The talk of Forbes with Azim Premji of Wipro looks like a crisp and short lesson on management and economy. He attributed his success to early entry into the new industry, ‘We caught the wave at the right time.’ The Indian success in this field, according to him was because of its ability to produce large number of good engineers (kudos to our educational system). Compared to the US figures, it is nearly 8 times more according to the available figures with him.
The weak dollar was the result of the lack of savings-habit among the Americans. He was also critical of the health care in the States. Hard work was behind the success of the company ‘Wipro’ and he condemned commuting to work as waste of time and energy and he elected to stay just five minutes from work. His comment on the spending culture created artificially by the American big businesses only reminded me of another blog which appeared here a month back. A reading of 'buy and save' would be of interest.
Read 'Buy and Save'
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