The Manufacturing Strategies

Running head: MANUFACTURING STRATEGIES
MANUFACTURING STRATEGIES
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1Manufacturing Strategies
Table of Contents
Answer to assignment 1:....................................................................................................3
Answer to assignment 2:....................................................................................................5

2Manufacturing Strategies
Answer to assignment 1:
Rio Tinto is one of a big manufacturing company in UK which deals with metals and
mining. They are popular for producing essential products for humans from those
extractions. Being a large manufacturing company, it is their duty to follow proper framework
and contribute to the society so that there will be good relationship with their customers.
Their small step could help the country to develop more and their strategies will help them to
grow in that developed area. Some strategies like installing first solar plant to provide
electricity to new iron ore mine situated in Koodaideri. They have produced new aluminium
alloy which will be stronger and sustainable. These strategies help them to stand apart from
others and gain competitive advantage in market to sustain their position. During 16th March,
Rio Tinto has announced to work with Oyu Tolgoi to ensure the safety and security of their
employees (Lorentz et al. 2016). This strategy will help them to gain the trust of their
employees because they are most valuable to the organization. Culture and country believes
are highly respected by this organization because a section named as “their spirits are here
now” contains the pictures and voices of some famous personalities who have passed away.
This ensures that they are highly thankful to the culture and to those people because of them
this current beauty of the country is globally famous. CSR activities are another strategy
done by this company because they believe that social demand should be fulfilled because
they are the buyers (Mittal et al. 2017).
Financial Conduct Authority is one of a famous financial service providing company
in UK. It is important for them to apply some strategies to sustain into the business and
continuously provide their customers with high quality service that customer retention is
better and customers have a full faith on them (Riotinto.com 2020). Due to high alert
regarding Corona virus, they have put up a safety and hygiene program for their employees
so that they stay safe (UKEssays.com 2020). They intend to improve the culture of financial
services. Risk management and strategic planning are the important factor for them and for
that purpose they invite essays from different leading academics which involve change
practitioners, industry leaders and international regulators. This helps them to further
transform and improve the financial services section and get the competitive advantage to
sustain their market position and retain customers trust over them. They have achieved
Clear English Standard award because they use simple language as communication for their
business purpose. Their official website contains information regarding modern slavery
statement and freedom of information because they want to reflect their true picture in front
of their customers and employees and if there will be any issue regarding the information
they can directly ask question the higher authority of the organization (Rebolledo and Jobin,