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Voltas Limited-Organisational Strategy, Hr Plan, Hr Strategy, Vision, Mission and Values

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VOLTAS LIMITED
ELECTRICAL AND MECHANICAL DIVISION QATAR

BY: RIDHI MAZUMDAR

VISION
The Voltas story demonstrates that an ambitious goal and vision can drive both internal transformation and business growth.
Thirteen years ago, Voltas was on the verge of shutting down that is when voltas fornulated a brand new vision plan named "MEGAVOL".
Megavol — a business plan that aimed to achieve Rs100,000 million turnover with 10 per cent profitability by 2010-11. “Ourplan involved pursuing both organic and inorganic growth,” says managing director Ashok
Soni, the man who took over the wheel in 2001 and has steered the organisation to its present course.The Megavol …show more content…

Board reviews are carried out followed by mid-course corrections. All of the above mentioned plans are followed by developing Operating Plans and cascading of Divisional Balance Scorecard, Compromising perfomance measures, targets, timeframes and strategic initiatives.

HIGHLIGHTS OF HUMAN RESOUCE PLAN
The cornerstone of the Voltas Human Resources Management philosophy is the conviction that the well-being of the company and of its people are interdependent; and that the company's most valuable assets are its people.
The Human Resource Managment Plan includes:
· Employing the most competent, on the basis of merit
· Ensuring every employee is treated with dignity and respect, and in a fair, consistent and equitable manner
· Creating a stimulating, enabling and supportive work atmosphere
· Aiding and Encouraging employees in realizing their full potential

CORPORATE STRATEGY
Based on the recommendations of the Tata Strategic Management Group (the management consultancy that's part of the Tata Group), Voltas began an internal regeneration drive. A detailed study was made on how the market would shape up, the competitors, their offerings, strategies, the market spread - in short, everything related to the Indian AC market. The recommended solution: transform Voltas from an engineering to a marketing company.
To effect that transformation, Voltas planned a 'Big Bang strategy' that spelled out ways

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