Topic: MANAGING FINANCIAL PRINCIPLES AND TECHNIQUES
Aim
This unit provides the learner with the skills to apply financial principles relevant to strategic management in an organizational context, including forecasting, capital appraisal, budgeting, financial appraisal and analysis.
Summary of Learning Outcomes
To achieve a pass learners must demonstrate the ability to deal with each of the following outcomes:
1 Be able to apply cost concepts to the decision-making process
2 Be able to apply forecasting techniques to obtain information for decision making
3 Be able to participate in the budgetary process of an organisation
4 Be able to recommend cost reduction and management processes for an organisation
5 Be able to use financial appraisal techniques to make strategic investment decisions for an organisation
6 Be able to interpret financial statements for planning and decision making
Assignment Brief
Tata Motors Limited
Tata Motors Limited is India’s largest automobile company and among the top three in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. It is the world’s fourth largest truck and bus manufacturer.
Tata Motors Limited is India’s largest automobile company and among the top three in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. It is the world’s fourth largest truck and bus manufacturer.
Established in 1945, Tata Motors’ presence indeed cuts across the length and breadth of India. The company’s manufacturing base in India is spread across Jamshedpur (Jharkhand), Pune (Maharashtra), Lucknow (Uttar Pradesh), Pantnagar (Uttarakhand), Sanand (Gujarat) and Dharwad (Karnataka). Following a strategic alliance with Fiat in 2005, it has set up an industrial joint venture with Fiat Group Automobiles at Ranjangaon (Maharashtra) to produce both Fiat and Tata cars and Fiat powertrains.
Tata Motors is the first company from India’s engineering sector to be listed in the New York Stock Exchange (September, 2004). It has, through its subsidiaries and associate companies, operations in the UK, South Korea, Thailand, Spain and South Africa. The company’s commercial and passenger vehicles are also being marketed in several countries in Europe, Africa, the Middle East, South East Asia, South Asia, CIS, Russia and South America.
With over 4,500 engineers and scientists, the company’s Engineering Research Centre, established in 1966, has enabled pioneering technologies and products. The company today has R&D centres in Pune, Jamshedpur, Lucknow, Dharwad in India, and in South Korea, Spain, and the UK. It was Tata Motors, which developed the first indigenously developed Light Commercial Vehicle, India’s first Sports Utility Vehicle and, in 1998, the Tata Indica, India’s first fully indigenous passenger car.
In January 2008, Tata Motors unveiled its People’s Car, the Tata Nano, which India and the world have been looking forward to. The Tata Nano has been subsequently launched, as planned, in India in March 2009. A development, which signifies a first for the global automobile industry, the Nano brings the comfort and safety of a car within the reach of thousands of families.
Official Website: http://www.tatamotors.com/know-us/company-profile.php
