Driving the Economy through Innovation and Entrepreneurship: Emerging Agenda for Technology Management

865 Pages·2013·8.87 MB·English

by  Aniruddha (auth.)

Department of Management Studies,
Indian Institute of Science,
Bangalore
Driving the Economy
through Innovation
and Entrepreneurship
Emerging Agenda for Technology
Management
Driving the Economy through Innovation
and Entrepreneurship

Department of Management Studies,
Indian Institute of Science, Bangalore
Editors
Driving the Economy
through Innovation
and Entrepreneurship
Emerging Agenda for Technology
Management
Department of Management Studies
Indian Instituteof Science
Bangalore
Editors
ISBN978-81-322-0745-0 ISBN978-81-322-0746-7(eBook)
DOI10.1007/978-81-322-0746-7
SpringerNewDelhiHeidelbergNewYorkDordrechtLondon
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Preface
Technological advancement, contributing as the key driving force to the develop-
ment and prosperity of advanced countries, is a part of history. In the 1980s and
1990s,technologydevelopmentcontributedtotherapidadvancementandtransfor-
mationofnewlyindustrializingeconomies(NIEs).IntheNewMillennium,BRICS
(Brazil,Russia,India,China,andSouthAfrica)economieshavebeenexperiencing
relatively high rate of economic growth, thereby influencing and shaping global
economicgrowth,particularlybythemeansofindustrializationthroughknowledge
intensive industries and entrepreneurship. This shift of focus from industrialized
toNIEsandfurthertoBRICSeconomieshasbeenpushingtechnologydevelopment
and management to the forefront repeatedly as an agenda for global economic
thinking. The way BRICS economies in association with NIEs and industrialized
countries contribute to the emergence of new technologies, in addition to the
innovation and management of existing technologies, would determine and con-
tribute to the emergence of a new global economy, in the future. It is in this
backdropthattheDepartmentofManagementStudies,IndianInstituteofScience,
Bangalore,whichisoneoftheoldestmanagementschoolsinthecountry,decided
to organize an International Conference on Technology Management between18
and20July2012.
Considering that economic growth in the BRICS and other developing
economiesinthe new centuryis driven notsolely by traditional factor inputs, but
more importantly by technology-driven innovation and new generation of entre-
preneurship,wehaveaccordinglyidentifiedthethemeoftheInternationalConfer-
ence: Driving the Economy Through Innovation and Entrepreneurship: Emerging
Agenda for Technology Management. We invited theoretical as well as empirical
researchpapersincludingindustrycasestudiesrelatingtothethemefromacrossthe
world. We received impressive response in the form of more than 240 paper
abstracts from 23 different countries by 31 October 2011. We short-listed 167
paper abstracts and communicated to the authors accordingly, requesting them to
submitfullpapersby31January2012.Overall,wegot128fullpapers,andbased
onadouble-blindreviewprocess,weshort-listedatotalof74papers(comprising
145authorsacross20countries)forthefinalpresentation.
v
vi Preface
This volume comprising three parts is a compendium of 72 papers presented
in the International Conference on Technology Management conducted during
18–20 July 2012 at the Indian Institute of Science, Bangalore. The three parts of
the volume cover papers under three different streams, namely, (1) Technology
Development, Sustainability and Markets; (2) Development of Human Resources
for Innovation and Technology Management; and (3) ICT Applications, E-
Governance and New Product Development. Under each stream, papers focusing
on diverse sectors such as agriculture, industry and services as well as regions
rangingfromemergingmarketslikeIndiatoLatinAmericaarepresented.Further,
these papers varied in terms of their methodologies ranging from model building
and testing to the development of theoretical propositions and empirical data
analysis, apart from case studies. Overall, these papers provide a description and
analysis of contemporary technology management issues covering diverse
economiesintheworld.
The organizers of the conference are greatly indebted to all the authors (from
academia,R&Dinstitutesandlaboratories,governmentorganizationsandindustry)
who have come from different parts of the world, presented their papers and
contributed to their intensive and fruitful discussions. We express our sincere
gratitude to all the referees who had reviewed the paper in every stage, starting
fromshort-listingoftheabstracts,tothefinalformasitappearsinthisbook.Weare
thankful to all the session chairs who conducted the proceedings meaningfully
and impressively. We are equally grateful to all of our sponsors, particularly the
Government of Karnataka, Defense Research and Development Organization
(DRDO), Government of India, Bharath Electronics Limited (BEL), Bharath
Earth Movers Limited (BEML) and Karnataka Knowledge Commission (KKC),
Bangalore,inadditiontoourinstituteauthoritieswithoutwhosesupportthisevent
could not have been organized in this grand manner. Finally, we strongly believe
that this volume will contribute significantly to the understanding of emerging
issuesintechnologymanagement,intheeraofglobalization,andfacilitatefurther
researchinindustryaswellasacademia.
Editors
About Us
TheIndianInstituteofScience(IISc),Bangalore,foundedbyJamsetjiNusserwanji
Tata,cameintoexistenceon27May1909.Overtheperiod,IISchasemergedasan
institution of higher learning pursuing excellence in research and education in
diverse fields of science and engineering. It is probably the oldest and the finest
institution of its kind in India; it also has a very high international rating in the
academic world. IISc provides facilities for post-graduate research and advanced
instructionintraditionalaswellasinmanyimportantemergingareasofscienceand
engineeringandcollaborateswithindustryandotherresearchinstitutionsinsolving
challenging problems in science and technology. Today, IISc faculty members
carry out research and consultancy projects in six different divisions comprising
40departments/centers/cells/laboratories.
TheDepartmentofManagementStudiesattheIndianInstituteofScience(IISc),
establishedin1948,isoneoftheoldestdepartmentsofmanagementinIndia.Ithas
beenrunningpostgraduateprogrammesandthedoctoralprogrammesincethemid-
1950s.Basedinthepremierresearchinstituteofhigherlearning,itpositionsitself
totrainstudentsinfuturisticareasliketechnologymanagement,businessanalytics
andpolicyanalysis.TheoriginoftheDepartmentcanbetracedbackto1947when
thesectionofeconomicsandsocialscienceswassetup.Thispioneeringstepwas
largely a result of the long-term vision of J. N. Tata, who had sown the seeds of
management education and research in the country. This vision was given sub-
stance by the resolution of the Indian Institute of Science to establish a
“...Philosophical and Educational Department, including methods of education,
ethics and psychology, Indian history and archaeology, statistics and economics,
and comparative philology”. In the eventful almost six and half decades of its
existence, the Department has made pioneering contributions in management
education and research in India. Today, the Department comprising 11 faculty
and 4 staff members offers the masters of management programme leading to a
specialization in business analytics or technology management and research
programmeleadingtothedegreeofPh.D.
vii

Editorial Team
Part1
Prof.M.H.BalaSubrahmanya
Dr.P.Balachandra
Prof.R.Srinivasan
Part2
Prof.K.B.Akhilesh
Dr.ParameshwarP.Iyer
Part3
Prof.ChiranjitMukhopadyay
Prof.P.Ramachandran
Dr.M.Mathirajan
Editors’Affiliations
1. Prof. M. H. Bala Subrahmanya, Professor and Chairman, Department of
ManagementStudies,IndianInstituteofScience,Bangalore-560012,India
2. Dr. P. Balachandra, Principal Research Scientist, Department of Management
Studies,IndianInstituteofScience,Bangalore-560012,India
3. Prof. R. Srinivasan, Professor, Department of Management Studies, Indian
InstituteofScience,Bangalore-560012,India
4. Prof. K. B. Akhilesh, Professor, Department of Management Studies, Indian
InstituteofScience,Bangalore-560012,India
5. Dr. Parameshwar P. Iyer, Principal Research Scientist, Department of
ManagementStudies,IndianInstituteofScience,Bangalore-560012,India
6. Prof.ChiranjitMukhopadyay,AssociateProfessor,DepartmentofManagement
Studies,IndianInstituteofScience,Bangalore-560012,India
7. Prof. Parthasarathy Ramachandran, Associate Professor, Department of
ManagementStudies,IndianInstituteofScience,Bangalore-560012,India
8. Dr. M. Mathirajan, Principal Research Scientist, Department of Management
Studies,IndianInstituteofScience,Bangalore-560012,India
ix