Labor productivity in India should be driving the reforms being made in India, from infrastructure to education, health and access to technology. http://articles.economictimes.indiatimes.com/2015-10-25/news/67970353_1_labour-productivity-krishna-palepu-satyam-case
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: http://www.harvard.edu/president/news/2015/statement-on-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
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.
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. http://hbr.org/product/strategy-and-governance-at-yahoo-inc/an/112040-PDF-ENGread more
5th Edition of Business Analysis and Valuation, by Krishna Palepu and Paul Healy to be released in 2012
The 5th Edition of Business Analysis and Valuation, by Krishna Palepu and Paul Healy, will be released in 2012.read more
Here is a description of the HBS Global CEO program in China http://www.youtube.com/watch?v=2kLjY7uAnFMread more
HBS has announced 6 interesting new executive education programs in China in 2012. I will be teaching in some of them. http://www.marketwatch.com/story/harvard-business-school-announces-2012-china-program-portfolio-2011-11-17read more
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. http://online.wsj.com/article/SB10001424053111904836104576558861943984924.htmlread more
The $35 Aakash tablet computer is another great example of a high-quality, low-cost product developed in emerging markets. http://www.nytimes.com/2011/11/13/opinion/sunday/friedman-the-last-person.html?_r=1read more
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...read more
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...read more
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...read more