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Product Description
Review
The professors who collaborated on this book have done their homework...Realistic appraisal...It is a persuasive analysis,for others to copy.
--Financial Times, April 1, 2010
This book will have a profound effect on western management in their home markets as well as for their drive into emerging markets. --Suite 101, 12 July 2010
With its in-depth analysis and research, this book offers valuable insights for all managers seeking to strengthen their organisation's performance. --Impact Executives, 10th August 2010
--Financial Times, April 1, 2010
This book will have a profound effect on western management in their home markets as well as for their drive into emerging markets. --Suite 101, 12 July 2010
With its in-depth analysis and research, this book offers valuable insights for all managers seeking to strengthen their organisation's performance. --Impact Executives, 10th August 2010
Product Description
Exploding growth. Soaring investment. Incoming talent waves. India's top companies are scoring remarkable successes on these fronts- and more.
How? Instead of adopting management practices that dominate Western businesses, they're applying fresh practices of their ownin strategy, leadership, talent, and organizational culture.
In The India Way, the Wharton School India Team unveils these companies' secrets. Drawing on interviews with leaders of India's largest firms including Mukesh Ambani of Reliance Industries, Narayana Murthy of Infosys Technologies, and Vineet Nayar of HCL Technologies the authors identify what Indian managers do differently, including:
- Looking beyond stockholders' interests to public mission and national purpose
- Drawing on improvisation, adaptation, and resilience to overcome endless hurdles
- Identifying products and services of compelling value to customers
- Investing in talent and building a stirring culture
The authors explain how these innovations work within Indian companies, identifying those likely to remain indigenous and those that can be adapted to the Western context.
With its in-depth analysis and research, The India Way offers valuable insights for all managers seeking to strengthen their organization?s performance.
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Customer Reviews
Most Helpful Customer Reviews
Format:Hardcover|Amazon Verified Purchase
Sorry, but I have to say I was very disappointed with this book. Many of the management characteristics and practices described in the book as being `The India Way', and therefore innovative, are in fact common practices that have been or are being used currently throughout the world and for many centuries past too. I think the authors need a reality check they are `dressing up' something that really doesn't exist. I was hoping to discover something new in the book, I didn't find it; all I found was the usual management, leadership best practice mantras regurgitated. `Jugaad', which the authors seem to get so excited about, has been employed all over the world for centuries, it's what people do. Innovation, leadership, governance, employee engagement etc etc is nothing to do with `The India Way ' - some companies get it right and some don't no matter where they are in the world. This book just leads me to consider that actually there is no `India Way' - just the way of the world.
0 of 1 people found the following review helpful
Format:Hardcover
India's economic boom in the past 20 years has left many other nations enviously eyeing it as a new, forceful competitor. With growth rates greater than those of most developed countries, India has become a world-class industrial player, and its business leaders have become the "rock stars" of its industrial development. How did a country with few natural resources, a vastly diverse population and stifling bureaucracy do so well in such a short time? And what lessons can India teach the rest of the business world? Wharton School professors Peter Cappelli, Harbir Singh, Jitendra Singh and Michael Useem explore the drivers of India's explosive growth. Their conclusions - after interviewing more than 100 senior executives from among the nation's 150 largest companies - are that several of India's success factors, despite being tempered in conditions specific to that country, can form the foundation of a new business model for the developed world. The authors offer compelling case studies and well-researched profiles of companies and entrepreneurs who are taking on the challenges of building their businesses and assuming leadership roles in India's political life. If you wonder how global businesses will adapt in the 21st century, getAbstract proposes that this book is vital to your understanding of a new way forward.
Most Helpful Customer Reviews on Amazon.com (beta)
Amazon.com:
7 reviews
2 of 2 people found the following review helpful
Compelling case for Indian management style
12 July 2010
Format:Hardcover
India's economic boom in the past 20 years has left many other nations enviously eyeing it as a new, forceful competitor. With growth rates greater than those of most developed countries, India has become a world-class industrial player, and its business leaders have become the "rock stars" of its industrial development. How did a country with few natural resources, a vastly diverse population and stifling bureaucracy do so well in such a short time? And what lessons can India teach the rest of the business world? Wharton School professors Peter Cappelli, Harbir Singh, Jitendra Singh and Michael Useem explore the drivers of India's explosive growth. Their conclusions - after interviewing more than 100 senior executives from among the nation's 150 largest companies - are that several of India's success factors, despite being tempered in conditions specific to that country, can form the foundation of a new business model for the developed world. The authors offer compelling case studies and well-researched profiles of companies and entrepreneurs who are taking on the challenges of building their businesses and assuming leadership roles in India's political life. If you wonder how global businesses will adapt in the 21st century, getAbstract proposes that this book is vital to your understanding of a new way forward.
17 of 24 people found the following review helpful
Reality suspended
22 Dec 2010
Format:Hardcover
This book veers away from reality into fantasyland and depicts a country that is not India. Indian business is run in a conglomerate fashion, where big name industrialists control majority of natural resources and have the political clout to twist the arm of the government to make policies that favor them. The workers at these conglomerates are treated as they are, because there is purpose - they create the wealth that the industrialists enjoy. So they throw a few bones at their workers, while they enjoy the meat! The workers at these companies are means to an end (the end being the billions that the industrialists are worth - check the Forbes richest if you don't believe me). The only objective of these billionaires is to loot the country and enrich themselves in the process. Contrary to what the authors suggest, they are in no way involved in nation building!
The authors, being foreign - though of Indian origin, are making their assessments from the perch on the ivory tower and have no idea of what the reality of the common man is. They seem to be mesmerized by the sheer wealth of our industrialists and shower them with enough compliments to make them blush! Of course, they interviewed all these men in person and any bad remark would preclude granting of any future interviews! And, I fell for the book like many others; the book does have lot of forwards written by the industrialists themselves! (Now that should constitute some sort of conflict of interest)
The reality is summed up in this paragraph: The workers in these firms are like any other; they treat their employees well and make sure that they get the maximum work of them. They are not granted any stock options or ownership stake in companies (which would of course dilute the promoter's stake!), they are given living quarters (like the communists used to!), told exactly what to do (and not think too much). They are treated like babies who can never get away from their doting parents - never to be independent or self-sufficient again! They are the sole cause of why some of the best brains in India are not entrepreneurial and instead work for these conglomerates - that promises to take care of them from the time their graduation to their grave!
The authors, being foreign - though of Indian origin, are making their assessments from the perch on the ivory tower and have no idea of what the reality of the common man is. They seem to be mesmerized by the sheer wealth of our industrialists and shower them with enough compliments to make them blush! Of course, they interviewed all these men in person and any bad remark would preclude granting of any future interviews! And, I fell for the book like many others; the book does have lot of forwards written by the industrialists themselves! (Now that should constitute some sort of conflict of interest)
The reality is summed up in this paragraph: The workers in these firms are like any other; they treat their employees well and make sure that they get the maximum work of them. They are not granted any stock options or ownership stake in companies (which would of course dilute the promoter's stake!), they are given living quarters (like the communists used to!), told exactly what to do (and not think too much). They are treated like babies who can never get away from their doting parents - never to be independent or self-sufficient again! They are the sole cause of why some of the best brains in India are not entrepreneurial and instead work for these conglomerates - that promises to take care of them from the time their graduation to their grave!
2 of 3 people found the following review helpful
Indian Culture guiding top management in creating the India way
21 July 2010
Format:Hardcover
One amazing fact I found about India's business leaders is the novel concept of putting your employees before your customers. Indian business leaders are creating new paradigms in management approaches and corporate governance. The role of Indian culture in management is simply fascinating. Fulfilling social responsibility, maintaing great corporate culture and setting long term strategy are bigger drivers than maximizing shareholder wealth for India's top management. Good financial results are merely the by-product of good governance...This is the underlying mantra and this is the India Way and it will shape the future of business in this century. Must read for everyone who is in management
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