Ratan Naval Tata is a former chairman of Tata Sons. Also, he is a philanthropist and an Indian industrialist.
Under his leadership that went from 1990 to 2012, Ratan Naval Tata held the position of Tata Group’s chairman.
Not only did he take the business to a new height, but also there is a lot to learn from his leadership and personality traits for the new business entrepreneurs.
To learn better, here is what you will need.
- Personality Traits & Qualities Of Ratan Tata
- Important Lessons That Ratan Tata Taught
- Ratan Tata Leadership Traits & Skills
- What Type Of Leadership Style does Ratan Tata Follow?
Personality Traits & Qualities Of Ratan Tata
Ratan Tata was born on 28 December 1937. After he stepped down from the position of Chairman in 2012, he again became the interim Chairman from October 2016 to Febeerataray 2017. After that, he started to head his charitable trust.
He became one of the most influential Indian leaders. Under his guidance, the Tata group went from a $1.5 billion to a $100 billion market cap.
He is the grandson of James Tata, also known as The Father Of Indian Industry.
Apart from this, he holds the qualifications like :
- He did his schooling in Campion School and Cathedral And John Connon School in Mumbai.
- After that, he studied at Cornell University in New York and Harvard Business School in Boston.
- Tata has his education qualification in B.S degree in architecture along with structural engineering.
- He also studied the Advanced Management Programme at Harvard.
Apart from this, in his personal life,
Ratan Tata has different hobbies, such as playing with his pets, listening to old Hindi songs, driving, painting, flying jet planes, etc.
He was awarded Padma Bhusan in 2000.
In 2008, he was awarded Padma Vibhushan.
Well, his personality traits that helped Ratan Tata to become a successful leader, as well as industrialists, are –
Even after his company’s worth is around $103 Billion in revenues, along with interesting spanning steels, airlines, teas, and software.
Ratan Tata is still ready to work and down to earth. If it’s needed, he will roll up his sleeves and start working anytime.
Powerful And Sharp Brain
Ratan Tata has a sharp brain, and people call him the born leader. He is sharp and ready to make decisions in his personal as well as professional life. However, he understands the importance of risks.
Confident On Himself
He has strong willpower and confidence that made him what he is today. Also, even facing several interferences and problems in his life, personal and professional, he did what he wanted.
Quick To Act
The leader does not let anything go ahead without noticing first. He takes active participation in every decade where his attention is needed and is always quick to act so no opportunity can go wasted.
Ratan Tata is compassionate towards the employee, team, and people who work for him. Not just that, he is helpful to society and believes in giving back.
Important Lessons That Ratan Tata Taught
Born in Surat, Ratan Tata was awarded Padam Vibhushan and Padam Bhusan in 2008 and 2000 for his contribution to the trade industry.
He is known for his ability to innovate, lead, and vision. Not just is his contribution to the trade industry something that inspires others, but he has several lessons that others can learn and implement.
Vision Is Important
Every successful leader and business in history had a great vision, and so did Tata.
Ratan Tata always had a strong vision for his company as well as for himself. He also knew where he wanted to go, taking the organization and where he is now.
Not just he had an ambitious vision but the reality of the surrounding.
Use Creative Tendency
Ratan Tata believed in using the creativity tendency. He has always been someone who rather creates instead of being reactive.
Solving problems and being proactive even before things happen is what made him a successful entrepreneur.
According to him, a person should not react when the situation demands but he should be able to anticipate what can happen in the future as well as adjust himself according to that.
Never Give Up On The Values
Ratan Tata believes that the company runs on the principles listed of the personalities.
The principles are inviolable even by the individual who creates them. The Tata group always puts their core value as the top priority, and they never give up.
Public Safety and Welfare are the two important as well as most valued main core values that Ratan Tata and Tata Group follow.
The core values led him as well as the business, to become the most trusted group worldwide.
After stepping down from the leadership positions, Cyrcus Mistry took the position who was not from Tata family. This showed that Ratan Tata didn’t care about lineage for him, competence was important.
Ability To Motivate Others
For the leader, the ability to motivate others is important. Ratan Tata always had the understanding of when and why the team, as well as employees, needed motivation.
It’s important to be the leader first, then the manager, and motivation can help the team to perform efficiently and efficiently which leads to better results.
Avoid Putting All Eggs In One Basket
The approach helped Ratan Tata to invest in different companies as well as sectors; This also kept the investment safe also with reducing the risks.
From acquiring a stake in Chinese giant Xiaomi to leading the eCommerce site Snapdeal. He made various investments to ensure that every investment had most of the protection.
Keep The Positive Attitude
Ratan Tata had his fair share of failures and situations where he had to face difficulties. However, he never let those things affect his leadership or mind.
The positive attitude made him move forward. He believes in being a doer instead of a criticizer.
Get Out Of Safe Mode
Playing inside the safe mode limits the opportunities, and the chances of learning something that can change a life forever are always there.
To be a successful businessman, Ratan Tata knew that risks were important. He believed that whatever risk you take, it always pays off.
Also, when you stay in safe mode, it will keep you comfortable, but you will never be able to get the best out of the system.
Ratan Tata said that he doesn’t believe in making the right decisions; he just makes decisions and works to make them right.
Ratan Tata Leadership Traits & Skills
His leadership style helped him to run the business better. Ratan Tata also made him an unwearying individual. Also, he never keeps his work for tomorrow or undone.
Apart from this, he created a structured organization that transfers a huge amount of responsibility from centers to states.
There are different traits that Ratan Tata has.
He Has The Amazing Management Skills
Ratan Tata had the understanding and skills even before he became the leader and the chairman. He understands the importance of doing the work on time and not keeping it for tomorrow.
Also, he has the knowledge to change the management style that can make the organization to be in a better position.
The management of the Tata Group changed remarkably after he became the leader.
Using his management skills, he made trusts the facet of the group. Also, he approached managerial skills at different levels within a short period.
Turning it to favor the group and taking the decisions which are needed.
Even though Ratan Tata is a man of few words, with his leadership skills, he did bold deals, especially when the global acquisitions of business were going on with Tetley Tea, Jaguar, and Corus.
He is Creative
Ratan Tata is a man who believes in creativity. As a leader, he has to make a number of decisions but also has to think out of the box.
Ratan Tata made the investment in different companies so it could safeguard the investment.
With his creativity, he made sure that the investment he made was safe and also in different projects.
Also, he used his creativity when the Titan Edge watches were developed, which was the thinnest watch in the world, and the Nano, which became the cheapest car.
He Is an Expert in Handling Human Relations
Human relations are important when it comes to bringing success to the business. Ratan Tata has the skills that can handle good relationships with people and also has good manners.
He gives great importance and is also an expert in bringing everyone in his company together. He believes in unity and dependency on others to work together.
He Is A Lifelong Learner
There is no one who knows everything, especially in business. The leader has to always be ready to learn new things that will lead a successful business.
And that’s why Ratan Tata has the understanding as well as gives importance to learning.
The leader doesn’t feel affected when things go wrong; he learns and moves on. Implying his knowledge to things he knows and learning what he can.
He Is A Decision Maker
Ratan Tata is known for his decision-making skills. He does know when to take a risk when it is needed, but also he thinks about the risk as well.
The balance helped him to make the decisions. Also, he makes fast decisions which helps in taking benefit from the opportunity.
He Is A Man with a Promise
Ratan Tata knows the importance of words. Also, he keeps his promises.
One of his pet projects, Nano, was mired when controversies started to occur that the land was getting auctioned for the factory.
Farmers in Singur, West Bengal, did the prophets where the company had to pull out from that state.
However, he kept the promise to run the project, and it was shifted to Gujarat, where he built the Nano, the cheapest car.
He Is A Man Of Values
Ratan Tata believes in principles; he makes sure that the company is keeping the care values to list the top priorities without letting them degrade for anyone and for anything.
Not just to keep the financial transparency but also to donate to various causes and organizations that helped the people who needed his help.
Also, he makes sure that his projects and business are leading towards the future that he wants, but without harming or putting safety at risk.
What Type Of Leadership Style does Ratan Tata Follow?
Well, Ratan Tata’s leadership is similar to the Transformational and democratic style of leader.
- He made the Tata Group the most trustworthy brand globally, along with inspiring other leaders working in his company. Also, he adopted the Consensus style for management.
- The democratic style can be due to his encouragement that helps the better leadership handle the communication as well as participation.
- Also, to be the future eldership, they are well informed about the storage as they are also engaged in the decision-making process.
- However, he also shows an autocratic style in his leadership. Sometimes he makes quick and informed decisions, but he never gets too demanding.
- He is a man of few words where he believes in actions which is evident by his manner of pursuing and pushing for international deals.
- In short, Ratan Tata follows different kinds of leadership styles, such as authoritative, democratic, laissez-faire, etc.
Along with these, he follows the five important factor model, which includes
- Emotional Stability – Ratan Tata is confident and has low anxiety, which gives a sense of confidence, and that’s shown in his leadership.
- Agreeables – The leader is trustworthy and treated with respect; along with that, he is verified only by his management team.
- Openness- Ratan Tata believes in versatility and originality; also, he puts his investment in innovation that can bring a new future.
- Conscientiousness – The leader had dutifulness towards the company; he spent his life working for the TATA group without any self-interest.
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