INTERNATIONALIZATION

Internationalization of Tata Group

Internationalization of Tata Group

Introduction

Globalization has left a lasting imprint on the business community. Private and public actors from around the world are increasingly interconnected, materializing through globally disaggregated production value chains, universal consumer products, and non-discriminatory trade regulation. While economic globalization seems to be undeniable at first sight, a closer look at the international trade and investment statistics suggests that international business is often semi-globalized or regionalized, thus balancing popular accounts that, the world is flat. Certain markets have remained highly (sub) national in nature (Yaprak et al. 2010: 2457). Besides, internationalization processes include expansion as well as retreat, which may be in response to regulatory fluctuation and changed regulatory differences between a company's home and host countries. So today's international business markets are dynamic and cover the whole spectrum, from global to local. The selected company for analyzing its internal and external environment is Tata group as discussed below.

The Tata Group is a personal multinational conglomerate headquartered in Mumbai, India. Tata Group was very reliant on the Indian finances and determined to take a broader place and started diversifying and buying out-of-doors international companies. The company is one of the largest organizations of the world that are operating on an international scale and doing exceptionally well. The company is currently involved in the operations of steel, automobiles, information technology, power, communication, tea, and hospitality and it is interest in growing rapidly in other sectors, as well. The company is currently operating in more than eighty five countries on six continents including United Kingdom. In addition to that, they are also exporting their products and services to more than eighty nations worldwide. Tata group of companies has 114 companies and subsidiaries in 7 business sectors, out of which twenty seven companies are publicly listed. In addition to that, the management also recognizes its responsibility towards the well-being of people because of which 65.8% of the ownership of Tata group is held in charitable trusts (Nath 2006: 145). Companies that include a significant part of the group are Tata Motors, Land-Rover, Tata Consultancy Services, Tata Steel, Tata Technologies, Tata Chemicals, Tata Communications, Tata Teleservices and the Taj Hotels (Yiu et al. 2005: 196).

In this essay, we will be analyzing that the increasing internationalization of MNCs such as Tata and has major implications for UK stakeholders. Also, we will be discussing the internal and external environment of the company.

Discussion

Tata Motors goods are the only full variety constructor of vehicles. These goods encompass motor advisers, motor trucks, utility vehicles and traveler cars. Tata Motors has conceived an aim to develop a better merchandise portfolio by relentlessly increasing their goods to be entire and comprehensive. Tata Motors has actually concentrated on the trading blend of conceiving merchandise that is a better and safer mode of transport at a cost they can afford.

Tata Motors goods have a powerful emblem value. They are glimpsed as dependable and that their charges are appropriate. The business has developed this mind-set by focusing on ...