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Sunday, February 26, 2012

6 W's of Carporate Growth !!

1. Know Why


What is the real purpose of your business? Your company needs profits to live, but profits are not what the business is for. The objectives are to provide value to the population and to make the community better.


When this vision is lost then we lose sense of purpose, the feeling of belonging, the sight of why we work, and why our business exists. Start a business when you have a passion for something and want to create something that you can be proud of. Inspire yourself and your people with a clear vision. Define shared values and let values rule. Achieve your sustainable competitive advantage by continuously developing existing and creating new resources and capabilities in response to rapidly changing market conditions. Focus on strengthening your distinctive capabilities – leadership, teamwork, processes, tacit knowledge, etc. – which cannot be replicated by competitors.


2. Know What


Finding the right balance in your business will help you refine your goals and hasten you towards them. Organizations prosper by achieving strategy through balancing the four major factors or perspectives: Financial; Customer; Process; and Growth.


Building Your Sustainable Competitive Advantage


Sustainable competitive advantage is the prolonged benefit of implementing some unique value-creating strategy based on unique combination of internal organizational resources and capabilities that cannot be replicated by competitors. Sustainable competitive advantage allows the maintenance and improvement of your enterprise's competitive position in the market. It is an advantage that enables your business to survive against its competition over a long period of time..


3. Know Where
Remember the old joke about the car mechanic who’s called in after every other mechanic failed? He listens to the engine for a few minutes, then hauls off and gives it a big swift kick in a certain strategic spot. Lo and behold, the engine starts humming like a kitten. The mechanic turns around, gives the car owner his bill for $400. The owner is flabbergasted and demands an itemized breakdown and explanation.


The bill says... '$1 for my time, and $399 for knowing where to kick.'


4. Know When
Timing is everything. You have to know not only how to make a move, but when. “The value of actions lies in their timing,” said Lao Tzu. Customer value derives from timely delivery. Change is unavoidable, but if you can anticipate it and understand business cycles, you can ride with change instead of being run over.

Case in Point Dell Inc.


In the early 90's, the tech market "forced" computer companies to cut their advertising budgets. Dell Computers saw this as an opportunity. They threw even more money into advertising. Since nobody else was advertising, this made them the only visible computer company.
Dell Computers understood the business cycle and took control of the market while other companies were letting the market control them.


5. Know Who
According to Lee Iacocca, "In the end, all management can be reduced to three words: people, product, and profits. People come first." Your corporate vision is worthless, strategies powerless and shared values are corrupt without the right people to execute...
 6. Know How
Manage processes, not people. Focus not on what they do, but on how they do it. Establish a synergistic enterprise-wide and an end-to-end (cross-departmental, and often, cross-company) coordination of work activities that create and deliver ultimate value to customers

" keep six honest serving-men (They taught me all I knew); Their names are What and Why and When And How and Where and Who".
~ Rudyard Kipling

(Source:1000ventures)


7-S Model of Analyzing and improving organizations !!

What is 7-S Model?
The Seven-Ss is a framework for analyzing organizations and their effectiveness. It looks at the seven key elements that make the organizations successful, or not: strategy; structure; systems; style; skills; staff; and shared values.

Consultants at McKinsey & Company developed the 7S model in the late 1970s to help managers address the difficulties of organizational change. The model shows that organizational immune systems and the many interconnected variables involved make change complex, and that an effective change effort must address many of these issues simultaneously.

7-S Model – a Systemic Approach to Improving Organizations


The 7-S model is a tool for managerial analysis and action that provides a structure with which to consider a company as a whole, so that the organization's problems may be diagnosed and a strategy may be developed and implemented.
The 7-S diagram illustrates the multiplicity interconnectedness of elements that define an organization's ability to change. The theory helped to change manager's thinking about how companies could be improved. It says that it is not just a matter of devising a new strategy and following it through. Nor is it a matter of setting up new systems and letting them generate improvements.
To be effective, your organization must have a high degree of fit, or internal alignment among all the seven Ss. Each S must be consistent with and reinforce the other Ss. All Ss are interrelated, so a change in one has a ripple effect on all the others. It is impossible to make progress on one without making progress on all. Thus, to improve your organization, you have to master systems thinking and pay attention to all of the seven elements at the same time. There is no starting point or implied hierarchy – different factors may drive the business in any one organization

Shared Values

Shared values are commonly held beliefs, mindsets, and assumptions that shape how an organization behaves – its corporate culture. Shared values are what engender trust. They are an interconnecting center of the 7Ss model. Values are the identity by which a company is known throughout its business areas, what the organization stands for and what it believes in, it central beliefs and attitudes. These values must be explicitly stated as both corporate objectives and individual values

Structure
Structure is the organizational chart and associated information that shows who reports to whom and how tasks are both divided up and integrated. In other words, structures describe the hierarchy of authority and accountability in an organization, the way the organization's units relate to each other: centralized, functional divisions (top-down); decentralized (the trend in larger organizations); matrix, network, holding, etc. These relationships are frequently diagrammed in organizational charts. Most organizations use some mix of structures – pyramidal, matrix or networked ones – to accomplish their goals

Strategy


Strategy are plans an organization formulates to reach identified goals, and a set of decisions and actions aimed at gaining a sustainable advantage over the competition




Systems


Systems define the flow of activities involved in the daily operation of business, including its core processes and its support systems. They refer to the procedures, processes and routines that are used to manage the organization and characterize how important work is to be done. Systems include:


* Business System
* Business Process Management System (BPMS)


* Management information system
* Innovation system
* Performance management system
* Financial system / capital allocation system
* Compensation system / reward system
* Customer satisfaction monitoring system

Style


"Style" refers to the cultural style of the organization, how key managers behave in achieving the organization's goals, how managers collectively spend their time and attention, and how they use symbolic behavior. How management acts is more important that what management says.

Staff


"Staff" refers to the number and types of personnel within the organization and how companies develop employees and shape basic values.


Skills


"Skills" refer to the dominant distinctive capabilities and competencies of the personnel or of the organization as a whole.


The New-Generation Adaptive Organization

Adaptive organization is a new third-stage organization based upon radically new logics of content, configuration, and change based on human capabilities rather than limitations. The three new logics for adaptive organizations include:


1. New logic of content: requires that concepts of strategy, structure, and systems are broadened to include a greater emphasis on human values, goals, capabilities, and efficacy.


2. New logic of configuration: specifies a new relationship among strategy, structure, and systems that gives priority to supporting workforce engagement and capability.

3. New logic of change: asserts that people seek meaning in work through accomplishment and contribution to shared organization goals, and specifies a top-down-bottom-up sequence of development activities.


(Source: 1000ventures)

Saturday, February 18, 2012

Thursday, February 2, 2012

Indorama Ventures inks deal with Indo Rama Synthetics to set up PTA, PET, PSF plant In India

Thailand’s Indorama Ventures has signed a deal with Indo Rama Synthetics to set up a new petrochemical plant in India. The project, announced during the visit to India of Thai Prime Minister Yingluck Shinawatra, will manufacture Purified Terephthalic Acid (PTA), Polyethylene Terephthalate (PET) and Polyester Staple Fibre (PSF). Details of the US$700 mln project, including its capacity and location, are expected to be made public once formal negotiations have been completed.



“India today is a fast-growing market that is demanding attention from the world’s fast-moving consumer goods companies, who are our customers,” said Aloke Lohia, group CEO and Indorama Ventures. It is imperative that we are there to serve these customers and the emerging local producers who will be consuming more and more PET and PSF over the next decade. We are looking at the long-term double-digit growth in demand for such products and feel this is the right time to move into the market.”

New resins to reinforce strong portfolio of thermoplastics for healthcare

A wide range of polyolefins and engineering thermoplastics developed specifically for the global healthcare industry by Saudi Basic Industries Corporation (SABIC) will be at Pharmapack Europe. The company plans to reinforce its position as a "one-stop shop" for high quality-thermoplastics, with a growing portfolio compliant with the strict regulations of this industry.



In target applications such as drug delivery device internal components and external housings, typical industry requirements range across biocompatibility, sterilizability, chemical resistance, impact resistance, wear resistance and anti-static properties, through ease of processing and aesthetics, to constancy in product formulations. SABIC has numerous options to meet these challenges, including grades based on ABS, polycarbonate, thermoplastic polyesters (PET and PBT), polyphenylene oxide and siloxanes, as well as high and low density polyethylenes and polypropylene. The company has cost-effective solutions for syringes, injection pens, inhalers and other related products.


To emphasize this point, SABIC is using Pharmapack as a launchpad for new grades, including a high-density polyethylene (HDPE) resin featuring high flow properties that can significantly reduce injection moulding cycle times for various healthcare products. With a melt flow rate of 30 g/10 min, SABIC® HDPE PCG300054 provides important processing advantages that yield lower system costs for healthcare product manufacturers.


SABIC® HDPE PCG300054 resin is typically suitable for injection moulding thin-wall, long flow parts such as disposable syringe pistons, as well as caps and closures for medical and pharmaceutical packaging. High flow facilitates complete mould filling and enables the use of thin-wall geometries that cool rapidly for cycle time reduction. This translucent resin balances stiffness with good levels of environmental stress cracking resistance to ensure durability under a variety of use conditions.


SABIC’s broad product offering of more than 50 high performance materials is backed up with the security of a strong logistical network and ample material supplies to ensure continuous, global availability. In addition, the company has developed a comprehensive healthcare product policy designed to help OEMs achieve regulatory compliance. The policy aims at ensuring high consistency and biocompatibility of SABIC healthcare grades. Specifically, SABIC’s healthcare product policy provides device manufacturers with:


• Compliance with EP 3.1.5 and USP Class VI;


• Compliance with 21 CFR par. 177.1520 of the Food and Drug Administration (FDA);


• Drug Master File listing;


• Healthcare product nomenclature for easy identification;


• Products subject to formula lock and change management process.



“Our leadership in healthcare materials can benefit customers who are seeking new ways to accelerate processing while maintaining high performance and quality,” says Philippe Rasquin, Technical Marketing Engineer at SABI.
 
(Source: plastmart.com)

Wednesday, February 1, 2012

ABOUT PLASTINDIA 2012

 The eminent growth of plastics industry in India has ensured consolidation and capacity expansion. It has also brought along best management practices along with globally competitive quality consciousness. Upgradation of machinery, more than sufficient availability of raw materials and the never say die attitude of the Indian Entrepreneur makes India the preferred global source for plastics.


In keeping with the previous versions of Plastindia Exhibitions, Plastindia 2012 will scale new heights and conquer new horizons across the globe.


Participants at Plastindia 2009 were very vocal that the fair truly represented the potential and future of plastics in India. Plastindia 2012 will be an event which will ensure that India is the place for global business in Plastics.

MAJOR EXHIBITOR GROUPS


  • Raw Material, Polymer & Resins, Intermediates, Blends & Alloys, Compositives.
  • Speciality Chemicals, Masterbatches, Additives, Colourants, Fillers & Reinforcements.
  • Processing Machinery.
  • Ancillary Equipment / Instrumentation.
  • Finished Products.
  • Mould & Dies.
  • Recycling.
  • Post processing equipment for Printing, Plating, Lamination, Surface Enhancement and Decoration of Plastics
  • Quality Control and Testing Equipment.
  • Trade Promotion Bodies and Professional Associations.
  • R & D, Education & Training Institutes.
  • Technical Publishers, Standards etc.
  • Plasticulture.
INDIA - ON MOVE


  • India has the highest number of billionaires in Asia and fourth highest in the world.
  • India is one of the world's fastest growing wealth creator, thanks to its knowledge economy and its vast manufacturing and agriculture industry.
  • Almost 50% of the top 100 fortune 500 companies are present in India.
  • India has joined the elite club of 12 countries with a trillion dollar economy.
  • India's consumer market will be the world's fifth largest in the world by 2025.
  • India has emerged as one of the most attractive investment destinations in the world.
  • Despite global economic gloom, the Indian economy has shown an impressive growth rate of 7% during 2008 - 09 as against 9.5% in 2007-08.
  • Growth rate in some specific sectors have been very good, like telecommunications, information technology, infrastructure, pharma and the plastics industry.
INDIA - LAND OF OPPORTUNITIES



  • The Indian Plastics Industry has been growing at a rate of 12% over the years and with its true potential harnessed, it is all set to reach the 12.5 MMT by consumption making India the 3`" largest consumer of plastics by 2012.
  • To match this figure, India would require 42,000 new machines and around US $10 billion of project investment by 2020.
  • Packaging, Electronics, Telecommunication, Infrastructure, Transportation, Healthcare and Consumer Durables are fast growing sectors of Indian economy offering growth for plastics consumption.
  • India has made considerable progress, in the last ten years, in attracting private investment into the infrastructure sectors in telecommunication, ports, roads, power etc. The sector is estimated to grow at the rate of 10 % over the next few years. This sector offers tremendous opportunity for consumption of plastics.
  • India's Agriculture Sector contribute almost 20% to the Indian GDP and employs around 50% of India's manpower. Focused development of plasticulture to cover 17 million hectares under micro irrigation system will boost demand of plastics in this sector.
READY FOR THE FUTURE


The enormous scope for expansion and development in the Indian Plastics Industry was witnessed during Plastindia 2009, where there was global recognition that India is the destination for the future of global plastics industry.

The processing industry, in fact, offers a huge potential for upgradation in terms of innovative technological advances. Some of the areas with huge investment potential for the plastics industry are:


  • World-class higher capacity machines.
  • Enhanced design capabilities, moulds, tools and dies and technological know-how.
  • Use of intelligent manufacturing to improve productivity and asset utilization. Global manufacturing and management practices with an eye for quality and design.
  • Development of new products and applications.
  • Technology Consultancy and Technology Transfer.
  • Foreign Direct Investment in the downstream sector specially in SEZ with tax benefits .
Download detailed Brochure of Plasindia 2012: http://www.plastindia.org/PlastIndia%20Brochure%202012.pdf

(SOURCE: http://www.plastindia.org/)