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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
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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