Lakshmangarh, Sikar: The idea of establishing a Harvard campus in India is perceived to boost the importance of the emerging economies. The new Indian born dean of Harvard Business School, Nitin Nohria feels that in near future, it is quite possible for an Indian or Chinese business school to challenge the world's best MBA programs.The new Harvard dean admits in an interview with Wall Street Journal that countries like India and China will emerge as competitors in the b-school field, just the way they have proved their prowess in the corporate field. "It's true for American businesses, too, that had dominated the lists of the global top 100 and 500 companies for the entire Twentieth Century. When they started seeing companies from other countries on that list they said, 'What are they doing on our list. We're supposed to own it,' he asserts. He understands that the thought process of countries like U.S. and Europe must undergo certain changes. The two countries have to hold back their domineering attitude to make themselves a part of the global competition.
Nohria believes that the most important lesson which the Western business can learn from the Indian and Chinese market is to look into the domestic market, studying the markets' inclination towards goods offered at a rate, which no one would imagine to offer in any developed nation.
