L&T Corporate Restructuring Essay

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Dwaipayan Chakraborty: 2013PGP079 Dwaipayan Chakraborty: 2013PGP079 Study of the organizational restructuring of: Study of the organizational restructuring of: Table of Contents 1 INTRODUCTION TO THE COMPANY 3 2 A NOTE ON RESTRUCTURING 3 3 LITERATURE REVIEW 4 4 ANALYSIS OF CORPORATE STRUCTURE (2010) 4 5 RATIONALE BEHIND THE RESTRUCTURING 4 6 FORRMULATING THE STRATEGY FOR RESTRUCTURING 5 6.1 THE RESTRUCTURING PROCESS NEEDED TO ENSURE: 6 6.2 CORPORATE GOVERNANCE: 6 6.3 FINANCE AND BRAND EQUITY: 6 6.4 OPERATIONS: 7 6.5 PEOPLE: 7 7 ORGANISATION STRUCTURE AND CONTROL 7 8 LEADERSHIP IN THE CONTEXT OF MANAGING CHANGE 8 8.1 DIVISION OF THE DIVISIONS 8 8.2 IC BOARD MEMBERS TO BE GROOMED BY L&T CORPORATE BOARD MEMBERS 8 8.3 INTER-IC ISSUE RESOLVING MECHANISM 8 9 DEVELOPING PERFORMANCE INDICATORS 8 9.1 CUSTOMERS: 8 9.2 LEARNING AND INNOVATION: 9 9.3 INTERNAL BUSINESS: 9 9.4 FINANCE: 9 10 STRUCTURAL AND PROCESS CHANGE 9 10.1 LAYOFF OF EMPLOYEES GOT EASIER: 9 10.2 MULTIFOLD REVENUES: 10 10.3 INCREASED VALUATION FOR THE CONGLOMERATE: 10 10.4 PROJECT BASED DIVISION AS PER THE CLIENT’S NEEDS: 10 10.5 CLUBBING STRENGTHS AND COMPETENCIES: 10 10.6 IC SUBCONTRACTING AND FINANCIAL PROJECTION 10 10.7 HUMAN RESOURCES 11 10.8 ACCOUNTABILITY OF INDIVIDUAL IC: 11 11 RECOMMENDATION 11 12 CRITICAL REVIEW OF RESTRUCTURING STRATEGY 12 13 REFERENCES 13 1 INTRODUCTION TO THE COMPANY Larsen & Toubro was founded by Danish engineers (Henning Holck-Larsen and Soren Kristian Toubro) in taking refuge in India 1938 as a representative of diary equipment. With time the company established itself as importers and contractors for general industrial and engineering plants, agricultural components, tractor manufacturing and dairy machine components. Afterwards, from 1969 onwards, the company grew by mergers and acquisitions of related businesses and joint ventures

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