To produce and market the planned quantity of coal and coal products efciently and economically in an eco-friendly manner with due regard to safety, conservation and quality. VISION "To emerge as a global player in the primary energy sector committed to provide energy security to the country by attaining environmentally & socially sustainable growth through best practices from mine to market." Strategic Management Process Strategic management analyzes the major initiatives taken by a company's top management on behalf of owners, involving resources and performance in external environments. It entails specifying the organization's mission, vision, and objectives developing policies and plans, often in terms of projects and programs that are designed to achieve these objectives and then allocating resources to implement the policies and plans, projects and programs. !here are five major steps for a company to follow when developing a strategy" #ssess its competitors and market. Set goals and strategies based on the company's competitive position. $eassess each strategy annually or %uarterly &i.e. regularly' to determine how it has been implemented. $eassess each strategy to determine whether it has succeeded or needs replacement by a new strategy to meet changed circumstances. !hese include new technology, new competitors, a new economic environment, or a new social, financial, or political environment. (valuate and control the business and the industries in which the company is involved . Assessing Competitors and Market Conditions !he first step involves performing a situation analysis, self)evaluation, and competitor analysis*both internal and external, and both micro)environmental and macro) environmental. +hen assessing competitors, consider determining what makes a competitor attractive to its customers and what your company can learn from that competitor's success. #lso, consider what your potential customer needs. ,o your customers enjoy every aspect of your product or service- +hat bothers them about ac%uiring or using your product- Is there any way that the business can improve the user's experience- Setting Goals .oncurrent with the competitor assessment, short) and long)term objectives are set. !he objectives can cover a variety of different areas, from production targets to how to reach out to potential new customers. !hese objectives should include completion dates. Implementation Implementation plans then detail how the objectives are to be achieved. Implementing a strategy involves organizing, resourcing, and employing change management procedures. !his may re%uire organizational changes, such as creating new units, merging existing ones or even switching from a geographical structure to a functional one or vice versa. #dditionally, implementation may re%uire significant budget shifts, impacting human resources and capital expenditure. # visua Project Engineer 521 Wipro Salaries in India &26 in US' 351,746 /01k 122k Software Engineer 248 Wipro Salaries in India &26 in US' 403,587 /22k 3.145 Senior Software Engineer 212 Wipro Salaries in India &63 in US' 513,240 64k /5 Project Manager 98 Wipro Salaries in India &2,560 in US' 1.13M 322k /.75 Project Engineer - Monthly 86 Wipro Salaries in India &26 in US' 23,2878mo 0,922 :2k Business Analyst 69 Wipro Salaries in India &106 in US' 773,713 349k /.495 Technical Lead 58 Wipro Salaries in India &46 in US' 916,220 317k /.:45 Consultant 50 Wipro Salaries in India &963 in US' 981,900 /92k /.15 Software Engineer - Monthly 48 Wipro Salaries in India &26 in US' 24,9418mo /2k :2k Senior Project Engineer 46 Wipro Salaries in India &4 in US' 464,819 422k 792k Associate Consultant 44 Wipro Salaries in India &27 in US' 684,136 322k /.445 Software Develoer 42 Wipro Salaries in India &11 in US' 375,524 432k 972k Senior Consultant 36 Wipro Salaries in India &26 in US' 1.17M 922k 4.45 Manager 29 Wipro Salaries in India &15 in US' 1.24M 962k /.75 Tech Leader 29 Wipro Salaries in India 768,812 ::2k /.295