Ratan Tata: One of the Greatest Moguls the World Has Seen
Source Problems:
Under the wing and leadership of Ratan Tata, Tata group has now grown and became as India's biggest business conglomerate, a dynamic and aggressive organization.
This essay will seek to identify and answer all the questions for the case study of Ratan Tata ranging from the organization strategies (home market v. international ventures), determination if joint ventures are essential, question to whether how should the new successor manage for the future ahead and lastly, the risks faced in global expansion.
Secondary Problems:
When it comes to short term problems, they can be resolved instantly whereas long-term problems would require tactful planning and analysis which solutions are then derived and being planted across over a few years instead. The new successor faces a challenging task identifying these matters that proves to be unyieldingly difficult especially at this moment the global economy is shaky and not stable.
Short-Term Problems
Since the retirement of Ratan Tata, the challenge comes along to identify a true successor, which Ratan had finally chosen Cyrus Mistry. Ratan Tata is being looked upon as the savior whom had leaded the Tata Group into the gigantic globalized market and therefore, to fulfill his shoes could be one endearing task for Cyrus Mistry.
Moving forward, Tata Group faces a risk of losing the capability to further help support the society when it comes down to the New Economy realities. Since there will be an even tighter budget to come along due to the big investments made. Tata’s Group generosity remains to be unknown to many for the future years ahead. Questions arise as to if joint ventures are required and the risk involved in global expansion.
Long-Term Problems
Lacking of a centralized system within the Tata organization is evident as all of the organization entities are working independently. To further add on, they do not possess a central focused objective. It is also rumored the Tata Group might not
Under the wing and leadership of Ratan Tata, Tata group has now grown and became as India's biggest business conglomerate, a dynamic and aggressive organization.
This essay will seek to identify and answer all the questions for the case study of Ratan Tata ranging from the organization strategies (home market v. international ventures), determination if joint ventures are essential, question to whether how should the new successor manage for the future ahead and lastly, the risks faced in global expansion.
Secondary Problems:
When it comes to short term problems, they can be resolved instantly whereas long-term problems would require tactful planning and analysis which solutions are then derived and being planted across over a few years instead. The new successor faces a challenging task identifying these matters that proves to be unyieldingly difficult especially at this moment the global economy is shaky and not stable.
Short-Term Problems
Since the retirement of Ratan Tata, the challenge comes along to identify a true successor, which Ratan had finally chosen Cyrus Mistry. Ratan Tata is being looked upon as the savior whom had leaded the Tata Group into the gigantic globalized market and therefore, to fulfill his shoes could be one endearing task for Cyrus Mistry.
Moving forward, Tata Group faces a risk of losing the capability to further help support the society when it comes down to the New Economy realities. Since there will be an even tighter budget to come along due to the big investments made. Tata’s Group generosity remains to be unknown to many for the future years ahead. Questions arise as to if joint ventures are required and the risk involved in global expansion.
Long-Term Problems
Lacking of a centralized system within the Tata organization is evident as all of the organization entities are working independently. To further add on, they do not possess a central focused objective. It is also rumored the Tata Group might not