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Ratan Tata's words of inspiration
August 26, 2008
On resistance: We do have resistance to some of the changes, it is easier not to do, but we have to change in order to be in keeping with the changing times. Our inability to do that effectively will be one major threat.
On globalisation: Global companies are differentiated by their strong global position, global assets, capabilities, brands and their relative resilience to shocks and even to the business cycle.
On globalisation: A company does not become global by simply participating in a certain number of geographic markets. In that sense, it is not a sum of parts. It is its ability to become globally competitive, leverage global opportunities and have the required global capabilities that make it global.
On globalisation: The objective of globalisation is to move towards becoming globally competitive and to expand your market. The globalisation strategy itself could be asset-based, capability-based or opportunity-based. It also includes global employment. It implies an organisation which employs people with no national barriers.
On CEOs: The CEO has to be compassionate, fair, self-critical and humble, and yet have the tremendous drive it takes to make his company the best there is.
On CEOs: It gets a bit dangerous when the CEO has no system and his personality drives the organisation, which he runs like his personal fiefdom. In these circumstances its actually the CEO who is the role model and not the company.
On the ideal CEO: An ideal CEO is not found everywhere. One way to do this is to benchmark him against his targets and against the best performers in his industry, and hope that this does not demoralise him, but, rather, that it makes him strive to do better.
On CEOs: There are many competent professionals in the country who have not been given the chance to operate at CEO levels. If you look around, you see companies run professionally by people who 15 years ago were virtually unknown. Therefore, though there are a lot of managers around, the question is whether you are willing to take a chance with someone you don't know well.
Image: An exhibitor at the Tata exhibition stall explains to the Ratan Tata (left) the workings of unmanned aerial vehicles to be built in partnership with Israel-based Urban Aeronautics at the international defence exhibition in New Delhi in February 2008. | Photograph: Manpreet Romana/AFP/Getty Images
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