Indian Institute of Management Bangalore

About: Indian Institute of Management Bangalore is a education organization based out in Bengaluru, Karnataka, India. It is known for research contribution in the topics: Emerging markets & Context (language use). The organization has 491 authors who have published 1254 publications receiving 23853 citations. The organization is also known as: IIMB.

Sustainability Education in Indian Business Schools: A Status Review

Abstract: Sustainability issues, given their potential scale of impact and urgency, have captured the imagination of both corporations and academic institutions everywhere. This paper examines how such problems and their potential solutions have been incorporated into higher education, particularly business school education in India. With over 3,600 business schools in the public and private sector, business education in India has proliferated. However, students by and large still remain unexposed to sustainability and disaster management concepts in their curriculum. The underlying factors for this include, lack of institutional capacity, issues related to faculty motivation and incentives, lack of recruiter interest and limited availability to high quality resource material. Further, while several schools in India focus on sectors relevant to sustainability, inter-organizational linkages have not developed and business school generally operate independently. This paper examines the way forward to deeply integrate sustainability principles into the core curriculum of business schools. Measures suggested include creating communities of practice among academia and industry, building a resource base of teaching materials for easy access by faculty, and several measures to strengthen institutional capacity.

Impact of Corporate Governance on Organisational Performance of Indian Firms

Abstract: This research study explored the link between corporate governance practices (CGPs) and organisational performance in India, especially in the context of some major CG reforms that have been undert...

Optimal Selection of Obsolescence Mitigation Strategies Using a Class of Bandit Models

Abstract: Obsolescence of embedded parts is a serious concern for managers of complex systems where the design life of the system typically exceeds 20 years. Capital asset management teams have been exploring several strategies to mitigate risks associated with Diminishing Manufacturing Sources (DMS) and repeated life extensions of complex systems. Asset management cost and the performance of a system depend heavily on the obsolescence mitigation strategy chosen by the decision maker. We have developed mathematical models that can be used to calculate the impact of various obsolescence mitigation strategies on the Total Cost of Ownership (TCO) of a system. We have used classical multi-arm bandit (MAB), arm-acquiring bandit and restless bandit models to identify the best strategy for managing obsolescence in such instances wherein organizations have to deal with continuous technological evolution under uncertainty.

Capitalism and Cooperation: A Few Issues on Cooperative Institutions in a Developing Economy

Abstract: Cooperatives as organizational arrangements of collective economic activity can break up interlocked capital, labour and output markets in rural areas and alleviate poverty. The recent parallel law on cooperatives provides an opportunity to take a fresh look at this issue. We discuss some basic concepts while comparing different types of economic organization, and illustrate them with a few empirical examples to bring out the conditions under which cooperative arrangements can generate economic surplus and alleviate poverty. An interesting feature of the simple cooperatives we discuss is that perhaps they benefit only the poor and not those who are better off and have access to mainstream credit and markets.

Spot and futures markets – Scope for integration

Abstract: Since the reintroduction of commodity futures in India in the current form in 2002–2003 a lot of developments in technology and institutional arrangements have taken place. Futures markets aid in price discovery for future needs and also facilitate hedging. If one wants to facilitate risk management and the price discovery process, the spot and futures markets need to be properly integrated; only then can the hedging function work effectively. Questions about the level of integration of the spot and futures markets in India have existed since 2002–2003; this discussion attempts to better understand the level of integration of the markets.