Murthy on Globalisation and Global Managers

MADURAI: The success of developing countries in the globalised world would depend on how fast new ideas were developed and implemented to gain competitive advantage, Infosys chief mentor N R Narayanamoorthy said on Friday.

In a globalised world, every nation had something to contribute to improve the standard of living of people throughout the world, he said in his 3rd Founders Day Memorial lecture at the Thiagaraja School of Management here tonight.

He said globalisation had given an opportunity to the developing nations to take share of limelight. Besides, they accounted for more than half of the world's GDP. Indian companies and

Indian operations of companies like Intel, Cisco and Texas Instruments were able to patent 1,000 applications in a single year in 2004, and China was able to produce ipods that was a big hit in the USA, he said.

But the globalisation had also led to intense competition as innovation could come from anywhere in the world -- both developed and the developing -- and lifestyles of the people also underwent transformation due to globlalisation.

With improved employability and enhanced per capita income, the consumber base also had shifted to the developing economies like India. There was no need to think of just the 'rich' customers of the developed economies.

Referring to the attributes of the global manager, he said the person should be able to get the best out of people working under him. Apart from building strong value system, he must be open to new ideas, people, cultre and paradiggm. He should believe in hierarchy of ideas rather than that of men and women.

He should also be generous and share the credit for his achievements with everyone of his team.

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