Thursday, August 9, 2012

3rd Indian Management Conclave 2012 opens

Business schools not meeting needs of users:
3rd Indian Management Conclave 2012 opens:
RC Bhargava, Chairman, IIM, Ranchi

New Delhi August 9, 2012: “Quality of management education offered by the Indian B-schools is out of sync with the times and not addressing needs of recruiting industry”, Maruti Suzuki chairman Mr RC Bhargava said here today while opening the 3rd Indian Management Conclave 2012.

Mr Bhargava, who is also the chairman of board of governors of Indian Institute of Management at Ranchi, attributed the lack of quality to the unchecked expansion of B-Schools in the country in absence of a formal study to determine the real demand for management graduates in the industry and low industry-academia interface.


Mr Bhargava who scripted the recent report on new governance structure of IIMs called upon B-schools to prepare its products to come up to the evolving needs of their ultimate customers—the Indian recruiters. The B-Schools must re-look at their curriculum to suit the economic, social and developmental needs of the economy. He also stressed the need for building in hands-on work experience as an integral part of the curriculum outside the comfort zones of offices needing mere desk research.

Dwelling on the need for the Indian economy to leapfrog to the high growth rates Mr Bhargava said right skilling human resources too will have to play a critical role. Lack of skilled people could become a big obstacle for India. He advocated use of technology to overcome the shortage of faculty. Technology must be used to upgrade quality of education and to overcome the shortage of faculty, he addred.

Be Distinct Or Extinct

Eminent Kellog professor of management and founder of Great Lakes Institute of Management at Chennai Dr Bala Balachandran stressed on the customer centricity as the key element in establishing a credible B-school. His plain advice was: be distinct or extinct. He said B-schools must improve their delivery system.

Mr Amit Agnihotri, convenor of the Indian Management Conclave referring to the crisis facing Indian management education said, “Majority of the over 3,500 B-schools are facing challenges both on admissions and placement front. B-schools need to realise that the era of sub-standard academic delivery is over.”

Referring to the patchy quality of B-School output Dr M Masood, president, Association of Indian Management Schools (AIMS) said that he sees many exceptional B Schools to outshine other based on their passion, commitment of faculty and process adherence.

Dr H Chaturvedi, alternate president, Educational Promotion Society for India (EPSI), called for setting up of a government body to set standards exclusively for management schools along the lines of AICTE. The governing body representatives must have educationists with vast experience of having build schools of eminence.

Mr Rajeev Menon of MeritTrac while presenting the MeritTrac-MBAUniverse.com MBA Employability Report highlighted the wide disparities between the employability of of B School graduates. While those from Tier 1 City B-schools had a pass through rate of 32.21%, it fell sharply to 19.77% Tier 2 City B-schools and 11.03% Tier 3 City B-schools.



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