General Motors India Pvt. The main question raised in these appeals is whether in the absence of any prayer made in the complaint and without evidence of any loss suffered, the award of punitive damages was permissible.
Organizations go through an inevitable progression from growth through maturity, revival, and eventually decline. The broad corporate strategy alternatives, sometimes referred to as grand strategies, are: During the organizational life cycle, managements choose between growth, stability, or retrenchment strategies to overcome deteriorating trends in performance.
Just as every product or business unit must follow a business strategy to improve its competitive position, every corporation must decide its orientation towards growth by asking the following three questions: At the core of corporate strategy must be a clear logic of how the corporate objectives, will be achieved.
Most of the strategic choices of successful corporations have a central economic logic that serves as the fulcrum for profit creation. Some of the major economic reasons for choosing a particular type corporate strategy are: The non-economic reasons for the choice of corporate strategy elements include: There are four types of generic corporate strategies.
A stability strategy is utilized by a firm to achieve steady, but slow improvements in growth while a retrenchment strategy which includes harvesting, turnaround, divestiture, or liquidation strategies is used to reverse poor-organizational performance.
Once a strategic direction has been identified, it then becomes necessary for management to examine business and functional level strategies of the firm to make sure that all units are moving towards the achievement of the company-wide corporate strategy.
The firm stays with its current business and product markets; maintains the existing level of effort; and is satisfied with incremental growth. It does not seek to invest in new factories and capital assets, gain market share, or invade new geographical territories.
The act aims to prevent concentration of economic power, provide for control of monopolies, and protect consumer caninariojana.comlies and Restrictive Trade Practices Act(MRTP Act) got the President’s approval on December 27, Full text of the Supreme Court Judgment:General Motors (India) Pvt. Ltd. Vs. Ashok Ramnik Lal Tolat. Monopolies and Restrictive Trade Practices (MRTP) Act, was revoked and replaced by Competition Act, MRTP Act was enacted to deal with monopolistic, restrictive and unfair trade practices, but due to certain limitations, Competition Act was introduced, which changed the focus from curbing monopolies to promoting competition.
Organizations choose this strategy when the industry in which it operates or the state of the economy is in turmoil or when the industry faces slow or no growth prospects. They also choose this strategy when they go through a period of rapid expansion and need to consolidate their operations before going for another bout of expansion.
Firms choose expansion strategy when their perceptions of resource availability and past financial performance are both high.
The most common growth strategies are diversification at the corporate level and concentration at the business level. Reliance Industry, a vertically integrated company covering the complete textile value chain has been repositioning itself to be a diversified conglomerate by entering into a range of business such as power generation and distribution, insurance, telecommunication, and information and communication technology services.
Diversification is defined as the entry of a firm into new lines of activity, through internal or external modes. The primary reason a firm pursues increased diversification are value creation through economies of scale and scope, or market dominance.
In some cases firms choose diversification because of government policy, performance problems and uncertainty about future cash flow. Internal development can take the form of investments in new products, services, customer segments, or geographic markets including international expansion.
Diversification is accomplished through external modes through acquisitions and joint ventures. Concentration can be achieved through vertical or horizontal growth. Vertical growth occurs when a firm takes over a function previously provided by a supplier or a distributor.
Horizontal growth occurs when the firm expands products into new geographic areas or increases the range of products and services in current markets. Turnaround strategy is a form of retrenchment strategy, which focuses on operational improvement when the state of decline is not severe.
Other possible corporate level strategic responses to decline include growth and stability. A firm adopting the combination strategy may apply the combination either simultaneously across the different businesses or sequentially.
Reliance Industries, while consolidating its position in the existing businesses such as textile and petrochemicals, aggressively entered new areas such as Information Technology.News & Notifications.
05th of November National LokAdalat on 8th of December, 05th of November Applications in the prescribed format (Annexure-A) are invited from the eligible Advocates for the posts in the cadre of District Judges in the grade of Rs by direct recruitment, in accordance with the provisions of Jammu and Kashmir Higher Judicial.
Correspondence The Registrar, Supreme Court of India, Tilak Marg, New Delhi , FAX , e-mail: [email protected] The most important in this phase was passing of the MRTP Act (Monopolies and Restrictive Trade Practices Act) in and the setting up of the MRTP Commission in Since , the focus has shifted from controlling monopolies to promoting competition.4/4(4).
October Specific Relief (Amendment) Act, a paradigm shift? The Specific Relief (Amendment) Act, (“Amendment”) was notified in the official gazette on August 1, thereby amending the Specific Relief Act, (“Act”), which essentially prescribes remedies for parties either by awarding specific performance of a contract, or granting an injunction, or declaration in.
Monopolies and Restrictive Trade Practices (MRTP) Act, was revoked and replaced by Competition Act, MRTP act, was enacted to deal with monopolistic, restrictive and unfair trade practices, but due to certain limitations, Competition Act was introduced, which changed the focus from curbing monopolies to promoting competition.
Each one of the above strategies has a specific objective. For instance, a concentration strategy seeks to increase the growth of a single product line while a diversification strategy seeks to alter a firm’s strategic track by adding new product lines.