Rate B-schools the `matrix' way
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The recent Convergence 2005 highlighted the need for a universal framework within which ratings of a B-school should be conducted. Experts mooted the 5X3 matrix.
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The Institute of Finance and International Management, a leading B-school in Bangalore, organised a platform where the best minds from the corporate, media and the academic world converged to voice their opinions on the current B-school rating system.
Convergence 2005, an interactive platform for various stakeholders, was a forum for stalwarts representing industry, academia and media to voice their opinion on B-School rating systems and their discrepancies. The key panelists who were present at the meet comprised Balaveera Reddy, Vice-Chancellor, VTU, Belgaum; N.R. Shetty, Southern Region Chief, AICTE; M.R. Rao, Dean, Indian School of Business, Hyderabad, S. Sadagopan, IIIT-Bangalore, Alam Srinivas, Business Editor, Outlook, S.P. Parashar, Director, IIM Indore, among others. According to Prof. R.K. Vijaysarathy, Director-IFIM, the findings could help in shaping a new and approved system for rating in the country. He says each publication has its own criteria for rating B-schools. This quite often creates confusion and doubts among B-school aspirants, students already enrolled in an institution and the school managements themselves, as well as corporate recruiters.
Key findings
Dr. Parasher says "Every rating agency should adhere to the 5 x 3 matrix, where 5 stands for education, training, research, consulting and governance, and 3 stands for input, process and output. A combination of all these factors should be taken into consideration while judging a B-school."
The three matrices are :
Input: The effort and emphasis each B-school lays
Process: The methodology and systems adopted
Output: The subsequent results achieved by the school
The Five Matrices are:
Education: This seeks to address the question namely, what kind of students are being taken into a B-School (based on their education, work experience). Ranking a B-school, which only admits students with work experience against a B-school which admits only freshers may not be a fair deal.
Training: The level of education imparted in terms of role-plays, case studies, and lectures that students are exposed to during the two-year programme.
Research: The opportunities offered by institutions to faculty members to conduct the right kind of research.
Consulting: An index for rating faculty members is the consulting opportunities that an institution offers. Consulting can provide very rich experience.
Governance: The quality of Board members has a great impact on the quality of a B-School.
K. Ramachandran
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