1 post tagged “satyam bad policy”

Every person should know his position, like a planets every person has position and path and if he leaves his position or path there will be a chaos.

Something similar here is with Chairman B. Ramalinga Raju who makes a scandalous exit under the shade of major ever corporate fraud. As concern with the CEO Executive Discipline, one should have to be excellent in durable pursuit of balanced strategy and execution if he fail to solve the problem then you are letting your business to fire – fighting future, same can be consider in parallel with Raju Policy. He martyrdoms 53000 fates, threaten the image of Indian software industries.

 

We are all aware that “In Business, if there is one bad deal than entire game is over as well crack in goodwill”. Aftermath of Satyam the key point is how to maintain clients as they are must, how to handle employee as they are base of firm side by side how to manage capital. As with clients in such situation they always search alternatives for continuation of business and competitors always woo to takeover clients.

In 2006 Satyam signed seven year contract with Qantas (Australia’s leading airline). The agreement covers application development and maintenance services for over 150 applications across a wide portfolio of technologies. But after the revelation of scandal Qantas is searching alternative.

 

 “In the event that Satyam is unable to continue services, Qantas has the ability to activate alternative internal and external arrangement to enable the continuation of seamless services,” the spokesperson said.

 

Some big steps are needed to tackle Satyam Crisis. In Oct 29, 2007 Satyam Signs SAP Support Deal with Ciba Specialty Chemicals so to overcome the contemporary situation Mr. Deepak Parekh, member of the newly constituted board of Satyam had said on Monday that the company would ask its main clients to make advance payments in order help tide over the liquidity crunch at the Hyderabad based company.

 

The best direction is to put collective efforts; with the support of IT Partners, Investor and employees so that constructive role can be attempt for the unstable environment of Satyam. In the process there will be a need of Capital, Labor and an Ideal person who can inspires confidence and boost the employees so that they may got down to business as usual if there is a quick signal of assurance. There is a global slowdown in market and on one is in haste to jump jobs.

 

References

 

http://www.indiaprwire .com/pressrelease/information-technology/20061109993.htm

http://www.prlog.org/10035881-satyam-signs-sap-support-deal-with-ciba-specialty-chemicals.html

http://www.thehindubusinessline .com/2009/01/14/stories/2009011451900300.htm

About the Author: Wb Guy is a writer for Outsource Data entry  Edataindia offers services for Data Entry, Outsource Data Entry Services, Catalog Processing, Image Processing, OCR Scanning and Accounting Services. Wbguy works for Edataindia as Manager (Marketing Department) of Delhi-based Company known for EdataIndia provides high quality, time-bound and cost-effective Data Entry India