Presentation on pms ITC
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ITC Limited is an Indian conglomerate headquartered in Kolkata, West Bengal. It was founded in 1920 as Imperial Tobacco Company and has diversified into FMCG, hotels, paperboards, packaging, and agribusiness. The presentation discusses ITC's performance management system, including its vision to be one of India's most valuable corporations through world-class performance. ITC's FMCG division includes tobacco, personal healthcare, lifestyle retailing, food, stationery, matches, and incense sticks. The performance management cycle at ITC consists of four main steps: plan, act, monitor, and review.
Presentation on pms ITC
- 1. Presentation on Performance Management System of ITC LTD Submitted by Ujjwal Bhowmick 030102062
- 2. About the Company ITC Limited or ITC is an Indian conglomerate headquartered in kolkata, West Bengal. Founded in August 24,1920 as Imperial Tobacco Company. Its diversified businesses includes Five segments ; FMCG,Hotels,Paperboards,Paper & Packging and Agribusiness. My project is based on mainly FMCG division and its market share is 256,769 crores in 2013.
- 3. ITC’s Vision Sustain ITC's position as one of India's most valuable corporations through world class performance, creating growing value for the Indian economy and the Company's stakeholders. Mission :- To enhance the wealth generating capability of the enterprise in a globalising environment, delivering superior and sustainable stakeholder value.
- 4. ITC FMCG division includes …….. Tobacco (it is a leader in this business in india) Personal Healthcare Lifestyle Retailing Food Stationary –paper Safety matches and Agarbattis Packging Its main customers are generally mass population, youths.
- 5. Resources Man :- Human Resources , Labour force Material :- Mainly Agricultural products which they take from farmers , e choupal is also a source, few products which they only market is made by other companies. Machine :- These are machines used to make these product.
- 6. Human Resources Employees :- As per the Annual report there are 25,960 employees in ITC , among them 3,043 are women. ITC spents 2,145 crore on employees benefits in FY 2012-13.
- 7. HR Policy of ITC Policy on prevention of discrimination in employees. Policy on securing human rights in the company Policy on child labour.
- 8. Performance Management System Performance management system includes activities to ensure that goals are consistently being met in an effective manner. Performance management can focus on performance of the organization , a department processes to build a product or service ,employees.
- 9. Performance management of individual employees It can be different generally includes the following , planning the work, setting goals, offering feedback and reviews ,offering opportunities to learn more in one’s field, and rewarding employees who perform well.
- 10. Performance Management Cycle It’s a technique used by company managers and executives to encourage employee growth and job satisfaction. In case of ITC the cycle consists four steps mainly These are Plan, Act ,Monitor ,Review
- 11. Performance Appraisal Methods used in ITC Balance score card 360 Degree feedback MBO BARS
- 13. Sources Wikipedia ITC official website Forbes magazine Scribed .com
- 14. Thank you