TATA is known as one of the oldest companies worldwide which was founded in 1868 by an Indian man called Jamshedji Nusserwanji Tata. The Tata company is one upon many of the popular businesses in India that operates in over 100 countries with services such as communications, information technology, engineering, materials, services, energy, consumer products and chemicals. These services are shown through the Tata companies which include Tata Steel, Tata Motors, Tata Consultancy Services, Tata Power, Tata Chemicals, Tata Global Beverages, Tata Communications and Indian Hotels. Tata has also acquired some of the most famous companies which include the Tata tea-Tetley, Tata Steel–Corus , Jaguar and Land Rover (Thite, M. 2013 and ColdFusion 2015). ???? REF This report will investigate Tata’s approach to corporate social responsibility, sustainability and the tactics they use to manage the culture and diversity of employment. …show more content…
The author argues TATA is dishonest by using CSR as a tool to distract public opinion in order to hide their cares about profit and their market reputation more than addressing the issues of society and environment betterment. In addition, they argued that corporate social responsibility is just a mask that the TATA wanted to wear because, there is no such company that tries to both improve the community as well as aim to displace and pillage their people. This in return causes expulsion from indigenous stakeholder’s land, leaving many homeless. The TATA Company have the ability to make significant changes to encourage a revelation about economic social and environmental sustainability by achieving new tactics that produce better
Corporate Social Responsibility (CSR) is the way a corporation achieves a balance between its economic, social, and environmental responsibilities in its operations so as to address shareholder and other stakeholder expectations. In general, when firms hold this wider encouraging role on the public by being engaged with stakeholders, a variety of profit can be produced for both company and the stakeholders. A key inclination is the combination of Corporate Social Responsibility (CSR) into the organization strategy, culture, mission and communications. By incorporating corporate citizenship into the company it is no longer an additional “nice thing to do” or something made to obey laws or regulations. Instead, corporate responsibility has become something business leaders and workforce want to engage in, frequently because executives who believe in the long-term see business profit. The four types of social responsibilities a...
Corporate social responsibility is globally defined as operating a business in a way that meets or exceeds the ethical, legal, commercial and public expectations that society has of business. The concern of CSR has drastically increased over the last two decades. It has enhanced interactions between governments, businesses, society and internationally. In the past, businesses primarily focus themselves with the economic results of their decisions. Now, businesses must also reflect on the legal, ethical, moral and social consequences of their decisions. Corporate Social Responsibility is no longer defined by how much money a company contributes to charity, but by its overall involvement in activities that improve the quality of people’s lives.
Companies have presented investigations about their motivation towards voluntarily social and environmental as insolvent. This paper argues in agreement with Adam’s view that the goal of CSR reporting is to promote credibility and corporate image of stakeholders operating in a particular industry. Whereas companies must focus their efforts on enhancing their profitability, they should also ensure that the welfare of other stakeholders is protected.
This essay will analyse Tata Motor Company and its motive for internationalization and include the background information on the company then it will go on to consider the definition of theories as well as applying them to the Company. The paper will focus on theories which are Dunning Eclectic paradigm; Learning Theories and Porter Diamond .Tata Motors Company is one of the largest automobile companies in India with a 42 billion organization. Further the product range of automobiles, information and technology is varied and covers almost all the segment of the car market as per the Tata Motors (2014).The research shows (Business Leadership Management (BLM), 2013) the motive for internationalization is due to its acquisition and its ease the
In recent years, companies are becoming socially responsible and now stakeholders almost expect a company to have CSR policies. Therefore, in twentieth century, corporate social responsibility (CSR) became an important development in public life (Barnett, ND).Corporate social responsibility is defined as “the ways in which an organisation exceeds the minimum obligations to stakeholders specified through regulation and corporate governance” (Johnson, Schools and Whittington, N.D cited in March, 2012). Stakeholders can be defined as “those individuals or groups who depend on the organisation to fulfil their own goals and on whom, in turn, the organisation depends” (Johnson, Schools and Whittington, N.D cited in March, 2012). There are many purposes for this essay, the first purpose is to descried the key principles of corporate social responsibility and explain their importance for stakeholders. Secondly, is to show how far this company follows those principles in order to be accountable to at least three of its stakeholders. In this essay, three stakeholders, environment, customers and employees will be evaluated respectively and the key principles of the stakeholders will be examined.
Tata Power, corporate social responsibility & Rehabilitation and resettlement [Annual Report]. (2008-09). Retrieved from http://www.tatapower.com/sustainability/pdf/csr-annual-report-2008-09.pdf
Background of the company TATA Motors, founded by India’s first licensed pilot J.R.D Tata (Encyclopaedia Britannica Inc 2014) has been seen to have revolutionized the face of India. With the history of India’s automotive industry in terms of production and growth seeming relatively bleak and slow, TATA Motors, formerly known as TELCO (TATA Engineering and Locomotive Company) and one of “the hundred operating companies” of the TATA Group has seemed to crack this shell since becoming established in 1945 resulting in becoming not only an emergence in India, but around the globe with its status being “listed in the New York Stock Exchange” as an international automobile company as of September 2004 (TATA Motors 2014). Tata Motors holds its main
Recent researches have demonstrated that every customer usually takes into consideration around 2.6 brands before buying a passenger car. Tata Motors, currently India 's largest automobile company, wants to be strongly considered when customers are looking to buy a new vehicle. "In order to facilitate this journey of pursuing aggressive market-share, and also to address the challenge of increasing its 'cool ' quotient, Tata Motors has announced the soccer icon Lionel Messi as its global brand ambassador for its passenger vehicles for all its markets, said Mayank Pareek, president, passenger vehicle business unit, in an exclusive chat with ET" (ETBrandEquity).
In the past, the only thing most of businessmen interested in is how to maximize profits of companies and cut the cost as much as possible at any price. Very few companies of that time worried about the moral values and ethics in doing business. And when the concept corporate social responsibility (CSR) first appeared in the 1950s, not much corporation appreciated it, businessmen in that decade “talked” more than “action”. However, the emergence of this viewpoint showed the trend of the way doing business of the world has been changing. (Carroll, A. B., 2008).1 CSR is a quite new term compare to long history of the consciousness about behaving ethically on society beyond maximizing profit, and just has only become popular since the 1990s, when the globalization has widen with an astonishing speed (Muirhead, 1999).2 International trading, investment in foreign countries become easier and more popular, large amount of profit are earned, more opportunities to seek as well as more fierce competitions and more challenges in new cultural environment. In that situation, corporations need to find some ways to increase reputation, to specialize their image and brand name, which is highlighting the importance of ethics and corporate social responsibility in business. This essay will describe briefly about corporate social responsibility, how it effects on international business, different opinions about CSR of shareholders and stakeholders, and finally, difficulties international organization face when implement a CSR program in Vietnam.
While the concept of an individual having responsibility is commonly recognized, modern views have lead to the emerging issue of corporate responsibility. Business Directory.com defines corporate social responsibility as, “A company’s sense of responsibility towards the community and environment (both ecological and social) in which it operates. Companies express this citizenship (1) through their waste and pollution reduction processes, (2) by contributing educational and social programs, and (3) by earning adequate returns on the employed resources.” But such a concept has been much disputed since at least the 1970’s.
Corporate Social Responsibility is an organisation’s obligation to serve the company’s own interest and the one’s of the society. Moreover, Corporate Social Responsibility has a definition of a concept where the companies integrate social and the environmental concerns into their own business operation and also on a basis of voluntary with their interactions they have with the stakeholders. Corporate Social Resp...
Ratan Tata was the chairman of Tata group and is an Indian businessman and currently the chairman Emeritus of Tata sons.As he stepped down from being the chairman of the 100 billion worth Tata conglomerate ,the team will sure feel his absence,but even the citizens of India will have a reason to miss his retirement.That was the type of a man,Ratan Tata was, not only looking for ways to upgrade and thrive his business but also on the best interest of his environment and surroundings.An economist once wrote, ‘by standing out against graph so publicly and consistently,Mr.Tata was ahead of his time.’ For instance,an episode in which the Tatas were in a conflict and took tough decisions and had to relocate their plants in Gujarat
In the current time of growth and progression, individuals should know that how a business not only flourish but sustain itself. Making profit is one of the main targets of every corporates but it must not be the only one. When an individual builds a company in order to do business, they should be well aware of their contribution towards the society as well as their business and employees in it. It is total strategy of all. We should be able to realize every increment contributes of it. One of the major factors that affect a business is how well it participates in Corporate Social Responsibility. According to (Werther & Chandler, 2006) corporate social responsibility (CSR) refers to a business practice that involves participating in initiatives that benefits the society. In authenticity, there is a whole lot to argue about it. There are no major guidelines that decides either a business is participating in Corporate Social Responsibility; what might be considered a Business practicing CSR to some, can still not be accepted for it by others. CSR may be restrained a term which his highly flexible. This paper will discuss about Corporate Social Responsibility and its
Corporate Social Responsibility has always been taken care by the Tata group. The founder Mr. Jamshedji Tata used to grant scholarships for further studies abroad in 1892 . He also supported Gandhiji‘s campaign for racial equality in South Africa . Tata group gave country its first science centre and atomic research center . "The wealth gathered by Jamsetji Tata and his sons in half a century of industrial pioneering formed but a minute fraction of the amount by which they enriched the nation. Jam shed Irani, Director, Tata Sons Ltd, says, "The Tata credo is that 'give back to the people what you have earned from them'. So from this, Jamshetji Tata and his family have been following this principle." In July 2004, B. Muthuraman, Managing Director, Tata Steel Limited (TISCO) announced that in future TISCO would not deal with companies, which do not conform to the company's Corporate Social Responsibility (CSR) standards. Speaking at the annual general meeting of the Madras Chamber of Commerce