Topic: Innovation

Saving Lives: Emergency Medical Services in India

BY MILIND SOHONI, WITH ANUBRATA BANERJEE By the year 2025, road traffic deaths in India are expected to cross 250,000 annually. Providing timely and high-quality emergency health services is a challenge, given supply-side problems, regulatory and policy issues, and lack of awareness about emergency care in the country. A robust national emergency medical service with an interdisciplinary approach is the need …

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Access versus Innovation in Global Healthcare Markets

Access to affordable medicines and healthcare today comes with a dynamic trade-off in terms of potential disincentives for innovation tomorrow. Using theory and techniques from applied microeconomics, Professor Chirantan Chatterjee examines these trade-offs and their welfare implications in research set in United States and Indian healthcare and pharmaceutical markets. Chirantan Chatterjee is Assistant Professor in the Economics and Public Policy area …

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More Bang for Your Digital Spend: Technology and R&D

Based on the research of Deepa Mani, Rajib Saha, and Aditya K.S. Digitisation of research and development can generate significant returns for firms, argue ISB Professor Deepa Mani and colleagues, based on an empirical study of technology spill-overs from the IT industry across an array of other industries. Technology laggards risk being left behind as industry boundaries are redefined. Digitisation today holds …

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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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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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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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Failure is a Necessary Part of Innovation

Sanjay Subhedar, founding Managing Director of Storm Ventures, and member of the Governing Board, ISB was at the Indian School of Business, and during his conversation with C Chitti Pantulu, former Director – Marketing and Communications, talked about the start-up environment in India, innovation landscape and the e-commerce space. Chitti Pantulu: Innovation is coming from unseen quarters. And looking at it …

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SMEs: Don’t Push Succession Under the Carpet

Ninety percent of the businesses in India are family owned. About 30% of the family businesses listed on the Indian bourses got listed post liberalization in 1991. The first generation founder would still be actively involved in most of these companies considering the average age at which entrepreneurs start a firm to be 40 and the average retirement age for …

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Innovation Pacing

When will unpredictability in innovation pacing lead to competitive advantage? Drawing from his research, Professor Anindya Ghosh explains that unpredictability helps firms in crowded competitive landscapes. Specifically, unpredictability and fast pacing confer competitive advantage by impeding imitation. Professor Anindya Ghosh is Assistant Professor of Strategy at the Indian School of Business.

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