China vows ‘necessary response’ after UK Parliament bans its Ambassador

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New Delhi, Sep 15 | The Chinese Ministry of Foreign Affairs has strongly denounced the UK Parliament’s decision to ban China’s Ambassador to the UK from attending its events, and has vowed that it will come up with “necessary responses”, the Global Times reported.

Analysts predicted that the responses may include temporarily terminating or suspending certain exchanges between the two countries, such as the China-UK Economic and Financial Dialogue; and meting out necessary reciprocity treatment to UK diplomatic bodies in China.

Speakers of the House of Commons and the House of Lords made the decision to ban Zheng Zeguang, China’s Ambassador to the UK, from attending a summer reception of the All Party Parliamentary China Group, which was scheduled on Wednesday night.

The reason given was that the Chinese side had earlier announced sanctions on seven UK parliamentarians.

The Chinese Embassy in the UK claimed the decision reflects “the narrow and parochial mindset of some individuals in the UK… It is a shortsighted, reckless and cowardly move”.

Zhao Lijian, a spokesperson from the Chinese Foreign Ministry, said that China strongly denounces such a move, and will be forced to come up with necessary responses, the Global Times reported.

Zhao said that China’s sanctions on a handful of anti-China parliamentarians of the UK, announced in March, were completely justified and reasonable, adding that China always staunchly pushes back on any words or deeds that hurt China’s core interests, and that it does not tolerate being attacked in this manner.

“This is a rare and hysteric move from the UK, since Beijing and London share established ties. It also reflected the UK’s condescending attitude towards China, which is ‘I can slap whatever sanction on you, but you cannot slap back’,” Zhao Junjie, a research fellow at the Chinese Academy of Social Sciences’ Institute of European Studies, told the Global Times.

Source: IANS

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Does MBA really help in getting a better job offer ?

Does MBA really help in getting a better job offer ?

Most students pursuing an MBA come with the sole objective of having a decent job offer or a promotion in the existing job soon after completion of the MBA. And most of them take loans to pursue this career dream. According to a recent survey by education portal Campusutra.com  74% MBA 2022-24 aspirants said they would opt for education loans.

There are exceptional cases like those seeking master’s degree or may have a family business to take care of or an entrepreneurial venture in mind. But the exception cases are barely 1%. For the rest 99%, a management degree is a ticket to a dream job through campus placements or leap towards career enhancements. Stakes are high as many of them quit their jobs which essentially means loss of 2 years of income, apprehension and uncertainty of the job market. On top of that, the pressure to pay back the education loans. Hence the returns have to be high. There is more than just the management degree. Colleges need to ensure that they offer quality management education which enables them to be prepared for not just the demands of recruiters and for a decent job but also to sustain and achieve, all along their career path.

  • So, what exactly are the B Schools doing to prepare their students for the job market and make them industry ready ?
  •  Are B schools ready to deliver and prepare the future business leaders to cope up with the disrupted market ?  

These are the two key questions every MBA aspirant needs to ask, check and validate before filling the MBA application forms of management institutes. And worth mentioning that these application forms do not come cheap. An MBA aspirant who may have shortlisted 5 B Schools to apply for, may end up spending Rs 10,000.00 to Rs 15,000.00 just buying MBA / PGDM application forms.

While internship and placements data of some management institutes clearly indicates that recruiters today have specific demands. The skill sets looked for are job centric and industry oriented. MBA schools which have adopted new models of delivery and technology, redesigned their courses, built an effective evaluation process and prepared the students to cope with the dynamic business scenario, have done great with campus placements despite the economic slow down.

However, the skill set being looked for by a consulting company like Deloitte or KPMG may be quite different from FMCG or a manufacturing sector. Institutes need to acknowledge this fact and act accordingly.

  • Management institutes should ensure that students are intellectually engaged, self motivated and adapt to changes fast. In one word ‘VUCA ready’.
  • B Schools should encourage students to participate in national and international competitive events, simulations of business scenarios.
  • Institutes should have the right mix of faculty members with industry exposure and pure academics.

The placement records of 2021 across top management institutes indicated the fact that recruitment is happening, skilled talent is in demand and certain management institutions continued to attract recruiters even in the middle of an ongoing crisis.

It is time, all management institutes rise to the occasion, understand market realities and identify areas of improvement at both ends – students and faculty.

After all, the stakes are high at both ends. B Schools taking corrective measures will stay while those which are lagging will end up shutting down.

Author Name : Nirmalya Pal

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