Resumo de Business India

WEST IS EST MINDSET

`It is an entirely different world out there to day. The urban New York or Paris is places of extreme peace. The decisive battlefields are fought in the commercial markets of India and China and not in these comfortable western locations. It is the realization of this reality that forces the Multi-national gaints of the US and the like to march the army of Senior Executives to these parts of the world to effective fight their commercial wars. This has happened in the past century. It is happening at present with renewed vigor. The professionals who learn their maiden lessons in commercial centers like Bombay and Baroda will be fit to deal with any kind of competition of the healthy market places in any part of the world. But this rational is yet to find favor with the aluminizes of the Indian Institute of Management and other front-runner Business Schools. The IIM, Ahemedabad, India, recently publicized with pride the campus placement of one of their pass outs for an all time high remuneration package of $ 1,85,000 (Rs.82, 00,000) The other B-Schools also vie with each other to bag most lucrative assignments through campus selection to far off western destinations like the United State. This give the wrong signal that the salary levels are rising through the roofs in the western countries. The fact remains that these salaries, by western standards, are comparable to ordinary levels of compensation for services and not at all very high as made out to be. No doubt salary levels are rising steadily in every place and the U S is no exception. However, the figures, quite often, as shown above appear to be jacked up by adding Cost to Company which include even the to and fro air fare to far of destinations like the U S and Australia. If such indirect cost elements are excluded the salary levels as published in the press will be indexed to a substantially lower levels. It is indeed a shame on the part of such prestigious institutions to make out bogus claims for commercial advancement or fame. Not that the incumbents of campus selections are unaware of the impact of such indirect costs added to their compensation packets. Yet, they prefer to ignore these for the sake of publicity and good will. The sad part of such tendencies is that the aluminizes of these prestigious B-Schools who represent the cream of the society are lured to assignments abroad to do number crunching jobs. They accept such jobs with a sense of subservience and achievement simultaneously. They prefer to remain like that through out their active life. All their initiatives died down they would never be able to aim at management roles for which they were trained by the B-Schools.

By contrast, the jobs in India offered to such professionals coming out fresh from the prestigious Management Schools offer comparatively very less by way of compensation. But the Indian market place offer them better opportunities to learn the most intricate tricks of the trade and mould them into good managers and chief executives. They can not learn such lessons from the level playing grounds of New York or Silicon Valley. Their initiatives and self-esteem died down majority of them would never be courageous enough to become the regional heads or Chief Executives of prestigious multi-nationals.

Recent trends show positive signs of interest in domestic positions among the professionals coming out of Indian Institute of Technology and other Technical Institutions. Many of the engineers have started returning to India leaving their lucrative jobs in the United States and other western locations with a view to set up their start-up ventures taking advantage of the liberal economic conditions prevailing in India or to take up challenging domestic assignments.

However, the products of the IIMs are yet to imbibe this mindset as they still behold the false prestige associated with the jobs abroad. It is high time that the Indian Society takes up the responsibility to make them realize that they are in fact the losers who walk over their cultural heritage to live a stranger?s life in a far off land. Those who stick to such positions refusing to return to their land sooner than later would be depriving their offspring as well the opportunity to share the most valuable cultural heritage of Indian tradition founded on unity in diversity.

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