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Times of india
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Times of india

  1. 1. BY: Ruchi Bavishi -02 Satvinder Goraya- 13 Anish Pai- 26 Sahil Shah-41 Mitesh Raste- 138 Rudvik Joshi- 123
  3. 3. • Name of the Organization: Times Of India • Telephone No.(office): 022-66353535 • Website: http://www.toi.in • Address: Times of India Building, DN Road, Fort, Opposite CST Station Mumbai – 400001 • Sharada dey chowdhuri – sharadeychowdhuri@timesgroup.com 8898980400 • Type of Industry – News and Entertainment Industry • Whether the organization is listed? NO • Do your company have a Vision Statement? YES
  4. 4. • What is your employee strength? >3000 • Work specialization (division of labour) - Remarks : 10000 of our permanent employees, who come under the unionised category, are covered by collective bargaining agreements • Delegation - Remarks: Through instruction, monitoring & rewarding performance, feedback, ensure that authority equals responsibility - Span of control - Remarks: As less levels of organization Structure, it has narrow span of control
  5. 5. • Tall vs. flat organization - Remarks: Relatively flat structure • Formalization (high/low) - Remarks: High • Departmentalization - Remarks: Divisional • On a scale of 1-10 where would you rate your organization structure (1=mechanistic and 10= organic) - Remarks : 5
  7. 7. Mission "To be the leading provider of news, by providing timely, accurate and multi-dimensional news. To be the first paper the reader reads today and every day, by delivering consistently high standards of journalism."
  8. 8. Vision “Aim to provide compelling content and creative solutions to enrich lives, helping people to know more, do more and to live inspired.”
  9. 9. Core Values * Commitment to the truth * Commitment to readers * Commitment to viewers and listeners. * Quality * Excellence
  10. 10. Organizational Structure
  11. 11. How are operative goals set in your organization? How are they measured? • New performance appraisal system measured on Key Performance Areas (KPA) • These are measured and analysed by KRA (Key Result Areas) • Regular interval assessment is done
  12. 12. Where is the organization now? • Times of india is doing well in its newspaper industry. Not many major competitors are there. And they have an advantage of being in a position of monopoly • Profits have risen up by 20% since 2013
  13. 13. Where does the organization want to be? • The company is looking forward to enrich the content with more locally generated copy infront of bought-in editorial content
  14. 14. What changes are happening among competitors? • Competitors are looking for innovative ideas in terms of mobile strategy and to map the readership and engagement of consumers.
  15. 15. What courses of action will help us achieve our goals? • The company holds the ambitions expand into radio broadcasting in different parts of countries • Planning to launch many titles grow its magazine interests in the coming years
  16. 16. How do you perceive strategy made in your organization? • Under Miles & Snow, Times of India would fall under Analyzer. • The company balances efficiency and learning towards expansion of new categories of its products • It balances the tight cost control, operational effectiveness with flexibility and adaptability • Times of India has consistently tried to maintain current markets and current customer satisfaction with moderate emphasis on innovation by introducing e- papers, online applications by using mobile strategy. • It has focused on newspaper segment as well as magazine category with new plans of diversifying itself in radio and different campaigns involving customer engagement.
  17. 17. Size and Growth Template
  18. 18. What is the total number of employees working in your organization and when was it formed • The Times Group has over 11,000 employees. • It was founded on 4 November,1838
  19. 19. Is the organization owner driven or professionally managed? The organization is professionally driven. The times of India group owns the following :-  11 publishing centers  15 printing centers  55 sales offices  Over 7000 employees  5 dailies including two of the largest in the country  2 lead magazines  29 niche magazines  Reaching 2468 cities and towns  32 Radio Stations  2 Television News Channels  1 Television Life Style Channel
  20. 20. In your opinion does structure determine size or vice versa in your organization? • Size does not affect structure in an owner-controlled organization but rather in a professionally-driven organization • Size predicts only certain dimensions of structure • Technology determines structure and consequently structure determines size
  21. 21. At what stage of growth (entrepreneurial, collectivity, formalization, elaboration) is the organization currently operating? • The organization is currently operating at elaboration- of-structure stage since its going through a series of renewals through decentralization, expansions and other adaptations
  22. 22. Various departments in the organization are as follows : • Response • Brand Capital • Results and Market Development • Editorial • Production • Business and Commercial • Finance • Management Assurance Services • Mergers & Acquisitions • Modernization • Legal • Personnel • Administration • Human Resources
  23. 23. Flow of the organization
  24. 24. Technology Template
  25. 25. What does your organization produce? Service / product • Product/Service – newspaper, application
  26. 26. Distinguish between the line & staff in your organization? • Have 3 shifts. Have fixed number of hours. Have taller hierarchy than in Staff • Works in general shift. Have no fixed hours of work. Work in dedicated teams and flatter structure like journalists, editors
  27. 27. If your organization is manufacturing, where does it fall in the Woodward’s classification? State the relationship between technical complexity and structural characteristics. Is flexible manufacturing and lean manufacturing practiced in your organization? • Large batch and mass production with the split press work i.e. at a time both Times of India and economic times can be printed and produced • Flexible Manufacturing is practiced • Production plant is at various places including Sahibabad, UP
  28. 28. What type of departmental technology your organization has? Pooled, sequential or reciprocal • Sequential Interdependence as it follows classic assembly line in printing newspapers. • The company has shifted from AM screening to FM screening for ink optimisation • The mailroom facility of the plant boasts equipment from Ferag for the Colorman machines and equipment from Wamak for the Geoman • Geoman variety of double width with double circumference is available only in Delhi and Mumbai plants
  29. 29. Culture Template
  30. 30. Seven parameters of culture • Innovation and risk taking : Rating 8 They use innovative methods to deliver news to people. They have started epaper ans developed apps for mobile device. • Attention to details : Rating 9 • Being a media firm attention to details is a very important part of work culture • Outcome orientation : Rating 8 TOI works to achieve good results and success
  31. 31. • People orientation : Rating 8 TOI believes in investing in people • Team orientation : Rating 9 • Aggressiveness : Rating 9 • It is important to be aggressive to get the information before competitors • Stability : Rating 9 The core values of TOI has remained same since 175 years which is the biggest reason for its success Seven parameters of culture
  32. 32. Core values of TOI • Core values of TOI is commitment to the truth and their commitment towards readers, viewers and listeners.
  33. 33. Rites • Rites of passage : Training is given to all new employees so that they could learn about the work culture and process in TOI • Rites of integration : Celebration for achievement, office parties and trips. • Rites of enhancement : Annual award, appreciation and promotion
  34. 34. Stories • Third largest newspaper in India by circulation and largest selling English newspaper in word. • Most widely read Indian newspaper • It was ranked 174th among India’s most trusted brand.
  35. 35. Symbols
  36. 36. Language • Invest in people • Commitment towards truth and their customer.
  37. 37. Environment Template
  38. 38. Does your organization have knowledge management system? Discuss • The company mostly uses TechNova at its places, are very good • The company has five lines of Krause CTPs • SAP ERP is present in the organization for the enabling information management system
  39. 39. Discuss the task and general environment for your organization? • Whether or not print dies, its business model will. Physical wares—newspapers, books, magazines, discs—will no longer be the primary or most profitable means of delivering and interacting with media: news, fact, entertainment, or education. • It’s not that print is bad. It’s that digital is better. It has too many advantages (and there’ll only be more): ubiquity, speed, permanence, searchability, the ability to update, the ability to remix, targeting, interaction, marketing via links, data feedback. Digital transcends the limitations of—and incorporates the best of— individual media. • More important than any of that, of course, is that digital reduces the incremental cost of production and distribution of content to zero. And as every newspaper can tell you post-Craigslist: It’s impossible to compete with free
  40. 40. • The keys to making the transition: Advertisers will realize that their customers are digital and that marketing online, in a post-scarcity economy, must be cheaper and exponentially more efficient and effective. Technology and connectivity will advance, making content an everywhere experience. And print addicts will (sorry to be so blunt) die. • Note that in 2008, online revenue at the Times of India surpassed the cost of its (reduced) newsroom, making it possible to produce the "paper" as a sustainable digital enterprise without the expense of creating and distributing a physical product. There is the beginning of the end of print.
  41. 41. In the frame work of environmental uncertainty where do you think your organization falls? • Macro-environmental uncertainty: This is uncertainty in the organization’s general environment, including political, regulatory, statutory, and economic conditions. This uncertainty has the capacity to reduce an organization’s capability for mapping out and pursuing strategic choices • Technology uncertainty: This is uncertainty pertaining to change in the industry’s technological resources and capabilities. Technological uncertainty has the potential to undermine an organization’s competitive base
  42. 42. Discuss the strategy your organization has taken to adapt to uncertainty? • Times of India - Embracing the inevitable transition to a digital future • Times of India has fundamentally remained the same since the invention of the printing press. Traditional Times of India survived and even flourished in the radio and television age, as users favored the benefits of convenience, physical delivery format, flexibility and reach. The digital medium combines the advantages of traditional Times of India with the added conveniences of any-time information, real time updates, and increased personalisation. Globally, user preferences and habits are beginning to change in favor of digital consumption. Increasing laptop and computer usage, growing internet penetration and availability of a large body of varied and quality content (largely free) initially drove digital readership. The proliferation of tablets and smartphones has provided the tipping point for online readership through “anytime, anywhere” access.
  43. 43. Decision-Making Template
  44. 44. Discuss the rationale model of decision making in the organization?
  45. 45. Discuss the rationale model of decision making taken in the organization?
  46. 46. Give one example each from your organization for Incremental process model, management science model and garbage can model • Management Science model : Demand Forecasting • Garbage Can model : Operational Excellence
  47. 47. CHANGE • 1838: The Bombay Times and Journal of Commerce is launched by a British syndicate. • 1855: Telegraph service starts in India and the paper signs an agreement with Reuters for "raising news coverage and lowering subscription rates." • 1861: Paper is renamed The Times of India after it acquires two smaller rival papers. • 1902: Paper moves into its current offices opposite Victoria Terminus. • 1915: Price for the paper is cut from four annas to one anna as new rotary machines increase supply. • 1946: Paper becomes Indian-owned and the editorial policy becomes openly nationalist. • 1949: Matrimonial ads, known as "Catches and Hatches," are introduced. • 1950: Paper's crest is changed from the lion and unicorn symbol of imperial Britain to two elephants, and anew credo - Let Truth Prevail - is adopted. • 1991: The Times of India is chosen as one of the world's six greatest newspapers by the BBC. • 1996: Times of india.com launched. • 1997: Mumbai edition carries its first colour photograph. • 2003: Delhi edition becomes the first paper in India to go all-colour.