Complacency is a big danger for businesses, says Ratan Tata

Cautioning that "complacency" is a big danger for any business, Tata Group's Chairman Emeritus Ratan Tata has said that corporate leaders should keep injecting urgency without taking "cavalier risks".

In a commentary written for a publication of global consultancy McKinsey, Tata also said it is really important for companies to survive over the longer term and besides the ability to innovate, an attachment to good values also drives corporate longevity.