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Interview with Bala V Balachandran on Government and Business

December 2009 - By Dr. Nagendra V Chowdary

It was clear to me that in many companies both in the US and in India, the top line was a VANITY, the middle line was a CALAMITY and therefore the bottom line has no SANITY. It is clear that the only REALITY is cash flow.
– Dr. Bala V Balachandran
Effective executive Interview with Bala V Balachandran on Government and Business

Bala V Balachandran Dr. Bala V Balachandran began his teaching career in 1960 while a graduate student at Annamalai University, India. In 1967 he moved to the University of Dayton and in 1971, to Carnegie-Mellon University, Pittsburgh, where he taught management courses while working on his doctorate. In 1973 he joined the Kellogg Graduate School of Management faculty. From 1979-83 he chaired the Department of Accounting and Information Systems; he was appointed Distinguished Professor of Accounting and Information Systems and Decision Sciences in 1984. He was also director of the Accounting Research Center. Balachandran’s teaching interests include managerial accounting, auditing, management information systems, and mathematical programming. He is one of the three Kellogg faculty members who started the Information Resource Management Program (IRM) at Northwestern in 1974. He has authored more than 55 research articles and is currently writing a managerial accounting textbook with emphasis on cost management in an automated manufacturing environment. He is department editor in accounting for Management Science, associate editor for The Accounting Review and is on the editorial boards of Contemporary Accounting Research, and the Journal of Accounting, Auditing and Finance. His research deals with performance evaluation, cost management, audit planning, allocation models, and forecasting. His recent work includes auditors’ legal liability and game theoretic cost allocation models with transfer pricing. His work has earned numerous scholastic honors, awards, and fellowships, and he serves as a consultant to senior management in industry, as well as to the US Air Force, in the areas of accounting, forecasting, and strategic decision support systems. He has been actually involved in setting up Management Institutes in India and was involved in the MBA Programs at MDI, Gurgaon in early 1990s and ISB at Hyderabad at the turn of this century and Great Lakes Institute of Management at Chennai in 2004. Great Lakes Institute of Management is his dream project of putting Chennai on the International Management Education Map. He is the founder and Honorary Dean of this International Class Institute. He was awarded the ‘Padmashri’ in 2001 by the Government of India in recognition of his contribution to the education in India. He also has the rare honor (for an Indian in America) of having an endowed chair professorship in his name. Several colleagues from Kellogg have led a campaign to raise $1 mn for an endowed professorship at Kellogg School of Management in Prof. Bala V Balachandran’s name in recognition of his invaluable and tireless service to the Institute over the last three decades.

Useful for Understanding of:

  • The reasons for US Financial Crisis
  • The implications for developed and developing countries
  • The efficacy of Bailouts
  • The role of Governments in the post financial crisis
  • The major business trend in the post financial crisis
Originally Published in Global CEO, IUP
Global CEO Reference No. 03M-2009-12-05-06
IBSCDC Reference No. INT0116
Year and Month of Publication December 2009
Keywords Bala V Balachandran, US Financial Crisis, MBA, Business Schools, Central Banks, Wall Street Funds, Investments banks, Executive Pay, Regulatory reforms, Great Depression, Great Lakes Institute Management
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