Published on March 10, 2014
UNCONVENTIONAL MANAGEMENT TEACHING METHODS FDP BY MTC GLOBAL Ramesh Vemuganti Principal Strategist, Chanakya Consulting
I'm a slow walker, but I never walk back. Abraham Lincoln.
As we enter st 21 century, Innovators & Visionaries will replace Predators & Intimidators. Independence will be replaced by Inter dependence. Rampant Globalization Unstoppable Innovations Not Updated = Outdated – Be it a Colleague, Person, Technology, Process, System, Organization, Institution, Govt. policy.
Rapid pace of Technology change Fierce competition – MNC vs local players exg HP & a local assembler; Samsung & Micromax; Process industries ; Walmart vs Heritage;
1. Start with a Story : “Storytellers, by the very act of telling, communicate a radical learning that changes lives and the world: telling stories is a universally accessible means through which people make meaning. Students wait eagerly for the story before each session/ class. Either you can ask the lessons from the story or link it up to the topic for that class.
2. Focus on Self education Formal education will make you a living; Self-education will make you a fortune. Jim Rohn
Attending Guest lectures, Seminars, Workshops, Training programs, Learning from Colleagues, Boss, Professionals, Friends, Alumni, Google search, You Tube……. is all about Self Education.
Being a member of MTC G Is starting a new career. Faculty can guide a student from Classrooms to Corporates & Entrepreneurship Employees to Performing Employees Professionals, Entrepreneurs & Businessmen become High Achievers.
3. Case Study to Case Evaluation 80% of Harvard Mgt education is based on Case studies Other leading B schools – 30 to 50%. Case study is similar to Reading comprehension Go Beyond Cases………. Evaluate & Analyze the Case : what is it about, background, what it states, emphasis on, which functional area, which sector, technologies , tools, methods, research angle, empirical studies, Innovations, What is the message, asking for solutions???
Whenever I found the key to happiness, someone changed the lock.
What is today’s Economy Knowledge economy – based on Knowledge in the form of Products & Services. People with more domain Knowledge are in demand in orgns. We deal with Knowledge, everywhere. Earlier, Traditional economy – based on Physical Goods & Services Why this massive thrust on Knowledge?
We have graduated from : Agricultural age Industrial Age Information Age Knowledge economy Technology revolution. What happened in 1970 :
4. Role Plays, all the way…. Replicate Corporate environment in classroom. Explain role clearly to the student – avoid role ambiguity, like in certain organizations. Let the students live enact each role Do different role plays in various functional areas – Marketing, IT, Finance, HRM, Quantitative, Systems Refer Textbooks, Mgt today, Business India, Forbes, Fortune, ET/ BS/ FE articles, cases from Harvard, IIM”s, ICFAI, leading Universities. FACULTY NEED TO UNDERSTAND THE IMPORTANCE.
The great leaders are like the best conductors – they reach beyond the notes to reach the magic in the players. – Blaine Lee.
5. Mock sessions in Industry expectations/ skills Values & Ethics Discipline – Time, Word, Behaviour with others Perseverance Interdependence Integrity Inter connectedness Innovative thinking Intensity
6. Avoid frequent Job hopping Let a student get Integrated into the culture of that organization, where he is working or is associated with. Career is built , not by changing jobs & organizations, but by learning, absorbing, implementing - knowledge & skills with a positive attitude.
Performance ratings In 1955, year Fortune 5000 was formed, No of Performance ratings was A . Today it is six times 6A. Any company, small. Medium, corporate or MNC, Success cannot be taken for granted. All ratings, accomp;lishments, achievements are a result of 24* 7 learning, stupendous team work , unwavering focus, meticulous planning & ruthless implementation.
One man with Courage is a Majority. Thomas Jefferson, ex US President. One man with Technology is a Powerhouse. in today”s scenario. Ramesh Vemuganti
7. Create a Learning Institution. Intel invented Microprocessor which changed the World. Megabytes & Hexabytes of Data was generated by Computers in Offices, Universities, Labs, R & D centres, Govt Depts. IOD to TOI to QOK to BOT to MOI Data – Information – Knowledge – Technology – Innovations – Link. There must be a learning environment in the Institution spread across all depts, dvns, branches, . Have new innovative messages, quotes, on class room walls, bulletin boards, canteens, campus, desks,,,. Conduct Quiz programs on the authors, topics, management,,
DIKTI Link : Primarily Responsible 1970 to 2013 Daily Bread - 4 to 20 Small Cars - 3 to 200 models TV Channels - 2 to 160 plus Mobiles - 6 to 200 models Smart Homes Consumer goods, White Goods, Education, Machinery, Corporate Hospitals, Retail, Banking, Fitness centers, Plethora of choices – An organization can give choice to prospects & customers in products/ services.
Do not wait to strike till the iron is hot. Make it hot by striking – William B Sprage. Eg : Prof Bholanath of MTC Global.
Rapid Pace of Change Tatas Infosys Haldirams Swagruha Foods Yahoo Google Facebook Anna Hazare Kolavari Di 50 years 15 years 10 years 10 years 5 years 3 years 1 year 6 months 4 months
The World today Knowledge society Knowledge economy Information society Information age Technology revolution Digital age/ economy Next Gen : 20”s & 30”s - Speed, Innovation, Restless, Competitive, Conversation, Informal, Technology driven, less Emotional……
How Info Age has Impacted Organizations Structure, Systems, Processes, Tools. Strategy – Technology Strategy & Business Strategy No 6 : PKL can have a Business Strategy & Technology strategy for each product/ service.
Functional areas – Mktg, Fin, HRM, Prod, Operations, Logistics, R & D, others. Technology Forecasting, Technology transfer, Technology diffusion. Evolution of Knowledge Mgt & Innovation Mgt Employee behavior
There are a lot of things that go into creating success. I don’t like to do just the things I like to do. I like to do things that cause the company to succeed. I don’t spend a lot of time doing my favorite activities. – Michael Dell.
8. Keep students engaged for 16 hrs daily. Daily assignment Case evaluation – one case for every group daily. One presentation by every student everyday Business newspaper analysis – ET/ BS/ BL Faculty to work together to make above happen – Supplement one another.
Topics & Examples,,, Impact of exemplary Leadership in Kumaramangalam Birla group of companies? How Haldirams became a global Corpn with wonderful Supply Chain Mgt ? Role of CRM in growth of Telecom giants? Strategic Mgt in vast expansion of More Supermarket & Axis bank ? Brilliant Project Mgt by GVK & GMR made them benchmark companies in infrastructure.
Technology Mgt : How good Technology Forecasting & right Technology Transfer enabled heritage foods set up several Retail outlets. Excellent Technology Absorbtion, Implementation & Diffusion made it possible for IMI Mobile became a 1000 people enterprise for major telecom companies in 6 to 7 years. USA, Japan, Singapore, Taiwan became advanced economies with Effective Tech Mgt
Strategic Mgt : Cognizant, Marico, Pennar Industries Knowledge Mgt practices in Deloitte, IBM, others Research Methodology,,,,,,,,,,,, Make students study companies & enterprises in towns & cities & analyze.
9.Form groups for every batch Let students work only in groups. No student must be left alone. Group learning is faster, by 2 to 3 times. Student develops by looking at the other Have mix of outstanding, average, below average students in every group. All group members must participate – presentations, discussions, viewpoints, assignments, projects, Shuffle the seating arrangements & places. Don’t allow students to settle down in one place.
Unless a man undertakes more than he can, he can never do all that he can – Henry Drummond. Have more things to do daily, higher targets, Steeper deadlines. Continuously , engage the students with work.
10. Encourage & Motivate students to Be curious & Ask questions Curiosity leads to Learning. Continuously Asking Questions Make students ask Question others during presentation. Generate an internal competitive spirit. Focus on every student especially the passive ones.
Learners are Winners To be successful in a Knowledge economy, firms must create learning organizations. Don Tapscott.
L & D replacing T & D. – Learning is 24 x 7 with several changes happening too frequently. - Systems, Technology, Process, People, Markets, Platforms, Industries, Sectors. Conduct workshops on “ Why Inter Dependence ?” , Innovative culture”, “ Effective Communication”. It is a prerequisite. Shun Arrogance & Emotional outbursts. Develop this trait in students & employees DIKTI has a major role in affecting the above mentioned.
Job descriptions are becoming less important Changing nature of jobs, tasks, assignments, projects. Quantitative methods, tools, Analytics, Data Mining, Research Methodology are critical today. Integration of domains, fields & expertise. Understanding of Maths, Statistics, Graphs is a must for every Management professional
Continuous effort – not Strength or Intelligence – is the key to unlocking our potential. Sir Winston Churchill .
11. Emphasize on Speed The ability to quickly process & synthesize information & turn it into actions is one of the most emergent skills of Professional world today. Eg : Handling mails. Do list Defer Dump it Delegate it So also any incoming letter, answer paper, document, proposal, communication, information needed for decisions, etc. Offer quick feedback. : Devise a system wherein any Message or Information must be read immediately by Faculty & Employees. Respond immediately.
Love is Blind but Marriage is an eye opener.
Technology – All pervading in Orgns Technology is Not Information Technology alone. Primitive man to steam engine to automobile to aero plane to computer to satellite to Internet to Face book – Technology or millions of technologies. Organized knowledge is Science- Newton’s law Application of Knowledge is Technology
The only people who find what they want in life are the fault finders - Folstein Law
12. Develop People Skills Technical skills can be taught – Softwares like Java, Oracle, Soldering, Machine operations, Repair/ Servicing of electronics goods, Troubleshooting, etc. Understanding the Young gen – age 22 to 35. People skills are not easy to impart. Spend more time in developing Students . Make it comfortable for students to pass on the information, share their knowledge & technology with classmates & faculty.
13. Multiple Projects & Internships. Several available in 2 tier cities & towns. Build strong relationships with District Collectors, Officers, Police officers, leading Businessmen, Professionals in that place Ask & Volunteer for Projects Become Management Consultants & Solution Providers. Get students involved in all Projects In Campus Projects – Canteen, Transport, Theaters, Arts, Incubation centers, Entrepreneurships
Guide & Monitor the students - study, analysis, data collection, preparing proposals, presentations… Each student must do 2 Projects per semester 2 Internships during PGDM/ MBA. Some Projects lead to Internships
Everyone has a photographic memory. In some people, film is missing.
14. Student Assessment on 9Q”s. Scale of 1 to 20. LQ – Learnability Quotient EQ – Emotional Quotient NQ – Numerical Quotient IQ - Intelligence Quotient NQ – Networking Quotient SQ - Spiritual Quotient HQ – Human Quotient AQ – Awareness Quotient MQ – Management Quotient
Rising expectations of developing nations & consumers make it mandatory that we never rest on our past laurels or take success for granted. Winners edge by Denis Waitley.
15 Versatile Personalities - World of tomorrow. A PGDM/ MBA/ Grad/ PG student must be continuously updating information, seeking knowledge, thinking innovations, absorbing technologies , interacting with others & implementing all of them. He or she will be ahead of their peers & contemporaries in any field of Endeavour . They must be like a sponge – Tap Information, Knowledge, Technologies, & Innovations , everywhere. Keep striking.
15 Uncertainty is certainty Prepare the students for Uncertainty : Markets, Competition, Technology, Systems Tools Govt Policy People”s mindsets. Political climate DEVISE YOUR OWN METHODS.
Writing on the wall Managers, Faculty, Entrepreneurs & Professionals must expand the vision , understand the DIKTI Link, increase the knowledge base & lead from the heart to streamline operations, progress & push the organization to Next Level.
To err is human but to forgive is not a market policy.
DO WHATEVER NEEDS TO BE DONE TO ENSURE THE STUDENT LISTENS TO, FEELS COMFORTABLE ASKS QUESTIONS, SHARES & RESPECTS THE FACULTY.
Regardless of who you are or what you have been, you can be what you want to be. W Clement Stone
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