NEXT TO banking, we are informed, Business Consultancy is the most favoured profession for graduates in the United States and it is likely, as in so much else, that here in…
Abstract
NEXT TO banking, we are informed, Business Consultancy is the most favoured profession for graduates in the United States and it is likely, as in so much else, that here in Britain the same trend will be followed. It follows, as the famous query in a one‐time quiz member put it, that ‘it all depends on what you mean by Business Consultancy’.
EVERY so often somebody who claims to speak with the voice of authority or knowledge warns us that the inevitable result of advanced technology — or, rather, its adoption by…
Abstract
EVERY so often somebody who claims to speak with the voice of authority or knowledge warns us that the inevitable result of advanced technology — or, rather, its adoption by employers, whether private or state — will be enhanced unemployment.
THERE IS NO LACK of pundits who are ready to tell the government how their plan will reduce the massive figure of people who cannot find work. Our own contributor, Angus Downie…
Abstract
THERE IS NO LACK of pundits who are ready to tell the government how their plan will reduce the massive figure of people who cannot find work. Our own contributor, Angus Downie, elsewhere in this issue provides his own plan — to force job sharing and make up the sum then earned by each of the ‘partners’ by a contribution from oil revenues.
After a year long battle against superior forces Arthur Scargill who did not admit to defeat, marshalled his men and with banners flying and bands playing led his miners back to…
Abstract
After a year long battle against superior forces Arthur Scargill who did not admit to defeat, marshalled his men and with banners flying and bands playing led his miners back to their places of work and claimed to have gained the greatest victory ever by the working class.
In place of strife was the heading for a piece of legislation blueprinted in the Wilson government but never put into effect. They got cold feet from fear of political…
DURING most of last month and almost without exception, newspapers and journals, especially those serving trade and industry, have been referring to George Orwell's masterpiece…
Abstract
DURING most of last month and almost without exception, newspapers and journals, especially those serving trade and industry, have been referring to George Orwell's masterpiece (if that is what it was) almost as though it were divine script. This, despite the fact that at least as far as the magic date is concerned it was completely wrong. His prognostications have proved certainly no better than Nostradamus or Old Moore.
IN the run‐up period to the close of the year 1981 a White Paper on training was issued by the Government. In it was a sentence that could be called astonishing these days when…
Abstract
IN the run‐up period to the close of the year 1981 a White Paper on training was issued by the Government. In it was a sentence that could be called astonishing these days when academic ability is reckoned so highly. It said bluntly “Access to skilled work, or training to higher levels, should depend not on the form and structure of previous training but on proven ability”.
Amita Mital, Krishnan V. and Yuvraj Mehta
The following are the objectives of the case study: building and leveraging core competence, realizing the strategic advantage of incumbency and contribution to nation building as…
Abstract
Learning outcomes
The following are the objectives of the case study: building and leveraging core competence, realizing the strategic advantage of incumbency and contribution to nation building as a business potential.
Case overview/synopsis
Larsen and Toubro (L&T) started as a trading company in 1938. By 2023 L&T was a mammoth infrastructure company with a market cap INR 4,750bn operating 800–1,000 projects in engineering and construction at any point in time. It also worked in the domain of hydrocarbons, power and heavy engineering including defence engineering, financial services and development projects supported by technology. The company went through several phases of environmental disruptions in the form of the Second World War and India’s independence, which brought several opportunities for growth. L&T built competencies to leverage these opportunities, which also contributed to the nation building efforts in India. In 2023, several changes were occurring in the ecosystem in the form of energy changes, sustainability becoming a way of life and digitalization impacting every aspect of business. The managing director and chief executive officer Mr S.N. Subrahmanyan reiterated the need to focus on performance to make L&T a global leader in futuristic tech-driven engineering and solutions. He faced three major challenges – reducing exposure in non-core businesses, adopting technology to strengthen traditional business and leveraging the competence built over 85 years to improve the performance of L&T, while contributing to nation building.
Complexity academic level
This case study is suitable for MBA and executive programmes.
Supplementary materials
Teaching notes are available for educators only. Video of protagonist in conversation with Anant Maheshwari, President Microsoft India discussing the future plans of L&T for adopting new age technology. The video is available at the following YouTube link https://www.youtube.com/watch?v=OKb-_z_ch4E
Subject code
CSS 11: Strategy.
Details
Keywords
WE HAVE reviewed books on networking, that in many people's opinion was a vision of the distant future. Now it is coming closer, indeed it can be said to be here.
READERS can be forgiven if they have thought, from time to time, that we are anti‐union. This is not true, although we admit to thinking that they have for a long time forgotten…
Abstract
READERS can be forgiven if they have thought, from time to time, that we are anti‐union. This is not true, although we admit to thinking that they have for a long time forgotten their prime reason for existence — to fight for human rights for their members against what were, in days long gone by, very inhuman employers.