Features

Concise yet comprehensive research-based or opinion pieces on a variety of topics of interest for practicing managers and researchers.

The CSR Law: Enabling “Extraordinary” Business

In this paper, Ram Nidumolu, CEO of Innovastrat, USA, and Professor Sanjay Kallapur of the Indian School of Business, argue it is possible to treat CSR strategically while also complying with the new CSR provisions in the Indian Companies Act 2013. Without this strategic approach, CSR becomes only a compliance activity that may end up achieving neither corporate nor social purpose. They go on to suggest a new Responsible Business (RB) Framework, which if implemented properly, can enable companies to turn the new clause in the Indian Companies Act 2013, mandating them to spend at least 2 percent of the average net profi ts of the previous three years, into a driver for extraordinary business in India.

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State of Family Togetherness in Indian Family Businesses

Indian Family Businesses form the ‘backbone’ of the Indian economy and hence there is a need to extend the life span of these family businesses so that the economy can continue to derive benefit from their contribution. Executive Director of Thomas Schmidheiny Centre for Family Enterprise at ISB, Professor Kavil Ramachandran and Research Associate at the Centre, Navneet Bhatnagar, explore the meaning and state of family togetherness in Indian family businesses.

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