CII SOUTHERN REGION
CONFEDERATION OF INDIAN INDUSTRY
EDUCATION QUARTERLY VOLUME:2 ISSUE: 4 JAN - MARCH 2015
BRIDGING INDUSTRY AND THE ACADEMIA
CII-SR CII-SR SUCCESSFULLY SUCCESSFULLY ORGANISED ORGANISED ACADEMIC ACADEMIC LEADERSHIP LEADERSHIP MISSION MISSION TO TO SINGAPORE SINGAPORE IN THIS ISSUE Ÿ CII SR Education Initiatives Ÿ Global Education Spotlight- Singapore Ÿ CII Academic Leadership Mission to Singapore Ÿ Special Feature:
Management Education for a VUCA world
Ÿ CII Southern Region Management Conclave- 2015 Ÿ Forthcoming Initiatives Ÿ Education Infographic Ÿ Book on Education
CII- SR EDUCATION INITIATIVES
Education Excellence Forum There is a need for holistic intervention by the industry to address the issue of industry orientation of pedagogy, faculty development and also student learning To address this: CII initiated Education Excellence Forum (EEF) in 2012. Finding a way to engage and benefit the membership, CII proposed this forum with various initiatives towards industry- institute interface across the region like Faculty development programme, facilitation of Curriculum Development, industry visits, CEO sessions and student development programmes. HAVING SUCCESSFULLY PIONEERED THE CONCEPT IN TAMILNADU, CII WILL SOON BE ACTIVATING THE FORUM IN ALL THE SOUTHERN STATES.
Nurturing Industry Oriented Higher Education Apart from the above mentioned services, CII would be very happy to work close with the individual member colleges and provide individual facilitation in the following areas: Ÿ Ÿ Ÿ
Arranging faculty industry visits with orientation sessions Faculty development programmes in industry applications Assisting institution in bringing industryorientation in curriculum and academic practice
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Faculty orientation programmes in industry consulting and research Developing innovation cells in the college & Sensitation Workshops Employability and career guidance sessions Special virtual classes on specific topics
SPOT LIGHT GLOBAL EDUCATION
SINGAPORE's EDUCATION SYSTEM *As presented by ITE Singapore
Singapore is a tropical island city-nation with a population of 5.47 million (June 2014), situated strategically in South-east Asia, off the southern tip of the Malay Peninsula. The city-state is 710 square kilometres. It is a multi-racial, multi-religious and multilingual society, where Chinese-origin people make up the dominant 74.1% of the population, followed by Malays at 13.4%, Indians at 9.2% and other races at 3.3%. Singapore has enjoyed spectacular economic growth since independence. Its per capita GDP in 2013 was S$66,928. Singapore aims to invest in R&D to deepen manufacturing capabilities and tapping on cutting edge technologies to upgrade existing activities and open up new growth opportunities in manufacturing. Through the $500 million Future of Manufacturing initiative, Economic Development Board (EDB), Singapore and A*STAR are helping businesses to develop and adopt such technologies. Singapore plans to build up industry capabilities by leveraging on Institutes of Higher Learning. Singapore will focus on highlyskilled, multi-disciplinary skill sets such as technical knowledge, systems thinking and industry application for its on future manufacturing jobs.
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CII-SR EDUCATION INITIATIVES & ACTIVITIES IN THE RECENT PAST CII ACADEMIC LEADERSHIP MISSION TO SINGAPORE
India and Singapore has a long standing relationship and it is now an hour of celebration with the Golden Jubilee around the corner. At this juncture, both the economies are becoming very important in the context of globalization. While the opportunities are immense, both the countries are embarking on more business to business and people to people interactions. Singapore is a Home to a harmonious blend of culture, cuisine, arts and architecture, Singapore embodies aspects of both East and West in many interesting ways. Singapore is also having one of the high quality, robust and well-thoughtout education system. CII SR organized this Academic Leadership Mission to Singapore from 19th January 2015 to 21st January 2015 to study best practices and explore collaborative avenues in higher education between Singapore and South India in consideration of several important factors like geographic proximity, connectivity, best practices and the presence of an enabling eco-system coupled with a growing demand for quality education / pedagogy. The Objective of this first ever visit with special focus on higher education included the following: 1. Learning and sharing of Best Practices learning from the delegation perspective. Best Practices in Singapore in terms of: A. Pedagogy B. Curriculum Development C. Industry Institute Interaction D. Basic & Applied Research E. Institutional administration 2. Exploring Faculty & Student exchanges, twinning and semester abroad programmes 3. Policy interventions and regulation 4. Explore and exchange ideas, opportunities and discuss norms, quality standards for academic delivery
Academia delegates from Tamilnadu, Andhra Pradesh, Telangana and Kerala visited nine of the top education institutions of Singapore.
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CII-SR EDUCATION INITIATIVES & ACTIVITIES IN THE RECENT PAST LIST OF SINGAPORE INSTITUTIONS VISITED DURING THE MISSION Mission was led by Mr C R Swaminathan, Chairman, CII SR Education Subcommittee National University of Singapore (NUS): A leading global university centred in Asia, the National University of Singapore (NUS) is Singapore's flagship university which offers a global approach to education and research with a focus on Asian perspectives and expertise. Nanyang Technological University (NTU): NTU is a global university on a rapid rise. Ranked 39​th in the world, it is also the world's top young elite university. NTU is a vibrant hub for learning and a hotbed for research at the confluence of the most important disciplines. National Institute of Education of (NIE): National Institute of Education (NIE) Singapore is a national teacher training institute in Singapore. It is an institute of Nanyang Technological University. The mission of NIE is to Excel in Teacher Education and Educational Research. Institute of Technical Education (ITE): The Institute of Technical Education (ITE), Singapore, was established as a post-secondary education institution in 1992 under the Ministry of Education. ITE is a principal provider of career and technical education and key developer of national occupational skills certification and standards to enhance Singapore's workforce competitiveness. A*STAR FusionWorld: The Agency for Science, Technology and Research (A*STAR) is the lead agency for fostering world-class scientific research and talent for a vibrant knowledge-based and innovation-driven Singapore. FusionWorld features a dynamic and interactive showcase of award-winning inventions and cutting edge in-house and industry-collaboration prototypes created by A*STAR's research institutes. Singapore Management University: A premier university in Asia, the Singapore Management University (SMU) is internationally recognized for its world-class research and distinguished teaching. Established in 2000, SMU's mission is to generate leading-edge research with global impact and produce broad-based, creative and entrepreneurial leaders for the knowledge-based economy. INSEAD- Singapore Campus: INSEAD is one of the World's top graduate business schools with campuses in Europe (Fontainebleau, France), Asia (Singapore) and the Middle East (Abu Dhabi). INSEAD's Asia Campus is Situated within Singapore's knowledge hub. The campus covers an area of some 20,000 square metres with eight amphitheatres, numerous teaching rooms and discussion areas, an auditorium, full wireless Internet access, a 24-hour library and fitness facility. SP Jain School of Global management, Singapore Campus : With campuses in Sydney, Singapore and Dubai, the School offers undergraduate and graduate/postgraduate business courses. S P Jain is ranked among the best business schools in the world. The Management Development Institute of Singapore (MDIS), founded in 1956, is Singapore's oldest not-for-profit professional institute for lifelong learning.
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GLIMPSES FROM ACADEMIC LEADERSHIP MISSION TO SINGAPORE VISIT TO NANYANG TECHNOLOGICAL UNIVERSITY & NATIONAL INSTITUTE OF EDUCATION
The Visit started with the Introduction of NTU Campus Model byDr Toh Kian Lam, Director, Office of International Affairs, followed by welcome remarks and NTU Overview Presentation by Prof Er Meng Hwa, Vice President (International Affairs)
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CII-SR EDUCATION INITIATIVES & ACTIVITIES IN THE RECENT PAST GLIMPSES FROM ACADEMIC LEADERSHIP MISSION TO SINGAPORE
Meeting with Mr S N Venkat, Senior Associate Director, Office of Postgraduate Professional Programmes, SMU
Visit to NUS started with the session about the campus infrastructure and plan followed by a presentation and meeting hosted by Prof Andrew Wee, Vice President (University & Global Relations)
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CII-SR EDUCATION INITIATIVES & ACTIVITIES IN THE RECENT PAST GLIMPSES FROM ACADEMIC LEADERSHIP MISSION TO SINGAPORE
MEETING WITH MS VINIKA RAO, EXECUTIVE DIRECTOR, EMERGING MARKETS INSTITUTE, INSEAD, SINGAPORE
VISIT TO A*STAR FUSION WORLD- HOSTED BY MR SURESH SACHI, DEPUTY MANAGING DIRECTOR, A*STAR AND TEAM
Some of the interesting technology applications that were demonstrated to the delegates include: 3-D FACE RECONSTRUCTION GENDER RECOGNITION MACHINE TRANSLATION FLEXIBLE IMPACT PROTECTION COMPOSITE BRAIN COMPUTER INTERFACE (BCI) HUGGLER - Interactive pet companion
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CII-SR EDUCATION INITIATIVES & ACTIVITIES IN THE RECENT PAST GLIMPSES FROM ACADEMIC LEADERSHIP MISSION TO SINGAPORE
MEETING WITH MR CHONG LEONG FATT, DEPUTY PRINCIPAL (ADMINISTRATION), ITE COLLEGE CENTRAL AND CAMPUS VISIT.
CAMPUS VISIT AND MEETING SESSION HOSTED BY PROF. VEENA JADHAV, DIRECTOR OF INDUSTRY PROJECTS, SP JAIN SCHOOL OF GLOBAL MANAGEMENT- SINGAPORE CAMPUS
VISIT TO THE MANAGEMENT DEVELOPMENT INSTITUTE OF SINGAPORE (MDIS) AND MEETING WITH DR. THEYVENDRAN, MD AND SECRETARY GENERAL, MDIS
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SPECIAL FEATURE : MANAGEMENT EDUCATION FOR A VUCA WORLD CASE STUDY Management in a VUCA World The present day world is ever changing, fast evolving and is characterized by VUCA. VUCA, a term coined by US Army War College stands for Volatility, Uncertainty, Complexity and Ambiguity. VUCA has now been recognized and accepted by the business leaders and organizations as the new normal. A successful manager in a VUCA world needs to handle a variety of changes and bringing order amidst the chaotic business environment. Characteristics of VUCA VUCA stands for Volatility – Nature, Speed, Magnitude and Dynamics of Changes in business environment Uncertainty – The lack of predictability surrounding business given the unpredictable macroeconomic environment Complexity – Myriad of issues and complications surrounding an organization Ambiguity – Unclear road-map and vague real time conditions faced by organizations The above signs have been witnessed regularly and are expected to increase further in the future. Need for Change in Modern Management History is full of organizations which have been shut down because of their inability to navigate through changes. Business changes are inevitable and appropriate leadership development programmes are required to be able to adapt and respond. Likewise, Management Education also requires a sea change from traditional methods to stay relevant and responsive to the current requirements. Students have to be prepared for an increasingly complex career in an environment surrounded by complex situations requiring quick solutions. Rebooting Management Education to be relevant in a VUCA World Management education in India has been largely able to address the demands of the Industry till the turn of the century. India has produced high quality managers from its premier institutions who have succeeded in Industry and as entrepreneurs. AICTE had close to 3700 technical institutes offering management education to around 3.5 Lakhs students in 2014. However over the past decade it has also been observed that, increasing demand for management professionals have led to mushrooming of management institutions, sometimes at the expense of quality management education. The need of the hour is to ensure Indian management education changes itself with the changing word and continues to produce future managers who are equipped to be successful in a VUCA world.
MYCII Portal
Changing dynamics in Management Education to relate to a VUCA World Indian Management education needs to stay relevant in the current scenario and need to adapt quickly, bring changes in curriculum design and execution, adopt disruptive measures in terms of technological usage and innovate in delivery models to relate to a VUCA world. In a VUCA world, management education will be assessed on the capability to adapt to an altering economic environment.
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SPECIAL FEATURE : MANAGEMENT EDUCATION FOR A VUCA WORLD CASE STUDY Glocal Approach - Global Competitiveness with locally appropriate learning outcomes Improving global competitiveness of the Indian management institutions is essential to promote quality education suited to a VUCA world. Global competitiveness can be fostered and enhanced by: Accreditation: Accreditations are done at the national level by bodies like NBA, NAAC and institutes can also seek international accreditation of the likes of IACBE, AACSB, AMBA, EQUIS et.al. Accreditation helps in attracting students from various nationalities which in turn fosters student diversity enabling an environment to produce mature and focused leaders Global Collaborations: Global collaborations both on Academic and Research fronts are key in improving the standard of education and producing meaningful research output. Through the above measures adopted by the institutions, Indian Management institutes will be able to create leaders who have the ability to think local and act global in a VUCA world. Technology as a Game Changer Technology can be a game changer in the field of management education for a VUCA world. It can be leveraged for implementing innovative delivery mechanisms suited for a large and diverse country like India Digitization is a mega trend in delivery of management education and is required to take the courses into hinterland of India MOOCs (Massive Online Open Courses) can provide easy access to high quality education in the living rooms. Students to collaborate on digital platforms to share their knowledge and even assessment can be done over online delivery mechanisms Global Faculty can teach using technology platforms from their base locations Scenario based / Simulation based learning can provide value added experiential learning with a bias for action rather than theory
Case Snippet : Ross Business School, Michigan “Multidisciplinary Action Projects�- An experiential learning program requiring students to learn integration of various business disciplines through action at an organization. More than 600 organizations have sponsored this program. Faculty advisors provide research support and evaluate by visiting the sponsoring site Changing roles of the key stakeholders
MYCII Portal
Students Indian Students are looking to learn global perspectives of business, understanding cross- cultural sensitivity and learning the ability to collaborate in their management programs in addition to the technical knowledge which has been the focus area of the Indian management education.
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SPECIAL FEATURE : MANAGEMENT EDUCATION FOR A VUCA WORLD CASE STUDY Students want to be trained to think about issues from diverse angles, solve problems holistically. Adaptive thinking and being open to change will be essential for future development for students to become successful managers in the VUCA world. Differentiated programs – short term, flexible and customized programs bringing in experiential learning, multidisciplinary approach and global perspectives would lead to creation of inspirational leaders suited to the VUCA world. Faculty/Academia Indian management faculty have long been regarded very highly and deservedly so. They now need to adapt to the flipped model of teaching where the role of Faculty has shifted where the discussions are led by the student and directed at the faculty. Facilitation skills are increasingly required to deliver value to the student. The class room is guided by the faculty to find the right solutions to business problems. Policy Makers/Government Policy framework in Indian needs to implement critical success factors for the management institute like employee selection qualification, encouraging research, faculty development, Industry Interface is required. The National Education Policy being developed should be able to address the above areas. The Indian Government should design conducive policy environments and measures to foster agile leadership, reward innovation, agility and calculated risk taking. Industry Industry should invest in leadership development to build effective leaders to navigate through VUCA world by bringing in global curriculum to the course design. Industry needs to be adaptive and ensure continuous shifts in process, people, technology and structure to create value. Future of Management Education Characteristics of a business leader in a VUCA world Management Education for a VUCA world needs to create business leaders with the following characteristics: - Agile Leaders who can enjoy rapid change and perform well in the environment - Leaders driven by values of integrity, responsibility and respect in complex circumstances - Decisive leaders who convey a sense of urgency in decision making - Leaders who can modify personal styles to the context and work with the bigger picture in mind - Leaders who are open to new challenges and be able to collaborate across the various functions of the organization - Leaders who are able to communicate clearly to all stakeholders across levels - Leaders who are able to equally understand strategic priorities while maintaining tactical discipline
MYCII Portal
VUCA Prime – A Framework to build future managers in India Future Managers need to be able to able to deliver effective results in the “VUCA Prime” framework. The VUCA Prime framework stands for Vision, Understanding, Clarity and Agility. Indian Management Education needs to adapt itself as per the new paradigms in the VUCA world and be able to deliver future leaders who can be successful and serve the society.
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CII-SR EDUCATION INITIATIVES & ACTIVITIES IN THE RECENT PAST CII-SR REGIONAL CONCLAVE ON MANAGEMENT EDUCATION
Inaugural Address by Mr Naushad Forbes, Vice President, CII & Director, Forbes Marshall Pvt Ltd On Stage: Mr J. N. Amrolia, Chairman, CII-SR IR Sub-Committee and Director & CEO, Chennai Business School, Mr M. M. Murugappan, Vice Chairman, Murugappa Group, Mr C. R. Swaminathan, Chairman, CII-SR Education Sub-Committee and Mr Mahesh Natarajan, Regional Director, CII-SR Practice of management and management education has come a long way. Management education is undergoing dynamic changes with respect to the changing business environment. As the famous term VUCA goes, we are living in a Volatile, Uncertain, Complex and Ambiguous business environment. Businesses are reinventing themselves as per the VUCA changes in the environment. VUCA stands for: ŸVolatility – Nature, Speed, Magnitude and Dynamics of Changes in business environment
ŸUncertainty – The lack of predictability surrounding business given the unpredictable macroeconomic environment ŸComplexity – Myriad of issues and complications surrounding an organization ŸAmbiguity – Unclear road-map and vague real time conditions faced by organizations The above signs have been witnessed regularly and are expected to increase further in the future. Traditional responses to the environmental challenges don't hold water in VUCA environment. Amidst this business phenomenon, it is imperative for the management education to introspect, re-invent and respond with a management training which will make the students ready to take on the new challenges. Considering these unique challenges, CII - Southern Region organized this two-day Management Conclave to do a visioning exercise and discuss management education strategies for the VUCA world. The conclave was held on February 11 & 12, 2015 at Hotel ITC Grand Chola, Chennai
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CII-SR EDUCATION INITIATIVES & ACTIVITIES IN THE RECENT PAST
KEY TAKE-AWAYS FROM CII-SR REGIONAL CONCLAVE ON MANAGEMENT EDUCATION INDUSTRY Ÿ· Ÿ Ÿ Ÿ Ÿ· Ÿ· Ÿ·
Industry to collaborate with the Academia · Involve themselves in areas like projects · setting up of the curriculum · internship opportunities Use the academia to cultivate and nurture the thought of critical thinking and problem solving Help Academia to understand the Indian Context - Increase employability to reduce costs of subsequent training Provide part time researchers / faculty for the management institutes
MANAGEMENT INSTITUTES ŸDevelop Centers of Excellence in collaboration with the Industry and differentiate themselves in niche areas Eg. Case study about
Indian Business Clusters like Tiruppur ŸTeach Life skills such as communication, ability to execute, work in a group environment need to be taught to students as a part of the course. This improves employability ŸAdopt learning approaches which enable research as a part of their day to day curriculum ŸTechnology will be a game changer in the field of management education for a VUCA world - MOOCs, Virtual Labs and Flipped Classrooms ŸManagement education should develop closer networks with the Alumni
FACULTY DEVELOPMENT ŸFaculty should learn continuously, engage with Industry, focus on research and be open to suggestions from the students. ŸFaculty should be proud of their profession ŸLearning Objectives and Learning Outcomes is very crucial for delivering a good course ŸFaculty should instill creativity and the ability to make practical assumptions among students, allow them to express themselves
and impart human values ŸFacilitators of learning rather than instructors of education – change one paradigm per class
STUDENTS ŸStudents should take greater responsibility for their learning outcomes. ŸThe management graduates should be involved in managing large government projects and should contribute to the development
of the country. ŸA successful manager in a VUCA world needs to handle a variety of changes and bring in order to be successful. ŸPassion, Intelligence and Integrity – 3 messages from Bill Gates and Narayan Murthy ŸImmersion in the learning process and seek to have a purpose in their careers ŸContinue to Learn post their management course and stay relevant
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CII-SR EDUCATION INITIATIVES & ACTIVITIES IN THE RECENT PAST CII SRMC 2015- WE THANK OUR SPONSORS
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CII-SR EDUCATION INITIATIVES & ACTIVITIES IN THE RECENT PAST
GLIMPSES FROM CII-SR REGIONAL CONCLAVE ON MANAGEMENT EDUCATION
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FORTHCOMING INITIATIVES CII WILLBE SOON ACTIVATING EDUCATION EXCELLENCE FORUM IN ANDHRA AND KERALA
CII has strengthened and well-structured this successful industry-academia intervention exclusively made available for CII member colleges and Universities. The year-long activities shall include: Ÿ Webinars on special industry topics Ÿ Industry-oriented FDP on specific topics for faculty Ÿ CxO Sessions focusing on specific sectors Ÿ Career Guidance Session for the students Ÿ Session On Innovation to drive the eco-system Ÿ MyCII – Course Integration Guidance Ÿ Faculty Industry Visit with learning sessions Ÿ Faculty Forum Interaction
VIRTUAL SESSIONS
Interested member institutions from the southern states can contact us for further information. Madhu Vasanthy Director Confederation of Indian Industry 98/1 Velachery Main Road, Guindy, Chennai 600 032. Ph: 044-42444508 Email: madhu.vasanthy@cii.in
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EDUCATION INFOGRAPHIC
BOOKS ON EDUCATION How was IIMA born? Who were the key players? What has made it synonymous to success? These questions become even more relevant as the Indian Institute of Management Ahmedabad (IIMA) marks its Golden Jubilee year in 2011. Established in 1961, IIMA is the first Indian business school to achieve international recognition. In 2002, Economist Intelligence Unit’s list declared IIMA as the most selective management school in the world. And in 2011, IIMA has been ranked number 7 in Financial Times (FT)’s global ranking of Masters in Management Programme. In this well researched and timely book, Prafull Anubhai charts the journey of this premier institution from its inception to what is it today—the construction of its iconic campus by American architect Louis Kahn, policies and processes that set the benchmark, exemplary leadership exhibited by its various chairmen and directors, and the vision and future challenges for the institute. In The IIIMA Story, Prafull weaves all the threads together to present a vivid history of one of India’s greatest pride that has shaped the lives of many individuals through generations.
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With strong membership from the academia, CII southern region has initiated a dedicated education practice to serve as a bridge between industry and the academia. For more information about our initiatives and projects, please contact: R. Sathyanarayanan Head- Education Initiatives Confederation Of Indian Industry Southern Region Headquarters Prof C K Prahalad Centre 98/1, Velachery Main Road, Guindy, Chennai 600 032. Ph: +91-44-42444555 Email: r.sathya@cii.in
DISCLAIMER All rights reserved. The data and news used here are from various published and electronically available sources. We have taken care to verify and crosscheck the accuracy of these reports and data. However, despite due diligence, the source may contain occasional errors. In such instances, CII is not responsible for such errors. Published by Confederation of Indian Industry (CII), Southern Region Headquarters, Prof C K Prahalad Centre, 98/1, Velachery Main Road, Guindy, Chennai 600 032. Ph: +91-44-42444555 Web: www.cii.in. For sponsorship / advertisement and any further queries please write to us at ciisr.education@cii.in
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The Confederation of Indian Industry (CII) works to create and sustain an environment conducive to the development of India, partnering industry, Government, and civil society, through advisory and consultative processes. CII is a non-government, not-for-profit, industry-led and industry-managed organization, playing a proactive role in India's development process. Founded in 1895, India's premier business association has over 7200 members, from the private as well as public sectors, including SMEs and MNCs, and an indirect membership of over 100,000 enterprises from around 242 national and regional sectoral industry bodies. CII charts change by working closely with Government on policy issues, interfacing with thought leaders, and enhancing efficiency, competitiveness and business opportunities for industry through a range of specialized services and strategic global linkages. It also provides a platform for consensus-building and networking on key issues. Extending its agenda beyond business, CII assists industry to identify and execute corporate citizenship programmes. Partnerships with civil society organizations carry forward corporate initiatives for integrated and inclusive development across diverse domains including affirmative action, healthcare, education, livelihood, diversity management, skill development, empowerment of women, and water, to name a few. The CII theme of 'Accelerating Growth, Creating Employment' for 2014-15 aims to strengthen a growth process that meets the aspirations of today's India. During the year, CII will specially focus on economic growth, education, skill development, manufacturing, investments, ease of doing business, export competitiveness, legal and regulatory architecture, labour law reforms and entrepreneurship as growth enablers. With 64 offices, including 9 Centres of Excellence, in India, and 7 overseas offices in Australia, China, Egypt, France, Singapore, UK, and USA, as well as institutional partnerships with 312 counterpart organizations in 106 countries, CII serves as a reference point for Indian industry and the international business community. Confederation of Indian Industry The Mantosh Sondhi Centre 23, Institutional Area, Lodi Road, New Delhi – 110 003 (India) T: 91 11 45771000 / 24629994-7 F: 91 11 24626149 E: info@cii.in W: www.cii.in Follow us on :
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