If there is one word that Ratan Tata has been working with long before he took charge as chairman of the Tata Group in 1991, it is strategy. As far back as in 1983, studying the then lethargic group under a controlled political economy regime (it sold whatever it produced), he wrote what he called a Strategic Plan. Under this, he wanted the group to embrace technology, to understand a competitive climate that was to come a decade later and give it a more consumer oriented thrust. Seventeen years later, he drafted the Vision 2000 document, again powered by strategy. Today, as the 1962 Cornell BSc graduate in architecture and structural engineering redesigns, restructures and re-engineers a new Tata Steel through India’s biggest-ever acquisition, the purchase of Corus, the keyword again is strategy.
Opinion in The Indian Express, January 31, 2007
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