The Chairman’s Trophy for Young Managers (CTYM) for 2014-15 has been bagged by the team from Bhilai Steel Plant (BSP) from among 67 teams from various SAIl plants and units. The Chairman's Trophy for Young Managers (CTYM) competition was introduced in 2004-05 to encourage Managerial Excellence among the young managers of Steel Authority of India limited (SAIl), a company Press release issued here on Wednesday stated.
The theme for this year’s competition was 'Achieving Global Competitiveness for SAIl: Issues & Challenges.” The CTYM presentations was organised at SAIl’s Management Training Institute (MTI), Ranchi. In the final round of competition at MTI-Ranchi on February 2, 2015, the winning position was bagged by the team from BSP comprising Prashant Jain, Deputy Manager (Projects), Sandeep Verma, Deputy Manager (I & A) and Anjali Sahu, Management Trainee (Technical).
Besides the Chairman’s Trophy and cash prize, the trio also won a three-day visit to an overseas steel plant. The team identified Issues and Challenges facing SAIl for achieving Global competitiveness and categorised them in five organisational factors viz. Agility, Profitability, Power marketing, Competitive Work Culture and Consistent Organic Growth and this solutions were engulfed into models as DeSIRe, lEAN, lINK, GROW and SHOW.
Finally, these models were hosted in a final solution model - “PentaGlobe Competitiveness Model for SAIl” The CTYM runners-up position was shared between Parichay Bhattacharjee, Prashant Kumar Singh and Sudeepto Sarkar from Bokaro Steel Plant. The panel of judges comprising of H. S. Pati, Director Personnel, SAIl, A. Maitra, CEO Bokaro Steel Plant and Dr. Chandra P. Shrimali, Director, Management Development Institute (MDI) Gurgaon assessed the teams in the final round of competition at MTI-Ranchi.
As an HRD intervention for young managers in SAIl, the CTYM has been designed in the form of a competition to bring out the best young employees by providing them a platform for self-development through reading and research and at the same time allowing them an opportunity to present their views before the top management of SAIl. This annual event in SAIl essentially envisages teams of two to three executives carrying out empirical research on a specific theme, preparing a write-up and presenting a paper before a panel of judges.