Corporate Governance Corporate Governance is a reflection of the company’s culture‚ their relationship with stakeholders and commitment to values. ONGC has a pioneer in benchmarking its corporate governance practices with the best in the world. ONGC Corporate Governance philosophy is based on the following principles:- Achieving high level of transparency‚ openness and accountability and fairness in all areas of operation. Promoting ethical conduct throughout the organization with primary
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ONGC Ke – cost of equity |Rm – expected returns on emerging markets |13 | |Rf – risk free return |8.5 % | |Beta |0.2835 | |Ke = Rf + beta( Rm-Rf)
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Both TQM and BPR are customer-oriented. They both aim on improving the customer satisfaction. Also‚ they both suggest thinking outside in. On the other words‚ they both suggest to think from the customer’s viewpoint. Also‚ both TQM and BPR are process-oriented. They both target to alter the processes‚ but not just on the product. Moreover‚ they both take team approach. Nearly all BPR projects are initiated by top-down approach. Since BPR would results great changes‚ staff resistance is obvious.
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Business Process Re-engineering Business process re-engineering focus on the analysis and design of workflows and processes within an organization. BPR aimed to help organizations fundamentally rethink how they do their work in order to dramatically improve customer service‚ cut operational costs‚ and become world-class competitors. BPR seeks to help companies radically restructure their organizations by focusing on the ground-up design of their business processes. According to Davenport (1990)
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Business process re-engineering (BPR) was found in the early 1990s as a strategy of business management and its focus is to create a new transformation to redesign business processes in order to improve cost‚ quality and customer services by eliminating operational costs and repetitive old fashioned business processes within organizations. In recent years‚ as information technology plays an important role in business world‚ it becomes clear that changes in management process in business due to technology
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current issue and full text archive of this journal is available at http://www.emerald-library.com/ft A BPR case study at Honeywell BPR case study at Honeywell David J. Paper Utah State University‚ Utah‚ USA James A. Rodger 85 Indiana University of Pennsylvania‚ USA‚ and Parag C. Pendharkar Penn State Harrisburg‚ Pennsylvania‚ USA Keywords Process management‚ Teamwork‚ BPR‚ Organizational chang e Abstract We embarked on a case study to explore one organization’s experiences
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Case Studies - BPR in Poland The first ever Business Process Reengineering (BPR) project in the formerly communist countries of eastern Europe was completed on October 28th‚ 1994 by Wizdom Polska‚ the Polish subsidiary company of Wizdom Systems‚ Inc. Wizdom has once again taken BPR to new frontiers‚ achieving unprecedented results in the massive task of Reengineering a company laden with the residuals of 50 years of central planning. The company‚ Stomil Sanok S.A.‚ is a manufacturer of rubber
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INTRODUCTION TO OIL AND GAS CORPORATION LIMITED (ONGC) 1 Year 2012 OIL AND NATURAL GAS CORPORATION LTD INTRODUCTION 1.1 HISTORY OF ONGC 1947-1960 During the pre-independence period‚ the Assam Oil Company in the north-eastern and Attack Oil company in north-western part of the undivided India were the only oil companies producing oil in the country‚ with minimal exploration input
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This Industry Risk Ratings report from IBISWorld evaluates the inherent risks associated with the Petrochemical Manufacturing in the US industry. Industry Risk is assumed to be ’the difficulty‚ or otherwise‚ of the business operating environment’. The report looks at the operational risk associated with this industry. Three types of risk are recognized in our analysis. These are: risk arising from within the industry itself (structural risk)‚ risks arising from the expected future performance
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and implementation of a new methodology Maria Vakola and Yacine Rezgui University of Salford‚ Salford‚ UK Keywords BPR‚ Methodology‚ Organizational change Abstract Explores the need for a business process re-engineering methodology and presents a critique of the existing methodologies. The identified weaknesses served as a basis for the development of a new eight-stage BPR methodology which was implemented and evaluated within three European construction companies. Summarises these stages
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