Past Issues : Cover Stories

Professionalisation of Family Business: Managing Process and Governance Challenges

As businesses transition from being entrepreneurial to being professional, professionalization assumes great signifi cance. However, there are several challenges in terms of the processes and governance mechanisms. The success of professionalization greatly depends on the leader’s clarity of role and structure of the team to whom the business task is delegated and his/her terms of engagement with the team. The …

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Family Businesses: The Emerging Landscape 1990-2015

From the days of a few business houses controlling the economic and industrial activities of the country, we have come a long way. The liberalization of the economy in 1991 and the ensuing economic reforms saw the sprouting of several standalone family businesses. The Indian family businesses have adapted well to the changing business environment and continue to contribute to …

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Family Wealth Management – a European Perspective

The Swiss economy, very much like the Indian economy is shaped by companies, large MNCs and SMEs, which owe their existence, and often their present strength, to their founding families. Examples are the Rieter and Sulzer families, who laid the foundation for today's large companies by the same names. Further instances of Swiss family entrepreneurship are Novartis (the Sandoz/ Landolt …

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Leading the Journey Towards Happiness and Prosperity, in Families and their Businesses

Family businesses have always played a critical role in the economy and the society, in countries across the world. In India, historically they have played an important role and also led the transformation of the economy since 1991 when economic liberalization was launched systematically. Evolution of standalone family firms as a powerhouse, beyond the family business groups, has added further …

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Clusterpreneurship: Do entrepreneurs create and sustain clusters?

The emergence of start-up activity in the ICT sector has shown an exponential increase after 2010. The trends that stand out explain the emergence of ICT start-ups and the regional concentration of start-ups in this sector. In this article, the authors trace the evolution of ICT start-ups and provide some insights on the sectoral and geographical patterns in the industry, …

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The Digital Transformation of R&D

The authors, in this study, use a network perspective to analyse technology spillovers from the Information and communication technology (ICT) industry and their impact on modern R&D. They specifically, use patent data from the NBER Patent Database to construct a network of inter-sectoral technology flows. Executive Summary In his letter to shareholders in 20131, General Electric (GE) CEO Jeffrey R …

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Complementary Roles of PCs and Smartphones in Enabling Digital India

The research by Professors Sundar Bharadwaj, S Arunachalam, and Ananthanarayanan S indicates that India’s technological revolution, which is heavily based on smartphone usage, is yet to address several critical areas of knowledge building. For the Digital India Programme to be effective, India needs to be a knowledge based economy as well as a digitally empowered one and hence, a good …

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Engaging in Real-Time: Understanding the Effect of ‘Real-Time’ Social Media Messages On Consumer Engagement

This research contributes to the academic literature, by understanding characteristics of real-time marketing (RTM) messages on social media and systematically looking at its impact on consumer engagement. The researchers empirically examine the effect of RTM messages on consumer engagement in social media and integrate insights from practice (using field interviews) and existing theory to propose and test two mechanisms by …

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Climate and Society: Beyond General Circulation Models

Responses to climate change need to be understood at different temporal and spatial scales of its contingent formation, rather than being derived mechanistically through analyses of presumed climate impacts. Governmental, social, and household level responses to climate change must be undertaken despite substantial uncertainty about the location, intensity, frequency, and disruptive potential of many climate impacts and ongoing social transformations. At …

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Impact of Climatic Conditions on GDP

A one degree Celsius increase in daily mean temperatures would on an average decrease agricultural output by 11% in India. The overall GDP, as a result, would reduce by 28%, making the 8% per annum GDP growth rate a pipedream. The consequences of climate change could be devastating, if policy makers continue to ignore it. Agricultural output would fall resulting …

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