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3819 items in total found

Working Papers | 2018

Does Entrepreneurial Logic Impact Funding Evaluation of Startups?

Rajesh Jain, Valerie Mendonca, Neharika Vohra, and Supriya Sharma

From a neoclassical economics perspective, entrepreneurship involves rational decision-making and entrepreneurs engage in rational, goal-driven behavior. However, such a view is put to test in current, dynamic business environments characterized by high level of uncertainty. Expert entrepreneurs adopt a nimble, iterative and effectual approach to be able to navigate such dynamic environments. While there is growing confidence about the desirable outcomes of an effectual logic, there is limited evidence based understanding of how such a logic is perceived by stakeholders in the entrepreneurial ecosystem. For instance, how do investors assess causal vs. effectual logics of entrepreneurs? This study attempts to pursue this question. We use data from a national level entrepreneurship competition held in India in 2015 to understand the influence of entrepreneurs' logics on their funding outcomes. We find that the logics of the selected and not selected entries are significantly distinct. Furthermore, results from a binary logistic regression reveal an inclination of investors towards causal logic. Adoption of causal logic increases a startup's chances of funding by about 50%. Findings are discussed in reference to implications for the current entrepreneurship ecosystem.

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Working Papers | 2018

Leadership and Management of Public Sector Undertakings in an Emerging Economy

Vishal Gupta, Swanand Kulkarni, and Naresh Khatri

Public Sector Undertakings (PSUs) contribute significantly to the growth and economic development of any country. This study explores the key managerial challenges faced by the leaders and managers of public sector organizations. We interviewed 42 senior managers of PSUs from various industries representing 12 Indian states representing all the regions of India. Specifically, three key managerial challenges emerged in our study: political interference and lack of autonomy, rigid rules and HR practices, and lack of employee motivation. Positive leader personality, communication skills, change- and relation-oriented behaviors, HR skills, and decision-making emerged as top leader qualities. Staffing, training and development and performance management emerged as the top priorities of HR departments of PSUs. Public-service motivation, job security and work environment were the top reasons for continuing to work in PSUs for Indian leaders. Implications for theory and practice are discussed.

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Working Papers | 2018

Is the Past Still Holding Us Back? A Study on Intergenerational Education Mobility in India (revised as on 26.09.18)

Kishan P K V

This paper explores various aspects of, and factors affecting intergenerational education mobility in India. We employ IHDS-II (2011-12) and prepare a representative dataset that goes beyond 'co-resident only' son-father pairs by utilizing the retrospective information conveying the educational attainment of the father of the male household head. From the resulting sample of 44,532 son-father pairs and appropriate cohort analysis, we find that there is still a high degree of intergenerational persistence in education, although the same is decreasing steadily over time. Through quantile regressions, we detect a non-linearity in the relationship between fathers' and sons' schooling outcomes along the education distribution. Moreover, the mobility gap between the historically advantaged subgroups (urban population, upper castes, Hindus, etc.) and the others (rural population, lower castes, Muslim, etc.) increasingly widens along the middle and upper quantiles of the distribution. Finally, "Higher Inequality (during fathers' generation) à Lesser Mobility" nexus in education plays out for the Indian scenario and thus corroborates the 'Great Gatsby Curve'. Other macro variables, economic growth and public expenditure in education, bear a positive association with education mobility.

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Working Papers | 2018

Indian Antecedents to Modern Economic Thought

Satish Y. Deodhar

The history of economic thought begins with salutations to Greek writings of Aristotle and Plato. While the fourth century BCE Greek writings may have been the fount of modern economic thought that emerged in Europe starting 18th century CE, there has been a general unawareness of the economic thinking that emanated from the Indian subcontinent. Pre-classical thoughts that had appeared in Vedas dating a millennium prior to the Greek writings had culminated in their comprehensive coverage in the treatise Arthashastra by Kautilya in the fourth century BCE. In this context, the paper outlines various ancient Indian texts and the economic thoughts expressed therein, delves on the reasons why they have gone unnoticed, brings to the fore the economic policies laid down by Kautilya, shows how these policies exemplify pragmatic application of the modern economic principles, and brings out in bold relief, the contribution of this Pre-Classical literature in the history of economic thought.

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Working Papers | 2018

Marketplace Options in an Emerging Economy Local Food Marketing System- Producers' Choices, Choice Determinants and Requirements

Aashish Argade and A. K. Laha

One of the important objectives of reforms in Indian agricultural marketing was to stimulate competition in the local food marketing system dominated by the state-regulated APMC marketplaces. This study was taken up to understand the different kinds of marketplaces that were available to producers besides the APMCs. Based on survey conducted in one of the pioneering states that introduced reforms, it was found that APMC and farm-gate emerged as the dominant marketplace options. The factors influencing choice of marketplaces were identified using binary logistic regression. Perishability of the produce, and services such as grading, storage and transport provided by buyers were found to be significant determinants of marketplace choice. A post-hoc survey was conducted to gauge farmers' expectations of services and facilities of a marketplace by presenting four scenarios. Even as farmers seem to expect a full-fledged APMC with wide-ranging facilities, warehousing seemed to be their major requirement. Willingness to pay for facilities and services was an important takeaway from the findings. The study has important implications for policy design and implementation, and scope for private sector participation

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Journal Articles | 2017

Professionalizing a religio-centric firm through workplace learning

Anamika Sinha, Biju Varkkey, Rajesh Kikani, and Priyanka Dave

Vikalpa

On a Monday morning, after a three-week holiday in Brazil, Rakesh Patel, Chairman of Steel Tubes and Pipes Ltd (STPL), was consolidating his thoughts on the tasks ahead. He was back to work after his first family holiday in many years. Experiencing lovely beaches, football fever, and a leisurely cruise in the Amazon basin had rejuvenated the family. He too was recharged, and ready to take his medium-sized company into, as they say, the next orbit.

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Journal Articles | 2017

Transnational Indian business in the twentieth century

Chinmay Tumbe

Business History Review

This article argues that migration and investment from India moved in tandem to chart the evolution of transnational Indian business in the twentieth century, first toward Southeast Asia and Africa and later toward the United States, Europe, and West Asia. With a focus on the banking and diamond sectors, the overseas investment project of the Aditya Birla Group, and the transnational linkages of India's one hundred richest business leaders, the article locates important events, policies, and actors before economic liberalization in 1991 that laid the foundation for subsequent globalization of Indian firms.

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Journal Articles | 2017

Do celebrities have it all? Context collapse and the networked publics

Asha Kaul and Vidhi Chaudhri

Journal of Human Values

With the advent of social media and increase in networked publics, context collapse has emerged as a critical topic in the discussion of imagined audiences and blurring of the private and the public. The meshing of social contexts portends problematic issues as messages inadvertently reach unimagined audiences causing shame and leading to loss of ‘face’. In this article, we specifically study the impact of context collapse on some celebrities ‘who had it all’ yet, lost ‘it some’ to the world of networked public. The article examines celebrities sharing identity information across multiple contexts and explores situations of lost fame when ‘face’ is threatened, usage falters and breaks some of the well-established norms of interactivity. It concludes that lack of prudence in separating social contexts, loss of ‘face’ and social approval can dampen online celebrity presence. It proposes the use of ‘polysemy’ to simultaneously appeal to audiences from different contexts.

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Journal Articles | 2017

How to answer some tricky interview questions?

Asha Kaul

HBR Ascend

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Journal Articles | 2017

Contribution of HR systems in development of ethical climate at workplace: A case study

Jatinder Kumar Jha, Biju Varkkey, Praveen Agrawal, and Narendra Singh

South Asian Journal of Human Resource Management

This article elucidates the relationship between HR systems and ethical climate at workplace with primary focus on the procedure adopted for development of ethical climate, using case study of an Indian power distribution company (Tata Power Delhi Distribution Limited [TPDDL]). The study categorizes TPDDL’s endeavours undertaken into two categories, explicit and implicit initiatives. Explicit ways of promoting ethics include ethics trainings, seminars on ethics, rewards and punishment policy, and mechanism of reporting ethical concerns/issues (ethics portal, whistle blower policy, IVRS, etc.). Implicit ways of creating ethical climate include HR practices, namely selective selection, training for developing interpersonal and technical skills, fair performance appraisal system and various engagement initiatives. The support and guidance of the senior management and line managers ensured successful execution of both initiatives. Results from the study suggest, over the period of time, the untiring efforts of various actors that saw the development of an ethical climate.

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