The Business of Business Schools

Professor Yash Gupta was one of the first academics of Indian origin to take up a leadership position in business schools in the United States. Having spent many years at the helm of leading B-schools, Dr. Gupta believes it is time for business schools to embrace and adapt to the changing world order.

Q: Please elaborate on the current scenario, where we see a substantial growth of Indian origin faculty at B-schools in the US.
 A: Look at the number of faculty in the B-schools of US which are of Indian origin. In the last 30 years, the growth of the same has been substantial. Secondly, India is coming to an age where the growth is faster and the Indian origin people have done brilliantly well in the academia in US. All in all, I see there is a trend of Indian origin academicians taking up leadership roles in business schools in the United States.  

Q: Do you see this in the non-business faculties in the US?
A: If you look at the academic landscapes in the US, then you will find that there are many fields where Indians are yet to establish a mark. I see that the trend is significant in engineering, but there is a long way before one sees the people of Indian origin making a mark in the field of medicine. Maybe in the next five years we would be able to see those from the Indian origin having an impact in medicine as well.Click here to Read full Interview...

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Slow & ‘Son’ny times for Premji

Credited with transforming a vegetable oil company to an IT powerhouse, Azim Premji, Chairman of Wipro Technologies has become the only Indian to be voted by Business- Week as one of the “Greatest Entrepreneurs of All Time”. Premji joins the ranks of Admiral Zheng H., Michael Dell, Bill Gates, Oprah Winfrey and Steve Jobs. It’s also succession time at Wipro. All eyes are set on his 29-year-old son, Rishad Premji, who has finally joined the company’s global IT services and product division. A Harvard product, Rishad has five years of experience as a business development executive in companies like GE and Bain & Co. The technology major also posted its first quarter results, which hinted at a sluggish growth. Wipro’s first-quarter profits were Rs.7.26 billion and its revenues rose up to Rs.42.03 billion. However, as compared to the fourth quarter, the company’s profits declined by 15%. Premjitermed the results “satisfying, considering the strong headwinds faced by us in the form of an appreciating rupee.”

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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

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Energising India

Finally, the Indian government recently unveiled its much awaited Exim Policy, commonly known as the Trade Policy, with once again an ambitious export target to achieve. Guess what’s the projected export target for the year 2007-08? It’s a humongous $160 billion! Looks like a pretty difficult target, but one must not forget the accomplishments of our government, which in the recent past, has exceeded all set targets of exports. Consider export figures of the last three years, $83.5 billion in 2004-05, $103.1 billion in 2005-06 and a mammoth $125 billion for the last fiscal year, and one would easily understand the pace of our growth rate.

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Source:- IIPM Editorial, 2006

An IIPM and Management Guru Prof.Arindam Chaudhuri's Initiative

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The new Turks!

Of the 15 former Soviet Republics, Turkmenistan is one of its kind – politically repressive, yet the wealthiest nation amongst all. Owing to the conspiracy of silence in media, the true picture of this nation was hidden for years. After independence (1990-91), authorities framed two important development policies to empower the citizen – privatization and capitalism. Turkmenistan’s present social security system finds its foundation in 1991, where old age, disability and survivor pension facilities were provided comprehensively. Not to forget that men and women have been equal before the law, though socially, a woman’s role is confined to that of a homemaker.

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Source : IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

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Hide the vehicle, run to the courts... But remember, you defaulted, and you ‘have’ to pay back!

Going by the All India Debt and Investment Survey, nearly 1/4th of the Indian households were indebted in 2002. Figures that have gone upwards in the recent years with bank credit to household and consumer durables growing by over 50% during 2001- 2006. Expectably, the growth of loan recovery related complaints went up by 34% during 2003-2005.

But then, what do you do when Shylock comes a calling? Well, as they say amusingly in banking circles, you can’t run, but you can surely hide! Taking in view the recent judgments meted out by the courts on the scores of loan recovery cases, one can aptly say that contemporary recovery methodologies have not gone down too well with the judiciary in the past few years.

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Source : IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

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‘Bed’-deviled

Have you ever visited one of the premier hospitals – say the All India Institute of medical science (AIIMS) – in New Delhi? On any normal non-crisis day, hundreds of serious patients strive to occupy a hospital bed. Pathetically then, the Indian healthcare system has proved to be thoroughly inept in providing for the basic needs of healthcare in the country. According to the last available WHO report, India has fewer than one bed and one doctor per 1,000 population. India has 6,00,000 beds, compared to China’s 3.2 million hospital beds across the country. A state-wise analysis show that 33% of Maharashtra’s hospital beds are concentrated in its capital Mumbai alone. More than 50% (of the 60,000 that are registered) of Maharashtra’s doctors have practice in Mumbai.

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Source : IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

National laws take precedence over international treaties.

The compliance issue comes to fore particularly in cases related to enforcement of anti-terror laws and the protection of human rights. And when it comes to striking a balance between national security and human rights, the National Commission of Human Rights clearly states that “Undoubtedly, national security is of paramount importance... Any law for combating terrorism should be consistent with the constitution, the relevant international instruments and treaties, and respect the principles of necessity and proportionality.” It is important to note here that the Indian judiciary is guided by the principles of Dualism (see box) – national laws take precedence over international treaties.

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Source : IIPM Editorial, 2006
An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative