morning star company
TRANSCRIPT
B Y
A N J A L I M E H TA ( P G D M )S O U R A B H M AYA B H AT E ( P G D M )
VA M S I K R I S H N A ( P G D M )TA R U N B H AT T ( P G D M )
A K A S H S H A R M A ( P G D M )A N K U S H G O E Y L ( B B A )A R J U N M E H R A ( B B A )
W E N D E L L ( C M B A )S H A R AT H ( C M B A )
M O H I T B H AT T ( P G C M )
CASE STUDY – MORNING STAR
INTRODUCTIONCOMPANY PROFILENAME- MORNING STAR COMPANYFOUNDER-CHRIS RUFERORIGIN-CALIFORNIA,1970OPERATIONSTRANSPORTATION
PROCESSING
PAKAGING
COMPANY’S PRINCIPLE
NO TO PHYSICAL
FORCECOMMITMENTS
Case Synopsis
ORGANIZATION’S APPROACH-SELF MANAGEMENT
Self ManagementKey Issues InferenceData InterpretationSuggestionLearning
Self management
WHAT IS SELF MANAGEMENT?WHY SELF MANAGEMENT?HIGHLIGHTS OF THE SYSTEM1. EMPLOYEE EMPOWERMENT2. IDENTIFICATION OF PERSONAL
MISSION
COLLEAGUE LETTER OF UNDERSTANDING
GAINING AGREEMENT
CAPITAL BUDGETING
COMPENSATION
KEY ISSUES
PEER ACCOUNTABILITYFEASIBILITY OF THE SELF MANAGEMENT
APPROACH UPON EXPANSION OF THE COMPANYIS THE COMPENSATION SYSTEM ENOUGH FOR
DRIVING ACCOUNTABILITY BEHAVIOURS
PROS CONS
EMPOWERMENT EVOLVEMENT OF
RELATIONS TOTAL
RESPONSIBILITY EMPLOYEE
DEVELOPMENT
LACK OF ROLES DEFINITION
NO PROPER INCENTIVE SYSTEM
LACK OF ADAPTABILITY
LACK OF MOTIVATION LACK OF
SYSTEMATIZED TRAINING
LESSER ACCOUNTABILITY
INFERENCES
FACTS AND FIGURES
40%share tomato paste and diced tomato products. number colleagues 400 year around and 2000
partial year colleagues number of colleagues not following their
commitment was 15% 10% of the member holds other accountable morning star company colleagues are earning
10%-15% more than other industries
SUGGESTIONSMENTOR SYSYSTEM
BETTER TRAINING PROCESS
BETTER INCENTIVE SYSTEM
BETTER SYSTEM TO EVALUATE UNDERPERFORMERS
KEY LEARNINGS
IMPORTANCE OF FULLFILLING COMMITMENTSINCENTIVES ARE NEEDED FOR MOTIVATION CORRECT ASSIGNMENT OF THE WORKALIGNING THE PERSONAL GOALS WITH THE
COMPANY’S VISION