(An analogy )
- Confidence: Naresh Goyal - aviation tycoon was born in Punjab . As his father died young; he had to suffer hard ships during his childhood and adolescence.
- Hard working: After completing his schooling ; he started working as a cashier in a small travel agency run by his maternal uncle in Delhi.
- He later completed his graduation in commerce and joined an international airlines as a General sales agent. He worked in many airlines in different roles.
- Networking: Well, he soon learnt ropes of trade and also made contacts across who's who of aviation sector.
- Jet Airways: It did not take him long to realize that India needed a low cost air lines carrier that provides better services at right time .With the help of his contacts ; he raised enough funds to launch Jet Airways in 1991.
- Respected: With his friendliness and generosity; Naresh Goyal earned respect of his employees and many others.
- Leadership: His life saga was seen as a hall mark of Indian entrepreneurship and he also earned a number of business awards .
- Arrogance: Nevertheless; many believe that over in his abilities made him take bad decisions. Although aviation sector was going through bad phase; but, he was often seen as a symbol of extravaganza
- Megalomania: Naturally, excessive expenditure led to heavy losses.Although, industry experts expected him to either resign or allow it run by others; he did not relent a bit.
- Backlash: Undoubtedly, his employees and lenders were not pleased and it led to massive protests .
- Resignation: Finally, he and his wife had to resign as Chairman and member of company board under unsavory circumstances. It was really a sad end of a leadership saga.
- Conclusion: Confident builds castle in air; arrogant bites the dust
- Pic credit: Google
- Note: Kindly appreciate it without taking offence !
Footnotes