Wednesday, November 5, 2008

IIM-B ranked as best B-school in Central Asia

BANGALORE: Indian Institute of Management Bangalore (IIM-B) has been ranked as the best business school in Central Asia by a Paris based agency w

hich evaluates B-schools world wide.


The IIMB has been announced as best business school in covering in Central Asia covering Central and South Asia and the Middle-East by Eduniversal said IIMB Director Prof Pankaj Chandra at the 35th foundation day function today. The award would be presented during the Eduniversal World Convention scheduled to be held in Paris on November four and five.


"IIM-B has also been ranked amongst the top 27 business schools in the world from a list of 1,000," he said.

The award recognises the three best institutions within each of the nine Eduniversal geographical zones - Africa, Middle East, Eastern Europe, Western Europe, Latin America, Northern America, Central Asia, Far Eastern Asia and Oceania.

The deans of the 1,000 best B-schools from 153 countries have ranked IIM-B as the best business school in the Central Asia Zone, with a recommendation rate of 398 per thousand, followed by IIM-A (379) and IIM-C (321), classified under "internationally known".

According to IIM-B, Eduniversal selection endorses its international reputation and influence, defined as the capacity of a business school to make a student valuable and thus to improve their employability in domestic and international spheres.

The process of selection involved a global mapping system, meeting the criteria universality and the international reputation of each academic institution.

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Also in DNA

FMS online admission forms

NEW DELHI: Even as Delhi University (DU) mulls over making the admission procedure online, its Faculty of Management Studies (FMS) has already gone ahead with it. FMS will allow aspirants to apply and pay online for the entrance exam to be held in January for the 2009 session. FMS will also implement the Other Backward Class (OBC) quota for the first time from the forthcoming session. The faculty will allow a relaxation of five per cent in the eligibility score for OBC candidates, apart from a maximum relaxation of 10% in the final cut-off.

"There will be a relaxation of five per cent in the eligibility criteria for candidates applying for all earmarked seats. Scheduled Caste (SC)/Scheduled Tribe (ST) and physically challenged candidates and children of war widows already have this relaxation. We have added OBCs to this list because we didn't want to create another category,'' said FMS dean JK Mitra. FMS could not implement the OBC quota from this year as it was through with admissions before the Supreme Court upheld 27% OBC reservation in April this year. Mitra added the relaxation in the cut-off for the merit list will be decided after the entrance exam on January 11. The entrance exam for MBA part-time programme will be held on January 25. The forms will be available till December 1, 2008.

FMS had got about 61,000 applications last year. With increased number of students expected in the 2009 session, Mitra said the faculty is making the admission procedure completely online for the first time where students can not only apply but also pay the fees online. He further added, "DU has been thinking of making the admission procedure online but it hasn't been feasible because of the large number of students at the undergraduate and postgraduate level. As we are doing it for the first time, we need to see how the students respond to it.'' However, aspirants will not be allowed to download forms or order them by post from this time, Mitra added.

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Monday, November 3, 2008

Women managers, a safer bet in corporates

Chennai: It may take ages for the discrimination against women in Indian organisations to end, rues Sujoya Basu in Gender Stereotypes in Corporate India: A Glimpse. Any remedy would need large doses of awareness, apt legislation, and a general change in societal mindset, she suggests.

The author, a member of the faculty of behavioural sciences at the Indian Institute of Management, Calcutta, is of the view that educational institutions, especially the B-schools, can do their bit in forming workgroups keeping the inclusion of women students in mind.

Instead of boardroom quotas, professional educational institutes can think of compulsorily recruiting more women in their student bodies, and facilitating situations where women hold leadership positions, says Basu.

“As women are observed more in positions where their managerial and leadership qualities become more pronounced, there is a finite chance that stereotypic inaccuracies would reduce, thus paving the way to healthier organisations and policies.”

Stereotyping is a natural phenomenon that all human beings use; and stereotypes are not per se dangerous or negative in nature, Basu explains. However, “the problem with stereotypes is that they mostly become inaccurate over time, especially when they are stereotypes held by men of women in workplaces, which traditionally have been male bastions.”

Women like Kiran Mazumdar Shaw, Kiran Bedi, and Naina Lal Kidwai are the rare exceptions to the prevailing trend where women are underrepresented in Indian corporates and administration, avers the author.

“If at the level of fresh graduates from the top management institutes, we have approximately 17 women managers for every 100 men managers graduating every year, is it a surprise then that the total number of women managers per 100 men managers is 2 in India as compared to 67 in the US?” she demands.

The well-researched book cites many studies about the various obstacles women face in corporates – be it bias in evaluation or unfairness in rewards, be it the proverbial glass ceiling or fewer overseas assignments.

Thankfully, however, the common perception that women are their own worst enemies may be wrong, Basu postulates. While women relate workplace success equally to men and women managers, men seem to think of their own gender when it comes to accomplishment.

If that is an indication of the two genders living in their own worlds, what can be a cause of concern is a survey insight that women see men as achievers owing to their being devious, less grateful, and less reserved.

Another worrying observation in the book is that stereotypes held by men managers of women managers are more prejudiced than the stereotypes held in the west. “The Indian male manager seems to believe in the ‘think manager – think male’ phenomenon even more strongly than his counterparts in countries across the world.”

The author cautions that once inaccurate stereotypes set in, they have a tendency to self-feed their inaccuracy resulting in a host of negative consequences for women managers who want to make it to the top echelons of organisations.

She hopes that the real abilities and qualities of women managers can be tapped without prejudice or bias by hiring more women in management positions. Since Indian women managers are not influenced by stereotypical thinking, Indian organisations can expect their women managers to treat men and women more or less equally in selection and appraisals, Basu assures.

And, her advice to men managers can be quite sobering: that they’d need training and counselling before women managers could report harmonious and satisfying working conditions under them.

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Sunday, November 2, 2008

IIM-B might borrow to carry out expansion

BANGALORE: Faced with the challenge of carrying out 54 per cent expansion by 2010, the Indian Institute of Management-Bangalore (IIM-B) is toying with the idea of borrowing external funds to meet its growing costs.

The Board of Governors headed by Reliance CMD Mukesh Ambani is meeting on Friday to consider the proposal put up by the institute on seeking the HRD Ministry’s approval before going ahead with the borrowing.The Board had earlier requested Ravi Parthasarathy, Chairman and MD of Infrastructure Leasing and Financial Services Limited, to submit a report on whether it was mandatory under the Memorandum of Association (MoA) of IIM-B Society to get the Central Government’s approval for borrowing funds.Out of an estimated Rs 70 crore required to carry out the expansion plans of the institute, the HRD Ministry has committed to releasing only Rs 33 crore.Other issues topping the agenda include summer placements and amending the MoA to carry out expansion plans of the institute.

IIM-B Chairperson (placements) Sovrav Mukherji will make a presentation on the changing strategies and trends in summer placements due in second week of November in the wake of global financial slowdown.IIM-B professor Trilochan Sastry is slated to brief the Board members on the status of the committee constituted to make recommendations on amending the MoA of IIM-B.Amending MoA is essential to support the institute’s application for IT exemption under Section 12A of the IT Act 1961 and to expand and diversify the portfolio of activities both within and outside India.One of the Board members had earlier proposed to delete reference to by-laws in MoA and to incorporate new procedures notified by the Centre for appointment of Chairman and Director.

The Board meeting will be followed by the Foundation Day lecture on ‘Innovations in Healthcare Delivery’ by Devi Prasad Shetty, chairman of Narayana Hrudayalaya.

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Saturday, November 1, 2008

Teamwork and teamplay

WHAT: THEY DON`T TEACH YOU AT B-SCHOOL
by Subrotah Biswas

I believe, it is a series of events (education, job, personal experiences and so on) that all collaborate to make a personality or a career. My MBA education taught me a couple of memorable things: make the most of a given situation, look at the problem and not the person responsible for it, and true accountability.

Through all those case studies and internships we are taught how to prepare for varied business eventualities. However, in the real world, each situation is unique; every problem/challenge requires a renewed approach. When success is defined by how fast you change with the dynamic socio-economic environment, there are no standard solutions. And the only thing that you carry forward from your education is the attitude, the philosophy and certain examples of what “not” to do.

Let me draw an analogy with my favourite sport soccer. At B-school one gets good coaching — one gets to learn about how to kick the ball, control the ball, field movements and so on. In a profession, one is playing a match and individual skills picked up at B-school are not enough to win it; one needs to coordinate, play his role, create opportunities, take initiatives and rejoice in the celebration of the entire team. I strongly believe that in real professional world there are no individual triumphs. Individual accolades and medals end with the alma mater.

To all those stepping out into their careers post their MBAs, I would strongly advise that they look for linear organic growth at the beginning of the career. Exponential growth, especially in the initial days, results in dilution of certain fundamental strengths. I am reminded of the story of a butterfly coming out of the cocoon. If you do not let it struggle through the entire process and try cutting open the cocoon to help the butterfly out, all you will get is a butterfly with underdeveloped wings that cannot fly. Similarly, one should try and gain operational level experience first.

Additionally, I think, every individual should contribute towards a “learning organisation” — this is a term coined by Peter Senge; and implies that everyone in the organisation has the power to contribute positively and should aim at achieving an overall synergy through harmonic coordination of work profiles.

Subrotah Biswas did his MBA from Pune University

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