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Research Seminar with Professor Panish Puranam (HOPE-SMG Seminar)
September 30, 2014 @ 12:00 am - 1:15 pm
Decentralization in organizational resource allocation decisions: An experimental study
(joint work with R. Kotha, J, Narayanan, J. Nai and J. Tan)
In this research, we propose and test the hypothesis that decentralized organizational resource allocation processes are more likely than centralized resource allocation processes to mute a) differences in allocations, b) information that would lead to differences in allocations, as well as c) differences in perceptions of deservingness of allocations by the recipients themselves. As a consequence, decentralized resource allocation processes may be less likely to lead to allocations of resources based on expected rates of return (“ex-ante optimality”), but more likely to lead to greater perceived “ex-post equity” of allocations, than centralized resource allocations. An implication of this argument, if supported, is that where costs of deviating from allocations based on expected returns in decentralized resource allocation are smaller than the costs of perceived inequity arising in centralized resource allocation, the former may well be more effective than the latter.
Phanish Puranam’s bio in brief
Phanish Puranam is the Roland Berger Chair Professor of Strategy & Organization Design at INSEAD.
Previously, he was School Chair Professor of Strategy & Entrepreneurship at London Business School, where he headed the School’s PhD programme and co-directed the Aditya Birla India Centre.
Professor Puranam studies the design and management of collaboration structures within corporations (i.e. between divisions or departments) as well as between corporations (i.e. alliances and acquisitions). He has published his research in internationally reputed academic journals, and has served in senior editorial roles in such journals. His research has won international awards and competitive grants awarded across the social and natural sciences.
He is currently working on a book, The Design of Collaboration Structures to be published by Oxford University Press. His book on the prospects for India to emerge as a global hub for innovation, India Inside (co-authored with Nirmalya Kumar) was published by Harvard Business Review Press in 2012.
Phanish obtained his PhD at the Wharton School of the University of Pennsylvania, and was on the faculty of London Business School between 2001 and 2012, joining INSEAD in September 2012. In 2011 he was listed among the “World’s 40 best business school professors under the age of 40” by Poets &Quants. In 2013, he was included in the “50 Most Influential Business Professors” by MBA rankings.net.
Phanish has held affiliate scholarly appointments with other institutions such as the Advanced Institute of Management (UK), the Mack Centre for Emerging Technologies (Wharton) and the Indian School of Business.