automation - Automating keystrokes and actions in Windows

I want to be able to either record key strokes or enter them in manually and be able to replay them.

For example:

Copy

1. 
   

   Manually highlight the text I want to copy.

   
   


2. 
   

   Ctrl+C

   
   


3. 
   

   Alt+Tab
   Manually position the cursor where I want to paste the text.

   
   


4. 
   

   Ctrl+V

   
   


5. 
   

   Alt+Shift+F10

   
   


6. 
   

   T

   
   

This would allow me to copy text into MS Word and set the formatting of the text.

Are there any tools for this?