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Strategic Management Analysis of Biocon India Group 7 REFERENCES 9 INTRODUCTION

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Added on  2019-12-17

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Strategic Management Analysis INTRODUCTION 1 SECTION 1 Mission and Vision of Biocon India Group 1 SECTION 2 Five forces are as give below of Biocon India Group3 SECTION 3 VRIO Framework of Biocon 5 SECTION 4 Corporate strategies for Biocon India Group 7 CONCLUSION 8 REFERENCES 9 INTRODUCTION Strategy management analysis is a process to formulate and implement a strategy to achieve objectives and goals of the organization. SECTION 1 Mission and Vision of Biocon India Group Vision of Biocon India Group is to

Strategic Management Analysis of Biocon India Group 7 REFERENCES 9 INTRODUCTION

   Added on 2019-12-17

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Strategic Management Analysis of Biocon India Group 7 REFERENCES 9 INTRODUCTION_1
Table of ContentsINTRODUCTION...........................................................................................................................1SECTION 1 Mission and Vision of Biocon India Group................................................................1SECTION 2 Five forces are as give below of Biocon India Group................................................3SECTION 3 VRIO Framework of Biocon......................................................................................5SECTION 4 Corporate strategies for Biocon India Group..............................................................7CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9
Strategic Management Analysis of Biocon India Group 7 REFERENCES 9 INTRODUCTION_2
INTRODUCTIONStrategy management analysis is a process to formulate and implement a strategy toachieve objectives and goals of the organization. This analysis first scan the factors that arepresent in internal and external environment then implement and formulate a strategy. Strategymanagement can also be defined as the decisions that manager takes which shows theorganization performance. Managers also conduct SWOT analysis of the strategy which includesstrength, weakness, opportunities and threat. Biocon is an Indian Pharmaceutical company thatwas establishes in 1978 (Freeman, 2010). It is expertise in manufacturing enzymes and alsofocused in fermentation process that was dominated by Japanese company. It is the firstcompany that produced products related to healthcare through solid state fermentation. Companyprovides many comforts to the employee and there is flat organizational structure in theorganization. The purpose of this report is to identify and analyses the external and internalenvironment of the company. To knows the various factors so that the company make theirstrategies and plan accordingly. So that the company can attain their organisational goals andobjective more effectively (Swayne, Duncan and Ginter, 2012). SECTION 1 Mission and Vision of Biocon India GroupVision of Biocon India Group is to require the career prospects by becoming one of themost recognized and know centre of advance learning in bioscience and in biotechnology. Tomeet the level of the competitive sector is the mission which is achieved by training anddeveloping the industrial talent for the biopharma. Values of this organisation is to graduate andempower the bioscience graduates with the basis industrial proficiency to develop they skills incareer prospects in the biopharma sectors. To increase the opportunities there are aspiringbiotechnologists in the sector of industry so to connect the academia and industry (Hitt, Irelandand Hoskisson, 2012). Many science projects are introduced to the new growing students whohave talents in this field. To achieve the better business they have to plan a strategy so the topmost executives make a plan like strategic objectives and missions for the company which is ofbig scale. Market strategy and products are roughly down the line which is done by themanagers. Because of small planning charm, all the strategies are all turned by the planners.There are some of the phases in strategy planning which as helped in improving the ways ofeffectiveness, corporate planning system which are hence, proved. Phase are as follows:1
Strategic Management Analysis of Biocon India Group 7 REFERENCES 9 INTRODUCTION_3
Basic planning of financeforecast based planningExternally oriented planning Strategies management In the financial problems most of the companies use to trace the origins of a planning system toreduce the annual budgeting process. On the basis of annual expense budgets are to develop thecosts, forecast revenue, and capital needs and to identify limits (Van Weele, 2009). Functionalperformance as compared to the budget targets are reported by the information systems.Powerful business strategies are made by Biocon India Group, which are rarely formalized. Theplanning is mainly depended on the CEO of the team and to improve the conditions of thecompany. They should have knowledge where the product is lacking in the market. Planningmust be done on the bases of the product knowledge so to improve the market value. Forecastbased planning are types of plans which are made before starting the products. It also differsfrom the budget in the length of the frame. In success of every organisation and every project iscritical so its better to sign the job to the right person and in the right way through which one canmake difference in the success (Wheelen and Hunger, 2011). Stakeholder management is step used by every organisation because its a very importantdiscipline which is used by successful people which ensures that their projects is successful. It atechnique which defines the success of the people when other companies are failed to reach itsgoals. Its support building plan used to achieve the targets. Important of using a stakeholder-based approach is that opinions can be used of the most powerful stakeholders to shape theprojects before the starting stage of the project. It will not only support the project, their inputcan also improve the quality of the project (Nerur, Rasheed and Natarajan, 2008). To make theproject more successful the company must take help of the powerful stakeholders which willhelp to win more resources – this makes it more likely. Its better to communicate with thestakeholders so that they can help to understand the plan which makes sure what are the benefitsare going to be gained by this project early and frequently. The stakeholders support activelywhen ever its necessary. Every company should know what kind of stakeholders there are hiring.Stakeholder can be both organisation and people so its better to communicate with them. Theproject must be attractive and the communication must be clear so that the stakeholders must be2
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