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Monday, May 2, 2011

The India way : how India's top business leaders are revolutionizing management

View full image by Cappelli, Singh, Singh, and UseemIn this well-written book, Cappelli and his coauthors (all Wharton School business management professors) provide strong documentation, based on interviews with more than 100 business executives, for their claim that business management practices in India differ significantly from those in the West, especially the US. They report that Indian companies deemphasize shareholders and quarterly profits and describe and analyze special management practices of Indian businesses with respect to human resources and social responsibility. They discuss the "five pillars" that characterize Indian firms and drive competitive advantages, which focus on values and vision, resilience and adaptability, holistic engagement with employees, the creation of strong value, and the creation of culture. Three appendixes present economic growth statistics, interview and survey methods and details, and information on India's cultural roots and consequences. Given India's position as one of the fastest growing economies, this is a valuable book for business professionals interested in doing business in India and a useful resource for academics studying Indian business practices or international business more broadly. Includes chapter notes. --Choice (Check catalog)