Assignment no.1 Intro to business managment Mr. N.

R Narayan Murthy
Mr. Narayan Murthy was born in a middle class family in Siddalghat in Karnataka, His father inculcated importance of determination, discipline and good values. Since childhood he had a very good academic record. At present he is the Chairman of Infosys. Present market capitalization of Rs. 60,000 crores Infosys started with Rs.10, 000.Mr. Narayan Murthy is influenced by Mahatma Gandhi who ‘walked his talk’ and demonstrated by, Example He says he wants to be a doer and respects people who do things, rather than just talk. Some of the traits that differentiates him from others are: His Underlying principle: Is that, you undertake to do something you are confident of and have the capability to do it. This helps to lay the foundation to build a healthy relationship. He also believes that it is better to have a small part of a large, growing pie; than a large part of small shrinking one.

Simple living-high thinking: A man who believes in ‘Simple living high thinking’. Even though he has a personal wealth of Rs. 2,500 crores, his lifestyle remains modest. He lives in a simple 2-bed room flat in Santacruz-Mumbai.

Under-promising & Over-delivering: He has tremendous respect for people and sound philosophy of “under-promising & over delivering”. This helps him build a healthy long-term relationship with his colleagues, employees, family, friends, business associates and network of shareholders.

Pioneer in HRM: Mr. Murthy says that his is an HR-based industry. Software is a knowledge business hence the focus is shifted to Brainware. It was he who started ESOP’s that is real distribution of wealth. Now it is very common in the industry to have ESOP’s but it has done wonders in Infosys. Thus Narayan Murthy is honestly awe-inspiring role model for professionals.

Performance Oriented: He is a man who always measures performance against value. According to Murthy peoples performance in the knowledge industry is as valuable as gold. Thus by introducing ESOP’s he motivated his employees to work smart and hard.

Strategy: ( Customer is the King): Even though there is a lot of competition in the market he believes in one thing that is, being unique in the market place and making sure that you are the 1st mover. Tap the need of the customer and give them more than they expect. Believes in giving

value to the customer, being fair to people and transparency in working. Mr. Murthy says that “Growth comes from repeat business, repeat business comes from relationships, and relationships with customers are built on trust and trust is built by delivering quality products. Social being: He believes in putting the public good ahead of private good in every decision he makes. This differentiates the developed world from the developing world. Infosys practices its Social responsibility very well. Rehabilitation drive, literacy programme, donations etc are few ways in which he works for the society.

Visionary: Though Infosys had so many professionals it did not venture into dotcom because of the vision of Mr. Narayan Murthy. This saved them from going down. The downfall of dotcoms has not affected his business much. Before starting Infosys this visionary got together with 6 professionals and wanted to start have India’s first software company of the professionals, for the professionals, by the professionals, and because of his farsightedness Infosys has come this far and proved to be a winner. Thus Narayan Murthy is honestly awe-inspiring role model for the professionals.

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