Professional Documents
Culture Documents
R - Reinforcement
A - Awareness
i - Interest
N - Novelties
I - intencity
N - Nurturing
G - Grip
DEVELOPMENT
Development in contrast is considered to be more general
than training and more oriented to individual needs in addition to organizational
needs and its most often aimed towards management people. Usually the intent
of development is to provide knowledge and understanding that will enable
people to carry out non technical organizational functions more effectively, such
as problem solving, decision making and relating to people.
DISTINCTION BETWEEN TRAINING AND
DEVELOPMENT
TRAINING
Training is short term process utilizing a systematic and organized
procedure by which non - managerial personnel learn technical knowledge and
skills for a definite purpose.
DEVELOPMENT
Development is long term educational process utilizing a systematic
and organized procedure by which managerial personnel learn conceptual and
methods.
INDUSTRY PROFILE
E - Proximity to marketing.
I - Availability of labour.
COMPANY PROFILE
ADMINISTRATION
The general administration of the company is carried out by
managing director, and general manager of finance , commercial, operation,
material, purchase, human resource and administration.
LOCATION
LANCO industries limited is a rural based factory sprawling over
many areas of land wite deep resources and congenial soil. It is located in
Rachaguneri village near Tirupathi. Nearly 50% of the consumption of electrical
power is supplied by APSED, government of andhrapradesh. And other 50% of
the power is maintained by the company owned DG sets and power plants .
SInce it is a rural area, labour potential is available and also company is enjoying
the subsidies from the state government. The LANCO group is diversified
multifaced conglomerate, with business interests in pig iron, cement, power in
graded casting, spun pipes real estates development , information technology
apart from infrastructure us development promoted by enterpreneurial skills and
the agenda to put the group on the global corporate map during the next 10
years.