Jeanny Brown OL 326 Final project ITC LTD Toward A Triple Bottom Line Performance
[2023-10-24 17:31:31]
ITC LTD: For Triple Bottom Line Performance 2 ITC LTD official name India Imperial Tobacco Co., Ltd. was established on August 24, 1910. Their company has a multi-business portfolio covering a wide range of businesses. Fast moving consumer goods (food, personal care, tobacco, etc.), hotel, specialty paper, packaging, business and information technology are the five major areas of its portfolio. Originally, tobacco was the foundation of the company and growth for 60 years was spent on it. In 2010, ITC launched new hand-rolled tobacco products in the Indian market. This was sold only at high-end stores. In 2007, ITC CEO spoke to shareholders and said the company would pursue a responsible way even if the "virtual market" might be weak (Ojha, 2010). In 2008, ITC was recognized as a model of triple bottom line performance and created economic, environmental and social values that contributed to the progress of the country. Triple bottom line performance is a measure of company's contribution to building economic, social and environmental capital to improve social sustainability. ITC believes that in the strategic context of a company, not only are companies financed but also the ability to transform a development model that changes game rules by releasing corporate vitality, innovation, and creativity It is. Always develop a unique model to generate livelihoods and environmental capital. Such a corporate social responsibility program creates scalable, replicable and sustainable results. Annual plan to submit annual corporate social responsibility plan to the Board of Directors
ITC LTD: Achieving Triple Bottom Line Performance 3 ITC relies on several advantages in daily work. The most powerful is the company's existing time (about 100 years) and an experienced management team. The influence and diverse portfolio of their strong brands allow them to reach the majority of their population through their products. R & D is also extremely powerful, and ITC has invested heavily in facilities that support these functions. Even large companies such as ITC have exploitable weak points. ITC relies heavily on tobacco income, but government sanctions and the World Health Organization are putting pressure on tobacco companies to restrict and reduce production due to health risks, which may reduce profits. According to statistics, the mortality rate of tobacco products in India is so high that the use of tobacco is eliminated. Since competition provides cheaper alternatives than ITC, business losses also arise. Hotel industry is ITC industry
The ITC LTD was introduced in the last project of OL 326. Overview ITC Ltd. is a very diversified company that is interested in various fields such as becoming a leader in India's tobacco industry. Their market capitalization is close to $ 14 billion, employing more than 29,000 people in over 60 locations in India. ITC Limited was founded in India in 1910 by a British tobacco company. In 2011, ITC Limited was the leading company in the cigarette industry, with a market share of approximately 75%. In a study conducted by Fortune India and Hay Group (itcportal.com), ITC was named Forbes magazine, the world's top biggest company, Asia's "Fab 50", the world's most famous company, and "India" It was. The most respected company "ITC Ltd. is a profitable company with all branches. Major Attributes ITC has many advantages of making a company one of the world's largest large companies. From the beginning, they have a strong and experienced management team.
ITC LTD: For Triple Bottom Line Performance 2 ITC LTD official name India Imperial Tobacco Co., Ltd. was established on August 24, 1910. Their company has a multi-business portfolio covering a wide range of businesses. Fast moving consumer goods (food, personal care, tobacco, etc.), hotel, specialty paper, packaging, business and information technology are the five major areas of its portfolio. Originally, tobacco was the foundation of the company and gr