Mukesh Ambani brings Big change in Reliance, makes new rule for top leadership, it will help to…, employees will now…
New Delhi: In a major move, Mukesh Ambani, Reliance Industries Chairman, has set an eye contact policy for the company’s top leadership. Talking exclusively to McKinsey & Co, Mukesh Ambani said, “The principle is: Can you survive the worst-case scenario? You first think about what the worst-case scenario could be, and then you plan to survive through it. This has been one of my core principles.”
He added, “Nearly 30 or 40 years ago, I decided that another principle I must personally follow is to look into the eyes of any employee. At Reliance, we tell our leadership that making eye contact is important because that’s when you convey your honesty.”
We will do what is right:
He further said, “I believe we can present all our principles before our top 100 leaders by saying, ‘These are our principles. We will do what is right.’ Whatever we do, we should be able to look each other in the eye and say that we are not ashamed. This is how we have built our institutional culture. And this institutional culture is our best insurance against any kind of risk.”
Mukesh Ambani Talks About His Father:
In an interview, Mukesh Ambani said, “My father used to say that if you want to start a business just to become a billionaire, you’re a fool; you’ll never get there. But if you start a business that impacts a billion people, you have a good chance of being successful — and as a result, you may earn significant wealth.” Ambani added, “This is in the DNA of Reliance. We will figure out where to get what we need to achieve our goals — as long as we have the right talent and the right target.”
He further said, “We have a saying: if you focus on the obstacles, you will never reach your goal; but if you focus on the goal, you will overcome all the obstacles.”
The Company Took a Big Risk in the Form of Jio
Responding to a question about risk in business, he said, “We have always taken big risks, because for us, scale matters. The biggest risk we’ve taken so far was Jio. At that time, it was our own money that we were investing, and I was the majority shareholder. The worst-case scenario was that it might not work financially, because some analysts believed that India wasn’t ready for the most advanced digital technology. But I told my board that in the worst case, we might not make high returns — and that’s okay because it’s our own money. But even then, as Reliance, it would be the greatest act of philanthropy ever done in India, because we would have made India digital — and in doing so, we would have transformed the country.”
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