Mumbai : Tata Sons Chairman N. Chandrasekaran has exhorted employees to focus on scale, synergy and simplification to enable the multinational giant realise peak performance, reports IANs.
In his year-end letter to Tata Sons employees, Chandrasekaran said the Group needs to make its management and organisation structures simpler and impactful so as to reduce complexity across businesses, helping it respond and react faster, as well as bring agility and make the decision-making process faster. “With our diversified global footprint and our presence in the lives of almost a billion consumers, we are uniquely positioned.
In order to achieve peak performance, we must focus on three things: simplification, synergy and scale,” he wrote in his second letter to the employees since he became Chairman earlier this year. He underlined the need to simplify structures in the context of a rapidly changing world to bring in agility in decision making, as well as on the need to adopt the “One Tata” approach that leverages collaborations between group companies and associates.
“‘One Tata’, to my mind, is a mindset that brings the best of the Group together for every opportunity. It is a journey that will allow us to discover the art of the possible when we work together,” he said. As a group that has a presence in many sectors presenting significant opportunities for growth, Tata companies need to scale through growth, consolidation and collaboration, he said. Noting that the Tata Trusts, which have the majority stakeholding in Tata Sons, are working in sustainable and meaningful projects, he said the company’s collaboration will enable the trusts to make a bigger impact.
“The Tata Trusts and the Tata Cos have created an environment beyond the traditional ideas of philanthropy and are working closely on sustainable and meaningful projects, including those related to skill development, women’s empowerment, cancer research, healthcare and education.