When people get rich, they cut themselves off from the context that has earned them these riches - the context of the common men. They forget they are part of society.
N. R. Narayana MurthyRead
When you are in business for a long time, you go through good times and bad times. When you go through bad times, you learn to control costs, satisfy customers better, satisfy employees better and become more transparent. Therefore, you build character in the company.
Interpretation
What this quote means
Long-term business experience teaches resilience and character through challenges.
This quote emphasizes the notion that enduring both positive and negative experiences in business shapes an organization’s character. By navigating difficult periods, a company learns to manage resources effectively, enhance customer satisfaction, improve employee relations, and maintain transparency, all of which contribute to its enduring strength and identity in the market.
Themes
BusinessResilienceCharacterExperienceTransparencyCustomersEmployees
In practice
Example use cases
During a business seminar on overcoming challenges, this quote can inspire attendees to embrace difficult times as opportunities for growth.
More from N. R. Narayana Murthy
All quotes →India is known for much development that has happened since our independence, but at the same time, we have also failed on many levels. It is the responsibility of the future generation to ensure that all these failures are corrected and help create a civilised society with equal opportunities for one and all.
N. R. Narayana MurthyRead
The unique instrument to eradicate poverty and usher in prosperity is our youth.
N. R. Narayana MurthyRead
The biggest impediment to growth is in our minds and not in the world outside, and only constant in the world is change.
N. R. Narayana MurthyRead
The future of any corporation is as good as the value system of the leaders and followers in the organization.
N. R. Narayana MurthyRead
If longevity is the best index to measure a company, a basic requirement is the ability of the corporation to generate new and new leaders.
N. R. Narayana MurthyRead
Similar quotes
A well-run restaurant is like a winning baseball team. It makes the most of every crew member's talent and takes advantage of every split-second opportunity to speed up service.
David OgilvyRead
Each individual should work for himself. People will not sacrifice themselves for the company. They come to work at the company to enjoy themselves.
Soichiro HondaRead
Large organizations don't worship shareholders or customers, they worship the past. If it were otherwise, it wouldn't take a crisis to set a company on a new path.
Gary HamelRead
At a big company, often size turns into constipation; it fogs the lens about what's really happening. Sometimes with size and success comes the notion that since we've done things to be successful, we have the formula and can institutionalize it. That can be death.
Mark ParkerRead
The companies that survive longest are the one's that work out what they uniquely can give to the world not just growth or money but their excellence, their respect for others, or their ability to make people happy. Some call those things a soul.
Charles HandyRead
If you own the problem, you own the customer. If you lose the problem, you lose the customer. It's that simple.
Jeffrey GitomerRead