Monthly Archives: February 2013

Management Education Should Be Improved

Management Education offers marketing courses, course in human resource management, media etc., is something for which each and every student aspires for. The extent to which we learn to manage is “what is important” and in this, some students pursue formal education in management whereas some students emerge as self taught. But what I would like to concentrate upon is this pursuit of formal management education.

Are lectures coupled with case studies, workshops, interactive sessions, seminars and presentations the most ideal form of teaching is the traditional method that is followed across most institutions. Some institutes have innovated with Guest faculty who give a first experience of the happenings in the industries, so that the students can remain updated of the latest developments. It is becoming imperative for B-Schools for effectively combining tradition with innovate and modernity.

Just check the traditional methods that are followed by many B-schools in short listing the students for Management education. The written exam is followed by Group Discussions and Personal Interviews. Various leading B-schools that offer marketing courses, course in human resource management etc, have incorporated and innovated factors of psychological performance through innovative management games and response tests for judging the students true outlook for pursuing management education.

B-schools create revolutionary thinkers, leaders in the business world but they have not been thinking to take any innovative steps as far as their own brand building is concerned until now.

One might want from B-Schools may be endless. But as a bench mark B-schools (offering marketing courses, course in human resource management etc.) should strive to offer an infrastructure that will incorporate the state-of-the-art facilities aimed at strengthening the technical, conceptual and human skills of the managers that emerge from the institute.

With features of intelligence building, the overall set up should be futuristic that will be cumulative effect of Technology with knowledge faculties (from India and abroad) from across the globe. All thanks to rapid progress of technology for this will be a systems driven set up in the age of digital era.

These facilities should include Plug and Play classrooms equipped with video data LCD projectors, videoconferencing, audio playback facilities with high speed internet connectivity, E-centre and Entrepreneurship Guidance Cell, Centre for Global Networking, Hi-tech Management development centre, State-of-the-art CD ROM based library, Case Study discussion hall and the likes.

All About Management Education

There are more management institutes in India this time than ever, in any other country, perhaps. This was not the case a few years back when education was not an industry and under strict government control. This was only when government decided to liberalize its policies to attract more foreign investment in the country, and the foreign investors faced an acute problem of qualified workmen for to help them manage their businesses here. Government immediately loosened its lead on education sector and liberalized it. This privatization move resulted into a lot of management institutes all over India. Earlier, it was feared that the lost of control over education will spoil the quality of it but it is not so. The privatization raised a staunch competition in between the colleges and institutions and forced the survivors to provide high level of education which is directly applicable to current industries.

Apart from IIMs (Indian Institutes of Management), the top b-school in India, there are many private institutes which are imparting quality management education with all major specializations. These institutes are regularly updating their curriculum and strategies to make their students highly competitive in global arena.

Likewise there are different types of management courses to suite all level of management aspirants, for example MBA (Master of Business Administration) is a three years full-time program for graduates. It is available in almost each segment of business requirement like:

MBA HR (Humane Resource)
MBA Finance
MBA Marketing
MBA Banking & Insurance
MBA Retail
MBA International Business
MBA Pharmaceutical

Likewise, there is another course PGDM (Post Graduation Diploma in Management), for working executives and is reckoned as equivalent to MBA. And there is another course BBA (Bachelor of Business Administration) for those who have just completed their schooling and want to take up a course in management education that opens door in corporate world.

The competition has even made it easier for the management aspirants to complete these courses without any financial, time or age restrictions. Those who want to make a career in management students can avail education loans, join courses on part-time or week-end classes basis and can join a course at any age.

Energy Manager and Energy Management Education

Saving energy resources is the priority of national, state and local governments today. However, energy resource can’t be saved and preserved only by Governments; Therefore, private sector as well as non-governmental organisations (NGOs) have also joined this movement. The result is that today each conscious organisation, irrespective of whether it is a government, private or non-governmental organisation, has formulated its organizational environmental objectives and policies- and has established environmental or energy management and conservation departments to ensure that these policies are put into place and monitored. There are few organisations which have brought their energy related policies under their CSR department. Energy managers are required to ensure that the best possible energy efficiency (and water conservation) measures are used by the organisation.

Work Environment
Work places vary from person to person. This is because the managers who are employed need to work from their work place i.e. the place of their organisation. But self-employed i.e. energy management consultants have the flexibility to work either from their residence, own office or office of their clients. Usual working hour is 40 per week but flexibility in working is required.

Sample Daily Activities
(In the area of buildings/properties)

These professionals inspect buildings and properties to calculate the current levels of energy and water being consumed by different buildings. Then they have to identify methods and set targets of reducing energy consumption. If the building is in construction stage, managers and/or consultants have to recommend suitable changes in the structural & other design of the building so that it would consume/require less energy compared to original structural design. For example, they may recommend introduction of new insulation measures or changes in water supply system.

Today, one of the most important priorities of governments is to replace use of solid fuel by fuels that produce less carbon dioxide emission. Energy managers have to examine the usability, efficiency and cost of using fuels obtained from renewable resources.

They, then, assist the communication department in executing publicity campaigns to encourage property occupiers as well as employees to save energy by adopting various methods suggested in the campaign. (Similarly, in case of public and non governmental organisations, energy managers assist public affairs and public relation departments in executing publicity campaign to encourage and motivate public in general to save energy, water etc by various means).

Usually, now-a-days, these managers and energy consultants are fully involved in the construction of new buildings and work closely with architects and civil & structural engineers to recommend energy saving systems at the design stage. Senior managers in this department are responsible for managing a team while working on different projects. Energy manager is also responsible for estimating costs of work/change needed, keeping it within the overall project budget.

Skills & Interests
• Good oral and written communication skills.
• Ability to produce clear and concise reports, covering all aspects.
• Good presentation skills.
• Must be able to work as a member of a team as well as a team leader.
• Leadership and organisation capabilities.

Entry Requirements
A degree in energy management is the most preferred educational qualification. However, an engineering degree is widely accepted. Since energy related management programs as an education program is a recent development, most of the engineers who are already working as energy managers have started pursuing this course.

Energy Management Courses
Infact professional institutes, in order to help working engineers as well as fresh graduates who intend to make their career in energy and allied sectors, have launched energy management course through distance and online mode. The best aspect of distance-cum-online mode of education is that you do not have to leave your job to pursue a course such as PG Diploma in Energy Management. Moreover, course material is offered both in the form of printed books as well as online material. Now, this online material can be accessed from anywhere, anytime. Suppose you are on an official tour and you can access the study material through the website of the institute. Today, there are several institutes that offer educational programs in this specialised area.

According to EduMark, an education services company that facilitates energy management education, one of the unique initiatives in this specialised field of professional education has been taken by MIT School of Distance Education, which not only offers a PG Diploma in this field through distance/online mode but also offers the online examination facility. So, you can appear in the exam either from your office, home or from a cyber café from anywhere in the world. Therefore, such initiatives have made it easier for working professionals to do courses in this field.

Estimated salary range
A fresh energy management graduate can very easily draw Rupees 30000 per month. But please note that this information is only a guide and there can be substantial difference in actual salary depending upon the qualification and company.

Future prospects & opportunities
Future belongs to energy management professionals-There are unlimited potential for both-those seeking employment as well as those planning for entrepreneurial ventures. Such is the potential in this sector that venture capital and private equity funds have suddenly started investing millions of dollars even in newly promoted ventures.

In terms of employment prospects, these professionals are required in almost all areas of economic activities. To be specific, these professionals are required in these sectors-Housing, Real Estate & Construction, Infrastructure, Refinery & petrochemicals, Cement, Pharmaceuticals, Manufacturing, Automobile, Chemicals, Hospitality, Mining, Iron & Steel, Food Processing etc. among others.

Related organisations:
• Ministry of New & Renewable Energy, Government of India
• Bureau of Energy Efficiency http://www.bee-india.nic.in
• Petroleum Conservation and Research Association (PCRA)
• Indian Renewable Energy Development Agency (IREDA)
• National Productivity Council
• Indian Green Building Council http://www.igbc.in
• The Energy Resource Institute

What should I do next?

For Energy Management Education:
If you are looking for educational opportunities in energy management you can contact specialized professional institutes that offer this course. Some of the institutes offering this course are:
• MIT School of Distance Education
• MDI School of Energy Management
• TERI, New Delhi
• Jadavpur University
• Devi Ahilya Vishwavidyala

For Energy Management Jobs:
If you have already completed your energy management course or if you are a working energy manager, you should look for jobs at the following places:
• Job supplements of National newspapers: For example, Ascent of the Times of India, Shine of The Hindustan Times
• Job Portals: Few of the important portals are naukri, timesjobs, shine, monster india etc.
• You should also contact placement agencies: Example ABC Executive Search, Omam Consultants, Hewitt Associates, Executive Search and Selection etc.

Indian Institutes Of Management (IIMs) – The Temples Of Modern Management Education

IIMs or Indian Institutes of Management are the premiere centers of Management Education in India. They are highly reputed worldwide for their teaching techniques, managerial skills repository and research work on management and related areas. IIMs have been established by the Government of India to select the best intellectual talent from across the country. These talents will eventually make a pool of the elite world class managers to manage and lead various sections of Indian economy. Presently, there are seven IIMs situated in the cities of Ahmedabad, Lucknow, Bangalore, Kozhikode, Indore, Kolkata and Shillong. IIMs are completely autonomous institutes which invite no interference from the Government or other central or state agency. Each IIM is administered by a Board of Governors.

IIMs are known to be the best in the world for teaching, research and dealing with industries. They have been pioneer in creating managerial manpower development. The alumni of IIM enjoy high reputation in the world for being quality management products. IIMs offer several programs to the graduate and post graduate students. Some of the most renowned programs are PG Diploma courses in Management, which is equivalent to MBA; Fellowship Program in Management, which is equivalent to PhD; Executive MBA; Industry based programs and training programs as well as Part Time MBA for various organizations and individuals.

The admission process in to these prominent institutes is also very significant. This is done by the CAT (Common Admission Test). One CAT is conducted to select the students for all seven IIMs each year and usually in the month of November. This is one of the most competitive exams in the world. It is said to be even more selective than the entire top US Business Schools put together. As per the statistics available for the year 2007, around 2,30,000 students compete for less than 1200 general category seats. Competitiveness makes CAT a privilege to pass and a benchmark to the intellectual minds.

11th Five Year Plan of India has proposed for the set up of 7 more IIMs by the end of 2012 in different parts of the country. Government of India has approved 6 IIMs in the states of Jammu and Kashmir, Tamilnadu, Jharkhand, Chhattisgarh, Uttarakhand and Haryana.