CORPORATE LEADERPROFESSOR DR. MUHAMMAD YUNUS

Presented ByGary Tarafder

PREVIEW• Introduction• Grameen Bank• Banker to the Poor• Social Business• Leadership traits & Personality• Charismatic & Transformation Leader• Z-Theory• Corporate Governance• Conclusion• References

INTRODUCTION• 1940 on 28th June, village of Bathua, at Hathazari, Chittagong, that was Eastern Bengal

• He was 3rd of 14th children • Father was successful business man as goldsmith • Sufia Khatun was biggest inspiration to help poor people• Professor Mohammad Yunus recipient 98 national and international awards for his ideas

GRAMEEN BANK• In 1974, Professor Muhammad Yunus from Chittagong University as led his student on field trip on poor village

• His students interviewed a poor women who made stools by bamboo

• He borrowed 15p to buy raw bamboo for each stool. • Sometimes rate as high as 10% a week, after repaying the middleman, she left penny profit margin.

• Professor Yunus realising that something must going wrong with the economic he was teaching.

• He took this matter own hand and from his pocket lent of 17 to 42 basket-weavers.

•Carried on giving out “micro-loan”, against the advice of banks and government

•Grameen Bank formed in 1983, meaning of ‘Village Bank’•In the process of whole bank was created as he done it opposite way to conventional bank.

•Rich-Poor, Man-Women, City-Village, Office-Home.•The name, the term micro credit•2,564 branches, 8.29 million borrowers serving by 19,800 staffs in 81,367 villages. Average $1.5 million in weekly instalment collected by Grameen Bank any working day. 97% borrower are women and 97% recovery rate.

•58 nations are applied Grameen Bank method, includes United State, Canada, France, Netherlands and Norway

GRAMEEN BANK FAMILIES’ ORGANIZATION

• Grameen Communication• Grameen Trust• Grameen fund• Grameen Phone• Grameen Telecom• Grameen Shakti/ Energy• Grameen Shikkha/ Education• Grameen Knitwear Limited• Grameen Solution• And Grameen Byabosa Bikash

SOCIAL BUSINESS• Why is poverty?• Is it in the person is something missing in the person or something else

• Poverty is not made by the poor.• Bonsai Tree• Business to make money• Human being stuck• It’s part of us but not whole of us• It’s called social business• Baggers

LEADERSHIP TRAITS & PERSONALITY

• Awareness• Empathy• Accountability• Confidence• Honesty• Focus• Inspiration• Agreeableness

Sociability/ SensitivityEmotional Intelligence

CHARISMATIC AND TRANSFORMATIONAL LEADER

• Socialized CharismaticWilling to take personal riskSensitive to follower needHigh Energy

• Inspires to follower to beyond self-interest• Provide Vision and sense of mission• Took older issue to new way

Z THEORY• Dr. William Ouchi’s• American and Japanese management philosophy and characterized• Long term job security• Individual responsibility with team work• Slow evaluation and promotion process• And consensual decision making

EMPLOYEE SELECTION AND TRAINING AT GRAMEEN BANK

• Who have no work experience• Person must come from disadvantage back ground• Never hire expert who previous work in banking industry• Pick up young fresh people• Young employee love to work with team and take responsibility• Who do not have any work experience at all, they are committed for the company and energetic, passionate for decision making

• Grameen Bank staff punished if they see in office.

CORPORATE GOVERNANCE•Managing Director of Grameen Bank until 2011•One man was running this organization but it was decentralize everything.

•Investor are confident•Borrower own Grameen Bank•Nine Board of Director who are women selected from borrower all over the country and represent them

•Bangladesh Government take over Grameen•Chairman Mr.Tarabak Husain Former Foreign Security, Government of Bangladesh

•Director Ferdous Ara Begum, Additional Secretary, Ministry of Establishment,

•Mr. Kamrul Hasan, Additional Secretary, Ministry of Finance

ORGANIZATION FLOW CHART

CONCLUSION• The real power of Dr. Yunus was trust, honesty and sympathy of poor people

• Limited success in developed country class of homeless people through micro finance

• Unable to adapt vision long tern micro finance • Success of Grameen Bank came from Micro Finance and new system of banking

• He is one of the greatest leader change the meaning of capital as well as the meaning lives many poor people around the globe

• The last hope left those faced with absolute poverty is credit.

• Yunus believe that credit should be human fundament right.

REFERENCES•Barnett, T. (2011, March). Theory Z. Retrieved August 25, 2014, from Referance for Business: http://www.referenceforbusiness.com/management/Str-Ti/Theory-Z.html•Black, L. (2012, September 12). The Guardian. Retrieved August 23, 2014, from Muhammad Yunus: the model social enterprise leader?: http://www.theguardian.com/social-enterprise-network/2012/sep/12/muhammad-yunus-social-enterprise-leader•Board of Directors. (2014, July 14). Retrieved August 28, 2014, from Grameen Bank: http://www.grameen-info.org/index.php?option=com_content&task=view&id=321&Itemid=332•Butzloff, P. R. (2007, January 3). Leadership styles. Muhammad Yunus: an entrepreneurial leader analysis with strategic implications.,

7(2), 52. doi:1555-1296•Global Business Learning. (2014, May 04). Retrieved August 23, 2014, from The Growth Faculty: http://www.thegrowthfaculty.com.au/thought-leaders/muhammad-yunus#.U_rhbdHloaJ•Grameen Bank. (2014, August 20). Retrieved August 22, 2014, from Biography of Dr. Muhammad Yunus: http://www.grameen-info.org/index.php?option=com_content&task=view&id=329&Itemid=363•Micro Credit Finance for Beggars. (2008, January 17). San Francisco, CA, United State Of America.•Muhammad Yunus - Insight. (2014, January 05). Retrieved August 24, 2014, from A vision. A bank. A leader: http://rolandoedward.tripod.com/id4.html•Professor Muhammad Yunus. (2014, August 22). Retrieved August 22, 2014, from Grameen Bank: http://www.grameen-info.org/index.php?option=com_content&task=view&id=29&Itemid=140•The Nobel Peace Prize 2006. (2014, August 22). Retrieved August 22, 2014, from Nobel Prize Laureates: http://www.nobelprize.org/nobel_prizes/peace/laureates/2006/yunus-bio.html•To Eliminatethe Blindness. (2014, August 23). Retrieved 25 August, 2014, from Aravind Eye Care Hospital: http://www.aravind.org/Default.aspx•Tsanis, K. (2014, August 01). A Leadership Case Study. Retrieved August 23, 2014, from International Journal of Young Leaders: http://leadersjournal.org/index.php?option=com_content&view=article&id=84&Itemid=94•Tsanis, K. (2014). International Journal of Young Leaders. A Leadership Case Study, 4. Retrieved August 22, 2014, from http://leadersjournal.org/index.php?option=com_content&view=article&id=84&Itemid=94•Yunus, P. D. (2011). Inspiring speech for a better world by Bangladeshi Muhammad Yunus of Grameen Bank. [Compact Disc]. United State of America. Retrieved August 23, 2014, from https://ed.grammarly.com/register/signup/report_pale/?newv=1