TAILIEUCHUNG - Stay Hungry Stay Foolish_2

Tham khảo tài liệu 'stay hungry stay foolish_2', kỹ năng mềm, kỹ năng tư duy phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | 04_Software 7 1 8 3 58 PM Page 51 51 SOFTWARE COWBOYS We were the first IT company in the world to get People CMM or PCMM. So what I am saying is more importantly we had built an institution an organisation which has vision and values. The values were articulated way back in the 90s. Although the vision was a little fuzzy it all worked very fine. In time focus got clarified there was a sense of stability sense of financial discipline came and now there is financial muscle as well. But that has happened only in the last 8-9 years. Today if you look at Mastek 60 of its balance sheet is liquid ie cash. And it has not been raised through a public issue or ADR the company has not gone back to shareholders after 1994. All the money was self-generated. Another important area where Mastek scores is corporate governance. People do not question integrity character trust on the numbers that the company publishes. Investing time and effort in building investor relations is always a good idea. Of course at every level and every size requirements change and you do what you need to. Corporate governance was not important in 93-94. Because there was no competition for money our stock markets were not so mature our analyst community didn t know what it is. That was not the case by 99. So we had to meet the challenge. It is an ongoing journey and tomorrow may bring something new who knows As of 31st March 2008 Mastek is a 200 million company with a strength of 4 000. It celebrated 25 years in the software business with considerable fanfare last year. No doubt a great achievement but one cannot help comparing it with some other names in the software business Ashank admits the Infosys and Wipros of the world have scaled up much faster - but they followed a strategy of size while Mastek focussed on IT solutions . Y2K gave these companies a foot in the Ultimately when you are running a company you have a risk you have a responsibility to make it successful. So the .

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