Narayana Murthy's 5 tips for success

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There are five elements of success. They are:

• Openness to learn: Openness to subordinate your ego to take ideas from others.
• Second, meritocracy: The best ideas are adopted and implemented using data to arrive at the best decision.
• Third, speed: Assuring you do things faster compared to yesterday and last quarter.
• Fourth, imagination: You continually bring better ideas and better innovation to the table.
• And finally, excellence in execution: That is implementation of these great ideas with a higher level of excellence today than yesterday.

I tell my colleagues that there is no guarantee we will be in business five or 10 years from now. The only guarantee is the opportunity for us to use these five attributes.

If we embrace them, we'll be in play five and 10 years from now. But the day we forget these, we'll disappear like dew on a sunny morning.