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Jugaad Innovation: Think Frugal, Be Flexible, Generate Breakthrough Growth

By Navi Radjou, Jaideep Prabhu & Simone Ahuja

Jugaad is a Hindi word that roughly translates as “overcoming harsh constraints by improvising an effective solution using limited resources”. Jugaad innovation is a powerful approach to innovation that is most active in emerging markets such as India. It has the benefits of being frugal, i.e. enabling innovators to do more with less. Further, it is flexible, supporting improvisation and iteration, and it is inclusive or democratic, bringing in the knowledge of diverse swaths of customers and employees alike while addressing the needs of previously marginalized consumers. Similar to frugal innovation, we found through our research that jugaad innovation is becoming increasingly active in the West, where it complements the structured approach to innovation to deliver the agility, speed and efficiency that is so crucial in today’s complex economic environment.

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Leadership By Example: The Ten Key Principles of All Great Leaders

By Sanjiv Chopra & David Fisher

If I ask you to conjure up images of exemplary leaders and great leadership moments, from the pages of history or from contemporary times, who comes to mind?

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The Mindful Manager

By Peter Lenney

“Management is, above all, a practice where art, science, and craft meet.” This statement, from Henry Mintzberg, encapsulates the premise behind being a ‘mindful manager’ – a phrase which is gaining popular currency, but one that has been the focus of the MBA programme at Lancaster University Management School, since 2006.

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Transfer Pricing Update: New discussion draft issued by OECD

By Les Secular

The OECD has issued an updated Discussion Draft on “The Interpretation and Application of Article Permanent Establishments (‘PE’) – of the OECD Model Tax Convention”. This latest Draft follows consultations on its previous draft issued in October 2011.

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Rebuilding Retirement System Resiliency in the Wake of the Financial Crisis

By Raimond Maurer, Olivia S. Mitchell & Mark Warshawsky

The global financial meltdown has had important repercussions for capital market returns, labor market earnings, household retirement and consumption patterns, old-age Social Security systems, and pension plan resilience. Both defined benefit (DB) and defined contribution (DC) plans have been shaken by the recent economic shocks. Stakeholders have gained a new appreciation of the need to identify, mitigate, and finance risk faced by beneficiaries, plan sponsors, and other players in the retirement finance field, including government. In the future, improved understanding of risk is essential – and as the financial and economic collapse now confirms, risk will always play a part in retirement planning. Our new conference volume entitled Reshaping Retirement Security: Lessons from the Global Financial Crisis summarizes the lessons learned by practitioners, academics, and policy analysts who explore how retirement planning and long-term financial security have changed following the crisis.1

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China’s Global Tectonic Shifts: The Dawn of a New Era

By Jean-Pierre Lehmann

China has new political leadership. The newness of the new era, however, is by no means limited to the new leadership. The new era reflects a number of fundamental shifts taking place and arising challenges in China’s economic, social, ecological, demographic, political and geopolitical landscape. All of these will obviously have a profound impact on the rest of the world. In describing the transformative forces of these shifts and their consequences, the article first takes a historical perspective in identifying China’s position in and view of the outside world. Whereas the first and second tectonic shifts of isolation and subsequently exploitation spanned several centuries, the last two have been occurring with great speed. From having rejected globalisation in the past, China has come to embrace it, with monumental consequences for China’s 1.4 billion people and for the remaining 5.6 billion citizens of this planet.

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November – December 2012


Global Business
Global Enterprise 2020 – A Blueprint
Anil K. Gupta & Haiyan Wang

Century Champions
Christian Stadler


Leadership
Leadership By Example: The Ten Key Principles of All Great Leaders
Sanjiv Chopra & David Fisher

The Mindful Manager
Peter Lenney


Strategy
How Corporations Co-Opt Compassion: Compliance, Cause-Related Marketing, and Corporate Social Responsibility
Mara Einstein

Cultural Fitness for Business Process Management: What is it and what is it worth?
Theresa Schmiedel, Jan vom Brocke & Jan Recker

 

Finance
Rebuilding Retirement System Resiliency in the Wake of the Financial Crisis
Raimond Maurer, Olivia S. Mitchell, & Mark Warshawsky

Transfer pricing update: New discussion draft issued by OECD
Les Secular

Global Rebalancing 2.0
Linda Lim & Ronald U. Mendoza

Sustainability
The New Developmentalism: How the Long-Term Shifts to an Asia-Centered, Low-Carbon Global Economy Are Connected
David J. Hess

Climate Finance in the Age of Green Growth
Yongfu Huang & Jingjing He

Social Banking and Social Finance: Building Stones Towards A Sustainable Post-Crisis Financial System?
Roland Benedikter

 

Middle East
The Impact of the Arab Spring on the Energy Sector: Opportunities and Risks Fred Stahl
Gawdat Bahgat

 

China/Asia
China’s Global Tectonic Shifts: The Dawn of a New EraJean-Pierre Lehmann
Jean-Pierre Lehmann

What the End of Cheap China Means for the Rest of the World
Shaun Rein

Jugaad Innovation: Think Frugal, Be Flexible, Generate Breakthrough Growth
Navi Radjou, Jaideep Prabhu & Simone Ahuja

Paisa Vasool : How to Captivate the Newly Affluent in China and India
Michael J. Silverstein, Abheek Singhi, Carol Liao & David Michael

Not Just Talk

By Boris Groysberg & Michael Slind

A new source of organizational power has come to the fore. Our term for that power source is organizational conversation.#

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The Educated Middle Class, their Economic Prospects, and the Arab Spring

By Filipe R. Campante & Davin Chor

The recent uprisings in the Arab World carry a broader lesson, highlighting the importance of sustaining an economy that provides sufficient job opportunities for an increasingly educated and skilled middle class.

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The Crisis in the Eurozone

By Justin Yifu Lin & Volker Treichel

Four years after the beginning of the global financial crisis, the protracted sovereign debt crisis in the eurozone is a looming threat to the recovery of the world economy and could lead to a renewed global financial crisis. While fiscal profligacy on the part of periphery countries has been viewed by many analysts as the root of the ongoing crisis, this paper argues that the impact on capital flows within the eurozone of financial deregulation and liberalization and of the adoption of the common currency was critical in exacerbating a growing competitiveness gap between core and periphery countries and explaining the evolution of the crisis.

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CFO's new mandate. CFO explaining the presentation

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