5 eminent personalities

FIVE EMINENT BUSINESS PERSONALITIES : 

FIVE EMINENT BUSINESS PERSONALITIES

LAKSHMI MITTAL: 

LAKSHMI MITTAL

Lakshmi Nivas Mittal: 

Lakshmi Nivas Mittal “Always think outside the box and increase the opportunities that appear, wherever they might be”

Biography - Lakshmi Nivas Mittal: 

Biography - Lakshmi Nivas Mittal Indian born British steel tycoon Born on June 15 th 1950 in Rajasthan Family moved to Kolkata from Rajasthan His father Mohanlal Mittal set up a small steel mill in Kolkata.

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Finished his bachelors degree in business and accounting Mittal began his early career in his fathers steel firm in the early 70s In 1976 Mittal moved to Indonesia and acquired a steel plant ISPAT INDO. His success has largely been built on buying up loss making steel owned mills and quickly turning them around.

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His wife Usha runs the Indonesian business and his son Aditya and daughter Vanisha are members of the board of directors of Mittal steel.

History of Mittal Steel: 

History of Mittal Steel Mittal Group got into steel industry in 1976 when M L Mittal left country because of India’s restrictive economic policies. He went to Indonesia to set up ISPAT INDO. Group started spreading its activities across the globe in 1989 when it acquired an ailing plant in Trinidad and Tobago which was revived

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1994 group underwent partition of business interest in the family. All the foreign business were hived of into a separate group ISPAT International under the control of L N Mittal while Indian operations remained with his younger brothers P K Mittal and V K Mittal

Current Status: 

Current Status World’s largest and most global steel company with shipment of 49.2 million tones and revenue of over $28.1 billion in 2005 and net income of $3.4 billion No. 1 high quality steel producer with crude steel capacity with more than 70 million tons per annum Own steel making facilities in 16 countries spanning 4 continents Employs 224000 people spanning 49 different nationalities

Qualities and Distinctiveness: 

Qualities and Distinctiveness Hard working Outstanding vision Convincing, Motivating and guiding Zeal and fierceness Capacity to lead Bravery

Awards: 

Awards Mittal was awarded Fortune magazines “European Businessman of the Year 2004” Previously, he was awarded “Steelmaker of the Year” in 1996 by New Steel in the USA The “Willy Korf Steel Vision Award” in June 1998 In March 2005, Forbes named him the third richest man in the world and the richest non-American, with a wealth of $25 billion.

LEADERSHIP STYLE: 

LEADERSHIP STYLE A transactional leader: Mittal is a transactional leader who guides and motivates his followers in the direction of established goals by clarifying role and task requirements.

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The Leader in Mittal- A great individual A corporate leader in business Started the trend of mergers around the world A caring family man A complete human being

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“ This is not about creating a giant ….its about creating the sustainability of the steel industry..” -Lakshmi Niwas Mittal

WARREN BUFFET: 

WARREN BUFFET

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Warren Buffet, the second richest man who has donated $31 billion to charity. Following are some very interesting aspects of his life

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He bought his first share at age 11 and he now regrets that he started too late! Things were very cheap that time Encourage your children to invest He bought a small farm at age 14 with savings from delivering newspapers. One could have bought many things with little savings Encourage your children to start some kind of business

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He still lives in the same small 3-bedroom house in mid-town Omaha , that he bought after he got married 50 years ago. He says that he has everything he needs in that house. His house does not have a wall or a fence. Don't buy more than what you "really need" and encourage your children to do and think the same

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He drives his own car everywhere and does not have a driver or security people around him. You are what you are He never travels by private jet, although he owns the world's largest private jet company. Always think how you can accomplish things economically

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His company, Berkshire Hathaway, owns 63 companies. He writes only one letter each year to the CEOs of these companies, giving them goals for the year. He never holds meetings or calls them on a regular basis. Assign the right people to the right jobs

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He has given his CEO's only two rules. Rule number 1 : do not lose any of your share holder's money. Rule number 2 : Do not forget rule number 1. Set goals and make sure people focus on them

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He does not socialize with the high society crowd. His past time after he gets home is to make himself some pop corn and watch Television. Don't try to show off, just be your self and do what you enjoy doing Warren Buffet does not carry a cell phone, nor has a computer on his desk.

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Bill Gates, the world's richest man met him for the first time only 5 years ago. Bill Gates did not think he had anything in common with Warren Buffet. So he had scheduled his meeting only for half hour. But when Gates met him, the meeting lasted for ten hours and Bill Gates became a devotee of Warren Buffet.

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His advice to young people: "Stay away from credit cards (bank loans) and invest in yourself and Remember: Money doesn't create man but it is the man who created money. Live your life as simple as you are. Don't do what others say, just listen them, but do what you feel good.

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Don't go on brand name; just wear those things in which you feel comfortable. Don't waste your money on unnecessary things; just spend on them who really in need rather. After all it's your life then why give chance to others to rule our life."

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NAGAVARA RAMARAO NARAYANA MURTHY

.He is an Indian industrialist and software engineer. .He is the founder and Chairman Emeritus of Infosys.: 

.He is an Indian industrialist and software engineer . . He is the founder and Chairman Emeritus of Infosys.

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•Born into a KannadaMadhwa Brahminfamily in Mysore, Karnatakaon August 20, 1946. . Murthy graduated with a degree in electrical engineering from the National Institute of Engineering, University of Mysorein 1967. .He received his master's degree from IIT Kanpurin 1969

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CAREER •His first position was at IIM Ahmedabadas chief systems programmerwhere he worked on a time-sharing system and designed and implemented a BASICinterpreter for ECIL (Electronics Corporation of India Limited

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•After IIM Ahmedabad , he joined PatniComputer Systemsin Pune . •Telco, now known as Tata Motors

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•Infosys started its operations in a 10x10 room with a capital investment of just Rs 10,000 (borrowed from Murthy's wife, Sudha Murthy). .Now , its revenues have grown to Rs 27,000 crore .

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•Murthy served as the founder CEO of Infosys for 21 years, and was succeeded by co-founder Nandan Nilekani in March 2002. Then he was the Executive Chairperson of the board from 2002 to 2006 .

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•He retired from his executive position at Infosys on August 20, 2006, after which he has been the non-executive chairman of the board and chief mentor of the company Now, Murthy handed over his role to KV Kamath , who has been an independent director on the Infosys board since May, 2009.

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ACHIEVEMENTS He was awarded the PadmaVibhushan , the country's second-highest civilian award after the Bharat Ratna , in 2008. Murthy serves as an independent director on the boards of HSBC, DBS Bankand Unilever. He also serves on the boards of the Ford Foundation, UN Foundation, Indo-British Partnership, and NDTV. He is the chairman of the Governing board of Public Health Foundation of India.

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AZIM PREMJI

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Born: July 24, 1945 Achievements : Chairman of Wipro Technologies ; Richest Indian for the past several years; Honored with Padma Bhushan in 2005. Azim Premji is Chairman of Wipro Technologies, one of the largest software companies in India. He is an icon among Indian businessmen

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Born on July 24, 1945 , Azim Hashim Premji was studying Electrical Engineering from Stanford University, USA when due to the sudden demise of his father, he was called upon to handle the family business. Azim Premji took over the reins of family business in 1966 at the age of 21. Under Azim Premji's leadership Wipro has metamorphosed from a Rs.70 million company in hydrogenated cooking fats to a pioneer in providing integrated business, technology and process solutions on a global delivery platform

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. Today, Wipro Technologies is the largest independent R&D service provider in the world

ACHEIVEMENTS: 

ACHEIVEMENTS >Graduated from Stanford University >He is the richest man in India >One of the top 50 richest men in the world >CEO of Wipro and head person of Azim Premji Foundation >Brought Wipro from Scrap to Beauty, that is from US$ 2million to US$1.76billion >Member of Prime Minister's committee for trade and industry in India >Made Wipro the biggest BPO  services provider in India

AWARDS: 

AWARDS Azim Premji started off in Wipro with a simple Vision - to build an organization on a foundation of Values. >Wipro is today ranked among the top 100 Technology companies globally (by Business Week) > Azim Premji has received many honors and accolades, which he believes are recognitions for each person who has contributed to Wipro >He was adjudged the Business Man of the Year 2000 by Business India and as the Business Leader of the Year 2004 by the Economic Time >Time listed him (April 2004) as one amongst 100 most influential people in the world >

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He was named by Fortune (August 2003) as one of the 25 most powerful business leaders outside the US, Forbes (March 2003) listed him as one of ten people globally, who have the most “power to effect change” and Business Week (October 2003) featured him on their cover with the sobriquet “India’s Tech King”. In January 2005, the Government of India conferred upon him the Padmabhushana , one of the highest civilian awards in the country. > Azim Premji voted the 15th most powerful man in the world

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STEVE JOBS

Steven Paul Jobs: 

Steven Paul Jobs Born in 1955 in Green Bay, Wisconsin Adopted by Paul and Clara Jobs to live in Santa Clara, California Graduated high school in Cupertino, California

Education: 

Education Jobs went to Reed College in Portland Oregon He studied Poetry, Literature, and Physics After one semester, Jobs dropped out of school, but still attended some classes

Steves: 

Steves Jobs met Steve Wozniak shortly after they both left school while working for Hewlett-Packard “ Woz ” was an incredibly talented engineer, especially in electronic gadgets While developing a “blue box” device, Jobs convinced Woz to sell it to Berkeley students.

The Beginnings of Apple: 

The Beginnings of Apple After spending time in India in 1974, Jobs returned to America He visited with Woz the homebrew computer club, but was not content with just the creation of electronics.

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Jobs convinced Woz to help him create a personal computer, the Apple I Jobs, with marketing help from a friend, had the vision of creating a computer company that would make and sell pc’s. After showing the Apple I to in town computer stores, Jobs was able to sell 25. After selling his Volkswagon mini-bus, and asking Woz to sell his scientific calculator, the two raised enough money to create Apple Computers.

Positive Growth: 

Positive Growth From 1977 to 1983, Apple continued to grow exponentially. In 1981, IBM finally entered the personal computer market, and in just two years began to outsell Apple. After the failure of the Apple III and Lisa, Jobs needed a new computer that could compete with the IBM PC.

Microsoft and John Sculley: 

Microsoft and John Sculley In 1985, Bill Gates convinced Jobs to license the graphical user interface in the Macintosh to create Windows, which could run on IBM PC’s. As sales of the Macintosh took off, CEO John Sculley thought that Jobs was hurting Apple’s success, and gradually forced Jobs to leave.

NeXT: 

NeXT Jobs project in the late 1980’s to mid 90’s was NextStep A new computer company based on an object oriented software platform, NeXT failed first as a hardware company, then as a software company Apple similarly did very poorly in the early and mid 90’s, brought on by poor leadership and stagnating computer design

The Second Coming of Jobs: 

The Second Coming of Jobs In 1996, Apple bought NeXT, and with it came Steve Jobs. In 2000, Jobs became the full CEO of Apple, after the success of the iMac, the first computer mainly marketed for its looks.

Return to Profitability and Innovation: 

Return to Profitability and Innovation Jobs continues to innovate the computer industry, spearheading projects like the iPod, iTunes and its Music Store, and high end computer Under Jobs’ watch, Apple has entered a new phase of growth and profitability, fueled by his imagination and quest for perfection