Strategic HRM: Take Solutions' Business & HR Strategy Analysis

This presentation provides an analysis of Take Solutions Ltd., focusing on its business and human resource strategies. It begins with an introduction to the company, highlighting its core strategic operations within the life science and supply chain management domains. The presentation explores Take Solutions' business strategies, including broadening the client portfolio, global expansion, productive partnerships, and improved offering mix. It then examines the impact of the macro environment, considering demographic, political, and legal factors, along with opportunities and threats such as India's outsourcing potential and competition from other countries. The presentation also delves into Take Solutions' human resource strategies, emphasizing organizational culture, job structure, recruitment, training, and employee well-being, while also addressing the strengths and weaknesses of these HR strategies, such as a skilled workforce versus infrastructure limitations. The presentation concludes that effective workplace management at Take Solutions involves integrating various business aspects with corporate governance, ultimately contributing to the organization's growth and sustainability.

AN ANALYSIS
OF BUSINESS
STRATEGIES
OF TAKE
SOLUTIONS
Name of the Student
Name of the
University

INTRODUCTION
• Headquartered in Chennai, India, Take Solutions Ltd. delivers
comprehensive domain oriented solutions and services in Life Science
and Supply Chain Management (Takesolutions.com 2018).
• The company has a well recognised global market with a strong
presence in Asia, North and South Americas and Europe
(Takesolutions.com 2018).
• It caters to cost-effective and expert solutions and services to these
regions across diverse portfolios like pharmaceuticals, consumer
packaged goods, technology and automotive.

CORE STRATEGIC OPERATIONS OF TAKE SOLUTION
The high-impact solutions of the company provided by its four
divisions operating within the life-science domain follow specific
result-driven strategies explained as follows:
• Clinical- Aimed at developing clinical intelligence from multiple data
sources
• Regulatory- Aimed at ensuring regulatory compliance
• Safety- Aimed at implementing comprehensive vigilance systems
• Commercialisation- Aimed at ensuring best practices across sales,

The strategies incorporated in supply chain
collaboration are as follows:
• Initiating value-chain practices to bring about leverage in the
business ecosystems.
• Enabling market intelligence to integrate product tracking.
• Speeding up the automated processes in supply chain (Sadgrove
2016)
• Keeping track and eventually eliminating the hidden wasted time in
the manufacturing facilities.
• Planning and executing the collaborative outcomes in supply chain

BUSINESS STRATEGIES ADAPTED BY
TAKE SOLUTIONS
• Broadening of Client Portfolio.
• Global Expansion of market by focussing more on the
US and European Clients (More and Basu 2013).
• Engaging in Productive Partnerships.
• Enabling an improved and balanced offering mix.
Cont..

• Take Solution’s Customer Profile has revealed that the
highest number of customer engagement account for
Pharmaceuticals, closely followed by biotechnology and
Medical Devices.
• Such diversity in prospective customer base requires
active focus in maintaining the stability of supply chain.
This is where Take Solutions strives to merge the
strategies applied in its two separate domains (Phan,
Siegel and Wright 2016).

The Strategies of the entire business service of Take
Solutions is supported by four divisions:
• Research and Development and Engineering
services
• Procurement Operations
• Contract Administration
• Supplier Performance

IMPACT OF MACRO ENVIRONMENT ON TAKE
SOLUTION’S BUSINESS STRATEGIES
There are various External Variables that determine the quality of
survival of a business in its surrounding environment. These include:
• Demographic- It comprise of the group of citizens characterised by
age bracket or gender diversity for whom the product would be
manufactured.
• Political- Stability in political and governmental practices enable
companies like Take Solutions to manufacture drugs and also
control their sales distribution.
• Legal- Legal factors are related to the company’s compliance with
health and safety concerns, IPR and Narcotic Act.

MAIN OPPORTUNITIES AND
THREATS OF TAKE SOLUTIONS
The macro environmental analysis of Take Solutions have revealed the
position of its market structure with respect to certain threats and
opportunities as follows:
OPPORTUNITIES:
• India has been recognized as a potential outsourcing hub in global
forum owing to its low cost skilled labour.
• The recent years have witnessed a huge growth and supply in bio-
pharmaceutical products.

THREATS
• Government’s decision to expand the drug price control
order.
• Other countries like China and Israel giving tough
competition to India with respect to meeting low-cot
outsourcing demand.
• New foreign entrants who are well equipped with
advanced technology based products.

HUMAN RESOURCE STRATEGIES IN
TAKE SOLUTIONS
The HR Strategies in an organisation refer to the
aspects of:
• Organisational culture
• Job Structure and Role Delegation
• Recruitment and Selection
• Short-Term and Long-Term Planning
• Training and Development of the Employees and
• Maintaining the Health and Well-Being of the
Employees

• Take Solutions is well known for maintaining an
exceptional participatory organisational culture.
• It has enforced a defined mantle to keep track of
employee motivation like the Employee Motivation
Meter comprising of a set of initiatives.
• For the purpose of setting a benchmark in employee
performance, Take Solutions has introduced several
stress-busting and well-fare initiatives coupled by