Archive for the ‘leadership’ Category

Learning from N.R. Narayana Murthy

Wednesday, February 27th, 2008

N.R. Narayana Murthy (ಎನ್. ಆರ್. ನಾರಾಯಣಮೂರ್ತಿ) founded the Infosys about 20 ago with borrowed $250 from his wife. Now as long as you type the Infosys, you can find out what’s the market cap for this company. How can he turn a small company into a giant?

There are several reasons, but from a conversation with him, I learned that the role model is one of several important factors contributing his success. He admired two people in the world: one is Mohammad Ghandi, and the other is Lee Kuan Yew ( 李光耀). The common characteristics are the liberalization and economic reform carried by them to lead the two countries to the next level. They were the inspiring people to encourage Narayana to go as far as today.

From the conversation, he also mentioned that success is like going through the business cycle. The failure could strengthen your characters, making you stronger and leaner.

Also, social responsibility is also a concern to today’s world. He also mentioned that “goodwill to society is important. . . It also generate value to shareholders.”

These are some important issues interested me and I took some note on those.

Now it comes down to what I have learned form him, CEO, Chairman, engineer, etc.. A successful person can not be made in a day; the greatness stems from the hardwork, patience and resilient to failures.

To be continued…

A Big Deal . . . or . . . Really

Friday, February 8th, 2008

If there is a big buz word since the year 2007 , you have to dig a hole to find it out.

China is generate such an interest across disciplines. From academia to politicians, from Taiwan crisis to military spending, from Olympic to Human Rights, even the severe weather was published in the front page of some big-name newspapers. Here you will find something more fascinating. When you put “China” in a Google Search engine, it turned out more than one billion hit. ( “Results 110 of about 1,190,000,000 for china [definition]. (0.04 seconds) ” http://www.google.com/search?hl=en&q=china&btnG=Search, 2-8-08) While you put “Sex” in a Google Search engine, it turned out less than a billion. ( “Results 110 of about 943,000,000 for sex [definition]. (0.05 seconds”, http://www.google.com/search?hl=en&q=sex&btnG=Google+Search, 2-8-08)

What does this phenomena mean to the rest of the world? or simply mean for the Google robot? From this statistical analysis, we are focusing more on China than Sex. China is generating such a big buzz on its emerging power , especially its economic power. China’s GDP has time-and-time again shown the rest of the world its global impact which perhaps is leading this surge interest in China by the multidisciplinary. Wall Street is chasing the money in China, White House is debriefing the potential conflict with China, NGOs are doing more ground work in China, Human Rights Group are more critical of China, and higher educations are accepting more students from China . . . . It can go on and on and on. Now the issue is if the Chinese growth model is sustainable. Through the history, there is some balance between economic growth and the associated protection needed to be implemented, such as enforcement of law and protection of citizen’s rights. From grade school, we have learned that the triangular is the most stable, basic structure. For a stability of a nation, like China, it also need this magic triangle to protect from deterioration and destruction. Economic growth or economic policy is only one factor of this stable triangular. It also needs the enforcement of the law and the protection of citizen’s rights.

The Enforcement of law need means the nation needs to utilize the resources efficiently to enforce the law based upon the law without interference of outsiders. The Protection of citizen’s rights means the nation needs respect and protect the basic human rights, which has been in almost every nation’s constitutional law around the globe. The enforcement of the law and the protection of citizen’s rights are correlated, and with the economic growth it can keep the current stability. Otherwise, everything is going to change in a broad time frame. Look at the cyclic Stock Market, the global temperature, or even heart beat, everything is changing in a way which has to been a systematic way from the past. We can predict accurately, or at all, the future; however, we can at least learn some lessons from the past by analyzing the history. It is a double edged sword, it can cut both ways, but which way is the right way, we have to examine certain factors, such as . . . .

…To Be Continued…

Now what, China — the China?

Tuesday, November 6th, 2007

Now what, China — the China?

Everything is going unconventionally. In Old Age people were burned by saying the earth is round. However, today Thomas Friedman is popular by publishing the World Is Flat. In the old days China is known as a Forbidden City, but now the China has become an world economic center.

If you haven’t heard of the latest news, you might continue reading this article. Now PetroChina, just go through Initial Public Offering in the Shanghai Stock Exchange, becomes the largest oil and gas company in the world with twice as much the capital as Exxon Mobile (the number two by then). Now let us run some Number One’s.

PetroChina is the largest Oil and Gas company by capital in the world.

China Life Insurance is the largest Insurance Company by capital in the world.

Industrial & Commercial Bank of China is the largest Bank by capital in the world.

China Mobile has the largest subscriber in the world.

Well, what’s it all about? Why the newly listed public-traded Chinese companies are so attractive? Is it babble behind all those Number One’s? There are many theories behind it, mostly from the economic perspectives, such as emerging market, state-planning policy, and infantry of the stock market. However, there is a new cultural facet as well. Being the number one or break the record is the dream and the pride of all Chinese people. Three-Gorge Dam …Damn to be the largest. The National
Beijing Theater gonna be the largest. The stock market gonna be the largest. . . . Well it is good when we run the figures while listening to the buzz — the largest. It is good because it show the attraction to the foreign investment; it is good because it will drive local and global economic growth; it is good because it will bring welfare to local and global citizens. People will keep pouring more money into the Stock Market nowadays with pride and enjoyment.

At the moment, it is a great scene and hopefully it will be happy ever after. The Chinese economy is still young, the intact market is still large, and the growth is still prominent. Now what? What will be the next thing after those glamorous achievement, which can be marked on the tomb stone of current leaders, as Thomas Jefferson put only three of his greatest achievements as his epitaph.

What really need to do is to cement the babble and transform the babble into the solid material; in other words, it might not be babble only if the China does something about it. Perhaps it is a dream, perhaps it is crazy, and yet it makes sense if you know the PetroChina, ICBC, and etc., from unknown to the largest industrial leader in the world. All of it happened over night of the Initial Public Offering. Nothing else can’t it have done? There might be one, which has been neglected by almost all the people in the whole country, politics.

In order to consolidate the growth of this unthinkable achievement, which is a huge babble from everyone’s eyes, the China needs to bring more political legitimacy (no matter what flavor, western democracy or Chinese Rules with special characteristics, or blend) to its citizens; to enforce the election law to elect, not appoint, real representatives to their constituencies; and to give more power to the people, but rather the public servants. Only if the China provides more protections and benefits for the people, especially ordinary people, to secure the colossal progress of its economic power, which is also determined by economic principles (either Marx to Smith or Ricardo. . .) China is on the edge of the cliff. It is dangerous but curable. If the China can build a 3-Gorge Dam across the Yangzi River, it can also build a freeway to transform the cliff. It is called being safe after being in danger.

That is so what? And that is so, the China.

To be continued.

Learn English…Opps!…Chinese in Goldman Sachs

Friday, July 27th, 2007

The rest of the world is learning English for a buzz, but Goldman took different approaches. It needs its chief to learn Chinese instead.

“Goldman Sachs Group could not promote its co-head of investment banking in Asia to the post of chief executive of its Beijing joint venture because his knowledge of the Chinese language was too weak, three bankers at the firm have said.” from International Herald Tribune (July 13, 2007).

It is a trend of learning Chinese as important as learning English due to the economy booming, tourists surging, and culture exchanging. Chinese or China is such a buzz word in almost anywhere — from the major newspapers to most influential TVs, from economic forums to law seminars, and from leading universities to shadow streets. GS takes advantages of the golden opportunities to launch Chinese business by appointing executives with Chinese expertise.

The lesson for today is to learn the Chinese before or during your tenure at money-generating firms, such as Investment Bank Goldman Sachs. Chinese learning is also an investment for your financial future, the same as learning English.

Seeking help from Books

Saturday, July 21st, 2007

There is a fascinating article in Today’s New York Times with the title C.E.O. Libraries Reveal Keys to Success.

Actually great people always have something in common.

Venture Capitalist Michael Morit has his private library; NIKE founder Phil Knight got his library just back in his office. . . .

There are also other numerous leaders seeking help from libraries, books exactly. Books ignite ideas ignored by average people; words generate creativity out of touch; libraries provide world leaders with answers neglected by the world. The examples of such are countless: Winston Churchill “locked” him in his personal library to read before his return to power; Karl Marx “dived into” British library before he finished his Le Capital. Benjamin Franklin fled Boston to be an apprentice printer in Philadelphia, leading him to be one of the Founding Fathers of the US. Mao Zedong who took advantage of Beking University Library when he worked there before he took over China from Chiang Kai-shek. …

It can go on and on and on. Thus the take-aways is to make reading a low-hanging fruit to the extent in which you will be amazed now and be great in the future.

Law school’s future.

Thursday, May 3rd, 2007

quotations

“XI. Tomorrow: The Familiar and the Necessary,” Arthur E. Sutherland, The Law at Harvard, (Cambridge, 1967).
p364. Our duty is to teach men to education themselves in a corpus of professional learning not yet in existence.

P 367 Somehow we must develop men who can train themselves in all the now unforeseen aspects of his governmental movement as it develops during the coming tow and more generations.

P 368 Man is a creature of habit and tends to like what he has.

p369 Our universe is changing. We had better accept it changes and all.

Who needs legal education

Wednesday, May 2nd, 2007

Daniel R. Coquillette, Justinian in Braintree: John Adams, Civilian Learning, and Legal Elitism, 1758-1775, Law in Colonial Massachusetts 1630-1800 (eds. Daniel R. Coquillette, Robert J. Brink & Catherine S. Menand) (Boston, 1984), 359-82.

“The best source of intellectual and social excitement was the occasional visits of the circuit judges to the local courthouse. “

“Life with Putnam was not all roses. Adams would later lament that ‘now I feel the Disadvantages of Putnams Insociability, and neglect of me. Had he given me now and then a few Hints concerning practice, I should be able to judge better at this Hour than I can now.'”

“Adams particularly recalled being asked if he had read Grotius and Pufendorf, whom Gridley described as ‘great writers.’ Adams had to make lame excuses. “I cannot say I have Sir. Mr. Putnam read them, when I was with him, and as his Book Lay on the Desk in the office for the most part when he had it not in his hand, I had generally followed him in a cursory manner, so that I had some very imperfect Idea of Content….’ ‘[b]ut,’ Adams hastily added, it was his “intention to read them both as soon as possible.”

p366.

As a result of his efforts Adams was routinely sworn in at the Suffolk bar on 6 November 1758. He had no formal legal education and only a two years’ apprenticeship in the countryside. But he could talk about Cicero. As Gridley put it to the Court, on moving Adams’ application, “I take it he is qualified to study the law by his scholarship….”

p369

(((From Adam’s Diary))) …’it is my Destiny to dig Treasures with my own fingers. No Body will lend me or sell me a Pick axe.’ And, to an astonishing degree, Adams really was self-taught.

“During the earlier period Adams was technically a student and apprentice, but Putnam was an indifferent teacher. During the later period Adams was technically a full-fledged practitioner, but, in fact, business was slow starting. Under the informal tutelage of Jeremiah Gridley, a great teacher, Adam filled the empty hours between clients with an extensive course of study.

{{{Adams’ reading list}}}”Adams’ Braintree reading under Gridley’s influence. In Adams’ words:’ I have read no no small Number of Volumes, upon the Law, the last 2 years [1758-1760]. Justinians Institutes I have read, thro, in Latin with Vinnius’s perpetual Notes, Van Muydens Tractatio institutionum Justiniani, I read thro, and translated, mostly into English, from the same Language. Woods Institute of the Civil Law, I read thro. These on the civil Law; on the Law of England I read Cowells Institute of the Laws of England, in Imitation of Justinian, Dr. and student, Finch’s Discourse of Law, Hales History, and some Reporters, Cases in Chancery, Andrews Etc. besides occasional searches for Business. Also a general Treatise of naval Trade and commerce, as founded on the Laws and Statutes.”

“But did Adams really absorb this learning? By his own account, “All this series of Reading, has left but faint Impressions, and [a] very imperfect system of Law in my Head.”

“… indeed I never read any Part of the best authors, Pufendorf and Grotius.”

p372

“… this institute is a curious monument of Priestly ambition, avarice and sublety. it is a system of sacerdotal Guile.”

p373

“Adams’ Daiary itself contained crabbed passages that were evidence of painful agony over Wood’s New Institutes of the Imperial or Civil Law and Van Muyden’s Tractatio.

“…’At this time October 1758 the Study of the Law was a dreary Ramble, in comparison of what it is at this day [1802]. The Name of Blackstone had not been heard, whose Commentaries together with Sullivans Lectures and Reeves’s History of the Law have smoothed the path of the Student, while the long Career of Lord Mansfield, his many investigations and Decisions … have greatly facilitated the Acquisition of it.”

p380

” … Adams missed the next Sodalitas meeting at Joseph Dudley’s on 31 January 1765, but the following meeting, on 21 February 1765, was his trun to be host. he entertained the Club “at Blodgets”:…

This was an important meeting in the development of Adams’ political thought and jurisprudence. The topic of conversation was the feudal system and Adams had brought up Rosseau’s hostility to feudal institutions.

“Gridley: … it should also be a Part of our plan, to improve ourselves in Writing, by reading carefully the best English Writers, and by using ourselves to writing — for it should be a part of our Plan to publish Pieces, now and then. Let us form our style upon the Ancients, and the best English Authors.

“Adam concluded:’I hope and expect to see, at the Bar, in Consequence of this Sodality, a Purity, an Elegance, and a Spirit, surpassing any Thing that ever appeared in America. Fitch said that he would not say he had Abilities, but he would say he had ambition enough to hope for the same thing.”

consulting

Sunday, April 15th, 2007

The following key words are from conversations and talks from someone sometime somewhere.

.. years… before ‘globalization’ became a buzzword …  …

Our … is among the strongest … Yet from the very inception of …, we anticipated the … spreading out roots internationally … Our … is on the cusp of its … anniversary, and a continent away, our …celebrated …of business.

we are …excellence, … same is true… … successfully combined …with a nuanced understanding of local culture.

collegiality across …… is the bedrock of …

… …established in … with the simultaneous opening of o……

… offers broad exposure to …… and ……flexibility.

…couple …unique freedom with a network of …

“We have no … because we want to …, rather than …. If you …from …, you can, and …do. But if …, there is no need …. We …, but …as wide as ….

… answer is as simple s it is unusual —…collegiality is …cornerstone of …culture …

……best work …results from talented …working …, sharing… knowledge, time …experience ….

Generations of … have proved that …foster excellence.

… work  involving multi-jurisdictional issues…