Gautam Sinha, IIM-Kashipur shares his views on what Indian institutions can do to strive for excellence.
If one considers management education as an inputprocess- output: The input must be world class, through a robust, reliable process that takes in students with the right attributes, with judicious diversity of background in education and experience. Then come the other inputs. Curriculum must prepare the student for the global arena, with a balance of hard and soft skills, with the ability to lead, integrate across disciplines and connect to the business realities. The faculty must be globalto bring in the international experience and expertise, with research orientation to create new nowledge that keeps pace with the developments in business practices. The process must bring in learning as integration of different bodies of knowledgemarketing , finance, operations, human behaviour, economics, etc . The output will then be a world-class global manager Only two or three of Indian b-schools have made it to the top-50 of the world. Our CAT is an excellent selection process, which provides the best of inputs. Whereas, most western MBA entrants have substantial experience, a large proportion in India is freshers. However, since most of these are engineers, they develop excellent analytical skills, perhaps unmatched, especially the IIT-IIM combination. We have lagged behind in fundamental management research. Also, very little of our research is industry-funded, indicating a theory-practice schism! Perhaps, we have not been able to globalise on all three frontsstudent, faculty and curriculum! One of the reasons may be that IIMs do not award a degree. This may however, be corrected with the passing of the IIM Bill by the Parliament. We would also have to truly globalise our curriculum and simultaneously globalise our faculty. As a first step, we need to globalise the curriculum. AACSB provides excellent guidelines. Datars Re-thinking the MBA, gives vital insights into what may be the journey we need to undertake. Mintzberg provides an interesting contra-view of the same problem. We would probably need to align the courses through closer interaction with global companies, at least Indian companies with global presence. This would help us to grasp the context and what is required to educate and train managers to operate in a global arena. We must concentrate on industrylinked/ funded research to create new knowledge that reflects the current scenario and also provides a glimpse of the future.