The world of business can often be cut-throat, but some of India’s industrialists who have made it big, have shown that sticking to your principles can lead to success. The lives of prominent business titans like Ratan Tata, Dhirubhai Ambani, Azim Premji, and Anand Mahindra offer valuable lessons to aspiring QNET entrepreneurs. Each of them has made significant contributions to their industries while demonstrating core values that can drive long-term success.
There’s much we can learn from these business icons of India. So let’s take a few pages from their books and see how we can apply these lessons in our lives.
Open and Honest Communication
Dhirubhai Ambani, the founder of Reliance Industries, earned trust by being transparent. He famously visited investors personally to explain the company’s progress, ensuring they were informed and confident in their investments. Fostering open and honest in your business practices by being transparent builds credibility, which is essential for maintaining a customer’s confidence. A business built on lies will eventually crumble.
Stick to Your Values
Ratan Tata is another businessman who always demonstrated integrity. It is said that he once chose to walk away from a multibillion-dollar deal with a global automobile manufacturer, when the car division of Tata Motors was not doing well, as he felt that the deal would compromise the company’s values and reputation. In the long-term this paid out with Tata Motors turning the business around and becoming a leader in the automotive sector.
This shows the importance of putting ethics and a long-term vision over short-term gains. A reputation built on integrity will attract the right customers and partners to build a strong, reliable network for your business.
Prioritising People and Community
Azim Premji is well known for his commitment to corporate social responsibility. He set aside a significant portion of his wealth for philanthropy, setting up the Azim Premji Foundation. The foundation, among other programmes, works to improve education in the country. This decision was influenced by his belief that businesses must give back to society.
Entrepreneurs can follow his lead by integrating social responsibility into their business, much like QNET has with the RYTHM Foundation. Contributing to the community can create a positive impact, making your business more sustainable.
Anand Mahindra, the chairman of Mahindra group, was also committed to service through his business. Mahindra supported farmers in rural India by providing them with modern farming techniques and equipment. This programme improved yields and uplifted communities.
As entrepreneurs, we must learn to look beyond profits and consider how your business’ impact on society can help bring success.
Planning for the Future
Under Ratan Tata’s leadership, Tata Group made significant investments in sustainable practices. The establishment of Tata Power’s solar energy division, which focuses on harnessing solar energy to meet growing energy demands while reducing carbon footprints, reflects Tata’s vision of a greener future.
Anand Mahindra also actively promotes sustainability through the launch of electric vehicles under the Mahindra brand. He has been vocal about the need for sustainable urban development and transportation solutions, emphasising the importance of eco-friendly alternatives.
Innovating with eco-friendly practices and products is the right and only way to do business.
Empowering Others
Azim Premji’s leadership style focuses on empowering his workers. He instituted a profit-sharing model at Wipro, including distributing shares, which encouraged employees to take ownership of their work and contribute to the company’s growth.
QNET entrepreneurs can learn how to build a culture that encourages collaboration and provides opportunities for growth. Happy employees are good for business.
QNET’s Core Values
Ratan Tata, Dhirubhai Ambani, Azim Premji, and Anand Mahindra, four of India’s premier industrialists, show how integrity, service, sustainability, and effective leadership are vital for achieving lasting success in business.
These four principles are the heart of QNET’s core values, inspired by our founders’ philosophy of RHYTHM, Raise Yourself To Help Mankind. By emplacing these values QNET has brought people together from around the world, to form a global community of customers and distributors, helping people transform their lives.
By adopting these principles QNET entrepreneurs can not only prosper in the competitive direct selling market but also make meaningful contributions to society, demonstrating that true success is measured by the impact you make on the world.
