PRACTICE :: ORGANIZATION & HR
Leading Change Successfully
Organizational change done improperly, can be worse than the status quo. Surveys indicate a whopping 3 out of 4 organizational change efforts fail.
Does this mean that organizations should shy away from change? This need not be the case argues Professor S. Nayana Tara. She recommends a framework-based methodology that can help individuals and organizations successfully address the challenges that arise due to change.
VIEWPOINT :: STRATEGY
Do managers influence technological progress?
Is technological progress in an industry largely random and a function of external shocks? Or do entrepreneurs and managers have a role to play in conceiving, defining and implementing specific roadmaps for competitive advantage?
These are questions that have been the subject of management debate for many years. Professor Deepak Kumar Sinha and his co-author have studied the Indian and US sugar industries and make interesting observations relevant to this debate.
INSIGHT :: FINANCE
Bank stocks - does risk management matter?
Do stock markets reward financial institutions, such as banks, for risk-taking or for risk-management? Most economists agree that highly skewed incentives drove financers to undertake risks that pushed the world economy to the brink.
While tighter regulation is being touted as a potential solution, are markets already factoring risk management capability of a bank in its stock price? Professor M. Jayadev and co-author Rudra Sensarma studied the performance of Indian banks in the recent past to answer this question.
BOOK REVIEW
Here Comes EverybodyHow do trends emerge? How are opinions formed and how do they affect businesses, societies and lives? Author Clay Shirkey provides insights into what makes or breaks group efforts and social communities in the emerging world of wikis and Web 2.0. To read a review of this book