IBA- A Progressive Business Model
Surely!
Under a protectionist regime, a regime which says NO to competition, free markets and empowerment of the human mind.
It certainly does not fit with the future we want to attain in our country (Pakistan) in terms of mentality, thought or practice. It replicates the mentality of dependency and being second tier in world practice, even if that qualifies as first tier in our domestic market. The methodology is based on grilling knowledge and fostering dependency rather than sowing the seeds for academic fruit, human thinking and breaking the stereotypes. Hence its objective and focus is not suited to competition on a global scale given the early half of the 21st century, where capitalism in its innovative form is the norm or believed norm for growth and progress.
Further, its business model and success in the current years is based on the lack of competitive alternatives (LUMS as an exception) in terms of networking, business education and the high and lust created by the graduates of the past decades. The norms of the system were compatible with the markets of the past decades. However, the changing tide and the lack of flexibility is evident by the influx and take over being drafted by the external programs infiltrating and further deepening our foreign exchange problems.
Further, the lust of the early 1990′s does not exist today, not due to the graduates themselves- who probably are the tier one students and hardworking academic souls in the country but rather through the norms of dependency inculcated in our practice (system) by the British pre-partition.
In the next issue, I will discuss my claims in depth (this is a teaser- to say the most), drawing a link between the current issue and my quotation from an earlier post ‘quantity, quality and the deepening of the education system is the only way to prosperity’.
Till then,
Note: To my friends from IBA- your response is especially appreciated and further, this is not to discount your hard work but to highlight your spirit and work with a framework of constructive criticism for progress and a better future.
IBA: Institute of Business Administration- Pakistan
Category: Columns, Economic Wheel
Will reading and writing remain important?
Teachers must recognise that our pedagogical tools are inconsistent with the skills needed to survive in a world where people are always connected to everyone and everything. In such a world, learning to think for oneself could well be more important than simply learning to read and write (Economist, 16th March, 2008- From Literacy to Digiracy).