Success in Management comes through understanding People
Success in management comes by understanding and managing fellow men, K.Venugopal, Joint Editor, The Hindu & Business Line, said on Monday.
Delivering the inaugural address at a function organised by Kamban Engineering College, Tiruvannamalai, to mark the start of MBA program at the college here, he said, “I believe that the word ‘Tiruvannamalai’ is derived from the hill that dominates this place. In ancient times “Annamalai” means inaccessible mountain, that is, a mountain that could not be climbed.”
In India, graduation is still like an Annamalai for many, that is, inaccessible and unreachable.
There are nearly 20 million boys and girls; however, only one in seven is lucky enough to go to college. Some students drop out even before Class X, some may have passed Class X but do not continue after that.
Some students may pursue till Class XII and then discontinue their studies.
Only a few complete their degree course, he said. “So, you are the elite of society. You have climbed the ‘Annamalai’. By next year you would conquer it”, he observed.
Mr. Venugopal said that the country had the largest population of youngsters in the world. But what is seen as a blessing can easily turn into a curse if we cannot find employment for youngsters.
The population in the 15-24 age group grew from 175 million in 1995 to 190 million in 2000 and 210 million in 2005. It increased by an average of 3.1 million a year between 1995 and 2000 and 5 million between 2000 and 2005.
In 2020, the average Indian will be only 29 years old compared to 37 in China and the U.S., 45 in western Europe and 48 in Japan.
He said former President APJ Abdul Kalam once said that it was not the government that could create all those jobs, but entrepreneurs who start businesses.
“It is here you come in. You are all going to become managers, managers of not just businesses, but managers of people. You are going to create jobs for millions and you will have the power to change the destiny of the nation”, he added.
“You will learn about the nitty-gritty of running businesses, about laws and regulations that concern businesses, all that you will get from your textbooks and lectures. But what you will need to learn yourself is that success in management comes through understanding and managing your fellow men and women”, he said.
Principal T.G. Palanivelu delivered the welcome address.
Managing Director of the institution Dr. E. V. Kamban delivered the felicitation and M. Raja, in-charge, Department of Management Studies, thanked participants.
Dr. Kamban, at a press conference that followed, said that 50 students joined the MBA course out of 60 seats sanctioned and expressed hope that the rest of the seats would also get filled.
“We plan to invite eminent teachers, personalities from across the nation and the world to deliver guest lectures to our management students, about 70 per cent of whom are from Tiruvannamalai district. We plan to start a language lab, especially to serve MBA students and contemplate to sign MoUs with multinational companies to find placements for our students.” he added.