Look who is back in classrooms to learn business skills - govt officials

Top officials of public sector companies and government departments have decided to go back to school to sharpen their leadership skills.

According to an Economic Times report , government sector organisations are investing heavily on leadership development and are sending public sector bank officials, IAS and IPS officers to prepare themselves for future challenges in a fast changing economic and market environment.

The ET report notes that 30 executive directors of public sector banks attended a three-day workshop at the Indian Institute of Management, Kozhikode, (IIM-K) in May where they discussed economic, social and political changes.

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And it’s not just bankers. Freight Corridor Corporation of India, Life Insurance Corporation of India,and National Hydroelectric Power Corporation have all been sending their officials to B-schools.

In fact, IIM-K has conducted several programmes for Indian Army, DRDO, National Academy of Defence Production, Indian Ordnance Factory,Bharat Electronics,NTPC,NHPC,Power Grid Corporation, and the Department of Atomic Energy among others.

In view of this development, top B-schools are also arranging for workshops especially for government officials. This has, in turn, given them the opportunity to earn more revenue.

IIM-Bangalore held 23 programmes for government and public sector officials in 2012-13 and its revenues from these events almost doubled to Rs 10.77 crore from Rs 5.77 crore. ISB’s revenues from such programmes have increased to 20 percent from 12 percent in the last three years.

With a slowing economy, it seems state organisations desperately want their top leaders to act quickly, ensure growth and contain losses in a dynamic business scenario. Sending the top officials to B-schools may just be the first step in preparing them for bigger challenges.