Tuesday, December 2, 2008

Persistent determination, the basis of business

What is the fundamental nature of business? It is true that the foundation of a business revolves around the notion of profit but this is not all. The successful operation of a business depends on many other factors apart from this. One of these factors happens to be persistent determination. This is not only essential but also motivates a person even at the hours of distress. Are you a student of MBA? If you are, you have surely gone through many case studies related to this. But now you can have something in your home.

How? Have a chat with RK Krishna Kumar, the Vice-chairman of Tata Group’s Indian Hotels and see his self-esteem and steadfastness even at this worst situation in the history of Taj. The person is fully committed towards the reconstruction of the structure of Taj and proposes a toast to the spirit of the employees of the hotel. Never forget that this trait should be present in every management although the bulk of the Indian companies are found to be devoid of this.

He has also criticized vehemently, while talking to the media persons, the deadly attack on the city of Mumbai and two of its iconic landmarks — the Taj and the Oberoi. According to him, this is in no way a stray incident and a simple continuation of the previous terror attacks for the liberation of Kashmir or other demands. On the contrary this is a daring attempt to halt the economic progress of India and her emergence as a global power.

In the context of Taj the rebuilding of the age-old institution will start as soon as the present crisis ends. What’s more he is confident that the management is enough competent and will restore it to its fullest glory. What should be the level of the reconstruction? This can be clearly understood for the fact that the entire top floor of the hotel has gone up in flames.

You will make a huge mistake if you consider RK Krishna Kumar as the only vigilant person of the management. Mr. Tata is also conscious of the entire happening and its gradual developments. What does this indicate? The illustrious dedication of the Taj group originates in the determination and consistency of the management. The self-sacrifice of Taj’s employees is an outcome of this age-old yet effective ideal.

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