Guest Lecture Abstract:
Since the study the Emerging Market Firms started in the early 1990s, the firms have shown new and amazing learning experiences for developed market firms in value creation. Our study found that EMFs especially high tech firms internationalization motive were technology seeking or efficiency seeking but progressively they moved to the high end of the value chain. Institutional environment in emerging markets act like an enabler for outward FDI in the context of country’s regulative void. The strategic intent of the top management team impacts the international expansion process. Intra and Inter-firm capabilities help in knowledge transfer in EMFs from host nation to home country, which in turn influences the internationalization process. The degree of internationalization depends upon the type of industry an emerging market firm belongs to. An emerging market firm’s learning capability would influence its process of internationalization. EMFs drove long term growth through the creation of sustainable revenue streams, cost leadership, business development and balance profitability & investments for future.
We have studied a high tech firm internationalization strategy. A high technology firm is defined “as a business enterprise operating on the border of economy and science, in the sector regarded as high technology and making products classified as high technology items. The company runs research and development activity and combines the features of an innovative and knowledge based company. It uses to a large extent modern information technology and is open to cooperation with the environment, creating various network connections and clusters with other organizations” (Zakrzewska-bielawska, 2010 PWC). The high-tech sector can also be defined as sectors where the higher numbers of employees are coming from Science, Technology, and Engineering & Mathematics (STEM) background (Wolf & Terrell, 2016). The firms of high-tech sectors can be from services or manufacturing area. Pharmaceutical Industry is one such industry that comes under the High tech industry. Over the years the Indian entrepreneurs dealing in pharmaceutical industry have shown exponential growth and have left their foot mark felt both in domestic and international markets. We will be presenting our research on How did Indian Pharma Firms path to International entrepreneurship.
Organizer of Guest Lecture – International Entrepreneurship Value Creation Through Ambidexterity – A case of Pharmaceuticals firms from India
Prof Prashant Salwan is Professor of Strategy and International Business at Indian Institute of Management Indore India. He is an alumnus of London School of Economics and Political Science UK and a British Chevening Scholar and a Fulbright Scholar. He has approximately twenty-three years of experience, out of which fifteen years in academics and eight years in industry. He has PhD (Technology Management and Strategy), two post graduate degrees in Management and International trade. He has been educated and trained at University of Pune, London School of Economics and Political Science, UK, Harvard Business School, University of Michigan – Ross School of Management, IIM Bangalore and IIM Calcutta. He has also undergone training in leadership for higher education institutes in University of Illinois at Urbana Champaign.
Dr. Salwan’s current research interests include: Reinventing Business Models, Countries competitiveness, International Strategic Networks, Strategic agility and resilience, and Innovation
He teaches strategic management, Business Models, International Business, Strategic agility and resilience, and Multinational Management in various management degree programs (Postgraduate, Executive post graduate programs). He has taught in USA, France, UK, UAE and India. He also teaches, Seminar Course in International Knowledge networks, International Strategic Management and seminar courses in Strategic management in Fellow program in management (PhD) program. He has guided eight PhD students. He has given invited talks at Ohio State University, Texas Uni at Dallas, Wharton School, Uni of Pennsylvania. He is regular invite for business model and innovation lectures at Wharton School Centre for Advances in Management. He was Sr Research fellow at Wharton School in 2018.
He has provided customized training and consulting to Government of India, Indian and Foreign Multinationals. His Fortune global one thousand ranked clients includes RIL, LG, Thomas cook, Panasonic, Suzuki Japan, ADAG, ONGC, GAIL, Aditya Birla Group, EIL, IPCA, ICICI Bank, SBI , BEL etc. He was the lead researcher for the Indian Competitiveness project Government of India. He is a World bank consultant and was lead consultant for the autonomy and strategic planning project. He is also consultant for UNDP, MHRD, MP Government.
Dr Salwan has around seventy-five research publications in national and international research journals, including Harvard Business Review, Journal of International Business and Education UK, JKM, RTM Indian Journal of Industrial Relations, Indian Management Journal, Journal of Management and Technology, Defense Science Journal. He has published 48 case studies, including in Harvard Business School Publishing. Dr Prashant Salwan has co-authored four textbooks in the area of International business, International Marketing, Takeovers, Restructuring and Corporate Governance Mergers and Acquisitions, Strategic Management and one research book “Best business practices for global competitiveness. These books have been published by McGraw-Hill, Pearson and Sterling Publishers. Dr. Salwan also writes for newspapers like business standard, Times of India and DNA money and Hindi newspapers Dainik Bhaskar, Partrika.