VISION: To be renowned global supplier To be the First Call/most favoured Supplier To be the best company to work for- make

ake the individual proud to work for SPM To be financially burden free To be the best Customer To supply defect free, long serving products. To achieve a Turnover of Rs.200 Crores by 2016 with >30% Net Profit My comment Vision has to be small and simple inspiring statement example Amazon

"Our [Amazon's] vision is to be earth's most customer centric company; to build a place where people can come to find and discover anything they might want to buy online."
So what would you like to be or like to be known as ?? MISSION STATEMENT: To be renowned global supplier : To be a renowned global supplier, we have to extend our reach beyond the shores of our country. At present, a lot of foreign companies are looking at India for reliable Quality suppliers. Only a good reputation and adherence to quality and delivery will make us global suppliers. To be the First Call/most favoured Supplier: Every time a customer thinks of a SPM, the first manufacturer to come to his mind should be SPM India Ltd. Having achieved this stage, SPM can enjoy premium relations with the Customers. To be the best company to work for: This is a very important and critical vision for the company to achieve all our goals and targets. As said often, it is the people who make the company. We have to train our people and facilitate with the right tools to make them motivated and perform beyond their levels and capabilities. Inculcation of Proactive processes will eliminate Quality personnel and supervisors. To be financially burden free : Achievement of all the above vision, by default will make the company financially strong and burden free. To be the best Customer: This is a key element in achieving the above vision. The supplier once they realize the benefits vis a vis knowledge, skills and financial they can reap from association with us, will deliver best defect free products and components.

 To supply defect free, long serving products.: This would demand unstinting passion for Quality from each and every member of the company. This process would automatically achieve the above goals. This would also reduce Service Costs substantially. To achieve a Turnover of Rs.200 Crores by 2016 with >30% Net Profit : With the present manpower and facilities, this can be achieved without a doubt, with good planning and foresight. All the above points will play major roles in achieving this target. Motivated manpower will deliver more per capita products. Suppliers will supply defect free and competitively priced components. What will be the top 4/5 values of the company? Also how will you ensure that employees live these values at each condition? --It should not just be another board hanging on the wall-N>B - The values of the organization should support the mission of the organization. It

would make little sense for an organization to espouse values that work against its longrange goals. To summarize, the values of the organization should provide a guide or framework for the organizations members in accomplishing their part of the organization's mission.
Example
Fair business practice and their word given COMMITMENT AT ALL COST (as picked from your website)

KEY RESULT AREAS: 1. FIRST TIME RIGHT 2. PRODUCTIVITY IMPROVEMENT 3. REDUCTION IN REJECTIONS 4. REDUCTION IN REWORKS 5. SMOOTH INFLOW OF BO COMPONENTS 6. INVENTORY REDUCTION and JUST IN TIME 7. CENTRAL REPOSITORY OF DESIGN MODULES AND REQUISITE INFORMATION All the points mentioned and not mentioned above need motivated efficient manpower to achieve the targets set. For motivating the human resources, following exercises will have to be undertaken and implemented. 1. Right man for the right job: Create a database of existing personnel on a. Qualification, b. Tenure at SPM, c. Tenure at the present position, d. Growth graph as at present,monetary and status wise, e. Individual +/- values perceived and stated in appraisals, f. Potential to be recognized and tapped, g. Skill mapping, h. IQ mapping. Select the right person for the right job and process. 2. Hunger for knowledge and perfection: This trait will have to be induced by over the table talks,counselling and mentoring. 3. Select personnel with high attitude and aptitude quotients, put them on Fast Track, make them feel wanted, train them to be Efficient Managers. Plan their growth tree. These will be Senior Management of the future. They will also feel motivated with attention showered on

them and perform extraordinarily well. 4. Weed out the personnel with negative attitude. Try counselling them initially, observe them and as a last resort send them home. One person with a bad attitude can negate the morale of other team members. 5. Inculcate the democratic governance style. Make everyone feel he is a party to the decisions. Let us say we and not I. 6. Appraisals as of today will not convince the Appraisee that he/she has been meted justice. We should do three tier appraisal. Self appraisal, appraisal by Supervisor and finally appraisal by the Dept. Head. In each and every stage the appraisee should be involved and positive points and negative points will be discussed and informed to the appraisee. This will make the appraisee aware of his pluses and minuses and that he is being observed and evaluated. This is the best type of motivation. At a later stage we should use their team members as appraisers. 7. Take team decisions and not individual decisions. But there has to be someone who OWNS Responsbility 8. 360 degree KPI. This should embrace each and every personnel. 9. Communication should be strengthened. So that everyone knows what is happening. We should bring out our own internal newsletter. Also can be town hall meetings every month led by CEO initially and after that should be led by different Functional Heads. Also there should be an agenda/ key focus area for each town hall. 10. Documentation: Documentation is the key to ISO and analysis. CONTRIBUTING DEPARTMENTS: 1. Human Resource Development and Depolyment 2. Central Planning and Coordinating, 3. Manufacturing, 4. Production Planning and Control, 5. Supply Chain Management, 6. Purchase, 7. Quality Control and Assurance, 8. Controls and R&D, 9. Service and R&D, 10. Design and R&D, 11. IT and IT Resources 12. Finance 13. Marketing 14. Maintenance 15. Toolrom 16. Stores 17. House Keeping and Utilities 18. Security