The Tata Group founded its roots in Indian history almost a hundred years prior to its independence from England. It was established in 1868 as a trading firm by Jamsetji Tata in Bombay. (Tata, 2012). A single textile mill marked the journey of business prosperity for the Tata generations in 1874 during the time of the British Raj. Even till today, the Parsi group has always retained ownership. With its ancestral roots in the Zoroastrian community, Tata Group has been the creator of entire industries in India. Before the arrival of independence in the Indian realm, the Tata brand was synonymous to being a pioneer across a spectrum of versatile and diverse market segments. From the first luxury hotel (1903), first airline (1932), the first private steel company (1907), and the first national software entity (1968), the Tata name is one revered in Indian society.
The General Manager of OMQ Mr.Pankaj Satija has a say on this initiative that “Sports is a way of life of Tata steel.” And Tata steel believes that Jharkhand has provided with some fine international hockey players to the Indian hockey team so it has chosen Noamundi as its ground to encourage rural talents.
In this day, Tata is famous for its wide and one of the most advanced business sector in India. It spread its wings almost in all sectors ranging from automobiles to hotels. Most of the credit goes to the great man Jamsetji Tata. The man who foresaw the future and established Tata industries in the 19th century. It is also by far one of the oldest known names in business and industries. Jamsetji has made the world know the power of Indian entrepreneurship and talents.
Corporate Social Responsibility (CSR) – is a set of commitments, corresponding to the specificity and level of development of the company, whish is reviewed regularly and dynamically changing. CSR is voluntarily and agreed with the participation of key stakeholders, taken by the company’s management, with particular reference to the views of staff and shareholders. It is performed in mainly at the expense of the company and aimed at the realization of significant internal and external social programs, the results of which contribute to the development of the company (production growth, improving the quality of
Emphasizing ethical practices: Ethical practices and the judgments on which they are based create ‘Social capital’ in the organization, increasing the goodwill available to individuals and groups in the organization. Ratan Tata’s focus was to make Tata group as an employee’s firm with sound ethical practices. He conceptualized the idea of a dedicated HR team taking care of employees and ensuring ethical practices are followed at the whole Tata group
The “Leadership Crisis of Steelworks Xiamen Plant” article impartially shows events happened in Steelworks which have led to an unpleasant break between the new CEO of Steelworks, Kumar, and the general manager of the Xiamen 's plant. Since 1960s, Steelworks has provided metal products and services for construction sector in different Asian countries. In 2005, Steelworks was acquired by Southern Metals, a well-known and respected Indian metal company. Because of the different philosophy of the new CEO Kumar from his predecessor, some problems emerged in the Chinese branch of Steelwork company. The critical point was the project "3C", which Kumar has created as a key for reorganization of regional branches of Steelworks’. According to S. Heidari-Robinson, advisor of the British Prime Minister David Cameron and S. Heywood, problems are inevitable in any company restructuration, because it unlocks existent values and brings up new ones ' (Heidari-robinson & Heywood , November 2016). Indeed, this project produced an escalation of conflicts in relationship between the headquarters of Steelworks in Singapore and C.H. Chan, the general manager of the Xiamen plant. Thus, to better understand this in study case, we are going to analyze the perspective of Chan, the relationship between Kumar and Chan, their two distinctive personal and cultural dimensions, and finally suggest what Kumar could have done differently.
The organization’s strategy plan for any gaps in social responsibility that might be potential risks to internal and external stakeholders is challenging, but this company certainly does not allow for corruption. On April 1 “India has become the only country in the world with legislated corporate social responsibility (CSR) and a spending threshold of up to $2.5 billion (Rs 15,000
Tata Steel is committed to tackling the challenges of sustainability. This means that it takes its responsibility towards both the environment and its communities seriously, balancing these against the need to make a profit. It has put systems in place to meet
However, Corporate Social Responsibility (CSR) is becoming an increasingly significant category by which a company 's reputation is evaluated. A variety of social and environmental issues across a broad spectrum of industries have recently been covered in the media - all of
The purpose of this report is to examine Corporate Social Responsibility (CSR) issues at Brico Devices. In order to maintain company
Business ethics since the beginning of this decade has been slowly eroding; if we are to believe what we see and hear in the media. Several times a day, one can view some derogatory piece of information concerning a business. However, it must also be considered that these companies are contributing to that stigma. There have been a variety of companies and individuals who have figured prominently in the media concerning their unethical behavior.
On 25th March 1991, he took over the position of Chairman of Tata Sons, from Jehangir Ratanji Dadabhoy, ‘J.R.D. Tata’ (1904-1993).
Corporate Social Responsibility (CSR) is something that affects all companies and should be an active factor in the company’s decision making. It is something all corporations need to care about. CSR is when business’ or corporations take part in an initiative or campaign for a cause that will benefit society and/or in some way make the world a better place (Taylor, 2015). Initially, Corporate Social Responsibility started to take shape around the 1950’s, but some say that it dates all the way back to the 1800s, the idea of CSR was seen (Carroll, 2007). One may think that because it is dated so long ago, it doesn’t have an important impact today nevertheless, it is proven that Corporate Social Responsibility is a pathway for entities to self benefit as they are in the process of benefitting society.
Tata Steel Ltd, one of the biggest steel manufacturing companies in India conducts its day to day operations by being socially responsible towards the society and respects human dignity. It aims for the progress of the community people and creates long term values for all stakeholders by serving them globally. It will allocate at least 3 percent of its net profits before taxes of the preceding 3 years for the Corporate Social Responsibility Practices. The surplus generated by carrying out Corporate Social Responsibility Practices
In 1907, Jamsetji Tata, an industrialist, established Indians biggest and first steel plant. At the same time it was Asia’s initial private sector steel company. The reason of Tata Steel’s establishing was that Jamsetji had the idea of developing an iron and steel industry in his own country.