Tata

In: Business and Management

Submitted By kaushik9
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Q1. What is the Purpose & 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 of management has always been and is today more than ever, that corporate enterprises must be managed not merely in the interests of their owners, but equally in those of their employees, of the customers of their products, of the local community and finally of the country as a whole.”
– J. R. D. Tata
Purpose
Tata group is committed to improving the quality of life of the communities they serve. They do this by striving for leadership and global competitiveness in the business sectors in which they operate.
Their practice of returning to society what they earn evokes trust among consumers, employees, shareholders and the community. They are committed to protecting this heritage of leadership with trust through the manner in which they conduct their business.
They have a comprehensive document that serves as an ethical road map for Tata employees and companies, and provides the guidelines by which the group conducts its businesses.it has 21 clauses ranging from National interest to Reporting to concerned authority,

Core values
Five Core Values: Tata Group has always been a value-driven organization. Let us discuss in brief the five core values underpinning the Tata way of business: * Integrity: Tata believe that they must conduct the business with honesty and transparency. Everything they do must stand the test of public…...

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