B - School News

 

Press Release
Azim Premji Talks About Outsourcing
At Indian School of Business

Hyderabad, February 13, 2004: Chairman of Wipro Technologies, Mr Azim H. Premji addressed the ISB Community on Friday, discussing the current trends in globalisation.

Mr. Premji was given a standing ovation on arrival by the students and staff, and began his speech with a candid comment on the ISB, "Wipro's experience in recruiting people from your School has been very successful, and we will continue to hire from the ISB." He added, "I am not here to sell Wipro, but Wipro is a great company!"

Talking about offshore outsourcing which he called "an irreversible global trend", Mr Premji broadly analysed the positive implications for the western world, as well as developing economies. Referring to the initiative by several IT and Consulting majors to set up offices in India, he said it "legitimises the global outsourcing model successfully pioneered by Indian IT companies." In a stimulating speech, Mr Premji spoke of the challenges before India, its software and ITES industries, and all professionals. Responding to a question on how entrepreneurs are created, he said, m,"By taking risks. You have to have a strong mission and vision. You have to be willing to make sacrifices - you have to put your neck on the block."

Interactions such as these are part of what sets the ISB apart. The ISB philosophy is to provide global management learning, with a difference. The focus is on providing students with a holistic learning experience. The theoretical concepts and frameworks taught in the classroom are supplemented with different perspectives from the real world. Mr Premji was at the ISB as part of the School's Speaker Series, which invites successful industry practitioners to talk to students to enrich their learning experience.

About the ISB

The Indian School of Business is a research-oriented independent management institution that grooms future leaders for India and the world. Its partnership with the Kellogg School of Management, The Wharton School, and London Business School make it one of its kind in Asia. The School offers a one-year Post Graduate Programme; short-duration, high-powered Executive Education programmes for CEOs and senior executives; and a two-year Research Fellowship Programme. The origins and distinctive research of our faculty members ensure that our programme content is contemporary and global in its perspective, and develops our students understanding of modern management opportunities and challenges.


Contributed by -
Ms. Bhuvana Ramalingam,
Director - Communications,
Indian School of Business, Hyderabad.