Sort order. May 13, Diana rated it liked it. If we had more men like Murthy, India would hold the position of honor on the World arena for reasons more than one.
In the book, he lists ways and means by which we can overcome major obstacles in development and commerce and doesn't mince words when he explains the harsh realities that bog the country down. He is a man of principles and has built an empire on a virtue system that, in my opinion, needs to implemented immediately.
The book can get repetitive at places because these are speeches If we had more men like Murthy, India would hold the position of honor on the World arena for reasons more than one. The book can get repetitive at places because these are speeches given at various institutes and colleges and the underlying themes are essentially the same. But it left me feeling sad because this book will not be read by those in authority who I assume are mostly illiterate and it will take strong will to fight opposing elements in the system.
Does make you think about your actions and the country's future, which was what Murthy probably had in mind when he compiled this book.
Jan 13, Yash Jain rated it liked it. The book is old in its thinking. It is a compilation of Mr. I found them to be less relevant in the world of today. The author is definitely a legend and a person of impeccable reputation. His name on the book alone can make the reader feel excited about the discussion inside it. But strangely i found the book a bit disappointing.
May be we expect much more from a legend or may be legends should stick to what they are good at. But the bottom line is, this book could have been written in a far better way. The topic of essays or rather lectures that he gave all over the globe are excellent and they indeed shou The author is definitely a legend and a person of impeccable reputation.
The topic of essays or rather lectures that he gave all over the globe are excellent and they indeed should be given serious thinking for a better India. But unfortunately, except once or twice, MR Murthy has not been able to give a very concrete idea or plan.
Asking everyone to be morally right and hardworking will not bring change in a miraculous way, and is too much to expect. Providing numerous statistics and numbers, and then showing grave concern on it will also change nothing! India is a large and highly populated nation with a complex mixture of different religion, languages and cultures.
So we should discuss the problems in a mature way. But sometimes Mr Murthy seems to be out of loop from some realities of our country. For example, in one of the essays under Education, he says if he becomes a principal of a secondary school, he will " So how can we take it as a suggestion or plan to make India a better place?
Similarly his suggestion regarding eradicating corruption in politics will leave you wondering, why exactly the Singaporean minister who shot himself, should make our politicians to change their hearts? Is it the Singaporean Prime Minister's view or the regret in deceased Minister, that should be noticed. I wonder how this thing relates with our politicians! But still, Mr Murthy is a voice which should be given a respectable hearing even if voice gets irritatingly redundant in facts and narration and his vast experience could be of great resource for the nation.
Though I was able to read very few pages of Nandan Nilekani's 'Imagining India', but still i will recommend his book over Mr Murthy's as Imagining India is much more clear in vision and Mr Nilekani has done a wonderful job to provide better arguments. So much so about the Legends! Mar 23, Siddharth Sharma rated it liked it. This book is a collection of speeches delivered by Mr. Narayan Murthy across the world at leading b-schools and colleges. A positive look at the way globalization is proceeding, he urges youth ie the future global leaders, to embrace this phenomenon and understand diversities in different cultures in order to do good businesses in various markets and ecosystems.
Though the book, at times, feels a bit simplistic, as this issue of India's standing at the globalized stage has been discussed by many This book is a collection of speeches delivered by Mr.
Though the book, at times, feels a bit simplistic, as this issue of India's standing at the globalized stage has been discussed by many a writer in a gung-ho style; but then it's Mr. Murthy himself- our very own pioneering stalwart of entrepreneurship and a successful global figure. If he makes a call for action, it's worth giving an attentive ear to. Its's the length and breadth of his experience of businesses across the world, that he is in a position to finally suggest the simple sounding solutions that actually work.
It's this subtle energy of this book that exudes an optimism and encourages readers to realize what all they can do and start doing it! Jul 13, Raghavendra Kulkarni rated it liked it. This is an unbiased and very bold book on India which clearly states what we are good at, what we are not good at, what are our problems, how can they be solved etc.
Although some topics are repeated in some of the speeches fo This is an unbiased and very bold book on India which clearly states what we are good at, what we are not good at, what are our problems, how can they be solved etc.
Although some topics are repeated in some of the speeches for completeness, I suggest reading 2 to 3 speeches every week and not read the book in one shot. Happy reading! Raghavendra Kulkarni May 30, Prashanth Akunuri rated it really liked it. Title says it all. It's a collection of speeches made by N. Narayana Murthy, co-founder of Infosys, India's largest software company.
He is also one of the most respected Indians, especially in the corporate world. Coming to the book, Narayana Murthy speaks about how changes in governance and policies might effect India's pace in progress for betterment.
He also writes about entrepreneurship and how their small software company has become enormous, thanks to India's early 90s economic reforms. It is a must read if you are interested to read about India, especially in the words of a corporate leader. Mar 20, Juha rated it really liked it Recommends it for: people interested in corporate social responsibility and international development. Shelves: india , international-development. This is a refreshing book by an important business leader.
I was very much positively surprised. Narayana Murthy, the founder and chairman of Infosys presents a rather coherent and positive vision to the world according to himself.
It is difficult to imagine that million people in the country do not have access to safe drinking water and million people do not have access to basic medical care. Why should million people not have access to acceptable sanitation facilities even in ?
When you see world-class supermarkets and food chains in our towns, and when our urban youngsters gloat over the choice of toppings on their pizzas, why should 51 per cent of the children in the country be undernourished? When India is among the largest producers of engineers and scientists in the world, why should 52 per cent of the primary schools have only one teacher for every two classes? His starting point is Franklin D. Create Alert. Launch Research Feed. Share This Paper.
Citations Publications citing this paper. Resisting linguistic marginalization in professional spaces: Constructing multi-layered oppositional stances Priti Sandhu Sociology The vision has to be powerful enough to make every tired mind and body that leaves the office in the evening come back early next morning, saying: 'I am proud to belong to this company and will work hard to make it a better company. We realized, pretty early in the founding of the organization, that the best instrument for creating trust is to demonstrate our commitment to our vision and our values through leadership-byexample or 'walking the talk'.
After all, if thousands of people who work with you see practising your precepts in pursuit of lofty goals of the corporation, they are likely to believe your words and trust you. If we want our people to be enthusiastic about the future and make sacrifices, we have to create a climate where everybody is confident that nobody else in the team will short-change him.
That, to me, is a value system. Value system is a protocol for behavior of an individual in a group required to enhance the trust, confidence, energy, enthusiasm and hope of every individual in the group. Progress happens when every member is confident that everybody else is also putting in the required work and making necessary sacrifices. The best way of ensuring fairness in a transaction is to use data and facts to decide on the merits of the transaction.
A great motivator for human beings is self-esteem. Self-esteem gets enhanced when people participate in making decisions that affect them. In other words, you cannot create two classes of people those who rule and those who are ruled.
Praise in public and criticize in private. You can disagree with me as long as you are not disagreeable. A good leader makes people feel an inch taller in his presence. He is generous. He is confident and decisive. He is firm but courteous. He shows his frailties since people want to see him as a normal human being rather than a superman. Take your work seriously but not yourself. PSPD Predictability of revenues, Sustainability, Profitability, De-risking De-risking is about the systems, processes, information and actions that ensure minimization of risks to the corporation in every dimension of its operation.
In my opinion, openness to new ideas, the ability to learn from people who have performed better than us, openness to admitting problems and to accepting that there is room for improvement are important attributes of an effective leader. We fight a constant battle between our mind which is the engine of problem-solving, and our mindset which is a set of beliefs and dogmas. Raghunath Mashelkar I do believe that such focus on rule-based regulation can only succeed if we create a mindset for decency, honesty and respectability among corporate leaders.
It is true that, by and large, most business leaders are committed to these values. However, our focus has to be towards creating disincentives for small minorities who disregards them. Government regulation is, after all, a form of ethics that is externally mandated. It can incorporate every governance practice in form, and still posses none in substance. Unethical companies have typified corporate cultures that voiced their commitment to one value system while their processes and incentives reflected an entirely different value system in practice.
Corporate leaders wear a badge of increased distinction and responsibility. Peter Drucker Once we create a mindset where the role of honesty in our social contracts becomes significant, the very threat of 'losing honour' within society becomes a preventive measure for greed. The corporate governance problem, according to economists, is minimizing agency cost or cost of managers who manage the corporation on behalf of the shareholders. In other words, the primary problem in corporate governance is to ensure that, we do not create an 5.
The dogmas and shibboleths of socialism and centralized planning espoused by our leaders during the first forty years of independence have proved to be false. There is now realization that capitalism with integrity is the only way forward to create jobs and solve the problem of poverty. Consequently, it is our responsibility to create mechanisms where the smallest voice of concern is given adequate hearing.
Let us avoid 'governance by embarrassment' and be proactive. The measure of a man's real character is what he would do if he knew he would never be found out. Our politicians have to create a powerful vision to achieve economic growth with fairness and equity. Progress takes time. It is the responsibility of leaders to keep up the enthusiasm of people by demonstrating through personal example that putting the interest of the community first in the short term will indeed lead to individual betterment in the longer term.
Effective public governance requires a laser focus on the customer. While focus on the customer has been well-accepted phenomenon in the private sector, public governance systems, thanks to the aftermath of colonial rule, rarely focus on their customers who are the citizens of the country. Accountability to stakeholders has been rarely emphasized in our public institutions since colonial governments focused on revenue collection and law and order, neither of which depends on how the customer is.
On the other hand, the survival of a corporation depends on satisfying and exceeding the customer's expectations. Historically, at Infosys, revenues from existing clients have accounted for 85 per cent of our revenues. A key factor behind this is the care we take to deliver on time and within budget while meeting the highest standards.
Since India has a democratic government elected by its people, it is time that we brought focus on accountability to citizens in our public governance. Fairness and transparency are very important in public government.
Success in public governance comes from ensuring fairness to every stakeholder citizens, civil society, the government and the private sector. A strong value system is essential for effective public governance.
Every nation is in a global competition to attract strategic resources human resources and capital. A good value system can be a competitive advantage for governments. A value system is based on fairness and equity in policies, transparency and honesty, avoiding nepotism, abiding by contracts and discharging obligations on time.
In my opinion, the most pressing need in India is a system of accountability in public governance systems. Technology helps democratize information. That government is strongest of which every man feels himself a part. Thomas Jefferson Technology also has an important role in reducing corruption. Typically, corruption is fuelled by a lack of transparency. Compassionate Capitalism Capitalism is a system based on the principle of individual rights and responsibilities.
The bulk of economic activity is organized through private enterprise operating in a free market. Each person survives and flourishes based on his freedom to use his ability. Individuals and companies are allowed to compete for their own economic gain. Market forces determine the prices of goods and services. Such a system is based on the premise of separating the state and industry.
The role of the state is to regulate and protect. Each person has a right to the product of his own work and is driven to action by the opportunity to create wealth. Collectively, we create wealth for society. This results in efficient and optimal allocation of resources. The private interests and passions of men' are led in the direction 'which is most agreeable to the interest of the whole society'. Adam Smith A popular joke on socialism is that in a socialist system there is no unemployment while, at the same time, no one works; no one works but everyone still gets a salary; and while everyone gets salary, there is nothing to buy!
An economy that does not liberalize will slowly die from a sedentary lifestyle. Free markets and open trade, which capitalism promotes, help create wealth and spread opportunity. The task of the government is to create an environment where it is possible for people to create wealth and jobs legally. The resultant social stress will break the very fabric of our economic system.
Compassionate capitalism is about fairness, integrity and putting the interest of society ahead of one's own interest. It is about overcoming greed and short term orientation.
The idea of prosperity always starts in the minds of men. They have to believe in an economic system which allows them to prosper. However, we cannot have market freedom without a focus on the conditions required to maintain this.
We have to redeem people's faith in capitalism as an economic system which believes in the sanctity of private property, the freedom of contract, the power of free trade and the rule of law. Such a system allows them the freedom to experiment, invent and produce. You can help adding them by using this form.
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