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Copy of Dhirubhai Ambani - A Leader
Transcript of Copy of Dhirubhai Ambani - A Leader
Employees achieve objectives through rewards and punishments set by leader
Works within the organizational culture
Motivates followers by appealing to their own self interest
Leadership is proactive
Promote creative and innovative ideas
Each behaviour is directed to each individual to express
consideration and support
Motivates followers by encouraging them to put
group interests first
Employees achieve objectives through
higher ideals and moral values
Works to change the organisational culture•
Large scale diversification.
Out of the box approach.
Utilised opportunities in GoI laws.
Exercised political influence
Initiation of debenture scheme
DHIRUBHAI AMBANI -
A TRANSFORMATIONAL LEADER
DESIRE TO LEAD
High desire for achievement
Absence of Self Doubt
Quick Situational Decision Making
No Prior Knowledge
Great Desire to Learn
: leadership effectiveness depends on whether followers accept or reject a leader.
: the extent to which followers have the ability and willingness to accomplish a specific task
THE PEOPLE'S MAN
THE NETWORK STRATEGIST
Fortune Global 500 featured RIL in 342nd rank in 2006.Forbes Global featured at 295th spot in 2000.
Chemtech and Chemical Engineering World gave the ‘Man of the Century’ award in Nov 2000 to Dhirubhai Ambani
Dhirubhai won the ‘Dean’s Medal’ of Wharton School,University of Pennsylvania in June 1998 for ‘outstanding leadership’.
FICCI conferred the title ‘Man of the 20th Century’ on D.A. in 2000.
Times Of India in 2000 voted Dhirubhai Ambani as the greatest creator of wealth in the country.
Yemeni Rial Coin
had high content of pure silver in those days. Young Dhirubhai perceived high demand for ‘rial’ in London Stock Exchange and purchased them in bulk and melted the coins in silver and sold it to bullion traders in London. Though it was stopped in 3 months, Dhirubhai made a few lakhs of Rupees in this transaction.
Government of India introduced
High Unit Value Scheme
; hence Dhirubhai shifted his interests from spices to nylon fabrics.
When most business houses depended on government owned financial institutions for funds ,Dhirubhai raised capital from the
by offering shares of the companies
Dhirubhai Ambani is credited with starting the
Dhirubhai identified a new market for his brand
-the non-metro urban segment
:To strengthen his position in textile sector,Dhirubhai integrates backwards and produced fibres.
When things went wrong ,he was the first person to sense that the circumstances would have been beyond his team’s control,rather than it being a slip on their part.
His first instinct was always to join his men in putting out the fire and not crucifying them for it.
THE SOLUTION SEEKER
Dhirubhai faced resistance from cloth merchants; so decided to open his own showroom for ‘Vimal’
Dhirubhai Ambani announced a buy-back scheme when the polyester was losing his demand.
Whenever a task seemed too big to be accomplished,he would reply “No is no answer!”
“It’s difficult but not impossible!”
Using his connections in Aden ,he exported a wide range of commodities to Aden.
To promote Vimal ,an advertising program was launched ,toured the country intensively offering franchises to shareholders.
Dhirubhai managed to create favourabled centers in all important areas-among bureaucrats ,the politicians as well as the media.These were the areas where power vested.
“Business is nothing but a web of relationships and obligations.“
Dhirubhai followed an
‘open door policy’.
Employees could walk into his cabin and discuss their problems with him.
He was always inviting people into sharing thoughts and ideas,rather than shutting out.
Always there for his team and brought around confidence in them
This tendency that he had to draw people towards him manifested itself in countless ways.
Peoples' view: That did much more than words in letting people know that they belonged,that they had trust ,and they had him on their side!
He never followed the text book style of management, evolved a unique style.
A perfect Manager of Time, Money ,Men and passion to find solution to problems.
Believed that business was not all about Ethics & morality, it was all about Expansion and Success.
LEADER MEMBER EXCHANGE THEORY
What is LMXT ??
LMXT explains how relationships of leader with each member of the group can develop in unique ways.
Two-way relationship between supervisors and subordinates.
Role-taking occurs when team members first join the group.
Managers use this time to assess new members' skills and abilities.
Based on this, the leader may offer opportunities to demonstrate capabilities.
1982 STOCK ADVENTURE
When things went wrong, Dhirubhai’s first instinct was always to join his men in putting out the fire.
In 1982 a Calcutta based bear syndicate sold a large number of Reliance shares hoping to bring their price down.
Dhirubhai’s loyal brokers bought back all the shares
In-Group members work hard to maintain the good opinion of their managers.
Out-Group members may start to dislike or distrust their managers.
LMXT USED IN BATTLES
V. P. SINGH
THE UNDISPUTED KING OF INDIAN INDUSTRY
Born on December 28, 1932 in Chorwad, Gujarat.
Moved to Mumbai in 1958 to start his own business in spices.
Dhirubhai started the Reliance Commercial Corporation with a capital of Rs.15,000.00
He moved into textiles and opened his mill near Ahmedabad
Dhirubhai Ambani-The milestones
THANK YOU !!!
QUESTIONS , IF ANY ??
Who Is Dhirubhai Ambani
The Indian Business Tycoon.
Founder Of Reliance industry.
Copy of Dhirubhai Ambani - A Leader
.But More Importantly What He do?
Ambani Chnage the managemnet Synerio