Abstract
Ratan Tata is an Indian industrialist and philanthropist. He is a visionary leader and managing change is second nature to him. His leadership exudes confidence in others and has inspired many to become leaders in his own company, and through his service-oriented nature, influenced several others outside of his organizational space. Tata's leadership commands respect throughout the world, which is highlighted by the numerous prestigious awards bestowed upon him. This chapter aims to present and explain his leadership practices through case scenarios. These lessons on leadership are transferable and may guide future leaders of tomorrow to lead our world with wisdom, dignity, humility, and authenticity.
TopOverview Of Contemporary India
India is a country in South Asia. It covers the seventh-largest area by land. Being a peninsula, the Indian Ocean, the Arabian Sea, and the Bay of Bengal surround it. Andaman and Nicobar Islands of India share a maritime border with Thailand, Myanmar and Indonesia. Additionally, India shares land borders with Pakistan, China, Nepal, Bhutan, Bangladesh and Myanmar.
This sophisticated land, self-contained its political and cultural arena since the Indus valley civilization. Its present day capital is New Delhi, and the government is a constitutional republic representing a diverse population. One-sixth of the world’s total population resides in India and it is the second most populous country in the world after China. While India suffers from various external (security threats) and internal challenges (poverty, unemployment, population explosion, pending justice, poor policing and economic inequality) it continues to shine its light to the rest of the world (Calkins, 2021).
Modern India is a vibrant society with an increasing influence in the world. It is the beacon of hope for democracies around the world. The nation continues to prosper through a diversified industrial base, scientific knowledge, cultural dynamism and agricultural expansion. The information on present-day India gives a glimpse on its journey to development. Tata group of companies has been a partner of modern India before independence from the British in 1947. After the 1991 Indian economic reform of liberalization, privatization and globalization, through its services and products Tata group has been able to put India on the global map.
Key Terms in this Chapter
Growth Mindset: It means that with effort, it is possible to increase intelligence levels, talents, and abilities.
INR: The official Indian currency is the Indian rupee and referred to as the INR.
VUCA World: It describes the situation of constant and unpredictable change.
Organizational Culture Iceberg: The organizational culture iceberg model that you know of consists of the surface culture and the larger deep culture.
USD: The US Dollar is the currency of United States.
Eco-Disaster: Is a catastrophic event in the natural environment due to human activity.
Acquisition: A company buys most shares to gain control of the other company.
GBP: The British pound sterling referred to as the GBP.
Recession: Refers to a significant decline in economic activity in a designated region.