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IBS wins EFMD Case Award

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It was a hat trick of wins for the ICFAI Business School (IBS), Hyderabad in the area of global case study competitions recently.

One of these cases is “Conflicting Business Approaches of Two Generations: The Otsuka Family Showdown”. It has be done and written by Professor Debapratim Purkayastha and Ms. Ranjana Tiwari. This case has won the ‘Family Business’ category in the highly prestigious European Foundation for Management Development (EFMD) Case Writing Competition 2016.

The second winning case is about the Japan-based Otsuka Kagu Ltd. It witnessed a full-blown fight between the founder Katsuhisa Otsuka and his daughter Kumiko in 2015. It was for the control of the company. The main bone of contention was the conflicting approaches of the two generations. And not to much surprise, the conflict was regarding how they wanted to run the company.

The winners of other categories included cases from reputed business schools. These included the IMD, ESADE Business School, WHU – Otto Beisheim School of Management, Technical University of Munich, Singapore Management University, IIM Bangalore and others.

What is EFMD

This global case study competition is organized every year by the EFMD. It is a global membership organisation and an accreditation body for quality & impact assessment in management. EFMD is based in Brussels, Belgium with offices in Asia and America.

The ICFAI Business School 

ICFAI Business School Hyderabad has a dedicated Case Research Center. This works in the arena of developing case studies in management. It is noteworthy here that these case studies are used not just in-house but by institutions around the world in their programs. This case method of teaching has been gaining popularity among top institutes in India. What more? this method abroad is an important method to impart education in the field of management.

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Not Having Enough High Quality Researchers A Concern: Vice President

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The Vice President of India, M Venkaiah Naidu said that not having enough high quality researchers and the declining number of students doing PhDs and entering research posts is a concern. While launching Krea University he said that a country as populous as India and facing innumerable challenges from poverty to environmental degradation simply cannot do without innovation.

While adding that universities should become hubs for innovation, the Vice President said that they must not become breeding grounds for resentment, frustration or discrimination.

A university should be a place of enlightenment, a sanctuary of positive thoughts and safe haven of wisdom and knowledge, he added.

The Vice President said that institutions like the Krea University with sights set firmly on the achievement of brilliance and distinction at the global platform must serve us in good stead in our quest for fast track progress and all round development.

He called for an impactful coordination of Public-Private Sector in providing such education system.

Government should play the role of a strong facilitator and others supplement government’s efforts, he added.

Expressing concern that the higher education system in India still lags behind the standards of the world’s best universities, Mr Naidu said that in 2018 too, no Indian university was able to secure a place in the top 100 best universities in the QS World University Ranking. American and European universities still rule the list, he said.

The Vice President said that Indian Universities face a number of problems starting from shortage of funds to inadequate number of teachers to falling enrollment numbers.

The profusion of more rewarding career choices, lack of adequate facilities for post graduate education and the retirement of the current generation of professors and teachers has created a staff crunch in our centers of higher education, he added.

Mr Naidu said that the demand for skilled manpower in India predicted to be 700 million by 2022 and India must equip the young and students with employable skills. Such steps would not only allow us to realize the demographic dividend but also help India become the ‘skill capital’ of the world, he added.

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5 New Medical Colleges To Be Functional By 2019: JK Governor

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The five new medical colleges are coming up at Rajouri, Doda, Kathua, Anantnag and Baramulla for which the Centre has sanctioned Rs 189 crore each.

In order to ensure that the five new medical colleges in the state start functioning from the next academic session, the Governor of Jammu and Kashmir, Satya Pal Malik has called for expeditious completion of all necessary infrastructural and other facilities.

Selected places:

The five new medical colleges are coming up at Rajouri, Doda, Kathua, Anantnag and Baramulla for which the Centre has sanctioned Rs 189 crore each.

Orders from the governor:

Malik has directed for fast-tracking recruitment of faculty and para-medical staff and completing all necessary requirements to fulfil MCI norms for formally starting the academic activities in these colleges next year.Reviewing the functioning of the Health and Medical Education Department, the governor directed Principal Secretary, Atal Dulloo to personally monitor the progress of these colleges and maintain close coordination with the Public Service Commission (PSC) and services selection recruitment board for early selection of all referred posts and putting up the requisite infrastructure in place within the set timeframe.

Principal Secretary, Atal Dulloo informed the PTI that necessary steps are being taken to arrange make-shift accommodation for these colleges before the visit of Medical Council of India (MCI) team in December.To overcome the paucity of doctors, he said 1,000 posts of medical officers have been referred to the PSC which are likely to be selected soon. Besides, 535 doctors have been engaged under the National Health Mission (NHM) in the far-flung areas to supplement the services, he said.
State Administrative Council’s action:

The State Administrative Council (SAC) approved the proposal of the Health and Medical Education Department to grant extension in the joining time of 254 medical officers as a one-time exception.

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MHRD Gives Approval For New Board Of Governors In IIMs

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This has been approved under the IIM Act, 2017. According to MHRD, the entire process needs to be closed down by December 15, 2018.

The Ministry of Human Resource and Development (MHRD) has recently announced that all the 20 Indian Institute of Management (IIM) of the country will soon get a new set of Board of Governors (BoG) under the IIM Act, 2017.

The approval has been announced in yesterday’s meeting after consulting with the Ministry of Law and Justice. The government has set a deadline, for the IIMs to constitute new boards, which is December 15, 2018.

Members in Board of Governors

The new Board of Governors will have three ex-officio members which are as follows:

  • Institute’s current director
  • Existing representatives of the state government
  • Existing representatives of the union government

These members will then select a chairperson, following which, the BoG will co-opt five alumni members.

What after constituting boards?

On the completion of the constitution of the boards, the rules will be issued under the IIM Act, which would bring out the operational details more clearly.

Responsibility for the board

The newly constituted board will decide the fees for the courses and will also be in charge of creating the academic and administrative posts in the departments.

What is Indian Institutes of Management Act, 2017?

  • Indian Institutes of Management Act, 2017 was passed last year
  • According to the act, the Indian Institutes of Management are the institutes of national importance and can offer degrees and can further make substantial changes in their administration
  • The IIM Act is a historical step of the government which for the first time, provided comprehensive autonomy to higher educational institutions

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