Top Management Thinkers Picked by Top MBA Colleges in Delhi NCR

Top MBA colleges in Delhi NCR in addition to following a rigorous academic curriculum also empower and enable students to follow research works of top management thinkers across the world and India. It makes enormous good sense to assert that globalization and global exposure are mixed bags of opportunities and challenges. If the trickle down economic development is accepted as evidence then it makes further sense to assert that globalization offers more opportunities than challenges. Yet at the heart of the fire that stokes the debate on globalization is why and how economies and markets barbeque themselves in their attempts to radically integrate themselves with the global economy. As such at Ishan Institute of Management & Technology, the advice that we offer to aspiring managers is to follow the works of Joseph Stiglitz, of Columbia business school. Prof. Joseph Stiglitz on many of his books asserts that making globalization work calls for managing in a global economy and adapting best practices across the world to suit local economy and market requirements.  Moving ahead we take a look at the following thinkers bearing the factors of time, space and scale in adapting their thoughts in the global economy.

Peter Drucker: Management Challenges for the 21^st Century

Peter Drucker is known in B-school classrooms for many a theory. Yet the fact that stands apart is that management while having existed for more than three hundred years now has changed drastically in the 21^st century. Drucker ideated and reflected on how management challenges in the 21^st century are going to be very different from those that the world has already faced. There is a growing realization among business leaders and academics that the 21^st century has ushered in post modernism. Modernism was about capitalists. Post modern era is about knowledge workers. At Ishan, one of the best PGDM colleges in Delhi we refer to his books for general management papers.

C.K.Prahalad: Bottom of the Pyramid Market

The late C.K.Prahalad continues to be a string voice from the Third World in the field of business management. Of course there are those seminal works on core competence and VRIO framework, but for emerging economies like India nothing can be of greater significance than the theory and practice of bottom of the pyramid markets. The bottom of the pyramid markets assumes significance for multiple reasons, the biggest of them being the failure of corporate capitalism in ending poverty in the third world. Many years after the demise of Prof. Prahalad, his works continue to be effective in corporate boardrooms and offices today. At Ishan, the glory of Prof.C.K.Prahalad lives through the reference to his works in papers of strategic management, rural management, business environment and general management.

Sir Henry Ford

Sitting in a corporate board room today in the 21^st century, when you look back at the events that shaped modern corporate organizations, it is hard to ignore the contributions of Sir Henry Ford. In business a contribution is an achievement and vice versa. Best practices initiated by Sir Henry Ford in the pre war years in the United States were largely responsible for the expansion and growth of not just Ford Motors but of the entire generation of automobile industry that existed n the United Stated and Europe. Best practices of assembly line production system, bulk production for economies of scale, excess inventory holding of spares and tools, the black colour coding of the iconic Model-T and shop floor approach are still very much in use in large scale industries.

Pankaj Ghemawat: Why the World is not as flat as it appears?

The last twenty years have seen a flurry of Indian Americans striking it rich in business schools in United States. Many of them have gone on to serve various American boards and government institutions. Prof. Ghemawat of the IESE School, Barcelona stands out with his intellect and conviction to challenge the myth of a flat world. His works on the CAGE framework are substantial and perhaps a better substitute for the PEST analysis that has been going on in business schools and MBA colleges since pre-historic ages. Central to the idea of the CAGE framework is the existence of cultural factors in assessing business climate of an economy. In fact at Ishan, we believe that the CAGE is a better tool for assessing the business climate of most emerging economies except China. Competitive politics and a pro-market stature are common to most mainstream political parties in emerging economies. Culture is a sharper differentiator in these economies than politics.

Kaoru Ishikawa: Fishbone in the Board Room

Of the many miracles of economic growth that have taken the world by surprise, Japan remains the most under stated example. Perhaps most people expected Japan to come back strong in the aftermath of the Second World War and hence were not too surprises with the quality revolution. Before there was analytical, predictive and causal modelling using Bayesian networks and before big data had disrupted the way business decisions are linked to cause effect relationships, the fishbone diagram was probably the best exponent of the cause effect relationship in improving quality. In emerging economies like India and in countries of sub-Saharan Africa, quality remains a challenge and Ishikawa’s theories remain a source of guiding light.

The top MBA colleges in Delhi NCR expose students to a world of best practices that is handpicked from different countries and verticals. At Ishan Institute of management & Technology, one of the top PGDM colleges in Delhi NCR we reinvent the academic curriculum and teaching methodology regularly to incorporate the best practices. While the above list is definitely not exhaustive but serves as a sample of the references that we wish to use in learning.