TECHNOPRENEUR
Introduction:
One of the most famous living legend and Technopreneur in India is Mr.N.R.Narayana Murthy (Nagavara Ramarao Narayana Murthy). Narayana Murthy is the Executive Chairman of Infosys Limited, a global software consulting company headquartered in Bangalore, India. He founded Infosys in 1981, served as the CEO during 1981 – 2002, as the Chairman and Chief Mentor during 1981 – 2011, and as the Chairman Emeritus during August 2011 – May 2013. Under his leadership, Infosys was listed on NASDAQ in 1999. Infosys is an Indian multinational that provides business consulting, technology, engineering and outsourcing services.
Biodata:
Narayana Murthy was born on 20 August 1946 in Mysore, Karnataka. He graduated in 1967 in B.E. Electrical Engineering in NIE Mysore and in 1969 he graduated his Master’s degree from IIT Kanpur.
Career:
Narayana Murthy began his career at IIM Ahmedabad as chief systems programmer and he worked on India’s first time-sharing computer system and designed a BASIC interpreter for ECIL (Electronics Corporation of India Limited). Infosys wasn’t Narayana Murthy’s first entrepreneurial venture. In the beginning, he started a company named Softronics. But, he was not successful at that time; it failed after about year and half, he joined with Patni Computer Systems in Pune in 1977.. He married Sudha in his house on February 10, 1978. His wife Mrs. Sudha Murthy is a social worker.
Growth and Development of Infosys:
Narayana Murthy had a great vision but a zero capital. And, his wife Mrs. Sudha Murthy gave full support to him, because Murthy was very passionate about creating the good quality software. Murthy and his six colleagues decided to start Infosys in 1981 with enormous interest and har...
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Money mean to him:
“The power of money is the power to give”. Beyond the certain level of money has an opportunity to make a difference to society. More the money more to share. It has to be done over the years, but in majority they given to public causes. If they don’t have the money they starts their but not to destination.
Key Thrusts:
According to him people who wants to achieve their dream, people who work hard they never fails, instead they move forward. He had a positive thinking to run the company. If we give the confidence to the people they can achieve tremendous things. He gives new route to IT industry in India by his simplicity. He became a father of IT industries in India.
References
[1]. http://en.wikipedia.org/wiki/N._R._Narayana_Murthy
[2]. http://www.infosys.com/about/management-profiles/Pages/narayana-murthy.aspx
A penny saved may be a penny earned, just as a penny spent may begin to better the world. Andrew Carnegie, a man known for his wealth, certainly knew the value of a dollar. His successful business ventures in the railroad industry, steel business, and in communications earned him his multimillion-dollar fortune. Much the opposite of greedy, Carnegie made sure he had what he needed to live a comfortable life, and put what remained of his fortune toward assistance for the general public and the betterment of their communities. He stressed the idea that generosity is superior to arrogance. Carnegie believes that for the wealthy to be generous to their community, rather than live an ostentatious lifestyle proves that they are truly rich in wealth and in heart. He also emphasized that money is most powerful in the hands of the earner, and not anyone else. In his retirement, Carnegie not only spent a great deal of time enriching his life by giving back; but also often wrote about business, money, and his stance on the importance of world peace. His essay “Wealth” presents what he believes are three common ways in which the wealthy typically distribute their money throughout their life and after death. Throughout his essay “Wealth”, Andrew Carnegie appeals to logos as he defines “rich” as having a great deal of wealth not only in materialistic terms, but also in leading an active philanthropic lifestyle. He solidifies this definition in his appeals to ethos and pathos with an emphasis on the rewards of philanthropy to the mind and body.
People are starving all over the world. They lack food, water, and basic medication. Some suggest that the wealthy should donate and do their part to help. Peter Singer, a professor of bioethics, wrote an article called “The Singer Solution to World Poverty” in The New York Times Magazine, in which he suggests that the prosperous people should donate all money not needed for the basic requirements of life.
A wealthy person, with the desire to do well with their fortune, could benefit society in a number of ways. Carnegie has verbally laid a blueprint for the wealthy to build from. His message is simple: Work hard and you will have results; educate yourself, live a meaningful life, and bestow upon others the magnificent jewels life has to offer. He stresses the importance of doing charity during one’s lifetime, and states “…the man who dies leaving behind him millions of available wealth, which was his to administer during life, will pass away ‘unwept, unhonored, and unsung’…” (401). He is saying a wealthy person, with millions at their disposal, should spend their money on the betterment of society, during their lifetime, because it will benefit us all as a race.
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Most people feel that they should help the needy in some way or another. The problem is how to help them. This problem generally arises when there is a person sitting on the side of the road in battered clothes with a cardboard sign asking for some form of help, almost always in the form of money. Yet something makes the giver uneasy. What will they do with this money? Do they need this money? Will it really help them? The truth of the matter is, it won't. However, there are things that can be done to help the needy. Giving money to a reliable foundation will help the helpless, something that transferring money from a pocket to a man's tin can will never do.
The market for IT industry was huge and expanding at a fast pace. However the market leaders were Accenture and IBM which had a negligent market share and rest was captured by small enterprises. Indian companies also ventured in the industry and due to their competition, IT multinational giants had to increase their base in India. Due to high opportunities, attrition rate was also high in this industry. As a result Indian companies like Wipro, Infosys increased their base level salaries. During this phase, Indian economy was transforming towards an era of information and knowledge. This can be seen from the fact that contribution of services towards the economy’s GDP was higher than 18% in 2001 as against in 1980. No other industry had done better standing against global competition. The annual exports had always been over 50% over a decade. U.S.A. share represents highest with 61% and about a third of Fortune 500 companies outsource their software work to India. To foster development, Indian government has taken a number of steps like liberalization of policies and providing necessary capital and infrastructure to foster growth. Thus Indian environment has been conducive for growth. (Ref: Indian Embassy.org) Competitor analysis- The market for IT industry was fairly competitive with IBM and Accenture as global leaders and rest of the market was pretty diffused. IBM and Accenture had strong brand and a global presence with a large customer base. They also offered panoply of services viz. technology implementation, business consulting, offshore services, customer relationship management etc. Both offered breadth and depth of services. IT market in India offered technical and business consulting with Tata Consultancy Services which was the market leader in IT exports and Wipro Technologies and Infosys being other major market players. TCS offered consultancy services, IT services, asset based solution etc. Wipro was third largest IT provider with service offerings in IT consulting, software solutions, BPO etc. Both had a strong global presence. Intensity of Rivalry: Rivalry amongst competitors was pretty intense as can be seen the Indian competition caused IBM to increase their presence in India. However leaders like IBM and Accenture had a wide range of service offerings so competition was only amongst few sectors. Rivalry was to hire the top talent as human capital is the most important thing in the IT sector. This is the reason that attrition rate lead to a rise in pay packages.
In most cases, shortage of money is not the sole problem. Rather, poverty is a mere term summarised by a sophisticated factors of corruption, lack of infrastructure, civil unrest, government failure, and many more. Especially, donated money are regularly spent to run campaigns, provide wages to staffs, and to run the charities, with a very few of the amount being invested directly to help the poor. This socio-political scepticism can be worse as some believe that charity is merely a band aid fix to the deeper underlying problem that is continuously causing the poverty, and it only becomes the basis for local communities to be dependent on
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Palvia P., Palvia S. & E. Roche (1996) Global Information Technology and Systems Management. Ivy League Publishing