Past Issues : Features

Sharing Wisdom: Lessons From Successful Family Dynasties

It is not an easy task to emulate the most successful family firms because success is more to do with character and resilience. The most successful business-owning families take great pride in the business and its history ahead of profit-maximisation. They also have a deep sense of family, of unity, and ways of supporting one another. The author, in this …

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Family Philanthropy Management – a European Perspective

“The secret of happiness does not lie in possessing but in giving. One, who makes others happy, will be happy.” - French saying Family Wealth Management and Philanthropy Services 'Giving back' is as important as wealth preservation and value generation for most European business families. The expansion of philanthropy services within single family offices - non-bank wealth management service providers for business …

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Corporate Governance, Business Growth and the Role of Independent Directors

The significance of corporate governance and the role of independent directors in the growth of a family business cannot be undermined. One of the major challenges a family business faces during its growth pertain to these. While corporate governance provides the required framework for accomplishing its objectives, the board of directors make sure that the organization’s vision and culture are …

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The Spectrum of the Triple Bottom Line

Dr. Thomas Schmidheiny, Chairman, Spectrum Value Management Limited, Zurich, and Former chairman, Holcim, the world’s leading cement, concrete, and aggregates enterprise, is a leading figure in the global entrepreneurial circles. The Thomas Schmidheiny Chair on Family Business & Wealth Management at ISB was instituted under the auspices of Dr. Schmidheiny. The purpose of the Chair was to enable Indian families …

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Self-Organising Smart Cities

Convergence of Information and Communications Technology (ICT) and conventional technologies are enabling the rise of smart cities. However, it’s imperative that adequate consideration of other related factors be taken into account. In this article, the author stresses upon the appreciation of the context and the precise needs for successful establishment of ‘smart cities’. The concept of ‘smart cities’, as a means …

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Participatory Transformation is the Key to Effective Administrative Reforms

Credibility of the implementers and acceptance by the intended target groups, apart from the speed of implementation itself, are critical to the success of any grassroot administrative reforms. This article examines the strategic approach underlying the District Results Framework Document (RFD), an ex-ante performance management and accountability instrument for District Collectors, and the lessons from processes & events that led …

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Affordability and Accessibility to Medicines in EMs: Differential pricing is the solution

Differential pricing by pharmaceutical companies whereby prices charged in each country are commensurate with either its ability to pay or with its average per capita income, could be a solution to improving affordability and accessibility to medicines in emerging markets such as India where most patients pay out-of-pocket. Price discrimination offers more affordable prices to customers with lower ability/willingness to …

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Celebrity Endorsements: An Issue in India Because of Higher Power Distance

Celebrity endorsement has come into the spotlight in India with recent controversies over products endorsed by well-known personalities. This is more of an issue in emerging markets like India because of the high credibility that celebrities carry. This phenomenon stems from the fact that power distance, or the acceptance of unequally distributed power, is high in countries like India. Recent …

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Feeling low? Forgo the comfort food and turn up the volume!

Managing one’s self-worth after experiencing a psychological threat need not always lead to counterproductive behaviours such as excessive shopping and binge eating. Research by Professors Rishtee Batra and Tanuka Ghoshal shows that high intensity sensory consumption (HISC), which involves heightening the senses via enhanced levels of key sensory properties such as bright colours or loud music, can be a better …

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