Business Strategy and CorporatePlanningPresentationQuestion 1Presented By:Nishant Kamal-251074Siddhartha Kamat-251075Gourav Kapoor-251076
Contents of the Presentation• What is a Core Competence?• Company Introduction• Core Competencies of the Company• Competency Cells-Embedding and Enhancing Skills• Benchmarks-Global Standards
What is a Core Competence?• “A core competence is the result of a specific set of skills or production techniques that deliver value to the customer. Such competences enable an organization to access a wide variety of markets”• “Core competencies are developed through the process of continuous improvements over the period of time. To succeed in an emerging global market it is more important and required to build core competencies rather than vertical integration”
What is a Core Competence?• Executives should develop a point of view on which core competencies can be built for the future to revitalize the process of new business creation.• The key to future industry leadership is to develop an independent point of view about tomorrows opportunities and build capabilities that exploit them.
Larsen and Toubro• Larsen & Toubro Limited (L&T) is a technology, engineering, construction and manufacturing company. It is one of the largest and most respected companies in Indias private sector.• Headquartered in Mumbai and Chairman is Mr. A. M. Naik• Revenue: 12.34 Billion USD• Employment: 45,117• Hydrocarbon• Heavy Engineering• L&T Construction• Power• Electrical & Automation• Machinery & Industrial Products• Information Technology• Financial Services• Shipbuilding• Railway Projects
L & T’s Core Competencies-1• Process Technology: Cement and Mineral Process, Chemical Engineering, Material Science and Corrosion Engineering, Mechanical Engineering, Ocean Engineering and Water Technology.• Basic and Detailed Engineering Services: Electrical and Instrumentation Engineering, Front-End Engineering and Design, and specialized SBUs for Oil and Gas Engineering services.• Modular Fabrication: Through one of Asia‘s largest yards at Hazira, capable of manufacturing several modules simultaneously.• Procurement: An extensive set of suppliers from around the globe, networked through an online procurement and an e-business platform.
L & T’s Core Competencies-2• Project Management: L&T is one of the first companies in the world to implement the Enterprise Resource Planning (ERP) software SAP R/3 in E&C business. This integrates all the execution processes for the project and also provides to the project team unique access to information at all stages - from proposal to project handing over.• Construction: Through ECC - executing comprehensive construction projects in areas of power, oil & gas exploration, refinery, fertilizer and petrochemicals, airports, townships, hotels, public buildings, bridges, transmission lines, water treatment plants, hydro-electric power stations and irrigation structures in various countries.
Competency Cells-Embedding andEnhancing SkillsWell established competency cells in specialized trades focus on continuouslyupgrading the technology, improving construction methods and impartingrelevant training and orientation to staff and workmen to attain seamlessexecution of projects involving multi-disciplinary activities.• Construction Methods Planning Cell• Special Projects And Construction Methods• Building Utilities Competency Cell• Formwork Competency Cell For Execution• Foundation Engineering Competency Cell• Quality Management Competency Cell• Concrete Technology Cell• Building Finishes Competency Cell
Benchmarks-Global Standards• ISO 9001/ISO 29001-Quality • This approval reflects L&Ts capability to execute turnkey projects covering marketing, design, engineering, project management, procurement, manufacturing, erection, construction and commissioning of various plants & systems.• ISO 14001-Environment • L&Ts Engineering, Research & Development Centers are certified to ISO 14001 for its capability to design and engineer environmentally friendly plants.• OHSAS 18001-Health and Safety• ISO/IEC 27001-IT Security • L&T is the worlds first company to be certified to ISO/IEC 27001 on the very first day of its publication.• NBBI, ASME and API Accreditations for L&T’s Modular Fabrication Facilities