Prof. Dr. Uday Salunkhe On Making Students Ready For The ‘Real’ World

WelingkarIn today’s day and age being educated does not guarantee employability. We are living in time where neither the employer nor the employee, consider just simple and basic parameters of employability. Nowadays, the employee as well as the employer want to align their interests, future projections and chart a satisfactory growth path for both.

Thus, at WeSchool Prof. Dr. Uday Salunkhe has outlined pointer for educators and brought about changes in the curriculum that will foster holistic growth and management.

Some of the fundamentals as outline by Dr. Salunkhe are:

Keep yourself tethered to industry needs
As educators, all staff at WeSchool is expected to stay abreast with the dynamic needs and demands of the industry by and large

Develop competence through a multi-disciplinary approach
Despite being born in the day and age of specialization, it is becoming increasingly apparent that the one who would like to manage must learn to micro and macro manage; making it crucial to have an all-round picture of the subject in question

Developing EQ
Up until now, just one’s IQ might have been sufficient for the job market. However, increasingly employers are looking for people with not just good IQ but EQ i.e. Emotional Quotient as well.

Students’ initiatives
Giving concrete team projects to students ensure that important values needed for successful team work are inculcated right from the start.

Mentor as though mentoring a global leader
Knowing that the world is increasingly drawing closer, it has now become indispensable to have a global understanding of business, economics and culture. Thus, in collaboration with Centre for Creative Leadership, USA 400 students have benefit from their experience in completing over 50 projects of varying kinds.

Assess, develop and align
An assessment and development center has been established in Welingkar for students’ needs and progress to be assesses, aligned and developed. Through this program, each student is assigned a mentor who will be able guide the student.

Industry engagement
The title of this pointer is self-explnatory. Under industry engagement, students are given an opportunity to observe the working of an actual industry, commercial or corporate set up; leaving them with an experiential understanding that builds excellent employability character.

“Emergence Of Women Power In Family Owned Businesses” – Contributed By Dr Uday Salunkhe

Emergence of Women PowerTraditionally, in India, women of families who run successful businesses are expected to play a limited role, with little exposure to the world outside the realm of their families and they often get overlooked completely, regardless of their acumen, intellect, passion, desires and accomplishments. In the few occasions when women who manage to enter the family business, they face the ‘glass ceiling ‘as they remain at lower positions then men, and often get coaxed into becoming a non-contributing member.

The scenario is changing fast as businesses become gender-time-location neutral and the possibilities for women playing a stronger role in their family’s business rise dramatically.

Along with the women born with the proverbial silver spoon in their mouths, there are those venturing into unusual start-ups and businesses with as much passion and determination as their male siblings.

Dr Uday Salunkhe, Group Director-WeSchool, feels that the times have changed due to factors such as globalization, breakdown in the joint-family fabric, education, thoughts of career, self awareness and confidence that have contributed to turning women into harbingers of social change by becoming dynamic participants in their family owned businesses

It is however not an easy climb for women as entry into the family managed business does not necessarily mean pathways to leadership. With Indian businesses being under patriarchal influence, succession of women to the top still hangs in balance.

Dr Uday Salunkhe Group Director-Welingkar, is confident of Indian businesswomen and believes that they are equally capable of managing the rough and tumble of the business world successfully, whether construction, FMCG, infrastructure, retail, IT, logistics, healthcare, manufacturing, consulting or engineering.

The environment has changed, but it will always be up to the women to reinvent themselves and their role in business with vision, foresight and planning, ability to see the bigger picture and of course, creativity. They need to use the tools at their disposal with a shared purpose with a deeper meaning, awareness, management of energy, networking and collaboration and define newer roles for themselves that will take them to greater heights of success.

“The India Start-Up Engine Is All Charged To Go” – Uday Salunkhe

India’s economy is fast changing with times. The numbers denote that it’s in a phase that is encouraging more and more start-ups to take off in a variety of sectors and industries.

As a culture, India has never boasted of an inherent risk-embracing entrepreneurial energy, unless the reference is to particular localized pockets in certain communities. For a while many young guns of business families have been traveling abroad to gain international exposure and education. When they are back, they introduce new concepts that they have imbibed on these stints.

The Start-up Story
In the last decade, start-ups have been writing a whole new chapter for corporate India, and this seems directly linked to the increase in the number of highly-educated CEOs at helm.

Conducive Conditions for Nurturing Start-ups

The academic foundations of entrepreneur aside, there are several factors at work that directly contribute to a start-up-friendly environment in the economy. Here are a few.

The idea is to solve big infrastructure problems: The new-age businessmen no longer begin with the idea of starting a business; for them the business is a means to solve a problem.

High Appetite for Risk: Not only are people actively working from a problem towards a solution when thinking of a start-up, they are also less restricted by fears of failure and charting unexplored territory.

Support in the form of hubs, investments and incubators: With more than 3,000 technology start-ups, India is the fourth largest base for nascent businesses anywhere in the world.

Investors, too, are playing their part by placing trust in new start-ups and investing big.

A Strong Foundation
Hubs like Microsoft Ventures and Welingkar empower nascent causes to do more. The WeSchool-MIT Venture Mentoring Service (VMS) was born out of the belief that active support of entrepreneurial activities contributes to the entrepreneurship education of the community.

India’s start-up scene is at a promising juncture. How the industry fares will be seen in the days to come, but, at this point in time, each sectoral component is playing its part and that’s vital.

Prof Dr Uday Salunkhe, Group Director, Welingkar Institute