On his birth anniversary, to honour J.R.D. Tata is to always remember that true leadership is about legacy, not just profit.
J.R.D. Tata was not only a pioneering industrialist, but a leader whose principles continue to inspire entrepreneurs in India and beyond. J.R.D. (Jehangir Ratanji Dadabhoy) Tata’s five-decade leadership of the Tata Group certainly set the benchmarks in ethical business, and on his birth anniversary, let’s honour the man and his leadership lessons that are unmatched.
He was known to choose sustainable growth over quick gains. He diversified Tata Group into steel, automobiles, airlines, hospitality, and technology, and highlighted the importance of sound risk management. For today’s leaders, it’s important to note that it is not about betting everything on short-term wins or single markets but always keeping an eye on the future.
J.R.D. Tata’s commitment to ethical practices remains the core of his business. He was known for refusing to engage in corrupt dealings, and he built the Tata name into a byword for trust. Modern entrepreneurs should take notes from this values-driven leadership.
Despite his influence, J.R.D. Tata was known for spending time on the shop floor, and listening to employees at all levels. He introduced profit-sharing, provident fund, and pension schemes for his employees much before they were mandated.
He always set the bar high, and insisted, “one must forever strive for excellence, or even perfection, in any task however small, and never be satisfied with the second best”. For startups and enterprises, this perfectionism can be used to build brands that endure.
Be it launching Air India to Tata Consultancy Services, J.R.D. was never afraid to venture into new industries. He also made sure that the business must serve not only shareholders but society at large, thereby considering the broader impact on communities and the planet.
He believed in gathering opinions from his colleagues, and he trusted his people. He was someone who valued clear, open dialogue – and it is a massive management lesson for current and future entrepreneurs.
He saw failure as a teacher, and constantly sought new knowledge and learning. This adaptability can be crucial for success in the fast-changing business landscape of the current time.
J.R.D. Tata’s leadership lessons remain as relevant and actionable today as ever.
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