I&E Assignment

Prepared By: Group 7

Anirudhya Jha (21810009)

Barnik Goswami (21810014)

Nandan Choudhary (21810036)

Priti Sarkar (21810050)

Rahu Das (21810052)

Saurav Sinha (21810066)

 Reliance Jio

Q1. How was Reliance Jio, with no innovation technology, able to create a
successful business model?

When the world understood that data is the new petroleum, Reliance delved into the telecom
market. Reliance identified an opening in the data segment while the telecom industry
fiercely competed in the voice call area. Data accounted for only a tiny amount of the
industry's revenue and modest demand for newer technologies.
Because these businesses had already invested in technologies such as 2G and 3G, their reach
was limited.
It tackled the industry with disruptive innovation, which meant making an affordable product
available in a market with a latent need, but no one was paying attention to it. It solved a
variety of issues, as listed below.

Legal issues
It purchased a 95% share in an IBSL, the only firm in India with a 4G bandwidth license in
all 22 circles.
When the world understood that data is the new petroleum, Reliance delved into the telecom
market. Reliance identified an opening in the data segment while the telecom industry
fiercely competed in the voice call area. Data only accounted for a small amount of the
industry's revenue, and the adoption of newer technology was limited.
Because these businesses had already invested in technologies such as 2G and 3G, their reach
was limited.
It took a disruptive approach to the business, making affordable products available in a
market with a latent need but was overlooked. It solved a variety of issues, as listed below.

Financial Issues
It initially raised funds through its petrochemical and retail operations and then utilized those
assets to substantially invest in JIO, which is used to develop its Voice over LTE technology.
They also used the money to keep up with their aggressive marketing penetration strategy.
RIL used its position in the sector to sell its stock once JIO established a stranglehold. As a
result, it was in line with Reliance's goal of becoming debt-free.

Marketing Issues
Its marketing problem was acquiring customers in a crowded market, so Jio devised an
effective plan. They start by giving away free sims and data to gain a large number of
subscribers. Jio also anticipates the issue of most consumers not owning a 4G-enabled phone.
As a result, Jio introduced the LYF Smartphones, which were also very affordable. This
overall strategy aids Jio in gaining a significant market share.

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 Reliance Jio

Q2. What are the core competence which has been applied in petro, e-
commerce business, Tele Communication? What are the abilities which
they are working on, and what are those four areas?

Stakeholders usually include investors, customers, employees, and partners. At Reliance

Industries Limited (RIL), time and time again, it has been proved that the core competence
lies in the implementation of large capital-intensive projects. The corporate governance at
RIL is all about developing and maintaining a stable relationship and steady flow of trust
with all stakeholders. RIL is committed to maximizing stakeholder's value and consider
stakeholders as partners. Stakeholders can be investors, employees, customers, partners, or
communities.
Investors' main interests lie in generating more profits. They desire to reduce operational
costs so that the dividends and EPS can increase. Investors' concerns are addressed through a
stable growth rate, the introduction of innovations, and the new business operations of RIL.
Customers, on the other hand, want lower-priced products of a higher caliber. RIL's R&D
department ensures that the product portfolio stays up to date and that the products maintain
the highest quality levels possible. Prices can still cause setbacks, though. RIL's most integral
part is its workforce. An Employee's interests lie in higher pay and better job security. To
satisfy these interests, RIL has numerous policies and schemes. These schemes and policies
partially fulfill the stakes as well. Business and Joint Venture Partners have their own set of
needs which are fulfilled via the Corporate Social Responsibility programs. This helps RIL to
expand and grow its business as well.
The Value Creation approach observed with the stakeholders emerges from faith in a
reliable governance system that is based on trust. This creation of enduring value for all is
another core competency of RIL.
Nationalism and Patriotism is another core competence of RIL. It is responsible for almost
5% of the total revenue of the Indian Government via customs and excise duty. RIL is also
one of the highest taxpayers in India.
Last but not least, Caring and Sustainable development is also a core competence of RIL.
This is clearly evident through the efforts made by the company in the help provided to the
communities in need via sustainable growth programs, health and safety programs, etc. They
also care about the environment.
The ability to develop and construct multi-billion dollar projects in record time and having
the greatest in-house pool of intellectual capital are two of Reliance's core competencies.
Stakeholders value Reliance's relationships and trust. The goal is to meet the ambitions of
stakeholders as well as social expectations. And Reliance is dedicated to achieving the goals
of all of its stakeholders. Reliance is responsible for over 5% of the entire customs and excise
duty revenue collected by the Indian Government. It is also the private sector's top income
tax payer in India.

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 Reliance Jio