Hyderabad, July 03: Management is much more than getting fat salaries and the business schools should stop focusing on placements for fat salaries, Union minister for HRD, Information Technology and Communications Kapil Sibal has said. Inaugurating the Hyderabad campus of the Institute for Management Technology (IMT) at Cherlaguda on the city outskirts on Saturday, Kapil Sibal stressed upon the need for utilising management education system to provide solutions to problems faced by the common man.
“We have to look into the issues of management for poverty. No case-study has been done with reference to slums and the people living there. There are other problems like how to manage 55 lakh teachers in schools and recruitment of these teachers and how do you manage a school administration, among others,” Sibal said. “There are huge problems and there is a need on studying the management of socio-economic issues in the society,” he said.
“However, at the moment, our management schools are centered around getting placements for their students in big firms for fat salaries. This is really a tragedy,” the minister said.
Speaking on the occasion, chief minister N Kiran Kumar Reddy said his government sought to transform Hyderabad into a knowledge city by setting up world class management institutions in and around the city.
Union minister for urban development Kamal Nath said the institute would cater to the changing needs of management education in the context of globalisation. Home minister P Sabitha Indra Reddy and IMT Hyderabad campus director Panduranga Rao were also present.
—-Agencies