MANAGEMENT
Leading Emergent Innovation
-- Gary Oster
Emergent innovation is a new paradigm which seeks out, recognizes, and helps promote useful
innovation methodologies already at work in the organization. To promote emergent innovation, leadership must
utilize trusted intermediaries to seek and uncover existing invisible corporate innovators, share successful
innovation methodologies with other employees, and clear away the corporate impediments that initially drove
the innovator underground. Emergent innovation seeks to uncover and extend small wins, and finite,
complete, implemented innovations, which may ultimately attract internal allies, deter opponents, and motivate
further innovation in the organization.
© 2009 IUP . All Rights Reserved.
MANAGEMENT
Innovation: Key to Organizational Survival
-- Subhash B and Uma Shyam Raju
The hectic business landscape of the early 21st century emphasizes that success in this competitive
environment begins with the creation of new ideas—creativity—and their culmination in the application of ideas,
process, products, and services that create value for the customer. Hence, organizations globally are adopting
technical and research-oriented education systems as a step towards succeeding in a competitive world. The
article focuses on the importance of innovation and its implementation in the organizations.
© 2009 IUP . All Rights Reserved.
MARKETING STRATEGY
Whole Foods Market: Creating a Community of Purpose
-- Swarup Kumar Dutta
Whole foods market is well-known for redefining employee-oriented work practices and
team-based operations, which have been the main drivers of its growth. It is one of the very few companies that put
ideals into practice and shows commitment to pursue its vision. The article examines the unique practices of
the market's work culture and how it has helped to create a source of competitive advantage for the company.
By creating a high trust organization it has created a sense of purpose for which a community of people
work together to make a difference. The management model is based on the value of empowerment that it gives to
its employees.
© 2009 IUP . All Rights Reserved.
ECONOMY
Global Economic Crisis: Bane or Boon?
-- GRC Nair
The present global economic crisis has affected most of the countries and organizations in varying
degrees. While finding ways to tide over the problems faced, organizations should not merely stick to the beaten path
of cost-cutting alone. The article suggests that they should exploit the opportunities inherently present in the
crisis itself, rather than finding short-term quick fix solutions, like downsizing and taking stringent expenditure
control measures. They should take a long-term perspective, keeping an eye on the possible prospects after the crisis
as well. Leaders must set examples in trying times and use their creativity to emerge as crisis heroes, the
article concludes.
© 2009 IUP. All Rights Reserved.
BANKING
Is India Going the Subprime Way?: A Lesson to be Learnt
-- Subir Sen
Deemed as the biggest economic bubble since the Great Depression of 1928, today the subprime crisis
has spread its tentacles and gripped both sides of the Atlantic. Until the crisis manifested itself so menacingly,
there were apparently no checks and balances to rein in practices that later proved disastrously wrong. While
the CEOs assuming responsibility is understandable, it is surprising how the rest of the top management
have escaped scrutiny, at least so far. As the crisis rolls on engulfing the broader credit market, there are
definite indications that it has acquired all the characteristics of a systemic spillover, calling for coordinated action by
the policy makers and top managers worldwide.
© 2009 IUP. All Rights Reserved.
COVER FEATURE
"Boswell Group offers
business leaders a psychological sounding board on their most
complex challenges"
-- Dr. Kerry J Sulkowicz
Kerry Sulkowicz, MD, is the founder and Managing Principal of the Boswell Group LLC, a consulting firm based in
New York. He advises CEOs, boards and investors on psychological aspects of leadership in complex organizations. A
psychiatrist and psychoanalyst by training, Dr. Sulkowicz helps companies with CEO succession, boardroom and senior team
dynamics, human capital due diligence for investors, high-stakes hiring assessments, the psychology of negotiation strategy and
the financial markets. He also advises large family-owned enterprises in the US and abroad. Dr. Sulkowicz has an AB
from Harvard and a MD from the University of Texas. He is a Clinical Professor of Psychiatry at NYU School of
Medicine, where he received the Distinguished Teacher Award.
© 2009 IUP . All Rights Reserved.
CASE STUDY
Tesco's Corporate Social Responsibility Initiatives
-- Muthukumar R
Corporate Social Responsibility (CSR), started initially as a voluntary initiative in some companies, later caught
on with the corporate world over the last few decades. CSR has become a standard best practice as per
few countries' corporate governance codes. Many other countries are contemplating inclusion of CSR initiatives as
a standard corporate governance practice. It has become a competitive necessity rather than a nicety, as once
it used to be. The companies saw the benefit and the stakeholders appreciated the initiatives. The
intriguing question here is – why should a retailer support CSR initiatives blowing up millions of pounds? Companies
have to work harder to maintain their reputation and the growth environment in which they do business. This
case study broadly addresses this issue taking Tesco, UK's top retailer as an illustration.
© 2008 IRC . All Rights Reserved.
SHORT BOOK REVIEW
Workplace Ethics: Perspectives and Challenges
-- Editor: Sumathi Reddy
A subject such as ethics does not have any clear-cut right or wrong answers. No wonder, most of us are uncomfortable dealing with ethical issues. We wish for right to be done to us, but usually do not give a deep thought to the wrong, whether intentional or unintentional, that we do to others. With the globalization of businesses, leaders have to think through their modes of operation and their policies to equip themselves to deal with ethical issues, which are universal in nature but take on different hues in different contexts. Ignoring ethical issues or ineffective handling can have detrimental effects on the business, which will ultimately erode the bottom line.
BOOK REVIEW
Governing Global Derivatives: Challenges and Risks
-- Author: Chiara Oldani Reviewed by Paolo Savona
Governing Global Derivatives analyzes the role of the most important financial innovation of the last
two decades in a global dimension. The evolution of derivatives, especially over-the-counter, and the possibility
of managing risks tailored to customers' needs, are the basic ingredients for the success of derivatives. This
book focuses on the role of derivatives from a macroeconomic point of view, considering how monetary and
fiscal policy, investment and the growth process are affected. It fills a gap by rethinking the way financial markets
are considered in the macro economy and the transmission mechanism of their impulses.
© 2008 Chiara Oldani. All Rights Reserved. IUP holds the copyright for the review.
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