Discontinuity in the Environment, Firm Response and Dynamic Capabilities

This paper identifies and focuses on a specific type of environmental development called discontinuity. Discontinuities in the forms of rapid technological innovations, regulatory reforms, institutional overhauls, and socio-cultural developments are the source of opportunities and threats to the firm. Firm responds to these discontinuities in specific ways in sustaining its existence at different points of time. This paper conceptualizes discontinuity and identifies its natures; explores the possible types of responses by the firm, and their enablers. The capability of sensing, seizing and re-shaping are captured to establish the linkages in the framework of interrelations. It posits a set of propositions based on conceptual development and illustration of two cases.

Links in the Knowledge Journey of an Idea to Innovation: A Study in the Context of Development of Customized Cartons

This paper identifies and analyses the links in the knowledge journey of an idea to innovation. It tracks the links in the development of customized cartons for packaging tomatoes. The trigger points for the innovation, the milestones crossed by the innovator, the interaction with agencies and actors in the environment, the interests and responses of the agencies and the actors, and the final outcomes were identified. Based on analysis, it conceptualises a model of knowledge journey and develops suggestions for innovators and innovation associates. The suggestions are in the areas of responding to innovation triggering points, learning and leveraging on what is possible and happening, adapting to the constraints of the innovation associates and building flexible systems and structures.

Motivations, Capability Handicaps and Firm Responses in the Early Phase of Internationalization from Emerging Economies: A study in the Indian Pharmaceutical Industry

This paper identifies and analyses the motivations, capability handicaps and responses of a sample of Indian pharmaceutical firms in the early phase of internationalization. It distinguishes between the experiences of two types of internationalisers –initial internationalisers and later internationalisers - in the industry. It argues that the initial internationalisers face several discontinuities vis-a-vis the experience of meeting the needs of domestic market. They need to cultivate new capabilities by leveraging on whatever is available within the firms and the external environment. Their capability to cultivate depends on their internal processes to absorb the new experiences. The later internationalisers do not experience these handicaps. They can benefit from the industry experience and congregate capabilities to move faster. Their capability to congregate depends on the initial endowments of the founders. Based on its findings, the paper outlines scope for further research in capability building for internationalization in the context of emerging economies.

Decision Sheet and Learning Diary: New Tools for Improved Learning Through the Case Method

Of the three phases of learning through the case method, instructors have focused on the in-class phase in training of both teachers and participants. The other two phases, pre-class preparation and post class-reflection, have not received much attention leading to lack of exploitation of the full learning potential from the method. This paper shares continued efforts to conceptualize and develop two tools, decision sheet and learning diary, to strengthen the two phases. These were designed and tested in three executive development programmes. The results and our reflections suggest that the tools enhance the process of learning and the learning itself.

Targeted Export Promotion with Several Oligopolistic Industries

In this paper we ask whether a policy of targeted export promotion can raise domestic welfare when several oligopolistic industries all draw on the same scarce factor of production. Our point of departure is one of Cournot duopoly in which a single home firm competes with a single foreign firm in a market outside the horse country. It has been shown previously that when there is only one such industry in an otherwise perfectly competitive world economy, a subsidy policy by the home government transfers profits to the domestic firm, and thereby raises domestic welfare. However,when many such industries (and only these) utilize the same inelastically supplied resource, promotion of one bids up the return to the specific factor, and consequently disadvantages all of the non-targeted industries in their respective duopolistic competitions. Our question then is which industry(s), if any, is worthy of promotion. We find that, when the specific factor is used in fixed proportion to output, and all of the duopolies have similar demand and cost conditions, a policy of free trade is optimal. We identify the conditions for welfare improvement when a single industry is selected for targeting under asymmetric conditions, and also investigate whether a uniform subsidy to all industries in the imperfectly competitive sector will raise domestic welfare.

STATE TRADING IN AGRICULTURE: AN ANALYTICAL FRAMEWORK

This paper highlights some of the recent concerns regarding agricultural state trading enterprises (STEs) and proposes an analytical framework to examine the trade impacts of such entities. Issues associated with discriminatory pricing, exclusive rights to sell and purchase commodities, and unfair competitive advantage vis-a-vis private traders are expected to be major concerns on the export side, while on the import side, the relevance of tariffication in the presence of STEs is being questioned. Our paper proposes that, in most instances, tariff equivalents are the most relevant methodology to quantify the trade impacts of agricultural STEs. But, obtaining empirical information that would enable the calculation of such measures is not an easy task. To that end, a classification scheme that highlights the different types of STEs in terms of their ability to distort trade is proposed. Quantification can then focus on those most likely to impact trade.International Relations/Trade,