From Jack Welch to the Korea bourse, Coca Cola’s
aborted Brazil plans and the TCS phenomenon, Dibeyendu
Ganguly sits in on Harvard’s Indian-focused advanced
management programme.
As a teaching team, they’re the perfect triumvirate.
The stern, serious Krishna Palepu, whose classes
everyone took care to prepare well for. The jovial,
easygoing Das Narayandas, whose tongue in cheek
humour brought a dose of entertainment to the
learning process. And the intense, passionate
Nitin Nohria, whose flair for the dramatic brought
every case study to life.
The three Harvard Business School (HBS) dons
each had a role to play at the Advanced Management
Programme organised by the All India Management
Association (AIMA) and the Tata group last month,
and they pulled it off with practiced aplomb.
From the high energy case discussions in the classroom
to the informal conversations over cocktails and
dinner, the trio made quite a few fans among the
80 top executives attending the programme. And
created some enduring brand equity for the HBS
method of executive education in the process.
Customised for India, the programme designed
by the HBS faculty was built around the themes
of developing competitive advantage, leading change
and creating customer value. Beginning with a
comprehensive study of GE’s two-decade transformation
under Jack Welch, the 15 cases taught during the
course of the programme had a global sweep.
These included the Korea Stock Exchange in the
aftermath of the currency crisis, Scandinavian
Airlines at the cross-roads, strategy choices
before Argentina’s Zucamore after the economy
was opened up to global competition and the problems
of Germany’s FAG Kugelfischer after it patriotically
bought up several east German beating manufacturing
plants, post unification. The dilemmas faced by
these companies are recognisable to Indian executives—
ranging from the problem of surplus labour in
a culture where retrenchment is taboo to the issue
of corporate governance in an environment where
the stock markets are not yet the arbitrators
of value.
And there were some classic American case studies,
like the remarkable competitive strategy of Dell
Computers, customer loyalty programmes at Hilton
Hotels, the difficult situation created by a fiery
young broker named Rob Parson at Morgan Stanley
and most entertaining of all, Coca Cola’s aborted
idea of vary-prices at vending machines in Brazil
according to ambient temperature. The programme
ended with a case study of our very own TCS, written
by HBS professor Robert E Kennedy, meant to give
insights into the Indian IT phenomenon and explore
the growth options before CEO S Ramadorai in 1999.
Many of the case studies were accompanied by
videos— such as Jack Welch speaking at HBS during
different periods of his reign and SAS CEO Jan
Carlzon explaining the issues crucial to the airline
industry ahead of his remake of the airline. Some
of the videos simply told the story of what actually
happened in these companies after the case was
written. Which served to validate— or sometimes,
invalidate— the classroom discussion that had
gone before.
Despite the gruelling 12-hour schedule— and that
excludes the individual case preparation time—
the participant’s unanimous feedback during the
concluding session was that they had been ‘delighted’
by the experience (an oft-used marketing expression
picked up in the course of the programme).
For AIMA senior VP, R Gopalakrishnan, who’s also
executive director at Tata Sons, the success of
the programme was a coup of sorts. Led by Noel
Tata, 40 top executives of the Tata group attended
the six-day programme at the Tata Management Training
Centre in Pune. And for the AIMA, this globalised
Advanced Managed Programme, made for a quantum
jump in quality over previous years. The fee was
Rs 2 lakh per participant, arguably a record for
a management programme conducted in India, but
that didn’t deter a diverse range of corporates
from sponsoring their star executives to the programme.
These included ACC, Hindustan Lever, Britannia,
ITC, Castrol, DCM, Thermax, Ranbaxy, Eicher, Crompton
Greaves, Indal, Maruti as well as public sector
majors like HPCL, Bhel and NMDC. Also in attendance
were entrepreneur CEOs of upcoming private companies
like Gala Equipments and SBM Chemicals from Mumbai
and Kshema Technologies from Bangalore.
For the trio from HBS, it was a harbinger of
more such programmes planned for the years ahead.
With research into emerging markets now in vogue
in American business schools, such programmes
actually offer the HBS faculty a great opportunity
to interface with the Indian economy. It has the
makings of a symbiotic relationship and it shouldn’t
be long before more Indian corporates start featuring
in HBS case studies.