Infosys blends the science of software with the art of consulting: HBR
Infosys demonstrates how tomorrow's global enterprise needs to innovate its business model to remain relevant and achieve sustainable growth. In the January-February 2011 edition of the Harvard Business Review, Vijay Govindarajan and Chris Trimble illustrate how Infosys embarked on a journey to build the "foundation for any business institution that aspires to endure for generations."
In the article, the management gurus of Tuck School of Business, Dartmouth, distill lessons from the growth and success of Infosys. They discuss how Infosys checks all the boxes for business model innovation:
Manage the present
Infosys pioneered the Global Delivery Model, which enables software development at locations that offer the best combination of skills, quality and cost. The model blends process rigor and execution excellence to serve global customers. In 2004, Infosys challenged the status quo by providing consulting services to redesign operations and configure IT systems of customers, and transformed into an end-to-end IT services company.
Selectively forget the past
Infosys taps into a global talent pool to accelerate innovation by infusing new ideas and lateral thinking. As part of the 'Voice of Youth' program, high performers attend management council meetings to discuss and critique any aspect of business. Every strategy session complies with the '30/30' principle - 30% of participants should be younger than 30 years. This inclusivity approach has helped launch 10 R&D projects, ranging from healthcare to sustainability solutions.
Create the future
Infosys continues the journey of reinvention to ensure that offerings resonate with the needs of global customers. The company offers engagement models based on outcomes, transactions and functions. Infosys has always focused on realizing the long-term potential by making significant investments in hiring and grooming talent, R&D and technology across business cycles.
Published with permission of the Harvard Business Review
Read Boston Consulting Group reports citing Infosys' strategies
Threading the Needle: Value Creation in a Low-growth Economy
From Crisis to Opportunity: How Global Challenger Companies are Seeking Industry Leadership in the Post-crisis World
Aligning Talent for Global Advantage: How Top Companies Develop the Right Talent in the Right Places