0 likes | 0 Views
No one ever achieved success by playing it safe. Taking risks is important to any business, and Shashi and Ravi Ruia are the perfect examples of this, who established Essar Group in 1969. The Essar Group, which began as a small construction company in Chennai, soon expanded its global footprint with operations in several sectors, including steel, energy, refining, oil and gas, metal, steel, telecom, etc.<br><br>
E N D
TOP LESSONS TO LEARN FROM ESSAR’S VISIONARY LEADERS- SHASHI AND RAVI RUIA
Making a business successful requires significant effort and hard work. A lot of preliminary work is needed to start a new company, such as a strong idea, a financial plan to support its implementation, and a vision of how it will be formed. From well-established corporations to start-ups, every business faces challenges while achieving success and growth. The road to sustainable business growth demands resilience, determination, and bold leadership. By coping with challenges, conglomerates like Essar Group, guided by the strategic vision of Ravi Ruia and the late Shashi Ruia, have transformed their strategies to maximise the chances of success.
From a challenging start with limited resources to emerging as a global conglomerate, Essar’s evolution is a testament to visionary leadership and transformation. In this article, we’ll talk about the top lessons to learn from visionary leaders, which can prove beneficial to businesses in many ways.
Embracing Failure Can Lead to Success • We often overlook the hard work put in by entrepreneurs to make a business shine. No matter how successful a company is, there were failures on the path. Failing once can show you the way forward. Entrepreneurs can gain from their defeat and move ahead with improved effort, greater productivity and a determined spirit. Accepting failures helps people improve problem-solving and, in turn, make them more resilient when faced with challenging decisions. • Source URL:- https://www.ecogujju.com/top-lessons-to-learn-from-essars-visionary-leaders-shashi-and-ravi-ruia/
Even visionary leaders like the Shashi Ruia and Ravi Ruia faced many challenges in their entrepreneurial journey, which gave them the strength to build the multi-billion-dollar empire that Essar is today. Their journey was full of challenges, proving that learning from failures eventually lead to growth and success.