Role of Business Schools In Changing Scenario – 2

Family recession was not allowed to be converted into family depression due to enterprise of few entrepreneurial disadvantaged ladies. Whatever is applicable in family recession the same is applicable for recession at national or global level. It is proved that success does not necessarily need money and infrastructure, as long as there is determination. Business Schools in the changed circumstances can take a lead in this direction and develop entrepreneurial skills and courage among the young and budding managers so that they do not think only in terms of campus placement and big pay cheque. Business Schools should create an environment of success with happiness. The motto of Business Schools should be SUCCESS WITH HAPPINESS.

Prakash Shah in his article in The Times of India (26th March 2009) has enumerated certain steps – what you might henceforth learn at Business Schools. According to Shah:

Identify what makes you happy; Clarity of goals and working for it is very important. In management jargons one need to generate goals that are specific, challenging and achievable.
Compete with yourself. A study conducted at Harvard demonstrated that people are happier when they are relatively more prosperous than their compatriots. Respondents choose between two situations: a) Your annual salary is $1,00,000 while your compatriot gets $75,000; b) Your annual salary is $ 1,50,000 while your compatriot gets $ 1,75,000.Though the salary was more in the (b) situation, respondents overwhelmingly preferred(a). Why not compete with one self instead of grieving over others’ achievements?
Do not expect everyone to agree with you: Try to persuade the other person but don’t be unhappy if you fail.
Live life according to your beliefs: Intellectual independence must follow financial independence.
Live in the present: Past is a history, future is a mystery, present is present and God’s gift.
Give some time to yourself: Increase the sources of your happiness.
Limit you desires: We get caught in the vicious spiral of infinite wants.
Forgive and forget: It may not make you winner but certainly happier. We are happy in proportion to the things we can do without. — Henry David Thoreau.
Shun your hypocrisy: Put your heart and soul in what you believe.
Spend time with young: Their happiness is infectious and costs nothing.
Give liberally: It may reduce your assets but giving increases your inventory of happiness.
Keep you curiosity alive: If a child in man is dead the man is dead.

In order to create a new breed of leaders, several Business Schools are either changing their programme or introducing new courses. For instance, CASS Business School has come up with a new MBA elective, which aims to train students to anticipate how management may change over the coming decades and discuss how it may impact the contents of MBA. Bernard Yeung, Professor& Dean of NUS Business School, adds that in keeping with the times, students need to acquire more solid analytical skills, a better sense of action and consequence and thus, a stronger sense of commitment to true value creation.

It may be said that Business schools are expected to live with the time. The demand of the time is to prepare young and budding managers including young girls to face the challenge of today and convert it into opportunities They have to ensure that recession do not lead to depression. It is possible only when we make a balance between what we do and what we are meant to do irrespective of how much profit we earn. Business schools should not only teach as to how to generate more profit but also how to generate happiness. The future of business lies in entrepreneurial leadership.

Dr. N. K. RAI
Director
RKGCMT for Women, Garhmukteshwar