If you are getting depressed with the dismal 4.5% growth of the Indian economy in 2013, there is hope in the horizon. Mr Ratan N. Tata, Chairman Emeritus, TATA Group of companies, while interacting with students of TA Pai, Manipal (TAPMI) on diverse topics, said that he was optimistic about the future business scenario in the country and emphasized the need for strong leadership, both in business and in political spectrum.
When asked about the brain drain from India, Mr. Tata reflected that if adequate facilities and opportunities are made available in our country, we can go a long way in tackling the issue.
When quizzed on the decision to withdraw from the banking sector, Mr Tata explained to the students that the conditions put forth by the regulators to operate in the banking sector created a conflict with the existing way of functioning of the TATA Group.
Mr Tata proudly explained the strong cultural values that Tata group is known for, stressing the importance of serving the society with responsibility. Thus, he was sceptical about the law that mandates companies to undertake CSR activities and believes that CSR should come naturally to all corporates rather than by a mandate from the State.
Mr Tata also shared the influence Mr J R D Tata had on him, which moulded him to the leader he is today. The three major aspects JRD Tata taught him were to be low key, to be driven by values and not be motivated by personal greed.
When a TAPMI student debated on the lack of adequate encouragement for women entrepreneurs in India as compared to the Western countries, he disagreed saying that women’s position in India is equally good as elsewhere and specifically cited the example of the country having had a woman Prime Minister.
He also stated that bureaucracy in India is not something that one should to be discouraged by but one should learn to tackle effectively.
His specific advice to the budding managers was to aspire to make a difference in the world rather than strive just for personal advancement and glorification. This, in his opinion, is the key to becoming a successful manager.
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WAT Topic for MBA: 2014 General elections will be a watershed for Indian democracy
WAT Topic for MBA: Corruption is the root cause of current economic and social woes in India
WAT Topic for MBA: India`s 1.2 billion population is an asset for the country
WAT Topic for MBA: India has more skilled Human Resource
WAT Topic for MBA: Indo-US relations; how much beneficial for India
WAT Topic for MBA: FDI in multi brand retail is a boon or bane
WAT Topic for MBA: Is ASEAN a defunct Group
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GD Topic for MBA: What India gained at the WTO DOHA Round
GD topic for MBA: Political activism is the only way to root out corruption
GD Topic for MBA: New Lokpal will be effective in curbing corruption
GD Topics: Gender bias in portraying Women in Advertisements
GD Topic for MBA: RBI's new governor has taken adequate steps to improve Indian Economy
GD Topic for MBA: Corruption is the root cause for Indian Economy slowdown
GD Topic for MBA: The rise in vegetable prices is a man made farce
GD Topic for MBA: Opinion Polls be banned in pre election period
GD Topic for MBA: Should business lobbying be made legal in India?
GD Topics: Will India remain way behind China?
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