Sunday, May 24, 2020

Jugaad Concept - 10018 Words

INDIAN INSTITUTE OF MANAGEMENT CALCUTTA WORKING PAPER SERIES WPS No. 677/ August 2011 JUGAAD- Not just â€Å"Making do† but a Low Cost Survival Coping Strategy at the Bottom of the Pyramids. by Ramendra Singh Assistant Professor, Indian Institute of Management Calcutta, Joka, Kolkata 700104 Vaibhav Gupta B.Tech Student, Department of Applied physics, Delhi Technological University, Delhi, India Akash Mondal B.Tech Student, Department of Metallurgical and Materials Engineering, Indian Institute of Technology, Madras, India JUGAAD- Not just â€Å"Making do† but a Low Cost Survival Coping Strategy at the Bottom of the Pyramids. Prof. Ramendra Singh1*, Vaibhav Gupta2#, Akash Mondal3^ï‚ ª Abstract Till the recent times,†¦show more content†¦This word has also been considered as an alternate meaning for the low level, borderline criminal activity in an informal economy2.In social science, the term refers to bribery. However, in business and management, such practices are evolving as innate, grass root level innovations3 aroused due limited access to capital, resources and infrastructure. Till now, the jugaad was mainly considered as way to get some things done quickly, saving time. Using a small rubber piece to stop water from the ceiling instead of getting it repaired permanently, or traveling on the bus roof instead of waiting of a vacant bus. These are a couple of jugaads that are done on a daily basis just to preserve time. Some unethical methods such as selling of milk mixed with w ater or, getting a seat in a college even if the seats are full, are also the part of jugaad. Considering the overall concept, jugaad can be broadly regarded as a low lost innovation, a coping mechanism a quick fix solution and sometimes an unethical way of getting anything done. Mitra, B.S. (1995) India’s Informal Car, Wall Street Journal, p.10 Krishna A. (2003) What Is Happening to Caste? A View from Some North Indian Villages. The Journal of Asian Studies. 62(4), pp. 1171-1193. Available at: http://www.jstor.org/stable/3591763?orgin=crossr 3 Mitra, B.S. (2006) GrassShow MoreRelatedSikhism : Religion Of Self1442 Words   |  6 Pagesnever dies) Ajooni (He is beyond births and deaths) Saibhang ( He is self illuminated) Gurprasaad (He is realized by the kindness of the True Guru) Jap (Repeat His Name) Aad sach (He is True in the beginning, (before the anything (universe) existed) Jugaad sach (He was True when the ages commenced and has ever been True) Hai bhi sach (He is also True now) Nanak hosi bhi sach. ((Satguru) Nanak (says that) he will be certainly True in the future.) Sikhism stresses that God judges all people as to theirRead MoreBusiness Cvommunication Conclusion11663 Words   |  47 PagesSTUDY GUIDE Principles of Management TRUE/FALSE 1. The nature of management is to control and dictate others in an organization. ANS: F PTS: 1 DIF: 2 REF: 6 NAT: AACSB: Analytic | AACSB: Motivation Concepts MSC: F 2. In today’s turbulent and hypercompetitive global environment, managers must help their companies innovate more than ever. ANS: T PTS: 1 DIF: 2 REF: 8 NAT: AACSB: Analytic | AACSB: Creation of Value MSC: F 3. The late famed management theoristRead MoreI Love Reading Essay69689 Words   |  279 PagesIndia occurs in ‘far more encompassing and far reaching ways than in developed countries’, and could therefore be far more complex, ‘for there is so much more that needs to be done’.14 Commentators today celebrate the ubiquitous Indian attitude of ‘Jugaad’ (a Hindi word roughly translated as ‘creative improvisation†¦a tool to somehow ï ¬ nd a solution based on a refusal to accept defeat, and calling on initiative, quick thinking, cunning and resolve†¦to quickly fulï ¬ ll market demands at the lowest possible

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