At one
of the top MBA Colleges in Delhi NCR, Ishan Institute of Management &
Technology, the academic, business and student communities have been engaging
in acts of global exposure for the last twenty one years. One of the reasons
that students opt for MBA courses in the top MBA Colleges in Delhi NCR is that
the place offers a window into the world of opportunities. Probably it is
fashionable for academicians of higher education to harp on the strings of well
chosen homilies that are outright bookish and textual in their endeavours to
define globalization. Given that globalization makes its presence felt in the
literature review of more than one academic discipline, the biggest challenge
for business school academicians is to optimize the definition that best
reflects the aspirations of the community that they epitomize. To put things
into a capsule form, there are economic, cultural, social, political,
financial, technological, linguistics and historical dimensions of
globalization. The reason behind taking up the title of globalization in an
academic blog from a business school in Delhi NCR is to ask ourselves about
that community of people and category of business interests that we aim to
support through our rendition of a definition of globalization. As intellectual
as the title gets, it makes enormous good sense to assert that the function of
an academician, an intellectual and specifically even a business school faculty
is to offer the best possible choice available from a range of options as
referred to in his seminal work “The Responsibility of Intellectuals” by
celebrated American cognitive scientist and logician Noam Chomsky.
Cherry Picking the Truth of Globalization Sans the Colours
of Ideology
Most
academicians have unfortunately got accustomed to the bad habit of painting an
academic concept in colours of ideology and thereafter presenting a half baked
truth on the floor of the classroom to young minds in their lecture sessions.
The results are obvious and lackadaisical. As renowned business theoretician
Peter Drucker had once written in his book The End of Ideology, the best thing
about the 21st century is that it marks the end of empires that
were built on ideologies that have all
at some point of time crumbled to defeat and despair in the face of surmounting
empirical evidence pointing to the contrary. Business school academicians for
example did rightly celebrate the fall of a myth of the dictatorship of the
proletariat when the Gulliver’s giant USSR collapsed and the Berlin Wall was
brought down by people from both the sides of Germany. However they for obvious
reasons best known only to them fail to acknowledge the fact that a school of
thought in business management that fails to defend the lives of 25 million
people annually on account of poverty is a failure and a big one at that. They
remain conspicuously absent and deafeningly silent on the fact that 8% of the
world’s population consumes 70% of the world’s resources and generates 30% of
the global climate change. This is where there is a pressing need to obliterate
the very narrow view of globalization that has been unfortunately propounded by
Anglo-American schools of business thought based on “financialization.” To
think of the world as a market, human lives as commodities, problems of local
communities as opportunities to extract super normal profits and enlightened
self interest or individualism as a sacrosanct philosophy implies that
globalization to some MBA and PGDM Colleges is a ‘race to the bottom” to quote
the iconic Columbia economist Prof. Jagdish Bhagwati.
Engineering Globalization to Expand Horizons and Enhance
Choices
Contrary
to the dogmas that exist on the right, left and centre, globalization is the
process of connecting nations in the world by means of economic, technological,
cultural, linguistic, political and social interfaces that are engineered to
achieve desired objectives. At Ishan Institute of Management & Technology,
one of the top PGDM Colleges in Delhi NCR and the first MBA College in Greater
Noida, we assert that globalization is communication, the language of it best
defined in content and form according to the objectives of the communication.
We assert that globalization without human engineering turns into carnage of
the worst kind where people and planet lose out the pole positions of priority
to profit only. We assert the view that it is not in the best interests of
investors, clients and employees of any business enterprise to lead sequestered
lives in a small world where streamlining the flow of information with regard
to the availability of alternatives can expand our choices. In a world that is
connected and mobility is enhanced it is possible to make optimal choices for
work, investments, education, health care, entertainment and more. In a world
that is not connected and mobility is depleted it is possible to make sub
optimal choices only.
Globalization
is a process and it is for business executives, investors, employees and
clients to drop anchor on objectives of economic welfare and not just financial
gains. There are three statements that can be stated in defence of this
assertion. First, is the quote of U.S President Barrack Obama “If you are only
thinking of material gains and what is in it for me, it reflects a poverty of
ambition?” Second is the title of a
watershed work in development economics by Nobel laureate Amartya Sen,
“Development as Freedom.” Third is the quote of the renowned Cambridge
economist Dr.Manmohan Singh, “There is no free market without freedom.”
At the
top PGDM College of Delhi NCR, Ishan Institute of Management & Technology,
we have conducted more than forty international seminars on tracks of global
importance. These international seminars have been graced by the auspicious
presence of avant grade ambassadors of governments of different nations.
Students of PGDM and MBA have been enabled and empowered to expand horizons by
engaging in research in peoples and problems of communities and offer solutions
to solve problems and make a visible difference to their lives. In our journey towards
global exposure in recent years we have received support from the ambassadors
and governments of the following countries: Bhutan,
Sri Lanka, Bosnia-Herzigovinia, Denmark, Darussalam Brunei, Zimbabwe, Iceland,
Italy, South Korea and Mongolia.