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| Manage new IIMs like corporates: Panel | | | AGENCIES
CHENNAI, Oct 29: A high level committee has said that the six new Indian Institutes of Management (IIMs), proposed in Tamil Nadu, Jammu and Kashmir,
Jharkhand, Haryana, Chhattisgarh and Uttarakhand, "should function on the pattern of the most modern corporates, in terms of administration and financial process."
Besides, they must be established keeping in mind the future demands. Recommending a corporate structure, the IIM review committee headed by R C Bhargava, chairman, Maruti Suzuki India Limited, has said "where possible, outsourcing possibilities should be seriously considered. Common systems and processes should be developed for the six new IIMs. Since some degree of modernisation is also required in these areas in the old IIMs, they too could benefit from the development work."
One of the biggest challenges while establishing new B-Schools would be recruiting faculty, especially in the functional disciplines.
"The system of making contract appointments should be tried out. Also, the use of technology, in conjunction with an existing IIM, should be used to compensate for faculty shortage. In fact use of technology, once well established, could be used to reduce costs," the committee has recommended in its report submitted to the union human resources development ministry last week.
The building plans for the new IIMs should take into account future requirements of expansion and ensure that optimum use of land is made. This recommendation comes in the wake of the increase in intake of students over the last few years in the existing six IIMs at Ahmadabad, Kolkata, Kozhikode, Bangalore, Indore and Lucknow.
The panel has also suggested the buildings at the new IIMs must be designed in an environment-friendly manner. "While designing the buildings and infrastructure, the need to be environmentally as friendly as possible and to minimise use of energy and water should be kept in mind. The use of solar energy should be considered as also water harvesting and recycling. Expert agencies could be associated in this work," the report added.
It would be ideal for the government to constitute a committee of three present or past directors of IIMs to study the detailed project reports for the new IIMs. Also, the new institutions must be mentored by existing IIMs.
Despite all this, it is not unlikely the new IIMs may have difficulties shortening the time taken to function at the same level as the older IIMs. The committee has cautioned that, "If these IIMs are not able to maintain the standards of the other IIMs, not only would this dilute the brand image of all IIMs, but would result in a huge waste of public money. For this reason, it would be definitely desirable that each new IIM is managed by one of the existing IIMs." |
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