INFECTIOUS IMPATIENCE

Reliance storm story: From Business News India

Nobody has ever built an industrial empire from textbook principles alone. Often, it is very basic guiders behind great corporate success stories. Infectious impatience is one such Mukesh Ambani's mantra, which also explains the rapid rise of Reliance.


Make money without investing INFECTIOUS IMPATIENCE. These are the two magical Reliance words that have seen it grow from a single Dhirubhai Ambani-created industrial entity into multiple megacorps, now spearheaded by split brothers Mukesh Ambani and Anil Ambani. When a company scales up to this amazing level in only few decades, it leaves you scratching for an answer: How did they make it big, this big? After all, what they did could have been done by many of their corporate rivals. The people they got, the machinery they bought, the strategy they adopted were all within the reach of many of their smaller and bigger competitors when they were at the modest level of entrepreneurial operations. What did they do differently that took them to where they are today?

For an answer, there had to be something that set them apart and it couldn’t have been anything big known in terms of strategy and approach. Most such successful companies have — we have all known — deep down one or two very basic guiding principles of operation. And, that takes them to the heights that they reach, powered by the distilled success mantra.

The stupefying attainments of Ambanis’ ventures have always intrigued industry watchers and reams have been written on what made them tick. But most seem to have missed the point that it wasn’t any big business formula, but, at times, only innocuous-sounding two-word guiders that propelled them.

Recently, after Mukesh Ambani piped Aziz Premji as the richest Indian, I was going through some archives and, while doing so, hit upon a speech that Mukesh Ambani delivered at the Stanford University. In that speech, he spoke of “infectious impatience” and how it has helped the company get the work done in half the time it would take most others to achieve.

Here was a clue to the great Reliance story. In Mukesh Ambani’s catch-phrase — “infectious impatience” — is hidden the whole company’s approach to conduct of business — how it defies the stereotype standard practices to create its own out-of-the-textbook space; how it is open to creating unspecified, own rules of the game for quickly attaining what they want to.

Impatience is an outcome of restlessness. Restlessness is the outcome of an incubated idea. Once the idea virus gets in, it leads to restlessness and action. The ideated person may even yell, shout and scream over others to actualize the conceived idea. The shouted upon person will pass it on to the others in the chain. The impatience of one person gets enlarged and, next, the entire associated work force gets reverberating and the work gets rolling faster than it would have otherwise.

While most companies — which compulsively value order, punctuality and discipline — would be loathe to tolerate such restlessness and impatience, the Ambanis saw the productive side of the seemingly negative fallouts of employee restlessness and encouraged people to get on their toes for the job. They always have this knack of breaking the mould and creating an environment for achievement, which doesn’t always follow the standard and accepted rules. That’s what has made Ambanis, Ambanis.

They see the connect between disruption and creativity and developed a system to mange it for huge gains.

Ambanis: United in ties, divided in business

Why Mr. Ratan Tata is poor then Warren Buffet..?

Why Ratan Tata isn't World's Richest Man


TATA Group is running 96 businesses and out of which 28 Companies are publically listed on the various stock exchanges. Tata Group is world’s top 50 Group according to Market capitalization and Reputation.

Have you ever thought why Ratan tata’s name is not in the list of billionaire’s club? why Ratan Tata is not a billionaire on the Forbes magazine list of billionaire people of the world?

The reason is that, TATA Group’s 96 companies are held by its main Company “TATA Sons” and the main owner of this TATA Sons is not Ratan Tata but various charitable organizations developed and run by TATA Group.

Out of which JRD TATA Trust & Sir Ratan Tata Trust are the main. 65% ownership of TATA Sons which is the key holding company of the other 96 TATA Group Company is held by various charitable organizations.

So this 65% ownership ownership of Tatasons Limited is not reflected on Ratan Tata’s personal Financial Statement but on the various charitable organizations. and this is the reason why Ratan Tata is not in the list of Billionaire club.

if we put this 65% ownership of Tata Sons in Ratan TATA’s own personal financial statement then Ratan Tata’s Net worth can become more than $70 billion. and that’s much more than the Warren Buffet’s Current Net Worth of $ 62 billion, the world’s richest person according to Forbes magazine 2008.

However, it doesn’t mean that Ratan Tata is poor. In one interviews he had told the reporter that, “I have my own Capital”. He is the chairman of Tata Group so obviously he earns lots of money every year as a bonus, remuneration and salary. However, Ratan Tata’s Net worth is not $ 1 Billion.

He is not a billionaire on paper. but in reality he is the richest person of the world. His net worth in reality is more than Bill Gates and Warren Buffet. SO the good thing about Tata Group is that, They do Charity out of their Money…

And that is the reason TATA Group has generated so much of Goodwill over last 5 generations.

Entrepreneurs that changed the face of India

Indian entrepreneurs are making waves all across the world. Indian business firms are making acquisitions abroad and spreading their tentacles in various corners of the world. Indian Entrepreneurs have proved all doomsday prophecies wrong and on the contrary have flourished under globalisation. Here is a brief profile of famous Indian entrepreneurs. The list is long and never-ending. Here are 10 of them (in alphabetical order) whose endeavours have inspired the entire nation:

1. The Great Indian entrepreneurial Spirit:
Entrepreneurship is a critical element of a growth economy, and India is poised to unlock a entrepreneurial boom through the next 10 years. The beginnings are already in place, steps have been taken in the right direction. The License Raj worked very hard for very long to kill the entrepreneurial spirit in India, but historically Indians certainly have been very enterprising. This entrepreneurial streak runs in almost every Indian. The result is before our eyes. We salute this Great Indian entrepreneurial Spirit!

2. Azim Premji:
Chairman of Wipro Technologies; Richest Indian for the past several years; Honored with Padma Bhushan in 2005. Azim Premji is Chairman of Wipro Technologies, one of the largest software companies in India. He is an icon among Indian businessmen and his success story is a source of inspiration to a number of budding entrepreneurs.

3. Dhirubhai Ambani:
Dhiru Bhai Ambani built India's largest private sector company. Created an equity cult in the Indian capital market. Reliance is the first Indian company to feature in Forbes 500 list. Dhirubhai Ambani was the most enterprising Indian entrepreneur. His life journey is reminiscent of the rags to riches story. He is remembered as the one who rewrote Indian corporate history and built a truly global corporate group.

4. JRD Tata:
He had the honor of being India's first pilot; was Chairman of Tata & Sons for 50 years; launched Air India International as India's first international airline; received Bharat Ratna in 1992. JRD Tata was one of the most enterprising Indian entrepreneurs. He was a pioneer aviator and built one of the largest industrial houses of India.


5. M.S. Oberoi:
Founder of the Oberoi Group of Hotels; Honored with Padma Bhushan in 2001, M.S. Oberoi can be aptly termed as the father of the Indian hotel industry. Rai Bahadur Mohan Singh Oberoi was among the first to recognize the potential of the tourism industry, its ability to contribute to India's economic growth and generate direct and indirect employment. He worked tirelessly to put Indian hotel industry on global tourism map.


6. Dr. Monkombu S. Swaminathan:
He is an outstanding world statesman and visionary in the agricultural and natural resources arena. Trained as a plant breeder and cytogeneticist in India, the United Kingdom, and the United States, he is acclaimed as the "Father of the Green Revolution in Asia." In India they say, "Gandhi gave us freedom, Swaminathan gave us food." He is the recipient of all three of India's civilian honors: high, higher, and highest. Dr. Swaminathan's achievements have led to dramatic increases in crop yields.


7. Narayana Murthy:
One of the founders of Infosys Technologies Limited; Chosen as the World Entrepreneur of the Year - 2003 by Ernst and Young, Narayana Murthy is the Non-Executive Chairman and Chief Mentor of Infosys Technologies Limited. He is a living legend and an epitome of the fact that honesty, transparency, and moral integrity are not at variance with business acumen. He set new standards in corporate governance and morality when he stepped down as the Executive Chairman of Infosys at the age of 60.


8. Rahul Bajaj:
Rahul Bajaj is the Chairman of the Bajaj Group, which ranks among the top 10 business houses in India. The Bajaj Group has diversified interests ranging from automobiles, home appliances, lighting, iron and steel, insurance, travel and finance. Rahul Bajaj is one of India's most distinguished business leaders and internationally respected for his business acumen and entrepreneurial spirit.


9. Sunil Mittal:
Chairman and Managing Director of Bharti Group, India's largest GSM-based mobile phone service provider; IT Man of the Year Award 2002 from Dataquest and CEO Of the Year, 2002 Award from World HRD Congress. Sunil Mittal can be called as originator of cellular phone revolution in India. He is the founder, Chairman and Managing Director of Bharti Group and runs India's largest GSM-based mobile phone service.


10. Verghese Kurien:
Known as the "father of the white revolution" in India; Winner of Ramon Magsaysay Award; Awarded with Padma Shri (1965), Padma Bhushan (1966), and Padma Vibhushan (1999). Dr. Verghese Kurien is better known as the "father of the white revolution" in India. He is also called as the Milkman of India. Dr. Varghese Kurien was the architect behind the success of the largest dairy development program in the world, christened as Operation Flood. He was the chairman of the Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF) and his name was synonymous with the Amul brand.