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As well as helping to design and develop the schemes, they also work with the employers to establish the company's needs.

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PROJECT REPORT ON Training and development in sona koyo steering systems limited ltd. Submitted to (CHAUDHRI TECHNICAL INSTITUTE, IMBA) A Case submitted in partial fulfillment for the award of the Degree of MASTER OF APPLIED MANAGEMENT Under Gujarat Technological University UNDER THE GUIDANCE OF Faculty Guide Prof. Amit Patel Submitted by ANJU KHADSE (13700585005) I.M.B.A– SEMESTER XI Gujarat Technological University Ahmedabad
PREFACE As we are very much interested in business, we chose the course of integrated MBA Program related with administration and management. It is a professional course rather than vocational and the profession requires the situational how it exists in practical. The Master in Applied Management Program is well structured five-year integrated Program organized by GTU (Gujarat Technological University) - Ahmadabad. The Gujarat Technological University prescribes “The major project by I.M.B.A students and then presents a report to them. The main objective of Project Report at I.M.B.A level is to make students aware about Industry, business as well as application of management concepts in practical words. And also to develop skill and knowledge in a student by supplement to the theoretical study of the business management in general. Only book knowledge and class-room discussion is not enough for management student. The I.M.B.A Program provides student with a fundamental functions and actives as well as an exposure to strategic thinking and management.
ACKNOWLEDGEMENT Every project is a master piece of hard work and sincere efforts of all those who are Involved in the project. Hard work and success are the two sides of the same coin. We are grateful to all of them who were a part of our hard work and definitely been inevitable part of our success. To make a project of this magnitude is impossible without a dedicated effort and perfect guidance. “” is one of the Project of I.M.B.A Program. We are much obliged to express our deep gratitude to all the personalities who give their co-operation and guidance for this project. This report is impossible without the cooperation of certain people. Let us first express more thankful to our Gujarat Technological University – Ahmadabad and CHAUDHRI TECHNICAL INSTITUTE (CTI) – Gandhinagar who have been providing us all academic. Any accomplishment requires the efforts of many people and this work is no different. With deep sense of gratitude and humble submission, we owe our heartfelt thanks to our guide and director of the I.M.B.A department Prof. Amit Patel for providing guidance and constructive suggestions and showing faith in our abilities.
As we conclude, we would like to a state that just as a positive attitude pays off; our hard efforts to bring this project to a successful end would also pay off. We hope that this project would be one of the most significant stepping-stones of our career and would fulfill our aspirations in every aspect. We thank all the respondents for showing co-operation with us
DECLARATION I Anju khadse, hereby declare that the project report entitled “Case study” on “Trainning & development in sona koyo steering systems limited ltd.” submitted in partial fulfillment of requirement for degree of Integrated Master of Business Administration to Chaudhary Technical Institute (CTI). Place: (Signature) (Name of Student) Date: (ANJU KHADSE)
INTRODUCTION
• Training & Development is any attempt to improve current or future employee performance by increasing an employee’s ability to perform through learning, usually by changing the employee’s attitude or increasing his or her skills and knowledge.” • The need for Training and Development is determined by the employee’s performance deficiency, computed as follows. • Training & Development Need = Standard Performance – Actual Performance • We can make a distinction among Training, Development and Education. • Sona has been started with 50 Lakhs investment • It was around 1985-1987. • Dr. Surinder Kapur
SONA SKILL DEVELOPMENT CENTRE
What are the Training Inputs?  Skills  Education  Development  Ethics  Problem Solving Skills  Decision Making  Attitudinal Changes Need of Training Individual level
 Diagnosis of present problems and future challenges  Improve individual performance or fix up performance deficiency  Improve skills or knowledge or any other problem  To anticipate future skill-needs and prepare employee to handle more challenging tasks  To prepare for possible job transfers Group level  To face any change in organization strategy at group levels  When new products and services are launched  To avoid scraps and accident rates Group Level Training Needs Identification 1. Organizational Goals and Objectives 2. Personnel / Skills Inventories 3. Organizational Climate Indices 4. Efficiency Indices 5. Exit Interviews 6. MBO / Work Planning Systems 7. Quality Circles 8. Customer Satisfaction Survey 9. Analysis of Current and Anticipated Changes
How To Make Training Effective? 1. Management Commitment 2. Training & Business Strategies Integration 3. Comprehensive and Systematic Approach 4. Continuous and Ongoing approach 5. Promoting Learning as Fundamental Value 6. Creations of effective training evaluation system
CURRENT TRENDS
Corporate Learning has now become one of the main business elements in organizations that want to focus on employee training. Over the years, corporate training has come far from classroom training. However, there still are a few aspects that need to be focused on to make it a universally adoptable and financially viable across geographies. In recent times, the eLearning industry has undergone rapid improvements owing to the changes in the organizations to match to the needs and expectations of the learners. Today’s learners have moved beyond just a passive learning experience. Learning needs to happen in a way that engages them and provides them easy access to information on the fly. Learners don’t just want to learn. They want to experiencelearning. While we speak of how there has been a paradigm shift in learning, let’s look at the changes 2017 has brought in the world of corporate eLearning. Here are a few ongoing trends in corporate learning that have caught the attention of eLearning industry experts this year:
1. Microlearning For those of you who are wondering—what is Microlearning, it is a short, focused learning chunk of information on topics that is designed to fulfill a specific learning objective. These modules are typically 3-5 minutes long. They could be shorter too, depending on your training objective. So, if we say that modules of about 10-15 minutes in length have a completion rate of 97% approximately, what would you extract from this fact? It is important to offer learning to millennials who have arguably shorter attention spans, especially as their counts go up in organizations. Well, with research facts like these, it is quite clear why microlearning is now becoming a buzzword in the industry.
2. App-based learning Mobile-based learning is now being widely used to deliver training to learners. Recent statistics on usage of mobile apps also reveal that app- based learning has gained popularity in most organizations as it enables employers to easily connect with their employees/learners to provide on- demand online training. Some of the proven benefits of app-based learning include effective implementation of microlearning, simulation and game-based learning, extensive control on tracking and learning management and, off-line performance support applications anywhere and anytime. Hence, with a shrinking attention span of millennials, and a growing workforce (particularly millennials) in organizations, app-based learning is a trend to look forward to for on-the-go training in corporate organizations. 3. Mobile Learning It goes without saying that we want everything “on the go”. With an increasing number of mobile users across the globe, delivering their training to them on their devices, in addition to tablets and computers, is a continuous rising need. Making your training available on mobile phones makes it accessible to about 70% of learners! That’s a huge number, and we only see that going up. That’s one of the reasons why mobile learning will continue to
grab the attention of learners in 2017. With more content going online, learners can access information across different devices based on their location or needs. 4. Video Learning 2017 is also the time to incorporate video learning in your training courses! If it still does not convince you, think about the popularity YouTube has gained in recent years. The fact that our human brain processes videos about 60,000 times faster than text, there’s no doubt why we frequently reach out to training channels on YouTube to fill a knowledge gap! Popular Read: 7 SEO Trends that will Shape Internet Marketing in 2017 A recent study revealed that courses with videos have a 51% completion rate while those without videos have as low as 36%! So, want to make your courses more engaging and interactive for your learners? Integrate video learning! 5. Social Learning
Social learning is not a newly introduced concept in learning, but it is certainly on the rise. This is because in most organizations, social learning or informal learning takes place through eLearning. This occurs based on the fact that not all individuals are solitary learners, and this is where informal learning or social learning comes into play. Collaborating and connecting with others who are taking the course benefits them while they interact. Training companies have taken to integrating blogs, LinkedIn courses, and social media pages into their current training programs to ensure learners benefit more from these courses. Social learning may also include social polling where learners are encouraged to give their opinions and rate something such as a video, and later reveal what everybody else thinks about the video. This way, learners also explore the grey spaces that remained untouched by eLearning in the past instead of just focusing on the black and white spaces. The 70:20:10 model talks about 70 being on-the job training, 20 being learning from peers and 10 being formal learning. This 20peer learning is actually in part largely from social learning whether they are within the organization or outside. Now this may be done via social learning on corporate social and collaboration tools or externally on social media networks like LinkedIn, even Facebook. Hence, social learning is a trend to watch and adopt in today’s corporate learning courses.
6. Gamification So why is gamification here to stay in the list of trends for 2017? Well, that’s because its primary benefit is motivation. Offering incentives, certificates or badges upon completion of courses, encourages learners to complete their courses in a competitive manner. In addition to this, point systems, leader boards, and timed challenges/quizzes are a few ways gamification can play an important role in your training strategy. Although Gartner had predicted that by 2015, 40% of the world’s 1000 biggest companies would implement gamification in their training modules, gamification has still not gained that level of popularity or preference. Thus, 2017 could be the year to fetch some real traction towards gamification! 7. Adaptive Learning Since the advent of the eLearning industry, there has been a constant growth in terms of its efficiency and effectiveness over the years. However, what was developed back in the late 20th century as static eLearning is now a concept that is outdated, and hardly has any impact on its audience. As the term suggests, adaptive learning is about customizing learning to the needs of the learners.
Popular Read: Gaadizo - A Startup Building A Stop Solution for Vehicle Repairs Adaptive learning programs are so much more than static learning. These programs focus on learner requirements and their current understanding of the matter. This helps them progress at a faster pace in the subjects that they are familiar with. Thus, adaptive learning has been of great importance for mobilizing eLearning to its full potential as it pays attention to the points of interest of learners through a more personalized training. While developing a course, it is understood that no two learners are the same and hence, with adaptive learning, learners can learn at their own pace. It accelerates the learning along with reducing the cost of content delivery. This has made vendors optimize their resources to deliver maximum value to their clients. Adaptive learning works both ways in corporate training. Low and average performers can utilize it to improve their performance with time, while high performers can quickly sharpen their skills with it. 8. Augmented Reality
Augmented realty is yet to be implemented on a large scale. Hence, it remains to be seen how widespread augmented reality will be used in the eLearning industry. However, industries with high-risk occupations will be seen utilizing augmented reality to its best potential in the coming time. These could be surgeons who can use technologies like Google Glass and Oculus Rift to polish their skills, without risking the lives of their patients. Virtual reality has the potential to change the overall landscape of the eLearning industry via the immersive experience it provides to the learners. Complex subjects can be recreated in a life-like environment to explain it in an elaborate manner. Consider an example where a real-life case study based on leadership is created in VR and you can play a role from one of the various characters available. This will help you learn leadership lessons. Such VR case studies do not require physical presence of the learners and hence, can be accessed from any part of the globe. With minimal requirements of a fast internet connection, a computer or mobile device, and a compatible 3D headset for VR, these can help learners with advance eLearning solutions. Undoubtedly, this technique can prove to be the most powerful of them all if it is implemented effectively in the time to come. A strong component of your learning and development strategies in the very near future!
Conclusion Innovations and experiments in the industry are responsible for the trends that emerge over time. With new methods coming up through advancement in technologies and consistent efforts towards making learning easy, engaging, and accessible to learners, these trends will gain popularity based on their efficacy. As an industry professional, you must pay attention to newer techniques being implemented and development in training on a regular basis. Thoughtfully drafted strategies can then be laid out based on these for business growth. You can follow the above mentioned trends in 2017 to keep up with the industry and plan your strategy to suit your business requirements. http://www.iamwire.com/2017/06/8-corporate-learning-trends-in- 2017/153875

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Part 2

  • 1. PROJECT REPORT ON Training and development in sona koyo steering systems limited ltd. Submitted to (CHAUDHRI TECHNICAL INSTITUTE, IMBA) A Case submitted in partial fulfillment for the award of the Degree of MASTER OF APPLIED MANAGEMENT Under Gujarat Technological University UNDER THE GUIDANCE OF Faculty Guide Prof. Amit Patel Submitted by ANJU KHADSE (13700585005) I.M.B.A– SEMESTER XI Gujarat Technological University Ahmedabad
  • 2. PREFACE As we are very much interested in business, we chose the course of integrated MBA Program related with administration and management. It is a professional course rather than vocational and the profession requires the situational how it exists in practical. The Master in Applied Management Program is well structured five-year integrated Program organized by GTU (Gujarat Technological University) - Ahmadabad. The Gujarat Technological University prescribes “The major project by I.M.B.A students and then presents a report to them. The main objective of Project Report at I.M.B.A level is to make students aware about Industry, business as well as application of management concepts in practical words. And also to develop skill and knowledge in a student by supplement to the theoretical study of the business management in general. Only book knowledge and class-room discussion is not enough for management student. The I.M.B.A Program provides student with a fundamental functions and actives as well as an exposure to strategic thinking and management.
  • 3. ACKNOWLEDGEMENT Every project is a master piece of hard work and sincere efforts of all those who are Involved in the project. Hard work and success are the two sides of the same coin. We are grateful to all of them who were a part of our hard work and definitely been inevitable part of our success. To make a project of this magnitude is impossible without a dedicated effort and perfect guidance. “” is one of the Project of I.M.B.A Program. We are much obliged to express our deep gratitude to all the personalities who give their co-operation and guidance for this project. This report is impossible without the cooperation of certain people. Let us first express more thankful to our Gujarat Technological University – Ahmadabad and CHAUDHRI TECHNICAL INSTITUTE (CTI) – Gandhinagar who have been providing us all academic. Any accomplishment requires the efforts of many people and this work is no different. With deep sense of gratitude and humble submission, we owe our heartfelt thanks to our guide and director of the I.M.B.A department Prof. Amit Patel for providing guidance and constructive suggestions and showing faith in our abilities.
  • 4. As we conclude, we would like to a state that just as a positive attitude pays off; our hard efforts to bring this project to a successful end would also pay off. We hope that this project would be one of the most significant stepping-stones of our career and would fulfill our aspirations in every aspect. We thank all the respondents for showing co-operation with us
  • 5. DECLARATION I Anju khadse, hereby declare that the project report entitled “Case study” on “Trainning & development in sona koyo steering systems limited ltd.” submitted in partial fulfillment of requirement for degree of Integrated Master of Business Administration to Chaudhary Technical Institute (CTI). Place: (Signature) (Name of Student) Date: (ANJU KHADSE)
  • 7. • Training & Development is any attempt to improve current or future employee performance by increasing an employee’s ability to perform through learning, usually by changing the employee’s attitude or increasing his or her skills and knowledge.” • The need for Training and Development is determined by the employee’s performance deficiency, computed as follows. • Training & Development Need = Standard Performance – Actual Performance • We can make a distinction among Training, Development and Education. • Sona has been started with 50 Lakhs investment • It was around 1985-1987. • Dr. Surinder Kapur
  • 9. What are the Training Inputs?  Skills  Education  Development  Ethics  Problem Solving Skills  Decision Making  Attitudinal Changes Need of Training Individual level
  • 10.  Diagnosis of present problems and future challenges  Improve individual performance or fix up performance deficiency  Improve skills or knowledge or any other problem  To anticipate future skill-needs and prepare employee to handle more challenging tasks  To prepare for possible job transfers Group level  To face any change in organization strategy at group levels  When new products and services are launched  To avoid scraps and accident rates Group Level Training Needs Identification 1. Organizational Goals and Objectives 2. Personnel / Skills Inventories 3. Organizational Climate Indices 4. Efficiency Indices 5. Exit Interviews 6. MBO / Work Planning Systems 7. Quality Circles 8. Customer Satisfaction Survey 9. Analysis of Current and Anticipated Changes
  • 11. How To Make Training Effective? 1. Management Commitment 2. Training & Business Strategies Integration 3. Comprehensive and Systematic Approach 4. Continuous and Ongoing approach 5. Promoting Learning as Fundamental Value 6. Creations of effective training evaluation system
  • 13. Corporate Learning has now become one of the main business elements in organizations that want to focus on employee training. Over the years, corporate training has come far from classroom training. However, there still are a few aspects that need to be focused on to make it a universally adoptable and financially viable across geographies. In recent times, the eLearning industry has undergone rapid improvements owing to the changes in the organizations to match to the needs and expectations of the learners. Today’s learners have moved beyond just a passive learning experience. Learning needs to happen in a way that engages them and provides them easy access to information on the fly. Learners don’t just want to learn. They want to experiencelearning. While we speak of how there has been a paradigm shift in learning, let’s look at the changes 2017 has brought in the world of corporate eLearning. Here are a few ongoing trends in corporate learning that have caught the attention of eLearning industry experts this year:
  • 14. 1. Microlearning For those of you who are wondering—what is Microlearning, it is a short, focused learning chunk of information on topics that is designed to fulfill a specific learning objective. These modules are typically 3-5 minutes long. They could be shorter too, depending on your training objective. So, if we say that modules of about 10-15 minutes in length have a completion rate of 97% approximately, what would you extract from this fact? It is important to offer learning to millennials who have arguably shorter attention spans, especially as their counts go up in organizations. Well, with research facts like these, it is quite clear why microlearning is now becoming a buzzword in the industry.
  • 15. 2. App-based learning Mobile-based learning is now being widely used to deliver training to learners. Recent statistics on usage of mobile apps also reveal that app- based learning has gained popularity in most organizations as it enables employers to easily connect with their employees/learners to provide on- demand online training. Some of the proven benefits of app-based learning include effective implementation of microlearning, simulation and game-based learning, extensive control on tracking and learning management and, off-line performance support applications anywhere and anytime. Hence, with a shrinking attention span of millennials, and a growing workforce (particularly millennials) in organizations, app-based learning is a trend to look forward to for on-the-go training in corporate organizations. 3. Mobile Learning It goes without saying that we want everything “on the go”. With an increasing number of mobile users across the globe, delivering their training to them on their devices, in addition to tablets and computers, is a continuous rising need. Making your training available on mobile phones makes it accessible to about 70% of learners! That’s a huge number, and we only see that going up. That’s one of the reasons why mobile learning will continue to
  • 16. grab the attention of learners in 2017. With more content going online, learners can access information across different devices based on their location or needs. 4. Video Learning 2017 is also the time to incorporate video learning in your training courses! If it still does not convince you, think about the popularity YouTube has gained in recent years. The fact that our human brain processes videos about 60,000 times faster than text, there’s no doubt why we frequently reach out to training channels on YouTube to fill a knowledge gap! Popular Read: 7 SEO Trends that will Shape Internet Marketing in 2017 A recent study revealed that courses with videos have a 51% completion rate while those without videos have as low as 36%! So, want to make your courses more engaging and interactive for your learners? Integrate video learning! 5. Social Learning
  • 17. Social learning is not a newly introduced concept in learning, but it is certainly on the rise. This is because in most organizations, social learning or informal learning takes place through eLearning. This occurs based on the fact that not all individuals are solitary learners, and this is where informal learning or social learning comes into play. Collaborating and connecting with others who are taking the course benefits them while they interact. Training companies have taken to integrating blogs, LinkedIn courses, and social media pages into their current training programs to ensure learners benefit more from these courses. Social learning may also include social polling where learners are encouraged to give their opinions and rate something such as a video, and later reveal what everybody else thinks about the video. This way, learners also explore the grey spaces that remained untouched by eLearning in the past instead of just focusing on the black and white spaces. The 70:20:10 model talks about 70 being on-the job training, 20 being learning from peers and 10 being formal learning. This 20peer learning is actually in part largely from social learning whether they are within the organization or outside. Now this may be done via social learning on corporate social and collaboration tools or externally on social media networks like LinkedIn, even Facebook. Hence, social learning is a trend to watch and adopt in today’s corporate learning courses.
  • 18. 6. Gamification So why is gamification here to stay in the list of trends for 2017? Well, that’s because its primary benefit is motivation. Offering incentives, certificates or badges upon completion of courses, encourages learners to complete their courses in a competitive manner. In addition to this, point systems, leader boards, and timed challenges/quizzes are a few ways gamification can play an important role in your training strategy. Although Gartner had predicted that by 2015, 40% of the world’s 1000 biggest companies would implement gamification in their training modules, gamification has still not gained that level of popularity or preference. Thus, 2017 could be the year to fetch some real traction towards gamification! 7. Adaptive Learning Since the advent of the eLearning industry, there has been a constant growth in terms of its efficiency and effectiveness over the years. However, what was developed back in the late 20th century as static eLearning is now a concept that is outdated, and hardly has any impact on its audience. As the term suggests, adaptive learning is about customizing learning to the needs of the learners.
  • 19. Popular Read: Gaadizo - A Startup Building A Stop Solution for Vehicle Repairs Adaptive learning programs are so much more than static learning. These programs focus on learner requirements and their current understanding of the matter. This helps them progress at a faster pace in the subjects that they are familiar with. Thus, adaptive learning has been of great importance for mobilizing eLearning to its full potential as it pays attention to the points of interest of learners through a more personalized training. While developing a course, it is understood that no two learners are the same and hence, with adaptive learning, learners can learn at their own pace. It accelerates the learning along with reducing the cost of content delivery. This has made vendors optimize their resources to deliver maximum value to their clients. Adaptive learning works both ways in corporate training. Low and average performers can utilize it to improve their performance with time, while high performers can quickly sharpen their skills with it. 8. Augmented Reality
  • 20. Augmented realty is yet to be implemented on a large scale. Hence, it remains to be seen how widespread augmented reality will be used in the eLearning industry. However, industries with high-risk occupations will be seen utilizing augmented reality to its best potential in the coming time. These could be surgeons who can use technologies like Google Glass and Oculus Rift to polish their skills, without risking the lives of their patients. Virtual reality has the potential to change the overall landscape of the eLearning industry via the immersive experience it provides to the learners. Complex subjects can be recreated in a life-like environment to explain it in an elaborate manner. Consider an example where a real-life case study based on leadership is created in VR and you can play a role from one of the various characters available. This will help you learn leadership lessons. Such VR case studies do not require physical presence of the learners and hence, can be accessed from any part of the globe. With minimal requirements of a fast internet connection, a computer or mobile device, and a compatible 3D headset for VR, these can help learners with advance eLearning solutions. Undoubtedly, this technique can prove to be the most powerful of them all if it is implemented effectively in the time to come. A strong component of your learning and development strategies in the very near future!
  • 21. Conclusion Innovations and experiments in the industry are responsible for the trends that emerge over time. With new methods coming up through advancement in technologies and consistent efforts towards making learning easy, engaging, and accessible to learners, these trends will gain popularity based on their efficacy. As an industry professional, you must pay attention to newer techniques being implemented and development in training on a regular basis. Thoughtfully drafted strategies can then be laid out based on these for business growth. You can follow the above mentioned trends in 2017 to keep up with the industry and plan your strategy to suit your business requirements. http://www.iamwire.com/2017/06/8-corporate-learning-trends-in- 2017/153875