Sougata Ray is a Professor of Strategy and Entrepreneurship (Practice), Thomas Schmidheiny Chair Professor and Executive Director (Designate) of the Thomas Schmidheiny Centre for Family Enterprise. Earlier he served Indian Institute of Management Calcutta for over two decades as a Professor of Strategic Management, a member of the Board of Governors and Dean. He was also a senior level executive in Infosys Technologies Limited for two years in a strategic role as Head of innovation Lab. He is an alumnus of Indian Institute of Management, Ahmedabad and Indian Institute of Engineering, Science and Technology, Shibpur.
Sougata’s research interests have evolved over the years in understanding various facets of strategic management, entrepreneurship, innovation and governance of firms and business groups in high growth economies. Given the ubiquity of family firms in India and observing how family owners and leaders play a pivotal role in shaping the future of enterprises, he was gradually drawn into family business research. Since the past few years, under the aegis of the Thomas Schmidheiny Centre for Family Enterprise, he has been spearheading a mega program towards developing a solid research based understanding of family firms and business groups in India and South Asia. He has also been leading a research program in the areas of social entrepreneurship, corporate sustainability strategy and practices, Bottom of the Pyramid initiatives, and involvement of corporations in inclusive and sustainable development.
Sougata is one of the most prolific and cited home-grown strategy scholars in India. He has been publishing regularly in reputed scholarly journals and presenting in leading peer-reviewed international conferences. Sougata received over half a million dollar research grants, several prestigious research and teaching awards and many more award nominations.
Sougata blends over three decades of experiences in diverse roles – international quality academic, research and institution building practice with hands on corporate managerial and governance experiences as an executive, member of the Board of Directors, and co-founder of start ups.. He has been an advisor to numerous medium and large corporations, family businesses and start ups, and Principal Consultant to leading International Development Agencies. He currently sits on the governing and advisory boards of several listed and unlisted companies, start ups and social enterprises. Sougata has taught in numerous executive education programs, designed and conducted many workshops exclusively for Owner-managers, Entrepreneurs and C-Level Executives of companies in India, Asia, Middle East, Nordic and Scandinavian countries. Over the years he has led over thirty C- level executive delegations to multiple countries in every continent for high-level meetings with the Ministers and high ranking officials, Multilateral agencies such as WTO and ILO, Chambers of Commerce, MNCs, Industrial Organizations, Research Labs and Academic Institutions.
- Ph D (Management), Indian Institute of Management Ahmedabad
- Bachelor of Mechanical Engineering , Bengal Engineering and Science University
Ray, Sougata.,Sasanka Sekhar Chanda. (forthcoming) "Optimal Exploration and Exploitation: The Managerial Intentionality Perspective", Computational and Mathematical Organizational Theory
Ray, Sougata.,Sathyajit Gubbi.,Preet Aulakh. (forthcoming) "Exogenous shifts, business group affiliation and heterogeneity in firm responses", Organization Science
Shroff, Nemit.,Ray, Sougata.,Rodrigo Verdi. (2019) "The Effects of Financial Reporting and Disclosure on Corporate Investment: A Review", Journal of Accounting and Economics
, 68, 101246
Ray, Sougata.,Raveendra Chittoor.,Preet Aulakh. (2015) "Accumulative and Assimilative Learning, Institutional Infrastructure, and Innovation Orientation of Developing Economy Firms", Global Strategy Journal
, 5, 133-153
Ray, Sougata.,Raveendra Chittoor.,Preet Aulakh. (2015) "What drives overseas acquisitions by Indian firms? A behavioural risk-taking perspective", Management International Review
, 55 (2), 255-275
Ray, Sougata.,Sathyajit Gubbi.,Raveendra Chittoor.,Preet Aulakh.,M.B. Sarkar. (2010) "Do International Acquisitions by Emerging Economy Firms Create Shareholder Value? The Case of Indian Firms", Journal of International Business Studies
, 41, 397–418
Ray, Sougata.,Sathyajit Gubbi. (2009) "International acquisitions by Indian firms: Some observations and implications for future research on emerging multinationals", Indian Journal of Industrial Relations, Special Issue on Global Indian Firms
, 45 (1), 11-26
Ray, Sougata.,Indrajit Mukherjee. (2009) "Founding context, business model and performance of new ventures in emerging economies-a longitudinal study", Frontiers of Entrepreneurship Research
, 29 (13), 24-43
Ray, Sougata.,Raveendra Chittoor.,Preet Aulakh.,M.B. Sarkar. (2009) "Third-World Copycats’ to ‘Emerging Multinationals’: Institutional Transformation and Strategic Renewal in the Indian Pharmaceutical Industry", Organization Science
, 20, 187-205
Ray, Sougata. (2009) "A comment on Revisiting the Internationalization – performance relationship: Implication for emerging economy firms", Decision
, 36 (2), 40-44
Ray, Sougata.,Raveendra Chittoor.,Preet Aulakh.,M.B. Sarkar. (2008) "Strategic Responses to Institutional Changes: ‘Indigenous Growth’ Model of the Indian Pharmaceutical Industry", Journal of International Management
, 14 (3), 252-269
Ray, Sougata.,Raveendra Chittoor. (2007) "Internationalization Paths of Indian Pharmaceutical Firms: A Strategic Group Analysis", Journal of International Management
, 13 (3), 338-355
Ray, Sougata.,K. Ramachandran. (2006) "Networking and resource strategies in new ventures: A study of information technology start-ups", Journal of Entrepreneurship
Ray, Sougata.,K. Ramachandran.,T.P. Devarajan. (2006) "Corporate Entrepreneurship: How?", Vikalpa – The Journal of Decision Makers
Ray, Sougata.,A. Chakrabarty. (2006) "Strategic change of firms in response to economic liberalisation in an emerging market economy", International Journal of Strategic Change Management
Ray, Sougata. (2006) "Resources, Competences and Capabilities Conundrum: A Back-To-Basics Call", Decision
Ray, Sougata.,Anjan Ghosh. (2014) "Evolutionary Dynamics of Organizational Legitimacy of a Social Enterprise in a Developing Economy", Springer
Ray, Sougata.,Munish Kumar. (2009) "Parivaar: A Family of Destitute Children", Tata McGraw-Hill,
Ray, Sougata.,R. Das.,Raveendra C. (2009) "WIMI Long Duration Executive Education", Tata McGraw-Hill,
Ray, Sougata.,K. Ramachandran. (2008) "The Role of Government in the Formation of Late Emerging Entrepreneurial Clusters of India", Edward Elgar Publishing Ltd.
Ray, Sougata.,Gubbi Sathyajit.,Aulakh Preet. (2009) "Do business groups enable or constrain the strategic transformation of affiliated firms?", Proceedings of the Sixty-Sixth Annual Meeting of the Academy of Management
Ray, Sougata.,S. Venkataraman. (2014) "The Caribbean Information and Credit Rating Services Limited (CariCRIS) (B)", Richard Ivey Publishing.
Ray, Sougata.,S. Venkatraman. (2014) "The Caribbean Information and Credit Rating Services Limited (CariCRIS) (A)", Richard Ivey Publishing
Ray, Sougata.,S. Chakraborty.,S. Mishra. (2008) "Samsung’s Entry into India (B)", Richard Ivey Publishing.
Ray, Sougata.,Anjan Ghosh.,Indranil Biswas. "Child in Need Institute: Non-Profit or Hybrid?", Richard Ivey Publishing.
Ray, Sougata.,Mukherjee Indrajit. "Exploring the Linkage between Technology Development Modes and Firm Performance in Emerging Economies: A Longitudinal Study of Indian Manufacturing Firms"