TAPMI & UNIVERSITY OF SOUTHAMPTON BUSINESS SCHOOL A WEBINAR on - - PowerPoint PPT Presentation
TAPMI & UNIVERSITY OF SOUTHAMPTON BUSINESS SCHOOL A WEBINAR on Navigating the Pandemic & its Aftermath Re-imagining Management Education Post-COVID -19 Professor Madhu Veeraraghavan . Director & T. A. Pai Chair Professor of Finance,
TAPMI & UNIVERSITY OF SOUTHAMPTON BUSINESS SCHOOL
A WEBINAR on Navigating the Pandemic & its Aftermath
Re-imagining Management Education Post-COVID -19
Professor Madhu Veeraraghavan. Director & T. A. Pai Chair Professor of Finance, TAPMI, India
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Photographed on June 3, 2020
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Source: https://hbr.org/2009/03/rethinking-the-mba.html)
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Over 3,000 B – Schools offer MBA and PGDM 20 IIMs and 7 IITs Approximately 650, 000 students enrolled in Management Programs
Source: https://mhrd.gov.in/sites/upload_files/mhrd/files/statistics-new/AISHE%20Final%20Report%202018-19.pdf
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Most governments around the world have temporarily closed educational institutions to contain the spread of the COVID-19 pandemic Nationwide closures are impacting over 60% of the world’s student population.
Source: https://en.unesco.org/covid19/educationresponse/
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Significant disruption of higher education sector – critical determinant of country’s economic future Decline in the demand for international higher education is expected Effect on employment rate - withdrawal of job offers from corporates The Centre for Monitoring Indian Economy’s estimates on unemployment shot up from 8.4% in mid-March to 23% in early April and the urban unemployment rate to 30.9%
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Disruptions in Academic Calendar Admission Deadlines have been pushed and Admission Processes are being modified Many academic engagements like Exchange Program that are aimed at Experiential Learning have been put on hold Demands for fee reimbursements Large-scale deferral of admissions
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Top global B-schools including HBS and Chicago BOOTH have moved their Classes completely Online Convocations, Classes, International Exchanges and Program commencements have been postponed the world over, including India GMAC – GMAT™ and Executive Assessment testing has been suspended in many locations worldwide
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Accurately modeling what enrolment outcomes will look like
Instilling confidence about the institute being resilient Assuring that unique student experience will not be compromised
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Shifts in how education and training are imparted, how instructors teach, how learners access courses Severe disruptions to the academic calendar - while travel and training are on hold Led to a radical restructuring of the education system Need for ‘Virtual- communication mettle’
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Online education is already a long-standing feature of learning Why is it not a norm already? When businesses have already moved from offline to
education not moved to online? Inherent inflexibility of our legacy processes
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Re-evaluation of model for delivering education where mobility is seriously under threat Adjustments to transition into the new learning environment seamlessly Mobilising the resources to make these changes, backed by the relevant technology and platforms Offline or conventional education models will not become
Traditional in- person classroom learning will be complemented with new learning modalities
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Adaptability and Flexibility Technology Competence Data Literacy Critical thinking Digital and Coding Skills Emotional Intelligence Leadership Competence
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Strategic Remote Work Effective Team Design and Management Elevated Standard Operating Practice Breaking Out of Silos and Improved Workplace Culture New Work Priorities Trust-based cultures with employees Businesses will help customers be more helpful
Dina Gerdemen (2020). How the Coronavirus Is Already Rewriting the Future
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Gupta V., Schwartz J., Kelkar M., & Malik N.,(2020). Toward student-centricity - Revamping Indian higher education for the future of work. Deloitte Insights Report
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Three Foundational Pillars
Creating a forward- looking leadership Building a growth mindset Redesigning learning models
Gupta V., Schwartz J., Kelkar M., & Malik N.,(2020). Toward student-centricity - Revamping Indian higher education for the future of work. Deloitte Insights Report
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Revamped Higher Education Sector
Government Industry Faculty Students Parents Alumni
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“To excel in post-graduate management education, research and practice”
Excellence, Innovation, Commitment, Student-Centric, Trust
National Institutional Ranking Framework (NIRF) India Rankings 2020 – Management: #27 among top B-Schools in India
#19
Overall Rank Please do not copy, cite or distribute without Prof Madhu Veeraraghavan’s permission.
Please do not copy, cite or distribute without Prof Madhu Veeraraghavan’s permission. Finance Lab with 16 Bloomberg and 7 Reuters Terminals Social Responsibility Emphasis on High-Quality Research Student Driven Placement and Corporate Events Experiential Learning – BrandScan and Simulation Leadership Assessment and Development for all Students
Extensive Communication Transitioning to Virtual Supporting the Transition Support to Student, Faculty, Staff and
Strengthening Industry Connections Curriculum Change and Change in Method of Assessment
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Academics
skill-sets to facilitate placements
process Placements
students
General Support
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Academics
Restructuring the infrastructure for online delivery 14 interactive classrooms 25 CISCO WEBEX licenses Exploring e-book options with Amazon Kindle for textbooks. Exploring platforms for conducting online examinations
Placements
COURSERA courses rolled-out for the entire batch to impart additional skill-sets to facilitate placements Industry engagements moved from physical visits to Webinars (IGNITE) Roll-out of PDP programs through KUBOS from June to September 2020 Physical infrastructure being set-up to facilitate online placement process
General Support
Fortnightly WEBEX based interaction between the Director and the students Continuous faculty interaction to help and guide the students
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