Successful companies will weather global meltdown
Strong, successful companies would weather the current global meltdown and
emerge stronger, while inept or weak firms would be wailing and asking for
bailouts, Wipro chairman Azim Premji said here Tuesday.
"The global economy is set for restructuring in the wake of
financial meltdown and recession. The crisis is set to intensify in coming
months. Successful companies will come out much stronger in two years, but inept
ones will be crying, blaming others and asking government for aid," Premji told
about 1,000 delegates at a technology conference here.
Addressing at the
TiE (The Indus Entrepreneurs) summit 2008, Premji advised enterprises to take
advantage of the present crisis to spring clean their organisations, which had
become complacent through excessive success.
"This is a huge opportunity
to really spring clean. If organisations do that right, I can assure you they
will emerge stronger two years from now, will have significant market share and
will be better armed to be successful in market place," Premji
asserted.
Exhorting budding entrepreneurs, including many from the
Silicon Valley of the US to pursue their dreams and ideas with passion, the IT
czar said risks and failures in the process were worth taking as they teach many
a lesson to learn and succeed in the long run.
"Entrepreneurship should
be a life-long passion, inspiring us to face the challenges
en-route.
Though money and profits are no less important, it is the
ethical values such as integrity, honesty, transparency, commitment and humility
that we imbibe in the process," Premji said.
Recalling his own trials and
tribulations in pursuit of building a global organisation (Wipro), Premji said
entrepreneurs should have foresight to find business opportunities and visualise
what kind of products or services would be able to sustain their
enterprises.
The three-day summit is being organised by the city chapter
of TiE, the non-profit organisation for entrepreneurs, which has about 12,600
members across 11 countries.
City chapter president and Microland founder
Pradeep Kar spoke of private entrepreneurship accelerating industrial growth in
India and the transition of India Inc. into this space from the Nehruvian
business model from the nineties when the economy was opened up.
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