Internship Linkage to EmployabilitySankalp-2
K.B.C. Saxena
Fortune Institute of International BusinessNew Delhi10 February 2014
Management“Management is a practice that has to blend a good deal of craft (experience) with a certain amount of art (insight) and some science (analysis).”
Mintzberg, H. (2005) Managers, Not MBAs: A hard look at the soft practice of managing and management development, McGraw-Hill.
“Like any other professional discipline, Management is never taught; it is practiced and shared.”
- Ravi Mathai, first director of IIM-A.
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But Most of Todays’ Business Graduates
(MBAs/PGDMs)Do not have Business Experience,
SoHow can they get business experience during
their MBA/PGDM?
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The Issue: Employability of today’s Management Graduates
• Employability issues are emerging at the very core of contemporary management program graduates worldwide.
• According to 2012 Employability Survey carried out by Merriot Trac Services, 89% of graduating MBAs/PGDMs in India are not employable.
• Main skills considered critical to employability have been:– Problem solving– Team working– Understanding the world of work
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Top 10 Skills for PGDM Graduate Employability
• Commercial awareness (or business acumen)• Communication• Teamwork• Negotiation and persuasion• Problem solving• Leadership• Organisation• Perseverance and motivation• Ability to work under pressure• Confidence
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Skills generally addressed by
Internship
Summer Internship• Students’ encounter to the true complexity of
business scenarios.• Generally this exposure is restricted to superficial
work scenarios which the company mentors want the students to accomplish.
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Internship-based Learning as Creative Problem Solving
• Internship offers an excellent way of connecting theory to real life work and make learning experiential.
• Internship-based learning is not solely concerned with the transmission of knowledge to internee, but also extends to the enhancement of core competencies in key skill areas and the development of attitudes both within sponsoring organization as well as FIIB.
• These objectives, when combined, can be described as building the capacity for creative problem solving.
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Skills Learnt by Students through Issue-focused Internship Work
• Analytical skills: identifying and recognising problems, understanding and interpreting data, understanding and recognising assumptions and inferences.
• Decision-making skills: exercising and making judgments, making and defending decisions.
• Skill of applying a theory: identify a situation matching with a given theory requirements.
• Communication skills: both oral and written: communicating ideas and opinions.
• Creative skills.
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CIP as Issue-focused Internship at FIIB
Company Mentor
Faculty MentorStudent Internee
CIP Report
Issue-focused work
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Challenges for Success in Making Internship Issue-focused
• Internee should be able to convince by the attitude of a motivated learner that he/she is willing to do/learn whatever type of work is given to him/her.
• Faculty mentor should be able to convince Company mentor that FIIB faculty is great and they can help through the Internee, the Company to address any issue of concern embedded in the Internees project.
• Company mentor should see Internship as an opportunity to get projects completed by Internee which involve addressing complex issues (rather than merely labor-intensive projects).
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Thinking about Internship Work
OrganizationIssue behind work?
Relevant Course
Work given
SI
FM CM
1. Proposal
2. Draft Report
Work + Objectives
Theory + Solution
Focus + Methodology
Solution Refinement
Findings +
Learnings
Relationship
Case possibility
Objectives Fulfillment
Employability
CIP Quality Assurance
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A Win – Win – Win Situation
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CMSIFMWINWIN WIN
Free Issue-based consulting from
FIIB’s FM through the CIP SI
Good experiential learning, enhancing employability; case-writing possibility
Good knowledge of industry; case
writing potential; case study research
potential through multiple case
studies
Example 1
• Study why an e-Recruitment portal is getting good business?
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Example 2
• Why an international insurance company is not getting good business compared to its competitors?
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Example 3
• How a real-estate company making luxury villas can find more potential customers for themselves?
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