The European Venture Capital Association data says that while US and UK had the “broadest and most developed PE markets in the world (ranked at number 1 and 2),” such investments had also led to dramatic innovation and stunning economic growth too! Let’s view India’s situation. The Economist Intelligence Unit’s 2005-06 worldwide survey shows that India is “second from bottom” in promoting environment for private equity. Apax Partners add in their Future Trends in Private Equity Investment Worldwide report, “India has the second worst environment for private equity,” as India is globally last in terms of ‘Market Opportunities’ (for Private Equity).
Says Nathan Kievman, Founder & CEO of DemingHill, a US based corporate social media consulting & marketing firm, “In my opinion, business schools should have entrepreneurship as a subject. In my MBA experience, I had a great deal of traditional book work coupled with hands on business plan development. Though I found a great deal of value from this later as I started my own firms, the experience left a huge void in practical knowledge of what really matters in a business.”
Indian B-schools definitely need to have a national economic view on entrepreneurship encouragement than a myopic view about simply being management educators. Newer programmes need to be introduced that are not rated as traditional MBA courses, but purely as entrepreneurship programmes – similar to how Babson College is rated globally. When Indian B-schools learn to do that, would be the time when India will truly have educators who are transformational rather than just being inspirational. Till then, the B in the B-schools will connote much more than the grade.
For more articles, Click on IIPM Article.Says Nathan Kievman, Founder & CEO of DemingHill, a US based corporate social media consulting & marketing firm, “In my opinion, business schools should have entrepreneurship as a subject. In my MBA experience, I had a great deal of traditional book work coupled with hands on business plan development. Though I found a great deal of value from this later as I started my own firms, the experience left a huge void in practical knowledge of what really matters in a business.”
Indian B-schools definitely need to have a national economic view on entrepreneurship encouragement than a myopic view about simply being management educators. Newer programmes need to be introduced that are not rated as traditional MBA courses, but purely as entrepreneurship programmes – similar to how Babson College is rated globally. When Indian B-schools learn to do that, would be the time when India will truly have educators who are transformational rather than just being inspirational. Till then, the B in the B-schools will connote much more than the grade.
Amir Moin
Source : IIPM Editorial, 2010.
An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).
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