itc policies

INDIAN TOBACCO COMPANY LIMITED (I.T.C)

RADHIKA GUPTA 12- BBA - HM

INTRODUCTION TO ITC

• ITC is one of India’s foremost private sector companies with a turnover of US $ 7 billion.

• Established on Aug 24, 1910 as Imperial Tobacco Company.

• Renamed as: Indian Tobacco Company limited in 2001.

• Headquarters: kolkatta

• Chairman: Yogesh Chander Deveshwar

CORE BUSINESSES

ITC is an outstanding market leader in its traditional businesses of hotels, paperboards, packaging, agri-business, Information technology etc.

Product Portfolio

VISION AND MISSION

• VISION: Sustain ITC’s Position as one of India’s most valuable corporations through world class performance, creating growing value for the Indian economy and the company’s stakeholders.

• MISSION: To enhance the wealth generating capability of the enterprise in a globalizing environment, delivering superior and sustainable stakeholder value.

Awards and Achievements

• ITC is the first Indian Company and second in the world to win the prestigious Development Gateway Award.

• ITC is the first corporate to receive the annual FICCI Outstanding Vision Corporate Triple Impact Award in 2007.

• ITC also received World Business Development Award 2012.

• ITC has also won the Golden Peacock Award for corporate social responsibility in 2007..

Structure Of ITC

ITC has a formal 3 Tiered Governance Structure1). Board of Directors: It comprises of executive and

non executive directors.2). Corporate Management Committee: It

comprises of Executive Directors and Senior Managers whose main responsibility is strategic management.

3). Divisional Chief Executive and Divisional Management Committee: comprising of all the executives who are actively involved in management.

CULTURE IN ITC

• Individual Initiative

• Direction

• Management Support

• Risk Tolerance

• Integration

• Control

• Reward system

• Communication pattern-highly formal

CORE VALUES

• Trusteeship: belief in “trust” by all the stakeholders.

• Respect for people: value for people• Excellence: Leading FMCG marketeer , has second

largest hotel chain in India and clear market leader in packaging industry,

• Innovation: newer processes• Customer focus• Nation orientation: generates economic value for

nation.

E-CHOUPAL

• Internet access in rural areas across several agriculture regions of the country

• Farmers obtain info on mandi prices, good farming practices and place order for seeds & fertilizers accordingly.

• Run by a sanchalak- trained farmer.

• Increase in yields, farmers income levels.

GREEN TECHNOLOGY AT ITC

• WATER : Rain water harvesting via interlocking tiles. The water harvested is then recycled using Aerobic Bioreactors.

• ENERGY (Temperature Control) : High albedo roof coating reduces the amount of heat absorbed by reflecting 90% heat radiations away from the building thereby reducing the usage of Air conditioners.

• AIR QUALITY: Carbon dioxide monitoring system maintains the carbon dioxide emission level to the environment.

RECRUITMENT POLICIES:

Since its inception, it has always adopted an employee-centric culture wherein it strives to develop organizational citizenship behavior (OCB) in it employees and that has been responsible for the utmost care undertaken by the employees for the safety of their guests

1) ITC considers every employee as an important

member.

2) It aims to acquire, retain and reward the talented

people from the industry.

3) It emphasizes on a formal communication channel to

promote transparency in the overall working of the

organization.

Its Distinguished Policies:

• Hiring policies

• Honing leadership skills

• Strong talent management

• Individualism of HR department

• 360-degree feedback system

Policy On Human Rights:

• ITC believes that all its employees must live with

social and economic dignity and freedom, regardless

of nationality, gender, race, economic status or

religion.

• ITC nurtures an internal working environment which

respects human rights without prejudice.

• Fostering meritocracy in the organisation which,

promotes diversity and offers equality of opportunity

to all employees.

• ITC respects the employees' right to organize themselves

into interest groups as initiatives of the workers,

independent from supervision by the management

• ITC does not employ any person below the age of

eighteen years in the workplace. ITC prohibits the use of

forced or compulsory labour at all its units.

• All major changes in operations involving work

processes, manning norms and other productivity linked

issues are carried out after discussions with the employees

and the recognized unions at each location.