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Saifullah Tariq
Omair Khalid
Mustafa Siddiqui
LETTER OF ACKNOWLEDGEMENT
History
In a span of 58 years Lakhani Silk Mill has travelled a long distance to
achieve the milestone and market reputation that it possesses now. Their
CEO says: It all started when we decided to get into this business with the
vision to take a splash in the industry. We have been working for 2
generations now and we are regarded in the industry as those who
understand textile in its most profound form
(http://www.lsmfabrics.com/lsmprofile.html)
After efficiently making a mark as the most fashionable style designers of
Pakistan, Uzma Mirza and Seema Sherazee collaborated their Zunn signature
alongside Lakhany Silk Mills (Pvt) Ltd method back in 2006 and crafted lawn
that is vintage into a work of fine art alongside a timeless appeal. Instituted
in 1978, Lakhany Silk Mills is an oldest and most accepted textile house of
Pakistan which provides best quality fabrics and sketches of elevated quality
fabrics and designs to the customers.
House of Zunn and Lakhany Silk Mills interlace a magic jointly yet once more
and raise their most motivated collection to date. Keeping their urbane
clientele managing who aspire to dress stunningly period afterward period,
this new scope introduces assorted new textures this summertime like
Cotton, Nets and Cutworks. Every single fabric is crafted and projected
prudently alongside an indefinable sense of glamour, therefore permitting
you to dress up the House of Zunn way.
A fabric that is woven alongside such loving, care and dyed in the gorgeous
shades of nature adds elegance and magnificence. Lakhany silk Mills is the
producer of such fabrics; fabrics that articulates unmatched quality &
unmatched comfort.
Vision
Our vision is to provide our consumers with the finest quality products &
reasonable prices. This sets us separately from our competitors and we will
always fight to uphold this rank keeping in mind client satisfaction and
production in a price competent, nature approachable and eco-friendly
manner.
(http://www.lsmfabrics.com/lsmprofile.html)
Mission Statement
LSM is a firm that trusts in originality and character and quality as
foundation. It aims to satisfy customer wants and become a market leader by
maximizing its productivity and profitability level.
LSM commenced by producing elevated quality produce in 1952 alongside an
unmatched enthusiasm. Nowadays LSM stands as a cluster of companiesLSM GROUP. Textiles is not merely an instituted marketplace but additionally
the one whereas to make your mark, you've to be outstanding right from the
outset. The LSM cluster caters to the demand of a varied line of groups for
this demanding market. Be it dyed and printed 100% cotton, 100% polyester,
polyester viscose, polyester cotton, Garments producing, Bed-linen, drapes
or terry towels, the LSM cluster covers all at its vertically consolidated
producing facilities. Our state-of-the-art supplies & machinery makes sure
that our products are of the highest quality.
In addition, LSM has been a chief player in home textile and garments in
Pakistan.
2.Men Shirting
3.Terry
LSM uses management ideas in the production of its goods. It uses the 4
common Ms i.e skilled labor that is man, imported as well as local raw
material that is material , imported and local machinery that is machine
and to obtain these 3 Ms it uses its financial resources efficiently that is
money to carry out the management process.
There are four basic Management functions that play a vital role in each and
every organization, without which attainment of goals would be next to
impossible.
These 4 functions include:
Planning: It involves choosing tasks that must be performed to attain
organizational goals, outlining how the task must be performed, and
indicating when they should be performed. Through this management
function the manager outlines exactly what organizations must do in order to
be successful. Planning is essential to get the right things done.
Organizing: Organizing can be thought of as assigning the tasks developed
under the planning functions to various individuals or groups within the
organization. It helps allocate resources so that the management process
can be done properly.
A manager at LSM says, LSM ensures that its organizing should not be rigid,
instead be adaptable and flexible to meet challenges as circumstances
change.
These management functions are the activities that LSM carries out step by
step or simultaneously as they are all inter-related and inter-dependant.
Leading: It is the process of directing the behavior of others towards
attaining some goals. Directing, in a sense, means influencing an individual
to act in a certain way or to follow a particular course. Leadership is the
prerequisite for organizational success.
Controlling:
Planning
LSM manager says, We ensure quality management process as
we know that all the functions are inter-related and
interdependent to some extent and our team is aware of the fact
that all the processes go simultaneously
SINGLE-USE PLANS
Budget
Every year LSM sets the budget for each and every department which tells
the department head how the funds will be allocated and obtained for the
purpose of meeting the organizational objectives
Programs
At LSM, it has fewer programs, for instance, 2 or 3 years before LSM used to
work with Sana Safinaz having her as their lawn designer but now recently as
per the new trend of fashion, LSM has signed a contract with Zunujj, a
designer from Lahore having very creative ideas and designs for fabric.
LSM Managers and Subordinates set goals and objectives togethermutually agreed upon decisions are implemented in LSM.
Time constraints and Time period is kept in mind so that effective and
efficient planning is conducted
Periodically performance evaluation is done. Through this performance
appraisal rewards are given to those who help accomplish goals.
ORGANISING
As per the basic definition, organizing is how the management puts all the
resources together and how the resources aid the production process.
As earlier it can be seen, a proper hierarchy is visible at LSMs organizational
structure, with the top authority lying with the top management. A formal
structure is being followed at LSM, which has a proper chain of command
being practiced.
DEPARTMENTS
LSM have their departments according to the products they make which are
as follows:
1. Terry towels
2. Mens wear both locally and exports
3. Women Lawn
For all these departments they have different heads. Each department has
their own merchandiser, and they also have their own people for the sales
sector, production sector and marketing.
DEPARTMENTS BASED ON
FUNCTION
ORGANIZATIONAL PROCESS
1.
2.
3.
LSM sets their plans according to their organizational objectives. Their main
purpose is profit maximization so they work according to customer
requirements. To be successful they follow the needs of their customers. If a
customer asks for 100% cotton the company makes sure that the terry
towels or any other product which is asked for is properly made.
LSM divides its major tasks or the jobs to be done among their workers. They
prepare their items according to the needs of the customers, because if they
exceed their limits and dont work according to the plan they will not break
even.
Then LSM breaks the major tasks into sub tasks. For example: a client
requires a product with a specific quality and design so the managers will not
only ensure materials to be perfect but also the processing of direct labor
and machines to be up to date in order to achieve their desired result and
this is done by dividing major tasks amongst workers.
4.
ALLOCATING RESOURCES AND DIRECTIVES FOR SUBTASKS
Then LSM allocates resources (4ms) in departments and gives directions to
workers who are going to fulfill the job. Sufficient amount of resources are
allocated in each area, not more not less, so that they do not go to waste.
5.
After the product is ready then LSM has set a QC department which checks
the items to see whether they are properly made. They make sure that there
is no defect in the products that are made. The defected items are sent back
and corrections are made.
Non-Programmed Decisions
Leading
BASIC PRINCIPLES OF LEADING
LSMs management pays important attention in guiding the activities of its
employees to enhance the accomplishment of its objectives. The
management influences its employees by strong leadership, motivation and
through proper communication.
Leading is the process of guiding the activities of organization members in an
appropriate direction. The appropriate direction could be any direction that
leads towards accomplishment of organizational goals. Leadership involves
activities such as influencing, motivating, considering groups and most
importantly communication.
Controlling
MEASURING PERFORMANCE:
Before managers can determine what must be done to make an organization
more effective and efficient, they must measure current organizational
performance. For LSM, engagement of all employees is important to ensure
that employees have a clear understanding of the values, goals and priorities
at LSM. This step is aimed at enabling managers at LSM to document what
objectives and priorities they achieved during a particular time period and
how they achieved them .This process also forms the basis of the next year
planning process as well as a tool for assessing the increments and
promotions to be given out.
HR department at LSM
The scope of HR in a company is vast. When a vacancy is created at LSM, the
human resource department has to take into consideration the strategic
goals of the business and then find out what are the core skills missing in the
department which the new employee must fulfill.
Then they prepare a job specification keeping in mind the minimum
requirements support the accomplishment of the essential function.
Then LSM develops a recruitment plan. This recruitment plan outlines the
strategy for attracting and hiring the best qualified candidates and ensures
that no discrimination will be done in the case of women or a person with
disabilities. Then LSM selects a search committee. LSM does not allow only
one person to decide whether a person should be appointed for the job or
not so that there is no bias. A member of the committee will be appointed as
the compliance liaison so that he can monitor the affirmative action aspects
of the search committee. The advertisement is then placed and candidates
start applying for the job. Candidates from both inside and outside the
company can apply.
The search committee of LSM then reviews and considers all applicants and
the process of short listing takes place. LSM then prepares for the interview.
After the interview the committee discusses the interviewee. Members of the
committee assess the extent to which the interviewee met the selection
criteria. The main objective during this process is that they choose the
candidate best suited for the job.
Upon completion of the recruitment process LSM sends the offer to the
finalist. The human resource department of LSM then determines the areas
where the selected candidate (employee) needs training. If needed LSM
human resource department design a training program for the new
employee and then the training of the new employee starts in form of
lectures or programmed learning. LSM provides its employees with on the job
training as well as off the job training. After the training season takes place
the HR management evaluates the effectiveness of the training program. If
the training program wasn't effective the company wasted the time and
money as during the training session the worker wasn't working which
decreases efficiency and money was also being wasted.
The HR department then evaluates the workers and give them appraisals
according to their performance
COMPETITION
As we know that LSM is a huge and famous textile company. If the company's
growth is high in the market it gets tougher competition.LSM has also got
many competitors or we can say industrial rivals like GUL AHMAD and SANA
SAFINAZ.
Gul Ahmed gives unbearable competition to LSM as it has many market
shares and the company is doing its best in the market. Gul Ahmed is not
just making clothes but it also has other products like shoes, bags, and home
accessories. Gul Ahmed is known as the name of innovation, reliability, and
quality. They have built trust on their consumers by offering them best
products in their range. For LSM Gul Ahmed is a big threat as it can take over
LSM any time -SS is the luxury brand of Pakistan. SS is the 2nd competitor of
LSM. Though it is not as huge company as LSM and Gul Ahmed but its
attracting designs and designs really gives a tough competition to LSM
CONCLUSION
Visiting LSM was truly a precious experience. We had analyzed all four
functions of management there and grasped their real concept being
practiced in a manufacturing firm. This also enlightened that how important
these functions are to a company and without them a business entity can
never achieve its organizational goals. LSMs management is stable and
focused towards achieving its organizational goals and due to their set
standards theyve maintained a better workplace environment within the
company. They keep their staff motivated and follow the functions properly;
this is the reason that LSM today is there at its peak where all the firms
desires to be.