Sunday 30 June 2013

Biography of Tony Fernandes, Founder & CEO of AirAsia


“In AirAsia we consider ourselves basically a dream factory…We deliberately decided that we wanted a company where people can pursue their passion and we wanted to make use of all the talent that we have in-house.  The culture that we have stems from the fact that we want openness and we want people to be creative and passionate about what they do. In order to do that, we’ve got to inspire them.”
Tony Fernandes
CEO and Founder
AirAsia
Credit: Chris Forrest Harvey


About:
Anthony Francis Fernandes, better known as Tony Fernandes, is the perfect fit as the “ultimate dreamer and adventurer in business”.
In October 2001, Fernandes mortgaged his home and used up his personal savings to acquire a heavily-indebted Malaysian government-owned airline called AirAsia.  Even after knowing that he was buying two ageing Boeing 737 jets, 200 employees and $11 million debt, Fernandes went ahead with his “purchase” as he was a risk-taker and a believer of making the impossible possible.  Fortunately, despite his inexperience in airline operation, the former managing director of Warner Music Malaysia was able to reform AirAsia into one of the most successful low fare carriers in the world.
The secret to the success of AirAsia lies in the recipe of great management style and unique culture which Fernandes has passionately concocted.  He works hard and finds creative ways to create an environment for his “Allstars” (what AirAsia call its employees) to continuously improve, learn and most desirably, achieve their dream.

References


Howard Schultz
Batchelor, B., & Krister, K. (2012) Starbucks: A case study examining power and culture via radical sociodrama

Groth, A. (2011). 19 Amazing Ways CEO Howard Schultz Saved Starbuck

A+E Networks (2013). Howard Schultz biography 

Biography of Howard Schultz, CEO of Starbucks Coffee



In 1982, Howard Schultz was hired as director of retail operations in Starbucks. He was impressed with the concept and feelings from Starbucks, however, he was disappointed with the leadership of the original owners, and left in 1985. He opened his own coffee chain, Il Giornale, which became very successful. 2 years later, Schultz purchased Starbucks and merged it with Il Giornale. Subsequently, he became CEO and chairman of the Starbucks. He stepped down as CEO in 2000, but returned again in 2008.
Starbucks has achieved financial success for two reasons. First, the company excels at building relationships with customers and other stakeholders through language and symbols. Second, Starbucks uses language and symbols to exercise power, create a community based on aspirations. Consumers yearn to live a Starbucks lifestyle.