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| Today's Thought- The Boeing CEO |
| Friday, January 30, 2009 |
 W. James (Jim) McNerney, Jr., is chairman of the board, president and chief executive officer of The Boeing Company, effective July 1, 2005. He has served as a member of the company's board since 2001.
McNerney, 58, oversees the strategic direction of the Chicago-based, $60.9 billion aerospace company. With more than 160,000 employees, Boeing is the largest manufacturer of commercial jetliners and military aircraft, with capabilities in rotorcraft, electronic and defense systems, missiles, satellites and advanced information and communications systems.
Previously, McNerney held the position as chairman of the board and CEO of 3M, a $20 billion global technology company with leading positions in electronics, telecommunications, industrial, consumer and office products, health care, safety and other businesses. He joined 3M in 2001 after 19 years at the General Electric Company.
McNerney joined General Electric in 1982. There, he held top executive positions including president and CEO of GE Aircraft Engines and GE Lighting; president of GE Asia-Pacific; president and CEO of GE Electrical Distribution and Control; executive vice president of GE Capital, one of the world's largest financial service companies; and president, GE Information Services.
Prior to joining GE, McNerney worked at Procter & Gamble and McKinsey & Co., Inc. McNerney is a director of Procter & Gamble and serves as a trustee of Northwestern University. He serves on The Business Roundtable and the American Society of Corporate Executives. He is the former chair of The Business Council and of the US-China Business Council.
McNerney is a fellow of the American Academy of Arts and Sciences and an honorary fellow of the Royal Aeronautical Society. He is a member of The Field Museum Board of Trustees in Chicago, and is on the Northwestern Memorial HealthCare Board, where he serves on the Finance Committee.
A native of Providence, R.I., McNerney earned a B.A. degree from Yale University in 1971 and an M.B.A. from Harvard University in 1975. McNerney is married and has five children. He enjoys skiing, golf and sailing.
WYD Team
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posted by Win Your Dreams @ 8:52 AM  |
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| Today's Thought-The Adobe CEO |
| Thursday, January 29, 2009 |
 Shantanu Narayen
President and Chief Executive Officer
Shantanu Narayen is president and chief executive officer of Adobe, one of the world’s largest and most diversified software companies. Narayen’s leadership, technology insight and operational expertise have strengthened Adobe’s culture of innovation, expanded the company into new markets, and extended its product portfolio and global reach.
In 2005, Narayen co-led the $3.4 billion acquisition of Macromedia, expanding Adobe’s software platform and solutions, and strengthening the company’s presence in key markets ranging from enterprises and vertical industries to mobile devices and multimedia publishing.
Prior to his appointment as CEO in December of 2007, Narayen was Adobe’s president and COO, responsible for the company’s day-to-day global operations, product research and development, marketing and corporate development. Previously, he held key product research and development positions within Adobe, including executive vice president of worldwide products, senior vice president of worldwide product development and vice president and general manager of the engineering technology group. Before joining Adobe in 1998, Narayen was co-founder of Pictra, Inc., an early pioneer of digital photo sharing over the Internet. Prior to that, he served as director of desktop and collaboration products at Silicon Graphics, Inc. and held various senior management positions at Apple Computer, Inc. Narayen holds five patents and is a frequent speaker at industry and academic events. He serves on the Board of Metavante Technologies, Inc. and the Advisory Board of the Haas School of Business, University of California at Berkeley. Narayen holds a bachelor’s degree in electronics engineering from Osmania University in India, a master’s degree in computer science from Bowling Green State University and a master’s degree in business administration from the Haas School of Business.
WYD Team
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| posted by Win Your Dreams @ 8:12 AM |
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| Today's Thought-The Charming CEO |
| Wednesday, January 28, 2009 |
 Meg Whitman is the president and chief executive officer (CEO) of eBay, Inc., the online auction site that became one of the World Wide Web's most surprising success stories. She took over the position from its founder, Pierre Omidyar, who remains active in the company, and has guided it into a commercial enterprise on a par with Amazon.com.
Unlike other online sites, however, eBay enjoys impressive profits, thanks to its "virtual" presence. In essence, there is no warehouse, no sales staff, just a brand name and a collection of servers that connect buyers and sellers. In her posistion at eBay, Whitman is the first woman to become a billionaire thanks to stock holdings in an Internet company, and she freely admits that she learns as she goes. "Every week, there is a different set of issues, a different challenge, something new to think about," she told Business Week writer Robert D. Hof. "Probably at least a couple times a week, I go, 'Huh! I didn't know that.'"
Abandoned medical school dreams
Margaret "Meg" Whitman was born in 1957, the youngest of three children. She came from a well-to-do clan with ties to some of Boston's oldest families, and grew up in Cold Spring Harbor, a posh waterfront community in Long Island, New York. Her father, Hendricks, had his own loan business. Her mother, also named Margaret, was a homemaker, but when Whitman was in her teens her mother traveled to China as part of a women's delegation that had been invited for a visit. This was in the early 1970s, and the Asian nation had been closed to foreigners for many years until that point. Though Whitman was still in high school, her mother's achievement was an important part of her life. "When my mother came home after this great adventure," Whitman recalled in an interview with Christian Science Monitor journalist Patrick Dillon, "she told me what this experience taught her. She realized she could do anything she wanted and she wanted me to recognize that I could do the same."
"We're a different company every three months. I ask myself from top to bottom, do we have the right people in the right place at the right time ...? I even ask myself if I'm the right person for the right time."
Whitman was a talented athlete in high school, serving as captain of her swim team. She also played field hockey, lacrosse, and basketball. She entered Princeton University in 1973, just a few years after it began admitting undergraduate women for the first time. Planning on becoming a doctor, like many academic successes in high school she was tripped up by her organic chemistry class, among other courses. "I took calculus, chemistry, and physics my first year," she explained to Fast Company writer Charles Fishman. "I survived. But I didn't enjoy it. Of course, chemistry, calculus, and physics have nothing to do with being a doctor, but if you're 17 years old, you think, This is what being a doctor is going to be about."
Whitman found her niche at college when she took an advertising sales job for a student magazine. She switched her major to economics, and after graduating from Princeton in 1977 went on to another Ivy League school, Harvard, where she earned a master's degree in business administration. In 1979 she was hired at Procter & Gamble, the Cincinnati, Ohio-based household and personal care products maker. One of her colleagues in the brand management department was Steve Case (1958–), who later founded America Online (AOL).
Most Unusual eBay Sales
August 1999: Auction for human kidney reached a bid of $5.7 million before eBay removed it for violating sales policy.
Continue Reading here...
WYD Team |
| posted by Win Your Dreams @ 8:28 AM |
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| Today's Thought-The Renault's CEO |
| Tuesday, January 27, 2009 |
 Carlos Ghosn was born to Lebanese parents in 1954, in Porto Velho, a remote city of the Amazon basin in Brazil. He moved to Beirut with his mother when he was 6.
Under Lebanon's French protectorate, he completed his secondary school studies at a Jesuit school in Beirut. He then entered the elitist French Ecole Polytechnique in 1974 from which he graduated in engineering with a specialization at the Ecole des Mines in Paris in 1978.
Ghosn has French citizenship.He started his working career with French tire company Michelin, becoming plant manager in 1981 at the firm's Le Puy location. Subsequently, Ghosn expanded the Michelin's research and development branched between 1984 and 1985.
On top of being fluent in six languages, his knowledge of the Latin American market led Michelin to name him Chief Operating Officer in Latin America, then Chairman and CEO of Michelin North America.After his success with Michelin, Ghosn joined French automaker Renault in 1996 as executive vice president, where he was put in charge of supervising Renault activities in Mercosur (Southern American trade block).
From 1999 on, Ghosn managed the progressive involvement of Renault in Nissan Motors, which was undergoing financial turbulence at the turn of the century. In 2001 he was crowned Nissan's C.E.O. A year after his arrival, Nissan climbed from a $6.1 billion loss to a $2.7 billion net profit.
Today, Nissan is one of the most profitable car manufacturing companies in the world with a net margin above 7.5 percent.In 2005, Ghosn became C.E.O. of Renault, replacing Louis Schweitzer, and he was recently been approached by a few General Motors shareholders to become GM's new CEO. But talks broke off without any commitment from either side.
Ghosn about globalisation approach : Click here
Ghosn about car design and conception : Click here
WYD Team
Barrons.com List |
| posted by Win Your Dreams @ 9:18 AM |
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| Today's Thought-The GE Guy |
| Friday, January 23, 2009 |
 Jeffrey Immelt became the ninth Chairman of General Electric in 2001. He began working at General Electric in 1982 and rose through the ranks to become the CEO almost twenty years later.
Jeffrey Immelt was born on February 19, 1956 in Cincinnati, Ohio and grew up in a household already under the watchful eye of General Electric. His father worked for the General Electric Aircraft Engines Division and undoubtedly influenced Immelt's vision for the company. As a boy, Immelt enjoyed sports and exhibited strong leadership skills both in and out of the classroom. He went on to study applied mathematics at Dartmouth College where he became president of his fraternity, Phi Delta Alpha.
During college Immelt worked in the Ford Motor assembly plant over the summers until his graduation in 1978. He worked for Procter & Gamble for a brief period before attending graduate school at Harvard University. Immelt graduated with an MBA from Harvard in 1982 and immediately took a job at General Electric. Although he started working at the corporate office in Fairfield, Connecticut, Jeffrey Immelt was eventually moved to the office in Dallas where he met his future wife, Andrea Allen. They married in 1986.
Jeff Immelt worked his way up from district sales manager to vice president of GE Appliances. When he arrived at the division in 1989, Immelt was faced with the recent recall of millions of refrigerators as a result of failed compressors. His tact and managerial skills earned him the respect of the workers during this difficult time and he was known for giving memorable motivational speeches at the factory from a forklift.
Following his success at the Appliances division, Immelt moved to the GE Plastics division in 1992. Although he failed to meet financial goals, Immelt continued to help GE grow as a company. He moved to the Medical Systems division and was named presiden t and CEO of that division in 1997. GE Medical Systems (GEM) needed financial guidance and under the supervision of Immelt, GEM became one of the world's most influential and successful medical-imaging companies. Immelt helped lead GEM's revolutionary mammogram technologies into mainstream medical care and brought the world's fastest CAT-scan machine to the marketplace. With his overwhelming success, Immelt gained recognition both inside and outside of the company. With the impending retirement of the acclaimed CEO Jack Welch, Immelt became one of a half dozen candidates for the position.
By 2000, the list had been narrowed down to three people and Immelt was a clear favorite. GE announced Immelt's selection as CEO on November 27, 2000.
Immelt fought pressure to sell off divisions of GE and focus on core products, saying that each one of GE's companies was a part of a collective whole. Immelt helped keep GE afloat during scandals and financial crises in a post-9/11 America, giving him a difficult first year as CEO. Despite the hardships, Immelt continued to grow the GE brand and revolutionize the internal structure of the company. He kept managers in divisions longer so they could feel the consequences of their decisions whether good or bad. He also revived GE's old Schenectady lab in New York and renamed it the Global Research Center where scientists experiment with everything from nanotechnology to hydrogen power. Immelt felt that GE needed to diversify it's holdings even more and helped build a new multi-media division that included cable-television channels.
For the first few years as GE CEO, Jeffrey R. Immelt focused on using technology better, diversifying management within the company, and reaching the consumer in order to connect with their needs.
WYD Team |
| posted by Win Your Dreams @ 9:05 AM |
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| Today's Thought-The Godrej Story |
| Thursday, January 22, 2009 |
 There’s more to Adi B Godrej, chairman, The Godrej Group, than business. Reema Sisodia finds out that the man has travelled to over 70 countries and is an adventure sports enthusiast.
His secretary for the past 33 years describes him as a man who respects punctuality, who is impeccably organised with a table that is never clustered, who is clear in thought, prompt in decision making — “someone who is constantly open to feedback”.
Plus, it must be added, Adi Godrej, doyen of the Godrej group, never stops learning. Consider this: Godrej has a pedigree which boasts of Pirojsha Godrej (the man who built the Godrej empire), Burjor Godrej (his father plus prime inspiration) and Naval Godrej (his business guru), but the man himself is finding new truths even from children, especially his grandsons.
Also, it was his two daughters who helped him recognise the importance of new-age fundamentals like team bonding and managing emotions. Says Godrej, “You can learn so much from the present generation and from your juniors. I must admit that it was my grandson who actually instilled the attribute of patience in me, which has helped me significantly to perform better at work. He has taught me things in management that no business school or management book can ever teach.”
The interior of the office reflects the man. The ambience is staid and white, sans any garishness, the decor simple yet modern symbolising the makeover of the group post-liberalisation. Godrej swears by change, technology and growth in the global economy. He says, “The challenge of the future is to use our brand image and success, while simultaneously creating a modern, efficient, young and consumer-centric organisation which can create a momentum of growth in the future.” But his motto - ‘sales is vanity, profit is sanity and cash is reality’ - remains unchanged.
Godrej believes that every organisation needs to benchmark itself with global players. The company already receives 10 per cent of its revenue from operations outside India and aims to increase it to around 25 per cent over a 10-year period.
On people who have impressed him, he rates former United Kingdom prime minister Margaret Thatcher, GE CEO Jack Welch and industrialists JRD Tata and Dhirubhai Ambani. The writings of Welch have greatly appealed to Godrej. “I was lucky to meet the man and see the manner in which he managed GE. Apart from him, Margaret Thatcher awed me by the way she changed the face of Britain. On the Indian scene, JRD Tata was an institution in himself who I admired tremendously, while Dhirubhai Ambani, who was also my neighbour, left a lasting impression on me.”
 To add another facet to a multi-faceted personality, Godrej is also a sports enthusiast, albeit with a difference. He avoids group sports like cricket or football and is mostly into adventure sports. Water sports, wind surfing, water skiing with the family, especially in the Mumbai shores, is for him a much-needed break. If not that, it would be bridge. Another all time high for him is paragliding.
Though “there is no place like home”, with operations spread over 50 countries worldwide and representative offices in Malaysia, Singapore, Vietnam, Oman, Sri Lanka, Bangladesh, etc travel naturally plays a major role in Godrej’s life. He travels most often to Europe, America and Far East. If time permits, he enjoys exploring surrounding regions and cities and intriguingly, likes to do it on foot.
“If I am on business and have a weekend free, I just walk around new destinations. It is something I enjoy doing. My passion for travel has taken me to around 70 odd countries. I have made friends in various nations, understood many new cultures and experimented with numerous cuisines.”
But the biggest thrill is still in the office in Mumbai. “I look forward to the challenge of yet another Monday morning at work. I enjoy every day spent here,” says Godrej.
WYD Team |
| posted by Win Your Dreams @ 8:16 AM |
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| Today's Thought-The Salesforce Story |
| Wednesday, January 21, 2009 |
 Marc Benioff is chairman and CEO of salesforce.com. He founded the company in 1999 with a vision to create an on-demand information management service that would replace traditional enterprise software technology.
Benioff is regarded as the leader of what he has termed "The End of Software," the now-proven belief that multi-tenant, cloud computing applications democratize information by delivering immediate benefits at reduced risks and costs.
Under Benioff's direction, salesforce.com has grown from a groundbreaking idea into a publicly traded company that is the market and technology leader in enterprise cloud computing. For its revolutionary approach, salesforce.com has been lauded as one of BusinessWeek’s Top 100 Most Innovative Companies, named No. 7 on The Wired 40, and selected for the past two years as a Top Ten Disrupter by Forbes.
The product has won the Software & Information Industry Association Codie Award for Best CRM for the past six years, and the Codie Award for Best On-Demand Platform in 2007, as well as multiple “Editor’s Choice” designations from PC Magazine.
Benioff has been widely recognized for pioneering innovation with honors such as the 2007 Ernst & Young Entrepreneur of the Year, the SDForum Visionary Award, Alumni Entrepreneur of the Year by the University of Southern California (USC) Marshall School of Business, and being ranked No. 7 on the Top 100 Most Influential People in IT survey by eWEEK, and one of the Top 10 Greatest IT Chief Executives by VNU. He was appointed by President George W. Bush as the co-chairman of the President’s Information Technology Advisory Committee and served from 2003-2005, overseeing the publishing of critical reports on health care information technology, cybersecurity, and computational sciences.
Throughout his career, Benioff has also been committed to using information technology to produce positive social change. In 2000, he launched the Salesforce.com Foundation—now a multimillion-dollar global organization—establishing the “1/1/1 model,” whereby the company contributes one percent of profits, one percent of equity, and one percent of employee hours back to the communities it serves.
Benioff authored The Business of Changing the World, in which 20 great leaders reveal how businesses can go beyond writing a check and leverage the full scope of their resources to make a difference. Compassionate Capitalism, also authored by Benioff, is the first-ever best-practices guide for corporate philanthropy that illustrates the success of the integrated model.
Acknowledging his commitment to building partnerships between business and society to improve the state of the world, the members of the World Economic Forum named Benioff as one of its Young Global Leaders, and in 2007 the Committee Encouraging Corporate Philanthropy presented Benioff with the coveted Excellence in Corporate Philanthropy Award. In 2008, for his thought and action leadership in corporate responsibility, CRO Magazine named Benioff CEO of the Year.
Prior to launching salesforce.com, Benioff, a quarter century veteran of the software industry, spent 13 years at Oracle Corporation from 1986-1999. In 1984, he worked as an assembly language programmer in Apple Computer’s Macintosh Division. He founded entertainment software company Liberty Software in 1979 when he was 15 years old. Benioff received a Bachelor of Science in Business Administration from the University of Southern California in 1986.
WYD Team |
| posted by Win Your Dreams @ 9:17 AM |
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| Today's Thought-Yahoo's new Captain |
| Tuesday, January 20, 2009 |
 WHO is Carol Bartz? This week Yahoo!, a huge but floundering internet company, appointed her as its new boss. Ms Bartz is one of only a few women at the top in Silicon Valley, now that the female bosses of Hewlett-Packard and eBay have departed. She is also a weathered Valley veteran. She ran Autodesk, a software company based just north of San Francisco, for many years. She sits on the boards of technology giants such as Cisco and Intel; she used to work at Sun Microsystems and DEC; and she has a nice house and garden in Atherton, the Valley’s swankiest suburb. A very safe choice, it would seem.
Too safe, some say. Ms Bartz, at 60, is strikingly old to be running a “Web 2.0” company that, along with Google and Facebook and the rest, needs street cred among college-age kids like Ms Bartz’s own daughter, Layne. The first computer that Ms Bartz touched was a punched-paper-tape IBM 1620 in 1967, the sort that Yahoo!’s programmers today might have read about in the palaeontology module of their computer-science curriculum.
Then there is the matter of her experience. Autodesk is a successful but smaller company (about half the size of Yahoo!) that sells software to architects and engineers to help them visualise underground sewers, skyscrapers or aeroplanes in three dimensions. This has nothing whatsoever to do with consumer e-mail, web search or financial news, with online advertising or page views—in short, with Yahoo!.
Ms Bartz takes over from Jerry Yang, Yahoo!’s co-founder, who stepped in as chief executive in June 2007 when Yahoo! was already in crisis. Mr Yang made things worse by rebuffing Microsoft, which wanted to buy Yahoo! last year for $33 a share, a valuation that now evokes nostalgia (its shares are trading around $12). Mr Yang will return to his previous role of “chief Yahoo” and will remain on the board; his number two, Susan Decker, having been passed over for the top job, will depart. The well-connected Ms Bartz knows Mr Yang, since they both sit on Cisco’s board. Might she be so close to Mr Yang that she will not want to risk offending him by putting Yahoo! through the wrenching pain it needs?
In fact, none of this reveals much about Ms Bartz as a leader, nor about the real reason why Yahoo!’s board chose her. Her main qualification is that Ms Bartz has been tested in life as few people in Silicon Valley have. Her trials have turned her into a hardened, disciplined, occasionally ruthless, but often inspiring boss—exactly the sort of leader, it could be argued, that Yahoo! now desperately needs.
She was born in Minnesota but lost her mother when she was a child, so her grandmother raised her in a small town in Wisconsin. This early setback appears to have left Ms Bartz with insecurities that would forever motivate her to achieve. She became a homecoming queen and a mathematics star in high school. She worked her way through college by serving cocktails, maintaining a Spartan exercise regime in order to fit into the uniform—a red miniskirt and black fishnet stockings.
Ms Bartz then went to work at 3M, one of America’s blue-chip companies, in the 1970s. But when she requested a transfer to headquarters, she was told that “Women don’t do these jobs.” She walked straight out of 3M and into the computer industry. Eventually this led to her big break, when she was appointed chief executive of Autodesk. But there was a catch.
Just as she began her new job, Ms Bartz was diagnosed with breast cancer. She was 43 at the time, and decided to fight on all fronts. She took a single month off work for a mastectomy and reconstruction, and then went back to her new job full-time, while having chemotherapy for seven months on the side. She defeated her cancer, gained weight and lost it again, and launched Autodesk into a period of astonishing growth.
WYD Team |
| posted by Win Your Dreams @ 8:46 AM |
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| Today's Thought-One of the Youngest CEO's |
| Sunday, January 18, 2009 |
 At 39 years, Francisco D'Souza, the India-origin chief executive of software firm Cognizant Technology Solutions, is one of the youngest CEOs in America, running an American public company that is worth at least $500 million.
The latest among a slew of honours for this young business honcho is a mention in business magazine Forbes' updated list of '21 youngest CEOs at USA's biggest companies.'
'Francisco D'Souza, 39, heads what is now the largest public company run by a 40-or-under CEO, though his $5.7-billion Cognizant Technology Solutions is dwarfed by the $16.9-billion Yahoo!.' Forbes said. 'D'Souza has been an officer at Cognizant for 11 years now, chief executive since 2007, and chief operating officer since 2003, when he was a mere 33.'
All the chief executives named in the list are in the age group of 34 to 40 years. 'They are the youngest people running the biggest companies in America. As they have gotten this far already, keep an eye on them in the future,' Forbes said in an accompanying report.
D'Souza
took over from Lakshmi Narayanan, who became vice-chairman of the board. At the time, D'Souza was also inducted into the board.
In an interview he gave before he became CEO, he shared his views on how businesses become and remain profitable. "Cognizant choose the customer-centric, relationship-driven model right from our founding and we have built upon it. The outcome of this model is that we service a limited number of customers and provide increasing value as we grow those relationships. The fact that we serve our customers deeply is reflected in the ratio of relationship managers and client partner to be higher than our sales professionals," he said.
D'Souza is a person of Indian origin, born in Nairobi, Kenya. Since his father was a diplomat with the Indian Foreign Services, he has lived in and travelled to many different countries. He has an MBA from Carnegie-Mellon University and was a 2004 Ernst & Young Entrepreneur of the Year finalist. He also won the Economic Times Entrepreneur Award in 2005.
At Cognizant, which he joined in its early days, D'Souza oversees much of the operations and business development of the company. He has earned a total compensation of $ 1,777,883.00, according to Forbes.
Forbes also noted that the most experienced and seasoned old CEOs have to make hard-nosed decisions and endure intense scrutiny during tough times.
'Young CEOs may find themselves under an even brighter spotlight, thanks to their supposed inexperience. But at least they have plenty of time ahead of them to correct any errors -- and possibly move on to even bigger things,' it added.
WYD Team
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| posted by Win Your Dreams @ 4:53 PM |
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| Today's Thought-The HCL Story |
| Friday, January 16, 2009 |
 In 1976, during lunch time at Delhi Cloth Mills, DCM, a group of six young engineers in the office canteen were discussing their work woes at DCM's calculator division. Despite them all have having jobs that paid them well, they were an unhappy lot -- they wanted to do more, riding on their own gumption. They decided to quit their jobs and start a venture of their own. The man who was fuelling the ambitions of his five other colleagues at that canteen was a 30-year-old engineer from Tamil Nadu, Shiv Nadar. And this is how the story of Hindustan Computers Limited, HCL began.
Nadar and his five colleagues quit DCM in the summer of 1976. They decided to set up a company that would make personal computers. They had gathered enough technical expertise at DCM's calculator division, but like for all start-ups, getting funds was the problem.
However, Nadar's passion for his new dream company and the support of his enthusiastic colleagues soon made the task very easy.
Founder, Chairman and CEO, HCL Technologies, Shiv Nadar told CNBC-TV18, "The first person I met was Arjun and he was also a management trainee like me. He was a couple of batches junior to me. . . We became very good friends and we are still very good friends. Then, the rest of them all worked for DCM and we all are of similar age, so we used to hang out together, crib together, have fun together, work together.
Nadar would first have to gather cash to give wings to his idea of manufacturing computers. He floated a company called Microcomp Limited -- through which he would sell teledigital calculators. This venture threw up enough cash to allow the founders to give shape to their ultimate dream to manufacture computers in India, at a time when computers were just sophisticated cousins of the good old calculator but support also came from the Uttar Pradesh government. Finally, the founders put together Rs 20 lakh (Rs 2 million) and HCL was born.
The year after HCL was floated, the Indian government reigned in the ambitions of the foreign companies in India. This pronounced the death knell of companies like IBM and Coca-Cola while bells began to ring for Indian entrepreneurships like HCL.
Managing Editor, The Smart Manager, Dr Gita Piramal says, "Few Indian businessmen were happy when George Fernandes became industry minister in 1977, when the Janata Party came to power. Foreign businessmen were even less happy that Coca-Cola and IBM left India. IBM's leaving, left a major vacuum and this was the vacuum in which Shiv Nadar spotted an opportunity. He stepped in and customers began to trickle in."HCL started shipping its in-house microcomputers around the same time as its American counterpart Apple, and took only two more years to introduce its 16 bits processor.
By 1983, it indigenously developed a relational data based management system, a networking operational system and client-server architecture, almost at the same time as its global peers. The road to the top was now in sight and HCL took it a step further by exploring foreign shores.
HCL's first brush with international business came about in 1979 when it set up a venture in Singapore; it was called Far East computers. HCL was only three years old and its net worth was around Rs 3 crore (Rs 30 million). Shiv Nadar set up an ambitious target for the venture and notched up sales of Rs 10 lakh (Rs 1 million) in the very first year.
Co-Founder, HCL Technologies, Ajai Chowdhry says, "We discovered that there was a good opportunity to enter Singapore with our own hardware we had manufactured in Singapore. But the strategy was very clearly around selling computerization rather than computers and so we actually took the whole idea of hardware, software solution and service and packaged it and presented it as computerization."Even as it was basking in its success in Singapore, HCL planned a whole new area of expansion and it tapped into a territory that was lying unexplored in the country - computer education. Sensing the increasing demand for computer training, HCL set up NIIT in 1981 to impart high quality IT education in India.
Read More... WYD Team |
| posted by Win Your Dreams @ 7:32 PM |
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| Today's Thought-Success of KFC |
| Wednesday, January 14, 2009 |
 Colonel Sanders otherwise known as Harland Sanders, was the founder of Kentucky Fried Chicken and it's famous seasoned chicken. Although he was always a cook, Harland, later known as the Colonel, didn't harness his talent for commercial use until he was over 40 years of age.
Harland Sanders was born on September 9, 1890 in Henryville, Indiana to a butcher, Wilbert Sanders, and a homemaker, Margaret Ann Dunleavy. At the age of six, Sanders lost his father and was forced to help his mother care for his younger siblings. Even at his young age, Sanders helped cook and quickly mastered regional recipes to the delight of his family.
A few years later, when Sanders was in the seventh grade, he dropped out of school to further care for his family. Although he worked at nearby farm for a while, his mother remarried in order to support the family and Sanders was forced to relocate to suburban Indianapolis. Sanders did not get along with his new stepfather and moved to Clark County, Indiana soon thereafter.
He worked as a farmer, then a streetcar driver, and eventually enlisted in the Army to spend a year in Cuba. He married Josephine King in 1908 with whom he had three children. Their marriage ended in 1947.
When he moved back to Indiana, Sanders worked as a steamboat driver and eventually helped on the railroad. During his time with the railroad, Sanders began taking a correspondence course with Southern University in order to earn his law degree. With the help of local officials, Sanders was able to complete his studies and practice law from 1915 into the 1920s in Little Rock, Arkansas. His law career ended when he physically fought a client in the courtroom so Sanders decided to move to Corbin, Kentucky and open a service station.
After interacting with hungry customers, Sanders decided to begin serving meals to travelers who stopped at his place for gas. Since there was no formal restaurant or eating area at the station, Sanders served food from a table at the station's living quarters. Serving families and travelers gave Sanders the idea of creating meals that people could take with them; entire Sunday dinners that were ready to eat and easy to carry.
As his popularity grew and people got word of his cooking, and especially his chicken, Sanders moved his operation to a nearby motel that could seat 142 people. Sanders worked as a chef in his own kitchen and began perfecting this fried chicken recipe. In 1935, after his cooking had become very well known around the state, Governor Ruby Laffoon granted him the title of Kentucky Colonel. As a result of this title, Sanders began dressing like a "southern gentleman" and calling himself the Colonel as a matter of self-promotion.
Over the next twenty years he perfected his fried chicken recipe of 11 herbs and spices and made use of pressure frying the chicken in order to speed service. By 1956, however, Sanders was broke. The government has built a new highway that bypassed his Corbin store, causing the sale price to plummet. Sanders, living off of Social Security, took his cooker and his spices and traveled to restaurants to convince them to pay him to use his recipe. Smaller restaurants were willing to pay him a small fee for every chicken sold and, by 1960, Sanders had over 400 "franchises".
Sanders sold his brand in 1964 but continued to work as the spokesman for Kentucky Fried Chicken. During his retirement he gave much of his profit away to charities and even adopted 78 foreign orphans. He passed away from leukemia on December 16, 1980 in Kentucky. A museum was erected in his name at the KFC headquarters in Louisville.
WYD Team |
| posted by Win Your Dreams @ 10:24 AM |
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| Today’s Thought-The Hilton Hotel Group |
| Tuesday, January 13, 2009 |
 The Hilton name is synonymous with hotels. Conrad Hilton (1887-1979) bought his first hotel at the age of 31 and acquired or built dozens more in his life time. Through shrewd financing and bargaining, Hilton created one of the largest hotel chains in the world.
The son of a hard-working Norwegian immigrant father and a devout Catholic mother, Conrad Nicholson Hilton grew up in the small mining town of San Antonio, in the New Mexico Territory. Hilton, known as Connie, was born December 25, 1887 to August and Mary Laufersweller Hilton. He was the second oldest of eight children and the oldest son. August Hilton was a trader and a prominent citizen of San Antonio. He owned a general store and, at various times, he also owned or operated the town's post office, bank, telegraph office and a small hotel. Hilton grew up among these businesses. Later in life, he said he learned about hard work from his father and about prayer from his mother-two lessons that remained with him throughout his life.
Hilton attended Goss Military Institute, New Mexico Military Institute, and St. Michael's College. At one point, the family moved to Long Beach, California, "because we were rich," Hilton said in his autobiography, Be My Guest. But soon after moving, August Hilton lost a lot of money in an economic downturn and the family returned to San Antonio.
The Hiltons lived in a large house across from the railroad station. As the family grew, August Hilton added rooms onto the house. When the children began leaving home, August got the idea of renting rooms to boarders for $2.50 a day. Conrad Hilton and his brothers walked to the railroad station where they would greet visitors and carry their luggage back to the boardinghouse. This was Hilton's introduction to the hotel business. Before long, the family was back on its feet and the boardinghouse was abandoned.
At the age of 21, Hilton took over management of his father's store and began sharing in the profits. He soon became frustrated with his lack of autonomy and began thinking about another career. In 1912, New Mexico became a state and Hilton was elected to the state legislature as a Republican. He worked in the legislature for two terms before leaving out of frustration with red tape and underhanded deals.
Hilton returned to San Antonio and raised $3,000 to start a bank. When the United States entered World War I, Hilton sold the bank and enlisted in the army, where he served in France in the Quartermaster Corps. In 1919, Hilton was discharged, following his father's death in a car accident. Hilton went back to San Antonio to take charge of his father's businesses.
August Hilton's empire had shrunk. He'd lost the mercantile business during the war, when it became difficult to obtain merchandise. Having seen other parts of the world, Hilton didn't want to stay in San Antonio. He was 31 years old and was anxious to make his own way.
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| posted by Win Your Dreams @ 9:32 AM |
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| Today's Thought-The Walt Disney Story |
| Monday, January 12, 2009 |
 During a 43-year Hollywood career, which spanned the development of the motion picture medium as a modern American art, Walter Elias Disney, a modern Aesop, established himself and his product as a genuine part of Americana. David Low, the late British political cartoonist, called Disney "the most significant figure in graphic arts since Leonardo DaVinci."
A pioneer and innovator, and the possessor of one of the most fertile imaginations the world has ever known, Walt Disney, along with members of his staff, received more than 950 honors and citations from every nation in the world, including 48 Academy Awards and 7 Emmys in his lifetime. Walt Disney's personal awards included honorary degrees from Harvard, Yale, the University of Southern California and UCLA; the Presidential Medal of Freedom; France's Legion of Honor and Officer d'Academie decorations; Thailand's Order of the Crown; Brazil's Order of the Southern Cross; Mexico's Order of the Aztec Eagle; and the Showman of the World Award from the National Association of Theatre Owners.
The creator of Mickey Mouse and founder of Disneyland and Walt Disney World was born in Chicago, Illinois, on December 5, 1901. His father, Elias Disney, was an Irish-Canadian. His mother, Flora Call Disney, was of German-American descent. Walt was one of five children, four boys and a girl.
Raised on a farm near Marceline, Missouri, Walt became interested in drawing at an early age, selling his first sketches to neighbors when he was only seven years old. At McKinley High School in Chicago, Disney divided his attention between drawing and photography, contributing both to the school paper. At night he attended the Academy of Fine Arts.
During the fall of 1918, Disney attempted to enlist for military service. Rejected because he was only 16 years of age, Walt joined the Red Cross and was sent overseas, where he spent a year driving an ambulance and chauffeuring Red Cross officials. His ambulance was covered from stem to stem, not with stock camouflage, but with drawings and cartoons.
After the war, Walt returned to Kansas City, where he began his career as an advertising cartoonist. Here, in 1920, he created and marketed his first original animated cartoons, and later perfected a new method for combining live-action and animation.
In August of 1923, Walt Disney left Kansas City for Hollywood with nothing but a few drawing materials, $40 in his pocket and a completed animated and live-action film. Walt's brother, Roy 0. Disney, was already in California, with an immense amount of sympathy and encouragement, and $250. Pooling their resources, they borrowed an additional $500, and constructed a camera stand in their uncle's garage. Soon, they received an order from New York for the first "Alice Comedy" featurette, and the brothers began their production operation in the rear of a Hollywood real estate office two blocks away.
On July 13, 1925, Walt married one of his first employees, Lillian Bounds, in Lewiston, Idaho. They were blessed with two daughters: Diane, married to Ron Miller, former president and chief executive officer of Walt Disney Productions; and Sharon Disney Lund, who served as a member of Disney's Board of Directors and passed away in 1993. The Millers have seven children and Mrs. Lund had three.
Mickey Mouse was created in 1928, and his talents were first used in a silent cartoon entitled "Plane Crazy." However, before the cartoon could be released, sound burst upon the motion picture screen. Thus Mickey made his screen debut in "Steamboat Willie," the world's first fully-synchronized sound cartoon, which premiered at the Colony Theatre in New York on November 18, 1928. Walt's drive to perfect the art of animation was endless. Technicolor was introduced to animation during the production of his "Silly Symphonies." In 1932, the film entitled "Flowers and Trees" won Walt the first of his 32 personal Academy Awards. In 1937, he released "The Old Mill," the first short subject to utilize the multiplane camera technique. Read More...
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| posted by Win Your Dreams @ 9:06 AM |
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| Today's Thought-The Samsung Story |
| Friday, January 9, 2009 |
Jong Yong Yun Samsung
At first glance, Yun Jong Yong might not look like much of an innovator. He has been with Samsung Electronics Co., one of the most conservative of South Korea's chaebol , for 37 years. He was made chief executive in 1997 not because of any great vision but because he had the skills to get Samsung out of a bad mess: As prices of computer chips tumbled, the company was barely avoiding losses.
However, Yun, 59, has made Samsung one of the world's fastest-growing brands, selling feature-packed digital gadgets and state-of-the-art chips. The company has a market capitalization of $57.7 billion. Sales in 2003 are expected to reach $36 billion. Profits are expected to be just over $5 billion, a 15% decline from 2002 because of a sharp drop in chip prices, but analysts predict that profits could top $7.5 billion in 2004.
Yun went on an efficiency campaign, shutting factories for weeks to cut inventories, slashing the workforce by one-third, and selling off dozens of noncore divisions. In a radical move, he pulled Samsung appliances off the shelves of discounters Wal-Mart Stores and Target in favor of electronics chains such as Best Buy and Circuit City Stores. "Our future will depend on our brand equity," says Yun. "If we keep selling low-end products, it damages our corporate image."
Yun's goal now is to make Samsung the leader in the age of digital convergence by offering networked home-electronics gadgets. "You must constantly change and adapt to a new environment," Yun says. Spoken like a true innovator.
Key Accomplishments
-- Cemented Samsung's global leadership in the memory-chip business by grabbing nearly two-thirds of the market for NAND flash memory, a technology mainly used in removable cards that store large music and image files.
-- Samsung displaced Motorola as the second-largest maker of cell phones in terms of value, but it remains No. 3 in volume.
Brief BiographY
Education 1988 Graduated from MIT Sloan School Senior Executive Course 1966 Graduated from Seoul National Univ., B.A.in Electronics
Career 1999 Vice Chairman & CEO,SAMSUNG Electronics Co.,Ltd. 1996 President & CEO,SAMSUNG Electronics Co.,Ltd. 1995 President & CEO,SAMSUNG Japan Headquarters 1993 President & CEO,SAMSUNG Display Devices Co.,Ltd. 1992 President & CEO,SAMSUNG Electro-Mechanics Co.,Ltd. 1991 President & Representative Director,Consumer Electronics Business Group 1990 Vice President & Representative Director,Consumer Electronics Business Group 1988 Vice President, Electronics Group 1966 Entered The SAMSUNG Group
Awards 2000 Asia's Businessman of the Year (Fortune) 2000 The Top 25 Managers of the Year (Business Week) 1999 The Prize for The Most Successful CEO in Korea (Korea Management Association) 1998 Outstanding Achievement in Management (IIE) 1995 The Prize for The Honorable Engineering Alumnus Graduated from Seoul National University. 1992 Gold Medal for Contribution to Industry by the Government 1990 Bronze Medal for Contribution to Industry by the Government
Others Chairman of The National Academy of Engineers
WYD Team |
| posted by Win Your Dreams @ 8:54 AM |
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| Today's Thought-The Virgin Story |
| Thursday, January 8, 2009 |
Growing Up Branson dropped out of school in 1967 at the age of 16 and started a magazine called Student. He hoped it would be a forum for politically-minded youth. He soon was publishing essays and interviews from such figures as Jean-Paul Sartre, James Baldwin, Alice Walker, and Robert Graves. Despite such a roster of great minds and literary figures, the magazine never made money and seemed bound to fail.
Starting the Business Branson began marketing his next idea in the pages of Student; selling albums at a reduced rate through the mail. It rapidly became a more profitable business than the magazine itself. The staff of Student suddenly found themselves the employees of the Virgin discount record store. "Virgin" because no one had been in business before. Virgin had been going strongly but it was discovered Branson was dodging his tax payments. He was arrested and jailed.
Building an Empire An out-of-court settlement was reached and, determined to keep the balance sheets carefully, Virgin Records was founded in 1973. Mike Oldfield's progressive "Tubular Bells" was the first record released through Virgin and became an international success. But, it was the signing of the Sex Pistols to his label in 1977 that truly established Virgin Records. Though the Pistols broke up soon after, Virgin became the largest indie label in the world. Bands like the Rolling Stone, Peter Gabriel and UB40 were signed to Virgin.
Over the next six years, Branson started over fifty different companies encompassing everything from filmmaking to air conditioner cleaning. Though he was making more than $17 million dollars from his various companies collectively, Branson insists that money is not the motivation behind his involvement in so many ventures. Rather, he enjoys attempting to do something more effectively than those who have tried before him.
In 1984, Branson started Virgin Atlantic Airlines - a company that would prove to be a great challenge as well as the cause of financial distress. Branson ignored discouraging comments that told him he could never compete with British Airways, and to look to the example of those who had failed before. The reason being that he had observed how airline companies did not look after their customers adequately enough -- so he would be the one to bring affordable and enjoyable flights to the public. Virgin Air was immediately recognized for its service and luxury. In-flight massages, hydrotherapy baths and seat-back video screens were all part of the experience on-board a Virgin aircraft.
With fuel prices having doubled in the early '90s, terrorist attacks making people afraid to fly, and BA launching a campaign to put Branson out of the airline business, Virgin Atlantic struggled to stay afloat. Branson was forced to sell Virgin Records in order to raise enough money to keep Virgin Atlantic and pay off his creditors. The sale of the company that gave him his start was a crushing blow.
From this point on, Branson developed a new approach to business called "branded venture capital". Through this method, Branson licenses the well-known Virgin name and logo in exchange for a controlling interest in the venture. Consequently, Branson has his company's name fixed to more than 200 different companies, among which are Virgin Bridal, Virgin Publishing, a blimp company and a modeling agency.
WYD Team |
| posted by Win Your Dreams @ 8:39 AM |
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| Today's Thought- The Steel Man |
| Wednesday, January 7, 2009 |
 Lakshmi Mittal
The London-based, Rajasthan born steel baron is the Chairman and CEO of Mittal Steel Company and the world’s 3rd richest man.Lakshmi Narayan Mittal also known as Lakshmi Niwas Mittal is a billionaire industrialist, born in Rajasthan, India in 1950.
Lakshmi graduated from St. Xavier’s College in Calcutta where he received a Bachelor of Commerce degree. He later married Usha Mittal, and had a son and daughter.Mittal began his career working in the family’s steelmaking business in India, and has over 30 years of experience working in steel and related industries.
Mittal founded the company Mittal Steel (formerly the LNM Group) in 1976 and has been responsible for the development of its businesses ever since. Mittal Steel is a global steel producer with operations in 14 countries. Mittal pioneered the development of integrated mini-mills and the use of Direct Reduced Iron or “DRI” as a scrap substitute for steelmaking and led the consolidation process of the global steel industry.
Mittal Steel is the largest steelmaker in the world, with shipments of 42.1 million tons of steel and profits of over $22 billion in 2004.Mittal was awarded Fortune magazines “European Businessman of the Year 2004” and also “Steelmaker of the Year” in 1996 by New Steel, and the “Willy Korf Steel Vision Award” in 1998, for outstanding vision, entrepreneurship, leadership and success in global steel development from American Metal Market and PaineWeber’s World Steel Dynamics.
In 2002 he was involved in a political scandal with British Prime Minister Tony Blair, when a donation he made to the Labour party led to Blair's intervention in a business deal flavoring Mittal, it was announced later he donated £2 million to the Labour Party. Mittal is an active philanthropist and a member of a few trusts.
Mittal is a member of the Foreign Investment Council in Kazakhstan, the International Investment Council in South Africa, the World Economic Forum’s International Business Council and the International Iron and Steel Institute’s Executive Committee.
He is a Director of ICICI Bank Limited and is on the Advisory Board of the Kellogg School of Management in the U.S. In March 2005, Forbes Magazine named him the 3rd richest man in the world and the richest non-American, with an estimated wealth of US$25 billion.
He is the wealthiest person in Britain. His house in Kensington, bought in 2003 for $128 million is the most expensive house ever purchased. He also paid upwards of $55 million to host his daughter's wedding celebration in Versailles in 2004.
WYD Team
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| posted by Win Your Dreams @ 8:15 AM |
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| Today's Thought-The McDonald's Story |
| Tuesday, January 6, 2009 |
Ray Kroc was the mastermind behind the worldwide McDonald's fast food franchise. He bought the fledgling restaurant chain in 1955 and grew it into the largest, most influential fast food chain in the world.
Ray Kroc was born on October 5, 1902 to Czech-Americans in Chicago, Illinois. At the age of four, Kroc's father took him to phrenologist, a person who determines fate based on the shape of someone's skull. The Phrenologist told young Ray Kroc that he would someday work in food service. But, as the first World War erupted, Kroc became interested in learning how to drive ambulances for the war effort instead. The war, however, ended before he had a chance to test his training and Kroc looked elsewhere for employment. During the late 1950s, Kroc tried his hand at selling paper cups and even worked as a pianist for a short period of time before settling into a position as a milkshake machine salesman. He traveled around the country and sold milkshake machines to various different cafes and restaurants, all the while observing the layout and management of the industry. Kroc was convinced that many restaurants suffered from poor management and were not living up to their potential. It was during this time that he ran across a small hamburger restaurant in San Bernardino, California named McDonald's.
 The restaurant, owned by the McDonald brothers, Richard and Maurice, ran eight of the same milkshake machines sold by the fifty-two year old Kroc. Since each machine could spin five milkshakes at once, Kroc was intrigued by the idea of a restaurant that needed the ability to make forty milkshakes at a time. He traveled to California and, upon seeing the orderly, efficient restaurant that served a huge community, Ray Kroc was convinced he could sell the machines to every McDonald store that opened.
In order to capitalize on the venture, Kroc approached the brothers with a business plan and they eventually settled on a deal. As a result of the partnership, however, Kroc would receive only 1.4% of the franchisees' profit, giving 0.5% to the brothers. It didn't take very long for Kroc to realize that his profit would be minimal. So, in order to gain access to more of his investment, Ray Kroc convinced the brothers to sell him the rights to the McDonald's name.
Kroc envisioned a restaurant that ran like a factory and produced hot food, fast service, and with consistent quality no matter where he opened a restaurant. He saw food preparation as a process and broke it down into steps that could be duplicated in any of his restaurants. This way he could keep the product the same no matter where the McDonald's was located.
Low franchise fees made it easy to open new stores but cut into any potential profits for Kroc. As a result, Kroc decided to purchase the land on which McDonald's would open and ultimately serve as a landlord. He set up the Franchise Realty Corporation in 1956 and was able to purchase tracks of land in order to help him produce a profit for his company. By 1960 there were over 200 McDonald's around the United States.
Kroc saw his franchise as a way to sell as service, not food. After all, Big Boy, Dairy Queen, and A&W were already established restaurant chains. Ray Kroc needed McDonald's to stand out. Consistency was the key and he made sure that every McDonald's ran the same. He established national advertising campaigns to support his restaurants and took the brand international in 1971 to Japan and Germany.
Ray Kroc died on January 14, 1984 of old age. At the time he was worth an estimated $500 million.
WYD Team
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| posted by Win Your Dreams @ 8:50 AM |
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| Today's Thought- The MicroSoft CEO |
| Monday, January 5, 2009 |
 Steve Ballmer is the Chief Executive Officer of the Microsoft Corporation, one of the world's leading software development companies. Microsoft is best known for its Windows operating system for personal computing devices and the Microsoft Office Suite.
Steven Anthony Ballmer was born in Detroit, Michigan on March 24th, 1956. His father was a Swiss immigrant who worked as a manager at the Ford Motor Company and his mother was a Jewish American. Raised with academic values, Ballmer graduated from Detroit County Day School in 1973 (where he now sits on the board of directors). While there he managed the school's basketball team and graduated as valedictorian.
With a perfect score of 800 in the mathematical section of the SATs, he was accepted into Harvard where he befriended Bill Gates, the man who eventually created Microsoft. Although Ballmer was interested in business and Gates prone to computer programming, they seemed to make a good match.
While in college, Steve Ballmer sold ads for the Harvard Crimson, managed the football team, and worked on the Harvard Advocate. After graduating magna cum laude in 1977 with a degree in applied mathematics, Ballmer joined the staff at Procter & Gamble to work as an assistant product manager. Despite his success working on publicity campaigns such as Duncan Hines Brownie Mix, Ballmer decided to return to school for his MBA after two years with the company. He quickly enrolled in Stanford Graduate School of Business.
After his first year at Stanford, Steven Ballmer decided to head up to Seattle to take a job with Microsoft for the summer. At the time Microsoft had only 23 employees and a total of $12.5 in annual sales. After a summer of work, Gates managed to convince Ballmer to quit school and work for Microsoft full time. They agreed on a salary of $50,000 and 7% ownership of the business. Ballmer never went back to Stanford.
As the first business manager hired by Bill Gates, Ballmer took control of employee pay scales and managed to double the number of employees. While Gates continued to work on the evolution of the software industry, Ballmer focused on building a greater financial structure for the company.
Over time Steve Ballmer headed various divisions within the company such as Operating Systems Development, Sales and Support, and Operations. With his strong work ethic and equally intensive management, Gates promoted Ballmer to President in July of 1998. Two years later he was named Chief Executive Officer when Gates resigned from the position. Although Bill Gates still maintains control over the "technological vision", Ballmer now controls the overall operations of Microsoft.
Ballmer sold of 8.3% of his stocks in 2003 but still maintains control over 4% of Microsoft shares. The same year saw Ballmer replacing Microsoft's employee stock option program with a stock grant program.
Steve Ballmer, a Detroit Pistons fan (NBA basketball team), has been happily married to Connie Snyder since 1990 and is the proud father of two sons. He is described as a funny, focused, passionate, sincere, and dynamic man that has infused Microsoft with energetic leadership and vision over his time with the company.
WYD Team |
| posted by Win Your Dreams @ 7:32 AM |
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