E-Paper
Mistry sets up new model to spot future Tata leaders
MUMBAI: The Tatas are implementing a new leadership model, which would evaluate and identify future business heads via a new methodology that not just tests calibre,
MUMBAI: The Tatas are implementing a new leadership model, which would evaluate and identify future business heads via a new methodology that not just tests calibre, but also looks for newer qualities such as innovation and pioneering attitude.
The Tata Leadership Competency model is being seen as yet another initiative from group chairman Cyrus Mistry, who has been actively revamping the 150-year-old conglomerate. The new model has come in place of the Tata Leadership Practices that was in use since 2002.
The process is yet another change measure by Mistry, who after his appointment in 2012, is staffing the group’s strategy think tank, bringing in younger people from both within and outside the organisation, which has over 100 operating companies and about 640,000 employees.
“The model has been developed internally, on the basis of in-depth interviews with a number of Tata CEOs and CXOs and extensive research over a 12-month period,” said NS Rajan, member, group executive council and group chief HR official. “It has been defined keeping in view the increase in global footprint as well as the size and complexity of businesses within the group.”
The model has already been implemented and the results are likely to be seen in three months.
Tatas have been moving fast to adapt to changes in the economy by aligning their essentially brick-and-mortar businesses to digital platforms, and also revamping top management roles to reflect the overall international character of the group. Last year, about 70% of Tata group revenues came from overseas businesses that includes Tata Motors’ Jaguar Land Rover, Tata Global Beverages’ Tetley, and also the overseas businesses of India-based companies like Tata Consultancy Services.
For 2015-16, the Tata Group’s international revenue totalled $70 billion. The group’s total revenue totalled ₹672,408 crore against ₹658,432 crore last year.
The new model also seeks to find tomorrow’s leaders who can anticipate and address issues as wide ranging as the spurt in digital growth, Brexit, sale of Tata Steel UK, or even the ongoing differences with NTT Docomo.
