E t h i c s Management in the Indian Scenario

Anand Asinkar

Nikhil Rane

POLYHYDRON PVT. LTD.

What are Business Ethics?

Business can only be ethical.

Anything else is a crime……..

S. B. Hundre

M.D., [Polyhydron Pvt. Ltd]

POLYHYDRON PVT. LTD.

Year of Establishment : 1981-1982Location : Macche Industrial Estate, Belgaum, KarnatakaProducts : Hydraulic valves, pumps & accessoriesGrowth rate: 30%Number of employees: 74 Projections:

• To be a 25 crore Company in 2006• Integrate services with the Internet

MANAGEMENT

• Totally indigenous company  

• Just-In-Time Production System implementation has born unimaginable benefits

 

• One of the very few companies in India to Practice “ Ethical Management ” and has developed the concept of “ Business Ashrama”.  

RESEARCH & DEVELOPMENT  

• Well equipped R&D Centre with CAD facility & necessary TEST RIGS.

Sophisticated Measuring & Calibrating Instruments.    

Qualified Personnel.

OFFICE ADMINISTRATION

• Fully Computerized Information and Administrative Systems  

Multi Functional People  

• Almost paper less working  

KAIZEN & JIT

KAIZEN means Continuous Improvement

Elimination of all sources of waste

Waste is anything that does not add value to the product

JUST IN TIME means

?

WHY

important

A family in which each member has a sense of responsibility and

respect for each other & society

Employee Empowerment & Working Environment

Employee Empowerment & Working Environment

Employee Empowerment & Working Environment

Employee Empowerment & Working Environment

The man behind the idea……Mr. Hundre

Meditation hall - The Temple of Peace

Gymnasium - The Temple of Health

Study of Idea Processing [R&D Centre]

Study of Material Processing [Production Activities]

Study of Paper Processing [Business Activities]

Study of extent of Computerization

The study involved

• Interaction

• Tracking material

• Learning from everyone

• Collecting documents

• Use of extensive library

• Project work and industrial training

METHODOLOGY OF THE CASE STUDY

Role of Design Management

Idea Processing

Material Processing

Information Processing

Ethical management - In PracticeThe Polyhydron Case Study

MANAGEMENT MAN MATERIAL

• Ethical Management

• Polyhydron Mission

We will nurture an ethically managed

organization. We will not exploit our

customers, Employees, Suppliers,

Government, Society and Nature

Ethical management - In PracticeThe Polyhydron Case Study

MANAGEMENT MAN MATERIAL

Ethical management - In PracticeThe Polyhydron Case Study

MANAGEMENT MAN MATERIAL

• Not Exploiting• Trust• Education • Multi skills• Transparency• Accessibility• Share Wealth

Share Wealth

30% with the Employees

5% with the Share Holders

1% with the Community

balance remains with the company for growth

JIT Involves

Getting the material

in the right quantity

of the right quality

at the right time

at the right place

at the right price

Ethical management - In PracticeThe Polyhydron Case Study

MANAGEMENT MAN MATERIAL

What is achieved

Ethical Management & JIT

Empowerment

Loyalty

Atmosphere Of Trust

Lowest Priced Products

Least Price Variation

Most favorable working environment

Participative management and democratic decision making

Challenges

Ethical Management & JIT

Conditioning within each individual

Conditioning within group

Conditioning within society

Dealing with corrupt government officials

Ethics – Management in the Indian Scenario

Thank You