To survive and succeed in the ever changing environment, businessmen have to be creator and master of change. It is essential for business organizations to adopt suitable change programs and change strategies, if they want to meet the challenges of change. When organizations are going in for change, they have to build new capabilities in terms of various parameters and have to transform such capabilities into result oriented actions. The leader is an important determinant for the success of any organization, society and country.
There are many things that we can learn from Ratan Tata and here are a few: Ratan Tata always had a vision for his organization and himself. He knew where he is right know and where he wants his organization to be down the line.
Being proactive and solving problems even before they come is one of the most important qualities of an entrepreneur. A person should not have a tendency to react only when the situation demands but the person should be able to be anticipate what will happen in future and be able to adjust himself to it in present.
An entrepreneur who exercises such quality is always successful. Principles are inviolable even by the person who has created them. Ratan Tata and Tata group had some core values on which they never gave up. Public Safety and welfare is one of their main core values which they always followed.
The result was that Mr. Ratan Tata and Tata group became one of the most trusted group worldwide.
Ratan Tata stepped down from position of chairman of Tata group and was succeeded by Cyrus Mistry who was not from Tata family, which shows the values of Ratan Tata that competence weighs more than lineage. Ratan Tata had the ability to inspire and motivate others which is very important for a leader.
When a leader is not able to motivate others he is no more a leader and to be a successful entrepreneur you first need to be a leader than a manager. An entrepreneur should be able to motivate his team in order to get the job done effectively and efficiently.
No risk no gain.
Ratan Tata always believed in taking risk and the result is clear that the risk paid off. To be successful you need to take risk working in safe mode might make you feel comfortable but you will never be able to get best out of the system.
Ratan Tata always had a positive attitude and smile on his face. To be successful in life a person should have a positive outlook towards life no matter what the situation is.
Be a doer not a criticizer. Ratan Tata believed in investing in different companies so as his investment is always safe. He acquired a stake in the growing Chinese giant Xiaomi and leading e-commerce site snapdeal.
Investing in different companies ensures that your investment is safe and grows no what the situation of a particular industry is.
There are many lessons that can be learnt from Mr. Ratan Tata and the list is endless. To conclude I would say that people like Ratan Tata are born once in century and lot can be learned from them.7 Lessons from Ratan Tata Jun 30, 0 admin Born on 28 December in Surat, Ratan Naval Tata has been awarded Padam Vibhushan and Padam Bhushan in the year & respectively for his contribution towards trade and industry.
Ratan Tata was a ‘terrific combination’ of the four necessary leadership characteristics — character, commitment, competence and courage.
Leaders inspire others because they are inspired themselves. Ratan Tata, the chairman of the Tata group since , is set to step down from the post when he turns 75 later this month.
Here's a look at some key milestones the group achieved during his tenure. Ratan Tata was a ‘terrific combination’ of the four necessary leadership characteristics — character, commitment, competence and courage. Leaders inspire others because they are inspired themselves. A MAN OF VALUES The leadership qualities of Ratan Tata are coupled with his commitment to social service, justice and responsibility.
He holds the chairmanship of the Tata Trusts and is known to promote financial transparency and intense vetting for grants for projects that claim to help the needy. Jun 23, · In the midst of an ongoing search process to find Ratan Tata's successor to head the country's biggest corporate house, top leaders from the group have heaped lavish praise on his leadership style.