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Copy of Tata Steel Case Study

Our Presentation Includes :- Vision and Mission , External and Internal Analysis , Strategy followed by the company , Your analysis of the strategy , group's recommendation.
by

Ashish Anshu

on 16 May 2017

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Transcript of Copy of Tata Steel Case Study


Tata Steel Limited ( formerly known as TISCO) is an Indian multinational steel-making company headquartered in Mumbai, Maharashtra, India, and a subsidiary of the Tata Group.
Corporate Level Strategy
"Tata steel strategy is Wealth creation, Create a culture of continuous learning and change, achieve world-class status in services and products,reach the position of the most cost-competitive steel producer ,establish industry leadership"
Business Level Strategy
Tata Steel follows an Integrated cost/Differentiation strategy
Creating long-term value- Moving up the value chain-
TATA Steelium
Kar Vijay Har Shikhar
– Continuous improvement programme, it is a fast paced, analytics based process with in-built rigour and review systems

It achieves this by:-
Having complete control over the supply chain and efficiently managing it
Economies of Scale

Differentiation:-
Increasing the no of Custom products: Increase in the proportion of custom products to standard products by 20% in 2 years
Investing In R&D to provide unique products
Analysis
Parent Company:
PEST Analysis
Analysis of the strategy
Tata steel strategy is a sound one looking to position the company as a Global Steel Industry Leader and mitigate present and future challenges

It is targeting Wide variety of customers from different segments

Efficiently utilizing the synergies between various divisions of the company

Pursuing a differentiation strategy by investing heavily in R&D and innovating continuously

It has acquired Control over raw materials to maintain cost-leadership and insulate itself from price fluctuations
Group's Recommendations
Acquisition of more mines to safeguard against future demands for raw materials

Expand operations in potential markets like the American Continent to further increase revenue and profitability

Special focus on the European Markets as it is the one where there is a need to restructuring in operations to remain competitive and also the current economic and political factors are grim that may require rapid response to safeguard the company Interests
Vision
We aspire to be the global steel industry benchmark for Value Creation and Corporate Citizenship
Values
Mission
Consistent with the vision and values of the founder Jamsetji Tata, Tata Steel strives to strengthen India’s industrial base through the
effective utilization of staff and materials.


The means envisaged to achieve this are
high technology
and
productivity,
consistent with
modern management practices.

Tata Steel recognizes that while honesty and integrity are the essential ingredients of a strong and stable enterprise, profitability provides the main spark for economic activity.

Overall, the Company seeks to scale the heights of excellence in all that it does in an atmosphere free from fear, and thereby reaffirms its faith in democratic values.
STP
Key Players
Arcelor Mittal(Global)
BaoSteel(China)
POSCO(South Korea)
JFE Holdings(Japan)

Local Players in India
SAIL
JSW Steel

SWOT Analysis
Political
Tata steel has committed a huge investment in unstable countries like Thailand Bangladesh and Iran etc .

Allowing FDI

Anti dumping duties on foreign steel products in India

Five year strategy plan implementation by Ministry of Steel

Customs Policy
Environment Laws
Economic
Social
Increasing in Quality consciousness over steel in population

Increase in Disposable income of the people

Tata steel has been awarded Golden Peacock Award in 2009 for Corporate social Responsibility

CSR is an integral component of Tata Steel's business strategy, and constitutes one of the company's key enterprise process

Tata Steel aims is to create a favorable social environment.
Implementation
Diversification into Global Markets

Forward, backward and horizontal Integration
Ashish Kumar Anshu (PGP14013)
Deepika Sood (PGP14016)
Himanshu Agarwal (PGP14022)
Palash Palod (PGP14035)
Siddhant Singh (PGP14046)
Quality Mission 2016
We aspire to be the most trusted and preferred domestic supplier of value added steel with world class quality of products and services.

http://www.tatasteelindia.com/corporate/vision-and-strategy.asp

http://www.tatasteel.com/corporate/innovation.asp

http://www.tatasteel.com/investors/annual-report-2012-13/html/mda8.html

http://www.tatasteel.com/investors/annual-report-2012-13/html/perform.html

http://www.tatasteel.com/investors/annual-report-2012-13/html/strat_obj.html

http://www.tatasteel.com/investors/annual-report-2012-13/html/outlook.html

http://www.tatasteel.com/investors/performance/key-facts.asp

http://www.ukessays.com/essays/marketing/market-strategy-and-analysis-for-tata-steel-group-
marketing-essay.php

http://www.scribd.com/doc/34826003/Applying-Management-Strategy-Concepts-SFI-on-Tata-
Steel-Company-Tata-Group

http://www.dnaindia.com/money/report-to-beat-gloom-tata-steel-europe-to-double-custom-
products-1839907

http://www.tatasteel.com/investors/annual-report-2012-13/html/org_overview2.html

http://www.ukessays.com/essays/business/tata-steel.php
We act professionally. We set challenging goals, encouraging innovation and speed. We get it right first time. We share, learn and improve continuously.
Excellence
Tata lives and Work by :
Understanding
We grow our knowledge and gain customer intimacy by understanding their business. We are led by facts and measure what we do.
Responsibility
We show personal leadership in health and safety. We act responsibly towards the environment and community. We demonstrate commitment and ownership. We act decisively, empower and lead change.
Integrity
We role model the Tata Values and debate openly and transparently, building trust and earning respect. We act ethically.
Unity
We create the greatest value when we work together in the interests of our customers. We take a ‘one company’ approach. We value diversity and gain strength from our blend of functions, nationalities and skills.
Strengths
1. Self sufficient in raw materials currently producing over 14 million tonnes of ore from its mines and captive collieries
2. Adaptability of company in the fast changing environment
3. Excellent integration with Corus which has more than 2000 metallurgists
4. Economies of scale
6. Strong backing of Tata brand name
7. Operations in 26 countries and a commercial presence in over 50 countries
Weakness
1. Operational efficiency are not as good as international leaders
2. Slightly lagging in technological front
3.High Debt ratio which needs to be addressed
Opportunity
Threats
1. Rising coking coal prices
2. India is plagued with violent agitation against land acquisition
3. Government & regulatory norms
4. International competition
5.Investments in countries which currently dont have or there is a possibility of Political Unstability
1. Newer technologies available
2.Lot of untapped potential in India
3. Acquisition of coal blocks in Asia, Africa etc.

Category:
Sector:
Tagline/ Slogan:
USP:
Tata Group
Iron & steel
Industrial products
Values stronger than steel
The top ten global steel companies with an annual crude steel capacity of over 28 million tonnes per annum
Segment
Strip & long Steel products, Iron ore mining, Agricultural implements
Target Group
Construction, automotive infrastructure, capital goods
Positioning
The global steel industry benchmark for value creation and corporate citizenship

Technological
Increasing Government spending on technology

Speed of "Technology transfer" and adaptation also affects the performance of TATA steel
Steel Industry is highly cyclical

Euro Crisis affecting european operations

Depreciation in Rupee

Slowdown in chinese economy can boost Tata steel

Current adverse Conditions in Indian Economy may affect Tata steel

References

Resources and Capabilities
Capabilities
Low cost Manufacturing
Experienced Management Team
Innovation Capability
Response to Feedback from Customers

Core Competencies:
Low cost Manufacturing
Innovation Capability
Tangible:
Financial Resource
Physical Resource
Technological Resource

Intangible:
Reputation as a resource
Research and Development
Organizational Culture
Human Resource
Introduction
Tata Steel, formerly known as TISCO Tata Iron and Steel Company Limited , is the world's tenth largest steel company with an annual crude steel capacity of over 29 MTPA.
It is the second largest private sector steel company in India in terms of domestic production.
Ranked 486th on Fortune Global (500-2014) with revenues of $ 24575 millions

Established in 1907 as Asia's first integrated private sector steel company
World's second-most geographically-diversified steel producer, with operations in 26 countries and a commercial presence in over 50 countries
8. Good Corporate Governance
4. Growth of Infra Sector in India
5. Higher pricing opportunities in foreign markets
6.Movement along Value chain front

Ferro Alloys and Minerals Division
TATA Growth Shop

Bearings and Tubes Division
TATA Steelium

Steel Division

TRF Division
Brownfield Expansion:
Expansion of its existing plant in Jamshedpur from 6.2 MTPA to 9.8 MTPA
Greenfield Expansion:
Kalinganagar Project , 6MTPA in two phases - 3MTPA each
Upcoming Projects:
Karnataka, Chattisgarh
Strategy for Expansion
A page from 106th Annual Report
Full transcript