1. What it takes to replace Ratan Tata? Read what Cyrus Mistry had to say

What it takes to replace Ratan Tata? Read what Cyrus Mistry had to say

Running an organisation as big, old and diverse as the Tata group is not a job every man can do.

By: | Published: October 24, 2016 7:06 PM
‪‪cyrus mistry, ratan tata, taa sons, ronen sen, venu srinivasan, amit chandra, tata news, lord kumar bhattacharyya, tata chairman, tata group, rata tata returs, ratan tata wife, Cyrus Pallonji Mistry‬, ‪Ratan Tata‬, ‪Tata Group‬‬ Ratan tata returns as interim chief of Tata group. The appointment of Cyrus Mistry as the head of the group, which runs a number of companies across the world, was seen as a generational change in the group.

Running an organisation as big, old and diverse as the Tata group is not a job every man can do. The outgoing Tata group chariman Cyrus Mistry must have learnt this after he was reportedly removed by the Tata Sons Board as the chairman of the group.

The appointment of Mistry as the head of the group, which runs a number of companies across the world, was seen as a generational change in the group. As finding someone to fit into the shoes of Ratan Tata was not an easy task. Under Mistry, the company has been doing well, except for those businesses that have hitherto not performed well. Replacing the chairman of such a large group in 3-4 years is not being seen as a wise move by experts. There are also several speculations doing the rounds.

As Tata group will start the search to find a new chairman in the next four months, here is what Cyrus Mistry thinks as “critical attributes” of a Tata leader. He had shared this in an interview with the group’s website tata.com on September 16. Ironically, Mistry is no longer the chairman of the group just about a month after sharing his views:

“Leaders define the culture of the organisation by their actions. They inspire with a clarity of purpose and vision, enable people to perform to their true potential, engage on a foundation of trust and mutual respect, and possess the capability to ignite a deep sense of commitment in their people.

“A Tata leader, according to me, is someone who is proud of being part of the Tata group yet humble in terms of the knowledge one still has to gain and the milestones one still has to achieve. A Tata leader is knowledgeable about his or her domain and, at the same time, endlessly curious because in today’s world there is no end to learning. A Tata leader is one who has depth and breadth of knowledge, is customer centric, empathetic to people, has an open mindset, an appreciation of technology in totality (the modern day equivalent of a scientific temper), and most importantly, a very strong value system and that is not subject to compromise.

“The subject of building tomorrow’s leaders is one of paramount importance, and that is why we selected ‘Leaders 2025’ as the theme for this year’s AGLC. Based on in-depth interviews with a number of group leaders and extensive research over the last year, the Tata Group HR has developed a new Tata leadership competency framework, Tata Leaders. This is a set of eight competencies that highlight the critical leadership behaviours that will contribute to our success in the future.

“The foundation of the framework is the group’s core values and ethos. These competencies will be the bedrock of a comprehensive leadership development architecture for the group. I believe that this architecture will attract, identify and develop leaders who can help the group realise the bold objectives laid out in Vision 2025, and beyond.”

ALSO READ: Ratan Tata appointed as interim Tata Group chairman; Cyrus Mistry resigns

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