The Indian management system needs to incorporate a sense of values and ethics within modern management concepts.This is essential in the fast changing world of today, Dr. Murli Manohar Joshi, Union Minister for Human Resource Development, Science and Technology said at a conference on 'Indian Management Education : Vision 2010' organised by the Punjab Haryana and Delhi Chambers of Commerce and Industry (PHDCCI) in Delhi last week.
Dr. Joshi said there was all-round mismanagement in India and new management practices were needed, not just to run corporations but also manage municipal waste, hospital management, management of educational institutes, environmental management and production management.
All these should be viewed as part of corporate responsibility. Business schools in India needed to stay abreast of these practices, if they wanted more consumers in the country - for consumers were made, not born.
Shobhana Bhartia, Vice Chairperson and Editorial Director, The Hindustan Times Ltd. said that for Indian managers the job ahead should be to focus on the management of human interactions. Great management was not only about technique, it was also about character. Quoting Adrian Cadbury, one of the pioneers of the ethical governance, she said:
"Corporate governance cannot be imparted from outside, it has to be developed based on the country's experience". India had world class institutions and produced some of the world's best doctors, engineers and managers. It was necessary to supplement training and produce not just great professionals but great human beings as well.
Dr. M B Athreya, Independent Management Advisor said that the economic vision for India should be to emerge as one of the top four economies of 2010, along with China, the EU and the US, not just in PPP terms, but in hard currency terms. India's Social Vision should be to become a global model of a thriving democracy. The Spiritual Vision should be tto become a beacon of enlightenment, as befits the world's longest, continuing, unbroken civilisation, from Vedic times, harmonising the material and the spiritual dimensions at the individual, family, national and global levels.
Arun Kapur, President, PHDCCI said that the business community was restructuring itself to respond to change. India's managerial and technical education systems needed to keep pace with these new realities.
