Professional Documents
Culture Documents
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Binny Bansal
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Amazon. a significant online store. He worked at Amazon for only nine
months.
Binny founded Flipkart in 2007 and initially focused on selling
exclusively books. He invested 4 lakh rupees in the company when he
first launched it. Delivering books to residences was the first task. These
owners included both themselves and their staff. Before to using
scooters to delivery books to website users, Binny Bansal used to
purchase all of his publications. He used to visit bookstores and hand
out flyers for their business because the company lacked any particular
promotional tools. The company began to advance gradually. Eventually,
in 2008, he builds a office in flat with two computers in Bangalore. At
this point, they were receiving about 100 orders every day.
Locus of control
Internal factor:
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interview. He prefers to focus on his business, and he has recently
received for designing and building the e-commerce technology in India.
He stepped down from his position as CEO because he was alleged with
sexual harassment. Though the allegations were proved false later, his
way of approaching the solution by keeping everything to himself.
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other forms of technology. He is skilled in enlightening others,
motivating them, and inspiring them to achieve their goals. As a result,
he makes use of such skills to engage with his employees so that they
can understand the aspirations of the firm fluently. This results in
everyone operating under a single little thing, which leads to the
advanced performance of the organization. In addition to this, he
encourages his employees to contribute their ideas and works hard to
ensure that they are comfortable while they are on the job. Similarly, Mr.
Bansal likes to livelong opportunity to the younger breed because when
he was young, they create the opportunity. As a result, he wants to
provide the generation an opportunity to display their talent, which may
be more intellectual and work much better than the generation that
came before it. In addition, he believes the opinion that the formation of
a team that puts in long hours of work and offers opportunities to the
individuals in question is more extremely important than any other factor
- It resulted in improved social ties among workers and reduced stress levels
among employees; it fostered a feeling of community across workers in India;
and it was of great benefit to the employer community.
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How much do employees actually get to experience what the corporation has
planned to provide?
Why do they choose to work for that particular company, and how do people
feel about their careers there?
The findings of our focus group conversation with employees who operate in a
variety of jobs and scenarios demonstrate that Flipkart is, in fact, a one-of-a-
kind organisation to be employed by. The following ideas and quotations
describe their accomplishments as well as the atmosphere they experienced
while working at Flipkart: People are attracted to the company because of
binny bansal, who gives them a dream that is believable and encourages them
to stay there. In the last decade, I had not witnessed a model that was
successful in the field of training for interpersonal relationships.
In spite of the fact that the obstacles for each iteration appear to be
insurmountable, we have been successful in overcoming them every time.
Because of our previous accomplishment, we are now convinced that we will
be able to meet all of the company's requirements, despite the fact that there
will be six of them. An chance to really make a contribution by creating an
innovative approach to conducting business We were encouraged to have a
vision from the moment we started working for the organisation. The goal of
the organization, no matter the circumstances, is to find an ideal that will
improve the lives of other people.
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Theory Y, consumers love working, are creative, seek responsibility, and seem
to be able to self-direction.
Theory of Needs
The theory of wants, which analyses a person's need for achievement,
belonging, and power, was introduced by David McClelland and his co-
conspirators.
Self-Efficacy Theory
According to Bandura's theory of self-efficacy, those who have a high
level of self-efficacy are more likely to view challenging tasks as something that
should be worked through to become proficient at, rather than a chore that
should be avoided. People's faith in their capabilities to accomplish goals is
referred to as self-efficacy.
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Leadership Skills of Binny Bansal
The story isn't any loss unexpected when Binny Bansal founded Flipkart from
scratch. This is an incredible success story that teaches us that if we just start,
everything will fall into place. Binny bansal adaptability represents one of his
most valuable assets. He demonstrated his adaptability to a new environment
and changing circumstances. Along the way, we solved many essential
customer and supply issues. He is also an active angel investor and mentor,
having made more than 30 investment opportunities in the start-up
ecosystem.
Binny Bansal was appointed CEO of Flipkart in 2016, where he was responsible
for strategic development, direction, and business management. In 2017, he
was appointed CEO of the Flipkart Group, and his perception was given to
Kalyan Krishnamurthy. Walmart purchased a 77% stock of the Flipkart group in
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2018. Binny Bansal was appointed Chairman and Group CEO following the
acquisition.Successful leaders have problem-solving abilities. Binny Bansal uses
this ability to make rapid decisions, overcome obstacles, and produce quick
results. Following that, he must figure things out on his own and choose how
to proceed. That was the important life lesson he had understood in his
entrepreneurial career, he said. If he intends to be a business owner.
The founders were hell bent on establishing trust between Indian consumers,
and consumers doubled down on that goal by establishing and implementing a
no-questions-asked return policy, which was followed by a free replacement.
They were ready to sacrifice growth in exchange for customer satisfaction.
" Binny Bansal has a meeting with the company's leaders at least
once a week, and he meets each of his employees at least once a
month, to assess how things are going. These meetings are held in a
group format and with all new employees. A bulletin board system
(BBS) can be found on the internet, and it enables staff members to
express their ideas and perspectives. binny has a habit of engaging in
open and relaxed conversation with the personnel on zoom.
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plans for the next quarter, for the next six months, for the next year,
and for the next five years, and then boom! Black swan event occurs,
throwing every plan into chaos. When anything happens that we call
a "black swan," all of the preparations that have been made, even by
the brightest minds, are rendered useless. Which conclusions can we
draw from this? This reminds us that success comes not to those
who are well-prepared but to those who are nimble enough to adapt
on the fly. The ones who can pivot and adapt when necessary will
come out on top in the end with this strategy. Having a strategy is
not enough; what really matters is how quickly and easily you can
adapt to new circumstances.