I Found Another Gem
Whoo hoo! I’ve stumbled upon another rare gem in a massive pile of ugly rocks. As the graphic below shows, I’ve added HCL Technologies to my list of favorite companies. Led by their visionary CEO, Vineet Nayar, HCL is one of the few models for successful companies of the future. Since the vast majority of corpo Executive Teams are stuck in the mechanistic Sloan/Taylor mindset of the 1900s with no intention of changing the way they manage, err, impose control, it’s always refreshing and exciting to discover a new game changer.
So, how do I decide whether a company is a cut above the rest? Via subjective evaluation of external observations, of course. Financial performance, which is of course important, is of secondary concern. Here’s my unscientific list of “research” methods:
* Read third party accounts of experience given by former and current non-management employees.
* Read, listen, and watch interviews with CEOs and executives.
* Scour publicly available mission statements, visions, core values and cultural descriptions for authenticity, lack of corpo jargon, and attention to detail.
* Stay away from glossy annual reports – which are all clones of each other.
* Ignore whatever the hand picked company spokesperson(s) say – propaganda city.
Of course, my methods aren’t perfect, but do you know of any better ones?
Related Articles
- Why HCL Technologies puts employees ahead of customers (tech.fortune.cnn.com)
- HCL Technologies Annual Revenues up 24.1 % YoY; Quarterly Revenues up by 21.5% YoY and 7.7% Sequentially; Europe Annual Revenues up by 20.6% YoY in FY10 (prnewswire.com)
- Management Innovation: Extreme Management Makeover (petervan.wordpress.com)
- Indian outsourcer HCL Technologies quarterly profit up 6.9 percent to $74M on strong demand (taragana.com)


BD: I’ve stumbled upon another rare gem in a massive pile of ugly rocks.
You certainly could run into some B.S. from disgruntled ex-(or current)-employees with this method…
Of course I can. No method is perfect, right? That’s why I listed 5 of them.