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8 LEADERSHIP LESSONS OF RATAN TATA.

8 LEADERSHIP LESSONS OF SIR RATAN TATA YOU WISH YOU KNEW BEFORE.

Welcome back friends, I would love to tell you about these 8 lessons of Sir Ratan Tata that you wish you knew before.

8 LEADERSHIP LESSONS OF SIR RATAN TATA YOU WISH YOU KNEW BEFORE.
8 LEADERSHIP LESSONS OF SIR RATAN TATA YOU WISH YOU KNEW BEFORE.

Also, Mr. Ratan Tata is one of my inspirational and motivational idols and I feel so pleased to write about his leadership lessons.

Don’t forget to comment and give your reviews about these lessons 😉

Before moving forward, Allow me to tell you a little information about him, although I am aware that you know about him already 😉

8 LEADERSHIP LESSONS OF SIR RATAN TATA YOU WISH YOU KNEW BEFORE
8 LEADERSHIP LESSONS OF SIR RATAN TATA YOU WISH YOU KNEW BEFORE
“I dont believe in taking right decision, I take decision and make it right”  – Ratan Tata.

 

Such a strong personality was born on 28th December 1937 in Surat, Ratan Naval Tata has been awarded Padam Vibhushan and Padam Bhushan in the year 2008 & 2000 respectively for his contribution towards trade and industry.

The chairman of Emeritus of Tata Sons, Ratan Tata is known for his vision and ability to lead and innovate.

So now, let us dive into the topic? 

8 LEADERSHIP LESSONS OF SIR RATAN TATA :

1)TRUST, VALUES, AND COMMITMENT:

You might have heard about the breaking news around 2016 that Ratan Tata removed Cyrus Mistry from the chairman position.This was a shock in the whole corporate world because Ratan Tata himself found Cyrus Mistry for the chairman position with the belief that Cyrus Mistry is capable for taking his position then why did Ratan Tata remove Cyrus Mistry?

There were several reasons for this, but the main reason according to experts that Cyrus Mistry was focusing more on profits than the values and commitment of the Tata group.

Example:When Japanese company NTT Docomo came to India in 2009, they bought 26% stakes from Tata group in 13 thousand crores, when this deal happened, at that time Tata promised Docomo that they can leave whenever they want and they will be refunded as per the current market value of that time, if not that then at least half of the investment will be refunded.

Now, due to some problems, Tata teleservices weren’t working properly. Hence Docomo decided to leave, during this scenario Cyrus Mistry was the chairman, Docomo asked Tata to search a good buyer but when Tata couldn’t find the good buyer, Docomo asked Tata to buy their shares as per they promised before. Expert says that at that time Cyrus Mistry used RBI guidelines against Docomo and refused to give the money back and started legal cases against Docomo because according to Cyrus Mistry giving the money back to Docomo was not a good idea for the business. 

The Docomo company felt really disappointed because they had their business with Tata company due to its values and commitment and even Ratan Tata himself found that decision of Cyrus Mistry unacceptable and hence Ratan Tata decided to remove Cyrus Mistry from the chairman position of the Tata group.

KEY POINT: Trust, values, and commitment is a major part of the Tata group and you should also focus on values and commitment instead of focusing only on profits.

2) NEVER STOP LEARNING:

Very few people know that Ratan Tata was once offered a job from IBM, but Ratan Tata refused to take the job and worked in Tata steels as a normal worker just like other employees.

In an interview, he also said that at the starting of his career he spent 8 years of his life in training programs on two or three companies’ shop floor. He said that during that time he thought he was just wasting his time. Later he told that he realized that those 8 years of training and learning was his life best investment and was his best decision, Ratan Tata says “Listening and learning are the keys to success”

Yes, indeed its true, right?
In fact, in a graduation speech, Ratan Tata said,

” Just because you got a degree doesn’t mean you should stop learning if you want to be successful in life you should never stop learning”

KEY POINT: No matter how much knowledge you have, you should never stop learning and never think that something is impossible for you because the word itself is I’m possible 🙂

 

Also here is a FREE ebook to advance your Soft Skills and become a great leader like Sir Ratan Tata. FREE only for a limited number of downloads. Download for free

 

3)USE YOUR EMOTION FOR SUCCESS:

I am definitely sure that you have heard this story before but this is so amazing and inspiring story no one could resist sharing it again.

When Ratan Tata created the first car Tata Indica, it doesn’t work well in the market. He had many losses due to which the other company members and experts told Ratan Tata to sell the car company, unwillingly he accepted and went to America to sell his company to Ford.

During the meeting, Bill Ford the owner of the ford company very arrogantly insulted Ratan Tata by saying that “WHEN YOU DONT KNOW HOW TO MAKE CARS, WHY YOU EVEN TRIED AND WE ARE DONG A GREAT FAVOUR ON YOU BY BUYING THIS COMPANY”

This insult felt by Ratan Tata and at the same moment. He refused the deal and came back to India and started working on Indica car and TATA MOTORS day and night, and finally, he took the TATA MOTORS to a huge success. 

Also, there was a time that the Ford company was facing losses. They decided to sell their two brands Jaguar and Land Rover and Ratan Tata decided to buy those brands and as a result, Bill ford sold both of his cars by saying to Ratan Tata “YOU ARE DOING A GREAT FAVOUR ON US BY BUYING THESE TWO BRANDS”

Friends, this is the way to covert your anger into motivation and use this motivation to acquire success, and as it is truly said “Success is the best revenge”

8 LEADERSHIP LESSONS OF SIR RATAN TATA YOU WISH YOU KNEW BEFORE.
8 LEADERSHIP LESSONS OF SIR RATAN TATA YOU WISH YOU KNEW BEFORE.


KEY POINT: Never take any decision when you are angry and when you are sad,” An angry mind is a narrow mind” instead you should use your anger into motivation and acquire a huge success.

4) VALUE YOUR TEAM:

You would be surprised to know that Tata was the first company that brought 8 hours working rule in 1912 which was also followed by Ford company.

In 1917, due to Tata’s advanced thinking, they started giving medical health benefits to their employees which again inspired many companies worldwide to follow it. 

You might have heard this phrase that ” If you want to earn money, invest in Reliance but if you want to work, join Tata “

So friends, don’t forget, teamwork is the main factor to be successful. Hence you should value your team not only in time of success but also in times of failures. It is very important leadership lesson:)

KEY POINT: Without Teamwork and support no company has ever succeeded in doing anything. Also, there is a quote from Sir Ratan Tata

“If you want to walk fast, walk alone but if you want to walk far, walk together”

 

5) BELIEVE IN YOUR DECISION:

Many people doubted Ratan Tata’s decision, even when he refused to sell the company to Ford.

When Ratan Tata bought Tetley Tea in 450 million dollars, however, he believed in that decision and ignored the doubts of other people and he made the Tata Tea world’s second-largest tea company in the world.

It doesn’t mean that Ratan Tata never took the wrong decision. The important thing is to believe in that decision and give your everything to make that decision right and to make it work. Do not afraid of the wrong decisions in your life instead you should learn from that wrong decision and try not to repeat those mistakes.

KEY POINT: “Take the stones people throw at you. And use them to build a monument” – Ratan Tata.
Indeed, you must believe in your dreams, in your decision, no matter what other people speak about you. “kuch toh log kahenge, logo ka kaam hai kehna” I am sure you have heard this phrase. Successful people believe in their dream and not on others.

6) TAKE RISKS:

Ratan Tata strongly believes that you should take chances in your life like Apple, Facebook, Google, etc. These top companies were once started in a small garage.

If these companies would not take chances and would not work on their idea they will never make it to the top as they are now.

Hence, if you want to grow in your life, you must take chances, you must take risks in your life.

 

8 LEADERSHIP LESSONS OF SIR RATAN TATA YOU WISH YOU KNEW BEFORE.
8 LEADERSHIP LESSONS OF SIR RATAN TATA YOU WISH YOU KNEW BEFORE.

KEY POINT: “I don’t believe in taking right decisions, I take decisions and make them right” – Ratan Tata. You should not afraid of taking risks instead you should take a calculated risk and move forward to your goal.

The biggest risk is not taking any risk… In a world that is changing really quickly, the only strategy that is guaranteed to fail is not taking risks
Read more at https://www.brainyquote.com/authors/mark-zuckerberg-quotes
The biggest risk is not taking any risk… In a world that is changing really quickly, the only strategy that is guaranteed to fail is not taking risks
Read more at https://www.brainyquote.com/authors/mark-zuckerberg-quotes
The biggest risk is not taking any risk… In a world that is changing really quickly, the only strategy that is guaranteed to fail is not taking risks
Read more at https://www.brainyquote.com/authors/mark-zuckerberg-quotes
The biggest risk is not taking any risk… In a world that is changing really quickly, the only strategy that is guaranteed to fail is not taking risks
Read more at https://www.brainyquote.com/authors/mark-zuckerberg-quotes

7) GIVE TO RECEIVE:

Many people included me before, thinks that Tata earns so much more than Reliance in numbers then why don’t we hear the name of Ratan Tata in the list of the richest businessman, people in the world where Mukesh Ambani name always comes in the list of richest man right?

Well, the reason is the Tata group gives 65% of their income to charity.
Also, Tata came up with the Nano cars because he wanted that even with less money every person of India should enjoy the experience of having a car. Even after getting losses, Ratan Tata has not stopped the manufacturing of the Nano Car.

When Ratan Tata was asked about this, Ratan Tata replied that “Mukesh Ambani is a businessman and I am an industrialist”
(comment below what you understand by this statement).

Every Diwali, Tata donates almost 1000 crores or more to cancer patients, and also everyone has witnessed the donation of 1,500 crores in support of the fight against COVID-19. He also has said that he will even donate his entire property if our country is in that situation of need.

(You must know how you can make your life valuable to you and to other through IRRFAN KHAN life lessons)

 

8 LEADERSHIP LESSONS OF SIR RATAN TATA YOU WISH YOU KNEW BEFORE.
8 LEADERSHIP LESSONS OF SIR RATAN TATA YOU WISH YOU KNEW BEFORE.

KEY POINT: You should share your success with everyone, if you cannot help a single person in your life, your life is useless, so do help others without any expectation, it’s a true saying that

“Help others without any reason and give without the expectation of receiving anything in return.”
― Roy T. Bennett,
The Light in the Heart 

8) DON’T PUT ALL YOUR EGGS ON ONE BASKET:

Mr. Ratan Tata leadership believed in investing in different companies so his investment is always safe. He acquired a stake in the growing Chinese giant Xiaomi and the e-commerce site snapdeal. Investing in different companies ensures that your investment is safe and grows no what the situation of a particular industry is.

KEY POINT: When you divide your risks into micro parts there is a great chance of not losing all your possession at once. If one of the risk results in losses, you are still in great condition because of other safe possessions. You must learn how to divide your risk intelligently and take steps accordingly.

So, friends, this was my another attempt to provide you another valuable content and I hope you will put these 8 LEADERSHIP LESSONS OF SIR RATAN TATA in your life and acquire success.

8 LEADERSHIP LESSONS OF SIR RATAN TATA YOU WISH YOU KNEW BEFORE.
Thank You 🙂

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(Motivational.V)

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