Strategies for internationalisation of Aditya Birla Group (ABG) Assignment

Strategies for internationalisation of Aditya Birla Group (ABG) - Assignment Example International business helps an organisation to develop its growth strategy.This in turn helps to acquire a better product life cycle.It is recognised that at times a company’s products do not receive desired attention in its home nation, however, there are significant demands of them in other nations. International business operations provide certain pertinent benefits to an organisation such as scope to incorporate advanced technologies, increase investment opportunities, and make product or service expansion among others which in turn can provide greater returns than operating in home markets (Wall & et. al., 2009). Aditya Birla Group is a multinational Indian company headquartered in Mumbai, India. Aditya Birla Group is a US$40 billion organisation and it is part of Fortune 500 companies recognised by Fortune magazine. In Aditya Birla Group, more than 136,000 employees are competently working as of the year 2012. The Group was ranked in 1st position, in a survey related to ‘Top Companies For Leaders’, in Asia Pacific in the year 2011. This survey is mainly conducted for studying the organisational leadership. The organisation earns more than 53 percent of revenue from operations in abroad. The Group has been operating in 36 countries which comprise Canada, Australia, Brazil, China, Germany, France, Japan and Russia among others. In its home business destination i.e. India the Group is recognised as a leading name in mobile telephone sector, life insurance as well as asset management, supermarket chains and branded apparel among others. In its global operations, the Group is renowned as one of the biggest aluminium and copper producers, carbon black and Viscose staple fibre producers among others (Aditya Birla Management Corporation Pvt. Ltd., 2012). In this paper, the internationalisation strategies of Aditya Birla Group will be recognised as well as a critical analysis of the adopted strategies would be conducted. Moreover, certain reco mmendations related to future strategic direction of the company will be made in order to sustain its competitive advantage. Strategies for Internationalisation of Aditya Birla Group (ABG) There are several strategies that are adopted by the ABG for internationalisation of the business. Acquisition Strategy Aditya Birla Group is well renowned for its business acquisition strategy in the global market. The product as well as service portfolio of ABG includes cement, fertilizers, chemical and financial services among others. Acquisition is the process of buying a company’s most of the stakes with the purpose of getting the ownership of the company (Kazmi, 2008). The corporate strategies prepared for internationalisation of ABG has been focused on expansion of the business with the help of acquisition as well as internationalisation of new business by acquisition. ABG prepares strategies for acquisition of major companies related to their most preferable sectors such as mining. ABG adopted this strategy as an aggressive action towards the internalisation of the business. As a part of this strategy, ABG had signed an accord to acquire the assets of Terrace Bay Pulp Mill in the region of North America. According to statement made by the Chairman of ABG, Mr. Kumar Mangalam Birla â€Å"The acquisition of the Terrace Bay Mill and its subsequent conversion into a dissolving grade pulp mill is a major strategic move† (Aditya Birla Management Corporation Pvt. Ltd., 2012).This move has been especially useful for attaining global leadership. In Canada, Novelis Inc., a leading corporation related to aluminium rolled products was acquired by an ABG’

Why Control Development Term Paper Example | Topics and Well Written Essays - 2000 words

Why Control Development - Term Paper Example The term ‘planning’ means different things to different people. In this context planning is viewed as a discipline with strong technical basis.   It works in terms of applying various techniques, models and formulas to solve problems. Moreover, it results to presenting itself as a science where it focuses in objectively solving problems by value-neutral planners.   Yet another dimension describes planning as an art of decision and plan making. Planning systems have revolved over time in the need to organize and regulated human society and its surroundings. Diverse societies all over the worlds over centuries have diverse sets of values. Planning systems and their roles change over time due to change of societal values and the advent of technological developments, hence the need to understand the context of social and historical changes.   Theories found in planning focus on how to go about carrying out planning. They focus on procedural matters as compared to substantial matters. They deal with issues such as design methods, decision making, organizations and community action. These could be said to be prescriptive theories because they explain of how to go about carrying our planning tasks.          What is of most important to note is that, planning must work hand in hand with the element of time. Planning should be time sensitive since we do not plan for the past but for the future. Besides, ideas tend to change over time with the outdated ideas exiting o pave way for the current ideas, with a certain capacity of individuals and the society having to carry volumes of ideas within their span of consideration at one time. T here are five schools of planning theory. They include; rational –comprehensive planning theory, advocacy planning theory, incremental list planning theory, and the two branches of communicative planning theory: planning as consensus-seeking and management of conflicts.