http://auto.economictimes.indiatimes.com/news/industry/tata-success-story-is-based-on-humanity-philanthropy-and-ethics/41766592
We’ve talked about Tata in class, so I found interested when I met this article about Tata’s business ethics. This article written by Peter Casey, the founder chairman of Claddagh Resources illustrates how Tata grew bigger and bigger from a small family business by following the idea of improving people’s lives.
I’m not familiar with Tata or India. I know it is a country with huge population and gap of wealth. I think it would be a good thing if a company in India actually think of Indian people and do things for them. And it really does a good job on extending to other areas. (Is that because the company is so successful, or is that because there aren’t so many competitors in India?)
My mother told me that we should help others or do philanthropy after we earn enough money. I want to have my own business in the future, but I think I would not have extra money to help others since myself might have a hard time running a business. After I read Tata’s story, I wonder how do they achieve both business and moral success? Is there a way to do philanthropy along with the business? Or there’s another question, do we have to do that? Tata helped people and the society because of religious believes, but many huge companies are also doing fine and win reputation as long as they don’t break the rules. This is a moral question.
One thing I don’t understand is that, Casey said that Tata has “a different way for capitalism to succeed”. What is Tata’s way? How can that be capitalism? I’m confused.
I wish some classmates from India can share their views of Tata with me.