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

Family Business & Entrepreneurship - Assignment Example 2.1. Tata Group: In brief, Kuratko describes the Tata Group as â€Å"a well-known and one of the oldest family businesses 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, energy 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, most of which come from Tata companies outside India. While much can be said about the Tata group, the most noticeable point of argument is its future performance in the native and international markets after the appointment of new Chairman, Cyrus Mistry, who is part of Tata family through marriage and as largest shareholding member. 2.1 Point of study: Within the Tata Group, Tata Motors has been the point of attention both for the company and the media in recent times, especially after their acquisition of Jaguar and Land Rover (JLR) from Ford Motors, under the chairmanship of Mr Ratan Tata, following Ford’s failure to generate profits 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 volume 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 nature of entrepreneurship exercised at the Tatas. This will also probably highlight underlying

Philosophy Essay Example | Topics and Well Written Essays - 1500 words - 12

Philosophy - Essay Example Thus, all knowledge of things comes to us by objects that are outside. In a way, Hobbes has put forward a mechanism of knowledge; we receive stimuli and our brain and heart interpret it and then they send us signals that help us interpret what that thing is. However, at least in Leviathan, Hobbes is not too clear on how the signals are sent from within us. Hobbes goes on to state that, thus, â€Å"when we would express the decay, and signify that the sense is fading, old and past, it is called memory† (Hobbes Chapter II). He says that memory is simply our old sensory perceptions that have faded enough for us to not be able to remember them clearly, likening it to the light of the stars which fades during daylight, but is there still. Thus, our experiences are the sum of our memories. For Hobbes, memory is at par with imagination, with one slight difference, memory must always be empirically possible, whereas imagination need not be so. However, what is interesting is that Hobbes does not lay down the condition that memory has to be true in the sense of it having actually occurred, it can be an untrue event when it comes to the veracity of its occurrence, but it will be considered a memory of it is empirically possible. So, according to Hobbes, all memory, just like our senses, are perceived from objects that are outside of us, which we interpret through our sensory perception. In turn, it is these memories that shape up our world-view and our beliefs about things that are around us. When it came to memory, Plato held the view that everything that we know, or will ever know, is actually present in our memory already, or anamnesis. Time, and its passing, are mere illusions, when what is actually happening is that our memory is unfolding, nothing more. We are not acquiring new knowledge, rather it is our old memories that are unfolding and the illusion of time makes us believe