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Tata Group Company has achieved success where many other companies have failed in the contemporary, dynamic, and competitive world. Notably, the company has faced and conquered several obstacles en route to achieving global renown. The Tata Group is a global company that has hundreds of companies spread over numerous nations. Although the company initially just had one location in Bombay, India, a number of factors led to its global expansion. Tata boosted its market dominance and profitability by going global, but doing so exposed it to dangers brought on by erratic exchange rates. Tata Group developed efficient ways for resolving issues as they arose and boosting profitability despite the difficulties. Multiple factors led to Tata Group’s overseas expansion. Firstly, the executives argued that strategic positioning was critical for optimizing on the emerging opportunities. As a result, in 1907, the company established an outlet in London to leverage on Europe’s industrialization era. Also, the company established stores in other locations in the world to improve the lives of people in different communities through charity as well as reduce the costs of production. Overall, the global expansion strategies had positive impacts on Tata’s financial position.
For a long time, especially in the last five years, Tata Group recorded impressive financial results. Notably, the organization’s revenue increased from $96.8 billion in 2013 to $130.39 billion in 2017. The firm has a vast pool of reliable sources of funds. Apart from over 4 million shareholders, Tata gets revenue from equity shares, loans, and reserves and supply.
Today, foreign exchange rate risks remain a significant problem for Tata Group. Due to its scope and size, the enterprise is exposed to the dangers of exchange inherent in international transactions and translations. Apart from these challenges, Tata Group faces stiff business competition both locally and internationally. Also, its success is highly dependable on the political stability of other companies which might be fragile.
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