Ratan Tata receives AIB-Mena leadership award [Khaleej Times (United Arab Emirates)]
(Khaleej Times (United Arab Emirates) Via Acquire Media NewsEdge) Noted Indian industrialist Ratan Tata was recently honoured with the 2014 'AIB-Mena Windtower Award for Inspirational Leadership' at a ceremony held in Mumbai.
The honour was conferred by The Academy of International Business — Middle East North Africa Chapter (AIB-Mena), in recognition of his business leadership — as chairman of the Tata Group — and his inspirational actions in the face of adversity. The award was presented by Dr Melodena S. Balakrishnan, president of AIB-Mena and Associate Professor at the University of Wollongong in Dubai (UOWD), and the ceremony was presided over by UOWD president, Professor Trevor Spedding.
The AIB-Mena chapter has been incubated by UOWD. The AIB-Mena leadership award is inspired by the windtower, which, like an exceptional leader, stands stoically against the elements, channelling them to better use and providing guidance and motivation, particularly in times of uncertainty.
Tata was the chairman of Tata Sons, the holding company of the Tata Group, from 1991 until his retirement in December 2012. Under his leadership he transformed the enterprise into a worldwide conglomerate. Tata remains associated with various business organisations in India and overseas and is the chairman of the Tata Trusts, among the largest private-sector-promoted philanthropic trusts in India.
Presenting the award, Dr Balakrishnan said: "When AIB-Mena and AIB-India chapters decided to undertake a joint initiative, we looked at those Indian leaders who made a splash in the international business community. Ratan Tata steered the Tata Group to grow revenues to over $100 billion — 40 times the revenues when he took over — and four times the profit."
Following the award ceremony, Tata held a thought-provoking discussion with Professor Spedding and Dr Balakrishnan, who were joined by Dr Thomas Joseph of IIM Udaipur, representing AIB in India.
(c) 2013 Khaleej Times. All Rights Reserved. Provided by Syndigate.info, an Albawaba.com company
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