...VALE Briefly explain its profile (e.g. activity, business model, history, who are the owners). Vale is a Brazilian multinational specialised in mining and metal operations. It is the third largest mining company in the world, with over 85,000 employees and a revenue of $44 billion in 2013. The ownership is currently split into 3 golden-shares owned by the Brazilian Government and the rest is owned by pension funds. Founded in 1942 by the Brazilian Federal Government as Companhia Vale do Rio Doce (CVRD), it soon became the biggest company responsible for the country’s iron ore exports (80% in 1949). In 1982, Vale diversified its activity portfolio, but also expanding geographically. The firm was privatised in 1997, and as a result, decided to focus mainly on mining extraction as a primary business, only keeping logistics and energy as a way to reduce costs and risks of their main activity. From 2000 to 2007, Vale entered a phase of market consolidation, resulting in the company owning 85% of the iron ore production in Brazil. At the same time, the company diversified internationally to increase the participation of non-ferrous metals on total revenues – for example, a nickel-producing company in Canada, or coal-mining companies in Australia or China. Explain the company’s strategy, drawing from the data you found plus your assumptions. Vale’s vision is to be the number one global natural resources firm. In order to achieve its vision, Vale has a strategy of expansion: ...
Words: 861 - Pages: 4
...I PRAISE FOR The 4-Hour Workweek "It's about time this book was written. It is a long-overdue manifesto for the mobile lifestyle, and Tim Ferriss is the ideal ambassador. This will be huge." —JACK CANFIELD, cocreator of Chicken Soup for the Soul®, 100+ million copies sold "Stunning and amazing. From mini-retirements to outsourcing your life, it's all here. Whether you're a wage slave or a Fortune 500 CEO, this book will change your life!" —PHIL TOWN, New York Times bestselling author of Rule #/ "The 4-Hour Workweek is a new way of solving a very old problem: just how can we work to live and prevent our lives from being all about work? A world of infinite options awaits those who would read this book and be inspired by it!" —MICHAEL E. GERBER, founder and chairman of E-Myth Worldwide and the world's #1 small business guru "This is a whole new ball game. Highly recommended."—DR. STEWART D. FRIEDMAN, adviser to Jack Welch and former Vice President Al Gore on work/ family issues and director of the Work/Life Integration Program at the Wharton School, University of Pennsylvania "Timothy has packed more lives into his 29 years than Steve Jobs has in his 51." —TOM FOREMSKI, journalist and publisher of SiliconValleyWatcher.com "If you want to live life on your own terms, this is your blueprint." —MIKE MAPLES, cofounder of Motive Communications (IPO to $260M market cap) and founding executive of Tivoli (sold to IBM for $750M) "Thanks to Tim Ferriss, I have more time in my life...
Words: 47316 - Pages: 190
...I PRAISE FOR The 4-Hour Workweek "It's about time this book was written. It is a long-overdue manifesto for the mobile lifestyle, and Tim Ferriss is the ideal ambassador. This will be huge." —JACK CANFIELD, cocreator of Chicken Soup for the Soul®, 100+ million copies sold "Stunning and amazing. From mini-retirements to outsourcing your life, it's all here. Whether you're a wage slave or a Fortune 500 CEO, this book will change your life!" —PHIL TOWN, New York Times bestselling author of Rule #/ "The 4-Hour Workweek is a new way of solving a very old problem: just how can we work to live and prevent our lives from being all about work? A world of infinite options awaits those who would read this book and be inspired by it!" —MICHAEL E. GERBER, founder and chairman of E-Myth Worldwide and the world's #1 small business guru "This is a whole new ball game. Highly recommended."—DR. STEWART D. FRIEDMAN, adviser to Jack Welch and former Vice President Al Gore on work/ family issues and director of the Work/Life Integration Program at the Wharton School, University of Pennsylvania "Timothy has packed more lives into his 29 years than Steve Jobs has in his 51." —TOM FOREMSKI, journalist and publisher of SiliconValleyWatcher.com "If you want to live life on your own terms, this is your blueprint." —MIKE MAPLES, cofounder of Motive Communications (IPO to $260M market cap) and founding executive of Tivoli (sold to IBM for $750M) "Thanks to Tim Ferriss, I have more time in my life...
Words: 47316 - Pages: 190