third largest iron ore supplier for China through the competition with India‚ which will have a great influence on China’s mining machinery industry. According to Business Day Live’s report‚ the iron ore export to China from South Africa was 40.6 million tonnes in 2012‚ while Indian exports plunged nearly 55% to 33 million tonnes. It is evidently that South Africa managed to increase of its share of iron ore sales to China in the unstable economical situation. The large amount of iron ore’s import
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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
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There are mixed opinions on Andrew Carnegie. What would make him a hero? Andrew Carnegie was a man who became a millionaire. He started working at 12 due to his poor family and slowly rose to riches. He grew up in Pittsburgh near family; he then later was the supervisor of Pennsylvania’s Western Division. In 1861 he was asked to help with troop transportation in D.C. He then moved to New York City‚ NY‚ and that was where he primarily live till he died. He was born in 1835‚ sailed to America in
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JSW SHOPPE — A UNIQUE DISTRIBUTION MODEL FOR BRANDED STEEL Brief of Case JSW is a manufacturing plant producing steel pipes‚ bends and sockets and was one of many low-cost steel producers in the world and favored bulk buyers. In April 2007‚ at Jindal Steel Works Ltd.’s marketing headquarters in Mumbai‚ the sales and marketing team headed by Jayant Acharya (director marketing)‚ Sharad Mahendra (vice-president) had a debate on how to boost the presence of Jindal Steel Works steel in the market.
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IRON ORE DRY BULK TRADE Demand for dry bulk commodities like iron ore is driven by industrial production and growth requirements. An increase in steel production stimulates the growth of iron ore shipments and also the trade. From early 2000s‚ the iron ore market began a transformation following China’s increasing demand for steel. World production of iron ore exceeded 1 billion tonnes in 2002. International iron ore trade reached record levels at 512 million tonnes (Mt). Price negotiations
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I. Porter’s Five Forces Analysis of the Steel Industry & Firm Level capabilities analysis 1. Competition from substitutes Increasing substitutes in the form of plastics‚ aluminum and advanced composites. 2. Threat of Entry High barriers to entry in the integrated mill segment. However‚ with the mini-mills‚ the barriers are being lowered due to lower costs (a tenth of those in the integrated mills per ton of steel produced). 3. Competition from rivals Highly competitive since products are
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Global Business Environment Case Study #3: Conducting International Business in an Ethical Manner A company that cares Founded ninety years ago in the US‚ Panting Steel Inc. is a highly profitable scrap metal company. The firm purchases scrap metal from sites across the US and Europe and recycles it to produce finished steel products that it resells to steel mills. A major part of its operations involves dismantling used automobiles. It sells the reusable car parts at low cost to international
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“Plain Talk” Lessons From a Business Maverick. The book “Plain Talk” Lessons from a Business Maverick written by Ken Iverson‚ was a truly inspiring‚ and refreshing look into how a small company like Nucore a very small company of 500 people at the time could take on behemoth companies like United States Steel Corp. and Bethlehem Steel and ton for ton out produced them in a proportional manufacturing race of steel. The Goliath’s of the industry sitting fat and happy stuffing there corporate
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Genius‚ billionaire‚ playboy‚ philanthropist. whom do you remember after reading the above sentence? who else‚ it is Tony stark a.k.a The Iron man. Well if you are not aware of him‚ Tony stark is a fictional superhero created by Stan lee and Larry Lieber for Marvel comics. He is one of the (If not THE) most famous characters from marvel as he is the founding member of Avengers‚ and Illuminati‚ two most powerful and popular superhero team ups. He is not born with super powers or not stung by a radio
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Internet Case for Chapter 2: Operations Strategy in a Global Environment Johannsen Steel Company Johannsen Steel Company (JSC) was established by three Johannsen brothers in 1928 in Pittsfield‚ Rhode Island. The brothers began JSC by concentrating on high-quality‚ high-carbon‚ high-margin steel wire. Products included "music wire" for instruments such as pianos and violins; copper‚ tin‚ and other coated wires; and high tensile-wire for the newly emerging aircraft industry. JSC even pioneered
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