Taj has significant organizational resources that support its operations. It has access to financial resources through banks and its parent company. It owns 110 hotel properties globally and has large physical assets and land holdings. Taj employs around 25,000 highly trained staff and invests heavily in employee training, engagement, and wellbeing. It utilizes advanced technologies to optimize customer experience and operations. Taj also has strong brand recognition and goodwill as a capital resource due to its 150-year heritage under the reputable Tata group.
Taj has significant organizational resources that support its operations. It has access to financial resources through banks and its parent company. It owns 110 hotel properties globally and has large physical assets and land holdings. Taj employs around 25,000 highly trained staff and invests heavily in employee training, engagement, and wellbeing. It utilizes advanced technologies to optimize customer experience and operations. Taj also has strong brand recognition and goodwill as a capital resource due to its 150-year heritage under the reputable Tata group.
Taj has significant organizational resources that support its operations. It has access to financial resources through banks and its parent company. It owns 110 hotel properties globally and has large physical assets and land holdings. Taj employs around 25,000 highly trained staff and invests heavily in employee training, engagement, and wellbeing. It utilizes advanced technologies to optimize customer experience and operations. Taj also has strong brand recognition and goodwill as a capital resource due to its 150-year heritage under the reputable Tata group.
• Financial Resources- The financial resources play an important role
in the survival of any organization in the market; any deficiency of these put the company’s survival at risk. All these matters have been judged in case of shareholder returns. Taj has access to huge amount of the financial resources through various means like banks etc. and it also has support from its parent company the TATA business private ltd. It has healthy 48% stake of institutional investors in IHCL: Foreign institutional investor are 12% and domestic institutional investors are 36%. It has market capitalisation up 21% • Physical Resources –Taj hotels own 110 properties and it has presence in US, Australia, Dubai, Maldives, Malaysia, Sri Lanka, the United Kingdom, South Africa, Bhutan and Zambia internationally. It has Fixed Assets worth Rs 6,538 Crores and total land bank area of 970 acres. Taj uses the most advanced technologies that are available in the market to provide best services to its customers as their requirements tends to change depending on the market position. It also invests a lot in recruiting the best people in the field of hospitality, • Human Resources – it has around 25000 employees. Taj has Investments in employee training: Rs7.47 Crore and Investments in employee engagement initiatives and recognitions: Rs 51.40 Lakh . the employee engagement are in forms of Real-time engagement through V- connect, daily meetings and briefings, Monthly town halls and Employee committees, union meeting. They also invest in Safety and security and wellbeing of the employees . Staff is highly trained to go the extra mile to delight customers. • Technological Resources – Indian Hotels Company Limited (IHCL) obtained a trademark for the Taj Mahal Palace Hotel, giving it the unique advantage of being the first building to receive a trademark in India. As no other building has a trademark. Now a days all the businesses use the most up to date and sophisticated technology to gain competitive advantage. Through the use of the right technology platforms, Taj has optimised our customer know-how and designed customised services and offers across product categories. This has renewed focus on our business operations for strengthening competitiveness and making core operations faster, better streamlined and more efficient.
• Capital Resources – The company’s properties that have a
remarkable influence on the financial success and the survival of the organization are the goodwill and Brand. The Taj hotels which are owned by the Tata’s carry brand image of their parent company in its domestic market and around also in their international markets. Their brand image and loyalty are very high in the domestic and international market. As they have a strong heritage of 150 years