Download - Ratan tata

“TATA WITHOUT RATAN”

Success Story

• 1962: Graduated from Cornell University with a Bachelor of Science

degree in Architecture and Structural Engineering. Worked with Jones and Emmons in

Los Angeles Joined Tata Steel at Jamshedpur in

late 1962

Success Story – (cntd)

1971: Appointed the Director-in-Charge of The National

Radio & Electronics Company Limited (Nelco)

1977: Was entrusted with Empress Mills, textile mill

controlled by the Tata’s

1981: Appointed as The Chairman of Tata Industries

1991: Took over as group chairman from J.R.D. Tata.


• 1998: Tata Motors came up with Tata Indica, the first truly

Indian car.

2000: Tata Tea acquired the Tetley group of the UK for

pounds 271 million ($435 million) - the biggest

acquisition in the history of Indian Companies.


2003: Stepped down from executive position. Bought the truck unit of South Korea's Daewoo Motors A stake in one of Indonesia's biggest coal mines, and steel mills in Singapore, Thailand, and Vietnam


2004: Takeover of Tony hotels including New York's Pierre,

the Ritz-Carlton in Boston, and San Francisco's Camden

Place.

Purchase of Tyco International's undersea

telecom cables.

2007: Tata Sons successfully acquired Corus Group

for an estimated £6.7 billion.

“A defining moment for Tata Steel” – Tata said

LEADERSHIP

Leadership has been defined as:-

“The process of social influence in which one person can enlist the aid and support of others in the accomplishment of a common task.”

LEADERSHIP STYLES

• Strategic leadership

• Authoritative leadership

• Delegative leadership

• Participative leadership

Leadership(The Tata without Ratan)

Strategic leadership provides the vision and direction for growth and success of an organization. It also helps to successfully deal with change. The facts that portray that Ratan Tata is definitely a strategic leader are:

• The Tata group’s revenue is 40 times the 1991 level.

• The net profit has gone up 4 times.

• 22 companies were acquired worldwide.

• Conceptualized Nano.

• He overcame the biggest challenge- of not only living up to the stature of JRD Tata but also of outdoing him.

Ratan Tata displays authoritative leadership only in the sense that he dictates policies and procedures and sets out the goals that are to be achieved. He never crosses the thin line of becoming autocratic.

Delegative leadership is again portrayed in the sense that subordinates are encouraged to express their ideas and it is listened to properly but the last decision is taken by Ratan Tata himself. Also he’s not a leader who is hands off.

Participative leadership is a style of leadership that involves all members of a team in identifying essential goals and developing procedures or strategies to reach those goals.Ratan Tata displays participative leadership as he encourages others to put forward their opinions. As JJ Irani said in an interview Tata convincingly presents his views but at the same time listens attentively to other points of views and arrives at a concensus in a firm way.

IMPACT OF RATAN TATA”S LEADERSHIP ON ORGANIZATIONAL PERFORMANCE

At 3.45 lakh crore, Tata Group revenue has increased to 40 times the 1991 level.

Net profit has gone up to four times.

It has become the largest Indian multinational conglomerate.

More than 65% of the group’s income comes from overseas and it has 98 operating companies spread across 56 countries in 6 continents.

Acquired 22 companies worldwide including Tetley Tea and Corus Steel in the UK, New York’s Pierre Hotel and Jaguar Land Rover.

Includes India’s largest private steel company .(Tata steels)

The biggest auto manufacture company (Tata Motors)

Largest IT outsourcing firm (TCS)

Entered in Telecom Industry (Tata Indicom)

Entered in Entertainment industry. (Tata Sky)

The man and his dream

machine

Nano—which means small in Parsi- Gujarati—turns out to be a font of innovation, generating as many as 40 new patents for Tata Motors

Awards and Recognition • He was honoured with the Padma Bhushan –

26 January 2000

• He was awarded the Padma Vibhushan - 26 January 2008

• Recipients of the NASSCOM Global Leadership Awards-2008

• Accepted the Carnegie Medal of Philanthropy in 2007 on behalf of the Tata family

• Honoured by Cornell University as the 26th Robert S. Hatfield Fellow in Economic Education – March 2006

• Serves on the programme board of the Bill & Melinda Gates Foundation's India AIDS initiative

Awards and Recognition – (cntd)

• May 2008, he made it to the Time magazine's 2008 list of the World's

100 most Influential people.• The Asian Institute of Technology, Bangkok conferred

the Honorary• Degree of Doctor of Technology (Honoris Causa) in

2004

• His foreign affiliations include membership of the international

• advisory boards of * The Mitsubishi Corporation * The American International Group * JP Morgan Chase * Booz Allen Hamilton.

Thank You !!!Presented By:

SuchirAnuragAlestarRitika

EMPI – 2013-15