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As my father was privileged to have witnessed in 1947, independence of India from Britain, I was privileged to have seen in 1991 India embracing economic reforms that liberated our country's entrepreneurial energies. These two transitions set India on the path of development and had a profound on the world both political economic terms.
Mukesh Ambani
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The first 200-odd people who built Patalganga with me are still around, running different businesses. It has gone into their psyche that we do things differently here. We have taken money from ordinary Indians and we are their trustees. When this is drilled into thousands of people, you automatically get performance.
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When we started work on setting up a polyester filament yarn project, my chemical engineering and business school background helped me in organizing the work, creating reporting structures, motivating people... in all this, my father and Rasikbhai were two steps ahead of me.
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We tried to create an open environment. In today's language, we created SOPs and SOCs (standard operating procedures, standard operating conditions) so that everybody was on the same page. We wanted an organisation where everybody contributes but the business is not dependent on a few individuals
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People first want to spend money on food — that is common across the world. The second, in India, is education. In many parts of the world, it comes way down the list of priorities. So, there is a huge opportunity.
Mukesh Ambani
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The Treaty of India is that all our billion people count and they have aspirations.
Mukesh Ambani
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A leader is only recognized when he can resolve all differences. My father had the veto power over all decisions and that veto power is mine. But in the last ten years, he never used his veto power. He would say, once you have fired you gun you no longer have the bullet with you... My father's biggest legacy was his leadership. He used to say, a leader must have followers. Respect can not be demanded. I have to get others to say what I want to say.
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The food market is much bigger than the software services market. And the money goes straight into the hands of millions of farmers. The spinoffs are enormous — jobs, houses, durables, a whole new consumption boom will start in rural areas.
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We only have a superficial knowledge about the true rural India — the power structure, how to operate in tehsils, what are their true concerns, etc. But we think we can significantly change purchasing power and how we live. That's what motivates us
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I am a big believer that technology shapes mankind.
Mukesh Ambani
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Broadband and digital services will no longer be a luxury item - a scarce commodity - to be rationed amongst the privileged few,
Mukesh Ambani
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From a million people, it will benefit 10 million people. If that is what has happened in software, imagine what will happen in agriculture.
Mukesh Ambani
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We offer to protect their savings in a job here. If you earn $100,000 a year there, you also spend $80,000 and save $15,000-$20,000. We say, if you work for us in India, we will ensure you save $15,000 dollars a year and are part of something exciting without a loss to you.
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Our own childhood was totally different. I guess when you are left on your own, you find your true potential. I remember my father never came to our school even once. Nevertheless, he was hugely interested in our all-round development for which he did some amazing things.
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Even the managers. It was all a feudal style of management. If we had accepted that style, we would not have grown. It was simply not a scalable model. Of course, the easiest thing would have been to follow it. But we had a disruptive style of management. So we said, 'we don't want people carrying their wisdom in notebooks as if it is some kind of secretive operation.'
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One of my biggest obsessions today is that senior people must give bright 25-year olds the opportunity to contribute meaningfully.
Mukesh Ambani
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Quote of the day
Nobody ever did anything very foolish except from some strong principle.
William Lamb, 2nd Viscount Melbourne
Mukesh Ambani
Creative Commons
Born:
April 19, 1957
(age 67)
Bio:
Mukesh Dhirubhai Ambani is an Indian business magnate who is the chairman, managing director and largest shareholder of Reliance Industries Limited, a Fortune Global 500 company and India's second most valuable company by market value.
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