When an Organization accepts its Failures or Mis-management!
Every working professional is aware of Tata Group’s global debt of Rs 1.39 lakh crore (approximately more than $15.38 US billion dollars) but it is still one of the most sought brands by foreign institutional investors till date. One would ponder on why is a brand piled with debt still getting so much attention from bankers and investors worldwide.
The fact is simple, here is a man on the picture below, Mr. Ratan Tata!
He is one of India’s most matured Business leaders, who sacrificed the luxury of a successful career in the US but came back to India because of his attachment towards his grandmother. It is only after her request, that he decided to remain back in India and join the family business, presently known as the “Tata Group”. He looks at business as means of empowering people. It is his people-driven values that made him to lead the group in investing in other ventures such as hospitality, technology, power sector and other avenues. Though debts are piling up in his ventures but his ability to accept failures before the media when it comes to some of his business decisions, continue to won the hearts of small investors too.