Introduction• Management Development is best described as the process from which managers learn and improve their skills not only to benefit themselves but also their employing organizations• Organisational development
Approaches Management Development and Performance Improvement programs have traditionally utilized three approaches:• Training Programs• Performance Appraisal• Organizational Surveys• Management feedback system
ManagementDevelopment Efforts Of An Organisation - TATA GROUP
Introduction• Tata Group is an Indian multinational conglomerate company headquartered in Mumbai, Maharashtra, India• founder, Jamsed ji Tata• current chairman of the Tata group is Ratan Tata• Tata Group is one of the largest companies in India by market capitalization and revenue
Cont……..• The Tata Group has operations in more than 80 countries across six continents and its companies export products and services to 80 nations• It comprises 114 companies and subsidiaries in eight business sectors, 27 of which are publicly listed• 65.8% of the ownership of Tata Group is held in charitable trusts
Cont….• Companies which form a major part of the group include Tata Steel , Tata Motors, Tata Consultancy Services, Tata Technologies, Tata Tea , Tata Chemicals, Titan Industries, Tata Power, Tata Communications, Tata Sons, Tata Teleservices and the Taj Hotels.• The 2009, annual survey by the Reputation Institute ranked Tata Group as the 11th most reputable company in the world. The survey included 600 global companies.
Cont……• The Tata Group has helped establish and finance numerous quality research, educational and cultural institutes in India.• The group was awarded the Carnegie Medal of Philanthropy in 2007 in recognition of its long history of philanthropic activities.• Tata gets more than 2/3 of its revenue from outside India. In June 2011, based on market value Tata Group has become Indias wealthiest group with $98.7 billion.
Business Ethics And Code of Conduct• Updated in 2008• Increasing group activities• More guidance towards issues as integrity, sustainability, competition and excellence• Employees personal responsilbility
TATA’s LeadershipDevelopment AndTraining Program
• TATA management training centre• Cross-Functional exposure• Cross-Company Mobility• “Leadership Development Series”
Corporate Governance trust and integrity bring more accountability , while creating wealth legally and ethically believe in fairness in words , actions and deeds with all stakeholders corporate governance council
Safe Workplace• Guidance from Dupont, a world leader in safety• For high health and safety standard - Australian – based blue scope steel• Working with an organisation “safe” in India RESULT :• improvement in safety level from 1.38 in 2008/09 to 0.95 in 2009/10
Corporate Social Responsibility• concept morphed into corporate sustainability• structured in very informal way• tata council for community initiatives
Cont………• Ensuring the safety and well being of employees;• Respecting and safeguarding the environment;• Providing customers with the best possible products and services;
Cont……• Contributing to local communities and to society in general;• Generating a good return on the investment of shareholders, and• Maintaining the highest ethical standards with suppliers and contractors and in all business dealings.