ACTION PLAN

1. CORPORATE DIVERSIFICATION

A full-day debate on the imperatives of Corporate-level diversification into the un­related business-areas.

2. CORPORATE MISSION

To

-      debate the Corporate Mission presented here

-      evaluate its relevance to L&T in 21st century

-      adopt (with modifications desired)   

3. CORPORATE-VISION

Encompassing a time-span of 5/10/20 years, clearly define L&T's goals, in terms of

Businesses Market-shares Growth-rates Financial parameters

4. CORPORATE-STRATEGY

Having identified future mile-stones along the corporate growth-curve, evolve specific strategies with respect to development of critical inputs of

-      Human Resources

-      Technology Resources

-      Finance Resources

-      Information Resources

all in "quantified" terms

5. COMMUNICATION

Obtain employee-involvement and commitment towards attainment of Corporate Vision, through regular, top-level, company-wide communication.

6. PROCESS

Set up a clearly defined mechanism to periodically monitor the organisational performance/attainment with respect to the Corporate Mission.

7. PLANNING & DEVELOPMENT FUNCTION

Strengthen the P & D function in order to accelerate the diversification-process Corporate-level.