“In God I trust; everyone else must bring data to the table.” Prof Krishnayya – Teacher of Mr. NR Narayana Murthy
Stern
1974 –
Risk Mitigation Council which ensured that we would never again depend too much on anyone client, technology, country, application area or key employee
IIT
“In God I trust; everyone else must bring data to the table.” Prof Krishnayya – Teacher of Mr. NR Narayana Murthy
Þ Nation of 1 billion people with just 28% living in urban areas
Þ Average person earns only Rs 1,498 per month (our per capita GDP is one of the lowest in the world)
Þ Only 54% of our people are literate
Þ Average life expectancy is 61 years
Þ The country has and HDI (Human Development Index) of 127 out of 175 nations in the world
Þ 318 million people do not have access to safe drinking water
Þ 250 million people do not have access to basic medical care
Þ 630 million people do not have sanitation facilities
Þ 51% of children are unnourished
Þ Half of our primary schools have only one teacher for every two classes
INSEAD, Fountainebleau, 18 December, 2008 – Succeeding in the Contemporary World
Globalization
Macro-Level – It is about frictionless flow of capital, services, goods and labour across the globe. It is also about global sharing of ideas, knowledge and culture. It is about creating a shared concern and a plan to fight the global issues like poverty, AIDS, terrorism and global warming.
Micro-Level – It is about sourcing capital from where it is cheapest, sourcing talent from where it is best available, producing where it is most efficient and selling where the markets are, without being constrained by national boundaries.
Adage – 1: “The softest pillow is a clear conscience”
“You can disagree with me as long as you are not disagreeable”
“When in doubt, disclose”
Importance of being trustworthy in all your dealings
Fear is natural but you should not let your actions be governed by it.
A supportive family is the bedrock upon which satisfying lives and careers are built.
Excellence in work leads to excellence in life and vice versa.
Take your work seriously but not yourself
Learn how to manage yourself, especially your feelings, in a way that respects the dignity of others and yourself.
Live your life and lead your career in a way that makes a difference to your society.
National
There was no incentive for improvement as the License Raj ensured protection for incumbents
Consumer Goods were considered a necessary evil in the era. The Mahalanobis model emphasized capital goods vis-à-vis consumer goods
The liberalization of the Indian economy in the early 1990s has brought in a new context and forced the change in old mindset
The forces of globalization and technology are reshaping our world and Global trade now accounts for nearly 25 percent of the world’s GDP.
Harold Taylor: ‘The roots of true achievement lie in the will to become the best that you can become’
Henry Ford: ‘You cannot build a reputation on what are you going to do’. Therefore, build your reputation with your achievements.
National Law School of
Most important factor in the success of the Indian Software Industry in the 1990s was the liberalization of our economy.
Indian Institute of Foreign Trade,
65% of Indian population depends on agriculture while share of this sector in our country’s GDP is as low as 22%. Consequently, the sector has an excess supply of labour. The average value added per agricultural worker in India is 27% of the value of a non-agricultural worker.
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