Tuesday, June 28, 2016

Business School Professors and Top Salaries

Business School Professors Have to Transform into Movie Directors and Students Have to be made into Actors

Professors must think of themselves as experiential movie directors for a production of Global Business in the Networked Economy, orchestrating and coaching a multinational cast of actors through experiments – and stepping off of the stage for a broader purview.

 The classroom should be more akin to one big reality game that simulates a market or industry. It could imitate the lifecycle of a real firm with different stages running for an entire one- or two-year MBA program.

Script and direct large-scale complex simulations.

Business School Professors Should Be Like Movie Directors
Olaf Groth,Mark Esposito,Terence Tse
Harvard Business Review
MAY , 2014

Friday, June 20, 2014

Questions for Ideas for Innovation - New Patterns of Innovation

Tested ways of framing the search for ideas exist.

One is competency based: It asks, How can we build on the capabilities and assets that already make us distinctive to enter new businesses and markets?

Another is customer focused: What does a close study of customers' behavior tell us about their tacit, unmet needs?

A third addresses changes in the business environment: If we follow "megatrends" or other shifts to their logical conclusion, what future business opportunities will become clear?

We'd like to propose a fourth approach. It complements the existing frameworks but focuses on opportunities generated by the explosion in digital information and tools. Simply put, our approach poses this question: How can we create value for customers using data and analytic tools we own or could have access to? Over the past five years, we've explored that question with a broad range of IBM clients. In the course of that work, we've seen advances in IT facilitate the hunt for new business value in five distinct -- but often overlapping -- patterns.... We believe that by examining them methodically, managers in most industries can conceive solid ideas for new businesses.

The New Patterns of Innovation. By: Parmar, Rashik, Mackenzie, Ian, Cohn, David, Gann, David, Harvard Business Review, 00178012, Jan/Feb2014, Vol. 92, Issue 1/2

Thursday, June 19, 2014

State Capitalism - Ian Bremmer

The objective of state capitalism is to control the wealth that markets gener­ate by allowing the government to play a dominant role through public ­sector com­panies and politically loyal corporations. Whereas the free market system’s motive  of maximizing profits and growth is eco­nomic, state capitalism’s goal is political:
to control economic development and thereby maximize the incumbent regime’s chances of survival. It isn’t a coherent phi­losophy but a set of techniques peculiar to each country.

In New Rules of Globalization, Harvard Business Review,  January - Feb,  2014

Thursday, July 11, 2013

Building Reputation Points

Experts at Wharton say the success of a corporte reputation reclamation project depends on the company's image when a crisis hits.

Thomas Donaldson, Wharton Professor of legal studies and business ethics says "The starting point matters a lot. The old saying that a reputation takes years to accumulate, but can be destroyed overnight, is only half true. If you have a good reputation, you are given the benefit of doubt. If a company has a bad reputation, it gets the detriment of the doubt."

From an Article form knowledge@Wharton, 2007
Reprinted in Corporate Dossier, Economic Times, India,as
Can't Run, Can't Hide
5 October 2007

Saturday, May 12, 2012

Industrial Engineering

Industrial engineering may be defined as the art of utlizing scientific principles, psychological data, and physiological information for designing, improving, and integrating industrial, management, and human operating procedures  - Gerald Nadler

Industrial Engineering is Human Effort Engineering and System Efficiency Engineering - Narayana Rao

Industrial Engineering Knowledge Center

Thursday, February 5, 2009

Leaders Must be Spriritual

Spirituality is about inner engineering, transforming oneself from inside. Global financial crisis has exposed the spiritual bankruptcy of many corporate executives.

There is excessive focus on personal financial gains and not enough concern for making a difference to the society.

Spiritually rooted leaders do not see a conflict between the profit mission and the social mission.

Vijay Govindrajan
Tuck School of Business at Dartmouth and
Chief Innovation Consultant at General Electric

Author of Ten Rules of Strategic Innovators

In an article "A Whole New Phase", in Corporate Dossier, The Economic Times, 9 January 2009, Page 2