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CONTENTS The Great Indian B-Schools 2016 The Great Indian B-Schools 2016 is a special initiative by SkillTree Knowledge Consortium & Great Place to Study Research Institute to showcase the great management institutes and ‘Thought Leaders’ in the country’s higher education sector. MARCH 2016 04 THETH GREATT INDINDIAN B-SCHOCHOOLS SIXS LESSOSONS B-SB-SCHOOLSLS WONON’ON’T TEAACH YYOU Kumarr MaMangalammBir Birla BRAIN DRARAIN TOO BRAIN GAIN Rana Kapoor BUILDING WORLD-RLD-- CLASS UNIVERSITIESESS "_;h_-u_--1_-uf;; Cover Image © Peshkova/Shutterstock.com CEO Forbes India, CNBC TV18, CNBC Awaaz, Anil Uniyal Marketing Priyanka Tiku Tripathi Neha Chimbulkar Subhadra Bose Juhi Batra Jitendar Gujar Advertising Sales Arif Ayyub Girish Sharma Vibhor Nigam Distribution Six Lessons B-Schools Won’t Teach You Kaushal Pillai — Kumar Mangalam Birla Advertising Operation Sudha Rao Krishna Gupta Prashant Rane 26 All Rights Reserved © 2009 Forbes LLC, Brain Drain to Brain Gain as to material published in the edition of Forbes Asia. All Rights Reserved. — Rana Kapoor 30 Expert Speak Our panel of experts from the Indian education sector and corporate industry Publisher: Maneck Davar share their Issue Editor: Aditya Sharma opinions. Designer: Parvez Shaikh, Puja Rane DISCLAIMER The views and opinions expressed in this magazine are of SkillTree Knowledge Consortium and of the respective profiles featured in the magazine. SkillTree Knowledge Consortium takes full responsibility of the content in this issue and places it at the sole discretion of SkillTree Knowledge Consortium. SkillTree Knowledge Consortium has taken full care to issue error-free knowledge in the public domain through this marketing initiative in collaboration with Forbes India Marquee. Contents.indd 1 11/03/2016 10:08:50 PM EXPERT SPEAK Building WORLD-CLASS UNIVERSITIES in India Students should be given the opportunity to pursue literally any interest they might have. to pursue literally any interest they might have. For example, a student who opts to study Physics must not be deprived of the freedom to study Economics and History, if he/she so desires. New socially relevant subjects such as environmental studies and development studies also need to be promoted. Similarly, conscious efforts should be made SHEKHAR A BHATTACHARJEE to involve students in devising new ideas to deal with the Founder & CEO – SkillTree country’s problems. Knowledge Consortium Importance on practical knowledge and building student-teacher relationship As far as the modern education system is concerned, the relationship between the student and teacher has been ndia’s education system has been at the centre diluted to a large extent. We need to develop better teacher- ofI vociferous debates for several years now. Despite the student ratio and new concepts of appointing out-of-class presence of the prestigious IITs and IIMs, Indian educational ‘guides’ or ‘mentors’ to whom students can turn to not institutions and universities have had a remarkably poor run only for clearing their conceptual doubts but also for advice when it comes to global institutional rankings. According pertinent to their education and life. to the reputed QS World University Rankings in 2015, no Teachers, when involved in an inter-personal relationship Indian University or educational institution was listed in the with students, can help them by giving personalised top 100. Only two institutions made it to the top 200 in the attention, listening to their internal conflicts, gauging the rankings dominated by American institutions. In contrast, best way in which they learn and support them to implement our regional rival China has over 25 of its educational their acquired knowledge in the practical domain. institutions placed in the top 100 rankings. For a country that aspires to become a major global player Making student satisfaction the bedrock of an over the next quarter of a century, mediocre education is not institution the way forward. If we aim to dominate the global discourse, As much as grades and passing rates, the emphasis of we need educational institutions that not only create skilled measuring an institution’s success should also be based on human resource but also boost indigenous research and students’ satisfaction from the life on campus. Ensuring development and power the country’s intellectual and student satisfaction by measuring social life on campus, entrepreneurial leadership. extra-curricula and academics should be an important aspect of building great universities. Breaking traditions to create new institutions Equal emphasis should be given on maintaining good In recent years, some conscious individuals have churned up housing facilities as it adds up to everything the student new ideas to refashion India’s university education. In recent is doing on the campus and his/her civil life. The students years Nobel laureate Amartya Sen was at the forefront of the should be exposed to opinions and ways of life that they Nalanda revival process. Such projects should make global may never have been exposed to otherwise. This broadens culture an intrinsic part of their DNA, and aim at producing their outlook in life and opens them to new avenues. It is also global students who think of themselves as global citizens. important to establish close ties with the institution’s alumni The idea of strict curriculum delineation also needs to be who can be instrumental in helping new students find jobs done away with. Students should be given the opportunity and internships. 2 FORBES INDIA MARQUEE . A SPECIAL MARKETING PRESENTATION IN ASSOCIATION WITH SKILLTREE KNOWLEDGE CONSORTIUM AND GREAT PLACE TO STUDY RESEARCH INSTITUTE MARCH 2016 2 Shekhar A Bhattacharjee,.indd 2 11/03/2016 09:12:40 PM EXPERT SPEAK The ART of creating a POSITIVE Work CULTURE Happier employees make for a more congenial workplace and improved productivity. • Emphasising the meaningfulness of work. • Treating one another with respect, gratitude, trust, and integrity. As a leader, how can you foster these characteristics? The research points to four steps: ARVINA PURKAYASTHA Encourage social connections: A large number of Co-founder and COO empirical studies confirm that positive social connections SkillTree Knowledge Consortium at work produce highly desirable results. For example, people get sick less often, recover twice as fast from surgery, experience less depression, learn faster and remember longer, tolerate pain and discomfort better, display more mental acuity, and perform better on the job. oo many companies bet on having a Express empathy: As a boss, you have a huge impact Tcut-throat, high-pressure, take-no-prisoners culture to on how your employees feel. A telling brain-imaging study drive their success. But a large and growing body of research found that, when employees recalled a boss that had been on positive organisational psychology demonstrates that a unkind or un-empathic, they showed increased activation cut-throat environment is harmful to productivity over in areas of the brain associated with avoidance and time. On the contrary, a positive environment will lead to negative emotion while the opposite was true when they dramatic benefits for a company’s employers, employees, recalled an empathic boss. and even customers. Make a special effort: Ever had a manager or mentor First, the stress of belonging to hierarchies itself is who took a lot of trouble to help you when he or she did connected to diseases and death. While a merciless not have to? Chances are you have remained loyal to environment and a culture of fear can ensure engagement that person to this day. When leaders are not just fair but (and even excitement) for some time, research suggests self-sacrificing, their employees are actually moved and that the inevitable stress it creates will likely lead to inspired to become more loyal and committed themselves. disengagement in the long term. Lack of loyalty is a third As a consequence, they are more likely to go out of their cost. Research shows that workplace stress leads to an way to be helpful and friendly to other employees, thus increase of almost 50 per cent in voluntary turnover. For creating a self-reinforcing cycle. these reasons, many companies have established a wide Embolden people to share: When employees trust that variety of perks. Well-being comes from one place, and one their leader has their best interests at heart, it improves place only—a positive culture in the organisation. their performance. Rather than creating a culture of fear of negative consequences, feeling safe in the workplace The qualities of a positive workplace culture boil helps encourage the spirit of experimentation. down to six essential characteristics: When you know a leader is committed to operating • Caring for, being interested in, and taking responsibility from a set of values based on inter-personal kindness, he of colleagues as friends. or she sets the tone for the entire organisation. Happier • Providing support to one another and offering kindness employees make for a more congenial workplace and and compassion when others are struggling. improved customer service. As a consequence, a happy and • Avoiding rebuke and forgiving mistakes. caring culture at work not only improves the employee’s • Inspiring one another at work. well-being but also the productivity. FORBES INDIA MARQUEE . A SPECIAL MARKETING PRESENTATION IN ASSOCIATION WITH SKILLTREE 3 KNOWLEDGE CONSORTIUM AND GREAT PLACE TO STUDY RESEARCH INSTITUTE MARCH 2016 3 Arvina Purkayastha,.indd

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