Itc by Manya Kheria

Itc by Manya Kheria https://padlet.com/manyakheria5/x71t8sri02hblydb Management structure of company en-us 2021-05-01 10:21:22 UTC 2023-03-17 05:47:02 UTC hello@padlet.com manyakheria5 https://padlet.com/manyakheria5/x71t8sri02hblydb/wish/1480718417 People in all the organization operate and work in a dynamic environment. But they do not operate at same level. They operate at different level. The hierarchy of the operation in the organization is known as the levels of Management .

These are three levels mangment

Top level management
Middle level management
Lower level management

]]> 2021-05-01 10:20:34 UTC https://padlet.com/manyakheria5/x71t8sri02hblydb/wish/1480718417 Introduction manyakheria5 https://padlet.com/manyakheria5/x71t8sri02hblydb/wish/1480719017 Management includes the activities of setting the strategy of an organization and coordinating the efforts of its employees to accomplish its objectives through the application of available resources, such as financial, natural, technological, and human resources. The term "management" may also refer to those people who manage an organization—managers. Good managers are the backbone of an organization.]]> 2021-05-01 10:21:22 UTC https://padlet.com/manyakheria5/x71t8sri02hblydb/wish/1480719017 manyakheria5 https://padlet.com/manyakheria5/x71t8sri02hblydb/wish/1480735087 ITC Limited is an Indian multinational conglomerate company headquartered in Kolkata, West Bengal. Established in 1910 as the Imperial Tobacco Company of India Limited, the company was renamed as the India Tobacco Company Limited in 1970 and later to I.T.C. Limited in 1974. The company now stands renamed to ITC Limited, where "ITC" today is no longer an acronym or an initialised form.ITC has a diversified presence across industries such as Cigarettes, FMCG, Hotels, Packaging, Paperboards & Specialty Papers and Agribusiness. The company completed 100 years in 2010 and as of 2019–20, had an annual turnover of US$10.74 billion and a market capitalisation of US$35 billion. It employs over 36,500 people at more than 60 locations across India and is part of the Forbes 2000 list.

]]> 2021-05-01 10:38:47 UTC https://padlet.com/manyakheria5/x71t8sri02hblydb/wish/1480735087 manyakheria5 https://padlet.com/manyakheria5/x71t8sri02hblydb/wish/1480743569 ITC is headed by an Executive Director, who reports to the Secretary-General of the United Nations Conference on Trade and Development (UNCTAD) and the Director-General of the World Trade Organization (WTO). The Senior Management Committee (SMC) is made up the two executive officers and the heads of ITC’s four divisions.

Internally,the organization is structured into the offices of the Executive Director and the Deputy Executive Director, and four divisions with Divisional Directors at the head.]]> 2021-05-01 10:48:28 UTC https://padlet.com/manyakheria5/x71t8sri02hblydb/wish/1480743569 manyakheria5 https://padlet.com/manyakheria5/x71t8sri02hblydb/wish/1480748173 2021-05-01 10:53:56 UTC https://padlet.com/manyakheria5/x71t8sri02hblydb/wish/1480748173 manyakheria5 https://padlet.com/manyakheria5/x71t8sri02hblydb/wish/1480751366 ITC believes that any meaningful policy on Corporate Governance must provide empowerment to the executive management of the Company, and simultaneously create a mechanism of checks and balances which ensures that the decision making powers vested in the executive management is not only not misused, but is used with care and responsibility to meet stakeholder aspirations and societal expectations.

Empowerment is an essential concomitant of ITC's first core principle of governance that management must have the freedom to drive the enterprise forward. ITC believes that empowerment is a process of actualising the potential of its employees. Empowerment unleashes creativity and innovation throughout the organisation by truly vesting decision-making powers at the most appropriate levels in the organisational hierarchy.

ITC believes that the Board of Directors are accountable to the shareholders, and the management is accountable to the Board of Directors. The Company believes that empowerment, combined with accountability, provides an impetus to performance and improves effectiveness, thereby enhancing shareholder value.

ITC believes that control is a necessary concomitant of its second core principle of governance that the freedom of management should be exercised within a framework of appropriate checks and balances. Control should prevent misuse of power, facilitate timely management response to change, and ensure that business risks are pre-emptively and effectively managed.]]> 2021-05-01 10:57:44 UTC https://padlet.com/manyakheria5/x71t8sri02hblydb/wish/1480751366 manyakheria5 https://padlet.com/manyakheria5/x71t8sri02hblydb/wish/1480754791 ITC’s goal is to assist developing and transition countries to achieve sustainable development through exports. Their objective is increased and better trade, which creates employment, entrepreneurial opportunities and generates income. Significant progress has been made towards achieving the Millennium Development Goals (MDGs). They represent a partnership between developed and developing countries to create an environment - at the national and global levels alike - which is conducive to development and the elimination of poverty. The goal, targets and indicators provide benchmarks to measure various facets of poverty reduction and to track the progress of the international community. ITC continues to be 100% Aid for Trade and, with a mandate to work with the public and private sectors, a partner of choice in delivering trade- related technical assistance to achieve development goals. Thus, as an organization they fulfill all the objectives that any management seeks to achi]]> 2021-05-01 11:01:25 UTC https://padlet.com/manyakheria5/x71t8sri02hblydb/wish/1480754791 manyakheria5 https://padlet.com/manyakheria5/x71t8sri02hblydb/wish/1480755638 Consolidation of management functions, decisions are made from Top. Decision making process of ITC follows a centralized structure. It is divided into Board of Directors with its head Executive chairman taking all strategic decision. The Board is then further divided into executive and non executive directors. Executive directors take decision regarding the functioning of the business whereas non executive director provides judgment relating to other matters. Board consist of following committees.
1 AUDIT
2 COMPENSATION
3 NOMINATIONS
4 INVESTORS
5 SUSTAINABILITY
Apart from these committee there is a Divisional Management Committee with its Divisional CEO to carry orders of the board and manage and instruct employees.]]> 2021-05-01 11:02:29 UTC https://padlet.com/manyakheria5/x71t8sri02hblydb/wish/1480755638 manyakheria5 https://padlet.com/manyakheria5/x71t8sri02hblydb/wish/1482136591 2021-05-02 10:02:01 UTC https://padlet.com/manyakheria5/x71t8sri02hblydb/wish/1482136591 manyakheria5 https://padlet.com/manyakheria5/x71t8sri02hblydb/wish/1482139978 2021-05-02 10:04:21 UTC https://padlet.com/manyakheria5/x71t8sri02hblydb/wish/1482139978 manyakheria5 https://padlet.com/manyakheria5/x71t8sri02hblydb/wish/1482140634 2021-05-02 10:04:47 UTC https://padlet.com/manyakheria5/x71t8sri02hblydb/wish/1482140634 manyakheria5 https://padlet.com/manyakheria5/x71t8sri02hblydb/wish/1482141131 2021-05-02 10:05:09 UTC https://padlet.com/manyakheria5/x71t8sri02hblydb/wish/1482141131