With its wide diversification of business across six continents, Tata faces severalchallenges. The first problem is to build a consistent vision while being in manydifferent markets and industries. Another challenge is to formulate strategies for over 100 companies in more than 80 countries. Besides this, another problem of TataGroup is the high involvement of Ratan Tata, who is the chief steward of the groupof nine senior executives sitting on the boards of the Tata companies, in both thenegotiations of major deals and the details of his auto-making, telecom or steelbusinesses (Luthans and Doh 2009). The next challenge for Tata is on how toabsorb the struggling Corus mills. Other challenges for the future include deciding onwhich businesses to spin-off and which to pursue, what will happen to theconglomerate during an economy slow-down. The most challenge issue for TataGroup perhaps would be to fill the void left behind by the energetic and visionary Mr Ratan Tata - Chairman of the Tata Group, when he retire (Koontz and Weihrich2010).With its wide diversification of business across six continents, Tata faces severalchallenges. The first problem is to build a consistent vision while being in manydifferent markets and industries. Another challenge is to formulate strategies for over 100 companies in more than 80 countries. Besides this, another problem of TataGroup is the high involvement of Ratan Tata, who is the chief steward of the groupof nine senior executives sitting on the boards of the Tata companies, in both thenegotiations of major deals and the details of his auto-making, telecom or steelbusinesses (Luthans and Doh 2009). The next challenge for Tata is on how toabsorb the struggling Corus mills. Other challenges for the future include deciding onwhich businesses to spin-off and which to pursue, what will happen to theconglomerate during an economy slow-down. The most challenge issue for TataGroup perhaps would be to fill the void left behind by the...