MNE, The Tata Group - An Intercontinental Company. Several recommendations have been offered to assist with the challenges Tata is currently facing, as well as ways to balance community and shareholder commitments.
Tata was formed in 1868 by Jamsetji Tata, and is one of the largest and oldest company's presently in India. Tata has been rapidly expanding and now has considerable intercontinental operations, receiving over half of their profits outside India. (www.tata.com, 2009) With Tata's numerous worldwide acquisitions, more management concerns arise. Several recommendations have been offered to assist with the challenges Tata is currently facing, as well as ways to balance community and shareholder commitments.
As a diversified multinational business faction, Tata is one of India's chief company's operating in seven different industry divisions such as: information and communication technology, materials, engineering, energy, services, chemicals and consumer products. Founded in 1868 by Jamsetji Tata; Tata now yields over $38.3 billion, employs approximately 350,000 workers globally, and has 27 publicly traded entities with 3.2 million stakeholders. With all their considerable intercontinental operations, each sector is independently operated with their own individual stakeholders and board of directors. The principal companies of The Tata Group are: "Tata Steel, Tata Motors, Tata Consultancy Services (TCS), Tata Power, Tata Chemicals, Tata Tea, Indian Hotels and Tata Communications". (www.tata.com, 2009)
Managing their considerable growth seems to be one of the most significant quandary's facing Tata. Ironically, Tata has ...
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Assembling successful incorporation of these entities in accordance with Tata's already established operations, values and culture deems to be a significant challenge as well. Getting all Tata divisions to embark on a specific Code of Ethics, as well as a standardized socially responsible platform can create considerable difficulties worldwide. Measuring company performance and developing company specific strategies seems to also be an area of concern for Tata. As with any company though, Tata needs to ..........