BUSINESS

Role Model is the one which can motivate you and guide your thinking to the aim which is common in you and your role model. Though I want to be a good enterpreneur but at the same time I want it to be done in such a manner that it makes me feel that whole or a part of society is also growing with me and for this reason some famous personalities like Dhirubhai Ambani,Jamshedji Tata,Bill Strickland are my role models.They not only had ideas which can be profitable for them but also for the people around them.

Mr. Dhirubhia Ambani brough the “EQUITY CULT “ in the Indian capital market.He was from a small village in Jamnagar,Gujrat,and after establishing his textile plant he made Reliance’s IPO public and convinced rural Gujrat to invest.He was expedient for the enterpreunership in a developing country like India.He thought raising funds from the public would be better than borrowing heavily from financial institutions.At that time he quickly realised the need of textile market in India and increasing demand of spices in foreign countries.He knew that he can have a MONOPOLY in the Indian market resulting him a good amount of profit.He held the view that it is unavoidable to ignore relations with politicians, bureaucrats ,be it a high rank official or as low as peon.But he brought the work culture that India had never seen.I think that he altogether changed the corporate culture of India.He introduced “OPEN GATE SYSTEM” which made even a peon to have a face to face talk with chairman of Reliance.He had such an interactive power taht he was able to convince around four million citizens,mostly MIDDLE CLASS to invest their hard earned money in Reliance. I think he gave valuable techniques which are still valid in the present scenario.

On the other hand.Jamshedji Tata,had the vision of his own.Initiating the business plan at the time when India was not independent needs very tactful and innovative mind.He was so good in studies that his school,Elphinstoone college in Bombay,refunded his school fees.After join ing his family business,he went to hong kong,where he had to set his one firm.During this he made all the neccessory contacts for further business.He started the cotton mill where he applied those labour policies which were rare in those days.He hired his managers carefully, and instituted policies that gave workers training, guaranteed pensions and tips, medical care, accident compensation, and daycare for women employees who had children. Another idea Tata was noted for was his suggestion that India make use of the extremely heavy seasonal rainfall that occurred each year in parts of the country to create hydroelectric powerthat would fuel factories in Bombay. Tata was notable for his willingness to adopt innovations and use them to improve not only his business but the lives of Indian people. He also made innovation part of his daily life. He was the first man in India to use rubber tires on his carriage, and the first to drive an automobile in the city of Mumbai.