Presentation onlife and leadership

ofDR. MUHAMMED

YUNUS

Presented By LIPON PAUL

Bangabandhu Sheikh Mujibur RahmanScience & Technology University.

Department of MANAGEMENTSemester : 2nd Year : 1ID:201111050162011-2012

Dr. Muhammed Yunus(1940-present)

"Banker to the Poor"

Early life

Born : On 28 June 1940, in the village of Bathua, by the Boxirhat Road in Hathazari, Chittagong.

Father : Hazi Dula Mia Shoudagar, a jeweler.

Mother : Sufia Khatun

Position on Family : The third of nine children.

Married : In 1974 Vera Forostenko, a student of Russian literature at Vanderbilt University.Yunus later married Afrozi Yunus, who is a professor of physics at Jahangirnagar University.

Education

Studied at Lamabazar Primary School in 1944 He passed the matriculation examination

from Chittagong Collegiate School securing the 16th position among 39,000 students in East Pakistan.

In 1957, he enrolled in the department of economics at Dhaka University.

Completed his BA in 1960 and MA in 1961.

After Graduation He was appointed as a lecturer in economics

in Chittagong college in 1961. Obtained his PhD in economics

from Vanderbilt University in the United States through the graduate program in Economic Development (GPED) in 1971.

From 1969 to 1972, Yunus was an assistant professor of economics at Middle Tennessee State University in Murfreesboro.

In 1971 he join Chittagong University as head of the Economics department.

He became involved with poverty reduction after observing the famine of 1974, and established a rural economic program as a research project.

"Banker to the Poor"

Professor Muhammad Yunus established the Grameen Bank in Bangladesh in 1983, fueled by the belief that credit is a fundamental human right. His objective was to help poor people escape from poverty by providing loans on terms suitable to them and by teaching them a few sound financial principles so they could help themselves.

From Dr. Yunus' personal loan of small amounts of money to destitute basket weavers in Bangladesh in the mid-70s, the Grameen Bank has advanced to the forefront of a burgeoning world movement toward eradicating poverty through micro lending. Replicas of the Grameen Bank model operate in more than 100 countries worldwide.

Recognition

Nobel Peace Prize Muhammad Yunus was awarded the

2006 Nobel Peace Prize, along with Grameen Bank, for their efforts to create economic and social development. In the prize announcement The Norwegian Nobel Committee mentioned.

Receiving Nobel Peace Prize

Dr. Yunus has been awarded 50 honorary doctorate degrees from universities across 20 countries, and 113 international awards from 26 different countries including state honors from 10 countries.

In January 2008, Houston, Texas declared 14 January as "Muhammad Yunus Day“.

On Google+, Professor Yunus is one of the most followed person worldwide, with over 1.7 million followers.

Others Awards Mohamed Shabdeen Award for Science

(1993),Sri Lanka Humanitarian Award (1993), CARE, USA; World Food Prize (1994), World Food Prize

Foundation, USA; independence Day Award (1987),

Bangladesh's highest award; King Hussein Humanitarian Leadership Award

(2000), King Hussien Foundation, Jordan;

Volvo Environment Prize (2003), Volvo Environment Prize Foundation, Sweden;

Nikkei Asia Prize for Regional Growth (2004), Nihon Keizai Shimbun, Japan;

Franklin D. Roosevelt Freedom Award (2006), Roosevelt Institute of The Netherlands;

The Seoul Peace Prize (2006); The Social Entrepreneur of the Year Award

at The Asian Award (2010).

Political activity In early 2006 Yunus, along with other members of

the civil society participated in a campaign for honest and clean candidates in national elections.

On 11 February 2007, Yunus wrote an open letter, published in the Bangladeshi newspaper Daily Star, where he asked citizens for views on his plan to float a political party to establish political goodwill, proper leadership and good governance.

Yunus finally announced that he is willing to launch a political party tentatively called Citizens' Power (Nagorik Shakti) on 18 February 2007.

Controversies

Since late November 2010, several allegations have been made against Yunus. These allegations started when a documentary, titled “Caught in Micro Debt”, was aired on Norwegian television on 30 November 2010, criticizing microcredit and blaming Grameen Bank on several points.

The allegations against Yunus turned political in nature when the government of Bangladesh – led by Sheikh Hasina Wajed, who reportedly has viewed Yunus as a political rival since he looked into setting up a political party in 2007 – suddenly turned against him and the concept of microfinance (which she had formerly championed The template Reference necessary is being considered for merging, accusing it of “sucking blood from the poor”

The Government announced a review into the activities of Grameen Bank on 11 January 2011.

On 15 February 2011, the Finance Minister of Bangladesh, Abul Maal Abdul Muhith, declared that Muhammad Yunus should “stay away” from Grameen Bank while it is being investigated.

On 8 March 2011, the Bangladeshi Court removed Yunus from Grameen Bank Managing Director.

Following Hillary Clinton, John Kerry expressed his support to Yunus in a statement released on 5 March 2011 and declared that he was “deeply concerned” by this affair. In Bangladesh, thousands of people protested and formed human chains on 5 March 2011 to support Yunus .

The allegations against Muhammad Yunus and Grameen Bank have been made in a context where some people have begun to question the effectiveness of microfinance, prompted by the actions of some for-profit MFIs in India and Mexico. Coercion, peer pressure and physical harassment have been reportedly used as loan repayment practices in some specific microfinance institutions. Commercialization of microcredit prompted Muhammad Yunus to state that he “never imagined that one day microcredit would give rise to its own breed of loan sharks.”

On 27 January 2011, Muhammad Yunus appeared on court about a food-adulteration case filed by the Dhaka City Corporation (DCC) Food Safety Court, accusing him of producing an “adulterated” yogurt in that the fat content would not comply with the legal minimum requirements

Research on YunusLeadership

Yunus Source Of Power

Legitimate power : Professor of the Economics department

Chittagong University. Managing Director of Grameen Bank. Chancellor of Glasgow University in Scotland.

Expertise power : Obtained PhD in economics from Vanderbilt

University in the United States.

Trait Theory Of Yunus Leadership

Personality Initiative Energy Fairness Objectivity Integrity Drive Ambition Co-operation

Yunus leadership style

Democratic : Take decision after consult Concern for poor people

Transformational leader :Muhammad Yunus has shown himself to be a leader who has managed to translate visions into practical action for the benefit of millions of people, not only in Bangladesh, but also in many other countries.

Analyzing Yunus Behavioural and Contingency leadership Theories

Employee-centre behaviour Consideration behaviour subordinate-centred leadership

(democratic choice) Situational leader

Managerial Grid

1 , 9 9 , 9

5 , 5

1 , 1 9 , 1

HIGH

LOW

LOW HIGH

Thank You All…

If You Have Any Questions,

PLEASE

Ask Me Now. . . . .