“If you want to walk fast, walk alone. But if you want to walk far, walk together” – Ratan Tata
If there is one legacy which Ratan Tata ji has left behind for India Inc to emulate, is his philosophy of “Compassionate Capitalism”, which he imbibed in every possible way, mainly by his legendary humility and empathy towards all those whose lives he touched, including some strays, and above all our environment as well.
Two of legendary examples could be – one, after Mumbai attacks in November 2008, he vowed to take care of the families of those hotel employees who were killed or injured, and also pledged to to pay the relatives of the dead employees the ‘salaries which they would have earned for the rest of their lives’. Second could be the launch of ‘Tata Sustainability Group’ in 2014, well before it had become a buzzword in our corporate sector. The group was established with a clear vision: to drive sustainability initiatives across the Tata Companies, and to make environment and social stewardship integral to the business strategy.
Furthermore, that this conglomerate emerged as the only Indian brand, among the world’s top 100 most valued brands per ‘Brand Finance’ global rankings, could to a great extent also be attributed to this philosophy.
It’s not difficult to guess that such a grand success could be attributed to the pride and a sense of purpose, which each employee had being associated with the conglomerate, thereby enabling them to give their best performance.
Leading business schools and other top educational institutions in India, need to imbibe such a philosophy among their students, by using case studies mainly from the Tata conglomerate. Corporates could also introduce orientation sessions for their employees on the key elements behind the same, along with the positive fallouts for the organization as a whole, with associated benefits to all their key constituents such as - employees, customers, vendors, and in the ultimate analysis to their share holders.
What could be a better way of further accelerating our overall economic progress and development, for generations to come? 
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