The financial crisis was an inflection point in the evolution of management education. Not only has MBA education matured over the past 30 years, but also the crisis provoked important questions about how management education should be taught. It is clear that future leaders will deal with incredible complexities, the globalization of economies sophisticated financial markets greater sensitivity to environmental issues, increasing cultural diversity etc.
The key challenge is to challeng is to educate students to be innovation problems solvers who understand the impact of their actions on the broader society including employees customers, investors , partners and the surrounding community. We cannot provide crystal ball solutions to tomorrow’s problems because we cannot foresee all of them. But we can give students the knowledge and leadership frameworks through which they can carefully examine and address new problems as they arise –and even better , to head them off. New leaders will also have to understand the context for global business. To this end, we require a global experience for graduation. This can be fulfilled in a variety of ways, including by a study trip or internship in a country the students has not worked in before.
The curriculum should provide a cannon of business knowledge that all students expect of a world class programs, but it should also include elements designed to encourage what we believe are three essential capabilities of leadership. These are 1) critical analytical thinking 2) personal leadership skills and 3) innovative thinking. It’s important for students to recognize an construct a strong logical argument and ways to spot an argument’s assumptions flaws an limitations. Ask them to learn about and discuss a controversial issue each week such as role of government regulation in the financial system etc. Also, provide small groups coaching so that students can hone their personal leadership skills as they learn to work effectively with and through others. We know that corporates need people who can work in diverse teams and across disciplines . Increasingly are creating multi disciplinary courses that bring together students from diverse backgrounds to create unique products / processes.
After a full 2009, there were cheers for most part of 2010 with the recruitment scenario showcasing a vast improvement over the previous year with a 32 per cent increase in the number of jobs for Indians in India and overseas. As is evident from the index below, 2010 started off on a good note in January and the trend continued. June displayed the highest increase and with December very close to the scenario in June we can expect 2011 to continue exhibiting similar trends.
The top 3 gainers (in absolute numbers) were: 1) Engineering 2) education 3) Pharma.
While the top gainers (percentage increase) were:
1) NGO 2) Media 3) IT
Job function wise:
The top 5 categories in demand in 2010 were:
1) Engineering 2) IT 3) Sales and Business Development 4) Finance and accounting 5) Marketing and advertising
The only ones to lose out were jobs for doctors and in office administration.
2010 is marked with an increased senior management hiring. Positions in middle management showed the maximum demand in terms of absolute numbers in 2010. In terms of growth percentage CXO, openings have shown the maximum growth while senior management openings have grown by 52 per cent. The hunt for VPs and directors has grown by 34 per cent in 2010
In absolute numbers New Delhi / NCR followed by Pune and Mumbai had the maximum number of vacancies in 20190. The growth in opportunities in Delhi is primarily due to increase in vacancies in engineering, ITes and NGOs while real estates, BFSI and manufacturing sectors contributed maximum towards the increase in vacancies in Mumbai. The IT sector contributed to the growth in Pune, Hyderabad, Bengaluru and Chennai while the pharma industry contributed considerably towards increase in openings in Bengaluru, Ahmedabad and Hyderabad. Chennai showcased the maximum growth percentage in vacancies over the previous year followed by Bangalore, Pune and Hyderabad. In terms of contribution to location wise increase in jobs New Delhi / NCR with a 15 per cent hike ranked highest followed by Pune at 13 per cent a Bengaluru at 12 per cent.
The opportunities for Indians in overseas showed de-growth in Africa and Middle East by 14 per cent. Demand for Indians in the UK and US increased by 23 per cent and 11.5 per cent respectively medical practices and hospitality sectors have been the primary contributors towards the same.
Excerpts from Ascent