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Business Proposal - Case Study Example

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Business Proposal Introduction The Tata Group has been a foremost name in global business platform comprising above 100 companies in around seven industry sectors. The group at present operates in more than 80 nations and also it performs export activities of its products as well as services to nearly 85 nations (Tata Sons Ltd, 2012)…
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Business Proposal
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Download file to see previous pages The trust that has been created at various departments of the company has helped Tata to establish several institutes like Indian Institute of Science, Tata Institute of Fundamental Research and Tata Institute of Social Sciences among others. The employee welfare aspect of Tata is so strong that it had created various facilities for their employees. The employees have to work 8-hours during the day; provident fund and maternity leave are a few of the facilities that are provided to the employees of Tata Group. In the year 2010-2011, Tata Group had contributed around US$170 million towards the upliftment of social causes (Tata Sons Ltd, 2012). The main objective of the paper is to develop a comprehensive understanding of the leadership strategies implemented by Tata Group to facilitate its business in India and all around the world. Based on the analysis, business proposal will be presented to the company which can enable it to gain further benefits and ensure sustainability. Role of the Leader in Initiating and Managing Change Leadership in any organization plays a vital role to take it to newer heights. Similar scenario can be observed in case of Tata Group as well. It is recognized to transform its operations in recent years for initially operating as a slow-moving giant which is risk-averse to a conglomerate which is dynamic and aggressive in its decision making. In this turn-around of approach, the leadership standpoint of Mr. Ratan Tata, the Chairman of Tata Group has been a major factor. He has taken certain remarkable initiatives that have led the organization to attain major growth and distinction. Thus, Mr. Ratan Tata, as a pioneering and diligent leader can be largely attributed to the ensuing growth of Tata Group (Prasad, Govind, & Sesha, 2008). The leaders of Tata have set up various strategies in order to get through the diverse competitive situations that took place at the organization. The leaders at Tata under the guidance of Ratan Tata have an immense sense towards directing the company at different directions depending on the demand of the company. The leaders of the company provide utmost significance to the employees of the organization and they gain a lot of importance in the company. The company shares five important principles like excellence, understanding, integrity, responsibility and unity (Prasad, Govind, & Sesha, 2008). The leaders of Tata utilize all the five principles to overcome all the changes that take place in the company. Tata Group has set up cost leadership approach for further expansion of the organization. The leaders had analyzed the position of Tata through the business model of the organization. The Tata Business Excellence Model (TBEM) has been the major driving force behind the transformation which has taken place in the organization. This business model has facilitated the company to ensure that business objectives of the company are attained keeping in consideration the due significance of rendering quality to the consumers (Prasad, Govind, & Sesha, 2008). The leaders at Tata finally decided that if the products of the company become more standardized then the cost of those products can be reduced quite easily. This strategy helped the company to develop a steel industry at Jamshedpur. Moreover, it has been viewed that the leaders at Tata has gained success ...Download file to see next pagesRead More
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