Understanding Shrm at ItcUnderstanding SHRM at ITCHRM Case study12/12/2010Submitted ByAbhrajit Sett, Roll 140Vishal Thakkar, Roll 154Theme:Achieve a sustained competitive advantage in the business environment companies must align their human resource strategies with the business strategies of the company.
Sub Theme:Map the current HR policies using VRIO framework.Objective:This strategic alignment between Strategic Competitive Advantage and HRM will give the company a futuristic visioning towards the growth of the company and the ability to adapt itself to the contingencies emerging in the future.
Prior Practices:Large size of company covering various countries, regions, cultures and people. This could often lead to conflicting interests and ambiguity in designing strategy.
Approach/Methods:VRIO framework is resource-based view or an economic tool used to determine the strategic resources available to a firm. The fundamental principle of this approach is that competitive advantage of a firm lies primarily in the application of the bundle of valuable resources at the firms disposal
Results/Insights:Employee engagement at the executive level are a powerful tool to collect potential data required to link up SCA and HRM .Implications to Community/Industry:Benefit to stakeholders, employees of the company as well as the government and map the future goals of tobacco section of ITCValue to the Theme: NAKeywords:Tobacco Industry, VRIO Framework, Strategic HRM, SCAITC LimitedCompany Profile:ITC is one of Indias foremost private sector companies and has a diversified presence in Cigarettes, Hotels, Paperboards & Specialty Papers, Packaging, Agri-Business, Packaged Foods & Confectionery, Information Technology, Branded Apparel, Personal Care, Stationery, Safety Matches and other FMCG products. It has also entered into the life style retailing business with the lunch of the “Wills Sports” range of relaxed wear.
CIGE
ITC Value Inc.
1.3 million
$2.2 billion
Earnings per share of $4.92;$4.88;Earnings per share of $4.79;$4.48. This is the most recent annual Report, based on historical estimates. It is based on three separate analysis sets (in descending order of profitability) conducted between 2013-2014. All data in this report are from the first three years of 2012-12. Data released in December of 2013, following the announcement of ITC Value’s second annual shareholder meeting, are available to view at the following link.
CIGE’s shares are a target for change, according to ITC Value Inc’s leadership and strategic direction. ITC Value has a broad network of leading retail partner services (including: retail partner services; mobile business services; and office services, including: telephone, internet, information, and data services; information technology, such as digital services, and IT; business services, including: information technology, mobile services, banking services, email, banking devices, online banking); consumer services, such as home and household services; and business, including: health care services, such as health insurance; automotive, real estate, healthcare services and financial services; real estate and housing services. In 2013-2014 ITC Value Inc. invested more than $8 billion (0.9%), of which $5 billion was capitalized as a fixed-income financing. The Company’s stock price exceeded $40 a share for the second consecutive quarter (Chart 3). The Report also presents a three-time long range forecast for the price of ITC Value’s shares to begin in 2016. The Long Range Report includes the Company’s forecast to enter into a $10 billion revolving credit facility in the second quarter (a 12% growth rate) and anticipates that the cash in effect upon closing may be used to build on the results of the 2013 ITC Value Report. The Long Range Report includes the Company’s projections of annual dividends to be paid in fiscal year 2015 (the “Year-to-date” fiscal year), a $10 billion “Non-cash dividend” on a year-to-date basis. Current and future ITC Value projections are subject to certain uncertainties. In this report – which does not include the risk that ITC Value will be required to disclose future cash flows or income – ITC Value describes my view of the Company’s strategic plan and outlook for the future. ITC Values are published as soon as practicable after the completion of a public offering and are made available to interested parties upon request. ITC Value’s stockholders have access to this report to identify the latest results, to present the Market and ITC Value forecasts for the second quarter of 2015, and to communicate with the Financial Analyst at the ITC Value office about the reports. For more information, visit http://www.iTCValue.com/investor/investor.cfm.
ITC has a market capitalization of around US $ 4 billion and a turnover of