High Performance Leadership- Ratan Tata

  • View

  • Download

Embed Size (px)

Text of High Performance Leadership- Ratan Tata

GROUP MEMBERS Aniruddha Nazare Lalit Singh

Ratan Naval Tata (Born on Dec. 28, 1937 in Mumbai) is the present chairman of the TATA group, India's largest conglomerate founded by Jamshed ji Tata and consolidated and expanded by later generations of his family.

Ratan Tata born to Naval Tata and Soonoo Tata in the Tata family, a prominent family belonging to the Parsi community. Ratan is the great-grandson of Tata group founder Jamsedji Tata. After his parents separated in 1944, he was brought up by his grandmother Lady Navajbai and did his schooling in Mumbai from Campion School. Later, he enrolled in Cornell University, where he earned a B.S in architecture with structural engineering in 1962, and has also completed the Advanced Management Program at Harvard Business School.

In 1971, Ratan Tata was appointed the director incharge of the nation radio and electronics company Ltd. (Nelco), a company that was in dire financial difficulty. Ratan Tata suggested that company should invest in developing high technology products, rather than in consumer electronics. J.R.D. was reluctant due to the historical financial performance of Nelco which had never even paid regular dividends. Further Nelco had 2% market share in consumer electronics market and a loss margin of 40% of sales when Ratan Tata took over. Nonetheless J.R.D. followed Ratans suggestions.

In 1981 Ratan Tata was named director of Tata industries, the groups other holding company, where he became responsible for transforming it into the groups strategy think-tank and a promoter of new ventures in high technology businesses. In 1991 he took over as group chairman from J.R.D. Tata, pushing out the old guard and ushering in younger managers. Since then, he has been instrumental in reshaping the fortunes of the Tata groups, which today has the largest market capitalization of any business house on the indian stock market.

Under Ratan Tatas guidance, Tata Consultancy services (TCS) went public and Tata motors was listed on the new York stock exchange. Tata motors introduced his brain child, the Tata Indica.

On January 31, 2007, under chairmanship of Ratan Tata, Tata sons successfully acquired Corus groups, an anglo-dutch steel and aluminum producer. With the acquisition, Ratan Tata became a celebrated personality in indian business culture. The merger created the fifth largest steel producing intity in the world.

On march 26, 2008, Tata motors under Ratan Tata, bought Jaguar and land Rover from Ford motor company for $2.3 billion.

The Government of India conferred him with the Padma Vibhushan in 2008 and the Padma Bhushan in 2000The Ohio State University honored Ratan Tata with the doctorate degree in business administration and an honorary fellowship by the London School of Economics Listed among the 25 most powerful people in business by Fortune magazine in 2007 Listed in the Time magazines 2008 list of the Worlds most influential people

1. Nothing worthwhile is ever achieved without deep thought and hard work 2. Good human relations not only bring great personal rewards but are essential to the success of any enterprise 3. No success is worthwhile unless it serves the needs or interests of the country and its people and is achieved by fair and honest means

Initially Nelco and Empress mills were failure. The two 'failures' haunted Ratan for decades. His track record was suspect but he never looked back.

While he guides the Tata Group to pick up the luxurious Pierre Hotel in New York, he's also driving the launch of the budget Ginger hotels in India Owns Iconic Jaguar and cheapest Nano as well

He is a deep thinker and extremely strategic. He is always one steps ahead. Strategically acquire Daewoo motors and VSNL. Tata becomes largest Indian Conglomerate

His Vision is to make Tata a Global companyVision to acquire Tetley Tea Vision to acquire Jaguar Land Rover Vision to acquire Corus.

Tata Corus: The Corus deal would lead the group to bankruptcy critics declared. Today, its one of the most successful acquisition

Tata-jaguar Deal: Tata was driving straight to disaster with the Jaguar-Land Rover deal: the brands were troubled, demand was low. Tata went on to prove everyone wrong. The group's international acquisitions are doing well, some have started making serious money.

Is this product three wheeler with stepney? -Osamu SuzukiRs 1 lakh car not Possible -Hyundai

TATA NANOToday Tata Nano is Reality

He maintain Tatas Tradition of work with Ethics Today Ratan Tata is Known for his work ethics and honesty in every word said.

Democratic leadership, also known as participative leadership, is a type of leadership style in which members of the group take a more participative role in the decision-making process. Researchers have found that this learning style is usually one of the most effective and lead to higher productivity, better contributions from group members, and increased group morale.

Characteristics of Democratic Leadership: Some of the primary characteristics of democratic leadership include: Group members are encouraged to share ideas and opinions, even though the leader retains the final say over decisions.

Members of the group feel more engaged in the process. Creativity is encouraged and rewarded.

Visionary Strategist Initiator Participative decisions Risk Taker Expertise A man of integrity