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VISION:

To be renowned global supplier

To be the First Call/most favoured Supplier

To be the best company to work for- make 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 aplace where people can come to find and discover anything they might want to buyonline."

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 extendour reach beyond the shores of our country. At present, a lot of foreign companies arelooking at India for reliable Quality suppliers. Only a good reputation and adherence toquality and delivery will make us global suppliers.

To be the First Call/most favoured Supplier: Every time a customer thinks of a SPM, thefirst manufacturer to come to his mind should be SPM India Ltd. Having achieved thisstage, 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 thecompany to achieve all our goals and targets. As said often, it is the people who makethe 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 ofProactive processes will eliminate Quality personnel and supervisors.

To be financially burden free : Achievement of all the above vision, by default will makethe company financially strong and burden free.

To be the best Customer: This is a key element in achieving the above vision. Thesupplier once they realize the benefits vis a vis knowledge, skills and financial they canreap from association with us, will deliver best defect free products and components.

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To supply defect free, long serving products.: This would demand unstinting passion forQuality from each and every member of the company. This process would automaticallyachieve 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 presentmanpower and facilities, this can be achieved without a doubt, with good planning andforesight. All the above points will play major roles in achieving this target. Motivatedmanpower will deliver more per capita products. Suppliers will supply defect free andcompetitively priced components.

What will be the top 4/5 values of the company? Also how will you ensure thatemployees live these values at each condition? --It should not just be anotherboard 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 long-

range 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 RIGHT2. PRODUCTIVITY IMPROVEMENT3. REDUCTION IN REJECTIONS

4. REDUCTION IN REWORKS5. SMOOTH INFLOW OF BO COMPONENTS6. INVENTORY REDUCTION and JUST IN TIME7. CENTRAL REPOSITORY OF DESIGN MODULES AND REQUISITE INFORMATION

All the points mentioned and not mentioned above need motivated efficient manpower toachieve the targets set. For motivating the human resources, following exercises will have tobe 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 berecognized and tapped, g. Skill mapping, h. IQ mapping. Select the right person for the rightjob and process.

2. Hunger for knowledge and perfection: This trait will have to be induced by over the tabletalks,counselling and mentoring.

3. Select personnel with high attitude and aptitude quotients, put them on Fast Track, makethem feel wanted, train them to be Efficient Managers. Plan their growth tree. These will beSenior Management of the future. They will also feel motivated with attention showered on

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them and perform extraordinarily well.

4. Weed out the personnel with negative attitude. Try counselling them initially, observethem and as a last resort send them home. One person with a bad attitude can negate themorale of other team members.

5. Inculcate the democratic governance style. Make everyone feel he is a party to thedecisions. Let us say we and not I.

6. Appraisals as of today will not convince the Appraisee that he/she has been metedjustice. We should do three tier appraisal. Self appraisal, appraisal by Supervisor and finallyappraisal by the Dept. Head. In each and every stage the appraisee should be involved andpositive points and negative points will be discussed and informed to the appraisee. This willmake the appraisee aware of his pluses and minuses and that he is being observed andevaluated. This is the best type of motivation. At a later stage we should use their teammembers as appraisers.

7. Take team decisions and not individual decisions. But there has to be someone whoOWNS Responsbility

8. 360 degree KPI. This should embrace each and every personnel.

9. Communication should be strengthened. So that everyone knows what is happening. Weshould bring out our own internal newsletter. Also can be town hall meetings everymonth led by CEO initially and after that should be led by different FunctionalHeads. 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 Depolyment2. 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 Resources12. Finance13. Marketing14. Maintenance15. Toolrom16. Stores17. House Keeping and Utilities18. Security