Family Business & Entrepreneurship Assignment Example | Topics and Well Written Essays - 1500 words

Family Business & Entrepreneurship - Assignment Example2.1. Tata Group In brief, Kuratko describes the Tata Group as a well-known(a) and one of the oldest family concernes in India, with its presence in more than 100 countries. Tata Group was founded in 1868 as a family business in textile industry and has expanded into various other sectors such as textiles, communications, software, engineering, materials, services, cypher and consumer products(2013, p.559). Some of Tata companies include Tata Steel, Tata Motors, Tata Consultancy Services, Tata Power, Tata Chemicals, Tata Teleservices, Titan, the Taj group of hotels etc. The total revenues of Tata Group are around $ 80 billion, approximately of which come from Tata companies outside India. While much can be said about the Tata group, the most pronounced point of argument is its future performance in the native and international markets after the appointment of virgin Chairman, Cyrus Mistry, who is part of Tata family through marriage and as largest shareholding member.2.1Point of study Within the Tata Group, Tata Motors has been the point of attention both(prenominal) for the company and the media in recent times, especially after their acquisition of Jaguar and Land Rover (JLR) from crossroad Motors, under the chairmanship of Mr Ratan Tata, following Fords failure to generate bread in the European markets. Reports indicate that Tata Motors, which was running in losses during this acquisition, closed the last quarter of 2013 in impressive profits in their European subsidiaries under the chairmanship of Cyrus Mistry (Sahu, 2014). While this is good news for the Tatas in European markets, their Indian business continued to report losses and weak demand with a 36% fall in good deal and 27% fall in revenues. To understand how family members commitment to the business translates into growth and profits, it is important to understand the temper of entrepreneurship exercised at the Tatas. This will also p robably highlight underlying