‘N.Korea may be considering engaging with S.Korea, rest of the world’

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Seoul, Oct 16 | North Korea may be considering engaging with South Korea and the rest of the world, former US Deputy Secretary of State Stephen Biegun said.

“We’ve seen a sequence of events that many analysts have interpreted as increasingly provocative behaviour by North Korea,” Biegun said on Friday while addressing a webinar co-hosted by George Washington University’s Institute for Korean Studies and the Korea Development Institute School of Public Policy and Management, a state-run institute based in Sejong, South Korea.

“But I will say that there’s a school of thought and I’m inclined to believe it that the fact that North Korea is beginning to send external messaging suggests to me that North Korea is at least contemplating the terms under which it will re-engage with the rest of the world,” Yonhap quoted Biegun as saying.

North Korea reopened direct communication channels with South Korea earlier this month, after a 55-day suspension during which it conducted at least four missile tests, including the test launch of what it claims to be a new hypersonic missile.

“It’s very likely that just as the North Korean government was fixated on the US presidential election from mid-2019 until November 3 of 2020, it seems likely that the North Korean regime is also now fixated on the South Korean elections coming up in the spring of next year, which could lead to a change in government from the progressives to the conservative politicians.

“From my point of view, the most important thing is, in fact, a communications link. So I very much welcome the fact that South Korea and North Korea are directly speaking again. And I hope the case will be soon, if it’s not already, that the US will be able to find a way to open and then sustain communications with North Korea for its part,” he added.

Pyongyang has ignored repeated overtures from US President Joe Biden’s administration that it is willing to meet with North Korea “anytime, anywhere without preconditions”.

Biegun, who played a key role in setting up the second US-North Korea summit between former President Donald Trump and North Korean leader Kim Jong-un in Hanoi in February 2019, said the North hated such “open-ended” proposals.

When asked if North Korea would actually give up its nuclear capability, the former diplomat said the goal of US diplomacy toward the North was to change what was once inconceivable into what is conceivable over time.

“If we could eliminate the hostility that exists on the Korean peninsula, if we began to incentivize an economic relationship with North Korea, if we could begin to broaden the aperture of North Korea’s engagement with the rest of the world, our hope was that we could also begin to make progress on things that today seemed inconceivable such as complete denuclearization.”

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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