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MOTIVATING ASPECTS OF

BUDDING ENTEREPRENUERS

Submitted To: Submitted By:

Dr. Ranjan Upadhyaya Sonika meena(7779)

Asst.Professor Shaweta(7765)

FMS, WISDOM Preeti(7738)

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STEEL TYCOON

MR. LAXMI NIWAS MITTAL

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VISION

Always think outside the box

and increase theopportunities that appear,wherever they might be

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Biography

Indian born British steel tycoon

Born on 15th June 1950 at Sadualpur,

District Rajasthan The family later moved to Kolkata

from Rajasthan

His father Mr. Mohan Lal set up asmall steel mill in Kolkata

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Early Years in India

Mr. Lakshmi Niwas Mittal belong to apoor family

The extended family of 20 lived onbare concrete floors

Slept on rope beds

Cooked on an open fire on the

backyard in a house of hisgrandfather.

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Finished his bachelor degree inFinished his bachelor degree in

commerce and began his early careercommerce and began his early careerin his father steel mill in the early 70sin his father steel mill in the early 70s

He split from his father and twoHe split from his father and two

younger brothers and took theyounger brothers and took theinternational arminternational arm

Rest of the family kept stick withRest of the family kept stick withthe domestic businessthe domestic business

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History of Mittal Steel

In 1976 Mittal moved toIndonesia and acquired asteel plant ISPAT INDO

Group started spreading itsactivities across the globein 1989 when it acquiredan ailing plant in Trinidadand Tobago which wasrevived

His success has largely

been built on buying uploss making steel mills andquickly turning them intoprofit

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Mittal Steel global presents

Mittal Steel Point Lisas

(Trinidad)

Mittal Steel Lazaro Cardenas

(Mexico)

Ispat Inland

(USA)

Mittal Canada

(Canada)

Mittal Steel Gandrange

(France)

Mittal Steel Hamburg

Mittal Steel Ruhrort

Miattal Steel Hochfeld(Germany)

Mittal Steel Temirtau

(Kazakhstan)

Mittal Steel Galati

Mittal Steel Iasi

Mittal Steel HunedoaraMittal Steel Roman

(Romania)

Mittal Steel South Africa

(South Africa)

Mittal Steel Ostrava

(Czech Republic)

Mittal Steel Zenica

(Bosnia)

Mittal Steel Skopje

(Macedonia)

Mittal Steel Poland

(Poland)

Mittal Steel Annaba

(Algeria)

Americas 12Mtpa

Europe 18Mtpa

Rest of the World 12Mtpa

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Acquisitions

1989: Acquisition of Iron & SteelCompany of Trinidad & Tobago

1992: Acquisition of Sibalsa 1994: Acquisition of Sidbec-Dosco 1995: Acquisition of Hamburger

Stahlwerke > Ispat International Ltd.

and Ispat Shipping formed >Acquisition of Karmet

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19981998:: Acquisition of Inland SteelAcquisition of Inland Steel

CompanyCompany19991999:: Acquisition of UnimtalAcquisition of Unimtal

20012001:: Acquisition of ALFASID >Acquisition of ALFASID >

Acquisition of SidexAcquisition of Sidex

20022002:: Business assistanceBusiness assistanceagreement signed with Iscoragreement signed with Iscor

20032003:: Acquisition of Nova HutAcquisition of Nova Hut

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20042004:: Acquisition of Polski Huty StaliAcquisition of Polski Huty Stali

> Acquisition of BH Steel > Acquisition> Acquisition of BH Steel > Acquisitionof Macedonian facilities from Balkanof Macedonian facilities from BalkanSteel > Creation of Mittal Steel andSteel > Creation of Mittal Steel andproposed acquisition of Internationalproposed acquisition of InternationalSteelSteel

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Mittal narrated that in 1948 whenhe became the head of company his

company was going under loss. Allhis workers and employees left himbecause they said there is no future.

At the same time Arcleor companyat that time which was the no. onesteel maker.

Crisis faced by L.N.Mittal

and how he got victory overthem

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ArcelorMittal

Arcelor Mittal is now thelargest steel company inthe world.

Arcelor Mittal is the leaderin a major global markets,including automotive,construction, householdappliances & packaging.

The company isheadquartered in southernLuxemburg City, the former

seat of Arcelor Lakshmi Mittal (Co-owner of

Mittal Steel), a non-residentIndian is a chairman andCEO.

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It employs 310,000 employees in

more than 60 countries

Arcelor Mittal by financials for 2007show revenue of US $105.2 billion

A crude steel production of 116million tones, representing around10% of world steel output

As of 17th May 2008, the marketcapitalization of Arcelor Mittal was

$144.37 billion

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Current Status

NRI steel baronLakshmi Mittal, ownerof the world's largest

steel companyArcelorMittal, is therichest Asian in Britainfor the year 2010 with

an estimated wealth of17 billion pound.

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No. 1 high quality steel producerNo. 1 high quality steel producerwith crude steel capacity with morewith crude steel capacity with morethan 70 million tones per annumthan 70 million tones per annum

Own steel making facilities in 16Own steel making facilities in 16countries spanning 4 continentscountries spanning 4 continents

Employs 2,24,000 people spanningEmploys 2,24,000 people spanning49 different nationalities49 different nationalities

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His wife Usha runs the Indonesianbusiness

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His son Aditya and daughter

vanisha are the members ofthe board of directors ofMittal steel

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Qualities and

Distinctiveness Outstanding vision

Hardworking

Convincing, motivating and guiding Enthusiastic

Capacity to lead

Bravery

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Awards

In 1996 he was awarded as aSteelmaker of the year by New Steelin the USA

In 1998 he received The Willy KorfSteel Vision Award Mittal was awarded as an European

Businessman of the Year in 2004 byFortune Magazine

In March 2005, Forbes named him theThird Richest Man in the World and therichest non-American with the wealth of$25 billion

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Member

L N Mittal is a member of

The International Investment Council in South Africa

The foreign Investment Council in Kazakhstan

The International Iron & Steel Institution Executive Committee The World Economic Forums International Business Council and

L N Mittal is on the advisory board of the kellogg School of the Management in the USA

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We stringently follow the following business process to ensure

the successful implementation of our strategy

Benchmarking

Closing the gap / Strategy

Budgeting / target setting

Operational tracking / quarterly reviews

Continuous improvement

Knowledge management programme

Rewarding

Business process

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Corporate Social

ResponsibilityMittal Steel believes that business should play amajor role in supporting the societies in which

they

operates. In this sense of social responsibilityMittal steels provide their kind support to:

Kazakhstan

South Africa

USA

Algeria

India

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Education

Mittal Steel South Africa hasdonated over $177 millionto community developmentprojects

Companys latest project tosponsor South AfricaNational Science Olymbiads

Mittal Steel sponsorship isvalid at $1.5 million

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Health & Safety

Robust set of safety standards to

reduce accidents Mittal Steel Operates in E-Room

As per Mittal safe business is a good

business

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Sponsorship

Sponsorship & support to football,basketball & other sports

Sporting beneficiaries are CzechRepublic, Romania & Algeria

Sporting link with West Indies

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Community

Main provider of electricity

Urban development project inKaeaganda Mittal steelacquired Termiratau in 1995

Constructed modern facilitiesfor the Karaganda

Metallurgical Institute In Algeria Company gave

$100,000 aid

$242,000 corporatecontribution in 2005

Management & Employeesequally moved by devastationwhen hurricane KatrinaInflicted

This raised more than$500,000 for red cross

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Mittal Said:

The steel industry has always beenfragmented. The steel industry needs tobe consolidated, Mittal said in atelevision interview on CNN.

Steel makers across Asia are puttingdefensive measures in place to prevent

being swallowed by Arcelor Mittal.Mittal is combining with Luxembourg-based Arcelor SA in a $38.3 billiontransaction to create a companypouring a 10th of the world steel.

We are focusing on India and China,Mittal said on July 2007 inBhubanewas, India is a veryimportant milestone for us to remainthe biggest company in the global steelindustry.

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Leadership Style

A transactional leader:

Mittal is a transactional leaderwho guides and motivates hisfollowers in the direction ofestablished goals by clarifyingroles and task requirements.

The Leader in Mittal: A great individual A corporate leader in business Started the trend of mergers

around the world A caring family man A complete human being

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LESSON TO LEARN

The factory became gold which hetouched . He made gold mine hisfactory. He made DIAMOND from stonewith his efforts and hard working.

From this we learn that nothing is

impossible for us, the need is to havefaith and ambition to achieve goalsand a desire to be success then no one

can stop you.

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CONCLUSION

Aimed at creating value through the steel cycle

Improving operating capabilities

Improving cost competitiveness

Growth through optimal capital expenditure

Focusing our marketing efforts

Creating an environment that builds a high performanceculture

Be a responsible corporate citizen

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This is not about creating a giant. It'sabout creating the sustainability ofthe steel industry.

Lakshmi Niwas Mittal

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