Most Inspiring Business Leaders to Watch in 2024

Page 1


Vilnius

Marlboro

MARKETING COORDINATOR (APAC)

Suchita P.

PR & MARKETING COORDINATOR

James H.

BUSINESS DEVELOPMENT EXECUTIVE

Namrata A.

CREATIVE CONTENT EDITOR

Shalmali W.

CREATIVE DESIGN HEAD

Sankalp K.

Mahadev P. GRAPHIC DESIGNER

SOCIAL MEDIA MANAGER

Narendra S.

DIGITAL CIRCULATION MANAGER

Amanda V.

Pioneers of Progress

DearReaders,

Aswestepinto2024,ayearbrimmingwithpossibilitiesandchallenges,wearethrilledto presentourspecialissue, This “MostInspiringBusinessLeaderstoWatchin2024.” editionisatributetothevisionaryleaderswhoarenotonlynavigatingthecomplexitiesof themodernbusinesslandscapebutarealsosettingnewbenchmarksforinnovation, resilience,andethicalleadership.

Inaworldthatisrapidlyevolving,theroleofabusinessleaderhasneverbeenmore critical.Theindividualsfeaturedinthisissueembodytheessenceofleadershipinthe21st century.Theyaretheoneswhoareredefiningindustries,breakingbarriers,anddriving changewithasenseofpurposeandpassion.Theirstoriesarenotjustaboutsuccessbut abouttherelentlesspursuitofexcellence,thecouragetotakerisks,andthecommitmentto makingapositiveimpactonsociety.

Eachprofileinthisissueisatestamenttothepowerofvision,determination,andthe abilitytoinspireothers.Theseleadersarenotjustmakingheadlines;theyareshapingthe futureofbusiness.Wehopethattheirjourneyswilligniteyouraspirationsandprovide valuableinsightsthatyoucanapplyinyourpersonalandprofessionalendeavors.

Onthecoverstoryofthismagazine,wehavefeaturedPawanBangar,CEOofBirbalsInc., isamodernleaderwhocombinesadaptability,technologicalexpertise,andastrong commitmenttodiversityandinclusion.Hisleadershipismorethanjustknowingwhatto do;it’saboutknowingwhatnottodo.Heisskilledatmakingstrategicdecisions, effectivelybalancingimmediateneedswithlong-termgoals.

Asyouexplorethepagesofthisissue,weencourageyoutoreflectonthequalitiesthat makealeadertrulyinspiring.Letthesestoriesserveasareminderthatwiththeright mindsetandaclearpurpose,anythingispossible.

Onthecoverstoryofthismagazine,wehavefeatured PawanBangar,CEOofBirbalsInc.,isamodern leaderwhocombinesadaptability,technological expertise,andastrongcommitmenttodiversityand inclusion.Hisleadershipismorethanjustknowing whattodo;it’saboutknowingwhatnottodo.Heis skilledatmakingstrategicdecisions,effectively balancingimmediateneedswithlong-termgoals.

Pawanrecognizestheimportanceofstayinginformed aboutevolvingmarketdynamicsinhisrole.He engagesincontinuouslearningthroughindustry conferences,andseminars,andattendsexecutive educationprogramsfromvariousprestigiousschools. Bymonitoringtechnologicaladvancements,market trends,andemergingbusinessmodels,hepositions himselftoanticipatechangesandmakestrategic decisionsforthecompany.

OneofPawan’ssignificantachievementshasbeen establishingandgrowingBirbalsInc.intoaprominent leaderintheITservicesindustry.Overthepast20+ years,hehasmaintainedastrongfocusonclient satisfaction,whichisevidentinthecompany’srecord ofnonegativereviews.Underhisleadership,Birbals Inc.hasdevelopedanddeliveredinnovativesolutions thathaveconsistentlymetorexceededclient expectations,resultinginlong-termpartnershipsanda solidmarketreputation.Additionally,Pawan’s completionoftheGlobalC-SuiteProgramatThe WhartonSchoolhasenhancedhisstrategicleadership skills,positioninghimtoadvancethecompany further.

10 PAWAN BANGAR

UPSHOT BLOG

Vilnius A City Built on Beliefs, Art, History, and Rich Culture

Top 10 Richest Women in the World in 2024

CASE STUDY ARTICLE

38

Marlboro From ‘Mild as May’ to the Iconic ‘The Marlboro Man’

How Intelligent Document Processing Can Drive Business Growth? 20

46

A Modern Leader at the Forefront of Technology and Diversity Pawan Bangar

Pawan Bangar, CEO of Birbals Inc., is a modern leader who combines adaptability, technological expertise, and a strong commitment to diversity and inclusion. He understands that success in today's competitive world goes beyond technical skills—it requires emotional intelligence, the ability to spark innovation, and the talent to inspire and motivate a diverse team.

His leadership is more than just knowing what to do; it's about knowing what not to do. He is skilled at making strategic decisions, effectively balancing immediate needs with long-term goals. In a constantly changing environment, Pawan's resilience and ability to steer through uncertainty keep Birbals Inc. exible and ready to adapt whenever necessary.

CEO

Cover Story

ForgedbyChallenges

Pawan'sjourneystartedinasmall villageinPunjab,India,wherehe learnedtheimportanceofperseverance fromayoungage.Inhisearly twenties,hebeganhiscareerinweb development.Aturningpointcame whenhefacedrejectionboth professionallyandpersonally,but insteadoflettingitholdhimback,he useditasmotivationtostrivefor success.

Intheearly2000s,Pawandecidedto establishBirbals,drivenbyadeep passionforinnovationanda commitmenttocreatingsolutionsthat tacklereal-worldchallenges. Throughouthisjourney,hisbeliefin thepoweroftechnologytotransform industriesandimproveliveshasbeen theguidingforcebehindhiswork.

TransformingPotentialintoPower

BirbalsInc.wasfoundedinJuly2003 toprovideinnovativeITsolutions designedtohelpbusinessesachieve theirfullpotential.Thecompany's visionistobecomeagloballeaderin thetechnologysector,offering productsandservicesthatsupport digitaltransformationandcreate lastingvalueforitsclients.

Overtheyears,BirbalsInc.has providedvariousdigitalrevolutionary services,includingAI-drivensolutions, blockchaindevelopment,andstrategic consulting.Thecompanydifferentiates itselfthroughitsexpertiseinemerging technologiesanditscommitmentto deliveringcustomizedsolutionsthat meettheuniqueneedsofeachclient. Byfocusingoninnovationand continuousimprovement,BirbalsInc. aimstokeepitsclientsattheforefront oftheirrespectiveindustries.

“Leadership has evolved signicantly in recent years, driven by rapid technological advancements and the growing emphasis on diversity and inclusivity. Modern leaders must be adaptable, technologically savvy, and open to new ideas and perspectives.

— quotes Pawan.

Continuous Learning for Strategic Leadership

Pawan recognizes the importance of staying informed about evolving market dynamics in his role. He engages in continuous learning through industry conferences, seminars, and attending executive education programs from various prestigious schools. By monitoring technological advancements, market trends, and emerging business models, he positions himself to anticipate changes and make strategic decisions for the company.

His responsibilities include setting the company's strategic direction, overseeing daily operations, and managing nances and budgets. Pawan also focuses on building and maintaining relationships with employees, clients, partners, and vendors to ensure alignment with the company's mission and vision. Additionally, he plays a role in driving innovation within the organization, fostering a culture that supports creativity and continuous improvement.

Cover Story

BuildingaVisionaryTeamatBirbalsInc.

PawanhasfacedvariouschallengesinhiscareerintheITindustry,includingadaptingtonewtechnologiesandthefast-paced natureofthefield.Managingaglobalcompanyhasrequiredadelicatebalancebetweenstayingcurrentwithtechnological trendsandoverseeingdailyoperations.Onenotablechallengehasbeenbuildingateamthatshareshisvisionandvalueswhile keepingthecompanycompetitiveinadynamicmarket.

BirbalsInc.focusesontheoverallwell-beinganddevelopmentofemployees.Thecompanypromotesacollaborativeand inclusiveworkenvironmentwhereeveryteammemberfeelsvaluedandisencouragedtocontributetheirbest.Thecompany cultureemphasizestrust,transparency,andmutualrespect,whichsupportsemployeesatisfactionanddrivesinnovationand productivity Astress-freeenvironment,respectforwork-lifebalance,andacommitmenttomentalwell-beingarepriorities. Additionally,BirbalsInc.investsinongoinglearninganddevelopmenttokeeptheteamattheforefrontofindustry advancements

.ALegacyofExcellenceand Innovation

OneofPawan'ssignificant achievementshasbeenestablishing andgrowingBirbalsInc.intoa prominentleaderintheITservices industry.Overthepast20+years,he hasmaintainedastrongfocusonclient satisfaction,whichisevidentinthe company'srecordofnonegative reviews.Underhisleadership,Birbals Inc.hasdevelopedanddelivered innovativesolutionsthathave consistentlymetorexceededclient expectations,resultinginlong-term partnershipsandasolidmarket reputation.Additionally,Pawan's completionoftheGlobalC-Suite ProgramatTheWhartonSchoolhas enhancedhisstrategicleadershipskills, positioninghimtoadvancethe companyfurther.

BuildingLastingClient Relationships

BirbalsInc.'ssustainedsuccesscanbe attributedtoitsconsistentcommitment toexcellence,adaptability,andfocus oncustomersatisfaction.Thecompany placesimportanceondevelopinglongtermrelationshipswithclients, understandingtheirrequirements,and deliveringsolutionsthataimtomeet andexceedexpectations.The company'steamandinnovativeculture alsoplayasignificantroleinits ongoingsuccessandgrowth.Clients oftencommendBirbalsInc.'sabilityto providehigh-qualityandinnovative solutionsthatbringaboutmeaningful businessresults.

Oneclientmentioned, “Birbals Inc. has been instrumental in our digital transformation journey. Their expertise in AI and blockchain has helped us unlock new opportunities and achieve significant operational efficiencies.”

Anotherclientstated, “The team at Birbals Inc. is highly professional and responsive. They take the time to understand our needs and always deliver beyond our expectations.”

InspirationinInnovation

PawanviewsJayChaudhry,CEOofZscaler, asasignificantsourceofinspiration. Chaudhry'srisefrommodestbeginningsto leadingaprominentglobalcybersecurity companyisnotable.Pawanisparticularly impressedbyChaudhry'sforward-thinking leadershipandhisconsistentdrivefor innovationinafieldthatisalwayschanging. Chaudhryhasestablishedacompanythatnot onlyanticipatesthefutureofcybersecuritybut alsosetsahighstandardforit.Hisabilityto stayaheadofindustrytrends,adapttomarket developments,andmaintainastrongethical approachtobusinessalignswithPawan's leadershipvaluesandgoals.

BalancingWorkandLife

Pawanbelievesthatmaintainingawork-life balanceiscrucialforbothproductivityand personalwell-being.Heachievesthisby settingclearboundariesbetweenworkand personaltime,effectivelydelegatingtasks,and makingself-careapriority.Outsideofwork, Pawanhasastronginterestinneuroscience andconsumerbehavior,whichheexplores throughreadingandattendingworkshops.He alsoenjoysspendingqualitytimewithhis family,particularlytakinghisteenagesonto basketballclassesandtournaments.These activitieshelphimrechargeanddeepenhis connectionwithhisson,keepinghimfocused andenergizedinhisprofessionallife.

ExpandingAISolutionsforTomorrow

Lookingahead,BirbalsInc.isplanningto broadenitsrangeofAI-drivensolutions, focusingoncreatingadvancedpredictive analyticstoolsandintelligentautomation systems.Thecompanyisalsoexploringnew opportunitiesinthemetaverseandWeb3,to developinnovativeproductsthatwillshape thefutureofdigitalinteractions.Bystaying committedtoleading-edgetechnology,Birbals Inc.isdedicatedtodeliveringsolutionsthat meetthechangingneedsofitsclients.

Blueprint for Leadership Growth

Pawan advises young business leaders to keep learning and stay adaptable. He believes that success comes from stepping out of your comfort zone and being open to new opportunities. Pawan also stresses the importance of building a strong network of mentors and peers who can offer guidance and support. Leading with integrity and staying true to your values, he says, will earn you the trust and respect of your team and stakeholders.

Additionally, Pawan highlights the importance of giving back, especially by supporting your school alumni. He believes that if every leader took the initiative to help where they came from, it would make a signicant and positive impact on the community.

A City Built on Beliefs, Art, History, and Rich Culture

Vilnius, the capital of Lithuania, is one of the oldest cities in northern Europe. Did you know that it is considered the second most populous city in the Baltic States? It is known for its architectural masterpiece and is regarded as one of Europe’s largest and best-preserved old towns. When you visit this city, you will enjoy the scenic landscape and rivers that might relieve you from your daily chaos. These are some of the reasons that make this city a tourism asset, and a trip to this city is worth giving a shot.

In this article, you will get a glimpse of this city, its rich culture, heritage, food, and much more that might entice you to visit this artistic city.

Things You Should Not Miss Doing

Take in the Views of this Old Town from a Hot Air Balloon.

This activity, especially in the evening during the warmer months, can give you a unique experience in the hot air balloon. It is a soothing ride of 1 hour in the sky, you’ll enjoy the undeniable beauty of UNESCO of this Old Town. The ride will give you a top view of the historical buildings, streets, rivers, and colorful streets.

Self-Guided Kayaking on Žeimena River

Žeimena River is located near the border of the Švenčionys and Vilnius districts. It is known as one of the cleanest rivers in Lithuania, as it ows through Sand Dunes, making it the best choice for Kayaking. Swimmers can bask in this activity with the help of a rented kayak. It’s a relaxing, easy, and chilled ride. You will encounter pine trees, cozy furnished stops, and a few villages on your way.

Biking Vilnius on a Scooter

You can tour this city on an electric scooter with a local guide. If you want to have some fun activities but have less time, this is the best activity for traveling to UNESCO’s listed Old Town. On the way, you will explore the main streets, rivers, bridges, and some panoramic spots of this city. Historical landmarks, awless architecture, and artistic streets & buildings are some things that you can notice while you are riding.

Experience the Joy of Flea Markets.

Vilnius has many ea markets where you can nd beautiful handcrafts, antiques, vintage clothing, rare collectibles, and Soviet-era memorabilia. You can interact with these local vendors and buy unique jewelry that reects its history and vibrant arts scene. In this market, you can also nd the best Lithuanian honey. It is a local specialty worth trying, which is infused with herbs and spices. Kalvarijų Market is a well-known place if you are looking for herbs & spices, spices like dill and caraway seeds, other spices like juniper Berries, paprika, thyme, and allspice (a mix of different spices used in both sweet and savory dishes) is something that you can expect from this market.

Make Sure to Visit these Places

Thiscityisablendofhistoryandmodernity.Asyouwalkonthestreetsofthiscity,youwillencountersomeofthemost visitedplaces,museums,viewpoints,churches,andpilgrimagesrecommendedbybelovedlocalsandvisitors.

Discover some of the most loved places by the locals.

Ÿ GlassQuarter

TheGlassQuarterisoneoftheoldestplaceshiddenamongthebigstreetsofVilnius.Itissurroundedbyjewelers,local artists,craftandworkshops,cozyrestaurants,theheadquartersofthechamberorchestra,artgalleries,andtheStikliaiHotel.

Ÿ TheGediminasTower

Ifyouwanttoadmirethesunsetandspectacularviewoftheentirecity,youareattherightplace.Thistowerhasthreefloors andthefirstfloorexhibitsjewelryandmilitaryartifacts.Thesecondfloorcontainsaninteractiveexhibition,whichgivesyou theexperienceofhistoriceventsthathavetakenplaceinthecountry.Onthethirdfloor,visitorscangetaglimpseofoneof themostmemorablehistoricalevents:‘Thebiganti-Sovietdemonstrations’.ThiseventtookplaceinAugust1989.

Ÿ Užupis

ItisthesmallestandmostvibrantdistrictinVilnius.ItisseparatedfromtheOldTownbytheVilnelėRiver Youcanmake yourwayunderUžupisBridge.Thisplaceisfamousforitsopen-airsculpturesandinstallations,whichareconstantly changing.Youwillgettosee‘theAngelofUžupis’inthisplace,whichwassuggestedbythe‘DalaiLama’duringoneofhis visitstothecity.

Explore these Famous Museums that You can’t Afford to Miss

• AutoMuseum

Theautomuseumhasover100cars,fromitsfirstmotorvehiclestomodernsupercars. Youwilluncovertheworld-classhistoricalcarmuseuminthelegendaryVilniusTaxi Park.Thismuseumrepresentstheevolutionofcars.

• RailwayMuseum

TheRailwayMuseumwasestablishedin1966.Twelveexhibitsarespreadoverthe 7,100m2open-airexhibitionarea.Thismuseumdisplaysroadvehicles,wagons,trains, locomotives,awatersteampump,awagonheatingboiler,anoldroadworkerhammer, andoldscales.Itissituatedonthesecondfloorandisdividedintothreehalls.Thefirst hallrepresentsinformation(exhibition),thesecondoneisforcultural(exhibitionsand events),andthethirdonehaseducationalmodels.

• Vilnil.MuseumofIllusions

Vilnil.MuseumofIllusionsisa600m2spacemuseumwherephysicsandopticsare displayedtogetherwithmysteriousartworksandclassicalriddles.Theresearchersof thismuseumareoftenresearchingtheworldofscienceandart.Theyareconstantly lookingfornewartisticsolutions.Moreover,ithasbeencomplimentedforopeningthe exclusive2DCafe.Theseinterestingillusionswillmakeyoucuriousandbringsmilesto yourface.

Churches and Pilgrimages that One Must

Experience

VilniusCathedral(CathedralBasilicaof St.StanislausandSt.Vladislav)

VilniusCathedralChurchislocatedin CathedralSquareandisconsideredtobethe mostworshipedandsignificantsitein Lithuanianhistory.Itisamajorarchitectural landmarkandattractsnumerousvisitorsdue toitsbeautifulexteriorandinteriorstyles.

Thischurchisoneofthemosticoniclandmarksin thiscity,Lithuania.Thischurchwasbuiltwiththe helpofvariouscraftsmenandartistswhoseuniqueart hasmadethischurchsosignificant.GothicBrickwork isusedtoconstructtheexteriorofthischurchandis recognizedasakeyfeatureforthesame.Thechurch hasgonethroughvariousrestorationstomaintainits uniquearchitecturalfeatures.

ThischurchisknownforitsBaroquearchitecture, opulentinterior,andhistoricalsignificance.Thischurch wasbuiltinthelate1700sandisamajorattractionfor touristsduetoitsBaroquearchitectureandlavish interior.Severalreligiousceremoniesandregular servicesarehostedhere.

Wehopetheserecommendationshavegivenyouvaluableinsightsandguidanceforyourupcomingtriporifyouare currentlyinthecity

St.Anne’sChurch
St.PeterandSt.Paul’sChurch

Top Recommended Local Dishes with the Restaurants

Cepelinai (Zeppelins)

This dish is typically made of large potato dumplings. It is lled with meat, cheese, and mushrooms. They are served with sour cream and bacon bits. It is loved so much by the people there that it is cooked at least once a month.

Best Place to have: Etno Dvaras

Šaltibarščiai (Cold Beet Soup)

Who would not love a cold beet soup on a warm day? It is recognized as the world’s most aesthetic cold soup. This soup is bright pink, as it gets the natural color of the beet. Three more ingredients like ker cucumbers, and dill are added to it which makes it incredibly tasty. Finally, it’s garnished with boiled eggs and served with boiled potato.

Best place to have: Restaurant Lokys Kibinai

Turkic Karaites are one such minority group who have invented Kibinai. It is a traditional dish of these people living in Trakai. One can enjoy a Kibinai piece by traveling from Vilnius to Trakai. The pastries are lled with mutton, beef, or vegetables. It is the perfect evening snack that is available in any Trakai café.

Best place to have: Senoji Kibinine

Bulviniai Blynai (Potato Pancakes)

Pancakes! Who doesn’t enjoy them, whether they be salty or sweet? This crispy potato pancake is enjoyed by the young and old. You can relish it with sour cream or mushroom sauce.

Best place to have: Gusto Blynine

Sakotis

Sakotis is a delicious dessert you can try after your meal. This dish is made with butter, 100 eggs, sugar, and a secret ingredient. It’s usually cooked for weddings and parties. It is also called tree cake and is generally served with coffee. You might get one type of it at Sudovia and another at Druskininkai. This dish will satisfy your sweet cravings

Best place to have: Coffee 1

Vilniusisadevelopedcityandisknownastheeconomicheart ofLithuania.Thiscitycovers⅓ofthepopulationof Lithuania’scountry Theincomeisconsiderablyhigh,andthe averagecostoflivingperpersoninthecityisaround500to 1200EUR.

Itgeneratesaround42.4%ofthenationalGDP.Theeconomy ofthiscitycontinuestogrow.Themanufacturingsector constitutesthebiggestpartofGDPinLithuania.Many manufacturingindustriesarepresentinVilnius.

Asweknow,thetechsectorhasevolvedalotafterCOVID-19, andthetechindustriesarerapidlygrowinginLithuania.

Higher Education for International Students and Job Opportunities

IfyouarenewandlookingforajobinVilnius,thereare severalopportunities.Ifyouaretech-savvy,youcanworkasa UI/UXdesigner,softwaredeveloper,datascientist,and informationsecurityanalyst.YoucanalsoworkasanHR, lawyer,projectmanager,marketresearcher,andmuchmore.

Studentscanearnandlearnbyattendingcareerfairsand mentorshipprogramslike‘BeFriend’and‘LandaJobin Vilnius’.Thesehelpstudentswithjobopportunitiesinvarious industries.Thiscityprovidesqualityeducationtostudents, excitingnightlife,lowrents,andattractivediscounts.

Interesting Facts about the City

• Kernavė, Trakai, and Kaunas were the rst three capitals before Vilnius became the capital of Lithuania.

• The Vilnius TV Tower’s height is 326.5 meters and is the tallest building in Lithuania. It symbolizes the country’s Soviet past and its journey towards Independence.

• The climate of this city is cool and markedly seasonal. Generally, tourists prefer to travel to this city during the warmer spring and summer.

• In 2009, this city was declared the ‘European Capital of Culture’ due to its nightlife.

• Lithuania is ranked 19th globally but has secured a top spot in under-30 rankings in the World’s Happiest Place to Live category.

• During Christmas, this city turns itself into a Winter Wonderland. Various activities like ice skating, traditional market stalls, and festive performances are held.

• ‘Gate of Dawn’ is the most famous pilgrimage and a tourist attraction.

• This city is recognized as an attractive destination for foreign direct investment (FDI).

The localities here are friendly and welcoming. You can roam this city by foot, bike, or whatever makes you feel comfortable. This city is a blend of old and new, so if you want to enjoy the lively nightlife and cultural fests, visit the historical buildings, or indulge yourself in tasty food, you have it all!

Wealthandpowerhavetraditionallybeenassociated withmen,butwomenhavebrokenthenormsand emergedasstrongandindependentleaders.Fromselfmadeentrepreneurstoinheritorsoflegendarylegacies, womenhavemadetheirimpressionontheworldand theycontinuetodoso.Throughthisblog,wewilllearn aboutthetop10richestwomenintheworldwhohave becomeinfluentialfiguresinglobalbusinessand philanthropy

Here

is the

list of top 10 richest women in the world in 2024

Age - 71

Net Worth - $94.9 billion

Source of Wealth - L'Oréal

FrancoiseBettencourtMeyerswasbornon10July1953. SheistheonlychildandheirofLilianeBettencourt,who wasthedaughterofEugèneSchueller,thefounderof L'Oréal.Aprominentfigureinthebusinessworld,she hasgainedrecognitionforherphilanthropicactivitiesand writing,andsheisalsooneoftherichestwomeninthe world.Afterhermother'spassinginSeptember2017, Francoise’sfortunetripledduetoherinvestments throughherfamilyholdingcompany,TéthysInvest,and thehighvaluationofL'Oréalsharesonthestock exchange.

Age - 74

Net Worth - $82.2 billion

Source

of Wealth - Walmart

FrancoiseBettencourtMeyerswasbornon10July1953.She istheonlychildandheirofLilianeBettencourt,whowasthe daughterofEugèneSchueller,thefounderofL'Oréal.A prominentfigureinthebusinessworld,shehasgained recognitionforherphilanthropicactivitiesandwriting,and sheisalsooneoftherichestwomenintheworld.Afterher mother'spassinginSeptember2017,Francoise’sfortune tripledduetoherinvestmentsthroughherfamilyholding company,TéthysInvest,andthehighvaluationofL'Oréal sharesonthestockexchange.

Age - 62

Net Worth - $74.6 billion

Source

of Wealth - Koch Industries

JuliaMargaretFlesherKochwasbornonApril12,1962,in DesMoines,Iowa,toparentswhoownedafurniturestoreand lateraclothingshopinArkansas.Sheisasocialiteand philanthropistandoneoftherichestwomenintheworld. AftergraduatingfromtheUniversityofCentralArkansas,she movedtoNewYorkCity,wheresheworkedasamodeland laterasafashiondesigner'sassistant.Shewasmarriedto DavidKoch.Afterhediedin2019,sheandherthreechildren inherited42%ofKochIndustries.Shehasbeeninvolvedin philanthropicactivities,includingsignificantdonationsto variouscausesandtheownershipofa15%stakeinthe BrooklynNets,NewYorkLiberty,andBarclaysCenter

Age - 84

Net Worth - $39.5 billion Source of Wealth - Jindal Group

SavitriDeviJindalwasbornon20March1940in Tinsukia,Assam,India.Sheisthebusinesswoman, politician,andchairpersonemeritaoftheO.P JindalGroup,aconglomeratewithinterestsinsteel, power,mining,oil,andgas.Followinghermarriage toOmPrakashJindalinthe1950s,sheobtainedher stakeinthegroupafterhisdemisein2005.Shehas beeninvolvedinphilanthropyandpublicworks, receivedrecognitionforhercontributions,andis oneoftherichestwomenintheworld.Shefounded theJ.D.JindalFoundation,focusingoneducation andhealthcare,andservesasthePresidentof MaharajaAgrasenMedicalCollege,Agroha.

Age - 84

Net Worth - $38.5 billion Source of Wealth - Mars Inc

JacquelineMarswasbornonOctober10,1939.Sheis thedaughterofAudreyRuthandForrestMars,Sr.,and thegranddaughterofFrankC.Mars,foundersofthe AmericancandycompanyMarsIncorporated.Sheowns anestimatedone-thirdofMars.In1982,shejoinedMars asfoodproductgrouppresidentandspentmostofher timeworkingforMarsFoundation, aphilanthropic nonprofitsupportedbythecompany,andretiredin2001. SheisalsoatrusteeoftheUnitedStatesEquestrianteam andsitsontheboardoftheWashingtonNationalOpera.

Age - 79

Net Worth - $34.7 billion Source of Wealth - Mediterranean Shipping Company (MSC) Group

RafaelaAponte-Diamant,borninHaifa,MandatoryPalestine, isanItalianbillionaireandisrecognizedastheworld's wealthiestself-madewomanandoneoftherichestwomenin theworld.ShefoundedtheMediterraneanShippingCompany withherhusbandGianluigiAponte,anItalianbusinessman, andhasa50%stakeinthecompany.Theyenteredthe shippingindustryinthe1970swhentheypurchasedaship witha$200,000loan.Rafaelaisresponsiblefordecorating shipsforMSCCruises;GianluigiisMSC'sexecutive chairmanandtheirson,Diego,isMSC'spresident.They establishedtheMSCFoundationin2018,wheresheserveson theboardofthefoundation.

Age - 54

Net Worth - $34.1 billion Source of Wealth - Amazon

MacKenzieScottwasbornonApril7,1970,inSanFrancisco, California.SheisanAmericanwriter,philanthropist,andex-wifeofJeff Bezos.In2019,aspartofherdivorcesettlement,shereceived25%of thecouple'sAmazonstock,whichequatedtoa4%stakeinthe company,worthmorethan$35billionatthetime.Thistransferof Amazonstockmadeheraninstantbillionaire,withanetworth estimatedat$36billioninJuly2020,andbyDecember2020,hernet worthwasestimatedat$62billion.Afterherdivorce,shesignedthe GivingPledge,acampaignfoundedbyBillGatesandWarrenBuffet, vowingtodonateatleasthalfofherpersonalwealthtophilanthropic causesduringherlifetime.ShehasalsopublishedtwobookstitledTheTestingofLutherAlbright(2005)andTraps(2013).

Age - 62

Net Worth - $31.3

billion

Source of Wealth - Fidelity Investments

AbigailJohnsonwasbornonDecember19,1961,inBoston, Massachusetts.SheisanAmericanbillionairebusinesswoman, thegranddaughterofEdwardC.JohnsonII,thefounderof FidelityInvestments.Shejoinedthecompanyin1988asan analystandportfoliomanager.Since2014,shehasbeenthe presidentandCEOofthecompany.Hersignificantstakein FidelityInvestments,estimatedataround24%,hasbeenakey factorinhersubstantialwealth.Abigailhasbeenpartofthe CommitteeonCapitalMarketsRegulationandservedonthe boardofdirectorsfortheSecuritiesIndustryandFinancial MarketsAssociation(SIFMA)andMIT.She'sthefirstand onlywomantobeontheboardoftheFinancialServices Forumandisoneoftherichestwomenintheworld.

Age - 70

Net Worth - $30.4 billion Source of Wealth - Hancock Prospecting

GeorginaHopeRinehart,bornonFebruary9,1954,inPerth, WesternAustralia,isanAustralianminingmagnateandheiress. SheistheonlychildofHopeMargaretNicholasandLang Hancock,aprominentminingmagnatewhofoundedHancock Prospecting,aprivatelyownedmineralexplorationand extractioncompany.SheinheritedHancockProspectingafterthe deathofherfatherin1992andtookoverastheexecutive chairpersonofthecompany.Throughherprivatecompany, HancockProspecting,andtheGeorginaHopeFoundation,she hasbeeninvolvedinphilanthropicventures,particularly focusingonhealthandsupportingyoungpeople.Shehasalso backedAustralianswimmingforalmost30yearsandcontinued hersupportoftheNationalBreastCancerFoundation.

Age - 82

Net Worth - $28.4 billion Source of Wealth - Koch Industries

ElaineTettemerMarshall,bornonJuly22,1942,isan Americanbillionaireheiressandoneoftherichestwomenin theworld.Herwealthstemsfromherlatehusband,E.Pierce Marshall,whowastheyoungestsonofJ.HowardMarshallII. Afterherhusband’spassingin2006,Elaineandhersons inheriteda16%beneficialinterestinKochIndustries,astake previouslyownedbyherlatehusbandandfather-in-law.Since 2006,shehasservedasaboardmemberofKochIndustries, furtherstrengtheningherconnectiontothefamily'sbusiness.

Thesewerethetop10 RichestWomenintheWorldin2024.It'simportantto keepinmindthattheirwealthisnotjustameasureoffinancialstatusbutalsoa reflectionoftheimpactandcontributiontheyhaveontheindustriesandglobal economy.Thesewomennotonlyredefinegenderrolesbutalsoinspirethe youngergenerationwiththeirphilanthropicactivities.

F r o m
‘MILD AS MAY’ To
‘THE

The Iconic

MARLBORO MAN’

During the 1960s, scientists came up with research that stated “Cigarettes cause cancer and are bad for health.” This put $8 billion industry and 7,50,000 occupations at stake. Many business's sales dropped, except for one that went from having a 1% market share at the time to becoming the 4th largest tobacco company within less than a year - Marlboro.

Marlboro not only managed to sail through the cigarette ads ban in the 1970s but also became worldwide popular. Today, it is one of the most popular US cigarette brands. Through this article, we will learn how it became a known brand and its marketing strategies and adaptations to stay relevant in the 21st century.

From Marlborough Street to a Global Brand

Marlboro is a brand that has become synonymous with rugged masculinity and freedom. It is an American brand of cigarettes owned and manufactured by Philip Morris USA. Philip Morris started a shop in London where he sold tobacco and rolled cigarettes in 1846. When he passed away from lung cancer in 1873, his brother Leopold and his widow Margaret kept the business going. They even opened a factory on Great Marlborough Street, London, which inspired the name of the brand. In 1902, a branch was opened in New York to sell many types of cigarettes. The name "Marlboro" was ofcially registered in the US in 1908, but the cigarettes didn't hit the market under this name until 1923. When they were launched in 1924, they were promoted as "America's luxury cigarette" and were mostly sold in fancy hotels and resorts.

Marlboro started as a brand that promoted cigarettes for women. They were milder and had a lter to be different from the stronger unltered cigarettes that men usually smoked. The lter had a red band to hide lipstick marks, and the tagline was ‘Mild as May’. But that changed in the 1960s when the era saw a major change in the tobacco industry when scientists published a study that cited the destructive nature of it on people's health.

Thebusinesseswerehavingahardtimeafterthestudywasreleased.Peopleweregettingwaryofsmokingwhichaffected theirsales.Toretaintheirsalesandimage,manybusinessesattemptedtodownplaytheseriousnessofthegovernment’s reportorevenchallengeditsvalidity,exceptMarlboro.Ratherthandenyingorignoringthestatistics,thebranddecidedto changeitsidentitytoapproachawideraudience.

Itcameupwithanadcampaignthatisregardedasthemostsuccessfuladvertisingcampaignofalltime- The Marlboro Man. Thecampaignwasfirstconceivedin1954byLeoBurnett,aimingtorepositionthebrandfromawomen'scigarettetoa men'scigarette.Itfeaturedthetagline “Come to Marlboro Country,” invitingconsumerstojointhecowboylifestyle symbolizedbythebrand.Thisrepositioningledtoaremarkableincreaseinsales,from$5billionin1955to$20billionin 1957,representinga300%increasewithintwoyears.

TheMarlboroManbecameasymboloftheidealAmericanman,embodyingtoughness,hardwork,andindependence. DarrellWinfield,whomodeledforthebrandfrom1968to1989,becametheidealposterchildfortherugged,independent self-imagethatPhilipMorriswantedtoassociatewithitscustomers.

Ithasalsomadeitswayintopopularculture,beingreferencedinvarioussongsandevenservingasaninspirationfor charactersinmovies,suchas"HarleyDavidsonandtheMarlboroMan".Thecampaigninadvertentlymanagedtoattract womenaswell,demonstratingitsappealthattranscendsgender.Despitetheevolutionofmarketingregulationsandantismokingcampaigns,theMarlboroManremainsaniconicandenduringsymbolinadvertising.

PRODUCT DIVERSIFICATION Throughout The Years

Marlboro has diversied its product offerings in response to changing consumer preferences and regulatory pressures. The brand has introduced variations such as Marlboro Lights, Marlboro Menthol, and Marlboro Ultra Lights to cater to smokers seeking different experiences. With the growing demand for alternatives to traditional cigarettes, it has also released smokeless tobacco products and ecigarettes.

By introducing Marlboro HeatSticks, a heated tobacco product, the brand made its rst move into the emerging market of reduced-risk products. The brand offers different types of cigarettes to meet diverse consumer preferences and market segments.

From full-avored options to menthol varieties, it has various options available through its extensive product lineup.

In 2008, Philip Morris International made big changes to its brand worldwide. They created a new way to organize the different kinds of Marlboro cigarettes into three groups: Flavour, Gold, and Fresh. This new system was meant to meet the different tastes of adult customers. All three groups still had the same brand style and feeling of condence.

Challenges Faced by MARLBORO

One of the most pressing challenges for the brand has been the global decline in smoking rates. In the United States, the percentage of adults who smoke has decreased from 20.9% in 2005 to 11.5% in 2021.

The rise of alternative nicotine products, such as e-cigarettes and nicotine pouches, has intensied competition in the nicotine market. Marlboro has faced signicant challenges from new entrants offering these products. The market for reduced-risk products (RRPs) is highly fragmented, with many brands experiencing double-digit growth in recent years.

Consumer preferences have shifted towards reduced-risk products due to growing health concerns about traditional smoking. This shift has prompted Marlboro to introduce low-risk and health-conscious alternatives to stay in the market.

MARKET SHARE in Recent Years

Marlboro has historically held a dominant position in the cigarette market, with a signicant market share in the U.S. and a strong global brand value. Marlboro's global brand value was reported to be over 36 billion U.S. dollars as of 2022, making it the most valuable cigarette brand worldwide. However, its share value keeps uctuating and has seen a decline in recent years. Yet, it is still one of the popular brands in the tobacco industry despite the challenges and controversies.

How Intelligent Document Processing Can Drive Business Growth?

Let’s face it, every business is on the lookout for ways to work smarter, cut costs, and keep mistakes to a minimum. One of the biggest hurdles in achieving this is dealing with all the paperwork. Whether it’s sorting through invoices, contracts, or customer forms, managing heaps of documents can be a real headache—time-consuming and full of potential for errors. These issues can cause delays, compliance slipups, and missed opportunities. That’s where intelligent document processing (IDP) comes into play, offering a game-changing solution.

What Is Intelligent Document Processing?

6 Ways Intelligent Document Processing Can Drive Business Growth | The Enterprise World Intelligent document processing is a technology-driven approach that automates the data extraction, processing, and analysis from various types of documents. Unlike traditional or manual document processing methods, which often require manual data entry and are limited to structured data formats, IDP leverages advanced technologies. Examples include articial intelligence (AI), machine learning (ML), natural language processing (NLP), and optical character recognition (OCR) to handle both structured and unstructured data.

6 Ways Intelligent Document Processing Can Drive Business Growth

Businessesacrossvariousindustries—likefinance,healthcare,legal,retail,andgovernment—canbenefitfromintelligent documentautomation.Byautomatingtheextraction,validation,andmanagementofdatafromdocuments,IDPenhances efficiency,reduceserrors,andcutscosts.AnyorganizationdealingwithlargevolumesofdocumentationcanuseAI documentprocessingtoimproveproductivityandstreamlineoperations.HerearethedifferentwaysIDPcandrivebusiness growth.

1.IncreasedEfficiencyandProductivity

Oneofthefirstthingsyou’llnoticewithIDPishowmuchfasterandmoreproductiveyourteambecomes.Traditional documentprocessingcanslowthingsdown,especiallywhenthere’samountainofpaperworktogetthrough.Intelligent documentprocessingsoftwareautomatestheextractionandprocessingofdata,freeingupyouremployeestofocusonmore valuabletasks.Imagineafinancialservicescompanythatcannowautomaticallyprocessthousandsofloanapplications.It cutsapprovaltimes,keepscustomershappy,andgivesyourteammoretimetotackleotherimportantwork.

2.ImprovedAccuracyandCompliance

6WaysIntelligentDocumentProcessingCanDriveBusinessGrowth|TheEnterpriseWorld Let’sbehonest,Manualdataentryisn’tjusttedious—it’salsoarecipeformistakes.Andinfieldslikehealthcare,finance,or legalservices,accuracyisn’tjustimportant;it’scritical.AIdocumentprocessingusesAItomakesurethedataitpullsis spot-on,reducingthechancesofcostlyerrors.Plus,documentprocessingtechnologycanbetailoredtomeetindustry-specific regulations,soyou’realwaysincompliance.Forexample,ahealthcareprovidercoulduseIDPtomanagepatientrecords, ensuringallthedataiscapturedandstoredinlinewithHIPAAregulations.

3.

Whodoesn’twanttosavemoney?Byautomatingdocumentprocessing,intelligentdocumentautomationcansignificantly loweryouroperationalcosts.Itslashestheneedformanualdataentry,reducesthespaceneededforstoringphysical documents,andcutsdownontheresourcesrequiredtomanageandretrievethem.Thinkaboutaretailcompanyusingan intelligentdocumentprocessingplatformtoautomateinvoiceprocessing—theycouldtrimdowntheiraccountspayableteam andavoidthecoststhatcomewithmanualprocessingerrors.

CostReduction

4.EnhancedCustomer Experience

Whenyoucanprocessdocuments quicklyandaccurately,it’syour customerswhoreallybenefit. Fasterprocessingmeansquicker responsesandasmootheroverall experience.Pictureaninsurance companyusingIDPtospeedup claimsprocessing—customersget theirpayoutsfaster,leadingto greatersatisfaction.Thiskindof enhancedexperiencenotonly keepsyourexistingcustomers happybutalsobringsinnewones throughpositiveword-of-mouth, fuelingbusinessgrowth.

5.Scalability

Asyourbusinessgrows,sodoes thepileofdocumentsyouneedto handle.Scalinguptraditional documentprocessingworkflows canbeanightmareandcancosta

fortune.Butwithintelligentdocument automation,scalingisabreeze.These systemsaredesignedtogrowwithyou, handlingincreasingvolumesofdocuments withoutneedingmorehandsondeck. Imagineane-commerceplatformthat’s suddenlyboominginsales—IDPcanhelp manageallthoseordersandreturns seamlessly,soyouroperationsstaysmooth evenasyouexpand.

6.BetterDecision-MakingThroughData Insights

IDPdoesn’tjustprocessdocuments—it’s alsoadatagoldmine.Bycapturingand analyzingthedatafromyourdocuments, processingdocumentswithIDPhelpsyou uncovertrends,monitorperformance,and makesmarterdecisions.Takea manufacturingcompany,for instance—theycoulduseIDPtoanalyze purchaseordersandinvoices,gaining insightsintosupplierperformanceand findingwaystosavecostsorimprove processes.

Conclusion

Intelligent document processing offers a powerful way to overcome the challenges of traditional document management. By automating and optimizing how you handle documents, IDP can help drive signicant business growth—boosting efciency, cutting costs, enhancing customer experiences, and delivering valuable data insights. As more companies catch on to the benets of IDP, it’s sure to become a musthave tool for staying ahead in the game.

Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.