Mittal Steel In 2006 Changing The Global Steel Game Case Study Analysis

Home >> Pankaj Ghemawat >> Mittal Steel In 2006 Changing The Global Steel Game

Mittal Steel In 2006 Changing The Global Steel Game Case Analysis

Mittal Steel In 2006 Changing The Global Steel Game Case Study Help is a well-known name of a New york city based, world's leading organization in the food and drink market. Case Study Analysis is a leading brand name in hassle-free snacks, foods and beverages with its existence in about 200 nations. Significant brand names of the company include; Pepsi-Cola, Frito-Lay, Tropicana, Quake and Gatorade. The core competitive advantage of the company is its capability to market the item at far and wide locations. The business is doing efforts to make item advancement as its new source of competitive benefit.

The report consists of a deep analysis of numerous aspects of the social obligations of major business in the food and drink market in general, and Case Analysis in specific. It also provides an analysis of the growing health and ecological issues consisting of weight problems, cardiovascular disease, ecological devastation and so on in the Western nations and the function of the business in the food and beverage market to resolve these issues. The report likewise offers an assessment of the level of sustainability and CSR in the Mittal Steel In 2006 Changing The Global Steel Game Case Study Help's service method in addition to the determination of how Case Study Solution creates value for its customers. The report likewise supplies particular tactical options for company to include the criticism over its social duty with particular suggestions and an application strategy.

Issues Recognition

The giant food and drink business was going through a criticism over its responsibility towards numerous social and ecological problems consisting of; obesity, heart diseases, ecological destruction etc. These criticisms lead, to rethink about the corporate strategy of Mittal Steel In 2006 Changing The Global Steel Game Case Study Help. The Pankaj Ghemawat has understood that the total society, the way of life of people and the people at whole have been altered now. In this situation with increasing trends towards healthier items and the increasing environmental concerns, Case Study Help needs to alter its direction towards much healthier products. Although, Case Study Help had actually taken specific crucial steps relating to the ecological impacts of its items, but, these actions are insufficient to wind up the criticism over the business's duty towards social and ecological problems. The needed to take particular tactical steps to change the market position of its specific famous brands and present Online Case Study Analysis as a company producing healthy items in the market. In this regard, Case Study Help and other food and drink business ought to utilize their power to shift the customer taste towards much healthier items to remove the restraints in the growth of food market.

Important Analysis

For the few decades, consumer food patterns have actually been changed dramatically. The shift from making use of natural food to produced food has highly affected the health of the consumers. Despite of the discovery of modern health techniques, the overall health of people in few decades have actually been highly affected. Currently about 1 billion of the people In United States are overweight and a minimum of 300 countless them have obesity. Kids likewise dealing with the problem of weight problems. The ratios of obesity in 1980s are quite different from the present ratios. Despite of discovery of health methods and modern methods to control obesity and other diseases, the ratio of weight problems has actually been doubled form the level of 1980. All of the information connected to the health issues with the incorporation of made food in the market describe the prevalence of the health concerns associated with food system. These issues are indirectly the outcome of numerous practices of the food and beverage business for developing worth for their customers.

Value Development at Mittal Steel In 2006 Changing The Global Steel Game Case Study Analysis

Mittal Steel In 2006 Changing The Global Steel Game Case Study Solution being a huge business in the food and drink market, offers high worth to its customers by numerous ways. Case Study Solution has a competitive advantage in offering its items far and broad internationally. The company is presented in about 200 countries with a big number of well-known worldwide brand names.

Furthermore, the company develops worth for its consumers by ways of providing large number of tasty food including salt, fat and sugar, which are the ingredients that are directly gotten in touch with the psychological core of the customer's brain. The Mittal Steel In 2006 Changing The Global Steel Game Case Study Help along with other giant food and drinks business produce value for its consumers by controling these components in its items. Case Study Solution in addition to other huge companies has an interest in finding ways to increase the consumer value from its items through making use of the vulnerability.

Along with it, the company likewise creates worth by means of incorporating the healthy point in its products. The company has actually done particular efforts in order to supply healthy items and minimize the share of Mittal Steel In 2006 Changing The Global Steel Game Case Study Solution in total environmental devastation. Case Study Solution has taken specific steps associated with the sustainability of people and environment consisting of the 2009 statement of the enthusiastic goals and commitments related to Case Study Help products, marketplace and the neighborhood.

All of these ways have actually been successful at developing value for the Case Study Help customers. Increasing health associated problems have actually raised the criticism for Case Study Help.

Useful Role of Major Food and Beverage Business in Resolving Social and Ecological Expenses Related To the Industry

Certainly, significant food and drink companies consisting of business, etc. can play an useful role in addressing social and ecological costs connected with the industry. The environmental costs associated with food and beverage industry consist of the ecological destruction due to the influx of nitrogen which has led to the decreased water drinking patterns, river contamination, and increased emission of greenhouse gases from soil and so on. All these factors results in ecological destruction which could be a huge risk to the existence of humankind in future.

Major cause of these environmental changes is mass use of nitrogen abundant fertilizers and the components by the food and drink companies. Therefore, food and beverage companies need to play an useful role in resolving these issues to remove their development constraints related to the criticism from the ecological neighborhoods.

In order to deal with these issues, the business might either reduce their usage of nitrogen abundant active ingredients or take specific actions to decrease the amount of nitrogen in the general environment. The companies should avoid use of nitrogen fertilizers and need to search out the products of those farmers that do not use fertilizers for their crop. The companies might likewise invest in reducing greenhouse gas emissions worldwide. The business might utilize eco-friendly energy sources at their production plant to compensate the greenhouse gas emissions from the use of nitrogen-rich items.

Together with the eco-friendly expenses there are specific social costs associated with the food and beverage market which should be attended to by the giant food and drink business to attain the industry development and to avoid the criticism from the environmental communities. Social costs connected with the industry includes the increasing health problems associated with obesity, cardiovascular disease, diabetes and so on. However, the giant companies might play a positive function in attending to these issues.

The business might move towards healthier products by reducing the quantity of poisonous compounds in their processed foods i.e. dioxin, which could lead to fatal human illness. Along with it, the companies need to utilize more healthy active ingredients rather than derivatives of Corn and Soy to increase variety of calories from their products. The companies could likewise do efforts to move consumer tastes towards healthy items as they have controlled the consumer taste for couple of decades. In this way the huge food and beverage business might play a constructive function in addressing social and environmental costs associated with the market.

Examination of Sustainability at Mittal Steel In 2006 Changing The Global Steel Game Case Study Help

There was a possible shift in the business strategy and objectives at Case Study Help. The brand-new CEO was focused on purchasing healthier items for accomplishing sustainable development for the company along with providing much healthier future for the people and the planet both. Under the brand-new vision, the motto of the business was likewise changed from the "fun for you" to "better for you".

Human Sustainability

company obtained Quaker Oats producing TrueNorth nut treats and SoBe, and Naked Juice producing soy drinks and organic drinks to present numerous healthier items in its portfolio. Despite of being considered a Case Analysis's healthy brand, the products of Quake Oats consisted of a number of active ingredients which were harmful to health.

In addition to the inculcation of healthy brand names in its portfolio through acquisitions, Mittal Steel In 2006 Changing The Global Steel Game Case Study Solution has actually taken certain sustainability actions for its market locations. One of major examples in this regard is the Company's marketing strategy associated to schools. The company markets only low calories and healthy drinks choices in schools.

Another action taken by Case Study Solution towards human sustainability is the shift of its focus towards research and advancement for presenting new and healthy products in its portfolio. The business has increased its research and development budget plan and has actually introduced an army of health scientists to create particular healthy items.

Ecological Sustainability

In this regard, the business devoted to reduce its product packaging by millions of tones to prevent high quantity of wastages. The business has actually committed to reduce greenhouse gas emissions along with the achievement of effectiveness in the energy use.

On the basis of above analysis, it might be determined that the company has taken a number of steps towards human and environmental sustainability. However these steps are still not sufficient to accomplish the wanted industrial development and to decrease the criticism over the social responsibility of Mittal Steel In 2006 Changing The Global Steel Game Case Study Solution.

Alternatives

Certain long term strategic alternatives might be obtained for the business on the basis of above analysis. These options can be evaluated on the basis of the fact that how the option would allow the company to achieve its objective of potential development and reduce the criticism over the business. The options might be evaluated on the basis of the time frame that would be taken by an option to be executed along with the expense and threats related to the option

Alternative-1: intro of a New Product line Connected to Healthy Foods and Beverages

The first step that Mittal Steel In 2006 Changing The Global Steel Game Case Study Solution could take is to present a brand-new product line associated with healthy food and beverages. The business has currently presented specific heath related brands, but, the number of these brands in its portfolio is not prospective to lower the criticism and achieve potential growth. The company must present a wide range of healthier products by utilizing its significant research study and development expenditures. The pros and cons connected to the introduction of a healthy line of product in the portfolio are given listed below:

Pros:

• Ability to target large number of consumers i.e. health mindful customers.
• Decrease of the criticism of environmental worried societies and community development companies.
• Satisfaction of the social duty by payment of the harmful items with healthy items.
• Could be carried out within couple of years i.e. 3 to 5 years.

Cons:

• Risk of failure of the brand-new products in the market i.e. customers may not like the taste and might decline the healthier products due to the addictive nature of hazardous products.
• The dangerous products in the item portfolio might make the incorporation of healthy products stop working to lower criticism.
• Huge cost of research study and development required to construct brand-new healthy items.

Alternative-2: High level Acquisition of Health related Business

Another alternative option to attain the prospective growth and decrease the criticism is to get the health related companies at a high level. Financial investment in these type of business would enable Mittal Steel In 2006 Changing The Global Steel Game Case Study Analysis to present a large variety of much healthier products within a brief time duration without any requirement of substantial research study and development expenditures. The pros and cons connected to alternative 3 are offered below:

Pros:

• Saving of big amount of research and development expenses for new product development.
• Incorporation of new products within 2 years.
• Capability to target a great deal of consumers i.e. health conscious customers.
• Reduction of the criticism of ecological concerned societies and community advancement companies.
• Fulfillment of the social duty by compensation of the harmful products with healthy items.

Cons:

• The acquisition may not show to alter the image of Mittal Steel In 2006 Changing The Global Steel Game Case Study Solution as in case of Quake Oats.
• Requirement of substantial quantity of capital.
• Threat of failure of the brand-new products in the market i.e. customers might not like the taste and might not accept the much healthier items due to the addicting nature of harmful products.
• The dangerous items in the product portfolio may make the incorporation of healthy items stop working to lower criticism.

Aletrnative-3: Replacement of Hazardous Products with Healthy Products in the Portfolio

Another alternative option for Mittal Steel In 2006 Changing The Global Steel Game Case Study Analysis is to change all of its harmful products with healthier products. This might be a huge shift in the business strategy and business model at business. The replacement of harmful products with healthier products would totally change the market position of the business and would require a large number of required actions to be taken. The pros and cons related to alternative 3 are given listed below:

Pros:

• Modification of market position of Mittal Steel In 2006 Changing The Global Steel Game Case Study Solution
• Ability to target large number of consumers i.e. health mindful customers.
• End of all of the criticism of ecological worried societies and neighborhood development organizations.
• Satisfaction of the social responsibility

Cons:

• Risk of failure of the brand-new products in the market i.e. customers may not like the taste and might not accept the healthier items due to the addictive nature of hazardous items.
• Huge expense of research study and advancement required to develop brand-new healthy products.
• Staff member may resist over the change in the business model and service method.
• Number of years needed for the implementation.
• Shift of focus from the core competencies.

Recommendations

With the deep analysis of the business's CSR, issues dealt with by the company and the present market circumstance, Mittal Steel In 2006 Changing The Global Steel Game Case Study Solution is suggested to consider alternative 2 of high level of acquisition of health related business. As the acquisitions would allow the business to save of substantial quantity of research and advancement expenses for brand-new item advancement. In addition to it, acquisitions would allow incorporation of new items within 2 years along with the capability to target a great deal of consumers. The acquisitions would result in the decrease of the criticism from the worried organizations.However, the option would require substantial quantity of investment funds. Furthermore, the organizations might not be able to lower the criticism. With a careful analysis of the acquisition with an aggressive marketing campaigns, company might show to be successful in achieving the targets.

This Mittal Steel In 2006 Changing The Global Steel Game case study is writen by : Pankaj Ghemawat

Executive Summary	Swot Analysis	Vrio Analysis	Pestel Analysis
Porters Analysis	Recommendations