N.Korea fires what seems to be SLBM: Seoul (Ld)

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Seoul, Oct 19 | North Korea fired what appears to be a submarine-launched ballistic missile (SLBM) toward the East Sea on Tuesday, the South Korean military said, in yet another setback to Seoul’s efforts for peace with Pyongyang.

The short-range missile was launched from waters east of Sinpo, a city on the North’s east coast, according to the Joint Chiefs of Staff (JCS).

The launch was detected at 10.17 a.m., Yonhap News Agency reported.

The missile travelled about 590 km at a top altitude of around 60 km, an informed source said, noting the possibility that the North might have used a submarine as a launch platform this time.

The North previously conducted an SLBM test in 2015 and 2019. The South’s military believes that it used a barge rather than a submarine during the past tests.

Officials said that Tuesday’s launch came after South Korean and US intelligence authorities had detected signs of a possible weapons test near Sinpo, where the North has been pushing to build a 3,200-tonne submarine capable of SLBM operations.

“The intelligence authorities of South Korea and the US are currently conducting a thorough analysis regarding additional details on the missile,” the JCS said.

The North’s latest missile test marks its eighth known projectile launch this year.

It previously fired a new hypersonic missile, called the Hwasong-8, on September 28.

The US Indo-Pacific Command condemned the missile launch, calling on the North to refrain from “any further destabilising acts”.

China called for concerned countries to exert “restraint”, saying the situation on the Korean Peninsula stands at a critical period.

North Korea watchers cited a possibility that a new, small-sized SLBM, capable of striking targets in the South or Japan, might have been fired from a 2,000-tonne submarine on Tuesday.

The North displayed a mini-SLBM at a defence exhibition in Pyongyang last week.

In recent years, Pyongyang has boasted its development of various SLBMs, including the “Pukguksong-4” and the “Pukguksong-5”, which were unveiled during military parades in October last year and January, respectively.

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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