December 17, 2011

India - Upcoming Global Manager

India is striving hard to become a global hub of management knowledge and helping it achieve are world class management institutions like IIMs. At present, the USA is the obvious knowledge destination of the world because of the high quality research that is carried out there and its management and PhD programmes. "But things are changing. Indian B Schools have started doing high quality research and are producing great work with which they are able to attract global faculty", said V.K. Menon, senior director, careers, admissions and financial aid at the Indian School of Business, Hyderabad. It is estimated that by 2040 there would be the time when the entire world will look at India for people with brain power because by that time 65% of India’s population will comprise of the workforce. That would be the time when Hence, B-schools in India must chart a work plan to build on this power of mind. Let's have a look at the latest trends in management education in India and what more is required to be incorporated in the curriculum to match the industry trends.



Quality focus - 
To drive quality, a multifaceted effort is required. The government plays an important role in terms of giving approvals and evaluating the intent behind starting business school. Faculty resource selection and retention is most important. One way of determining quality is accreditation of business schools. There are national, regional and international accreditation bodies like NBA, SAQS, AMBA, etc. which can ensure quality checks. There are very few business schools in India which have continuously done a self-audit to identify the gap areas. As per facts and researches, around 20% offer quality management education. Emerging needs of the practicing world requires a good combination of domain and soft skills. Indian government is today exhorting inclusive growth, yet it does not feature anywhere in Indian management education. 
"There are very few good management schools in India - may be only top 25 make the grade in a broad sense. There is a need for bringing in tremendous change in pedagogies and current curriculum in use. What we require is a complete overhaul of Indian management education rather than mere incremental improvements. Also, there should be a larger focus on developing the person, building character, rather than only focusing on developing cognitive skills and giving cognitive knowledge. The curriculum must develop greater sensitivity to the context - environment", said Asha Bhandarker, dean, research and consultancy, MDI. 
To update curriculum to meet emerging needs it is important to include industry experts from various functions, achievers from alumni community and leading academicians as part of the academic council.
Currently, Indian management education is undergoing a metamorphosis from traditional classroom oriented teaching to using research driven teaching and use of contemporary case studies. "Indian case studies are beginning to get written and drawing attention across the world. This trend is set to grow. Complex demography, strong value orientation, need for rigorous cost management, deep and multiple distribution systems are some of the challenges routinely faced by companies operating in India and these are adding to the body of management knowledge. As the world globalises, Indian management education will have exponential growth in years to come", said Menon. Competition is certainly not set to come down and the techniques developed in India will be used worldwide. The other issue deals with the right fit. Companies are looking to hire employees who bring great and direct value to their organizations.

Latest Trends In Management Education

The last decade has witnessed major transformation in the management education domain. This transformation could be analyzed from three perspectives - management institutions, students and corporate. "Where earlier the focus of management institutions used to be on developing functional managers, the focus is shifting towards developing holistic managers by giving them more exposure to industry. Traditional courses are being replaced by courses linked with emerging business needs. This is a reality in good business schools where corporate play a key role in designing of the courses. In terms of delivery, lecture based pedagogy is being supplemented by simulations, cases, live projects, outbound, etc. The idea is to bring the classroom environment similar to real organizations where students are able to experience the decision dilemmas in-turn helping them to become good managers. Similarly, students applying to business schools have all the right information to take informed decisions. The last few years have seen a significant rise in the number of portals catering to the needs of the MBA aspirants. Further, the increased participation in social-media has made the applicants capable of making the right choices. Corporate today are picking up the best talent. With the opening of new IIMs and a number of other business schools, the choice has increased. A large number of corporate have tied up with schools all over India to provide managers tailored to their business requirements. The whole focus has shifted towards selecting candidates who can be assigned to roles quickly. Therefore, the whole orientation towards training and skill development has also undergone a major change.

Why only a few of Indian B-schools can be compared with world's best management institutions? "One of the primarily reasons is quality of education. In a quest to approve new business schools, quality has taken a big hit. Good business schools are known by their intellectual capital and not by the size of their campuses or infrastructure. And the core component of the intellectual capital is the quality of faculty which determines the quality of students selected and passing out from these schools", said Joshi World's best management institutions consistently and continuously produce high quality research. This gets them cutting edge knowledge which they are able to pass on to their students. According to Menon, "The major focus of many Indian Bschools has been in teaching. This trend is now changing and good research is getting done in India. A B-school graduate is trained to be a senior manager.
An MBA is not just a teaching of tools and techniques. B-schools need to inculcate integrative thinking, and should equip the student with functional expertise and cross functional knowledge. This understanding of various functions of business and their interplay helps the students to assess an issue through a multi-dimensional lens and to arrive at an appropriate solution."
Another dimension is the profile of the promoters or the leadership behind the schools. Management schools which were opened with a purely commercial objective have not been able to survive. This is precisely why a large number of B-schools have closed down within few years of their inception. The third dimension is the quality of research and consulting undertaken. The fact remains that we are still not doing enough management research to be at par with global standards. Barring few IIMs and top notch B-schools in India, there is very little in terms of faculty output other than fulfilling their course loads."
It is believed that if adequate efforts and processes are established, the quality of education offered by distance institutions can be as good, even better than regular full time education. Any distance learning institute should offer programmes that are at par with the best programmes of the world and must take initiatives to continuously upgrade its programmes.

Points to remember before taking admission in a B-school
First and foremost it should be the profile of the promoters and faculty resource.
Second, the industry/corporate linkages of the institution. It would also be worthwhile to look at student and faculty exchange arrangements with other leading b-schools around the world.
A B-school must be is closely connected with corporate world and have good mix of academicians and faculty from industry.
While selecting a business school, students should keep in mind that the business school is configured to lead students to a career of their choice / liking. This is possible if the business school has appropriate linkage of curriculum and training programmes with the corporate.
Most importantly, the degree should be a recognized from an approving body of Ministry of HRD. One must opt for a PGDM programme approved by AICTE or University Degree approved UGC.
Check whether the school offers Full time PGDM / MBA. The students should be careful about distance and part-time programmes as they have up gradation purpose and are not meant to be professional certifications preparing you for a career ahead.

Also many institutes conduct distance programmes under the garb of full time degree/diploma while conducting classes similar to full time mode. Students must visit the website of AICTE at http://www.aicte-india.org/ to confirm the name and address of the institute they are interested to seek admission.

Source - 
Times of India
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1 comment:

  1. If you want to become a global manager so you should have MBA degree program. MBA program is essential management program for student. They can improve management system for achieving objectives.
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