Diversification strategies play a major role in the behaviour of large firms. A sequence of diversification followed by restructuring has been common in countries such as Australia, USA, UK and Germany
In the Fortune 500 US industrial companies, the proportion that generated more than 25% of their revenues from diversified activities increased during the 1950s, 1960s and early 1970s, but then fell off again during the 1980s
Fortune 500 companies with >25% revenues from diversified activities
Firms Vary by Degree of Diversification A Eg DLF Eg UB Eg Hero Group Eg Tata Group Single-business > 95% of revenues from a single business unit Low Levels of Diversification Dominant-business Between 70% & 95% of revenues from a single business unit B A Unrelated-Diversified Business units not closely related High Levels of Diversification A B C Moderate to High Levels of Diversification < 70% of revenues from dominant business; technological & distribution links Related constrained Related linked (mixed) < 70% of revenues from dominant business, only limited links exist A B C B A C
Group was founded by Jamsetji Tata in the mid 19th century,
The Tata Group is one of India's largest and most respected business conglomerates, with revenues in 2006-07 of $28.8 billion (Rs129,994 crore), the equivalent of about 3.2 per cent of the country's GDP
The Tata family of companies shares a set of five core values: integrity, understanding, excellence, unity and responsibility.
The Tata Group has operations in more than 80 countries across six continents, and its companies export products and services to 85 countries.