Polytechnic English 1st Semester Chapter 3: JRD TATA

 Answer in 5-6 sentence

1. Express the views of JRD TATA about a leader.

Ans: Approachable: - J.R.D. had no problems making friends easily. He had one of the most comfortable personalities that was probably his benchmark of becoming a successful individual. Diplomatic: - One of the most difficult talents is to say ‘no’ in a nice manner. But Diplomacy was never a problem for J.R.D. Even when he was angry at Nehru for going against industrialists, he was never rude but made his point diplomatically and walked away friends.Realistic: - J.R.D. never plunged into unviable projects, howsoever exciting they might be. He briefly flirted with the idea of making bombers with “Tata Aircraft”—but despite his love for flying, he shot down the project himself when it became clear that there was no money to be made. Charismatic: - When J.R.D. was elected chairman of the group, there was no question about the selection. There was no one else who could have been chosen by the board. J.R.D. by then was a hero. The daring pilot, the shrewd businessman. He was already outstanding.

2. Express your views/ideas on: JRD Tata.

Ans: Aware of a sense of responsibility: - There were opportunities for J.R.D. where he was tempted to joined politics. But he rationalized to himself by concluding that he could do more for the country in business and industry than in politics. He says, “I had no doubt that freedom was on its way. But who knows, I might one day have an opportunity to serve in more useful ways than by going to jail today!”

Committed to values: - J.R.D. never believed in paying under the table for getting a license approved. He never believed in exploiting the workers, society and earning more profits. It was believed that wealth and respect are disjoint. J.R.D. was considered to be an exception to this rule.

3. Summarize the contribution of JRD Tata as a philanthropist.

Ans: It seems on the face of it like a family pulling in different directions: a large majority of members devoted to the cause of making money in a classic capitalistic fashion, only for a substantially endowed minority to diligently give it away in a manner that could be described as characteristically altruistic. There is no dichotomy at play here, though, because the moneymakers and the money givers are entwined components of a business that has been crafted, by tradition, philosophy and practice, to do precisely that. Welcome to the world of the Tata group, and to a rationale quite unlike any other in modern-day entrepreneurship. Welcome, also, to a multifaceted and multi-layered business organization that generated revenues of Rs3.2 trillion ($67.4 billion) in 2009-10, with a global workforce of nearly 400,000 people, and 28 publicly listed companies and shareholder base of 3.5 million in India. The most significant of these shareholders, the Tata charitable trusts — two-thirds owners of Tata Sons, the promoter company of the group — are a lot less concerned about quarterly earnings and analyst reviews than they are about enhancing and extending their charity canopy to provide shade and succour to a remarkably diverse spread of people, causes and institutions.

4. Describe the role of JRD Tata as a leader and motivator.

Ans:  Leadership, according to JRD meant motivating others. 'As chairman, my main responsibility is to inspire respect.' Sometimes referred to as the 'chairmen's chairman,' JRD adopted a management by consensus style: 'When a number of persons are involved I am definitely a consensus man,' he once said, adding: 'but that does not mean that I do not disagree or that I do not express my views. Basically it is a question of having to deal with individual men heading different enterprises. You have to adapt yourself to their ways and deal accordingly and draw out the best in each man. If I have any merit it is getting on with individuals according to their ways and characteristics. In fifty years I have dealt with a hundred top directors and I have got on with all of them. At times it involves suppressing yourself. It is painful but necessary. To be a leader you have got to lead human beings with affection.'

5. Elaborate the statement: ‘The Tata group is India’s biggest business empire.’

Ans: MPPDuring the last half of the twentieth century Tata entered several new businesses, many of them unconventional, and produced a vast range of products -- from airlines to hotels, trucks to locomotives, soda ash and other heavy chemicals to pharmaceuticals and financial services, tea and air conditioning to lipsticks and cologne.

    The group seemed to make everything and do everything. One of Tata's earliest achievements was to cajole ten rival cement companies to merge and form the Associated Cement Companies, run by the Tatas. JRD strengthened existing businesses such as steel, power and hotels. At the same time, the group lost interest in some of its older core businesses.As an industrialist, JRD Tata is credited with placing the Tata Group on the international map. As an aviator and pioneer flier, he brought commercial aviation to India.As a patron of the arts, he was revered by India's artists, sculptors and performing artists; under JRD's tutelage, the Tatas became the biggest buyers, promoters and supporters of the art world in India.

6. State and explain any six qualities of a successful entrepreneur.

Ans:You have the strength to see things through--you don't vacillate or procrastinate. When you want it, you make it happen. The world's greatest achievers are those who have stayed focused on their goals and been consistent in their efforts.

Patience

1) "Passion"

If you want to succeed, if you want to live, it's not politeness but rather passion that will get you there. Life is 10 percent what you experience and 90 percent how you respond to it.

2)"Connection"

You can relate to others, which in turns makes everything reach further and deepen in importance.

3)"Optimism"

You know there is much to achieve and much good in this world, and you know what's worth fighting for. Optimism is a strategy for making a better future--unless you believe that the future can be better, you're unlikely to step up and take responsibility for making it so.

4) "Self-confidence"

You trust yourself. It's as simple as that. And when you have that unshakeable trust in yourself, you're already one step closer to success.