Are you here to learn or to be taught? This was the question a respected doyen of management education was known to ask an entering class. It is perhaps more relevant today than ever before.
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The biggest problem in life is a gap between reality perception and self-assessment. The second biggest is contradictory desires in the mind. Let me explain the second one first. Many youngsters want to be rich and honest. Many young boys want to marry a smart homely girl. Where have these notions come from?
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The century old American AACSB International — the world leaders in providing accreditation to management programs — produced a report “Management education at risk” more than a decade ago based on its assessment of the state-of-the-art international business education. They could have easily said this specifically about India where management education is truly in peril, thanks to the inability of the system to defend it against the increasingly stifling regulatory control that affects intake, fee, faculty recruitment and institution building.
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The recent (2015) Financial Times ranking of business schools across the world was disappointing. Once again, not a single Indian B-school made it to the top 25 list. Although the top ranks continue to be dominated by US B-schools; schools from the UK, Spain, China, Singapore and France also feature among the top 25. Top Indian B-schools don’t seem to make the grade despite having been established more than 50 years ago.
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In today's competitive global economy, it has become imperative to attract and retain talent for a business to grow.Getting the right people to innovate and grow the business is crucial than any other part of a business plan. Along with the Human Resources Department, it is an equal responsibility of a CEO to adopt and implement talent acquisition strategies for the business growth.The Chief Executive Officer is the authority figure within an organisation. A smart CEO innovates and prioritize talent acquisition and implies instant action to invest in best methods to hire and retain top talent, achieving the key todefinite returns on investments.
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The goal and rationale of academic accreditation is to ensure that education provided by institutions of higher education meet acceptable levels of quality as defined by the government and/or an outside accrediting agency.
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The primary job of business schools (B-schools) is to create leaders, who are equipped to handle the emergent issues that we are facing at the global level. The degree has become a must for the young aspirants, who are looking to fast-track their career, and yet amidst this mad rush to succeed, have we calibrated what success really looks like in the future? This is a question I personally grappled with when my four-year-old son asked me how the world would be when he “grows up”. The recent Paris attacks and the upcoming climate change conference of the parties in Paris painted a grim picture in my mind about whether we are training leaders, who will no doubt have to handle issues such as this in the not so distant future?
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The concept of ‘Business Studies’ is known to have laid its foundation in the early 1900s. The rationale behind MBA institutions back then was very simple. Well-explained case studies on development and functioning of companies to help students develop an ability to lead an organisation. Alas… there lies the problem; management is not a scientific experiment where one can make a simple statement ceteris paribus i.e., “with everything remaining the same”. But everything never remains the same. One cannot solve the challenges of today by learning scenarios that prevailed decades ago.
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