Narayana Murthy’s Top 10 Rules For Success

Narayana Murthy’s Top 10 Rules For Success


– Everyday we have new
issues, new problems, new challenges. I am the first among the equals as far as the mentoring
process is concerned. I have learned that courage is the most important
attribute of a great leader. Never ever under estimate
your competitors. Half of the people in the country are waiting for a telephone, the other half are
waiting for a dial tone. I think at the end of the day most of our energy comes from mental energy. People see us walking the talk. Luck you need, but be
prepared to seize that luck. Let the good news take the stairs, and let the bad news take the elevator. While we take our work very seriously, we don’t take ourselves very seriously. – He’s an Indian IT industrialist. He’s the co-founder of Infosys, a multi-national corporation
providing business consulting, engineering, and outsourcing services. As of September 2015, he was listed by Forbes magazine as having a net worth
of 1.8 billion dollars. He’s N. R. Narayana Murthy and here are his top
ten rules for success. – Everyday we have new
issues, new problems, new challenges. There is no doubt at all. In fact I would always say that today it’s the nimble ones
that eat the big ones, right? It’s not, size has value, but not as much value as it
used to have 50 years ago, or 30 years ago. So in that sense certainly those corporations which
use speed, imagination, and excellence and execution are the ones that will
survive and succeed. So it is absolutely necessary for us to come up with
new ideas, new paradigms, it is necessary for us to
keep our employees happy, our customers happy, our investors happy. So I don’t think the ride is easy. – On a scale of one to ten how
would you say you’re fairing? – I would probably say a six. – So that leaves some
pretty significant headroom. – Oh yeah, of course, of course. But remember that we Infosyians are not used to giving high marks so. The primary objective of every leader is to ensure that there is successive generation of leaders. And one of the instruments for doing that is mentoring. Mentoring is a private relationship. It’s a voluntary relationship. The mentee chooses the mentor at Infosys, so it’s an honest one. It’s one where the model dilemna, the value system, etc., etc., can be discussed openly and honestly. And hopefully the mentor
will use his or her experiential base to give some solutions. – So do you have mentoring
throughout the company, normally established and you are chief? You’re chief people officer? – I am the first among the equals as far as the mentoring
process is concerned. I have learned that courage
is the most important attribute of a great leader. Courage to dream big, courage of conviction, courage to take bold decisions, courage to go against conventional wisdom, and courage to travel
the road less traveled. We have learned a lot from
every one of our competitors. That is not it at all and we respect them. One of the articles of faith at Infosys is never ever underestimate your competitors. Always respect them. Learn what you can from them. And that’s the way you can beat them. There was a huge opportunity for software to be developed for corporations because hardware had become cheaper and we realized that in India
there were lots of engineers who did not have job opportunities. Therefore we said, “Why don’t we build a company
that focuses on developing “bespoke software applications “for customers in developed nations.” – You started the company
and you had a hard time because India was not open
to the outside world was it? – Those days, the government was very
business unfriendly. It took us a year to get
a telephone connection. We used to have a joke and that is half the people in the country
are waiting for a telephone, the other half are
waiting for a dial tone. And second, it took us
three years to get a license to import a computer. – And that was what you were about. You needed a computer to
do the job you were doing. – Absolutely So the environment was
extremely business unfriendly. But then we said, “Look there is a huge global opportunity “and therefore we should stick with it.” We stuck with it and
God has been kind to us. I think at the end of the day, most of our energy comes
from mental energy. As long as you are in a state of mind that is full of enthusiasm, hope, confidence, and joy, then physical energy will come. You know frankly I don’t think we dreamed that we would come this far. I don’t think we dreamed that
we would be 92,000 people. Would probably have 10
or 12 million square feet of space. I don’t think we dreamed there’d be four million
dollars plus in revenue. A billion dollars plus in profits and on 20 million dollars in market gap. Operating in 39 countries. None of that was dreamed. I think what was very clear in our mind right from day one was that we would seek respect. Respect from every one
of our stake holders, customers, employees,
investors, rendor partners, government of the land and the society. Because our logic was if we sought respect from every one of these stake holders, the revenues would automatically come. Profits would come, etc., etc. – You know that’s the part, to be honest, that I don’t understand. When you say that you sought
respect from all stake holders and everything else would follow. How do you actually
hold that in your hand? How do you grasp at something tangible like respect from stake holders? How do you break it down into a process so that all of Infosys
can identify with it? – Well it is not that difficult in the sense that you articulate a, your value system in a very clear and concise manner. For example we use the acronym
CLIFE for our value system. That is C-L-I-F-E. Customer focused, Leadership by example, Integrity and transparency, Fairness, and Excellence in execution. So we have clear, solid case studies all to demonstrate the value system. We have leaders talking about it. And then people see us walking the talk. And there are situations where
you could take a short-cut and we don’t do that. And once you demonstrate the value system by deed, then the grapevine travels so fast– – And it replicates itself – Yeah, it replicates itself. You need luck because I’ve
seen lots of smart people lots of people who have worked hard. They haven’t been blessed. And you need luck but at the same time let’s remember Louis Pasteur’s words that God favors the prepared mind. So you have to be prepared to
take advantage of that luck. Luck you need, but be
prepared to seize that luck. I have learned that the leaders will have
to be trustworthy first, before being high performers. Such trustworthiness comes if we act according to the adages. Let the good news take the stairs and let the bad news take the elevator. – Does it bother you that expectations always run so high of Nayarana Muthy of Infosys? And you know with the expectations
always running so high and so consistently high there’s a risk of people
around you expecting too much and hence, facing disappointment. Does that bother you at all? – Not really because, while we take our work very seriously, we don’t take ourselves very seriously. All these things would
bother a person if he or she were to take himself or
herself very seriously. We don’t do that. – And how does a corporation manage to not take itself so seriously? – No the corporation takes it seriously, but not the individuals. – Not the individuals
within the corporation. – Thank you so much for watching. I’m made this video because
Jiashu Chen asked me to. So if there’s a famous entrepreneur that you want me to profile next, leave it in the comments below
and I’ll see what I can do. I’d also love to know
which of the top ten rules meant the most to you,
hit you the hardest. Leave it in the comments and
I’ll join in the discusion. Thank you so much for watching. Continue to believe,
and I’ll see you soon.

Danny Hutson

44 thoughts on “Narayana Murthy’s Top 10 Rules For Success

  1. hi Evan I watch your ever video you are the best inspiration available. Can you make 10 points on Tim skyes the stock trader.

  2. Thank you very much Evan for this video compilation of Narayan Murthy. He's an inspiration for many who dream big & believe in attaining them ethically..

    I'd like a similar on "Dhirubhai Ambani" another business legend from India. I'm sure it's something that millions of Indians & global world will take inspiration from.. Many thanks in advance.

  3. great! can you please do David Geffen and/or Dave Grohl?!! Thank you for what you do. Your channel inspires me on a regular basis.

  4. Walk the talk inspired me the most. I learn so much from your channel. Thanks for the heart and hard work you put into your work.

  5. Totally agree about defining your value system and then demonstrating this through case studies. The latter brings the former to life.

  6. Thanks for sharing Shri. Narayan Murthy's top 10 rules for success! Loved the advise on Values C-Life. Can we have Stephen Curry and Coach Pete Carroll's top 10 rules for success please. Thank you!

  7. Great work.ur channel is motivating aspiring entrepreneurs all over world.can u do one video on dhirubhai ambani.

  8. I met him in real life and he's extremely down to earth. it was quite an honour. thanks for this video

  9. Really u great narayana bro because u reach rank but year financial problems u can't do u vl done it so great I am a role of u

  10. You are the best roll model really great I love you so much sir so good to you in every thing ๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘

  11. Really enjoyed watching great, prodigy, mastermind of IT industries. Points extracted from all event was superb work. Tnx for providing such a inspirational video. Hope to see more….

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