Corporate Academia Partnership for Growth
DY Patil Deemed to be University School of Management (DYPUSM) in association with Higher Education Forum (HEF) organized a round table discussion on the topic of “CORPORATE ACADEMIC PARTNERSHIP FOR GROWTH” on 27 October 2018 at the DYPUSM Campus.
More than thirty delegates from the industry and academics took part in this interesting discussion.
Prof. Dr. R. Gopal, Director, Head of the Department and former Dean, DY Patil Deemed to be University school of Management, welcomed the delegates and in his welcome address spoke about the importance of academic-industry interaction and the various challenges that are faced by the academia. He also talked about the various disruptions that are taking place in the industry and therefore the need for students to be industry-ready and contribute to the industry from day one itself.
Prof. Dr. R. Gopal also mentioned that today corporates while selecting students look for three main qualities or skills viz. 1. Knowledge of fundamentals 2. Application knowledge and 3. Holistic development of the student measured in terms of communication skills, presentation skills, sympathy and empathy to various issues etc.
Prof. Dr.Gopal, Director said that the school follows the concept of live projects where students work in the organization once a week to get broader perspectives on the subjects. The school also has people from the industry on the board of studies to revise the syllabus on a regular basis.
Dr. Sengupta. Founder Higher Education Forum (HEF) in his opening remarks also emphasized the need for this interaction and said that there is a need for joint working, He said that there is a need to create a star faculty who would work with corporate to create business models.
The Directors and Deans of the business schools of Mumbai and Navi Mumbai elucidated various methods adopted by them to bridge the gap between the two. The discussion led to the formulation of strategies at the business schools to make the students employable. The discussion also placed insights into identifying star faculties and empowering them to visit the industries for various research projects.
Dr. Laxmi Ganesh, Director at ITM business school said that they have extended the internship period from 3 months to 6 months and also created the centres of excellence within the organization for tie-ups.
Dr. Bigyam Verma, Director SIESCOM spoke about a new pedagogy model being adopted by Harvard School of Management called ‘FIELD’, which is essentially based on Problem-solving techniques. This involves interdisciplinary cases, collaborating with industry to solve live problems.
The corporates functioning at a higher level of the hierarchy enumerated the qualities that they generally look in a student when they go for the interview. Mr. Prashant Sowmitry, Asst. Vice President at Punjab National Bank Investment Services Ltd, said the organizations are looking for individuals who meet various criteria set up by them. Hence, it is of utmost importance to have such talents in the students.
Neladri Chaudhary founder of Epoch Electrical Pvt Ltd said educational institutions should concentrate more on the development of Emotional Intelligence than on Intelligence Quotient as it brings a big change in the attitude of the students to face any adversity.
Dr. Vani Kamath said such sessions are indeed necessary for the business schools as it bridges the gap between two diverse sectors, industry and academics. The discussion ended with a vote of thanks proposed by Dr. Vani Kamath, Dean, DY Patil Deemed to be University School of Management.