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The Tata Group is an Indian multinational conglomerate founded in 1868 with operations in over 80 countries across multiple business sectors including engineering, materials, energy, and consumer products. It has over 100 operating companies, 32 of which are publicly listed. The Tata Group aims to improve quality of life globally through long-term stakeholder value creation and good corporate citizenship is part of its culture. It operates across various business divisions with independent operations in sectors like housing, information technology, beverages, and engineering.
The Tata Group is an Indian multinational conglomerate founded in 1868 with operations in over 80 countries across multiple business sectors including engineering, materials, energy, and consumer products. It has over 100 operating companies, 32 of which are publicly listed. The Tata Group aims to improve quality of life globally through long-term stakeholder value creation and good corporate citizenship is part of its culture. It operates across various business divisions with independent operations in sectors like housing, information technology, beverages, and engineering.
The Tata Group is an Indian multinational conglomerate founded in 1868 with operations in over 80 countries across multiple business sectors including engineering, materials, energy, and consumer products. It has over 100 operating companies, 32 of which are publicly listed. The Tata Group aims to improve quality of life globally through long-term stakeholder value creation and good corporate citizenship is part of its culture. It operates across various business divisions with independent operations in sectors like housing, information technology, beverages, and engineering.
Tata Group is an Indian multinational conglomerate company headquartered in
Mumbai, India.[3] It encompasses seven business sectors: communications and information technology, engineering, materials, services, energy, consumer products and chemicals. Tata Group was founded in 1868 by Jamsetji Tata, as a trading company. It has operations in more than 80 countries across six continents. Tata Group has over 100 operating companies with each of them operating independently. Out of them 32 are publicly listed. The Tata groups core purpose is to improve the quality of life of the communities it serves globally, through long-term stakeholder value creation. Good corporate citizenship is part of the Tata groups DNA. Sixty-six percent of the equity of Tata Sons, the promoter holding company, is held by philanthropic trusts, thereby returning wealth to society. As a result of this unique ownership structure and ethos of serving the community, the Tata name has been respected for more than 140 years and is trusted for its adherence to strong values and business ethics. The below is the corporate structure of Tata Sons across the various divisions of their business operations.
VISION Development that enables sustainability and community empowerment MISSION
To be a center of excellence in sustainable development that Builds knowledge, capacities, partnerships and models of development Promotes effective execution for environmental integrity and creating and sustaining livelihoods Improve quality of life especially of marginalized and vulnerable communities Nurtures innovation and learning
VARIOUS DIVISIONS IN THE TATA GROUP:
Tata have spread their operations across all the sectors of the economy and provide quality products and services to all the classes of the people. Through their efficient management systems and Excellency in service they have grabbed a huge part of the international market and as well as the Indian market. Their efficiency of serving the economy has led them in making a mark on the fortune 100 lists of companies globally.
1. TATA HOUSING Tata Housing has established itself as one of the key players in the Indian real estate industry. Our basic purpose is to provide an enhanced lifestyle coupled with sustainable environment wherever we work. As a responsible corporate citizen, sustainability is an integral part of our strategy. We aspire to be the market leader by offering iconic and world-class property development in India. Mission To delight our customer by providing quality life spaces through continuous innovation Vision TATA HOUSING DEVELOPMENT COMPANY: To be the most preferred brand in the premium-housing segment TATA VALUE HOMES: To be Indias largest home provider
2. INFORMATION TECHNOLOGY AND COMMUNICATIONS The Tata group has well-established enterprises in the fields of software and other information systems, telecommunications and industrial automation. Vision: Deliver a new world of communications to advance the reach and leadership of our customers.
Mission: Tata Communications is a leading global provider of IP, telepresence and wholesale communications services. With a leadership position in emerging markets, Tata Communications leverages its advanced solutions capabilities and domain expertise across its global and pan-India network to deliver managed solutions to multi-national enterprises, service providers and Indian consumers.
3. TATA GLOBAL BEVERAGES Mission A global business on a mission to lead the world in 'good for you' beverages. Vision We believe passionately in making the world a better place through life-enhancing sustainable hydration - and its our mission to make this a reality. What do we mean by life-enhancing sustainable hydration? Put simply beverages, which taste good, are good for you, good for others and good for the planet.
4. ENERGY The Tata group is a significant player in power generation and is also involved in the oil and gas segment. Vision: To be the most admired and responsible Integrated Power Company with international footprint, delivering sustainable value to all stakeholder. Mission: We will become the most admired and responsible Power Company delivering sustainable value by: Operating our assets at benchmark levels Executing projects safely, with predictable benchmark quality, cost and time Growing the Tata Power businesses, be it across the value chain or across geographies, and also in allied or new businesses Driving Organizational Transformation and creating a Culture that will help us to deliver on our strategic intent Achieving our sustainability intent of Leadership with Care, by having leading and best practices on Care for the Environment, Care for the Community, Care for the Customers and Shareholders, and Care for the People. Being the lead adopter of technology, wherever appropriate, with a bold spirit of pioneering and calculated risk taking, and building capabilities that would help us internalise the use of these technologies. 5. ENGINEERING PRODUCTS AND SERVICES The Tata group has a robust presence in engineering, with operations in automobiles and auto components and a variety of other engineering products and services.
VISION: To be an internationally respected engineering consultant offering comprehensive solutions
MISSION: Provide technically excellent and innovative solutions, for adding value for all stakeholders, and operate globally as professional consulting engineers
6. CONSUMER PRODUCTS The Tata group has a strong and longstanding business in watches and jewellery, and a growing presence in the retail industry. As they have spread across a wide range of products, below are some of the product companies mission and the vision statements.
i) Tata Coffee Vision: Tata Coffee will strive to be the preferred choice in the premium markets. Customer centricity, quality, sustainability and an engaged workforce will be our drivers to achieve a Rs.1,000 crore enterprise by 2015. Tata Coffee shall be perceived as one of the most respected organizations in the plantation and extraction business. Mission To continuously enhance value to stakeholders through our operations while preserving and enhancing the ecological wealth entrusted to us. Improving the quality of life of our people.
7. CHEMICALS The Tata group is one of the largest producers of soda ash in the world. Additionally, it has interests in fertilizers and in the pharmaceuticals business. Vision: We shall be amongst premier chemical companies by: Leveraging science to deliver new and innovative offerings Enhancing value to our customers Delivering superior returns to our shareholders Leading in corporate sustainability Nurturing innovation, learning through diversity and team work amongst employees
Mission
Serving society through science
8. MATERIALS The Tata group is among the global leaders in this business sector, with operations in steel and composites.
Vision: We aspire to be the global steel industry benchmark for Value Creation and Corporate Citizenship We make the difference through: Our People By fostering teamwork, nurturing talent, enhancing leadership capability and acting with pace, pride and passion. Our Offer By becoming the supplier of choice, delivering premium products and services and creating value for our customers. Our Innovative Approach By developing leading edge solutions in technology, processes and products. Our Conduct By providing a safe workplace, respecting the environment, caring for our communities and demonstrating high ethical standards.
Mission: Consistent with the vision and values of the founder Jamsetji Tata, Tata Steel strives to strengthen Indias industrial base through the effective utilization of staff and materials. The means envisaged to achieve this are high technology and productivity, consistent with modern management practices. Tata Steel recognizes that while honesty and integrity are the essential ingredients of a strong and stable enterprise, profitability provides the main spark for economic activity. Overall, the Company seeks to scale the heights of excellence in all that it does in an atmosphere free from fear, and thereby reaffirms its faith in democratic values.
9. SERVICES The Tata group has widespread interests in the hospitality business, as also in insurance, realty and financial and other services
Vision: "TCS will be recognized and respected as professional, innovative, profitable information, and knowledge based logistics/services enterprise. TCS embeds internet based technologies into its internal operating structures and as business solutions for customers; with customer, employee and shareholder interests at the core of its operations; demonstrating a clear concern for ethical conduct and good corporate citizenship; with the objective of growing into a regional and global player, with emphasis on the Middle East, Europe and North America".
Mission: "To direct all our organizational efforts at building upon the existing organizational strengths and brand recognition to achieve enhanced levels of profitable growth in the core business, and diversify into new areas that compliment and supplement the core business, with the diversification aimed at achieving excellence and industry leader status in the new areas. The TCS People will however be encouraged to be open to unconventional ideas and services and recognize new trends at very early stages".
10. TATA AIG LIFE INSURANCE:
Mission To create unmatched value for our customers, employees, business partners and shareholders by delivering remarkable service that is consistent, fair and transparent.
Vision To be India's most preferred General Insurance Company.
1. Corporate level strategy Leveraging our capabilities: We have an extensive range of products in commercial vehicles (for both goods and passenger transport) as well as passenger vehicles. We have plans to leverage this broad product base further with our strong brand recognition in India, our understanding of local consumer preferences, well developed in-house engineering capabilities and extensive distribution network. Expanding our international business: We have a two-fold strategy of expanding our operations into other geographic areas, through strategic acquisitions and by expanding our product range into select geographies where we have an opportunity to grow in markets with similar characteristics to the Indian market. Our international business strategy has already resulted in the continuous growth of our international operations over the past three fiscal years. For example, we have consolidated our position in the Ukraine to become the largest competitor in the light bus market under seven meters and the third largest competitor in the seven ton GVW light truck segment, in terms of unit sales. TDCV continues to be the largest exporter of heavy commercial vehicles from South Korea. Additionally our acquisition of Jaguar Land Rover has significantly expanded our geographical presence. While we continue to export from India and South Korea into many of these markets, we are also establishing a manufacturing footprint where it is beneficial to do so. We have established a Subsidiary along with Thonburi in Thailand to manufacture pickup trucks and have also received approval from the Thailand government for the Eco-car project. Continuing focus on high quality and enhancing customer satisfaction: One of our principal goal is to achieve international quality standards for our products and services and we are pursuing various quality improvement programs, both internally and at our suppliers premises. We have established a procedure for ensuring quality control of outsourced components. Products purchased from approved sources undergo a supplier quality improvement process. We also have a program for assisting vendors from whom we purchase raw materials or components to maintain quality. Each vendor is reviewed on a quarterly basis on parameters of quality, cost and delivery. Preference is given to vendors with QS- 9000 certification. We also maintain a stringent quality assurance program that includes random testing of production samples, frequent re-calibration of production equipment and analysis of post-production vehicle performance and ongoing dialogue with workers to reduce production errors. Reducing costs and breakeven points: We believe that our scale of operations provides us with a significant advantage in reducing costs and we plan to continue to sustain and enhance our cost advantage. While we believe that our commercial vehicle business has scale that is competitive in relation to global standards, with the launch of the Tata Nano, we will be able to benefit from global economies of scale in the passenger vehicle business as well. 2. Business level strategies Business level strategies are more specific. There are many divisions of the TATA industries. One of its main businesses is the TATA STEEL. So below is the business level strategy of TATA i.e. TATA STEEL. "To be the long-term preferred partner in our chosen markets by unlocking the potential of steel". This is the mission that Tata Steel in Europe has defined for itself in order to fully contribute to the Groups vision. As part of the mission, five key strategic priorities have been identified: a. Customer focus A single sales and marketing function with particular industry focus on automotive, construction, lifting & excavating, energy & power. A major 'Supply Chain Transformation' project aimed at improving customer service levels. Invested in projects to improve product mix and service offering. b. Innovation 14 new products launched in the Financial Year 2012-13, with the majority in automotive. A new chair for research into low carbon materials technology at the University of Warwick, jointly funded with the Royal Academy of Engineering. Implementation of a Project and Portfolio Management Tool known as 'Trakker' to manage the Company's new product development process, involving regular monthly reviews. In January 2013, Tata Steel Europe won CA Technologies' Innovation Award for the use and further development of the 'Trakker' Portfolio Management Tool. c. Operational excellence Over the last two years Tata Steel Europe has aligned its industrial footprint with market conditions. The Company continues to upgrade its plants with the aim of improving asset performance and cost competitiveness. Some of the significant initiatives underway or completed include: Implementation of a multi-year improvement program at the IJmuiden steelworks. Once complete, IJmuiden's annual effective capacity will rise from 7.2 million tones to 7.7 million tones of liquid steel. The No. 4 Blast Furnace at the Port Talbot steelworks in the UK has been restarted following the completion of the rebuild project. The restructuring of the Skuthorpe works, announced in May 2011, was implemented according to plan over the following 10-month period. Investment in the108m long rail facility at Hayange was completed during the year re- enforcing its position as a top class rail manufacturer. d. Responsible behavior Tata Steel in Europe aims to act responsibly in all areas of its business, and in particular in relation to the environment, the communities within which it operates and its employees' safety. Significant initiatives undertaken during the year are: Leading role in the European Ultra Low CO 2 Steelmaking ('ULCOS') collaborative project. Bringing forward completion of the Companys new bag filter facility in IJmuidens sinter plant, which is expected to reduce emissions of fine particles, heavy metals and dioxins from the sintering process by at least 75%. Commissioning of a new cooling system in the Port Talbot BOS plant, reducing the sites need for external power by about 15%. e. People Tata Steel Europe is committed to its people who are instrumental in its success. In managing its people, the focus is on the following three areas: Engaging employees at all levels of the organization. Developing the capabilities of the workforce through training and recruitment targeted at filling capability gaps. Managing the employment cost base in a responsible manner. The Company invests significantly in the up-skilling and development of its employees.
3. Operation level strategy: In this level the managers need to take decisions regarding the product of the company. Therefore the strategies formed at this level mainly focus on the individual product. The plans made at this level are more specific and are made by operations manager. For example A re-designing of process equipment at Tata Chemicals Haldia plants that cut process downtime by 40%. Jaguar Land Rover has re-hauled its supply chain to secure cost savings as well as a sustainability equation that gives the company a green edge. PRASHANT KANDOI 1311552
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