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</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</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</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</p> Signup and view all the answers

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

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

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

    <p>52</p> Signup and view all the answers

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

    <p>15 million tonne</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'</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</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</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</p> Signup and view all the answers

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

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

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

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

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

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

    What approach did CP – 2005 follow for planning?

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

    When did SAIL start paying dividends?

    <p>1992</p> Signup and view all the answers

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

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

    What were the areas SAIL introduced to effect the turnaround?

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

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

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

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