narayan murthy & ethics final
TRANSCRIPT
-
7/29/2019 Narayan Murthy & Ethics Final
1/14
A clear conscience
is the softest pillow
in the world.
-
7/29/2019 Narayan Murthy & Ethics Final
2/14
Professionalism and ethics are
becoming more and more relevant in ourquest to become better professionals, in
our quest to make this country a better
place and this world a better place. And
that exactly is the background that wehave set out with,
Narayana Murthy.
-
7/29/2019 Narayan Murthy & Ethics Final
3/14
O N.R. Narayana Murthy is the founder ofInfosys.
O He took a personal stand against bribery indifficult circumstances in his home country, andwas featured in the Harvard BusinessReview magazine discussing Values and the part
they have played in his success.O Born in 1946 and a bright student, Murthy went
on to acquire a degree in Electrical Engineeringfrom Mysore University and later studied
Computer Science at the IIT, Kanpur, India.O He has also received Padmabhushan award.
-
7/29/2019 Narayan Murthy & Ethics Final
4/14
O Attributes of entrepreneurship
O Strong follower of Business ethics
O Opportunistic
O Professional qualification & knowledge base
O Vision & foresightedness
O Sound Management skills
O Commitment to values , speed , imagination
O Leadership leaders in making ( NandanNilekani, T.MohandasPai, S.Shibulal )
-
7/29/2019 Narayan Murthy & Ethics Final
5/14
O Infosys was born in year 1981 by Narayan Murthy &six other IT professionals.
O The seven founders were having same vision ofcreating world class company of the professional ,forthe professional & by the professional.
O From the start they want to start business legally ðically to demonstrate that by putting the interest ofcorporation above own interest will benefit in long-term.
O Mr. Murthy personally assured Mr. Patni that , whileleaving Patni , ongoing projects will not suffer.
O Hence though Mr. Murthy given resignation inDecember 1980, he left Patni in March ,1982.
-
7/29/2019 Narayan Murthy & Ethics Final
6/14
O Infosys has always stood for ethical and responsible
approach to business.It has been consistently viewed as the mosttransparent and ethical organization by thecustomers, employees, society and the investor
community.O While a number of organizations today are engaged
in window dressing their accounts and also are tryingto communicate a performance far better than the
actuals, with a view to inflating their valuation,Infosys always followed the policy of nakedtransparency in front of the investing community,through their ' When in doubt, disclose' approach.
-
7/29/2019 Narayan Murthy & Ethics Final
7/14
O In 1984 when Infosys imported the first
computer to Bangalore, a customs officialindirectly asked them for a bribe. WhenMurthy pretended that he did not understandthe request the official refused to recognize agovernment certificate that entitled the
company to a concessionary import duty ofonly Rs. 100,000, compared to the regularduty of approx. Rs. 1,000,000. The companyended up paying the higher duty, and had togo through a lengthy claims process lastingsix years to recover the excess duty paid.
-
7/29/2019 Narayan Murthy & Ethics Final
8/14
O In 1996 the Company refused to pay a bribe of
Rs. 400,000 in the purchase of land on which itsmodern offices are located in Bangalore. It endedup paying Rs. 4,000,000 extra for the land (40%more than what other companies had paid in thesame area).
O Murthy lived by these ethics and values in 2004when he was travelling with his wife, a non-Infosys employee, he refunded the company thedifference between the hotel cost of a single and
double room. He also commented on why he tookthis stance by saying, The best way of
communicating a message is by walking the talk.You get the best credibility
-
7/29/2019 Narayan Murthy & Ethics Final
9/14
O Murthy believed that if people/ employees do not
believe in the values of your company any amountof processes or systems wont help. You cannothave monitoring for every person.
O Infosys Values: They have middle class values. It
is the dignity of and respect for all peopleirrespective of their background. Dont doanything, which is [harmful] to the fairness in allour transactions. Its an ethical and moral means
of making money, so creating money is not the
essential thing. Money will automatically come.
-
7/29/2019 Narayan Murthy & Ethics Final
10/14
O In one of the foreign exchange cases , agovernment official conducted an enquiry andsaid, I want a PC for my wife, she is running
a clinic. The founders of Infosys refused to
give him one. He said, I will see to it that
maximum damage is done to you.. It went onand on and finally Infosys had to write to thefinance minister and the official wastransferred.
-
7/29/2019 Narayan Murthy & Ethics Final
11/14
O
Murthy believed its possible to be fiercely competitiveyet friendly with your competitors, as long as both
parties are professional & Ethical.
O Hence he says I maintain very good ethical relation
with Aziz Premji, Wipro. I think there is very much that
I can learn from him.
-
7/29/2019 Narayan Murthy & Ethics Final
12/14
Sexual harassment caseO Mr. Phaneesh Murthy was former head of
worldwide sale .
O But in 2002, A former employee of Infosys
Technologies in the US, Ms Jennifer Griffith in theUS filled sexual harassment suite against him &asking for $3 million for damages.
O Mr Murthy's opinion and belief that the allegationsare baseless and it is the most blatant example oftaking advantage of the public news of a priorsettlement.
O Company paid half the money .
-
7/29/2019 Narayan Murthy & Ethics Final
13/14
ConclusionO Narayana Murthy, through his simplicity,
approach to business, honesty, integrity andprofessional excellence proved to the world
that, ethical conduct, transparency andbusiness acumen are not at variance with eachother and are indeed interrelated.
-
7/29/2019 Narayan Murthy & Ethics Final
14/14
THANK -
YOUSampada Bodas - 66
Nikita Devi 69