1.1 Background of the Study
Organizational studies, sometimes known as organizational science, encompass the systematic study and careful application of knowledge about how people act within organizations. Organizational studies include the following disciplines: industrial and organizational psychology, organizational behaviour, human resources, change management, ethical and customer value management. Organizational studies encompass the study of organizations from multiple viewpoints, methods, and levels of analysis. the study of "micro" organizational behaviour — which refers to individual and group dynamics in an organizational setting — and "macro" strategic management and organizational theory which studies whole organizations and industries, how they adapt, and the strategies, structures and contingencies that guide them.
OBJECTIVES OF THE STUDY:
* Too familiar with organization’s mission, vision, values and objectives. * Too familiar with the different departments functioning in the organization. * To understand the services and utilities provided by the company to the society. * To understand the relationship between the higher authorities and the workmen in order to achieve the organizational goals. * To understand the overall development of the HR departments. * To understand the key business process are carried out in the organization. * To bring out the integrated and coordinated efforts made by the different departments to achieve the organizational goals. * To evaluate the efforts and contributions made by the employees towards the overall development of the company’s reputation.
BELGAUM AQUA VALVES PVT. LTD.
A valve is a device designed to regulate the flow of a gas, liquid, slurry, or dry material through a pipeline or a chute. Valves regulate the rate, volume, pressure, and direction of the flow. The Valve Manufacturers Association of America (VMAA) observed that valves are basic yet indispensable items in our society and are required in "virtually all manufacturing processes and every energy production and supply system." Today's valves are made from a variety of materials and range in complexity from simple to highly sophisticated. They range in size from a fraction of an inch to more than 30 feet in diameter, and they can handle pressures ranging from a vacuum to more than 20,000 pounds per square inch, as well as temperatures ranging from cryogenic extremes to more than 1,500 degrees Fahrenheit.
Compared to other manufacturing industries, the industrial valves segment is both labour and capital intensive. High-tech equipment is used to research, design, manufacture, and test products. Comparative ratios of employees, production workers, wages, and hours worked per establishment traditionally have been much higher than in other manufacturing industries. Cost, shipments, and investment per establishment also have been higher than the manufacturing average. Industrial valve manufacturers expected growth to slow as a result of lower raw materials costs that would lower the average unit price per valve. The valves are devices used to make the medium (liquid, gas and powder) in the pipes or equipment’s flow, stop and enable to control the flow volumes, indispensable fluid control devices in the national economic departments, such as petroleum, chemical industry, power plants, long-distance pipelines, shipbuilding, nuclear industry, various low temperature engineering, space navigation and marine oil. America is the largest valve provider in the world. According to the statistics from Manufacturers Standardization Society of the Valve and Fitting Industry, there are more than 110 valves enterprises with the annual output values exceeding 4 billion USD. With the intensification of the globalization of American enterprises, American valve enterprises begin...