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Blueprint for our

Shareholder,
transformation Government, Customers
Community

Developing long term strategy in Key value drivers to create long-term
line with our mission and vision value Suppliers,
Partners,
The strategy planning process stems from We are focused on delivering long-term Collaborators Employees
our mission of serving society through value for all stakeholders by attaining
science. It is tied to our vision to be a sustainable, pro table growth. This
sustainable Company with deep customer is achieved through deep consumer
insights, and engaging relationships engagement, operational excellence,
with all stakeholders in the business and sustained employee engagement.
of inorganic chemicals, consumer, and It involves a focus on sustainability and
specialty chemicals. This process is the key can be measured through revenue growth,
driver of our organisational sustainability improved return on capital employed
and growth. It provides a mechanism to (ROCE) and pro t before tax.
track changes externally and internally. Leadership and Management,
Core operational team

The strategic planning process

The process is an elaborate exercise that identi es the context in which we operate including strategic advantages, challenges, and core
competencies. It is designed to set the direction so that organisational objectives are achieved.
1 2 3
Environment scanning Direction setting Aligning SBU & functional LTSP
External inputs from stakeholders and Challenges, advantages and core SBUs develop strategic plans and
other formal or informal processes. competencies are reviewed at the initiatives for a ve-year horizon.
Analysis by Strategic Business Unit annual strategy and Long-Term Strategy Capital and manpower requirements are
(SBU) strategy team includes market Planning (LTSP) workshops. Leadership discussed and sustainability goals are
place changes, major technology shifts, provides strategic directions to each SBU, decided. Long term strategic plans are
regulatory changes, and manpower with targets, highlighting the boundary then integrated.
requirements. conditions, priorities and stakeholder needs.

7 6 5 4
Evaluation and improvement Strategy review Enterprise LTSP Strategy deployment

Feedback is provided by the Board, We have a pyramid BSC developed and cascaded SBU LTSPs are reviewed
senior leadership, and Tata Business review structure of the down the organisation by corporate strategy and
Excellence Assessments. Balanced Score Card (BSC). leading to individual nance teams.
Best practices from group Accelerated growth plans are goal plans. Inputs are provided to each
companies and other stakeholders also reviewed by the Board. LTSP to develop synergies.
are used to improve our strategy
planning process.

12 Annual Report 2017-18