Business - WRTG-2 Assignment Essay Example | Topics and Well Written Essays - 1000 words

Business - WRTG-2 Assignment - Essay ExampleHowever, at the end of the day, one needs to last for the purpose of earning their livelihood. This is the reason why an individual gets paid for doing work. In simple words, work is defined as the process by which an individual accomplishes whatever activities against some financial offerings. Traditionally, there have been concepts that if one does not work, he/she may get indulged into some illegal activities. In that case work is important for either individual. Now, in the context of the study, I have been in the field of make perseverance. From the graduation days I have decided that I will be getting into a sector that has global opportunities. Also, I had a feeling that I should be working for an industry that offers continuous learning and allows me to showcase my talent. Hence, I decided to work for the steel industry. Steel industry has a worldwide scope. A large number of companies operate within the steel industry. However , the steel industry does not exist alone it collectively exists with put right and is known as iron and steel industry. Steel industry is also important for the economy of a country. It acts as an indicator of the national economy. The demand of steel is continuously rising. To cite an example, during the early 2000 the demand for steel increased by 6%. It is mainly imputable to the massive economic boom in countries such as India and China. Some of the evident players of the steel industry are Tata Steel, Shagang Group and Shanghai Baosteel Group Corporation. In the context of the steel manufacturing industry, it has a mixture of both proficient and unskilled labor force. As the industry needs high precision in the tasks, skilled labors are important. The process of manufacturing steel is complex, and there are various scientific ways of production. The industry has a diverse group of workforce starting from engineers, it has military group from marketing, sales and other field s of business. However, the task of different departments differs accordingly. Discussion There are eminent personalities who work in the steel industry. Some of them implicate rattan palm Tata, who is the owner of Tata Group and Tata Steel from India. According to Ratan Tata, the demand of steel is hugely increasing in the western part of the world therefore, the trade downfall in the parts of Europe and US has diminished. However, he has also highlighted that steel is yet to get out of trouble. According to him, the financial crunch and high apostrophize of raw material have severely affected the profit of the first fanny. Yet, the signals are encouraging, according to him. Also, according to Prasad Baji of Tata Steel, the industry is witnessing a booming period. Consumption of steel has increased by 56 % in the 1st quarter moreover, it is also estimated that the demand will further increase in the present quarter by about 810 % (Steel Industry Thinks the Worst Is over and Si gnals Are Cheery). Some of the other eminent personalities of this industry include Xu Lejiang, the chairman of Baosteel. According to him, the present situation of the Chinese steel industry is witnessing historic transformations. Nonetheless, in order to transform it for the betterment, it requires the transformation of both the steel and iron industries. He also believes that the key factor towards the development of the industry lies in its system of operation. In addition, he stated that innovation in the most