Global Institute of Business Studies in
Bangalore has been phenomenally successful in delivering high quality MBA and
PGDM postgraduate degrees and diplomas. In addition, GIBS offers graduation
courses via BBA and BCom. Affiliated to
Bangalore University in Karnataka and Bharathiar University in Tamil Nadu, the
courses are recognized by UGC and AICTE. Several awards and honorable mentions
by prestigious organizations each year indicate that GIBS is constantly on the
move in the march towards quality business management education. The institution
truly deserves a global reputation and the links with educational organizations
abroad, the foreign faculty and students
from several countries, highlight the international exposure that has nowadays
become essential for corporate success.
A business-oriented universe
In the ultimate quest of materialism,
people have become excessively money minded nowadays, partly because incomes
have increased as a result of greater enterprise and productivity. That makes a lot of business sense since no
task is undertaken unless some reward occurs in terms of incentives, products
or services. It may be a pity that wars and terrorism are also looked upon as
business ventures, but big money is involved.
The same business principles apply to the manufacture of baby food and
toys as they do to the production of real guns.
A
changing business culture worldwide!
While the syllabi and the curricula of business
schools have remained unchanged for decades perhaps, as far as the guiding
principles of business are concerned, change is everywhere. Money, workers and
materials remain at the forefront of any enterprise large or small, whether
manufacturing products or delivering services. What brought about the change?
The answer obviously is the coming of technology and software, the internet and
the rise of online businesses. Now that
so much of the action and the revenue have shifted online, perhaps things are
getting simplified which it certainly is in many senses.
The rise of the machines
While it is not a film story we are
discussing, some of the science fiction movies do depict reality! If duties can
be done by automation, why should workers be paid? If cars can drive
themselves, why not have driverless cars? Partly, robots are driven by demand.
It is estimated that America, that thrives on huge trucks for transportation of
goods, is short of 50,000 drivers. The answer is obvious that robots could do
the work with the minimum of fuss or error.
It all sounds like fiction all right.
Robots serving as waiters in Japan, robots working at car assembly plants and
now a robot granted citizenship by Saudi Arabia. The world in general is
getting quite mechanical too, human lives being dominated by all kinds of
gadgets that run on technology. Even a child plays with devices within a few
months of birth and has an instinct for them.
Mega companies are laying off human
workers!
What is intensely alarming is that many
people are slowly losing their jobs. Taking orders online and processing
invoices can be done by robots and people are not required. Restaurants can
wait on tables with robots. The reception services in a great variety of
organizations can be managed very well by robots. It may be hard to believe
that Walmart replaced 7000 employees with robots while Foxconn did the same
with 60000. What are the idle workers going to do now?
What is the secret?
How was it all possible? Augmented
reality and artificial intelligence, automation and reliance upon software and
hardware systems did the trick and the process is getting better each day. Programming is the simple answer by means of which
sophisticated calculations and tasks are achieved within seconds or minutes
with minimum chances of failure.
Aim for higher business degrees
The truth is that mechanical jobs can be
accomplished by robots. Will it be possible for robots to take business
decisions that require a great deal of thought? Though development is ongoing,
it is almost certain that the higher executive level jobs in business would be
beyond the capability of a robot or automation. Can we imagine a robot as a CEO
or Director of a MNC? Humans do need the services of robots, but probably the
robots will not overtake the humans who created them.
It is better to aim for higher positions
in the business sector on a managerial level. Low level jobs can be done by
robots and human workers in the future will not be required. Even today,
automated counters are used to facilitate the payment of bills and even over
the phone. ATMs across the world do tasks that were earlier done by human
workers at a counter. Shops at airports and public spaces that sell lingerie
and dispense DVDs are automated very successfully.
The future belongs to well qualified
business managers who can work at the higher executive levels where decision
making is involved. Whether two companies should merge is a decision that a
robot cannot take, though the processing of information would be done very well
through software. Big data has to be managed by human workers, though collected
by software.
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