Cyrus Mistry Fiasco: Acid Test for Brand Tata’s Business Basics
Quotes Vijay Govindarajan about the problems facing Tata Group after the controversial dismissal of Cyrus Mistry as chairman of Tata Sons Limited. "First, the Tata group is always known for management excellence despite being family-owned. That is why the current leadership crisis stands out as an anomaly," says Govindarajan. "Second, this incident raises fundamental issues of corporate governance that all Indian companies must address going forward. Third and perhaps the most important is the distraction this crisis is causing at a time when the Tata group has to contend with many challenges like Brexit or the most recent US elections that have cast globalization in a different light. The last thing they need is a crisis at the top."
Nov 18, 2016