Jul 8, 2005

Foolish and Courageous

I'm displaying this article not with a little sense of pride, and I admit I am biased. There is something about the Tata group that gives me the goosebumps and makes me totally proud to be an Indian. I spent two years at Jamshedpur (affectionately called Jampot) and have an uncle who works in Tata Steel, so I have seen the truth closely and personally. Can the Tatas teach something to global business about the true nature of capitalist enterprise?

Or is it the exception that proves the rule ?

News week article - A New Kind of Company
(forwarded mail by Kingshuk)
Tata coddles workers, not managers, keeps its distance from Wall Street—yet thrives in brutal global industries as a uniquely Indian kind of multinational.

To see how they view industries and financial returns in the long term read this interview.