25-08-2017, 09:32 PM
Management lesson from a tycoon – dhirubhai ambani
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Dhirubhai Childhood
Born on December 28, 1932
in chowrad,Gujarat.
Father was a school
teacher
Once he angrily told his
mother why do you keep screaming for
money? I will make heaps of money one day
During weekends he began setting up potato fries and extra money he gave to his mother
Rags to Riches
Life in Aden (1949-1958)
He joined as a clerk with a A Besse & Company. There he learn the ways of commodity trading, high seas purchase and sales, marketing& distribution, currency trading, and money management
Majin Commercial Corporation
Dhirubhai Ambani returned to India and started
“Majin” in partership with Champaklal Damini,
his second cousin. Majin was to import polyster
Yarn and export spices to yemen. But the
Partnership was ended soon.
Reliance Textiles
In the year 1962, Dhirubhai
started Reliance Commercial
Corporation with a capital of
Rs. 15000
The Primary business of Reliance commercial corporation was to import polyester yarn and export spices.
Be a Safety net for your team
Asia Times (Newspaper) Quotes:
“His People skills were
legendary”
A former Secretary Reveals:
“He was very helpful”
Knowledge that he knew
and care for his team and
always support them
Dream big but dream with your eyes open
Whenever a task seemed too
big to be accomplished, he
would reply,
“No is no answer”
It’s difficult but not impossible
his favorite phrase “Dream with your open
eyes”
Change the Orbit, Constantly!
“Orbit Theory”
There is no miracle
When we change orbit
we will create friction.
By the time we build up
in ourselves new orbit, we
should move to the next
level and so on
The Arm around the Leader Shoulder
It was Dhirubhai own style
With that one simple gesture
he managed to achieve many
things
This tendency that he had to
draw people towards him,
manifested itself in countless
ways
Theory of Supply creating Demand
He was not an MBA, nor an
economist, but he took
traditional marked theory
and stood it on its head,
and succeeded.
When everyone in India would build capacities only after a careful study of market, he went full steam ahead and created giants of manufacturing plants with unbelievable capacities.