Reliance Industries Essay Example | Topics and Well Written Essays - 750 words

Reliance Industries - Essay ExamplePoza notes that as per the regulations outlined in Hindu succession laws, the eldest son of the household is entitle to become the successor after the death of the familys head (341). Consequently, this notion is also reflected in Hindu traditions and customs which favor the first-born of the family. Mukeshs arrival in the business, in many ways, echoed this custom as he embarked upon his responsibilities in a fashion that was similar to that of his father (Grant and Nicholson 44). Assessing the relationship that the sons shared with their parents it is understood that Dhirubhai was particularly partial(p) of Mukesh and therefore, chose to discuss the affairs of the business with him before seeking Anils point of view (Poza 348) which could have irked Mukeshs sibling. Another important role that the parents play for the sake of Reliance Industries and for their family was that of mediators. Whenever conflicts amidst the brothers arose, it was Dhir ubhai who took to a stand to resolve the issues by warning his sons and taking an spielion in order to ensure that family disputes did not act as hurdles in the achievement of business objectives (Poza 349). By March 2005, tensions between the brothers over the control and management of Reliance Industries had escalated which caused media scrutiny on the point to rise. Thus, it was Kokilaben who realized that the gravity of the situation begged for her intervention. Grant and Nicholson state that despite of her unwillingness to do so, Kokilaben initiated a process of arbitration that ultimately resulted in the distribution of the orders assets (49). Therefore, this component of the analysis certainly indicates the instrumental role of Dhirubhai and Kokilaben in Reliance Industries which could have not succeeded without their participation in its affairs. The succession of Reliance Industries to the near generation cannot be termed as a monumental success. In order to assess this statement, the paper explores the ramifications of the succession from the point of view of the Ambani family and from a business perspective. Dhirubhai was endlessly a firm believer in the concept of unity and trusted this notion as an article of faith, this observation first surfaced when he refused to separate Reliance upon the suggestion of his brothers (Grant and Nicholson 43). Similarly, Dhirubhais disapproval of family disputes and rifts especially between his sons is clearly observable from the fact that he would personally intervene to resolve any conflicts between Mukesh and Anil (Poza 348). Therefore, it can be stated Dhirubhai Ambani never wanted Reliance Industries to be partitioned. Grant and Nicholson claim that Kokilabens reluctance in dividing Reliance Industries was unambiguously clear when she intervened to resolve the issue in 2005 with the assistance of K V Kamath and Nimesh Kampani (49). The authors note that the continuation of Reliance Industries as a sin gle entity was to be a representation of Dhirubhais legacy which could not survive due to the dispute between Mukesh and Anil (Grant and Nicholson 49). Henceforth, the succession of the great Indian company cannot be termed as successful from the perspective of the Ambani fam