Infosys co-founder and Chairman Emeritus, N R Narayana Murthy has said the recent macroeconomic situation has been extremely volatile.

While delivering the inaugural lecture of the Globsyn Annual Lecture Series here recently, Narayana Murthy said: “Never before (has the) the macroeconomy been so volatile.” So, the challenges for companies would be far more daunting, he added.

Companies need to bring in innovative ideas to the table to survive, he said. According to him, “speed in imagination and excellence in implementing the imagination” would be important for any company to grow.

Narayana Murthy pointed out that private companies should also have the ability to “build the foundation of a secure future” by giving value to its employees.

Citing the example of Infosys, he said each applicant passes through rigorous tests to become an Infocion (an employee of Infosys) and that enhances the knowledge-driven foundation of the company. “Every year 25,000 people are recruited from the near one million aspirants,” he said, adding that one who appears for Infosys’ written-test once cannot sit for the next one year.

(This article was published on August 5, 2012)
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