Mid Term Meet ::

It is essential not only to have the best systems and infrastructure, but also a skilled team possessing excellent cognitive ability as well as the ability to deliver. Paying heed to the demands of the organization, Torrent ensures that the senior executives get ample opportunities to carve out the strategy for the company. It is in this regard that it annually organizes the MID TERM MEET, an informal platform, for combining forces to come up with pragmatic solutions and strategies. An outbound program, held at the end of each year, this approach has ensured that the company is pro-active looking ahead at the preceding year, speculating the challenges it may face, doing the needful to avoid unforeseeable situation and crises. For the past three years the themes for the workshop have been chosen deftly, customizing the contents to yield the desired profitable outputs. The themes for the past three years have been 'Gearing Up For Tomorrow', 'Change Before You Have To' and 'Excellence in Execution'.

After deciding the theme, it is customized to make it relevant for the Company. This is followed by certain preparations prior to the actual workshop, including interviews of senior executive, curtain raiser to the meet to brief the participants and discussions with the coordinator.

'Change Before You Have to' ::

The mid term meet for the year 2001 was held at Mount Abu, in the first week of November. The theme of the workshop was based on the best selling biography of Jack Welsh, co-authored by Noel Tichy and Stratford Sherman titled 'Control Your Destiny or Someone Else Will'. The workshop was designed by Prof. S.Ramnarayan, a leading academic known for his specialization in Organizational Behavior and Development.

Each day, the activities were based on the three sub themes of Business, Team & organization and self.

The objective of the workshop :

• Correlate ideas with real life experiences
• Raise critical questions as individuals and leaders
• How to put Welch's ideas to practice in respective spheres of influence

The format of the workshop ensures wholehearted participation, as it consists of innovative pedagogical tools such as individual presentations, debates, group discussions, case studies etc.

The life and work of Jack W. Welch, the man who engineered the turnaround of GE, can be summed up in the six rules he followed:

• Control your destiny or someone else will
• Face reality as it is, not as it was or you wish it was
• Be candid with everyone
• Don't manage, lead
• Change before you have to
• If you don't have a competitive advantage, don't compete

'Excellence in Execution' :

The mid term meet for the year 2002 was held at Mount Abu, in the last week of December. The theme of the workshop was based on the concept of execution and related concepts. The workshop was designed by Prof. S.Ramnarayan, a leading academic known for his specialization in Organizational Behavior and Development.

Individual as well as group exercises illustrating effective execution or otherwise in terms of factors contributing to the same, mapping of the process was conducted.

During the workshop some of the concepts, which could facilitate effective execution, came to light :

• § Focus
• Ownership Building
• Strengthening Dialogues and Discussions at various levels
• Capability Building
• Creativity
• Orderliness
• Emotional Intelligence

The following were the highlights of the meet :

• § Presentations from the Group companies as to where they succeeded and where they failed, what impediments they faced and what are their learning.
• Films screening depicting latest perspectives on execution including emotional intelligence and the age-old consequences of trivial errors and repeated failure to attend to such mistakes.
• Games involving all participants to highlight the importance of group-work and bring home robust concepts that facilitate effective execution, particularly in Torrent's context.
• Experience sharing by esteemed Guest speakers who have handled successful projects/events.
• Capability building ideas in the light of challenges facing the Torrent Group.

The outcome provided the participants with a fair insight into the need and the systems for excellent execution and its significance in implementing strategy at all levels of the organization.