Extract of sample "Entrepreneurship in the Global Environment - Comparing Entrepreneurs from different Industries- Ratan Tata & Warren Buffett"
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Ratan began his schooling at Campion School and finished the secondary education at John Connon School. He later joined Cornell University for a Bachelor of Science in structural engineering thereby graduating in 1962. Ratan joined the Harvard Business School in 1975 for an Advanced Management Program. Tata’s career beginnings in 1961 involved shoveling limestone and managing the blast furnace at Tata Steel. Thirty years later, J.R.D stepped down as the director of Tata Sons thereby endorsing Ratan as his successor.
Ratan’s superb management and entrepreneurial skills created significant success for the company. For instance, the conglomerate acquired Tetley, Jaguar land Rover, and Corus thereby transforming from an Indian Company to a global one. The company currently sources 65% of its revenues from abroad. Ratan highly participated in the creation of Tata Nano, the world’s least costly passenger car. On December 2012, Ratan retired from his chief executive responsibility thereby becoming a chairman emeritus of Tata Group. Ratan continues making new deals and eyeing the evolving business opportunities such as e-commerce. He has also continued a close working relationship with the British Jaguar Land Rover Company. Ratan Tata has other duties both in India and abroad. For instance, he is a member and a contributor in the country’s Trade and Industry ministry. In addition, he is part of the jury of Pritzker Architecture Prize, which is considered an influential prize giving program for architectures. Globally, Ratan possesses key duties. For instance, he is a dean’s advisor at Harvard Business School. His significant contributions to the contemporary society has made earn numerous awards. In 2008, the Government of India awarded Ratan Padma Vibhushan, which is one of the highest civilian honors.
Warren Buffett was born in Omaha, in 1930. He is among the three children of the late Congressman, Howard Buffett. Howard
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The author states that the organizational structure of Tata group is rather complicated, due to its expansion abroad and company affiliates dealing in a particular industry. Nevertheless, the structure has remained quite the same on the top ranks of the company, since the centralization strategy brought about by Ratan Tata.
Global warming can simply be described as general increase intemperatures in the atmosphere. It is estimated that since early 20th Century there has been a general increase in surface temperature by about 0.80C. Of all this increase, two thirds of it this occurred in the period after 1980 (Garnaut, 2008, p. 56).
Introduction A person who introduces new idea or creation and makes that idea to become successful in the market is known as entrepreneur.Entrepreneurs are risk takers because they develop a new product without assuming the outcome or return.
Companies publish income statements to inform their shareholders about the business activities which have been carried out during the period covered by the statement and whether such activities have resulted in a profit or loss to the business.
In this regard, the following companies will be used; General Motors, Alliance Pharmaceutical, Inc., Apple Inc. and Walmart Inc. under the automobile manufacturer, pharmaceutical, technology, and retailer-grocery industry
This is quite evident in Shell’s article outlining some of the Warren’s sentiments in regards to trading whereby he pinpoints numerous traders’ tendency of timing stocks within their current short term.
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