The Vice President of India, M. Venkaiah Naidu has expressed concern over the recent incidents of indiscretion, mismanagement and greed that ruined many business organisations and individual reputation as he stressed up on the need to incorporate business ethics and values as an important and integral element of management education.Speaking at the B-Schools Leadership Conclave organised by the Education Promotion Society for India, here today, the Vice President asked the world community to reach a consensus on automatic sharing of information on economic offenders. Countries must have a system of extraditing economic fugitives, he added.Talking about the significance of business education for developing economy like India, Shri Naidu stressed that trained human capital was the vital strategic input for creating wealth and the growth of GDP. He said that India’s youth must be provided be trained with employable skills so that they are fit to the modern day challenges.Stressing that 4th Industrial Revolution has alerted the world business leaders to train their employs to meet the future challenges, Shri Naidu said that Indian businesses have also now realized that there would be a paradigm shift in the Indian job market in the coming years.
Saying that the country’s youth should not depend upon yesterday’s teachings to prepare for tomorrow’s future, the Vice President asked Business Schools to ensure that their graduates were well-equipped to take on 21st century challenges.The Vice President wanted the institutions to formulate regulatory framework for MBA/PGDM Programmes that would support innovation, experimentation and entrepreneurship. He also wanted the business schools to setup new type of curricula to give new skill sets their employs so that they are equipped to take up new jobs that use futuristic technologies for problem-solving.The President of EPSI, Founder & Chancellor, VIT, Dr. G. Viswanathan, the Director General & CEO, EFMD & EFMD GN, Prof. Eric Cornuel, the Sr. Vice President, EPSI, Dr. M.R. Jayaram, the Alternate President, EPSI, Director, BIMTECH, Dr. H. Chaturvedi, the Chancellor, Sharda University, Mr. P.K. Gupta, the Executive Secretary, EPSI, Mr. P. Palanivel and other dignitaries were present on the occasion.