“Study on Six Successful Leaders in Bangladesh”

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Report on
“A study on six successful leaders in Bangladesh”

Prepared For
MD: Shibli Shahriar.
Assistant Professor. Department of Business Administration. Faculty of business and Economics. Daffodil International University.

Prepared By
Name
Subrata Saha Mithun Smita Paul Shamima Akhter Sanjida Sultana Joytee Dey

ID
133-14-1216 133-14-1231 121-14-677 132-14-1096 132-14-1095

Remarks

December 12, 2013 ii Letter of Transmital

December 12, 2013

MD. Shibli Shahrir Assistant Professor Department of Business Administration Faculty of Business and Economics Daffodil International University

Subject: Submission of Report

Dear Sir, Following the successful completion of our report we are gladly submitting it for your inspection. The report is prepared as titled “A Study on six successful leaders in Bangladesh”. We gratefully acknowledge your assigning us this topic to work on and your guidance in completing the report.

Sincerely yours

Subrata Saha Mithun

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Acknowledgement

First and foremost, I thanks to my God. Besides we would like to thank to our honorable teacher and supervisor of this report MD. Shibli Shahrir for the valuable guidance and advice. He inspired us greatly to study in this project. His willingness to motivate us contributed tremendously to our report. We also would like to thank him for showing us some example that related to the topic of our report. Besides, we would like to thank the authority of Daffodil International University (DIU). It gave us an opportunity to participate and learn about the leadership.

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Executive Summary
Dr. Muhammad Yunus (born 28 June 1940) is a Bangladeshi banker, economist and Nobel Peace Prize recipient. He is the founder of the Grameen Bank. He gives the loan to rural poor people to be self-sufficiency. Samson H. Chowdhury is the founder of Square Group and guided it to the top of Bangladeshi conglomerates with more than 33,000 employees. Much of Chowdhury's success was his ability to see the big picture even while all of those around him were focused solely on a single tile in the mosaic. Salman F. Rahman has worked tirelessly for nearly half a century for the good of his company and for the good of Bangladesh. Under his leadership and vision, the Beximco Group has risen to the top of the corporate world. However, he is not satisfied to simply rest upon his accomplishments. Tommy Miah is one of the leading Bangladeshi businessmen in the United Kingdom where he owns the award-winning Raj Restaurant in Edinburgh, where he has substantial property interests. He is the founder and promoter of the International Indian Chef of the Year Competition: the most prestigious event in the Indian culinary calendar, attracting 5000 entrants “both amateur and professional” from all corners of the world. Jahurul Islam is the founder of Islam group. He was a successful businessman and leaders. He changed the Bangladesh with his knowledge. He had trust for learning with his intelligence which makes him forward looking and visionary enterprises. He was successful for his widespread leadership qualities and professionalism. Kaniz Almas Khan, CEO of Persona, a renowned makeover artist, beauty specialist and successful woman entrepreneur in Bangladesh. She has discovered people's beauty in a new dimension which turned her into a successful Woman Entrepreneur in Bangladesh. Now Persona is an organization which provides world class beauty care services with all new features that anyone can ever dream off in Bangladesh.

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Table of Contents

Chapter

Particulars
Title Page Letter of Transmital Acknowledgement Executive Summary

Page no. ii iii iv v 6 7 8 8 9 10-17 18 19 20 21 22

Chapter One
Introduction Objective of the report Methodology

Chapter Two
Learning Part

Chapter Three
Findings Recommendations Conclusion References

Chapter:-01 Introduction Objective of the report Methodology of the report

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Introduction:
The activity of leading a group of people or an organization or the ability to do this. Leadership involves; (1) Establishing a clear vision, (2) Sharing that vision with others so that they will follow willingly, (3) Providing the information, knowledge and methods to realize that vision, and (4) Coordinating and balancing the conflicting interests of all members and stakeholders. A leader steps up in times of crisis, and is able to think and act creatively in difficult situations. Muhammad Yunus (born 28 June 1940) is a Bangladeshi banker, economist and Nobel Peace Prize recipient. He is the founder of the Grameen Bank. He gives the loan to rural poor people to be self-sufficiency. Bill Gates the founder of Microsoft Corporation and one of the wealthiest men in the world. Bill Gates assisted with the development of Microsoft Windows, Internet Explorer, and Microsoft Office which have all grown to be the most popular in each of their respected fields. Bill Gates transitioned out of day-to-day operations at Microsoft in 2008, but still serves as chairman of the Microsoft board. In 2008, Forbes ranked Bill Gates the 3rd richest man in the world. Sir Richard Charles Nicholas Branson (born 18 July 1950) is an English business magnate, best known as the founder and chairman of Virgin Group of more than 400 companies.[2]Branson formed Virgin Atlantic Airways in 1984, launched Virgin Mobile in 1999, Virgin Blue in Australia (now named Virgin Australia) in 2000. Vineet Nayar is Vice Chairman and Joint Managing Director of HCL Technologies Ltd. (HCLT), a $4.4 billion global information technology services company and author of the highly acclaimed management book “Employees First, Customers Second: Turning Conventional Management Upside Down” (Harvard Business Press, June 2010).[1] He is also an acknowledged management visionary and a radical thinker who developed the company’s ‘Employees First, Customers Second’ (EFCS) philosophy. Jahurul Islam redefined the concept of business and industries in Bangladesh. He was the king of Bangladeshi business sector. The history books rightly states him as the father of Bangladeshi business. He is the founder of islam group

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Objectives
To recognize five successful business entrepreneur. To find out their nature of business. To make out the reasons behind success. To make some recommendations to solve the problem.

Methodology
The report is based on secondary data. Secondary data sources are: Internet used as a source of information Websites Newsletter

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Chapter-02:

Learning part

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Dr. Muhammad Yunus

Muhammad Yunus was born in 28th June, 1940 in the village of Bathua, in Hathazari, Chittagong, the business center of what was then Eastern Bengal. He was the third of 14 children of whom five died in infancy. His father was a successful goldsmith who always encouraged his sons to seek higher education. But his biggest influence was his mother, Sufia Khatun, who always helped any poor that knocked on their door. This inspired him to commit himself to eradication of poverty. His early childhood years were spent in the village. In 1947, his family moved to the city of Chittagong, where his father had the jewelery business. In 1974, Professor Muhammad Yunus, a Bangladeshi economist from Chittagong University, led his students on a field trip to a poor village. They interviewed a woman who made bamboo stools, and learnt that she had to borrow the equivalent of 15p to buy raw bamboo for each stool made. After repaying the middleman, sometimes at rates as high as 10% a week, she was left with a penny profit margin. Had she been able to borrow at more advantageous rates, she would have been able to amass an economic cushion and raise herself above subsistence level. Realizing that there must be something terribly wrong with the economics he was teaching, Yunus took matters into his own hands, and from his own pocket lent the equivalent of ? 17 to 42 basket-weavers. He found that it was possible with this tiny amount not only to help them survive, but also to create the spark of personal initiative and enterprise necessary to pull themselves out of poverty.

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Against the advice of banks and government, Yunus carried on giving out 'micro-loans', and in 1983 formed the Grameen Bank, meaning 'village bank' founded on principles of trust and solidarity. In Bangladesh today, Grameen has 2,564 branches, with 19,800 staff serving 8.29 million borrowers in 81,367 villages. On any working day Grameen collects an average of $1.5 million in weekly installments. Of the borrowers, 97% are women and over 97% of the loans are paid back, a recovery rate higher than any other banking system. Grameen methods are applied in projects in 58 countries, including the US, Canada, France, The Netherlands and Norway.

Samson H. Chowdhury – The Making of an Era

Few men make enough of an impact upon a country and upon a time so as to have an era named after them. Without the shadow of a doubt, Samson H. Chowdhury was such a man. He was born on 25 September; 1925.The glorious, influential life of one of Bangladesh's greatest figures ended January 5, 2012. He was 86 years old in 2012. Samson H. Chowdhury founded the Square Group and guided it to the top of Bangladeshi conglomerates with more than 33,000 employees. Much of Chowdhury's success was his ability to see the big picture even while all of those around him were focused solely on a single tile in the mosaic. A large part of his vision was that businesses had a responsibility to conduct themselves in an ethical and just manner. His desire to provide a good role model through his behavior as well as his concern for the welfare of others set him apart from other businessman in Bangladesh. Like everything else in his life, Chowdhury was not satisfied with simply stating a philosophy of ethics and responsibility without accompanying action.

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The evidence that he did indeed put his philosophy into action is great. He was the Chairman of Koinonia, which service those in need of education, health, and micro finance. Following the Liberation War in 1971, he established the Christian Commission for Development in Bangladesh. The associations of donors focused upon implementing a variety of projects assist those suffering from the ravages of war. Samson H. Chowdhury was the founder and served as president of Bangladesh Association of Publicly Listed Companies. He was vice-president of International Chamber of Commerce, Bangladesh as well as the chairman of Central Depository Bangladesh Ltd. Bangladesh has certainly lost an amazing figure with the passing of Samson H. Chowdhury. However, the influences of this great man will be felt for a long time to come.

Born for Greatness- Salman F. Rahman

If one needs proof that some men are born for greatness, no clearer example exists than Salman F. Rahman. His father is Fazlur Rahman, formerly Pakistan’s Home Minister and Education Minister, and his brother is Sohel F. Rahman, who is co-proprietor of the Beximco Group. Along with his brother, Salman F. Rahman has worked tirelessly for nearly half a century for the good of his company and for the good of Bangladesh. Under his leadership and vision, the Beximco Group has risen to the top of the corporate world. However, he is not satisfied to simply rest upon his accomplishments. He continues to explore and expand into new endeavors within the group’s numerous industries which include pharmaceuticals, ceramics, textiles, media and property development. Of course, success in business is only a single part of a successful life. Salman F. Rahman certainly recognizes this fact. That is why he has shown such enormous generosity in his efforts to fight poverty and to support human rights as well as other worthwhile causes. 12

Within the Beximco Group, Rahman in his incredibly broad vision has striven to establish a culture of Corporate Social Responsibility. With such a business philosophy, Salman F. Rahman has carried the Beximco Group far beyond its position as the largest private sector entity in Bangladesh. Through its involvement in matters of regional and national interest, the Beximco Group has been transformed from simply an amazingly successful corporation into a force for positive change. For most men having a hugely prosperous corporation with all of the power, respect and admiration that accompanies such success would be enough to cause them to rest upon the glory of past accomplishments. However, Salman F. Rahman is no ordinary man. This review of his achievements and generosity can only lead to the conclusion that Salman F. Rahman was truly born for greatness.

Tommy Miah

Entrepreneur and Celebrity Chef Tommy Miah is one of the leading Bangladeshi businessmen in the United Kingdom where he owns the award-winning Raj Restaurant in Edinburgh, where he has substantial property interests. Edinburgh is also the home of his uniquely inspired Original Raj Hotel Group of individually styled Indian-themed boutique hotels. He is the founder and promoter of the International Indian Chef of the Year Competition: the most prestigious event in the Indian culinary calendar, attracting 5000 entrants ‘both amateur and professional from all corners of the world. 13

The competition is climaxed at a special awards ceremony held in conjunction with The Curry Ball, a black-tie event hosted by Tommy to raise funds for the Sreepur Village Orphanage in Bangladesh. Tommy Miah returns regularly to Bangladesh where he has diverse business interests and commitments including his signature restaurant The Heritage - the home of his original bangla-fusion style of cooking and fine dining. He devotes an increasing amount of his business energy to projects, ranging from clothing and textiles to food manufacture, in his native Bangladesh in an effort to raise the profile of his spiritual home and increase opportunities for Bangladeshi. Drawing upon his status as a media celebrity and TV chef, coupled with wide experience of international dining and catering, has resulted in the foundation of the Tommy Miah Institute of Hospitality Management to train young Bangladeshis and equip them to succeed in the international hospitality industry. In 2005, Tommy further extended his Bangladesh-based business interests with the launch of One Consumer Products bringing under one roof the Best of Bangladesh from original spices to fashion, textiles and household goods. His work for charities, both in Bangladesh and the UK, includes Cancer Research UK, Shishu Polli (Sreepur Village), Centre for the Rehabilitation of the Paralysed (CRP), ORBIS Flying Eye Hospital.

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Jahurul Islam – The Father of Bangladeshi Business

Very few men have a profound and lasting effect on the world. Jahurul Islam is one of the rare few. His glorious life transformed the industries of Bangladesh to such a tremendous extent that his influence is still being felt nearly two decades after his death. It is little wonder then that Jahurul Islam is known generally as “The Father of Bangladeshi Business”. The beginnings of Jahurul Islam’s influence can be seen in 1964 with his founding of the Islam Group. The Islam Group features a diversified collection of companies from a variety of industries such as marketing, construction, real estate, international trade, and finance. With the guidance, leadership, and foresight of Jahurul Islam, the Islam Group has been propelled to prominence as Bangladesh’s largest business group. As a true pioneer in business, Jahurul Islam showed genuine compassion for the employees of the Islam Group. The signs of his concern can still be seen in the benefits offered to employee such as medical facilities, pensions, accident compensation, and on-the-job training. Of course, such a positive work environment creates happy workers and yields more efficient results. Jahurul Islam recognized that success brings the responsibility to give back to one’s country. In this regard, he made great contributions to the good of Bangladesh. Jahurul Islam founded the Jahurul Islam Medical College and Hospital in 1989. The large hospital contains some 500 beds, emergency and general medical facilities as well as medical training. Following his death in 1995, the Islam Group was divided into three parts – the Islam Group, the Navana Group, and the AFTAB Group. It is a testament to the lasting greatness of Jahurul Islam that all three of the groups continue to lead the business sector of Bangladesh to this day, AFTAB Group being the most dominant one. The grand influence of Jahurul Islam, the Father of Bangladeshi Business, truly continues to be felt today. 15

Kaniz Almas Khan

Kaniz Almas Khan, CEO of Persona, a renowned makeover artist, beauty specialist and successful woman entrepreneur in Bangladesh. She has discovered people's beauty in a new dimension which turned her into a successful Woman Entrepreneur in Bangladesh. Now Persona is an organization which provides world class beauty care services with all new features that anyone can ever dream off in Bangladesh. Whoever thought about a beauty parlor with a management team, executives, service providers and many other stake holders? The visionary of this vision is Kaniz Almas Khan. Journey of Persona: Like other successful entrepreneurs in the world, Kaniz Almas Khan had a long-term vision which is enabling Persona to grow rapidly. 1990-1998 Beginning of journey as Glamour. 1998 to 2002 Starting of Persona with 12 performances working in 1800 sqft.2002 Extension of Persona with 50 performers working in 3800 sqft.2002 to 2004 Growth of Persona with 100 performers working in 3800 sqft. 2005 Introducing the largest beauty care facility in Asia with around 200 performers working in 11000 sqft with Studio Persona.

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A global standard fashion magazine named Canvas, which is a sister concern of Persona. Very first male beauty care center named Persona Adams. A joint venture beauty care center of Persona with famous Indian beauty care specialist Jawed Habib named Habibs @ Persona. Persona is going to open a Gym named Persona Health. Persona has introduced Studio Persona a fully equipped modern photo studio in its premise. Persona has already introduced a Spa center named Persona Spa. Persona has just launched Persona Institute of beauty and life style, the first ever institute of its kind in Bangladesh. It is an approved center of Edexcel International UK to offer BTEC Diploma in Bangladesh.

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Chapter:-03 Findings. Recommendations. Conclusion.

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FIndings:
 Dr. Muhammad yunus is the founder of Grameen Bank and a victorious leader. He is successful because of his different thinking. He is first person who introduced us with microcredit system . He give the loan to poor people which is raised enormous fame and among the general people.  Salman F. Rahman has carried the Beximco Group far beyond its position as the largest private sector entity in Bangladesh. Through its involvement in matters of regional and national interest, the Beximco Group has been transformed from simply an amazingly successful corporation into a force for positive change.  Samson H. Chowdhury is the founder of Square Group and guided it to the top of Bangladeshi conglomerates with more than 33,000 employees. Much of Chowdhury's success was his ability to see the big picture even while all of those around him were focused solely on a single tile in the mosaic.  Tommy Miah is one of the leading Bangladeshi businessmen in the United Kingdom where he owns the award-winning Raj Restaurant in Edinburgh, where he has substantial property interests. He is the founder and promoter of the International Indian Chef of the Year Competition: the most prestigious event in the Indian culinary calendar, attracting 5000 entrants “both amateur and professional” from all corners of the world.  Jahurul Islam is the founder of Islam group. He was a successful businessman and leaders. He changed the Bangladesh with his knowledge. He had trust for learning with his intelligence which makes him forward looking and visionary enterprises. He was successful for his widespread leadership qualities and professionalism.  Kaniz Almas Khan, CEO of Persona, a renowned makeover artist, beauty specialist and successful woman entrepreneur in Bangladesh. She has discovered people's beauty in a new dimension which turned her into a successful Woman Entrepreneur in Bangladesh. Now Persona is an organization which provides world class beauty care services with all new features that anyone can ever dream off in Bangladesh.

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Recommendations:

From all the leaders it is recommended that, they are the entrepreneurs and as well as they are the legend in their respective sectors. They made their work with believe and hard labor. We are too much inspired and interested about their work through. We can take their vital steps as well as we can make our own goal of life.

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Conclusion:

This report has been discussed about the five leaders in Bangladesh. In this report we have also come to learn why they are successful leaders and how they reach their position. Our main purpose is to determine the most successful and prominent business entrepreneur in Bangladesh. They comes their present position by heard working. If we select any of them as an best leader we will be highly benefited because they are very experienced. They can guide us very much.

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References:

1. 2. 3. 4. 5. 6.

http://vineetnayar.com http://crowdact.com/wall/show/121 http://en.wikipedia.org/wiki/Muhammad_Yunus#Family http://bangladeshpage.hubpages.com http://en.wikipedia.org http://ezinearticles.com/?Jahurul-Islam---Most-Prominent-Businessman-FromBangladesh&id=7030795

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