the most lavish parties thrown in London this week to mark the start of the Olympic Games was that hosted by the London-based Indian steel magnate Lakshmi Mittal for India’s Olympic team. It was in effect a celebration of a larger investment that the billionaire has made in Indian athletics. Since 2005‚ he has been funding the $10 million Mittal Champions Trust to support 10 Indian athletes with "world beating potential". However‚ it’s a risky investment in an historically feeble enterprise. For
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CORPORATE LEADERS LAXMI NARAYAN MITTAL BRIEF HISTORY OF L N MITTAL Lakshmi Narayan MiTTAL born 15 June 1950 is a London-based London based Indian billionaire industrialist Born in Sadulpur village‚ in the Churu district of Rajasthan‚ India‚ and resides in Kensington‚ London. His father started a steel Mill in Hardoi‚ Uttar Pradesh‚ and nearly 80% of the Mill’s production used to be sold through the firm owned by Lala Gulab Chand. They eventually moved to Calcutta where his father‚ Mohan
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mentioning a few names of which every single Indian is proud of‚ such as Sachin Tendulkar‚ Vishwanathan Anand‚ Sania Mirza‚ Leander Paes‚ Mahesh Bhupati‚ Sushmita Sen‚ Aishwarya Rai‚ P.T. Usha‚ Shiny Abraham‚ Anju B George‚ Rajiv Gandhi‚ Kapil Dev‚ Sunil Gavaskar‚ Jaspal Rana‚ Major Rajyavardhan Singh Rathore‚ Anil Kumble‚ Rahul Gandhi‚ Dilip Tirkey‚ Apama Popat‚ Malleshwari etc. The very mention of these names fills the heart of an average Indian with pride. These are only a few examples of all the
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Case study CASE STUDY: LAKSHMI MITTAL AND THE GROWTH OF MITTAL STEEL QUESTION 3: What benefits does Mittal Steel bring to the countries that it enters? Are there any drawbacks to a nation when Mittal Steel invests there? ANSWER 3: Mittal Steel brings several benefits to the countries that it enters. It’s presence in the market is beneficial as it focuses on acquiring and improving distressed companies. These acquisitions also help contribute more capital to each country. However‚ they are
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............................5 2.3 Oligopoly ....................................................................................6 III. Company Profiles ............................................................................6 3.1 Arcelor Mittal .............................................................................6 3.2 Nippon Steel Corporation ...........................................................7 3.3 Shanghai Baosteel Group Corporation .................................
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Summary I. Basis 2 A. Arcelor-Mittal and Arabic countries 2 B. Objectives 2 C. Overview of the protagonists 2 1. A geopolitic tensed 2 2. Geography and infrastructures logistics 3 3. COFACE classification 3 4. Decision 4 II. ArcelorMittal in syria and in Arabia Saudi 4 A. Syria 4 1. Country profile 4 2. Regulatory 4 3. Financial incentives 4 4. Infrastructures 4 5. Industry 5 6. Latakia industrial city 5 B. Saudi Arabia (KSA) 5 1. Country profile 5 2. Private sector 5 3.
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PG0-002 MAY 6‚ 2011 PANKAJ GHEMAWAT RAVI MADHAVAN Mittal Steel in 2006: Changing the Global Steel Game On January 27‚ 2006‚ Laxmi Niwas Mittal (LNM) and his son‚ Aditya Mittal‚ Chairman & CEO and CFO respectively of Mittal Steel‚ prepared for the press conference at which they would announce Mittal Steel’s unsolicited €18.6 billion bid to acquire the European steelmaker Arcelor. Although Mittal Steel had been a prime mover behind the consolidation of the industry—and most participants
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CHAPTER ONE Discussion Questions 1. Consider the purchase of a can of soda at a convenience store. Describe the various stages in the supply chain and the different flows involved. When a customer purchases a can of soda at a convenience store‚ his purchase represents the end of a supply chain’s delivery of an item and the beginning of information regarding his purchase flowing in the opposite direction. The supply chain stages include customers‚ retailers‚ wholesalers/distributors
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Chapter Discussion Questions 1. Discuss the reasons that companies embark on cross-border strategic alliances. What other motivations may prompt such alliances? The text notes five motives for cross border alliances: 1) to avoid import barriers‚ licensing requirements and other protectionist legislation; 2) to share the costs and risks of the research and development of new products and processes; 3) to gain access to specific markets; 4) to reduce political risk while making inroads into a new market;
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iron and making the steel. If a company can get its hands on a new technology that allows it to under price its competitors then it has a big advantage in the steel industry. Nucor’s main rivals in the steel industry are AK Steel Holding Corporation‚ Mittal Steel Company‚ and U.S. Steel. The five forces for the steel industry are the buyers‚ substitutes‚ suppliers‚ threat of new entrants‚ and rivals. The buyers have a fairly strong power on the steel producers. This is because of the low switching cost
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