The Tata Group Managing a Conglomerate in an Emerging Market Environmental Analysis In 1991 the Indian government introduced a series of drastic reforms‚ liberalizing its government owned and controlled economy. Product expansion and new market entry became easier for companies in virtually every sector of the economy. This presented Tata with many opportunities to leverage its strong brand equity and financial resources to enter new markets
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As said by Jamsetji N. Tata‚ Founder‚ Tata Group. In a free enterprise‚ the community is not just another stakeholder in business but is in fact the very purpose of its existence." * Over the recent years too as earlier‚ the Tata philosophy to ’Give back what you get’ has been followed by all their enterprises across India. Be it relief measures‚ rural development‚ health care‚ education and art and culture‚ they have been very forthcoming. As result every year‚ the Tata Group’s contribution
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Corporate Social Responsibility – Issues and Challenges in India with a case study of TATA GROUP Nilesh R. Berad nileshb_iom@bkc.met.edu MET Institute of Management‚ Nasik Introduction: In India companies like TATA and Birla are practicing the Corporate Social Responsibility (CSR) for decades‚ long before CSR become a popular basis. In spite of having such good glorious examples; In India CSR is in a very much budding stage. A lack of understanding‚ inadequately trained personnel‚ coverage‚
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Simone Tata [pic] Contents 1. Personal and working life…………………3 2. Struggle…………………………………….5 3. Achievements……………………………….7 4. Future plans………………………………....8 5. Reference………………………………….....10 1. Personal and working life | |Simone Tata‚ Chairperson‚ Trent | | |Reticent‚ shy‚ soft are the words that come to your mind when you meet Simone Tata‚ the 72-year-old
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LEADERSHIP QUALITIY OF RATAN TATA RATAN TATA (born December28‚ 1937 in Mumbai) is the present chairman of the Tata Group India largest conglomerate established by earlier generation of his family. PERSONALITY • Very dignified •Ethical •Dependable •Believes in keeping promise •Loyal and believes in relationship •Questioning the unquestionable • Risk taker not a speculator • Employ leadership quantities and a tremendous m motivator Motivation RATAN TATA must always keep motivating
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TATA steel strategy was to integrate the value chain of steelmaking to aid the growth of Asia’s bubbling construction economy. When presented with the opportunity (financially the government policies made it easier) to gain access to the other markets‚ they later acquire CORUS which was an established name in Europe‚ but were not cost effective in their operations (Tarun Khanna‚ Krishna G. Palepu and Richard J. Bullock‚ 2009). This acquisition provided them the right synergy by combing the low cost
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MARCH 2009 FINANCIAL HIGHLIGHTS During the year‚ the Company reported its highest ever Profit after Tax (PAT) of Rs. 922.20 crores‚ as against Rs. 869.90 crores for the previous year‚ a growth of 6%.The Operating Revenue is also higher at Rs. 7‚236.23 crores‚ as against Rs. 5‚915.91 crores‚ a growth of 22.3%. Operating Revenue is higher mainly owing to new tariff approved by the
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Cases Tata Group uses two different strategies locally and internationally when dealing with its businesses. Local businesses under Tata Group’ umbrella uses the Domestic Strategy which requires product differentiation base on the local adaption. Such example is the Tata Nano Car and the Tata Ace Truck (picture below)‚ produced by Tata Motors at an affordable price for the people in India. Ratan Tata wanted to produce a car which is super cheap yet reliable. Aside from this example‚ Tata Group
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INDUSTRY: BRIEF History Tata Sky is set to revolutionize television viewing in India through its superior digital quality picture and sound. The service aims to empower the Indian viewer with Choice‚ Control and Convenience through its wide array of programming choices and interactive features. Tata Sky offers viewers a variety of channels ranging from entertainment‚ sports‚ movies and music to news and documentaries in DVD quality picture and CD quality sound. Tata Sky has established an extensive
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SHAKY START Left to himself‚ Ratan Tata would probably have stayed on in the United States after training as an architect at Cornell University. But the son of deputy group chairman Naval Tata and the nephew of JRD Tata couldn’t be allowed to work outside the group (he had an offer from IBM). In 1962‚ Ratan joined the family business‚ working on the Tata Steel shopfloor at Jamshedpur‚ just one of several thousand employees. He got his first independent assignment less than a decade later --
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