A Study of New Age Operational Strategy Adopted By Automobile and Engineering Industries in Maharashtra State

Abstract

It argues for paradigm shifts in management pedagogy to make it holistic to produce globally competitive professional managers to meet the needs of industry in the emerging Indian economy. The deep study of Business Cycles reveals that Recessions are not only recurrent but their frequency has increased in post 1980s. newlineThe modern age manager therefore has a much more difficult challenge to cope up with the crisis of slowdowns and recessions by grasping the advanced techniques of cost cutting and, productivity rising. This is coupled with sustainability and learning organization attitude and retaining the market share, by enhancement of quality and efficiency by the application of Six Sigma and similar world class manufacturing techniques. newlineToday s business landscape is bounded by factors like, global interdependence, flatter and leaner organizations, accelerating and ever changing technology, mergers and acquisitions, spin-offs, closures, frequent disruptions in the marketplace and constant need for Innovation and changing strategies. This scenario demands specialized competencies with new edge operation managers to make them successful while working at pluralistic workplaces. newlineEvery organization needs to be nimble, agile, adaptable, learning to embrace and implement changes and align their resources to critical business strategies if they want to overcome the VUCA world of volatility, uncertainty, complexity and ambiguity. newlineThe current management approaches and planned business operations strategies in a conventional way has to move on to context-mindful framework of involving all stakeholders in the value chain, thereby agility and readiness to move out from known certainty and to catch on the unknowable chaos and disruptions. Process innovation and newlineiv newlinecreativity to the value chain are key elements to successful operations strategies. newlineIn today s Volatile, Uncertain, Complex and Ambiguous (VUCA) world, Operations personnel face multitude of challenges that, too dynamic and completely different from the past. The