IIMs top man­age­ment rank­ings

IIMs con­tinue to rule the roost as per sur­vey by NHRDN and Shine.com

Hindustan Times (Lucknow) - - Education - HT Cor­re­spon­dent let­ters@hin­dus­tan­times.com

The prestigious In­dian In­sti­tutes of Man­age­ment have once again topped the 2017 man­age­ment in­sti­tutes rank­ings by Na­tional HRD Net­work (NHRDN) and Shine.com. Given that there is no dearth of rank­ings, the key as­pect that stake­hold­ers are us­ing to de­ter­mine to trust the ve­rac­ity of rank­ings is cred­i­bil­ity. Six years ago when the first NHRDN B-School rank­ing was con­ducted, it was based en­tirely on quan­ti­ta­tive data with­out em­ploy­ing any qual­i­ta­tive com­po­nent. The method­ol­ogy in­volves a re­search part­ner (Cinque Ed­u­ca­tion Pvt Ltd) and se­nior NHRDN cor­po­rate rep­re­sen­ta­tives spend­ing an en­tire day at the par­tic­i­pat­ing B-School to ver­ify the data they have shared. Fol­low­ing are the key at­tributes of NHRDN B-School rank­ings:

Holis­tic Pa­ram­e­ters for Eval­u­at­ing a B­School

The process looks at the most com­pre­hen­sive and holis­tic def­i­ni­tion of what it means to be a B-School, and fo­cusses on all the three el­e­ments of knowl­edge cre­ation, knowl­edge ap­pli­ca­tion, and knowl­edge dis­sem­i­na­tion, rather than be­ing my­opic and skewed to­wards only one pa­ram­e­ter.

Key Fo­cus on Lead­er­ship and Gov­er­nance

Suc­cess and fu­ture direc­tion of any or­ga­ni­za­tion de­pends on the Lead­er­ship and Gov­er­nance, and B-Schools are no ex­cep­tion. NHRDN Rank­ing eval­u­ates Lead­er­ship and Gov­er­nance re­lated com­po­nents in a ro­bust man­ner.

Unique Tri­an­gu­la­tion Ap­proach Glob­ally, re­search mech­a­nisms are in­creas­ingly em­ploy­ing tri­an­gu­la­tion meth­ods to en­sure the va­lid­ity of data col­lected. NHRDN rank­ing process also uses tri­an­gu­la­tion method to en­sure data cor­rect­ness.

In­volve­ment of In­dus­try Stal­warts NHRDN B-School Rank­ing process fur­ther stands out as the only process, in which In­dus­try stal­warts are in­volved at all the stages. The ad­vi­sory board led by P Dwarakanath, direc­tor (Group Hu­man Cap­i­tal) – Max In­dia con­sists of in­dus­try stal­warts like Ra­jeev Dubey, pres­i­dent (HR, Af­ter-Mar­ket & Cor­po­rate Ser­vices) and mem­ber, group ex­ecu- tive board – Mahin­dra & Mahin­dra, Dr. Ritu Anand, se­nior vice pres­i­dent and deputy head, global HR, Tata Con­sul­tancy Ser­vices, A Sud­hakar, ex­ec­u­tive direc­tor (HR) – Dabur In­dia Lim­ited, Ra­jeev Kr­ish­nan, man­ag­ing direc­tor In­dia – Korn Ferry, R Anand, se­nior vice pres­i­dent (HR), HCL Tech­nol­gies, Mr A D Burman, AVP, HR, Maruti Suzuki In­dia Lim­ited, among oth­ers. The Ad­vi­sory Board also re­views the re­search in­stru­ment ex­haus­tively ev­ery year and sug­gests changes to make the in­stru­ment more rel­e­vant.

Ex­plain­ing about the process, Dwarakanath said, “The en­tire en­deav­our is to cre­ate a rank­ing process, which is fool­proof, con­tem­po­rary, and holis­tic in na­ture and caters to all the stake­hold­ers”.

In­volve­ment of aca­demics

The rank­ing process also in­cludes so­lic­it­ing the views from academia ev­ery year to­wards mak­ing the re­search in­stru­ment more con­tem­po­rary and also seeks their feed­back to make the process fur­ther ro­bust. The process gains tremen­dously from the in­puts of these thought lead­ers in­clud­ing Dr Pri­tam Singh, Dr B A Metri, Dr Gau­tam Sinha, Dr H Chaturvedi among oth­ers. Ac­cord­ing to Dr Pri­tam Singh, “The NHRDN Rank­ing process is a rig­or­ous, data-based and ob­jec­tive ex­er­cise and has the po­ten­tial to turn into an ac­cred­i­ta­tion ex­er­cise in com­ing years”.

The NHRDN Rank­ing study for the year has re­vealed some in­ter­est­ing high­lights about the B-Schools.

First, there is a grow­ing trend among In­dian B-Schools to opt for in­ter­na­tional ac­cred­i­ta­tions, which points to­wards their com­mit­ment to qual­ity stan­dards and dreams of com­pet­ing glob­ally.

Sec­ond, the re­search out­put across B-Schools has shown an in­crease in terms of ab­so­lute num­bers, but qual­ity out­put is still re­stricted to cer­tain top B-Schools, where there is a lot of scope of im­prove­ment.

Third, lead­er­ship and gov­er­nance across In­dian B-Schools re­mains a con­cern and has tremen­dous im­prove­ment op­por­tu­ni­ties.

Fourth, place­ments across B-Schools have shown im­prove­ment in the pre­vi­ous year, and the out­look re­mains pos­i­tive.

Fi­nally, some of the new IIMs are also mak­ing their mark, but older pri­vate B-Schools are still hold­ing the fort. The com­plete rank­ing can be viewed at www.na­tion­alhrd.org.

FILE/HT

IIM In­dore ranks sixth in the NHRDN rank­ings

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