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Annotated Bibliography for Staff and Skills - Essay Example

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Annotated Bibliography for Staff and Skills Introduction Effective businesses cannot sustain for long without the application of the right structures and processes which are conducive for the enhancement and growth of its core competencies and know how. The present project talks about the company Indian Oil which is a state owned oil and gas company based in India and head quartered at the capital city of Delhi…
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Download file to see previous pages In addition, it also forms an essential supplier of cooking gas in the country delivering to over 62.4 million numbers of households in the country. The company’s research and development centre which is located at Faridabad generates the most outstanding of technologies and solutions for the various operating divisions of the company and to its customers throughout the country and also abroad. The organizational structure of Indian Oil is rather flat with very few levels of management intervention between the staffs and the management. Instead of being supervised through numerous management layers, staffs are greatly involved with the decision making process of the company. The company is known for nurturing employee involvement through a decentralized decision making process (IOCL, 2012). Indian Oil- Structure, Strategy, System, Style Indian Oil represents a flat hierarchical structure which is primarily functional in nature. The company is divided into units and subunits according to their areas of functions. The company has equal presence both in the refineries as well as marketing segments. With the help of an integrated supply chain model the organization integrates between its various divisions and functional units. Each division is headed by a Director who is responsible for reporting to the Chairman. The importance of differentiating between the various functional divisions is that they maintain their own knowledge and technology for producing their own products. Each of the functional divisions also caters to their own markets and areas of operation. However, there is ample integration between the various functional units. Interlinked through an effective communication and information system, the organization enhances knowledge sharing between each functional component. The functional organizational structure has each unit operating their own marketing divisions. These marketing segments operate according to the conditions and situations where they function and the markets in which they operate (Klassen & Menor, 2005, p.411). Role of the Leader/Management in Indian Oil The management and leadership programs in Indian Oil represent a participative style of leadership. Decision making by the management is particularly designed for acquiring the views and suggestions of employees of the organization. Employee empowerment programs are made crucial components of the HR practices and strategies of the corporation. This is done with the aim to acquire strong commitment and devotion of employees towards the organization. Also the accountability, responsibility and liability of employees as decision makers of strategies and work processes are greatly enhanced through this system. However, the presence strong business leaders in the company cannot be ruled out. It is guided and directed through a handful of very strong and competent business leaders who provide strategic direction to the company. Particularly during the presence of crisis situations and fluctuations in business conditions, the role of the management played a crucial role in handling the turmoil situations effectively. Also effective leadership and management control played a role in exploiting the adverse economic conditions for capturing some of the emerging markets in the country. The company also demonstrates an effective and strong human resource management system ...Download file to see next pagesRead More
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