We have showed conclusively to the world that we have a new structurally different way of doing things, disruptive to the legacy players and sustainable. There was a legacy business model based on local resources in different silos and a global model which we have essentially invented. It treats the whole world as a network of people and finds ways to reallocate work in an optimal fashion. Our model has been proved superior because it is faster, better and cheaper. As we go forward, we believe customers are asking for the holy grail in our business — companies that in their execution capability are built on this global model, and at the same time well versed in customers’ business challenges, capable of becoming mission critical transformation partners. We think Infosys is uniquely placed for this.
Next week, Nandan M Nilekani takes over as the head of Infosys Technologies with N R Narayana Murthy becoming non-executive chairman. Business Standard asked the new leader to look back and forward.
Wealth creation and not wealth redistribution must be our goal. Creating enabling conditions for entrepreneurs, celebrating their successes and promoting entrepreneurs as role models is a critical part of the task ahead.
As HCL celebrates its 30th Anniversary, Prof. C.K.Prahalad reflects on the nature of entrepreneurship that makes such success possible. It may be useful to distill the core elements of its success.
- Aspirations must exceed resources (A>R)
- Strategic Intent – Folding the Future in
- On Weak Signals: The Next Practice
- Passion and Integrity
Those core elements are relevant not only for HCL, but for Indian business, he reckons.
More at Economic Times
Even now, nearly five years after his retirement from General Electric (Charts), Jack Welch commands the spotlight.
He is still power-lunching, still making the gossip columns, still the charismatic embodiment of the star CEO. His books are automatic bestsellers.
But is he a part of an old formula? Does his principles still apply?