A nation’s education system is deemed to be one of the most vital pillars of a strong societal structure, and is equally responsible for economic growth. Almost all nations across the world have developed their unique models of education after synchronizing the same with their socio-economic structures. But amidst all, the Western education system since the last few decades has developed and transformed itself as one of the most flexible and most accommodative systems of education. The fact that the Western education system is renowned globally, drawing tens of thousands of students from developing nations, is because of its higher funding and prudent administration.

America holds exemplary credentials on this account. One of the first things that the United States did during its developmental years was to invest handsomely on education to create world-class academic institutions. As a cascading effect, the country slowly but surely developed an immense talent and skill base that became one of the key drivers of rapid industrialization and economic growth witnessed from the 19th century onwards in the nation. Even today, the best talent from across the world is attracted to United States because of the nation’s superior educational system and the resulting employment opportunities thereafter. Similarly, Western Europe too treaded the same path, although on a lower scale compared to United States, both in terms of the quality of education and the investment on institutions.

However, in this race for attracting the cream of global talent, the United States is running out of steam as the pressure of sustained recession is taking a huge toll on academic funding. If in 2009, a benchmark year, the US Department of Education’s discretionary funding on education was $155.4 billion, the same in 2013 is $65.7 billion, a shocking drop of $90 billion. The latest report by the Center on Budget and Policy Priorities, which brings out an yearly analysis of education funding in the United States, mentions that 26 states in America are reducing their education investment per student in 2013, while 35 states are still investing at levels that are below the pre-recession levels. The report mentions that this has resulted in hundreds of thousands of job losses in the education sector in the past few years, especially hurting the low-income groups in America further as many important school programs targeted at these communities have been the first to be purged. Many schools, colleges and universities have closed down their educational units, augmented fees, abolished extra-curricular activities and even research facilities that were pivotal to drive the innovation fuelling the US economy and its top position in global academia.
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An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).

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SC slams AICTE's illicit control on MBA courses
MBA, MCA courses no longer under AICTE
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Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall

Zee Business Best B-School Survey 2012
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IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
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IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
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As the scenario in flood-hit Uttarakhand is heading towards being disastrously grave, where hundreds have reportedly perished, thousands more are missing and many more have been made homeless, I have reasons to wonder whether our disaster management efficiency meets the international standards, or even the very least required standards. In books, the relief measures look ubiquitous – 10,000 armed forces personnel are deployed with food, medicines and clothing; also, the assistance of 18 helicopters and transport aircraft paints an imposing picture. A sum of Rs.1,000 crores is being released along with Rs.1 lakh for every family where any member has perished and Rs.50,000 for families whose houses have been destroyed or damaged. The government’s efforts to provide support seem impressive. However, I cannot help but compare the situation with developed countries; and I doubt whether so many deaths and damage would have occurred there in the first place! The deadly twister that savaged the states of Oklahoma and Missouri in United States in May this year had in total 15 deaths across the affected area. Compare this to the following data. The catastrophic flood in Bihar (2008) killed more than 250 people and rendered over 3 million people homeless. Over 300,000 houses were gutted and 340,000 hectares of land were immersed under water destroying crops worth crores of rupees. In comparison, a much severe storm and subsequent floods in United States caused by Hurricane Sandy, which hit as many as 24 states across the country, resulted in casualty figures of only 147 and homeless figures of 30,000-40,000. The disparity of physical infrastructure obviously plays a big part in the extent of damage and deaths on a comparative scale, but the preparedness level to combat natural calamities too makes a difference. The level of preparedness in both pre and post calamity scenarios is a direct consequence of public policy towards natural disasters.

On a global front, nations are drafting policies to reduce all kinds of losses due to untimely disasters. Australia developed a unique plan just to fight influenza. Under the Australian Health Management Plan for Pandemic Influenza (AHMPPI), the government increased access to antiviral vaccinations and included H5N1 avian influenza vaccines in the medical stores nationally. Moreover, the states were empowered with legislative powers which allowed them to execute bio-security measures in lines with the national quarantine policy.

Similarly, Brazil has recently drafted national legislations on urbanization, building construction and land usage in order to reduce risk and deaths (and loss) during earthquakes and other similar disasters. Contrast this with the situation in India, where most of the buildings, especially in the National Capital Region, ignore FSI (Floor Space Index) criteria and consequently can collapse easily during a quake. FSI is basically a system that defines a ratio between the built up areas allowed and plot area available; thus, more the FSI, taller is the building. But then, in order to accommodate more flats, builders ignore these ratios and construct skyscrapers without giving heed to any safety measures. Worse, evacuation is virtually impossible during emergencies and a collapse of one such building would create a domino effect in the entire vicinity. In the past, in Delhi and Mumbai, the collapse of multi storeyed buildings in crowded areas has resulted in hundreds of deaths.   Read More....

An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles

SC slams AICTE's illicit control on MBA courses
MBA, MCA courses no longer under AICTE
2012 : DNA National B-School Survey 2012
Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall

Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page

IIPM Global Exposure
IIPM Best B School India
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IIPM : The B-School with a Human Face
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Pedigreed European brands – from Rolls Royce to BMW, from Armani to Marks and Spencer – all evoke awe inspiring respect and admiration. And that’s the case with many expensive European brands glittering in the lives of the rich and famous across the world since many decades (from Rajiv Gandhi’s classic Rolex to Saudi King Abdullah’ pristine fleet of Rolls Royces). These brands, marketed globally by a horde of European MNCs, also got visible support from governments in Europe under the premise that the larger these iconoclastic brands and MNCs grew, the more would grow Europe’s employment base. But as has now been evidenced empirically, contrary to common perception, MNCs and such brands have really not turned out to be the proverbial gold mines for European economies.

Far from it, as the situation stands now, multinational enterprises employ less than 1 per cent of the European industrial workforce; greater than 99 per cent of the workforce is employed in Small and Medium Enterprises (SMEs). That is a humungous difference and shows that SMEs are the real backbone of job creation in Europe contributing to 2/3rds of all private sector rosters and more than half of business value-added in EU. Even in R&D and innovation charts, the place of SMEs in Europe is right at the top. They are mostly micro-firms providing jobs to a few more than a handful per unit; and yet, the spread of the SME segment is so wide that it has emerged as the previously unheralded citadel of the European economy. Especially now, when the chips are down, SMEs are coming out to be veritable saviours and sustainers of the employment landscape in the continent. As big venture investments are hard to come by, EU is depending to a large extent on furthering the promise of SMEs and especially the potential of startups and entrepreneurships to take the economy forward and create jobs. It’s not as if the Union did not realize this. In 2006, the Competitiveness Council (responsible for promoting SMEs in EU) set a number of goals to be achieved through SMEs (like simplifying processes of commencing a start-up, cheaper and faster start-ups, and larger volumes of start-ups); by December 2008, the targets were renewed with more ambitious benchmarking. The policy efforts also tried to reduce bankruptcy rates, and doing away with impediments faced by budding entrepreneurs – like high entry barriers and taxation. The stress is now being given on certain specific business lines, like crafts and micro-enterprises, education and training entrepreneurship, audiovisual media, social economy and women entrepreneurs.

Even when seen globally, SMEs have a major role to play. Going by an OECD report, the SME segment accounts for over 50-55 per cent of the total GDP and employs around 60 per cent of workforce in developed nations while employing 95 per cent of total workforce in developing and under-developed countries. In many developed nations, SMEs were gradually made more competitive and productive by giving them topmost priority. Unlike what happens in India, SMEs were included in their national development strategy. Such initiatives allowed SMEs to gain momentum and attract huge investments. In UK, in 2001, a unique SME development policy was pioneered titled ‘Think Small First’ and was embedded with the national policy.  Read More....

An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles

SC slams AICTE's illicit control on MBA courses
MBA, MCA courses no longer under AICTE
2012 : DNA National B-School Survey 2012
Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall

Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page

IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail

IIPM Links
IIPM : The B-School with a Human Face
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The poster boy of Indian entrepreneurs of the 21st century, Narayana Murthy, is back in business at Infosys – the third biggest Indian tech firm – with a renewed mission to reverse the slide that had happened in his absence. Of course the economic slowdown had its own role to play, but the Infosys slide has been mainly engineered by a rising attrition rate, probably because of eroding values of employee welfare; values that were initially laid down by Murthy himself. The catchword of ‘employees first’ resonating with equal importance to ‘customers first’ was pioneered in India by Infosys, not just as a business strategy to foster higher revenues but also higher happiness levels of its workers. You can call it altruism, but trust me, despite some new-age philosophies preaching against this construct, it is better than the ‘me only’ capitalist doctrines. Even the heartland of United States that was built on the ideals of ‘survival of the fittest’ and showed little sympathy for those who couldn’t make it, has been eventually forced to acknowledge the pain, frustration and miseries of the weak as was evidenced through the Occupy Wall Street campaign and President Obama’s second term.

Barack Obama is often castigated by the Conservatives and media for being a socialist, and hence labeled as weak – a typically stereotyped capitalistic prophecy – only to find out that the overwhelming middle-class voters are behind him, despite his belonging to a racial minority. That’s leveling scores of socialism with capitalism, which many thought is indispensable. Without any doubt, capitalism forms the backbone of almost any economy; and centrally-controlled government planning or equal wage distribution based on principles of communism alone cannot take a country far and on the path of being economically prosperous. But an equitable distribution of wealth is as much important in an economy as ‘wealth creation’ per se is. And Narayana Murthy understood this perfectly, an understanding that set the standard for ESOPs in Infosys. He distributed Rs.50,000 crores among his employees and made all of them shareholders of Infosys. Even when he founded Infosys with his and his wife’s savings, in a first ever in India, he made his top employees top shareholders of Infosys, making many multi-millionaires. That’s socialism at its best – upholding dignity and ownership from the topmost to the lowermost in a flat employee structure. But that doesn’t mean he did not pursue capitalism – Murthy created wealth through capitalism and prudently distributed it to his people as an exemplar of socialism. His motto of following capitalism in his mind and socialism in his heart was thus fulfilled. Truly, this set the pattern for many others in similar businesses; and Indian entrepreneurs, at large, now follow his exemplary principles as Murthy showed that it is possible to build a business empire with socialist values.  Read More....

An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles

SC slams AICTE's illicit control on MBA courses
MBA, MCA courses no longer under AICTE
2012 : DNA National B-School Survey 2012
Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall

Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page

IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail

IIPM Links
IIPM : The B-School with a Human Face
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