Hello everyone, Today I will share Ratan Tata’s Top 7 Rules for success with the help of which he managed to bring many Successes to Tata Groups. Example in his 21 years of Leadership, Ratan Tata had raised 50 percent of Profit and raised 40 percent of Revenue, and also did out of India Expansion.
And many things which I have shared before is being done under Ratan Tata’s Leadership. Hence today we will learn and understand his Life lessons and Business lessons.
So let’s begin.
Ratan Tata’s Top 7 Rules for Success
1. TVC (TRUST VALUES COMMITMENT)
If you remember, then you must have heard the news of Tata Groups in 2016, that how Tata Group suddenly removed Cyrus Mistry from his Chairman Position.Now this was shocking, because Ratan Tata By himself searched Cyrus Mistry after a year research and efforts for a chairman Position, he believed that Cyrus will be the right person and he is capable of taking his position in fact all had a great hope from Cyrus. Hence when he was suddenly removed, then entire corporate world was talking about him and about why he was removed suddenly by Tata Group.
Well many possible reasons were told by many people such as after Cyrus joining Tata has seen Negative growth, there was an increase in companies debt, Cyrus bad management etc. But the Actual Reason as per experts were, that Cyrus was focusing more on Profits instead of Tata group’s Values and Commitments.
If you also want to know the main story that why cyrus was suddenly removed? Check out our instagram post. Click here. And do follow us on Instagram for regular updates.
You will find many people, who will do any thing for their own good or for their business, they will lie, say anything do wrong commitments break trust, just for their short term profit or benefits. But Tata Group and Ratan Tata isn’t like this, they know that people’s trust is the most important thing
and because of this Tata able to stay successful in across globe since so many years. Hence even you focus on trust and focus more on values and commitment compare to profits
2. Success in listening.
Very Few People know that at start Ratan Tata got a job offer from IBM.
But he refused to work there, he came to Tata Steel and work on floors just like other Tata Employees. He also did small work, in an interview he said that in starting of his career he spend his life 8 years in training programmes in two to three companies shop floor. He said, at that time he used to find it useless, he used to think that it’s just waste of time
but later he realised that those 8 years training programme and learning was his life best investment.
Ratan Tata Says That Learning and Listening these two things will take you very long in your life. In fact in a graduation ceremony he gave speech to Graduated youth, “Many people don’t understand what they should say to students who just completed their graduation but the only thing I will say that just because you students have degree doesn’t mean you should stop learning. Never think that you are done with your studies. Instead even after graduation and completion of studies you should keep learning you should listen and learn from it with humility because people who become successful are those who always keep learning, who always listen and learn. Click here to know Top 10 habits of successful person. Click here.
3. Emotions for success.
Ratan Tata’s famous story I am sure you must have heard about it, but still it’s so great it teaches such a great life lesson that I will again repeat it
when Ratan Tata Created a Tata Indica car. It doesn’t work in the market
because of which he faced a great loss. Hence to overcome the loss, experts and his partners suggested him to sell his company. He unwillingly accepted the suggestion with the decision of selling his company.
He went to America to sell his company to Ford Company when he was in the meeting at that time Ford company’s owner insulted Ratan Tata. Ford Owner said: When you don’t know how to make cars, why you even tried, we are doing a great favour on you by buying your company.
This thing wasn’t liked by Ratan Tata. Hence he left from their with his partner and refused to take the deal too. He didn’t wasted his anger and insult, instead he took that insult as an Motivation after which he did lot of hard work. He did lot of research, and finally he took Tata Motors to a huge successful position.
Things didn’t stopped here a time came when Ford company wasn’t working properly, Ford company was facing loss. And because of the loss Ford decided to sell their two brands Jaguar and Land Rover.
When Ratan Tata came to know about this, he decided to buy both the brands as a result Bill Ford sold both of his car to Ratan Tata. By Saying that You are doing favour on us by buying these two brands.
This is the best way to use Emotions and taking Revengue. Most of the people in anger abuse, say bad things fight and do bad to themselves.
But Ratan Tata used his Anger as A Motivation and converted it to a profit
even you should be like this, instead of getting defeated by the emotions
use your emotions for winning.
4. Team work.
Ratan Tata Says, “Single person can’t achieve great things because a great team is must to achieve it, Every Single employee who is working with you is your team. And it is very important for you to take care of your team”.
Now let’s talk about facts, Tata was the first company who brought 8 hour working rule in 1912 which was later Followed by Henry Ford. In 1917 because of Tata’s Advance thinking they started giving medical health benefits to their Employees which again inspired many companies world wide and started following it.
Tata Group always trust and values their team members. Hence you will see many people saying that if you want to earn then invest in Reliance but want to work then work for Tata.
Remember that team work is very important for your success and your team work will be best, when you will have strong team and your team will become strong when you value your team.
5. Believe in Your Decisions.
Many doubted Ratan Tata’s decisions many a times. Example when he didn’t sell his company to Ford when he refused to sell companies which was going through loss, when he bought Tetley Tea in 450 million dollars
his decisions were questioned many times. However he had believe in his decisions therefore he took it without listening to others and he made Tata tea World’s Second largest Tea Company.
It’s not like Ratan Tata never took the wrong decisions but the most important thing which he again said to students in a speech was: That you must do what you believe in right, what you think is right. Many time people will say many things to you, will say wrong to you. Maximum time people will not support you, very few will support you. But if you believe that what you are doing is right, then you must go for it even if it is tough.
Yes many times you will take wrong decisions but you must not afraid of it.
Instead you must learn from it and be more intelligent with your next decision.
6. Take Chances.
Ratan Tata Says that we must take chances in life just like other creators
such as Apple, Amazon, Facebook, Google etc all these companies come under world’s biggest companies but all these companies started with their small garrage. They didn’t had big companies backup, they didn’t had a lot of investment money but still these companies are dominating market. Why? Because they had chances they showed the courage and made their idea a reality.
Hence if you want to grow in life then you have to take chances
you must move out of comfort zone and has to show some daring and have to do something different.
7. Give To Receive
Many people have a question, that when Tata earns so much more than Reliance in Numbers then why we don’t hear Tata’s name in world’s Richest people or businessman whereas Mukesh Ambani name always comes under the richest man list.
Well this is because Tata groups gives 65 percent of their income to charity. That charity amount goes for poor kids education, medicine and for rural development.
In an Interview Ratan Tata Said that Mukesh Ambani is a Businessman and I am A Industrialist, we have different goals. Since very beginning Tata Group Think more about people compare to money they actually want our nation to move forward.
For example, Tata came up with Nano car because they wanted Indians to experience car at low price, therefore even after facing loss they didn’t close the nano car company or manufacturing. Last year Diwali Tata Group gave thousand crore to Cancer patients as a gift and many more donations Tata group does.
Ratan Tata says that if you are studying and if you are doing good in your life then it is your duty and responsibility to do for others. It is your duty to do something good for your country. you shouldn’t consider yourself successful by comparing to your wealth instead you should feel successful when you go to bed and feel satisfied that yes I did something great. I brought some positive changes to the world, to the society, no matter how small the difference it at least you did it. And best part is anyone can bring such difference to the world and the society and surely even you can do it.
These powerful lessons I have shared from the Ratan Tata’s life. Don’t just read this try to implement them in your life. And don’t forget to share this article with your friends. For all the new updates follow us on the social media which are given below.
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