Reliance Industries - Research Paper Example

Comments (0) Cite this document
Name: Lecturer: Course: Institution: Date: Reliance Industries Limited is one of the leading companies in India, located in India’s capital Mumbai. The renowned company is ranked 107 in the Fortune Global 500 list. This essay shall focus on the company’s administration which is mainly comprised of the Ambani family, with the areas of interest being, family ties and the contribution of the family system to the success of the company…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.1% of users find it useful
Reliance Industries
Read TextPreview

Extract of sample "Reliance Industries"

Lecturer: Reliance Industries Limited is one of the leading companies in India, located in India’s capital Mumbai. The renowned company is ranked 107 in the Fortune Global 500 list. This essay shall focus on the company’s administration which is mainly comprised of the Ambani family, with the areas of interest being, family ties and the contribution of the family system to the success of the company. The company Reliance Industries was founded by Dhirajlal Hirachand Ambani and his cousin Champaklal Damani. The company rose along family lines with both individuals leading the company. Notably, there were incidents where disagreements and lack of cooperation were experienced, but the administration got to its feet and moved together as a unit. According to The Telegraph (2010), a disagreement emerged between the Mukesh and Anil Ambani, and the matter was taken to court for a ruling to be issued. The brothers had come up with a deal that was meant to divide the country’s gas field. According to The Telegraph (2010), Anil sought for Mukesh to honor a deal that had been initiated by their mother on the buying of gas for a period of 17 years, at a lower price than the one set by the government. Notably, in reference to the details above, parents also have a role in the creation of feuds in any family setup. In this case, brokerage that is mainly meant to benefit a certain generation of people may not favor the following generation. Communication in any family business is carried out on a face to face basis where considerations are made in reference to the family ties with less deliberations involved. The Ambani family according to The Times of India is a big family which is largely accounted for by the culture and values attached to big families by the Indians. Through their practice the business is only retained within the confides of the family with minimal or crucial additions made from outsiders. Like any family setup, succession of any business is left to the sons in the family. That is why according to the The Telegraph (2010), control of Reliance Industries Limited was left to Mukesh and Ambani in 1986 after their father suffered a stroke. Sibling rivalry emerged as a result of conflict relating to ownership. The issue was aggravated, but luckily the matter remained within the family scope, and the issue was settled. The succession battle according to analysis was not successful. Mukesh Ambani in an interview stated that there were complications experienced during the transition period. Issues relating to a power struggle and ownership were experienced. In the event that any member of a family is taken to court due to disagreements, it’s trivial that the family structure is not performing its mandate. Company interests were put first, disregarding the structure of the family. The Telegraph (2010), paints the reality of the matter, which ends up with one of the brothers losing in the case. Clearly, the bond between Anil and Mukesh Ambani was destroyed by the case, with Anil branding Mukesh as a ‘Cooperate greed'. Similarly, the tussle led to the splitting in ownership of companies with Anil heading the the phone company and finance arm while Mukesh headed the oil, gas and petrochemicals. Both brothers established different names, for their respective group of companies. From a business point of view Mukesh’s group of company gained highly from the court battle. As indicated by the The Telegraph (2010), Mukesh’s company stock in the Mumbai Stock exchange rose 4.56 per cent to 1,057 with Anil’s company stock reducing by 18.29 per cent to 55.85 rupees. A frantic effort made to mend the relationship between the two brothers did not materialize with Mukesh dismissing the matter as not a mere family issue, and proceeded to forward the matter to the company’s shareholders. Trivially, Dhirajlal Hirachand Ambani would not have been pleased by the direction taken by both parties, since he had founded the company along a strong family root and it would not have been his wish to see the private matters dragged to the public limelight. His main aim behind entrusting his sons with his company was to ensure that they combined their efforts for one goal, not splitting the company into two and succumbing to their individual interests. Family cohesion and stability are some of the elements employed in order to ensure understanding and closeness with respect to the family dynamics. Family members should always learn to respect the ideas and opinions of each individual, since they are all linked up by the same motive. The Ambani family should have sought to iron out their issues outside the public glare since the matter at hand only involved both parties. The issue not only affected the performance of one of the businesses, but it also interfered with a strong sibling bond cultivated throughout the years. Therefore it is noble to consider other avenues while solving family feuds, to retain understanding and unity in any family setup. Work Cited "Family feud that threatened to destabilize India settled in court." Telegraph [United Kingdom] 7 May 2010: 2. Print. Muncherji, Nina, Gopal Krishnan, and Upinder Dhar. Partners in Success: Strategic Hr and Entrepreneurship. Ahmedabad: Institute of Management, Nirma University of Science and Technology, 2009. Print. Haasen, Adolf, and Gordon F. Shea. New Corporate Cultures That Motivate. Westport, Conn: Praeger, 2003. Internet resource. Destefanis, Sergio, and Marco Musella. Paid and Unpaid Labour in the Social Economy: An International Perspective. Heidelberg: Physica-Verlag, 2009. Print. Anheier, Helmut K, and Avner Ben-Ner. The Study of the Nonprofit Enterprise: Theories and Approaches. New York, NY [u.a.: Kluwer Academic/Plenum Publ, 2003. Print. Read More
Cite this document
  • APA
  • MLA
(“Reliance Industries Research Paper Example | Topics and Well Written Essays - 750 words”, n.d.)
Reliance Industries Research Paper Example | Topics and Well Written Essays - 750 words. Retrieved from
(Reliance Industries Research Paper Example | Topics and Well Written Essays - 750 Words)
Reliance Industries Research Paper Example | Topics and Well Written Essays - 750 Words.
“Reliance Industries Research Paper Example | Topics and Well Written Essays - 750 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Reliance Industries

Self Reliance

...?Running head: SELF-RELIANCE AND LEADERSHIP Self-Reliance and Leadership Introduction For a person being a leader, one of the most integral qualities to have is being self-reliant. The ability to take up the role and responsibility on one’s shoulders and being an example for his team members could make up entirely for the definition of a perfect team leader. Such a definition could only be attributed to a leader who is self-reliant. Although, self-reliance sounds pretty simple, the process of enacting it requires a humongous amount of dedication and an incredible attitude (Yeoman, 1999). There are several things that one needs to know about himself to uphold the responsibilities and prove...
4 Pages(1000 words)Term Paper

Rene Descarte's Faulty Reliance

...?Rene Descarte's Faulty Reliance on God as a Ground for the Human Sciences Rene Descartes, laboring to explain the nature of epistemology – and henceprovide a foundation for the sciences – ultimately grounds science in the belief that there exists some almighty, transcendent force, known to him (thanks to his Roman Catholic upbringing) as God. In his Discourse on Method and Meditations on First Philosophy, the First per se, that force that sets any discourse on method, and thus on knowledge, into motion is the divine presence of the creator God. As I will demonstrate, this conviction invalidates much of Descartes effort to define science, because Descartes' basic premise fundamentally misunderstands the nature of the...
5 Pages(1250 words)Essay

The reliance upon technology

...?Though it might be convenient to consider the reliance upon technology as starting from the era of computers, the fact of the matter is that land line telephones, beepers, cell phones, mobile communications, personal computers, tablets, and a litany of other devices all have helped to contribute to the means by which the individual societal member integrates with technology. Regardless of the individual device in question, the fact of the matter is that this societal shift impacts upon nearly every aspect of personal life and nearly every relationship that currently exists around the world. The pervasive paradigm shift that has been evidenced has occurred over the past 20 to 30 years has been hailed by many as a great...
10 Pages(2500 words)Essay

Reliance Industries

...The story of Reliance Industries is a depiction of the complex phases and stages that a family owned business has to experience during its lifetime. Comprehending the parents’ role in Reliance Industries is of most critical concern owing to the situation presented in the case. It is widely acknowledged that the collectivist and humane nature of the Indian culture values and reveres its traditions, of which showing respect to one’s parents and treating them in the best way possible is highly regarded. Therefore, this aspect of the case analysis focuses on the role of Dhirubhai Ambani and his wife Kokilaben in not only shaping the futures of their sons Mukesh and Anil but...
3 Pages(750 words)Essay

Emerson's Self-Reliance

..., I'm not hesitant to present new ideas, even if they are not welcomed. I love myself for thinking them up, and I value myself for my creativity, even if others do not value me. The main thing is, I'm an individual, and I'm not afraid to create my own way. I'm skeptical of the things that others say, and I will always question everything before I do it. I demand an explanation: or, I do not engage. In chapter eight of Sextus Impiricus' first book it states that a man who lives according to the customs of is culture possesses a certain line of reasoning, and he lives according to doctrine. But when he is skeptical of the customs of his culture and chooses to live differently. He is then a free man, an individual (Sextus Impiricus). Work...
4 Pages(1000 words)Book Report/Review

Reliance on EC Law

...Reliance on EU Law QUESTION ONE - PART a Treaty Articles and Regulations are directly applicable and therefore do not require to be integrated with national legislation by the Member States. However, Directives require such integration. This is due to the fact that Member States have to implement the Directives through their domestic legislative procedures, in order to make them effective1. In order to be directly effective, Treaty Articles have to be clear and precise. Individuals can invoke Treaty Articles against the state or private individuals. Treaty Articles have horizontal as well as vertical direct effect. The state will be held liable if it fails to implement the provisions of the EC Directives properly and...
4 Pages(1000 words)Essay


...Self Reliance as discussed by Ralph Waldo Emerson "A foolish consistency is the hobgoblin of little minds" is the famous line penned by Ralph Waldo Emerson in1830. His essay “Self Reliance” was published in 1841 in his collection of Essays: First Series. Analysis of the Self Reliance: According to Emerson a person’s mind is comprised of unaccepted customs and rules which he adheres to regardless of his will and happiness. Throughout in his essay, Emerson has emphasized on the need of building self-trust in oneself. His essay argues that a person with self-contained intelligence is often disapproved by the world and he often underestimates his worth in his own eyes. Emerson emphasizes...
2 Pages(500 words)Essay

Application 2

...Reliance Industries Q The role of parents in Reliance Industry was to maintain the family business values and to settle dispute between the business successors. They also prepared the sons to be successor of the business. The culture of the business was influenced by the conservative Gujarati culture. The brothers had a poor relationship in the business because of the leadership rivalry in the business. However, they had a good relationship with their parents. The succession problem resulted from a lack of succession plan. The father did not also write a will specifying the role of the brothers in the business. Q. 2 The succession to next generation was not...
1 Pages(250 words)Admission/Application Essay


...Self-reliance Self-reliance, as Emerson s it, is the ability of an individual to be free from the external influence so that he/she is able to pursue the goals internally set by the individual. Every human being is born with a unique personality and nature. However, not many people are able to bring the best out of them because they get into a race of success and achievement of goals that are deemed valuable by the society. An individual can only achieve his/her personal legend by analyzing what he/she wants and valuing that more than the expectations of the society. Conformity, consistency, and regret are three of the barriers to self-reliance (“Self-Reliance”). People...
2 Pages(500 words)Essay


...Industries In Today’s world, air travel remains a bigger and growing industry. It facilitates global trade, economic growth, tourism and international investment and is thus central to the globalization occurring in many other industries. It is basically the action of travelling in air. Global market analysis in the past three decades indicates that air travel industry’s grown by 6% per year. Travel for both business and leisure or holiday purposes grew strongly globally (Eaton, 2001). Annual growth
industry that has
twice the annual GDP is expected
years. There are several of substitutes to air travel,...
2 Pages(500 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Paper on topic Reliance Industries for FREE!

Contact Us