Nirmalya Kumar is Lee Kong Chian Professor of Marketing at Singapore Management University and Distinguished Executive Fellow at INSEAD Emerging Markets Institute. Previously, he was Member-Group Executive Council at Tata Sons. As an academic, he has previously taught at Columbia University, Harvard Business School, IMD (Switzerland), London Business School, and Northwestern University (Kellogg School of Management). Nirmalya has written seven books, five of which were published by Harvard Business Press. Nirmalya holds a PhD in marketing from Northwestern University.
Fifteen years ago, with the arrival of Maya, I became a father. As all parents feel, it was a transformational event. Sometimes, as new parents, we forget that becoming a parent is something that has happened billions of times before. Yes, it is a unique event, but only for us as individuals, not for humanity.
My first teaching assignment at SMU (Singapore Management University) was teaching the core strategy course in the DBA (Doctor of Business Administration) program. This was an interesting assignment. Despite a thirty-year teaching career, I had previously never taught a strategy course.
The separation of control from ownership in publicly listed companies requires effective corporate governance. As investors have limited visibility, it gives rise to the “agency problem”, where managers, as agents, may not run the company in the best interests of the shareholders.
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