Tuesday, September 29, 2009
Tata Chairman wins Innovation Award
Tata Group Chairman wins The Economist's Innovation Award for Business Process Innovation
The statement from the Economist is as follows:
The Economist is pleased to announce that Ratan Tata, Chairman of the Tata Group, is the winner of this year's Business Process Innovation Award. Tata has forged a company that is shaping businesses across the globe and changing the way Indian companies conduct business. The company is also responsible for inventing the Tata Nano, the world's lowest-cost car. Innovative methods through which the car is designed and manufactured enable Tata Motors to offer a more affordable, safe and efficient form of mobility to families in emerging markets.
"Innovative ideas are everywhere," said Mark Langley, executive vice president and COO of the Project Management Institute. "What we salute with the Business Process Award is rarer: the implementation, through effective projects and programs that translates ideas into lasting change. Tata Motors' Nano challenges the way automobiles have been made and marketed for a hundred years. The application of project management is testimony to Tata Group's record of refining its processes, from boardroom to manufacturing floor, and promises transformation of an industry facing a billion new customers over the next generation."
DATED: 29.09.09
FEED: AW
