Infosys co-founder NR Narayana Murthy on Tuesday, December 11 called for a cultural transformation to address the big developmental challenges facing the country. Addressing an event, Murthy said transformation in terms of honesty, discipline, and caring for the underprivileged is necessary for achieving overall development.
"Every enterprise has to first master selling as it is the most important aspect of any kind of entrepreneurship followed by finance where you have to offer better returns to your investors. Also, you need a team with complementary strengths including technology and lastly luck.
"But the most important thing that we need today is a cultural transformation marked by qualities like honesty and discipline," Murthy said addressing the Sankalp global summit. He also noted that leaders of capitalism in every major country have to come together and work together to show the rest of the world how they can show self-restraints and how they ensure there is reasonableness in their lifestyle.
Murthy further said there is also a need for leaders to maintain a larger-than-life passion.
"As organisations becomes larger, the passion, the big vision, and the dream, they all start getting diluted at all levels and it becomes a mere routine. However, it is the job of the leaders to maintain the larger-than-life-purpose," Murthy said.
Meanwhile, addressing the same event, Niti Aayog chief executive Amitabh Kant called for innovations that can help in sustainable urbanization.
"While urbanisation has ended in America and is in the last stage in China, but it has just begun in our country and for the next five decades we will see more urbanization than any country has ever seen," he said.
Kant further said the real challenge for us is how to innovate in sustainable urbanization.
"If we, through innovation and entrepreneurship, are able to find solutions to social issues of urbanisation, then we are finding solutions to the 7 billion people of the world who will be moving from poverty to middles class. So that is truly the market," he added.