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Tata Steel conferred with the prestigious Indian MAKE Award
Jamshedpur, 3/7/2013

~ Seventh win for Tata Steel since the award’s conception in 2005 ~

 

Tata Steel Limited was conferred with the prestigious MAKE Award 2012 at a ceremony organized in Mumbai today. The Indian Most Admired Knowledge Enterprises (MAKE) award aims to recognize organizations (founded and headquartered in India) for their ability to create shareholder value by transforming new as well as existing enterprise knowledge into superior products/services/ solutions. This year Tata Steel has also been recognized as MAKE winner at Global and Asian level.

 

Mr. Anand Sen, VP (TQM & KPO), Tata Steel received this honor from Mr. Adi Godrej on behalf of the company.

On winning the prestigious recognition, Mr. Sen said, "It gives me immense pleasure to receive this award on behalf of Tata Steel. Tata Steel’s operations are one of the most robust in the global steel industry and we remain committed to the pursuit of challenging targets, safety, environmental protection, continuous improvement, openness and social responsibility in every aspect of our business around the world. This has been possible through the utilization of intellectual capital which exists within Tata Steel group.”

 

Tata Steel has previously been recognized by the Indian MAKE awards on six accounts since its inception in 2005.

 

About India MAKE Awards:


The Indian Most Admired Knowledge Enterprises (MAKE) study is part of Teleos’ MAKE research program. The Indian MAKE study was established in 2005 to recognize organizations (founded and headquartered in India) for their ability to create shareholder value (or in the case of public and non-profit organizations, to increase stakeholder value) by transforming new as well as existing enterprise knowledge into superior products/services/ solutions.

 

This research tool employs an expert panel’s perceptual knowledge to identify critical issues – in the case of the Indian MAKE study to identify those Indian-headquartered organizations which are leaders in creating organizational intellectual capital and value through the transformation of individual/enterprise knowledge into world-class products/services/solutions. In the Indian MAKE study there are three rounds of consensus building. In the first round, members of the expert panel nominate enterprises founded and headquartered in India. In the second round, each member of the expert panel evaluates and selects as best practice a maximum of three organizations from the list of nominees. In the third and final round, the Indian MAKE Finalists are ranked against each of the eight knowledge performance dimensions which form the MAKE framework and are the visible drivers of wealth creation:

  • creating a knowledge-driven enterprise culture
  • developing knowledge leaders and workers
  • innovation (R&D, creativity and new product/solution/service design and delivery)
  • maximizing enterprise intellectual capital
  • enterprise-wide collaboration and knowledge sharing
  • creating a learning organization
  • creating value from customer/stakeholder knowledge
  • transforming enterprise knowledge into shareholder/stakeholder value

 

 

 

About Tata Steel


Established in 1907 as Asia's first integrated private sector steel company, Tata Steel Group is among the top-ten global steel companies with an annual crude steel capacity of over 26.5 million tonnes per annum (mtpa). It is now the world's second-most geographically-diversified steel producer, with operations in 26 countries and a commercial presence in over 50 countries. The Tata Steel Group, with a turnover of US$ 26.13 billion in FY 12, has over 80,000 employees across five continents and is a Fortune 500 company. The Group’s vision is to be the world’s steel industry benchmark in “Value Creation” and “Corporate Citizenship” through the excellence of its people, its innovative approach and overall conduct. Underpinning this vision is a performance culture committed to aspiration targets, safety and social responsibility, continuous improvement, openness and transparency. In 2008, Tata Steel India became the first integrated steel plant in the world, outside Japan, to be awarded the Deming Application Prize 2008 for excellence in Total Quality Management. In 2012, Tata Steel became the first integrated steel company in the world to win the Deming Grand Prize 2012 instituted by the Japanese Union of Scientists and Engineers.

 

Chief
Corporate Affairs & Communications



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