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 Home > Indian Management Education >
SIBM Bangalore hosts Colloquium 2010 |
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SIBM Bangalore hosts Colloquium 2010 -Serena Kallian & Suman Mendonca
Symbiosis Institute of Business Management Bangalore (SIBM-B)'s much awaited event held on August 19, 2010, the Colloquium 2010 witnessed the who's who of the management academia brainstorming on issues of reforms and internationalisation of higher education and the future of management education.
The event’s inaugural address was delivered by Dr Ramaswamy (Founder Director – IIM- B, Director of NGO Cartman). He made an eloquent and enlightening speech encompassing various issues related to the present day higher education. He greatly emphasised the need for opening up the educational system for privatisation, Indianising the education in the country, expanding the present prominent management institutes and relaxing the rigid regulations.
This was followed by the keynote address by Dr Shyam Sunder, Professor of Accounting, Economics, and Finance at the Yale School of Management, who stressed on the need for innovation. He expressed his concern on how the amount of innovation happening in India pales in comparison to that in the US or China. Prof Sunder concluded by saying that it is not enough for India to keep abreast with the rest of the world; it needs to take the lead.
The panel discussion that followed was on the topic,‘Reforms & internationalisation of higher education’. There was congruence in the thoughts of all the panelists and they all agreed on the fact that research centers have to be developed in large numbers in India. Innovation was also pointed out to be the engine of growth. Dr Bala K R Balachandran, Professor of Accounting and Operations Management, New York University, stressed that it was important to shift from a quantity perspective to a quality perspective when it comes to higher education, and that funding to various colleges should be related to the quality of the faculty. Dr Krishna Ladha, Professor of Economics, IIM-Kozhikode opined that the political class in the country does not encourage the growth of new colleges and new systems of learning. Dr PG Apte, Professor of Economics and Former Director, IIM Bangalore was of the view that the quality of rural lower education has to be improved drastically and that the government shouldn’t subsidise higher education. Parth Sarwate from Azim Premji Foundation motivated the students present by saying, “If you want to make a name for yourself, take a risk and break out.” Dr Harkant Mankad, Former Vice Chancellor, NMIMS University, felt that the institutes should leverage technology for a greater spread of higher education. There was also a mention of the implementation and the effectiveness of the proposed Foreign education institutions bill, 2010 during the discussion. The floor was then open for general discussion.
In the second panel discussion, the panelists focused on ‘Future of management education’. Amit Agnihotri of MBAUniverse.com was the moderator for this occasion. Prof MR Rao, Dean Emeritus, ISB Hyderabad, delivered the opening address of the session. He voiced his concern about the lack of quality faculty in the higher education institutes and how there is no system of performance based incentives in most of the management institutes. The panelists shared their biggest concern vis-à-vis management education, Dr H Chaturvedi, Director, BIMTECH said what worried him was the slow speed of globalisation in Indian B-schools, which might not be sufficient to compete with global schools. C Mahalingam, Executive VP and Chief People Officer, Symphony Services said that he considered the lack of true leaders the major problem; while for Harpreet Singh, Director, Educomp Raffles Higher Education Ltd, the quality of faculty, accreditation of the right schools and the lack of information and transparency were the biggest concerns. Dr Rachel Davis, Adjunct Professor, NUS, Singapore, said she thought the unemployability of the students passing out as a big problem; while Prof Pankaj Gupta shared his opinion on how the management institutes were facing governance challenges. The panelists then commented on what they considered to be the biggest opportunities in front of these management institutes. Prof Rao added that since the demand for higher education is rising by the day, the institutes have an opportunity to provide quality education. Dr Chaturvedi felt there should be joint ventures between the foreign and local universities in order to reverse the migration of students to other countries. Mahalingam was of the opinion that we are well equipped to start an educational revolution and hence, the best practices as well as the ‘next practices’ would come from India. Singh proposed concentrating on the use of IT and communication technology to reduce cost and scarcity of quality faculty, while Prof Davis stressed on the fact that a more women friendly management society should come up in order to enable more women to enroll in management institutes. Prof. Gupta put forth his idea of the requirement of co-creation wherein the management schools will join hands with the corporate world so as to ensure better management education. Colloquium 2010 proved to be a platform where many thought-provoking issues concerning higher education system and management education were raised and addressed to by the experts in this field.
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