Tata Group Global Business Assignment Example | Topics and Well Written Essays - 3250 words

Tata Group Global Business - Assignment Example Since Ratan Tata took leadership of the company, till his retirement in 2012 and the current president, Tata Group of companies has been headed by a common chairman to enable centralization. The Group Corporate Centre (GCC) and Group Executive Office (GEO) have been two crucial bodies involved in decision making of the Tata Group, to direct and define its business endeavours (Goldstein, 2007). It has a board that is chaired by the head of Tata group currently Mr Cyrus Mysty, who took over from Ratan Tata and consist of a CEO and a team of directors. That is just but the top executive of the conglomerate of companies. According to One World Trust, Tata group takes the form of an informal supra- organizational structure; such that it’s distinct high level corporate GEO and GCC has managing directors from Tata group companies, and allow various Tata companies to operate as separate legal entities with their own structures (n.d.).In its hierarchical structure, Tata group has diffe rent enterprises that operate in specific sectors and which also have their affiliate companies, either wholly acquired or merged with other local or foreign companies. For example, Tata Steel Company, Tata Motors, Tata Tele-Services and Tata Power among others.   Each of the companies has their own shareholders and managing director, and an independent board of directors with a chairperson that are held accountable to (tataaia.com, n.d.). Similarly, each of these companies organization structure may be modified with time., depending on the number of mergers and acquisitions. Some of Tata enterprises have very committed committees that address varying issues necessary for the company. For example, departments in an enterprise could depend on audit, remuneration, ethics, and compliance committees to support their function. In 2008, some of Tata enterprises like the TSC and Tata Steel unveiled new organization structure that enhanced company integration. Focusing on the Tata Steel G roup, which consist of Corus group limited and Tata steel, it has a strategy and integration committee headed by the Tata Group of companies chairman (initially Mr Ratan Tata), its hierarchical structure of management begins with the Board, managing director (M.D.), as well