In today’s world there is an environment of constant change. Volatility, uncertainty, complexity and ambiguity (VUCA) is everywhere. The need for speed in everything is increasing. Business is also no exception to this. Established business companies, start-ups and unicorns are now in demand for technical skills and flexible professionalism. During the pandemic, the business operations, IT systems and digital capabilities of most of the organizations have seen a tremendous participation. In order to sustain itself in the market, the strategy, culture and leadership of organizations undergo a 360 degree change.
Meanwhile the digital revolution has further complicated the business environment, with the latest trends such as Machine Learning, Artificial Intelligence, Mechatronics, Cryptocurrencies, NFT (Non Fungible Token) marketplaces and a wide range of career opportunities in a wide variety of other things. Has the potential to open the field. New trends like the Metaverse have radically changed the way we and our colleagues around the world sit together and conceptualize networking and teamwork.
According to the KPMG 2021 CEO Outlook Pulse Survey, around 74 percent of business personalities admitted that they have already digitized their business operations. These conditions have had far-reaching effects on ‘job-seekers’ and ‘job seekers’ alike. Location is no longer a barrier for employers. The ‘Work from Anywhere’ revolution has provided employers with a worldwide talent pool.
Companies no longer need to compete for competent employees in specific geographies, nor do they need to spend huge amounts on employee transfers. Because now they have the option of getting skilled and talented people anywhere in the world and that too at very low cost.
However, it is really a double-edged sword for the employees, as most of the current jobs will be redundant tomorrow, while most of the new jobs that will open in the future are not present today. In the coming years, several crore new candidates will be competing to enter the job market in an environment of cut-throat competition.
The most important thing in this environment is that if a student does not have new technical skills and abilities, he cannot be successful in the competition for new kind of jobs. In today’s digital age, it is the prime responsibility of the teachers to prepare the student suitable for the opportunities as well as the innumerable challenges being faced by them. And budding professionals will have to master the skills needed for their further careers.
Our governments also expect us to have higher education institutions produce graduates who are ‘for work’ and who can contribute to the economy. Unfortunately, statistics show that most of the existing educational institutions are producing students who do not have the vocational skills required for the job market and are passing through only bookish knowledge or academic subjects.
In keeping with its 32 years of legacy, IMS Ghaziabad has always laid emphasis on teaching, training, research and mentoring to equip young minds with 21st century workplace skills. Here the focus is on developing content skills, cognitive ability, complex problem-solving ability, social skills and environmentally conscious thinking in the students, in line with the need to develop skilled and trained professionals for Industry 4.0.
Several new and innovative initiatives for skill enhancement like Value Added Certification Programme, Value Added Short Term Training Programme, Innovation Center and Entrepreneurship, Student Outreach, Competency Mapping; Initiatives to develop life skills; Professional Skills Programs, Mentoring, Student Psychological Counseling Programs, Department Clubs; Corporate preparedness initiatives like Placement Readiness Enhancement Programme, CSR activities, Pre-Placement Preparation Committee, Corporate Interface Series; global interface initiative through exclusive talk series, global academic collaboration, international study travel; Corporate interface initiatives like Corporate Development and Center of Excellence, AICTE sponsored events, conferences and many other PGDM events etc. are organized.
Based on Bloom’s top-of-the-line system of taxonomy, our curriculum is constantly updated in collaboration with industry and academia to meet the dynamic needs of the business environment. With the objective of promoting research, bringing quality in the education system, the institute works closely with and has tied up with several reputed national and international organizations. Special emphasis is given in critical areas such as preparing the young generation to meet the needs of today’s age, inculcating in them the ability to learn and acquire new information and to acquire knowledge and skills.
Students have to understand that developing the quality of learning is the need of the hour. Knowing this will enable them to understand uncertainty and use past and present experiences wisely to find their way into new situations. Moreover, it is extremely important that the students, who are the future of our country, spread their wings freely without any limits, so that they can experience the vastness of the potential hidden within them. Emphasis is placed on work and training to make youth feel that they are capable, have potential and are capable of taking on challenges bigger than themselves. If the younger generation is kept away from it, it will only sow the seeds of social instability.