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Conrad Hilton

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How Conrad Hilton Made His Money - 10 Rules for Success from the Founder of Hilton Hotels

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Conrad Hilton

My Wishlist. Know about stores. Products of this store will be shipped directly from the US to your country.

Products of this store will be shipped directly from the UK to your country. Products of this store will be shipped directly from China to your country. Products of this store will be shipped directly from Japan to your country. Dallas Hilton was his first high rise hotel that was built in He later bought them back and formed the Hilton Hotels Corporation in which was later followed by an international company known as Hilton International Company in Worldwide expansion of the Hilton Hotels in s and s facilitated American tourism and led to an increase in overseas business among the American corporations Eeden et al, Hilton was the first international hotel chain in the world and was used to set hotel accommodation standards.

The company expanded into several U.

Conrad N. Hilton

S cities and foreign countries. Hilton was succeeded as president in by his son Barron where he was elected to be the chairman of the board. The Hilton hotel has grown to become the largest private company in the United State with more than hotels across the world.

Discussion Conrad Hilton greatly used a transformational leadership style in his operations. Transformation leaders provide intellectual stimulation, individualized consideration and they are charismatic.

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Hilton was an intelligent leader who was always focused to attaining the desired results through motivation of his staff and provision of quality services to the customers. His key traits were determination, vision, risk taker, tenaciousness, dedication, high energy, caring, conscientiousness, motivation, persistent, and ambition.

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Conrad Hilton recognized the importance of individuals in realization of success. He took a personal interest in all of his followers by paying attention to their concerns and mentoring them Alef, He encouraged two-way communications between him and his followers to allow people express their views. He tolerated differences among the employees and delegated most of the work to others. This leadership style is important as it takes into consideration individual views of every person and makes the employees feel valued Eeden et al, Globalization has led to establishment of multinational companies that draw their employees from different backgrounds.

There is need for leaders to understand their followers and tolerate their differences for the success of the entire team.

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Hilton also inspired his followers towards attainment of common goals through a shared vision. He gave the employees a sense of belonging by motivating them to continuously focus on company goals. The Hilton employees viewed Conrad as a role model due to the high moral standards that he exercised. Hilton encouraged his employees to have a positive attitude in life and perceive their jobs positively Eeden et al, This enabled the employees to achieve more than they could have achieved on their own. Hilton encouraged creativity among his followers and accepted challenges.

He allowed his followers to make their own independent decisions concerning important matters Oppenheimer, The chain of hotels allowed each property to have its own style that is not similar to the chain. Hotels affiliated to the company have the freedom to make independ decisions according to the environment they are operating.

He allowed individual managers to evaluate the local market and develop the most suitable plan of action. This enabled the Hilton International to be the best hotel chain in the world. Individual properties were able to offer customized services according to customer demands.

Hilton was successful in every financial venture that he made. Despite having a plan to invest in the bank industry, successfully changed to the hotel industry and established a business that became one of the world leading companies. Hilton took a risk to start a new business which he had very little knowledge about.

He was focused on what he wanted and was determined to attain success in all his ventures. The company has set hotel accommodation standards used in hotels worldwide. Hilton was a risk taker. After expanding his businesses in the hotel industry, he decided to venture into other businesses which included car rentals, credit cards and travel services Sam, This was a risky venture but he managed to succeed in all his investments making him one of the wealthiest men in the world.

Hilton was always determined in pursuing his dreams.