07-02-2013, 10:16 AM
Management Control System Projecton TATA Motors
Management Control .pptx (Size: 322.69 KB / Downloads: 24)
Introduction
Founded by JRD Tata in 1945
consolidated revenues of INR 1, 65,654 crores for the financial 2011-12
spread across Jamshedpur, Pune, Lucknow, Pantnagar, Sanand and Dharwad along with international presence
vision is to be ''best in the manner in which we operate, best in the products we deliver, and best in our value system and ethics.''
The company’s Mission is “Leadership with trust.”
Objectives
Employee Focus: Make the organization a Great Place to work
Community Focus: Be a responsible corporate citizen
Supplier Focus: Treat Suppliers as partners
Shareholders Focus: Demonstrate superior results
Customer Focus: Improve Customer Satisfaction.
Code Of Conduct
25 codes called clauses for its conduct with various parties i.e. nations in which it operate, the public, the government, the customer, the employees, the stakeholders etc.
Financial reporting & records
Competition
Government agencies
Quality of products
Corporate citizenship
Use of TATA brand
Ethical conduct
Regulatory compliance
Reporting concerns
Coordination and Communication
Tata Motors has newsletters and house magazines published monthly for each division.
ManCom meeting for all departments together.
All the departments are interconnected with intra networking and internetworking system.
Various periodic articles about the wellbeing of employees, promotions, deaths, etc. to make employees connected.
REWARD
Promotions based on performance
Productive and profit linked incentive schemes
Selection of supervisors based on performance / attendance/ discipline etc.
Job rotation (dept. shifting options) – including inter functional
RETENTION AND EMPLOYEE WELFARE
Residential colonies for employees.
Hospitalization reimbursement on actual without ceiling.
Vehicle loans
Household equipment loans
House building advance
PF trust policy- for better mgt.
Better pension scheme
AUDIT COMMITTEE
Reviewing the quarterly financial statements before submission to the Board
Reviewing with the management, external auditor and internal auditor, adequacy of internal control systems and recommending improvements to the management.
Recommending the appointment/removal of the statutory auditor, cost auditor, fixing audit fees.
Compliance
Review the effectiveness of the system for monitoring compliance with laws and regulations and the results of management's investigation
Look into the reasons for substantial defaults in the payments to the depositors, debenture holders, shareholders and creditors.
Review the process of communicating the Tata Code of Conduct to employees