Leading In Turbulent Times Role Of Management Education At Isb, Hyd
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I presented this on 28th August 2009 during AIMS convention at ISB HYD
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Leading In Turbulent Times Role Of Management Education At Isb, Hyd
- 1. By: Abhinav Goyal Sonali Gupta Welingkar Institute of Management Leading in Turbulent times- Role of Management Education
- 2. Turbulent Times “ BUSINESS EDUCATION SEEKS CHANGE. LET IT HAPPEN ”
- 4. Applying Zachmann Framework to B School Vision without action is merely a dream. Action without vision just passes the time. Vision with action can change the world.
Notas do Editor
- Everybody has accepted by now that change is unavoidable. But that still implies that change is like death and taxes — it should be postponed as long as possible and no change would be vastly preferable. But in a period of upheaval, such as the one we are living in, change is the norm." Yes I am not saying that B schools are resistant to change but there should be a third eye visionary approach to transform and adapt to the current crisis as this is a cycle which keeps on repeating itself as evident from the graph.
- The Governance implication became highly topical following the Enron scandal, when directors of public companies were alleged to have been actively hiding losses in offshore accounts to boost their reported profitability. The sub-prime mortgage debacle is bound to keep corporate governance high on business school agendas for the foreseeable future. As global outsourcing spreads, the opportunities and risks of corporate financial catastrophes from poor governance increase. Here lies the role of B schools to update themselves with the latest compliance acts and regulations in the following areas: There is a need of the hour to introduce latest offerings in context with IFRS, SOX (Sarbannes Oxley Act), and Information Technology Act of 2000, Basel II Compliance. In the subject Outsourcing Management the need of the hour is to make people aware of SAS 70 Reports, the Audit Structure both Financial and Information Technology Audit. No B-school has started teaching XBRL (Extensible Business reporting Language) which has revolutionized the way in which financial statements are prepared with accuracy and effectiveness. None of the B schools teach ERP in practical sense. ERP in theory is very different, when we work on it actually. B-schools in today’s context have to be a part of ICAI (Institute of Chartered Accountants of India) for all latest reforms in Finance. The latest fraud in case of Satyam is being audited now by ICAI to find out the reasons. B-schools should learn from these startegies and do parallel case studies with the teachers and Students. B schools today have to understand that