Making Management in VUCA World
(Published in Hindu Education Plus)
Never in the history of mankind, had we faced technological disruption as of now with rapid succession and unpredictable outcomes. Alvin Toffler, in his celebrated novel Future Shock, in the 1970s predicted that the internet and networking systems will invade mankind to such an extent that man will not be just tech-savvy but tech-slave. The VUCA (Volatile, Uncertain, Complex and Ambiguous) world is leaving a trail of technological and environmental devastation that the human mind has to cope with rapid changes lest be out of the system. The VUCA concept though originated in the US Army but since been adopted in the business world to develop leadership and strategy. There are lots of challenges for millennials in higher education and making their careers as no particular discipline or course can ensure smooth sailing to a comfortable job/career. Indian education and skills are not adequate as expectations of MNCs are highly demanding. None of the top 500 universities in the world are located in India, putting a lot of stress on students to make standard and international careers. Standards of Indian education are always a debatable point and the government, seized of this problem, set up the Kasturi Rangan committee to come out with New Educational Policy for India encompassing all segments of education and make Indian institutions world-class.
Let us hope that this will address many of the problems plaguing the industry. “The conventional definition of management is the art of getting work through people, but real management is developing people through work” observation made by a management thinker. Management education is a good choice as many corporates would prefer to offer jobs to MBAs / PGDM holders irrespective of their graduation as a postgraduate qualification in management equips the candidate with all business knowledge, skills and strategies which are vital for any business to succeed. India is home to nearly 4000 management education institutes- some of them approved by AICTE. Your sagacity and meticulous planning lands you in right place to acquire the coveted qualification. One must be aware of the unfolding and emerging scenario today with a particular eye on the required skills at management levels. The standard managerial skills like time management, team management, planning and sourcing, strategic thinking are absolutely essential but emerging technical skills (Big Data Management, Business Analytics, Artificial Intelligence, Machine Learning, Cyber Security, Blockchain and Robotics) the life skills with time tested Indian Yoga and health skills have of late proved to be delivering the results.
DR. V.G. CHARI
Assistant Vice President