Regarding the steel acquisition in UK, it is actually Ratan Tata who must take the blame. He did not anticipate the sharp downturn that would take place in following years. In the case of DoCoMo, the Govt is not permitting the settlement that is due to the collaborator, so how is it Mistry's fault ? Again, the entire telecom foray is a dream of Ratan's and it bombed from the beginning. Big groups have a habit of dumping blame on the most convenient person and boosting the most popular person.
Regarding the steel acquisition in UK, it is actually Ratan Tata who must take the blame. He did not anticipate the sharp downturn that would take place in following years. In the case of DoCoMo, the Govt is not permitting the settlement that is due to the collaborator, so how is it Mistry's fault ? Again, the entire telecom foray is a dream of Ratan's and it bombed from the beginning. Big groups have a habit of dumping blame on the most convenient person and boosting the most popular person.
Regarding the steel acquisition in UK, it is actually Ratan Tata who must take the blame. He did not anticipate the sharp downturn that would take place in following years. In the case of DoCoMo, the Govt is not permitting the settlement that is due to the collaborator, so how is it Mistry's fault ? Again, the entire telecom foray is a dream of Ratan's and it bombed from the beginning. Big groups have a habit of dumping blame on the most convenient person and boosting the most popular person.
THREE CHEERS FOR CYRUS MISTRY RELIEVED FROM RATAN TATA CONTROL WHO IS THINKING HE IS THE ONLY FROM TATA'S GROUP TO BE MOST INTELLIGENT TO HOLD THE POST OF TATA SONS CHAIRMAN.
shocking cyrus was moving in the right direction, after all in the competitive one must take some decisions that will not liked by all.Even earlier before he came in Lakme was sold ,also tata press
Re: shocking
by SatyanarayanaMoorthy Pamarthy on Oct 25, 2016 12:15 AM
The name TATA is associated with trust in India. When we buy a TATA product, we buy with full confidence in its quality. Trust is a long term asset for any business. Taking business decisions which result in erosion of this long term asset, though profitable in short term, does not suit business empires (that strategy is only for single business organisations). So sacking of Mistry is a decision taken to vindicate TATA strategy - that they value their business associates and employees and are willing to standby them even at the cost of some short term profit. I think their message is loud and clear now.
Re: ~a good move evenif late~
by P S SHAH on Oct 24, 2016 06:42 PM
Use your common sense Mr Viswanathan, who said Cyrus Mistry is Malayalee ? One should understand from his name and surname that he is Parsee.
Re: This is a stunning development !
by rajarshi banerjee on Oct 24, 2016 07:49 PM
I would not agree. Cyrus Mistry had taken very hard business decisions of shutting down non profit making SBUs. CMC Ltd was merged into TCS & one of their divisions was shut down which meant nearly 1700 employees were made jobless in a span of 2 months. This I know bcoz a unfortunate friend of mine working as a manager in CMC had to bear the brunt. While taking hard business decisions the collateral damage that comes along is very negative word of mouth for the organisation in the market. Hardly anyone would want to join such a company where the future is so insecure, so I would say BoD acted in wisdom. Sometimes it pays to see the bigger picture & being shortsighted with a eye for immediate gains can lead to much bigger problems later on.
Re: Re: This is a stunning development !
by Upendra Shukla on Oct 24, 2016 08:32 PM
You are write. Now, Tata group is saved. I would also like to share my experience like yours. I had booked a row-house in Tata Housing. I was offered the row house after a delay of about 3 years. The structure offered was in a dilapidated condition. The same was repaired and painted. I brought this to the notice of the MD of Tata Housing and then to the notice of Cyrus Mistry with the photographs of the repaired house. I sent reminders but none of them bothered to even acknowledge. Their Executive threatened me to accept the house offered or face forfeiture of amount paid and if I go to court, they will drag me upto Supreme Court. Today, my hard earned money is stuck.
Re: Re: This is a stunning development !
by Upendra Shukla on Oct 24, 2016 08:32 PM
You are write. Now, Tata group is saved. I would also like to share my experience like yours. I had booked a row-house in Tata Housing. I was offered the row house after a delay of about 3 years. The structure offered was in a dilapidated condition. The same was repaired and painted. I brought this to the notice of the MD of Tata Housing and then to the notice of Cyrus Mistry with the photographs of the repaired house. I sent reminders but none of them bothered to even acknowledge. Their Executive threatened me to accept the house offered or face forfeiture of amount paid and if I go to court, they will drag me upto Supreme Court. Today, my hard earned money is stuck.
long live Tata, you remain chairman up to 100 years of your age.there is no alternative for you in the group.Kindly bring trust for group again. Enter all all sectors like oil & gas,space,arms,airoplane & helicopter manufacturing etc etc for the need of nation.
long live Tata, you remain chairman up to 100 years of your age.there is no alternative for you in the group.Kindly bring trust for group again. Enter all all sectors like oil & gas,space,arms,airoplane & helicopter manufacturing etc etc for the need of nation.
