Annual Business Excellence Convention (BEC), Chennai, December 7, 2013

Business Excellence Convention focuses on long-term value creation

Creating long-term value was the theme of the annual Business Excellence Convention (BEC), which concluded in Chennai on December 7, 2013. The two-day event saw senior Tata leaders, the group’s business excellence community, and experts from various fields discuss how, in a changing business environment, companies needed to look beyond short- term profits and preoccupations to focus on strategies that will help build longevity for their business and their brands.

Group Chairman Cyrus P Mistry also attended the convention, participating in the deliberations, both as part of the audience and during an interaction with Group Executive Council member Dr Nirmalya Kumar.  “Every time I meet a new company and people within our existing companies, I see the opportunities unfold continuously. We have a huge amount of depth and breadth within the group and each of the Tata companies has grown further and each of our smaller companies has new avenues to open up,” he told Dr Kumar, when asked about the opportunities ahead for the Tata group. Mr Mistry also answered questions from members of the audience, sharing his views on topics such as globalisation, employee engagement and diversity.

Earlier, delivering the opening remarks at the convention, Prasad Menon, chairman of Tata Quality Management Services (TQMS), thanked the Chairman for his commitment to the business excellence (BE) movement and for showing a new direction in the form of the recently-introduced presentations by assessing teams to the boards of the companies they had assessed.

Sunil Sinha, chief, Group Quality Management Services, presented an overview of the excellence journey in 2013 and also summed up the way forward. Mr Sinha also informed the audience about some key changes to the Tata Network Forums (TNFs).