Meet promises to transform management education

ISDSI conference to deliberate on decision-making and decision processes
The 11th conference of the Indian Subcontinent Decision Sciences Institute (ISDSI), hosted by the Indian Institute of Management Tiruchirapalli, has held out promise of transforming management education in the country. The conference is being hosted by an IIM for the first time.

Over 600 delegates from across India and 15 other countries are taking part in the three-day event, which would witness 100 technical sessions and presentation of over 500 papers on a wide array of subjects such as operations management, marketing, human resources, finance and accounting, strategy, economics and public policy. A special issue of select papers is to be brought out by American Journal of Business.

Co-sponsored by AICTE (All India Council for Technical Education), the conference has brought together practitioners from business and industry and research scholars for sharing, discussing and deliberating on a variety of research agendas, ideas, and findings related to decision-making, decision processes and performance excellence.

Performance excellance

“In today’s volatile and highly competitive environment, businesses and non-business organisations across the globe must conduct themselves with utmost efficiency to achieve performance excellence. Hence, decision-making in all functional areas and at all levels of management, plays a crucial role in achieving results by making the best use of the available resources. Decision-makers need to appreciate and deal with technical, cultural, behavioral, social and environmental interdependencies while making decisions. It is imperative that they adapt to and utilise various decision science tools and techniques for efficient and effective decision-making as well as promote global sustainability at the micro and macro levels,” according to the organisers.

Inaugurating the conference, Chairman, AICTE, Anil D. Sahasrabudhe called upon IIMs to provide mentoring support to over 3,000 business schools offering PGDM and MBA programmes under affiliation to university system, where the curricula was outdated. The AICTE had readied a model curricula for MBA and engineering programmes involving faculties of IIMs and IITs. The AICTE intended to grant autonomy to business schools at three levels, with varying degrees of freedom, he said.

Induction training

There was also a proposal to make induction training mandatory for faculties to enable them to initiate students into problem solving in classroom.

Jalaj Dani, Chairman, Board of Governors, IIMT, said autonomy granted by IIM Bill has created the need for the institutions to function with a lot more responsibility and accountability.

IIMT Director Bhimaraya Metri was honoured with two prestigious awards, JGate ESS Forum Bst Usage Award, jointly awarded by INFLIBNET and Informatics, and Wiley Library Award, for the highest usage of Wiley Journals in IIM Consortium (Tier II and III).

The event began on Wednesday with a Doctoral Consortium, providing valuable insights from distinguished academicians on improving research work.

Workshops

Seven workshops, Doctoral Student Colloquium, New Faculty Colloquium, Academic Leadership in a World of Digital Disruption: Perspectives of Academic Leaders, Field-based Research, Publication in High Quality Journals, and Flipping the Classroom and Entrepreneurship have been lined up.

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