Dr Chaturvedi met Deans of Leading Asian B’Schools and
Spoke on future of Asian B’Schools
Dr H Chaturvedi, Director, BIMTECH recently visited Shanghai, PR China to participate in the 5th International Business School Shanghai Conference 2014 (IBSSC) which was hosted by the Antai College of Economics & Management, Shanghai Jiao Tong University, Shanghai (SJTU). It was held on October 9-10, 2014 on a theme namely, “Innovation & Entrepreneurship”. Around 250 deans, directors and professors representing leading B’Schools from the Asia Pacific, Europe and USA participated in the conference.
During the two days’ conference, Dr Chaturvedi met a large number of deans and directors from the leading B’Schools of China, Japan, Korea, Taiwan, Hongkong, Thailand, Malaysia, Indonesia, Australia, Czech Republic, Nigeria, UK, Spain etc. Most of these B’Schools belong to an elite category and are accredited by AACSB, EFMD or AMBA. India’s recent emergence as a robust economy evinced keen interests from these deans and directors who would showed interests in exploring collaborative opportunities with their B’Schools in India.
Dr Chaturvedi also held meetings with leaders of international accreditation bodies like Prof Eileen Peacock, Senior Vice President & Chief Officer Asia, AACSB, Prof Eric Corneal, CEO, EFMD, Mr Andrew Main Wilson, CEO, AMBA and Mr Lin Meugquam, Head of Accreditation, Ministry of Education, PR China.
During his stay at Shanghai, Dr Chaturvedi accompanied by Mr Amit Agnihotri, Convenor, Indian Management Conclave, visited campuses of China Europe International Business School (CEIBS) , Shanghai Administrative Institute (under the Communist Party of China) and Tongi Sen University, Shanghai. The CEIBS is ranked the number one in China whereas the SAI is a top training institute for civil servants of P R China.
The IBSS Conference was started in 2006 by Prof Zhau Lin, Dean of Antai College of Economic and Management. It is organized bi-annually with full support of the Government of PR China. Dr Chaturvedi had earlier attended it in 2010 and 2012.
On the initiative of Mr Amit Agnihotri, Convener, Asian Management Conclave-2014, formerly MBA Universe.com, a Panel Discussion was organized on October 9, 2014 on a topic of “Future of Management Education : Emerging opportunities for Asian B’Schools”. Moderating the Panel Discussion, Mr Amit Agnihotri informed the gathering that an Asian Management Conclave would be organzied at Singapore Management University, Singapore (SMU) on March 12-13, 2015 in order to reinforce the identity of Asian Management distinct from the European and North American Management. He said “while Asian B’Schools are laggards today but they can leapfrog by becoming Centre of Next Practices in Global Management Education”.
Participating in the Panel Discussion, Dr H Chaturvedi said that during the next 35 years (2015-50), leading seven economies of Asia viz. China, India, Indonesia, Japan, Korea, Malaysia and Thailand would virtually become the growth engine for Asian as well as global economies. He said that these Asian nations however would have to face multiple risks and challenges viz. stark inequalities within countries, the middle income trap, intense competition for finite natural resources, disparities across countries, global warming and climate change and poor governance in almost all countries.
Dr Chaturvedi, spoke about the “Indian Management Education – A Vision for 2025” and explained how the 50 top Indian B’Schools are likely to become the true Global B’Schools by focusing on research, ranking and accreditation within the next 10 years or so. He also presented a common agenda for Asian B’Schools which can be achieved in the next 20 years.
Speakers who participated in the panel discussion included Prof. Hellmut Schutte, Dean and Vice-President, China Europe International Business School, China; Prof. Young-Ryeol Park, Dean, Yonsei University School of Business, Korea; Prof. LI Kouqing, President of Shanghai National Accounting Institute, P. R. China; Dr Arfah Salleh, President of UPM Putra Business School, Malaysia; Prof. XU Xinzhong, Dean of Lingnan College (University), San Yen-San University, P. R. China; Prof. Donyaprueth Krairit, Dean of School of Management, Asian Institute of Technology, Thailand; and Prof. Assylbek Kozhakhmetov, President, Almaty Management University, Kazakhstan.
Speaking on the occasion, Prof. Hellmut Schutte, Dean and Vice-President, CEIBS, Shanghai said, “While western theories and framework can have universal appeal, the execution needs to be adapted. Also, countries like China, Japan, Korea, India need to contribute to the next phase of growth of global management education.”
Prof. Young-Ryeol Park, Dean, Yonsei University School of Business, Korea said, “By 2025 the Global Asian Era will commence, where China, India, ASEAN, and Korea will ontribute to global economy in a big way. There isn’t enough teaching materials and methods available on Asian management. Dr Arfah Salleh, President of Putra Business School, Malaysia said, “Asia-Pacific Brand of Business & Management Education should be focused on co-existence of western and indigenous solutions”.
A good discussion between speakers and participants had taken place during the Q&A Session. It was noted that a keen sense of urgency was emerging among the Asian B’Schools to establish their identity at the global level.