EVER-EXPANDING HORIZONS
In its short history of half a century, L&T has
acquired a multi-faceted corporate personality of its own. Modern and professional.
Vibrant and forward-looking, sound and steady. The inherent and persistent
process of "perestroika" has always kept the forces of stagnation at
bay. The metamorphosis of L&T has radically transformed it in its size and
structure, while consolidating its cultural and professional roots. Over the
years, its family of people has grown overwhelmingly, in number and skills.
with growth and expansion ensued the logical decentralisation
and organizational restructuring. The need for long range planning became
increasingly pertinent with fast changing dynamics of the environment around.
"Liberalisation" has now already become the "in-word" of
the GoI' s industrial policy and with that the private corporate sector's
implicit need for defining its moves - quickly but cautiously.
The L&T conglomerate keeps itself resuscitating as
the new opportunities emerge. But opportunities also bring along threats.
Sellers' markets are growingly becoming buyers'. Many a traditional line of
businesses are busy reviewing their strengths, while the name of the game is
"diversification". This will obviously necessitate re-evaluating and
strengthening our organisational, financial, managerial, marketing, and
planning logistics.
The organisational/structural transformation of L&T,
over 50 years, will come into focus as we begin to think about our strategies
on the shape of things to come. How has this metamorphosis broadly charted?
At this juncture of its history, L&T is well on the
throes of further exploding its universe of multidimensionality. Needless to:
say, such multiplicity offers L&T a unique place on India’s corporate
map. L&T’s exploding universe would envisage:
This universe
of L&T would increasingly cater to many more spheres of human life - in
terms of goods and services. It would encompass as many sectors of economy as
discussed in latter- chapters.
with this
exploding universe we would now need to equip ourselves adequately and
efficiently to lay foundation for an "innovation-oriented" management
structure to create the "most diversified Indian company" of the twenty
first century. Let us have a glance at the edifice of various major
organisational developments that took place till now from L&T's inception.
The foundation-to-new foundation
tower* records the organisation watersheds that should initiate our march
towards the goal.
While facing
the challenges of time and becoming the time-shapers rather than
time-watchers, we shall need to define our corporate mission to broadly
guide our future moves.
No comments:
Post a Comment