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Kumar Manglam Birla Podcast: Aditya Birla Group Chairman Kumar Mangalam Birla said during a podcast that in today’s scenario, Rs 1 crore is not enough to start any business. Aditya Birla Group chief Kumar Mangalam Birla said this during an interview on Nikhil Kamath’s podcast. Taking a look at his business philosophy, Kumar Mangalam Birla also gave a tough reality check to aspiring entrepreneurs.
Kumar Mangalam Birla stressed on the importance of high ambition in India’s competitive business environment and gave some business mantras to young entrepreneurs while sharing his views on leadership, entrepreneurship and India’s emerging market scenario.
“How much can you do with just Rs 1 crore? Adequate capital is essential to make a good impact and scale is important,” he said. “If that’s all I have, I would prefer to keep it in the bank,” he said.
Kumar Mangalam Birla gives simple advice to budding entrepreneurs: “Do what you love, keep the passion alive and build a great team. A strong team is important because no leader can achieve much alone.” Is.” He also highlighted the importance of dynamism or agility in business. He said, “The world is changing rapidly and you may need to change your business model to remain relevant.”
He said that trust is the basis of representation, while common sense plays an important role in hiring decisions. Before you hire someone, check their track record, talk to them, give them a solid base.
Reflecting on creativity, Birla said, “The most creative thing you can do is build or run a business. Leadership means striving to be number one or two in every market and Kumar Mangalam Birla believes in this philosophy. Are.
Regarding leadership, Kumar Mangalam Birla has revealed a unique sense of discipline. “I have only lost my temper 18 times in 29 years,” he said, noting that anger in a corporate setting can be counterproductive.
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