The business world is being disrupted by the combined effects of growing emerging economies, shifts in global demographics, ubiquity of technology and accountability regulation. Infosys believes that to compete in the flat world, businesses must shift their operational priorities.

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September 27, 2010

Postcards from Summer Davos 2010: Vertical Nation

Guest Post by
Ashok Vemuri, Senior Vice President and Global Head, Banking and Capital Markets; Strategic Global Sourcing, Infosys Technologies Ltd.

The Summer Davos was a roundtable on China. Delegates opined  (not surprisingly) that the country will shape and provide direction to the global economy. They also sounded a note of caution about writing off the United States - businesses are sitting on huge amounts of cash, capital expenditure has increased, consumer spending is being boosted by savings, and rehiring is gathering momentum. Unlike the Great Depression or the financial crisis in Latin America and Japan, where policy interventions were slow, policy makers in the U.S. have responded immediately and decisively.

The property bubble in China is a cause for concern. Growth will be dictated by trade between emerging economies. The rebalancing of the global economy will be disruptive, and domestic demand in emerging economies will drive innovation and the next technology breakthrough.

The Shanghai Expo was yet another event that confirmed the size and scale of the Chinese juggernaut. Let me share a statistic that sums up the China story: 10,000 high rises were built in Shanghai in the last 10 years - effectively, 3 structures built and functional, every day!

September 20, 2010

Postcards from Summer Davos 2010: A Master Class on Leadership

Guest Post by
Rangarajan Vellamore, COO, Infosys China

I attended a couple of sessions on leadership, specifically on building and navigating a company in the global economy.

Jack Ma, founder and CEO, Alibaba.com, spoke about instilling a 'never complain' attitude and a mindset of 'independent thinking' across the company. He said that several multinational companies dump their products and solutions in China. According to him, this approach will not succeed as it does not respect the unique needs of local customers.

Kris focused on the importance of leadership and robust processes to establish scalable companies.

September 15, 2010

Postcards from Summer Davos 2010: A Champion Leads by Example

Guest Post by
Kris Gopalakrishnan, CEO and Managing Director, Infosys Technologies Ltd.

My first impression on arriving at Tianjin is of 'magnitude'. The city's administration is one of the four Chinese municipalities that enjoy autonomy. Scale sows seeds of progress. The infrastructure in China is world-class and drives economic development.

During my visits to China in the recent past, I have witnessed a grand display of the scale and efficiency of China's growth. I am impressed by the far-reaching, lasting change as China seeks its rightful place in the world economy. We have lessons to learn from the 'new champion'.

Postcards from Summer Davos 2010: A Super Power in a Big Hurry

Guest Post by
Ashok Vemuri, Senior Vice President and Global Head, Banking and Capital Markets; Strategic Global Sourcing, Infosys Technologies Ltd.

Today's discussions put the spotlight on China's economic power. The country's growing influence on the world economy is the outcome of leadership and commitment to sustainable development, environmental protection, labor practices, and education policies.

The planned development of the western provinces and investments in Tier 2 cities such as Tianjin are boosting China's growth. The country is focusing on innovation and the development of infrastructure at a rapid pace. I learn that the Meijiang International Convention and Exhibition Center was built in less than a year!

I attended a session on 'mixed reality' by fellow member from the Forum of Young Global Leaders (YGL) Prof. Adrian David Cheok. His introduction to the application of mixed reality in real life has rekindled my interest in artificial intelligence.

I look forward to Day 3 for refreshing insights into the state of the world economy and perspectives on growth.

Postcards from Summer Davos 2010: Asia, Take a Bow

Guest post by
Rangarajan Vellamore, COO, Infosys China

The 'Summer Davos' at Tianjin began with sessions focused on the growth story of Asia. The consistent growth of Asian economies in the last decade heralds Asia's century of economic growth. During the global financial crisis, the growth in China and India helped stabilize the global economy. It is indeed a remarkable achievement.

We can expect the Global Competitive Index (GCI) of Asian countries to grow by attracting investments, developing a rich talent pool and driving innovation. I attended an interesting session on building talent pools across Asia and developing Asian leaders to champion growth. The key takeaway was that growth must take place in a sustainable manner so that it does not put a strain on existing resources.

Postcards from Summer Davos 2010: Sustainability Lessons from the Game of Chinese Checkers

Guest Post by
Ashok Vemuri, Senior Vice President and Global Head, Banking and Capital Markets; Strategic Global Sourcing, Infosys Technologies Ltd.

Business leaders of the Forum of Young Global Leaders applied their minds and discussed sustainability - defining, understanding and analyzing corporate responsibility.

Interesting facts emerged from our discussion: We consume natural resources that need to be replenished by up to 1.4 times. Almost 14% of U.K.'s energy consumption is accounted by washing machines. Contrary to popular belief, China is emerging as the 'clean tech lab' of the world. Of the US$ 520 billion invested in global sustainability initiatives, a staggering US$ 200 billion was spent in China!

In my interactions with Chinese policy makers and businesses, I sensed that China is not willing to compromise on the living standards and needs of its people - the community always plays a significant role in decisions at all levels.

The holy grail of sustainability is to reduce the ecological footprint without compromising on human and economic development. The world needs change agents to achieve sustainable growth. Global companies can realize sustainability through effective change management.