MBA
colleges in Delhi have grown with the growth of Delhi NCR as one of the most
forward looking and progressive economic clusters in India and Asia. The
recently announced Start Up India policy of the union government has been
making the right noises about creating an ecosystem and a culture towards the
blossoming of start up firms. After 25 years of economic reforms and a quantum
leap in the GDP, India now looks forward to the next generation of economic
reforms. This is where start -up firms have a big role to play. If the last 25
years of economic reforms were about dilution of economic barriers and
legislations to create softer economic borders, the next 25 years are probably
about taking the benefits of the free market economy to the doorstep of every household.
This shall require a trickle down policy from the side of the government so
that economies of networking percolate down to the last tier of the economic
pyramid.
In this
context it is exciting for academicians at Ishan Institute of Management &
Technology, to look for extended
opportunities for the student community in MBA colleges in Delhi to contribute
to this movement.
Focus on Gandhian Innovation
The CEO
of NPCL, Shri R.C.Aggarwal in a guest lecture delivered at Ishan had said that
when he looked to learn to operate with minimum possible resources he drew
inspiration from the household chores of the poorest man in his organization.
This statement is very akin to the talisman of Mahatma Gandhi, one of the few
great original thinkers that India has produced. Management colleges in Delhi
need to focus on Gandhian innovation with a renewed vigour. In an emerging
economy like ours that is best described in the language of late
Prof.C.K.Prahalad as a bottom of the pyramid market, low cost innovations that
are affordable, accessible and available should be the mantra for success and
is the mantra for success. Some of the best products in recent times that have
been termed disruptive innovations have done so. Tata Nano despite all the
failures of market development stands out in terms of product development. HUL
Pureit is yet another example of a green innovation that is low cost and has
worked wonders in streamlining hygiene standards without using any source of
non-renewable energy. Managers and technocrats who can innovate for the bottom
of the pyramid markets shall be the true Gandhians of tomorrow.
Integrate Business Research with Entrepreneurial Goals
At
Ishan we stress on aspiring business graduates to integrate business research
with entrepreneurial goals. This results in students developing business acumen
for the service of society. Capitalism and the free market economy are about
making choices. Free market economics is about making the correct choices that
can achieve economic, technical and social parameters of Pareto optimality. We
enable and empower students to take up business research projects on titles
that conceive India as not just a market but also a nation. Lord Meghnad Desai,
(professor emeritus at London School of Economics) in his seminal work
Development and Nationhood explains that small business and start-up business
can open the floodgates to sustainable income generation while improving the
quality of lives.
Offer Solutions to Challenges at the Local Level
Students
in MBA colleges must for a moment weed out the obscurantist myths associated
with the Harvard school of thinking in business. India as an emerging economy
is distraught with unique challenges. For start- up firms to excel they must
explore the challenges that India faces at the level of the local community.
Once these challenges are identified, intrinsic solutions can be explored by
means of product and process innovation. The final stage is to make the
solution extrinsic by means of a business model that is streamlined for time,
space and scale.
At Ishan
Institute of Management & Technology, one
of the top MBA colleges in Delhi, constantly inspire students to dare to think
beyond the horizons of a run of the mill career.