Page 1 of 20

Tata Group and Its Growth in Last Years

Continues for 19 more pages »
Read full document

Tata Group and Its Growth in Last Years

  • By
  • Jan. 2011
  • 7376 Words
  • 13 Views
Page 1 of 20
|Tata Group: Transforming the Sleeping Elephant | |-- Subir Sen Faculty Member, | |IBS, | |Kolkata, India. | |E-mail: subir@ibsindia.org | |This paper revolves around the turmoil that shook the very foundations of the Tata group when Ratan Tata was alleviated as the chairman of Tata Sons in 1991. Since its | |inception in 1875, the group has consistently displayed rare strategic talent by becoming pioneers in industries such as steel, hotels, power, insurance and airlines. As of| |today, it is the largest diversified business group in India. The group is respected for its philanthropic activities and is also known for distancing itself from political| |interference. Therefore, during the days of the license raaj, when most groups were diversifying aggressively, the Tatas were hibernating. As a result, during the 1970s and| |1980s, the groups growth rate slowed down and relatively younger business groups like Reliance overtook the top position from the Tatas that they had maintained for | |decades. When Ratan Tata became the group chairman, he again expressed his intent to diversify into emerging industries given the relatively free environment of the 1990s. | |The powerful satraps vehemently protested. In fact, the entire unity of...

Rate this document

What do you think about the quality of this document?

Share this document

Let your classmates know about this document and more at Studymode.com