This Month from Knowledge@Wharton.
Stories this month include "What's Driving India's Rise as an R&D Hub?" and "Are Failed Infrastructure Projects Linked to the Presence of the IMF or World Bank? Read on ... "
This month some of the timely stories from Knowledge@Wharton (http://knowledge.wharton.upenn.edu), the Wharton School's online research and business analysis journal, include:
What's Driving India's Rise as an R&D Hub?
India has long enjoyed a reputation as a destination for IT and business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in . Now, the country is fast emerging as a major center for cutting-edge research and development (R&D) projects for global multinationals such as Microsoft and Motorola as well as Indian firms. What forces are shaping these trends? What does the future hold? To answer these questions and more, Knowledge@Wharton collaborated with the Economic Times Intelligence Group in Mumbai, India, on this special report on R&D in India.
http://knowledge.wharton.upenn.edu/index.cfm?fa=SpecialSection& specialId=40 (Due to its length, this URL URL
in full Uniform Resource Locator
Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)
Are Failed Infrastructure Projects Linked to the Presence of the IMF IMF
See: International Monetary Fund
See International Monetary Fund (IMF). or World Bank? Read on ...
When Wharton management professor Witold Henisz was studying the problems that Western investors have financing infrastructure projects in developing countries, one common denominator common denominator
1. Mathematics A quantity into which all the denominators of a set of fractions may be divided without a remainder.
2. A commonly shared theme or trait. made him curious: The involvement of the International Monetary Fund or the World Bank. So Henisz and several colleagues combed through three decades of market reform and industry decentralization de·cen·tral·ize
v. de·cen·tral·ized, de·cen·tral·iz·ing, de·cen·tral·iz·es
1. To distribute the administrative functions or powers of (a central authority) among several local authorities. projects in dozens of countries, looking for Looking for
In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a link between failed or troubled reform efforts and the presence of the IMF or World Bank. They found one. Working on two separate papers, the researchers conclude that the IMF and World Bank do indeed play a significant role in these areas -- but often in a negative way. "If you see the IMF and World Bank influencing reforms in a country...," says Henisz, "It's not a seal of approval. It's a warning flag."
Strong Leaders Encourage Dissent, and Gain Commitment
In Why Great Leaders Don't Take Yes for an Answer: Managing for Conflict and Consensus, author Michael Roberto shows how leaders can stimulate dissent and debate within their organization, and also keep such interaction constructive. Too often, he suggests, leaders don't hear bad news until it's too late, eventually becoming so isolated that even high-risk or illegal actions go unquestioned. Using the Columbia space shuttle space shuttle, reusable U.S. space vehicle. Developed by the National Aeronautics and Space Administration (NASA), it consists of a winged orbiter, two solid-rocket boosters, and an external tank. disaster, an ill-fated climb to Mount Everest and other examples from history, Roberto explores how organizations make decisions, how executives gain commitment from their colleagues and how true leaders encourage open debate but also build long-term consensus.
Women Who Step Out of the Corporate World Find It Hard to Step Back In
Women executives who leave the corporate world when they hit a glass ceiling, want to raise a family fulltime or decide to focus on other interests, encounter frustrating frus·trate
tr.v. frus·trat·ed, frus·trat·ing, frus·trates
a. To prevent from accomplishing a purpose or fulfilling a desire; thwart: roadblocks in their attempts to re-enter re·en·ter also re-en·ter
v. re·en·tered, re·en·ter·ing, re·en·ters
1. To enter or come in to again.
2. To record again on a list or ledger.
v.intr. the workforce, according to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. new Wharton research. To overcome the obstacles, women should confront the difficulties they face and prepare for their return to the labor force the moment they leave, says Monica McGrath, adjunct professor of management at Wharton, executive coach and co-author of the study entitled, "Back in the Game. Returning to Business after a Hiatus: Experiences and Recommendations for Women, Employers, and Universities."
The Financial Risks of Terrorism: Balancing Public and Private Roles
Who should pay for the economic consequences of a terrorist attack in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. ? This week, the Wharton Risk Management and Decision Processes Center publishes TRIA TRIA Terrorism Risk Insurance Act of 2002
TRIA Term Requirement in Average and Beyond, an analysis of the Terrorism Risk Insurance Act The Terrorism Risk Insurance Act (TRIA) is a United States federal law signed into law by President George W. Bush on November 26, 2002. The Act created a federal "backstop" for insurance claims related to acts of terrorism. of 2002 (TRIA), which will expire December 31, 2005, if not renewed. The Risk Center's report offers policymakers, key industry representatives and other interested parties an analysis of what roles the public and private sectors should play with respect to terrorism risk coverage in the United States.
How Well Has Chile's Retirement Program Aged?
Viewed as one of the world's most innovative pension systems when it was created a quarter century ago, the Chilean retirement program is receiving new scrutiny as participants begin to reach retirement age, and President Bush promotes elements of the plan as a way to reform Social Security in the United States. An upcoming Presidential election in Chile has prompted additional debate about whether the Chilean system provides enough coverage to prevent old-age poverty, according to Olivia Mitchell Olivia Mitchell (born July 31, 1947) is an Irish Fine Gael politician. She is a TD for Dublin South and is currently the Fine Gael spokesperson for Transport.
Olivia Mitchell was born in Birr, County Offaly. , director of Wharton's Pension Research Council, who recently led a panel entitled, "Exporting the Pension Revolution: Chile and Beyond," at the Wharton Global Alumni Forum in Santiago.
Degussa's China Strategy: "The Issue of Risk Is Enormously Overestimated"
In the second of a two-part interview with Knowledge@Wharton, Utz-Hellmuth Felcht, chairman of the management board at Degussa, the world's largest specialty chemicals company, discusses his company's strategy for China. He believes that with 650 million consumers who have a disposable income disposable income
Portion of an individual's income over which the recipient has complete discretion. To assess disposable income, it is necessary to determine total income, including not only wages and salaries, interest and dividend payments, and business profits, but also of $10,000 or more, China represents a larger potential market for Degussa than Western Europe Western Europe
The countries of western Europe, especially those that are allied with the United States and Canada in the North Atlantic Treaty Organization (established 1949 and usually known as NATO). and the U.S. combined. That is why Felcht wants Degussa to be active in China today. As he puts it, "If we want to continue to be the No. 1 specialty chemicals company 10 years from now, we better get going."
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Noun 1. MBA - a master's degree in business
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