Prof. Pankaj Kumar, Chairman, MDP,
IIM Lucknow talks to Bhuvnesh Talwar of B&E about what makes IIM-L
Unique, The Challenges that B-School Education faces in India and the
need to Encourage Entrepreneurship...
B&E: And what do you feel are the challenges to the growth of management education in India as a whole?
PK: There have been challenges in the past, and they are here to stay. In fact, the challenges will only grow more in count and bigger in size. Management education needs to go through further transformation; I would rather say “radical change”. The gap between theory and practice needs to be narrowed down tremendously. And for this to happen, industry interface is a must. The concepts of ethics and balance, which I personally believe should be the biggest priorities in the management education system, have to be evaluated at length, so that they add value to the learnings that we impart to students. We also increasingly need to focus more on personality and soft skills development programmes.
B&E: Somehow, even the top Indian B-schools have failed to produce entrepreneurs who can contribute to the economy and help create jobs. Don’t you think so?
PK: Let us look at the situation this way – all the management schools in India, including the premier league of B-schools, are today focussing more on enhancing skills to make students effective and brilliant managers and not leaders, which ideally should have been the case. All the IIMs have only been producing enormous premium quality workforce for the industry. But thankfully, today we can sense a change in the air, with the students taking entrepreneurship seriously. They are opting out of the regular corporate jobs and are trying their hands at new ventures. And the B-schools are also taking notice.
B&E: Do you think we need more B-schools considering that there is a huge demand for management education in the country?
PK: You need to view India as a population and take notice of both the demand and supply sides. While we necessarily need to keep stringent checks on various factors – like the quality of education being imparted by the institutes, the faculty being provided, the global exposure, et al – I firmly believe that we need more number of quality management institutes in India, as there still exists a big visible gap between demand and supply of quality MBA education.
B&E: Any advice for the youngsters who aspire to become future CEOs?
PK: The new generation is well informed and is very practical. They are thriving in the present era of entrepreneurship. I just feel that they should be focussed on what they want to achieve and not get influenced unnecessarily. They should above all stick to their value systems – and this is most important.
B&E: And what do you feel are the challenges to the growth of management education in India as a whole?
PK: There have been challenges in the past, and they are here to stay. In fact, the challenges will only grow more in count and bigger in size. Management education needs to go through further transformation; I would rather say “radical change”. The gap between theory and practice needs to be narrowed down tremendously. And for this to happen, industry interface is a must. The concepts of ethics and balance, which I personally believe should be the biggest priorities in the management education system, have to be evaluated at length, so that they add value to the learnings that we impart to students. We also increasingly need to focus more on personality and soft skills development programmes.
B&E: Somehow, even the top Indian B-schools have failed to produce entrepreneurs who can contribute to the economy and help create jobs. Don’t you think so?
PK: Let us look at the situation this way – all the management schools in India, including the premier league of B-schools, are today focussing more on enhancing skills to make students effective and brilliant managers and not leaders, which ideally should have been the case. All the IIMs have only been producing enormous premium quality workforce for the industry. But thankfully, today we can sense a change in the air, with the students taking entrepreneurship seriously. They are opting out of the regular corporate jobs and are trying their hands at new ventures. And the B-schools are also taking notice.
B&E: Do you think we need more B-schools considering that there is a huge demand for management education in the country?
PK: You need to view India as a population and take notice of both the demand and supply sides. While we necessarily need to keep stringent checks on various factors – like the quality of education being imparted by the institutes, the faculty being provided, the global exposure, et al – I firmly believe that we need more number of quality management institutes in India, as there still exists a big visible gap between demand and supply of quality MBA education.
B&E: Any advice for the youngsters who aspire to become future CEOs?
PK: The new generation is well informed and is very practical. They are thriving in the present era of entrepreneurship. I just feel that they should be focussed on what they want to achieve and not get influenced unnecessarily. They should above all stick to their value systems – and this is most important.
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
For More IIPM Info, Visit below mentioned IIPM articles
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
For More IIPM Info, Visit below mentioned IIPM articles
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