On June 16, 2024, the chief executive officer (CEO), founder, and director of V21 Group of Ventures (V21), a real estate conglomerate based in Pune, India, was preparing to meet with members of a housing society in Mumbai to finalize the agreement for a residential reconstruction project. While the CEO had successfully built five real estate ventures, this was V21’s first project in the challenging field of real estate development, and it presented .....more

Teaching note for product W41515.

In September 2024, the governor of India’s central bank was reading a newspaper article that criticized the current monetary policy, the Flexible Inflation Targeting framework. The article questioned the appropriateness and effectiveness of the framework and was calling for a return to the previous multiple-indicators approach. Since its implementation in 2016, the Flexible Inflation Targeting framework was focused on price stability as the primary .....more

Teaching note for product W41648.

Mysore Deep Perfumery House (MDPH) faced the challenge of scaling a low-tech business in the incense stick market. Led by Prakash Agarwal and his sons, MDPH secured a substantial domestic market share through competitive pricing and extensive distribution, aiming to achieve a ?10 billion turnover by 2026. The company had to choose between expanding their core business or diversifying into related or new product lines. Expansion entailed deeper market .....more

Teaching note for product W37047.

In August 2022, a student pursuing his master of business administration degree in Mumbai at one of India’s top business schools found himself in a despondent situation as he prepared his curriculum vitae (CV) to apply for an internship position at Golden Tobacco Company. He had written an email to his former project supervisor (a senior fellow of the MIT Media Lab at the Indian Institute of Technology Bombay), requesting him to approve the project .....more

Teaching note for product W34200.

In May 2022, Rohan Jain, the second-generation entrepreneur of an Indian family-managed carpet design firm, TexCarp Consulting, had to decide whether to enter a new vertical with one of their biggest clients, American Carpets. The opportunity involved using technology and personnel to carry out virtual reality rendering for American Carpets so that the US-based company could showcase its products to clients in virtual space. Jain tried to convince .....more

Teaching note for product W34204.