When it comes to role models in business, names like Elon Musk and Steve Jobs often come to mind. However, in India, two business icons who stand out as worthwhile role models: Mukesh Ambani and Ratan Tata. Both Ambani and Tata have made significant contributions to India’s economic growth and development, and their leadership styles offer valuable lessons for aspiring entrepreneurs.
Firstly, Ambani and Tata are known for their social responsibility and commitment to the development of the communities they operate in. Ambani, the chairman of Reliance Industries, has invested heavily in the digital infrastructure of India and is working to bring affordable internet and smartphone technology to millions of people. Meanwhile, Tata, the former chairman of Tata Sons, has been a long-time advocate for corporate social responsibility, investing in education, healthcare, and other social initiatives. Their focus on improving the lives of their fellow citizens shows that business leaders can have a positive impact on society while still creating profitable enterprises.
Secondly, Ambani and Tata have shown that innovation can take many forms. While Musk and Jobs are known for their technological innovations, Ambani and Tata have made their mark through business model innovation and strategic partnerships. Ambani’s Reliance Jio, for example, disrupted the Indian telecom market by offering low-cost data plans and leveraging a digital ecosystem to create new revenue streams. Meanwhile, Tata’s acquisition of global brands like Jaguar Land Rover and Corus Steel has helped diversify the Tata Group’s portfolio and expand its global footprint.
Finally, Ambani and Tata offer a valuable lesson in leadership. Both have a reputation for being humble and approachable, despite their vast wealth and influence. They also prioritize building strong relationships with employees, customers, and other stakeholders. In contrast, Musk and Jobs are often criticized for their brash and confrontational leadership styles, which can lead to high turnover rates and damage to company culture. Ambani and Tata’s leadership styles demonstrate that humility and respect for others can be just as effective as bold, visionary leadership.
Elon Musk and Steve Jobs are undoubtedly brilliant innovators, however, Mukesh Ambani and Ratan Tata are worthwhile role models for aspiring entrepreneurs in India and around the world. Their social responsibility, focus on innovation, and leadership styles offer valuable lessons for anyone looking to build a successful business while also making a positive impact on society.