This is one of the most inspiring speeches I ever heard. It is a wonderful amalgamation of all ingredients essential for a beautiful and successful life. Many will be aware of it, but this speech should be read by almost everybody. And so I am posting it here. Please put your thoughts too on this as Comments. Here we go:
IIT Convocation Address by Azim H Premji, Chairman, Wipro Technologies
I am privileged to be with you here today and to share this significant moment of your life.
The convocation marks the culmination of all the endless nights you worked through, all the anxieties you have gone through facing one examination after another and all the preparation you have put in, not only to enter this prestigious institution but also to graduate from it successfully. It is no mean achievement.Only a handful of the most talented people in the world have shared this success with you.Let me just say that I am very proud of each and every one of you. I am a little wary about giving you advice-because advice is one thing young people all over the world do not like receiving. I cannot fault you for that. The world does look very different when it is seen with your eyes. You are filled with enthusiasm and are straining at the leash to get on with life.And the world is very different from what it waswhen I was at your age. Never before has the role of technology been so pervasive and so central. The Internet has breached all physical borders and connected the world together like noother force has done before. For the first time, opportunities for creating wealth in India are at par with the best in world. There is no need for you to sacrifice the joy of remaining in your own country any more.
All opportunities are accompanied by their own challenges. I thought I would share with you a few of the lessons I have learnt in my own life, while loading the transformation at Wipro, from a small company three and a half decades back into a global corporation listed on the New York Stock Exchange. I hope you find them useful.
Lesson # 1: Dare to dream
When I entered Wipro at the age of 21, it was a sudden and unexpected event. I had no warning of what lay ahead of me and I was caught completely unprepared. All I had with me was a dream. A dream of building a great Organization. It compensated for my inexperience and I guess, also prevented me from being overwhelmed by the enormity of the task before me. What I am happy is that we never stopped dreaming. Even when we achieved a position of leadership in every business we operated in India. We now have a dream of becoming one of the top 10 global it service companies.
Many people wonder whether having unrealistic dreams is foolish. My reply to that is dreams by themselves can never be realistic or safe. If they were, they would not be dreams. I do agree that one must have strategies to execute dreams. And, of course, one must slog to transform dreams into reality. But dreams come first. What saddens me most is to see young, bright people getting completely disillusioned by a few initial setbacks and slowly turning cynical and some of them want to migrate to America in the hope this is the solution. It requires courage to keep dreaming. And that is when dreams are most needed- not when everything is going right, but when just about everything is going wrong.
Lesson # 2: Define what you stand for
While success is important, it can become enduring only if it is built on a strong foundation of Values. Define what you stand for as early as possible and do not compromise with it for any reason. Nobody can enjoy the fruits of success if you have to argue withyour own conscience. In Wipro, we defined our Beliefs long before it became a fashion to do so. It not only helped us in becoming more resilient to stand up to crises we faced along the way, but it also helped us in attracting the right kind of people. Eventually, we realized that our values made eminent business sense. Values help in clarifying what everyone should do or not do in any business situation. It saves enormous time and effort because each issue does not have to be individually debated at length.
But remember that values are meaningful only if you practice them. People may listen to what you say but they will believe what you do. Values are a matter of trust. They must be reflected in each one of your actions. Trust takes a long time to build but can be lost quickly by just one inconsistent act.
Lesson #3: Never lose your zest and curiosity
All the available knowledge in the world is accelerating at a phenomenal rate. The whole world’s codified knowledge base (all documented information in library books and electronic files) doubled every 30 years in the early 20th century. By the 1970s, the world’s knowledge base doubled every seven years. Information researchers predict that by the year 2010, the world’s codified knowledge will double every 11 hours. Remaining on top of what you need to know will become one of the greatest challenges for you.
The natural zest and curiosity for learning is one of the greatest drivers for keeping updated on knowledge. A child’s curiosity is insatiable because every new object is a thing of wonder and mystery. The same zest is needed to keep learning new things. I personally spend at least ten hours every week on reading. If I do not do that, I find myself quickly outdated.
Lesson # 4: Always strive for excellence
There is a tremendous difference between being good and being excellent in whatever you do. In the world of tomorrow, just being good is not good enough. One of the greatest advantages of globalization is that it has brought in completely different standards. Being the best in the country is not enough; one has to be the best in the world. Excellence is a moving target. One has to constantly raise the bar. In the knowledge-based industries, India has the unique advantage of being a quality leader. Just like Japan was able to win in the overseas market with its quality leadership in automobile manufacturing, India has been able to do the same in information technology. t Wipro, we treat quality as the #1 priority. This enabled us not only to become the world’s first SEI CMM Level 5 software services company in the world but also a leader in Six Sigma approach to quality in India.
Lesson # 5: Build self-confidence
Self-confidence comes from a positive attitude even in adverse situations. Self-confident people assume responsibility for their mistakes and share credit with their team members.
They are able to distinguish between what is in their control and what is not. They do not waste their energies on events that are outside their control and hence they can take setbacks in their stride. Remember, no one can make you feel inferior without your consent.
Lesson # 6: Learn to work in teams
The challenges ahead are so complex that no individual will be able to face them alone. While most of our education is focused in individual strength, teaming with others is equally important. You cannot fire a missile from a canoe. Unless you build a strong network of people with complimentary skills, you will be restricted by your own limitations.Globalization has brought in people of different origin, different upbringing and different cultures together. Ability to become an integral part of a cross-cultural team will be a must for your success.
Lesson # 7: Take care of yourself
The stress that a young person faces today while beginning his or her career is the same as the last generation faced at the time of retirement.I have myself found that my job has become enormously more complex over the last two or three years. Along with mutual alertness, physical fitness will also assume a great importance in your life.
You must develop your own mechanism for dealing with stress. I have found that a daily jog for me, goes a long way in releasing the pressure and building up energy. You will need lots of energy to deal with the challenges. Unless you take care of yourself there is no way you can take care of others.
Lesson # 8: Persevere
Finally, no matter what you decide to do in your life, you must persevere. Keep at it and you will succeed, no matter how hopeless it seems at times. In the last three and half decades, we have gone through many difficult times. But we have found that if we remain true to what we believe in, we can surmount every difficulty that comes in the way. Perseverance can make miracles happen.
Lesson # 9: Have a broader social vision
For decades we have been waiting for some one who will help us in ‘priming the pump’ of the economy.The government was the logical choice for doing it, but it was strapped for resources. Other countries were willing to give us loans and aids but there was a limit to this.
In the millennium of the mind, knowledge-based industries like Information Technology are in a unique position to earn wealth from outside. While earning is important, we must have mechanisms by which we use it for the larger good of our society.
Through the Azim Premji Foundation, we have targeted over the next 12 months to enroll over a million children, who are out of school due to economic or social reasons.I personally believe that the greatest gift one can give to others is the gift of education. We who have been so fortunate to receive this gift know how valuable it is.
Lesson # 10: Never let success go to your head
No matter what we achieve, it is important to remember that we owe this success to many factors and people outside us. This will not only help us in keeping our sense of modesty and humility intact but also help us to retain our sense of proportion and balance. The moment we allow success to build a feeling or arrogance, we become vulnerable to makin bad judgments.