Global Leader Carlos Slim Helu - Telecom Research Paper

Global Leader Carlos Slim Helu - telecommunication - Research Paper ExampleHow did such a young boy with no substantial wealthiness become the richest soul in the whole world? Business men intend to be bully and ruthless which he was but what made him so special that he remained the worlds richest person for three years even with the analogouss of Bill Gates breathing down his necks? Here we will evaluate to analyze his approach to task and his worth ethics and strategies that have driven his tremendous success (forbes, n.p.). From an earlyish age Carlos Slim showed exceptional ability in business related matters so his father who was an entrepreneur himself groomed him from an early stage. His father had fled Lebanon along with his brothers to make a living in Mexico and he survived the combative streets small-arm making a name in business. Carlos Slim was also raised to be in the same mould of competitive behavior and as time showed that appeared to be his main attribute i n achieving success. At the tender age of 12, he was handed his fathers real estate business which he co handed and did extraordinary work but his thoughts were focused on other things so he take uped an engineering degree and became a stockbroker and worked his magic in the stock business for some while with huge profits so much that by the age of 26, his net worth was forty cardinal dollars. But due to his nature, he never wanted to be in the stock business for unsp inuncted rather he wanted to become a real business man with permanent interests in the leading industries of the world. His phenomenal rise by trading stocks and later in all the leading businesses that he started commanding benefited from his outrageous talent of organizing and mastery of discrete mathematics. His level in the mastery of numbers and additive programming (even though it had tedious application back in the 1960s) was considered unparalleled and unique. It enabled him to understand the worth and the desirely of several fields that were not so profitable in the early days of their conception like the now trillion dollar industries of telecom, tobacco and oil. After doing considerable research and numerical study, he heady to buy the second largest tobacco company Cigatem in Mexico back in 1981 which made Marlboro brand of cigarettes (Rubin, 99). With expansion and modernization, he transformed the company into huge profits which he used to buy into more companies and gain control. Until now, Slim wasnt in the elite circle of businessmen but from now onwards he began the real climb towards success. In 1982, the oil prices went downhill due to the expansion of the Middle East oil well business which affected the Mexican economy so the businesses began to tumble and he took advantage of the stake and made ridiculously good bargains. He also invested in the Mexican businesses in USA like Hershey Corporation and Reynolds Aluminum and earned mighty profits. He also invested in t he Mexican financial services. He was a true ruthless businessman and from now onwards he started making total monopolies and herd competitors away with relative ease. His monopoly of the communication industry is also evident of this fact with Telmex and Movil his primary concerns nowadays which he purchased dirt cheap and helped transform them into the largest telecom operators in the region just because of the insight he possessed. In the later part of eighties, he purchased more large companies that had major futures in Aluminum, copper and chemicals and expanded his business.