Group
By:
Akhilesh Singh Rawat
Harish Kumar
Pushpendra Kumar Singh
Shubha N. Bhambhani
PG-PPM , MDI GRGAON
Issue at hand
Krishna Kumar is facing a dilemma that Mr.
seriously
CDC has spent considerable time and discussion
in selecting the candidate
Bhowmick may help the person whom he chooses
but not the person selected by the system
Good Judgment vs number based performance
in 1903
Indian Hotels Compnay(IHC) was sole share holder
Under Ajit Kerkar who led during 1970 to 1997 , saw
rapid growth & at one point Taj group owned more then
80 properties within Indian and overseas
Kerkar was charismatic leader running organization on
personal relationship
Success for employees was determined by the proximity
to Kerkar - Resentment among executive who were not
in Kerkars coterie
Salaries were 15-20% below the market
Lack of Corporate Governance - Questions were raised
for not meeting ethical standards by Taj Group and
Contd
Contd
Challenges
Transparency at Great Cost Comparison of Fast
Developing Managers -
Past
Developing Managers
Current & Future
Thanks
Balanced Scorecard
The balanced scorecard
is astrategic planning
and management system
that is used extensively
in business and industry,
government,
and
nonprofit
organizations
worldwide
to
align
business activities to the
vision and strategy of
the
organization,
improve
internal
and
external
communications,
and
monitor
organization
performance
against
strategic goals.
feedback,also
known
asmulti-rater
feedback,multi
source
feedback,ormulti
source
assessment,is feedback that
comes from members of an
employee's
immediate
work
circle. Most often, 360-degree
feedback will include direct
feedback from an employee's
subordinates,
peers
(colleagues), and supervisor(s),
as well as a self-evaluation. It
can also include, in some cases,
feedback from external sources,
such as customers and suppliers
or other interested stakeholders.