India: Tata's search for a new CEO
India: Tata's search for a new CEO
I. Insert the words from the article.
1.When older people ..., they leave their job and usually stop working completely. 2. Someone's ... is the person who takes their job after they have left.
3. To be ... means to be in a situation where something unpleasant might happen.
3. To be ... means to be in a situation where something unpleasant might happen.
4. A ... is a company which is part of a larger and more important company.
5. A ... company has branches or owns companies in many different countries.
6. ... is money that a company, organization, or government receives from people.
7. ... is the process in which something changes from one state to another.
8. A ... event has extremely bad consequences and effects.
II. Decide whether these statements are true or false.
1. Family leadership is typical of Indian business.
2. Most of the Tata Group's revenue is domestically generated.
3. According to a banker who knows the company, the idea of an outsider to the post of a CEO seems successful.
Is John Lewis the best company in Britain to work for?
III. Find the equivalents in the article.
иметь что сказать (выразить своё мнение); получать долю от прибыли; член коллектива; процент от зарплаты; поступить в продажу; известные имена (бренды); совместное владение; общие интересы
IV. Answer the questions.
1. Who is John Lewis owned by?
2. What are John Lewis employees like?
3. How is their bonus calculated?
4. What do they think about their employers?
V. Discuss these questions.
1 What are the good and bad points of bringing in someone from outside to run
a family·owned business?
2 Do you know of any company like john Lewis in your country? If so, how successful is it?
1. A person from the outside is suitable for managing a family business:
ОтветитьУдалитьFirstly, because he can look at the situation from the outside and offer a solution to the problem that family members may not notice,
Secondly, this person may be with more experience and proven skills,
Thirdly, there will be fewer disputes, conflict situations with such a person.
But there may also be bad sides to attracting someone from outside to manage the family business:
First, you will need to make work schedules. While without a person from the outside, the work schedule is made up by the family members themselves. But with a flexible schedule, there is free time for personal needs.
Secondly, you will need to schedule business meetings. While without an outside person to solve problems or issues related to a common cause, it is not necessary to schedule business meetings. Everything can be discussed at home, in a warm family circle.
Thirdly, the general work with a person from the outside can affect the emotional state of a person. After all, shyness and other qualities may appear, because of which it will be difficult to communicate with colleagues.
2. For example, Google provides free breakfasts, lunches and dinners in canteens, which are equipped with all offices of the technology giant. In addition to a full meal three times a day, the company's employees can always get free juice, coffee and snacks.In Google offices, you can not only have fun or eat delicious. It is quite possible to live here, especially if the schedule drives employees into a rigid framework. For those who do not want to go home, there are beds and shower rooms where you can fully sleep off and clean up.
Facebook competes with Google for the title of the most caring company in the world. Indeed, she has an impressive list of "buns": free three meals a day, bars that can be used during working hours, fitness centers, a swimming pool and her own laundry.
However, this is not all. The staff has a bicycle repair shop, a carpentry shop for those who like to work with their hands, a dog walking service for the busiest, as well as a large number of game consoles that you can chop into at any time. In the evenings, in the largest conference hall for Facebook employees, film screenings are arranged, and once a week, tired developers are entertained by guest stars.
The good side:
ОтветитьУдалить1. Suppose family members have a good idea, but they have no experience in implementing it. They can attract a specialist in this area.
2. If there is not enough family budget to start a business, you can attract a private lender;
The bad sides:
1. The interests of family members and a specialist from outside may differ and conflicts may arise because of this.
2. Fraud by a specialist and dishonest performance of work are possible.
1 Тhe positive side of bringing in someone from outside to run the business is the creation of a new business plan that differs from the previous one. That is, a stranger, especially a foreigner, can implement many new ideas, which will lead to increased productivity.
ОтветитьУдалитьAlso, a foreigner may have a lot of experience and the ability to cope with difficult situations.
The disadvantages of this method are the following
Firstly, a new employee may not know certain features of the company, for example, the traditions and customs of the family or country. And this ignorance can lead to incorrect decision-making.
Secondly, the appearance of a new employee can also lead to a quarrel in the family, because the interests of the members may not coincide.
2 As far as I know, there are no such large stores as John Lewis in Russia.
But in Russia there are many grocery supermarkets that are quite successful. For example, one of the most famous is Pyaterochka. This network has more than 10 thousand stores, which are very popular among the population. And thanks to this popularity, the sales volume is more than 1 trillion rubles, and the number of employees is about 200 thousand people.
In addition to Pyaterochka, there are other supermarkets in Russia, for example, Magnet, Tape, Auchan and so on. And there are also large shopping centers, which include various stores.
1. Let’s start from good points. First of all, outsider can bring something new for a business. And many problems in it, that family members didn’t notice, may be discovered by person from outside. Also that person will be interested only in business, so your family won’t be ruined because of disagreements in working part of your life.
ОтветитьУдалитьOn the other hand outsider may not know about some family’s traditional ways of running business, so it can create controversy between co-owners. As practice shows, older people don’t like innovations, new problem solving methods, etc., because it seems unknown for them. So it also can be the reason of conflict or misunderstanding between family owners and outsider.
2. Yandex N.V. is Russian company with really good and comfortable working conditions. You can work from home, there’re a lot of posts in different subsidiaries of Yandex company and it provides career growth too. You can also buy its shares while working in this company and became a shareholder. But, unfortunately, I can’t say that this company has exactly the same employee relations policy as the John Lewis has. But it still is very successful in Russia.
Nazhmudinova Siyada
1.
ОтветитьУдалитьGood points:
1. The opinion and view of a person attracted from the outside always helps to cope with conflicts and in many cases avoid them.
2. A professional can be attracted to the business, a person who has more skills and experience than family members.
3. An employee is the most objective in his views and is not emotionally dependent on the business. He can look at the situation from a different angle and give a new point of view.
Bad points:
1. Distrust of people from the outside. It is often for this reason that entrepreneurs create a family business.
2. Еmployees may feel uncomfortable, as a clear division into “us” and “them” is formed in the team. In such a team there will be no healthy relationships and productive work.
3. Involvement of employees in family problems.
2. I think in our country there are no such successful companies as John Lewis. However, one can single out such a company as X5 Retail Group N.V.
X5 Retail Group N.V. is a Russian retail company managed by «Pyaterochka», «Perekrestok», «Karusel» grocery retail chains, «5Post», «Okolo» digital businesses, «Food.ru» media platform, SPAR Moscow Holdings and many others.
The total number of companies at the end of 2020 was 17,707. Stores served an average of 12.7 million customers daily. In 2020, the group received 28.3 billion rubles ($391 million) of net profit.
The company provides its employees with benefits such as:
- Beautiful and comfortable offices.
- Employees have access to seminars and trainings, they have more than 300 educational programs, online and offline courses that help improve their skills.
- A fair system of reward and motivation, built on the system of grades. It links individual goals to the goals of the entire company.
- Financial assistance, discounts in the stores of the company and its partners, life and health insurance are provided as measures of social support for employees..
- Home office. This project allows employees to combine work from home and office. The project offers more flexible working conditions and aims to improve work-life balance and increase employee engagement.
[1]
ОтветитьУдалитьThe good points of bringing in someone from outside to run a family owned business:
Firstly, a person from outside may be an intelligent, educated, highly skilled worker. So, he will be able to teach you and your family something new.
Secondly, a person from outside may be a very friendly person. In this way, he will be able to rally the team and make friends with your family.
Thirdly, a person from outside may be a better worker than some family members. So, thanks to him, the business will develop.
The bad points of bringing in someone from outside to run a family owned business:
Firstly, it may be difficult for a person from outside to join the team, since he is not a member of the family, unlike the rest. Therefore, it will be difficult for him to show his abilities, talent, skills.
Secondly, a person from outside may not be very good. It is very difficult to find a good, honest person to accept him into the team. It is easier to trust your family members.
I think it's a good idea to accept a person from outside if the person is good and smart. Therefore, in my opinion, there are few bad points.
[2]
In Russia there are few companies like John Lewis, since large shopping and entertainment centers work in a narrower direction. But in my opinion, TSUM can be cited as an example. It is a large shopping and entertainment center that has chain stores in different cities and provides customers with a variety of goods and services: clothing, jewelry, cosmetics, food, entertainment, and more. I believe that it is quite a successful company, earning a lot of money from renting premises to representatives of different companies and brands.
Khairulaeva Shuana
1. Talking about the benefits of bringing outsiders into the family business:
ОтветитьУдалитьfirstly, these are new business opportunities that a new person sees
secondly, decisions regarding the improvement of production
and maybe another positive side is that this person will not interfere in family problems and only do his own thing about running a business
The disadvantages of attracting outsiders include:
the fact that some family members may not be happy with a new person in the business, especially if this decision is made without their consent
perhaps some of his ideas will not be entirely profitable and effective for this family and will lead to the destruction of the business
and maybe an outsider after a long stay in this family's business wants to take everything for himself
Good points:
ОтветитьУдалить1. These people can describe your company work from their side, point on possible mistakes in your work
2. These people have "a fresh look on things", it means that people from outside can give you a lot of interesting ideas, share with you their experience, skills, ambition.
Bad points:
1. Your interests, tastes may be different or you just may not fit in characters, what can lead to conflicts.
2. You need to coordinate your work with such a person, because he has individual approach to work.
One of the Russian companies that really take about their employees is VTB. It payed about RUB 2.4 billion for social programs for its employees. Employees have access to insurance, a corporate pension program, financial assistance (in exceptional occasions), particular compensation for higher specialized education and compensation for expenses associated with moving to another location. The bank's annual report also states that employees have access to a psychological support line and discounts on goods and services of partner companies as part of the VTB Privilege Club project.
1. The benefits of bringing in someone from outside to run a family-owned business are following:
ОтветитьУдалитьFirstly, it can add fresh mind to a company and open "the second wind" which means that there would be new great ideas and plans that could significantly improve a position of an enterprise.
Secondly, such a step can make a company much more multinational than it was before because people all over the world will be sure that the company doesn't serve the interests of just one country.
On the other hand, the drawbacks may also appear. Personally, I think that it's very very risky to delegate authority to a person from outside because company can just not live through those changes. Furthermore, we have to make sure that new chairman doesn't have some insidious plan which is gonna destroy company or ruin lives of employees.
2. In Russia, I don't know a company which is exactly like John Lewis. So I go with a marketplace called Wildberries. It doesn't own products, it just provide businessmen with the place to sell it. This is more like AliExpress if compare to overseas countries. And "thanks" to the coronavirus pandemic situation and recent sanctions this company has already increased its profit to enormous number and still has more and more opportunities for improvement. To be clear, the founder of Wildberries , Tatyana Bakalchuk, has become the woman with biggest fortune in Russia(2021) which was estimated at 13 billion dollars. During 2021 it grew by 1000%!
Рашидов Джалалутдин
1.It's neither good or bad. I assume you are the owner and maybe you have other family members that own it with you. I believe your responsibility is to help find the best leadership you can find to manage the company, whether that is within your family or outside the family.
ОтветитьУдалитьOne of the first things to ask is what are your goals for the company? Will it remain a smaller, lifestyle business or do you want it to grow into a larger company that might support many family member's financial needs?
Statistically there are many more qualified leaders outside your family so that can often be an easier solution at times. The challenge is to wade through all the people who will want the job and separating the real leaders from the fakes. Plus you have the people for who your job is merely a stepping stone to their next bigger job or starting their own business, which means you have to repeat the process over and over again.
Then there are the pros of having a family member manage the company. As a person who worked for my family business for 40 years and ran it for much of that time, I'll tell you the advantages of that arrangement.
As I grew up the business was always part of our family life, there was continuous talk about the products, the customers and the problems. I knew a hell of a lot about the business before I even joined it. I knew I was expected to run the place even at maybe 7 years old and spent a lot of childhood time at the company. You can't buy that kind of training.
2.As far as I know, there are no such large stores as John Lewis in Russia.
But there are a lot of other companies, which are very successful in different spheres. For example MAGNIT is the biggest grocery storn in Russia. Galitsky opened this store. In a short period of time, he brought him to a leading position in Russia. However, it has become unprofitable for the state that the income from the largest store goes into one hand. In 2017, the state bought the Magnet and it became owned by VTB.
Азизов Мурад