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Warnock.
The Software industry encompasses all the activities and businesses involved with development, maintenance and distribution of computer software. It started its operation during mid-70's.
world.
Primarily concerned with the development of two types of software > Proprietary software > Open source software
Vision Statement: To revolutionize how the world engages with ideas and information.
Mission Statement: Adobe's mission is to be the premier provider of products and services in the information age for professional publishing solutions, business publishing solutions, document solutions, and digital imaging solutions in the company's addressed market segments while: achieving and maintaining an above-average return on investment for shareholders measured in terms of return on equity, earnings per share, revenue growth, and operating profit; maintaining or achieving the number one or two position in addressed market segments in terms of market share, customer satisfaction, revenue generation, product margin, product functionality, and technological leadership; treating all employees with respect and rewarding both group and individual performance that exceeds commitments and expectations; being a good corporate citizen in the local and national locations where the company produces, sells, and services its products.
Operates globally in about 47 countries. Each country is headed by the Vice President, Director or managing director depending on the requirements who will in turn report to the Chief
> Noida
> Bangalore
1.
2. SALES AND MARKETING DEPARTMENT Under takes the task of marketing, sales and distribution of their products. Online basis.
3. SUPPORT DEPARTMENT To support Engineering and the Sales & Marketing departments. Its functions are: > Acquisition and maintenance of the employees. > Acquiring of finance and ensuring the effective utilization. > Providing customer support post sales. Contains facilities and operations, finance, HR & IT support as its functions.
Deals with providing infrastructure facilities to the employees. Deals with the following activities: Facilities > Administration > Projects > Travel
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It includes > Recruitment > Training and development > Compensation > Grievances and redressal
FINANCE DEPARTMENT
Forecast the present as well as the future financial needs. Monitor the optimum utilisation of funds. Major financial operations carried over at the headquarters. Its operations are: > Financial planning analysis > Budgeting > Benefits to employees
IT SUPPORT
Comes into picture once a product is delivered to the customer. Attempt to help the user solve specific problems with a product. Support may be provided to customers over the telephone or online.
Problem statement Employee retention is one of the major problems faced by Adobe particularly amongst the employees in the Engineering Department. Reasons Better opportunities available for skilled and talented employees in other organizations. Dissatisfaction with the current salary. Dissatisfaction with the current position. Negative Impact Continuous process of hiring new employees because the current employees are retiring. Continuous expenditure on the training and development of its new employees.
Employee retention being one of the major problems faced by Adobe it is recommended that Adobe ensures the following practices that can be categorized in 3 levels: Low, medium and high level:
Hire the right people in the first place. Empower the employees: Give the employees the authority to get things done. Make employees realize that they are the most valuable asset of the organization. Have faith in them, trust them and respect them. Provide them information and knowledge. Keep providing them feedback on their performance. Recognize and appreciate their achievements. Keep their morale high. Create an environment where the employees want to work and have fun.
Strength > Widespread name recognition > Market leadership in graphic designing Weakness > Lack of proper marketing techniques > Upgradation of its products Opportunities > Serves the fastest growing industries > Specializes in graphic designing. Threat > Change > Competition.