IGB FINAL
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Transcript of IGB FINAL
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Presented By:-
Divyanshu Shukla (111326)Chandrapal Singh (111327)
Sneha Sinha (111328)
Nithya V (111329)
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Aman of two centuries
Late Shri Dhirubhai H Ambani
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` Name the company that provides piped gas inyour house
` Name the co. that provides your Net connection tothe world entertainment via the optic fiber links.
` Name the co. that has established colleges,schools, and hospitals for the welfare of humanity.
` Nobody has ever aspired to become the one-stopshop for all your living needs.
Has this happened anywhere in the world?
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` The Reliance empire built from scratch, in a shortspan of 25 years.
` One of the top Fortune 500 corporations of theworld an achievement unparalleled in history.
The beginning
Dhirubhai, stated as early as 1999
` Make the tools of information andcommunication available to people at an
affordable cost. They will overcome the
handicaps of illiteracy and lack of mobility.
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` Firm believer in the power of information communication be utilized to the advantage of one
and all` 1995-96 -Reliance entered the telecom industry
` Tie up with the $ 16-billion Baby Bell telecomcompany (US) to , the Nynex
` Combined bid for Basic and cellular mobiletelephone service licenses with DoT
` Oct 1996 - struck a deal with US-basedtelecommunications giant Motorala.
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` Reliance awarded letter of intent in Gujarat.
` A joint venture with Andhra Pradesh to set up
7,500 Internet kiosksThe goal
` Reliance Infocomm to progressively expand opticfiber network and to cover 116,000 km
` Seamlessly connect every individual, home, andoffice in all 640,000 villages, 2,500 towns andcities.
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Charismatic Leadership
` A true 21st century man, deeply rooted in
traditional Indian values, modern outlook.
`
You dont necessarily require a professional
qualification to start your own venture
`
Necessity compelled to abruptly end education, he
started his career at the age of 17.
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` Dream is not what you see in sleep, it is that which
doesnot let you sleep.
At Shells oil filling station where he worked, hedreamed of setting up and owning a refinery.
` Lead by example
Practised and preached one mantra throughouthis life: Dream with conviction, he inspired andencouraged everyone to surpass the best in theworld.
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` Be vigilant in identifying the opportunities
Starting in spice trading business, he identified theopportunity in yarn trading and immediately shiftedto new business.
` Strive for excellence
World Bank team certified the Naroda Textile millas excellent even by developed countrystandards
` Dare to be different
Preferred to raise fund through capital markets byway of bringing Reliance IPO.
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` The Power to convince
Exhorted skeptical middle class investors to investin the Reliance IPO.
` Connect with people
Reliance Annual General Meetings took on thecharacter of large public spectacles. 1986 meeting
attended by 30,000 stockholders.
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` Never let Good be the enemy of the best
First strategic backward integration at Patalgangaplant (polyester unit).
The worlds largest grassroots refinery at the time,Jamnagar in Gujarat.
` The Ultimate Ambition
Access of information and communication beaffordable.communication should render the
dimensions of time and distance irrelevant.To make the cost of a phone call cheaper thanthat of a post card.
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` Dhirubhai Dream Realization Launch of
Reliance India mobile
28 December 2002, on the occasion ofDhirubhais 70th birthday, launch of RelianceInfocomm by MukeshAmbani.
` The Era Thereafter
First introductory offer was the 'Dhirubhai AmbaniPioneer'
Vertical of Reliance Communications - NetConnect, PCO, Data Centre, Reliance India Call,and Video Conferencing.
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` Between my past, the present and the future,there is one common factor: Relationship andTrust. This is the foundation of our growth.
- Dhirubhai H. AmbaniFounder Chairman
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` Sunil Bharti Mittal, born October 23, 1957,son ofa politician from Ludhiana (Punjab)
` Student of Harvard Business School graduated
from Punjab University.` Founder, Chairman and Managing Director of
Bharti Group
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` A first generation entrepreneur.
` First business in 1976 at the age of 18 with a
capital investment of Rs 20,000 (US$1500)
borrowed from his father.
` Make crankshafts for local bicycle
manufacturers which was closed in 1979.
` First to bring portable generators to India.
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` 1982 - First Step in Telecom
` Introduced the push button phones to India, ,replacing rotary phones.
` Bharti Telecom Limited (BTL) was incorporated.` Entered into a technical tie up with Siemens AG
of Germany.
` 1990s - Started making fax machines, cordless
phones and other telecom gear.
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` 1992 - Turning Point.` Awarding of licenses for mobile phone services
for the first time by Indian Govt to serve NewDelhi.
` 1995, Bharti Cellular Limited (BCL) formed tooffer cellular services under the brand nameAirTel.
` Instrumental in bringing down the highSTD/ISD, cellular rates in the country byrolling the countries first private national aswell as international long-distance service.
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` 2001- Entered into a joint venture withSingapore Telecom International for a $650-million submarine cable project.
` Countrys first ever undersea cable linkconnecting Chennai in India and Singapore.
` Bharti Enterprises went public in 2002.
` Airtel - Indias largest integrated and the first
private telecom ser vices provider with afootprint in all the 23 telecom circles.
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` Role clarity - Set clear and bold targets for theorganization
` Ability
To rope in big players with deep pockets (like SingTel,
Vodafone, Warburg Pincus & Siemens). To navigate through the socio, legal processes.
To convince lenders to provide him capital.
` Collaborate - for sharing towers, network withcompetitors
` Will to abdicate - At 50, he stepped back to delegateoperational control to the professional Managers to leadthe various entities
` Ability to attract and retain the best management team
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` Hands-on himself tests out Airtels IPTV
` Routinely travels to remote areas India
to boost the morale of his sales troops to experience firsthand how good or poor his
companys telecom services are
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` Ability to take decisions amidst uncertainties` The first to enter many sectors of the business,
and explore unventured frontiers.
` His vision - In this era of me-too products,the key to survival and success of an innovation
is speed to market.` Out-of-the-box thinking is one of the essentials
of new leadership.
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` Be prepared - Plunge into something else as soon as the
government stumps you with a change in policy.
` Managing the set of volatile customers
` Proactively reading customer mind and predicting the future
consumption trend.
` Bharti is now an established player in the Telecom, retail,
insurance, finance and in the entertainment sector.
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` Ranked the No. 2 best employer in India byHewitt Associates in 2004
` Ranked No. 10 in Business Week's IT 100 listin 2004.
` Other benefits for employers
half days on birthdays, gifts for anniversaries,no meetings on weekends, flexible work time,
gym, yoga classes and regular health checkson campus
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Dhirubhai Ambani Sunil Bharti Mittal
First Business
` Reliance CommercialCorporation spicetrading company.
Crisis management` Cyclone during
construction at Jamnagardid not delay its start-up
` where there is a will
there is a way` Journey driven by
hardship and want
` to make crankshafts forlocal bicyclemanufacturers
` Kept up hopes ofinvestors duringeconomic crisis
`
Difficult days with hopethat money would comeby next day
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Dhirubhai Ambani Sunil Bharti Mittal
Leadership style
` Participative / Delegating
Leave the professionalalone
Distinct Practices
` Change your orbitconstantly
Ideology
` Profits we share, loss willbe mine
` Think big, Think Fast,Think Ahead
` Action Oriented SelfInvolvement, supervisionand active monitoring.
` Emphasis on speed overperfection
` Customer is the king` Work requires
compromises` Faith in divine
intervention
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http://www.entrepreneur.com/article/80104-2
http://in.rediff.com/cms/print.jsp?docpath=//money/2006/aug/11spec.htm
www.srmuniv.ac.in/downloads/sunil-mittal-success.pdf
http://in.rediff.com/cms/print.jsp?docpath=//money/2006/aug/11spec.htm
http://timesofindia.indiatimes.com/articleshow/msid-32019056,prtpage-1.cms
Organizational behaviour book by Robbins Judge Vohra
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