How Faculty Members Conduct Research in Indian Management Institutes

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Published: 12th April 2013
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Research is an integral part of almost any advanced certificate course. So, why should MBA be any different? Indeed, the significance of proper research is much greater in case of advanced business courses like MBA than it is for conventional academic courses. That's primarily because you don't see major changes in the world of general science or arts every day, whereas a new policy adopted by a major multinational corporation today may completely change the way the world does business, tomorrow onwards! Suffice to say, students of business management need to be made aware about the latest developments in the field of international business on a regular basis. In order to ensure this, research in Indian management institutes is a part of the daily routine, carried out by teams of dedicated professionals, who then share their findings with the faculty members. Senior students are also encouraged to join the teams of researchers, once they have completed their management courses.

Professionals conducting research in IIM branches focus on different fields of study, including the following:

1. International business laws: International business is bound by a plethora of international laws, related to everything between import/export of consumer goods and proper pricing of the same. A substantial amount of research in IIM branches is conducted on these topics, ensuring that students are knowledgeable about the business laws that MNC-s must adhere to, in order to conduct business legally. This goes a long way in helping them clear the crucial Q&A rounds in the interview process.

2. Economic conditions of countries across the globe: When joining an MNC as a management intern, every student needs to be aware of the economic condition of the country. That would form the basis of a lot of business decisions that the company makes, after all. Research in Indian management institutes often revolve around this topic.

3. Labour management policies: If a student joins a factory as an intern, then he (or she) would likely have to deal with labourers and factory workers on a regular basis. Although new labour laws are not passed on a regular basis, new techniques concerning pacification of agitated laborers are often developed by people working in the field. Being knowledgeable about such techniques can potentially help interns avoid a lot of unpleasantness on the factory floor.

4. Product life cycles: Management trainees joining a company involved in mass scale production of any item need to be knowledgeable about the entire life cycle of the product(s). That way, they can help in determining how long a product can be safely stored in the factory floor, before it has to be packaged and shipped. They can also help in spotting problems with the production cycle, in case the quality of products goes down below the accepted standards.

Conducting research in Indian management institutes can be an excellent career option for people interested in learning the working principles of the business world, in detail. If you have considered basing your career on this, then be sure to spend a lot of time in the library, gathering as much knowledge as you can. Also, staying in touch with the career counselor and letting him (or her) know about your intentions is a good idea.

Arindom Bhattacharya is a final year student at IIM Calcutta. Although he is not interested in conducting research himself, he has always been highly respectful of students and faculty members conducting research in Indian management institutes. He has also written articles to help people interested in conducting research in IIMs.

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