INTERNATIONAL JOURNAL FOR EMERGING TRENDS IN ENGINEERING AND MANAGEMENT RESEARCH

(IJETEMR)VOLUME II, ISSUE II- JUNE 2016 ISSN NO: 2455-7773

“To Study the Industry-Institutes Interface with Reference

to Management Education in RTM Nagpur University,
Nagpur”
SHAHARE PADMAKAR
Assistant Professor – MBA Department
Govindrao Wanjari College of Engg. & Tech., Nagpur – 441204
RTMNU, Nagpur University, Nagpur (Maharashtra - India)
padmakars21@gmail.com
Mobile No: +91 - 9765900862

industry and institute is now widely recognized. The

Abstract: Interaction between institute and industry is
widely recognized as an essential requirement to train
and develop the right kind of technical manpower
necessary to sustain and promote industrial and
economic growth. Interaction with industry is the need
of an hour.
With the advent of globalization and opening up of
Indian economy to outside world, competition among
the industries has become stiff. So industries also need
good students who are well aware of industry standards
and capable of achieving so. Therefore there is an urgent
need of interaction of industry and academics where
academic institutes can prepare students for jobs in
multinational companies and industry will also be
benefited by possibility of receiving well-trained
workforce. This paper is emphasis on objectives of
industry institute interaction and whether RTMNU is
trying to bridge the gap between industry and
Management Institutes in Nagpur University.
Keywords: Industry, Management Institutes, Skills etc.
INTRODUCTION:
Management Education which is a major indicator of
social change in a society and strives to churn out
knowledgeable individuals who will contribute to the
society actively, find employment and develop a positive
attitude towards life. But now higher education is on the
crossroads. There is very little linkage between what is
taught in academic institutions and what is required in
actual field of employment. Hence there is great need of
an efficient Industry Institution Interface. We need to
look increasingly to how academic institutions can work
in collaboration with each other to advance the process
of innovation across all industry sectors.
Management education forms the backbone of
development of a nation. Industry is the major consumer
of technical institution product. The real requirement of
industry will be explored only through effective
interaction with them and Interaction between the
industry is poised to face Global competition,
Unemployment & underemployment. A good & vibrant
Industry institute Interaction is always required by both
sides.
Management students of RTM Nagpur University is
facing problem of unemployment tremendously and on
the other hand industries are complaining about
inadequate availability of skilled human resources. For
students it is important because they get exposure to
industry and subsequent placement in various
disciplines.
Literature Review:
According to Elliot et al. (1994) MBA programmes
place too much emphasis on quantitative and analytical
skills and neglect human skills and do little to produce
managers who are capable of meeting challenges of
global business environment and cope with increasingly
diverse workforce. Smith and Tamer (1984) said the
historically, colleges and universities have been
extremely slow in adapting to social change.
Zahid (2008) concluded that higher education and
industry linkages should remain alive for constant
updating of courses. By creating the partnership between
universities and industry, both can benefit from
resources of each other.
Baruch & Lemming (1996) suggested that “The aims
of MBA programs are to prepare graduates for
managerial roles, help them gain a better understanding
of the industrial and business world and its needs, enrich
their skills and provide them with competencies relevant
to their careers.” They further state that an effective
MBA program must continually adapt content and
structure as the needs and demands of the business
world also change. Flexibility and adaptability are
crucial attributes of MBA programs.
According to Baruch and Lemming there is considerable
agreement about some areas taught in a conventional
MBA. They identify core subjects such as finance,

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 INTERNATIONAL JOURNAL FOR EMERGING TRENDS IN ENGINEERING AND MANAGEMENT RESEARCH
(IJETEMR)VOLUME II, ISSUE II- JUNE 2016 ISSN NO: 2455-7773

human resource management, international business and
marketing as fundamental to MBA programs. However,
consistent with their observations concerning the need
for flexibility and relevance, they identify that many
scholars frequently put forward some subjects for the
curriculum addressing areas such as: entrepreneurship,
information technology, international human resources
management, global environment, production,
operations management, business ethics is an emerging
issue that can be seen as a critical cent of an MBA
program to broaden the outlook of future managers so as
to tackle key issues now facing business.
Research Methodology:
This study used primary as well as secondary data. All
the primary Data is collected by mail survey
(GoogleDoc) and by using secondary sources which
includes Business Magazines, News papers, Internet and
Journals.
Objectives of the Study:
 To identify the benefits of Industry Institute
Interface.
 To find out the approach of Institute and
Industry of RTM Nagpur University.
 To make suitable suggestions for development
of industry and institute.
Some Reflection of Industry-Management Institute
with reference to RTM Nagpur University, Nagpur
To do so a questionnaire survey has been made among
92 respondents including Academicians, Industry
personnel and Alumni from Management Institute from
RTM Nagpur University, Nagpur. The questionnaire has
been developed keeping in mind the industry and
management institute interaction and the requirement of
the present day industries.
Que.1: Is your Institute / Industry has a Industry-
Institute-Interface?
43%
26%
41
While assessing above question it has been observed that
out of total 92 respondents, Majority of respondents are
agreed that their Institute or Industry has an Industry-
Institute-Interface and some respondents are disagreed.
Total 41 (43%) respondents are agreed, 10 (10%) are
agreed, 25 (26%) respondents are neutral, 12 (13%)
respondents are disagreed, and 4 (4%) are strongly
disagreed.This shows that either institute of RTM,
Nagpur University or industry has Industry-Institute-
Interface.
Que.2: Is your Institute / Industry approaches for Guest
lecturer, seminar, case study, workshop, research
project, placement, skill development program on
regular basis?
48%
46 24%
19%
18
23
5%
5
0%
0
Strongly Agree Neutral Disagree Strongly
Agree Disagree
Fig. 2 shows the response of Institute-Industry Approach
While assessing above question it has been observed that
out of total 92 respondents, majority of respondents are
agreed that their Institutes or Industry approaches for
Guest lecturer, seminar, case study, workshop, research
project, placement, skill development program on
regular basis. Total 46 (48%) respondents are agreed, 18
(19%) are strongly agreed, 23 (24%) respondents are
neutral, only 5 (5%) respondents are disagreed. There is
mixed reaction from respondent that the management
institute or Industries approaches for Guest lecturer,
seminar, case study, workshop, research project,
placement, skill development program on regular basis.
Que. 3: Can you share / ask employability skills
requirements while syllabus framing?

25 13%
10%
10 12 50%
4%
4 48 23%
9%
9 21 8%
8 6%
Strongly Agree Neutral Disagree Strongly 6
Agree Disagree

Fig. 1 shows the rresponse of Industry-Institute-Interface

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 INTERNATIONAL JOURNAL FOR EMERGING TRENDS IN ENGINEERING AND MANAGEMENT RESEARCH
(IJETEMR)VOLUME II, ISSUE II- JUNE 2016 ISSN NO: 2455-7773

Fig. 3 shows the response of Syllabus Framing  It is able to get fresh and well trained technical
personnel i.e. ready to employ executives.
While assessing above question it has been observed that
 Industry can get their research work done
out of total 92 respondents, Majority of respondents are
through institutions and save cost of R&D.
agreed that they share / ask employability skills
 Reduction in recruiting costs. Cost effective
requirements while syllabus framing. Total 48 (50%)
productivity.
respondents are agreed, 9 (9%) are strongly agreed, 21
 Social image and publicity
(23%) respondents are neutral, 8 (8%) respondents are
For the Faculty:
disagreed, and 6 (6%) are strongly disagreed. This
 It gives good understanding of the industry and
shows that the industry people share or academicians
helps in building up of useful case studies for
also asking employability skills requirements while
improving the quality of future teaching.
syllabus framing.
 It provides an ability to identify research
Difference in industry needs and educational
programmes of industrial importance.
curriculum: Industry needs are constantly changing.
 Teachers should use case studies and other
However, the curriculum in business schools is not
database, virtual education to derive experience
changed as regularly as required by the industry.
For the Students:
Moreover, there is no uniformity in the standard and
 Gaining real life experiences.
quality of education provided. Since most of the
 Application of theoretical knowledge.
management graduates and post-graduates are primarily
 Enhancement of oral and written skills.
absorbed by the industry, there is a need to match the
 Decision making on career choice.
curriculum and structure of management education to
 Pre-placement Opportunities
industry requirements
 Understanding the work culture of industries.
Benefits of Industry- Institute Interaction:
Industry-Institute Joint Efforts:
Close interaction between the institute and the industry
 Jointly Conducting Training / Awareness
is seen as the platform for showcasing best practices,
Programme for Industry / Institute People.
latest technological advancements and their
 Organizing seminars / conferences / Awareness
implementation and impact on the Industry. It is
Programme for Industry / Institute People.
basically considered to improve the quality of technical
 Undertaking Any Social Responsibility.
and vocational education adequately to meet the needs
 Industry-Institute merger / adaptation of
of the industry and economy. Mutual benefit is derived
institutes / programmes by industry.
from the shared expertise and experiences between the
Platform for Industry –Institute –Interaction:
industry and the institute.
 Establishing Entrepreneurship Development
Benefits for different shareholders are as follows:
Cell at the institute level. (AICTE role)
For the Institute:
Conducting action Research by making
 Greater resource generation.
intensive interaction with the industry.
 Makes learning process more interesting and
 Governing Body Members: provide guidance
motivating by bringing in knowledge of current
for improving efficiency and effectiveness of
trends and best practices in management
institute programs, new courses, activities and
 Collaboration, material support, consultancy and
administration; ascertain if teachers are
recognition for teachers.
delivering relevant knowledge; manage institute
 More relevant curriculum.
branding and promotion plan
 Industry exposure and experience of working in
 Syllabus advisory Panel: Syllabus Advisory
cross-functional teams for students leading to
Panel, Visiting Lectures from industry: Analyze
good placements
the gaps between syllabus and industry practice
 Positive image in minds of the students, society
and eliminate those gaps, add relevant subjects
and accreditation society
to improve knowledge and skills of students to
For the Industry:
make them industry-ready
 It can have access to the latest technological and
 Chief Guests, Key note speakers, Invitees at
management developments.
summits, workshops, seminars, launch of new
 Industry can keep their workforce updated in
courses brings in external view of management
terms of skills and knowledge through refresher
education. Arrange Webinars for those who
 Courses and other training programmes
cannot be physically present
conducted by the institutes.

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 INTERNATIONAL JOURNAL FOR EMERGING TRENDS IN ENGINEERING AND MANAGEMENT RESEARCH
(IJETEMR)VOLUME II, ISSUE II- JUNE 2016 ISSN NO: 2455-7773

 Alumni Association and Alumni Meet:  Industry members as judges/experts for various
Interaction of students and teachers with Alumni competitions
working in the industry
 Institute, Teachers and Students can be members
of Professional Bodies to attend and get benefit
of their programs
CONCLUSION:
There is a need for a more enhanced partnership
between higher education and the business community.
As India moves further towards a more knowledge
dependent economy, we need to look increasingly to
how universities can work with business to advance the
process of innovation and renewal across all industry
sectors. This should lead to a higher level of interaction
and seamlessness between business and higher
education. Even from the respondent with reference to
RTM Nagpur University, it proves that s institutes of
RTM, Nagpur University or industry has Industry-
Institute-Interface, while syllabus framing, there is
coordination between Institutes and Industry and
positive approach for Guest lecturer, seminar, case
study, workshop, research project, placement, skill
development program on regular basis.

References:
[1]. Smruti Patre and Rashmi Gupta: “A study on the
perceptions of management institute faculty towards
HRD Culture, with reference to Nagpur University” the
IUP journal of Management research Vol-X, No-4,
article No-44
[2]. Abhijit Bora, “Higher Education: A Few Stray
Thoughts, University News, Weekly Journal Higher
Association of Indian Education Universities, Vol - 49,
Nov 14-20, 2011
[3]. http://www.bizresearchpapers.com/7.Segon.pdf
[4]. Martin Michaela (2000) “Managing University
Industry Relations: A study of Institutional Practices
from 12 different Countries” International Institute For
Educational Planning/UNESCO
[5]. Expectations of Industry from Management
Institutes – An all India survey conducted by NMIMS
during 2002-2003 with financial support from AICTE.
[6]. Paul Saibal (2010) “Industry Institute Interaction for
Long Term Benefits” Features SME World
http://www.smeworld.org/story/features/industry-
academia-interaction.php
[7]. Technical Teachers Training Institute Chandigarh
(1997). Handbook on Industry-Institute Interaction. Him
Khand Printers. Chandigarh

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