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Features of International Management: Tata group - Case Study Example

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This research aims to evaluate and present various leadership theories including Great men theories, trait-based theories, contingency theories, situational theories, behavioural theories, participative theories, management theories and relationship theories…
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Features of International Management: Tata group case
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Download file to see previous pages The paper tells that successful businesses organizations are often associated with a dynamic leadership. Examples of real life show how large business organizations have succeeded in the global competitive markets because of a visionary leadership. Some notable examples can very well include legendary business leaders like Steve Jobs (Apple Inc), Bill Gates (Microsoft) as well as NR Narayana Murthy (Infosys Technologies). These leaders have shown very effective leadership by way of farsightedness and vision to succeed in markets and bring about large and successful business organizations. The importance of leadership can not only be analysed from success stories in the real life business world but also from cases of failure. This includes the fall of the famous energy giant Enron or the fallout of the Indian software major Satyam. These examples show a true authentication of the aspect and the importance of leadership and effective management as the key for success in a business organization. The leaders should have a personalitfy so that he/she sets up an example for the rest of the others in the organization to admire and imbibe. The leader should have vision and attitude so as to foresee opportunities and threats and overcome them with the strengths and opportunities. The present report would analyse the case of Ratan Tata and the Tata Group as a whole with regards to various perspectives including the aspect of leadership as well as certain other organizational issues that are directly linked to it. Analysis of Case Leadership There are various leadership theories including Great men theories, trait based theories, contingency theories, situational theories, behavioural theories, participative theories, management theories and relationship theories. These theories tend to define the leadership qualities and style for a leader6. In the context of the present case Ratan Tata can be traced to great men theories. Ratan Tata is a born leader and from a very small age has taken over the reins of the company. Under his visionary leadership the company has grown from being a case study of low profits to a global giant. Ratan Tata as defined in the case is also authoritative and does not hesitate to take up bold decisions even in turbulent situations such as the handling of the crisis of disputing labour unions at the company’s Jamshedpur plant. The leadership style of the Ratan Tata is of a transformational nature as the leader is credited with making the company turnaround to growth and profitability7. Ratan Tata is said to have been credited with the conceptualisation of the creation of the world’s cheapest car the Tata Nano that is a technological marvel. He is also credited with the successful merger of the company’s steel unit (Tata Iron and Steel) with the European steel maker Corus to make the company a top notch global player in the steel industry8. Ratan Tata’s leadership style involves a situation in which even at an age of 69 the leader is well versed with even specific and minute details about the company and the large number of diversified business units. The nature of leadership has been so effective that it has become very difficult for the company to find a successor to Ratan Tata who is due to retire early. BCG Model One of the major aspects highlighted in the case goes about the company’s management of a large number of sub-units or business units. Currently the company is engaged in the business of making salt to software that makes it a very diversified and huge business. As reflected in the case Mr. Ratan Tata has acknowledged that one the fronts that needs immediate attention is the skimming up of the business units and generating greater focus areas within the business and the ...Download file to see next pagesRead More
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