Management of TCS
Management of TCS
Management of TCS
Management of HUL:
TCS sets industry standards through an innovative solution delivery model. It is trying
to create a unique business model so that competitors cannot imitate it. The
business model of TCS is what has caused its flourishing success over the past years.
The company deals in delivering products and services all over the world in the
sectors of Information Technology and Consultancy. In the year 2018, TCS was
positioned at the eleventh position on the Fortune India 500 list. They decided to
have an intervention at the organizational level by giving the four factors of
consumers, employees, technology, and wealth attuning. This would strengthen the
business model of TCS. Some of the strategy shafts of TCS are as follows:
1) Revenue Recognition
2) Corporate Clientele
3) Seller’s market
4) Distribution of Earnings
5) Global Strategy Execution
6) Alliance Strategies
TCS has built a strong, highly successful global business, and sustains its leadership
position by adhering to high standards of principled conduct. We include relevant
clauses in all contracts with associates, customers, suppliers, and partners. TCS also
reviews its policies and training modules regularly to comply with legislation relating
to corruption and improved norms on business ethics. At the Board-level, the Ethics
and Compliance Committee oversees TCS' adherence to the TCoC.
TCS has also established a global policy on the Prevention of Sexual Harassment
(POSH) at the workplace. This document was updated in February 2014 to align with
current legal mandates, in particular the Sexual Harassment of Women at Workplace
(Prevention, Prohibition and Redressal) Act, 2013, enacted in India, where a majority
of our workforce is located. In addition to this, employees can report serious
violations of the TCoC directly to the Board without fear of reprisal under our
Whistle Blower Policy.
Corporate Governance of HUL:
Transparency and accountability are the two basic tenets of Corporate Governance.
People at Hindustan Unilever feel proud to belong to a Company whose visionary
founders had laid the foundation stone for good governance long back and made it
an integral principle of the business, demonstrated in the words above.
To succeed, HUL believe, requires the highest standards of corporate behaviour
towards everyone they work with, the communities they touch, and the
environment on which they have an impact. This is the road to sustainable,
profitable growth and creating long-term value for the shareholders, the people, and
the business partners. The principles of Corporate Governance are based on
transparency, accountability and focus on the sustainable success of the Company
over the long-term.
References:
https://www.firstpost.com/business/tcs-indias-most-admired-company-hul-itc-infy-follow-
study-958641.html
https://www.financialexpress.com/market/four-of-top-10-firms-add-rs-68458-72-cr-in-m-
cap-hul-infosys-biggest-gainers/2274833/
https://www.marketing91.com/business-model-of-tcs/
https://www.marketing91.com/business-model-of-hul/
https://www.tcs.com/corporate-sustainability-governance
https://www.hul.co.in/Images/corporate-governance-report-2019-20_tcm1255-
554765_1_en.pdf