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	<title>EGYII : blog &#187; Risk-taking</title>
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		<title>Accept Uncertainty and Beat the Competition</title>
		<link>http://www.egyii.com/blog/2009/01/14/accept-uncertainty-and-beat-the-competition/</link>
		<comments>http://www.egyii.com/blog/2009/01/14/accept-uncertainty-and-beat-the-competition/#comments</comments>
		<pubDate>Wed, 14 Jan 2009 06:25:51 +0000</pubDate>
		<dc:creator>jfirvine</dc:creator>
				<category><![CDATA[Current Events]]></category>
		<category><![CDATA[B. Ramalinga Raju]]></category>
		<category><![CDATA[Banking]]></category>
		<category><![CDATA[Leadership]]></category>
		<category><![CDATA[Risk-taking]]></category>
		<category><![CDATA[Strategy]]></category>
		<category><![CDATA[Training]]></category>

		<guid isPermaLink="false">http://www.egyii.com/blog/?p=164</guid>
		<description><![CDATA[You are probably aware of the story of the fraud committed by B. Ramalinga Raju, owner of Satyam Computer Services in India. He falsified accounts to make it appear that his company&#8217;s performance was actually much stronger than it really was. In this he was definitely a risk-taker, and this aspect of his personality may [...]]]></description>
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<p>You are probably aware of the story of the fraud committed by B. Ramalinga Raju, owner of Satyam Computer Services in India. He falsified accounts to make it appear that his company&#8217;s performance was actually much stronger than it really was. In this he was definitely a risk-taker, and this aspect of his personality may have been his downfall.</p>
<p>Yet the story of how he got his first business break, also through taking a risk, has some useful lessons for all of us. I quote Monday&#8217;s <em>Herald Tribune</em>:</p>
<p>&#8220;The founder of Satyam Computer Services, B. Ramalinga Raju, made a risky proposition to win his first big client, the tractor maker John Deere: If you don&#8217;t like our service, you don&#8217;t pay.</p>
<p>With that pitch, which is now the stuff of legend in India, he persuaded John Deere in 1991 to allow his computer programmers to work just across the street from the client&#8217;s U.S. headquarters, in a house Raju dubbed &#8216;Little India.&#8217; Working only overnight shifts, with no physical contact with John Deere&#8217;s executives, the programmers got the job done &#8211; proving Raju&#8217;s theory that they could work just as well from India, and helping give birth to the country&#8217;s outsourcing industry.&#8221;</p>
<p>Imagine what it must have felt like setting up an office in a foreign country and working without any assurance that a result will come from it. The truth is, doing this without any guarantee most likely made the prospect of success even more assured.</p>
<p>This is the power of <strong>uncertainty</strong>. Let go of your tight grip on the future. Make a decision with no guarantee of the outcome and then take action and enter pure space. Accept. And pay attention to each moment, letting them flow through you. When you are comfortable with uncertainty, great courage and power will come to you.</p>
<p>So if you are a banker or another leader caught in the vicious cycle of thinking that goes &#8220;What specific results and I going to get if I take this action?&#8221; then my answer to you is, &#8220;I don&#8217;t know. But whatever it is, your chance of pulling yourself out of the situation you are in is better if you think carefully about your plan and then just take action with no guarantees, than if you sit tight on your hands and wait for the government, your clients, or your grandmother to do something to change your circumstances.&#8221;</p>
<p>My advice to you is &#8220;Don&#8217;t wait!&#8221; Take 100% responsibility for winning the game at this turbulent time, make a decision and enter the void. Now.&#8221;</p>
<p>James Irvine, Team Egyii, Singapore</p>
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