Some of the most fascinating topics covered this week are: Education (B-schools face a moment of reckoning; Teacher who decided to 'unschool' her own children), Business (Kat Cole on brand, leadership and more; Sculpt yourself into a future-ready leader), Technology (Fear of robots returning to work) and Productivity (Tips to help with work-from-home burnout; 9 tips to avoid procrastinating)
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At Ambit, we spend a lot of time reading articles that cover a wide gamut of topics, ranging from zeitgeist to futuristic, and encapsulate them in our weekly ‘Ten Interesting Things’ product. Some of the most fascinating topics covered this week are: Education (B-schools face a moment of reckoning; Teacher who decided to 'unschool' her own children), Business (Kat Cole on brand, leadership and more; Sculpt yourself into a future-ready leader), Technology (Fear of robots returning to work) and Productivity (Tips to help with work-from-home burnout; 9 tips to avoid procrastinating).
Here are the ten most interesting pieces that we read this week, ended August 07, 2020-
1) B-schools face a moment of reckoning [Source: Livemint]
Many Indians see value in an MBA degree. Every year millions of Indians enroll themselves for an MBA degree. India has nearly 5,000 management schools and by most accounts, an overwhelming majority of them are mediocre institutions that don’t add much value to CVs. India produces upwards of 400,000 MBAs a year. Only in 20 schools is the starting salary more than the fees paid. And only 19% of the MBAs are technically qualified to take up jobs, according to Shiv Shivakumar, group executive president of corporate strategy and business development at Aditya Birla Group and a former president of the All India Management Association (AIMA).
B-schools now face a crisis. On the demand side is a tight employment market. On the supply side, intake of students for one-year courses hangs in the balance. There is uncertainty about the path of the economic recovery and by extension, the jobs market next year. Sunil Kant Munjal, chairman at Hero Enterprise, pointed out that three themes are consistent with every company at the moment. Every business is inducting more technology, building a new level of efficiency in operations and a completely new cost model. “If business schools are not teaching these, they will get left behind," he said.
A few academicians see a bigger role for management schools in the future. B-schools could metamorphose into a platform for dialogue between the government and other stakeholders such as businesses and NGOs, Rajendra Srivastava, dean of ISB, suggested. That could help resolve complex problems like the pandemic India is grappling with. “We should be teaching how to manage crises. Then there is new technology such as the Internet of Things and blockchain. Someone who has got their MBA 10 years back doesn’t have this as part of their toolkit," the dean said.
2) Kat Cole – How to Operate: Lessons in Brand, Distribution, and Leadership [Source: investorfieldguide.com]
If you are trying to figure out how to understand people in your business, work around making a brand successful, then this podcast is what you got to listen to. Kat Cole, the COO and president of North America for Focus Brands, which owns famous companies like Cinnabon, Carvel, Jamba, and more, shares her story from being a waitress to now president of a multinational firm. Kat’s story and career trajectory are remarkable, as are the lessons she’s picked up along the way which she shares in this conversation.
In this podcast, she throws light upon negotiation, distribution, brand building, brand extension strategies, and leadership. She looks at the world through her positivity lens and that’s what she starts with in this podcast. She believes every person is important no matter who that person is. Getting a person interested in you is by ensuring that you are interested in the other person. This lesson has taught her a lot in terms of brand building as well.
Talking about the biggest lessons she has learnt in leadership, she briefly touches upon two points: 1) Staying super-close to the action, and 2) To find patterns and use that to use for prioritization. On balancing gratitude and satisfaction/ambition she says that she has always had an allergic reaction to the word ambition. She has always been driven by different things, and driven to be different. Lastly she says that one needs to be ambitious and driven, but you also have to enjoy the journey. Being only ambitious and driven won’t help.
3) Employees and employers both face trade-offs as offices reopen [Source: The Economist]
Covid-19 has disrupted everyone’s routine. For the past four months people were getting accustomed to the new normal. With offices now reopening, employers and employees will find it difficult to adjust to the new working conditions. A group of academics led by Ethan Bernstein of Harvard Business School has been surveying American workers during the crisis. It found that many felt they could be just as productive at home as they had been at the office. They also found that stress levels have fallen by more than 10%. That despite the fact that workers toil for longer: an analysis of one technology company showed that working hours have increased by 10-20% during the pandemic.
The emotion that is most likely to lure workers back to the office is paranoia. The pandemic may have caused managers to realise who is indispensable and who isn’t. The trade-off for employers is rather different. Most companies will be thinking about whether they need all that expensive office space. If they do want to lure back their employees, they may have to spend a lot on contactless, socially distant office design to keep their workers safe, such as doors that open automatically.
It is not always easy even for those who have been doing their job for a while to perform the same tasks at home. And newcomers must adjust to a firm’s culture, which usually happens by picking up subtle cues from the people around them. Given the state of the global economy it will take time before most companies hire a lot more employees or lower employee interaction weighs on corporate performance. With many employees happy to work from home, that may mean no great rush to repopulate the office. You may not have to resume your morning routine until 2021.