India

Vol. 12 | Issue 01 | 2022

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Enriching
Advanced The Most Organizations Culture
Management Pedagogy
How STEM Learning
is Benecial for
Admired Modern-Day
Management
Management Academia Education Enriching
MBA the Global Economy

and

PG DM
Colleges
of the Year- 2022

Bharati Vidyapeeth's
Institute of Management
NBA ACCREDITED
INSTITUTE Studies and Research
Instilling Industry-Oriented Skills in Future Leaders
 Sell Your
Dreams!
T
he statement raises the success. Nevertheless, I did not find Everyone said that having an abun-
question of how one would sell much, but some common things in dance of money enables success, fame,
a dream! them, that are their attitude, dedication, power, and respect around the globe.
and hard work. However, in his eyes, this is not a
Moreover, while seeking advice on success because he believes that
how to succeed, I watched many All these factors are common and "Success is having such skill, or
movies and read numerous books on essential for business, but one day I quality, which money cannot buy."
successful businesspeople and watched the movie 'The Dreamseller,'
entrepreneurs to know their secrets to in which the lead character Mellon Its assertion is that one should develop
Lincoln Filho repeatedly asked advanced and distinct abilities to
everyone what success looks like for succeed. In order to succeed, one must
them. have the cognitive skills that empower
them to stand out from the crowd and
usher innovative and revolutionary
developments in the world.
However, one does not learn all these
aspects in their mother's womb;
instead, one must acquire these traits
through education. Numerous manage-
ment colleges assist their students in
developing the necessary skills to
succeed as entrepreneurs or leaders.

To discover "The Most Admired

MBA and PGDM Colleges of the
Year 2022," we catered many
institutions that foster strong leadership
characteristics in their students and
creates successful managers and
entrepreneurs have been featured in
The Knowledge Review magazine.

Flip through the magazine's pages to

read the success story of the manage-
ment colleges creating future leaders.

A joyful and enlightening read awaits

you! T R

Madhu Guleria
madhu.guleria@insightssuccess.com

Editor’s
Note
 C O N T E N T S

Bharati Vidyapeeth’s
Institute of Management
Studies and Research
Instilling Industry-Oriented

C o v e r
Skills in Future Leaders
08
Story
 26
C X O

Expert’s Opinion
Does Online Learning Have
the Potential to Change the
Entire Education System?

16
Pro les

30
DKTE
Society’s
Textile and
Engineering
Institute
St. Francis Creating Innovation
Institute of
Management
& Research PGDM
Instilling Exceptional Managerial
Skills in Future Managers. A r t i c l e s
Enriching

36
Advanced Organizations Culture
Management Pedagogy Modern-Day

22 How STEM Learning

is Bene cial for
Management
Education Enriching
the Global Economy
Management Academia
 People Behind
this Magazine
Editor-in-Chief
Pooja Bansal

Managing Editor Contributing Writer

Madhu Guleria Riya Chatterjee

Sr. Vice President Marketing Manager BDL BDE

Megha Mishra Ashwini Pahurkar Priyanka Chaudhary Princy Bhodapati
& Swari More

Art & Design Head and Visualiser Co-designer

Rahul Shinde Ankita Pandharpure

Technical Specialists Digital Marketing Manager SME-SMO Executive Circulation Manager

Prachi Mokashi & Renuka Kulkarni Yash Bhatt Tanaji Fartade
Rajeshwari Avhad

DECEMBER, 2022
sales@theknowledgereview.com

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 The Most
Admired
MBA
and

PG M
D
Colleges
of the Year
2022

Name of the Institute Web Address Brief

Accurate Institute of Accurate Institute of Management & Technology

Management and (AIMT) is one of the many prestigious institutions
accurate.in
functioning under the aegis of Accurate Group of
Technology (AIMT) Institutions.

Bharati Vidyapeeth`s
BVIMSR, Navi Mumbai, since its inception in 1984
Institute of Management bvimsr.org has been following a tradition: the tradition of
Studies & Research, producing world class leaders.
Navi Mumbai

DKTE’s Textile & Engineering Institute, Ichalkaranji enjoys a

DKTE Society's Textile unique and prominent place amongst the Engineering
and Engineering Institute, dkte.ac.in colleges that are engaged in education, training, research,
Ichalkaranji, Kolhapur and consultancy in various disciplines of engineering.

IILM Academy of IILM offers AICTE approved Post Graduate Diploma

iilmjaipur.ac.in in Management (PGDM) at a well located
Higher Learning, Jaipur campus in the beautiful city of Jaipur.

Om Sterling Global OSGU is a place of education and overall

osgu.ac.in development which never fails to render quality to
University, Hisar the students.

SCMS Group of Educational Institutions is a national

SCMS Cochin scms.edu.in leader in higher education especially in the elds
School of Business of Management, Engineering and Technology.

St. Francis Institute of Management & Research

St. Francis Institute (SFIMAR) was established in 2002 by “The Society of
smar.org the Congregation of Franciscan Brothers” to impart
of Management quality education in the eld of Business
Management.

Symbiosis is a family of academic institutions which

Symbiosis International include University, Colleges, Centres, and Schools
(Deemed University), siu.edu.in which have been imparting quality education for
Pune 50 years. It is host to over 40,000 Indian and
International students on campus.

Usha Martin University is dedicated to offer cost-

Usha Martin University ushamartinuniversity.com effective quality education for sustainable inclusive
development of society in the state of Jharkhand.

Xavier Institute of The institution will forever have students at the

Managemnet & centre of its aspirations and endeavours while
ximechennai.org
Entrepreneurship manifesting wholehearted commitment to all
its stakeholders.
(XIME), Chennai
Cover
Story
Bharati Vidyapeeth's
Institute of Management
Studies and Research
Instilling Industry-Oriented Skills in
Future Leaders

To deliver a ready
product to the industry in the
form of well-developed
nurtured corporate Executives
to cater to the needs
of the industry in the best
possible way.
“It's not about money. It's about the reacts, and functions based on In the quest for 'The Most Admired
people you have and how you're led." management. MBA and PGDM Colleges of the
-Steve Jobs Year 2022,' we crossed the path of
The business paradigm, trends, and Bharati Vidyapeeth's Institute of

T he intricate concept of
'Management' has been very
well put into words by Steve
Jobs. The management field has
continued to value its sheer relevance
operating systems have been
significantly changed in the 21st
century. To perform effectively and
efficiently, an organization's
management must be aware of the
Management Studies and Research's
Director, Dr Anjali Kalse. While
interacting with The Knowledge
review, she shared the institute's
inspiring journey since its inception
even though several job functions and market's ongoing trends, mechanisms and the future pedagogical vision of
positions are being offered periodically and ideologies. the institute.
in this devastatingly innovative era.
Branded companies seek innovative, To learn detailed information about the
With the fact that an organization's courageous, and intellectual talents to institute, dive down.
management system can lead the boost their brand value and can
organization to great success; no matter contribute in multidimensional ways to The Genesis Story of an Inspiring
how drastically a company's enhance their businesses. The Institute
functionality, performance, or service standards of management jobs have In 1984 the BVIMSR was founded in
varies, the management system must been increasing, which ensures that Navi Mumbai, and since then, the
remain in place to keep all the business education in the management domain institute has been following the
components together. will help students to overcome cut- tradition of 'Producing World-class
throat competition and constantly Leaders.' The institute has retained its
For instance, the brain is the most emerging challenges. tradition because it has adopted various
significant part of the human body programmes that suit the existing
based on which the whole body The managers are groomed with an business conditions.
responds, reacts, and functions; impressive attitude which is the
similarly, the organization responds, treasure of their wisdom, skills, and The institute offers a two-year MMS
talent which they get during (Master's in Management Studies)
their academic training. programme affiliated with the
Similarly, Bharati University of Mumbai. The
Vidyapeeth's Institute of programmes equip the students to
Management Studies and handle business situations and perform
Research (BVIMSR) focuses outstandingly in the corporate world by
on its tradition, i.e., producing imparting the requisite skillsets and
world-class leaders. The international certification from
institute provides programmes renowned universities of the world,
which equip the students with which add immense value to their
the abilities to handle career growth.
practical business case
studies, which helps them to One would not suspect that this
perform outstandingly in the tranquil campus, spread across four
corporate world. acres and nestled among lovely hills, is
close to the industrial belt, which
supports millions of jobs and makes a
significant economic contribution to
the state and the country. The
Dr Anjali Kalse classrooms at BVIMSR are made to
Director, promote the learning and exploration
Bharati Vidyapeeth's of the students. A campus with Wi-Fi
Institute of Management access guarantees that all students
remain in touch with the outside world,
Studies and Research
 The Most Admired MBA And PGDM Colleges of the Year, 2022

their studies, their faculty, and with one Association by UWAN. Recently, she
another another. The air conditioning has received National Happinness
in every classroom guarantees Unicorn Award by AICTE & YOL
maximum productivity during the long on 22nd August 2022.
day.
She has conducted training To be at the
The BVIMSR has a library with a programmes in various organizations,
variety of literature, and has invested including Pepsico Holding India Ltd, pinnacle of
in some of the most excellent IT Reserve Bank of India, Cotton Management
infrastructures, including cutting-edge Corporation of India, and many others.
servers and a campus with Wi-Fi Besides that, she has also done Basic Education.
capabilities and its audio-visual tools, Practitioner Certification of
including LCD projectors, audio Neurolinguistic Programming,
systems, acoustically constructed National Federation of Neurolinguistic NHRD (National Human Resource)
classrooms, and the excellent Programming USA. Network and ISTD (Indian Society for
conference and meeting spaces has Training and Development).
been equipped with the best Besides her certification, Dr Anjali
technology. The BVIMSR hotel completed her BSc, MIRPM, and PhD A Statement Describes the Values,
provide all the home conveniences to from Nagpur University in 1998. She Vision, Mission and Motto of the
its students. is also a PhD guide at Mumbai Institute
University, Bharati Vidyapeeth's When we asked Dr Anjali about the
Dr Anjali Kalse – The Torchbearer University, Rajasthan University, and vision of the institute, she states,
of BVIMSR ITM University. Moreover, she has "Social Transformation through
Dr Anjali is the director of BVIMSR, presented her research papers at the Dynamic Education."
Navi Mumbai; she has been holding 22 National/ International level.
years of experience as a soft-skill and Sliding down its mission, she
other management topics trainer. Being Dr Anjali has reviewed many books continues,
an educationist and trainer, she has and authored HRM's book; she has also
received many awards and recognition, contributed to many renowned Ÿ "To foster excellence in teaching
including The Indian Achievers journals. Besides this, she is also a and research to enable the students
Award for Educational Excellence by member of the Federation of Neuro to apply management knowledge to
the Indian Economic Development, Linguistic Programming, BMA transform business and society.
I2OR 2019 Educators and Research (Bombay Management Association),
Ÿ To equip students with analytical, BVIMSR dedicates itself to academic active participation of the students. The
entrepreneurial and professional vitality, integrity, and diversity." unique, hands-on approach of the
skills to perform in a global team BVIMSR MBA Programme to learning
environment. "To be at the pinnacle of Management accommodates the demand of the
Ÿ To develop faculty and students by Education," notes Dr Anjali. current economy.
encouraging participation in
research, consultancy, faculty Blended Learning Approach While stating about the institute's
development programmes and BVIMSR prides itself on being a unique learning approach,
multidisciplinary projects to student-centric institute. Students are Dr Anjali postulates, "The Institute's
develop professional competencies entrusted with resources and multi-prolonged approach in its
to lead in a global environment. responsibilities; they are encouraged to placement, academic, course structure,
Ÿ To develop the competency to take important administrative and alumni database and pedagogy always
understand, analyse and connect policy decisions that sculpt their future create a remarkable difference in the
commercial, legal, social and and the institute. This facilitates their graduates. Innovative blended learning
ethical aspects of the business." all-round development, over and above approach through online teaching and
academic performance. assessment tools during the
Further asserting the institute's core coronavirus situation. We ensure the
values, Dr Anjali says, "The BVIMSR BVIMSR has developed unique continuity of the learning of our
faculty and staff promote its students' learning initiatives, which is the students."
intellectual, professional, social, and hallmark of the institute. These
personal development through initiatives are the outcome of three Entrepreneurial Opportunities
innovations in learning, scholarship, decades of experience in the field of The institute stays connected with its
and creative endeavours. Students, management education. They have alumni and various senior industry
faculty, and staff partner to create been developed with the help of professionals; it helps the institute
strong engagement with the local, faculty, who are in touch with the know the industry's ongoing trends. It
national, and global communities. The industry's current needs and ensure the also engages the students with
 business plans, which are discussed, enhance the employability of the
and reviewed in detail. The student's students.
business plans have been discussed on
various parameters and feasibility. The institute invites eminent speakers
To foster excellence from the corporate world with
Other than that, the students also get an specialized knowledge to deliver a
in teaching and opportunity to present their business lecture. Alumni are invited frequently
research for enabling ideas to bankers, venture capitalists, to interact with the students.
and prospective investors. And all the
the students to apply records have been maintained at the The placement cell provides grooming
knowledge of institute level, as the Institution personality training to the young
Innovation Council was initiated in graduates, which helps the students to
management for 2020 under the Ministry of HRD, enhance the skills in which they lack.
transforming Govt. of India. The students are trained according to
the corporate requirement along with
business and society Under the innovation cell, various modern stress management techniques,
at large. activities and career guidance sessions public speaking, corporate
have been arranged in the institute to communication, business etiquette,
enhance the career growth of the negotiation skills and effective
entrepreneurs, which allows them to students. Currently, the institute is communication.
understand the experiences of the conducting joint activities in
entrepreneurs. collaboration with Indian Merchant Great Achievements are not Possible
Chambers. without Sacrifices!
Interacting with industrialists and When we asked Dr Anjali about the
entrepreneurs, the students get a The institute also encourages faculty achievements and awards received by
chance to present their ideas and members to seek exchange the institute so far, responding the
opportunities with international B- same, she asserts,
schools to understand global
pedagogical standards. Ÿ "BVIMSR is NBA accredited
Academic Years 2022-23 to 2024-
Institute's Job is to Help Students 25.
Prepare themselves for Anything! Ÿ Awarded among Top B-School of
With the help of project-based learning Eminence in India 2022 by CSR.
activities like capstone projects and Ÿ Received National Happiness
summer internships, the students of Unicorn Awards on 21st Aug 2022,
BVIMSR learn how to work by YOL.
independently, explore crucial topics, Ÿ Institute Received Research Grants
and find solutions. from various government bodies
viz., ICSSR, ICCSR-IMPRESS,
MMS is an extensive program where University of Mumbai, etc.
students are introduced to the corporate Ÿ Institute Received I2OR award for
world from their first year in the form the BVIMSR Journal of Mangement
of guest lectures. In the second year, Research."
they have a full-fledged subject which
includes soft skills, communication Speculating the Future
and other crucial concepts of the While giving her valuable advice, Dr
corporate world for the student's Anjali concludes, "To deliver a ready
growth. The institute organizes various product to the industry in the form of
sessions on Employability Skills, well-developed, nurtured corporate
Group Discussions and Mock executives to cater for the needs of the
Interviews that are taken every week to industry in the best possible way."
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 DKTE Society's
Textile and Engineering Institute
Creating Innovation

S
" cience can amuse and fascinate Developing brilliant minds is the Flourished under the leadership of
us all, but it is engineering that intuition of brilliant institutions, along its Chairman Hon. K.B.Awade,
changes the world,” is a with training them to contribute their DKTE, has seen excellent curricular
statement we all could agree with. fair share to the industry and creating and extra-curricular growth. Under his
more brilliant minds catering to that attentive and vigilant leadership, the
The innovations and the marvels of field. One such institute that has institute focuses on providing students
technology the world enjoys today are changed and stood to the significance with top-notch infrastructural facilities,
the largesse of engineers. of the field is DKTE Society's Textile exceptional career opportunities, and
and Engineering Institute. outstanding academic outcomes that
Contributing to every sector, will help them excel in the future.
engineering has widened its scope and Established in 1981, DKTE Society's
kept up with the global demand, Textile and Engineering Institute stays Communicating with DKTE Society's
specifically in the lifestyle sector. A true to its grail of catering to the Textile and Engineering Institute, we at
huge portion of this sector is the industry's need for skilled technical The Knowledge Review had an
textile, where new technological human resources and being a facilitator insightful conversation with the
innovations have augmented the of knowledge rather than just being a institute management, where the Hon.
industry. provider. Secretary Dr Mrs S.U. Awade
highlighted its journey and how they
are upskilling the industry standard.
 Design Colleges of the Year, 2022

Foundation of Innovative Stronghold

Ichalkaranji, situated in the western
region of Maharashtra, in 1980
experienced the decentralization of the
power loom industry at a very
expeditious rate. With no technical
educational institution catering to the
current need for a technically skilled
workforce, nine co-operative
organizations united under the
leadership of Mr K.B. Awade (Ex.
Member of Parliament) to lay down
the foundation of DKTE Society's
Textile and Engineering Institute in Values at Heart incubation."
1981. DKTE's Textile & Engineering
Institute enjoys a unique and Creating a Mark
The society derives its name from Shri prominent place amongst the With the rapid change in the corporate
Dattajirao Kadam, a veteran leader and Engineering and Management colleges world, it is essential to maximize
an ardent co-operator instrumental in that are engaged in education, training, company values along with keeping its
the textile industry of Ichalkaranji. research, and consultancy in various ethos and morale intact. Considering
disciplines of engineering and these factors, DKTE emphasizes a
Dattajirao Kadam Technical Education management. comprehensive learning methodology
Society (DKTE) came into existence to and tries to create its students as the
start institutes and colleges to cater Presently, the institute has been world's perfect managers.
technical education in the field of providing three diploma courses,
textiles, engineering, and other related eleven undergraduate courses (Five in Being an autonomous institute with A+
disciplines. Textiles while Six in Engineering), NAAC accreditation, the Department
four P.G. courses and Doctorate of Management Studies, with its
programs in engineering, and textiles unique education pedagogies and many
and management studies program. awards, has been recognized by
With around 3750 students and 202 AICTE.
faculty members, the institute is
equipped with excellent infrastructure, There are many MOUs with
spacious buildings, ultra-modern renowned companies signed by the
laboratory machinery and equipment, a MBA department that are beneficial
well-equipped library, and highly for students by providing them with
The changing qualified and experienced faculty and scholar internships, industry guest
dynamics of industry staff. lecture sessions, industrial training,
sponsored projects, and industrial
and society will be Forward to Provide visits. This helps in sharing technical
While talking about the vision, and professional knowledge and
addressed Dr Mrs S.U. Awade asserts, "To be one practical experiences for both the
effectively in the of the leading institutes in technical faculty and students, resulting in the
education and research through best placement records for years. With
future too. academic excellence and innovation, to placement in reputed industries, many
serve the needs of industry and society of the students have been able to set up
through continuing education their own enterprises, to which the
programs, industry interaction, textile incubation center of DKTE
entrepreneurship development, and provides help.

www.theknowledgereview.com | 17 | Dec 2022

 Hon. K.B.Awade
Chairman,
DKTE Society

The institution realizes the overall

development of the student, which
includes additional academics, literary,
cultural, and sports activities offering
avenues for leadership qualities,
decision-making abilities, team spirit,
precision, analytical capabilities, and
socio-psychological awareness,
developing one into an intellectually
mature personality.

Opinion on Indian Business

Education
According to DKTE, past few years
have witnessed the demand for
management education in the presence
of globalization and liberalization. The
institute believes in a strong correlation
between the growth of the Indian
economy and management education
as it plays an important role in
addressing the economic problems,
like population and unemployment,
effectively by opening many career
opportunities for the citizens.

According to DKTE, management

Creating Perfection well-known personalities from the education opens a huge set of
Ensuring equality in education includes academic, industrial and social spheres. opportunities in the services and
creating education facilities that are private sectors. It further believes in
student-centred and provide an DKTE provides guidance to improve management education being helpful in
effective, safe and inclusive learning the student's academic qualities improving the leadership skills of
environment for all. With students through their classroom participation Indian employees, which is essential
spending most of the time in a college and assistance during exam time. for creating Indian global leaders.
environment, DKTE believes in Along with this, the institute has a
creating rapport between teacher and 'Career Development Cell' through Insights into Changing Dynamics of
student, ensuring a positive and safe which students get an opportunity to Education
learning environment. Building a prepare themselves for campus With the world in shackles of
'Mentoring' system for students, DKTE recruitment drives, competitive exams, lockdown, the education system has
allots a faculty mentor to every batch and solving technical aptitudes as per changed dramatically with the
of 15-20 students, who conducts industry requirements. Students also distinctive rise of e-learning, whereby
sessions with students once every two avail of the benefit of 'Foreign teaching is undertaken remotely and on
weeks. These meetings help in language learning' and 'Soft skills digital platforms. With the belief that
scheduling lectures for students by development training' through this cell. the changes coronavirus has caused

Dec 2022 | 18 | www.theknowledgereview.com

 The Most Admired MBA And PGDM Colleges of the Year, 2022

could be here to remain, DKTE Yoga Club' of DKTE were with a CGPA of 3.53 till the
believes in seeing beyond the recognized by Mahatma Gandhi completion of the 2nd Cycle
immediate concerns to what possible National Council for Rural Assessment and Accreditation
solutions for education on the opposite Education' and awarded 'District process subject to NAAC
side of the COVID-19 pandemic. Green Champion 2020-21' by the accreditation dated 09.07.2020.
Department of Higher Education,
Noticeable Achievements, Accolades, Ministry of Higher Education, Envisioning the Future
and Awards Govt. of India. DKTE has been catering to industrial
Throughout its journey of imparting Ÿ Centre of Excellence in Skill needs for the past three decades,
excellent education, DKTE has Development under Eduskill and cultivating the link between the
achieved many noteworthy landmarks. ISTE has been established in the industry and the institution. DKTE has
It has achieved a ranking in various institute, in association with made to the list of reputed engineering
surveys. While describing these academic divisions of corporates institutions by emphasizing value-
achievements of DKTE with pride, I/C including CISCO, AWS, Microchip, based technical education to the
Director, Dr Mrs L.S. Admuthe notes: Blueprism, Paloalto, and RedHat. It aspirants who wish to enter the area of
Ÿ 33rd Place in the Atal Ranking of offers Certificate Courses using a the corporate world and be on the
Institutions on Innovation cloud-based learning management helms in the twenty-first century. The
Achievements (ARIIA) 2020 survey, system, free of cost to any interested institute follows the same footprints in
which was performed by the AICTE individual professional. management education, resulting in
in New Delhi and the Innovation Ÿ The NAAC has accredited the creating its own niche by offering
Cell of the Ministry of Education of institute with an 'A+' Grade (in 1st quality management education and
India. cycle) with a CGPA of 3.53 for the meeting the expectations of industry
Ÿ Praxis Media, New Delhi, presented duration of 23rd Jan 2017 to 22nd and society.
National Education Excellence Jan 2022. On the request for
Awards on 30th June 2020 to the extension of NAAC Accreditation, As DKTE says, "We at DKTE are
institute, recognizing it as the 'Best the institute has received an email very much sure that the changing
Private Engineering College in from NAAC granting extension in dynamics of industry and society will
Maharashtra'. the validity period of accreditation be addressed effectively in the future
Ÿ The endeavours of 'Nature and with the existing 'A+' Grade and too."

www.theknowledgereview.com | 19 | Dec 2022

 How

is
Beneficial for

T he business world is evolving

rapidly, and it is becoming
more and more important for
employees to have an understanding of
STEM fields. STEM learning can be
STEM learning is an essential concept
in the field of management studies
because it is an approach that uses the
principles of science, technology, and
mathematics to solve real-world
to develop technical skills that are
essential in the professional world.

Transforming Management
Education
beneficial for many fields, but the most problems. STEM education emphasizes the
notable ones are management and importance of imagination and
education. STEM learning is expected It involves an interdisciplinary creativity in the field of management.
to continue to grow in the 21st century approach to education, which allows The ability to be inquisitive, creative,
and is considered to be a key skill for students to apply their knowledge of imaginative, and think 'outside the box'
success in the future. Hence, there is a STEM-related concepts to real-world to resolve complicated problems is
need for STEM learning for scenarios. STEM learning encourages encouraged by STEM education. It
management academia, which leads to students to think critically and also has the potential to encourage
a better understanding and appreciation creatively and to explore the potential students to think critically along with
for innovation. of a new solution. It also helps students creatively towards how to solve

Dec 2022 | 22 | www.theknowledgereview.com

Advanced Management Pedagogy
problems and explore the potential of Finally, STEM learning helps to part of the curriculum. It is beneficial
new technologies. prepare students for the future. In for students, as well as future business
today’s ever-changing world, it is vital professionals.
STEM education also promotes the for students to develop the skills
usage of technology by keeping needed to succeed in their chosen STEM learning has the potential to
students up to date on technological profession. transform the way the management
advancements and giving the assurance industry is perceived and implemented.
to pick up and use new technology, as In order to successfully implement With STEM learning incorporated into
technology is continuously evolving. STEM learning in the curriculum, it is management studies, it encourages
crucial to develop strategies for students to think critically and
Experiential learning is extensively integrating STEM learning into the creatively and to explore the possibility
emphasized in the STEM educational syllabus. of new technologies.
curriculum. Students that participate in
STEM-related activities are Furthermore, it is essential to provide Additionally, STEM learning provides
encouraged to take calculated chances, opportunities for students to explore students with the opportunity to
try new things, learn from their new technologies and think critically develop the skills needed to be
mistakes, and develop better ideas, as about how to use them in the field of successful in their chosen profession.
all of these are an integral part of the management. In order to successfully However, in order to successfully
solution-oriented field of management. implement STEM learning in the field implement STEM learning in the
Frequent experimentation promotes of management education, there are classroom, it is important to develop
patience and fast thinking while also several best practices that can be strategies for integrating STEM
assisting in the development of followed. One of the most important learning into the curriculum, provide
resilience. best practices is to create a learning resources and support to teachers, and
environment that is conducive to measure the impact of STEM learning
Furthermore, STEM learning also help exploration and creativity. Teachers on students’ learning.
students to develop their can create a learning environment that
communication and collaboration skills encourages collaboration, exploration, Using STEM learning for management
to some extent. By working on and critical thinking. Additionally, education has the potential to unlock
interdisciplinary projects, students are teachers can develop projects that its transformative potential. By
able to gain a better understanding of allow students to explore the principles creating an environment that
different perspectives and develop their of STEM and apply them to real-world encourages exploration and creativity,
skills in problem-solving, scenarios. providing students with resources and
communication, and collaboration. support, and measuring the impact of
Additionally, STEM learning In conclusion, STEM learning is an STEM learning on students’ learning,
encourages students to explore new education method that is gaining in teachers can ensure that students gain
technologies and think critically about popularity in management and business the skills needed to be successful in
how to use them in the field of education. The focus of STEM their chosen profession.
management. learning is to provide a comprehensive

Dec 2022 | 24 | www.theknowledgereview.com

 Learning Have the
Does Online

Potential to Change
the Entire Education System?

T he pandemic situation all over

the world has boosted up the
concept of online education.
Rather, it was the only way to keep the
students learn continuously. Online
anywhere, they can learn at any time,
they can listen and view the lectures
many times and majorly students can
have education in less cost. Even
teachers point of view they can impart
accessed through the click of a link,
there are problems related with
electricity, internet connections,
range of internet, audio or video
play, volume and clarity of the
platform has been chosen to impart the their lectures and facilitate the students screen.
education right from the primary level being at any place and at any time. It is
to the post-graduation level. In spite of true that online education is Ÿ Online Teaching and Learning
many hurdles the education continued convenient, flexible, affordable and can Give Rise A Sense of
in this pandemic period only because time saving. Though online teaching Isolation:
of the concept of online education. It is and learning seems to be much Every student is unique. Learning
agreed that the technology of having comfortable and has many advantages, patterns are different. Some
education online is absolutely a boon it does have many disadvantages. students possess the ability to work
in the field of education. The education Online education can be the part of independently, while others find
system having major three activities, education system, wherever, it is comfort with their friends on
viz., admission process, teaching and suitable but it definitely does not hold campus. Many students wish to
learning process and the examination that much potential to change the entire interact with their teachers face to
system and result has really faced education system. face physically. Offline education
enormous problems during pandemic. inspires the students to learn some
But, hats off to the technology of Online education has its own issues basic principles of coordination,
online education which helped to have which when compared to the offline cooperation, team work, team spirit
all these three activities flow smoothly education seems to be not that and belongingness which add
in spite of many hurdles. effective. The following are the values to the lives of students as
foremost disadvantages of online well as teachers. Online education
The decline in the situation of education. promotes the isolation and that can
pandemic slowly made way to have the turn into major psychological
offline education again. Many Ÿ Online Education has Many problem.
educationalists and the students started Technical Issues:
giving opinion about online and offline The major disadvantage of online Ÿ Online Teaching and Learning
education. The discussion on online teaching and learning goes around Requires Self-discipline and Self-
education vs offline education is technical issues. Nothing destruct control:
unending. Undoubtedly, online online education more than audio, Being part of a community and
education has the major strengths as video, or connection issues. physically attending classes
students can have education being Though online classes can be increases accountability. If

Dec 2022 | 26 | www.theknowledgereview.com

 Expert’s Opinion

Prof. Pravin S. Jadhav

About the Author

Prof. Pravin S. Jadhav is presently working
as Assistant Professor at D. K. T. E. S's Textile
& Engineering Institute, Departmentof
Management Studies. He has completed his
post-graduation in Retail Management from K J Somaiya Inst.
of Management, Mumbai and holds Engineering in textile. He
has over 20 years of industrial and teaching experience. With
his innovative rigor and keen interest in the area of research,
he has got number of research papers published in
international and Scopus indexed journals.

students do not feel that they are not Ÿ Online Learning Requires Much made entertainment just a click
given the proper guidance, they Digital Connection Giving Rise to away from educational material.
may not try on their own to fully get Health Problems:
engaged into learning. Moving to Online learning very badly Ÿ Online Learning Requires
offline education and attending the contributes to the health problems Additional Training:
school or college physically, adds a as one has to be in front of screen Online classes requires extra effort
greater sense of accountability. more. Excessive screen-time can on teacher’s behalf to create and
Tools like live quizzes, one to one foster to all sorts of physical make the students learn a
interaction, teaching through games problems. Headache and bad successful online course.
and sessions of hands on experience physical posture are the major Instructors need to be trained to get
help the students understand better. results of digital connection. a deep learning of the different
Offline lectures encourage group Internet has triggered up to distract approaches to teaching and learning
activity. students with social media and has online. It’s a great challenge to all

www.theknowledgereview.com | 27 | Dec 2022

 Mrs Vidya S. Gurav

About the Author

Mrs Vidya S. Gurav at present working as
Assistant Professor in Department of
Management Studies in D. K. T. E. S's Textile
and Engineering Institute, Ichalkaranji. She
has completed MBA in Marketing management. She deals and
contributes into the area of marketing management, business
communication and professional ethics since 15 years. The
major area of her research is marketing.

the stake holders of the educational year to 10 years can never be Though teaching and learning takes
institute to create artificial environment successfully taught the subjects in place online it’s very difficult to
of teaching and learning. Teachers as an online mode. It's not only about give justice to the students through
well as students need proper training to teaching the subjects to them but online exam sitting at their own
handle the technical aspect of online it’s about molding them with places. The competitive exam,
teaching and learning. The values. The medical field of exam related to get admission to
combination of all required new skills education, the field of education various courses and some
for online education are so challenging where in practical knowledge has competition related exam if
that its bit difficult to train all to be rendered like aerospace allowed to give online from the
successfully! engineering, laboratory related students’ own places then the result
courses etc can never be taught cannot be fair enough.
Ÿ Some of the Field of Education online.
can Never Be Successful with Hence it can be concluded that though
Online Education: Ÿ Exam and Evaluation Online online education has its own plus
Primary education where in little cannot Give Justice to the points it does not hold the potential of
students of the age group from 3 Students: changing the education system.

Dec 2022 | 28 | www.theknowledgereview.com

 St. Francis Institute
of Management & Research PGDM

“To manage is to forecast and plan, to Today, modern-day managers follow his However, the major difference between
organize, to command, to coordinate principles and learn more management the MBA and PGDM programs is the
and to control. To foresee and plan pedagogies, and students start gazing at approval, since MBA is approved by the
means examining the future and various courses related to management UGC (University Grants Commission)
drawing up the plan of action.” and end up finding MBA as the best and PGDM is approved by the AICTE
course for management studies. (All India Council for Technical

D o you know who has cited this

great quote for managers
worldwide? It indeed is Henry
Fayol, who is still a renowned
personality in this highly advanced
H o w e v e r, i n c h a n g i n g b u s i n e s s
paradigm, there are other specialized
management courses, i.e., PGDM,
which have been introduced for aspiring
future managers moving ahead in the 21st
Education). Moreover, the curriculum of
MBA is fixed, whereas PGDM provides
practical-based learning to the students.

Although, after acknowledging this fact,

corporate world! century and newly introduced web3 many prominent management institutes
transition. have now begun promulgating the
He is considered by many as one of the PGDM course in various
great managers of all time, and he Similarly, have you ever wondered why specializations. Thus, the St. Francis
mentioned 14 management principles in there is a need for a PGDM course? And Institute of Management and
his book ‘Administration Industrielle et how MBA and PGDM courses are Research PGDM recognized the
Generale’ for being a good manager in different from each other, and when both demand for management studies in India
any organization. He is also known as the courses help you to indulge and established its institute in 1901.
the 'Father of Modern Management managerial skills?
Theory.' While perceiving the fundamental need
for the studies, Bro. Paulus Moritz, the
Founder of the institute, aimed to
provide management education to poor
and underprivileged students.

In an Interaction with The Knowledge

Review, Bro. Alphonse Nesamony, the
current Chairman of the institute,
shared his valuable learnings and
experiences throughout his educational
career and also notified us of the future
goals of the institute.

The Story Behind the Institute

In 1901, Franciscan Missionary
Brothers Rev. Bro. Paulus Moritz
founded the Congregation of the
Missionary Brothers of St. Francis
Group of Institutions, and its
International Organization is
headquartered at Borivali (West),
Mumbai. The institute was established
with the vision of reaching out to poor
and underprivileged students.

Bro. Paulus Mortiz was appointed as the

first Superior General of the
Congregation of the CMSF. He had
tirelessly worked for the welfare of the
brothers and the missions, where his
famous dictum was: "As long as you
look after the poor, God will look after
you!"

It was a relentless pilgrimage for him

and his early companions in the mission was called for his eternal reward on 19th ASSOCHAM (Associated Chambers of
of the Lord, serving the poor and needy November 1942. After a brief illness, Commerce and Industry of India) and
at all costs in the villages of the entire which he joyfully accepted as a prelude All India Christian Higher Education
country, wherever, they had been called to his heavenward journey. and Xavier Association of Management
to from 1901 till date, the inspiration of Institutions.
the then founder still continues in the A Pedagogical Scholar
Brothers' Love and Service to the Bro. Alphonse Nesamony is the current Creeds and Insights of the Institute
Indian people and beyond. Chairman (Head of Administration) of While highlighting about the institute,
St. Francis Institute of Management and Alphonse enlightened us with the vision
Starting missions all over India, guiding Research PGDM. He completed his and core values and ethics of the institute
the brothers through many vicissitudes education in fields such as Dip. and cited the vision and mission-
and storms for more than four decades, Philosophy and Theology, BA, MA,
Bro. Paulus Mortiz relinquished the PGDM (General Management). "To flourish as a seat of learning of
office of Superior General in 1941. He international standards for developing
After completing his education, an entrepreneurial class of value-based
Alphonse also worked abroad in industrial leaders empowered with
Germany for eight years and techno-managerial competence to
Switzerland for two years as an admin sustain innovation for building a global
executive and regional councillor. After business of the future."
that, he taught in the (North- Zone)
institutions for eight years and Making the vision, the institute has a
The mission of previously worked in schools, hospitals, mission and strategy to fulfil it. While
SFIMAR’s PGDM higher education, and province
administrations for 24 years.
asserting the mission, Alphonse said,
"To enter the realm of globally
Programme is successful B-schools by imparting
‘Creating He has been a member of professional
bodies like IMC (Indian Merchants
value-based education for creating
responsible and thoughtful citizens who
Transformational Chamber Association) Chamber of would lead the world by example and
Leaders’. Commerce and Industry, Bombay
Chamber of Commerce and Industry,
e x c e l t h ro u g h i n n o v a t i o n , a n d
entrepreneurial spirit and a
Education Promotion of India, humanitarian attitude."

www.theknowledgereview.com | 31 | Dec 2022

 business schools are striving hard to
provide quality education to students.

With the onset of COVID-19, the use of

data-driven digital platforms has
increased and changed the landscape of
education across the world. The
business education model in any country
requires a balanced blend of technology
and the economy.

Indian management education is

grooming students globally as various
B-schools have incorporated one
foreign language and preached human
values or cultural studies for students to
understand the dynamics of people and
their behaviour across the world.

While saying so, Bro. Alphonse further

said, "The recent AICTE initiative to
collaboration with companies to impart
training to students is supporting the
industry requirement of exposure to
practical experience that is helping
students to develop their analytical
skills."

He further adds, "The Indian education

While conversing about the quality Education is one of the most important system has undergone a massive change
policies of the institute, he also shared factors for the economic development of and the growth prospects. The system
the Program Educational Objective any country. Professionally groomed can completely transform the future of
(PEO) Statements and asserted that, and trained employees are the backbone business education in India. With the
Ÿ To impart knowledge of basic and for the growth of the business and various approaches and initiatives taken
advanced concepts of Business industrial sector of any country’s by UGC and AICTE and adapting
Management and application of their economy and progress. flexibility and industry tie-ups would
tools and techniques for local and create students with high calibre and
global business practices. Business education in India has served skills."
Ÿ To equip the students with techno- as an anchor to the progress of the
managerial skills and business sector. The reputation of Dynamic Changes in Global
entrepreneurial skills to progress as management schools has significantly Education
business leaders and entrepreneurs. grown and contributed to creating SFIMAR adopts student-centric
Ÿ To instil students on socially humans as a right asset and indulging techniques to impart practical skills in
acceptable values and business ready-to-work skillset in Indian their teaching and learning pedagogy for
ethics for developing responsible students. their PGDM program. The institute has
citizens. strong industry tie-ups and
It has been further seen that collaboration, which made them adopt
Indian Business Education globalization in India is pushing the dynamic programs that are competitive
Increasing its Economy transitions in education, and thus, to impart quality education.

Dec 2022 | 32 | www.theknowledgereview.com

 The Most Admired MBA And PGDM Colleges of the Year, 2022

While highlighting the dynamic changes After sharing the most valuable features
Bro. Alphonse enlightens us with a few which make the dynamic changes, Bro
Business schools of the institutes' features which make the Alphonse stated that, "Business schools
SFIMAR's PGDM an outstanding should take advantage of autonomy
should take program, and the features are as follows: being provided under the NEP to
advantage of develop innovative teaching and
Dynamic Curriculum- The institute learning methods in close collaboration
autonomy being has a robust and industry-connected with industry leaders in order to provide
provided under Academic Advisory and Board of productive and employable resources."
studies for updating the syllabus as per
the NEP to changing business scenarios. He further added, "According to late Dr
develop innovative S Radhakrishnan, the First Vice-
Experiential Learning- Let students president of India and a renowned
teaching and practice learning from failures using teacher guiding the motto of an
learning methods simulation and management games. The education system, and that should be the
experience of taking management development of personality and faith,
in close collabora- decisions and getting to debrief the formation of character, cultivation of
tion with industry results will sharpen their social, moral, and spiritual values.
implementation and teamwork skills.
leaders in order to Ultimately the combination of both hard
provide productive Ownership and Leadership- Create domain skills and soft skills would
opportunities for leadership strategies transform students into resources that
and employable that motivate and inculcate ownership of meet the requirement of industry and
resources. responsibilities. Let students build on draw respect from society."
their abilities to take independent
decisions.

www.theknowledgereview.com | 33 | Dec 2022

Advancements in Management think pragmatically and act swiftly to I n d u c i n g G ro w t h i n L e a r n i n g
Education implement application-based Environment
The PGDM Three Dimensional (3D) is knowledge in problem-solving After noting the impact of the PGDM
one of the most coveted programmes complex organizational issues. course, Bro. Alphonse also shared the
launched in the year 2012. Since, the Ÿ Regular industry interaction with institutes instilling growth in their
formative years of its inception, the experts drawn from the industry learning environment and mentioned a
institute has been consistently striving to brings knowledge related to few learning activities with us-
produce industry-ready graduates, who contemporary developments in their
can perform leadership roles in a respective fields. Peer to Peer Learning- A peer tutor
volatile, uncertain, complex, and Ÿ International industry visits increase concept boosts the classroom learning
ambiguous (VUCA) environment. knowledge about Global firms and process and makes it more interactive
best management practices. In- and interesting.
While sharing the gigs that majorly bound field visits to best-in-class
created a positive impact on society, organizations foster the learning Mentoring- SFIMAR allots a mentor to
Bro. Alphonse said, "The mission of process through observation and each student, which transmits informal
SFIMAR’s PGDM Programme is obtaining knowledge of excellent knowledge, and social capital and also
'Creating Transformational Leaders.' practices. provides emotional support to the
We aim to create well-developed leaders Ÿ Highly affordable and subsidized students. The Mentor helps them to get
with functional, sectorial and fees provide the opportunity to relevant work, career, or professional
leadership orientations." students from diverse social development.
compositions to benefit from the
Functions which make the 3D PGDM unique. Guest Lectures- Students get an
Programme of the institute stand out- opportunity to learn from the real-life
Ÿ Project-Based learning enables the Many essential functions enrich the 3D experience of the speakers. The institute
student to develop intellectual and PGDM Programme of the SFIMAR. encourages bringing in alumni as guest
innovative abilities that help them to speakers, which helps in strengthening
the bond and getting sheer confidence by
hearing from them.

Project Based Learning- To leverage

the advantages of this teaching-learning
method, the institute initiated a
'Project-based learning approach' in its
pedagogy in the academic year 2016-
2017. This approach was introduced at
the Institute’s IDEA Meeting (Meeting
of Innovation & Development for
Excellence in Academics) at the
beginning of the academic year.

These are the few activities of the

institute, and many essential ones have
been induced to enhance their learning
environment, such as Preparatory
S e s s i o n s , C o u n s e l l i n g F a c i l i t y,
Orientation Programme, Student
Engagement/Capacity Enhancement,
Analysis of Data, Eminent Speaker
Series, Collaborative Learning,
Experimental Learning (Summer and
Winter Projects).

Dec 2022 | 34 | www.theknowledgereview.com

 Modern-Day
Magt
Education Enriching
the
GLOBAL ECONOMY

he world is going through a

period of rapid change in terms
of technology and
globalization. As a result, the
traditional methods of managing
businesses need to be more competent.
This is where modern-day management
education comes in. Management is an
integral part of any business or
organization and is increasingly
becoming a critical part of the global
economy; hence modern-day
management education system is
rapidly evolving.

Because it has a number of benefits for

businesses and organizations, it can
help to improve decision-making and
problem-solving skills, as well as
enhance communication, collaboration,
and leadership abilities. It also helps to

Dec 2022 | 36 | www.theknowledgereview.com

 Enriching Organizations Culture

www.theknowledgereview.com | 37 | Dec 2022

increase productivity and efficiency, as numerous school networks, which can Also, Augmented Reality (AR)
well as improve profitability and be a great resource throughout their applications are making their way into
customer satisfaction. professional lives. course assignments and presentations
to demonstrate product concepts,
Modern-day management education is Nowadays, technical automation, such similar to how it is utilized in
a type of professional training that as online learning platforms, is also marketing to provide clients with an
equips business and organizational freeing up management education time immersive simulation experience. VR
leaders with the skills, knowledge, and and resources, allowing educators to applications and devices have been
tools they need to manage their focus on real-world people used to build leadership and soft skills,
enterprises effectively. It encompasses management. Many of their regular and this is anticipated to become more
a variety of topics, such as leadership, tasks could be automated, which could frequent in the near future.
strategy, organizational dynamics, and change the student’s learning.
technology, and can be tailored to the Lastly, assessments are increasingly
specific needs of different businesses For management study, online learning being conducted online so that
and organizations. platforms, including specific participants can complete them in their
equipment such as interactive leisure time, while also reducing costs
Modern-day management education whiteboards, have been used to share through space optimization and manual
also helps to develop a better content, permit assignment evaluation processes. These tools can
understanding of the global economy, submissions, conduct objective indicate occurrences that require a
as it teaches students how to think evaluations, and deliver courses. human evaluation by the evaluator to
strategically and manage global Despite, the increased flexibility and discover errors. While existing
markets. It also helps to develop a reach of campuses, this trend is likely techniques are used to check for
better understanding of different to continue for ordinary academic plagiarism, emerging Artificial
cultures, as it provides a platform for programs and executive education Intelligence (AI) capabilities are used
international collaboration. It helps to programs. Innovations in this area are more widely and efficiently across all
create a more competitive and efficient anticipated to continue, allowing more contributions by participants.
market, as it teaches leaders how to and more executive education
make better decisions and manage programs to be offered online or in a Today, management education is
resources more effectively. hybrid mode. helping to foster collaboration and
innovation, as it encourages leaders to
Modern-day management education Management institutions, like any think outside the box and develop
also helps to create more stable and other organization, require business creative solutions to problems. It
prosperous economies, as it encourages process management software, promotes a more equitable and
leaders to think more strategically and dashboards with rich visualizations, inclusive global economy, as it
develop long-term plans. Finally, it projections, and prescriptions, encourages leaders to foster diversity
helps to create a more equitable and actionable insights. In this sense, and inclusivity in their organizations.
inclusive global economy, as it teaches management students can benefit from
leaders how to foster diversity and decisions such as buy vs customize vs Modern-day management education is
inclusivity in their organizations. build, which one to buy or how to having a profound impact on the global
create. Solutions might range from economy. It helps to create more
New trends in Management commercially available Enterprise competitive and efficient markets,
Pedagogy Resource Planning software to custom- reduce costs, increase profitability, and
The current trend in management built student lifecycle management create more stable and equitable
education is that it provides systems. Customized low-code, no- economies. Additionally, it is helping
participants with more opportunities code applications for individual needs to create new jobs and career paths,
and higher self-confidence to hold are anticipated to become more foster collaboration and innovation,
high-level managerial roles. It allows popular. and create a more inclusive global
them to take advantage of the economy.

Dec 2022 | 38 | www.theknowledgereview.com

 EPIC
EPIC
k e
a
M IT

Let your
Imagination
Run Wild