Entrepreneurial story: from 250 dollars to 30 billion dollars
Mr. Shibulal; photo from official CEIBS web-site |
Mr. Shibu in 40-min speech shared his 32 years experience
of founding and running global IT company. Than we had an opportunity to ask 40
min different questions. Infosys ranked among the most innovative companies in
a Forbes survey, leading technology companies in a report by BCG - The Boston
Consulting Group and top ten green companies in Newsweek's Green Rankings. Also
Infosys named “Business Partner of the Year” by P&G in 2011. Nowadays this
is a company with 30 billion dollars turnover (that is 30 and nine(!) more
zeros) with more than 5 billion revenue last year. I think it is a successful
company.
I was curious how an Indian company could get on global
leader positions in around 30 years? What makes this company so successful? I did careful notes from his speech with a purpose to
share this experience with you also.
So, here are key factors of the Infosys' success in the view of
Mr. Shibu:First of all, in a year 1981st seven Indian
friends come together and decided to start a company. They got a vision-insight:
1) technology will be developed
highly in the future 2) globalization
will have a great impact on the business globally. And they got the idea what
kind of business they can run based on those two insights. You have to point
that was 1981, only not so many people were talking about technology
development trend and even less had an understanding what is globalization. So,
the lesson #1: you have to understand and catch up the global trend, if you
want to build a global company.
Infosys Campus, photo from www.infosys.com |
Nowadays it doesn’t matter you are in Zimbabwe, the UK, China or Ukraine – nobody cares so much where are you from. If you can provide high quality value – people will do with you business. That leads to the second his point: go quality rather than quantity. Infosys was among first companies in India, which introduced ISO standards and met those standards during following years. As a result, some of the Infosys’ global clients stay with the company for more than 15 years.
Third: people. Best company must have best people. That Infosys top-management understood quite well and implemented the system of growing best people.Mr. Shibu said: “People will stay with you in long term if you can provide:· Learning opportunities
Fourth: strategic partnership with best universities, innovation centers. It give the access to the best minds and best ideas for new product. Also Infosys has it’s own Development and Delivery Centers, where high-ended enterprise consulting, solution, implementation and delivery teams focused on delivering projects in different industries.Not the last factor played Entrepreneurial spirit and spirit of innovation: “Being #1 is very important for us”, - said Mr. Shibu.
photo from www.infosys.com |
From his personal recommendations how to become a global CEO, he said the next:1. Excellence and high quality in everything what you do. I would say that is similar to what Colin Powel l said: “Do your best every day in the field of your passion”. But that pointed even higher: you have to do your best better.
After a lecture there was another event only for specially invited people (which I realized much later). I went to this special event, where very important people from CEIBS did networking and also met with some people there. And what is more important: finally I got an answer on one question. But that’s another story. Hope you found something useful and valuable.
Thank you for reading this post till that point. Have a productive and innovative week!
Comments
Post a Comment