Top MBA
Colleges in Delhi NCR make continuous attempts to align classroom learning with
industry best practices. At Ishan Institute of Management & Technology, the
first graduate business school
of Greater Noida , we have
endeavoured to integrate the best practices of innovation management into the
academic curriculum for management courses. Given that Delhi NCR has one of the
best job markets in Asia , there are obvious
advantages that the academic community of top MBA Colleges in Delhi NCR get to
avail of. Our interaction with alumni, business executives and entrepreneurs
has led to the institutionalization of fundamental and advanced concepts of
innovation management into the academic curriculum.
Every
great academic institution has an academic culture of its own and builds on
certain strengths. As a matter of principle, Ishan has always intellectually
and academically championed the cause of economic and social inclusion. It is
in this context that it may be asserted that over the last 21 years the first MBA
College in Greater Noida has programmed its academic design in favour of
concurrent themes like emerging economies of Asia and Africa, financial
inclusion and of course Gandhian innovation. The writing on the walls of the
business school is that frugal innovation, jugaad innovation, reverse
innovation, disruptive innovation, BOP innovation and associated tracks that
enable business leaders and managers to achieve high performance with fewer
resources have always been highly popular.
Gandhiji’s Talisman and Gandhian Engineering: Key Features
Does
Gandhian Innovation really adhere to the principles of Gandhism? How can
Gandhian engineering be relevant to India in the 21st
century? Does the Gandhian school of thought offer a viable business and
revenue model to multinational corporations seeking to strike gold in India ? Does
Gandhian innovation offer opportunities to maximize shareholder value in
emerging economies? While there are ideas and opinions in business that may be
intellectually stimulating to academicians and even the exuberance of youth may
once in a while romance the aura of social entrepreneurship, it is worthwhile
to ask if Gandhian innovation offers a core value proposition to business
enterprises. Hence the academicians at Ishan Institute of Management &
Technology, the top MBA
College in Greater Noida
have done our best to answer these questions by means of lecture sessions,
business research projects and case studies.
Gandhiji
continues to be an enigma in business schools. The reasons behind saying so are
multiple. First, Gandhiji’s principle of non-violence stands in sharp contrast
to the free market economy that India
has embraced now for the last 25 years. Economic reforms are meant to engineer
an economic system that works on the basis of meritocracy and does great
justice by rewarding the efficient and punishing the inefficient. This carrot
and stick policy may work wonders in the free market institutions like blue
chip corporations and MSME sector where investors want their due and seek to
maximize shareholder value. Even employees and customers shall see nothing
wrong in sticking to meritocracy. Any profit maximizing enterprise shall
support this. Yet the same cannot be said of the government. Investors,
employees and clients are economic agents who engage in transactions but
citizens are not. Second, in an emerging economy like India where
more than 60% of the population lives on a daily wage less the $2, who shall
take the responsibility for the inefficient and weak? If this sizeable chunk of
the population is left out what shall remain of the free market? Third, at the
microeconomic level the free market economy motivates individuals to be driven
by enlightened self interest. These economic agents are called rational people
in the pure economic sense. Why should these rational people leave behind self
interest to pursue something as weird as Gandhism?
Gandhian
engineering is characterized by high technical efficiency, high economic
efficiency, adaptability to local conditions of time, space and scale and
focuses on people, planets and profit simultaneously. These are the most
important characteristic features of Gandhian innovation. As such there are
multiple technical, technological, talent and temperament challenges that
obstruct Gandhian innovations. All Gandhian innovations are essentially
engineered to use fewer inputs like raw materials, spares, fuels, fixed and
recurring capital. Products like Tata Nano, the HUL Pureit, Tata Swach, Le
Chal, Mitticool, and Chotukool are just some of the examples of new product
development that have embraced the principles of Gandhian engineering.
There
are deep running economic, scientific and social ramifications of Gandhian
engineering in an emerging economy like India . While enough has been conceptualized
by Prof. C.K.Prahalad of Michigan State University and R.A.Mashelkar of Institute
of Chemical Technology, Mumbai on the theme of bottom of the pyramid market it
is clearly evident that Gandhian engineering is corporate India’s answer to low
cost new product development for the poor, low cost technological expertise,
employment generation, revenue generation in rural markets, volume business and
revenue generation in Bharat and climate change. It is remarkable that most
cases of Gandhian engineering in the areas of product and process innovations
are carbon and water positive. Tata Nano by virtue of being distributed and
sold in the form of disintegrable tool kits in showrooms has drastically
reduced the logistics costs associated with the sales of the brand. Pureit
makes no use of electricity or any other form of energy and thus virtually
gives back a lot more to society. Coco Cola has engineered visi-coolers that
are 33% more energy efficient and thus enable retailers to reduce sales costs
to the tune of 33% and also energy consumption and the company’s carbon
footprint.
At
Ishan Institute of Management & Technology, the premier MBA College of
Greater Noida and one of the top MBA Colleges in Delhi NCR we have 7 case
studies on Gandhian engineering in the past year. The department would also
like to acknowledge the contribution of Abhishek Kumar Singh, student of the 19th
batch and now working with Price Waterhouse Coopers in setting the tone for
path breaking research by conducting an in-depth study on Gandhian engineering
in Mission Mangalyaan by ISRO.