IF WORLD-CLASS NEEDED AN INDIAN SYNONYM...
In the era
of post-license Raj, when many business conglomerates were forced to bid adieu to the corporate sector, the legendary Tata group withstood it all. The man behind the scenes was Ratan Tata, who took over from J. R. D. Tata in 1991. First on the target was the culture of the organisation that was institutionalised in the organization since its birth. The relation between the management and employees witnessed a see-saw change – it became more of a practical than a munificent one. To safeguard Tata’s interests within these companies, Ratan decided to raise the conglomerate’s stake (through parent holdings) in all the group companies to minimum 26%. With Ratan sitting at the helm of Tata, an era of corporate management came up.
For Complete IIPM-Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006
In the era
of post-license Raj, when many business conglomerates were forced to bid adieu to the corporate sector, the legendary Tata group withstood it all. The man behind the scenes was Ratan Tata, who took over from J. R. D. Tata in 1991. First on the target was the culture of the organisation that was institutionalised in the organization since its birth. The relation between the management and employees witnessed a see-saw change – it became more of a practical than a munificent one. To safeguard Tata’s interests within these companies, Ratan decided to raise the conglomerate’s stake (through parent holdings) in all the group companies to minimum 26%. With Ratan sitting at the helm of Tata, an era of corporate management came up.For Complete IIPM-Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006
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