Metamorphosis Of Tata Steel -The Challenges Of Change...

Metamorphosis of Tata Steel -the Challenges of Change...
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
firm in the world. The company with its headquarters in Jamshedpur operates in 20 countries with a
presence in about 50 countries across the world. The past few years has seen Tata Steel growing
from strength to strength through the path of ... Show more content on Helpwriting.net ...
It is essential to keep this as the backdrop to discuss the change management at Tata Steel, to
assimilate the entire process and appreciate why it is rated as one of the most difficult change
brought in the history of any industry in the country.
WINDS OF CHANGE–THE INESCAPABLE ROUTE
The Necessity
6. The Indian trade, industry and economy had been stagnating in the years preceding 1991 due to
Govt regulating the industry, and state protection policies of licensing, high tariffs and administered
prices. These protectionist policies made our industries complacent and curtailed the competitive
spirit of the firms, making them inefficient in the intensely competitive global market. The state of
Indian economy was in such doldrums that there was a necessity for the Indian Govt to implement
drastic fiscal policies and a controlled deregulation.
7. The Economic Turnaround of 1991. The state of the Indian economy made the govt realise that
they could no more remain isolated from the world economy, and therefore, brought in economic
liberalisation and free economy. Deregulation, free flow of goods within and outside the country and
encouragement of foreign technology became the order of the day. The new policies brought in a

fierce competition, which epitomised the age old dictum of 'survival of the fittest'. Many firms were
forced to close shop because of obsolescence of their product or technology and lack of skills to
... Get more on HelpWriting.net ...

Iron & Steel Industry in India
The objectives of the study are as follows: To analyze the top and bottom five Iron and Steel
Industries in India Analyzing the trend of key ratios across the top and bottom five Iron and Steel
companies in India Finding the factors responsible in the production of Iron and Steel To analyze the
data of the associated factors and finding a model for demand in Indian Iron and Steel Industry in
2010 Overview The steel industry is a dynamic, innovative sector, which is constantly adapting and
refining itself to become more competitive in the market. The industry does this by developing new,
improved steel grades and production procedures that produce better and more cost–effective
product lines for ... Show more content on Helpwriting.net ...
However, the 1973–4 oil crisis put a brake on the fast pace of steel production growth and further
led the global steel industry into a transformation era lasting two decades. The period 1975–2000
was characterized by production stagnation, in terms of scale, and structural transformation driven
by widespread technological innovation which created 75% of the categories of steel products used
today. Current Global Scenario In the year 2000, the World Crude Steel production was 848 million
tonnes, showing an impressive growth of 7.6% over the previous year. The world steel consumption
also rose by almost 8%. The international steel trade constituted around 303 million tons or 40.5%
of the production. In 2001 and 2002, world crude steel production was 833.70 million tonnes and
886.70 million tonnes, respectively. The following significant developments have been witnessed
recently in the global steel scenario: There has been a spate of mergers and acquisitions all over the
world in the steel industry. This is a relatively new development in the steel industry and is not
confined only to companies within the same country but often involved cross border acquisitions
and mergers. China has emerged as the most vibrant market for steel production and consumption.
The crisis of excess capacity and

Ratio Analysis Comparative Study
"RATIO ANALYSIS AND COMPARATIVE BALANCE SHEET OF BHUSHAN STEEL"
PROJECT REPORT
2009
Submitted for the partial fulfillment of the requirement for the award
Of
POST GRADUATE DIPLOMA IN MANAGEMENT
SUBMITTED BY
AVINASH KUMAR JHA
ROLL NO–8073
UNDER THE SUPERVISION OF
Prof. GUNJAN AGARWALL
Department of Management
INSTITUTE OF MANAGEMENT EDUCATION
INSTITUTE OF MANAGEMENT EDUCATION
G.T Road, Sahibabad, Ghaziabad (U.P)
DEPARTMENT OF MANAGEMENT
CERTIFICATE
This is to certify that the Project Report entitled "RATIO ANALYSIS AND COMPARATIVE
BALANCE SHEET OF BHUSHAN STEEL" submitted by Avinash Kumar Jha for the partial
fulfillment of the requirements of PGDM (Batch 2008–10 ), embodies the bonafide work ... Show

more content on Helpwriting.net ...
Organization information. 2) Literature review b. Global steel industry. c. Indian steel industry 3)
Research methodology d. Aims and objective of the study e. Methodology 4) Data analysis and
interpretation f. Ratio analysis. g. Comparative Balance Sheet 5) Conclusion h. Suggestion i.
Limitation j. Bibliography
List of table Page No. 1. Production capacity 17 2. Consumption capacity 18 3. EBIDTA / Turnover
28 4. Profit before Tax / Turnover 29 5. Return on Average Capital Employed. 29 6. Return on
Average Net Worth 31 7. Asset Turnover Ratio 32 8. Average Inventory to Turnover 33 9. Average
Debtor to Turnover 34 10. Gross Block to Net Block 36 11. Debt to Equity 37 12. Current Ratio 38
13. Interest Coverage Ratio 39 14. Earnings per Share 41 15. Dividend payout Ratio 42 16.
Comparative Balance Sheet 43
List of Figure Page No. 1. Steel production 15 2. Steel capacity 16 3. Indian steel

Market Structure of Steel Industry
Profile of Steel Industry in India (Managerial Economics)
CONTENTS
Introduction
Market Size Investments Government Initiatives
Steel Prices
Supply and Demand Analysis
Cost of production
Production Functions and Input: Fixed & Variable Inputs: Total & Average cost:
Calculating Average Total Cost
Average cost and Economics of Scale:
Market Structure of steel industry:
Price Discrimination in the Steel Market
SWOT Analysis of Steel Industry:
Indian Steel Industry a Bright Future
Understanding the ... Show more content on Helpwriting.net ...
The main highlight of the Union Budget 2012–13 for the steel industry was the proposal to reduce
basic customs duty on plant and machinery imported for setting up or substantial expansion of iron
ore pellet plants or iron–ore beneficiation plants from 7.5 per cent to 2.5 per cent. The other
proposals relating to the steel sector are as under:
To reduce basic customs duty on
* Coating material for manufacture of electrical steel from 7.5 per cent to 5 per cent * Nickel ore

and concentrate and nickel oxide/ hydroxide from 2.5 per cent or 7.5 percent to Nil * To enhance
export duty on chromium ore from Rs 3,000 per tonne to 30 per cent ad valorem * To enhance basic
customs duty on non–alloy, flat–rolled steel from 5 per cent to 7.5 per cent
Some other initiatives taken by the Government include the following:
* 100 per cent foreign direct investment (FDI) through the automatic route is allowed in the sector *
Large infrastructure projects in Public–Private Partnership (PPP) mode are being formed *
Government is encouraging research and development (R&D) activities in the sector *
Reduced custom duty and other favourable measures * Government of India has framed the
National Steel Policy (NSP) to

Case Study: ABC Corp-Process Analysis And Refinement?
PART 1: CASE STUDY
ABC Corp–Process Analysis and Refinement
Mr. Ram was sitting in his office at ABC Corp and reflecting upon the growth that his company has
seen in the past two decades. ABC Corp was started in a small space to produce steel tubes for XYZ
Steel Ltd. Now the company has three milling sections and even caters to the slitting requirements
of the other companies.
Although the company is doing well, but most the revenues are dependent on the orders from XYZ
Steel. In addition to this, the steel industry is facing a turndown in past few quarters. Therefore, Mr
Ram was thinking about how to minimise the impact of this slowdown and make optimum use of
the existing capacity at the production site.
Mr. Ram called in his operations ... Show more content on Helpwriting.net ...
New airports, metro rail lines, telecom towers, new age buses (used as frame for bus bodies) and
malls provide untapped potential for the ERW Pipe industry to expand. The industry has responded
through capacity expansion and reach. The domestic opportunity for the new applications is
expected to cross one million tonnes.
ABC Corp
ABC Corp is a privately company since June 2007. It is an Indian Non–Government Company and
registered at Registrar of Companies, Jharkhand. ABC Corp is involved in the manufacture of steel
products; steel tubes and CTL sheets. The company has increased its capacity from 150 tonnes/year
in 1997 to 4200 tonnes/year in 2015. On an average, the company dispatches 150 tonnes of pipes
every day.
This company is the steel tube manufacturer for XYZ Steel, a giant steel company in India. The steel
company has outsourced coil cutting and pipe manufacturing to many such industries. In the month
beginning ABC Corp gets order for the steel tubes. This order consists of different SKUs and their
respective quantities. Based on this order, ABC Corp orders rolled coils from XYZ Steel and then
plan its schedule for coil slitting and pipe

Tata Steel Case Study Essay
Strategic Management
Credit Accumulation & Transfer Scheme (CATS) – Undergraduate – Degree in Business
& Management Studies
"Position Analysis of Tata Steel"
–––––––––––––––––––––––––––––––––––––––––––––––––
–––––––––––––––––––––––––––––––––––––––––––––––––
–––––––––––––––––––––––––––––––––––––––––––––––––
–––––––––––––––––––––––––––––––––––––––––––––––––
–––––––––––––––––––––––––––––––––––––––––––––––––
–––––––––––––––––––––––––––––––––––––––––––––––––
–––––––––––––––––––––––––––––––––––––––––––––––––
–––––––––––––––––––––––––––––––––––––––––––––––––
–––––––––––––––––––––––––––––––––––––––––––––––––
Table of content
Title page | 1 | Table of content | 2 | 1. Introduction | 3 | 2. Historical ... Show more content on
Helpwriting.net ...
* –––––––––––––––––––––––––––––––––––––––––––––––––
2.1 History
In 1907, Jamsetji Tata, an industrialist, established Indians biggest and first steel plant. At the same
time it was Asia's initial private sector steel company. The reason of Tata Steel's establishing was
that Jamsetji had the idea of developing an iron and steel industry in his own country.
* –––––––––––––––––––––––––––––––––––––––––––––––––
2.2 Strategic drift

One significant point in position analysis is the strategic drift, which is defined and illustrated
(exhibit 1.1) in appendix 1.
Since its establishment, Tata has shown a strategy of incremental change. Arguably, that point was
important because so the group might vary within the current market. In the nineteenth – century
steel was seen as an unprofitable section. Even more than 50 independent steel producers went into
bankruptcy in the USA (Business Monitor International Ltd, 2010: 54).
In the late twentieth century, demand growth was strongly low. In contrast, the twenty –first century
saw a boom in demand. For instance, Tata bought weaker players internationally, such as NatSteel in
2004, which was Tata Steel's first overseas acquisition, and the Anglo – Dutch giant Corus in April
2007. Through the investment in Corus, Tata has created a manufacturing and marketing network in
Europe, South East Asia and the pacific – rim countries. These acquisitions were also the result of
using a strategy of

Tata Steel Project
INTRODUCTION
Tata Steel, formerly known as TISCO and Tata Iron and Steel Company Limited, is the world 's
sixth largest steel company, with an annual crude steel capacity of 31 million tonnes. It is the largest
private sector steel company in India in terms of domestic production. Ranked 258th on Fortune
Global 500, it is based in Jamshedpur, Jharkhand, India. It is part of Tata Group of companies. Tata
Steel is also India 's second–largest and second–most profitable company in private sector with
consolidated revenues of Rs 1,32,110 crore and net profit of over Rs 12,350 crore during the year
ended March 31, 2008. Backed by 100 glorious years of experience in steel making, Tata Steel is
among the top ten steel producers in the world ... Show more content on Helpwriting.net ...
In 1973, the Steel Authority of India Ltd. (SAIL) was created as a holding company to oversee most
of India 's iron and steel production.
COMPANY PROFILE
Established in 1907, it is the first integrated steel plant in Asia and is now the world`s second most
geographically diversified steel producer and a Fortune 500 Company. Its main plant is located in
Jamshedpur, Jharkhand, with its recent acquisitions; the company has become a multinational with
operations in various countries. The Jamshedpur plant contains the DCS supplied by Honeywell.
The registered office of Tata Steel is in Mumbai. The company was also recognized as the world 's
best steel producer by World Steel Dynamics in 2005. The company is listed on Bombay Stock
Exchange and National Stock Exchange of India, and employs about 82,700 people (as of 2007).
Tata Steel has a balanced global presence in over 50 developed European and fast growing Asian
markets, with manufacturing units in 26 countries. It was the vision of the founder; Jamsetji
Nusserwanji Tata., that on 27th February, 1908, the first stake was driven into the soil of Sakchi. His
vision helped Tata Steel overcome several periods of adversity and strive to improve against all
odds. Tata Steel`s Jamshedpur (India) Works has a crude steel production capacity of 6.8 MTPA
which is slated to increase to 10 MTPA by 2010. The Company also has proposed three Greenfield
steel projects in the

Tata Steel Strategy
| 2010 | | Strategic Management6BUS0118Coursework n°1Tata Steel |
[Tata Steel : Global Player, Product Pionner & corporate citizen] | |
Albi Fabien ID : 10250446 Main body : 3840 words
Chopin Christèle ID : 10250448 Appendix 1: 1916 words
Fattah–Ahmad Mohamad ID: 09282458
Jandos Meier ID: 09282355
Loridan Nicolas ID: 10250449
Albi Fabien ID : 10250446 Main body : 3840 words
Chopin Christèle ID : 10250448 Appendix 1: 1916 words
Fattah–Ahmad Mohamad ID: 09282458
Jandos Meier ID: 09282355
Loridan Nicolas ID: 10250449
Table of contents
Introduction 2
The Environment of Tata steel 3 Macro environment of Tata steel 3 Steel industry 5
Strategic Capabilities 7
Tata Steel's ... Show more content on Helpwriting.net ...
Macro environment of Tata steel
The macro environment of the steel industry can be explored with the PESTEL framework
(Appendix I, 1.2) in order to identify how future trends in the political, economic, social,
technological, environmental and legal environments might influence Tata steel.
PESTEL Framework Political * Instability in Bangladesh, Mozambique, Iran, Thailand (where Tata
steel have investments) * Important role of state in steel industry(in India) * Increased infrastructure
spending by Indian government * Reforms of 1991 and liberalization in India (no trade restrictions) |
Economic * Financial crisis and impacts on the capital markets : volatility, affected liquidity, higher
risk perception * Decline of exchange rate for US dollar * Recession in western Europe * Downturn
in industries such as automobiles, construction, energy... * Influence of energy prices | Social *
Importance of corporate social responsibility * Importance of development of welfare in developing
countries * Health and safety problems * Role of men and women | Technological * Steel making
process complex * Innovations & technological developments * Skills required to make

different types and grades of steel * New technologies related to environmental protection * New
production technique: use of artificial intelligence in operations * New products: new types of steel

Continous Improvement As A Business Strategy
CONTINOUS IMPROVEMENT AS A BUSINESS STRATEGY
The case study focuses on Corus, Europe 's second largest steel manufacturing company and their
efforts in following the path of Continuous Improvement to produce quality product in a timely
manner by streamlining their processes and reducing the wastage of resources. Corus is a subsidiary
of Tata Steel, one of world 's top ten steelmakers.
In their own words, Corus aspires to be the world 's steel industry benchmark for value creation and
corporate citizenship. Corus is a leading supplier to most of the demanding markets around the
world including construction, automotives, packaging, mechanical and electrical engineering, metal
goods, and oil & gas. With innovation and continuous improvement ... Show more content on
Helpwriting.net ...
What is Continuous Improvement?
Continuous improvement, with respect to organizational quality and performance, focuses on
improving customer satisfaction through continuous and incremental improvement processes,
removing or minimizing unnecessary activities and delays in product delivery and also minimizing
defects in the products being delivered. Several organizations have gained a competitive edge by
implementing Kaizen, commonly known as continuous improvement (CI).
The philosophy of Kaizen was spearheaded by Masaaki Imai, and is constituted of two words, kai
which means 'change ' and zen which means 'good ' as well as 'wisdom '. Hence we can conclude
that Kaizen implies 'changes for the better ' and covers all processes in an organization like
Engineering, Information Technology, Finance, Procurement and Supply, Customer Service and
Manufacturing.
CI can be initiated either at Top Management level or at Process level based on effective feedback
system. The most important factor is that, all employees should be responsible to make
improvements and must work together to identify the steps needed to improve the efficiency of the
overall process, in an iterative manner. This requires thorough supervision, flexible work force and

Business Ethics : Tata Steel Group
Abstract
The purpose of this study is to highlight on the different
Introduction
Tata Steel is the second largest steel producer in Europe and has its main steelmaking plants in the
UK and Holland. It supplies steel and related services to major industries, such as construction,
vehicle production and packaging. The European operations are a subsidiary of Tata Steel Group,
one of the world's top ten steel producers. The combined Group has around 80,000 employees.
Ethics in business
Business ethics
Business ethics means 'taking the right course'. Acting ethically takes into account all the factors of
doing business. These include production, business processes, and the company's behaviour with its
customers and the communities in which it operates. It is about doing the right thing in everything
the company does.
A commitment to environmentally–sound practices is part of many businesses' commitment to act
responsibly. Social responsibility refers to an organisation's obligations to maximise its long–term
positive impacts and minimise its negative impacts on society. For Tata Steel, it is a core part of its
vision to be 'the global steel industry benchmark for value creation and corporate citizenship.'
Tata Steel is committed to tackling the challenges of sustainability. This means that it takes its
responsibility towards both the environment and its communities seriously, balancing these against
the need to make a profit. It has put systems in place to meet

Financial Analysis Of JSW Steel Ltd
BASICS OF ACCOUNTING
JSW Steel(India)Ltd.
Research on Financials of the Company
Working Group L1 Ankit Pandey(14F209)
Karthik Reddy(14F226) Mumal Rathore(14F233)
Pallavi Bagul(14F236) Yash Rao(14F262)
17/09/2013
A Report on the Financial Analysis of JSW Steel Ltd., a company of JSW Group
Company Background
JSW Group
Founded in 1982, the $11 billion JSW Group is one of India's leading business conglomerates. The
group has businesses in various core sector of India including two listed Companies traded in NSE
& BSE. JSW Group has diversified interests in Steel, Energy, Minerals and Mining, Aluminum,
Infrastructure and Logistic, Cement and Information Technology. ... Show more content on
Helpwriting.net ...
Ltd, JSoft Solutions Limited, JSW Foundation and JSW Cement.
JSW Steel Ltd.
JSW Steel Ltd belonging to the Jindal Group was incorporated in the year 1982. Jindal Iron & Steel
Co Ltd (JISCO) promoted Jindal Vijayanagar Steel Ltd, which was renamed as JSW Steel Ltd. in
1982.
JSW Steel Ltd. is part of the $11billion JSW Group and is the India's largest private sector steel
manufacturing company in terms of installed capacity i.e. 14.3

Tata Steel Corporate Social Responsibility
As a responsible corporate citizen, the Company supports the "Green Initiative" taken up by the
Ministry of Corporate Affairs, enabling electronic delivery of documents and discouraging paper for
official purposes. Safety, Health and Environment Committee of the Company follows the Green
Initiative and tries to contribute in saving nature as much as they can.
CASE ANALYSIS:
PART – I
March 3 was a special day – the 150th birth anniversary of Jamshedji Tata, founder of Tata steel
company. The day was intended to be grand celebration but turned out to be a disaster as fire broke
into the party venue.
The fire came into noticed when it was spread to the false ceiling under the tarpaulin. The
management people announced that people should ... Show more content on Helpwriting.net ...
Tata Steel, Company Profile http://www.tatasteel.com/
Tata Steel Europe Limited, Sustainability: Our Communities
https://www.tatasteeleurope.com/en/sustainability/communities
Tata Steel, Annual Report 2015–16, Annexure 3 – Corporate Social Responsibility Activities
http://www.tatasteel.com/investors/annual–report–2015–16/html/corporate–social–responsibility–
activities.html
Tata Steel (2001, August 10), Tata Relief Committee Provides Relief to Orissa Flood Victims
http://www.tatasteel.com/media/newsroom/press–releases/india/2001/tata–relief–committee–
provides–relief–to–orrisa–flood–victims/
Tata Steel (2017, November 7), Tata Steel at Noamundi facilitates hockey training for girls in
association with Hockey Australia http://www.tatasteel.com/media/newsroom/press–
releases/india/2017/tata–steel–at–noamundi–facilitates–hockey–training–for–girls–in–association–
with–hockey–australia/
Tata Steel (2010, June 4), Tata Steel unveils Nationwide Environment Awareness Campaign
"Greenfection"

Nucor Corporation Case Essays
Assignment #4: HRM Issues/Diversification Strategies: Nucor Corporation
Strategic Management, Business 599
Introduction In this paper, we will present an analysis of Nucor Corporation in Case # 10 (Arthur,
Strickland, & John, 2010). The paper will discuss the trends in steel industry and how it may impact
Nucor's strategy. In addition, the paper will describe the organizational and management philosophy
at Nucor. Furthermore, the paper will identify 3 HRM issues related to strategy implementation and
recommend actions to address these issues. Recommendation whether a related or unrelated
diversification should be used will also be discussed. Finally, we will be looking at Organizational
structure issues the company ... Show more content on Helpwriting.net ...
manufacturing GDP. The industry has undergone a major transformation since its recession during
the late 1980s, investing in new process and product technologies and closing older mills. Today's
steel industry is technologically sophisticated, employing over 189,000 American production
workers in jobs paying about 55% above the average for all U.S. manufacturing. The United States
is the largest steel producer in the world, producing 112 million tons of raw steel in 2000, 12% of
total world production. The industry has recently experienced large levels of imports because of
world steel overcapacity resulting from economic downturns in Asia. The industry's return on sales
for the year 2000 was –2.8%.] Nucor's strategy focused on two major competencies: building steel
manufacturing facilities economically and operating them productively. The company's hallmarks
were continuous innovation, modern equipment, individualized customer service, and a commitment
to producing high–quality steel and steel products at competitive prices. Nucor was the first in the
industry to adopt a number of new products and innovative processes, including thin–slab cast steel,
iron carbide, and the direct casting of stainless wire. Nucor's analysis will primarily focus on
management's ability to allocate resources while cutting costs and competing in international
markets. The industry itself does not allow for product differentiation or immense

Case Study Of Tata Steel And Corus Group
Tata Steel acquired Corus Group in April 2007 for £6.2bn. Tata Steel is India's largest private sector
steel company with 2005/06 revenues of US$5.0 billion and crude steel production of 5.3 million
tons across India and South–East Asia. Corus Group is Europe's second largest steel producer with
annual revenues of over £9.2 billion and a crude steel production of 18.2 million tons in 2005. This
is an interesting acquisition as the acquired company was almost four times the size of the acquirer
in terms of revenue. The combined entity became the fifth largest steel company in the world. The
acquisition allowed Tata Steel entry into the European market. This deal follows the merger of
Arcelor–Mittal forming world's largest steel company. It is the biggest deal ever from an emerging
market. The deal is a powerful combination of low cost upstream production in India with the high
end downstream processing facilities of Corus. The deal occurred through 9 rounds of competitive
bidding between Tata Steel and ... Show more content on Helpwriting.net ...
In 2014–15, the share was down to 57.3 percent. While Tata Steel group witnessed a 6 percent
growth in turnover over the period, Tata Steel Europe saw a 20 percent decline in turnover. Clearly,
Tata Steel Europe has been a drag on the group. As far as operating profit is concerned, Tata Steel
group saw a decline of 30 percent between 2007–08 and 2014–15. Tata Steel Europe, meanwhile
witnessed a sharper 53 percent decline. In 2007–08, a year before the global financial crisis started,
the foreign subsidiary had a 50 percent contribution to overall Ebitda. The business never went back
to that level of operating profit after that. The share in 2014–15 stood at 33.6 percent. In 2015–16 up
to December, the group's consolidated EBITDA stood at Rs 11,165 crore. Tata Steel Europe,
meanwhile, reported an operating loss of Rs 339

Design and Manufacturing Plan of a Jominy Testing Device
JOMINY TEST Design & Manufacturing Plan of a Jominy Testing Device Bachelor 's thesis
Mechanical Engineering & Production technology Riihimäki 2012 James Alison Orivri
ABSTRACT Unit Name of degree programme Option Author Jominy Test James Alison Orivri
Year 2012 Design & Manufacturing Plan of a Jominy Testing Device ABSTRACT The purpose of
this work is to make one of the many heat treatments devices– Jominy end quenching testing
machine of manufacturing processes. In the process, cases and related topics are going to be
considered; necessary information to give the reader in–depth knowledge and understanding into the
issue will be elaborated. The idea of this project is to design a Jominy end quench testing machine ...
Show more content on Helpwriting.net ...
7 Hardenability In Jominy Test .............................................................................. 8 Advantages &
disadvantages of Jominy Test ................................................... 10 Testing Procedure
.............................................................................................. 10 Uses of hardenability values
............................................................................. 13 Effects of alloying and microstructure
.............................................................. 13 2.8.1 Carbon
................................................................................................... 14 2.8.2 Other alloying elements
......................................................................... 15 2.8.3 Boron
..................................................................................................... 15 2.9 Grain
size........................................................................................................... 15 2.10 How to produce the
result ................................................................................. 16 2.10.1 Contourplots
.......................................................................................... 16 3 DESIGN PLAN OF JOMINY
TESTING MACHINE ............................................. 18 3.1 Basic concept of the design
............................................................................... 18 3.1.1 Design standardization

Nucor
INTERNATIONAL BUSINESS SCHOOL
UNIVERSITI TEKNOLOGI MALAYSIA
CITY CAMPUS, KUALA LUMPUR
HUMAN RESOURCE MANAGEMENT
GROUP ASSIGNMENT
Case 3: The Art of Motivation
NUCOR
LECTURER:
ASSOC. PROFESSOR DR ROSMINI OMAR
|CHAN LI WUEN |MR 091104 |
|rashidah yusof khan |MR 091070 |
|SURAYA IZANI BINTI KAMARZAMAN |MR 081152 |
|PrAveen nagaraja ... Show more content on Helpwriting.net ...
In order to sustain its competitiveness and profitability, Nucor shall consider going global.
Generally, the criteria needed for Nucor to go global are intellectual capital, psychological capital
and social capital.
Next, Nucor have to implement 5 new strategies to make it more global which are playing big in
major markets, standardizing the core product, concentrating value–adding activities in a few
countries, adopting a uniform market positioning and marketing mix and integrating competitive
strategy across countries. Then Nucor shall plan the company human resource by implementing
strategies like centralization of global authority, domestic/international split and mixture between
the local and current manager.
In short, looking at the good culture that Nucor have now (i.e. performance based culture,
teamwork, ownership mindset, good pay system, knowledge based etc.), there is no doubt that
Nucor can be successful abroad.
2. CASE OVERVIEW The case NUCOR : The Art of Motivation holistically describes how

NUCOR is able to manage people, strategize its business and adapt to changing economy situation.
In the case study, NUCOR is described as a company that runs business on 3 separate segments
which are Raw Materials, Mill Operations and products developed out of steel. The management
style at NUCOR is particularly remarkable. Its flattened management landscape poses and
empowerment to both front liners of its mills and the ability of

Tata Steel Group, Their Ecological And Health Hazards
Dynamic
The reason for this study is to highlight on the basic parts of any business, breaking down the three
distinct parts of Tata steel Group, their ecological and Health hazards, their Business Ethics, their
employment and destinations security lastly their staff wellbeing. Tata attempted to employ an outer
organization to convey and cover the three dangers at their destinations and the outcome was
promising to the point that the organization is having now a more streamlined, yet greatly expert and
hearty, security arrangement set up and things are solid for the future crosswise over Europe.
Presentation
Tata Steel is the second biggest steel maker in Europe and has its principle steelmaking plants in the
UK and Holland. It supplies steel and related administrations to significant commercial enterprises,
for example, development, vehicle generation and bundling. The European operations are a backup
of Tata Steel Group, one of the world 's main ten steel makers. The consolidated Group has around
80,000 workers. (http://www.referenceforbusiness.com/administration/Log–Mar/Management–
Functions.html)
The Tata Steel Group is one of the world 's most topographically differentiated steel makers, with
operations in 26 nations and business workplaces in
more than 50 nations. The Group serves various and requesting markets
around the world, including car, development, vitality and power, lifting and
exhuming, rail, bundling, aviation, safeguard and security and

Tata Steel Operation Strategy
Book Reviews
BENJAMIN LEV
School of Management The University of Michigan–Dearborn 4901 Evergreen Road Dearborn,
Michigan 48128–1491
% jr
&
I ^ X
^ X
f.– M
0
The range of books reviewed is wide, covering theory and applications in operations research,
statistics, econometrics, mathematics, computers, and information systems (no software is
reviewed). In addition, we include books in other Helds that emphasize technical applications.
Publishers who wish to have their books and proceedings reviewed should send them to Professor
Benjamin Lev, School of Management, The University of Michigan–Dearborn, 4901 Evergreen
Road, Dearborn, Michigan 48128–1491, BLev@FOB–Fl.UMD.UMICH.EDU. We list the books
and proceedings ... Show more content on Helpwriting.net ...
Tata Steel Tata Steel is the largest steel producer in India. The main project described is the
development of a model for adjusting the mix of products to compensate for different levels of
power shortages at various times in the day. Prior to describing this project, the presenters show how
they used a productmix model to improve profitability, comparing its results to those of their
previous strategy of maximizing output. The electricity shortage model built on this one with the
added element of incorporating the fixed costs associated with the adjustments necessary to
compensate for a lack of power. The value in this tape is at several levels. The users of the model
make the point that they were skeptical that anyone in management science could tell metallurgists
how to improve their operation of a steel plant.

Juiy–August 1996
79
LEV
The speakers do a good presentation on the use of sensitivity analysis to determine how much scrap
to buy as a function of the price of scrap. Seeing this tape is as valuable for future managers in the
developed countries as it is for those in less developed countries: developed countries have no lock
on either knowledge or technology, and not using the available tools of management science will
hurt firms operating in highwage areas of the world when faced with competition that not only pays
lower wages but also uses sophisticated

Cost Leadership Strategy: Tata Steel And Corus Dequisition
One strategy for Tata Steel to improvise its strategic management is business–level strategy.
Business–level strategy are intended to create differences between the firm's position relative to
those of its rivals. Differentiation and cost leadership are distinct strategic positions.
The goal of a differentiation strategy is to increase the perceived value of goods and services so that
customers will pay a higher price for additional features. While the goal of a cost–leadership
strategy is to reduce the firm's cost below that of its competitors. Differentiation strategies can
differentiate based on superior quality and unique features, image of prestige. A company that uses
differentiation strategy can achieve a competitive advantage as long ... Show more content on
Helpwriting.net ...
One of them was achieving cost leadership strategy. The deal between Tata Steel and Corus was one
involving two major steel producers in the world. After the acquisition, the total amount of steel
produced by Tata Corus combined allowed Tata Steel and Corus to move up to the sixth rank in
terms of global production. Few of the ways in which Tata Steel and Corus deal allowed a cost
leadership strategy are control of production and overhead costs and minimization of marketing and
Research and Development cost. Tata Steel are control of production and overhead costs. The deal
allowed large amounts of production facilities under one entity which allowed Tata–Corus to
achieve economies of scale. As a result of which various costs related to production of steel could be
reduced. For minimization of marketing and Research and Development cost, Corus ideally has a
good stronghold in Europe especially United Kingdom. Tata steel has a good stronghold in the
Indian subcontinent. The deal allowed both the companies to expand their presence geographically.
As a result of which marketing costs decreased to a great extent. There also was exchange of
technical knowledge related to steel production which further led to a reduction in Research and
Development

PEST Analysis: Pest Analysis Of Tata Steel
Analysis of Tata Steel
Tata Steel, established in 1907, is one of the world's most geographically diversified steel producers,
with operations in 26 countries and commercial offices in over 35 countries. Tata Steel, part of the
Tata group, based in Mumbai, has exploits in various categories including tea, automobiles,
communications, power and salt. It is estimated that the Tata Steel group produces 31million tonnes
of Steel per year. Tata steel is the second largest steel producer in Europe, with the level of global
steel production currently over 1bn tonnes, which is expected to increase to 1.5bn tonnes by 2015–
2020. To expand from India into the global marketplace Tata Steel has made numerous acquisitions
including Millennium Steel in 2005, Nat steel in 2004, and Corus Steel in 2007. Tata ... Show more
content on Helpwriting.net ...
As part of their business expansion, Tata Steel made some high risk investments in countries such as
Bangladesh, Iran. For example: the plan set up in the Bangladesh is getting delayed by the question
of gas supply, whereas the issue of lease of the mining of the iron ore in the Iran country is
responsible for the increase in the cost of the production.
2. By improving the infrastructure of the country, Tata Steel and other steel companies can save
some amount, as they spend huge amounts on the freight and transportation.
3. There are no quantitative restrictions on import of iron and steel items. The only mechanism
regulating the imports is the tariff mechanism .Advance Licensing Scheme allows duty free import
of raw materials for exports. Iron and Steel industry has been included in the list of `high priority'
industries for automatic approval for foreign equity investment up to 100%. Price and distribution of
steel were deregulated from January 1992.
4. The government acts as a resource allocator (the mining policies of the Government), as
Competitor (the public sector steel companies) and as Regulator to TATA Steel.

Sustainability Of Tata Steel
INTRODUCTION
Most of the Top performing companies in India and around the world have increased their focus on
sustainability and improved their current efforts around reduction of emissions, water, energy,
climate change and waste management. We know that according to Brundtland definition of
Sustainable Development "a development that meets the needs of the present without compromising
the ability of future generations to meet their own needs", Tata Steel is a good example for this
definition. [1]
Tata Steel was established in Jamshedpur in 1907, under the supervision of Jamsetji N. Tata, is today
a global business enterprise having services and products in more than 150 countries and have
employees spread across five continents, and they are world's second–most geographically
diversified steel producer. Tata Steel is among the top global steel companies in the world.
Sustainability is one of the important aspects of the culture of Tata Steel. The founder of Tata group,
JN Tata's belief that "the community is not just another stakeholder in business, but the very purpose
of our organization's existence." In the span of few years, Tata Steel company has taken the top
position in the world of industry in many aspects and has been recognized as a top leader in many ...
Show more content on Helpwriting.net ...
In recent years, Tata Steel's CSR programs have implemented a different and a new approach
towards development and improvement of most of the programs and initiatives that are designed and
is delivered through grassroots engagements within village panchayats. The key aspects of
sustainability approaches are mentioned below refer Figure (1):
1. Stakeholder engagement
2. Corporate sustainability team
3. Participation in national and international forums
4. External expert's

Iron and Steel Industry
1. INTRODUCTION
1.1 Field Of Research
The field of research is to study the factors which affect the profitability of IRON AND STEEL
industry, which is the most crucial element for the growth of any developed or developing economy.
It acts as backbone of human civilisation. It is a product of a large and technologically complex
industry having strong forward and backward linkages in terms of material flows and income
generation. With regards to Indian Economy it is one of the most energy intensive sectors. Increase
in productivity can be achieved through cleaner technologies and manufacturing process which will
help in merging Economic, Social and Environmental Objectives. Many companies in the past many
years have undergone mergers ... Show more content on Helpwriting.net ...
Export restrictions were eliminated 3. Import tariffs were reduced from 100 percent to 5 percent 4.
Decontrol of domestic steel prices 5. Foreign investment was encouraged, and the steel industry was
part of the high priority industries for foreign investments and implying automatic approval for
foreign equity participation up to 100 percent. 6. System of freight ceiling was introduced in place
of freight equalization scheme.
As a result, the domestic steel industry has since then, become market oriented and integrated with
the global steel industry. This has helped private players to expand their operations and bring in new
cost effective technologies to improve competitiveness not only in the domestic but also in the
global market. Private sector contribution in the total output has since been increasing in India.
Development of private sector has caused high growth in all aspects of steel industry that is
capacity, production, export and imports. During the last decade more than 12 Mt of capacity has
been added in the steel industry, this is mostly in the private sector. Recently, the steel industry is
receiving significant foreign investments such as POSCO South Korean steel producer and Arcelor–
Mittal Group UK/Europe based steel producer announcing plans for establishing about 12 Mt
production units each in India.
2.2 AN OVERVIEW
Today IRON AND STEEL industry is facing a slowdown due

Business Strategies And Hr Management Strategies Of Tata...
2 Introduction
In today 's changing business environment, Human Resource Management is being evaluated as one
of the major differentiating factors between successful and unsuccessful organizations. HR
management is a very new area of study especially in comparison to law, economics or sociology.
However, there is no need to prove the relationship between the performance of organization and
HR management. It is obvious that HR management has critical impacts on the productivity of
organizations. So in the first part of this paper competitive business strategies and HR management
strategies of Tata Steel Europe are going to be investigated. In addition to these, people and
organizational challenges which can be encountered by Tata Steel ... Show more content on
Helpwriting.net ...
Also values should be evaluated by organizations as enduring and essential guiding principles, and
excellence, understanding, responsibility, integrity and unity are values of Tata Steel. In addition to
these Tata Steel Europe identifies customer focus, innovation, operational excellence, responsibility
and people as a mission and strategic priority.
3 HR Strategy of Tata Steel Europe
3.1 Competitive Business Strategy
Competitive strategies are neccessities for companies which are operating in markets that provide
wide range of alternatives to consumers. Organizational strategies can be accepted as a plan for
interacting with the competitive business environments to achieve organizational goals. In this part
of the paper competitive business strategies of Tata Steel Europe are going to be evaluated according
to different strategy models. Market Universe is accepted as a composition of two kinds of oceans:
red oceans and blue oceans. In red oceans, there is a cutthroat competition in the markets and supply
of products is greater than the demand. It leads to price wars and shrinking profit margins. Also
globalization is something which makes red oceans stronger, thanks to increasing globalization any
products and prices can become instantly and globally available. In red oceans purpose

Ethical Principles Of Tata Steel
The General Manager of OMQ Mr.Pankaj Satija has a say on this initiative that "Sports is a way of
life of Tata steel." And Tata steel believes that Jharkhand has provided with some fine international
hockey players to the Indian hockey team so it has chosen Noamundi as its ground to encourage
rural talents.
A Nationwide Environment Awareness Campaign "Greenfection"
In June 2010, Tata steel launched its environmental campaign "Greenfection" in order to spread the
knowledge about need to save environment among the citizens.
The launch was marked by Green lightning of184–ft high grand white structure, Victoria Memorial
and 17–storey Tata centre– icons of Kolkata.
It has also joined hands with WWF (world wide fund for nature– India) to use their ... Show more
content on Helpwriting.net ...
Tata Steel group believes that by achieving its goals of value creation, safety, environment and
people, it can become the global steel industry benchmark. Corporate governance guidelines ensure
that the Board will have necessary authority to review and evaluate Company's operations;
moreover these guidelines let the Board to make the decision independent of the Management. The
Board comprises of 11 members, including one woman member.
The Nomination and Remuneration Committee works with the Board to determine appropriate traits
for the Board as a whole as well as individual member, so as to have the Board with diverse
background and experience in business. All the new Independent Directors are given orientation as a
part of familiarisation programme. Average of 50 hours was invested by the company in the IDs in
the year of 2016 to get them acquainted with the Company's strategies, operations, products

Automobile Car Body Is Made From Other Grades Of Low Alloy...
1.0 INTRODUCTION
Automobile car body is made from various grades of low alloy and low carbon steels that are prone
to corrosion in the absence of proper surface protection [1,2]. Therefore, car body is traditionally
coated with primer, followed by paint for better corrosion resistance. However, due to process
complication, design intricacy and other issues, it is often observed that despite of applying several
layers of primer and paint on the car body, it suffers from General, Pitting, and Crevice corrosion.
When such corrosion occurs within the warranty period, it usually costs the car manufacturer
significantly and more importantly, it results in bad customer experience. The success of automobile
industries depends on keeping the customer satisfied with quality of product and services. Therefore,
it is highly imperative that such problems are identified at an early stage and find effective solutions
to mitigate them efficiently.
Cold rolled steel sheets remained the most widely used car body material. However, to meet the
future energy efficiency requirement of automobiles, automobile industries will have to look for
optimum way in designing and usage of steel sheets. The standard TS–4011 summarizes the
additional requirement for cold rolled sheets for critical auto body components and outer panels. In
general, steel alloy must have high formability and high strength. In addition, car body material
must have good joining characteristics. It is a common observation

Indian Steel Industry
INTRODUCTION
Indian Steel Industry
India's economic growth is very much dependent upon the growth of the Indian steel industry. One
of the major indicator of economic development has always been the consumption of steel. Steel is
an essential element in sectors such as housing, construction and land transportation, special steel's
use is growing in engineering industries such as power generation, petrochemicals and fertilizers.
India is at the central position on the global steel map, with the establishment of new steel mills,
continuous modernization and upgrading old plants, improving backward integration and energy
efficiency.
Steel production in India has increased by a compounded annual growth rate (CAGR) of 8 % over
the period 2002–03 to 2006–07. Growth in India is subjected to be higher than the world average, as
the per capita consumption of steel in India, at around 46 kg, whereas the world average (150 kg)
and that of developed countries (400 kg). Indian demand is projected to rise to 200 million tonnes by
2015. Considering the strong demand scenario, most global steel players are aiming for a major
expansion, either through Brownfield or Greenfield route. By 2020, steel production capacity in
India is expected to touch 275 million tones. Greenfield projects and Brownfield projects are
estimated to add 28.7 million tones and 40.5 million tones respectively to the existing capacity of 55
million tonnes.
The growing consolidation in the steel industry

Structural Weakness And The Hull Of The Titanic
Structural Weakness in the Hull of the Titanic
Abstract
This document will explore the structural weakness in the hull of the RMS Titanic. I will also
explore the background information and different types of modern day steels compared to that of the
hull of the RMS Titanic. After research, I will report these events and my findings in formal report
format.
All the information I find about the weaknesses of the hull will be reported using information from a
number of sources. They will be referenced using the Harvard referencing system in the document.
They will be used and referenced from in chronological order in the typical report style format. The
references will be listed in alphabetical order at the end of this report document. This document will
be laid out using headers to divide up the different sections that I will explore and report on. All the
sections will be explored and described to cover the information required to report upon the topic of
this account. The main sections I will explore will be an Introduction and about the RMS Titanic's
maiden voyage, an analysis of the materials used in the construction of the RMS Titanic, the effects
that temperature has on the materials especially metals, the different compositions of the steels and
how that effects the material's properties and I will also be comparing the steels used in the
construction of the RMS Titanic's hull with the steel used to construct lock gates and the modern
equivalent structural steel

Steel Industry
Analysis of Indian Steel Industry
Submitted by: Purvi Tibrewalla Roll 146, Sec B.
Submitted to: Ms. Paramita Sarkar
1
DECLARATION
I hereby declare that the work presented in this Project entitled "Analysis of Indian Steel Industry"
submitted to Ms. Paramita Sarkar full–time faculty at Smt. J.D.Birla Institute (Department of
Management), Kolkata is an authentic record of my original work. The total word count of this
paper is 18113 words.
Purvi Tiberewalla
2
ACKNOWLEDGEMENT
"A student is always incomplete without the guidance of his teachers."
The successful completion of a task is incomplete without mentioning the name of the person who
extended his help and support in making it a success. Firstly, I would like ... Show more content on
Helpwriting.net ...
20 III.2. Steel production processes ................................................................................. 22 III.3.
Types of steel ....................................................................................................... 24 III.4.
Components of the cost of production .............................................................. 25 IV. Institutional
Design ............................................................................................... 27 IV.1. Introduction
........................................................................................................ 27 IV.2. Policy regime for the
Steel sector in India........................................................ 28
5
IV.3. Role of Government ........................................................................................... 29 V.
Performance of the Indian Steel Industry ............................................................ 30 V.1. Production

of Steel ............................................................................................... 30 V.2. Steel Producers In India
...................................................................................... 32 V.3. Export and Import Of Steel
................................................................................ 33 VI. Industry Analysis36 VI.1. Michael Porter's
Five Forces Model

Profitability Analysis of Steel Industry
Industrial Organization and Competitive Strategy
Analysis of competitive advantage of Tata Steel in the Indian Steel Industry.
Submitted by:–
Himanshu Singh, G12024
Paul Jacob, G12034
Aninda Goswamy, G12008
Objective:
This study has multiple goals:–
1. To find out if Tata Steel does enjoy a competitive advantage vis–à–vis other players in the Steel
industry in India.
2. To ascertain the source of this competitive advantage.
3. Find out if this competitive advantage is sustainable.
Industry Overview
India today is one of the topmost producers of steel in the world. With the industry attributes like
low cost manpower and abundance of iron ore and coal reserves India today is a highly competitive
market. The reasons for ... Show more content on Helpwriting.net ...
* International steel conglomerates may look to partner with local players with capacities in the
range of 0.5 million tons to 2 million tons
Company Profile: TATA Steel
Tata Steel is one of India's largest steel organizations. Established 1907 in Mumbai as "TATA IRON
AND STEEL COMPANY" it has a production capacity of 40 Mn. tonnes a year. It is also world's
sixth largest steel company. With a presence in more than 60 + countries and manufacturing units in
30+ countries the company can be called truly global.
It is india's largest private sector steel organisation in terms or domestic production. Tata Steel is
also India 's second–largest and second–most profitable company in private sector in terms of
consolidated revenues. Its main plant is located in Jamshedpur, Jharkhand, with its recent
acquisitions, the company has become a multinational with operations in various The company was
also recognized as the world 's best steel producer by World Steel Dynamics in 2005.In the year
2000,the company was recognised as the world 's lowest–cost producer of steel. The company

manufactures finished steel, both long and flat products like hot and cold rolled coils and sheets,
galvanized sheets, tubes, wire rods, construction re–bars, rings and bearings. The company markets
its products in brands like "Tata Steel, Tata Tiscon,

Essay On Steel Acquisition
Tata Steel acquired Corus Group in April 2007 for £6.2bn. Tata Steel is India's largest private sector
steel company with 2005/06 revenues of US$5.0 billion and crude steel production of 5.3 million
tons across India and South–East Asia. Corus Group is Europe's second largest steel producer with
annual revenues of over £9.2 billion and a crude steel production of 18.2 million tons in 2005. This
is an interesting acquisition as the acquired company was almost four times the size of the acquirer
in terms of revenue. The combined entity became the fifth largest steel company in the world. The
acquisition allowed Tata Steel entry into the European market. This deal follows the merger of
Arcelor–Mittal forming world's largest steel company. It is ... Show more content on Helpwriting.net
...
In 2014–15, the share was down to 57.3 percent. While Tata Steel group witnessed a 6 percent
growth in turnover over the period, Tata Steel Europe saw a 20 percent decline in turnover. Clearly,
Tata Steel Europe has been a drag on the group. As far as operating profit is concerned, Tata Steel
group saw a decline of 30 percent between 2007–08 and 2014–15. Tata Steel Europe, meanwhile
witnessed a sharper 53 percent decline. In 2007–08, a year before the global financial crisis started,
the foreign subsidiary had a 50 percent contribution to overall Ebitda. The business never went back
to that level of operating profit after that. The share in 2014–15 stood at 33.6 percent. In 2015–16 up
to December, the group's consolidated EBITDA stood at Rs 11,165 crore. Tata Steel Europe,
meanwhile, reported an operating loss of Rs 339

Internal Weakness Of Tata Steel
Internal Analysis of Tata Steel Strengths of Tata Steel
Abundant Resources of iron ore: Tata Steel has abundant resources of iron ore in India and across
the world too in various other countries. They have mines at four locations in India at Noamundi,
Joda , Khondbond, Katamati. All these mines are located in Jharkhand and Odisha.
Noamundi is a world class open cast ore mine equipped with latest technology.
Apart from these Tata Steel has iron ore projects in Canada, Mozambique, South Africa and Ivory
Coast.
Low cost production and cheap labour: Tata Steel has done downward integration and is thus able to
produce steel at low cost due to easy availability of iron ore for its steel plants. Tata Steel also pays
attention to the operational costs.
Global Competitiveness through Mergers ... Show more content on Helpwriting.net ...
In turn electricity production is also dependent on coal. So, coal is the most widely used source of
energy in India for heavy industries. In the scenario of electricity or coal costs rising Tata Steel
would face.
Dependence on manufacture of steel making machinery from abroad : India lags behind on facilities
for producing machinery for steel production to be installed in steel plants. All the steel producing
firms including Tata Steel have to import almost all the machinery and equipment to be installed in
the plants from other countries. This tends to push up the set up costs to be investing while setting
up the plants. China on the other hand has a hub of such capital industries which gives them cost
advantage.
Opportunities for Tata Steel
Huge infrastructure demand: According to a PWC report Asian infrastructure market will be about
60% of the whole world. India is on the path to become the manufacturing hub in its endeavours to
overtake China in that

Cultural, Economic, Political and Industrial Relation...
China, over the last 30 years or so has achieved extraordinary economic growth, leading to gradual
market liberation. Despite this China remains a one nation state with HR practices steeped in
Confucianism, however The Chinese government is committed to supporting outward investment
for companies looking to expand overseas. (IBM, 2006). There are many influences to consider
when deciding which country to invest in, this essay will consider the cultural, economic, political,
and industrial relation factors a Chinese steel factory must consider in deciding whether to open a
new production facility in Britain or Sweden. After considering these issues, based on the evidence
the essay will conclude with a recommendation on which country is ... Show more content on
Helpwriting.net ...
(Hayter, 2011)Indeed workers have had very few rights, although China in response to adverse
publicity have introduced some minimum labour laws (Hollingshead, 2010)
The Scandinavian approach embraced by Sweden is strongly Pluralist (Hollingshead, 2010) which
guarantees freedom of association and is backed by the Swedish constitution. Additionally collective
bargaining agreements play a major role in the employment relationship, with trade unions enjoying
a very strong voice in Sweden (Xpert HR, 2014). In comparison to the UK, Sweden takes its
workers' rights very seriously and many employee benefits are legally enforceable, this along with
laws protecting the rights of trade union members provide significant security and benefits for
workers (Work.Sweden.Se, 2014). Additionally Sweden has extremely centralised and organised
trade Union organisations with a particularly high level of union density, its highly egalitarian
society having low levels of economic inequality but with high levels of state expenditure.
(Upchurch et al, 2009). Mutual respect is the norm between trade unions and employers and with
close links with political parties, however rigid labour laws can inhibit Foreign Investment.
(State.Gov, 2012)
On the other hand, the UK adopts a voluntarist approach to employment regulation and avoids direct
intervention in employment relations, unlike Sweden, trade unions no longer

Iron and S
teelIRON AND STEEL INDUSTRY IN INDIA
Corporate Catalyst India
A report on Indian Iron and Steel Industry
OVERVIEW
1.1 Background The Indian iron and steel industry is nearly a century old, with Tata Iron & Steel Co
(Tata Steel) as the first integrated steel plant to be set up in 1907. It was the first core sector to be
completely freed from the licensing regime (in 1990–91) and the pricing and distribution controls.
The steel industry is expanding worldwide. For a number of years it has been benefiting from the
exceptionally buoyant Asian economies (mainly India and China). The economic modernization
processes in these countries are driving the sharp rise in demand for steel. The New Industrial policy
adopted by the Government ... Show more content on Helpwriting.net ...
This is a growth of 4–5 per cent over the two–year period. However, according to IISI, the cost of
raw materials and energy was to continue to represent a major challenge for the world's steel
industry. Higher production of value–added products, capacity expansion, upgradation of production
process achieveing cost effective production in an environment friendly manner, have been the
major thrust areas of the Indian Iron and steel producers in the recent times. After liberalization,
there have been no shortages of iron and steel materials in the country. 1.4.1 Production of Carbon
Steel The total production of finished carbon steel in the country has been 42.636 million tonnes in
2005–06 as compared to 29.77 million tonnes in 2000–01, indicating an average increase of 57 per
cent. The high share of the secondary sector in finished steel production is largely due to substantial
supplies of semis, the basic feed material from the main producers for conversion to needed shapes
by rolling.
Corporate Catalyst India
A report on Indian Iron and Steel Industry
Production Trend Pig Iron & Carbon Steel
50 In million tonnes 40 30 20 10 0 2002–03 2003–04 Pig Iron 5.3 3.8 3.3 33.7 37
40.1

42.6
18 3.9 1.7
2004–05
2005–06 2006–07*
Finished Carbon Steel
Source: Joint Plant

Corporate Social Responsibility
CORPORATE SOCIAL RESPONSIBILITY (CSR) is a term describing a company's obligation to
be accountable to all of its stakeholder in all its operation and activities. Socially responsible
companies consider the full scope of their impact on communities and the environment when
making decisions, balancing the needs of stakeholder with their need to make profit. A company's
stakeholders are all those who are influenced by and can influence a company's decisions and action,
both locally and globally. Business stakeholders include(but are not limited to) employees,
suppliers, customer, community organizations, subsidiaries and affiliates, joint venture partners,
local neighborhoods, investors, shareholders(or a sole owner in case it is sole ... Show more content
on Helpwriting.net ...
Some would argue that the only reason to take on social projects is for utilitarian reasons, such as
currying favor with the public or with government, or to improve market standing. Others, such as
the philosopher Michael E. Berumen, suggest that a business is property belonging to the owners,
not stakeholders, and that a business is not equivalent to a mini–state for the purpose of creating
social justice or carrying out social planning, and that the owners have the right to dispose of their
property as they see fit within the limits of morality, including for profit, social good, or both.
Proponents of CSR would suggest a number of reasons why self interested corporations, seeking to
solely to maximize profits are unable to advance the interests of society as a whole: Corporations
care little for the welfare of the workers, and given the opportunity will move production to
sweatshops in less well regulated countries. Unchecked, companies will squander scarce resources.
Companies do not pay the full costs of their impact. For example the costs of cleaning pollution
often fall on society in general. As a result profits of corporations are enhanced at the expense of
social or ecological welfare. Regulation is the best way to ensure that companies

Steel Making Methods
Steel Making Methods
| Advantages | Disadvantages | Basic Oxygen Furnaces | * Very high production rates and low
residual element * Does not burn fuel | * Good efficiency requires large amount of pig iron to
continue production. * Requires costly filtering process due to high levels of pollutants produced. *
High refurbishing costs. * High dependence on blast furnace/coking. | Electric Arc Furnaces | *
Minimal emissions/pollution. * Filtering of scrap not necessary. * Easy temperature control. *
Precise alloying. * Economical to use scrap metal. * Contamination free. * Simultaneous deep
deoxidising and desulfurization actions. | * Excessive electricity required. * Requires a steady
supply of scrap ... Show more content on Helpwriting.net ...
Case Hardening Methods
Case hardening crucial for steel components that are subjected to severe or continuous impacts, high
temperatures and high pressures. It is a heat treatment process that produces the required attributes
of a hard, wear and fatigue resistant surface layer whilst maintaining a tough, durable core that
allows for high stress situations. These properties are achieved by altering the chemical,
metallurgical and physical properties of the components exterior without affecting its more ductile
interior. For gears, case hardening is required to prevent pitting and deformation of the gears teeth
under cyclic stresses. This method is preferred to through hardening, which is the uniform hardening
of the entire component, as hardened metal is relatively less ductile and although strong, would not
offer the same degree of toughness desired at its core.
There are several different case hardening techniques used in the manufacturing industry. The
different methods determine which physical properties, (such as surface hardness, strength, ductility,
case depth and wear resistance) the component gets. This can be done by altering temperatures, heat
source, time period, and quench media.
Carburising
This is a diffusion–based process used on low–carbon or mild steels where a component is subjected
to thermochemical phases. The component is packed in a carbon–rich environment at high

Universal Plastic : An Asian Location
Universal Stainless will potentially face some internal and external challenges as it begins the
researching an Asian location to provide stainless steel products to its global customers. These
challenges include determining an Asian location, deciding to build/buy/partner, internal
management, external management, political, economics, leadership, and information services.
Selecting the Asian location requires understanding the local availability of raw materials, plentiful
energy supply, telecommunications infrastructure, available land, transportation infrastructure,
trained workforce, good government, stable politics, low–cost labor, non–represented workforce,
low–cost entry, and reasonable medium–term sustained cost.
Based on an ... Show more content on Helpwriting.net ...
China is becoming the world 's industrial factory, making finished products including clothes,
electronics, foods, and steel (Zheng, Sun, Qi, & Kahn, 2014). Selecting a location for a steel
manufacturing plant requires balancing the attributes of transportation for raw materials, finished
goods, international seaports, and employees. Additionally, because steel production requires large
amounts of energy, the location requires a powerful power generation facility and distribution
platform. Finally, the factory requires a telecommunication infrastructure to support business
communication functions.
According to Zheng, Sun, Qi, & Kahn, (2014), "China 's coastal cities in the Eastern Region provide
excellent access to the global market and are the most attractive location for private manufacturing
firms" (p. 711). With China 's growth, a significant issue in this region is a labor scarcity, which is
increasing the cost of labor. Inland cities are currently attractive for manufacturers because of labor
cost and energy availability (Zheng, Sun, Qi, & Kahn, 2014). For example, inland cities possess an
advantage to other regions because of the availability and price of electric power (Zheng, Sun, Qi, &
Kahn, 2014). Additionally, local inland governments are providing incentives to offset some of the
cost infrastructure issues for companies building factories. Although,

Essay On Tata Steel Limited
INTRODUCTION
The organization that is chosen for this assignment is Tata Steel Limited. Tata Steel Limited is a
supplementary organization of Tata Group which headquarters in Mumbai, India. Tata Steel Limited
specializes in steel making globally. The Tata Steel Limited was founded by Dorabji Tata in 25th
August 1907. The organization had been in operation over hundred years since it been firstly
founded.
Moreover The Tata Steel Limited currently ranked not only as the one of the top twenty steel
production organizations worldwide but also as the second largest private sector steel organization
in India. The Tata Steel Limited has production plants in 26 countries around the globe that includes
Australia, China, India, Netherlands, Singapore ... Show more content on Helpwriting.net ...
Thus, the organization signed a MoU with the Vietnam Steel Corp and Vietnam Cement Industries
in 2007 to develop a steel plant in Ha Tinh as a step to fulfill their venture plan. However, there was
no progression in the venturing process took place in past few years. According to Amruta
Karambelkar (2011), the delay in the development of the steel plant was caused by few reasons. One
of the main reasons was absence of investment license by The Tata Steel Limited. Furthermore, the
land clearance cost for the steel plant was payable by the investor which was not expected since the
investor was expecting the cost to be supported by the Vietnam Government but refused due to
constraints. The reason for the conflict to occur is due to differential treatment whereby project site
was given to the Taiwanese

Why Is Tata Steel Important
Tata Steel:
Tata Steal is one of the largest steel production all over the world. It has an annual steel capacity of
27.5 million tonnes per annum. Tata Steel is the world's second Steel producer which has operations
in 26 countries worldwide. Is has a turnover of Rs 1,17,420 crore (US $18.12 billion). Tata Steel has
74000 employees across all over the world.
Tata Steel plant founded by Jamsetji Tata in 1907. It is situated in Jamshedpur, India's first Steel city.
It is well known for Steel which is growing challenging and changing the world.
Tata steel has an objective of larger geographical area to provide the best service to the customers.
Tata Steel is fast growing company collaborated with European and South east Asian countries. It
has ... Show more content on Helpwriting.net ...
Tata Motors limited shortly named as TELCO (Tata engineering and Locomotives), which is
worldwide and their product are manufactured according to the customer preference like
commercial cars, sports cars, vans, trucks, buses, military vehicles and construction equipments.
Tata Motors is the market leader. it is known for commercial vehicles and the top three in passenger
vehicles in the world . It is the world's fourth largest bus and fifth truck manufacturer company. Tata
Motors passenger vehicle and commercial vehicles are being marketed in several parts of the
countries like Africa, Europe, South Asia, the Middle East, South America, South East Asia, CIS and
Russia. Tata Motors has a Joint Venture/ franchisee assembly operation in Ukraine Senegal and
Bangladesh.
Tata Motors founded in 1945, headquarter in Mumbai, India. It has 4500 engineers, research and
development centre in India, Italy, Spain, UK, and South Korea. it has worldwide network.
Tata Motors appointed Natarajan Chandrasekaran as a Chairman and Guenter Butschek as CEO.
Tata Motors has a total revenue of Rs 2.697 Trillion in 2016 and has 60000 employees. Tata Motors
has subsidiaries with Land Rover and Jaguar car , Tata Daewoo and Tata

Source Problem Of Tata Steel
1. Source Problem
Tata Group that was founded by Jamsetji Tata in 1868 which is the largest and highly diversified
Indian conglomerate. Tata Group has businesses in different industries such as engineering, energy,
materials, services, chemicals etc.
Tata Steel is one of the major Tata companies that the sales record hit as high as 75 percent of the
total sales of the group and it is positioned at the 11th largest steel producing company in the world
in 2013. Tata Steel's largest plant is in India's first industrial city, Jamshedpur. Although Tata Steel
may be the among the top ten global steel company and also a major player of the steel industry,
they are facing high competition with highly competitive rivals from other countries and a
worldwide recession while expanding the business which leads to decline in demand of steel users.
2. Secondary Problem
2.1 Worldwide Recession and Inflation
The global recession had restricted the growth rate of the India's ... Show more content on
Helpwriting.net ...
This is a massive achievement for Tata Steel that it has achieved till now. The management must
possess with good foresight to foresee the potential of the after business could bring and also the
Corus leadership to bring the business to a greater height, to create more value for all stakeholders
and not stop by the affecting elements. They are constantly looking for opportunities to expand the
business overseas. The acquisition of Corus will have to take note of the cultural differences
between the two countries as different countries have different culture that caused by many aspects
such as education, environment, legal systems, etc. This allows Tata Steel to stand a better chance to
enter Europe market with low cost yet high quality products to offer a choice for the

Metamorphosis Of Tata Steel -The Challenges Of Change...

Recommended

Recommended

More Related Content

Similar to Metamorphosis Of Tata Steel -The Challenges Of Change...

Similar to Metamorphosis Of Tata Steel -The Challenges Of Change... (20)

More from Lisa Kennedy

More from Lisa Kennedy (20)

Recently uploaded

Recently uploaded (20)

Metamorphosis Of Tata Steel -The Challenges Of Change...