linkage of summer internship to employability

Internship Linkage to EmployabilitySankalp-2

K.B.C. Saxena

Fortune Institute of International BusinessNew Delhi10 February 2014

Management“Management is a practice that has to blend a good deal of craft (experience) with a certain amount of art (insight) and some science (analysis).”

Mintzberg, H. (2005) Managers, Not MBAs: A hard look at the soft practice of managing and management development, McGraw-Hill.

“Like any other professional discipline, Management is never taught; it is practiced and shared.”

- Ravi Mathai, first director of IIM-A.

CIP Linkage to Employability 2

But Most of Todays’ Business Graduates

(MBAs/PGDMs)Do not have Business Experience,

SoHow can they get business experience during

their MBA/PGDM?


The Issue: Employability of today’s Management Graduates

• Employability issues are emerging at the very core of contemporary management program graduates worldwide.

• According to 2012 Employability Survey carried out by Merriot Trac Services, 89% of graduating MBAs/PGDMs in India are not employable.

• Main skills considered critical to employability have been:– Problem solving– Team working– Understanding the world of work


Top 10 Skills for PGDM Graduate Employability

• Commercial awareness (or business acumen)• Communication• Teamwork• Negotiation and persuasion• Problem solving• Leadership• Organisation• Perseverance and motivation• Ability to work under pressure• Confidence


Skills generally addressed by

Internship

Summer Internship• Students’ encounter to the true complexity of

business scenarios.• Generally this exposure is restricted to superficial

work scenarios which the company mentors want the students to accomplish.


Internship-based Learning as Creative Problem Solving

• Internship offers an excellent way of connecting theory to real life work and make learning experiential.

• Internship-based learning is not solely concerned with the transmission of knowledge to internee, but also extends to the enhancement of core competencies in key skill areas and the development of attitudes both within sponsoring organization as well as FIIB.

• These objectives, when combined, can be described as building the capacity for creative problem solving.


Skills Learnt by Students through Issue-focused Internship Work

• Analytical skills: identifying and recognising problems, understanding and interpreting data, understanding and recognising assumptions and inferences.

• Decision-making skills: exercising and making judgments, making and defending decisions.

• Skill of applying a theory: identify a situation matching with a given theory requirements.

• Communication skills: both oral and written: communicating ideas and opinions.

• Creative skills.


CIP as Issue-focused Internship at FIIB

Company Mentor

Faculty MentorStudent Internee

CIP Report

Issue-focused work

9CIP Linkage to Employability

Challenges for Success in Making Internship Issue-focused

• Internee should be able to convince by the attitude of a motivated learner that he/she is willing to do/learn whatever type of work is given to him/her.

• Faculty mentor should be able to convince Company mentor that FIIB faculty is great and they can help through the Internee, the Company to address any issue of concern embedded in the Internees project.

• Company mentor should see Internship as an opportunity to get projects completed by Internee which involve addressing complex issues (rather than merely labor-intensive projects).


Thinking about Internship Work

OrganizationIssue behind work?

Relevant Course

Work given

SI

FM CM

1. Proposal

2. Draft Report

Work + Objectives

Theory + Solution

Focus + Methodology

Solution Refinement

Findings +

Learnings

Relationship

Case possibility

Objectives Fulfillment

Employability

CIP Quality Assurance

12CIP Linkage to Employability

A Win – Win – Win Situation


CMSIFMWINWIN WIN

Free Issue-based consulting from

FIIB’s FM through the CIP SI

Good experiential learning, enhancing employability; case-writing possibility

Good knowledge of industry; case

writing potential; case study research

potential through multiple case

studies

Example 1

• Study why an e-Recruitment portal is getting good business?


Example 2

• Why an international insurance company is not getting good business compared to its competitors?


Example 3

• How a real-estate company making luxury villas can find more potential customers for themselves?


linkage of summer internship to employability

Education