Larsen and Toubro Ltd.

As we come to the end of the module one I write this blog. It will be sin if don’t thank Dr.Mandi if I don thank him at this moment. The reason behind me writing this blog is the inspiration and motivation given my Dr.Mandi. I hope I get a chance to attend many more classes handled my Dr.Mandi

Overview:

Larsen & Toubro Limited (L&T) is a technology, engineering, construction and manufacturing company. It is one of the largest and most respected companies in India's private sector.

 Larsen & Toubro is a  USD 12.8 billion technology, engineering, construction, manufacturing and financial services conglomerate, with global operations. It is one of the largest and most respected companies in India’s private sector. A strong, customer–focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business over seven decades.

More than seven decades of a strong, customer-focused approach and the continuous quest for world-class quality have enabled it to attain and sustain leadership in all its major lines of business.L&T has an international presence, with a global spread of offices. A thrust on international business has seen overseas earnings grow significantly. It continues to grow its global footprint, with offices and manufacturing facilities in multiple countries. The company's businesses are supported by a wide marketing and distribution network, and have established a reputation for strong customer support.

L&T believes that progress must be achieved in harmony with the environment. A commitment to community welfare and environmental protection are an integral part of the corporate vision.

In response to changing market dynamics, L&T has gone through a phased process of redefining its organisation model that facilitates growth through greater levels of empowerment. The new structure is built around multiple businesses designated ‘Independent Companies’ or ‘ICs’.

Vision:

L & T’s vision clearly speaks about the fostering a caring culture among its stake holders.The company strives to build trust among the society and learning continuously from ambience.

CORE VALUES

1.       Performance Driven

2.       Innovation

3.       Integrity

4.       Excellence

5.       Customer Focus

6.       Mutual Respect 

L & T’s Culture

L&T employees share one common feeling - of being part of one big family and of a winning team. There is a sense of pride in belonging to a fine organisation - where professionalism is a way of life, where talent is encouraged and skills honed, where individual and organisational goals blend for mutual success.

L&T offers employees more than a job - it offers them a lifetime career with challenging opportunities for continuous development and growth in diverse fields of business.

The company recognises good performers. The leadership programmes like MLP (for management areas), ELP (for Execution related areas) and TLP (for technology areas). Top talent is given focused attention in terms of growth opportunities, compensation, challenging roles and assignments

Congruency between Vision, Mission and Core values:

There is clear accord & harmony among Vision, Mission & Core Values:

Let’s take Performance:  All 3 below focus on putting up performance, in one or the other way.

Core Value:  Performance Driven

Vision:  Attaining global benchmarks, co nstantly creating value, meeting expectations of employees, stakeholders and society, total customer satisfaction, enhancing shareholder value.

Mission:  To complete and grow, ambitious target setting for each sector, strategic planning.

Let’s  take Innovation  & Excellence:  All 3  reflect  company’s  ability to  be innovative & its excellence by diversifying & creating value.

Core Value:  Innovation & Excellence.

Vision:  Indian Multinational, professionally managed,  Entrepreneurial and empowered team, L&T-ites shall be innovative, shall foster a culture of caring,  continuous learning, high corporate governance standards & constantly creating value.

Mission:  Included are opportunities of diversification,  create long term value by setting new standards & through superior product structuring, capitalizing on our knowledge pool & consultation with leading international strategy consultant.

Let’s take Integrity: All 3 below shows company’s uprightness, wholeness & unity.

Core Value:  Integrity

Vision:  Entrepreneurial  and empowered team, professionally   managed and committed, foster a culture of caring, trust (shows uprightness & honesty as an important part for integrity).

Mission:  Capitalizing on our knowledge (this clearly shows company’s integrity and the knowledge  it has attained over the years).

Let’s  take  Customer Focus & Mutual Respect:  All 3 below shows company’s uprightness,

wholeness & unity.

Core Value:  Customer Focus & Mutual Respect

Vision:  Customer satisfaction, enhancing shareholder value, fostering a culture of caring, trust, meeting expectation of society, employees and shareholders (shows mutual respect and customer focus)

Mission:  Create long-term value for our customers through superior product structuring , partnering our customers by offering solutions, deep understanding of Indian sector and full range of financial products.

So L & T always strives for values which It believes in. I am very proud that I have been part of such a wonderful organisation.