When it comes to business, diversification is a good thing, but one that is rarely simple. Especially when the company is the largest diversified mining company in the Americas—with international operations on five continents.
Such is the case with Companhia Vale de Rio Doce (Vale), a company that has evolved from public to private ownership since its beginning in l942, and today has expanded into the electric power and aluminum industries. With this growth comes success, but also its share of challenges.
In an effort to build Vale into one of three leading global firms in the mining industry, company executives realized several years ago that they needed to take steps to unify their management tier through a shared vision and cohesive practices. They also agreed that it was important to align Vale’s infrastructure, which had become an unwieldy combination of acquisitions and global offices. To meet these goals, key managers needed to acquire new knowledge and skills that supported the company’s ambitious mission. The executive team at Vale selected MIT Sloan Custom Programs to help them fulfill this mission because they felt a leading-edge business school with a technology bent would be the ideal partner.
“We needed to think hard how to lead the business as a whole and oversee its strategic transition from a state-based company to a private, globally-focused company. In MIT Sloan, we found great people totally committed to our transformation,” said Marco Dalpozzo, Vale’s Human Resources and Organizational Development Director.