Infosys Wins Prestigious Annual Corporate University Xchange Excellence Award for 'Aligning Corporate Learning to Business Strategies'.Business Editors/High-Tech Writers
FREMONT, Calif.--(BUSINESS WIRE)--June 7, 2002
First Asian Company to Win Award Since Inception
Infosys Technologies Ltd. (Nasdaq:INFY INFY Infosys Technologies Ltd (stock symbol) ) today announced that it has received the prestigious Corporate University Xchange Excellence Award for 2002, for 'Aligning Corporate Learning to Business Strategies.' The award recognizes organizations that have demonstrated innovation and excellence in corporate education and training. Infosys is the first organization founded in Asia to win this celebrated award.
The Awards are presented in five categories: Alignment -- aligning corporate learning to business strategies; Alliances -- developing strategic learning alliances with external providers; E-learning -- creating a learning environment through technology; Marketing -- developing and implementing innovative marketing and branding techniques; and Measurement -- measuring the value of an organization's investment in learning.
At the cornerstone of Infosys' Corporate Learning initiative is the Infosys Leadership Institute located in Mysore. The Leadership Institute was established to help manage Infosys' growth, prepare Infosys employees ("Infoscions") to face the complexities of the rapidly changing marketplace and bring about a paradigm shift A dramatic change in methodology or practice. It often refers to a major change in thinking and planning, which ultimately changes the way projects are implemented. For example, accessing applications and data from the Web instead of from local servers is a paradigm shift. See paradigm. in the work culture by instilling leadership qualities. Other components of the Corporate Learning initiative are the Education & Research and Learning & Development departments, which, along with the Leadership Institute, enable the present and future leaders Future Leaders is a UK schools-led charitable organisation that aims to widen the pool of talented leaders especially for urban challenging secondary schools. It was founded in March 2006 by Nat Wei, a former founder of Teach First. of Infosys to achieve the company's vision and strategy.
This year's awards will be presented in Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. at the Training Directors' Forum, in a ceremony hosted by Corporate University Xchange and sponsored by Sun Microsystems Sun Microsystems, Inc. (NASDAQ: JAVA) is an American vendor of computers, computer components, computer software, and information-technology services, founded on 24 February 1982. . Other winners this year include American Family Insurance American Family Insurance Group (aka "AmFam") is a private mutual company which focuses on property, casualty and auto insurance, but also offers commercial insurance, life, health, and homeowners coverage, as well as investment and retirement-planning products. in the Alliances category, Booz Allen Hamilton Booz Allen Hamilton, Inc., referred to as Booz Allen is one of the oldest strategy consulting firms in the world. The firm formerly had two consulting divisions: WCB (Worldwide Commercial Business, also known as “The Commercial Side”) and WTB in the E-learning category, Barclays in the Marketing category and Accenture in the Measurement category.
Dr. G. K. Jayaram, head of the Infosys Leadership Institute, who will accept the award on behalf of Infosys, said, "At Infosys, people are truly its greatest assets. Winning this award is a testimony to our continuous commitment to develop the full potential of our people. We have attempted step-by-step, brick by brick, to train, develop and evoke in our people their natural talents in technology, soft skills and leadership capabilities. This award represents a milestone, a watershed in our pursuit of learning for our people as a business strategy."
Commending Infosys on its achievement, Dr. Rosalie Lober, senior director of organizational learning Organizational learning is an area of knowledge within organizational theory that studies models and theories about the way an organization learns and adapts.
In Organizational development (OD), learning is a characteristic of an adaptive organization, i.e. at Corporate University Xchange, said, "Infosys exemplifies best practices in corporate learning, incorporating the organization's strategic goals into the learning infrastructure, and creating a learning environment that is aligned to and improves business performance. Infosys Corporate Learning leverages talent and leadership, maximizing through learning, value to their stakeholders Stakeholders
All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. -- customers, community, board of directors and employees."
About Infosys Technologies Ltd. (Nasdaq:INFY)
Infosys, a world leader in consulting and information technology services, partners with Global 2000 companies to provide business consulting, systems integration, application development and product engineering services. Through these services, Infosys enables its clients to fully exploit technology for business transformation. Clients leverage Infosys' Global Delivery Model to achieve higher quality, rapid time-to-market and cost-effective solutions. Infosys has approximately 10,000 employees in over 30 offices worldwide. For more information, visit www.infosys.com.
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Certain statements in this release concerning our future growth prospects are forward-looking statements which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to relating to relate prep → concernant
relating to relate prep → bezüglich +gen, mit Bezug auf +acc these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration immigration, entrance of a person (an alien) into a new country for the purpose of establishing permanent residence. Motives for immigration, like those for migration generally, are often economic, although religious or political factors may be very important. , our ability to manage our international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. , reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2002. This filing is available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. The company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company.