...Carlos Slim Helu In 1902, Julián Slim Haddad, father of Carlos Slim Helú, arrived to Mexico from Lebanon. He was escaping from the Ottoman Empire, which at the time conscripted young men into its army. One of the markers of Carlos Slim Helu’s success has been his ability to buy and sell at the correct times. His investments in the downturn of the 1980s were the foundation of his wealth, and throughout the 1990s he continued to sell businesses which were successful then use the return to invest in others which were up and coming. Carlos Slim was born on january 28, 1940. He completes his professional studies in civil engineering at the UNAM. By 1965 Carlos Slim aquired companies like inmobiliaria Carso, casa de bolsa inversora Bursátil, embotelladora Jarritos del sur, and some others. Carso was incorporated in January 1966. Carso comes from the first syllable of the names Carlos and Soumaya, Mr. Slim's wife. The Mexican economic crash of 1982 was what delivered the opportunity to consolidate his wealth. In 1990, Grupo Carso and other Mexican investors acquired 10.4% of the companys stock, in partnership with SBC - 5% with an option for an additional 5% - and France Telecom 5%. Since 1990, Telmex has embraced a work culture where training, modernization, quality and customer service is a priority. Ten principles of grupo Carso. 1. Have always simple organizational structures, minimal hierarchical levels; provide human and in-house development of the executives; maintain...
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...Master in Management Organizational Behavior & Leadership Case #2: The Personality of Leaders The Personality of Carlos Ghosn: The $10 Billion Man Read the following dossier of article extracts and answer the final questions. 1.- “The $10 billion man” Feb 24th 2005, The Economist Having turned round Nissan, Carlos Ghosn is about to run Renault as well It is said that he could add $10 billion to the market value of Ford or General Motors with a stroke of his pen. But Carlos Ghosn is not about to sign up as chief executive of either firm. Instead, in May, he will become the boss of Renault, France 's second-largest carmaker, while continuing to head Nissan, Japan's number two car firm. To ease the transition, this week he named Toshiyuki Shiga as Nissan's chief operating officer. Although Renault and Nissan have cross-shareholdings and a deep alliance, their relationship deliberately stops well short of outright merger. Perhaps that is why it has been so successful, avoiding the integration pain that has marred, for instance, DaimlerBenz's takeover of Chrysler. In his book, “Shift: Inside Nissan's Historic Revival”, published in English last month, Mr Ghosn says that the strength of the alliance “can be found, on the one hand, in its respect for the identities of the two companies, and on the other, in the necessity of developing synergies.” Certainly the benefit has flowed both ways since the Franco -Japanese deal was done in 1999. First, Renault rescued...
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...Individual Analysis Paper Chairman and CEO of Nissan and Renault – Carlos Ghosn Chao Ru chao.ru@laverne.edu University of La Verne Graduate School of Business BUS 586 – CRN 1354: Leadership for the Future Professor John C. Sivie June 28, 2012 I. Table of Contents I. Table of Contents 2 II. Background and Award of Carlos Ghosn 3 III. Important Contributes for Nissan from Ghosn 4 IV. Doing the Right Things of Carlos Ghosn 5 V. Learn from Carlos Ghosn 7 VI. References 9 Chairman and CEO of Nissan and Renault – Carlos Ghosn II. Background and Awards of Carlos Ghosn Background Information of Carlos Ghosn: Carlos Ghosn is the president and CEO of Nissan Motor Co. Ltd., a global automotive company with 180,000 employees and $83 billion in revenue. He joined to Nissan in June 1999 as its chief operating officer. And then, he became Nissan’s president in June 2000, and also became the chief executive in June 2001. Carlos Ghson is also the president and CEO of Paris-based Renault, SA which was named in May 2005. Both companies together produce more than one in 10 cars sold worldwide. He is also Chairman and CEO of the Renault-Nissan Alliance, the strategic partnership overseeing the two companies through a unique cross-shareholding agreement (Wikipedia, 2012). Currently, he is not only the president and CEO of Nissan and Renault. He also serves on the board of director at Alcoa Automotive, Inc and Closure Systems International, Inc. He serves these...
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...Carlos Ghosn Carlos Ghosn, born 9 March 1954 is a Brazilian-Lebanese businessman who is currently the Chairman and CEO of Yokohama, Japan-based Nissan and holds the same positions at Paris-based Renault, which together produce more than one in 10 cars worldwide.[1] Ghosn is also Chairman and CEO of the Renault-Nissan Alliance, the strategic partnership overseeing the two companies through a unique cross-shareholding agreement. For orchestrating one of the decade's most aggressive downsizing campaigns and spearheading the turnaround of Nissan from near bankruptcy in the late 1990s, Ghosn earned the nicknames "le cost killer" and "Mr. Fix It."[2] After the Nissan financial turnaround, he achieved celebrity status[3] and ranks as one of the 50 most famous men in global business and politics.[4] In Japan, he is the superhero protagonist in a popular "manga" comic book series.[5] His polemical decision to spend $5 billion to develop the world's first mainstream electric car, the Nissan Leaf, is a subject of the 2011 documentary "Revenge of the Electric Car." Personal life Ghosn was born in Porto Velho, Brazil on 9 March 1954 to a French mother and Lebanese father. At age 6, he moved to Beirut, Lebanon, with his mother. He completed his secondary school studies there, in a Jesuit school (Collège Notre-Dame de Jamhour). Then he completed his classes préparatoires at Lycée Stanislas in Paris.[7] He graduated with engineering degrees from the École Polytechnique in 1978 (X1974) with...
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...Acaricia mi ensueño el suave murmullo de tu suspirar. Como ríe la vida si tus ojos negros me quieren mirar. Y si es mío el amparo de tu risa leve que es como un cantar, ella aquieta mi herida, todo todo se olvida. El día que me quieras la rosa que engalana, se vestirá de fiesta con su mejor color. Y al viento las campanas dirán que ya eres mía, y locas las fontanas se contaran su amor. La noche que me quieras desde el azul del cielo, las estrellas celosas nos mirarán pasar. Y un rayo misterioso hará nido en tu pelo, luciérnaga curiosa que veras Que eres mi consuelo. El día que me quieras No habrá más que armonía. Será clara la aurora Y alegre el manantial. Traerá quieta la brisa Rumor de melodía. Y nos darán las fuentes Su canto de cristal. El día que me quieras Endulzara sus cuerdas El pájaro cantor. Florecerá la vida No existirá el dolor La noche que me quieras Desde el azul del cielo, Las estrellas celosas Nos mirarán pasar. Y un rayo misterios Hará nido en tu pelo. Luciérnaga curiosa que veras Que eres mi consuelo. It caresses my dream, The smooth murmur of your sighing. How life laughs, If your black eyes look at me. And if it is mine the shelter Of your slight laughter That is like singing, It calms my wound, Everything is forgotten. The day that you love me The rose that adorns, Will dress in celebration With its best color And to the wind the church bells Will say that already you are mine, And...
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...It could be argued that current physics research could be divided into three areas - theoretical, experimental and computational. Numerical approach, in which systems are mimicked as accurately as possible using a computer or in which computer models are set up to provide well - behaved experimental systems are increasingly providing a bridge between theory and experiment, for instance; the Monte Carlo method (MC) and the molecular-dynamics method (MD). In Monte Carlo method the exact dynamical behavior of a system is replaced by a stochastic process, whereas the MD methods are based on a simpler principle and consists of solving a system of Newton's equations for an N-body system. Stochastic simulation is some times called MC simulation (simulation is a numerical technique for conducting experiment on a digital computer, which involves certain types of mathematical and logical models that describe the behavior of the system over extended period of real time). The generally accepted birth date of the MC method is 1949, when an article entitled "The Monte Carlo Method" appeared, the American mathematicians J.Neyman and S.Ulam are considered to be its originator. The first successful application of this method to a problem of statistical thermodynamics dates back only to 1953, when Metropolis and co-workers studied "fluid" consisting of hard disks. In the nineteenth and early twentieth centuries, statistical problems were sometimes solved with the help of random selections, that...
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...Slide 1: Education Bachelor's Degree Ecole Polytechnique France Bachelor's Degree Groupe Ecole des Mines Bachelor of engineering at Ecole Polytechnique de Montreal Speaks 7 languages french english portuguese italian arabic japonise and spanish he spends the following 3 month on the road, personally studying Nissan’s problems He promises to the audience that if he or his team don’t make Nissan profitable in one year, he will quite Slides 4: video about his traits as leader Slide 5: video to explain how to be a healthy manager Slides 6: He is like a duck, because ducks are calm on the surface and pushing like crazy getting things done under the surface. Slides 7: Motivated his employee by rewards: Ghosn held a belief that employees at all levels of a company possess the solutions to the problems. Reward: opportunity and career development, give credit of all success Democratic Meet every employee, shake hands, walk around the entire company, encourage innovations Once the employee conficence was gained, they were very commitment to the company and deliver expectations beyond their promise His ability to communicate and lead his Japanese staff in spite of the fact that he didn’t speak jap Cross-Functional-Team 1 Business growth—new products, new services, new markets 2 Purchases which represent 60% of expenditures 3 Manufacturing and logistics 4 Research and development 5 Sales and marketing 6 General and administrative services 7 Finance 8 Everything...
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...being that has accomplished being successful in a job that they love to do and excel at. Much can be said about one such entrepreneur whose name is Carlos Slim; he fits the definition of a very successful entrepreneur. A family man, surrounded with education since childhood, Slim constantly proved the importance of school and taking risks. In the early 1900’s his father “escaped the Ottoman Empire to avoid being forced into the army at age 14” (“Carlos Slim Helú Biography”). Good thing he did too, perhaps he would have never had been the father of the most successful entrepreneur in the world. Success to most people might mean a load of money, and although it is true money is a part of success, the true success Slim swims in is that of doing something he is good at, and makes a living from it. Throughout his life he displayed the characteristics of determination, perseverance, and a pleasant humble attitude. Slim proves that to get to the top, you have to be determined of what your dreams are, stay optimistic even when things do not look so bright, and when your dreams pull through in the end, stay humble. The life of Slim has not always been the brightest, but even through the dark times in his life and the brightest ones, by keeping those three characteristics, he pulled through the bumpy road of his life. Much like his father, Carlos is very intelligent, good with numbers, owning/fixing up businesses and making them worth a lot more money. It is true success that he indeed made...
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...Company Analysis: Monte Carlo Overview of Indian Economy According to National Council of Applied Economic Research (NCAER) the fourth largest economy of the world, i.e. India is expected a growth rate of 5.1% to 5.5% in real GDP in 2015. Moreover Technopak Report 2014 says, textile and apparel industry has been a major contributor to India’s GDP from last two decades, providing employment to more than 45M people. This sector has also contributed towards the growth of industrial production and foreign exchange through exports. Textile and Apparel Industry In developing countries like India, higher annual GDP growth corresponds to increase in purchasing power of the consumers, favouring the growth in textile and apparel industry. But in developed countries USA, Japan and countries of European Union slower annual GDP growth corresponds to reducing the demand for textile and apparel. Cheap labour in developing countries accounts well for their production advantage. The size if Indian textile and apparel industry has increased substantially from US $70 billion in 2006 to US $90 billion in 2013. (Source: Technopak Report 2014) Overview Monte Carlo was launched in 1984 as an exclusive woollen brand, since then it has been a leading apparel brand in India in terms of revenue. Monte Carlo has successfully established as a Superbrand in each section consumers, viz. Men, Women and Kids. It primarily caters to premium and mid-premium segments among the above 3 consumer sections...
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...University Rafael Esparza MGT545 – Leadership Practice & Theory Carlos Slim Helu Professor Wayne Gru Content Background Followers and Situation Contextual and Operational Leadership Motivational approach Theories and models Social Responsibility and Ethics Lessons learned Carlos Slim Helu Background Carlos Slim comes from a very modest background and he is a caring man who is helping others not as fortunate as himself by way of empowering them with a skills set and employment. Julian Slim, a Lebanese immigrant and Carlos’ father, began acquiring real estate in Mexico City during the revolution of 1910. As a result, at the young age of 12 Carlos began to exhibit a great interest in numbers and even began buying shares of Banco de Mexico. At the age of 13 his father passed away and Carlos, along with his family, found themselves struggling. Knowing he needed to do something he decided to enroll at the Autonomous National University of Mexico (UNAM) and study civil engineering. After graduation he delved into teaching mathematics and linear programming for a few years. Later he incorporated his first business, a stock brokerage firm called Inversora Burastil. That same year he married Soumaya Domit; in future business ventures he combined the first letters of their names and created his holding company Grupo Carso (Academy of Achievement). Carlos has six children (three sons and three daughters) Carlos Jr., Marco Antonio, Patrick, Soumaya, Vanessa and Johanna. He employs...
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...Carlos Ghosn weakness Looking into the weak area of Carlos’s leadership, it is very hard to find because, the results from decision he took in past always led to success. One aspect about Carlos’s style that is tough to entitle either weakness or strength as from the earliest sight it describes for the negative association, however, on the other side it has proved very effective. This aspect was his autocratic leadership style when he took over Nissan. By defining clear roles, he told his employees directly what he found to be the problem and he clearly stated his goals. He closely directed his employees about his expectations and focuses on to meet them and challenged employees to try harder. This gave the impression that it could have been threatening to staff; however, they kept on performing which led to success in long run. Another aspect was Carlos by applying negative reinforcement, demanded that everybody had to spoke English at the senior managers meeting. By using his Coercive Power if an employee did unable to speak English, they were separated from the company. Criticism on Carlos: Other than a part of Carlos’s leadership weakness, initially he was also remained a victim of criticism from Japanese’s people and Business analysts (OECD Observer. 1999). An immense resistance from his employees was the promotion of younger once over older and longer serving employees. Carlos has strong belief on fair management. Carlos brought cultural change in promotion based...
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...Monte Carlo Simulation Tutorial This tutorial shows how to use Microsoft Excel to develop Monte Carlo simulations without the use of add-ins or special software (such as @RISK or Crystal Ball). (Note, however, that there are some important advantages of using these dedicated software packages.) After completing the tutorial you should have a sufficient understanding of Monte Carlo concepts and Excel capabilities to begin building your own Monte Carlo simulations applied to a wide range of business problems, including the construction of short-term profit plans (otherwise referred to as “Cost-Volume-Profit” models, covered in Chapter 9 of the text). Monte Carlo refers to a widely used approach for solving complex problems using computer algorithms to simulate the variables in the model (e.g., a CVP model). Typically, an algorithm is developed to "model" the problem, and then the algorithm is run many times (from a few hundred up to millions) in order to develop a statistical data set for how the model behaves. Simple Example: Tossing a “Fair” Coin—Heads vs. Tails? For the simplest example, consider the basic coin toss. This is a process which has two possible outcomes (heads or tails), each with a 50% probability. In a million coin tosses, roughly half will be “heads” and half will be “tails.” A simple Monte Carlo simulation would support this conclusion. If you were to develop a spreadsheet with a random number generator resulting in 0 for “heads” and 1 for “tails,” then...
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...I-Carlos Ghosn’s Management Style Carlos Ghosn, clearly an extraordinary man with an impressive list of accomplishments already under his belt at a relatively young age. But what is it exactly about his management style that makes him stand-out from other leaders, why is it that so much attention has been showered onto him? In the first part of this report that is exactly what we will try to uncover. Ghosn truly does have a unique management style, one that is perfectly suited to today’s global economic reality. In our view the following management practices are the ones that have been integral to the success of not only Ghosn’s turnaround of Nissan but also in his previous accomplishments at Michelin and Renault: Adaptability What really strikes you as you read and learn more and more about Ghosn is that he truly does not have any preconceptions or stereotypes. Whether he is facing a new and unknown country and culture or a situation within a company, Ghosn’s approach is what he calls “a clean sheet of paper.” What Ghosn has been able to do so well is transcend what Peter M. Senge describes as “Mental Models” in his article The Fifth Discipline: The Art & Practice of the Learning Organization. As we have seen in the Senge’s article whenever you limit yourself to your Mental Models you reduce you ability to react effectively to changes in the environment. Senge uses the example of oil companies unable to effectively deal with changes in market conditions...
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...Carlos Slim Swimming Against the Tide Carlos Slim Helú was born on January 28, 1940. He is a Mexicanbusiness magnateandphilanthropist who is currently ranked as therichest person in the worldin 2012. Slim has beenranked the richest person in the world since 2010. His extensive holdings in a considerablenumber of Mexican companies through hisconglomerate,Grupo Carso,SA de CV, haveamassed interests in the fields of communications, technology, retailing, and finance. Presentlyhe is the chairman and chief executive of telecommunications companiesTelmexandAméricaMóvil. Carlos Slim was born inMexico City,Mexico in 1940 toMaroniteChristian parents Julián SlimHaddad and Linda Helú, both of Lebanesedescent. His father, born as Khalil Slim Haddad,immigrated to Mexico at the age of 14 in 1902 and changed his first name to Julián. As it wasnot uncommon for Lebanese children to be sent abroad before they reached the age of 15 toavoid being conscripted into theOttomanarmy, four of Haddad's older brothers were alreadyliving in Mexico at the time of his arrival.Carlos Slim's mother, Linda Helú, was born in Parral,Chihuahua,of Lebanese parents who hadimmigrated to Mexico in the late 19th century. Her parents upon immigrating to Mexico hadfounded one of the first Arabic language magazines for theLebanese-Mexicancommunity, usinga printing press they had brought with them. In 1911, Julián established adry goodsstore, La Estrella del Oriente (The Star of the Orient). By1921, he had purchased...
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...William Carlos Williams is a poet that displays realism into clinical and probing as one that is trained by the subject of science to see beauty and the truth in the vulgarity of common as much as in the uncommon. Williams’s early interests of painting and his buddied have reflected him in his sharp and graphic figures in terms of how he feels through color, texture and form. (pg. 1005) William Carlos Williams wrote many poems. One of the poems he wrote was “The Young Housewife.” He talks about a woman indicating that she is young, recently married, and identified in relation to the house in which both the woman and her husband lives. The theme here in this poem shows Williams view of a woman as how he treated them throughout his career, all of which can be under the theme of how a...
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