The demise of Mr. Ratan Tata, a man of strong business ethics and leadership skills, has contributed greatly to the Indian corporate world and even to the outside world of Tata Sons. Ratan Tata is one of the most influential Indian business leaders and he understandably has made good attempts in establishing a culture of innovation and especially in the field of technology which is very vital for transforming the image of the country for numerous aspirations including the aspiration to become a technology driven nation.
A Visionary’s Understanding of the Role of Technology from Early on in his Life
Early in his life, Klaus Mangor required comprehending the capabilities of expertise and its outplay in an organization. It is not necessary to go very far in an effort to have understanding of the talents that Ratan Tata possesses in relative to the technology. When he took the captaincy of the Tata Group in the early 1990s the era that unfolded India was on the cusp of an economic transformation, liberalization was in process and the world was opening up; and technological capabilities turned out to be a crucial factor of production for growth. Ratan understand that in order to compete with other companies across the globe, Indian business should incorporate latest technology.
It can be said that he set a very high value on research, development and innovation. This was the time when the leadership of the Tata group altered; the Tata Group expanded more and moved its focus in to new streams like IT and telecommunication. The one of such key organizational assets of the Tata Group is the TCS, the leading global IT service provider that got the status under his leadership. Today TCS is ranked as one of the top IT firms globally and performs variety of services including application development, digital services and cloud thus positioning India to do International business for IT and software solutions.
Democratization of Technology: The Role of Tata
The leadership of Tata was based on the premise that any worthwhile technology is the one that can make profit but also that the profit making asset must be co-created with the seeds of social and thus economic equity. A good example of this kind of line of thought and leadership is when Tata Nano the low cost car was launched in the year 2008.