Carlos Slim Helu - Future of his company - Research Paper Example

nchez-Runde, and Nardon 192). Therefore, this essay explores the future of Carlos Slim Helu’s company in terms of economic prospects and market share. Essentially, Carlos Slim Helu has made himself a name in the world of entrepreneurship due to his relentless efforts in doing global business (Casanova 28). Currently, the business tycoon owns a chain of about 200 companies that operate in Latin America and even beyond to the extent of employing over 200,000 people (Healy 129). This actually means that he is a man who holds a significant stake in the economy of the states of Latin America by his businesses.

Since he has used his personal resources in improving the welfare of the people of Latin America especially the immediate communities in which his companies were situated, the legacy of Carlos Slim is one that will never go away very soon (Steers, Sa?nchez-Runde, and Nardon 192). Perhaps it is worth noting that Carlos Slim, through his fortune, helped educate over 165,000 Mexican people to the university level. This great and commendable achievement won him the heart of many (Casanova 28). In this respect, many people particularly the Mexicans, have full confidence in his company and products offered.

In addition, Carlos Slim did a great deal of work when he came with the initiative of building rural schools so that the rural folk could take their children to school (Steers, Sa?nchez-Runde, and Nardon 192). In terms of justice, the business mogul bailed over 50,000 Mexicans from jail because they were unfairly detained and they could not afford the bail. Perhaps these factors have led to his business booming in Mexico and beyond. Lastly but more importantly, it is important to note the fact that he has reserved over $4 billion for education in addition to $6 billion for other programs including but not limited to his Telmex Foundation (Casanova 28).

As the world’s richest man, Carlos Slim has invested in building extensive networks with some of the world’s most powerful figures including heads of states in order to penetrate his businesses further into many countries and consequently, conquer the global market share (Casanova 28). With this competitive edge in the market, the companies of Carlos Slim are able to survive any turbulence in the market that will send other companies winding up and for this reason, it is proper to insinuate that Carlos Slim together with his companies, are here to stay (Casanova 28).

Although several critics have come strongly against the business mogul, Carlos Slim has always been relentless in his business enthusiasm particularly when it comes to dealing with sharp criticisms (Casanova 28). While he has had to deal with such criticisms as being a monopolist who will go any length in order to floor his business rival, Carlos Slim has taken it positively and instead of retorting to such allegations. Besides, he has instead opted to direct his effort to improving the world through education, health, food, and justice (Steers, Sa?

nchez-Runde, and Nardon 192). When it comes to collaborating with other tycoons, billionaire Carlos Slim Helu tops the list (Healy 129). This is particularly so when it comes to the search for the untapped opportunities in the world. In this regard, Carlos Slim