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Strategic Organizational Response of an Indo-Japenese Joint Venture to Indian's Economic Liberalization




The Indian economy began its liberalization process in 1991 under the structural adjustment program of the IMF and the World Bank. The structural adjustment program required India to deregulate in a phased manner, eliminate the license regime and to open its economy to foreign capital. With the opening of the economy, the Indian market has become intensely competitive and turbulent with the entry of greater foreign participation. This paper tries to build a conceptual model of strategic response through effective human resource management policies and practices within such a market environment. The article tries to understand this phenomenon from a contingency perspective through a single detailed case-study of an Indo-Japanese Joint Venture. Several issues relating to organizational redesign, effective corporate responses like organizational redesign, professional and employee oriented modes of management and a hybrid model of Indo-Japanese HRM interventions are discussed.

Suggested Citation

  • Som, Ashok, 2003. "Strategic Organizational Response of an Indo-Japenese Joint Venture to Indian's Economic Liberalization," ESSEC Working Papers DR 03023, ESSEC Research Center, ESSEC Business School.
  • Handle: RePEc:ebg:essewp:dr-03023

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    References listed on IDEAS

    1. Lakonishok, Josef & Shleifer, Andrei & Vishny, Robert W, 1994. " Contrarian Investment, Extrapolation, and Risk," Journal of Finance, American Finance Association, vol. 49(5), pages 1541-1578, December.
    2. repec:bla:joares:v:6:y:1968:i::p:67-92 is not listed on IDEAS
    3. Baruch Lev & Theodore Sougiannis, 1999. "Penetrating the Book-to-Market Black Box: The R&D Effect," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 26(3-4), pages 419-449.
    4. Lustgarten, Steven & Thomadakis, Stavros, 1987. "Mobility Barriers and Tobin's q," The Journal of Business, University of Chicago Press, vol. 60(4), pages 519-537, October.
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    More about this item


    Liberalization; Corporate response; Organizational design; Japanese management systems; Human resource management;

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation
    • N85 - Economic History - - Micro-Business History - - - Asia including Middle East
    • P13 - Economic Systems - - Capitalist Systems - - - Cooperative Enterprises

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