Deepak Ohri leads one of the worldâs most admired luxury brands by marshalling his team to push boundaries. He once challenged his staff to create the ultimate dinner â and they did, creating the worldâs most expensive meal of its kind in 2007.
Yet he still remembers how a simply packaged toothbrush was marketed as a luxury item in his native country of India, in areas where such basics were in short supply.
An entrepreneurial mindset, he noted, allows individuals to create a new perspective on branding. Itâs one that can help build success stories at every stage of the entrepreneurial journey.
Ohri shared this story and many others on October 28, 2021 at his lecture, âEntrepreneurship Through the Eyes of Luxury,â at FIU Business. It marked Ohriâs first official visit to the FIU Business campus as the newly-appointed executive in residence at the collegeâs Pino Global Entrepreneurship Center.
As CEO of Bangkok-based Lebua Hotels, Ohri has refined a set of guiding principles for entrepreneurial success. Since 2006, he has worked in Asia and New Zealand, founding a luxury hotel chain. His innovative âMillion Baht Dinner,â a 10-course, $30,000 meal, was one example of entrepreneurial thinking in the luxury market.
âEntrepreneurship is more important in todayâs world,â said Ohri, emphasizing the need for people to start their own businesses in post-COVID life. He challenged students in the room to examine their own perspectives on entrepreneurial and corporate thinking, directly engaging them to develop their own career vision by learning inside and outside the classroom.
In a series of 16 short stories, Ohri outlined his keys to success, each one corresponding to a guiding principle â efficiency, nature, time, rules, execution, packaging, research, ethics, naivety, emotions, understanding, responsiveness, self-respect, hard work, innovation and perspective. Together, they spell out âentrepreneurshipâ and are how he directs himself as a businessman. Ohriâs guidance focuses on building relationships with others, hard work, and being innovative in every area of entrepreneurship.
âIt has to do not with capability, but with outward thinking,â said Ohri. âYour biggest asset is people,â he added, noting that nothing can replace the value of people in business.
âNo college is going to teach you that youâre going to fall a lot,â said Ohri, explaining that entrepreneurs can be encouraged by the lessons theyâll learn as they go and the ways theyâll grow.
The Pino Center focuses on working with entrepreneurs to develop the skills and contacts they need to reach their goals. The center also strengthens new community businesses to build entrepreneurs across South Florida and the Americas. In addition to Ohriâs appointment as executive in residence, the center recently appointed Anna Pietraszek, assistant teaching professor of marketing and logistics and director of global operations, as a fellow in entrepreneurship and innovation. She and Ohri, who are teaching a new luxury branding class as part of the MBA program, will help expand the centerâs mission to include new, innovative educational programs in the international arena.
William Hardin, interim dean of FIU Business, welcomed Ohri to the campus, noting the importance of his entrepreneurial perspective and focus on education to the Pino Center.
âWe are honored to have a leader of Deepakâs stature at the Pino Center,â Hardin said. âHis experience, his innovation and his passion for teaching will be deeply appreciated, not only among our students, but by the highly entrepreneurial, international business community in South Florida.â