Definitely. The story began with the visionary Jamshetji whose contribution to India's Industrialization is unparalleled. JRD carried that legacy over and is an illuminary in his own rights. In comparison Ratan Tata was supposedly the unknown, reclusive nephew whose capabilities were supposedly a suspect till long.
However with the markets opening up and the challenges across the world threatening to overtake the markets Ratan realized the need for that sweeping change which to be truthful was never felt by his predecessors simply because the requirement was never there. However to see the future is one thing and then to plan for it and actually take it to that level where they can take the fight to the external markets needs something entirely different.
In that respect the
BusinessWeek article was a real eye opener. Its heartening to note that the whole Tata group was totally worth some $12 billions in 2003 and today after just 5 years they are worth more than $50 billion dollars. Thats the hallmark of a leader.