“Governance and thought leadership are two inextricably entwined traits.” says Dr. Uday Salunkhe, Welingkar Institute of Management.
Without effective thought leadership, governance remains a myth; it becomes effective and inclusive only if the element of thought leadership is at its core, which is reflected in the inclusive progress of all sections of society. The extreme challenges thrown up by the turbulent transition in our ecosystem can be solved with thought-leadership. Thought-leadership helps us face the external fluctuation and internal challenges smoothly.
Thought leadership configures feasible solutions considering even the last man and paves the way for governance works its way towards aspired goals, through challenges, dilemmas, and diversity. Thought leaders are futuristic and have the ability to connect the dots — their policies are set accordingly. A similar pattern can be observed in the government targets and their efforts in the direction.
A huge task for the leadership is to invest in the people and their mindsets. Attitude changes are required to yield optimum results. The recent visit by our Prime Minister to Silicon Valley brought forth the grey areas holding back innovation culture and growth of our own Silicon Valleys. These attitude changes have to be delicately worked upon and may call for bold reforms. Thought leadership has to be utilised to stitch together conflicting, but worthy mindsets seamlessly.
A thought leader ensures effective partnership among various stakeholders by taking them along, drawing out the best and willing cooperation from all, with tact, equanimity and vision. It needs incisive details of all the various elements at play.
A huge demographic section lives in inhabitable conditions. Effective thought leadership can enable the governance to reach the accruing benefits to people at large and mitigate the huge inequities. Thought leadership gives the leaders an enabling infrastructure to execute their ideas and innovations customised to meet the needs of the underprivileged in a system. Thought leadership is quintessentially inherent in governance.
Many have pointed out that B-schools are not adequately sensitiveto the problems and challenges of the society at large, which has a direct bearing on goal setting. The traditional managerial approaches to address these challenges no longer work.
Amanager is expected to operate under defined set of business rules and manage a process, which means he can deal with neither ambiguities nor contradictions inherent in real life situations. Design thinking, a tried and tested instrument, is laterally and holistically innovative in its approach and equips the manager to overcome. Hence, it needs to be included in the B-school curricula.
Design Thinking is an open-minded, human-centered, problem-solving approach, incorporating the manager’s empathy with the people. It demands inquiry into accepted notions, multisensory perception, cross domain application and prototyping.
For example, Priyanka Amar’s iKheti, a unique initiative, applies the principles of design thinking to derive multiple benefits to meet a diverse range of goals and objectives at individual, corporate and social levels. iKheti incorporates the principles of design thinking to provide relief to Mumbaikars caught in the cyclical monotony of driving out of the concrete jungle every weekend in search of green pastures.
Prof Uday Salunkhe, group director, Welingkar agrees with Tim Brown, MD & CEO-IDEO, who said “I believe that design thinking has much to offer a business world in which most management ideas and best practices are freely available to be copied and exploited. Leaders now look to innovation as a principal source of differentiation and competitive advantage; they would do well to incorporate design thinking into all phases of the process.”
“Whether it is education or management education, global competitiveness is the tool for success in all spheres,” says Uday Salunkhe, Group Director of Welingkar Institute of Management.
Industry, economics, trade or education, globalization is the answer to all sectors. The challenges are growing in the MBA field with exceptional speed as it creates a tremendous growth opportunities, he adds.
The demand for management institutes itself is very high as over 20000 students pass out of management schools every year. This denotes the boom of management institutes in our society.
With over 11000 colleges, 250 universities and institutes, Indian education system is one of the World’s largest, says Uday Salunkhe. Education system has seen a growth in number of colleges from 208 in 1951 to 2300 in 2001.
Dr. Salunkhe points at the core areas for this growth as:
- India’s demand in the foreign markets
- Current educational scenario
- Challenges faced by Indian B schools
- Best practices the world over
“For an MBA player to be in an education sector, it is a path laden with thorns and blooming orchards scattered with fruits,” states Uday Salunkhe. In order to be more than academicians, MBA institutes will need strategic leaderships and leaders.
“Institutes need leaders of action and global vision. If they are to achieve the core competencies of Indian management and ethos to merge with international flavor, institutes will need to create global MBA players,” concludes Uday Salunkhe.
Earlier this year, Bombay Management Association (BMA) bestowed Welingkar Institute Of management Development School (WeSchool) with the “Best Management Institute The Year 2015” award.
Among India’s top business schools, WeSchool is a pioneering management education institution in India which emphasises on design-led innovative management education for shaping vision and mission of global citizen leadership. WeSchool has also only taken initiatives to help solve socio-economic issues by providing man power management and also trained budding entrepreneurs. Taking this into account, BMA awarded WeSchool with the prestigious award.
Prior to this, BMA had awarded Welingkar with “Outstanding Institute of The Year” award in 2010 and 2013. At WeSchool, the students are groomed in several aspects such as the importance of design thinking and new technology. The institute takes special efforts to provide education on par with international standards as well as continuously researches to improve the syllabus.
“At Welingkar Institute, we prepare students as stable social and commercial leaders” said Prof Dr. Uday Salunkhe while accepting this award.
In memory of 26/11 victims, the students of Welingkar organized a Global Peace Initiative. Eminent personalities from politics, cinema, television and journalism were part of this initiative. Dr. Uday Salunkhe, Group Director of Welingkarl, opened the speech, “The terrorist’s real weapon is hatred and fear that he invokes, the divides that he creates. Global Peace Initiative is one of our endeavours to sensitise the young citizens about role and responsibility in building a peaceful and multicultural world. People like Dr. Jockin Arputham, Owais Shaikh and Maya Shahni, who keep peace and humanity alive inspire youth to be assertive and nurture a positive and inclusive culture, are the real heroes and it is our privilege to honour them.”
Dr Uday Salunkhe, Group Director of Welingkar Institute of Management discussed 4Ps of climbing and managing. “Plan, Prudence, Patience and Perseverance is the way to go,” informs Salunkhe.
A conclave for Rising North-East India was hosted at Welingkar Institute of Management Development and Research. Only recently, Prime Minister Narendra Modi had stated that North East India will play a vital role in the development of our nation. The conclave was attended by Shri Dattatray Hosbale, Joint General Secretary of RSS with Governor of Maharashtra, Shri CV Rao, as Chief Guest.
The two guests shared their views on the contribution of North-East in India’s economic and social development. Shri CV Rao addressed that the Maharashtra should support the students of North East by providing technical and management skills. “Education institutes like WeSchool should encourage students, especially girls, to learn new skills and compete at national level,” he added.
Dr Uday Salunkhe, Group Director of WeSchool, stressed on the role of education institutes and stated, “We should focus on Leadership, Innovation and Entrepreneurship to nurture and develop the youth community and the nation. WeSchool believes in building Global Citizen Leaders and works towards instilling leadership skills in the budding entrepreneurs. Project Netrutva is initiated to groom students from economically weaker backgrounds and offer them an opportunity to attain management education to facilitate in building their career.”
He further pressed on the importance of providing equal opportunities to students from all financial backgrounds to excel in their fields. “The youth must be part of playing a role in Leadership and experiencing it. If we as a nation take this role to improve inclusiveness, we will soon see youth believe and participate in the change and transformation we want to see,” concluded Uday Salunkhe.