The man, the myth, the legend is no more — India truly lost it’s biggest ‘Ratan’ today!
SIR RATAN TATA- An individual aura we studied our schooling, analyzed through case studies in our MBA, and whose human-centric approach we now strive to implement in corporate setting!!
India bids farewell to a visionary leader and compassionate soul, Ratan Tata. His words, “𝘜𝘱𝘴 𝘢𝘯𝘥 𝘥𝘰𝘸𝘯𝘴 𝘪𝘯 𝘭𝘪𝘧𝘦 𝘢𝘳𝘦 𝘷𝘦𝘳𝘺 𝘪𝘮𝘱𝘰𝘳𝘵𝘢𝘯𝘵 𝘵𝘰 𝘬𝘦𝘦𝘱 𝘶𝘴 𝘨𝘰𝘪𝘯𝘨 𝘣𝘦𝘤𝘢𝘶𝘴𝘦 𝘢 𝘴𝘵𝘳𝘢𝘪𝘨𝘩𝘵 𝘭𝘪𝘯𝘦 𝘦𝘷𝘦𝘯 𝘪𝘯 𝘢𝘯 𝘌𝘊𝘎 𝘮𝘦𝘢𝘯𝘴 𝘸𝘦 𝘢𝘳𝘦 𝘯𝘰𝘵 𝘢𝘭𝘪𝘷𝘦,” resonate with the spirit of perseverance and resilience he lived by.
When someone of such stature leaves, it’s as though a piece of the nation’s soul goes with them. This kind of grief doesn’t need grand speeches or elaborate tributes; it sits quietly with us, in our thoughts, our prayers, and our reflections on what they stood for.
Perhaps, the greatest tribute we can offer is by continuing his legacy and trying to live with the same compassion and kindness. It’s in the little things we do, the choices we make, and how we treat others that we can truly honour him.
Because when someone leaves behind such a powerful legacy, the best way to grieve is by keeping those values alive.
Rest in peace, SIR!
Sharing a story of the TATA WAY — Ratan Tata leaves a legacy behind him that will be hard to emulate.
In the 1990s, Tata Steel faced a serious financial and existential problem.
Their options were painful but clear — either they close down completely, or take the radical and unprecedented decision of reducing the workforce by half, from 80000 to 40000.
It was a tough decision. Jobs were always guaranteed at Tata Steel, sometimes even for the next generation of employees.
But it had to be done!
Tata Steel then came up with an employee separation scheme which became a benchmark of humane approach to layoffs.
As part of the scheme, all employees who are going to be separated would get the following benefits:
1) Full salary till their notional date of retirement
2) Medical insurance for themselves and for their families for the entire lifetime
3) Continue to live the company-provided quarters for 3 years till they found alternate accommodation.
Many industry veterans strongly discouraged this scheme. “Are you guys crazy?” they asked.
However, being who they are, the TATAs went ahead with the scheme.
That was another example of business ethics from the Tata Group.
Later, Fortune listed this as one of top 10 best industrial decisions ever in the world.
