Indian Economic Reforms of 1991 and Infosys

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What guiding principle did the co-founders of Infosys emphasize by mentioning Abraham Lincoln's words?

Fostering a culture of entrepreneurship

Maximizing profits at any cost

Building a company of professionals, for professionals, and run by professionals (correct)

Following trends set by other industries

Based on the text, what is emphasized as the core corporate asset at Infosys?

Professional employees (correct)

Real estate properties

Financial investments

Technological infrastructure

What were the essential ingredients for global success in customized software development in India?

Large population and cheap labor

Government subsidies and tax breaks

English-speaking technical talent and strong work ethic (correct)

High export tariffs and protectionist policies

How did the founders of Infosys ensure there was no asymmetry of benefits between founder-employees and other employees?

By avoiding any transaction that created such asymmetry Signup and view all the answers

What did the founders of Infosys believe was the first duty of a corporation?

To uphold respect and dignity for the individual Signup and view all the answers

What belief about market capitalization does Infosys hold according to the text?

Market capitalization becomes zero after working hours end at 6 pm Signup and view all the answers

What lesson does the author suggest can be drawn from the Indian experience with economic reforms?

Free trade can bring great benefits to society. Signup and view all the answers

According to the passage, what was the impact of the Indian economic reforms of 1991 on the Indian business context?

It shifted the focus from state-centered control to a free, open market orientation, at least for hi-tech companies. Signup and view all the answers

What is the main theme or message that the author is trying to convey through the discussion of Infosys' experience?

The global impact and benefits of free trade and open markets. Signup and view all the answers

What does the quote from Martin Luther King Jr. suggest about the author's view on the importance of a company's values and principles?

A company's true measure is not in its moments of success, but in how it handles challenges and controversies. Signup and view all the answers

What is the significance of the quote from Louis Pasteur in the context of the passage?

It suggests that Infosys was able to leverage the opportunities presented by the economic reforms. Signup and view all the answers

According to the passage, how does the author view Infosys' role in the Indian economic reform process?

Infosys was able to leverage the positives of liberalization and has never looked back. Signup and view all the answers

What was the initial seed capital that the seven founders of Infosys struggled to put together?

$250 Signup and view all the answers

Which quality was abundant in the founders of Infosys according to the text?

Confidence Signup and view all the answers

What was key to enthusing generation after generation of employees in Infosys?

Powerful vision expressed as a simple sentence Signup and view all the answers

What was the overarching vision of Infosys as described in the text?

To be a globally respected software corporation providing best-in-class business solutions employing best-of-bread professionals Signup and view all the answers

Who was instrumental in helping the founders of Infosys raise their initial seed capital?

Bankers Signup and view all the answers

Which quality did Eleanor Roosevelt's quote highlight in relation to Infosys' founders?

Belief in the beauty of dreams Signup and view all the answers