Many business schools (B-schools) in the country have redesigned their courses to instill real-world skills in their students, which will help them meet the demands of the present day business environment as well as employers. B-schools have launched new subjects in the 2015 curriculum, which includes ways of acquiring tough negotiating skills, taking lessons from major corporate failures, getting thorough knowledge on crucial markets such as China, devising Plan B for start-up firms, reading the mind of investors, dealing with organizational politics, meeting new economic dynamics and gaining good command over written communication.
The premier Indian Institute of Management Bangalore (IIM Bangalore) has introduced public policy classes with electives including Healthcare Economics and Business Chinese. Corporate strategy as well as policy professors will conduct Learning from Corporate Failures as well as Rise of Asian Economies. Around 23 electives have been introduced in the second year, some of which were proposed by the faculty, students and corporates. Moreover, the institute is also offering a course on the German language from this year. The non-credit courses called electives are conducted in the second year of the students at the institute, when they progress to a higher level of specialization.
The Indian School of Business (ISB) implements curriculum change once in five years. The institute conducts a one-year management program. According to institute officials, the current batch consisting of 763 students will be offered a Responsible Leadership Course, which will focus on the way context and biases influence individual behavior, the reason why such factors make it tough for managers to serve as responsible leaders and remedial measures to tackle such factors. The Business Communication course will enhance the verbal as well as written communication skills of the students, which in turn will result in better coordination of actions taken and high performance levels. To boost overall performance, candidates need to learn about market changes in the post-recession period, different facets of ethics as well as business. ISB is mulling recruiting overseas faculty to teach the new subjects.
The Xavier Labor Relations Institute Jamshedpur (XLRI Jamshedpur) has introduced courses including Performance Evaluation as well as Strategies for the Bottom of the Pyramid where students will acquire knowledge on the ways of using data during decision-making. According to institute officials, the electives have been launched as research along with market experience have proved their necessity. By incorporating electives, students will be made to welcome the prospect of inclusive growth as well.
According to education analysts, these courses will be more effective if students are exposed to situations directly, instead of their going through numerous case studies. Students need to think beyond bagging lucrative job offers and focus on acquiring enough real-life skills to be able to resolve all corporate issues that they may face at a later stage, added the experts.
Source: The Economic Times