M damodaran

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M damodaran

  1. 1. Presented By: Shilpa Taneja Rucha Pundle Anaswara K.R.Ranjani RamanujamAmbili Prabhakaran
  2. 2.  Retired IAS and former Chairman, SEBI, IDBI and UTI. Served as Joint Secretary in the banking division of the Ministry of Finance. Chairman of SEBI from 2005-2008. Assignments with the RBI where he earned the reputation of scripting the turnaround of three banks – Union Bank of India, Indian Bank and UCO Bank. Re-energized the future of two giant companies – UTI and IDBI. Currently, Chairman of IIM Trichy.
  3. 3.  Seamless Communication Scripting the Vision Openness Empowerment Talent Management Recognition Ethical Governance Promoting Innovation Speedy Decision-Making Performance Orientation Restructuring and Role Clarification
  4. 4. Factors determining change communication process>STYLE- commanding, logical ,inspirational and supportive>CONVERAGE-How much to communicate? Confidentiality Vs. Openness>SOURCE-Who should communicate the change?>CHANNEL- Through which channel do we communicate the style- In-person or static medium or somewhere in between>TIMING- When should I communicate the change? Proactively before the change process or After I see disturbance among employees?What type of CHANGE>Task focused transition- short term task>Developmental transition- Involvement of all of the employees>Charismatic transition-emotional appeal>Turn Around transition- Organizational crisis
  5. 5.  The Spray and Pray Strategy The Tell and Sell Strategy The Underscore and Explore Strategy The Identify and reply Strategy The withhold and uphold strategy Mr. Damodaran has used the supportive and inspirational style during the turn-around organizational transition, and the Underscore and Explore Strategy by not only showing openness in the change process but also letting employees create the organization mission and make de-centralized decisions.
  6. 6. Relationship to • TransparencyCommunication Skill as Director/CEO • Management of stakeholders. Communicationskills for engaging • Deal with people others in change • Issue Selling process Change Conversational • Seamless Communication Skills
  7. 7. • Restructuring and RoleRedesign Roles Clarification Redesign • RecognitionReward System • Performance Orientation Link SelectionDecisions to Change • Talent Management Objectives Encourage • Empowerment “Voluntary Acts of Initiative” • Promoting Innovation

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