SM Assignement

This blog post is a part of an assignment of the Strategic Management-1 course

Assignment 1:

Select 2 big companies; If these 2 companies merge, what would be their

1. Vision

2. BHAG

3. Core values

Let me elaborate on 2 companies named NTPC and ONGC which we will try and merge

NTPC:

Vision:

“To be the world’s largest and best power producer, powering India’s growth.”

Core Values:

• Business Ethics
• Customer Focus
• Organisational & Professional Pride
• Mutual Respect & Trust
• Innovation & Speed
• Total Quality for Excellence

ONGC

Vision:

To be a World–Class Oil and Gas Company integrated in Energy business with dominant Indian leadership and Global presence

Core Values:

• Integrity and transparency
• Courage to Explore, Knowledge to Exceed and Technology to Excel
• Responsible for the assets and the business of the Company in fair, diligent and ethical manner.
• Committed to the pursuit of excellence in all endeavors

If NTPC and ONGC are merged we see that it is a logical merger as both the companies operate in the power sector. NTPC deals in thermal energy whereas ONGC deals in Oil and Gas. The new company will be a power superpower and will be having the competitive edge in the market.The company will be called Combined Power Corporation (CPC)

Vision:

To be the major source of power to World making use of all the sources of energy

BHAG:
To be the No.1 power generator in all the sources of Energy (Wind, Solar, Biomass, Geothermal, Hydropower, Natural Gas, Coal, Nuclear, Oil) across India and the world

Core Values:

• Integrity
• Customer focus
• Innovation and speed
• Technology to explore and excel
• Focus on quality and excellence

Assignment 2:

Think of a knowledge consulting firm (or any company in knowledge sector); What would be its

1. Vision

2. BHAG

3. Core Values

4. Tentative Name

5. Suggested Website

I am taking Boston Consulting Group, Inc that is headquartered in Greater Boston Area, USA and is one of the best knowledge consulting firms

Vision:

To be agents of change - for our clients, our people, and society overall.

BHAG:

To be the first company that comes to the mind whenever anyone needs consulting services.

Core Values:

• Integrity
• Respect for the individual
• Diversity
• Clients come fast
• The strategic perspective
• Value delivered
• Partnership
• Expanding the art of possible
• Social Impact

Tentative Name:

BCG already has a name as it is an existing company.

However if I were to start a company on the above paramaters then I would have named it “Globe Consulting Group (GCG)”

Suggested Website:

I checked on the website www.checkdomain.com for various available domains and have finalized upon the domain name www.globeconsultinggroup.com

Assignment 3:

2 Articles on Innovation

This link to the first article is related to Salvador Dali, the painter who the professor had spoke of in the class->
http://www.innovationtools.com/Articles/ArticleDetails.asp?a=652

This is an interesting article that I came across for which discusses how to use twitter as a powerful idea discovery tool->

http://www.innovationtools.com/Articles/ArticleDetails.asp?a=515

Assignment 4:

2 Videos on Innovation

http://www.ted.com/talks/lang/en/chris_anderson_how_web_video_powers_global_innovation.html

http://www.ted.com/talks/lang/en/charles_leadbeater_on_innovation.html