CASE STUDY ON RELIANCE(Core competence)
Relevant Management Topics : Core Competence, Diversification
There are two reasons for developing this
case study. First, it seems most people do not understand the concept of core
competence. I think it is important that every management student understand
what it means.
Second, Reliance Industries Limited is the largest business group inIndia
Financial highlights
The Reliance Group is India's largest business group in terms of all major financial parameters, including sales, exports, profits, net worth, assets, and market capitalization.
Total revenues: Rs 80,000 crore (US$ 16.8 billion)
Cash profit : Over Rs 9,800 crore (US$ 2.1 billion)
Net profit: Over Rs 4,700 crore (US$ 990 million)
Exports: Rs 11,900 crore (US$ 2.5 billion).
Market Value: $8.37 billion
Areas of Interest
Exploration and production of oil and gas
* Refining and marketing of petrochemicals (polyester, polymers, and intermediates) * Textiles
* Financial services * Insurance * Power * Telecom * Infocom * Life Sciences * IT Services
Reliance has emerged as India's Most Admired Business House for the third successive year in a TNS Mode survey for 2003. It isIndia
Reliance contributes over 3% ofIndia India
Even though, the case was developed before the group was split into two groups, both the groups headed by two brothers are very big and diversified even today. The discussion that this case study would generate would be applicable to the two new groups also. The above information relates to the Reliance Group before the split.
There is a lot of speculation in terms of what makes this group succeeds and what are its strength and core competence(s). A number of articles have been published on this issue. I believe to understand the concept of core competence; Reliance Group offers the best example.
Second, Reliance Industries Limited is the largest business group in
Financial highlights
The Reliance Group is India's largest business group in terms of all major financial parameters, including sales, exports, profits, net worth, assets, and market capitalization.
Total revenues: Rs 80,000 crore (US$ 16.8 billion)
Cash profit : Over Rs 9,800 crore (US$ 2.1 billion)
Net profit: Over Rs 4,700 crore (US$ 990 million)
Exports: Rs 11,900 crore (US$ 2.5 billion).
Market Value: $8.37 billion
Areas of Interest
Exploration and production of oil and gas
* Refining and marketing of petrochemicals (polyester, polymers, and intermediates) * Textiles
* Financial services * Insurance * Power * Telecom * Infocom * Life Sciences * IT Services
Reliance has emerged as India's Most Admired Business House for the third successive year in a TNS Mode survey for 2003. It is
Reliance contributes over 3% of
Even though, the case was developed before the group was split into two groups, both the groups headed by two brothers are very big and diversified even today. The discussion that this case study would generate would be applicable to the two new groups also. The above information relates to the Reliance Group before the split.
There is a lot of speculation in terms of what makes this group succeeds and what are its strength and core competence(s). A number of articles have been published on this issue. I believe to understand the concept of core competence; Reliance Group offers the best example.
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