Faculty Details


Name Card

Sougata Ray's picture

I am a Professor in the Strategic Management Group of the Institute. I have specialization in strategic management, international business, innovation and entrepreneurship. I have been serving as President and Chairman of the Governing Board of Parivaar Educational Society, an NGO founded by Vinayak Lohani an alumnus of IIMC since its inception in 2004. Recently, I served as the Dean (Programme Initiatives) of the Institute. Earlier, I spent two years on sabbatical in Infosys Technologies Limited to spearhead the innovation initiatives and incubate the innovation services practice as General Manager and Head of Innovation Labs. I blend over two and half decades of experiences in diverse roles – a frontline executive in a Maharatna State Owned Enterprise, in a strategic role in an emerging market MNC at a senior management level, a researcher, visiting scholar, teacher and institution builder in some of the finest institutions in India and abroad, corporate advisor to a number of companies, family business groups and technology start-ups in India and abroad, an independent director in the Boards of Indian Oil and Tata Group Companies, and the member or Chairman of the Audit Committees thereof and as Principal Consultant to leading International Development Agencies such as DANIDA, UNFPA, and UNICEF. I conducted scores of executive education programmes and workshops for companies in India as well as in Colombo, Copenhagen, Dhaka, Dubai, Helsinki, Johannesburg, Kuala Lumpur, and Singapore. I regularly deliver talks in meetings organized by industry bodies such as Confederation of Indian Industry, American Chamber of Commerce and National Association of Software Services Companies, Society of Human Resource Management, TiE, etc. I have been serving as a member of various committees of Government of India such as MoU Task Force for CPSEs. I independently and jointly led nearly two dozen senior level executive delegations to multiple countries in every continent for high level meetings with the Ministries, Chambers of Commerce, Industrial Organizations, Research Labs and Academic Institutions. I take keen interest in understanding strategic behavior of emerging economy firms and have been researching extensively on how policy induced changes in institutional environment influence strategic behaviour of developing economy firms and how differences in quasi institutional environment, heterogeneity of firm characteristics and strategic intent of the top management lead to variations in strategy for growth, internationalization, innovations, entrepreneurship and sustainability of firms and family business groups. Of late I have developed interest in coprorate sustainability and BOP strategy and practices of firms and have been exploring how firms can actively participate in sustainable development working closely with the NGOs, development agencies, government bodies and institutions. I have written over 100 research papers, case studies and monographs and published in leading journals such as Organization Science, Journal of International Business Studies, Global Strategy Journal, Management International Review, International Journal of Management, and presented papers in many international conferences including Academy of Management, Academy of International Business, and Strategic Management Society Annual Meetings and special conferences. I strive to contribute meaningfully as a teacher, a researcher, an institution builder and a consultant. I immensely enjoy the multiple roles and responsibilities of an academician. Once a sportsman I have keen interest in sports and games. I have authored a few short stories in Bengali. I reside in the IIMC campus at Joka with my wife Alpana and two sons Anikait and Siddhartha. After obtaining her Ph.D. in Environmental Geography from Calcutta University Alpana has been working as an Assistant Professor in a college in Kolkata.

Name: Sougata Ray
Position: Professor
Academic Group: Strategic Management
Phone No.: +91-33-24678300
Email: sougata@iimcal.ac.in
Academic Background:

Fellow (Doctorate) in Management from Indian Institute of Management Ahmedabad (IIMA); Bachelor of Mechanical Engineering from Indian Institute of Engineering, Science and Technology (formerly B.E. College, Shibpur, Calcutta University.)

Courses Taught:

I offered and/or have been offering the following MBA level courses: Field:Strategy 1. Strategic Management 2. Industry, Competition and Strategy 3. Strategic Analysis, Planning, and Decision Making 4. Environment, Organization and Strategy 5. Strategic Management of Technology and Innovations 6. Corporate Growth Strategy Field: International Business 1. Doing Business in Foreign Markets 2. Global Competition and Strategy 3. International Management 4. International Business Management 4. International Joint Ventures & Strategic Alliances Field:Others 1. Social Entrepreneurship & Civil Society Organizations 2. Behaviour & Theories of Organisations I also developed and have been co-teaching the following Doctoral level courses: 1. Fundamentals of Strategy 2. Evolution of Strategic Management I 3. Evolution of Strategic Management II 4. Theoretical Foundation of Strategic Management 5. Strategic Management in New Economy 6. Methodological Issues and Directions in Strategy Research.

Awards:

• Recipient of the First Prize in EFMD Global Case Completion 2013 in inclusive busness model category, finalist (among the top 12 cases written in English across the globe) of the best of the best cases competition organized by Harvard Business School Publishing. • Was the Finalist for the Best Paper Award in Academy of Internal Business Annual Meeting 2013 held in Istanbul, Turkey. • Received the Best Paper Award in World Management Conference 2013 organized by Indian Institutes of Management held in Goa, India. • Recipient of the First Prize in ISB-Ivey Global Case Completion 2012 organized by Indian School of Business, Hyderabad and Richard Ivey School, Western Ontario, Canada. • Authored two Award Winning cases in the Case Chase Competition 2012 organised by Society of Entrepreneurship Educators at Indian School of Business, Hyderabad. • Filed two Patents, one in the US Patent Office and other in the India Patent Office in 2011. • Was the Finalist for Best Paper Award in Academy of Management Meeting 2009, BPS Division, held in Chicago, USA. • Received Nomination for Best Paper Awards in Strategic Management Society Annual Meeting 2009 held in Washington, USA. • Received 2 Best Paper Awards in a Conference organized by Indian Institute of Management Bangalore in 2009. • Received Nomination for Best Paper Awards in Strategic Management Society Annual Meeting 2008 held in Cologne, Germany. • Received Nomination for Best Paper Award Academy of Internal Business Annual Meeting 2008 held in Milan, Italy. • Received Nomination for Best Paper Awards 2005 Gate2Growth Academic Network European in the efmd 35th EISB Conference on Entrepreneurship, Innovation, and Small Business, held in Barcelona, Spain. • Authored two Award Winning cases in the Case Chase Competition 2005 organised by Society of Entrepreneurship Educators at Indian School of Business, Hyderabad. • Recipient of PD Agarwal - TCI Award for Best Doctoral Research in Management in India. • Recipient of Industrial Finance Corporation of India Best Thesis Proposal Award at IIMA. • Recipient of IIMA FPM Alumni Chaudhury - Padmanabhan - Pant Research Grant for Best Thesis Proposal. • Recipient of Sir Ratan Tata Foundation Scholarship in 1997. • Awarded Government of India National Merit Scholarship during 1983-89 for academic excellence in Secondary, Higher Secondary, and University Examinations. • Received several prizes and Scrolls of Honour for being one of the state rank holders in Secondary and Higher Secondary Examinations.

Consulting Interests:

I take keen interest in helping ambitious companies and family businesses to multiply profit and shareholder value through well crafted business and growth strategies. I have worked closely with the top and senior management of a number of such organizations and advising them on various strategic and organisational problems. The scope of the projects included developing corporate growth strategies, competitive strategies, foreign market entry strategies, corporate sustainability strategy road maps, and strategic plans, improving strategic planning process, innovation strategies and culture, organisational restructuring, value chain deconstruction, foreign market entry strategies, organisational restructuring, cost cutting and productivity improvement, building organisational capabilities including selection of key managers, identification of training needs and designing training interventions.

Work Experience:

2012 Onwards Professor at Indian Institute of Management Calcutta 2010 – 2012 Dean (Programme Initiatives) and Professor at Indian Institute of Management Calcutta 2008 – 2010 General Manager & Head of Innovation Labs at Infosys Technologies Limited 2006 – 2008 Professor at Indian Institute of Management Calcutta 2003 – 2006 Associate Professor at Indian Institute of Management Calcutta 2000 – 2003 Assistant Professor at Indian Institute of Management Calcutta 1998 – 2000 Assistant Professor at Indian Institute of Management Indore 1993 – 1997 Research Scholar at Indian Institute of Management Ahmedabad 1989 – 1993 Executive at Steel Authority of India Limited

Current Projects:
Journal Publications:

Published nearly 40 papers in international and Indian journals. More recent and important ones are listed here. 1. Ray, Sougata (with Sasanka Sekhar Chanda). (2016) “Learning from Project Failure: Globalization Lessons for an MNC,” accepted for publication in Thunderbird International Business Review. 2. Ray, Sougata (with Sathyajit Gubbi and Preet Aulakh). (2015) “Exogenous shifts, business group affiliation and heterogeneity in firm responses,” Organization Science, 26 (5), 1485-1501. 3. Ray, Sougata (with Sasanka Sekhar Chanda). (2015) “Optimal Exploration and Exploitation: The Managerial Intentionality Perspective,” Computational and Mathematical Organizational Theory, 21 (3), 247-273. 4. Ray, Sougata (with Raveendra Chittoor and Preet Aulakh). (2015) “Investments in innovation in developing economy firms: the role of accumulative and assimilative learning,” Global Strategy Journal, 5 (1), 133-153. 5. Ray, Sougata (with Sasanka Sekhar Chanda). (2015) "Formal Theory Development by Computational Simulation Modeling: A Tale of Two Philosophical Approaches,” Decision, 42 (3), 251-264. 6. Ray, Sougata (with Raveendra Chittoor and Preet Aulakh) (2015) “What drives overseas acquisitions by Indian firms? A behavioral risk-taking perspective,” Management International Review, 55(2), 255-275. 7. Ray, Sougata (with Sathyajit Gubbi, Raveendra Chittoor, Preet Aulakh, and M.B. Sarkar) (2010) "Do International Acquisitions by Emerging Economy Firms Create Shareholder Value? The Case of Indian Firms", Journal of International Business Studies, 41, 397–418. 8. Ray, Sougata (with Raveendra Chittoor, Preet Aulakh, and M.B. Sarkar) (2009) “Third-World Copycats’ to ‘Emerging Multinationals’: Institutional Transformation and Strategic Renewal in the Indian Pharmaceutical Industry”, Organization Science, 20 (1), 187-205. 9. Ray, Sougata (with Sathyajit Gubbi) (2009). “International acquisitions by Indian firms: Some observations and implications for future research on emerging multinationals,” Indian Journal of Industrial Relations, Special Issue on Global Indian Firms, edited by Tarun Khanna, 45 (1), 11-26. 10. Ray, Sougata (2009) “A comment on Revisiting the Internationalization – performance relationship: Implication for emerging economy firms,” Decision, 36 (2), 40-44. 12. Ray, Sougata (with Indrajit Mukherjee) (2009) “Founding context, business model and performance of new ventures in emerging economies-a longitudinal study,” Frontiers of Entrepreneurship Research, 29 (13), 24-43. 13. Ray, Sougata (with Raveendra Chittoor, Preet Aulakh, and M.B. Sarkar) (2008) “Strategic Responses to Institutional Changes: ‘Indigenous Growth’ Model of the Indian Pharmaceutical Industry”, Journal of International Management, 14 (3), 252-269. 14. Ray, Sougata (with Raveendra Chittoor) (2007) “Internationalization Paths of Indian Pharmaceutical Firms: A Strategic Group Analysis”, Journal of International Management, 13 (3), 338-355. 15. Ray, Sougata (with A. Chakrabarty) (2006). “Strategic change of firms in response to economic liberalisation in an emerging market economy,” International Journal of Strategic Change Management, 1 (1/2), 20-39. 16. Ray, Sougata (with K. Ramakrishnan) (2006) "Resources, Competences and Capabilities Conundrum: A Back-To-Basics Call," Decision, 33 (2), 1-21. 17. Ray, Sougata (with K. Ramachandran) (2006), "Networking and resource strategies in new ventures: A study of information technology start-ups, " Journal of Entrepreneurship, 15 (2), 145-168. 18. Ray, Sougata (with K. Ramachandran and T.P. Devarajan) (2006). "Corporate Entrepreneurship: How?" Vikalpa – The Journal of Decision Makers, 31(1), 87-97.

Conferences:

Presented over 70 papers in international and national conferences and delivered many key note speeches. Here are the details of the international conferences in the recent years 1. Ray, Sougata (with Arindam Mondal and , K. Ramachandran) (2015). “International Trajectories of Family Owned Multinationals: The Study of Indian Family Businesses” Global Strategy Journal Workshop on “Family Firms in the Global Economy.” Milan. Italy. 2. Ray, Sougata (with Ghosh, Anjan & Ansari, S.) (2015) “Theorizing (Pre) Hybrid Organizing: An In-Depth Account of an Organization's Struggle to Go Hybrid,” Strategic Management Society 35th Annual International Conference, Denvar, USA. 3. Ray, Sougata (with Sarada Devi Gadepalli & Arindam Mondal) (2015). “Revisiting the Conundrum for Explaining Business Segment Performance Variance: Evidences From India,” Academy of Management Annual Conference BPS Division, Vancouver, Canada. Published in AoM Proceedings. 4. Ray, Sougata (with Arindam Mondal and Raveendra Chittoor) (2015). “How Much Does Subsidiary Experience Matter for EMNCs: Evidence from Indian Multinationals” Academy of Management Annual Conference, IMD Division, Vancouver, Canada. Published in AoM Proceedings. 5. Ray, Sougata (with Ghosh, Anjan & Ansari, S.) (2015) “Theorizing (Pre) Hybrid Organizing: An In-Depth Account of an Organization's Struggle to Go Hybrid”, European Group of Organization Studies Annual Conference, Athens, Greece. 6. Ray, Sougata (with Arindam Mondal, Raveendra Chittoor & Sarada Devi Gadepalli) (2015). “Experiential Learning, Economic Distance and Subsidiary Performance of EMNCs: Evidence from Indian Multinationals” Academy of International Business Annual Conference, Bangalore, India. 7. Ray, Sougata (with Chakrabarti, A & Chakrabarti, A.B.) (2015). The spatial expansion patterns of domestic and international acquiring firms: Evidence from the Indian chemical manufacturing sector. Academy of International Business Annual Meeting, Bangalore, India. 8. Ray, Sougata (with K. Ramachandran) (2015). “Family Enterprises as Sustainable Institutions,” Fifth Asian Invitational Conference on Family Business, Hyderabad, India. 9. Ray, Sougata (with Arindam Mondal and Raveendra Chittoor) (2014). “Influence of experiential learning on subsidiary performance of emerging multinationals”, Academy of Management Annual Conference, IMD Division, Philadelphia, Pennsylvania. Published in AoM Proceedings. 10. Ray, Sougata (with Chakrabarti, A.B. & Das, R.) (2014). “Revisiting the Firm Ownership and Performance Debate in an Emerging Economy during Economic Reforms.” Academy of Management Annual Conference, BPS Division, Philadelphia USA. Published in AoM Proceedings. 11. Ray, Sougata (with Arindam Mondal and Raveendra Chittoor) (2014). “How Does Experiential Learning of Emerging Multinationals Benefit Subsidiaries? A Study of Indian MNCs”, Strategic Management Society 34th Annual International Conference, Madrid, Spain. 12. Ray, Sougata (with Arindam Mondal) (2014). "Influence of experiential learning on subsidiary performance of emerging multinationals", Academy of International Business Annual Meeting, Vancouver, Canada. 13. Ray, Sougata (with Chakrabarty, Amit Baran and Das, R.) (2014) “Public versus Private Ownership and Firm Performance during Economic Reforms: Evidences from India,” European Academy of Management Annual Conference, Valencia, Spain. 14. Ray, Sougata (with Chittoor, Raveendra and Aulakh, Preet) (2013) “Explaining the internationalization of emerging market multinationals: role of managerial intentionality,” Academy of Management Annual Meeting, IMD Division, Orlando. Published in AoM Proceedings. 15. Ray, Sougata (with Chittoor, Raveendra and Aulakh, Preet) (2013) "Explaining the Internationalization of Emerging Market Multinationals: Role of Owner-CEOs," Rice Emerging Markets Conference/Workshop, Rice University. 16. Ray, Sougata (with Chakrabarti, A.B.) (2013). “Fuelling the Ownership and Firm Performance Debate: Puzzling Evidences from India,” 3rd biennial conference of the Indian Academy of Management (IAM), Ahmedabad, India. 17. Ray, Sougata (with Chittoor, Raveendra and Aulakh, Preet) (2013) “Internationalization of emerging market multinationals: role of managerial intentionality,” Academy of International Business Annual Meeting, Istanbul, Turkey. 18. Ray, Sougata (with Chittoor, Raveendra and Aulakh, Preet) (2012) “Investments in Innovation in Developing Economy Firms: The Role of Product Market Internationalization,” Academy of Management Annual Meeting, IMD Division, Boston. 19. Ray, Sougata (with Chanda, S. S.) (2011). "Developmental Programs, Microcredit and Gandhian Innovation: Pillars of a Bottom of Pyramid Strategy?" Strategic Management Society Special Conference, San Diego. 20. Ray, Sougata (with Das, R., Chanda, S. S.) (2011). "New Venture Creation in a Knowledge Intensive Industry in India: An Experiment". Strategic Management Society Special Conference, San Diego. 21. Ray, Sougata (with Chittoor, Raveendra, Ramachandran, K.) (2011). "Family Business Groups and Corporate Entrepreneurship: Evidence from Indian Firms," Academy of Management Annual Meeting, BPS Division, San Antonio, Texas. 22. Ray, Sougata (with Chanda, S. S.) (2011). "Generic Strategies in Dynamic Environments", Academy of Management Annual Meeting, BPS Division, San Antonio, Texas 23. Ray, Sougata (with Sinha, Anubha Sekhar) (2011). "Multilevel Paradoxes in State-Owned Enterprises in Emerging Economies”, Journal of Management Studies Conference, Hong Kong. 24. Ray, Sougata (with Chanda, S. S.) (2011). "Do Managers Add Value in any Environment", Journal of Management Studies Conference, Hong Kong. 25. Ray, Sougata (with Mukherjee, Indrajit) (2011). “Performance Implication of Technological Knowledge Development Modes in Emerging Economy Firms”, Journal of Management Studies Conference, Hong Kong 26. Ray, Sougata (with Chaudhuri, S) (2010). “Leap to Multinationality: Lessons from the Strategic Transformation Experiences of Indian IT Services Firms,” Global Strategy Conference on Leveraging Mega Trends for Global Advantage, Tokyo, Japan. 27. Ray, Sougata (with Sinha, Anubha Sekhar) (2010). “An Exploration of Multi-Level Paradoxes in State-Owned Enterprises,” Annual Meeting of the Academy of Management, (Montréal, Canada). 28. Ray, Sougata (with Chittoor, Raveendra and Aulakh, Preet) (2010) “Drivers of Innovation Orientation of Developing Economy Firms: A Study of the Indian Pharma Industry,” Annual Meeting of the Academy of Management, (Montréal, Canada). 29. Ray, Sougata (with Banerjee, Anirban and Sinha, Anubha Sekhar) (2010) “Effect of Complexity on Strategic Decision Making Process: A Quasi-Experimental Study,” Annual Meeting of the Academy of Management, (Montréal, Canada). 30. Ray, Sougata (with Mukherjee, Indrajit) (2010) “Institutional Environment and Technology Import Trajectory: A Longitudinal Study of Emerging Economy,” the Annual Meeting of the Academy of International Business (Rio de Janeiro, Brazil). 31. Ray, Sougata (with Sinha, Anubha Sekhar) (2010). “State Owned Enterprises: Competing in a Liberalised and Globalised World,” the Annual Meeting of the Academy of International Business (Rio de Janeiro, Brazil). 32. Ray, Sougata (with Chittoor, Raveendra and Aulakh, Preet) (2010) “Accumulative & Assimilative Learning, Institutional Infrastructure and Innovation Orientation of Developing Economy Firms,” the Annual Meeting of the Academy of International Business (Rio de Janeiro, Brazil). 33. Ray, Sougata (with Gubbi, Sathyajit and Aulakh, Preet) (2009), "Do business groups enable or constrain the strategic transformation of affiliated firms?" Annual Meeting of the Academy of Management, BPS Division, (Chicago, USA). 34. Ray, Sougata (with Aulakh, Preet and Chittoor, Raveendra) (2009) "Imitators to Innovators: Exploring Sources of Innovation Capabilities in Firms from Developing Economies", the 29th Annual International Conference of the Strategic Management Society, held in Washington, D.C., USA 35. Ray, Sougata (with Mukherjee, Indrajit and Somnath Dutta) (2009) "Dynamics of Institutional Legacy, Organizational Imprints and Entrepreneurial Strategy: A Longitudinal Study in Emerging Economy", the 29th Annual International Conference of the Strategic Management Society, held in Washington, D.C., USA. 36. Ray, Sougata (with Gubbi, Sathyajit and Aulakh, Preet) (2009) "Business Group Effects on Affiliates' Strategic Responses to Institutional Transitions: Resources, Market Position and Intra-Group Bargaining Power," the Annual Meeting of the Academy of International Business (San Diego, USA). 37. Ray, Sougata (with Sinha, Anubha Sekhar) (2009) “Strategic Management of State Owned Enterprises: A Review & Reflections,” Paper presented in Strategic Management Forum – 12th Conference, held in Indian Institute of Management Bangalore, India. 38. Ray, Sougata (with Mukherjee, Indrajit and Raveendra Chittoor) (2008).”Dynamics of Founding Conditions and Strategic Choice: a Longitudinal Study of Emerging Economy Firms”, Strategic Management Society India Special Conference, held in Hyderabad, India. 39. Ray, Sougata (with Gubbi, Sathyajit). (2008). “Value Accretive Acquisitions by Emerging MNCs: An Agenda for Future Research”, Strategic Management Society India Special Conference, held in Hyderabad, India. 40. Ray, Sougata (with Aulakh, Preet, Chittoor, Raveendra and Sarkar, MB.) (2008) “Institutional Transformation and Strategic Renewal in the Indian Pharmaceutical Industry”, the 28th Annual International Conference of the Strategic Management Society, held in Cologne, Germany. 41. Ray, Sougata (with Mukherjee, Indrajit and Raveendra Chittoor) (2008). “Overcoming Founding Conditions in an Emerging Economy: A Longitudinal Study of Indian Firms”, the 28th Annual International Conference of the Strategic Management Society, held in Cologne, Germany. 42. Ray, Sougata (with Chittoor, Raveendra and Aulakh, Preet) (2008) “Emerging Multinationals: Effects of Business Groups and Internationalization of Resources”, Annual Meeting of the Academy of Management (Anaheim, USA). 43. Ray, Sougata (with Gubbi, Sathyajit, Aulakh, Preet, Chittoor, Raveendra and Sarkar, MB.) (2008) “Value Creation in International Acquisitions: Do Third World Multinational Acquirers Gain?” Annual Meeting of the Academy of Management (Anaheim, USA). 44. Ray, Sougata (with Aulakh, Preet, Chittoor, Raveendra and Sarkar, MB.) (2008) “Global Integration and Innovation Capabilities in Emerging Economies: Evidence from the Indian Pharmaceutical Industry”, Sanjaya Lall Programme for Technology and Management for Development, Oxford University Conference on Confronting the Challenge of Technology for Development: Experiences from the BRICS. 45. Ray, Sougata (with Chittoor, Raveendra and Aulakh, Preet) (2008) “Emerging Multinationals: Role of Inward Internationalization and Business Groups”, the Annual Meeting of the Academy of International Business (Milan, Italy). Published in AIB Best Paper Proceedings. 46. Ray, Sougata (with Gubbi, Sathyajit, Aulakh, Preet, Chittoor, Raveendra and Sarkar, MB.) (2008) “Foreign Market Acquisitive Forays by Indian Firms: A Preamble”, the Annual Meeting of the Academy of International Business (Milan, Italy). 47. Ray, Sougata (with Chittoor, Raveendra & Sen, Subir) (2007) “Is Dominant Logic the missing link between Diversity and Performance of Business Groups in the Emerging Markets?”, paper presented in the Annual Meeting of the Academy of Management, Philadelphia, USA. 48. Ray, Sougata (with Gubbi, Sathyajit & Chittoor, Raveendra) (2007) “Do Emerging Economy Firms need Ambidextrous Strategies for Internationalization?” paper presented in the Annual Meeting of the Academy of Management, Philadelphia, USA. 49. Ray, Sougata (with Raveendra Chittoor, Preet Aulakh, and M.B. Sarkar) (2007) “Strategic Responses to Institutional Changes: 'Indigenous Growth' Model of the Indian Pharmaceutical Industry,” presented at 8th Annual International Business Research Forum conference at the Fox School of Business, Temple University, Philadelphia, USA. 50. Ray, Sougata (with K. Ramachandran) (2006),”Formation of Information Technology Clusters: How Late Movers Follow Different Model than That of Early Movers” presented in the 1st International Research Conference on Entrepreneurship in Emerging Regions hosted by Indian School of Business, Hyderabad along with the Journal of Business Venturing and the Batten Institute, University of Virginia. 51. Ray, Sougata (with Raveendra Chittoor) (2006). "Internationalization of Firms from Emerging Economies: Exploring Inward-Outward Linkages," presented in the Annual Meeting of Academy of Management in Atlanta, Georgia, USA. 52. Ray, Sougata (with Raveendra Chittoor) (2006). “Internationalization as a Strategic Response to Institutional Transition: Evidence from the Indian Pharmaceutical Industry,” presented in the Annual Meeting of Academy of International Business in Beijing, China.

Research Interests:

I have been researching for two decades on how policy-induced changes in institutional environment influence strategic behaviour of emerging economy firms and how differences in quasi-institutional environment, heterogeneity of firm characteristics and strategic intent of the top management lead to variations in strategy for growth, internationalization, innovations, entrepreneurship and sustainability of firms, family business groups and state-owned enterprises. Of late, I have been researching on the areas of social entrepreneurship, corporate sustainability and BOP strategies and practices and exploring how firms can actively engage with social enterprises and non-firm actors to directly contribute to sustainable development.