7/29/2019 Presentation - GP - 2013

1/14

Niroshi Abesinghe.

Dilrikshi Pothupitiya.

Pradeep Rajalingam

Waruna Dissanayake.

Dulara Samarashinghe.

Dhanushka

Dallas De Zilva

Ravi Fernando

Presented by

Presentation by Team

7/29/2019 Presentation - GP - 2013

2/14

Crisis

Performance gaps

New technology.

New opportuni ty and competi tion.

Mergers and acquisition

Sake of Change

7/29/2019 Presentation - GP - 2013

3/14

42 Companies.

Employee base of over 30,000.

Primary Businesses areas and Activities

Super Markets.

Tire Manufacturing.

Furniture.Automobile.

Agriculture.

source - Internal

7/29/2019 Presentation - GP - 2013

4/14

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

RS'Bn

RP'S Top - Line - Rs in Bn

Year

Revenue in Rs.Mn (500)

-

500

1,000

1,500

2,000

2,500

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

RS

.inBn

RP Profit/(loss) - 2002 to 2011

Year

Profit/ Loss in Rs.Mn

Top - Line

Year 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Revenue - Rs in Mn 4,351 5,237 10,119 13,094 15,628 20,143 21,103 22,339 27,242 31,498

Bottom - Line

Year 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Profit/(loss) - Rs in Mn 126 481 870 529 306 (215) (329) 580 1,681 2,340

Source : Internal source

7/29/2019 Presentation - GP - 2013

5/14

The main two Changes at Richard Pieris.

SBU Concept (1993) Management Structure change (2001)

7/29/2019 Presentation - GP - 2013

6/14

Employees Major Concerns

Fear of loosing jobs

Job Insecurity in the future

Loss of benefits

Decentralized Departments

Appointing CEOs to SBUsObjective driven

Labor Union Strikes

&Financial lost

for company

7/29/2019 Presentation - GP - 2013

7/14

RichardPierisPLC

RubberSector

Tyre

Sector

PlasticSector

RetailSector

PlantationSector

Service

Sector

7/29/2019 Presentation - GP - 2013

8/14

The take over of the management by Dr. Sena Yaddehige

(2001/2002)

A new Vision & Goal

7/29/2019 Presentation - GP - 2013

9/14

Richard

Pieris

RubberSector

CEO

GM

AssistantManager

Staff

TyreSector

CEO

GM

AssistantManager

Staff

PlasticSector

CEO

GM

AssistantManager

Staff

RetailSector

CEO

GM

AssistantManager

Staff

PlantationSector

CEO

GM

AssistantManager

Staff

ServiceSector

CEO

GM

AssistantManager

Staff

7/29/2019 Presentation - GP - 2013

10/14

Forcing

Accommodating

Avoiding

Compromising

Collaborating(Win- Win)

7/29/2019 Presentation - GP - 2013

11/14

Organizational Culture can be defined as "the collective programming of the

mind that distinguishes the members of one organization from others

- Geert Hofstede

The New Culture

Innovation.

Risk taking.

Target orientation.

Profit orientation.(bottom Line)

Extreme concern for cost efficiency.

Self sustenance .

Finally a global orientation.

7/29/2019 Presentation - GP - 2013

12/14

Culture Change (pre)

Family oriented culture (Power

culture).

Role culture

Culture Change(post)

Business oriented culture.

A culture thats aligned along

with international organizations

Hybrid culture (Role and task)

7/29/2019 Presentation - GP - 2013

13/14

Create urgency

Form a powerful coalition

Create a vision for change Communicate the vision

Remove obstacles

Create short term wins

Build on the change

Anchor the change in corporate culture

Kotter

7/29/2019 Presentation - GP - 2013

14/14

Have a proper decision making process Innovation should come from all departments and

sections of the company.

A well planned learning environment should be

implemented. Have a structured HR department.

Questions ?