Labor productivity in India should be driving the reforms being made in India, from infrastructure to education, health and access to technology.


As the Senior Advisor to the President on Harvard’s Global Strategy, I have been working with my colleagues on a new initiative to enhance the University’s global engagement.   I am happy to report that these efforts led to the recent announcement on the creation of the Harvard Global Institute: .  The new Institute will allow Harvard to mobilize its faculty and students to address pressing global challenges of our times.   In this spirit, the Institute will support an ambitious cross-disciplinary initiative to address climate change and air pollution in China.



I found this article to be very interesting.  I’m glad researchers are extending the work that Tarun Khanna and I did on institutional voids in new ways


I’m honored to be named a Fellow of the International Academy of Management and to be named to the Thinkers50 list.


As an HBS faculty member, and as an Indian-American, I am proud of the Tata Hall which was formally inaugurated last week.  Here is a video tribute to Mr. Ratan Tata, a remarkable business leader who made the Tata Hall possible.

Here are excellent remarks by Ratan Tata from the Tata Hall inauguration:


I’d like to thank all the people who made my sabbatical year a rewarding experience including my colleagues at IESE and and CEIBS.


New Case by Krishna Palepu on Strategy and Governance at Yahoo

Posted by on Jan 5, 2012 in Blog | 3 comments

My colleagues and I have just published a case on strategy and governance at Yahoo.  It gives a good background on developments at Yahoo which the new CEO and board will have to face.

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5th Edition of Business Analysis and Valuation, by Krishna Palepu and Paul Healy to be released in 2012

Posted by on Jan 2, 2012 in Blog | 1 comment

The 5th Edition of Business Analysis and Valuation, by Krishna Palepu and Paul Healy, will be released in 2012.

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Krishna Palepu video describes HBS Global CEO Program in China

Posted by on Dec 12, 2011 in Blog | 28 comments

Here is a description of the HBS Global CEO program in China

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HBS announces new programs in China

Posted by on Nov 23, 2011 in Blog | 0 comments

HBS has announced 6 interesting new executive education programs in China in 2012.  I will be teaching in some of them.

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P&G is in the High-quality, Low Cost world too

Posted by on Nov 16, 2011 in Blog | 109 comments

Winning in Emerging Markets talk about how companies need to develop  “high quality, low cost” products to attract the growing middle class in emerging markets.  P&G proves that there is also a market for these products in developed markets in this Wall Street Journal article.

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The $35 Tablet computer

Posted by on Nov 15, 2011 in Blog | 0 comments

The $35 Aakash tablet computer is another great example of a high-quality, low-cost  product developed in emerging markets.  

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The Tobin Tax

Posted by on Nov 8, 2011 in Blog | 0 comments

This WSJ editorial argues against the Tobin Tax on financial transactions,  based on the obvious fact that it falls apart unless all countries enact it (impossible).  It does little, however, to refute the overall desirability of reigning in pure speculative trading.  Proponents of the transaction tax argue that such a tax, by discouraging noise trading, will contribute to stock prices tracking fundamentals better.  They argue that this in turn leads to a more efficient capital allocation.  Interesting...

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IBM CEO Succession planning is impressive

Posted by on Oct 27, 2011 in Blog | 26 comments

IBM’s orderly CEO succession plan and corporate strategy stands in marked contrast to the succession planning and strategy at its rival, HP.  As my colleagues and I have written in a series of cases on the board process at HP, they have lurched from strategy to strategy and CEO to CEO (usually outsiders) with unimpressive results.  Contrast this with IBM, which has had a successful long-term strategy,  and has groomed a series of impressive executives from within.  Best wishes to Rometty as she takes over the reigns of IBM.  Below...

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Posted by on Oct 21, 2011 in Blog | 0 comments

The Economist has a recent article discussing how business groups are still the dominant form of business in India.  There are many reasons for this, with work done by me and Tarun Khanna on “institutional voids,” listed as one of the main drivers.  When we published this article in 1997, many people thought the need for vertically-integrated businesses in emerging markets would wane over time as institutional voids lessen.  This clearly shows that 14 years on, the institutional voids we identified still create the need for...

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Check out my new blog at blogspot

Posted by on Oct 6, 2011 in Blog | 1 comment

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