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That's also the idea behind the ISB. The brainchild of Rajat Gupta, former head of McKinsey & Co., the school is funded by some of the country's biggest corporations. Kellogg, Wharton and the London Business School helped design the curriculum. Tuition for the one-year M.B.A. degree is about $43,000, and most of its 400 or so students pay full fare, although there are some scholarships. The majority of the faculty are U.S.-educated Indians, many of whom were teaching in the U.S. and have been lured home with salaries of about $75,000, five times what...
...Economists note that at least part of China's soaring demand comes from its artificially low prices. Together, the Chinese and Indian governments provide suppliers about $15 billion a year in subsidies. A recent report by consulting firm McKinsey & Co. estimates that "ending fuel subsidies worldwide would cut demand for transportation fuels by three million barrels a day" - about 3.4%. Meanwhile, the recent shortages have led at least one Beijing resident to rethink his personal fuel consumption. Stuck in line at a gas station Wednesday, Du Peng remarked, "Now I'll have to reconsider my plan to purchase...
Porter is considered one of the leading authorities on competitive strategy. Among other honors, he has received three first-place McKinsey Awards, an unprecedented feat. The Award recognizes the best article published in the Harvard Business Review each year. CORRECTION
...With the economy galloping and the ranks of the middle class swelling, India's $350 billion retail sector - which a McKinsey study says will be worth $1.52 trillion by 2025 - has local and overseas corporations salivating. India is a nation of shopkeepers: over 95% of the country's estimated 12 million retail outlets are small, mom-and-pop operations, striving alongside countless hawkers, vendors and street-stall owners. The network of small local markets that supply much of India's groceries has been honed over decades, but the notoriously inefficient system of middlemen it relies upon has been dogged...
...this legal differential mirrors a class differential. Most drug dealers are not recent economics graduates, and most freshly-minted MBAs do not consider a career in dealing alongside their offers from McKinsey & Co. and Goldman Sachs. They are made up mostly of desperately poor people—people for whom the inflated demand of pot represents a rare economic opportunity in a world where jobs are scarce and education scarcer...