The Tata Strategic Management Group (TSMG) an independent management consulting division of Tata Industries Ltd will provide management consulting services to ‘The Excellence Center (TEC)’, a corporate department of Dubai World Group.
TSMG has played a crucial role in the success of Tata Group’s diversification and global expansion. TSMG assists Tata as well as non-Tata companies in enhancing their competitive edge.
The Dubai World (DW) Group comprises of various government authorities and semi-government/government managed private entities including amongst others the renowned DP World (which acquired P&O Ports, UK), Jebel Ali Free Zone, Nakheel Properties (Palm Diera & World Island etc.), Dubai Customs, Dubai Maritime City, Istithmar, Tejari and Dubai Metals and Commodities Centre.
The Excellence Center (TEC) is a corporate department of Dubai World mandated with helping group companies in their business excellence journey and taking them to world class levels of maturity.
A Memorandum of Understanding with TSMG for collaboration in areas of mutual strategic interests and for providing management consulting services. In addition, they address the strategic imperatives of the newly formed Dubai World holding company.
Abdul Qader Obaid Ali, Director, Group Internal Audit and Quality, Dubai World stated “The MoU falls within our plans to adopt the best global and local expertise in the field. It will help us in strengthening the consultancy services we provide the business units of Dubai World, especially in view of the holding company’s global expansion and diversification”
As part of the MoU, TSMG will assist Dubai World and its business units in the areas of strategic planning & performance improvement, management due-diligence, continuous improvement and re-engineering and knowledge sharing. Both TEC and TSMG have similar history of development, and TSMG has faced the same challenges successfully that TEC is now facing.
R R Bhinge, CEO, TSMG said, "This MoU will pave the way for increased collaboration in the areas of mutual strategic interests. Both parties expect it to yield substantial benefits in the immediate and the long-term future."
TSMG has clients in SAARC, ASEAN, West Asian countries, Europe and USA. TSMG offers solutions in areas like strategy formulation, strategy deployment, business process improvement, cost reduction, productivity improvement, business analytics, strategic and financial research across industry sectors like automotive and engineering, chemicals and energy, consumer and retail, telecom and media, infrastructure and government and financial services.