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In a Pandemic, What’s the Best Strategy for the Global Vaccine Alliance?

Re: Tarun Khanna

How should the vaccine alliance Gavi respond to the worldwide need for a cure for the COVID-19 pandemic? Tarun Khanna discusses his case study. Open for comment; Comment(s) posted.

Food Security and Human Mobility During the Covid-19 Lockdown

by Prithwiraj Choudhury, Wesley W. Koo, Xina Li, Nishant Kishore, Satchit Balsari, and Tarun Khanna

COVID-19 represents not only a health crisis but a crisis of food insecurity and starvation for migrants. Central governments should ensure that food security policies are implemented effectively and engage with local governments and local stakeholders to distribute food to migrants in the immediate term.

Crowdsourcing Memories: Mixed Methods Research by Cultural Insiders-Epistemological Outsiders

by Tarun Khanna, Karim R. Lakhani, Shubhangi Bhadada, Nabil Khan, Saba Kohli Davé, Rasim Alam, and Meena Hewett

Research on the traumatic 1947 partition of British India has most often been carried out by scholars in the humanities and qualitative social sciences. This article presents mixed methods research and analysis to explore tensions within current scholarship and to inspire new understandings of the Partition, and more generally, mass migrations and displacement.

These Aren't Beach Books, but Managers Should Read Them Anyway

by Sean Silverthorne

As you contemplate your summer reading, consider these recent books from Harvard Business School management scholars that can boost your career and improve on-the-ground management skills. Open for comment; Comment(s) posted.

The Unconventional Capitalism That Shapes Business History

by Geoffrey G. Jones

Geoffrey G. Jones reports on a business history conference studying the many shades of capitalism around the world and through time. Open for comment; Comment(s) posted.

Shifting Centers of Gravity: Host Country versus Headquarters Influences on MNC Subsidiary Knowledge Inheritance

by Prithwiraj Choudhury, Mike Horia Teodorescu, and Tarun Khanna

This study compares how multinational corporation subsidiaries inherit knowledge from both the headquarters and the local context. To do so the authors analyzed seven years of data (2005–2011) of US patents filed by all subsidiaries of the top 25 US headquartered multinationals.

Why Entrepreneurs Must Focus on Building Trust

by Dina Gerdeman

Legal and social institutions that support entrepreneurs often aren't well established in developing countries. Tarun Khanna's new book explains how businesses can make up for that by building trust. Open for comment; Comment(s) posted.

What We've Learned from 101 Entrepreneurs in Emerging Markets

by Sean Silverthorne

Harvard Business School’s project exploring the evolution of business leadership in emerging economies has reached an important milestone. Project leaders Geoffrey Jones and Tarun Khanna discuss what's been learned from the Creating Emerging Markets study so far. Open for comment; Comment(s) posted.

First Look at New Research, March 28

Sean Silverthorne

Countering misperceptions about negotiation 'BATNAs' ... A dairy cooperative’s battle with big brands ... 'Hub-and-spoke' flying versus 'out-and-back.'

Reputation is Vital to Survival in Turbulent Markets

by Sean Silverthorne

Reputation and resilience are key ingredients that determine whether companies will survive tumultuous markets, according to a new paper by Geoffrey Jones, Tarun Khanna, Cheng Gao, and Tiona Zuzul. Open for comment; Comment(s) posted.

Overcoming Institutional Voids: A Reputation-Based View of Long Run Survival

by Cheng Gao, Tiona Zuzul, Geoffrey Jones, and Tarun Khanna

Why are some firms able to persistently survive challenging, uncertain, and underdeveloped business environments? To address this question, the authors utilize the HBS Creating Emerging Markets project―a novel collection of in-depth, publicly available video interviews conducted by HBS researchers with leaders of emerging market firms that have survived over decades and even centuries. Analyzing these interviews for the first time, the authors theorize that firm reputation is a key strategic driver, and outline how a favorable reputation allows a firm to more fully utilize its existing resources by decreasing uncertainty. They also show that reputation has offensive and defensive properties that make it valuable during both positive and negative economic cycles. Finally, the authors propose new ideas about how reputation facilitates survival and discuss why a reputation-based source of competitive advantage is hard to imitate.

First Look at New Research: January 17

Sean Silverthorne

Should sales people be rewarded daily? ... How do firms survive long term in emerging markets? ... Entrepreneurs try to improve the mattress-buying experience.

Building Affordable Health Care in Paradise

Re: Tarun Khanna

By some accounts, only about 5 percent of people worldwide receive cardiac treatment they need to survive. Professor Tarun Khanna highlights the need for affordable health care at scale, and a possible model based on factory-like repetition and learning in the Cayman Islands. Open for comment; Comment(s) posted.

Research Trends Discussed at India and South Asia Conference

by Dina Gerdeman

Harvard Business School recently brought together scholars to discuss the business history and current research trends in India and South Asia. Open for comment; Comment(s) posted.

Bio-Piracy: When Western Firms Usurp Eastern Medicine

by Carmen Nobel

Raj Choudhury and Tarun Khanna examine the history of herbal patent applications, challenging a stereotype that characterizes Western firms as innovators and emerging markets as imitators. Open for comment; 3 Comment(s) posted.

Just How Independent are ‘Independent’ Directors?

by Michael Blanding

A rule in China, which mandates publicly-traded company directors to explain their dissenting votes, provides Tarun Khanna and Juan Ma with rich data looking into the inner workings of how board members interact. Closed for comment; 1 Comment(s) posted.

Behind India’s Economic and Political Woes

by Zeenat Potia

Declining value of the rupee and soaring prices for onions are just two of the problems plaguing India. Professor Tarun Khanna explains the political and economic causes. Open for comment; 7 Comment(s) posted.

Sharpening Your Skills: Meeting Management Challenges in India

Re: Multiple Faculty

We revisit four articles where India and its managers confronted problems and seized opportunities on the topics of big data, branding, intellectual property protection, and creating a new-product category. Closed for comment; 0 Comment(s) posted.

A Roadmap for Afghanistan’s Economic Future

by Tarun Khanna

Most discussions about the immediate future of Afghanistan center on security. A consideration just as important, says Professor Tarun Khanna, is rebuilding the embattled country's economy. Closed for comment; 3 Comment(s) posted.

Board Games: Timing of Independent Directors’ Dissent in China

by Juan Ma & Tarun Khanna

Independent directors are an integral part of corporate governance. Despite the copious scholarly debates surrounding board independence, however, little progress has been made in studying the inner workings of public boards. Fortunately, the regulatory environment in China offers a rare window to observe the inner workings of independent directors. This paper is one of the first statistical investigations of the circumstances under which so-called "independent" directors voice their independent views. The authors explore the following questions: 1) Why do independent directors dissent? 2) Under which circumstances is an independent director more likely to issue an open dissent? and 3) Does dissent matter sufficiently to affect independent directors' careers and firm performance? Unlike most of the previous models that view boards as a monolithic entity that "shares a common agenda on all matters," this study allows the authors to see boards as consisting of individuals with different utility functions and to examine board behaviors at the individual director level. Key concepts include: Independent directors dissent more when social connections that might hold back a dissent is less constraining on one hand, and when firms have poor performance that might impose threats to independent directors' personal reputations on the other hand. Boards can be reconceptualized: not as monolithic checks on managerial actions, but as social institutions with emergent norms, and sanctions and rewards to (non-)compliance on occasion. The labor market not only rewards independent directors for their superior decision making expertise, but also punishes those who openly challenged listed companies' management teams. For Chinese independent directors, this work suggests an inescapable dilemma whereby the Confucian doctrine of Golden Mean is the only survival guide. That is, independent directors must ensure that their relationships with listed companies are conducted on an open and mutually advantageous basis. On one hand, independent directors need to build a good public reputation for being an active monitor, and on the other hand, they need to establish a good "private" reputation for being friendly with the controlling shareholders and top management. Closed for comment; 0 Comment(s) posted.