Recently
the demise of generous and renowned Business Leader Ratan Tata ji due to
age and health conditions left many questions unanswered for business and
society which are directly or indirectly related to the style of leadership and
who will be the next in managing the family legacy. It led emphasis on the need
of proper succession planning & management in family as well as
professional organisations.
TATA
group is known for its family legacy as prior leaders like Nusserwanji Sir
RATAN TATA, Jamsetji TATA , JRD TATA , Sir Dorabji TATA, and Recent one Shri
RATAN N. TATA has set a glorious history
and remarkable path of leadership not only in Indian context but in Global business
and social landscape . TATA trust is serving our Nation with zeal and
enthusiasm by establishing benchmark in many industries like steel, automobile,
Textile, Construction, Airlines, IT , Consumer durables, FMCG , Digital world
etc.
The
case of TATA Group is again a reference point for many new ventures (Startups) to
work for employees, society and setting global benchmark for quality products
and services.
RATAN
TATA ji always believes in simple life style, down to earth and communicating
with employees working in even lower profile. The leadership style of RATAN
TATA is a glimpse of his family values and learnings from his ancestors.
In
management of Family Businesses, maintaining and preserving the family legacy
is quite important aspects for wealth creating tycoons. The business and other
stakeholders always looked for such insights as it decides the present and
future of the corporation in long run.
The
life history and biography of Shri Ratan Tata ji will always inspire millions
of people specially in business and management domain. Every professional
business manager and their organisations need to adopt the benevolent and
visionary style of leadership. It will sure leave a mark and legacy for
generations to come.
On
concluding this blog, I want to end my discussion by Ratan Sir popular quote,
i.e.
“I don’t believe in taking right
decisions. I take decisions and then make them right."
References:
1) https://www.
Tatacentralarchieves.com/tata-legacy/family -tree.html
