Leveraging India: Strategies for Global Competitiveness
Sydney, Australia, April 11-12, 2012
Emerging Market Internationalization Research Group (EMIRG)
The University of Sydney Business School
Institute of Global Management Studies (IGMS), Fox School of Business, Temple University
Convenors: Sid Gray, Vikas Kumar, Ram Mudambi, and Chinmay Pattnaik
India’s rise in the global economy has generated interest among corporate executives worldwide as well as management, international business and strategy scholars. A recent publication, titled ‘The India Way’ (Capelli, Singh, Singh & Useem, 2010) by the Harvard Business Press showcases how India’s top business leaders are revolutionizing management practice. Australian and other western multinationals that intend to do business in India or with India can learn from some of these rather unique management practices. Australian multinationals in particular have considerable experience in the Chinese/Asian market and are aware of the Chinese/Asian management techniques. As they expand their footprint, understanding the subtleties of Indian businesses becomes imperative.
As a large emerging economy, India is often clubbed together China (Gupta & Wang, 2009). However, businesses and academics are beginning to recognize the huge inherent differences between their civil societies, institutional infrastructure and cultural nuances. These differences imply consequent differences in strategy making, entrepreneurship, and individual and firm behavior (Khanna, 2009). As Australian businesses expand in Asia they need to develop a specialized and deeper focus on India in order to understand the challenges of doing business there. India fits into the strategy map of any future global enterprise by providing (a) megamarkets for almost every product and service; (b) a platform to dramatically reduce cost structures of global companies; (c) potential locations to transform any company’s technology and innovation base; and (d) basis for emergence of the 21st century multinationals (Gupta & Wang, 2009).
The conference aims to advance our understanding of innovation, internationalization and entrepreneurship in India and how outsiders, particularly Western firms, can leverage India’s potential for their own global competitiveness. The following three tracks will serve as the basis of discussion and debate during the conference:
· What strategies can best help advanced economy firms benefit from the growing innovation capabilities in India?
· What is the role of domestic Indian firms vis-à-vis advanced economy multinationals in enhancing the innovation potential of India?
· What can advanced economy firms learn from the internationalization strategies of Indian firms?
· Are there strategic contexts in advanced economies similar to the Indian context? If so, how can advanced economy firms use their Indian experience to enhance their competitive position in their home markets?
3. Learning and Leveraging Entrepreneurship in India: India is arguably the most vibrant democracy in the emerging world today. This breeds a unique sense of entrepreneurship among its people and institutions. While the state in China has been the primary driver of economic activity and growth, it is the individual entrepreneur in India that has been behind its growth story (Khanna, 2009). Unraveling the special characteristics of the Indian entrepreneur and as well as of entrepreneurship in India in general will have significant potential to enrich the field of entrepreneurship. New ventures in advanced economy markets may stand to learn how to create, operate and survive in extreme resource constrained situations. The following illustrative questions that we seek to address through this special issue are:
· How can advanced economy firms leverage Indian entrepreneurship to enhance their global competitiveness?
· To what extent can learning from Indian entrepreneurship be replicated in home country markets by advanced economy firms?
Farok Contractor, Rutgers University
Andrew Delios, National University of Singapore
Amitendu Palit, Institute of South Asian Studies, NUS
Ram Mudambi, Temple University
Ravi Ramamurti, Northeastern University
Guidelines and Information
Please submit an extended abstract of 800 – 1000 words (3 – 5 double spaced pages) by January 15, 2012 to [log in to unmask] . Contributors will receive decisions by February 10, 2012.Confirmed participants will be required to register. Registration will be free for presenting participants and includes lunches, coffee breaks and the conference dinner on April 11.
The best papers in the conference will be considered for inclusion in a special issue of a peer-reviewed journal. Further details will be circulated in due course.
Please direct any questions regarding the conference to one of the convenors.
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