HMT : A Snapshot Incorporated in 1953 by the Government of India as a Machine Tool manufacturing company.Over the years diversified into Watches, Tractors, Printing Machinery,Metal Forming Presses, Die Casting & Plastic Processing Machinery,CNC Systems & Bearings.
Organizations Objectives and Goals To encourage the modernization of Indian Industry through the supply of engineering goods and services of world class excellence To maintain technological leadership through continuous efforts to update product technology and manufacturing methods To globalize our operations by developing a mix of international markets and businesses To ensure a satisfactory return on capital employed, to meet the growth needs and the aspirations of our stakeholders To present an active, pleasant and productive working environment
My Roles and Responsibility Check the Books of Accounts Analyze the Balance Sheets of the company. Find out the Errors. Make Financial Analysis.
Strength Oppo Weakness rtuni ty Threats
Strengths : Strong government support. Good brand image and market leadership due to high quality, low price and reliability. Company’s liquidity position has been quite comfortable. Adequate availability of tangible assets such as land and buildings.Weakness : Weak Organizational culture. Workers not satisfied with their salaries. Insufficient emphasis on R&D and design engineering. Bureaucratic and centralized decision making inhibited HMT’s ability to respond quickly with respect to market changes.
Opportunity : The demand for its product is growing rapidly both in domestic and international market. Capitalize on attractive segments. Leveraging brand equity of HMT to products such as sports gear, personal accessories.Threats : Competitors wooing HMT’s top managers. Competitors successfully exploited the lifestyle segmentation which HMT failed too. High Worker turnover ratios. High level of subsidies given to the workers.
Suggestion: Increase marketing of Brand. Increase emphasis on product research and development.Motivate the workers as workers are less satisfied with theirjobs by giving them various kinds of incentives.Reduce price of its product.
Learning Experience How much to order the raw material. How to put the conditions in front of buyers How much to maintain stock. To be PUNCTUAL