Family vs professional

Family v/s Professional Business Entity

To. Prof, Ms. J Bhakayby

Prashant MahamulkarMMM – 2 year (I sem)2011-14

Roll no. 19

http://www.google.co.in/imgres?q=logo+of+godrej+company&hl=en&safe=active&sa=X&biw=1366&bih=587&tbm=isch&prmd=imvns&tbnid=sAfQMBKYqenaRM:&imgrefurl=http://newstonight.net/content/godrej-prop-invest-rs-1387-cr-2011-12&docid=30v158grBLHnNM&imgurl=http://newstonight.net/assets/imagecache/article/godrej-logo54.gif&w=340&h=340&ei=sGNgUKzuOIyqrAf2sIHgCw&zoom=1&iact=hc&vpx=87&vpy=126&dur=140&hovh=225&hovw=225&tx=115&ty=121&sig=106599741663272038534&page=1&tbnh=123&tbnw=123&start=0&ndsp=21&ved=1t:429,r:0,s:0,i:71

VISION

• ‘Godrej in every home and work place’.

http://www.google.co.in/imgres?q=logo+of+godrej+company&hl=en&safe=active&sa=X&biw=1366&bih=587&tbm=isch&prmd=imvns&tbnid=ZX-6w9y0xHzGdM:&imgrefurl=http://www.indiaretailing.com/people-movement-1.asp&docid=hfz8wboU878xlM&imgurl=http://www.indiaretailing.com/images/godrej-logo.jpg&w=125&h=90&ei=sGNgUKzuOIyqrAf2sIHgCw&zoom=1&iact=hc&vpx=706&vpy=127&dur=1359&hovh=72&hovw=100&tx=92&ty=48&sig=106599741663272038534&page=2&tbnh=72&tbnw=100&start=21&ndsp=28&ved=1t:429,r:18,s:21,i:198

http://www.google.co.in/imgres?q=cartoon+image+of+home&start=115&hl=en&sa=X&biw=929&bih=294&tbm=isch&prmd=imvns&tbnid=bnCIzHwGebjiAM:&imgrefurl=https://marketplace.secondlife.com/p/RE-Little-PinkPurple-Toon-House-Cartoon-HomePlayhouse/1947152&docid=7gvTLHzDyNWIMM&imgurl=https://d1ij7zv8zivhs3.cloudfront.net/assets/3031008/lightbox/pink%20purple%20little%20toon%20house%20ad%20pic1.jpg?1297817731&w=700&h=525&ei=LcpiUKiRJsWOrgeUsYDQBw&zoom=1&iact=rc&dur=382&sig=106730463638873926493&page=8&tbnh=108&tbnw=135&ndsp=17&ved=1t:429,r:6,s:115,i:83&tx=68&ty=58

http://www.google.co.in/imgres?q=cartoon+image+of+office+premises&start=144&hl=en&biw=929&bih=294&tbm=isch&tbnid=94N6Pr2UwmjzQM:&imgrefurl=http://designalmic.com/category/interior/interiors-type/working.html/interior/interiors-type/working/&docid=cWnrmNfltrL6pM&imgurl=http://designalmic.com/wp-content/themes/rockwell_v1.7.1/scripts/timthumb.php?src=http://designalmic.com/wp-content/uploads/2012/08/Forward-By-Jump-Studios-06.jpg&w=460&h=350&zc=1&w=460&h=350&ei=48piUIi3JYHNrQeA94HACA&zoom=1&iact=rc&dur=366&sig=106730463638873926493&page=10&tbnh=113&tbnw=149&ndsp=15&ved=1t:429,r:8,s:144,i:193&tx=86&ty=73


VISION

• “L & T shall be a professionally- managed Indian multinational, committed to total customer satisfaction & enhancing shareholder value. L&T-ites shall be an innovative, entrepreneurial & empowered team constantly creating value & attaining global benchmarks. L&T shall foster a culture of caring, trust & continuous learning while meeting expectations of employees, stakeholders & society.”

http://www.google.co.in/imgres?q=l&+t+logo&hl=en&safe=active&biw=1366&bih=587&tbm=isch&tbnid=fc_VoSIuglEJEM:&imgrefurl=http://sarkari-hub.blogspot.com/2012/08/l-t-power-vacancy-2012piping-qc.html&docid=6-oHC3NHmnkE3M&imgurl=http://4.bp.blogspot.com/-QagM5ojZyuk/UBqbrVoiyqI/AAAAAAAAAOM/DetXn82PdiM/s1600/l&t_logo.jpg&w=697&h=153&ei=XrxhULR3i7SsB7GKgNgK&zoom=1&iact=hc&vpx=125&vpy=186&dur=2016&hovh=105&hovw=480&tx=245&ty=91&sig=103671181918077047101&page=1&tbnh=38&tbnw=172&start=0&ndsp=21&ved=1t:429,r:1,s:0,i:71

http://www.google.co.in/imgres?q=cartoon+image+of+employee&hl=en&biw=929&bih=294&tbm=isch&tbnid=JGPyyC1VcqqIVM:&imgrefurl=http://www.andreadams.com/the_cartoon_express_office_7.htm&docid=1Mp4FHv9mvRM1M&imgurl=http://www.andreadams.com/assets/watermark%20files/office_7.jpg&w=455&h=467&ei=Q8xiUMzNAof4rQfWzIHQBw&zoom=1&iact=hc&vpx=390&vpy=-62&dur=816&hovh=227&hovw=222&tx=110&ty=157&sig=106730463638873926493&page=1&tbnh=96&tbnw=101&start=0&ndsp=14&ved=1t:429,r:3,s:0,i:77

http://www.google.co.in/imgres?q=cartoon+image+of+society&hl=en&biw=929&bih=294&tbm=isch&tbnid=fMxjpU2S0DGDyM:&imgrefurl=http://www.toonpool.com/cartoons/The%20multicultural%20society_40893&docid=E-JRT-MTL5OPLM&imgurl=http://www.toonpool.com/user/3447/files/the_multicultural_society_408935.jpg&w=500&h=209&ei=dMxiUOTGLcyJrAet1IDgDQ&zoom=1&iact=hc&vpx=162&vpy=18&dur=2130&hovh=145&hovw=348&tx=148&ty=96&sig=106730463638873926493&page=1&tbnh=52&tbnw=124&start=0&ndsp=12&ved=1t:429,r:1,s:0,i:71

PHILOSOPHY

• To achieve business excellence by enhancing the long term welfare of all its stakeholder.

• They believes that corporate governance is about creating outperforming organisations


http://www.google.co.in/imgres?q=cartoon+image+of+achieving+business&start=94&hl=en&biw=929&bih=294&tbm=isch&tbnid=fSbwBAW8gzwKoM:&imgrefurl=http://www.123rf.com/photo_6656794_business-performance-cartoon.html&docid=eu8LHAalq0fdEM&imgurl=http://us.123rf.com/400wm/400/400/goodshotalan/goodshotalan1003/goodshotalan100300017/6656794-business-performance-cartoon.jpg&w=400&h=285&ei=Uc1iUP-BN4nwrQf9rYGoBg&zoom=1&iact=hc&vpx=233&vpy=-26&dur=10&hovh=189&hovw=266&tx=145&ty=137&sig=106730463638873926493&page=7&tbnh=105&tbnw=147&ndsp=15&ved=1t:429,r:6,s:94,i:25

PHILOSOPHY

• Revolves around values based on a. Transparency b. integrityc. Professionalismd. Accountability• Adopts innovative approaches for leveraging resources • Converting opportunities into achievements through

proper empowerment & motivation • Fostering healthy growth & development of human

resources to take the company forward


http://www.google.co.in/imgres?q=cartoon+image+of+revolving+around+value&start=230&hl=en&biw=929&bih=294&tbm=isch&tbnid=PNAseCkWEm0q0M:&imgrefurl=http://www.intsysr.com/&docid=PNGXsVgO62wZAM&imgurl=http://www.intsysr.com/wp-content/uploads/2012/02/balance.jpg&w=400&h=300&ei=5c1iULvEGYmPrgeF_IH4Ag&zoom=1&iact=hc&vpx=627&vpy=-32&dur=3956&hovh=194&hovw=259&tx=146&ty=122&sig=106730463638873926493&page=15&tbnh=106&tbnw=169&ndsp=16&ved=1t:429,r:9,s:230,i:147

http://www.google.co.in/imgres?q=cartoon+image+of+revolving+around+value&start=347&hl=en&biw=929&bih=294&tbm=isch&tbnid=0G1A3THaNMmUoM:&imgrefurl=http://sarathc.com/information-technology-i-t-career-transition.html&docid=Q-wIXB9EDzxayM&imgurl=http://sarathc.com/wp-content/uploads/2010/09/pyramid-of-success.jpg&w=336&h=360&ei=9s1iUNTuJ8XjrAeGrIHgBw&zoom=1&iact=hc&vpx=74&vpy=-70&dur=899&hovh=232&hovw=217&tx=116&ty=159&sig=106730463638873926493&page=22&tbnh=108&tbnw=88&ndsp=18&ved=1t:429,r:0,s:347,i:171

BOARD STRUCTURE

Chairman

MD

2 Whole-time E D

10 Independent

Directors

Mr.Adi Godrej

Mr. Nadir Godrej

Ms.Tanya DubashMr. Mathew Eipe

10 Non E D07 Ind D


BOARD STRUCTURE

Chairman & M D

CEO & MD

6 Exe Dir 08 Non-Ex Directors

Mr.A M Naik

Mr. K Venkataraman

Mr.V K MagapuMr. M V Kotwal

Mr. S N SubrahmanyanMr. R Shankar Raman

Mr. Shailendra Roy

08 Non Exe Directors

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http://www.larsentoubro.com/lntcorporate/common/ui_templates/HtmlContainer.aspx?res=P_CORP_AABT_BSTR_ABRD_GKVR

http://www.larsentoubro.com/lntcorporate/common/ui_templates/HtmlContainer.aspx?res=P_CORP_AABT_BSTR_ABRD_SHANKAR

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INFORMATION

• Information supplied to the board • The board of the company is presented with all

information whenever applicable. These are submitted either as part of the agenda papers well in advance of the board meeting or are tabled in the course of the board meeting


http://www.google.co.in/imgres?q=cartoon+image+of+supplying+information&start=144&hl=en&biw=929&bih=294&tbm=isch&tbnid=V9Pr9A2SRLH0BM:&imgrefurl=http://frederatorblogs.com/refrederator/2006/03/&docid=C0mETu69hQDluM&imgurl=http://frederatorblogs.com/refrederator/files/2008/04/sound-effects.jpg&w=628&h=471&ei=S89iULHdHcmtrAfYm4Eg&zoom=1&iact=hc&vpx=225&vpy=-32&dur=623&hovh=194&hovw=259&tx=143&ty=129&sig=106730463638873926493&page=10&tbnh=105&tbnw=136&ndsp=18&ved=1t:429,r:7,s:144,i:193

http://www.google.co.in/imgres?q=cartoon+image+of+supplying+information&start=266&hl=en&biw=929&bih=294&tbm=isch&tbnid=lZoESKfGIowVmM:&imgrefurl=http://www.tamilguardian.com/&docid=rUHJSCMFsa73oM&imgurl=http://www.tamilguardian.com//files/Image/pictures/cartoons/cartoon342.jpg&w=1290&h=907&ei=Xc9iUJqtKsTWrQfD4YGICA&zoom=1&iact=hc&vpx=410&vpy=-26&dur=700&hovh=188&hovw=268&tx=181&ty=107&sig=106730463638873926493&page=17&tbnh=115&tbnw=148&ndsp=17&ved=1t:429,r:14,s:266,i:270

INFORMATION

• The board of directors has complete access to the information within the company

• Post – meeting internal communication system • The important decision taken at the board /

committee meetings are communicated to the concerned departments / independent companies


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http://www.google.co.in/imgres?q=cartoon+image+of+discussion+before+meeting&hl=en&biw=929&bih=294&tbm=isch&tbnid=x6NMbfJgBkh-5M:&imgrefurl=http://www.annarbor.com/cgi-bin/mt/mt-search.cgi?search=Eastern%20Michigan%20University&__mode=tag&IncludeBlogs=1&limit=20&page=10&docid=5QGm0CEtOnJZjM&imgurl=http://www.annarbor.com/assets_c/2010/10/EMU%20KKK%20Cartoon%20Meeting_5-thumb-590x390-56827.jpg&w=590&h=390&ei=kdBiUNejFYjIrQeY4YDIBQ&zoom=1&iact=hc&vpx=422&vpy=-20&dur=6711&hovh=182&hovw=276&tx=172&ty=90&sig=106730463638873926493&page=2&tbnh=112&tbnw=165&start=14&ndsp=15&ved=1t:429,r:7,s:14,i:138

PRODUCT

http://www.google.co.in/imgres?q=GODREJ+PRODUCT+LIST&hl=en&safe=active&biw=1366&bih=587&tbm=isch&tbnid=Av2KAeTbEBB9NM:&imgrefurl=http://www.moneylife.in/article/godrej-consumer-products-to-focus-on-new-3x3-strategy/5064.html&docid=z26izbiIx9sT8M&imgurl=http://www.moneylife.in/site/userimage/image/Godrej-brands.jpg&w=360&h=250&ei=1L9hUJrYGYnNrQeK-oHoDQ&zoom=1&iact=hc&vpx=882&vpy=146&dur=812&hovh=187&hovw=270&tx=140&ty=87&sig=103671181918077047101&page=2&tbnh=115&tbnw=165&start=24&ndsp=29&ved=1t:429,r:5,s:24,i:162

http://www.google.co.in/imgres?q=GODREJ+PRODUCT+LIST&hl=en&safe=active&biw=1366&bih=587&tbm=isch&tbnid=IxDC_7LY0p6AqM:&imgrefurl=http://www.marktech.co.in/index.php?route=product/product&product_id=1995&docid=atVoUqfGtZoR2M&imgurl=http://www.marktech.co.in/image/cache/data/Locks/3286-500x500.jpg&w=500&h=500&ei=1L9hUJrYGYnNrQeK-oHoDQ&zoom=1&iact=hc&vpx=780&vpy=244&dur=609&hovh=225&hovw=225&tx=104&ty=137&sig=103671181918077047101&page=2&tbnh=128&tbnw=139&start=24&ndsp=29&ved=1t:429,r:11,s:24,i:181

http://www.google.co.in/imgres?q=GODREJ+PRODUCT+LIST&start=294&hl=en&safe=active&biw=1366&bih=587&tbm=isch&tbnid=I7QUPVxe4C6K-M:&imgrefurl=http://www.dipity.com/timeline/Godrej-Refrigerator/&docid=lyPo96MKELnNZM&imgurl=http://cache.daylife.com/imageserve/09cR2UGh1weYJ/340x.jpg&w=340&h=432&ei=7r9hUNzeGo_RrQeXp4GQBw&zoom=1&iact=hc&vpx=93&vpy=164&dur=547&hovh=253&hovw=199&tx=97&ty=118&sig=103671181918077047101&page=11&tbnh=133&tbnw=109&ndsp=28&ved=1t:429,r:14,s:294,i:50

http://www.google.co.in/imgres?q=GODREJ+PRODUCT+LIST&hl=en&safe=active&biw=1366&bih=587&tbm=isch&tbnid=NjHjxxzAs_J7xM:&imgrefurl=http://purtips.com/Home-Appliances/Washing-Machine/Godrej-GWF-650-FDC/1745&docid=r0VTx2C_tZUoqM&imgurl=http://purtips.com/product_gallery/pro_1314146881_575_image_large_GWF%20650%20FDC.jpg&w=250&h=250&ei=qsFhUJGUBoXmrAfgrYCgCQ&zoom=1&iact=rc&dur=360&sig=103671181918077047101&page=2&tbnh=130&tbnw=129&start=24&ndsp=29&ved=1t:429,r:20,s:24,i:209&tx=67&ty=59

http://www.google.co.in/imgres?q=GODREJ+PRODUCT+LIST&hl=en&safe=active&biw=1366&bih=587&tbm=isch&tbnid=xEb_W4DKeKXCcM:&imgrefurl=http://in.tolmol.com/refineProductSearchAction.do;jsessionid=C63EF659C7070B63054A65A4921EC6E1.tolmol2?action=refineSearch&brandname=Godrej&id=600100250&cattree=Home+and+Garden+%7C+Home+Appliances+%7C+Refrigerators&brandId=231&docid=dF2MDKxowo-XtM&imgurl=http://images.tolmol.com/images/modified/2009/4/2/1//tolmol_118481461927654_eon1.jpg&w=250&h=250&ei=qsFhUJGUBoXmrAfgrYCgCQ&zoom=1&iact=hc&dur=453&sig=103671181918077047101&page=1&tbnh=124&tbnw=129&start=0&ndsp=24&ved=1t:429,r:7,s:0,i:89&tx=110&ty=121&vpx=1075&vpy=139&hovh=200&hovw=200

http://www.google.co.in/imgres?q=GODREJ+PRODUCT+LIST&hl=en&safe=active&biw=1366&bih=587&tbm=isch&tbnid=lbHX1SxmSaQmpM:&imgrefurl=http://www.priceindia.org/electronics/godrej/godrej-tv-price-list/&docid=_Hift78JQ1GelM&imgurl=http://www.priceindia.org/electronics/wp-content/uploads/2012/01/godrej-tv-price-list.jpg&w=496&h=340&ei=qsFhUJGUBoXmrAfgrYCgCQ&zoom=1&iact=hc&vpx=485&vpy=59&dur=797&hovh=186&hovw=271&tx=133&ty=99&sig=103671181918077047101&page=1&tbnh=113&tbnw=165&start=0&ndsp=24&ved=1t:429,r:3,s:0,i:77


PRODUCT

http://www.google.co.in/imgres?q=L&T+PRODUCT+LIST&start=163&hl=en&safe=active&biw=1366&bih=587&tbm=isch&tbnid=OpRcgahBREGLFM:&imgrefurl=http://www.thehindubusinessline.com/companies/article3442026.ece?homepage=true&ref=wl_home&docid=xrpduY4aLII4mM&imgurl=http://www.thehindubusinessline.com/multimedia/dynamic/00962/bl22_ahvpt_essar_va_962747f.jpg&w=636&h=418&ei=pcBhUJ_WKIXrrQfIlYGoCw&zoom=1&iact=hc&vpx=424&vpy=28&dur=13219&hovh=182&hovw=277&tx=133&ty=87&sig=103671181918077047101&page=7&tbnh=103&tbnw=157&ndsp=27&ved=1t:429,r:22,s:163,i:345

http://www.google.co.in/imgres?q=L&T+PRODUCT+LIST&start=190&hl=en&safe=active&biw=1366&bih=587&tbm=isch&tbnid=FNZNfDqh-Oea7M:&imgrefurl=http://topnews.in/lt-quotes-lowest-bid-hyderabad-metro-2266835&docid=bzwA2GfJTI5FoM&imgurl=http://topnews.in/files/LT-Quotes-Lowest.jpg&w=425&h=340&ei=x8BhUNnhB4jNrQfd64DABQ&zoom=1&iact=hc&vpx=279&vpy=194&dur=531&hovh=201&hovw=251&tx=118&ty=114&sig=103671181918077047101&page=8&tbnh=121&tbnw=153&ndsp=29&ved=1t:429,r:1,s:190,i:9

http://www.google.co.in/imgres?q=L&T+PRODUCT+LIST&hl=en&safe=active&biw=1366&bih=587&tbm=isch&tbnid=I66GDeUIXmEfyM:&imgrefurl=http://blogs.reuters.com/moneyonthemarkets/page/19/&docid=3B0kTQphfHiPSM&imgurl=http://blogs.reuters.com/moneyonthemarkets//files/2010/06/cr_mega_1000_steel13.jpg&w=540&h=404&ei=ncBhUPWLHMutrAeZx4G4Dg&zoom=1&iact=hc&vpx=92&vpy=112&dur=4750&hovh=194&hovw=260&tx=137&ty=109&sig=103671181918077047101&page=2&tbnh=125&tbnw=167&start=21&ndsp=28&ved=1t:429,r:14,s:21,i:182


CONCLUSION

• More centralization in decision making

• Product centered business

• Ownership is there• Tightly runned

• Decentralization of decision making

• Turnover centred business not product specific

• Loosely held• Lacks ownership


Thank you

Family vs professional

Technology

Transcript of Family vs professional