Values of TATA Group as a whole? Answer 1. Tata Group companies has evolved a collective commitment to evolving stronger connections between their values and first- in-class business practice – not by putting either one ahead of the other, but by finding mutually beneficial bridges between them. “In a free enterprise, the community is not just another stakeholder in business, but is in fact the very purpose of its existence.” Jamsetji N. Tata (Founder, Tata Group, 1868) “The Tata philosophy
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Current affairs 2014 Prime Minister connected to people over radio with programme, Mann Ki Baat * Narendra Modi for the first time addressed the countrymen over radio in programme Mann Ki Baat. 32 people killed in Stampede at Patna’s Gandhi Maidan * Thirty two people killed and about 15 were injured in a stampede that occurred at the main Dussehra event at Gandhi Maidan in Patna. First case of Ebola virus diagnosed in US * The US diagnosed its first case of the deadly Ebola virus
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In order for business organizations to survive both profit and CSR are significant strategic factors. Corporate social responsibility efforts have the ability to substantially impact both the external and internal aspects of an organization. CSR efforts can be closely tied to the concept of utilitarianism. In utilitarianism actions are performed with the intent of receiving a specific end result. This end result could be profit, social change and even a mixture of both. While many organizations
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Tata motors has two major market segment that it aims to penetrate with its line of vehicle that it produces. One target is the low income families and individuals looking to purchase a first car. This target group mostly concentrates itself in the developing nations such as China and India, Tata’s own home country. Tata’s offering of models such as the Nano and the Indica caters for this segment. This target segment also has been the most widely publicized target of Tata Motors. The other segment
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What are the key success factors for a successful firm in the global motor vehicle industry? 3. What are Tata Motors’ internal strengths and weaknesses? Identify competencies and capabilities that the company’s major competitors are lacking. What market opportunities does the company have and what threats can you identify that may negatively impact the company’s future? 4. Would you describe Tata Motors international strategy as a global, transnational, or multidomestic strategy? Explain your answer
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the car itself? NO. The core product would be convenience to your customers. Your customers can also travel by bus or taxi. But they prefer cars because of convenience as well several times because of status symbol. Thus the core product in case of Tata cars will be convenience and value for money whereas in case of BMW it will be Status symbol. Thus the concept of core product is simple. The Actual product is the one which is manufactured after a decision has been taken on what your core product
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Strategic Management Report on Case 2: Tata Steel Table of Content Company Overview……...….…..……….………………………. 1 Problems & issues company faced ……………………………… 3 Probable Solutions…………... … ………………………………. 4 Compnay Overview Tata Iron and Steel Company was established by Dorabji Tata on August 25, 1907, as part of his father Jamsetji's Tata Group.By 1939 it operated the largest steel plant in the British Empire. The company launched a major modernization and expansion program in 1951
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a head-on collision? As off August 2007 there was nofurther information on this topic though. CAPITALIZING ON TATA MOTORS’ SUCCESS Arguably, one of the most significant aspects of a business’s strategy is constantenvironmental scanning, or looking for opportunities that will either help a business grow or salvage plummeting profit margins and stock values. In the case of Tata Motors, and thecreation of the Nano and OneCAT from a line of service and military vehicles provide a varietyof different
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case talks about how Tata Motors, India's largest automobile company, developed the Nano, the world's cheapest car. The case focuses on the translation of Ratan Tata's (chairman of Tata Motors) vision of a safe affordable car for the masses by Ravi Kant, managing director of Tata Motors into the Nano Project. The case raises questions around breaking the price-quality barrier and changing existing internal processes to accommodate revolutionary new ideas. The dilemma of success—Tata Nano was a runaway
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1. Discuss the advantages and drawbacks of going international using Tata Group’s experiences. Based on Tata Group’s experience, we can see the advantages and drawbacks of going international as follows: Advantages of going international; ① The first advantages of going international for Tata is to achieve benefits of economies of scale; Tata has more than 100 operating companies in seven main business groups doing business in 80 countries: chemicals, information systems and communications, consumer
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