Sunday, June 7, 2009

Dr. Reddy is the founder of the Apollo Hospital Group, India's first corporate hospital group.

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As it has been observed from myriad examples on the strategies and success of Andhra entrepreneurs, there is a certain common thread that runs through them. Most of these companies are floated by first generation entrepreneurs. But then, “while personal initiative and purposeful behaviour are viewed as good starting points of an entrepreneurial effort, many such initiatives fail. The archetype successful entrepreneurs are supposed to epitomise achievement motivation which facilitates the creation and development of enterprises in competitive environments,” says a market analyst. Certainly when an individual makes his initiative achievement orientated and visioning has a strong bearing on what it produces, one sees the creation of altruist enterprises. The perspective of that entrepreneur, a merchant adventurer, balances out imperfections in the market. For instance, Dr. Pratap C Reddy can be called an altruist–entrepreneur of that kind. Dr. Reddy is the founder of the Apollo Hospital Group, India's first corporate hospital group. He revolutionised the whole health care scenario in India and inspired others to follow the suit. Today, India has over 750 corporate hospitals all over the country. And it all started when two decades ago, Dr. Prathap C Reddy lost a patient who couldn't make it to Texas for an open heart surgery. Ironically it was this incident that urged Dr. Reddy to give up his successful practice in the US to return to India in the early eighties and create a world-class medical infrastructure in India, more accessible and affordable to the common people of the country.

However, the anticlimax of the success story of Andhra entrepreneurs is somewhat bitter. In fact, ever since the Satyam-Maytas fiasco saw light in December 2008 and the arrest of K S Raju of NFL, came to fore, AP businessmen are in the news for all the wrong reasons. Hyderabad is acquiring a bad reputation, so much so, that on the day when B Ramalinga Raju made his confession, six of the Top 10 losers in the stock exchange were from Hyderabad!


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Source :
IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and
Arindam Chaudhuri (Renowned Management Guru and Economist).

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