B-schools in the country to focus on quality and engage with MSMEs
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AICTE Chairman Dr. SS Mantha has asked B-schools in the country to focus on quality and engage with MSMEs to develop a robust industry-academia collaboration to maximize the output of the huge capacity in management education.
Dr. Mantha was delivering his keynote address at the MBAUniverse.com 3rd Indian Management Conclave 2012. He said that quality is the key and B-schools who do not focus on quality will perish.
“The capacity in management education has increased manifold in last 4-5 years. This has also resulted in oversupply of the management graduates to the industry. Therefore, only the quality B-schools or those who enhance their quality will be able to survive. Those who do not produce quality and skilled managers will face challenges and will perish,” he said.
But he added that said closure of some of the B-schools is part of the growth process and it should not be seen as a real cause of concern for the community. “While about 65 B-schools have applied to the Council for closure, over 100 new B-schools have applied for approvals. Till date, over 70 new B-schools (out of 100) and about 35 B-schools (out of 65) that had applied for closure have been given approval. Thus, about 35 B-schools have been actually added in the system.
Dr. Mantha also asked the management institutions to invest in the research and collaborate with MSMEs. “Collaborating with MSMEs and investing in research will really help the B-schools to develop their quality. This kind of industry-academia collaboration will also help bring more innovative ideas which will help the overall growth of the economy,” he said.
In a candid talk, he also said that there is no replacement of face-to face learning and management institutions should invest more on good faculty members to create a qualitative academic environment.
He said that the huge capacity in B-schools presents an opportunity to the industry as well.
“Today we have over capacity. The industry has not been able to utilize the workforce that we are able to produce. They have an opportunity to go for expansion with this additional workforce we have,” he said, adding, “but for that the industry also have to be innovative and they have to create new avenues of growth which results into more job creation.”
He spoke about the challenges and problems the management education system is facing and stressed the need of the participation of all the stakeholders to solve them.
The two-day Conclave, organized by MBAUniverse.com, began on Thursday, August 9, 2012 in presence of leading corporate and education leaders gracing the occasion.
During his inaugural address, Mr. RC Bhargava, Chairman, Maruti Suzuki India Limited & Chairman, BoG, IIM Ranchi, said that management education must address needs of the industry. He said that employability of MBAs has dipped as the education they receive at B-schools does not sync with the industry demand.
Dr. Bala Balachandran, founder & Dean, Great Lakes Institute of Management, Chennai, in his special address highlighted the key elements for building a good B-School. He shared his views on what kind of planning and execution a B-School needs to become an established institution. His plain advice was: be distinct or extinct. “B-schools must be very particular in their delivery system, because without the same, it will not be able to maintain their relevance,” he said.
G Vishwanathan, Chancellor, VIT University said that the entire overhauling of the education system was required. “Institutions must have autonomy to act properly and government institutions must act as models in order to uplift the education system,” he said.
Many eminent educators spoke during the Day 1 of the conclave. Dr. M Masood, President, Association of Indian Management Schools (AIMS), depicted a clear picture of the current state of MBA Education in India. He spoke on the ground realities and specific problems that average B-schools are encountering in India.
Dr. H Chaturvedi, alternate president, EPSI, & Director, BIMTECH, Delhi-NCR, and Bharat Gulia, Senior Manager, Ernst & Young, delivered their views on the challenges and crisis that management education is passing through.
An eminent HR panel including speakers like Dr. Anadi S Pande, Vice President, (HRM, Corporate Planning & Strategy), Hero MotoCorp; Mr. TK Srirang, Senior General Manager, Human Resources Management Group, ICICI Bank and Mr. Atul Dhawan, Regional Managing Partner (North) & National Leader -Clients & Markets, Deloitte Haskins and Sells; deliberated on the gaps between the industry and academia. That panel concluded that sustained growth in management education is only possible through bridging the gap between industry and academia.
Stay tuned to MBAUniverse.com for more updates on IMC 2012.
Dr. Mantha was delivering his keynote address at the MBAUniverse.com 3rd Indian Management Conclave 2012. He said that quality is the key and B-schools who do not focus on quality will perish.
“The capacity in management education has increased manifold in last 4-5 years. This has also resulted in oversupply of the management graduates to the industry. Therefore, only the quality B-schools or those who enhance their quality will be able to survive. Those who do not produce quality and skilled managers will face challenges and will perish,” he said.
But he added that said closure of some of the B-schools is part of the growth process and it should not be seen as a real cause of concern for the community. “While about 65 B-schools have applied to the Council for closure, over 100 new B-schools have applied for approvals. Till date, over 70 new B-schools (out of 100) and about 35 B-schools (out of 65) that had applied for closure have been given approval. Thus, about 35 B-schools have been actually added in the system.
Dr. Mantha also asked the management institutions to invest in the research and collaborate with MSMEs. “Collaborating with MSMEs and investing in research will really help the B-schools to develop their quality. This kind of industry-academia collaboration will also help bring more innovative ideas which will help the overall growth of the economy,” he said.
In a candid talk, he also said that there is no replacement of face-to face learning and management institutions should invest more on good faculty members to create a qualitative academic environment.
He said that the huge capacity in B-schools presents an opportunity to the industry as well.
“Today we have over capacity. The industry has not been able to utilize the workforce that we are able to produce. They have an opportunity to go for expansion with this additional workforce we have,” he said, adding, “but for that the industry also have to be innovative and they have to create new avenues of growth which results into more job creation.”
He spoke about the challenges and problems the management education system is facing and stressed the need of the participation of all the stakeholders to solve them.
The two-day Conclave, organized by MBAUniverse.com, began on Thursday, August 9, 2012 in presence of leading corporate and education leaders gracing the occasion.
During his inaugural address, Mr. RC Bhargava, Chairman, Maruti Suzuki India Limited & Chairman, BoG, IIM Ranchi, said that management education must address needs of the industry. He said that employability of MBAs has dipped as the education they receive at B-schools does not sync with the industry demand.
Dr. Bala Balachandran, founder & Dean, Great Lakes Institute of Management, Chennai, in his special address highlighted the key elements for building a good B-School. He shared his views on what kind of planning and execution a B-School needs to become an established institution. His plain advice was: be distinct or extinct. “B-schools must be very particular in their delivery system, because without the same, it will not be able to maintain their relevance,” he said.
G Vishwanathan, Chancellor, VIT University said that the entire overhauling of the education system was required. “Institutions must have autonomy to act properly and government institutions must act as models in order to uplift the education system,” he said.
Many eminent educators spoke during the Day 1 of the conclave. Dr. M Masood, President, Association of Indian Management Schools (AIMS), depicted a clear picture of the current state of MBA Education in India. He spoke on the ground realities and specific problems that average B-schools are encountering in India.
Dr. H Chaturvedi, alternate president, EPSI, & Director, BIMTECH, Delhi-NCR, and Bharat Gulia, Senior Manager, Ernst & Young, delivered their views on the challenges and crisis that management education is passing through.
An eminent HR panel including speakers like Dr. Anadi S Pande, Vice President, (HRM, Corporate Planning & Strategy), Hero MotoCorp; Mr. TK Srirang, Senior General Manager, Human Resources Management Group, ICICI Bank and Mr. Atul Dhawan, Regional Managing Partner (North) & National Leader -Clients & Markets, Deloitte Haskins and Sells; deliberated on the gaps between the industry and academia. That panel concluded that sustained growth in management education is only possible through bridging the gap between industry and academia.
Stay tuned to MBAUniverse.com for more updates on IMC 2012.
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