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Our Formula for Accelerating Focussed Growth

Our Strategic Planning Process, rooted in our mission, drives our vision, growth and
sustainability. It sets the strategic direction to achieve organisational objectives
and deliver long-term value to stakeholders.

Charting strategy process across horizons

Long-term horizon Medium-term horizon Short-term horizon
(> 5 years) (2-3 years) (1 year)
Enterprise level, strategic-oriented and Granular and addresses revenue Tactical and uses annual business plan
focussed on the role of innovation and forecasts, growth dimensions and and Strategy Deployment Matrix (SDM)
portfolio decisions sustainability planning tools to translate five-year plans into
specific actions

Strategy planning process at Tata Chemicals

Step 1 Step 2 Step 3 Step 4

Environment scanning Direction Setting Aligning SBU and Enterprise LTSP
and analysis • Review of strategic challenges, functional LTSP • Review of SBU LTSPs by
• Analysis of external and internal advantages and core • Devising 5-year horizon Corporate Strategy Team and
inputs (marketplace and competencies at the Annual strategic plan articulating financial targets by Corporate
regulatory changes, technology Strategy and Long-Term demand/market dynamics, Finance Team
shifts, manpower requirement, Strategic Plan (LTSP) workshop supply chain requirements • Provision of inputs to LTSP
etc.) by Strategic Business Unit • Assigning strategic direction to and financial, operational and to achieve synergies across
(SBU) and Corporate Strategy SBUs by leadership with defined competitor projections businesses
teams to develop SWOT targets • Resource allocation and
alignment of sustainability
goals with the strategic plan
• Integrating LTSPs among
mutually interdependent SBUs
Step 7 Step 6 Step 5

Evaluation and improvement Strategy review Strategy deployment
• Feedback from Board, Senior Leadership and • Pyramid review structure • Development of BSC using
Tata Business Excellence Assessment of the Balance Score Cards SDM and project trackers at
('BSCs'), SDMs and projects enterprise level and cascading
• Adoption of best practices
/ action plans at relevant it down to SBU level
• Communicating improvements/ forums
modifications to strategy team
• Review of accelerated growth
plans by Board of Directors

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