RE: [MTC Global] Business Education and Current Economic Crisis: Brain Storming Session

My take:

 

a.       Business schools may not be directly responsible for the present crisis but we need not forget that the crisis was created not because of natural causes but because of the professionals churned out by the business schools. They misbehaved because of their greed for money and power hence the crisis. This is the reason we time and again say that education has to be for life and not living – that is why we say that education without spirituality and values will produce monsters.

b.      Yes, business schools will not be impacted because of this economic crisis but there are many other reasons relating to behavior of the managements and few faculty members that may impact the credibility of the higher education itself.

c.       Business schools cannot do anything to restore the faith of the people in the business and market economies at the moment. But they can definitely realize the shortcomings of the existing education system and make desirable corrections.

Regards

Virendra Goel

 

From: join_mtc@googlegroups.com [mailto:join_mtc@googlegroups.com] On Behalf Of nidhi verma
Sent: Monday, July 02, 2012 8:58 AM
To: join_mtc@googlegroups.com
Subject: Re: [MTC Global] Business Education and Current Economic Crisis: Brain Storming Session

 

Dear All,

 

I think first proposition is correct that business schools are not responsible in any significant way for the crisis.

but for the second, I have my doubts because if economies are facing crisis & individuals do not have faith in such market driven processes than indirectly it will affect the buying behaviour of the consumers including their buying/ spending behaviour for education/ educational institutions. 

 

Also, it will affect directly as far as hiring process is concerned. If corporates reduce their intake or start lay offs than again the disposable income in the hands of individuals will reduce & also the confidence of the people in jobs/ work life/ companies will reduce which will again affect their buying behaviour.

 

so, the programs may not get affected as far as the curriculum designing or daily working of the B-Schools is concerned but provided they get sufficient admissions to run that comfortably for next 2 years (the course duration)

 

the third proposition, they might play a role that might be in the long run and also not very certain about it......

 

 

Thanks & Regards

Nidhi Verma Nandwani

 

 

On Tue, Jun 19, 2012 at 10:28 AM, Prof. Bholanath Dutta <bnath.dutta@gmail.com> wrote:

Let us make few propositions on the context of current economic slowdown across the world.

 

 

(a) that business schools are not responsible in any significant way for the crisis; It is purely market driven.

(b) that business schools will not be significantly impacted in their programs and functioning by the crisis; and

(c) that they might play a role in restoring the confidence of the public in business in general and in the efficiency of market economies, as well as the confidence of employees in the organizations that hire them – but that this is far from certain.

 

Request all of your views on these three very important propositions………………..

 

 

EDUCATE, EMPOWER, ELEVATE

Bholanath Dutta

Founder, President & Convener: MTC Global

Web Link: www.mtcglobal.org Email: bnath.dutta@gmail.com/president@mtcglobal.org

Cell: + 91 96323 18178

 

 

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Regards

Nidhi Verma Nandwani
Faculty Member
CMRIT - Bangalore