METAMORPHOSIS OF TATA STEEL -THE CHALLENGES OF CHANGE MANAGEMENT "There is nothing more difficult to take in hand‚ more perilous to conduct‚ or more uncertain in its success‚ than to take the lead in the introduction of a new order of things." — Niccolo Machiavelli The Prince (1532) "In times of rapid change‚ experience could be your worst enemy." — J. Paul Getty INTRODUCTION 1. Tata Steel is the largest steel company of the country and at present stands as the 10th largest steel
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Press clippings Indian steel industry plays a significant role in the country’s economic growth. The major contribution directs the attention that steel is having a stronghold in the traditional sectors‚ such as infrastructure & constructions‚ automobile‚ transportation‚ industrial applications etc. Moreover‚ steel variant stainless steel is finding innovative applications due to its corrosion resistive property. India is the fifth largest steel producer at the global front and struggling to become
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Moral Minefield | Has Tata Steel‚ one of India’s oldest and most admired corporates‚ diverged from the ethical path laid down by its founding fathers? | | By DIVYA GUPTAPublished :1 November 2011 | | | | Text Size | | | | | | | Print this page | Email this page | Add to favourites | Share with friends | | | | | | | | Single page | | | | PHOTOGRAPHS BY AKSHAY MAHAJAN | | The hundred year old Tata Steel plant’s chimneys pumping out black
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REPORT ON ACCOUNT RECEIVABLE MANAGEMENT TATA STEEL Prepared by www.AssignmentPoint.com Date: 21-05-202 EXECUTIVE SUMMARY The project deals in “account receivable management at Tata Steel”. Receivable management is one of the most important aspects of the organization‚ as it deals with the management of the outstanding. The profit of the company mainly depends on the accounts receivables. Therefore it needs a careful analysis and proper management. Debtors occupy an important
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A STUDY ON DISTRIBUTION LOGISTICS IN VISAKHAPATNAM STEEL PLANT A Project submitted in the partial fulfillment of the requirement for the award of the degree of MASTER OF BUSINESS ADMINISTRATION IN ANDHRA LOYOLA INSTITUTE OF ENGINEERING AND TECHNOLOGY Submitted By GOGUSETTI VIJAY (11HP1E0058) Under the Guidance of Mr. O.V.KISHORE Sr. Manager‚ Marketing Facilitated by HRD group Shri .O.R.M RAO (A.G.M‚ HRD) Shri. M.L
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ND/12/MET/FT/094 8. ND/12/MET/FT/028 9. ND/12/MET/FT/142 10. ND/12/MET/FT/089 11. ND/12/MET/FT/009 12. ND/12/MET/FT/039 13. ND/12/MET/FT/143 14. ND/12/MET/FT/010 15. ND/12/MET/FT/078 16. ND/12/MET/FT/070 Steelmaking is the process for producing steel from iron and ferrous scrap. In steelmaking‚ impurities such as nitrogen‚ silicon‚ phosphorus‚ and excess carbon are removed from the raw iron‚ and alloying elements such as manganese‚ nickel‚ chromium and vanadium are added to produce different grades
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tension or compression. Steel is not an element; it is an alloy of iron containing less than 1% carbon to make it stronger. The process of steelmaking had multiple changes in the last century to meet regulations based on the political‚ social and technological atmosphere‚ especially in the last decades since global warming became the most important factor. Steelmaking involves three steps which are melting‚ purifying and alloying. In the alloying process it is mixed with other elements such as manganese
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commodity type input‚ could easily switch demand from company to company‚ and they used this leverage to further bargain down prices. To make matters worse‚ established steel makers were typically unionized‚ and a combination of high wage rates and inflexible work rules raised labor costs‚ making it even more difficult to make a profit in this brutally competitive industry. Strong unions‚ together with the costs of closing a plant‚ were also an impediment to reducing excess capacity in
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Was the big businessman a “Robber Baron” or a hero of industry? A “robber baron” was someone who employed any means necessary to enrich themselves at the expense of their competitors. Two big Businessman/ industrialists during the 1800’s-1900’s were John D. Rockefeller and Andrew Carnegie. Each businessman contributed something during their lifetime that made people question whether or not they were Robber Barron’s or a hero of Industry. Did each of these businessmen fall into that category or
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with steel making facilities in fourteen countries and employing more than 150‚000 people. Mittal reportedly paid $US128 million for a twelve bedroom residence in Kensington Palace Gardens‚ London. Mittal began his career working in the family’s steelmaking business in India‚ and has over 30 years of experience working in steel and related industries. Mittal founded the company Mittal Steel (formerly the LNM Group) in 1976 and has been responsible for the development of its businesses ever since.
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