Page 15-16 : Derivative Analysis 6: Identify relevance of the 9 organizational processes

10 Page 17 :Derivative Analysis 7: Identify organizational changes that demand change in attitude ofemployees

11 Page 18-19 :Derivative Analysis 8: Identify and analyze the motivational tools used by theorganization to (i) attract employees (ii) to trigger high performance and (iii) retainemployees etc.

12 Page 20-22 : Derivative Analysis 9: Opportunities provided by the organization for learning anddevelopment of individual

13 Page 23-24 :Derivative Analysis 10: Does the organization show characteristics of a working groupor working team. How & Why?

14 Page 25 : Bibliography


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Acknowledgement:

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 ofvarious Derivative Analyses that form a group, team or an organization.

We would like bring this collective effort to light by presenting various case study analyseswhich are relevant to the subject by means of example stated.

Thanking again for once and all to Mrs. Brinda Mam.

Pulkit ChawlaVarunesh MitraVarun Gulati


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Companys Profile

SUBSIDIARIES:

Larsen & Toubro Komatsu Limited

L&T Infotech

Larsen & Toubro EmSyS

Larsen & Toubro FinanceLarsen & Toubro InfrastructureFinance

Larsen & Toubro e-EngineeringSolutions

Larsen & Toubro Valves BusinessGroup
http://en.wikipedia.org/wiki/2008http://en.wikipedia.org/wiki/Forbes_Global_2000http://en.wikipedia.org/wiki/Goodyearhttp://en.wikipedia.org/wiki/Michelinhttp://en.wikipedia.org/wiki/Pirellihttp://en.wikipedia.org/wiki/Kvaernerhttp://en.wikipedia.org/wiki/Bechtelhttp://en.wikipedia.org/wiki/Chevron_Corporationhttp://en.wikipedia.org/wiki/Samsunghttp://en.wikipedia.org/wiki/Japanhttp://en.wikipedia.org/wiki/Middle_Easthttp://en.wikipedia.org/wiki/Europehttp://en.wikipedia.org/wiki/United_Stateshttp://en.wikipedia.org/wiki/Information_technologyhttp://en.wikipedia.org/wiki/Hydraulic_equipmenthttp://en.wikipedia.org/wiki/Constructionhttp://en.wikipedia.org/wiki/Conglomerate_%28company%29http://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Denmarkhttp://en.wikipedia.org/w/index.php?title=Soren_Kristian_Toubro&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Soren_Kristian_Toubro&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Soren_Kristian_Toubro&action=edit&redlink=1http://en.wikipedia.org/wiki/Henning_Holck-Larsen


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Vision, Mission and Core values

Note : L&TMumbai, July 28, 2008:. Performance for the quarter ended June 30, 2008. Profit afterTax grows by 33%.

VISION

The L&T vision reflects the collective goal of the company. It was drafted through a large scaleinteractive process which engaged employees at every level, worldwide.

STRATEGIC MISSION - LAKSHYATo 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 internationalstrategy consultant. It has set ambitious growth targets for each business. Create long-term value forour customers through superior product structuring by capitalizing on our knowledge pool. Alsoincluded are opportunities for diversification of L&T's business portfolio.

CORE VALUESPerformance DrivenInnovationIntegrityExcellenceCustomer FocusMutual Respect


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Derivate Analysis 1: Congruency between Vision,

Mission and Core values

There is clear accord & harmony among Vision, Mission & Core Values:

Lets take Performance: All 3 below focus on putting up performance, in one or the other way.

Core Value: Performance DrivenVision: Attaining global benchmarks, constantly creating value, meeting expectations of

employees, stakeholders and society, total customer satisfaction, enhancingshareholder value.

Mission: To complete and grow, ambitious target setting for each sector, strategic planning.

Lets take Innovation & Excellence: All 3 reflect companys ability to be innovative & its

excellence by diversifying & creating value.

Core Value: Innovation & Excellence.Vision: Indian Multinational, professionally managed, Entrepreneurial and empowered team,

L&T-ites shall be innovative, shall foster a culture of caring, continuous learning, highcorporate governance standards & constantly creating value.

Mission: Included are opportunities of diversification, create long term value by setting newstandards & through superior product structuring, capitalizing on our knowledge pool& consultation with leading international strategy consultant.

Lets take Integrity: All 3below shows companys uprightness, wholeness & unity.

Core Value: IntegrityVision: Entrepreneurial and empowered team, professionally managed and committed, foster a

culture of caring, trust (shows uprightness & honesty as an important part for integrity).Mission: Capitalizing on our knowledge (this clearly shows companys integrity and the

knowledge it has attained over the years).

Lets take Customer Focus & Mutual Respect: All 3 below shows companys uprightness,

wholeness & unity.

Core Value: Customer Focus & Mutual RespectVision: Customer satisfaction, enhancing shareholder value, fostering a culture of caring, trust,

meeting expectation of society, employees and shareholders (shows mutual respectand customer focus)

Mission: Create long-term value for our customers through superior product structuring,partnering our customers by offering solutions, deep understanding of Indian sectorand full range of financial products.


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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 Machinery2. Construction: Specialized Services, Infrastructure concessions, Building Products, Engineering

services & international projects3. Engineered Products & Systems: Refinery, Oil &Gas, Petrochemicals, Fertilizer, Coal Gasification,

Aerospace, Thermal Power plant, Nuclear Power plant, Defense, Cement4. 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:

Lets take look at few product Ads of L&T:

Ad focus in sync with Mission & Core Values:The words like Product Spectrum for power industryclearly reflects that company offers customized products with a plannedstrategy & multi utility which offer long term value to its customers as per themission statement of the company plus customer focus in terms of providing themwith comprehensive solutions. And creating value is one of its long term vision.

Ad focus in sync with Vision

& Core Values:

The line US$5 billion clearlyreflects an essential core value

i.e. excellence of the company

The line that company haslong term agreements with key

EPC contractors across the

globereflects the vision ofthe company in terms ofupcoming projects which hasa customer needs as focuswhich is an essential corevalue.

Line The company isapproved by global majors

reflects another core value ofthe company i.e. integritywhich has got recognizedaround the world as a

professionally managed

MNC & has set globalbenchmarks which is itsestablished vision.


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Ad focus in sync with Co. Values:Here if we look carefully in Features1st point: Tells about two thingsa.) Triple Offset Geometry: which reflects the core valueinnovativenessb.) 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 muchcompany respects its core values in terms of customer focus(with safety & handling as a feature), plus performance of theproduct & its design innovativeness.

Ad focus in sync with Mission:The words in red ribbon are as follows:Used in a wide range of applicationsincluding petroleum, chemicals and tank

farms

This clearly reflects that company offerscustomized products with a plannedstrategy & these offer long term value toits customers as per the mission statementof the company.


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L&T : Hydrocarbon-40 seconds TV Commercial starts like:

1st clip: Our finest achievement are not always seen2nd clip: ..but felt3rd clip: Giant Offshore Platforms (with a giant offs shore structure pic)4th clip: to tap riches of ocean5th clip: Refinery projects (with a huge refinery plant pic)6th clip: to fuel progress7th clip: Petrochemical projects (with huge pipelines &lightening structure)8th clip: that enrich lives9th clip: L&T Logo + Tagline (Its 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 & projects1st 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.

Offshoring Refineries

Petrochemical


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Mission and Core values with reference to a

recruitment advertisement

Recruitment advertisements on Naukri .com & MonsterIndia.comVisionMissionCore 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 finestorganizations. L&T Infotech is a full function software services organization based Mumbai, having development centersat Powai, Pune, Chennai, Mysore, Bangalore & Navi Mumbai. We are proud to have an impressive client list supportedby 23 international offices across USA, UK, Asia Pacific, Middle East Countries etc. Our global operations are supportedby a committed work force of about 5900 employees. We offer end-to-

end complete range of software solutions and consulting services in various domain & technology areas.Job Profile RecruiterExperience 0 year - 1 yearFunctional Area IT-SoftwareLocation Karnataka - BangaloreJob 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 2008Job Description

Adequate knowledge and experience in General Civil, Structural and Building works in Refinery/ Petrochemicalprojects. Exposure to 3D PDS / PDMS environment desirable. Selected candidates will be required to leadengineering teams.

Additional Information

Experience: 8 - 15 years

Job Category: Oil & Gas Construction

Job Location: Mumbai, Baroda

Key Skills: Civil, Structural, 3D PDS/PDMSJob 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 theirrecruitment advertisements.


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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 FitAD Focus on Values in Sync with core values of companyAD Focus on Personality Job Fit

A. LARSEN & TOUBRO LIMITED Corporate Risk ManagerJob 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 interestedin the above profile can also apply.Experience: 3-10 years.No. of openings: 2Job Location: Howai (Mumbai )

About Company Larsen & Toubro Limited (L&T), see or websiteAdditional Information


Education: B.Com, B.E/B.Tech

Job Category: Finance & Accounts Financial Services

Job Location: Mumbai

Key Skills:"risk profiling" ," risk analysis"," risk mitigation" ," risk evaluation" ,"risk", "projects ", "projectbids" ,"risk MIS"

Industry: Construction

Role: Financial/ Business Analyst Risk Manager/ Analyst

From Ability we can easily infer here that:Qualification EssentialEngineeringDesirable - MBA Finance

From Personality point of viewA person require must be an extrovert to handle Corporate Risk etc. plus introvertat the same time to mange knowledge & anaylse ongoing projects etc.


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AD Focus Ability Job FitAD Focus on Values in SyncAD Focus on Personality Job Fit

B. LARSEN & TOUBRO LIMITED Officer - Accounts & CostingJob 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: A)B.Com /M.com B)Inter ICWAI c) Final ICWAINo. of years of Experience: In case of a) 10 years b) 7 to 8 years c) 2 to 3 yearsComputer Skills: MS Officer , ERP exposure will be an added advantage.Behavioral Competencies : 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


Education: B.Com, ICWA, M.Com

Job Category: Finance & Accounts

Job Location: Mumbai

Key Skills:ERP ,budget Actuals,Inter unit Advices,NBDN Control,Capital PR`s,budgets,Inter ICWAI ,B.Com

/M.com ,Final ICWAI

Industry: ConstructionRole: Book Keeper/ Accounts Assistant Accountant Cost Accountant / ICWA Finance Assistant

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

From Ability point of view the above ad shows:Qualification EssentialComputer Skills- MS OfficeDesirable - ERP exposure

From personality point of view they are looking for an extrovert person who cancommunicate well, ready to acquire knowledge & is flexible to things taught.


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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 thecompany 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 Innovative2. 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 itscustomers.

The lines used in above AD are:FOR ENGINEERS : A benchmark in innovation

FOR A TRAVELLER : Fewer hours travelled, more hours lived.FOR THE RECORD : Asias highestFOR KONKAN RAILWAY : AccoladesFOR US : 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 animagination & 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.

Lets see how L&T structure is based upon the 9 Organizational Processes & how much relevant arethese processes in day to day functioning:

1) The person: Existential processesIn 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 Companys

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 processesIn 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 processesL& T offers vast no of roles available at the time recruitment, plus it also keeps on switching jobprofiles 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 ProcessesGroup 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 ProcessesTaking 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.

TheForbes Global 2000Ranking list for the year2008 ranked Larsen & Toubro at961. Plus Business Todayin 2008 has rated it as the best organization in terms of quality standards offered and gave it 7

thrank for

Asias best managed companies

This clearly is a parameter which shows that positive competition and collaboration exists in L&T.

6) The organization: Growth processesL&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 thecustomer value chain by creating value in various sectors as mentioned in company profile.

7) The organization-Environment Interface: Influence ProcessesL&T environment characteristics can be classified:

a. Influential to its customerby enhancing the value & income created, by its projects.

b. Influential to societythrough 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 awarenessL&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 processesL&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.
http://en.wikipedia.org/wiki/Forbes_Global_2000http://en.wikipedia.org/wiki/Forbes_Global_2000http://en.wikipedia.org/wiki/2008http://en.wikipedia.org/wiki/2008http://en.wikipedia.org/wiki/Forbes_Global_2000


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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 thechain and also delegates responsibilities & listening to employee suggestions & opinions tostrengthen this theory.

2. Balance Theory: As in L&T special care is taken then employees develop & foster under a cultureof caring. This often is done so that a balance exists between the sentiments & unity& quality ofbeliefs among employees.

3. Cognitive Consistency Theory: As per this theory & its implication in L&T, employees are testedto 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 & provethemselves 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 meansof taking:

a. Contrasting suggestions from employeesb. Different performance incentives

which bring about change in attitude to do better and come up with more logical and reasonablesuggestions 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. attentionb. comprehensionc. yieldingd. retentione. action

These however are brought about through various stages starting from paying attention to acceptingits influence and acting accordingly.

Five modes of attitude change which involves 5 processes :

1. Source2. Message3. Channel4. Receiver5. DestinationAll 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:

http://careers1.larsentoubro.com/sap(bD1lbiZjPTYwMA==)/bc/bsp/sap/zhr_erec_banner/main.do

If you are looking for a career that offers both professional growth and personal fulfillment, you have cometo 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 Companys

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 androse 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 isdiscussed 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 andworking culture & companys profile.

4. The website design plus its focus on empowering employees puts an extra element to attractemployees 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 itencourages 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 & easyavailability.

3. At L&T the employees are set targets & the better they achieve the handsomely they areoffered packages.

4. L&T through challenging tasks as well as care for its employees to trigger performance.
http://careers1.larsentoubro.com/sap(bD1lbiZjPTYwMA==)/bc/bsp/sap/zhr_erec_banner/main.dohttp://careers1.larsentoubro.com/sap(bD1lbiZjPTYwMA==)/bc/bsp/sap/zhr_erec_banner/main.dohttp://careers1.larsentoubro.com/sap(bD1lbiZjPTYwMA==)/bc/bsp/sap/zhr_erec_banner/main.do


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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 training6. Employee Motivation7. Frequent /consistent rewards and recognition for performance8. Changing & reviewing goals & targets & area of expertise.9. Set goals, review, evaluate, feedback.10.Be sensitive to personal issues11.Keep your promises12.Build employees self-esteem13.Staff events / Team building14.

React on employee suggestions15.Regular staff meetings, parties Everyone is equal to each other

16.Medical Facilities & Perks17.Flexi hours to senior officials18.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 foraround 12-14 years in their company plus even better compensation and CAR to retain its valuablestaff.


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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 anumber of formats. Instructor-led classes are taught in l&t Education Centers throughout. Thel&t Channel delivers a series of regularly scheduled interactive satellite broadcasts on l&tproduct training at Headquarters, field offices, education centers, and 3rd party sites. Course-in-a-Box is up-to-the-minute video-based training for new products, new releases, and productoverviews. More than 300 CBT (Computer-based Training) programs are available via the l&tUniversity virtual campus, a Web-based learning system.

Related Technologies Training: Related Technologies training courses include more advancedtechnology and much more.

Product Development Training: A number of classes specifically developed for l&t ProductDevelopment organizations are available. These include: technical foundation, architectureetc..

Support Training: The Worldwide Support organization delivers a complete schedule ofclasses exclusively for its employees to develop product and customer skills.

Sales Training: Sales skills, product sales and positioning, and business practices trainingprograms are available for sales reps and sales consultants.

Management Training: The L&T Management Training curriculum offers courses for bothnew 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):

For Graduate TraineesL&T's amazing growth story has been possible because of the fresh talent that flows in from engineeringcampuses. The top management believes in transforming fresh graduate engineers into future leaders bymaking 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 havegrown 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 canhave an overview of the breadth of work. It also helps him/her in getting acclimatized to the work ethos andstart delivering from day one.The 35-day programme consists of an orientation about L&T, its businesses, and projects undertaken. Thetrainees 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 & non-technical activities with lot of fun-filled activities such as In-basket exercises, Games, Activities, Contests andCultural Programs.

For MBA TraineesL&T offers employees more than a jobit offers them a lifetime career with challenging opportunities forcontinuous development and growth in diverse fields of business. The company has a culture that fosterspositive and healthy competition between individuals and provides opportunity to learn and grow with theorganization.For management recruits, diverse opportunities are available in HR, Finance & Accounts and Marketing. Thecompany recognizes and builds leadership by giving its recruits focused attention in terms of growthopportunities, 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 designand execution functions. These involve developing policies, while working closely with thetop management.

o Generalist Corporate HR Roleo New Initiativeso Performance Managemento Recruitment & Selectiono SAP HR

Roles in OD HR - L&Ts Divisional HR functions lay a strong emphasis on execution. The

employees gain a good working knowledge of current systems while working with businessmanagers and line people.

o Training & Developmento Recruitment & Selectiono Compensation & Benefitso SAP HRo Performance Management

Roles in Mergers & AcquisitionsL&Ts Mergers & Acquisitions functions offer multipleopportunities in project management, strategy, finance and marketing, helping employeesdevelop interpersonal and leadership skills. It involves various functions.

Roles in Treasury - As L&T is expanding its international operations, it places a strongemphasis on central management of funds and risks. L&Ts Treasury offers opportunities insystem implementation and up gradation, cash management, trade finance, bid support,coordination with L&Ts Operating Divisions (ODs) and with Subsidiary & Associate (S&A)companies. It has three divisions:


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o The Front Office: helps the employee to gain an understanding of the financial marketsin India and abroad, learn about financial products and develop deal execution andnegotiation skills.

o The Mid Office: carries out the compliance function. It generates reports from SAP onlimit utilization, MTM and other matters of relevance to top management.

oThe Back Office: carries out settlement of transactions, documentation, accounting,reconciliation, etc.

Roles in Risk Management - Corporate Risk Management is evolving and involves a great dealof interaction between consultants, industry forums and subject experts. Employees arerequired to leverage and build upon this network. It involves the following opportunities:

o Risk Profilingo Policy Articulationo Risk Analyticso 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 achieveparticular objective.

The organization shows clear characteristics of a formal working group. The follows points explainhow 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 Directorsi. Headed by Mr. A.M. Naik

ii. Followed by Subordinatesb. Non Executive Directors

i. Headed by Mr. S. Rajgopalii. Followed by Subordinates


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2. Also another characteristic which defines this as working group is that it is headed by aFocused Leader, Mr. A.M. Naik (who is in-charge as well as accountable for theperformance of the organization).

3. Each and every individual is working towards achievement oforganizational 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&TInfoTech, L&T finance etc. Delegation of authority is there as seen from organizational chartplus people are working to achieve individual goals and targets assigned, which is acharacteristic of a work group.

5. The company has been continuously achieving increasing turnover over the years, whichshows high level of motivation among its employees and which is a very importantcharacteristic of work group.

6. Each individual plays its part in offering different or contradicting or diverse views whichdecides for Quality Decision making, in turn growth which is of high importance in a workgroup. 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 surveypublished 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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References& Bibliography

1. www.larsentoubro.com2. www.larsentoubro.com/lntcorporate/common/ui_templates/homepage_news.aspx?res=P_CORP3.

naukri.com4. monsterindia.com

5. inflow-outflow.com/page/5/6. www.larsentoubro.com/lntcorporate/common/ui_templates/HtmlContainer.aspx?res=P_CORP_E

MID_DCOR

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Project Report OB L&T

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