View Point


The Changing Scenario of Management Education in India
Prof. C. S. Venkataratnam, Member, FICCI Higher Education Committee & Director, IMI, New Delhi
&
Ms Shobha Mishra,
Joint Director & Team Leader, Education & Health Services Division, FICCI
AcademiaArticle: Towards a successful career
path: MBA in Retail Management
Article: Art & ManagementPersonality Development Current AffairsCampus NewsGD Topics

Campus News

Contrinomics Matter the Most: Prof. Anil Sarin at BSB Delhi

Aspirations IndiaOn April 22, 2009 at Bangalore School of Business, Delhi, students were spellbound by a fascinating and informative lecture by Prof. Anil Sarin, Director and Professor of International Management Education and Research Foundation, on various aspects of Contrinomics: The Management of Opportunities. In his thought provoking talk, he highlighted the need for motivation, leadership, communication and ethics in practicing managers.

In his lecture, Prof. Sarin elaborately discussed two distinctive traits of successful modern day managers with the students. He said ability to take Quick Quality Decisions (QQD) and excel in Group working rather than individual performance are key to be a successful manager in highly competitive business environment. According to him, since job opportunities are no longer restricted to traditional manufacturing industries and the service sector, NGOs, and even government sector are coming up to employ work force from Business schools, it becomes pertinent for aspiring managers to have sound subject knowledge and ability to analyze critical issues. He also discussed the importance of preparing students into better human beings and how inculcating right attitude and adaptability in students help them cope up with changing requirements for future success.

Prof. Sarin also gave students some insight into the change in Indian economy since liberalization. He said that opening up of the economy had provided larger choices to the consumers at competitive rates. But it is a moot point whether the consumers are still getting the best deal. There is filthy concentration of wealth at the top. He said that abysmal discrepancy in the availability of basic facilities like education and healthcare services for the mass raised the question as to whether the benefits of liberalization were being distributed equitably or selectively. The massive price cuts and freebies being offered by the manufactures and service providers due to recession showed the extent of profit margin the business community had been factoring in the pricing. He was of the opinion that profit maximization need not be the sole criterion for managers; rather they should be operating in a legal, ethical and socially responsible and acceptable manner. Recognition and success would follow in abundance thereafter.

In conclusion, Prof. Sarin advised the students of BSB to be innovative. He gave the example of the vision of Mr. Dhirubhai Ambani to upgrade the design of Jamnagar Refinery to withstand earthquakes of 8 in Richter scale as against 7 originally designed. But for this out of box thinking on his part, the refinery would have turned into rubbles in the Gujarat earthquake which measured 7.5 in Richter scale.

RBS Meadows Students at CII Partnership Summit
Recently students from Rai Business School, Meadows attended the CII Partnership Summit in the Hotel Taj, New Delhi. The topic of the Summit was “Building Partnership in a Post-Crises World,” wherein a number of issues from Regulatory Landscape to Global Economic Crises to Managing Financial Market Risks were addressed. According to one of the students who attended the Summit, “in this meeting our group was influenced by the views of Bimal Jalan, a Member of Parliament, and Vittorio Colao, CEO-Vodafone.”

Over the years, the Summit has become a respected platform for building partnerships between Indian and foreign participants from governments, industry, civil society, and academia. The Partnership Summit is a premium forum for international business networking and has immense potential for brand development and strategic marketing. Students were really benefited from the information provided on Global Economic Crises.