Yes, business school teachers should have quality work experience from the industry. But before entering full-time academics, and similarly, industry professionals should test the ground as visiting faculty as well.
Dr. S K Mahapatra, Director General of JK Business School shares his insights with Education Post’s Tanay Kumar on how private sector has opened numerous opportunities for students.
Yes, business school teachers should have quality work experience from the industry. But before entering full-time academics, and similarly, industry professionals should test the ground as visiting faculty as well.
I enjoyed career both in academics and industry as I always believed that practice based on a strong foundation of theory will surely be a success, and relating practice to theory, brings a lot of confidence, authenticity and encouragement to students to believe in knowledge-based decisions as managers.
This has certainly helped me, but there are other ways to learn about corporate changes for a good faculty to develop leadership potential and skills. What matters is a willingness to learn with an open mind about team development, an agile mindset and innovation. Over emphasis on any single factor, such as research credentials or industry credentials, should be avoided. Leader should have an all encompassing mindset and not carry any skew in designing growth strategy for the Institute.
There is no one-size-fit-all formula for training students for corporate careers. The syllabus of management takes care of the fundamentals and conceptual understanding. The co-curricular training, corporate talks, value-added workshops take care of specific skill training for developing corporate readiness. The extracurricular activities, especially in sports and culture areas, provide holistic grooming with teamwork, which are essential to internalize and excel in situations to pool strength of diversity.
Selection of good faculty is the foremost challenge for the Leadership. It’s an elaborate but essential process.
The undergraduate program, BBA, is an intermediate stage in management education while a PGDM is the finishing stage, and it completes the understanding at specialization levels. Corporate recruiters have requirements for both, for different roles.
Back in 1983, SAIL conducted all India level selection tests for recruiting management trainees each year. In our batch, out of 10,000 graduate applicants, only 100 were selected. The job was considered next to the IAS. There was no Campus Recruitment culture. Few private sector recruiters were going to IIM-A, B & C, XLRI and TISS for direct recruitment from Campus. The private sector has grown exponentially since liberalization in 1991. The first batch of JKBS graduated in 2008, and ever since, all graduates have been placed from campus in the private sector.
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