DHIRUBHAI AMBANI A SUCCESSFUL ENTREPRENEUR

Ambani was born on 28th December 1932 in Gujarat, British India. The rags to riches story began

when Ambani began his career in 1950s at a Yemeni firm. He had moved to Yemen at the age of

16, after completing his matriculation. He came to Mumbai in 1958 to start his own business.

After some time he went into textiles and opened a mill in Naroda industrial area in Ahmedabad.

He established Reliance Industries in 1966. Today the company consists of more than 85,000

employees and is the provider of approximately 5 percent of India’s Central Government’s total

tax revenue. Ambani is credited for building Reliance from scratch to become one of the biggest

companies in the private sector. He diversified his business to include petrochemicals,

information technology, telecommunications, power, energy, capital markets, infrastructure

services, retail, logistics and textiles. He developed the brand Vimal; which is now a household

name in India.

Dhirubhai Ambani revolutionized capital markets in the country by appealing to millions of

retail investors to invest in the market which was previously controlled by financial

organizations. Those who invested in the company earned millions. Reliance Industries was a

stock market favorite. It was the first company in India that raised money in international

markets and the first to be listed in the Forbes 500 list. Ambani created this vast business empire

in only two decades. It was under his visionary management and guidance that the Reliance

Industries turned out to be the biggest conglomerate in Indian history. There is no other Indian

company that can match the growth rate of the Reliance Group. It is a living example of

Ambani’s invincible willpower, perseverance and unrelenting dedication to his objectives.

TRANSFORMATIONAL LEADERSHIP STYLE OF DHIRUBHAI AMBANI

It is the perfect way of supporting leadership style of Mr. Dhirubhai Ambani leadership qualities

as this theory focuses on creating the higher levels of commitment and motivation among the

followers. Ambani concentrated in generating vision for Reliance industries and higher values

and ideals of followers. Mr. Dhirubhai Ambani succeeded in creating a feeling of justice, loyalty

and trust among the followers and loyal customers who believed him during the initial years of

his successful business journey. He was a perfect example for transformational leader as he

always transformed the fortunes of businesses in which he entered and succeeded. The trust and

loyalty feelings which he generated in his loyal customers helped him in achieving the desired

goals of Reliance industries and also he build the long lasting relationships with the political

governing bodies of India. The political aspects play an important role in any business processes

of any country. The companies need to have trusted and clean relationships with the political

parties for aisle free business operations which Mr. Ambani always had to run Reliance business

activities in India.

N.R NARAYANA MURTHY A SUCCESSFUL ENTREPRENEUR

N.R Narayana Murthy, is an Indian industrialist, software engineer and none of the seven

founders of Infosys Technologies, a global consulting and IT services company based in India.

He is currently the non-executive Chairman and Chief Mentor of Infosys. He was the CEO of the

company for 21 years, from 1981 to 2002. N.R Narayana Murthy took Infosys to great heights.

Infosys became the first company in India to make its place in the American stock exchange in

the year 1999.

He was born into a Kannada Madhva Brahmin family in Mysore, India on August 20, 1946. He

completed his graduation in electrical engineering from the National Institute of Engineering,

University of Mysore in 1967.He completed his master’s degree from IIT Kanpur in 1969.He

worked at IIM Ahmedabad as chief system programmer on a time-sharing system and designed

and implemented a BASIC interpreter for ECIL(Electronics Corporation of India Limited).

After IIM Ahmedabad, he joined Patni Computer Systems in pune. Before moving to Mumbai,

he met his wife Sudha Murthy in pune. She was an engineer working at Tata Engineering and

Locomotive Co. Ltd. (Telco, now known as Tata Motors) in Pune. In 1981, he founded Infosys

with six other software professionals. He was the president of the National Association of

Software and Service Companies, (NASSCOM) India from 1992 to 1994. He is rated as the

Global Leader of 2009.

TRANSFORMATIONAL LEADERSHIP STYLE OF N.R NARAYANA MURTHY

Transformational leadership is a leadership when one or more persons engage with others in such

a way that leaders and followers raise one another to higher levels of motivation and morality.

Murthy believes that by providing superior infrastructure to their staff, they can get the best out

of their programmers. Murthy became the CEO of Infosys and served the company for 20 years.

He resigned from his post in the year 2006 to be succeeded by Nandan Nilekani who is a co-

founder of the company.

Narayana Murthy distributed the company’s profits among the employees through a stock-option

program, and adopted the best corporate governance practices. All this earned him praise and

respect. In 1999, the company became the first Indian firm to be listed on the NASDAQ Stock

Market. In 2000, Infosys was poised to become a true global company.

Narayana Murthy is not one of those typical corporate bosses. He does not flaunt any costly

suits, flashy automobiles, throw star-studded parties or have a high-flying lifestyle. He is quiet,

unassuming, humble, soft-spoken and much like the elderly man living next door. But he is the

the most admired business leader of India among business schools across the country for the fifth

year in a row.

We have a rule in our company that at the age of 60, people relinquish their executive positions.

If the board of directors, in their meeting , decide that I should continue as non-executive

chairman for whatever term, I will be thrilled and privileged to continue in that capacity, he said

in his interview.

A man of few words and more of action, Murthy's name is synonymous with Infosys. He dared

to think big and differently and has succeeded where only a few have as a true mentor. The only

reason he is successful today because he dared to think different and had forsaken a promising

career to start an IT company. His strength was his courage, his decisiveness, his will to take a

decision quickly and face its consequences. An honest and passionate leader, Narayana Murthy

was a real communist in terms of sharing his wealth with his co-workers. It was Murthy's

business strategy to give employees stock options as a means of retaining talent. . It was a

gamble that has indeed paid in real terms and has indeed benchmarked Infosys in corporate

India.

Apart from being a chief of a company, Naryana Murthy is also admired for being a socially

responsible individual. This led to the birth of Infosys Foundation, a philanthropic arm of the

company in 1996. The foundation, run by his wife Sudha Naraya Murthy, is focussed on

supporting and encouraging the underprivileged sections of society.

A man who "prefers action any time", Murthy has constantly courted trouble with his strict

adherence to value systems which he never compromises on. Committed to cause of education,

Murthy rejects the idea of job reservation in private sector and feels that caste should not a

criterion for a job.

He once said, When, one day, you have made your mark on the world, remember that, in the

ultimate analysis, we are all mere temporary custodians of the wealth we generate, whether it be

financial, intellectual, or emotional. The best use of all your wealth is to share it with those less

fortunate.

CONCLUSION

With the emergence of new challenges in the corporate world the need of an effective leader

have increased. Leaders are given priority in the corporates so that the functional working in the

organization can be optimized to its fullest. Leaders are given training and development sessions

under which various organizational and team related aspects are covered. In today’s world, it is

difficult to imagine an organization working smoothly without the support of effective leaders.

Leaders shows the pathway through which he team players can be motivated and strived to attain

the desired organizational goals. The presence of leaders are essential for the survival of the

corporates in the competitive world. Leaders not only stands for the employees of the

organization in respect to their operational working but also guides and supports them (with

appropriate level of nurturing) to face the upcoming global competitive challenges of the market.

Leaders are the true drivers of change in the corporate world. They bring change, implement

them and also maintain the culture through which the change will be consumed in a positive

sense by the employees of the organization. There are many qualitative aspects been determined

and formulated by the experts all over the world through which the effectiveness and the

efficiency level of the leaders can be enhanced. Many Business Leaders (In India and whole

world across) have set exemplary example of practicing the best of leadership practices in the

corporate world. Globalization have open the gateways of open communication and discussion

over the issue of enhancement of Leadership Perspectives in the organization.

With challenges all around, the need of effective leaders have increased considerably in the

corporates and only good leaders will sustain in this competitive environment for a longer

duration of time and for this effective discussions are needed on a worldwide platform.