Tata group is a multinational company with operations in many countries around the globe. This company has garnered a good brand value and has immense scope of growth. This can be achieved if it addresses some of its important internal issues. It has Business operations in 96 countries and contributes about 2.9% of the GDP of India. The revenue of the company in 2006-07 alone is 28.8 Billion USD. The company has managed to be an important player in all the seven sectors it has expanded operations. The extensive expansion of Tata Corporation with decentralized management in many countries has been identified as the source problem of the company.
2.1 The Company should primarily focus on allocating funds, managing logistics and maintaining reverse logistics is essential for its expansion activities now. The issue of Supply chain and logistics management its funds have been a continuous hassle in the global expansion and by addressing the company will benefit immensely.
2.2 Owing to its excessive expansion policies the company will benefit if it enters into more merger and acquisition deals with the indigenous companies that exist in the individual countries. This will enable the company to deal with the pulse of the local markets.
Long term Issue:
2.3 The company should refocus its attention back to developing products that the consumer really needs.
2.4 Human resource management of the company needs to be revamped. The company should strive to make efforts to ensure that the turnover by the employees is at a minimum[ Ibid. , 146
]. This will prevent loss of proprietary information by the company and will remain as a global player in the markets.