Source: E-mail dt. 8 December 2011
Challenges
for Cyrus P. Mistry
Mr.Sagar Shrestha
Sambhram Group of
Institution – MBA (VTU)
HEIR OF TATA
SONS: CYRUS P. MISTRY
The search for new chairman to the
Mistry was appointed
as Deputy Chairman of Tata & Sons. at the
company’s board meeting. He will be heading the enterprise as a chairman from
December 2012 A.D.
ABOUT CYRUS
P. MISTRY
BORN: July 4,
1968
EDUCATION:
·
BE in Civil Engineering from
·
Masters degree in Management from
EXPERIENCE:
Designation |
Company
Name |
Director |
Tata Sons and Tata Elxsi
( |
Director |
Shapporji Pallonji and Company |
Director |
Forbes Gokak |
Director |
Afcons
Infrastructure |
Director |
United Motors ( |
CHALLENGES
FOR THE NEW CHAIRMAN
The economy being stalled all over the globe and
recession followed in various western nations can be seen as a challenge ahead
for Mr. Mistry at a macro level.
Besides, the company’s internal factor itself
will carry various challenges in the coming years many industrial experts and
analysts quote.
A point-wise and its precise narration is given below:-
ü Global
Economic Condition
ü Scams and
Allegation
ü Government
regulation maintenance and Standardization
ü Cut-throat
competition within
ü Failure of
Innovation
Global
Economic Condition
This decade has been flooded by continuous
recession. Still the economy jeopardized in the West, TATA’s
foreign market will always be scant in this condition.
Scams and
Allegation
TATA Co. had faced 2G allegation and Mr. Ratan Tata’s involvement in it. In such hurdle time the new
chairman will have to face various challenges relating to the Company’s image.
Government
regulation maintenance and Standardization
The Company has not been able to set up it’s tele-communication in
Cut Throat
Competition in
Many Multi National
Companies (MNC) has turned towards Indian market. Also the
Union Government allowing Foreign Direct Investment (FDI) into
Failure of
Innovation
TATA is a proud conglomerate to introduce
innovative products like Nano and DoCoMo.
Yet, the worth what TATA has done is not scaled up to the mark. Nano is almost towards low volume sales and experts believe
this product to be a failure in the nearest future. The Company can anticipate
innovative product but the challenge will be to gratify the end-users or
customers.
CONCLUSION
The above are few of the challenges that the new
Chairman is posed to. There are many other contingent and situational outcomes
that must be faced. Also, there always exist invisible factor which can hit a
hard-blow to the Company. Ultimately, it will be the Chairman who will lead the
ship from the storms of hardships and fight-back all the challenges—turning
them to opportunity.