The IIM concerning bill makes each of the 20 Indian Institutes of Management (IIM) what is termed as an ‘Institution of National Importance.’
This means they will function in a manner similar to IIT, NITs and AIIMS. In simple language, it also means that they will be able to grant degrees to students. Before the bill, IIMs operated as separate units which were registered as per the conditionalities of the Societies Act. Due to the fact that Societies are not legally permitted to offer degrees, students of IIMs were given a postgraduate diploma in management or PGDM. Likewise, the title of ‘fellow’ was given after the completion of the research period.
The real matter is that the PG diploma and ‘fellow’ titles are given due recognition by the Association of Indian Universities and the HRD ministry as being equal o an MBA and a Ph.D degree, respectively. However, this not taken as granted on a universal level, and such is more the case in the acceptability of the fellow programme. This bill came into the picture during the term of the UPA government. Nonetheless, the IIMs were a wee bit on the guard since it could have curbed the autonomy of their functioning.
What has actually come to light is that the bill will not place any restrictions on the functioning of the IIMs but in fact give them more freedom to operate. The IIMs will be the first lot of ‘Institutions of National Importance’ in which the President will not have any immediate and active function. In the IITs and NITs, the President of India is a Visitor. Also, he places directors and chairpersons as per the advice given by the HRD ministry. IIMs, on the other hand, can as per the rulings of the bill, get their own set of directors and chairpersons.
Some of the rulings of the bill………..
This story is from the August 2017 edition of The Observer of Management Education.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the August 2017 edition of The Observer of Management Education.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Workload Management: Why Is It Essential In The 21st Century
The workload management is the procedure of distributing the work among the employees of the organization.
THE CHANGING ROLE OF THE FACULTY MEMBERS OF B-SCHOOLS
Teachers of the day of yore. Mentors of yesterday.
‘‘The goal is to inspire and empower students to be the best they can be''
- Dr. Sivakumar Alagumalai, Professor and Dean (Undergraduate – Global)
Work on your presentation skills
“Everything can sell if you have the ability to sell it” In the field of management you need to have good skills of presentation. PPT presentation is important for Advertisement, Management, and business etc.
Slow and steady job growth
Five reasons why manufacturing careers will flourish with the growth of innovation and globalisation
Setting an alternative route
Want to study an MBA but don’t want to spend thousands of dollars in tuition fees? there are several ways you can get a degree or take MBA courses at no cost.
Right approach!
A millennial employee is one who has a diverse set of opinions, is fascinated by new technologies and is collaborative by nature. the most distinctive feature of these new-age employees is their approach towards work, which is quite different from the generations before them.
For Heighten Performance
“A man who refuses to admit his mistakes can never be successful”
Leadership vs Management
Leadership and Managers are two widely discussed topics.
ELEVATING THE HUMAN EXPERIENCE IN WORK AND BUSINESS IS THE MOOD OF THE MOMENT
The human experience: and that too while conducting business activities.
