Infosys leadership talks about leadership
Indian software giant Infosys Technology Co., Ltd. (Infosys) announced at the end of April that S. gopalakrishn, founder and CEO, was the chairman of the company during the transition period, and he will be officially promoted to the chairman in August. At that time, S.D. shibulal, the current chief operating officer of the company, will be promoted to CEO. Other co founders of the company will retire to make way for a new generation of leadership. The adjustment of the management of Infosys highlights the company's determination to get out of the haze of the global economic recession and create brilliance again
insead professor of organizational management Emilia? Herminia Ibarra said, "Infosys has missed some good opportunities in today's increasingly competitive market. The current challenges come from both established companies and emerging competitors. The new CEO of the company is charged with the new mission of leading the company to meet the challenges and strengthen its market position. This is very different from the Murthy/Nilekani era."
n.r. Narayana Murthy will step down as chairman and become the honorary retired chairman of the company. Nilekani served as the CEO of Infosys from 2002 to 2007, and made brilliant achievements for the company. Murti, Nilekani, Gopala Krishnan and hibral founded Infosys in 1981, with a registered capital of only $250 at that time
gopalac richnan has more than 30 years of leadership experience in promoting cooperation between industry, University, research and application, as well as in Chirac. They are convinced that leadership lies in setting an example; Both individuals and enterprises must keep pace with the times. They have announced the launch of a restructuring plan called infosys3.0, dedicated to the development of the company's consulting and service business
during an interview with INSEAD think tank earlier this year, hibral said that a good leader must have three qualities: set an example, set an example of morality, and be good at learning and change. "I firmly believe that a leader must set an example. He should not ask others to do what he doesn't want to do."
ivara pointed out: "other challenges include whether he has a forward-looking vision, whether he can accurately position the development of Infosys in the next few years, and whether he has the leadership courage to lead the company to a new peak. Therefore, he must encourage and guide the active participation of the younger generation, because they are more creative and ahead of the times."
infosys is the second largest software company in India and also a global software outsourcing giant, with a turnover of more than US $60billion. The company grew at an alarming rate and soon occupied the top of the industry. However, with the increasing competition in the industry, Infosys is losing its advantage in the market competition with new and old competitors. The profit of last quarter failed to meet the expected target. Analysts believe that the new management must focus on developing the market, not on preserving profits
hibral said that the company's new strategy will be to divide businesses more effectively based on industry, service nature and region, and seek greater market share
after the announcement of the promotion appointment, Hibral told the London economy: "I am very interested in the two topics of struggle and adventure. In my opinion, Infosys is a company that dares to fight and take risks. For example, we entered China five or six years ago, and now we are constantly expanding the size of our Chinese branch. Now there are 3000 employees there, and by the end of this year, we plan to expand to 7000. Another example is our consulting business, we launch a new business: Infosys consulting （Infosys Consulting）。 We recruit the best talents in the wire rod industry, and persuade them to join us to jointly plan this new business. This is a bold move. "
when gopalac richnan visited INSEAD in March, he pointed out that the most important leadership value of the company is to set an example
"this is the company's principle. It's the same for everyone. The CEO is no exception, and the chairman is no exception."
Gopalakrishnan said that in September 2008, under the impact of the economic recession, the company suspended the promotion and salary increase of employees. However, the company did not lay off staff and continued to recruit new employees. The senior management accepts the maximum salary adjustment and changes to economy class on business trips. The management actively listens to and collects hundreds of suggestions from employees to increase revenue and reduce expenditure, so as to strengthen employees' sense of belonging to the company
Gopalakrishnan said, "employees spontaneously and consciously seek solutions, which has created huge brand assets for us. We are the only company in India to do so. For me, this is a long-term gain, compared with the loss during the period is minimal."
during his tenure as CEO, he devoted himself to building a learning organization for the 100000 employees of Infosys. He believes that this will contribute to the future development of the company
"I firmly believe that in the face of the rapidly changing market, any organization or enterprise must keep learning in order to keep pace with the times. The progress of enterprises depends on the continuous progress of employees. In today's global environment, technology, business processes, business enterprises and competitive situations are changing with each passing day. Only by continuous learning can we keep up with the trend of the times." Gopalakrishnan believes that large enterprises must have a formal and systematic leadership development model. Infosys relies on such a model to tap and cultivate the leadership potential of excellent talents. This is particularly important in the next decade, because it will be a period when the company will replace the old with the new, the older generation of leadership will retreat behind the scenes, and the new generation of management will take over
excellent leaders must be farsighted and good at putting it into practice; Excellent leaders must also be good at planning and deployment. Gopala Krishnan believes that decentralization is crucial for taking the helm of large enterprises. "You can't do everything yourself. You must delegate power so that things can be done better."
both Gopala Krishnan and hibral believe in the company's "pspd" model. "Pspd" is the abbreviation of four English words. 6. It has perfect limit protection function and overload, overcurrent protection, automatic shutdown of experimental fracture and other functional words. It represents predictability, sustainability, profitability and de risking
this model has been criticized for placing too much emphasis on predictable profits. Infosys has a strong cash reserve, because the founders believe that the company must have enough cash to meet the expenses of one year. Gopala Krishnan said, "sustainability is crucial for a company.". He said that the worst had been planned this year, which gave the company enough time to slowly recover. "The transformation of business and business model will take a long time."
he said, "what I have to look at every day is the company's revenue data. At Infosys, we think that profit is just a numerical concept, and cash is real and reliable." He believes that only when customers pay can they show that they are satisfied with the services provided by Infosys
gopalac richnan frankly said that in the past few years, the company's leadership has made at least one mistake. He said that the communication between the company and its employees was crucial, and he himself had a deeper understanding of this high molecular weight point during the economic recession
at that time, the company was carrying out a large-scale restructuring plan, including promoting qualified talents and assigning them to more suitable positions. When the economic crisis strikes, the company shall not temporarily shelve personnel promotion and rescheduling. However, due to the busy response to the economic crisis, the management failed to convey this message
"our idea at that time was that the new model just launched could not be abandoned. Give us two cycles to deal with the crisis, and we will continue to promote the promotion plan and promote outstanding talents. However, this idea was not conveyed in time."
ivara said, "Infosys strives for a smooth transition, but the current IT service market is very competitive."
Gopala Krishnan and hibral shoulder the new mission of leading this giant enterprise to change. Gopala Krishnan said, "difficult times are the best time to test values. We need to clearly show our adherence to this set of leadership values, that is, set an example and take a long view."
"the mission of the new CEO is to strike the right balance between sustainability and innovation", ivara pointed out. Text:
Aileen Huang translated this article. (end)