S. Ramakrishna
(Rama) Velamuri

China Europe International Business School (CEIBS)

699 Hongfeng Road, Pudong

Shanghai 201206, People’s Republic of China

Tel: +86-21-28905890; Fax: +86-21-2890-5678

E-mail: rvelamuri@ceibs.edu

SSRN Author Page: http://ssrn.com/author=485205

 

 

 

Academic Experience

 

Associate Professor – China Europe International Business School (CEIBS), Shanghai, PRC, September 2007 to date

 

Assistant Professor – IESE Business School, Barcelona, Spain, September 2003 – August 2007

 

 

Education

 

PhD – Entrepreneurship, Business Ethics, and Strategy, August 2003

Darden Graduate School of Business, University of Virginia, USA

 

Dissertation title: “Corruption and Entrepreneurship”

Committee: Professors S. Venkataraman, R. Edward Freeman, S. Sarasvathy, and Patricia H. Werhane

 

MBA - Bilingual Program, 1985

IESE Business School, Barcelona, Spain

 

Bachelor of Commerce (B.Com), 1983 (First class)

University of Madras, India

 

European Entrepreneurship Colloquium for Participant Centered Learning (EECPCL), 2005

Harvard Business School, USA

 

 

Awards and Scholarships

 

o        Winner of the 2008 EFMD Case Competition in the category Emerging Chinese Global Competitors (2,000 Euros prize) for the case “South Beauty: In Quest of a ‘Beautiful’ Growth Story,” (co-authored with Xu Leiping). 2009

o        IESE Alumni Association Research Excellence Award of 10,000 Euros (one of four awardees) for “contributions made over the last three years to academic publications with international reach, and for consistent research trajectories.” 2005

o        Fully funded doctoral scholarship from the Batten Institute at the Darden Graduate School of Business, University of Virginia. 1999-2003

o        Four Darden Foundation Awards for academic articles written during the Doctoral Program. 1999-2003

o        Three tuition scholarships from Goethe Institut for excellence in German language study. 1981-1983

 

 

 

Refereed Publications

 

o        “Business Model Innovation Through Trial and Error Learning: The Naturhouse Case” (with Rosa Nelly Trevinyo-Rodriguez and Marc Sosna), forthcoming in Long Range Planning special issue on Business Models

o        “Parental Entrepreneurial Role Model Influence: Is it Always Positive and When Does it Occur?” (with Edward Mungai), forthcoming in Entrepreneurship Theory and Practice

o        "States, power, legitimacy and maintaining institutional control: The battle for private sector telecommunication services in Zimbabwe" (with Jerry Goodstein), 2009. Organization Studies, 30(5): 489-508

o        “The Design of Member Review: Showing What to Organization Members and Why,” (with Karen Locke), 2009. Organizational Research Methods, 12(3): 488-509

o        “Evolutionary Processes, Moral Luck and the Ethical Responsibilities of the Manager,” (with Nicholas Dew). 2010. Journal of Business Ethics, 91(1): 113-126

o        “The Potential for Management Development in NGO-Private Sector Partnerships,” (with Anjaney Borwankar), 2009. Journal of Management Development, 28(4): 326-343

o        “EasyFinance: Developing the Capacities for Growth,” (with Fu Xin) forthcoming in International Review of Entrepreneurship (formerly International Journal of Entrepreneurship Education)

o        “Resisting Corruption: Polyhydron Private Limited”, (with Marc Sosna), 2008. International Journal of Entrepreneurship Education, 6(4): 199-216

o        “South Beauty: In Quest of a Beautiful Growth Story”, (with Xu Leiping), forthcoming in Asian Case Research Journal.

o        “Toehold Artisans Collaborative: Building Entrepreneurial Capabilities for Poverty Reduction,” (with Sindhu Shanmugam), 2008. Asian Case Research Journal, 12(2): 187-213

o        “Why Stakeholder and Stockholder Theories are Not Necessarily Contradictory: A Knightian Insight,” (with S. Venkataraman), 2005. Journal of Business Ethics, 61(3): 249-262

o        “Dispersed Knowledge and an Entrepreneurial Theory of the Firm” (with Nicholas Dew and S. Venkataraman), 2004. Journal of Business Venturing, 19(5): 659-679

o        “An Empirical Study of the Transition from Paid Work to Self-Employment,” (with S. Venkataraman), 2005. Journal of Entrepreneurial Finance and Business Ventures, 10(1): 1-16

o        “Entrepreneurship, Altruism, and the Good Society,” 2002. special issue The Ruffin Series No. 3

 

 

Book

 

o        “Entrepreneurship in Emerging Regions Around the World: Theory, Evidence and Implications,” May 2008, (co-editor, with P. H. Phan and S. Venkataraman), Edward Elgar Publishing

 

 

Book Chapters

 

o        “Opportunity Recognition and Exploitation in Highly Uncertain Environments,” in C. Scholz and J. Zentes (eds.) Strategic Management: A European Approach, Wiesbaden: Betriebswirtschaftlicher Verlag Dr. Th. Gabler GmbH, 2002

o        “Three Views of Entrepreneurial Opportunity,” (with Saras Sarasvathy, S. Venkataraman, N. Dew) in Zoltan Acs and David Audretsch (eds.) Handbook of Entrepreneurship, Kluwer Academic Publishers, 2002

o        “Corruption and Moral Risk in Business Settings,” (with Patricia H. Werhane and D. Eric Boyd) in Marc Epstein and K. Hanson (eds.) The Accountable Corporation, Volume 2 Business Ethics, Praeger Publishing, 2005

o        “A New Approach to CSR: Company Stakeholder Responsibility,” (with R. Edward Freeman) – in Andrew Kakabadse and Mette Morsing (eds.) Corporate Social Responsibility: Reconciling Aspiration with Application, Palgrave MacMillan, pages 9-23. 2006

o        “European Entrepreneurship – From Deterministic Government Policy to Market Experimentation” (with Marc Sosna) – in Strategic Management: New Rules for the Old Europe , edited by Christian Scholz and Joachim Zentes (Betriebswirtschaftlicher Verlag Dr. Th. Gabler)

 

 

Manuscripts under review / working papers

 

o        “Do Venture Capitalists Add Value to IPOs? Evidence from Listings in Mainland China,” (with Yan Gao and Herman Mulyana)

o        “The Salience of Ethical Values in the Stakeholder Resource Commitments to New Ventures,” (with Karen Locke)

o     “Holistic Decision Making and Long Term Firm Performance,” (with Miguel Angel Ariño and Juan Carlos Vázquez-Dodero)

o      “Generating and Managing Growth: Two Very Different Challenges,” (with Marc Sosna)

o     “The Role of Values in the Creation of Economic Value”

o     “A Dynamic Perspective on Entrepreneurial Orientation: Evidence from the Chinese Manufacturing Sector,” (with Yuan Ding and Veronique Malleret). This paper won an Excellent Paper award (was selected among the best three submissions out of 200) at the Academy of Innovation and Entrepreneurship conference organized by Oxford University and Tsinghua University in Beijing in 2009.

 

 

Book Review

 

o        “Taking Research to Market: How to Build and Invest in Successful University Spinouts,” edited by Kenny Tang, Ajay Vohora and Roger Freeman. Book review (with Pere Condom) in Universia Business Review (Spanish)

 

 

Publications in popular and business press

 

o     “Achieving High Growth in a Mature Market: The Naturhouse Case,” in Universia Business Review

·         Chinese version forthcoming in CEIBS Business Review

o     “European High-Growth Technology Companies: Turning Challenges Into Opportunities For Global Expansion,” (with Dave Darsch and Marc Sosna), Summer 2007, Market500

o        “Developing Global Managers,” (with Paddy Miller), August 1997, The Financial Times, Mastering Management section

o        “Entrepreneurship as a Core Competence in the Large Corporation (with Michele Appendino), in The CriticalEye Review, Spring 2006 issue

o        “El Outsourcing Industrial,” November 1993 in Actualidad Económica

o        “También se puede ser feliz con el dragón,” December 19, 2004 in La Vanguardia

o        “La Identificación de Oportunidades Emprendedoras,” April 12, 2005 in Diario Financiero, Chile

o        “El Poder Económico,” (with Kimio Kase, Jaume Ribera, and Pedro Videla) in La Vanguardia Dossier – Asia: El Poder del Siglo XXI, July-September 2005

 

 

Case studies

 

o        Resisting Political Corruption: Econet Wireless Zimbabwe (Research Case Study)

o        Resisting Political Corruption: Econet Wireless Zimbabwe (with Jordan Mitchell) (A), (B) and (C) – 2003

o        Resisting Bureaucratic Corruption: Alacrity Housing Chennai (Research Case Study)

o        Resisting Bureaucratic Corruption: Alacrity Housing Chennai (with Jordan Mitchell) (A) and (B) – 2004

o        Resisting Bureaucratic Corruption: Polyhydron - 2006 (with Marc Sosna)

o        Developing Business Models: Naturhouse – 2004. Selected as one of twelve best IESE cases of 2004, published in a McGraw Hill case book

o        Grafinsa – 2004 (unpublished)

o        Kürt Rt. – 2005 (with Jordan Mitchell)

o        Camper: Imagination is not Expensive – 2007 (with Jordan Mitchell)

o        N-Logue Communications: Bridging the Digital Divide (with Indira Ananth), Indian School of Business case - 2005

o        Infosys Technologies: Powered by Intellect, Driven by Values – 2005 (with Jordan Mitchell)

o        Mittal Steel: The Making of the World’s Largest Steel Company (A) and (B) – 2005 (with Jordan Mitchell)

o        Airtel-Vodafone (with Jordan Mitchell) - 2006

o        Turnaround Management: Finanzauto S. A. (with Paddy Miller) – 1998

o        Enso Española (A) and (B), (with Paddy Miller) – 1998

o        Alois Linder at Henkel Iberica (with Paddy Miller)1999, for use only in Henkel Programs

o        Henkel Water Treatment (with Jordan Mitchell) – 2006 (unpublished)

o        Ericsson Expander - 2006 (with Anindya Ghosh)

o        Claris Life Sciences

o        South Beauty: In Quest of a Beautiful Growth Story - 2008, (with Raymond Xu)

    • A summary of this case was published in CEIBS Business Review
    • Published in “Strategic Management: Competitiveness and Globalization”, 9th Edition, Michael Hitt, Duane Ireland, Robert Hoskisson (eds), Cengage Learning - 2010

o        EasyFinace: Building the Capabilities for Growth – 2008, (with Fu Xin)

    • A summary of this case was published in CEIBS Business Review

o        Fight for Survival:The First Year of the Hongfeng Hanyuan Consulting Company – 2008, (with Fu Xin)

o        Qingfeng Textile Company: The Challenges of Recruiting, Training and Retaining Talent in SMEs - 2009, (with Fu Xin)

    • A summary of this case was published in CEIBS Business Review with 3 commentaries

o        Swagruha Foods – 2008

o        Ashta Chamma: The Biggest Small Budget Movie Ever Made (A) and (B) - 2009

o        Golden Star Facilities and Services - 2009

o        Law School Tutorial - 2009

 

 

Conference presentations

 

o           “Entrepreneurship, Altruism, and the Good Society”. Tenth Annual Global Entrepreneurship Research Conference, Imperial College of Science, Technology, and Medicine, London, March 2000

o           “Entrepreneurial Opportunity Recognition, Discovery, and Creation” (with Nicholas Dew, Saras Sarasvathy and S. Venkataraman). Strategic Management Society Conference, Vancouver, Canada, October 2000

o           “The Influence of Opportunity Cost on the Self-Employment Decision” (with S. Venkataraman). Eleventh Annual Global Entrepreneurship Research Conference, EM Lyon, France, April 2001

o           “The Responsibilities of the Ethical Actor under an Evolutionary Perspective.” Society for Business Ethics Annual Meeting, Washington DC, USA, August 2001

o           “Dispersed Knowledge and an Entrepreneurial Theory of the Firm.” Lally-Darden Entrepreneurship Retreat, Warrenton, USA, February 2002

o           “The Role of the Entrepreneur’s Ethical Values in the Stakeholder Network Emergence of New Ventures.” EISB Conference, Milan, Italy, September 2003

o           “The Role of Ethical Values in the Stakeholder Network Emergence of Entrepreneurial Ventures.” Babson Kaufmann Entrepreneurship Research Conference, University of Strathclyde, Glasgow, Scotland. June 2004

o           “Resisting the Resistance: An Empirical Study of Organizational Defiance and Institutional Response.” Paper accepted at the Academy of Management, New Orleans, August 6-11, 2004

o           “Member Checking: Reflections from a Qualitative Case Study.” Paper accepted at the Academy of Management, New Orleans, August 6-11, 2004

 

 

Service

 

o        Member of the Editorial Board, Journal of Business Venturing

o        Ad hoc reviewer - Management Science, Journal of Management, Academy of Management Review and Research Policy

o        Reviewer – Academy of Management Annual Meetings – Business Policy and Strategy and Entrepreneurship Divisions

o        Reviewer – Strategic Management Society, 2004 Conference, Puerto Rico

o        Reviewer – EISB 2004 Conference, Turku, Finland

o        Executive Committee Member - Entrepreneurship, Innovation and Small Business Network of the European Foundation for Management Development

o        Co-Chair – 35th EISB Conference, IESE Business School, September 12-14, 2005

 

 

Service to Institution

 

o        Associate Director, International EMBA Program, CEIBS, 2010 to date

o        Co-Academic Director, CEIBS-IESE-Wharton Global CEO Program for Latin America 2009 to date CEIBS

o        Academic Director, Global Executive MBA Program, 2006-2007, IESE

o        Academic Director, Short Focused Program on Entrepreneurial Management (in Spanish), 2004 and 2005, IESE

o        Academic Director, Henkel Adhesives Technologies Entrepreneurship and Innovation and Profitable Growth Programs, 2005, 2006, 2007, 2008 (Eight editions rated 4.3 to 4.6 on a scale of 1-5), IESE

o        Academic Director, Inside India Program 2006, 2007, 2008 (Rated 4.5 - 4.7 on a scale of 1-5), IESE

o        Team Leader, First Year Section B, IESE

o        Member of the Advisory Council, Center for Family Business and Entrepreneurial Initiative, IESE

o        Member of the IESE Steering Committee of the European Association for Business in Society (EABIS) project on mainstreaming business ethics into the MBA curriculum

 

 

Teaching and executive education experience

 

CEIBS (September 2007 to date)

 

  • MBA Program, Introduction to Entrepreneurship (1st Year Elective)
  • MBA Program, Starting New Ventures (2nd Year Elective)
  • MBA Program, Negotiation (2nd Year Elective)
  • EMBA – Negotiation Skills (2nd Year Elective)
  • EMBA – Entrepreneurial Management (2nd Year Elective)
  • EMBA – Corporate Governance and Ethics
  • EDP Open Program – Negotiation and Decision Making
  • EDP Global Latin American CEO Program, in partnership with the Wharton School and IESE Business School (co-Academic Director)

 

 

IESE Business School, Barcelona, Spain (2003 to 2009)

 

o        MBA Program, Entrepreneurship – Starting New Ventures (2nd Year Elective)

o        MBA Program, European Entrepreneurship Accelerator, in partnership with INSEAD (2nd Year Elective)

o        MBA Program – Negotiation (1st Year Core)

o        Doctoral Program – One week seminar in Entrepreneurship

o        Program for Management Development (PMD) – Negotiation

o        General Management Program – Entrepreneurship module (in Spanish)

o        Focused Program on Entrepreneurial Management – 3 days (in Spanish)

o        International Faculty Development Program – Entrepreneurship Module

o        CEO Collaborative Forum (30 venture capital backed CEOs of high growth technology ventures)

o        Henkel Adhesives Technologies and Profitable Growth Programs – Entrepreneurship Module (Academic Director)

o        Abbott Laboratories – Values and Value Creation

o        Comunidad de Madrid – Negotiation

o        Grupo Santander – Entrepreneurship

o        Grupo BBVA – Values and Value Creation

o        Goodyear Dunlop – Negotiation

o        Vodafone Egypt – Managing High Growth

o        Reykyavik University Executive MBA - Negotiation

 

 

Visiting Professor:

 

  • Indian School of Business (2004 to date) – PGP, CEE and EEDC
  • Gordon Institute of Business Science (GIBS) Program for UNICEF, Hong Kong
  • Universidad de Piura - Piura, Peru (2004 - 2006)
  • IPADE – Mexico City, Mexico (2006)
  • McIntire School of Commerce, University of Virginia – Undergraduate program: January – May 2001
  • Boston University, Zaragoza, Spain - Master of Science in Management Program: From 1993 to 1995
  • The ENPC MBA Program in Kochi, India (run by the Ecole Nationale des Ponts et Chaussées, Paris): 1996
  • The University of Saarland, Saarbrücken, Germany: MBA Program. From 1997 to date
  • Universitaetsseminar der Wirtshaft (USW), Erfstadt, Germany. 1998 and 1999. Modules on Strategic Management for Felix Schoeller AG and on Post Merger Integration for Degussa-Huels        
  • IEDC, Kranj, Slovenia. 1998

 

 

Participation in corporate events and outreach activities

 

o        Organized a one day conference at CEIBS titled “Possibilities for Co-operation between Chinese and Indian Companies,” with leading speakers such as the former Ambassador of China to India, the Indian Consul General in Shanghai, and managers from leading Chinese and Indian corporations, December 2009

o        Panelist in a session on Corporate Governance organized by the Compliance Cell, ICICI Bank, Mumbai, 2009

o        Speaker on Corporate Responsibility at Infosys China, Shanghai, 2008

o        Represented IESE Business School in the European Tech Investment Forums held in Milan and London in September 2003 and March 2004 respectively. These forums brought together the most promising European seed and early stage ICT ventures and the leading European venture capital firms

o        Participate regularly in coaching sessions for entrepreneurs to prepare them for presentations to angel investors and venture capitalists

o        Speaker on India: Opportunities and Challenges at a number of events in Spain organized by IESE, the Confederation of Spanish Chambers of Commerce, Spanish Institute for Export Promotion (ICEX), CECOT, Banc Sabadell, Casa Asia, AMEC and Tribuna Girona

 

 

Consulting Experience (1991 – to date)

 

International Finance Corporation (IFC) (2005 to date): Worked on

 

i) a Global Business School Network (GBSN) project with the faculty of the Lagos Business School in the development of Nigerian entrepreneurship case studies,

 

ii) a Private Enterprise Partnership project to nurture Enterprise Development Centers (EDCs) in Ghana, Kenya, Tanzania and Rwanda, based on the EDC model in Lagos, Nigeria

 

World Bank (2004): Worked with case writers in India on the development of case studies on private and public initiatives to leverage Information and Communication Technologies (ICTs) for achieving the education objectives outlined in the Millennium Development Goals

 

i) Same Language Subtitling: When a Nation Watches TV and Learns to Read a Newspaper

 

ii) Catalyzing Rural Education Through Information Technology: Computer Assisted Learning Centers of India’s Karnataka State

 

iii) Computer Education in Schools: Case Study of Headstart Program

 

Management consultant: Carried out projects for Spanish, Indian, and American clients in the areas of market entry strategy, commercial due diligence, and purchase management services. Industries covered included apparels, food products, industrial batteries, and industrial fasteners and access systems. Certified by the Confederation of Spanish Chambers of Commerce and the Spanish Institute for Export Promotion (ICEX) to work as a consultant in the EU funded program for the internationalization of Spanish small and medium enterprises

 

 

Managerial experience (1985 – 1991)

 

Grupo Tudor, Madrid, Spain. Automotive and industrial battery manufacturer; one of the largest manufacturing companies in Spain; listed on the Madrid Stock Exchange. 1991 revenues and workforce: $700 million and 6,000 employees

 

o        1985 – 1986: Assistant Area Manager, International Division, based in Madrid

o        1986 – 1989: General Manager of the group’s UK subsidiary in Bristol, England (1989 revenues and workforce: $7.2 million and 22 employees). Achieved cumulative annual growth rate (CAGR) of 36% over 3 years

o        1989: Advisory position at the head office in Madrid. Participated in the post acquisition integration of a listed company in Germany, in acquisition negotiation teams in France and England, and in the reorganization of the sales and distribution structure of the automotive battery business in Spain

o        1990 – 1991: General Manager of a newly created division that was responsible for the group’s subsidiaries in the UK, France, Holland, and Italy (1991 divisional revenues and workforce: $45 million and 170 employees). Member of the Group Management Committee

 

 

Languages                          

 

English          Fluent                    Spanish         Fluent

Hindi             Good                     Telugu          Good (spoken)

Tamil            Good (spoken)         German         Good

French          Conversational         Mandarin       Basic