Back when entrepreneur Vinod Gupta first came to the US, the technology revolution in India was still a very much unheard of. But nearly 50 years later and having now become a nation where doctors, IT engineers, programmers and financiers have made large strides in their practice, Gupta is becoming part of the movement to make India prosperous. He sends a lot of his money to communities such as small villages and schools so that young people can be a part of a bright future in India and have a chance to succeed in business.
Vinod Gupta actually came from a poor village in India himself, but he studied hard in school and was determined to be the best he could be in life. After graduating from a technology institute, his family saved just enough money up to allow him to go to the US for graduate school at the University of Nebraska. Gupta finished his master’s and then started as a market research assistant at a mobile home manufacturer known as Commodore Corporation. It was while he was here having to locate mobile home dealer clients that he came up with the idea to run his own information business.
Vinod Gupta needed updated listings to find the clients since Commodore Corporation had out of date lists, so he bought stacks of phone books to make his own lists. He had some tension with his superiors at Commodore Corporation in doing this, but eventually he struck a deal with them to sell them the comprehensive list he had compiled for $9,000. Gupta used capital proceeds from the sale to start his own business selling business information. The company made millions selling yellow page data, and Gupta eventually sold it and became managing partner of Everest Group. His current position allows him time to spend in philanthropy.
It is not uncommon for organizations in the workplace to immolate the traits of a good leader. In many different aspects, the exceptional leaders will not only guide their employees to being the best in the jobs that they perform but in their personal lives too. In fact, these leaders are often notorious for ensuring their organizations are not only taking in the profits from their local and surrounding communities but will most likely learn how to give back to the communities as a whole.
Following in the Steps of Loyal and Compassionate Leaders
While this description may be applied to many business organizations all around the U.S. and abroad, these exceptional workplaces and their employees can often be found taking front and center during good times and horrific times like natural disasters according to houstonchronicle.com. With this in mind, an exceptional leader that can be spotlighted today can be found in Texas since their leadership has made a monumental difference in the lives of those who were impacted most by the aftermath of Hurricane Harvey. Specifically, in Houston and its surrounding communities. So, for those of you who are interested in what Tony Petrello, CEO of Nabors and the employees in Nabor Industries have already done to-date, here are a few things that were accomplished during Hurricane Harvey.
Matching Donations and Contributions of Nabor Industry Employees
Similar to other contributions made during normal work hours, the employees of Nabors Industries were able to make a big difference immediately in the lives of those who were affected by flood waters of Hurricane Harvey. Because of the normal compassion that Tony Petrillo is known for, employees were given paid time off to make their personal contributions to the relief efforts in their local and surrounding communities. According to the workers, the company was also able to send scores of employees to aid the victims of this hurricane around the Gulf Coast and the surrounding areas.
Glen Wakeman is a successful entrepreneur who is well known for his mentoring and business skills. He is a business executive, investor, mentor, entrepreneur and a writer recognized globally. Glen Wakeman is the co-founder of LaunchPad Holdings and currently, serves as the Chief Executive Officer of the company. LaunchPad Holdings was established in 2015 as a corporation to create software for startups delivering online business planning services. The software was mainly designed to guide the new entrepreneurs on how to plan and implement their innovative ideas.
Mr. Wakeman is an alumnus of the University of Scranton where he graduated in 1981 with a BS in Economics. Later he joined the University of Chicago where he attained an MBA in Finance (https://www.facebook.com/glen.wakeman). Glen has been a resident in six countries for business reasons and has worked in 30 regions around his career scope. During his early career journey, Wakeman worked at many companies holding different positions. For example, at GE Capital for over two decades where he used to work for the P&L positions operating in nine countries. Moreover, Glen was also the founder of Nova Four.
His core values are human capital, leadership, risk management, power and execution in business. Glen Wakeman works hard using his writing skills to inspire people on business from monetary economics to regulatory strategies sectors. Moreover, Wakeman is a market strategist full of knowledge on the emerging markets, therefore, advises executives like Dreamfunded and Sitter Bees.
According to Glen Wakeman, infusing ideas and money is the best option for business. Innovative ideas come from young people, but Glen never understood why failure still existed in companies. He discovered it is because they lack the foundation knowledge and planning for the ideas. Thus, Glen Wakeman and his colleagues decided to establish a simple software platform offering business planning services, and that is how LaunchPad Holdings came into existence.
Glen Wakeman believes in the machine learning to business problems trend to help entrepreneurs (Crunchbase). He is passionate about helping talented startups achieve their dreams by having their ideas put into practice.
The way in which United Technologies Corporation (UTC) manages its corporate culture has several components that are worth emulating. Believing that their employees are the lifeblood of the firm, UTC goes out of its way to invest in their happiness and satisfaction. One program that has created a lot of goodwill within the firm itself is the Employee Scholar Program has covered the cost of approximately 39,000 degrees for its employees, in whichever subject matter interested them, reflecting an investment of close to $1 billion. In addition to this program, UTC believes that innovation in its products is another important aspect of a successful endeavor.
UTC’s previous Chief Executive Officer, Louis Chenevert, is responsible for a lot of this positive culture that continues to grow even after he has stepped down as CEO. During his tenure, UTC repatriated numerous engineering positions back to their Connecticut headquarters and continues to manage its business in such a way as to avoid layoffs that are quite common in the aerospace industry. It was his belief that investment in the future was key to the health and growth of the company, and to Mr. Chenevert, that investment in the future included investments in the employees as well as innovation of its products.
This former CEO also purposefully managed the business cycles of its various divisions in order to minimize the occurrence of boom and bust cycles that can lead to layoffs. This diversification across industry segments helped to ensure uninterrupted employment which also helped to create a vibrant corporate culture at UTC. Another important way that Chenevert helped to smooth out the rough times was to approach every phase of the product cycle as one that will contribute income. This standard was instrumental in creating a smooth cash flow over many years of the product life.