The document is a comprehensive analysis addressing the challenges faced by Tata Group under Ratan Tata's leadership, focusing on diversification, management control, and the future of struggling subsidiaries like Corus Mills. It also discusses the importance of effective management practices, leadership skills, and the strategy formulation required for navigating complex global markets. Furthermore, it highlights the significant transition anticipated with Ratan Tata's impending retirement and the subsequent need for strategic adaptation and succession planning within the company.