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Beyond Product and Business: Thinking Industry Lifecycles

When should businesses invest more? Professor Rajiv Banker argues that industries like oil and gas, petrochemicals, shipping, airlines and hotels, companies need to think beyond the notions of business cycles or product lifecycles to the concept of the 'industry lifecycle' in order to optimize their growth trajectories. Professor Rajiv D Banker is Merves Chair and Director of the Centre for Accounting …

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The Side Effects of Drug Price Controls

Based on the research of Chirantan Chatterjee, Ajay Bhaskarabhatla, Enrico Pennings and Anurag Priyatam. The 2013 Drug Price Control Order capped prices of over 300 drugs in the Indian market. Using an experimental design to assess the consequences of this price control on the anti-diabetic drug Metformin, Professor Chirantan Chatterjee and his co-authors show the unintended consequences of such price regulation. Price controls …

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Focus on competence, not dynastic succession

There are family firms that are owned and managed by family members and have survived many generations, like the 120-year-old, $4.1 billion in revenues, Godrej Group. There are family firms that did not survive transition of leadership to the second generation of family members like in the case of United Spirits. Vijay Mallya destroyed the socio, emotional and economic wealth …

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Public Bargaining?

Based on the research of Deepal Basak and Joyee Deb How do parties bargain when their negotiations take place in the glare of public spotlight? Professor Deepal Basak and his colleague bring new insights from game theory to show what happens when negotiators gamble with public opinion, but in the public domain, not in private backrooms. April 2011 at Delhi’s iconic Jantar Mantar provided …

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Does deregulation lead to banking sector instability?

After the financial crisis of 2008, governments worldwide are re-assessing their approach to bank regulation. Professors Subramanian and Vaidya Nathan examine how dismantling of regulations affects banking sector stability. Deregulation of entry in a bubble can lead to banking sector instability, but when accompanied by better screening for lending and general financial health of firms, it may also lead to …

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Split-award auctions

Splitting up a contract award across multiple vendors (sources) offers the benefits of diversification. Professor Aadhaar Chaturvedi explains his recent theoretical and experimental work, which shows that under the right conditions, such multi-sourcing through an auction may also help reduce expected costs. Aadhaar Chaturvedi Visiting Professor, ISB and Assistant Professor at the Department of Business Administration at the University of Namur.

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How to Foster Innovation in Government Management Systems

Arguably, innovation is a key determinant of the competitive advantage of nations. Little wonder therefore that governments around the world want to be seen promoting innovation. However, based on my experience, government efforts in this area can be divided into two broad categories: Most of the governmental resources (money and time) are used for promoting innovation by non-government actors, and …

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Meaning of ‘Performance’ in Government Performance Management

While government performance management is in vogue, there seems to be no consensus on the meaning of the term ‘performance.’ In the name of measuring ‘performance’ of a government agency, there has been a proliferation of approaches, methods and methodologies. However, no one measurement approach is per se better than others. The right question to ask is whether the measurement …

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