CH5-ICA-Company Strategies Chapter 5 Quiz

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Questions and Answers

During which period did the 'Planned Self-Reliance' oriented economy shape the corporate strategy responses of Indian Steel Majors?

  • Transition decade of the 1990s
  • Pre-1980s (correct)
  • Post 1990s
  • 1980s

What significant changes occurred in the Indian steel sector during the transition decade of the 1990s?

  • Introduction of public sector reservation for iron and steel industry
  • Removal of pricing and distribution controls (correct)
  • Increased licensing for capacity creation
  • Decrease in foreign investment approval

What impact did the removal of licensing for capacity creation and investment have on the Indian steel sector?

  • Decreased competition
  • More government control
  • Reduced foreign investment
  • Increased capacity creation (correct)

Why was it critically important for the Indian steel sector to understand its movement into the global economy post-1990s?

<p>Due to dramatic changes in the Indian economy (B)</p> Signup and view all the answers

What provision was made for foreign investment in the Indian steel sector post-1990s?

<p>100% foreign ownership allowed (A)</p> Signup and view all the answers

Why was it imperative for imports to take note of various operational choices available to SAIL for decision making?

<p>To analyze constraints imposed by the external environment (C)</p> Signup and view all the answers

How did the 'Post Liberalization Era' impact pricing and distribution controls in the Indian steel sector?

<p>'Post Liberalization Era' removed pricing and distribution controls (B)</p> Signup and view all the answers

What is the targeted production capacity of hot metal according to Vision 2030?

<p>50 million tonnes (C)</p> Signup and view all the answers

Why did SAIL follow the approach of analyzing the business environment before formulating a future course of action?

<p>'Planned Self-Reliance' orientation required it (C)</p> Signup and view all the answers

Which strategic area in the SWOT analysis led to the formulation of phase-wise strategies for SAIL?

<p>Market leadership with a global orientation (C)</p> Signup and view all the answers

What has left a distinct imprint on the business profile, mindsets, and behavioral characteristics of the Indian Steel sector according to the text?

<p>'Planned Self-Reliance' orientation (C)</p> Signup and view all the answers

What is one way Vision 2030 plans to de-risk the business?

<p>Forward integration in steel intensive businesses (D)</p> Signup and view all the answers

In which sector does SAIL aim to retain market dominance over the medium term?

<p>Infrastructure &amp; construction sectors (D)</p> Signup and view all the answers

What is one of the key areas of focus for SAIL's Vision 2030 to achieve complete integration?

<p>Improvement in techno-economic parameters (A)</p> Signup and view all the answers

How many new mines and beneficiation units are envisioned to be developed by SAIL?

<p>52 (C)</p> Signup and view all the answers

What is the planned pellets capacity as part of SAIL's expansion vision?

<p>15 million tonne (B)</p> Signup and view all the answers

Which business activities are expected to catapult SAIL into the top league of metals and mining companies globally?

<p>'Related/enabling business activities' (C)</p> Signup and view all the answers

What does Vision 2030 focus on with regard to the expanding domestic market for steel?

<p>Broadening the customer base, increasing exports, and de-risking the business (D)</p> Signup and view all the answers

What is one of the options mentioned to help SAIL for seamless management of logistics for incremental steel volumes?

<p>Owning dedicated rail tracks and specialized wagons (A)</p> Signup and view all the answers

In its pursuit of excellence, what areas would SAIL target for continual improvement?

<p>Land utilization, steel making technology, energy management (A)</p> Signup and view all the answers

What is a key focus of SAIL's HR strategy?

<p>Employee engagement and company restructuring (C)</p> Signup and view all the answers

Which of the following is NOT a major focus area for SAIL's Joint Ventures/Strategic Alliances?

<p>Agricultural machinery production (C)</p> Signup and view all the answers

With whom did SAIL form a Joint Venture for manufacturing specialized wagons?

<p>BMW Industries Ltd. (C)</p> Signup and view all the answers

What is the objective of International Coal Ventures Ltd, a Joint Venture involving SAIL?

<p>Acquire coal assets globally (B)</p> Signup and view all the answers

What is the primary focus of Bhilai Jaypee Cement Ltd., a Joint Venture with SAIL?

<p>Cement production (A)</p> Signup and view all the answers

'Having braved the lows and relished the highs' suggests that SAIL has experienced:

<p>'Ups and downs' but persevered through challenges (A)</p> Signup and view all the answers

'Synergizing employee engagement in line with the company’s growth plan' implies that SAIL aims to:

<p>'Align' employee involvement with company goals (B)</p> Signup and view all the answers

What was the minimum target for the PAT/NW ratio set in CP – 2005?

<p>12% (C)</p> Signup and view all the answers

What approach did CP – 2005 follow for planning?

<p>Decentralized planning (B)</p> Signup and view all the answers

What were the some of the goals set by SAIL during 1992-97?

<p>Becoming a dividend paying company and exports as a thrust area (B)</p> Signup and view all the answers

When did SAIL start paying dividends?

<p>1992 (D)</p> Signup and view all the answers

During which period did SAIL focus on a turnaround and restructuring plan?

<p>1998-2003 (A)</p> Signup and view all the answers

What were the areas SAIL introduced to effect the turnaround?

<p>Environment, by-products (B)</p> Signup and view all the answers

What was the peak profit of SAIL during 1995-96?

<p>Rs.1319 crore (D)</p> Signup and view all the answers

What initiatives did SAIL take to overcome the adverse situation and attain a position of sustainable profits?

<p>Taking simultaneous initiatives in restoring financial foundation, organization restructuring, marketing initiatives, cost reduction, and manpower rightsizing (A)</p> Signup and view all the answers

When was SAIL listed in the London Stock Exchange?

<p>SAIL was not listed in the London Stock Exchange (B)</p> Signup and view all the answers

What is the primary focus of corporate strategy according to Johnson and Scholes?

<p>Identifying the key issues and competencies required for an organization's future (A)</p> Signup and view all the answers

What are the main strengths of SAIL as a leading steel producer in India?

<p>Diverse range of quality steel products, large pool of technical and professional manpower, 100% integration in iron ore, and a nationwide distribution network (A)</p> Signup and view all the answers

What unique advantage does SAIL have being a company with multiple plant locations in India?

<p>Ability to grow to a scale of around 48 million tonnes of crude steel by expansion at existing locations (C)</p> Signup and view all the answers

What has the steel sector experienced in the past two decades?

<p>Challenging periods interspersed with opportunities for growth and wealth creation (A)</p> Signup and view all the answers

Which of the following best describes the definition of strategy provided by Johnson and Scholes?

<p>A long-term plan to allocate resources and achieve advantage in a challenging environment (B)</p> Signup and view all the answers

What role does corporate strategy play in an organization like SAIL?

<p>It helps the organization envision and achieve future growth (D)</p> Signup and view all the answers

What is one of the key challenges faced by SAIL in the competitive, fast-changing, and global steel business?

<p>Realizing its full potential in the coming decade (B)</p> Signup and view all the answers

What does the text suggest about the future of SAIL in terms of production capacity?

<p>SAIL has the potential to grow to a scale of around 48 million tonnes of crude steel (A)</p> Signup and view all the answers

What is the main focus of SAIL's corporate strategy according to the text?

<p>Meeting the needs of markets and fulfilling stakeholder expectations (C)</p> Signup and view all the answers

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