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MANAGEMENT’S DISCUSSION AND ANALYSISTHE CHAIRMAN’S LETTER TO SHAREHOLDERS<strong>Aditya</strong> <strong>Birla</strong> <strong>Nuvo</strong> LimitedIt is my abiding beliefthat our people arethe single mostimportant enablersfrom every perspective.Our Talent Management and Leadership Developmentprocesses have been further enhanced, to meet our veryspecific talent requirements, with many more employeesbeing included. To mention a few, launched:• a Global Manufacturing Leadership Program to inductlateral recruits and fortify our technical talent in our Units.• a Continuing Education Policy to support managers inacquiring higher specialist education for skillsupgradation while they continue to be in their jobs.• “Cutting Edge”, the accelerated P&L Leadershipdevelopment Program, to enable function leaders totransition to P&L roles.• And over 30,000 touch points to our learners throughmultiple learning formats. With these the number ofpeople being targeted for honing competencies anddeveloping skills has risen many times over. This is insync with our “World of Opportunities” proposition.The customisation of these learning programmes is farsharper this year on.Beyond BusinessGiven that our employees have a desire to contribute tothe larger community, including those of their colleagueswho need support, we are setting up a new trust calledthe “World Of Opportunities Foundation”, thorough whichour employees can contribute to supporting the highereducation of children in need.Last Man Standing-First Man ForwardAnd finally let me add that over the years, we have throughdetermined and deliberate effort come to be in this positionof being the ‘Last Man Standing’, almost across each ofour businesses. And when we do face a downturn today,from our position of strength, the message I want to conveyis that, the last man standing has the best chance at beingthe first man forward. The first man forward to consolidatemarket positions, to show superior performance in eachindustry and get a few steps ahead of competition.Yours sincerely,Kumar Mangalam <strong>Birla</strong>vi Annual Report 2011-2012

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