...Case study:Singhania and partner Introduction:Singhania & Partners is a full-service national law firm, a successful international corporate and commercial litigation, arbitration and intellectual property law practice. In my opinion, Singhania & partners should be to strengthen the trust of employees, because it is an essential prerequisite for all real commercial success. The Discussion on Mohothra and Singhania Law Co. HR Practices Human resources practices mean the methods that are adopted to conduct various employment actions (Mayhew, 2012). As one of the largest law firms in India, Mohothra and Singhania Law Co., has unique features in its HR practices. Besides the regular HR work, the HR practices of Mohothra and Singhania Law Co. has three features in its HR practices: open door policy, all merits based career growth and stress free environment. Firstly, the company conducts open door policy. There is open house every two weeks on which small presentations on different topics are organized, offer opportunities for employees training. The lawyers at all levels are encouraged to make the presentation. Combined with bi-weekly open house and weekly senior management meeting, the company is open to hear different opinions and suggestions. What’s more, with the open door policy of the company, any employee is accessible to senior management for discussions. Secondly, the career growth of the employees is all merits based. The company does not rely on annual performance...
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...CASE ANALYSIS People Management – Singhania & Partners Group D1 Ankit Agarwal Kausik.R Meenu Rajpal Pramod Khandelwal Syed Reza Salis Naqvi Objective of the Analysis 1. How can Singhania and Partners sustain the effectiveness of people management policies with increasing competition? I think the CEO is worried about what they pay rather than the HR policies per se. Be more specific PESTC Analysis Political and Legal: Economic liberalization by the government of India. LPG (liberalization, privatization and globalization) by GOI gave a fillip to foreign investment and subsequently, legal services industry. Foreign law firms are not allowed to set shops in India or practice Indian law. Imminent liberalization of legal service industry which will increase competition. Law firms were prohibited to directly market their services. Legal system was very slow. Economic: High growth market for legal services. Availability of highly skilled capital at competitive prices. Growth of LPO (legal process outsourcing) industry providing a boost to legal services. Huge market for legal services in the US accounting for 49% of the global industry. Arbitration opportunities in India provided a market for legal services. Growth in the IT and infrastructure sector giving a fillip to legal services. Social: Lack of educational and vocational opportunities for the people to develop their career in legal services industry. Inclination of people...
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...corporations. With this demand, the legal service market in India became more competitive for corporate legal advice. High attrition rate and foreign law firm had become a major issue causing movement of partners and associates amongst legal firms. Singhania and Partners, an Indian national law firm realized the importance of hiring and retaining talent was the source of competitive advantage (Kapoor). The firm developed an effective Human Resource Management system by establishing career growth based on merit, having discussions, and giving recognition to keep employees loyal and motivated. Merit pay systems have an advantage in helping businesses attract and retain top talent. According to the founder of Singhania and Partner, Ravi Singhania stated that a new employee’s salary increased by 50% before the employee receive his first cheque because he provide value to the firm, and he seemed happy (Goyal,2008). High achievers usually prefer to work for organizations where they feel their accomplishments will be acknowledged and rewarded. For established employees, merit compensation helps keep employees who might otherwise leave for better-paying opportunities. This system encourages stronger employees to stay with the company. In Singhania and Partner, Singhania held weekly senior management meeting and bi-weekly open house to discuss any dissatisfaction provide suggestion, and voicing opinions. Successful organizations understand that employees who are actually...
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...People management Students Name Institution Singhania worked in his father’s law firm where he was exposed to a number of challenges while practicing law; he was also able to learn how the challenges could be solved. With pieces of advice from the father, Singhania managed to start a law firm that became one of the major players in Indian legal industry. His small firm, which started with only two lawyers, rose to a bigger one with fifty lawyers within a period of six years. The achievements were made easier by a well laid down strategy of Singhania and Partners Company. The strategy of Singhania and Partners was to get skilled lawyers and retain them in the firm to help the organization provide their clients with high quality legal services. Focus was on the high demand for legal services created during the liberation of Indian economy; there was high demand for legal services and the industry had a shortage of skilled lawyers. Getting skilled lawyers was a big challenge as the industry had a few lawyers that were skilled, particularly in the foreign legal issues. The few skilled staffs that were in the market kept on moving from one firm to another while others creating their own firms. Singhania and partners provided the best environment for their employees that gave room for development; employees were promoted based on their performance. Considering their lawyers as assets, the organization developed...
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...Introduction: Singhania & Partners is a full service national law firm, with a successful international corporate & commercial, litigation, arbitration and intellectual property law practice. As a management consultant, my opinion --- Singhania & Partners should enhance employee trust because it is the essential precondition on which all real business success depends. Background: Mr Ravi Singhania and Ms Manju Mohotra’s are concerned about the firm's current HR practices and are anxious about whether the firm faces human resource risks. Problem: The high attrition rate in the Indian legal services industry has become an alarming problem. There has been movement of partners between legal services firms. In future, the entry of foreign law firms into India could have created more competitions among the law firms. Opportunities: Employee-trust is the building block for gaining the respect of your staff, creating positive work relationships within your team, and enabling staff to handle stress and uncertainty in the work environment. Recommendations: Managers can build trust by demonstrating that they are guided by ethical standards and beliefs and then by exhibiting behaviors that are consistent with those standards and beliefs. A variety of conditions and factors can enhance employee trust. Four of the most important are credibility, integrity, reliability, and commitment. Conclusion: Employee-trust is generally something that is earned over time. Building...
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...| Name of the case | Name or names of the person created the final output | 4 | 3 | People Management, The Mantra For Success: The Case Of Singhania And Partners | Ashish.K.AgarwalKaran BabarChitra BenganiDebasmita NandyDeepak PoddarDhananjay DixitGourav Mukherjee | Problem Statement How can Singhania And Partners sustain its successful people management system in future? | System | EA Factor (Political, Economic, legal etc.) | Implications on the problem | Political : | As more and more countries (for ex. China, Korea) are increasingly liberalising their legal services, the Indian Government may also follow the path. Thus competition may increase immensely in the sector, an increase in the attrition rates has already created a scarce of resource of legal professionals. Thus Singhania And Partners can also face the heat. | Economic: | There is a scarcity of legal professionals in India, and the scope of work increasing consistently (Starting with the liberalisation of Indian Economy to current outsourcing scenario). Thus it is very important for Singhania And Partners to maintain its people management system. | Legal: | Currently foreign law firms are prohibited from giving any legal advice that could constitute practising Indian law. This is an advantageous situation for Indian law firms like Singhania And Partners as it increases their work horizon and decreases the competition. | Social: | As India’s legal system is slow, the companies preferred arbitration...
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...J.K TYRES Report on J.K tyres Assignment of Business Policy and Strategic Management Submitted By:- Submitted To:- Md. Talha Sarwar 14-MBAK-59 GG1779 Mr. Yashik P. Sir (Assistant Professor) Department of Business Administration Contents • Introduction to company • Vision, mission, business definition, goals and objective of company • SWOT analysis • Environmental appraisal • Organisational appraisal • Business level strategy • Corporate level strategy • Corporate governance • Corporate Social responsibility • Functional implementation • Operational implementation • About stake holders • Project implementation of co. • Resource allocation 1 COMPANY PROFILE JK Tyre and Industries Ltd. is a mega corporate entity that is emblematic of excellence, diversification and pioneering new technologies. A part of JK Organization which ranks among the leading private sector groups in India, JK Tyre and Industries is committed to self-reliance and follows an ethic that views customer satisfaction as an index of achievement. HISTORY: JK Tyre started manufacturing of tyres in 1977 with a capacity of 0.5 million tyres per annum which has grown over the years to its present capacity of 8.7 million tyres per annum. It has four modern plants in India, strategically located in the State of Rajasthan, Madhya Pradesh and Karnataka. The Company produces and sells tyres and tubes under well-known brand names of "JK Tyre” and “Vikrant” for all categories...
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...3. Resources 4. Risk taker 5. Initiator 6. Influencer The Evolution of Kishore Biyani- 1987-88-He began manufacturing trousers 1988-92-He got BARE jeans and John Miller in the Indian market 1997 -2000- He launched his stores starting with the private label Pantaloons, department stores and then other formats 2006-Biyani commands over 1.3 million sq ft of retail space Background* Mr. Kishore Biyani, B.Com., PGD is a founder and serves as the Chief Executive Officer of Future Group. Mr. Biyani has been the Managing Director at Pantaloon Retail (India) Limited since April 1, 2005. He has been a Managing Director at Future Ventures India Limited since February 5, 2008. Mr. Biyani serves as a Managing Partner and Chairman of Indivision Capital Fund. He served as the Non-Executive Chairman of Future Capital Holdings Limited until September 28, 2012. He has been Director of Future Ventures India Limited since October 8, 2007. He serves as an Executive Promoter Director of Pantaloon Retail (India) Limited....
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...At the same time, along with the sharp increase in customer numbers, spare parts and service business is creating reliable revenues and considerable profits for automotive companies. Maruti Suzuki India Limited has been a market leader in the India Automobile Industry. The study attempts to study the channel management principles and dynamics in Car Spare parts adopted by Maruti Suzuki India Limited. MARUTI SUZUKI INDIA LIMITED SPARE PARTS CHANNEL MANAGEMENT MARUTI SUZUKI INDIA LIMITED SPARE PARTS CHANNEL MANAGEMENT By- Aman Srivastava UM14069 Amiya Arnav Um14071 Anish Avinash Sahu UM14072 Rajesh Kumar Panda UM14101 Saurabh Paul UM14105 Tanya Singhania UM14117 By- Aman Srivastava UM14069 Amiya Arnav Um14071 Anish Avinash Sahu UM14072 Rajesh Kumar Panda UM14101 Saurabh Paul UM14105 Tanya Singhania UM14117 ACKNOWLEDGEMENT A successful project can never be prepared by the singular efforts but it also demand the help and guardianship of some conversant person who under pin actively or passively in the completion of a successful project. Our project would not have taken the present form in the absence of the invaluable guidance, inspiration and cooperation from many people. We take...
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...“ERP – THE CHANGES TRENDS SALES AND DISTRIBUTION” Prof. S.L Gupta* and Ms Richa sharma** * Professor, Birla Institute of Technology(Deemed University), Noida Campus, Noida (U.P). ** Research Scholar, Singhania University, Rajasthan. ABSTRACT TO keep pace with rapid changes in the business world, companies need an integrated and flexible enterprise system that supports all aspects of their business with state-of-the-art functionality. An Enterprise Resource Planning (ERP) system helps companies to run their businesses in an effective and efficient manner by providing integrated and consistent information flow. It makes the task of keeping track of all the transactions so much easier. A retail ERP system allows automatic recording of the transactions in real-time environment. They have become indispensable tools to survive and increase profitability in race of running the large organization. SAP ERP system is tightly integrated with the Sales and Distribution module. This integration enables the mapping and supply of single-site or multi-site organizations. Developing precise logistics planning for just-in-time deliveries, this system can also generate replenishment orders by using defined warehouse requirements. The ERP Information Systems facilitates faster and better management decisions by providing crucial information in a timely manner. The research focuses on to gain in general understanding of...
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...“GEOGRAPHICAL DISTANCES HAMPERING WOMEN CAREER - A CORPORATE AND ‘THE WOMAN’ PERSPECTIVE” SHEETAL DAMEY PRIYANKA KHOSE TRUPTI MALGAONKAR H & GH MANSUKHANI INSTITUTE OF MANAGEMENT 9922577556,9664867202, 9960745741 Sheetal0265@gmail.com, truptimalgaonkar@gmail.com priyankakhose@yahoo.co.in Abstract "Women account for one-half of the potential talent base throughout the world and therefore, over time, a nation's competitiveness depends significantly on whether and how it educates and utilizes its female talent," said Professor Klaus Schwab, founder and executive chairman of WEF. India has the lowest percentage of women employees (23%), followed by Japan (24%), Turkey (26%) and Austria (29%), according to the Corporate Gender Gap report brought out by the World Economic Forum on March 08, 2010. Work-life balance among women is now-a-days a crucial issue that many organizations are taking into consideration. When employees go back to their homes, they should not carry any organizational stress with them. A woman has two roles to play- personal and professional; each role having different set of demands. Such role demands are overlapping due to geographical issues. Women travelling 2-3 hours to reach workplace are having considerably high stress. This impact on performance pressure and losses for all concerned: the individual, the family and the organization. This leads to family–work conflict (FWC) and work–family conflict (WFC). FWC and WFC are more likely to...
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...IN-COMPANY TRAINING REPORT ON “MARKETING STRATEGIES OF JK TYRES” COMPLETED IN JK TYRE LIMITED [pic] SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENT OF B.COM (H) IIIRD YEAR DELHI COLLEGE OF ARTS & COMMERCE, NEW DELHI TRAINING SUPERVISOR: SUBMITTED BY: MR. HARMEET SINGH KOHLI KARAN ARORA (Marketing Manager Central Zone) ROLL NO. 336 SECTION - A STUDENT DECLARATION I hereby declare that the Summer Training Report conducted at “Marketing Strategies of JK Tyres” submitted in partial fulfillment of the requirement of B. Com(h) III Year. It is my original work and the same has not been submitted for the award of any other Degree/diploma/fellowship or other similar titles or prizes. KARAN ARORA ROLL NO. 336 SECTION - A UNDER THE GUIDANCE OF: MRS. NEHA AGGARWAL MR. PANKAJ KUMAR (FACULTY OF COLLEGE) Student signature ACKNOWLEDGEMENT It is indeed a moment of immense gratification for me to express my deepest gratitude to Mr. Harmeet Singh Kohli, (Marketing Manager Central Zone) for providing me with an opportunity to carry out this project study and help me create this report on “Marketing Strategies of JK Tyres". I am grateful to him for forecasting an excellent academic ambience...
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...Emerging Markets Perspectives - CEO Insights Emerging Markets Perspectives - CEO Insights 1 Convergence & Differentiation What is success in a connected world?* Methodology This report was developed to provide a unique perspective from which to view the successes of companies based in emerging markets. While there are many reports providing valuable insights on how multinationals can expand into emerging markets, very few take a systematic approach towards looking at how emerging-market companies have not only fended off developed-world multinationals, but also found their own ways to expand into foreign markets. In addition to drawing on the insights of PricewaterhouseCoopers partners and associates from every market, we relied on two additional sources: 1. The 11th Annual PwC Global CEO Survey: The authoritative analysis of CEO views on business opportunities and risks of operating in an increasingly connected world. PricewaterhouseCoopers has published the survey for more than a decade, reaching out to more than 1,100 chief executive officers worldwide. The 11th Annual Global CEO Survey was launched in January 2008 at the World Economic Forum’s annual meeting in Davos. The survey data were re-analysed for this report at the country level as well as by contrasting insights from developed versus emerging markets. For the purposes of this report, we define “developed nations” to include 19 economies, including the United States and Canada, 15 in Western Europe, Japan...
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...We explore, we discover, we’re the first to conquer. We make our own uncontested space which others follow. And create new pathways where no one exists. Dr. Lalit Khaitan - Chairman & Managing Director Abhishek Khaitan - Managing Director Dear Shareholders, I write this at a time when the world has begun to heave a sigh of relief as the first sign of the end of recession start appearing on the horizon. With this positive transformation taking place at the macro level, your company too has started gearing itself to reach new heights of business success. It will be our endeavor to take advantage of the emerging optimism in the global as well as Indian economy in the larger interest of our stakeholders. India today is at the cusp of a major growth era that may last for a very long time. Your company is well poised, after emerging relatively well from the recessionary period, to ride the rising curve of Indian growth story. While we intend to retain the ‘old is gold’, we are fully conscious to grab the new business opportunities that synthesize well with the growth pattern of the Indian economy. Year 2009-10 was indeed a fruitful year as we achieved an overall 23% net revenue growth. Our total volume stood at 14.6 mn c/s. Our brands like Magic Moments Vodka, 8 PM Whisky and Old Admiral Brandy were top earners and our new brand last year, Morpheus, struck a chord with our esteemed consumers. I assure you that your company will continue to gain significant market share in the...
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...Test Number of questions: 1. 2. 3. 4. 5. 1 50 This personality is the present European Union’s Trade Commissioner. Can you identify him from the given options? a. Pascal Lamy b. Peter Mandelson c. Jose Manual Barosso d. Catherine Ashton Which of the following personalities won the Wimbledon’s Men’s Singles title for 2010 recently? a. Rafael Nadal b. Roger Federer c. N. Djokovik d. A. Roddick This personality is the CEO of the newly formed Bharti AXA Life Insurance Company Ltd. Identify him from the given options. a. Vikram Mehmi b. Nitin Chopra c. Kamesh Goyal d. None of these This person has been appointed as the chairman of the Unique Identification Authority of India (UIA). Name him from the given options. a. N.R. Narayana Murthy b. K.V. Kamath c. Nandan Nilekani d. Sam Pitroda The present External Affairs minister of India is… a. Murali Deora b. S.M. Krishna c. A.K. Antony d. Anand Sharma General Knowledge Take Off Time: 20 min 6. As per the third Annual Quality of Life Index study conducted recently, this is the most livable city in the world. We are talking about…. a. Copenhagen b. Tokyo c. London d. Zurich 7. The present President of ASSOCHAM is… a. Kumaramangalam Birla b. Sajjan Jindal c. K.V. Kamath d. Swati Piramal 8. Animal Planet is the name of the channel that belong to… a. BBC b. CNN c. Discovery Communications d. Star 9. Which of the following is the youngest ...
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