Infosys Receives 2007 Balanced Scorecard Hall of Fame Award for Executing Strategy
Infosys first IT Consulting and Services company worldwide to receive this distinction
Bangalore, India - November 28, 2007 - Infosys Technologies Ltd. (NASDAQ: INFY) has entered the Balanced Scorecard Hall of Fame for Executing Strategy for achieving breakthrough performance results using the Balanced Scorecard (BSC). The award has been instituted by the Palladium Group, Inc., a leading global professional services firm that enables companies to better measure and manages performance using the Balanced Scorecard approach. Past winners of this award include UPS, Best Buy, Siemens, Motorola and AT&T Canada.
Commenting on this recognition, Sanjay Purohit, VP & Head - Corporate Planning & Business Assurance, Infosys, said, "Infosys has found entry into the BSC Hall of Fame on account of its innovative strategy planning and execution capabilities. We invest in a portfolio of organization-wide planning and execution processes and systems, which involves participation from a cross-section of our employees, including our under-30 budding young leaders. We believe our strategy roadmap and the BSC are key instruments that will help Infosys become a transformation partner to all our clients."
Infosys was lauded for its focus and success in driving the execution of key strategies resulting in growth and differentiation. The award was based on five key principles: (1) Mobilizing change through executive leadership; (2) Translating strategy into operational terms; (3) Aligning the organization around its strategy; (4) Motivating to make strategy everyone's job, and (5) Governing to make strategy a continual process.
Commenting on why Infosys was chosen for this recognition, Robert L. Howie, Jr., President- Balanced Scorecard Collaborative said, "Companies in the Asia Pacific, particularly India, are creating new benchmarks in becoming strategy-focused organizations. Infosys is a particular example of a company that has adopted the BSC for over six years and, on the strength of its strategy-focused approach, emerged as one of the leading names in the global IT industry."