Professional Documents
Culture Documents
LIST OF TOPICS
Introduction Organizational Structure Strategies- Marketing, Operational and Financial Organizational Culture Control System-HR Policies Focus on Cost, Quality and Profitability Corporate Governance Board Committees Code of Conduct.
BRITANNIA
ESTABLISHEDPRODUCT
1892
yogurt
PLANTS
Market Leader- 38% share & Annual Sales Turnover Rs.4847 Crores
Corporate Strategy- To lay the base to project our future as a successful 'food' company, a company that provides high quality and tasty, yet healthy foods and beverages.
Mission - To dominate the food and beverage market in India through a profitable range of Tasty Yet Healthy products by making every Indian a Britannia consumer.
ORGANIZATIONAL STRUCTURE
STRATEGIES
Marketing
Strategies
Target customers in each and every segment Customer-oriented approach New choices for consumers
Operational
Strategies
Techniques like JIT ,TQM ,Kaizen implemented to enhance the quality of products. Investment in infrastructure Consolidating its manufacturing locations Improvement in efficiency and cost reduction
Financial
strategy
Financial businesses named Britannia finance & kotak Britannia are established. Sinking funds kept to meet the future uncertainties Long term capital needs met by preference shares mostly
The critical Leadership Behavior/ Skills that are desired while hiring are:
Integrity Entrepreneurial Spirit
System and Process Orientation
Team Orientation
Communication
People Development
Quality Orientation
Learning Orientation
Customer Orientation
The talent search in Britannia has led to the following avenues (the recruitment and hiring is done from 3 different sources)
1.
Management Trainee program : (it includes campus hiring and training programs etc..) it leads To building a cross-functional, cross-regional and cross-divisional skills and competencies in the trainees who go through it. The ultimate objective is to build them into Business Managers of the future.
2. 1.
Lateral hires: Hire on a lateral basis from the market with a view to bring in skills and competencies from the premier companies.
4.
Energy Conservation
Replacement Of Inefficient Motors In Circulating Fans Of Baking Ovens By Energy Efficient Motors Installation Of Efficient Continuous Mixing System. Installation Of Roof Top Air Extractor (Operating Without Electricity). Installation Of CFL Lights Replacing Conventional Tube Lights.
5.
Benefit: Improved Productivity Reduction of Wastage Better Energy Utilization Process improvement.
A study on optimizing supply chain efficiencies was undertaken with the support of KPMG identify and prioritize the key initiative to derive benefits out of efficient purchase of raw materials, manufacturing & distribution logistics & operational plan. As a result,
Yielded a saving of Rs 202mn (partly because of opportunities identified in supply chain & partly from ongoing process improvement in business) Operating profit increased by 62% PAT increased by 30% Net sales increased by 22%
CORPORATE GOVERNANCE
Board of Directors
Head: Mr. Nusli N Wadia (Non-Ex. Chairman)
Audit Committee
Role of audit-committee : Review of Internal Audit reports and Statutory Auditors report on Financial
Statements
Remuneration Committee
Broad terms of reference of the Remuneration
Recommendations to the Board, of salary/perquisites To be responsible for the administration and superintendence of the ESOS
Approves and monitors transfers &transmission of securities. Looks into various issues relating to shareholders.
Nomination Committee
Appointment of the Managing Director
INNOVATION COMMITTEE
Address all matters relating to the Companys product Address technical development activities
Drug-Free Workplace
Fair Treatment Quality of Products & Services Media, Publishing and Public Appearances Financial Reporting & Records Dealing with Third Parties Gifts, Favors and Entertainment.
CORPORATE SOCIAL RESPONSIBILITY National Interest Corporate Citizenship Working with Governments
Financial Interests
Conflicts of Interest