(Photo by Stuart Cahill)
Harvard Business School professor Krishna G. Palepu has been appointed senior advisor for global strategy to Harvard University President Drew Gilpin Faust.
In this role, Palepu will implement proposals from the school’s International Strategy Working Group and work on international fundraising, as well as relations with Harvard about 40,000 alumni who live and work abroad.
His appointment is viewed as another move by Harvard to increase its international engagement. It is widely viewed that the International Strategy Working Group is considering partnering with other schools abroad and expanding Harvard’s international presence.
Palepu joined the faculty of the Harvard Business School in 1983, and he is currently the Ross Graham Walker Professor of Business Administration. In addition to his academic position and his new role as a senior advisor, Palepu is currently the senior associate dean for international development at the Harvard Business School.
Palepu’s current research and teaching activities focus on strategy and governance and he has published numerous academic and practitioner-oriented articles and case studies on these issues.
In the area of strategy, his recent focus has been on the globalization of emerging markets, particularly India and China, and the resulting opportunities and challenges for western investors and multinationals, and for local companies with global aspirations. He is a coauthor of the book on this topic, “Winning in Emerging Markets: A Road Map for Strategy and Execution.” He developed and taught a second year MBA course, “Globalization of Emerging Markets,” which focuses on these issues. In addition, Palepu chairs the executive education programs, “Global CEOs Program for China” and “Building Businesses in Emerging Markets.”
In the area of corporate governance, Palepu’s work focuses on board engagement with strategy. He teaches in several executive education programs aimed at members of corporate boards: “Making Corporate Boards More Effective,” “Audit Committees in a New Era of Governance” and “Compensation Committees: New Challenges, New Solutions.”
In his prior work, Palepu worked on mergers and acquisitions and corporate disclosure. Based on this work, he coauthored the book, “Business Analysis and Valuation Using Financial Statements: Text and Cases,” which won the American Accounting Association’s Wildman Award for its impact on management practice, as well as the Notable Contribution to the Accounting Literature Award for its impact on academic research. This book, translated into Chinese, Japanese, and Spanish, is widely used in leading MBA programs all over the world. It is accompanied by a business analysis and valuation software model published by the Harvard Business School Publishing Company.
Palepu has served on a number of public company and non-profit boards. He has also been on the editorial boards of leading academic journals, and has served as a consultant to a wide variety of businesses. Krishna Palepu is a researcher at the National Bureau of Economic Research.
He has a doctorate in management from the Massachusetts Institute of Technology, and an honorary doctorate from the Helsinki School of Economics and Business Administration.