Dhirubhai’s Gravest Error? Its that time of the year once again when most of us sit down to think about the year gone by. I was doing the same. And other than all the personal happenings that affected me this year, one of the most news worthy events was the public spat between the Ambani brothers of the Reliance group. At stake is the ownership and control of the mammoth Reliance group – the one founded by their father Dhirubhai Ambani – a petrol station worker. Under Dhirubhai‘s leadership, the Reliance group flourished and starting from scratch became the largest private sector company of India, also finding a mention in the coveted Fortune 500 list. Dhirubhai was a great man who had great accomplishments during his lifetime. Where perhaps he faltered was that he did not plan his succession. So, it was only a matter of time that his two sons – Mukesh and Anil – started fighting over the empire. So, where everyone eulogises Dhirubhai, I believe his one error of judgement has done gre...
A blog on my views on management and leadership. For my finance and equity blog, please visit http://valueinvstr.blogspot.com