It should be based `on country's social, cultural milieu'
HYDERABAD: Prime Minister Manmohan Singh on Tuesday called for evolving an Indian model of management education based on the country's social and cultural milieu, "even as we learn from the West and the East."
Inaugurating the first Global Logistics Summit organised by the Indian School of Business here to coincide with completion of its fifth year, Dr. Singh said the country now had a critical mass of faculty, research and case studies to enable it to define an Indian approach to management.
He said there was a difference in approach to management philosophies and practices as developed in the US, Europe and Japan. Perhaps one can even talk of a Chinese model of management. Clearly there should be an Indian model too, "as firms and managers have to deal with extremely diverse and rich social, cultural and economic landscape."
The ISB's Centre for Global Logistics and Manufacturing Strategies (GLAMS) is hosting the two-day summit with the theme "Logistics for Global Competitive Advantage and Rural Growth" in association with the Hero Mindmine Institute. Leading industrialists and academicians are anchoring various sessions of the summit.
Touching upon logistics, Dr. Singh said it could play a key role in integrating rural and urban India, contributing to employment creation and income generation. "We need to have a logistics model that reaches out to the potential in rural India. A model, which delivers goods and services in a cost effective manner."