Insights on Corporate Leadership and Management Practices by Dr. Pankaj Kumar
Explore leadership quotes, styles, and the importance of mission and vision statements in corporate and political settings. Learn about autocratic and democratic leadership styles, and delve into the concepts of transactional vs. transformational leadership. Discover the significance of mission statements as the roadmap for achieving the company's vision. Gain valuable insights into effective leadership strategies and practices from the perspective of Dr. Pankaj Kumar.
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Corporate Leadership By: Dr. Pankaj Kumar Associate Professor Department of Management Studies DCRUST, Murthal
Mission A mission statement clarifies what the company wants to achieve, who they want to support, and why they want to support them. On the other hand, a vision statement describes where the company wants a community, or the world, to be as a result of the company's services. Thus, a mission statement is a roadmap for the company's vision statement. v/s Vision
Vision of Some Companies LinkedIn: Create economic opportunity for every member of the global workforce. Southwest Airlines : To be the world's most loved, most efficient, and most profitable airline. Nike: Bring inspiration and innovation to every athlete* in the world. *If you have a body, you are an athlete. Mission statement of Loreal: To provide the best in cosmetics innovation to women and men around the world with respect for their diversity.
Forbes Worlds Top Five Billionaires List, 2022 (Sources: https://www.forbes.com/billionaires/ 1. ELON MUSK (50) - $ 219 B Business Ares: Automotive Industry, i.e., electric car maker Tesla, rocket producer SpaceX and tunneling startup Boring Company Vision statement: to create the most compelling car company of the 21st century by driving the world s transition to electric vehicles .
2. JEFF BEZOS (58) $ 171 B Business Ares: Technology, i.e., Jeff Bezos founded e- commerce giant Amazon in 1994 out of his garage in Seattle. He stepped down as CEO to become executive chairman in July 2021. Vision statement of Amazon: Our vision is to be earth's most customer-centric company; to build a place where people can come to find and discover anything they might want to buy online.
4. BILL GATES (66) $ 129 B Business Ares: Bill Gates turned his fortune from software firm Microsoft into diversified holdings including investments zero-carbon energy. Vision Statement of Microsoft: to help people and businesses throughout the world realize their full potential.
10. MUKESH AMBANI (64) $ 90.7 Business Ares: Mukesh Ambani chairs and runs Reliance Industries, which has interests in petrochemicals, oil and gas, telecom and B retail. Jio s Vision Statement: to transform India with the power of digital revolution - to connect everyone and everything, everywhere - always at the highest quality and the most affordable price .
11. GAUTAM ADANI (59) $ 90 B Business Ares: Gautam Adani is chairman of Adani Group with interests in ports, airports, power generation and transmission, green energy, edible oils, cement and real estate, among others. Vision Statement Adani Power: To be a world class leader in businesses that enrich lives and contribute to nations in building infrastructure through sustainable value creation .
1. To attain global best practices and become a leading power generating company. 2. To achieve excellence in project execution, quality, reliability, safety and operational efficiency. 3. To consistently enhance our competitiveness and deliver profitable growth. 4. To practice highest standards of corporate governance and be a financially sound company. . 5. To improve the lives of local community in all our projects. 6. To be a partner in nation building and contribute towards India s economic growth. 7. To earn the trust and confidence of all stakeholders, beyond their expectations.
56. CYRUS POONAWALLA (80) $ 24.3 B Cyrus Poonawalla founded Serum Institute of India in 1966 and built it into the world's largest vaccine maker (by doses). Vision statement: Progress is not only about how we grow. It is about how we make a difference in the lives of others .
Vision Statement of Tata Motors: We innovate mobility solutions with passion to enhance the quality of life. Vision Statement of Hyundai Motor: Our Vision is Progress for Humanity. We are here to do the right thing for humanity. Humanity unites us and makes us stronger. Humanity accelerates progress by creating innovative solutions to solve By believing in the value of humanity, it allows us to strengthen our relationships, feel connected, and get more from global problems. life.
