Hi Folks

Given below is a very neat and concise article. Though
we are aware of most of the things, yet at times we
tend to overlook. But certainly, these are very useful
as a guide in our sub-conscious mind.



Ayaskant.


What Industry Expects from MBAs
By S. K. Agarwal

SOURCE: http://www.indiainfoline.com/bisc/ffie.html

EXCERPTS:

Industrial scenario:

You are aware that the traditional style of running business is undergoing a great change. The old pattern of ownership and management are making way for more
participative and professional modes. The Indian economy is fast becoming a part of global economy. The commitments made to World Trade Organization have to
be honored and these will become more onerous to comply with in coming years. ... The government should come forward to accept the role of the producers in
decision making with regard to the economy. Business and industry should also look at new horizons. There is need for restructuring of existing enterprises to be in tune with demands of globalized economy. Firstly, every business should stick to its
own core strength and not diversify into unrelated fields, however attractive they may appear to be.
...

Core competencies:

Almost all organizations are giving a relook into their whole gamut of activities and evaluating the impact and profitability of each of them, further relating them to the infrastructural strengths and weaknesses in India, proliferation of activities or
unrestricted diversification was a product of license/permit raj of the past...

Fortunately entrepreneurs continue to flourish and to establish major companies. But for the vision and courage of such persons, the newer industries--plastics, information technology, bio-genetics, cable T.V. and many more would not have
developed so spectacularly and many of the older industries would never have flowered.

Down-Sizing:

There is no question about the need to dramatically increase the efficiency and the productivity of all economic enterprises in India, to better utilize all resources: material, financial and plant, as much as there is the need to enhance employee productivity. No company or country can for long survive, particularly in an integrated global economy, if its resources are not used at efficiency levels comparable to those of the other countries and companies. It is unquestionable that almost all resources in India-working capital, fixed assets, managerial time,
distribution channels and employees-are inefficiently used though emphasis seems to be given primarily to the generally abysmally low level of employee roductivity...

Shareholder Value:

It is obvious that no corporate individual, institution or organisation can long survive without producing an economic surplus. Those who contribute resources to an enterprise - capital, labour or any other asset-expect a return, which over time must atleast, equal that obtainable from alternative uses. Such return may be contractually fixed or be the residual surplus- the profit of the owner. While the
measurement of this surplus may become more sophisticated and precise and bear different names-the concept of profits is surely coterminous with economic
activity.

What is alarming is the current insistence of may that the sole and exclusive objective of the management is the maximization of owners' or shareholders' profits, All other consideration being secondary or irrelevant.
...

'Toms' - Tomorrow's Managers- must be exposed to the cardinal truth that industries do not run as per textbooks. The variables are so many and continuously
changing. Therefore, it is imperative to understand the complexities of running business under ever changing industrial scenario...

Corporate Governance:

Corporate Governance practices have been focus of last various associations and confederations for last two years. It has received wide appreciation and the need
to improve it was voiced by all the bodies including the Prime Minister. Confederation of Indian industry developed 'Code of Desirable Corporate Governance'-a 17 point specific recommendations. These guidelines will ensure greater focus on certain areas of governance and will create confidence among the
investors.

Giant finance company like ICICI initiated the process of corporate governance in early 1997...

Human Resource Management:

HRM Has been identified as key focus area. Mr. Kumar Mangalam Birla, Chairman of Aditya Birla Group identified following key issues while speaking at national convention organized by HRD Network Forum - \"HRD challenges in 21st Century\".

Shareholder value creation.
Ever increasing expectations of the customer.
Developing the employees with a global mindset.

Corporate HR is the key member of cross-functional team to inculcate a mindset to focus on value-added growth rather than just asset added growth...

Business Ethics:

Time has come to appreciate ethics not only as a moral but as a strategic concept.
The business corporation that will lead the way in the years to come will be the ethical corporation. Values are based on one's innate belief system and
therefore are a thought based system. Ethics are behavioral norms springs from one's own view of good or bad, right or wrong. It is an activity based concept. Business ethics deals with policy considerations founded on organizational values and core beliefs...

I have tried to update you on the current scenario of industry. All the organisation are looking for 'leaner and hungrier' outlook. Extra flab cannot be tolerated
by the market so, now the game is how your expectations from industry is matched by the value addition you promise in short and long run. All the talk and system of training is towards building potential for future input from you. Since loyalty
from either side - employee or employer - is a disappearing commodity, job security is also on line.

So you must concentrate on:

Promise of future potential
Continuous search for excellence
Cost consciousness and reduction
Emphasis on strategy
Exclusive

There is no room for complacency.

-----------------------------------------------------------------
Success

To laugh often and much;
To win the respect of intelligent people and the affection of children;
To earn the appreciation of honest critics and endure the betrayal of false friends;
To appreciate beauty, to find the best in others;
To leave the world a bit better, whether by a healthy child, a garden patch or a redeemed social condition;
To know even one life has breathed easier because you have lived.
This is to have succeeded. Bessie Stanley

Hi friends!
Every body talks about doing MBA from the costliest schools in India ,US, etc.
But can anyone suggest doing it either online,by distance education or part-time/fulltime with the lowest fees in any currrency?
There are couple of good private universities in India which do offer it by distance educaion or online,like Rai University and Manipal University?
Please make me aware of any other such universities whose qualifications are recognised in CANADA.
Also please do not inform links for doing it with out studying for it types,from the US ,etc...

CAPRICO

-----------------------------------------------------------------
MJ