Thursday, November 03, 2005

Ratan Tata's Interview

If there is one Corporate head that I absolutely respect in India it is Rata Tata, the Chairman of the TATA group in India.

A recent McKinsey Interview with him tells us more about him.

Some excerpts:

companies that are not good corporate citizens—that don't hold to standards and that allow the environment and the community to suffer—are really criminals in today's world

What I feel most proud of is that we have been able to grow without compromising any of the values or ethical standards that we consider important. And I am not harping on this hypocritically. It was a major decision to uphold these values and ethics in an environment that is deteriorating around you. If we had compromised them, we could have done much better, grown much faster, and perhaps been regarded as much more successful in the pure business sense. But we would have lost the one differentiation that this group has against others in the country. We would have been just another venal business house.

I have been involved with South Africa for perhaps seven or eight years. There was such an enormous disparity between rich and poor, and I always felt that this large poor community had been exploited over the years. So I met [Thabo] Mbeki before he became president—this was in [Nelson] Mandela's time—and I said we really wanted to do something in South Africa to give to the country rather than take away from it.

We have been a very measured, very cautious group, which has looked at the market, decided what was safe, and then moved in. We need instead to lead and not just follow. We have to take more risks and gain predominance in that manner. Targeting the larger part of the income pyramid is an important part of what Tata will be doing.

2 Comments:

Blogger Girl said...

i have a blog "undergraduation in USA"

10 November, 2005 15:26  
Blogger bhattathiri said...

HIS art of Management has become a part and parcel of everyday life, be it at home, in the office or factory and in Government. In all organizations, where a group of human beings assemble for a common purpose irrespective of caste, creed, and religion, management principles come into play through the management of resources, finance and planning, priorities, policies and practice. Management is a systematic way of carrying out activities in any field of human effort. Management need to focus more on leadership skills, e.g., establishing vision and goals, communicating the vision and goals, and guiding others to accomplish them. It also assert that leadership must be more facilitative, participative and empowering in how visions and goals are established and carried out. Some people assert that this really isn't a change in the management functions, rather it's re-emphasizing certain aspects of management.

Its task is to make people capable of joint performance, to make their weaknesses irrelevant, says the Management Guru Peter Drucker. It creates harmony in working together - equilibrium in thoughts and actions, goals and achievements, plans and performance, products and markets. It resolves situations of scarcity, be they in the physical, technical or human fields, through maximum utilization with the minimum available processes to achieve the goal. Lack of management causes disorder, confusion, wastage, delay, destruction and even depression. Managing men, money and materials in the best possible way, according to circumstances and environment, is the most important and essential factor for a successful management.

18 November, 2009 19:45  

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