Tata Steel Limited was founded in 1907 by Dorabji Tata.
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It was formerly known as Tata Iron and Steel Company Limited
(TISCO).
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It’s a Transnational MNC with a geocentric attitude with primary focus on using the best approaches and bringing in qualified people from all across the world.
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It has operations in 26 countries and markets in over 50 countries with over 80,000 employees.
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It is the 12th largest steel producing company in the world(2012).
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It was ranked 471st in the 2013 Fortune Global 500 ranking of the world's biggest corporations.
Organizational Culture
Innovating Culture: TATA Steel fosters a culture of innovation and continuous improvement. It launched ‘Steel Junction’ in 2005, which was India’s first organized retail store for steel products.
Special type of steel for North-East Indian states which are more prone to Earthquakes.
Invests regularly in developing eco-friendly methods of manufacturing steel eg. Hydrofoaming Crude Steel.
Tata Steel’s R&D efforts focus on breakthrough technologies (through its participation in the ULCOS project) and Raw Material beneficiation to effect reductions in greenhouse gas emissions.
Organizational Culture
Team Orientation: Through Initiatives like ‘Manthan Ab Shop-floor
Se’ & T.A.S, they promote sharing of knowledge & leadership skills to their employees.
People Orientation: ‘People are our greatest asset.’ The employee engagement practices, facilities and benefits are aligned towards ensuring the satisfaction & retention of employees.
The Tata Steel Management Development Centre (TMDC) creates managerial and functional training opportunities for all officers of
Tata Steel India.
Diverse Culture. The company promotes a diverse working environment to enhance employee morale and also to promote creative thinking.
Approach to Globalisation
In 1990, it started expansion plan and