06-11-2012, 04:37 PM
30 lessons from Infosys Narayana Murthy
1Infosys Narayana.pdf (Size: 100.29 KB / Downloads: 40)
1-Seize Your Gandhi Moment
Murthy, a self proclaimed socialist in the mid ’70s was jailed for 72
hours in Bulgaria. The experience taught him that entrepreneurship and
job creation is the way to alleviate poverty.
2-You might fail, but get started Learn from mistakes and move on
In 1976, Murthy founded Softronics, a company that lasted a year and a
half. When he realised that his first venture wasn’t taking off, he moved
on.
3-Think Big. Don’t Hesitate to Start Small
In 1981, a determined Murthy started Infosys with Rs 10,000 he
borrowed from his wife. In few years, Infosys went on to become one of
the largest wealth creators in the country.
4-Cut Yourself a Slice, Not a Large One Always
When Infosys was set up, Murthy took a pay cut while salaries of other
co-founder’s were increased by 10 percent. According to Murthy, a
leader needs to show his or her sacrifice and commitment
5-Lend a Hand and Throw in a Foot Too
After Murthy convinced seven of his colleagues, there was a problem.
Nandan’s future inlaws were not sure about him. Murthy met Nandan’s
uncle and convinced him.
6-Own Up, and Then Clean Up
In the ’80s Infosys developed an application for a German client.
Murthy noticed a single character error and informed the client
immediately.
7-Trust in God, But Verify with Data
In God we trust, the rest must come with data, is perhaps Murthy’s
favourite statement. When confronted with difficult decisions, he tends
to rely on data.
8-Keep the Faith
Infosys almost wound up in 1990. Murthy did not want to sell the
company. He asked co-founders if they wanted out and offered to buy
their shares. All of them stuck together.
9-Get Involved
Infosys won a contract from Reebok in the early ’90s. Seeing the
founders involvement, the software, was nick named ‘Dinesh, Murthy
and Prahlad.’ Infy veterans still recall those days.