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Lucky lanka milk processing co. ltd

Jan 26, 2015

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Business

About the management process of Lucky Lanka

  • 1. UCD12.2:Principles Of Management (Group Assignment)Lucky Lanka Milk Processing Co. ltd

2. Overview Company Background Planning and Decision makingOrganizing LeadingControlling Managerial Issues Suggestions of the group 3. Company Background 4. Company BackgroundMore famously known as Lucky, it is Sri Lankas favorite dairy products manufacture, currently manufacturing yoghurts and pasteurized milk. It is in the forefront innovating nutritious products in diverse tastes and flavors. 5. Company BackgroundHistory Company has started the journey back in 1991 as a small scale business with a single household cow. At that moment the industry only produced 30 to 40 vanilla yoghurt to the market. The yoghurts were taken to the shops nearbyKamburupitiya by moter bikes. 6. Present Lucky Lanka has storage facilities for 30000liters of milk and they collects 15000 to 20000 liters of milk from farmers.There are about 115 delivery vehicles that distribute hundred thousands of dairy products. 7. Company BackgroundProducts Their product portfolio includes 35 products such as Vanilla, Chocolate, Strawberry yoghurts, pasteurized Milk bottles and Milk packets. 8. Company BackgroundChairmanMr. Lal keerthi Gunwardhana Chairman of the Lucky was winning the Platinum Award From SriLankan Entrepreneur of the year. 9. Planning and Decision Making 10. Planning and Decision MakingWhat is planning?Planning is generally defined as a process of establishing suitable objectives & strategies for an organization 11. Planning and Decision MakingCreation of healthy generation towards prosperous future in Sri Lanka.To be the leading dairy supplier for Sri Lankan consumer by year 2015. 12. Planning and Decision MakingGoals & Objectives To provide the best quality all natural and certified products. To make our consumers and milk producers aware on the value of protecting the environment and of supporting family farmers. To serve as an environmental friendly business model which is sustainable and being socially responsible that will also be profitable. To provide a healthful & pleasant work place for all employees. 13. Planning and Decision MakingSWOT Analysis Strengths Providing a quality product for a very reasonable price. 115 delivery vehicles. Good brand name. Great leadershipOpportunities Emerging customer needs. Quality improvements. Opening new branches.Weaknesses Milk cannot be stored more than 72 hours. Poor condition of roads around the mother branch of Lucky Lanka.Threats New entry by competitors. Emergence of cheaper competitors. Shifting demand. Rapidly increasing trend of inflation in Sri Lankan economy 14. Planning and Decision MakingStrategic Plan The main purpose of creating strategic plansis to achieve large scale objectives. Accordingly Lucky Lankas operation managers prepare strategic plans their plan limit between 6 - 14 months. Strategic plans of Lucky Lanka Zero employee layoff Excellent service to customer Enough money return on investment Constant improvement of the quality of all products 15. Organizing 16. OrganizingWhat is Organizing? Organizing can be viewed as the activities to collect and configure resources in order to implement plans in a highly effective and efficient fashion. Organizing is a broad set of activities, and often considered one of the major functions of management. Therefore, there are a wide variety of topics in organizing. 17. OrganizingChairmanGeneral ManagerDirector StoresPurchasing managerDirector FinanceStores ManagerDirector OperationsManager SecurityWide span Wide structure.Q.A. ManagerDirector Of MarketingRegional Sales ManagerDirector EngineeringMarketing Servicing ManagerDecentralized Formalized More hierarchical levels 18. OrganizingDEPARTMENTALIZATIONFINANCE DEPARTMENT HR DEPARTMENTPRODUCTIONSTORESLUCKY LANKACHAIRMANMARKETING DEPARTMENT OPERATIONAL DEPARTMENT IT DEPARTMENTCOLLECTIONMARKETINGPRODUCTION DEPARTMENT OPERATIONTRANSPORT DEPARTMENT FINANCESTORS DEPARTMENT 19. Leading 20. LeadingWhat is Leading? Leading is the management function that involves motivating subordinates influencing individuals or team as they work, selecting the most effective communication channels or dealing in any way with employee behavior issues.Three types of leading methods to achieve their goals, Leadership Motivation Communication 21. LeadingWhat is Leadership? Leadership is the process of influencing a group towards the achievement of goals. Role of Leadership at Lucky Lanka Milk processing Company Ltd. Top management leadership is based on the companys chairman Mr.Lal Kirthi Gunawardhana who had won the FCCISL Entrepreneur of the year 2011 National Platinum Award for being the best entrepreneur of SriLanka. 22. Leading What is Motivation?Motivation is the driving force based on positive feelings that produces goal directed action in individual and the firm. It is the necessary to reward goal directed action to ensure repetitive behavior towards the goal / goals in the organization. 23. Leading How They Motivate EmployeesProvide a satisfactory working environment. Provide with an insurance policy and medical facilities. When recruiting employees an initial training is provided.maternity leave are entitled for Women employees Safety clothing and other protective equipment are provided.Latest technology is introduced to make employees more enthusiastic on their work. 24. Leading What is Communication?Internal communication refers to the exchange information and ideas within an organization. in most business, much information can be exchanged internally by, Displaying notice. Sending e-mails Giving announcement Giving telephone calls 25. Controlling 26. ControllingWhat is Controlling? A process of monitoring performance and taking action to ensure desired results. It seems to it that the right things happen, in the right ways, and at the right time. 27. ControllingPurpose Of Controlling Adopting to environmental changeLimiting the accumulation of Error Minimize costCope with organizational complicity 28. ControllingThe Controlling ProcessEstablish StandardsMeasure performanceMaintaining statusCompare performances and standardsCorrect the deviationEvaluate performance and take actionsChange standards 29. Managerial Issues 30. Managerial IssuesThe most obvious and damaging issues are the storage issues. The main ingredient that uses to make yoghurt is fresh milk. Milk cannot be stored more than 72 hours even in Refrigerators. The demand for refrigerated foods and beverages decrease during raining season because customers reject cold foods due to the weather condition. But the yield of milk from cows get increased due to the fresh food they consume Some times the production process crash due to the failures in major machineries that have been used in production process. The company has to bear great expenditure to maintain to high rank officers who come from far away areas. A large amount of money and effort has to be spent on transporting plastic waste to recycling facility that is located some what far away from the production unit. 31. Suggestions of the Group 32. Suggestions of the group To manage milk in rainy seasons, we recommend start producing milk powder from the excess amount. To save the amount of money that is reserved for the managers that come from various areas, we recommend building new accommodation facilities close to Lucky Lanka factory. To overcome the Plastic waste transportation problem werecommend them to build a new recycling facility inside the factory. To overcome the problems that could occur due to brakedown of major machineries, we recommend them to keep a 33. Our Crew Anuradha Ayaskantha Tharushika RuwangiSathya Ranmuthu Sahan PrabashwaraNirmani Nawanjana 34. This is the time for Questions. 35. Thank You all for lending us your kind ears!