Impact of peers and incentives on lying across age and gender: a school-based experiment from india

Author(s):Dr. Vijaya Chebolu-Subramanian, Associate Professor IFMR GSB , Krea University; Torsha Chakravorty, Research Associate Indian School of Business; Rakesh Nigam, Professor, Madras School of Economics (MSE) and Swagata Mukhopadhyay, Madras School of Economics (MSE)

FEBRUARY 2020

We evaluate lying in school children across age groups with different gender compositions in the presence and absence of peers and incentives. We find (i) significant peer and incentive effects on younger children (ii) lesser lying tendencies in an all-girl’s group at a younger age (iii) Effect of incentives independent of gender composition.

Key Words: unethical behavior, lying, incentives, gender differences, peer effects, field experiments

Impact and Effectiveness of MSME Entrepreneurs Training Program – A Case Study of Journey in Joy

Author(s):S Raghu Raman (Professor IFMR GSB , Krea University) and V Anantha Nageswaran (Member, PM’s economic advisory council and ex-Dean IFMR GSB)

Studies show that bringing in simple practices related to target setting, establishing incentives and monitoring performance can bring about substantial improvements in productivity, sales growth and reduction in product defects of MSMEs. Training entrepreneurs obviously appears to be the most time-tested and feasible intervention to bring about such a change. But are these training initiatives possible? What impact would it have on the entrepreneurs? What challenges would private entities face in conducting such training programs? To answer these questions, a training initiative in Tamil Nadu by Poornatha was examined. The program titled ‘Journey in Joy’ (JnJ) offered business skills training for 27 entrepreneurs in the Southern districts of Tamil Nadu. For this study, data was collected from a survey of all the participants, in-depth interviews conducted with the founder, trainers and 10 participants of the program. Also, data was collected from secondary sources including program content booklets, worksheets and exercises, written and video feedback of participants and business plans that the entrepreneurs had developed as a part of the program. Results from this study point out to a significant shift across entrepreneur mindsets, capabilities and enterprise performance. In short, the program has successfully demonstrated that a customized, impactful and low-cost training program for entrepreneurs is feasible.

Key Words: Entrepreneurship, training effectiveness, MSMEs, entrepreneur mindset

Super Auto forge: Technology and leadership led growth

Author(s):Prof. N.Chandrasekaran, IFMR GSB

November 2019

The case on Super Auto Forge Ltd (SAF) is focused on the integration of operations perspective and market requirements of the company and relate its growth. Starting from nowhere with an ambition to be an entrepreneur in the space of production-driven business and ability to learn and develop the over time, the company grew to be a leading player supplying to Tier I auto component vendor and to OEMs. The case describes how, in a matter of two decades, the company transformed itself by developing cold forging technology, using an indigenously developed process. Pursuing homegrown technology requires zeal, adoption of excellence in manufacturing and cost advantage for Tier II and Tier I parts assembly units, which were the driving force of SAF and its promoter. During this phase, the company focused on the development of processes and managing implementation, which are the key drivers of its growth not only in India but across the globe specially to developed markets. Leadership of the company believed that locational advantage in facility decision can be exploited for the international growth of the firm, provided the leadership is clear about operations strategy formulation and implementation. It took some key strategic initiatives for SAF growth. This included implementation of quality management processes, continuous improvement through learning and operations and people related HR practices.

Key Words: Operations strategy, Indigenous development, Technology Process, Quality Management, Leadership

Krea University’s 4th round of admissions for B.A (Honours) and B.Sc. (Honours) in Liberal Arts and Sciences Streams for 2020 – 2023 is fast filling up.

Apply today and be part of a new paradigm in higher education

July 1st – last day for accepting applications

Sricity – Chennai 26 June 2020– Krea University, founded by global visionaries, will be closing its 4th round of undergraduate admissions for the academic year 2020 -2023 on July 1st. Their undergraduate School of Interwoven Arts and Sciences (SIAS) offers 3-year B.A. (Honours) & B.Sc. (Honours) degrees, with an option to do an additional year of Advanced Studies.

The university pioneers the unique Interwoven Learning (IWL), based on a set of guiding principles essential for a transformative college experience of today. The Interwoven Learning Model weaves together the arts and sciences, creativity and action, perspectives from the east and west and draws on lessons from the past to get students, future ready.

Backed by a legion of best minds, Krea University aims to impart a unique undergraduate course for students that provides a holistic approach to education. The programme brings together the unique interwoven learning, delivered by a diverse and multi-faceted faculty. Students can gain access to global alliances and cane be part of a talented peer group.

Responding to the crisis of COVID-19, Krea has made a strategic transition to well thought and carefully re-crafted lessons in the virtual space, while ensuring Krea’s ethos of quality education delivery remains resolute. The university is accepting applications from spirited minds for the Undergraduate BA (Honours) programme in Economics, History, Politics, Literature, Arts, Social Studies and B.Sc (Honours) in Computer Science, Biological Science, Environmental Courses, Mathematics, Physics, Chemistry and Psychology as well. The University offers additional minors in Business Studies and Philosophy.

Applications are open until 1st July.

For more information please visit the following websites:https://krea.edu.in/sias/admission.html

Payment Ecosystems, Leadership & Data Science at PayPal

May 30, 2020: In an insightful session, Dr. V. Chandramouliswaran spoke to the students at IFMR GSB, Krea University and punctuated the interaction with lessons from his decade long journey at PayPal.
Sharing anecdotes from his inspiring journey at PayPal , Senior Director, Global Financial Crime & Customer Protection and Chennai Center Head shed light on the components that drove phenomenal success for PayPal over the years. He spoke about how the organization dealt with cyber security and disruptive technologies. He also pointed out the value for building relationships and trust being a priority, within the business. Hearteningly, he credited employee engagement to be a key driver for the success at PayPal.
Answering questions on the expectations from students for the corporate world in the emerging future, Dr. Chandramouliswaran added, “Students should always have patience and they should be open to multiple career options as they will have to work in a dynamic environment which will have different requirements, every now and then.”
Guiding the students further, he spoke about the need for them to consistently perform and present their A-game, each day at an organization. He encouraged the habit of eagerness to learn and excellent communication skills for the way forward. He also added how the culture of agility and productivity at an organisation helped with the evolving needs and how this culture would survive any adversity in the way.

Evolving narrative of innovation & technology in India- an evening with Dr. Sriram Rajamani

19 May, 2020: In an inspiring session, Dr. Sriram Rajamani shared powerful insights from his vast journey as an eminent scientist and member of Microsoft Research, both in the United States and India.
From appreciating the beauty of mathematics to encouraging disruptive innovation, Dr. Sriram Rajamani- Distinguished Scientist and MD of Microsoft Research Lab India, engaged the students at Krea in a hearty interaction.
An eminent scientist and a delightful storyteller, Dr. Rajamani narrated experience stories from his early days in the field to setting up the Microsoft Research Lab India. He also shared his views on use of technology for socio-economic development, the ability as well as limitations of AI to solve real world challenges, and the opportunity lent by COVID- 19 to de-urbanize India. He emphasised on the importance of academia and industry working closer and articulated non-traditional ways to collaborate for wider benefit of education and research

An advertising veteran’s showreel of commercials, life and learnings

12 May, 2020: In an energising evening, John Thangaraj navigated the students at Krea through multiple interesting experiences from his expansive stint in the world of advertising.

From a childhood spent admiring stalwarts on the pages of Brand Equity each Wednesday, John Thangaraj, National Planning Director- FCB Ulka terms his entry into advertising, an accident.

An accidental choice that has culminated in numerous classic and heart-warming campaigns that go right into the pages of history in the world of advertising. In a stirring session, John took us through his early days in advertising and traced the changes that have marked the field over years.

“Advertising has moved away from being witty or clever. Today it is about authenticity”, with these words John described how audience is no longer looking at getting impressed and instead seeks empathy. Of how advertisers now shoulder a huge responsibility of being careful and less-indulgent while focussing on consumer problems and ROI in business.

Sketching culture as the backdrop against which advertising lives, John emphasised on how the era of brand building has deconstructed itself to one of brand dissolution. Using the metaphor of a rock, he explained, traditionally an advert would showcase the rock becoming a bigger, thicker and heavier version of itself. Fast forward now, the adverts attempt to put the rock through a grinder, make it into a fine powder and sprinkle it all over the consumer culture.

In the mix of the interaction when enquired about his recent newspaper column on the lockdown, John pointed out an idealistic view on the situation. “The lockdown has shown us there can be a better world. We need to exercise common sense and not follow the norms of a pre-COVID world.”

He shed light on how COVID-19 has pushed advertising to work harder as ROI becomes more critical during these troubled times. Yet, at the same time also driving advertising into fresh arenas where emotions of love, empathy and sensitivity surpass the unidimensional focus on driving sales.

Addressing the students and their interest in the field, he pointed out the need for skills in communication, self-confidence, clarity of thought and hunger for diverse interests as core to the profession. He broke down the misconception, the more esoteric one sounds, the more intelligent you come across and laid out the ground rule of simplicity and clarity within communication being the key. He encouraged students to be keen observers of human behaviour.

“The beautiful thing about advertising is, the more diverse POVs you put into the mix the better the output.” He illuminated that a distinct advertisement always arrives from an amalgamation of various points of view.

He also observed, the past decade witnessing a shift from sell based advertising to societal based advertising and introducing the global narrative of advertising as a tool for social change

The climax of the evening lay in the incredible case studies John showcased, punctuated by campaigns that weren’t just immensely successful but also celebrated the heartening emotions of courage, honesty and empathy scattered across the rich cultural setting of India.

“Larger Intervals Are Brighter” – Finding Healing Pause in the Pandemic

The Krea community welcomed the second edition of Weavenings with a jugalbandi of stories, poetry and music between Prof. Hariharan Krishnan and Prof. Anannya Dasgupta

Not long ago, the Krea community could just meet in the corridors, or share a cup of Narsimhalu’s coffee to have the conversations that bond us. The lockdown has made us aware of how precious our time together is, and how it is not to be taken for granted. To that end, Krea has envisioned Weavenings as a way to keep the informal, joyous conversations going. Encouraged by the positive response to Weavings 1, we organized a second to think about how to keep our spirits up in times of crisis.

To frame the Weavening, Hari brought us to a concept in music – of large intervals, or longer pauses that the mind perceives to be bright. This is why music can help us feel better. His playlist of music with large intervals from Mozart to Hamsadhwani, punctuated his anecdotes of survival and determination. Anannya spun Hari’s stories to see what that means to survive the lockdown in the activities of dailiness. Starting with Mary Oliver’s poem “Today” that goes deep into stillness, she read several of her own poems, from the ongoing Daily Riyaaz, about pauses that even cooking and yoga can offer as places of large, bright, and healing intervals of time.