'Learn or Perish' is the mantra by which Indian B schools can survive the threat from the entry of foreign B schools. Today many Indian B schools are focusing their attention on beautiful campuses, tie ups with reputed foreign universities, International placements, World Class Faculties and by taking in experienced bunch of students.
MBA education is not only about learning from books and gargantuan salary packages but it's also about understanding the ground realities and coming up with workable solutions for everyday problems at a small cost. Sadly very few schools around the world are focusing on this aspect and instead every one is busy building their animate strengths like building campuses rather than inanimate strengths like intellectual know hows on the troubles our country is facing.
For e.g MBA students from Harvard are working in small villages in India to understand the problem the people in lower strata of society are facing and many of them have in fact started companies that have introduced innovative products in the market at a low price.
On the other hand in India 'Yes Bank' recently conducted a competition for B school students where they had to come up with a solution for a case study that focussed on financial inclusion for the weaker sections of the society. The prizes too were attractive, 50K and a Pre Placement Interview offer with an excellent salary package at stake.
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