Friday, December 19, 2008

The "Business Plan" Way ??

As MBAs we are supposed to be good at understanding and solving business problems/situations. Though these 'problems' are mainly business related, many techniques/methods used in business are off-shoots from military, philosophy and practical 'common sense' , which are adopted to business situations. The 'Art of War' for Marketing, 'Game Theory' for Strategy, 'Kiezen' for Operations, etc are such examples of adaptation to business situations.
The Indian Institute of MANAGEMENT (not 'Business') is known to breed 'Leaders'. The students take on business roles,.. but the institute trains them in MANAGEMENT. So are institutes like XLRI, SP Jain etc... Their advertisement read like "we produce students who challenge the status quo" , " to be leaders in their domains" etc.
Hence as MBA students of IBS should'nt we be ready to take situations others than business....but MANAGEMENT ?
Here comes the opportunity......
Make Business Plans for NGOs/ Orphanages/Old age homes
Our 'Management' mindset should be able to produce such plans so as to generate a continous/sustaining stream of cash flows for these organisations themselves.
This will make them self-reliant rather than being dependant on others for 'charity'. We need to empower them rather than support them by grants/aids.
...think the Business Plan way !!

1 comment:

  1. This is a very good opportunity for us students to contribute in our own way in creating a better world around us.

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