Lakshmi Mittal

Topics: Management, Leadership, Corporate governance Pages: 9 (377 words) Published: March 22, 2015
Lakshmi Mittal

Leadership Traits



Lakshmi Mittal is highly motivated person who has set a strong vision in front of him and worked hard to achieve that target.



Visionary and creative: Lakshmi knows steel business in depth. His vision to take opportunities anywhere in the world helped him to acquire and refurnish failed steel cites



Although due to negotiation and adaptability skills he sounds very tough in business but he not only leads on corporate level but also got experience on hand to operate industrial machinery. Even after 2009 crisis when company lost half of its shares Mittal ran his business with consistency and courage that lead his organization towards monopoly in steel business.



Empowering and interactive: All four levels of leadership based at ArcelorMittal work together in terms of risk management, stretching goals, decision making, corporate responsibilities and managing people. Daily meetings are held at Mittal’s residence.



Philanthropy: Construction of ArcelorMittal Orbit for London Olympics 2012 evidences his interest in charities. Abhinav Bindra received award of Rs. 1.5 Crore from Mittal champion trust for winning gold medal in Olympics 2008.

Leadership Style



Lakshmi Mittal has got democratic leadership style. He has got well defined leadership structure within his organisation to help him make decisions together on the basis of agreement and that is divided into four fellow leadership divisions:



Governance: reason for building governance is to maintain a practice standard which basically upholds legal requirements, stakeholder consideration, risk management and maintaining company position.



Board of directors: eleven members of board of directors involve highly qualified independent and non independent corporate people. They basically run governance and appoint senior management.



Group management board: GMB perform operational tasks and watch over business management by implementing business strategy.



Management committee: management committee involves GMB and CEO’s of acquisitioned subdivisions. Role of management committee is to promote the entrepreneurial skills within the organisation therefore higher level and lower level leaders take part in discussion

Conclusion

In ArcelorMittal leadership framework, followers are consulted and strategies are formed on the basis of common opinion. Along with, followers are highly directed for risk management of business opportunities and lost business opportunities. However, through various leadership traits Lakshmi Mittal has framed a well managed leadership structure that is the key to his success.

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