TCS CEO, N. Chandrasekaran attributes this meteoric rise to his team's "agility to respond to these opportunities across markets and more importantly, execute flawlessly". With the increased demand for IT outsourcing, these companies are hiring in large quantities, which increases the job supply and backs what we discussed early in class: that jobs related to IT have some of the highest rates of increase in any market.
One of the reasons TCS is growing to quickly is their innovativeness. In the past quarter, they have applied for 380 patents, and been granted 64 of them. This just goes to show that their intensive innovativeness is one of their strongest assets and will carry them far in combination with their very agile team of IT specialists.
This shows some of the positives of outsourcing. Next week I will to discuss some of the negatives.
http://it.tmcnet.com/topics/it/articles/110740-it-outsourcing-company-posts-unprecedented-revenue-growth.htm
One of the reasons TCS is growing to quickly is their innovativeness. In the past quarter, they have applied for 380 patents, and been granted 64 of them. This just goes to show that their intensive innovativeness is one of their strongest assets and will carry them far in combination with their very agile team of IT specialists.
This shows some of the positives of outsourcing. Next week I will to discuss some of the negatives.
http://it.tmcnet.com/topics/it/articles/110740-it-outsourcing-company-posts-unprecedented-revenue-growth.htm
Alicia, I like your post and I think when coupled with mine shows true growth in the IT industry for India. Only by being innovative and competitive can they continue this trend. Evidence of this is in the 64 Patents TCS secured. These were likely tied to technological advances related to IT outsourcing companies. I would be most interested to find out just what they were. Nevertheless, I think this company has hit upon some good ideas and given the success they've had should continue the way they are. My comment on all of these growth is how it is using the digital economy they operate in to make the world a flatter place. I think we will continue to see more call centers outsourced to India to utilize the cost savings. we can only wait and see just how long growth like this will go on for but if i were a betting man my money would be in helping finance these companies as they grow.
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