Utkarsh Saxena presented on ITC Limited, an Indian conglomerate company. The presentation covered ITC's history, vision/mission, product portfolio, strategies, SWOT analysis, corporate social responsibility efforts, and future plans. ITC is a market leader in cigarettes in India, with a diverse portfolio including food, personal care, hotels, paper, and IT businesses. The presentation analyzed ITC's strengths in distribution and brands, opportunities in rural and new markets, and threats from competition and increased tobacco regulation.
In purview of the growing concern for Corporate Social Responsibility, here's a take on the initiatives being taken by a major Indian Player in the Tobacco Industry- ITC.
AN OVERVIEW ON THE CORPORATE SOCIAL RESPONSIBILITY INITIATIVES BY ITC COMPANY...VARUN KESAVAN
ITC articulated a super-ordinate vision nearly two decades ago to make societal value creation the bedrock of its business strategy.
The focus was on spurring innovative strategies that would enable ITC to make a growing contribution to building economic, environmental and social capital for the nation. It was the Company's aspiration that this Triple Bottom Line approach would manifest not only in sustained wealth creation for all its stakeholders, but also in the simultaneous generation of sustainable livelihoods as well as augmentation of precious natural resources.
A multi-pronged strategy was put into play to enable a new dimension of growth that would be sustainable and inclusive. ITC's Social Investments Programme has identified three important stakeholder groups:
a. rural communities in the Company's operational areas which face enormous challenges in ensuring the sustainability of their farming systems;
b. communities residing in close proximity to our production units which require sustainable solutions to help generate additional income streams; and
c. Central and State governments, that encourage Public-Private-People Partnerships to demonstrate scalable and replicable models of development.
Interventions have been appropriately designed to respond to the unique multi-dimensional development challenges of such communities in order to accomplish the overall goal of creating sustainable livelihoods.
In purview of the growing concern for Corporate Social Responsibility, here's a take on the initiatives being taken by a major Indian Player in the Tobacco Industry- ITC.
AN OVERVIEW ON THE CORPORATE SOCIAL RESPONSIBILITY INITIATIVES BY ITC COMPANY...VARUN KESAVAN
ITC articulated a super-ordinate vision nearly two decades ago to make societal value creation the bedrock of its business strategy.
The focus was on spurring innovative strategies that would enable ITC to make a growing contribution to building economic, environmental and social capital for the nation. It was the Company's aspiration that this Triple Bottom Line approach would manifest not only in sustained wealth creation for all its stakeholders, but also in the simultaneous generation of sustainable livelihoods as well as augmentation of precious natural resources.
A multi-pronged strategy was put into play to enable a new dimension of growth that would be sustainable and inclusive. ITC's Social Investments Programme has identified three important stakeholder groups:
a. rural communities in the Company's operational areas which face enormous challenges in ensuring the sustainability of their farming systems;
b. communities residing in close proximity to our production units which require sustainable solutions to help generate additional income streams; and
c. Central and State governments, that encourage Public-Private-People Partnerships to demonstrate scalable and replicable models of development.
Interventions have been appropriately designed to respond to the unique multi-dimensional development challenges of such communities in order to accomplish the overall goal of creating sustainable livelihoods.
this is generally an descriptive research of an ITC Company. in this assignment introduction of the company and its past performance is given. the new initiative taken by the company and what challenges they have faced and several other things also have mentioned in this assignment
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3. Repurpose across all platforms
2. CURRENT SCENARIO
HISTORY OF ITC
VISION AND MISSION
PRODUCT PORTFOLIO
MAJOR STRATEGIES FOLLOWED BY ITC
SWOT ANALYSIS OF ITC
CORPORATE SOCIAL RESPONSIBILITY
FUTURE PLANS
CONCLUSION
3. Chairperson : Y C Deveshwar
Directors : SS H Rehman, Nakul Anand,
A Singh, PV Dhobale,
K Vaidyanath, K N Grant,
A Baijal, B Vijayaraghavan
J P Daly, H G Powell &
P B Ramanujan, B Sen
R S Tarneja,
CEO, Yogesh Chander Deveshwar
4. CURRENT SCENARIO
ITC is an Indian public conglomerate company headquartered in Kolkata, India.
India’s premier privates sector companies with a turnover of US $7Billion.
Market Capitalization of nearly US$45 Billion in 2012-13.
ITC is the market leader in cigarettes in India.
It employees over 26,000 people at more than 60 locations across India.
It is listed on Forbes 2000.
ITC Limited completed 100 years on 24th August, 2010.
ITC's Agri-Business is India's second largest exporter of agricultural products.
Corporate Positioning Statement :-“Enduring Value. For the Nation. For the Shareholder”
5. WHERE COMPANY STANDS?
ITC features on the Forbes Global 2000 rankings for 2012 at
position 841. In the same rankings, the company's market
value placed it as the 184th largest company in the world.
In 2013, ITC was ranked the third most admired company in
India by Fortune.
ITC is rated among the World's Best Big Companies, Asia's
Fab 50' and the World's Most Reputable Companies by
Forbes magazine.
In 2011, all of ITC’s super premium luxury hotels were
accorded LEED Platinum certification, making ITC Hotels
the ‘Greenest Luxury Hotel Chain in the World’.
6. Vision: Sustain ITC’s position as
one of India’s most valuable
corporations through world class
performance, creating growing
value for the Indian economy and
the Company’s stakeholders.
Mission: To enhance the wealth
generating capability of the
enterprise in a globalizing
environment, delivering superior
and sustainable stakeholder value.
Core Values: ITC’s core values
are aimed at developing a
customer focused, high
performance organization which
creates values for its stakeholders.
7. HISTORY
24 Aug ,1910 – ITC incorporated under the name of 'Imperial Tobacco
Company of India Limited'.
1925– ITC’s Packaging & Printing Business Division was set up as a
strategic backward integration for ITC’s Cigarettes business.
1974 – The Company's ownership progressively Indianised, and the name
of the Company was changed to ITC Limited (Indian Tobacco Company).
1975 – The Co. launched its HOTEL BUSINESS which was named ‘ITC-
Welcomgroup Hotel’.
1979 – ITC entered the Paperboards Business by promoting, ITC
Bhadrachalam Paperboards Limited, which today has become the market
leader in India.
8. 1985 – Surya Nepal Pvt. Ltd.
1990 - International Business Division for export of agri-commodities
2000 – Life style retailing business with Wills sport range of international quality relaxed
wear for men and women
2000 – ITC InfoTech Ltd.
2001 – ITC entered into food business with launch of ‘kitchen of India’ ready to eat Indian
gourmet dishes.
2002 – Safety matches.
2003- Agarbattis.
2005 – Essenza di wills.
10. FMCG-CIGARETTES
10
Market leader in India.
Highly portfolio of brands includes Insignia, India
kings, Classic, Gold Flake, Silk Cut, Navy Cut,
Scissors, Capstan, Berkeley, Bristol and Flake.
20. ITC INFOTECH Established in 2000 and headquartered in Bangalore.
Fully owned subsidiary of ITC ltd.
ITC is divided into - IT Services, IT Consulting Services
Technology Partners: Sap, Oracle, Sun Microsystems, PTC.
ITC InfoTech, a global IT services company, is today one of India’s fastest
growing IT and ITES service providers.
Providing outsourced IT solutions and services to leading global customers.
21. E-CHOUPAL
Choupal is a Hindi word which means village
meeting place, and ‘E’ here stands for
electronic so it is a village meeting place on a
electronic platform.
It is a virtual market place where vendors and
customers come together to do transactions.
It’s a place where farmers can transact
directly with a processor and realize better
price for their products.
22. ADVANTAGES
No hierarchy of brokers.
Internet is used as a low cost medium of communication providing
latest information.
E-choupals are set up by ITC with solar power backup and VSAT
connectivity. The equipment cost for the e-choupal is borne by ITC.
Allow farmers to compare global and local market price (mandi)
To farmers they give access to operational information developed by
ITC experts, pertaining to cropping, seeds, fertilizers and so on.
24. Major Strategies Followed
Entering into less competitive or unexplored markets.
Distribution Network.
Market differentiation.
Cost control strategy.
Diversification of products.
Extensive advertising.
Innovation.
Regular introduction of new products.
25. ITC. Touching your life. Everyday
SWOT ANALYSIS
Strength
•Cigarette market is 22,000 Cr. and ITC
has lion’s share in it
•Strong brand recognition and product
portfolio
•Distribution network
•Management
Weakness
•Dependence on tobacco revenues
• Negative Connection of Tobacco
Opportunity
•Consumption Of personal care products
•Rural Market
•E-Choupal
• Filter cigarette segment of less than
60mm size
Threat
•Competition both Domestic &
International
•Increasing Tax on cigarettes
•Excise duty on unfiltered cigarettes less
than 60mm in length was increased 387%
last year
•Hike was 142% for those between 61mm
and 70mm long.
•Regulatory restrictions on cigarettes
•Ban on smoking
26. CORPORATE SOCIAL RESPONSIBILITY
ITC’s businesses generate livelihoods for more than 5million people.
ITC’s social and farm forestry initiative has greened over 80,000 hectares creating an
estimated 35 million person days employment among and disadvantaged.
ITC’s watershed development initiative brings previous water to nearly 35,000
hectares of dry lands and moisture-stressed areas.
ITC’s sustainable community initiative includes women empowerment and primary
education.
29. AWARDS AND ACHIEVEMENTS
ITC is the first Indian company and the second in the world to win the prestigious
Development Gateway Award.
ITC is the first corporate to receive the annual FICCI Outstanding Vision Corporate
Triple Impact Award in 2007.
ITC was conferred the World Business and Development Award 2012 at the historic
Rio+20 United Nations Summit which concluded recently.
ITC has won the Golden Peacock Award for corporate Social Responsibility in 2007.
The business Today Award for the Best Managed Company in recognition of its
outstanding initiative in consumer product segment.
30. FUTURE PLANS
Promoting Eco- Tourism, Eco medical, Traditional crafts.
Joined hands with monster jobs to provide jobs for rural youth.
Ensure product Quality.
Develop rural market to promote other products.
Planning to launch some other serives with their e-choupal program like:
Micro- credit
Health
Education
31. CONCLUSION
ITC promoting their brands through advertisement campaign as well as door to door
promotion.
ITC is also focusing on Retailers and Wholesalers to promote their brand.
The demand of their product is very low, because people don’t know about their brands
very well.
ITC knows their strength and weakness in the personal care market, so they are
applying new concept to overcome their weaknesses.
ITC now offering more margins, exiting offers and long credit period to retailers and
wholesalers.