Godrej

Good Essays
he Godrej Group is one of the oldest and most diversified firms in India. From a lock making company in 1897 to a present day conglomerate – the transformation has been phenomenal. It provides us a rich insight into a company that successfully adapted to a dynamically changing environment.
Once synonymous with locks and safes today it has presence in FMCG, consumer electronics, engineering, IT and other fields. Safely ensconced in the protective environment of the license raj, the liberalization of ‗91 and the ensuing challenges from the MNCs provided yet another stimulus for change. The company shed its image of a closely held family business and moved from a family-owned family managed to familyowned professionally managed organization. The movement has been gradual and marked with a number of hindrances. This can be attributed to the organizational inertia which tries to maintain the status quo.
The two major companies of Godrej group – Godrej & Boyce and Godrej Industries
Limited, have sea change of difference in organizational culture and focus areas. While,
Godrej & Boyce continues to focus on consumer, industrial and office equipment products, Godrej Industries Limited is more dynamic and focuses on range of sectors including FMCG, retailing, food, IT, real estate, etc. It gives a lot of independence to its affiliate companies and subsidiaries in decision-making. However, the control of Godrej family exists with family members having full control or as board members in some of the companies. The company had other shares of troubles as well, for instance unsuccessful partnership with P&G.
Despite all the troubles, the second and third generation of Godrej families (fourth generation has entered the fray recently), continued to follow the vision of its founders.
They diversified, ventured into new areas, and became global. However, they never allowed majority ownership to any of their foreign partner and

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Change in organizations is an ongoing process. Change can either be planned or an unexpected result of a decision or other event (Grossman & Valiga, 2009). The purpose of this paper is to identify and discuss a change that has been implemented within the organization.…

    • 569 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    A family is a group consisting of parents and children living together in a household.…

    • 412 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Unit 3 D1

    • 883 Words
    • 1 Page

    very good, this is because there are some areas where they could improve in marketing.…

    • 883 Words
    • 1 Page
    Good Essays
  • Better Essays

    Sociology 210 Unit 4 IP

    • 1273 Words
    • 6 Pages

    Attempting to define “Family” may seem to be a simple concept however, there is no simple definition. A family is a group of individuals that share a genetic and legal bond. A union But, for most people family is the symbol of so much more complicated than it may seem. Mayntz, (2006-2013)…

    • 1273 Words
    • 6 Pages
    Better Essays
  • Better Essays

    family health assessment

    • 1380 Words
    • 6 Pages

    A family consists of a group of interacting individuals related by blood, marriage, cohabitation, or adoption who interdependently perform relevant functions by fulfilling expected roles. (Edelman, Kudzma, & Mandle, 2014, p. 150)…

    • 1380 Words
    • 6 Pages
    Better Essays
  • Better Essays

    The family is a universal institution present in every society throughout the world. For many, the family seems a familiar and comfortable institution, but this can appear in many different forms. A particular type of family is the ‘nuclear’ family; this consists of parents and children living together in the same household. The ‘conventional nuclear’ family comprises of a married man and woman with their biological children living together, this type of family is often dubbed ‘the cereal packet family’ where the male is the breadwinner and the female a homemaker. Another family type is the ‘extended’ family which includes all kin beyond the nuclear family e.g. Grandparents, Aunts or Uncles etc. Other family types include; Patriarchal families, Reconstituted or (step) families and Loan Parent Families, all of which are alternatives to the traditional nuclear family.…

    • 1279 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    There are a few basic things that need to be addressed first to begin to understand the concept of working in family systems. Within the family system as a whole there are similar smaller systems knows as subsystems. Generally, there has been focus on three primary subsystems: marital (or couple), parental, and sibling. These can also branch off into other systems. This is where the saying, “A family is greater than the sum of its parts” comes into context (http://web.pdx.edu, 2009). The subsystems are defined by who makes up each and what their purpose or goal is in the family as a whole. Related to this concept are boundaries. Boundaries occur at every level of the system and subsystems (http://family.jrank.org, 2009). Depending on the family and how they work, some have very open boundaries and other may have tight restrictions. These boundaries affect who and what is let in or out of the family as a whole and among the subsystems.…

    • 1538 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Family is a word used to describe those of blood relation. It includes grandparents, parents, aunts, uncles, grand-children, and all cousins. In-Laws are included unless a divorce ensues. In this circumstance the former in-law is no longer part of the family. However, the children are of blood relation so they will always remain part of the family.…

    • 1339 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    review of the company’s history and timeline lead us to a greater understanding of how…

    • 9042 Words
    • 37 Pages
    Powerful Essays
  • Good Essays

    Autism On Family

    • 780 Words
    • 4 Pages

    Family: any combination of two or more persons who are bound together over time by ties a mutual consent, birth, and/or adoption/placement and who, together, I assume responsibilities for various combinations of some of the following: physical maintenance and care of group members; addition of new members their procreation or adoption; socialization of children; social control of members; production, consumption, and distribution of goods and services; affective nurturance–…

    • 780 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Sociology Notes as Level

    • 2160 Words
    • 9 Pages

    |A family is a group of people generally related by blood ties or |No one is related |…

    • 2160 Words
    • 9 Pages
    Better Essays
  • Better Essays

    Family is seen in a different way by every person built on individual’s understandings. Family, in other words, may not necessarily involve at all times persons linked by blood (Friedman, Bowden, & Jones 2003). In health care organizations patients presenting to the facilities, are taken care of as well as their families. Families described in health care organization are seen as a support group or system of the person whose well-being is compromised. In our health care industry today, support group functions and roles of families are carried out in different forms and shape based on the health condition of the patient (Friedman,…

    • 1095 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Sociology and Perspective

    • 2367 Words
    • 10 Pages

    A family is “a set of people related by blood, marriage or some other agreed-upon relationship, or adoption, who share the primary responsibility for reproduction and caring for members of society.” (Schaefer, 2009) A family is considered a social institution. This social institution is one that can be applied to all three sociological theories which are functionalism, conflict, and interactionism.…

    • 2367 Words
    • 10 Pages
    Good Essays
  • Satisfactory Essays

    * Family members play their role and have great attitudes there is balance, peace and unity in the family.…

    • 689 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    P&G and Godrej

    • 278 Words
    • 2 Pages

    Answer: Richard found these government meetings frustrating. Even though he always phoned to make firm appointments, the bureaucrats usually kept him waiting for half an hour or more. Not only that, his meetings would be continuously interrupted by phone calls and unannounced visitors as well as by clerks bringing in stacks of letters and documents to be signed. Because of all the waiting and the constant interruptions, it regularly took him half a day or more to accomplish something that could have been done back home in 20 minutes.…

    • 278 Words
    • 2 Pages
    Good Essays