Bschools’s myth

Focus on business education and career prospects has been intensified further after the lethargy in progress of software industry in India. Management education, once part of commerce stream, emerged as independent discipline and wooing all the graduates irrespective of  their educational background at graduation.Now, more than 2000 Bschools have been to India and shaping management executives to meet the requirement and challenges of modern India. With the advancement of globalization, International Bschools like Yale, Harvard, Cambridge and Oxford planning to open up franchises in India. In vice versa, IIM is planning to go global despite there is domestic deficit of standard management graduates.

IIM’s were started in the very year 1961 with the co-operation of Massachuts Institute of  Technology and Ford foundation.IIM’s have been playing crucial role in the development of management education across India. In the year 1991, Indian has shifted its stand from socialist to regulated market system by adopting LPG policy. Prior to 1991, Indian organizations and companies had been dominated by kins and scions of business emperors. Requirement for standard management graduates increased due to need to cope up with the global competition, business environment and to build a strategic alliances between east and west.

Another pandemic faced by Indian Bschools is their inability to produce successful entrepreneurs in India unlike western countries.Indian business graduates prefer managerial and supervisory jobs by demanding tens of lakhs as annual pay, most of them are not ready to start entrepreneurial ventures.Though some of entrepreneurs are hitting the mainstream market but they are not surviving in long run, except the scions who have strong financial and market dynasties. I will give an example of Indian entrepreneur Sabheer Bhatia’ long  Journey. He has started hotmail in the late 1980’s much before the arrival of google in internet market. He had to sell major stakes of his company to Microsoft for hectic amount. He would have emerged as the global internet giant among Microsoft, Google,Yahoo and Twitter, if he retained his stakes.

It was Mc caulay who introduced English education to meet the requirement of clerical jobs in India, are we still practicing the  Mc caulay model of education even after 60 years of Indepence..

Survey reports  have interesting versions on the myth of MBA degrees. According to a list of best performing CEOs by the Harvard Business Review, 36 out of the world’s top 50 chief executive officers do not hold a masters degree in business administration. Bschools have been facing practical problems of Lack of faculty, excessive commercialization, lack of standard methodology, infrastructure etc.

Harvard business review lamented the management of Bschools claiming that they have been neglecting the area of CSR and Business ethics at the curriculum of business education. Satyam and Raja ratnam scandals signifies the importance of corporate social responsibility and  ethics at business. Here the arguement is, how far Indian Bschools committed to teach the importance of CSR, Business ethics, economic nationalism and  social welfare to their students. We must not forgot Birlas and Tatas credibility and commitment  towards the nation and people.

History, Politics

Gandhism and its legacy

Mohan Das Karam Chand Gandhi, most popular name of modern India and also refer as a Father of Nation, made indelible impression among millions of Indians with his weapons of non violence and truth. I have read his autobiography which was written in excellent english and signifies his writing capabilities. It was ” Lage raho Ho Munna Bhai” revived the essence of Gandhism and non violence at this very age of violence.

Mohandas Karamchand Gandhi was born in Porbandar on 2 October 1869 in Hindu Modh community. His father was the diwan (Prime Minister) of the eponymous Porbander state.At the age of 13 Mohandas was married to 14-year old Kasturbai in traditional arranged marriage. Later, he moved to England for the completion of Law. Later came back to India and left for south Africa for practicing Law. Gandhiji was actively participated in the Civil rights movement in South Africa for the protection of Indians and black’s rights. Gandhi had been inspired by American Henry Thoreau civil disobedience movement and made a great mark.

Gandhiji arrived India at 1915 and is said to be avid follower of Gokhale, famous congress moderate. We should observe the structure of congress party before Gandhi became active at mainstream politics. Extremist wing comprises Tilak, B.C Pal, Lajapath rai, Sri Aurobindo were the leading forces of Indian freedom struggle. Interesting aspect is this people were highly inspired by Hindu vedanta and tried to mix the concept of Indian freedom struggle with Mystified vedanta. There was a crisis between moderates and extremists whether to opt violence or non violence for the congress party stand in liberation of India. After political retirement of Sri Aurobindo, Tilak’s incarceration at Burma weakened Extremists attempts.

Gandhiji captured congress and implemented strategies in a non violent methods and he was succeeded for getting freedom for India. But Gandhiji’s attitude towards Bhagat Singh, Subash Chandra Bose and Ambedkar are enough controversial in Indian history. Historians opine, Gandhiji could have escape Bhagat Singh from hanged to death by negotiating with Britishers. Mild response observed among congress moderates even after the brutal death of Bhagath Singh and desecration to his body by the tyranny Britishers. Subash chandra Bose was elected as Indian National Congress president in 1939 tripura session by defeating Pattabi Seeta Ramayya who was supported by Gandhi and Nehru with a huge margin. Congress seniors and Gandhian supporters were reluctant to extend co operation to Netaji. Netaji had to quit office and from presidentship of INC. Later Netaji resigned from congress and fled away to Japan via Germany in a miraculous heroic escape. Gandhiji even called parents not to send their children for the recruitment of Netaji’s INA  (Indian National Army). Despite having ideological difference with Gandhi, Netaji didn’t hesitate to praise the heroism and credibility of Gandhi by referring him as a “MAHATMA” in radio  which used to broadcast from Germany.

Economy, Management, Reviews, Society

The Polyester Prince: The Rise of Dhirubhai Ambani

The Polyester Prince: The Rise of Dhirubhai Ambani by Hamish McDonald

Dheerubhai Ambani, the most popular name of modern Indian business, is still in the minds of Indians despite his physical demise. Hamish MC Donald has made a critical interpretation of Ambani’s transition of normal man into a Business Tycoon who allegedly influenced mainstream politicians for the commercial benefits of his business unethically. This book was written in 1998 and has been banned in India due to the heavy pressure from Ambanis.You can find this books at bombay streets for nominal cost which are smuggled. Maniratnam has been inspired by this book for making of “GURU” with Abishek Abhachan . Mani Ratnam also depicted numerous scenes from the source of this  book. This book also highlighted the rivalry between Dheerubhai Ambani and Nusli Wadia(grandson of Mahamad Ali Khan Jinna) who were allegedly tried to assassinate each other. Their rivalry remained as a black spot of Indian corporate history. In the film Guru, Mithun Chakravarthy played Ramanth goenka role while Madhavan played Journalist Guru Murthi role. Interesting aspect is Guru Murthy was hugely suffered by Ambani on the various charges and even jailed unlike the ‘GURU” movie description where Abishak Bachan didn’t touch Madhavan. Mani Ratnam must have been pampered by Ambanis. Though this book is mandatory for the people who aspiring a career in corporate sector and entrepreneurship,but  special kind of fiction has been added by author  to  sensationalize the book and his name. Readers should be very cautious while reading the book and to make conclusions on Dheerubhai’s character.