4 Changes Cyrus Mistry Envisaged To Get Young Talent Onboard With the evolving ecosystem, Chairman, Tata Group, suggests the following changes to its workplace.

By Samiksha Jain

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

tcs.com

When you hear that multinational conglomerate company's chairman is thinking about bringing cultural change in its workplace, doesn't it come as a shock for you? And that is what exactly Cyrus Mistry is thinking of. But if Mistry, the sixth chairman of the Tata Group, won't think this, then who else you would expect to think about it?

Described as "the most important industrialist" by The Economist, Mistry had suggested a few changes that needed to bring in the workplace to keep up with the changing time.

1. Goal Should Be One:

Chairman believes that for the better functionality of the organization, it is essential that the goal of the company and employee is aligned. Alignment of the goal would help company to reinforce their understandings of the facets that define them.

2. Finding New Leaders:

Mistry emphasizes on finding few leaders for the defined role which will help company in its future growth. He believes that it is important to chalk out what kind of leaders are needed for the next stage of growth therefore, it is important to research well about the person before hiring it for a particular role.

3. Keep Workplace Ethics in mind:

Another thing which he suggested is the work ethics. It is important for an organization to keep them and their employees updated about the market scenario. Every organization needs to ask the question to themselves that would the fundamental facets of culture continue to endure the changing market?

4. Rewarding:

Another most important thing which he suggested is rewarding. He suggested that it is important to provide the salary structures that will attract the best talent in the industry. Timely appraisals and incentives encourage employees to give their 100 per cent to the organization.

Hope these changes, suggested by the Tata's Chairman inspire other business tycoons and startup founders as well to bring greater productivity at their workplaces......

Do leave you views and comments @EntrepreneurInd.

Samiksha Jain

Former Staff, Entrepreneur.com

Side Hustle

How to Build Endless Passive Income With This Simple Online Hustle

Autopilot stores aren't just income streams. They are passports to freedom, flexibility and finally working and living on your own terms.

Marketing

Why Most Startups Fail to Get National Press — and What To Do Instead

Tech startups often struggle to gain national news coverage. Here's how startups can achieve that elusive national media attention.

Business News

Elon Musk's xAI Is Hiring Engineers for Its Anime 'AI Companions' — With Salaries Up to $440,000 a Year

xAI launched a set of "AI companions" earlier this week, with a third on the way.

Business News

ChatGPT's New Update Can Create PowerPoint Presentations and Excel Spreadsheets for You

The new AI agent can generate Google Sheets and slide decks, making it a powerful new office tool.

Starting a Business

Got a Startup Idea? Here's What It Really Takes to Make It Work

Having a great idea is only the starting line.

Leadership

We Have More Productivity Tools Than Ever — So Why Are We Getting Less Done?

Despite all the tools promising speed and efficiency, most companies are working harder and getting less done. The culprit isn't the technology; it's how we use it.