Dear Sirs, Should Poverty Management be taught in a B-school? I am uncertain as to the reasons for suggesting this area for management education. If we consider that business education is primarily driven by the opportunities existing, created or evolving as a result of various forces operating at a point in time, then it is difficult to comprehend how Poverty Management can provide a successful career option for the students of a B school.
Historically, poverty as a subject been studied for a long time by well known economists from Adam Smith, to Marx, Keynes, Galbraith and in India by well known economists most notably Amartya Sen. I think, that the persistence and growth of poverty, and its eradication has bedeviled the most astute minds and is actually the centerpiece of the the welfare programs of any Govt.
The subject of inclusive growth engages the Govt and policies such as tax reliefs, CSR participation and other initiatives to rope in the Corporate sector. These policies are seen by the corporate sector as a necessary evil. They limit their involvement to the extent that the activities are seen for Brand promotion.
It must be understood that poverty management does not by itself become a profitable business activity. Due to the stigma of profit making associated with all charitable, social and community activities, corporates stay away from taking up these activities. Those who do so expose themselves to the charge of exploitation ( an many are possibly doing it). An example of this are the Microlending companies set up to counteract the role of the local moneylender and shown up as models of how to promote growth of small businesses. These were later found to charge far higher interest rates then even the local moneylender!
The subject of poverty and its management ought to address the Social workers, the Administrators and the politicians as well as concerned citizen activists. I believe none of these are to be found among the students of today.
I tend to believe that that Poverty cannot be eradicated and that the responsibility of coming out of poverty rests with the poor to a very large extent.
Best Regards,
K.Paranjpe
On Thu, 01 Aug 2013 09:14:23 +0530 wrote
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According to Tendulkar Formula Rs 32/- per day per capita is the metrics of poverty. Rangarajan formula remains work in progress. There can be many NSS (National Sample Survey) Reports.
Bholanathji brought an important issue to make poverty as part of curriculum / Management Education. At the outset it must be the part of Business Economics subject. The ecosystem of any business is surrounded by society. The poverty level of the society, directly influence business, products and services.
Important point raised is whether Management Education can be used to address poverty issues. Govt. Policies related with poverty say Food Security Bill, RTE, MGNREGA etc. are implemented by Administration Execution Machinery run by IAS. Without entering in to controversy of effectiveness of execution and interfering in to the existing system the issue is how we can contribute as Management fraternity through Management Education.
Management Institution must take the responsibility of development of society around their geography. They must play their societal role in addressing poverty issue. Beside vast student power they can make use of CSR aspects of Industry.
Post retirement, I have taken the rural project of "Improving the Quality of Life". Poverty word I avoid. The Project is "Rural Empowerment through ICT". It is through my own funds in a village in Ambala (Haryana). It include both products and services. Basic strategy is that rural people should not leave village and should earn extra by remaining at village only. To illustrate a simple project is to Train people as Drivers. There is a huge demand for part time drivers in City. ICT is used to provide connectivity.
On Education / Training front the Project is:
Leadership Course "We Can" specifically designed for SC,ST,OBC.
Art of Selling.
To interested Members project information can be shared. Any Management Institute sincerely interested in addressing poverty issues can be guided.
MTC should generate a White Paper.
Regards.
Raj Verma
On Thu, Aug 1, 2013 at 6:53 AM, PARTHA SARATHI
Dear all,
Good morning. The issue raised by Dr.Duttaji is very relevant in the current context. In my opinion poverty eradication is possible through - education followed by employment. We need to focus on employment oriented education in an integrated manner rather than any stand alone efforts .
One way of addressing this problem is to rope in Corporates under CSR initiatives in order to raise the financial resources for providing education to the poor and in turn seeking job placements at these corporates. When this strategy is implemented , in the long run we will be able to improve the employability of the educated youth ( especially the poor students) and reduce the poverty.
With warm regards,
B.N.V.Parthasarathi.
Ex-Banker and Adjunct Faculty,
Administrative Staff College of India,
Hyderabad.
Mobile- 09885064644.
From: Prof. Bholanath Dutta
To: join_mtc@googlegroups.com
Sent: Wednesday, 31 July 2013 11:27 PM
Subject: [MTC Global] Address the poverty issue through management education
Dear Esteemed MTCians,
Greetings!
As we are aware that there are eight millennium developmental goals and first one is eradicate poverty. Is it possible to address the poverty issue through management education ? Few steps are already taken like various community services works, collaboration with NGOs etc. But not many. Is it possible to include the same in the curriculum ?
Request reflection on the subject. It would really helpful to the members.
Educate, Empower, Elevate
Prof. Bholanath Dutta
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K.D.Paranjpe
Mumbai
MTC GLOBAL- Educate, Empower, Elevate
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