Cynosure Cyrus must balance continuity with change
Cyrus Mistry, the next chief of the sprawling Tata empire, will have the responsibility of setting the pace and ensuring overall business continuity amid global economic headwinds, feel experts.business Updated: Nov 27, 2011 21:31 IST
Cyrus Mistry, the next chief of the sprawling Tata empire, will have the responsibility of setting the pace and ensuring overall business continuity amid global economic headwinds, feel experts.
At the same time, they feel that the one-year period under the guidance of iconic Ratan Tata would provide 43-year-old Mistry with an opportunity to closely understand the intricacies of running a salt-to-software conglomerate of this size and stature.
Stressing that no major changes are expected immediately with the new appointment, Indian School of Business (ISB) faculty Kavil Ramachandran said that any change would only happen gradually at the conglomerate. "Since Mistry does not have the experience of managing a conglomerate like the Tatas, he might not be adventurous enough to venture into newer areas," he said.
"Change will certainly happen. Mistry's role would be to preserve the fabric of success in the group and push the envelope around growth," global human resource major Hay Group India's Mohinish Sinha, who is director & leadership and talent practice leader, said.
According to him, Mistry's task is cut out and he has to drive the pace for the group.
"Ratan Tata has done tremendous good for the group. He has a strong legacy and Mistry will have to continue with that legacy," global HR firm Manpower Group India head (marketing) Namr Kishore said.
Staffing services major Ma Foi Randstad's MD and CEO E Balaji said: "One of the best things is that Mistry will be mentored by Ratan Tata before he takes over the reins. Also, he has the backing of key stakeholders and the board, which again are positive factors."