Preview

Narayan Murthy's Retirement Speech

Powerful Essays
Open Document
Open Document
3097 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Narayan Murthy's Retirement Speech
Thursday, May 19, 2011
[pic]

I may not be always in line with Mr. N.R. Murthy. But then, the man, even his worst enemy will admit, has built a world-class enterprise from a typically poor, highly corrupt and politically, regionally, religion wise and linguistically divided India. And of course, it makes us proud. And as he has noted, he recognizes this as Infosys's biggest contribution - businesses can be run legally and ethically that it is possible for an Indian company to benchmark with the global best and that any set of youngsters with values hard work team work and a little bit of smartness can indeed be successful entrepreneurs.

Above all, corporate India faces the biggest test it all, LACK OF TRUST IN LEADERSHIP. Leaders who are servile, pompous, spineless, egomaniacs, want huge salary are dime a dozen and worse, some even do not fit at all in the roles they play. I have seen some and as India gets more and more linked to the global market, these are the people who will define the future 20/30 years. As a Leader, Mr. Murthy's record is impeccable.

Below is the farewell letter from him. Worth reading. The letter is same, I have segregated on the way I read it.

Letter Credit - Infosys Annual Report 2010-2011

========================================

Family or Company – How Tough Really It Is?

It was on one of those rare nights at home during the late eighties. I was huddling with my young children, Rohan and Akshata, when Rohan, the most mischievous child I have ever come across, asked innocently whether I loved Infosys more than him and his sister. I got away from that embarrassing situation by saying that I loved my children much more than anything else. However, even today when we reminisce about the incident my children are not fully convinced that I was telling them the truth. When I was busy overseeing every detail of the strategy and the operations of the company from designing the company logo the company song and the

You May Also Find These Documents Helpful

  • Satisfactory Essays

    It saddens me to deliver this news, but I have and will continually do what is best for this country, and if that means that I step down from the Ultimate Position in order to ensure the success of this country, then I will do so. Although this situation has been rocky, and the waters have been rough,…

    • 204 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    India is a complex nation with a rich history and years of diversity. With the rise of the global economy over the last century, it is safe to say that the country has become a major multi-national player. Although outsourcing to India has been a trend since the early 90’s, the country also has a growing local economy that is primed for investment should the right opportunity arise. However, not just any company can invest in or partner with India. Because India is rich in tradition and very slow to change its views, it will take a savvy, experienced investor with a team of managers willing to take on the task of creating a successful partnership with a country whose past has been riveted with corruption and a caste system that tends to hold its citizens back from improvement. A Multi National Corporation (MNC), with the right resources, will be able to benefit from the positive attributes of the developing country while at the same time contributing to the reduction of poverty and improved lifestyle of local citizens.…

    • 7910 Words
    • 24 Pages
    Good Essays
  • Good Essays

    Main Point 1: His bravery as an individual, transcended into the millions who were under the British Empire…

    • 596 Words
    • 2 Pages
    Good Essays
  • Good Essays

    “…In looking forward to the moment which is intended to terminate the career of my public life, my feelings do not permit me to suspend the deep acknowledgment of that debt of gratitude which I owe to my beloved country for the many honors it has conferred upon me; still more for the steadfast confidence with which it has supported me; and for the opportunities I have thence enjoyed of manifesting my inviolable attachment, by services faithful and persevering, though in usefulness unequal to my zeal. If benefits have resulted to our country from these services, let it always be remembered to your praise, and as an instructive example in our annals, that under circumstances in which the passions, agitated in every direction, were liable to mislead, amidst appearances sometimes dubious, vicissitudes of fortune often discouraging, in situations in which not unfrequently want of success has countenanced the spirit of…

    • 549 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Emotion: The Final Frontier. These are the voyages of the human male. Its hundred year mission: to explore strange new emotions, to seek out new Friendships, and new relationships, to boldly go where no man has gone before.…

    • 679 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Cultural Briefing- India

    • 2697 Words
    • 11 Pages

    Brief overview on India’s history, geography, size, population, languages, values and traditions to help business managers conduct new business venture in India…

    • 2697 Words
    • 11 Pages
    Powerful Essays
  • Good Essays

    The article describes how conducting business in India has great allure for global corporations for a number of reasons, firstly India has 2nd largest population in the world, it is also a source for intellectual capital and a relatively inexpensive educated labor force, nearly all of which speaks English.…

    • 1735 Words
    • 7 Pages
    Good Essays
  • Good Essays

    Infosys Case Study

    • 854 Words
    • 4 Pages

    * The primary strategy was to not quit and sell the company in 1989 when things got tough. When the U.S. government placed new restrictions on the number of B1 visas issued yearly; it affected Infosys’s ability to send employees to remote customers in the U.S. (DeLong, Tandon & Rengaswamy, 2006). The company’s primary co-founder/owner, Narayana Murthy, convinced the other owners to stay on and continue, feeling that he…

    • 854 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    MGMT302 1

    • 327 Words
    • 1 Page

    3. Given the low per capita income of the country, why would you still argue for India to be an excellent place to do business in the coming years? The Indian government’s new approach is helping a great deal. In addition, there are other attractions that entice MNCs to India. These include (1) a large number of highly educated people, especially in critically short supply areas such as medicine, engineering, and computer science; (2) widespread use of English, long accepted as the international…

    • 327 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    Week 2

    • 1287 Words
    • 6 Pages

    The article also describes briefly about the importance of International entrepreneurship (IE). The area of "international entrepreneurship" has received significant scholarly attention with the development of strong conceptual models during the last decade (e.g., McDougall and Oviatt, 2000; DeClercq et al., 2005; Zahra and George, 2002). They argued that access into International market by the international new ventures is important and he disagreed with the previous researcher which stated INVs as “distinct breed”. Younger and INVs establishes its companies by using their entrepreneurial activities to create a big value to internationalize their operations and business activities.…

    • 1287 Words
    • 6 Pages
    Good Essays
  • Satisfactory Essays

    India is a developing country and thus the step at which development occurs would clearly be more than that of the developed countries. India thus is a perfect fruitful soil for any new business to bud up and display. It should be highlighted that when recession interfered as an unwanted guest into the global economy, the Indian economy succeeded in surviving with insignificant minor injuries. India is a nation which has a bright history of wonders to showcase who excelled in the various fields of business. It is never the lack of new business ideas in India which remains as obstructing factor, but the restricted capital. A lot of unique products are there in India which remains in evergreen demand. But the primary concern is whether the circumstances are feasible.…

    • 2321 Words
    • 10 Pages
    Satisfactory Essays
  • Powerful Essays

    Case Infosys

    • 13370 Words
    • 54 Pages

    There is no doubt in my mind that five years from now, the Infosys Consulting model will be the standard way of doing things where technology development is done off-site. We are one of the fastest growing IT consulting firms in the world. Our major bottlenecks right now are convincing clients to break with old habits and take a chance on a new, better model and recruiting the right people—top tier talent who understand our innovative approach and fit into our unique culture. —Steve Pratt, CEO, Infosys Consulting.…

    • 13370 Words
    • 54 Pages
    Powerful Essays
  • Powerful Essays

    Workforce Planning

    • 2438 Words
    • 10 Pages

    While India’s economy is one of the world’s most dynamic, corruption, sloppy standards, a lack of decent staff and too much red tape are common gripes amongst businesses. Prince Augustine, EVP – Human Capital at Mahindra & Mahindra, says there is much to be improved. “The potential of India has not been fully tapped in terms of its resources and people capability,” he says. “There is ample scope for growth looking at the vast expanse of the country, its population and rich cultural heritage.”…

    • 2438 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    Narayana Murthy

    • 3013 Words
    • 13 Pages

    The objectives of this manuscript are to help you understand Narayana Murthy’s background, his philosophies, accomplishments, and lessons to be learned from his career. He started a company in 1981 with an equity capital of $200, but with his sound management skills, Mr. Murthy has taken Infosys to the pinnacle of success in two decades. He is the Founder-Chairman of Infosys Limited, and his company, Infosys, was the first Indian company listed on NASDAQ in 1999. This manuscript will not only allow you to learn a lot about Mr. Murthy who has done the remarkable work in the field of IT, but also to understand the corporate social responsibilities. Narayana Murthy is currently serving as a Non-Executive Chairman and Chief Mentor of Infosys Technologies Limited. He is a good example of Charismatic, Transformational, and Transactional leader. He has a unique personality and is known for his simplicity and his helping mentality. The whole idea of creating Infosys was to help the needy people as a social welfare.…

    • 3013 Words
    • 13 Pages
    Powerful Essays
  • Good Essays

    shell

    • 895 Words
    • 4 Pages

    The Satyam Computer Services scandal was a corporate scandal that occurred in India in 2009 where chairman Ramalinga Raju confessed that the company's accounts had been falsified. The Global corporate community was shocked and scandalised when the chairman of Satyam, Ramalinga Raju resigned on 7 January 2009 and confessed that he had manipulated the accounts by US$1.47-Billion.…

    • 895 Words
    • 4 Pages
    Good Essays

Related Topics