Editor's Letter: Why Respect Matters
“Performance leads to recognition, recognition leads to respect, and, respect leads to power.” – N.R. Narayana Murthy
Dear reader, In an interview with BW Businessworld recently, Infosys founder N.R. Narayana Murthy said that “respect from stakeholders must top corporates’ vision statement”. He has often said that when he wanted to build Infosys, he was not looking at creating the “most profitable company”, or the “largest company by market cap”. Instead, he wanted to create “the most respected company”. Indeed, “respect” even if it’s an intangible, does wonders to a company’s topline and bottomline in the long run. When it gets all stakeholders’ respect, it sets an example for others, too.
Like every year, BW Businessworld, in its current issue, presents India’s Most Respected Companies.
The 2023 edition of Most Respected Companies (MRC) study is perception-based, and it examines corporate social responsibility, women-friendly policies, a rewarding work culture, in addition to an effective growth plan and financial returns. This year’s survey was conducted by our knowledge partner, TechSci Research. The study mapped the current perception levels in the minds of employees and self-employed individuals in India.
While this is one of the most awaited annual issues by corporates, we also carry other interesting packages and stories in our current issue.
The banking crisis in the West has had an effect in India. We carry insightful columns on the lessons from the banking crisis of the West.
No matter how the West is dealing with its economic crises, India is hailed as a bright economic spot in the world. It’s also said that India is witnessing an “infrastructure-led growth and expansion”. In an interview with BW Businessworld, Union Finance Secretary T.V. Somanathan explains how India’s infra-led growth is different from China’s infra-led growth, a decade or two ago.
This issue of BW Businessworld also carries an interview with Happy Money author Ken Honda. I enjoyed interviewing him recently. Honda has a very interesting concept of “happy money” in contrast with “sad / unhealthy money”.
His book has sold some 9 million copies. During his recent visit to India, he told me that he wishes to write a book called Happy India – so impressed he is by India’s kindness and generosity! I am sure you will enjoy reading his interview. This issue of BW Businessworld has all other regular columns and offerings. Do send in your feedback.
Happy reading!
