Most of the management theories that are taught today are aped from the west and which are usually not applicable considering the Indian culture. For a person to become a good manager or a business leader in India the first requirement should be to become thoroughly aware and sensitive to the Indian mindset and culture as that goes a long way in managing people. Everything else can follow later.
MBA in today's world is a ticket to high paying job giving students much more than what their peers deserve through real life experiences. ....these leaders certainly has knack to handle pressure (having GD/Assignment at midnight and so forth) however, business knack, leadership can't be taught in class room (esp Ethics - Height of optimism).....Well, let's wish MBA makes sense and comes true to its meaning of MASTER OF BUSINESS ADMINISTRATIONS rather than MASTER OF BULGEONING ACCOUNT (Bank a/cs of students and may be institutes as well)
MBA would only create a difference if there is any value addition to a person in terms of knowledge and application is such knowledge in real life. The entrance exams are tailor made for the engineers and they are the only people who get through in top B-schools. What about the other people?
Wonder when will things change. Our whole education system needs a drastic change. Because it all starts from the basic.
As well as medicine, the competitive selection process is a way to identify people who are greedy, who would forgo everything, their love and passion in pursuit of money. Thats why we are not able to invent anything new, add any notion of value to the existing system. The selection process actually disuades people who are passionate abt science, research and business.
Re: Same thing happens in engineering too
by Santa on Feb 28, 2012 07:30 PM
Let's face it. We are a country with majority of population falling under middle class, which means that major portion of students come from those families. The primary expectation of those families from their kids is that they earn as soon as possible, so that their standard of living goes up. Given this scenario, how do you expect somebody to spend too many years, studying and doing Ph.D, etc? Rich kids don't study much anyway, with a few exceptions. Very poor kids do not have means to study anyway, again with some exceptions.
I want to thank all those who have joined in this discussion.B-School students are not clerk but it is the opposite.The best talent in the country is not given a curriculum and exposure to groom them as Business leaders.This is because the Directors and Deans of even some of the best B-Schools are excessively academically oriented and seldom refresh themselves through substantive and meaningful engagement with the Industry to exhibit thought leadership.
The central question is why is the internship a sham? Why cannot we have longer internships say 2 spells of 3 months,for students to have practical learning's.Why should we have 36 courses? Why cannot we have 20 to be dealt with in-depth and with a combination of classroom and in field mix? Why should the selection be designed for the engineers? What does great quant skills have to do with being a good business leader? Business leadership is more about social skills and creativity rather than proficiency in English.
Our experiments at ICICI Manipal has produced 5000 business leaders and proven to us that bright people passed out of vernacular medium can be taught English in 6 months. But you cannot teach attitude and passion. So I am not talking about things, which we have not tried out.
Some of you may choose to trivialise this and even post abusive retorts ala Suresh Kumar. But it is immaterial. What matters is whether we can jointly put pressure on the B-schools to reform and do justice to producing Business leaders?
Re: Some more thoughts
by Srini on Feb 28, 2012 02:35 PM
The institutions should act as enablers rather than information vending machines. It's better to learn fewer subjects with lot of industry experience thrown in rather that learn lot of theory which do not add much value. Our institutions are totally disconnected from the real world. That's something to be remedied immediately
Indian education system can only produce employee like clerk, labours. They only teach competation type of education like, "Who is going to be first", "how do you score high marks", "Easy method to pass". They fail to teach "How to think", "How to understand" and "How to approach the issues". This is fundamental problem cannot be treated overnight. Highlevel of rethinking should be in place.
if Business school are creating clerks what other schools and colleges are producing then? even in colleges where there are no laboratory reagents, no apparatus, no basic chemicals to conduct experiments, we get B.Sc. and M.Sc and PhD in chemistry from such colleges. what about this? see the computer education institutes mushroomed in every nook and corner? what they teach?
