Business Talks
  • This Section
  • Latest
  • Web Wrap
Last Updated: Monday, November 25, 2013, 23:45
  
Alison Davis, Dean, UM Ross School of Business, University of Michigan, gives her insights on business education in an exclusive interview with Patricia Mascarenhas.

Q1. Unemployment, visa delay, currency fluctuation etc. seems to have adversely impacted the popularity of Management education. What do you think is the future of Management studies?

A. There is a lot written about the end of Management education. We have seen some flattening of demand for full time MBA globally. There has certainly been a little bit of over capacity in the industry. I think we will see a shake out in the industry. All the existing providers may not be there. Even in India some of the private MBA providers have shut shops.

Q 2. Reason?

A. The decrease has certainly been global. In US, many companies are cost conscious and thus one can see a substitution of undergrads for graduates. Companies are now interested in hiring BBA graduates and training them. This could be a reason for the reduction in MBA demand.

Q 3. Could you share details on the courses you have introduced?

A. The Master in Management is a one-year course for those having an undergraduate degree in non-business areas like liberal arts, engineering etc. It serves a different population in the MBA field and is designed to enhance job readiness and employability. Our training is expected to make students, already trained, great thinkers, writers and speakers, and make ready for the business world. The minor in Business is like any other minor designed for students who want some kind business training while studying.

Q 4. You also launched a program called Master of Science in Entrepreneurship in partnership with the college of engineering. Could you please throw some light on this?

A. Fundamentally, entrepreneurship involves two things: first one needs to come up with an idea. A lot of the ideas emerge from science and engineering fields. But just having an idea is not entrepreneurship. It then involves commercializing idea and creating a viable business, a product or service. Science is the source of raw idea and business commercialises it, hence the partnership.

Q 5.What is your advice to youngsters who wish to take up Management?

A: Management is still a viable field; there is still a huge demand from employers. I think it is very important from an individual student’s standpoint, to secure admission to a business school that is strong global brand with a proven track record of placements.

********

EFFECTIVE PARTNERSHIP

Mary Sue Coleman, President, University of Michigan shares her American experience of creating manufacturing jobs with Patricia Mascarenhas

“The Advanced Manufacturing Partnership is America's effort to bring together industries, universities and the federal government to make the manufacturing sector economically viable, and to create high-quality manufacturing jobs and enhance global competitiveness. The concept was to take the Federal Government funding and put it in the universities that would partner with the industries. The universities play a critical part in making these initiatives happen. This partnership has been very effective.


First Published: Monday, November 25, 2013, 21:05


comments powered by Disqus