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    The Invention of the Shopping Cart and Its Psychological Impact on Consumer Behaviour

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    Organizational structures  shape company’s value creation

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    What is Asset Specificity?

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    Do you know who Owns Corporations?

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    Arrival of my new book on Faith Economy co-authored by Dr. Shilpa Shinde

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              The Invention of the Shopping Cart and Its Psychological Impact on Consumer Behaviour

              The Invention of the Shopping Cart and Its Psychological Impact on Consumer Behaviour

              Organizational structures  shape company’s value creation

              Organizational structures  shape company’s value creation

              What is Asset Specificity?

              What is Asset Specificity?

              Do you know who Owns Corporations?

              Do you know who Owns Corporations?

              Arrival of my new book on Faith Economy co-authored by Dr. Shilpa Shinde

              Arrival of my new book on Faith Economy co-authored by Dr. Shilpa Shinde

              What are Treasury Bills?

              What are Treasury Bills?

              What is SERVQUAL Model?

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              What is Olfactory Marketing?

              “It all Starts with Nescafe”

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                Educational Leaders who fought for women’s education did not seek validations from society

                Educational Leaders who fought for women’s education did not seek validations from society

                Experiential learning is the future

                Experiential learning is the future

                How to write an appropriate title 

                How to write an appropriate title 

                Can India regain the title of Vishwaguru?

                Can India regain the title of Vishwaguru?

                What are the problems faced in online lectures?

                What impact can Knowledge have on Society?

                A Big Salute all our teachers!!!

                What is Triple Helix Model for innovation?

                Where in the world teachers are most respected?

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                  Importance of Citation in Research

                  What is Autoethnography style of PhD

                  Can scholarly articles/papers from blogs be cited in research work?

                  The complete guide on how to select the right PhD topic

                  All you wanted to know out how a PhD thesis is assessed?

                  Mixed Method Research is Most Suitable

                  What is the difference between economic bubble and economic boom?

                  How to write a Research Paper?

                  Case Study is one of vital type of research

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                    American Hegemony is at critical juncture 

                    American Hegemony is at critical juncture 

                    Impact of the Thucydides Trap and Clash of Civilization  on International Businesses

                    Impact of the Thucydides Trap and Clash of Civilization  on International Businesses

                    Launch of my book  titled “International Business”

                    Launch of my book titled “International Business”

                    Gift City is becoming India’s Capital Gateway

                    Gift City is becoming India’s Capital Gateway

                    The science of Psephology

                    The science of Psephology

                    What is the Future of BRICS Currency?

                    What is the Future of BRICS Currency?

                    Ram Mandir tableau graced the 75th Republic Day of India

                    Ram Mandir tableau graced the 75th Republic Day of India

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                      Manthan – The Movie about India’s Dairy Cooperative Movement  

                      Guiding 35 PhDs: A Journey of Mentorship, Transformation and Academic Fulfilment

                      Guiding 35 PhDs: A Journey of Mentorship, Transformation and Academic Fulfilment

                      The Story Behind the song “Khoya Khoya Chand” from Film Kala Bazar

                      The Story Behind the song “Khoya Khoya Chand” from Film Kala Bazar

                      Arrival of my new book on Faith Economy co-authored by Dr. Shilpa Shinde

                      Arrival of my new book on Faith Economy co-authored by Dr. Shilpa Shinde

                      The story behind the Swedish word Lagom which means Just Enough

                      The story behind the Swedish word Lagom which means Just Enough

                      Lasting friendship between R.K.Narayan and Graham Green that shaped the famous film novel ‘The Guide’

                      Lasting friendship between R.K.Narayan and Graham Green that shaped the famous film novel ‘The Guide’

                      Mumbai’s Historic Single Cinema Screen Maintains Brand Loyalty of Marathi Cinema Viewers 

                      Why Memories are a fuel of our life

                      Why Memories are a fuel of our life

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                      Why should we study Social Progress Index?

                      Dr Vidya Hattangadi by Dr Vidya Hattangadi
                      September 26, 2022
                      in Management
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                      Social progress indicators are statistical measures that describe the well-being of individuals or communities. The objective social indicators are numerical figures which represent social facts independent of personal evaluations and subjective social indicators measure of individual perceptions, self-report and evaluations of social conditions. There is an emerging consensus amongst experts that social progress and human well-being should be measured by a combination of both objective and subjective indicators. These indicators are used to assess how well a country is developing in social wellbeing. It helps in finding out what is happening within a country on parameters such as trust, confidence, life satisfaction, well-being and social security.

                      Social Progress Index is one such index that covers about 99% of the world’s population; it was created collaboratively by Professor Michael E. Porter at the Harvard Business School, Professor Scott Stern at the MIT Sloan School of Management, and the Social Progress Imperative, a nonprofit group, and ranks these social and environmental measures that underline well-being and opportunity in 2010. It is based on the writings of Amartya Sen, Douglass North and Joseph Stiglitz.  The Social Progress Index shows that countries with similar levels of GDP can have very different levels of social progress. While it’s easy to look at the amount of wealth countries generate as a measure of how well they’re doing, economic markers like gross domestic product (GDP) do not tell the whole story, missing out on things people actually need to enjoy a comfortable life – like healthcare, housing, education, and political freedom. The SPI is also related to shelter and sanitation, equality, inclusion, sustainability and personal freedom and safety.

                      For example, Bangladesh is one of the top performers in ensuring nutrition and basic medical care, and health and wellness, according to the Social Progress Index 2016 prepared on a study on 133 countries. Finland topped the list with a score of 90.09, followed by Canada, Denmark, Australia, and Switzerland. There were 12 components under the broad areas: nutrition and basic medical care; water and sanitation; shelter; personal safety; access to basic knowledge; access to information and communications; health and wellness; and environmental quality; personal rights; personal freedom and choice; tolerance and inclusion; and access to advanced education. In the basic human needs dimension, Bangladesh performs best on nutrition and basic medical care and has most opportunity to improve on the shelter component. In the foundations of wellbeing dimension, Bangladesh scores highest on access to basic knowledge but lags behind on the environmental quality component.

                      Bhutan, a tiny country in world since 1971 has rejected GDP as the only way to measure progress. In its place, it has supported a new approach to development, which measures prosperity through formal principles of gross national happiness (GNH) and the spiritual, physical, social and environmental health of its citizens and natural environment. For the past three decades, this belief that wellbeing should take preference over material growth has remained a global oddity. The fact is, in the world which is overwhelmed by collapsing financial systems, gross inequity and wide-scale environmental destruction, this tiny Buddhist state’s approach is attracting a lot of interest.

                      In 2017’s SPI Index, Denmark is the world’s top performer in Social Progress Index by scoring 90.57 out of 100, whereas India at 93rd position outperforms when compared with countries having similar GDP per capita in providing water and electricity facilities. The progress in India is mainly driven by the advancement in providing shelter and access to Information and Communication. India comes in the Lower-Middle tier in the Social Progress Index, along with China, Nepal, Mongolia, Kazakhstan and other Central Asian countries.

                      The government of any nation in the world is a provider of goods and services that individuals cannot provide for their own selves. Government in this context must find solution to collective action with its citizens. The basic economic infrastructure of human connectivity cascades in parameters such as physical travel such as roads, bridges and ports of all kinds, and increasingly the means of virtual travel, such as broadband. Government is a provider of the social welfare state. Governments should mitigate the inability of citizens to provide for themselves, particularly in the vulnerable conditions of childhood, old age, sickness, disability and unemployment due to economic forces beyond their control. And, what do people need for their survival? Its oxygen, water, food, clothing, shelter and sleep besides sanitation, education and healthcare.

                      One-third of food produced globally every year does not reach human mouths; it is either lost in transit or wasted by consumers themselves. This amounts to a staggering 1.3 billion tons every year. These frightening figures are contained in a report called ‘Avoiding Future Famines’ released by the United Nations Environment Programe held at Rio+20 summit on sustainable development. Human development does not take place in a social vacuum. We all contribute to development as well as turn down of our nation. I think if citizens decide to achieve happiness and progress, and they help each other wholeheartedly it’s not a difficult task at all!

                      Tags: Amartya SenDouglass North and Joseph StiglitzDr. Vidya HattangadiProfessor Michael E. PorterSocial IndicatorsSocial Progress IndexUnited Nations Environment Programe held at Rio+20.
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                      Dr Vidya Hattangadi

                      Dr Vidya Hattangadi

                      Dr. Vidya Hattangadi is an accomplished academician, researcher, and thought leader with over four decades of combined experience 20 years in managerial roles in industry and 24 years in management education. She holds a PhD in Marketing Management from Savitribai Phule Pune University and a D.Litt. from the University of Mumbai for her post-doctoral published work. She is a prolific writer and blogger, Dr. Hattangadi runs the widely read blog www.drvidyahattangadi.com, which enjoys strong organic traffic and engages readers across a broad spectrum of subjects, including management, leadership, psychology, social trends, music, current affairs, and politics and psychology. Her blog is 12 years old. Her experience of combining knowledge of industry work with an academic background creates a powerful, "pracademic" profile that bridges the gap between theoretical knowledge and practical application. This hybrid approach has made her a powerful Professor in the classrooms and she has produced graduates who are not just knowledgeable, but industry-ready. She worked for Maratha Mandir’s Babasaheb Gawde Institute of Management Studies as Director, Research Head and Professor. She has written a fortnightly column for The Financial Express from 2017 to 2021 and has contributed extensively to leading publications such as The Hindu, Free Press Journal, and The Economic Times. Her articles are known for their analytical depth, clarity, and relevance to contemporary issues. Dr. Hattangadi has successfully guided 35 PhD scholars in Management Studies across institutions such as the University of Mumbai, SNDT Women’s University, and Yashwantrao Chavan Maharashtra Open University (YCMOU) and Guglielmo Unimarconi Italian University. Currently, she is working on her YouTube channel "Vidya's Vidya" mentoring doctoral researchers in the areas of Finance, Strategic Management, Organizational Behaviour, Human Resource Management, and Marketing Management. She is an accomplished author, she has written books on Strategic Management, Buyer Behaviour, International Business and Entrepreneurship Management, Faith Economy, contributed chapters to four edited volumes of books, and published over 350 research papers in national and international journals. Her scholarly work has strong visibility and impact, reflected in her robust presence on Google Scholar, Research Gate, Vidwan etc. Her research in all fields of management studies is truly ground-breaking. The rigor and depth of her knowledge have set a new standard in our field of management studies.

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