IIPM Ranked No. 1 B-School In Global Exposre - Zee...
The Ambanis made their first million importing polyester and selling them across western India.
Take the first strategy of grabbing new opportunities. America is awash with examples of how entrepreneurs booked early tickets on sectors that were about to take off. Bill Gates, Craig Barrett, Sam Walton & even Donald Trump are examples. In India, Tulsi Tanti of Suzlon, Baba Kalyani of Bharat Forge & Deepak Puri of Moser Baer are representative of how intrepid entrepreneurs with great ideas and the audacity to move quickly can capture markets and imagination. Reliance has been doing this for more than three decades. When the polyester industry was virtually non-existent in India, it was Reliance that gambled big time on the synthetic fibre. The Ambanis made their first million importing polyester and selling them across western India. In due course of time, they emerged as the market leaders in virtually every segment of the market related to polyester. Mukesh Ambani has done something similar with telecom by launching the CDMA services that virtually turned the Indian telecom market upside down. Anil Ambani, who inherited the telecom business post the split, continues to do the same.
The second strategy that successful corporations and entrepreneurs have adopted across the world is to think big, and really big. In the early decades of the 20th century, when cars were still a novelty & luxury, Henry Ford decided to manufacture cars that can be purchased by even workers in his factory. Thus was born Model T. Ford, which still remains the enduring symbol of American manufacturing might and the assembly line mode of production. Back in the late 1970s, when his rivals like Nusli Wadia of Bombay Dyeing were thinking of ‘thousand tonne’ capacities for petrochemical intermediates, Dhirubhai Ambani was planning a million tonne plant! Like father, like son. When Mukesh Ambani planned a petroleum refinery, he successfully peddled the idea of a 60 million tonne plant to stakeholders and investors! Even in Reliance Retail, though the project has been going through rough patches of late, the sheer scale of Mukesh’s ambitions was… well, audacious. He wants Reliance Fresh to contribute 2% to India’s GDP and scale up to $25 billion in revenues in just three years! He spoke in the shareholder conference declaring Q2 results, “Our investments in E&P, organised retail & development of SEZs will be cornerstones for future growth.”
For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).
Read these article :-
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus
ZEE BUSINESS BEST B SCHOOL SURVEY
For More IIPM Info, Visit below mentioned IIPM articles.
1500-plus IIPM students placed across the country with 44 bagging international offers
IIPM set to beat economic slowdown
IIPM, GURGAON
IIPM - Admission Procedure
IIPM awards four Bengali novelists
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
» IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs
IIPM makes business education truly global-Education-The Times of ...
The Ambanis made their first million importing polyester and selling them across western India.
Take the first strategy of grabbing new opportunities. America is awash with examples of how entrepreneurs booked early tickets on sectors that were about to take off. Bill Gates, Craig Barrett, Sam Walton & even Donald Trump are examples. In India, Tulsi Tanti of Suzlon, Baba Kalyani of Bharat Forge & Deepak Puri of Moser Baer are representative of how intrepid entrepreneurs with great ideas and the audacity to move quickly can capture markets and imagination. Reliance has been doing this for more than three decades. When the polyester industry was virtually non-existent in India, it was Reliance that gambled big time on the synthetic fibre. The Ambanis made their first million importing polyester and selling them across western India. In due course of time, they emerged as the market leaders in virtually every segment of the market related to polyester. Mukesh Ambani has done something similar with telecom by launching the CDMA services that virtually turned the Indian telecom market upside down. Anil Ambani, who inherited the telecom business post the split, continues to do the same.The second strategy that successful corporations and entrepreneurs have adopted across the world is to think big, and really big. In the early decades of the 20th century, when cars were still a novelty & luxury, Henry Ford decided to manufacture cars that can be purchased by even workers in his factory. Thus was born Model T. Ford, which still remains the enduring symbol of American manufacturing might and the assembly line mode of production. Back in the late 1970s, when his rivals like Nusli Wadia of Bombay Dyeing were thinking of ‘thousand tonne’ capacities for petrochemical intermediates, Dhirubhai Ambani was planning a million tonne plant! Like father, like son. When Mukesh Ambani planned a petroleum refinery, he successfully peddled the idea of a 60 million tonne plant to stakeholders and investors! Even in Reliance Retail, though the project has been going through rough patches of late, the sheer scale of Mukesh’s ambitions was… well, audacious. He wants Reliance Fresh to contribute 2% to India’s GDP and scale up to $25 billion in revenues in just three years! He spoke in the shareholder conference declaring Q2 results, “Our investments in E&P, organised retail & development of SEZs will be cornerstones for future growth.”
For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).
Read these article :-
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus
ZEE BUSINESS BEST B SCHOOL SURVEY
For More IIPM Info, Visit below mentioned IIPM articles.
1500-plus IIPM students placed across the country with 44 bagging international offers
IIPM set to beat economic slowdown
IIPM, GURGAON
IIPM - Admission Procedure
IIPM awards four Bengali novelists
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
» IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs
IIPM makes business education truly global-Education-The Times of ...
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