Leadership Style of the richest Indian Mukesh ambani
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Mukesh Ambani is the richest man in India and chairman of Reliance Industries, the largest company in India by market value. He dropped out of Stanford University with an MBA to help his father build Reliance into a major conglomerate. Ambani's leadership style emphasizes empowering employees, thinking innovatively, and having a vision for expansion. He has received numerous business awards and leads Reliance in pursuing major projects in oil, gas, and petrochemicals to become a global industrial powerhouse.
![Personal Details
Born
19 April, 1957 (age 56) Aden, Yemen
Occupation
• Chairman & MD, Reliance Industries
[FORTUNE Global 500 Rank – 107th ]
Spouse
Nita Ambani
Childrens
Akash Ambani
Anant Ambani
Isha Ambani
Parents
Dhirubhai Ambani
Kokilaben Ambani
Brother
Anil Ambani](https://image.slidesharecdn.com/mukeshambani-140829020055-phpapp01/85/Leadership-Style-of-the-richest-Indian-Mukesh-ambani-6-320.jpg)
Leadership Style of the richest Indian Mukesh ambani
- 1. Today’s Topic An Indian Business Leader & His Style of Leadership
- 2. Richest INDIAN in the WORLD Owns INDIA’s biggest company by market value Ranked 40TH richest person overall on FORBES List (March 4, 2014) With net worth of USD 18.60 Billion An MBA drop-out from STANFORD UNIVERSITY
- 3. Mr. Mukesh Dhirubhai Ambani
- 4. “You see, All the right things are written in Books and Research papers. The trick is to ensure that there is no gap between what is written in the books and your vision; from what is happening on the shop-floor and what is going in the Market Place. That is execution. That is what makes Difference.” – Mukesh Ambani
- 5. At the end this presentation, you will be able to know – Facts and figures about Mr. Mukesh Ambani Personal Overview Leadership Style of Mr. Mukesh Ambani Strategic Management by Mukesh Ambani CSR Awards and Achievements Future Plan
- 6. Personal Details Born 19 April, 1957 (age 56) Aden, Yemen Occupation • Chairman & MD, Reliance Industries [FORTUNE Global 500 Rank – 107th ] Spouse Nita Ambani Childrens Akash Ambani Anant Ambani Isha Ambani Parents Dhirubhai Ambani Kokilaben Ambani Brother Anil Ambani
- 7. Education • Schooling from Hill Grange High School. • Received BE degree in Chemical Engineering from the University of Mumbai. • Enrolled for an MBA from Stanford University but dropped out to help his father build Reliance, which at the time still a small but rapidly growing enterprise.
- 8. Personal overview • An ordinary individual who dreams big and welcomes challenges. • Passionate about Business and Entrepreneurship since childhood. • He uses the human resources in an efficient manner. • Loves to interact with youngsters. • Enjoys vadapav, Gujrati and Indian cuisine. • Never leaves home without praying. • Exercises for 45 minutes every morning. • Favors Indian clothing brands. As a visionary businessman, Mukesh Ambani, recently said “India's future is digital.”
- 9. Leadership Style Out with Feudal System He realized that the feudal system in place was outdated and needed to be replaced by a revolutionary system. There was no substance in keeping the power in a few people's hands and so the authority was spread over a network of people who were given specific responsibilities. Not for him any coalition with second rate companies. He bonded with the best. Dupont's alliance was sought for $ 5 million. Young people were assigned to be trained by Dupont. This was something new to Indian business and industry. “Today I see a billion people as a billion potential consumers, an opportunity to generate value for them and to make a return for myself.”
- 10. Not Let-up His father and Rasikbhai Meswani, his cousin, two guiding spirits behind Reliance died in quick succession. Mukesh was devastated but did not panic. He quickly found his strength to get back in articulation. The organization was intact after all. Work went on almost without any interruption. Aim High It was always a goal for him to beat Taiwan and Korea at polyester business. They were the dominant player in the business then. Soon he concluded that the scale of business has to be huge to achieve the goal. In spite of the license-quota raj and it strangling ways, Reliance polyester had built a capacity of 75,000 tonnes. Then came deregulation. The company leapfrogged into producing 1 million tonnes. The fast falling tariff rates helped too. The executives, numbering some 300 were top class and saw it that the company grew steadily. This growth, the vision of Mukesh, set a world record.
- 11. Learn from Guru Mukesh knew from experience that the U.S. is an open country where it is not difficult to run a businesss and could get information in the qucikest possible time. He made it to the US Association of Chemical Engineers and get all the information. The staff learnt many things from DuPont. Mukesh is all praises for KK Malhotra, who was an import from a public sector company and whom Mukesh considers his Guru. Expansion Mukesh could see far into the future and pinpoint the businesses that would change the face of his company profile. Petrochemicals plastics, polyester were all in their net, all having a future. Expansion was not confined to India alone. It included the whole world. This huge plan for expansion coupled with huge cash flow enabled the company become what it is: a global giant by any standards.
- 12. Strategic Management • Always thinks ‘out of the box’. • Doing things in a different way. • Empower ordinary people to extra to extra ordinary things. • Investment in excellence is investment in the future. • Self belief and opportunity analysis is essential for an entrepreneur.
- 13. Awards and Honors Year of Award or Honor Name of Award or Honor Awarding Organization 2000 Ernst & Young Entrepreneur Of The Year Ernst & Young India 2010 Global Vision Award at The Awards Dinner Asia Society 2010 Business Leader of the Year NDTV India 2010 Businessman of the Year Financial Chronicle 2010 School of Engineering and Applied Science Dean's Medal University of Pennsylvania 2010 Global Leadership Award Business Council for International Understanding Ranked 5th best performing CEO in the world by Harvard Business Review in its ranking of top 50 global CEOs. In 2010, he was given an Hon.DSc (Doctor of Science)(Hon.Causa)degree by M.S.University,Baroda.
- 14. Board Membership • Chairman, Indian Institute of Management Bangalore • Member of Board of Governors UDCT, Mumbai • Chairman, Managing Director, Chairman of Finance Committee and Member of Employees Stock Compensation Committee, Reliance Industries Limited • Former Chairman, Indian Petrochemicals Corporation Limited • Former Vice Chairman, Reliance Petroleum • Chairman of the Board, Reliance Petroleum • Chairman and Chairman of Audit Committee, Reliance Retail Limited • Chairman, Reliance Exploration and Production DMCC • Former Director, Member of Credit Committee and Member of Compensation & Benefits Committee, Bank of America Corporation • President, Pandit Deendayal Petroleum University, Gandhinagar, Gujarat
- 15. Mission To work constantly to encourage employees to develop professional competency and to accept social responsibility through the company’s safety, environmental, productivity and quality efforts. Vision To become a globally competitive enterprise, driven by the ,market, creating and maintaining a lead over competition through quality products and establishing itself to be the preferred supplier of its customers.
- 16. Some major ongoing/completed projects include :- • Selection of cost effective FCC catalysts and additives for improved conversion and yields. • Benzene reduction in refining to promote clean fuel. • Upgrading of bottom barrel through initiatives such as carbon black production, reduced conversion etc. • De-salter operation improvements. • Computational fluid dynamics for trouble shooting. • Molecular compositional blending models. • Polypropylene quality control. • Development of high performance additives for polyolefin. • High melt strength PP by post reactor route. • Superabsorbent polymers. • Bio-filtration process for effluent water treatment. • In house development and utilization of additives for cracker coking passivation. • Development of oxygen barrier PET for beer packaging. • Development of anti-pill polyester, elastic polyester, low melt polyester, low cost flame retardant polyester, low antimony/antimony free polyester, and super micro denier polyester staple fiber. • Development of low cost catalyst, additives and spin finish for polyester.
- 17. Bibliography Website Links • http://economictimes.indiatimes.com/topic/Mukesh-Ambani • http://timesofindia.indiatimes.com/topic/Mukesh-Ambani • http://www.business-standard. com/search?type=news&q=Mukesh+Ambani • http://www.ril.com/html/aboutus/mukesh_ambani.html • http://en.wikipedia.org/wiki/Mukesh_Ambani • http://www.in.com/mukesh-ambani/profile-387.html • http://www.ril.com/html/aboutus/research_development.html • http://www.slideshare.net/prkworld/mukesh-ambani Books • Ambani Brothers – Rahul Singhal • Ambani & Sons – Hamish McDonald
- 18. MBA, 2nd Sem, 2013-2015 Batch iLEAD, Kolkata West Bengal University of Technology