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Strategic Thoughts in New AgeManagement

November 4-5, 2006

Todays

emerging

landscapes

come from our

yesterdays

actions.

Professor Arun Kumar JainProfessor Arun Kumar Jain

Chairman, Center for Corporate GovernanceChairman, Center for Corporate Governance

Indian Institute of Management-LucknowIndian Institute of Management-Lucknow

E-mai:E-mai: arunjain@iiml.ac.inarunjain@iiml.ac.in

Emerging India and ChangingCorporate Landscapes

mailto:arunjain@iiml.ac.inmailto:arunjain@iiml.ac.inmailto:arunjain@iiml.ac.in

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TheBu

siness

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of

Jam

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orArun

Kumar

Jain

The Elephant Dances India Emerges

Intl Conference on New Age Management, 2006

The Elephant Dances Emerging Forms

My article in HBR-Japan (May 2006)

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Jain

The Elephant Dances India Emerges

Intl Conference on New Age Management, 2006

The Elephant Dances Emerging Forms

My article in HBR-Japan (May 2006)

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TheBu

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Schoo

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orArun

Kumar

Jain

The Elephant Dances India Emerges

Intl Conference on New Age Management, 2006

The Elephant Dances Emerging Forms

My article in HBR-Japan (May 2006)

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The Elephant Dances India Emerges

Intl Conference on New Age Management, 2006

India a Global Economic Hub

Economic Reforms - Indian Entrepreneurship isnow unleashed

Economy consistently growing @7-8 % healthyrate

Kondratieff long-term cycles Globalization is the norm Mkt cap greater than countrys GDP - collective net

worth of Indias billionaires (assets > Rs 1 billion) gone up by 74 % to Rs6.33 lakh cr from Rs 3.64 lakh cr. No of billionaires 391.

The 300 + 700 million opportunity The coming of private equity

Indian cos are competing globally based on advantagescreated through R&D, Innovation, and Customization

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The Elephant Dances India Emerges

Intl Conference on New Age Management, 2006

RAPIDLY CHANGING BUSINESSENVIRONMENT RESHAPING LANDSCAPES

http://images.google.com/imgres?imgurl=http://www.india-travelinfo.com/india-maps/india-map.jpg&imgrefurl=http://www.india-travelinfo.com/india-maps/india-maps.htm&h=506&w=500&sz=63&tbnid=STOqudadlnmgbM:&tbnh=131&tbnw=129&prev=/images%3Fq%3Dmaps%2Bof%2Bindia&start=3&sa=X&oi=images&ct=image&cd=3

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The Elephant Dances India Emerges

Intl Conference on New Age Management, 2006

GCR-2005/6 Ranks

INDIA CHINA

Index \Year

2000

2005

2000

2005

RemarksOut of 75/117 countries

GCI 48 50 41 49 India is almost constantbut China has slippeddecreasing the gap.

BCI 37 31

44 57 India has improved.Relative rank-differencegap is widened.

ee book : Crafting and Executing Strategy, (authors Strickland,

Thompson, Gamble, and AK Jain), 14 ed. Tata McGraw Hill, 2006

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The Elephant Dances India Emerges

Intl Conference on New Age Management, 2006

BRANDED GOODS

Bought irrespective of

place of production; brand

nullifies place of origin

problem, e.g. Sony, Nokia1

WIN-WIN SITUATION

Rolex Swiss Watch,

Chivas Regal Scotch

whisky, Infosys-Wipro

2

NO CHANCE

V.Difficult for New

Entrants; Can compete in

basic goods mostly4

COUNTRY-LOCAL

SPECIFIC PRODUCTS

Kashmiri carpets

Origin gives easy entry

3

HI

LO HI

FRAMEWORK FOR UNDERSTANDING COUNTRY- FIRM

LEVEL COMPETITIVENESS LINKAGES

Firm-le

vel

C

ompe

titiveAdv

LO

Country Advantage

Copyright: Professor Arun Kumar Jain, 2000

See my book: Competitive Excellence for explanation

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The Elephant Dances India Emerges

Intl Conference on New Age Management, 2006

See: Toward a Theory of Hi-Performance, Harvard Business

Cases of

HLL Opn. Shakti Gujarat Ambuja

Cements

Amul Products

Hero Honda

ICICI Bank

Kolhapuri chappals

Jammus Rajmah?

Khukri producer inDoon

Philips India

Bharat Forge

ITC e-Chaupal initiative

Titan watches

Educational Innovations

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The Elephant Dances India Emerges

Intl Conference on New Age Management, 2006

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The Elephant Dances India Emerges

Intl Conference on New Age Management, 2006

The Future dream to dare

It is not labour, not capital, not land thathas created modern wealth or is creating it

today. It is ideas that create wealth, andwhat is wanted is more ideas moreuncovering of natural reservoirs, and lesslabour and capital and land

Emerson The twelve principles ofefficiency

1913

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The Elephant Dances India Emerges

Intl Conference on New Age Management, 2006

Finally:

There is a tide in the affairs of men,Which, taken at the flood, leads on tofortune;Omitted, all the voyage of their life;Is bound in shallows and in miseries.

William Shakespeare, Ju l i us C aes ar ( 1599 )

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The Elephant Dances India Emerges

Intl Conference on New Age Management 2006

Thank You