The Factories Act‚ 1948‚Section 51 to 60: 51.Weekly hours: * No employee will work more than 48 hoours in a week. 52.Weekly Holidays: * NO worker will work on the first day of the week. * Incase he is made to work the he should get a holiday 3 days immediately before or after the first day for which the responsible manager has to send a notice to the inspector for approval which must be displayed in the factory notice board. 53.Compensatory holidays: * In case an employee
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HR MANAGEMENT : LOOKING INTO THE FUTURE INFOSYS Since the dawn of the millennium‚ Infosys expanded at an incredible rate both in terms of size and scale (doubled its size every 20minutes) .The management was unable to cope up with the expectations of the employees and the employees felt they were being left out of the employee favorable culture Infosys was always known for. Most of this was experienced when Infosys‚ while expanding from a “large” small company to a “small” large company‚ brought
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Tata Steel and Corus Deal Tata Steel Europe (formerly Corus)‚ a subsidiary of Tata Steel‚ last fortnight announced that it is restructuring its construction steel business‚ which will affect 500 jobs. This sent out another signal that Tata Steel is grappling with an acquisition which -at $13 billion- was too expensive and came at the wrong time. In 2007‚ the demand for steel was at its peak in Europe. A little over a year later‚ it plummeted‚ thanks to the economic meltdown triggered by the collapse
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case of Tata Steel acquiring Corus throws up several interesting questions on emerging multinationals and traditional multinationals in the steel industry and particularly the complexities of the acquisition in the above context. What has been surprising in the above case is that how could a small steel maker‚ Tata Steel from a developing country like India buy up a large steel company‚ Corus PLC from the United Kingdom. Prior to the acquisition‚ Corus was four times bigger than Tata Steel. However
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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
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Down loaded from the TT100.biz website Growing a business by developing products and markets Ansoff’s Product/Market Matrix Product Market Current New Current New Market penetration Market development New product development Diversification Expansion Beiersdorf has expanded in each possible direction. ◗ Market penetration is demonstrated by NIVEA Lip Care products‚ which have been extended with new variants. The latest of these (Pearl and Shine) became the market leader in 2003. ◗ An
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* ------------------------------------------------- Ten biggest Mergers and Acquisitions deals in India Tata Steel acquired 100% stake in Corus Group on January 30‚ 2007. It was an all cash deal which cumulatively amounted to $12.2 billion. * Vodafone purchased administering interest of 67% owned by Hutch-Essar for a total worth of $11.1 billion on February 11‚ 2007. * India Aluminium and copper giant Hindalco Industries purchased Canada-based firm Novelis Inc in February 2007. The total
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Ansoff Matrix = The product/market grid What is the Ansoff Matrix? The Ansoff Matrix‚ designed by Igor Ansoff‚ classifies and explains different growth strategies for a company. This matrix is used by companies which have a growth target or a strategy of specialization. This tool‚ crossing products and markets of a company‚ facilitates decision making. The Ansoff matrix offers four strategies to achieve the objectives. Penetration of the market ; Extension of the market ; New products
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of lgStrategic Decisions - Definition and Characteristics Strategic decisions are the decisions that are concerned with whole environment in which the firm operates‚ the entire resources and the people who form the company and the interface between the two.Characteristics/Features of Strategic Decisions a. Strategic decisions have major resource propositions for an organization. These decisions may be concerned with possessing new resources‚ organizing others or reallocating others
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CPA Program—professional level Global Strategy and Leadership Product and market options: Ansoff product-market matrix Case scenarios 2014 Authors: Delyth Samuel and Samantha Winter (updated by Anne Gleeson) Published by Deakin University on behalf of CPA Australia Ltd‚ ABN 64 008 392 452 © CPA Australia Ltd 2014 The contents are for general information only. They are not intended as professional advice‚ for that you should consult a suitable qualified professional. CPA Australia
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