AZIM H.

PREMJI

Azim Premji is an Indian business tycoon and philanthropist who is the chairman of Wipro Limited, guiding the company through four decades of diversification and growth to emerge as one of the Indian leaders in the software industry. According to Forbes, he is currently the third wealthiest Indian, and the 41st richest in the world, with a personal wealth of $12.2 billion in 2012.Azim Hashim premji ranks among the Greatest entrepreneurs of all time in a list compiled by leading business magazine Business Week. He is a well known Indian Business Leader whose values and ethics are renowned amongst business circles. Azim Premji was the person who made Wipros shift from soap to software. Azims leadership is a paradoxical blend of quiet dynamism with an unde rstand drive for excellence. Under his leadership WIPRO has not only spread in India but also globally because of his humility and commitment towards his work. Azim Premji is Chairman of Wipro Technologies, one of the largest software companies in India. He is an icon among Indian businessmen and his success story is a source of inspiration to a number of budding entrepreneurs. Born on July 24, 1945, Azim Hashim Premji was studying Electrical Engineering from Stanford University, USA when due to the sudden demise of his father; he was called upon to handle the family business. Azim Premji took over the reins of family business in 1966 at the age of 21. At the first annual general meeting of the company attended by Azim Premji, a shareholder doubted Premji's ability to handle business at such a young age and publicly advised him to sell his shareholding and give it to a more mature management.

This spurred Azim Premji and made him all the more determined to make Wipro a success story. And the rest is history.

Achievements
With a vision to have a unit which would be founded on values, Azim Premji started in Wipro. It has successfully reached among the top 100 companies in the world dealing with technology as per Business Week. Plenty of accolades and awards have been received by him, which according to him is a personal contribution of every person associated with Wipro. In 2000, he was named as the Business Man of The Year by Business India and by Economic Times in 2004 as the Business Leader of the Year. In April 2004, he was listed by Time Magazine as among the most influential 100 people in the whole world. In August 2003, Fortune named him as one among the 25 business leaders in the world about side US, while in March 2003, Fortune named him as one in the top 10 leaders, who wielded the power to bring about change and he was given the Sobriquet of Indias Tech King by Business Week in October 2003. Government of India presented him with the title of Padma Bhushan in January 2005, which is a civilian award among the highest in India. Azim Premji has been ranked as 15th among the list of most powerful male personalities in the world. Transformational leadership- Enhances the motivation, morale, and performance of followers through a variety of mechanisms. These include connecting the follower's sense of identity and self to the project and the collective identity of the organization; being a role model for followers that inspires them and makes them interested; challenging followers to take greater ownership for their work, and understanding the strengths and weaknesses of followers, so the leader can align followers with tasks that enhance their performance. Transactional Leadership- Also known as managerial leadership, focuses on the role of supervision, organization, and group performance; transactional leadership is a style of leadership in which the leader promotes compliance of his followers through both rewards and punishments. Unlike Transformational leadership, leaders using the transactional approach are not looking to change the future, they are looking to merely keep things the same.

Leadership According To Premji

Azim Premji is a Transformational leader. Successful leaders must be able to articulate a clear, stated, committed vision for the company they represent and the vision must always be centered around the customer. Success has to be built on a foundation of values. Successful leaders must have self confidence which comes from positive attitude. They need extraordinary physical mental and someway spiritual energy to remain on the top of the demands made them. They must keep improving their standards for excellence in quality. They should know the proper execution of strategy at right time and cost. Successful leaders are always on the side of optimism. Successful leaders attract and retain the best people which leads to the success of the Organization. Lenders always play to win. This gives a new sense of direction and energy

Five Practices Azim Premji Use As A Leader

Wipro works as a team and all employees are treated as experts rather than just staff. Azim Premji always speaks about his determination and perseverance which coupled of clarity of knowledge and vision .he is known for his humility and helping attitude. His simplicity and charm are natural qualities of an efficient leader. He is a true blue Indian. Under Premjis leadership the company adopted ethical practices that includes neither giving nor taking bribe. He leads as simple life and works quietly . Premji believes in a zero-politics culture. At Wipro, backstabbing, playing favorites, and kissing up to the boss -- tactics that sap much of American executives' energy -- simply don't work. Open and honest disagreements are not only tolerated, but also required -- of everyone. On Teamwork It is his belief that without a people network in place, who have skills to complement each other, one would be restricted by limitations of the self. For success, the recipe should have an ingredient of ability to become an important part of the team of cross

cultural people. Since there are a variety of challenges in life, facing such difficulties alone can be daunting. On as Social Vision It has been a long wait for someone to come along and help in pumping the economy of the country. Although the government is the legal body to carry out the process, there is lack of resources. Loans and aids can come from different countries but at best with limitations. In a century where knowledge of the mind is supreme, industries of information technology are well poised to bring in wealth from outside. Although earning is an important part, there must be mechanisms which will be utilized for better of the society as a whole. As one grows high in life, it is important to remember the things which are owned to society. On Perseverance Inspite of all that has been achieved in life, one cannot sustain without having a grit which is indomitable and the courage to face hardships. It is important to continue working hard and believing in the values of life and sticking to it, even though times can be bad or good. Miracles are created by perseverance.

On Dealing With Stress Young people these days face the same problems, which was faced by people from last generation, when they were to retire. Inspite of newer technological assistances being possible nowadays, jobs can still become complex, leading to a situation of stress. People need to handle their stresses by themselves, such as going on for jogging daily or listening to music and so on. Important factor is that one needs to be creative enough to fight with stress. Challenges can be faced but there will be plenty of energy required, which can only be possible if people are able to take care of themselves and then they can provide care to others. On Excellence A huge difference lies between being excellent and simply being good, in what people do in life. Being only good in present day world is not enough. Quality standards have been pushed higher by globalization. Excellence is a relative term, described by goalpost in motion. There has to be constant review of the milestones which people

need to reach and raise the standards constantly, without relaxing and sitting down. The idea is to strive for more.

Strength and Weakness of Azim Premji

STRENGHTS One of the world's richest men, Mr. Azim Premji's strength lies in bringing together and building teams of high potential-high performing people. His vision and pragmatism have helped Wipro Corporation become the #2 most competitive and successful company in India. Premji diversified into sectors like computer hardware and lighting, disregarding marketing laws that extolled the virtues of core competence and frowned on brand extensions into unrelated segments. Ordinary people are capable of extraordinary things, Have the courage to think big. Premji has a fanatical belief in delivering value to the customer through world class quality processes. Premji equates quality with integrity - both being non-negotiable. Aziz Premji build a strong network of people with complementary skills, you will be restricted by your own limitations. It's the ability to become an integral part of a cross-cultural team which is an important ingredient in the recipe for success. This is because we are confronted with harsh challenges in this world and it is very difficult to face them alone. Looks at the big picture the holistic view than just being happy about the present performance. Selects key people very carefully. First one to use industry academia collaboration in IT industry.

WEAKNESS Low media presence which sometimes creates problems for the company's image. Apolitical in nature least interested in politics. He hardly involves in with political leaders which sometimes creates huge problems for WIPRO.

Reasons that make Aziz Premji a good leader:

Personal integrity Determination and perseverance Simplicity and humility Uncompromising Visionary Thinking Passion Ability to Inspire Philanthropy Willingness to take risk

Improvement:
He should give more importance to media also because media is the main source of the news for the public.