Human Resource Management

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Presentation transcript:

Human Resource Management

Human Resource Management Case Studies CASE STUDY (20 Marks) The Punjab Machine Tools Corporation (PMTC) is in the business of metal cutting and metal forming tools is facing competition at national and international levels. The business of the PMTC changes with the capacity utilization of user industries. In a recent meeting the MD of PMTC Mr. Gyan chand was urged by the distributors to launch a high – tech metal cutting tool using latest technology. They felt that this would help in fighting dumping of cheap second hand machinery and increase the domestic and export market. Gyan chand realized this would increase his R&D budget.

A fully automated production line increases financial expenditure, require inventory space, training of mechanics in fully automated robots and gadgets. Gyan chand recalled the previous market meetings wherein, the marketing people wanted many varieties of machine cutting tools but never appreciated its financial burden. PMTC so far has successfully managed the business with two models of cutting tools and Gyan chand realized that no need for new models but to improve existing models and reduce its cost and sales price. The customers are interested in getting value for their money. Gyan chand sought the opinion of a consultancy firm in this regard.

Answer the following question. Q1. What do you think is the mission of PMTC? Q2. What kind of opportunities and threats exist for PMTC? Q3. Evaluate the strength and weakness of PMTC? Q4. What factors are critical for PMTC’s success or failure?