fag bearings india limited

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The MBA is well structured and integrated course of business studies. The main

objective of practical training at MBA level is to develop skill in student bysupplement to the theoretical study of business management in general. Industrial

training helps to gain real life knowledge about the industrial environment and

business practices. The MBA provides student with a fundamental knowledge of

business and organizational functions and activities, as well as an exposure to

strategic thinking of management.

In MBA course, Industrial visit is an important factor. Professors give us

theoretical knowledge of various subjects in the college but we are practically

exposed of such subjects when we get the visit of the organization.

In todays globalize world, where cutthroat competition is prevailing in the

market, theoretical knowledge is not sufficient. Beside this one need to have

practical knowledge, which would help an individual in his/her carrier activities

and it is true that Experience is best teacher.

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With immense pleasure, I would like to present this project report for FAG

Bearings India Limited. It has been an enriching experience for me toundergo my Visit at FAG Bearings India Limited, which would not have

possible without the goodwill and support of the people around. As a student

of ANAND INSTITUTE OF MANAGEMENT, I would like to express

my sincere thanks to all those who helped me during my industrial visit.

Words are insufficient to express my gratitude toward Mr. J.P.Nayar sir,

ofFAG Bearings India Limited.

Our thanks to all my faculty members for the proper guidance and assistance

extended by them.

Thakkar Bhumika

Rinkesh

PatelKinjal

ShahRuchi

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INDEX

No Particular Pageno

1 Introduction of the organization

2 Management

3 Planning

4 Organizing

5 Staffing

6 Directing

7 Controlling8 Conclusion

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Brief information about Company

FAG Bearings India Limited, a member company of FAG group ofGermany - is a leading player in the Indian Bearing industry.

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The company manufactures a very wide range of bearings conformingto the stringent international quality standards.

FAG India's manufacturing plants, located at Vadodara, Gujarat,

feature the most advanced manufacturing technology. The company iscertified to ISO/TS 16949, ISO 9001, and ISO 14001 standards.

FAG India is a leading OEM supplier to the automotive industry,mechanical and electrical engineering industry, besides the Railways.

In 1997, FAG Bearing India Limited set up the country's first 100% EOUfor bearings. Bearings produced at the EOU plant have gained readyacceptance and recognition of customers located in Europe, USA, Asiaand Africa.

FAG's joint venture company - FAG Roller Bearings Private Limited -produces taper roller bearings at Chakan near Pune.

Products

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These are the main products of The FAG Bearings India Limited.

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Indian Railways is the main customer of The FAG Bearings IndiaLimited.

Management

Managementin all business and organizational activities is the act of getting

people together to accomplish desired goals and objectives usingavailable resources efficiently and effectively. Management comprisesplanning, organizing, staffing, leading or directing, and controlling anorganization (a group of one or more people or entities) or effort forthe purpose of accomplishing a goal. Resourcing encompasses thedeployment and manipulation ofhuman resources, financial resources,technological resources and natural resources.

The verb manage comes from the Italian maneggiare (to handle

especially tools), which in turn derives from the Latinmanus (hand).

The French word mesnagement (later mnagement) influenced thedevelopment in meaning of the English word management in the 17thand 18th centuries.

Basic functions

Management operates through various functions, often classified asplanning, organizing, staffing, leading/directing, controlling/monitoringand motivation.

Planning: Deciding what needs to happen in the future (today, nextweek, next month, next year, over the next five years, etc.) andgenerating plans for action.

Organizing: (Implementation)pattern of relationships among workers,making optimum use of the resources required to enable thesuccessful carrying out of plans.

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Staffing: Job analysis, recruitment and hiring for appropriate jobs.

Leading/directing: Determining what needs to be done in a situationand getting people to do it.

Controlling/monitoring: Checking progress against plans.

Levels of management

Most organizations have three management levels: first-level, middle-level, and top-level managers. These managers are classified in ahierarchy of authority, and perform different tasks. In many

organizations, the number of managers in every level resembles apyramid. Each level is explained below in specifications of theirdifferent responsibilities and likely job titles.

Top-level managers

Consists of Board of Directors, President, Vice-president, CEOs, etc.They are responsible for controlling and overseeing the entireorganization. They develop goals, strategic plans, company policies,and make decisions on the direction of the business. In addition, top-

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level managers play a significant role in the mobilization of outsideresources and are accountable to the shareholders and general public.

According to Lawrence S. Kleiman, the following skills are needed atthe top managerial level.

Broadened understanding of how: competition, world economies,politics, and social trends effect organizational effectiveness .

Middle-level managers

Consist of general managers, branch managers and departmentmanagers. They are accountable to the top management for theirdepartment's function. They devote more time to organizational and

directional functions. Their roles can be emphasized as executingorganizational plans in conformance with the company's policies andthe objectives of the top management, they define and discussinformation and policies from top management to lower management,and most importantly they inspire and provide guidance to lower levelmanagers towards better performance. Some of their functions are asfollows:

Designing and implementing effective group and intergroup workand information systems. Defining and monitoring group-level performance indicators.

Diagnosing and resolving problems within and among workgroups. Designing and implementing reward systems supportingcooperative behavior.

Lower-level managers

Consist of supervisors, section leads, foremen, etc. They focus oncontrolling and directing. They assigning employees tasks, guide andsupervise employees on day-to-day activities, ensure quality andquantity production, make recommendations, suggestions, and up

channel employee problems, etc. First-level managers are role modelsfor employees that provide:

Basic supervision. Motivation. Career planning. Performance feedback.

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In our training we found that in The FAG Bearings India Limited themanagerial activity is carried out in each level of the organization, intop level planning activity and policies are being framed, in middlelevel the task allocation, team building, performance appraisal,

motivation etc activities is being done, in lower level implication ofpolicies and plan are being done.

Planning

In this function it establishes goals and objectives to pursue during afuture period. The planning function spans all levels of management.

Top managers are involved in strategic planning that sets board, long-range goals for an organization. These goals become the basis forshort-range, annual operational planning; during which top and middlemanagers determine specific departmental objectives that will help theorganization makes progress toward the broader, long-range goals.

Planning is a process for accomplishing purposes. It is a blue print ofbusiness growth and a road map of development. It helps in decidingobjectives both in quantitative and qualitative terms. It is setting ofgoals on the basis of objectives and keeping in the resources.

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Purpose of a plan

Just as no two organizations are alike, so also their plans. It is thereforeimportant to prepare a plan keeping in view the necessities of theenterprise. A plan is an important aspect of business. It serves thefollowing three critical functions:

Helps management to clarify, focus, and research theirbusiness's or project's development and prospects. Provides a considered and logical framework within which abusiness can develop and pursue business strategies over the next

three to five years. Offers a benchmark against which actual performance can bemeasured and reviewed.

The policies

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Policies are specific guidelines and constraints for managerial thinkingon decision-making and action. Policies provide the framework withinwhich decision-makers are expected to operate while makingorganizational decisions. They are the basic guides to be consistent indecision-making.

Long term planning of The FAG Bearings India Limited is to cover 65%market share in Automobile Industry of India.

Organizing

In this function it typically follows planning and reflects how theorganization tries to accomplish its goals and objectives. In relation tothe structure of a company, organizing involves the assignment oftasks, the grouping of tasks into departments and the allocation ofresources to departments. Organizing also involves establishing theflow of authority and communication between position and levelswithin the organization. Top manager performs these activities. Likewise middle manager and supervisors organize the tasks to create

positions within their departments. Job analysis and job designactivities are organizing function.

The organization structure of FAG Bearings India Limited. They followsLine Organization structure.

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Staffing

In this function staffing refers to the fundamental cycle of humanresources activities, determining human resource needs, andrecruiting, selecting, hiring, training, and developing staff members.

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This activity is done by the HR department of the FAG BearingsIndia Limited.

Directing

DIRECTING is said to be a process in which the managersinstruct, guide and oversee the performance of the workers to achievepredetermined goals. Directing is said to be the heart of managementprocess. Planning, organizing, staffing have got no importance ifdirection function does not take place.

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Directinginitiates

action and itis from hereactual workstarts.Direction issaid to beconsisting ofhumanfactors. Insimplewords, it can

be describedas providingguidance toworkers is

doing work. In field of management, direction is said to be all thoseactivities which are designed to encourage the subordinates to workeffectively and efficiently.

In FAG Bearings India Limited

Directing consists of process or technique by which instructioncan be issued and operations can be carried out as originally planned,here Directing is the function of guiding, inspiring, overseeing andinstructing people towards accomplishment of organizational goals.

Direction has got following characteristics:

1. Pervasive Function - Directing is required at all levels oforganization. Every manager provides guidance and inspirationto his subordinates.

2. Continuous Activity - Direction is a continuous activity as itcontinuous throughout the life of organization.

3. Human Factor - Directing function is related to subordinatesand therefore it is related to human factor. Since human factor is

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complex and behavior is unpredictable, direction functionbecomes important.

4. Creative Activity - Direction function helps in converting plansinto performance. Without this function, people become inactiveand physical resources are meaningless.

5. Executive Function - Direction function is carried out by allmanagers and executives at all levels throughout the working ofan enterprise, a subordinate receives instructions from hissuperior only.

6. Delegate Function - Direction is supposed to be a functiondealing with human beings. Human behavior is unpredictable bynature and conditioning the peoples behavior towards the goalsof the enterprise is what the executive does in this function.Therefore, it is termed as having delicacy in it to tackle humanbehavior.

In FAG Bearings India Limited each and every necessaryguidance,training,proper understanding are being provided to theiremployees when it is needed.

Controlling

Controlling is one of the managerial functions like planning,organizing, staffing and directing. It is an important function because ithelps to check the errors and to take the corrective action so thatdeviation from standards are minimized and stated goals of theorganization are achieved in desired manner.

According to modern concepts, control is a foreseeing action whereasearlier concept of control was used only when errors were detected.Control in management means setting standards, measuring actualperformance and taking corrective action. Thus, control comprisesthese three main activities.

According to Henri Fayol,

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Control of an undertaking consists of seeing that everything is beingcarried out in accordance with the plan which has been adopted, theorders which have been given, and the principles which have been laiddown. Its object is to point out mistakes in order that they may berectified and prevented from recurring.

According to Harold Koontz,

Controlling is the measurement and correction of performance in orderto make sure that enterprise objectives and the plans devised to attainthem are accomplished.

In FAG Bearings India Limited we found that organization isworking in much disciplined manner. Discipline is maintained in verystrict manner. There are certain policies framed by the Mgt. to keep

discipline in the organization.

Conclusion

we know that FAG is very big organization and market leader inBearing manufacturing. It has maximum market share in Bearingmanufacturing . Indian railway is very depending on the FAG BearingsIndia. So this organization is very systematically and smoothly runninghaving high standard of security . Though bearing is the only productof the co, they should also produce other product. Co should try formany other market to take the advantage of strong brand name of

FAG.

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