Sir Ratan Tata, Chairman of Tata Sons, has been awarded a Lifetime Achievement Award by the Rockefeller Foundation for innovation in philanthropy. Speaking on the occasion, Mr. Tata said businesses should be sensitive to the contexts in which they operate, and should have a sense of responsibility for the community’s well-being
“This is all the more evident in the developing world where disparities are so huge. If the industry is not sensitive to it, they would encourage a backlash to take place and many companies that go overseas are getting to understand the need to do this and those that do not are really hurting the reputation of other industries,†Mr. Tata said.
“When you see in places like Africa and parts of Asia abject poverty, hungry children and malnutrition around you, and you look at yourself as being people who have well being and comforts, I think it takes a very insensitive, tough person not to feel they need to do something,†not just by providing material support but by playing a role in helping give prosperity to the community in which they belong, Mr. Tata added.
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