Prime Minister Narendra Modi’s Make-in-India programme never included managers, whose work may well become an influential Make-in-India product. Why?
View business from an anthropological perspective. From Indus Valley and Roman times until the Industrial Revolution, business meant trading — exploiting an asymmetry of market information, of possessing distinctive merchandise, of financial leverage or of having better logistics and transport.
The Industrial Revolution demanded efficiencies of scale. It mattered whether a factory made 1,000 widgets per day or 100 per day. The know-how of organising led to professional management in the early 1900s. B-schools were born, principally in America. India got its
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper
