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| Purpose
of BUSINESS is CREATION OF WEALTH (FOR THE NATION) |
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The basic
purpose of any business is to create wealth. If the business
does not create wealth it cannot survive, rather it has no
right to survive. A wealth creating business is an asset of
the nation. A business should retain maximum portion of the
wealth created to achieve sustained growth. Growth is Life;
stagnation is Death- Swami Vivekananda has said. This requires
lot of sacrifice on the part of management and renunciation of
ownership mentality. Trusteeship - concept work well when the
belief is making a business asset of the nation. Polyhydron
shares the Net wealth created- 30% with employees, 5% with
shareholders, 1% with the community and balance remains with
the company for growth. |
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Business & Ethics are A Perfect Match
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Polyhydron's
Mission Statement states, "We will nurture an ethically
managed organization, we will not exploit our customers,
employees, suppliers, government, society and nature".
Polyhydron states, "Honesty is not the Best Policy---- It
is The Policy". We have declared, that we are Honest,
Transparent and we do not pay Bribes. Business and Ethics-
people say they are oxymoron. An ethical business ensures
sound growth and the growth is sustainable.
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| Excellence
& Spirituality are RELATED |
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An individual, A Society, A
Nation, A Civilization cannot exists peacefully without
Spirituality. Same is the case with any organization,
business. Polyhydron believes that Spiritually has to be an
integral part of Organizational Culture. When people work at
places of worship or charity, we find them working Selflessly
and at Near Excellence. Our Indian Work Culture is practicing
Karma-Yoga.
Western Efficiency and
Dynamism combined with Indian Spiritual Values will create the
Best Management System in the world.
- Swami Vivekananda
(1894)
Why Spiritualize the
Workplace?
- Recognizing Divinity
(Spirit) in all beings will make us a Complete Human.
(Body-Mind-Intellect-Spirit)
- Spiritualizing Economics
will reduce Friction.
- Making the Spirit (Divine)
work will brings Conviction and Consistency in all
operations, acts & decisions.
- Spiritual Leadership &
Realized set of Workers (Followers) will lead the
organization towards World Class Excellence.
- Will ensure Survival,
Growth & Prosperity in these never before difficult
times.
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| Every
Customer is a “GOOD PAYMASTER” |
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Provided you
do not extend open credit (Payable when able) facility. We at
Polyhydron do not extend credit facility (expect 4 OEM
customers). The OEM customers are strictly monitored for
outstanding dues. Effect of No Credit Policy: Polyhydron makes
sure that the profit earned is in our pocket and we never run
short of cash, inspite of not borrowing money for term loan
and as well as cash credit. |
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| Every
Government Officer is HONEST |
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We have
declared at the entrance of the factory "We do not pay
bribe". We have no right to call an officer or any body
for that matter as CORRUPT if we are not going to pay bribe.
It is possible to be out of corruption provided you are
committed for clean business and are not in a hurry and you do
not have the policy of "At any cost". We meet many
honest officers in the course of our business. We make the
officer (Government or Non Government) in advance, that we are
not going to pay bribe. Sometimes we say it very loudly. |
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| Profit
includes INCOME TAX |
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We
collect many taxes (Excise, Ed. Cess, VAT, Service Tax, etc.)
from customers and pay to government. We forget that the
income tax is also collected from customers. We feel bad while
paying income tax. We plan for reduction / saving / evasion of
income tax. A fruit has one eatable portion and the other not
eatable, if we try to eat both we will have indigestion. Same
is the case with Income Tax. |
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| Management
system makes money Products don’t |
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Product
is only a means to create wealth. Management system is like a
garland, each flower is a function and thread is the system.
When all the function are efficient the system becomes
efficient. Value for money (Cost x Quality x Delivery x
Service) decides customer satisfaction. Systems like JIT,
Kanban, MIS, TQM, TPM, Employee Empowerment, Kaizen etc help
the management in the process of generating wealth. |
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| Employees
should earn wages Not be paid |
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A
transparent system of wealth generation and a link of
compensation to employees ensures that the employees earn
their wages and need not be paid. This system makes the
employees responsible for their returns and in turn improves
wealth generated per employee. It promotes multiple skill,
reduces total manpower requirement. Polyhydron has established
wealth-sharing scheme. It ensures 30% of the wealth generated
gets distributed (100% Bonus is the limit.) |
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| Corruption
adds Cost & reduces Quality |
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People feel corruption is cost
of nuisance and also a short cut to get things done.
A corrupt system kills the
growth of an Organization, Nation.
Corruption kills creativity,
teamwork and promotes non-transparency. |
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| Suppliers,
Society & Nature are not Cows to be Milked |
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Generally
suppliers are exploited and society and nature are never cared
for. Corporate social responsibility (CSR) makes the
organization fulfill its social obligation. |
