Skip to main content
  • 1226 Accesses

Abstract

Vineet Nayar (2010) was convinced that HCL Technologies, an information technology (IT) services provider based in Delhi, had to change if it was to meet the demands of customers for long-term partners, not just to hire discrete IT services. HCL did change. From 2005 to 2009, and despite the financial crisis of 2008, it nearly tripled its annual revenue, doubled its market capitalization, and was acclaimed as a best employer in India. Perhaps most significantly, it had developed an Employees First, Customers Second (EFCS) culture.

I am of the opinion that my life belongs to the whole community, and as long as I live, it is my privilege to do for it whatever I can.

George Bernard Shaw

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Subscribe and save

Springer+ Basic
$34.99 /Month
  • Get 10 units per month
  • Download Article/Chapter or eBook
  • 1 Unit = 1 Article or 1 Chapter
  • Cancel anytime
Subscribe now

Buy Now

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 39.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Hardcover Book
USD 54.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Similar content being viewed by others

Author information

Authors and Affiliations

Authors

Copyright information

© 2015 Dean Tjosvold and Mary Tjosvold

About this chapter

Cite this chapter

Tjosvold, D., Tjosvold, M. (2015). Teambuilding is Necessary. In: Building the Team Organization. Palgrave Macmillan, London. https://doi.org/10.1057/9781137479938_1

Download citation

Publish with us

Policies and ethics