Strategic Plan for Tata Motors and UN SDG Engagement
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Added on  2023/01/11
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This report provides a strategic plan for Tata Motors to engage with UN SDG and achieve sustainability goals. It discusses the company's current impact on SDG goals and recommends actions for future progress.
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Table of Contents Introduction......................................................................................................................................2 Company Description..................................................................................................................3 Conclusion.......................................................................................................................................8 REFERENCES................................................................................................................................9 Appendix........................................................................................................................................10
Jushina Consultancy Firm 24, main Road, Opposite Reliance fresh Bazaar, Mumbai To, All the Board of Directors Tata Motors Mumbai, India April 21, 2018 Dear all, Introduction The reason of writing this letter is to make you all aware about the SDG goals which company is used and recommending a strategic plan of action on why and how to respond or engage with UN SDG. The main motive of writing this letter is to provide the critical approach towards sustainability and provide a roadmap of strategic action until 2030 for Tata Motors. As, currently the company is affecting three SDG goals in both positive and negative manner. Such that company focused on three goals i.e. reduce inequalities, Responsible consumption and Production, climate change. Like, the industry have many branches which always take care of all the eight SFG among all, it mainly focus on the climate change and for that it focus in the low carbon growth and zero pollution Transportation, for that it start working on electrical vehicles. Thus, currently the company did not affect the SDG in negative manner but it makes an effort to use all the 17 SDG. There is a need to care all these goals because it serve as a guidelines for a business in order toassess and manage the social, economical and environmental risk which in turn help to sustain the brand image of the company and its strategic position within a market.
Company Description Tata Motors is one ofthe top company in India and due to having strong financial condition, it creates positive impact upon the SDGi.e. its 3 goals. Such that for Reduce inequality, the company actually used the technology in order to provide best job opportunities to people without differentiating them. But under this, company face issues i.e. individuals who are disable face obstacles like monsoon, distance and travel time and this affect the overall business (Tata Motors SDG,2019).Further, for the goal, 12, Tata Motors implement product portfolio analysis tool in order to understand the lifestyles and provide innovative products to the customers. Such that it also apply modular design so that products constituent parts will be easily separated or re-used. For climate change, Tata Motors developing a fleet of fuel cell buses which is based upon the hybrid platform series so that public gets clean transportation. Currently, the company is mainly focus on the reducing the pollution by provide advance technology vehicles and also start working on reducing carbon footprints of operations. Such that Tata Motors has increased the share of renewable energy from 16.34% to 20 of total electricity consumption. Not only this, at current situation, the company also strengthening the waste management and work on 3 R’s I.e. recycling, reuse and recovery. Further, the company also encourages people to use eco- friendly material so that it will not cause any negative impact upon environment (Power, 2020). As the company is engaged in manufacturer of motor vehicles and it is engaged In business of automobile products which consist of commercial and passenger vehicles and its business model is as mention below:
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The current strategy of Tata Motors with regards to SDG is to reduce inequalities and for that company also provide safety to all its employees and build socially responsible value chain. But in the same time, by 2030, it is recommended to the firm to focus more on the SDG goals so that it will easily sustain its brand image in new market. By 2012, the goal of the company is different but in 2020, it comply almost many SDG goals and this shows the company is in progress and till 2030 it will help to reduce the carbon footprints and reduce pollution by introducing new vehicles (Chaturvedi and et.al., 2019). On the other side, it has many competitor who also comply with this SDG such that TCS is also focus on the green buildings and Green IT in order to promote healthy environment. Therefore, by 2030, company will provide positive
environment by reducing the level of pollution and also make sure that it meet the demand of customers. By 2030, the company wants to be a top and comply at least 15 SDG goals so that its CSR report is also improved, as a result, it will easily sustain the brand image at international company. It will be not differently by then with regards to SDG goals because it is possible only when the company focus upon CSR and in the current situation, the Tata Motors also contribute 1500 Cr to the Indian Government for fighting against COVID-19 (Giuliani and et.al., 2020). This clearly reflect that company wants to grow more but it also taking steps to provide better life to Indian people and that is why, it keep focusing on the SDG. In order to attain the define goals in 2030, it is recommended to the firm that it start working on the advance technology so that it will help the firm to meet the requirement. As company also focus to producing electric vehicle that helps to control pollution and that is why, it has to consult with top IT professionals so that it will help to meet the define aim (Sachs and et.al., 2019). On the other side, under its supply chain, Tata Motors should also tie up with top IT firms in order to generate solution so that the designing of the vehicles will be better and customer will easily buy the products. Further for transportation, it may supply the product internationally and its designing should be attractive so that it will grab attention of many customers.
international level and this in turn helps to improve its financial performance as well (Piechota and et.al., 2019). Further, it is also analyzed that electrification is a large investment but once the company invest upon this, then it will definitely provide the best outcomes for the country, people and company itself. Therefore, it shows that it will be more beneficial for the company to invest the same by 2030 in order to attain more SDG. On the other side, company have to comply some laws and legislation of India so that it will not cause any negative impact upon the company. Such that government keep setting and implementingthe water quality policy framework and develop standards in order to regulate discharge of pollutant into an environment. On the other side, government of India also keep focus on removing poverty and that is why, it develop range of policies, also Tata Motor also uses comply with laws prescribe by government to meet the goal of 2030 (Rush,2019). From the planning, it is analyzed that to meet the agenda of 2030, Tata Motors make sure that it recruit the best professionals and also keep presenting the proposal too their company’s stakeholders, partners in order to determine their views related to the project (Crosby, Laird and 2020 Set up the team that helps to design a public transport Set KPI 2025 Make sure that standards are met Make changes as per the requirement and set up suppliers 2030Presnet the best public transport with proper electrification
Younie, 2019). As having a strong financial performance, company offer range of products but its main product is automobile and that is why, too comply with the SDG goal, it wants to introduce 100% electrification public transport especially Buses. For that, it make sure that it make proper analysis of market by using SWOT and Pestle which is included in Appendix. The timeline for implementation the agenda is as mention below and it takes around 9 to 9.5 years in order to meet the define area. The aim of Tata Motors is to implement 100% implement electrification public transport within 10 years so that it will help to reduce the pollution up to 40% in next 10 years Particulars20202021202220232024202520262027202 8 2029 Setting up aim and objectives Develop team Make changes inbusiness model Finalize design Starthiring topfirmfor implementing the aim Designing Advertisement Monitoring Test drive Finalizing
Conclusion By summing up above report it has been concluded that if any one provide their views and recommendation they can. The current proposal will help the company to meet the define aim and by 2030, it will help to meet the define aim and objectives and this will help to meet Other SDG. Though it has many limitation such that it is not easy for the company to implement such a new product in entire country in short notice but the agenda has its positive impact upon environment, so it will be better. Further, if any Board director wants to raise any question, then they will ask in meeting, if you all like this proposal.
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Appendix SWOT analysis StrengthWeakness One of the top companyin India and has a diversified portfolios Recognizedbrandandrangeof employees Focus on innovation Weak marketing policy Narrow domestic market OpportunitiesThreats Global Positioning Strongfinancialpositionprovidean opportunity for Merger and Acquisition Expanding its Auto market Market competition Increasing fuel price Changes in law on environment PESTLE analysis Political FactorSudden change in the political stability of the country affect the business. But it has a strong financial performance which help to cope up the issue and to fulfill its agenda 2030, Company keep focus on the political stability Economic FactorDue to recession, the company affect in adverse manner, but India isaDevelopingcountryandthatiswhy,itdidnotaffect profitability of Tata Motors. Social FactorChanges in the society’s beliefs and attitude affect the business of Tata. Such that in 2030 when the company introduce electrification public transport then it is necessary for the company to let people understand about it so that they will start using it. Technological FactorIt is used advance technology and that is why, when the product is completed, company have to start using modern form of marketing
tool so that it will help to attract range of customers. Legal FactorTata Motors should make sure that it comply with all the laws and regulation so that it will help to fulfill the agenda in 2030. Such that Employment act, copyright, health and safety Act etc. Environment FactorCompany follow sustainability act and that is why, it keep focusing in the weather, recycling and climate change as well.