netrashetty
Netra Shetty
Leadership Style at News Corporation : News Corporation (NASDAQ: NWS, NASDAQ: NWSA, ASX: NWS, ASX: NWSLV), often abbreviated to News Corp., is the world's third-largest media conglomerate (behind The Walt Disney Company and Time Warner) as of 2008, and the world's third largest in entertainment as of 2009.[5][6][7][8] The company's Chairman & Chief Executive Officer is Rupert Murdoch.
News Corporation is a publicly traded company listed on the NASDAQ, with secondary listings on the Australian Securities Exchange. Formerly incorporated in South Australia, the company was re-incorporated under Delaware General Corporation Law after a majority of shareholders approved the move on November 12, 2004. At present, News Corporation is headquartered at 1211 Avenue of the Americas (Sixth Ave.), in New York City, in the newer 1960s-1970s corridor of the Rockefeller Center complex.
Dominating, manipulating, never sentimental about business, keeps you on your toes, right-wing, a gambler, a catalyst for change, a dictator, a tyrant, and the greatest dealmaker of our time. These are all descriptions for the successful entrepreneur I have selected for discussion: Rupert Murdoch.
Born on 11th March 1931 in Melbourne, Australia, Rupert Murdoch was influenced by his parents, the Presbyterian Church, the Geelong Grammar School and the Flemington Race Course. Rupert Murdoch is a person with a love for business, in particular of the newspaper business, a passion he inherited from is father, Sir Keith Murdoch. His father’s family were enthusiastic members of the Free Church of Scotland. Rupert Murdoch’s mother gave him his love of risk-taking and a fiery determination. The Flemington Race Course was the first place where he started to gamble. “He contains within his character both an extraordinary gambling instinct and a certain dour Puritanism,” as William Shawcross (1992) describes him. (cited in Crainer 2002 p.4)
Rupert Murdoch studied economics at Oxford University’s Worcester College. After he graduated in 1952 he worked as sub-editor at Lord Beaverbrook’s Daily Express. The same year he inherited the Adelaide News from his father. What Murdoch inherited was no empire; it was a small regional newspaper, but he already had the energy and the will to conquer the mass market. He was very young when he was thrown in to the business, he had to make his own mistakes as well as deal with management all by himself. Early responsibility, the opportunity to learn and to make mistakes is, perhaps, one of the secrets to his success (Crainer 2002 p.6).
Rupert Murdoch founded the first Australian national newspaper The Australian in 1964. This placed him right at the centre of power; he soon became a national figure. Following this, in the United Kingdom he bought News of the World, The Sun, The Times and in the United States of America he purchased New York Post. During the 1980’s Rupert Murdoch created his empire of mass media on the international market. To be able to expand his company even further he became an American citizen in 1985. His company, News Corporations, owns business in technology, entertainment, publishing and the newspaper field. Rupert Murdoch is the Chairman and CEO of his company and has no intention of stepping aside. He is likely to be the most famous businessman in the world; “the global village’s de facto communications minister” (Landler 1993 cited in Crainer p.1). On one hand people describe him as media’s demon king; a dangerous person; greedy, money-grabbing, power-seeking, a status-climbing cad; a tycoon who is a danger to our democracy; one of the most powerful men on earth; but others are able to see his qualities as a human being.
So what is it that makes him such a successful businessman? What is his management style and what are his leadership characteristics?
I will now attempt to analyse Rupert Murdoch’s management style and leadership characteristics. Rupert Murdoch moves with the times, he is always thinking of the future, never of the past. His philosophy is to think of tomorrow today, otherwise he would not make it in the business world (Crainer 2002 p.101). He is constantly updating and developing his network of contacts. The cornerstone of good career management is networking, which is a daily commitment. Rupert Murdoch is well known for his style in using people to build his empire. However, he does not pay much attention to people, and those who are not doing their job do not belong there and simply have to go. His managers have to be prepared to receive a call in the middle of the night and inform him about their particular company. On the other hand Murdoch recruits strong people; mirrors of his own image. Kelvin MacKenzie and Andrew Neil are perfect examples of how some of his most successful executives have turned out to be larger than life personalities.
he Chairman and CEO of News Corporation is a household name and one of the most influential media moguls of our time. His empire services almost every continent, and whilst being known for his involvement in the newspaper industry, he has also become a powerful force in magazines, publishing, satellite television, film and the internet.
Murdoch took over the running of his father’s newspaper business and went on to acquire a string of daily and suburban newspapers. It didn’t stop there however and Murdoch expanded into both British and American media and was the first media tycoon to tap into the Chinese market.
It is no secret that expanding his interests has meant heavy subsidies from Murdoch’s other holdings. This is an approach that almost cost him News Corporation when its future was threatened by debts from his British based Sky Television network.
No stranger to controversy and criticism, Murdoch has been accused of using his media empire to promote policies which favour his commercial interests. This, coupled with the allegation of lowering the standards of everything he touches, means that Murdoch could never be described as pristine or universally popular. However he has never allowed any of this to alter his plans or halt his progress.
Murdoch is a man of overwhelming ambition, drive and determination, and is willing to use every resource available in order to achieve his goals. His seemingly unending focus on the future and the ability to embrace technology has made him the undoubted business success that he is today.
News Corporation is a publicly traded company listed on the NASDAQ, with secondary listings on the Australian Securities Exchange. Formerly incorporated in South Australia, the company was re-incorporated under Delaware General Corporation Law after a majority of shareholders approved the move on November 12, 2004. At present, News Corporation is headquartered at 1211 Avenue of the Americas (Sixth Ave.), in New York City, in the newer 1960s-1970s corridor of the Rockefeller Center complex.
Dominating, manipulating, never sentimental about business, keeps you on your toes, right-wing, a gambler, a catalyst for change, a dictator, a tyrant, and the greatest dealmaker of our time. These are all descriptions for the successful entrepreneur I have selected for discussion: Rupert Murdoch.
Born on 11th March 1931 in Melbourne, Australia, Rupert Murdoch was influenced by his parents, the Presbyterian Church, the Geelong Grammar School and the Flemington Race Course. Rupert Murdoch is a person with a love for business, in particular of the newspaper business, a passion he inherited from is father, Sir Keith Murdoch. His father’s family were enthusiastic members of the Free Church of Scotland. Rupert Murdoch’s mother gave him his love of risk-taking and a fiery determination. The Flemington Race Course was the first place where he started to gamble. “He contains within his character both an extraordinary gambling instinct and a certain dour Puritanism,” as William Shawcross (1992) describes him. (cited in Crainer 2002 p.4)
Rupert Murdoch studied economics at Oxford University’s Worcester College. After he graduated in 1952 he worked as sub-editor at Lord Beaverbrook’s Daily Express. The same year he inherited the Adelaide News from his father. What Murdoch inherited was no empire; it was a small regional newspaper, but he already had the energy and the will to conquer the mass market. He was very young when he was thrown in to the business, he had to make his own mistakes as well as deal with management all by himself. Early responsibility, the opportunity to learn and to make mistakes is, perhaps, one of the secrets to his success (Crainer 2002 p.6).
Rupert Murdoch founded the first Australian national newspaper The Australian in 1964. This placed him right at the centre of power; he soon became a national figure. Following this, in the United Kingdom he bought News of the World, The Sun, The Times and in the United States of America he purchased New York Post. During the 1980’s Rupert Murdoch created his empire of mass media on the international market. To be able to expand his company even further he became an American citizen in 1985. His company, News Corporations, owns business in technology, entertainment, publishing and the newspaper field. Rupert Murdoch is the Chairman and CEO of his company and has no intention of stepping aside. He is likely to be the most famous businessman in the world; “the global village’s de facto communications minister” (Landler 1993 cited in Crainer p.1). On one hand people describe him as media’s demon king; a dangerous person; greedy, money-grabbing, power-seeking, a status-climbing cad; a tycoon who is a danger to our democracy; one of the most powerful men on earth; but others are able to see his qualities as a human being.
So what is it that makes him such a successful businessman? What is his management style and what are his leadership characteristics?
I will now attempt to analyse Rupert Murdoch’s management style and leadership characteristics. Rupert Murdoch moves with the times, he is always thinking of the future, never of the past. His philosophy is to think of tomorrow today, otherwise he would not make it in the business world (Crainer 2002 p.101). He is constantly updating and developing his network of contacts. The cornerstone of good career management is networking, which is a daily commitment. Rupert Murdoch is well known for his style in using people to build his empire. However, he does not pay much attention to people, and those who are not doing their job do not belong there and simply have to go. His managers have to be prepared to receive a call in the middle of the night and inform him about their particular company. On the other hand Murdoch recruits strong people; mirrors of his own image. Kelvin MacKenzie and Andrew Neil are perfect examples of how some of his most successful executives have turned out to be larger than life personalities.
he Chairman and CEO of News Corporation is a household name and one of the most influential media moguls of our time. His empire services almost every continent, and whilst being known for his involvement in the newspaper industry, he has also become a powerful force in magazines, publishing, satellite television, film and the internet.
Murdoch took over the running of his father’s newspaper business and went on to acquire a string of daily and suburban newspapers. It didn’t stop there however and Murdoch expanded into both British and American media and was the first media tycoon to tap into the Chinese market.
It is no secret that expanding his interests has meant heavy subsidies from Murdoch’s other holdings. This is an approach that almost cost him News Corporation when its future was threatened by debts from his British based Sky Television network.
No stranger to controversy and criticism, Murdoch has been accused of using his media empire to promote policies which favour his commercial interests. This, coupled with the allegation of lowering the standards of everything he touches, means that Murdoch could never be described as pristine or universally popular. However he has never allowed any of this to alter his plans or halt his progress.
Murdoch is a man of overwhelming ambition, drive and determination, and is willing to use every resource available in order to achieve his goals. His seemingly unending focus on the future and the ability to embrace technology has made him the undoubted business success that he is today.
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