7/26/2019 Tata -Cyrus Mistry

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How to become a leader. Cyrus Mistry has

the recipe

December 31, 2015 16:17 IST

Mistry said in order to continuously seize business opportunities, Tata companies will

have to stay on top of emerging business technologies

Sensing opportunities in China's reba!ancing o" its econom#, reco$er# in the %S an&groth in (sia an& ("rica, Tata group chairman C#rus )istr# on Thurs&a# as*e& "irms o" thecong!omerate to be agi!e both at a strategic an& an organisationa! !e$e! an& i&enti"#

opportunities ith a sense o" urgenc# to enhance an& secure !ea&ership+

In his e -ear !etter to the group emp!o#ees, )istr# a!so sai& in or&er to continuous!# sei.e

business opportunities, Tata companies i!! ha$e to sta# on top o" emerging business

techno!ogies, particu!ar!# in &igita! space, hi!e netor*ing more c!ose!# b!urring boun&aries

beteen &epartments an& $ertica!s+

The ma/or impact o" China's reba!ancing o" its econom# is being "e!t in man# countries an&

hi!e tra&e "!os ha$e been &istorte& as a resu!t o" China's transition, ithin China itse!" theshi"t to &omestic consumption can open ne hori.ons "or our companies, he sai&+

Simi!ar!#, the signa!s o" a reco$er# in the %S econom# porten& ne possibi!ities as &o groth

oriente&"actors in In&ia an& across (sia an& ("rica+

The #ear ahea& i!! both test the group's resi!ience an& a!so present ne paths to epan& an&

see& ne businesses To enhance an& secure !ea&ership in such an en$ironment, e i!! ha$e

to become e$er more agi!e both at a strategic an& an organisationa! !e$e!, )istr# ehorte&

the o$er 600,000 emp!o#ees o" the group+

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Stressing the nee& to be nimb!e"oote& in a "ast changing en$ironment, he sai&: e nee& to

i&enti"# opportunities ith a sense o" urgenc#+ These i!! then nee& to be con$erte& b#

un!eashing pioneering entrepreneurship+

4e "urther sai&: In continuing to sei.e business opportunities, Tata companies i!! ha$e to

sta# on top o" emerging business techno!ogies, particu!ar!# in &igita! space+ The# i!! ha$e to

netor* more c!ose!#, b!urring, in the process, the boun&aries beteen &epartments, $ertica!s

an& businesses+

)istr# cite& eamp!es o" the group's techno!og# p!at"orms, across areas such as energ#, "oo&

an& e!!ness, &igita! consumer pro&ucts an& ser$ices an& the &igita! "actor# an& "!eets on

ho Tata companies can come together to co!!aborate "or mutua! bene"it+

Draing attention o" the Tata group emp!o#ees to c!imate change, sustainabi!it# an& aris

agreement, )istr# sai&: ( critica! aspect o" business ece!!ence is intimate!# !in*e& ith theissue o" sustainabi!it#+

+++e in the in&ustr# i!! nee& to support the actions committe& to in aris b# go$ernments

across the or!& b# ma*ing our operations an& o""erings more en$ironment"rien&!#, an& b#

encouraging sustainab!e consumption ithin communities e ser$e+

Stating that in the contet o" the ne cha!!enges !i*e the changing c!imate, he sai& the group's

progress ma# "ace shortterm obstac!es+

e ha$e to or* e$en more intensi$e!# to &e$e!op a &eep un&erstan&ing o" the nee&s o" the

customers an& the communities e ser$e+ n!# then i!! e &e!i$er pioneering pro&ucts an&

ser$ices an& &e!ight our customers an& communities ith the eperience e o""er them,

)istr# sai&+