Dimensions of Current Management Research in India: Some Issues
Subrahmanya, M. H. Bala, South Asian Journal of Management
Management research has been steadily gaining increased prominence as a 'field of study' in management institutions across India. This could be due to more and more 'career avenues' emerging not only in the steadily increasing management institutions but also in the ever-growing corporate sector characterized by the entry of growing number of TNCs both in the manufacturing and service sectors, year by year, in the country. Today management research students in India identify and pursue research in diverse issues covering not just the four functional areas of finance, human resources, marketing, production and systems, and economics but allied as well as emerging areas such as energy and environment, intellectual property and policy issues.
These research activities would not only provide solutions to the growing management challenges in the competitive environment confronted by corporate leaders as well as policy-makers but also expand the frontiers of management related knowledge in the Indian context. More significantly, it would give the 'much-needed' upward thrust to the quality of management education and training in the country.
It is to identify, address and deliberate upon the core management research issues in the country that the Department of Management Studies, Indian Institute of Science (USc), Bangalore formed the Consortium of Students in Management Research (COSMAR) in 2001 and organized the first COSMAR Conference. Since then the COSMAR Conference has become an annual event. COSMAR Conference is unique in India as it brings together management research students from diverse institutions across the country.
COSMAR Conference has been providing a forum for: 'ir
* Interaction for management research students to discuss current research issues in management and allied disciplines.
* Professional networking among management research students, academicians and practitioners.
* Evolving a credible thought center for management theorists and practitioners.
The primary objective of COSMAR is to identify and promote quality management research, among others, by inviting management research students to submit their research papers, shortlisting the quality papers for subsequent presentations and discussions, and scrutinizing them intensively by a jury comprising management teachers/professionals for awarding prizes. The event has been supported by some of the reputed companies and institutions in the country, apart from Indian Institute of Science, Bangalore. The event has attracted papers from all premier institutions such as UTs and UMs, and several other prominent research institutions and universities from across the country, in addition to IISc.
The fourth Conference of COSMAR has covered several core management research issues related to Indian economy. The Conference was held at IISc, Bangalore, during September 24-25, 2004- COSMAR 2004 Conference had attracted 91 papers from management research students from all over the country out of which 46 papers were shortlisted and 26 papers were presented and discussed. This is a special issue of South Asian journal of Management (SAJM) on COSMAR Conference 2004, which consists of six of the 26 papers presented. In fact, this is the second special issue of SAJM on COSMAR Conference. The Association of Management Development Institutions of South Asia (AMDISA), its founder-director Dr. Dharni Prasad Sinha and the Editor of SAJM, Prof. Mathew J Manimala, have been quite encouraging and are primarily responsible for this special issue.
The selected six papers of COSMAR Conference 2004 fall under Finance (two papers), Energy Economics (one paper), Management of Intellectual Property/HRM (one paper), Marketing (one paper), and Systems (one paper) disciplines. Of the two finance papers, one deals with the effect of the introduction of "options" on the volatility of the underlying stocks and the other probes the impact of Growth Option Value (GOV) on the market value of firms. …