India+the+Knowledge+Capital (1)

8/3/2019 India+the+Knowledge+Capital (1)

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Copyright President & Fellows of Harvard College.

Anjali Raina, Executive Director,28 August 2008

Harvard Business School India Research Center

INDIA: THE KNOWLEDGE CAPITAL


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Wall Streets losses are fast

becoming Indias gain

Knowledge process outsourcing (off-shoring or high-value outsourcing):

From back-office to data-intensive jobs

Investment research, industry analysis, statistical analysis

Goldman Sachs (100 people) Morgan Stanley (500 people)

JPMorgan (300 people)

Citibank etc.


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Can India Climb up the Food Chain?

Move to more sophisticated jobs e.g., creation of derivative products,

quantitative trading models, sales jobs from the trading floors?

Back office

Middle office

Front line

Hours intensive jobs traditionally doneby fresh business school graduates research associates and juniorbankers - paid in the low to mid sixfigures


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Integrating into the Global Collective Intelligence

WEB TECHNOLOGIES

& SOCIAL MEDIA

1. Share information2. Solve complex problems3. Address inter-disciplinary issues

NETWORKINGKNOWLEDGE

COMMONS

COMMONS Systems of commonly managed resources Concerted Public-private action vs Ad-hoc private initiatives


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Harvard Business School (HBS)The Global Initiative

Promote a truly inclusive and mutually beneficial global information

society.

Integration into a global program to support Academia: Faculty research Corporate: Executive education Students: Immersion programs

A global business information commons: Europe (Copenhagen Business School)


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Implementing the Global Initiative

Harvard

Business

School

Global Database onInternational Business

Knowledge and Library ServiceKnowledge managementCreation, Use, & Presentation

Global Research and Education Centerse.g., IRC, Executive Education

Global Connectivity Through Collective KnowledgeLibrarians, web developers, information managers,

publishing at key universities, etc.


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Moving from a Back Office to a Knowledge Engine

HBS

How Can We Create a Knowledge Commons for Indian Professionals?


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HBSs India Initiative: Building Gateways to Knowledge

Integration of thoughts and interests of Indian academics and

businesses with the Global Business Information Commons

Academic relationships:

Network of leading B-schools in India Faculty research new trends Students Libraries and information services

Business relationships: Unique collection of in-house materials Business archives CMIE, ISI, Media companies (online and offline)


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Assessing Indias Potential and Strength

Areas for Promoting Thought Leadership

Inspiring VisionariesHomi Bhabha, Vikram Sarabhai,Jawaharlal Nehru, J.R.D Tata,Mother Theresa

Government as a support system,

not controller

What makes India work?

What will make India work better?


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Indias Institutional Framework

The Steel Spine: Lal Bahadur Shastri National Academy of Administration, Border Roads

Organization, Supreme Court, National Defense Academy (600 cadets per year),National Stock Exchange, Mother Dairy, Indian Military Academy

The Fundamentals: IIT (1:85; 7+9), IIM (1:192; 7+6), NIFT, NID

The Scientific Spirit: BARC, ISI, National Dairy Research Institute, ISRO

The Health Effect: AIIMS, Sankara Nethralaya,

The Cultural Core: Formerly Prince of Wales Museum, National museum, National Archives,

JJ School of Art, NSD, Prithvi, NCPA

Building on thesepockets of excellenceand innovation.


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Forging Ahead

The actual quality and relevance of information is determined not by who

owns it but by its value for collective problem-solving.

Standing on the shoulders of our existing institutions.

Different ways of thinking about information.

Building bridges and networks

Academia and Corporate India and the rest of the world

Creating rules of engagement and governance.

India: The Knowledge Capital Networked knowledge commons forsolving complex, interdisciplinary problems

India: The Knowledge Capital Networked knowledge commons forsolving complex, interdisciplinary problems


12/13Copyright President & Fellows of Harvard College.

Thank you


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Sources

New York Times (August 12, 2008), Cost-Cutting in New York, but a Boom in India by Heather Timmons

http://www.nytimes.com/2008/08/12/business/worldbusiness/12indiawall.html?_r=2&em&oref=slogin&oref=slogin

The Economist (August 2, 2008), Commons Sense.

India Today (August 25, 2008), Indias finest: Institutions that makes the Nation Work.

Harvard Business School Internal Documents
http://www.nytimes.com/2008/08/12/business/worldbusiness/12indiawall.html?_r=2&em&oref=slogin&oref=sloginhttp://www.nytimes.com/2008/08/12/business/worldbusiness/12indiawall.html?_r=2&em&oref=slogin&oref=slogin