08-10-2012, 10:49 AM
WIPRO INFRASTRUCTURE ENGINEERING
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INDUSTRY ANALYSIS
The word “hydraulics” originates from the Greek word ‘hydraulics’ which in turn originates from meaning ‘water organ’ which in turn comes i.e., Hydraulic fluids are a large group of minerals oils, water-based or water used as the medium in hydraulic systems.
Hydraulics is a topic of science & engineering dealing with the mechanical properties of liquids. Hydraulics is part of the more general disciple of fluid power. Fluid machines provide the theoretical foundation for hydraulics, which focuses on the engineering uses of fluid properties.
The Indian hydraulic industry started in early sixties primarily objective of import substitution of some of the hydraulic products being used by the industry in various applications. Since most of the Indian industries have been set up, based upon the variety of technological sources, the range of their specification is very wide.
Due to this, the range of products in the oil hydraulic industry is also quite wide resulting in a very small batch for each product. It is therefore, difficult to specify a minimum economically viable capacity for the industry. While there has been a continued overall growth in oil hydraulic products business due to large variety of specialized products to meet specific individual applications, volume growth in individual products has been very low. With low volumes and high development costs concerning tooling, casting and forging, the industry has been able to adopt modern production methods.
COMPANY ANALYSIS
INTRODUCTION OF WIPRO INFRASTRUCTURE ENGNEERING
Wipro Ltd has started in early 1940’s they started with vegetable oil, later in 1980’s they went on for production hydraulic equipment, soaps, lightning their revenues was 400mn.
Later in 1980’s they enter into manufacturing of PC, Medical system. With the globalization of Indian economy in 1991 Wipro gained advantage & entered into consolidation of IT business into software, Global R&D and Personal Products. As a result company revenue has increased to 18$ billion, Net profit goes to 2 $ Billion.
In the year 1998 to 2008 Wipro entered into Global IT, BPO, and Consultancy & FMCG. During this period company has Acquired Acquisitions in 7 countries its Revenue went to 200$ billion and PAT (Profit After Tax) goes to 22$billion. There was a consistent Growth of 25% in Revenues and 30% Growth in Net Income and 25% Market capitalization based on Compound Average.
REVIEW OF ORGANIZATION STRUCTURES :-
Wipro Infrastructure Engineering is maintaining their organization with centralized authority, where many number of subordinates is managed. Where a chairman is the head of the organization & followed by MD. Its function based structure is bounded to its strategy, where its objectives & goals are aligned with its structure.
In Wipro Infrastructure engineering they can make quick decisions, coordinate, and control & reduce problems in communication from top to bottom. Every post in the structure has a clear role and added value to the way the organization works.
HUMAN RESOURCE DEPARTMENT
The scope of human resources function is quite vast. All the major activities or decision pertaining to employees are taken by that department such as Planning, job design, job analysis, procurement, recruitment, selection, induction, placement, training and development etc. In Wipro Infrastructure Engineering, this department is also dealing with all activities of employees from entering into organization to until he leaves, retires. This department is managed by Mr. Annappa G.
RECRUITMENT & SELECTION OF EMPLOYEES
In the company recruitment procedure is direct. Their recruitment process starts from the ads in the newspaper in which they mention all requirements for particular job, through consultants, campus recruitment, & employee reference. They fix the interview date & venue. At the time of interview they check all documents and then interview on the basis of job.
TRAINING & DEVELOPMENT
The aim of training and development is to define the output variables specifically. Measure the capabilities of the employees in the context of the current and the future job, which increase the possibility of their employability in the context of their business.
Full utilization of the talents of the manpower and the development of these resources. Employees are trained to manage well the system of the company. Bring in continuous improvements in the organization.
EMPOWERMNET
It is the process of giving employees more power to exercise control over and take responsibilities for their work. It can speed up decisions making process and accelerate the response time to meet the changing needs of the customer, creativity of the employees provide for greater job satisfaction, motivation and commitment gives people more responsibility.