Tata Steel has a balanced global presence in over 50 developed European and fast growing Asian markets, with manufacturing units in 26 countries. An organizational structure depends entirely on the organization's objectives and the strategy chosen to achieve them. Empress Mills, a textiles business set up in central India in 1877, was the first of the large industrial projects organised by the Tata group. International Encyclopedia of Civil Society. It is the most effective organizational structure used by big firms. However, he believed that a standard structure where similar synergies should be mandatory for all Tata companies rather than getting the help. It involves the following structures: 1 Functional Structure It refers to the organizational structure composed of all the departments that an organization requires to produce its goods or services.
A group of top managers has proposed a different idea where activities that are similar and synergistically same should be directed across the group. Ratan expanded the Tata Group, acquiring such companies as the London-based Tetley Tea in 2000, and the Anglo-Dutch steel manufacturer Corus Group in 2007. Today Tata hotels, known as the Taj Group, are famous all over. In this role, she played a key part in the start-up of the organisation. Legend has it that Jamsetji Tata set his mind on building it after being denied entry into one of the city's fancy hotels for being an Indian. Koushik Chatterjee is appointed as Group Chief Financial Officer - Mr.
None of these ideas materialised while Jamsetji Tata lived, but they were realised by those who succeeded him. It involves 3 main types: a Product Structure, where divisions are created according to the type of product and service. This is a guest blog and may not represent the views of Virgin. Basically, a group of managers thought that businesses or activities that are similar or of same kind or synergies should be combined and blended so that they bring about better results and outcomes for the parent company. Some senior managers believe that it is the most appropriate tool which differentiates them from other Western World multinationals.
Pratibha was also the Chief Financial Officer at Barclays Shared Services Pvt. When Rallis faced financial crisis in 2002-03, Tata Services Limited provided the company with financial aid to help regain its position in the market seeing the growth. Genius Wong is the Chief Technology Officer for Tata Communications. Each of these lower levels is responsible to perform its functions and thereby report to the next higher level in the organization on a periodic basis. For example, Muthuraman, Vice Chairman of Tata Steel felt that the services of Tata Services Limited played key role in acquiring Corus, a European based steel manufacturer. Srini will continue to be responsible for creating industry standards in cloud computing solutions for customers coupled with solidifying the internal digital processes and delivering technical solutions to enhance business growth and productivity. He believed that there should be certain things and decisions that should be directed to all the Tata companies based on the advantages they possess.
Ranked 258th on Fortune Global 500, it is based in Jamshedpur, Jharkhand, India. Sir Ratanji assisted in making the Tata Iron and Steel Company the largest privately owned steelmaker in India. Another example of Tata Services Limited as presented in the case discusses the situation where Voltas benefitted from services offered by the Tata Services Limited where it helped Voltas in dealing with legal complexities. The Chiefs are also accompanied by the Heads in some of the departments. It results in complex relationships. Tata is a legendary brand in India that is held in high respect for its strong family ethics in work, education and philanthropy. Muthuraman felt that the free and open organization structures have actually helped him perform in a better way where decisions have been taken by him and the team members.
Over generations, members of the Tata family have handed down much of their personal wealth to the many trusts they originated. Then,the assessment will make conclusion that the reason the Tata steel development quick. He is the first chairman from outside the Tata family. Tata Group has over 100 operating companies each of them operates independently. John Freeman is the Chief Legal and Compliance Officer of Tata Communications. The company has set itself a target of breaking into top three car makers in the country and top three commercial vehicles makers globally in three years.
Organizational Structure Meaning — Various Structures — Practical Illustration Organizational Structure: It refers to a formal system of tasks and reporting relationships that coordinates and motivates employees to work together to achieve the organizational goals. A decision has to be taken in respect of the future of Tata Group and the services it has been offering as per the needs of companies. This is just a sample partial case solution. It is used by most large corporations. These 3 levels are upper management, senior management and the middle management. Different opinions have been developed regarding the credibility and the strategic position of the current system. Therefore, in order to better manage the large amount of resources and assets organizations need to be in some sort of organizational structure so that it can be formed into some form and clear lines are defined in order to control and get the productive use of organization's resources.
Tata Group is an Indian multinational conglomerate company headquartered in Mumbai, Maharashtra, India. Out of them 32 are publicly listed. It is one of the largest conglomerates in South Asia. Tata Steel is the largest steel company of the country and at present stands as the 10th largest steel firm in…. Over here all theories and models have been discussed regarding the case.