By: M.S.Yatnatti: Editor and Video Journalist Bengaluru: Bosch has always been a fair employer and offers its associates a world-class working environment; at the same time is also firm and committed on matters related to business policies and discipline. The company, therefore, would reassure all its stake holders that it stands for its values, legality and governance at all times and under all circumstances.
About BoschThe Bosch Group is a leading global supplier of technology and services. The company employs roughly 360,000 associates worldwide (as per April 1, 2015), and generated sales of 49 billion euros in 2014.* Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. The Bosch Group comprises Robert Bosch GmbH and its roughly 440 subsidiary and regional companies in some 60 countries. Including its sales and service partners, Bosch is represented in roughly 150 countries. This worldwide development, manufacturing, and sales network is the foundation for further growth. In 2014, Bosch applied for some 4,600 patents worldwide. The Bosch Group's strategic objective is to create solutions for a connected life. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is "Invented for life.
”The company was set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as "Workshop for Precision Mechanics and Electrical Engineering.” The special ownership structure of Robert Bosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possible for the company to plan over the long term and to undertake significant up-front investments in the safeguarding of its future. Ninety-two percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a charitable foundation. The majority of voting rights are held by Robert Bosch Industrietreuhand KG, an industrial trust. The entrepreneurial ownership functions are carried out by the trust. The remaining shares are held by the Bosch family and by Robert Bosch GmbH.
About Bosch in India: In India, Bosch is a leading supplier of technology and services in the areas of Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. Additionally, Bosch has in India the largest development center outside Germany, for end to end engineering and technology solutions. The Bosch Group operates in India through nine companies, viz, Bosch Ltd., Bosch Chassis Systems India Ltd., Bosch Rexroth India Ltd., Robert Bosch Engineering and Business Solutions Pvt. Ltd., Bosch Automotive Electronics India Pvt. Ltd., Bosch Electrical Drives India Pvt. Ltd., BSH Home Appliances Pvt. Ltd., ETAS Automotive India Pvt. Ltd., and Robert Bosch Automotive Steering India Pvt. Ltd. In India, Bosch set up its manufacturing operation in 1953, which has grown over the years to include 14 manufacturing sites, and seven development and application centers. Bosch Group in India employs over 29,000 associates and generated consolidated revenue of about ₨.15,250 crores* in 2014 of which ₨. 10,800 crores* from third party. The Group in India has close to 12,000 research and development associates and has filed for around 150 patents in 2014. About Bosch in India.In India, Bosch Limited is the flagship company of the Bosch Group. It earned revenue of over ₨. 9,570 crores in 2014. Additional information is available online at www.bosch.comwww.bosch-press.comtwitter.com/BoschPresse
Prime Minister Narendra Modi and the Chancellor of Federal Republic of Germany Angela Merkel recently visited vocational training centre at Bosch in Bengaluru. Both the leaders got a first hand information on how Bosch trains youth on several trades.At Bosch, which has been present in Bengaluru since 1953 and operating its vocational training centre since 1961, both Modi and Merkel went around the training and R&D facilities and got a taste of the training modules of Bosch. They also found out about the company's research, engineering, and vocational education activities in India.
"Our commitment to developing talent and the competence of our local engineers are part of our success story in India,” according to reports said Peter Tyroller, member of the Bosch board of management responsible for Asia Pacific.He said Indian engineers have contributed signficantly to the success of Bosch in India. "India is a key location in our global innovation network. To further strengthen our presence in India, we are investing Rs 650 crore in 2015,” Tyroller said.The NDA government headed by Narendra Modi has been promoting Skill India to train youth and make them job ready. "For the last 55 years, we at Bosch are conducting vocational training to youth who want to pursue their careers in manufacturing sector. We give them hands on training for three to four years and after that they will be either absorbed in Bosch factories, or they can get a job elsewhere,” a Bosch executive told the FE, prior to the visit of Modi and Merkel.
Before arriving at the vocational training centre of Bosch, both the heads of state visited another facility of Bosch, where the company operates a software development centre. There, the company gave a presentation on Industry 4.0, a new wave of industrialisation propagated by Bosch. The company reportedly also made a presentation on data analysis and data mining that helps in real-time prediction of accidents on roads.
At Bosch, the two leaders toured the company's RBEI (Bosch Engineering and Business Solutions) and Bosch Vocational Centre (BVC) facility, located separately inside the city. The BVC, which was set up in 1961, has trained over 2,500 apprentices in nine trades and is recognized by the government's National Council for Vocational Training.
Both the leaders were also given a presentation on another innovation developed by the Bengaluru-based development centre of Bosch, which is a compact retina camera. Its special software can detect medical conditions such as cataracts at an early stage. This diagnostic tool was specifically designed to meet the needs of the Indian market, but can equally be used in other, similar regions."By 2018, we aim to implement connected production in all our 14 manufacturing facilities across the country,” said Steffen Berns, Managing Director, Bosch India. He said Industry 4.0 is already a reality at several Bosch locations in India. In Bengaluru, the company uses real-time data to shorten throughput times for the calibration of pumps for tractors. The location also provides associates with smart watches that promptly notify them of a machine malfunction.
Reportedly "By 2018, we aim to implement connected production in all our 14 manufacturing locations across the country," Stephen Berns, president, Bosch Group in India, said. In Bengaluru, the company uses real-time data to shorten throughput times for the calibration of pumps for tractors. The location also provides associates with smart watches that promptly notify them of a machine malfunction. Big data analytics estimates the probability of injury severity based on real-time vehicle, accident, and environment information. This information can be used by emergency service providers to prioritize the type of ambulance service needed to reach an accident location. Compact retina camera's special software can detect medical conditions such as cataracts at an early stage.
Bosch's largest development centre outside Germany is located in Bengaluru and Coimbatore and has employed over 12,000 research and development associates. Since 2014, the Bengaluru centre is focusing on big data analytics - an important enabler for connected manufacturing. Another application of data analytics is "e-call modeling”. This estimates the probability of injury severity based on real-time vehicle, accident, and environment information.Bosch's vocational training module has now been adopted by the governments of Karnataka, Maharashtra and Rajasthan at their respective ITI and Diploma colleges over the last one year. The company has signed MoUs with these governments for deploying their methods and it is also in talks with other state governments for similar programmes, a company official elaborated.
The business of business: is business: The secret of the modern company's success is precisely depends on an open-ended organization.Company's formation and purpose is to engage in business.Open-endedness reflects the realities of corporate life: far from being slaves to the share price, as progressives imagine, most companies are engaged in a constant process of negotiation between managers and investors over their strategy and time horizons. Mature companies such as Shell, Intel and Nestlé often invest for the long term without a squeak from fund managers. New-economy companies such as Google, Facebook and, particularly, Amazon have had no difficulty in persuading investors to sacrifice short-term returns (and indeed any control whatsoever) in return for long-term rewards.