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Strategy formulation for IOCL for 2012

Strategy formulation for IOCL for 2012

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Published by mannu.abhimanyu3098

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Published by: mannu.abhimanyu3098 on May 01, 2009
Copyright:Attribution Non-commercial

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09/07/2011

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1
BY:ABHIMANYU SINGHDEEPTODIP SENMD. EJAAZSHUDHANSU KUMAR 
 
Strategy formulation for
IOCL
for 2012
 
2
INTRODUCTION
Started in 1959
49% petroleum products share,40% refining share
116 th position in Fortune – 500 list
Group refining capacity is 60.2 million metric tonnesper annum (MMTPA)
Indian Oil controls 10 of India’s 20 refineries
Accounts for 33.8% share of national refining capacity
Investing over Rs. 30,000 crore (US$ 6.8 Billion) by2012 to raise group refining capacity to over 80 MMTPA
 
Steps followed in Strategic Formulation
3
Analysis of extfactors-opportunities-ThreatsEvaluation:CurrentperformanceresultsExamination& evaluationthe current –Mission,vision,objective,strategies,policiesReview ofcorporateGovernance:BOD,TopmanagementScanning &AssessingEnvironment-structure-culture-resourcesSelectionstrategicfactors(SWOT)in the line ofcurrentsituationScanning &access ofexternalenvironment–social-taskGeneration& evaluationstrategicAlternativeReview &revision asnecessary:-Mission-ObjectiveAnalyzeinternalfactors:-strengths-weaknessSelection &recommendation of bestalternative

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