Institution and industry interface

Institution – Industry Interface is a critical dimension for any Management Institute as this interface decides the extent to which the institute becomes an acceptable brand. Industry and Institution interaction has to be sustained and is beneficial for both.  Industry can benefit from the knowledge base available with the Management Institute and the Management Institute can benefit from the field experience and the industry exposure through research activities, projects, guest lectures and update seminars.

     Institutions of higher learning must make contributions to society.  Grooming of students should focus on creating a pool of effective managers and future leaders. It is necessary to have realistic understanding about the expectations of the industry from management institutes to impart relevant management education. 

     The Gaps pertaining to the curriculum, pedagogy, faculty profile, student quality, placement related expectation, perceptions on overall performance can be bridged through  faculty exchange programmes, Industry experts taking time off from the Industry to serve a term in the Management institute and/or the faculty member joining the industry to prepare case studies and conduct training programmes.

     It is necessary to have a realistic understanding about the expectations of the industry from management institutes.

The article was written by Vani Ramesh, HOD of Management Sciences Department,GRV Business Management Academy, Bangalore