Tata Steel Case Study Analysis Essay Example

Goodbye Steel Case Study Analysis Paper Presentation The Tata Group is a huge gathering of organizations that command markets in India. The association has built up itself as a pioneer in business sectors, for example, the carrier business, inn, programming, speculation, and steel industry. There is a long history of corporate obligation inside the gathering, and it is nothing unexpected that all Tata organizations have embraced a Tata Code of Conduct just as numerous global principles. Goodbye Steel is one of twenty-eight significant partnerships inside the Tata Group. Established in 1907, it is the biggest private segment steel organization in India. Tasks are spread the nation over, with the steel producing unit at Jamshedpur, and other assembling and mining exercises arranged in the conditions of Jarkhand and Orissa at eight areas. The Tata Group central station is situated in Mumbai, Maharastra. This paper gives a review and examination of the bookkeeping issues that Tata Steel is confronted with in the wake of securing a remote organization. Organization Profile Tata Steel, fused in 1907 by Shri Dorabji Tata, is Indias biggest private area steel organization having a place with the Tata Group. The organization fabricates completed steel, both long and level items like hot and cold moved loops and sheets, electrifies sheets, tubes, wire poles, development re-bars, rings and orientation. The organization showcases its items in brands like Tata Steelium, Tata Tiscon, Tata Pipes, and so forth. The organization is among the most reduced cost makers of steel on the planet. Its principle plant is situated in Jamshedpur, having an assembling limit of 5 MTPA (million ton for each annum) while its preparing units, hostage iron metal and coal mineshafts are situated in the conditions of Orissa, Jharkhand, Maharashtra, Gujarat and West Bengal. We will compose a custom paper test on Tata Steel Case Study Analysis explicitly for you for just $16.38 $13.9/page Request now We will compose a custom paper test on Tata Steel Case Study Analysis explicitly for you FOR ONLY $16.38 $13.9/page Recruit Writer We will compose a custom exposition test on Tata Steel Case Study Analysis explicitly for you FOR ONLY $16.38 $13.9/page Recruit Writer With its administrative center situated in Mumbai, the organization capacities through a system comprising of exchanging arms and activity and ventures destinations spread across nations in the landmasses of Asia, Europe and America. Aside from Steel there are six Strategic Business Units or divisions for Bearings, Ferro Alloys and Minerals, Rings and Agrico, Tata Growth Shop, Tubes, and Wires. It works in excess of 20 nations and has a business nearness in more than 50. In the previous scarcely any years, Tata Steel has put resources into Corus (UK), Millennium Steel (renamed Tata Steel Thailand) and NatSteel Asia (Singapore). With these, the organization has made an assembling and showcasing system in Europe, South East Asia and the Pacific-edge nations Problem Tata Steel Faces Tata Steel is confronted with an intense, and fairly unpredictable, issue. The organization has worldwide desire. I mean the organization needs to set up itself as a force and contender in the worldwide commercial center. Goodbye Group obtained UK based Corus Group, a settled steel organization in its own right, by method of a $12. 1 billion arrangement. The arrangement was somewhat supported with a $6. billion dollar credit that was fundamentally named in Euros. The money where the Corus Group earned the vast majority of its incomes was Euros. It appeared well and good for the Tata Group to subsidize the arrangement in Euros so as to abstain from presenting the obligation to cash chance. The issues that the Tata Group would look because of this arrangement achieved an issue that the association truly didn't have a lot of involveme nt with managing. Due to the cash section issues with this arrangement, the Tata Steel would have a risk of over $600 million on its monetary books. In spite of the fact that, the truth is that Tata Steel has a sound and adjusted money related structure and bookkeeping rehearses. Due to worldwide bookkeeping laws that India and the Tata Group have embraced, on the books it looks as though Tata Steel is convey a greater number of liabilities or obligations than it truly is. This is critical on the grounds that a speculator or investor would take a gander at the company’s financials and imagine that the association isn't as monetarily steady as it truly seems to be. Goodbye Steel utilized Indian Generally Accepted Accounting Principles (IGAAP) to set up their budget reports. IGAAP converged with the worldwide bookkeeping framework known as the International Financial Reporting Standards (IFRS). The issue with this is by IFRS measures the merger, or characteristic support, was not perceived. IGAAP and IFRS both ordered that outside money credits be designated in the getting company’s home cash for bookkeeping purposes. This made an announcing issue for Tata Steel when in all actuality there was no monetary issue with the arrangement. SWOT Analysis of Tata Steel Strengths Global situation in steel industry Goodbye Steel is one of the most prosperous and productive steel organizations on the planet. The obtaining of Corus and other worldwide steel organizations have supported Tata’s position in the commercial center and made it one of the top steel organizations on the planet. Corporate administration Tata Steel has had an excellent record for corporate administration. It has set the benchmark in worldwide corporate administration standards of responsibility, straightforwardness, and value for others to follow. Goodbye Steel has been reliably accepting renowned honors at both the national and the global field. The organization was granted the Best Governed Company Award in 2006 for corporate practices introduced by Asian Center for Corporate Governance. Brand esteem The Tata Steel brand, inferable from its exceptionally moral and a communist way to deal with business, has made its name equal to trust. The procurement of Corus made Tata Steel a considerably increasingly legitimate and ground-breaking organization. Tats Steel was a notable brand even before the securing of Corus. The expansion of Corus makes Tata Steel one of the most notable and gainful organizations on the planet. Development of Tata Steel Goodbye Steel has the least working expense for steel produce on the planet. Further it has shown viable methods in embracing an eco-accommodating and maintainable methodology towards the assembling of steel therefore proactive measures are attempted to guarantee the representatives wellbeing and profitability through ergonomically planned work stations and by shielding them from word related risks. Versatility to the quick changing worldwide business condition Tata Steel has shown gigantic nimbleness in the ongoing past during the worldwide monetary emergency. Its virtuosos of different fields have received different strategies like bringing down creation and in any event, closing down steel plants because of the absence of interest, dealing with the monetary record productively and so forth. The organization has 70% of its acquisition of crude materials for its tasks in Asia through long haul contracts thus its edges can be protected from the subtleties of the unpredictability of the money related markets. Supervisory crew Tata Steel has an exceptionally solid supervisory group who has shown their aptitudes in growing the organization through different imaginative techniques. The organization has effectively gained Nat Steel of Indonesia, Millennium Steel of Thailand and all the more critically UK based Corus. The company’s virtuosos of money have had the option to discover creative approaches to handle the company’s obligation and keep the main concern in the green zone in spite of lower request and a great deal of amassed obligation. Shortcomings Debt trouble Tata Steel has an absolute obligation of $9. 8 billion USD on its books, quite a bit of it from the Corus obtaining. The organization intends to renegotiate $6. 5 billion of its drawn out obligation. It has a horrible obligation to value proportion which implies the advantages of the organization are to a great extent financed through obligation. With the consistent increment in expansion most nations are starting to fix credit and liquidity in the currency markets. Because of swelling expands, loan fees are on the ascent too. An expansion in financing costs implies an expansion in the company’s liabilities. This will additionally add to the debasement of Tata Steel’s monetary record. Moderate bookkeeping rehearses India has extremely preservationist bookkeeping gauges. The framework works inside the nation yet needs adaptability and flexibility with regards to announcing contrasts in money. Since the Tata Group has worldwide goals, the organization must arrangement in different monetary standards while working with worldwide organizations. The issue lies in the guidelines overseeing the bookkeeping rehearses inside India. Every single remote money must be changed over to the nations of origin cash when giving an account of fiscal reports. Innovation Many steel organizations have executed various advancements into their plants to make creation and profitability progressively effective. There is another fluorescent x-beam innovation that a few organizations have received. Goodbye Steel is inadequate here. Goodbye Steel has neglected to embrace new innovation to bring down expense, improve creation, and improve representative security measures. Acquisition theory of its auxiliaries The biggest auxiliary of Tata Steel, Corus, has high introduction to spot costs and a higher operational equipping among the bigger European steel organizations. Thus it has the danger of unpredictability related with evaluating, one of the key components in deciding benefit of a product organization. Openings Serious position Tata Steel is the second biggest maker of steel in India and the 6th biggest maker on the planet. Throughout the years Tata Steel has been obtaining different steel organizations around the globe, the most recent being Corus. There is a great deal of space for Tata to develop and additionally set up itself as an enduring force in the worldwide commercial center. Innovative advances Tata Steel has demonstrated massive coordination capacities before. With the acquis

Environmental issues Essay

What ways has finding out about new ecological issues changed the method of living economically? The information on natural issues has changed the manner in which we live. We gain so much from our past encounters. Ecological issues cleared a route for logical headways. A case of this is the development of elective fuel in vehicles. Ecological issues help advance informal organizations among nations. Data innovation improved our correspondence with others. We find out about counter proportions of certain natural issues from them and thus, we share our insight to them. In our regular day to day existences, we become familiar with the significance of neatness and order. Tossing our trash anyplace may begin a pestilence and result to death of creatures and plants just as people. What significant data has the best effect in transit you think about the earth? How might you apply this information later on? The most significant data that changed my perspective about nature is the information on Global Warming. Why? All things considered, among the greatest errors people at any point made was to cause the exhaustion of the ozone layer. Its belongings are wrecking yet there isn’t a compelling method of halting it. The information on such issue will help spare humankind. I might be the one to figure out how to stop Global Warming later on. In any case, if just all will help in taking care of this issue, we may have the option to locate the best method of sparing the earth, sparing our own lives. Reference: Global warming. (n. d. ). Britannica Concise Encyclopedia. Recovered March 02, 2007, from Answers. com Web webpage: http://www. answers. com/point/a dangerous atmospheric devation

How to Write a Good Position Paper

How to Write a Good Position PaperIf you want to know how to write a good position paper, the first thing you need to do is define what the objective of the paper is. Are you trying to promote your own products or services? How about going after a particular clientele?Knowing how to write a good position paper will tell you exactly how to position your keyword phrases and build your backlinks. It will also tell you how to begin the basic outline of your position paper. Here are some tips to help you get started.A good position paper will have three parts. The first part will be a summary of what you want to accomplish with your clients. In this section, be sure to include any testimonials, client testimonials or feedback you may have on your product or service.A great way to start writing is by including bullet points, or chunks of text, within each bullet point. It helps to think of your idea as a bunch of words that need to be put together. You can add in bold or italics for emphas is. This is a great way to start your position paper.Your idea needs to be organized, so create a table of contents. This is a short list of the various sections of your position paper. It is important to separate your ideas into parts and sections so you can write separately and then add the other parts later.Different people use different ways to structure their thoughts and information. The best way to develop a position paper is to find the best way for you personally and be able to share that with others. It is a way to expand your learning.Another helpful technique for developing a good position paper is to start with a strong headline. Once the head of the body, use the rest of the body to back it up. It is important to take this idea and take it one step further to make it really useful to people who read it.Also remember to include your own backlinks. You will need your own links to help increase your ranking on the first page of the search engines. Backlinks are how people are told that you have something relevant to say about the topic and where they can get more information about your business.

Chemistry Glossary Definition of Molality

Molality Definition: a unit of concentration, defined to be equal to the number of moles of solute divided by the number of kilograms of solvent. Molality is abbreviated as molal. Examples: The solution made by dissolving 0.10 moles of KNO3 into 200 grams of H2O would be 0.50 molal in KNO3. Return to the Chemistry Glossary Index

Jewish Immigration And Palestine During The 1920s And 1930s

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M2, Review Strategies Used in Health and Social Care...

M2, review strategies used in health and social care environments to overcome barriers to effective communication and interpersonal interactions. D1, evaluate strategies used in health and social care to overcome barriers to effective communication and interpersonal interactions. Introduction There are many differing ideas on the best way to communicate in health and social care and there are many strategies used by the many differing professionals working in health and social care. This assignment will review the different strategies used and then will evaluate the differing strategies and their effectiveness when overcoming barriers to effective communication and interpersonal interactions. M2; There are lots of different strategies†¦show more content†¦www.skillsforlife.co.uk also believe that a negative side to this is that not all professionals have time to learn about this and also a lot of the time our emotions, facial expressions and body language is sub-conscious and not controlled. D1; This part of the assignment will evaluate the strategies used in health and social care. It will evaluate the pros and cons of communication and how they are used to overcome barriers to communication and interpersonal skills. Strategies are used in health and social care to give the service users the best possible chance of getting back to full health as soon as possible and provide on-going treatment or care into the future as and when it is no longer required. They are in place to promote independence and to make caring for someone as pleasant and easy experience for both staff and service user, and according to K.Bryan et al, ageing and mental health (2002) Studies suggest that a high proportion of older people in residential and nursing care have communication difficulties and there is some awareness of the need for staff training to allow effective communication toShow MoreRelatedhealth science937 Words   |  4 Pages Health professionals require good communication skills in order to carry out their roles effectively. It is therefore important for those embarking on a career in health and social care that they gain knowledge and understanding of skills involved in communication. This unit will develop and enhance communication and interpersonal skills, and will consider communication theories. On completion of this unit a learner should: Understand effective communicationRead MoreFactors That Influence Communication And The Strategies1262 Words   |  6 Pagesthat influence communication and the strategies to overcome them. Communication is a two way process which two individuals participate in in-order to understand the view point and ideas of each other. â€Å"Communication is a cycle because when two people communicate they need to check that their ideas have been understood†. (Health and Social Care L3 book 1, page 18) This process however doesn’t always go accordingly, which then leads to barriers arising. Interpersonal interaction is the processRead MoreUnit 1 Health and Social Care16199 Words   |  65 PagesDeveloping effective communication in health and social care LO1 Understand effective communication and interpersonal interaction in health and social care contexts of communication forms of communication interpersonal interaction communication and language needs and preferences LO2 Understand factors that inï ¬â€šuence communication and interpersonal interaction in health and social care environments theories of communication environmental factors affecting communication barriers to communication 2 DevelopingRead MoreStrategies Used to Overcome Barriers to Communication1739 Words   |  7 PagesTask 2- P4, M2 D1 Strategies Used to Overcome Barriers to Communication P4 Pick two examples from placement experience that may have been mentioned in the first task. Examples should deal with situations where you or another worker were faced with barriers to effective communication. Explain the strategy used to overcome the barriers met. A strategy is a plan of how things are intended to be done. You may not have done what was intended to the full. Explain your intentions as well as what actuallyRead MoreMerger and Acquisition: Current Issues115629 Words   |  463 PagesEconometric results 7.6 Trading volumes 7.7 Conclusion 7.1 7.2 7.3 96 96 97 101 102 106 110 114 CONTENTS ix 8 Merger Arbitrage: An Introduction Greg N. Gregoriou and Franà §ois-Serge Lhabitant 8.1 Introduction 8.2 Merger arbitrage: the strategy 8.3 Key sources of merger arbitrage risk 8.4 Historical performance 8.5 Conclusion 118 118 119 128 132 136 9 The Impact of Cross-Border Mergers and Acquisitions on Financial Analysts’ Forecasts: Evidence from the Canadian Stock Market Alain

Value Creation in Facilities and External Environments - Free Samples

Question: Discuss about the Value Creation in Facilities and External Environments. Answer: Introduction Honest Jim Cars is a company that deals with the retail sale of cars from different manufacturers. Initially, the company only started out with a single car yard and limited variety of cars. Due to serious competition in the market and lack of sufficient promotion and funding, the company grew very slowly. However, after the initiatives taken by a well known loyal customer, the company slowly gained popularity and started to grow quickly. Currently, the company has three different car yards in Melbourne and is looking to spread over other states in Australia. After the retirement of the initial ownership panel, the company is now run by their sons who are now looking to make some significant changes in the overall operational policy of the company. In addition to the physical retail stores, the company is now looking to enter e-commerce, which is relatively new to car dealership. Furthermore, the current owners are now looking to implement a suitable business model that will help the company to grow within a particular framework. In this report, an overall review process has been conducted on the industry, external and internal environments of the company as well as the requirements set by the company owners. Accordingly, a mock-up design has been developed for the proposed website for the company and in addition, a spreadsheet has been created using the sales data generated by the company that gives insight about the current business situation of the company. Motor vehicle dealership industry in Australia has always been highly popular although it faced a sharp decline during the global financial crisis in the first decade of the 21st century. However, after that period, the industry again stood up and started to grow. The demand for cars increases as the number of student immigrants continue to increase in Australia (Bellini et al. 2017). Most of these immigrants seek to buy or rent cars as a medium for their transport. As per an estimate, the revenue generated by the car dealership industry in 2017 is $63bn and the annual growth is found to be 0.5%. Furthermore, the industry currently provides employment to more than 67000 people in the country. However, although the industry is stable and the demand continues grow, the competition in the market is also very high. There are many large sized car dealers who dominate the industry and are also being franchised. As a result, small and medium sized car dealers often find it hard to get a significant place in the automobile dealership industry and it requires significant amount of funds and promotion to get a hold on the industry (Artto et al. 2017). The two largest companies in the industry are A P Eagers and Automotive Holdings Group who have significant shares on the overall car dealership industry in Australia. In spite of the competition, many small and medium car retails have grown up including Honest Jim, which is now looking to use a suitable business model and ecommerce in order to get a strong hold on the local and regional market in the country. Business Model and Environment There are several business models that are suitable for the company. However, the best business model that will help Honest Jim to grow in terms of size and revenue is franchise model. The franchise model helps any business organization to build a suitable brand value that attracts more customers than other organizations who do not have brand values. Furthermore, with the franchise model, the company can open more retail chains in various parts of the country and immediately gain success through brand value (Anwar and Zebari 2015). The target audience for such business framework should be the upper middle class and higher category of customers and the international immigrants who come to Australia for study and work. It is easier to attract the foreign immigrants with a proper brand value that also has significant international reach. In order to gain success in the proposed business system, the company must create a suitable value proposition that will also be aligned to the business model. This is required in order to attract more customers in their stores that not only generates revenue but also helps in gaining competitive advantage over other organizations in the same business domain (Galiano, Rodrguez and Saco 2018). In this particular case, the franchise business model is necessary and for that purpose, the company needs to develop and upgrade its own brand value. The overall need for the company is to first create a brand value by become a franchise by pulling all its business components under one common identity and system. In order to justify the value proposition, the company should open more retail chain stores in various parts of the country and also integrate business in all the stores using a common centralized server and a suitable ERP system (Kim and Talbott 2018). This will not only help the company to establish controlled approach to business but will also help them promote their brand equally through the various retail chains. SWOT Analysis and Discussion Based on the study of the internal environment of the company, a SWOT analysis can be conducted as follows. Strength Weakness i. The main strength of the company is that it has gained a significant amount of reputation through a well known loyal customer. ii. The company sells cars from excellent and popular car makers. iii. The company has three separate car yards for retail sale. i. The company does not have access to sufficient information system and information and communication technology (ICT). ii. The company lacks sufficient upgrades to maintain competitive advantage in the market. iii. The company lacks sufficient technical expertise to manage an upgraded information system and ecommerce. Opportunity Threat i. The company has sufficient budget to employ technically expert staff to bring suitable changes to the current system. ii. The company has a great opportunity to develop a franchise and deploy brand value system in the business plan. i. Due to lack of technical upgrades, the company is failing to cope with the strong market competition against some newly developed car dealer companies. ii. Sudden increase in popularity of online car sales means the company faces the threat of losing a strong customer base unless it enters the online car sale business as well. From the analysis of the internal environment of the company, it can be seen that the main issue associated with the business of the company lies in the lack of technical upgrades over the years. The company continues to follow the same business model from the start that is slowly starting to become obsolete (Ebben and Johnson 2015). Furthermore, the company lacks suitable personnel in the management team who are technically strong and able to handle new information system if it is implemented in the near future. However, with suitable budget for development and employment of technical staff, the company will be able to solve the issues and regain the control over the market. Porters 5 Forces Analysis The external environment of the company can be analyzed using Porters Five Forces as follows. Bargaining Power of Suppliers For the case of Honest Jim, the bargaining power of suppliers is medium due to a number of reasons. Firstly, there are already many alternative car dealers available in the market and hence, even if Honest Jim refuses to pay the asking price to the supplier (in this case, the car manufacturer), the supplier will be able sell the cars to some other car dealers (Gonzlez, Crcaba and Ventura 2015). This problem increases the bargaining power of the suppliers. Secondly, Honest Jim has sufficient popularity and with future franchising, the company will gain high brand value. This should encourage the suppliers to sell to them as there are more chances of sales of the cars from a popular dealer. This aspect will decrease the bargaining power of the suppliers. Threat of Substitutes The company does not face much threat of substitutes as it sells cars of almost all popular brands. There are currently not many substitutes of the cars available in the market. Furthermore, the company sells all the different classes of cars like Sedan, SUV and Ute thus ensuring all the demands of various types of customers are met (Sipho and Daniel 2017). However, in the near future, with the development of new class of electric cars like Tesla, the threat of substitutes may increase. Bargaining Power of Buyers For this company, the bargaining power of the buyers ranges from medium to low. The primary reason for this is that there are several other car dealers that have established strong business line in the same area and have deployed information system to take care of the business operations (Landau, Karna and Sailer 2016). However, the bargaining power of buyers does not go too high because the car prices fluctuate very less between various car dealers and only depend on the market condition only. Threat of New Entrants Unless Honest Jim upgrades itself with new technical setup and business framework, it may face significant threat of new entrants in the very near future. New car dealers are growing up in the nearby areas with advanced technical setup and technically adept management teams that are driving their companies towards excellence. Industrial Rivalry Currently, the industrial rivalry is very high especially due to the growth of many car dealers in the last few decades in the country and the increase of popularity and demand of cars in the country (vom Berg, Gmez and Sandau 2017). Already franchised car dealers have established a strong control over the market whereas medium sized organizations like Honest Jim has only got control over a small part of a regional market. Table Creation and Discussion The table for the raw data has been created and shown in the attached excel spreadsheet. From the analysis of the data in the spreadsheet, three insights that the managers can gain regarding the business have been identified as follows. Trend 1: Ute is the most popular class of car and this particular class has generated most sales and revenue for the company in 2016. Trend 2: In the entire period of 2016, the diesel cars have experienced much more sales than hybrid and petrol cars. Trend 3: The customers are preferring the latest models of the cars only as evident from the high amount of sales for the cars manufactured in 2016 and lack of sales for older cars. In the provided mock up designs in the Appendix section, three pages of the website have been provided. The justifications of the three pages are as follows. Home Page This is the page that opens when the customer enters the website. This page provides a number of information including new offers, slideshow of various cars sold and others. From this page, the customer can visit various pages like products, create account and others. Product Page When a customer clicks on a particular car, this page will open. This page will show details of the car, price, applicable offer and other similar cars available. Purchase Page When a customer checks out after selecting a car, this page will open and present the customer with payment options as well as request delivery location. The elements used in the website as per HCI and web usability guidelines are as follows. Visibility All elements in the site are easily visible to the visitor. Feedback The elements have feedback system for the visitor. For instance, whenever the visitor selects a car to buy, the site will ask him to register or login first. Consistency All elements of the website are fairly consistent, each element is arranged in an aesthetic manner and is fully functional. Accessibility The website is accessible to all internet users regardless of operating system. Home Page The home page is made as attractive and informative as possible. Navigation Navigation options are well developed and integrated in the website. Three additional tools that can be used by the company that will increase competitive advantage are as follows. Test Drive There can be a new page that will allow customer to apply for test drive. Driver Test This new page will allow customers to apply for driving test and earn license. Car Customization This new page will allow the customers to customize the car they will be purchasing. Conclusion In this report, an overall business evaluation for Honest Jim Cars has been provided. In order to get sufficient insight, both the external and internal environments have been analyzed and accordingly, a new business model has been proposed. It has been found from the analysis that although the company enjoys significant amount of success in the market, it requires sufficient technical upgrade and a suitable business model in order to maintain the business success as well as market competitiveness. Hence, franchise business model has been proposed that will help the company to establish a brand value. Furthermore, implementation of ERP system has been suggested so that the company can open more new retail chains but at the same time can be able to maintain business continuity and control over the entire retail chain. References Anwar, G. and Zebari, B.A., 2015. The Relationship between Employee Engagement and Corporate Social Responsibility: A Case Study of Car Dealership in Erbil, Kurdistan. International Journal of Social Sciences Educational Studies, p.45. Artto, K., Ahola, T., Kyr, R. and Peltokorpi, A., 2017. 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