MANAGING PEOPLE AND ORGANIZATION BUSINESS MODEL

May 29th, 2015
Studypool Tutor
University of Salford
Price: $20 USD

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Employment: HR policies at ONGC revolve around the basic tenet of creating a highly motivated, vibrant & self-driven team. The Company cares for each & every employee and has in-built systems to recognize & reward them periodically. Motivation plays an important role in HR Development. In order to keep its employees motivated the company has incorporated schemes such as Reward and Recognition Scheme, Grievance Handling Scheme and Suggestion Scheme

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Business model ofBy:NITIN TULSIAN(A-17)PARAM AGRAWAL(A-18)Business ModelPlayers/Entities1.2.3.4.5.6.Employees: Workers for ONGCCustomers: People who buy ONGCs oil productsSuppliers: They supply drilling equipment and spare parts to ONGCDealers:Shareholders and investors:Business AssociatesMotivation/Value/Profit1. Employees Employment: HR policies at ONGC revolve around the basictenet ofcreating a highly motivated, vibrant & self-driventeam. The Company cares for each & every employee and has inbuilt systems to recognize & reward them periodically.Motivation plays an important role in HR Development. In orderto keep its employees motivated the company has incorporatedschemes such as Reward and Recognition Scheme, GrievanceHandling Scheme and Suggestion SchemeIncentive Schemes to Enhance Productivity1>Productivity Honorarium Scheme2>Job Incentive3>Quarterly Incentive4>Reserve Establishment Honorarium5>Roll out of Succession Planning Model for identified keypositions6>Group Incentives for cohesive team working, with a view toenhance productivity Brand : ONGC is a brand name in itself. Thus employeeswant to be associated with it2. Customers3. Suppliers4.Dealers5.Shareholders and InvestorsReturn on invetment: ONGC is a listed company. Over theyears the company has had an impressive track record ofshareholder return on investments.6.Business associates Profit sharing: Technology sharing: Distributio

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