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Analysis of Kiran Mazumdar Shaw

As an Entrepreneur

Kiran Mazumdar Shaw, the chairperson of Biocon started her own business with just

Rs.10,000 in hand and a degree in Brewery, and went on to become a Richest womenEntrepreneur in India but actually she became an entrepreneur by accident. Mrs. Shaw

wanted to start her Brewing industry and in spite of her degree she established Biocon

in 1978 which lead to the foundation of India¶s Biotech industry. But still she has to

overcome difficulty as Banks refused to provide her loans due to the lack of assets

and as she was a women entrepreneur which was a rare phenomenon, and above all

Biotechnology was a new field at that point of time.

She has become the Poster Girl for Indian women Entrepreneur, and also a source of

inspiration to many others, though she had a number of failures she still became a

successful leader. In India Kiran Mazumdar Shaw is a motivator of all aspiring

women entrepreneurs.

Personality Traits

According to kiran Mazumdar Shaw a combination of several factors such as

Determination, Value, integrity and a sense of purpose which led her to built up a

valuable organisation through her effort.

Determination:

First when kiran Mazumdar Shaw approached financial institutions but they

refused it as:

Company had no assets.

Woman entrepreneur was a new word.

Biotechnology was a new concept to Indians.

In that stage also her determination to build up Biocon didn¶t turn down. As it

was first company in worldwide to produce Insulin and in October 2008 it

developed oral insulin too. As a leader she used to set a possible goals like

production of enzymes and antibodies from fermentation and research process.

Confidence:

Her confidence level is clearly seen through her activities as she started her

Business in relatively new and innovative field, also when bank refused loans

to Kiran she still went against all odds as a belief that women can be an

entrepreneur.

The confidence of Kiran was unexplainable when comparing that with the

challenges that she faced. These challenges have been evolved with the growth



of Biocon. Initial challenge that she faced was her young age, her gender and

the nature of unfamiliar business. There was no inflow of fund as banks

refused to give loans. Once she overcomes all these, she had to face

technological challenges to build a Biotech business in a country like India

which was not so good in infrastructure at that point of time. The high tech

biotech industry dependent on high quality, power, high technological lab,equipments etc.

Now the challenges has moved to maintain quality, about growth, managing a

large company and managing investor expectations like other CEO¶s.

Motivation:

In Biocon employees¶ feedback are being regularly asked so as to motivate

them and it will further help them to excel in their field. In Biocon

Performance checks are done annually and implement it at the end of the

financial year. It helps to measure employees¶ performance and also helps to

reduce grievances etc. They also conduct Behavioural training, leadership

programs, and also provide with compensation packages. Due to all these HR

polices, the Attrition rate of less than 1% has been seen in Biocon. She had set

up a mission for her to build pride into her workplace and also into her

country.

Work place principles which helped her to keep employees motivated are:

Excellence

Integrity

Accountability

Organizational Pride

Fairness

Learning

Informality in work place

Elegant and refined working environment

Socially Responsible:

Along with the growth of Biocon they also involved their support in various

community programs and corporate citizenship initiatives with a focus in the

areas of healthcare, education, and environment. The Biocon Foundation in

2004 has setup ³Arogya Raksha Yojana´ which is a unique health initiative for

rural India.



As a Leader

We say that kiran Mazumdar Shaw is a transformational leader as she had similar

personality traits like that of other transformational leaders such as Richard Branson

of virgin group, A.G. Lafley CEO of Proctor & Gamble. Kiran Shaw had a Vision of

her own and she never followed the footsteps of others or never bothered about whatothers think or say about her. She also possesses the ability to bring the changes or

transform her organisation, and she also has influential power to motivate and

encourage her employees to think innovative and keep on in research.

Eg. As book on Organisation Behaviour by Robins, Judge, Sanghi; describes A. G.

Lafley as a transformational leader as he has brought flexibility and creativity to a

slow growing company and also the innovations which helped them to achieve the no.

1st position from the 5th position in united state for their brand and doubled the sales

worldwide. Whereas Mrs. Shaw started her business with the initial capital of Rs

10,000 and at present the company is worth Rs. 1.79 crore. From this we can observe

that she was determined about her company¶s success and also has taken number of risks and continued innovating new products. As a result Biocon has become the

number 1 company in India.

Kiran Mazumdar Shaw has transformed Biocon from an enzyme company to a fully

integrated biopharmaceutical company therefore on this basis say that Mrs. Shaw is a

transformational leader.

Achievements of kiranMazumdar Shaw

Kiran Mazumdar Shaw is an entrepreneur who has the potential to take risk and she

succeeded in turning Biocon as India¶s largest biotechnological firm. She has won many

awards and honours. Some of the major awards and prizes are:

She is the list of 100 most powerful women (by Forbes, 2010)

Nikkei Asia Prizes- Regional Growth by Nikkei Inc. (2009)

Express pharmaceutical leadership summit award for dynamic entrepreneur (2009)

Businesswomen of the year by Economic Times (2009)

Honorary Doctorate from university of Abertay Dundee UK.(2007)

Wharton Infosys Business transformation Award (2006)

Padma Bhushan (2005)

Honorary Doctorate from Manipal Academy of Higher education±MAHE (2005)

Life time Achievement Award from Indian chamber of Commerce (2005)



Honorary Doctorate of Science from Ballard University (2004)

The Economic Times Business Women of the year (2004)

Whirlpool GR8 women award for science and technology (2004)

Australian Alumni High Achiever Award from the IDP Australian Alumni

Association (2003)

Ernst & Young Entrepreneur of the Year Award in Healthcare & Life Sciences

Category (2002)

Woman of the Year from the International Women's Association, Chennai (1998±

1999)

Padma Shri (1989)

Outstanding Young Person Award by Jaycees (1987)

Rotary award for the Best Model Employer (1983)

Outstanding Contribution Award (AWAKE) (1983)

Gold for Best Woman Entrepreneur, Institute of Marketing Management (1982)

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