Strategic planning problems for Tata Steel
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Added on 2020-02-05
Strategic planning problems for Tata Steel
Added on 2020-02-05
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Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................31.1, D3, M3 Tata Steel.................................................................................................................31.2 Strategic planning problems for Tata Steel............................................................................41.3 Strategic techniques used in planning procedure...................................................................6task 2................................................................................................................................................72.1 SWOT analysis of Tata Steel.................................................................................................72.2 External environmental factors of organization that impacts on Tata Steel's effectiveness..72.3 Significance of stakeholder analyses.....................................................................................82.4 Strategy for Tata Steel.........................................................................................................10Task 3.............................................................................................................................................113.1, M1 Market entry strategy for Tata Steel.............................................................................113.2, D1, D2 Analysis of selected appropriate strategy...............................................................12Task 4.............................................................................................................................................134.1 Roles and responsibilities of personnel for strategy implementation..................................134.2 Recognition of required resources for implementing new strategy.....................................144.3, M2 Evaluation of strategic plans........................................................................................15CONCLUSION..............................................................................................................................15REFERENCE.................................................................................................................................162
INTRODUCTIONBusiness strategy is useful tool to recover issue occurs at workplace by formulating,implementing and evaluating strategic plannings. It is helpful for long term sustainability oforganization. The present report is based on understanding aspects of business strategy for TataSteel. It is largest well known cars, trucks and its equipment provider entity of UK. In thisregard, overall structure of company including mission, vision and objectives of firm can bedetermined. In addition to this, different problems and their solutions are to be described throughthis study. However, learners can understand environmental factors that impact on company'seffectiveness. Along with significance of personnel roles for adequate future plans are obtainedthat is helpful for long term sustainability of Tata Steel. TASK 11.1, D3, M3 Tata SteelTo,The boardTata Steel is one of the wide spread private sector organization of United Kingdom. Itsheadquarter is is London and has different branches in other countries worldwide. The motor carand truck provider company presents its organizational structure effectively. It includes mission,vision, objectives and competences can be described as follows:-Mission:- Tata Steel aims to sustain its market position for long term stability oforganization (Tata Steel, 2016). It is interrelated with set targets to reach out adequately.Therefore, its mission can be understood as:-Adequate utilization of staff and materials.Increasing productivity and profitability of firm.Sustainability of entity for maintaining attraction of customers towards goods andservices.Creating effective and growing environment of organization for increasing workingefficiencies.Vision:- It considers as scope of organization that how it views for itself for increasingefficiency in business activities. It includes following visions as:-3
Innovative approach:- Adopting new technologies for better quality services.People oriented:- Team work, effective leadership and management of businessactivities.Environment:- Positive and healthy atmosphere of Tata Steel that is able to makeeffective position in competitive market.Objectives:- According to given scenario, Tata Steel sets target to maintain its valuablegoodwill in market by achieving following objectives:-To enhance profit earning capacity of organization.To reduce turnover of employees at workplace.To provide beneficiary facilities to workers for their stability and performance forentity's effectiveness.To leading in delivering innovative solutions for entire growth of firm at high level.To be responsible for organizing and constructing infrastructure projects.To establish good relationship with collaborative to get succeed.Core competences:- Tata Steel has balanced international availability over developedUK and other countries of the world. However, it places essential role in entire global forproviding motor car and its equipment. It is fast growing organization and has good relationswith various customers including retailers, wholesalers and business entities.1.2 Strategic planning problems for Tata SteelStrategic planning is a process of forecasting and decision making for increasing businessand competitive strategies. It involves decisions related to development of entity includingqualitative services of firm to allocate sufficient fund as well resources. It interrelates with greatatmosphere of organization to achieve set of targets regarding planning and controlling overtransaction of motor cars including their equipment (Slack, 2015). However, it includes varietiesof ideas generated for effectiveness of firm and proper management of business activities. Itinfluences to increase business strategies of Tata Steel that presents strength and weakness ofentity. Thus, strategic planning is related to create effective future trends as per current positionof company in competitive market. Along with it includes internal and external environmentalfactors that impacts on firm's position in global market. It is useful tool for developing4
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