Tata Group relies on a very methodical, focused approach to defining its expansion strategy. First, specific industries are targeted where Tata has a significant strength from an intellectual property (IP) standpoint, in addition to an established business. Potential firms to partner with through a joint venture or acquire through stock and cash-based transactions are next defined (Lamont, 2010). Tata does not rush into the acquisition or joint venture process however. They work to build consensus with the key stakeholders that will define the success or failure of their global expansion strategy. In the case of acquiring Land Rover and Jaguar, the company met for nearly a year with UK-based unions at the company's plants (Evans, 2010). Next, the Tata Group will often define share objectives of how the acquisition din fusion of investment from them will increase the social good and get the entire region more enriched through CSR programs and initiatives (Sen, 2009). It is no surprise that Tata follows this sequence, as foreign companies entering India must do all these steps successfully.
These process steps are used across all industries the company competes in. The benefits of this strategy are that it gets the stakeholders involved in the ownership and success of the joint venture or acquisition early on, overcoming resistance to change. Second, this approach also ensures that the systems and procedures of the company being partnered with or acquired will be more easily integrated into Tata's as there...
The process of reframing is well illustrated in the case of Tata Nano car concept. The reframers question themselves in an attempt to answer the question "why not." Tata for instant broke a century old paradigm for car manufacture by distributing the component kits for the manufacture of the Tata nano to a number of entrapreneural smaller firms could assemble closer to their customer base. This was as opposed
Corporate Social Responsibility in Indian Pharmaceutical Industry An Exploratory Study Outlook of CSR in India History of CSR in India Philanthropy in Indian Society Modern Form of CSR in Indian Society Profile of Indian Pharmaceutical Industry Rationale for Selection CSR Activities by Indian Pharmaceutical Companies Major Influences Over CSR Activities Scope of CSR Activities Comparison of Indian & Western Pharmaceutical Companies This research paper is concerned with the recent practices of Indian pharmaceutical companies in the field of corporate social responsibility. For
Each and every member is respected in a productive global business environment with multicultural or diverse teams. Positive thinking is the constant habit of good teams in the global market environment with multicultural teams. It will be impossible for a global multicultural organization to function properly without good team attributes because of the wide acceptance of teams as well as multicultural teams in the global business environment (Qualities of
Ethics, Corporate Governance and Company Social Responsibility OCED state-owned enterprises and Privatized companies In the past few decades, emerging economies have launched ambitious plans to privatize their state owned enterprises (SOEs). The volume of privatization in emerging economies has increased from $8 billion in 1990 to about $65 billion in 1997 (Dharwadkar, George, & Brandes, 2000). In privatization, ownership is transferred from the state to new private and public owners, which may
Personal Ethics Development For an individual, group of individuals or even a business organization to succeed; it is necessary to come up with or develop well defined rules of engagement and behavior or set of ethics which are adhered to by each and every individual across the board. In most places all over the world, acts like making other people suffer (on purpose), stealing or even dishonesty are taken to be
Service Quality Research The research discussed in this paper is based on the application of the SERVQUAL model to the restaurant sector of the hospitality service industry. The SERVQUAL model was developed in 1985 and has been refined since for use in the service industry. In contrast to goods, service quality has been difficult to measure because of the intangibility, variability and heterogeneity of the service. Moreover, the service quality depends
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now