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ANALYSIS OF ENTREPRENEURIAL SKILLS OF RAHUL BAJAJ INDIVIDUAL ESSAY 2014 Jackson and Gretchen (1994) assert that entrepreneurship is concerned with assembly of resources by a firm by a person known as entrepreneur and the end result is production of goods and services. In this report, I have selected Rahul Bajaj who is Chairman of Bajaj Group which today is considered as among the top ten business groups in India. The objective of this report is to analyze triggers and blocks in the entrepreneurial journey of Rahul Bajaj through application of Burns (2011) framework: Rahul Bajaj is one of India's renowned industrialists and is internationally respected for his business expertise and entrepreneurial character. …show more content…
Entrepreneurs in the market usually follow consultative style of leadership but Rahul Bajaj do not believe in delegation of decision making authority. This is unique because it result in timely decisions and consistency is also ensured. He has good motivational skills and believe in team working and motivate employees also to give their best to the organization. Personal characteristics and traits The characteristics that are responsible for success of Rahul Bajaj in the market consist of his business acumen, his spirit to take risks and his tenacity to work hard despite failures. Sometimes it result in blocks also for him as he work on his own gut feeling but as he has good knowledge of market, he is able to overcome all the hurdles in his way. His business acumen can be seen from the fact that he started using collaboration of Kawasaki to produce two wheelers but when the market was deregulated in 1991, he invested into manufacturing of two wheelers itself. He invested in indigenous technologies so that the company is able to avoid dependency on any other company for future
The first chapter of Charan’ s book is titled “What Jack Welch and Street Vendors Share.” Charan says that CEOs and street vendors both completely understand the “universal law of business” therefore, when it comes to running a business, CEOs like Jack Welch and fruit vendors in developing third–world countries think and talk in a similar manner. Charan says these people all have a business acumen that allows them to work with the idea that every business is the same, no matter what product or service they create and to see through the complexities of their businesses, whether internal or
The first one was built in 1968 by a Mr. Alan Thieme in Bridgeport, Michigan. Mr. Thieme created this front wheel drive scooter to assist a family member with multiple sclerosis regain some of their independent mobility.
This final paper discusses a business leader who has developed incredible traits in the area of leadership. The leader in this particular business has shown time after time that his leadership skills have proven anything short of success. Amazon.com is the leading e-commerce companies out there in the worldwide market today. Amazon was established and founded by savvy business man Jeff Bezos in ’95.
Company Overview: Bayerische Motoren Werke AG (BMW) is a German holding company and automobile manufacturer that focuses on the automobile and motorcycle markets worldwide. Franz Josef Popp founded the company in March 1916. BMW is headquartered in Munich, Bavaria, Germany. It also owns and produces Mini cars, and is the parent company of Rolls-Royce Motor Cars. BMW produces motorcycles under BMW Motorrad. It divides its activities into the three main segments: Automobiles, Motorcycles and Financial Services. Its BMW automobile range encompasses the 1 Series, including three-door, five-door, coupe and convertible models; the 3 Series, including sedan, touring, coupe and convertible models; the brand new 4 series, featuring an only coupe design; the 5 Series, available in sedan and touring models; the 6 Series, available as a coupe or convertible; the 7 Series large sedan; the Z4 roadster and coupe; the sports utility vehicles, X3, X5 and X6 and M models, such as M3, M5 and M6. It has producing, assembly, service and sales subsidiaries throughout the world. For the sake of this project, I will be focusing on BMW’s automobile range mentioned above but specifically the 3 series line. The BMW 3 series proves to be the most profitable line due to its relatively low cost and affordability whilst featuring the thrill and power of a German engineered vehicle.
[6] Kripalani, Majeet & Egnardio, Pete. The Rise Of India. Business Week Online. December 8, 2003. http://www.businessweek.com/magazine/content/03_49/b3861001_mz001.htm
In 1944, Kia Motors Corporation of Seoul, Korea, was founded as a manufacturer of steel and bicycle parts (Kia.com). During the early1950’s, the company changed its name officially to Kia Industries and began production of Korea’s first bicycle (Kia.com). In 1957 Kia began producing Korean’s first motor scooter, the C-100 (Kia.com). Korea’s first truck, the K-130 was introduced in 1962 (Kia.com). In 1971, the Titan, a 4-wheel cargo truck was produced (Kia.com).
“If you don’t build your dream, someone else will hire you to build theirs”. Such was the thought of a person with fiery instinct who laid the foundation of India’s biggest private sector conglomerate – Reliance Industries.
TaxiForSure was one of the most promising start ups of India, but then suddenly it went from riches
Rakesh Jhunjhunwala is known as India’s most successful investor and trader of this era. It will quite interesting to have a look at the success story of how is made 8000 crore from Rs.5000.
The “Sugar King of Asia”, Mr Robert Kuok Hock Nien is a billionaire businessman who is origin from Malaysia. He is well-known not only in Malaysia, but throughout the global commerce industry. Since 2002, he has been the richest man in Southeast Asia upon his success in sugar business (Tan, 2014). He is a very humble man, and he prefers to live a simple life. He avoids media attention as he prefers a low-key life. In fact, he only had two interviews in the public throughout his entire career. As we know, Mr Kuok owns multiple companies in various fields and most of his businesses are managed by him or his family members. His business interests involve many aspects, which are sugarcane plantation, sugar refinery, oil and mining, flour milling,
and the National Highways Authority of India. In every forum, he painstakingly explained and demonstrated the
When Ratan Tata retired he was hailed as the backbone,the man who significantly enhanced the Tata group in terms of global footprint,profit,turnover and stock market value. Needless to say that his career would become the subject matter of courses in years to come in business schools.
With both mechanical advantage and automatic features the rider gets full control to handle the scooter swiftly.
So the leader I have chosen is Mukesh Ambani who is the Managing Director and Chairman of RELIANCE INDUSTRIES LIMITED (RIL). Reliance Industries Ltd. is an Indian multinational conglomerate operating in various sectors in and outside India. Founded in 1966, RIL is based in Mumbai, Maharashtra. RIL deals in miscellaneous industries such as construction, energy, petrochemicals, communications, science and technology, healthcare, textiles, retails, natural
An entrepreneur is a person who organizes and manages a business undertaking, assuming the risk for the sake of profit. According to Martin (2010) an entrepreneur sees an opportunity which others do not fully recognize, to meet an unsatisfied demand or to radically improve the performance of an existing business. To have self-belief that this opportunity can be made real through hard work, commitment and the adaptability to learn the lessons of the market along the way. For example, When an almost bankrupt security company was offered to her, Datuk Maznah Hamid and her husband, who were eager to change their ordinary life, took the plunge and sacrificed RM5,000 of their saving. Only then she realized that apart from managing the operation, she also had to be a manager, a clerk, an accountant and a receptionist. To grow their business, they had to sell their house and moved to a slum that came without electricity. But she persevered. Today, it’s difficult to find someone who has never heard of Securiforce.