leadership

Topics: Malaysia, Entrepreneurship, Management Pages: 9 (2469 words) Published: March 29, 2014
JBMCR Vol-I,No.-1,June-2012
An International business research journal (ISSN 2278-5280)

An entrepreneur case in point Ananda KrishnaBuilding the empire

AN ENTREPRENEURSHIP CASE IN POINT:
ANANDA KRISHNAN – BUILDING THE
EMPIRE
Dr. M. Kamalun Nabi
Assistant Professor, Department of Commerce,
Jamia Millia Islamia Central University, New Delhi
&

Dr. M. Saeed
Professor, Department of Business Administration,
Minot State University, Minot, North Dakota 58707
United States of America

ABSTRACT
Ananda Krishnan’s first entrepreneurial initiative was venturing into oil trading. He has set up Exoil Trading that procures oil drilling contracts in various countries. While maintaining his first entrepreneurial ventures, he progressed further with his horse race betting operation in Malaysia. Adventurous and charismatic, he has a clear mission and a futuristic vision to diversify his businesses . He also ventured into stud farming in Australia, and is running a Hollywood cartoon studio in America and Manila. A quarter of his wealth comes from his first ventured business that includes betting and horse race wagering.During the early days of 90’s, he ventured into Multimedia business and then created other business interest in satellite communication, broadcasting and gaming. He has also developed a string of multiplex cinema in Malaysia offering the best viewing of films on bigger screens. Due to his vision and venture, his business has spread around the globe, mainly in Southeast Asia and Europe. AK is also known for his humble disposition, and for maintaining a low profile image among the ethnic Indian community in Malaysia. Though Ananda Krishnan hates public exposure, his entrepreneurial ventures have brought him into limelight, and he has got global recognition.

KEYWORDS: Management Skills, business strategy, competitive edge, collaboration , entrepreneur, leadership qualities
16

www.jbmcr.org

JBMCR Vol-I,No.-1,June-2012
An International business research journal (ISSN 2278-5280)

An entrepreneur case in point Ananda KrishnaBuilding the empire

CASE DEVELOPMENT PERSPECTIVE
This mini case has been developed on the basis of corporate, online as well as other publicly available material, exclusively for use in teaching introductory courses of management or entrepreneurship. It does not aim at evaluating the effectiveness of any policy, strategy or leadership style.

INTRODUCTION
T. Ananda Krishnan, popularly known as AK, is the richest man in Malaysia, currently estimated to have a fortune worth US$ 7.4 billion, making him the third wealthiest man in Southeast Asia and standing number 119 in the world. He was born in 1938, Brickfields, Kuala Lumpur. He got his primary education at Vivekananda Tamil School, Kuala Lumpur, and then pursued his secondary education at Victoria Institution, one of Malaysia’s oldest schools. Later on he got his tertiary education at the University of Melbourne, Australia, and obtained Bachelor’s Degree in Political Science.

During his student days, he ventured into his first business which was a small scale horse race betting operation. This business has registered phenomenal growth after several years of struggling. Despite having a hugely grown business, Ananda Krishnan pursued his graduate studies, and obtained his Master of Business Administration Degree from Harvard University in 1964. AK is also known for his humble disposition, and for maintaining a low profile image among the ethnic Indian community in Malaysia. Though Ananda Krishnan hates public exposure, his entrepreneurial ventures have brought him into limelight, and he has got global recognition. He is also known for his generosity, as he has his own charitable foundation called Nusantara Foundation that offers scholarships to needy and promising students to further their studies. Furthermore, he has also donated a huge amount of Ringgit Malaysia (RM) i.e. 160 million to the Malaysia Education Foundation....
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • leadership Essay
  • Leadership Essay
  • Management and Leadership Research Paper
  • Leadership Styles Essay
  • Leadership Styles Research Paper
  • Mangement and Leadership Research Paper
  • Transitional Leadership Essay
  • Leadership Assessment Essay

Become a StudyMode Member

Sign Up - It's Free