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Turbulent Times Turbulent Times anagement education provided by business schools in India is passing through turbulent weather. By a rough estimate there are about 4000 Mmanagement Institutes with approved seat capacity of about 3.5 lakh . Nearly 140 B-Schools have sought AICTE permission to put their shutter down. The reason-seats are not filled (Business model is not viable). Numbers of admissions are stayed at about 20% to 30% of the sanctioned strength. There is over capacity, shoddy products, business men in education and very little adaptability to this competitive situation. Academic research is rare in India. According to a study by UT Dallas, all business schools of the country together published just 36 papers in journals during the period 1999-2012 against 276 of Wharton and 182 of Harvard. In another study,during this period,there were only 108 articles published by Indian based authors in 40 journals tracked by Financial Times-means just five articles per year from this big country. The reason for this sad state of affairs is Poor HR practices of majority of B-Schools which have not encouraged the research culture.Such Institutions either do not have any formal PMS or even if it is there, does not incentivise research or penalize lack of it. Tier -2 and 3 schools heavily rely on part time and visiting faculty. The need to upgrade and retrain faculty in emerging business perspectives is practically absent in this category. Industry exposure is very little. The summer projects/ internship programs are suspect. It is another shoddy business. The downward spiral of management education is the heavy focus on placements during the time of admissions. Entire ecosystem works towards placement against converting students into Managers or entrepreneurs. Many institutes have cosy arrangement with companies through middle men for placements.Illegal and immoral practices for achieving placement numbers go way deeper. Much can not be expected from such business schools which are run by novices and commercially oriented people. It needs visionary leadership, excellent faculty and a strong performance culture which can only be developed through good people centric HR practices. Performance culture is a major contribution in gaining reputation. In this cover feature experts have looked at various facets of HR practices in B- schools. Eminent educationists and management thinkers of the country like Dr.T V Rao, Dr.VRK Prasad, R. Natrajan, M. Gopalakrishna, R.S.S. Mani, Dr. P.N. Singh and Dr. Upinder Dhar talk about their perspective and outline responsibilities of various stakeholders. If you like it let us know. If not, well, let us know that too. Happy Reading! Anil Kaushik Challenging Meaningful Cover story of March regarding efforts being Feb. issue is of much value for HR managers. The made by a foundation is an eye-opener. Making amount of pain you have taken to prepare this people educated is one thing and making them issue is visible. Thanks for very open, transparent employable with dignity is another task which is and logical views on role of legislators. Thanks to really a challenge, seldom taken up people. My judiciary for protecting the interest of industries sincere thanks to Dr. Singh and his foundation and thereby economy of our state. Look forward who is quietly doing this herculean task. for more meaningful coverage. Nitin Shah Narendra Kumar Ojha Very Apt Sumptuous Dr. Ganesh Raja views on success of young Indian I have received February, 2013 issue of BM. Many professionals globally is very apt and relevant. He thanks. Nice in appearance and 'sumptuous' in has rightly underlined the challenges before the content. Saw the encouraging feedback on young managers. They have to fight with never- December Cover Story "People Challenges in say-die attitude to get success globally. Banks". A.K. Patil M.G. Warrier Naturally Blessed Thought Provoking Aparna sharma and Tanvi Gautam have Greetings from MTC Global. Thanks a lot for remarkably presented the status of women in the sending a copy of your special issue. All the present times with challenges being faced by them articles have come out very well and thought- and basic social issues involved in restraining provoking. their overall growth. Tanvi’s worry makes sense Prof. Bholanath Dutta when she says that gender diversity initiatives in the corporate world are designed in ad-hoc way Excellent which lacks a vision. Aparna’s prescription for women empowerment seems to be workable. At Thank you very much for sending me the March the end, it is the women who has to leverage her issue of Business Manager, which has come out strenghts and set her own standards to make her excellently well. You have presented the work of position at different social and professional levels. our Foundation in a nice manner which should After all women is blessed with natural ability of motivate other managers from the Corporate hanlding multitasking. Sector to take innovative steps in the social sector. Rita Menon Dr. P.N.Singh Stay Interview 100% Useful About Practice of stay interviews by renowned This subscribed journal is really an informative organisations is good to know. It helps one and compiled in such a way which is 100% understanding the benefits of this HR useful to get update self and make others update. intervention which contributes towards employer It always serves as a Hand Book not only for HR retention. It is the competence of HR person how professionals but also for Legal consultants. he makes use of this tool to create a balance and Special thanks to you for your valuable harmony.It also helps is gauging employee morale. contribution in getting this beautiful journal published. Himani Manchanda Biswajit Pani Dr. Reddy honoured Dr. Jagan as Mohan Reddy was conferred “Best HR with Professor” “Best Professor in HR” award by ET Now at Mumbai Readers are invited to comment on articles published in BM through email at : [email protected], [email protected] Business Manager 02 April 2013 15-30 April 2013 Vol. 15 No. 10 Chief Editor ANIL KAUSHIK Associate Editor Anjana Anil Hon'y Editorial Board Dr. T.V.Rao Dr. Rajen Mehrotra Dr. V.P.Singh H. L. Kumar Hon’y Research Lead Indranil Banerjee [email protected] in Business DELHI : F- 482,Vikaspuri, New Delhi-18 GHAZIABAD : Schools A - 39, Lohia Nagar, Naya While India boasts of world class Business Schools such as IIMs, XLRI, FMS, XISS, to Ghaziabad (UP) name a few, on the other hand there are hoards of B-schools that are struggling to meet the benchmark, not just in the quality of education imparted but also in the way Hon'y Co-ordinators they are managing human capital.This only highlights the fact that lack of good faculty and adequately designed courses fail to match the industry's demands.This is A.S. Sharma - Gurgaon enough reasons for higher education to wake and take charge of their human capital. [email protected] Pankaj Pradeep- Pune [email protected] Mihir Gosalia- Mumbai [email protected] Deep Sikha Chakravorty-Kolkata [email protected] K.Soundarraj- Chennai [email protected] Owned, Published and Printed by Anil Dr.V.R.K. Prasad Dr.T.V. Rao Prof. R.Natarajan M. Gopalakrishna Kaushik at Sun Prints, Ganpati Tower, Nangli Circle, Alwar - 301001 and Published From B- 138, Ambedkar Nagar, Alwar - 301001 ( Raj.) India Editor : Anil Kaushik The views expressed in the articles published in Business Manager are those of the authors only and not necessarily of the Publisher/Editor. While every effort is made to have no mistake in the magazine, errors do occur. Publishers do not own any responsibility for the losses or damages caused to any one due to such ommissions or errors. Annual Subscription 900/- through DD Dr. Upinder Dhar Prof. R. S. S. Mani Dr. P.N. Singh (by ordinary Book-Post) (by Courier 1140/-) favouring Business Manager ( Please add More people centricity is the need of the hour -Dr.V.R.K.Prasad 40/- to outstation Cheques) may be sent to: HRM strategy should cover all constituents -Dr.T.V.Rao B-138, Ambedkar Nagar, Alwar - 301001 (Raj.) Prof. R.Natarajan India, Ph : 91-144 - 2372022 Faculty should not be treated like factory worker - Mob.: 09785585134 Need to create integrated HRM equation -M. Gopalakrishna www.businessmanager.co.in Differentiator is the HR practices -Dr. Upinder Dhar E-mail : [email protected], [email protected] HR challenges in the higher education... - Prof. R. S. S. Mani Published on 1st of Every Month HRM interventions should aim at innovation - Dr. P.N. Singh LATEST FROM THE COURTS Questions by readers on variety of Latest verdicts from different High problems they face at work and answered Courts and Supreme Court effecting by ANIL KAUSHIK Chief Editor. Look at it. employer employee relations. 40 These may also be of some help to you. 42 Making PMS Forfeiture of effective gratuity Sec. 4(6) does not enumerate Why is it that PMS often fails to have an the acts of omission or acts impact despite all the systems in place? An involving moral turpitude. In article by Rohan Chopra & Anuradha this regard one needs to take Mishra 6 recourse to the certified standing orders and service 50 rules. An article by B. Saikumar The real integration When two companies come together for real integration to take place, it is important that the souls of both the companies are in sync and blossom into one, which helps in Handling unethical the overall growth of the company, its people, society and the environment. An article by Ajit Menon behaviour 9 BM’s fictionalized case study presents dilemma faced by leaders in real 53 organisations.
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