Tata Sons Chairman N Chandrasekaran on Tuesday asked employees of all Group companies them to focus on simplification, synergy and scale in order to achieve peak performance.
"To thrive in a world of rapid change, we need to reduce complexity across businesses and simplify. This will help us respond and react faster", Chandrasekaran, who took over as the chief of the Tata group in February this year said in his new year address to Tata employees.
"Synergy reflects the need for a 'One TATA' approach, leveraging collaboration between Group companies and associates, to be a force multiplier. To grow and innovate consistently, we must anticipate synchronicity. The Digital Revolution is putting technology at the heart of all industry to deliver real time value to an interconnected network of users," he said, adding that the group has a presence in many sectors and have potential to scale.
He stressed on the need to scale through growth, consolidation and collaboration.
The House of Tata remains a cornerstone of India's growth story, and will continue to play an influential role on the global stage, he added.
"With our diversified global footprint and our presence in the lives of almost a billion consumers, we are uniquely positioned. Globally, we find ourselves living in a time of deep transformation, with many exciting new developments, coupled with a heightened sense of uncertainty. The global economy is set to grow at 4% Y-o-Y in 2018-the fastest pace since 2011. Global expansion in this phase of the cycle will rotate increasingly towards developing markets-especially India," Chandrasekaran said.
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