45 Questions
During which period did the 'Planned Self-Reliance' oriented economy shape the corporate strategy responses of Indian Steel Majors?
Pre-1980s
What significant changes occurred in the Indian steel sector during the transition decade of the 1990s?
Removal of pricing and distribution controls
What impact did the removal of licensing for capacity creation and investment have on the Indian steel sector?
Increased capacity creation
Why was it critically important for the Indian steel sector to understand its movement into the global economy post-1990s?
Due to dramatic changes in the Indian economy
What provision was made for foreign investment in the Indian steel sector post-1990s?
100% foreign ownership allowed
Why was it imperative for imports to take note of various operational choices available to SAIL for decision making?
To analyze constraints imposed by the external environment
How did the 'Post Liberalization Era' impact pricing and distribution controls in the Indian steel sector?
'Post Liberalization Era' removed pricing and distribution controls
What is the targeted production capacity of hot metal according to Vision 2030?
50 million tonnes
Why did SAIL follow the approach of analyzing the business environment before formulating a future course of action?
'Planned Self-Reliance' orientation required it
Which strategic area in the SWOT analysis led to the formulation of phase-wise strategies for SAIL?
Market leadership with a global orientation
What has left a distinct imprint on the business profile, mindsets, and behavioral characteristics of the Indian Steel sector according to the text?
'Planned Self-Reliance' orientation
What is one way Vision 2030 plans to de-risk the business?
Forward integration in steel intensive businesses
In which sector does SAIL aim to retain market dominance over the medium term?
Infrastructure & construction sectors
What is one of the key areas of focus for SAIL's Vision 2030 to achieve complete integration?
Improvement in techno-economic parameters
How many new mines and beneficiation units are envisioned to be developed by SAIL?
52
What is the planned pellets capacity as part of SAIL's expansion vision?
15 million tonne
Which business activities are expected to catapult SAIL into the top league of metals and mining companies globally?
'Related/enabling business activities'
What does Vision 2030 focus on with regard to the expanding domestic market for steel?
Broadening the customer base, increasing exports, and de-risking the business
What is one of the options mentioned to help SAIL for seamless management of logistics for incremental steel volumes?
Owning dedicated rail tracks and specialized wagons
In its pursuit of excellence, what areas would SAIL target for continual improvement?
Land utilization, steel making technology, energy management
What is a key focus of SAIL's HR strategy?
Employee engagement and company restructuring
Which of the following is NOT a major focus area for SAIL's Joint Ventures/Strategic Alliances?
Agricultural machinery production
With whom did SAIL form a Joint Venture for manufacturing specialized wagons?
BMW Industries Ltd.
What is the objective of International Coal Ventures Ltd, a Joint Venture involving SAIL?
Acquire coal assets globally
What is the primary focus of Bhilai Jaypee Cement Ltd., a Joint Venture with SAIL?
Cement production
'Having braved the lows and relished the highs' suggests that SAIL has experienced:
'Ups and downs' but persevered through challenges
'Synergizing employee engagement in line with the company’s growth plan' implies that SAIL aims to:
'Align' employee involvement with company goals
What was the minimum target for the PAT/NW ratio set in CP – 2005?
12%
What approach did CP – 2005 follow for planning?
Decentralized planning
What were the some of the goals set by SAIL during 1992-97?
Becoming a dividend paying company and exports as a thrust area
When did SAIL start paying dividends?
1992
During which period did SAIL focus on a turnaround and restructuring plan?
1998-2003
What were the areas SAIL introduced to effect the turnaround?
Environment, by-products
What was the peak profit of SAIL during 1995-96?
Rs.1319 crore
What initiatives did SAIL take to overcome the adverse situation and attain a position of sustainable profits?
Taking simultaneous initiatives in restoring financial foundation, organization restructuring, marketing initiatives, cost reduction, and manpower rightsizing
When was SAIL listed in the London Stock Exchange?
SAIL was not listed in the London Stock Exchange
What is the primary focus of corporate strategy according to Johnson and Scholes?
Identifying the key issues and competencies required for an organization's future
What are the main strengths of SAIL as a leading steel producer in India?
Diverse range of quality steel products, large pool of technical and professional manpower, 100% integration in iron ore, and a nationwide distribution network
What unique advantage does SAIL have being a company with multiple plant locations in India?
Ability to grow to a scale of around 48 million tonnes of crude steel by expansion at existing locations
What has the steel sector experienced in the past two decades?
Challenging periods interspersed with opportunities for growth and wealth creation
Which of the following best describes the definition of strategy provided by Johnson and Scholes?
A long-term plan to allocate resources and achieve advantage in a challenging environment
What role does corporate strategy play in an organization like SAIL?
It helps the organization envision and achieve future growth
What is one of the key challenges faced by SAIL in the competitive, fast-changing, and global steel business?
Realizing its full potential in the coming decade
What does the text suggest about the future of SAIL in terms of production capacity?
SAIL has the potential to grow to a scale of around 48 million tonnes of crude steel
What is the main focus of SAIL's corporate strategy according to the text?
Meeting the needs of markets and fulfilling stakeholder expectations
Test your knowledge on corporate strategy definitions and concepts based on Johnson and Scholes' definition of strategy. Explore the direction, scope, advantage, resources, market needs, and stakeholder expectations in organization strategies.
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