Discuss a news item or event that has arisen within the past month that has rele
ID: 382706 • Letter: D
Question
Discuss a news item or event that has arisen within the past month that has relevance to Strategic Management. Include the following:
o Topic
o Date
o Source which may include, radio, television, newspaper, internet, etc.
o Summary of the news item
o Conclusions or commentary about relevance to the content of this course
Discuss the impact on the management decisions and actions from forces in the industrial and international environments of an organization.
Discuss a news item or event that has arisen within the past month that has relevance to Strategic Management. Include the following:
o Topic
o Date
o Source which may include, radio, television, newspaper, internet, etc.
o Summary of the news item
o Conclusions or commentary about relevance to the content of this course
Assignment OutcomesDiscuss the impact on the management decisions and actions from forces in the industrial and international environments of an organization.
Explanation / Answer
Topic : Vedanta Group's strategic decision on its investment.
Date: December, 15,2017
Source: Internet
Summary of News: This news explain stretegic decision and management of Cairn India Limited, which is belongs to Vedanta Group. This is planned to make ready its top management and allow it to make strategic decision. that is $ billion Investment Plan.This decion taken by top level management of this company based on sucess of its past 5 projects. This investment will give result in the next 18-20 months. With this project, company expecting 100,000 barrels of Oil and Gas per day, but its target is 500,000 barrels of Oil and Gas per day.
This company also plan to do exploration drilling in 2018 in its Krishna Godavari Blocks.
Summary or Commentary
This company' took good decision, to expand business,every company should make this kind of strategic decisions. I hope,it will success in future with best implementation.
The management decisions are very important for every organization, we can simply say that, the success of organization always based on stretegic decisions taken by managemnt only. if management decion fail, it will impact on company's growth for long periods.
Based on changes and challenges in Industry and international environment, management should act and make decions.
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