S.Korea fails to launch 1st homegrown rocket (Ld)

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Seoul, Oct 21 | South Korea on Thursday failed to put a dummy satellite into orbit with its first homegrown rocket, dealing a setback to the country’s decade-long project to join the elite global space club.

The KSLV-II rocket, also known as Nuri, flew to a target altitude of 700 km but failed to place the 1.5-tonne dummy satellite into orbit, President Moon Jae-in said in a press briefing at the Naro Space Centre in the southern coastal village of Goheung.

“The test-launch of Nuri-ho was completed. I am proud of it… Regrettably, we did not perfectly reach the goal, but we made a very creditable achievement in the first launch,” he said.

The failure underscores the challenges of sending a satellite into orbit, a space launch vehicle technology that South Korea has been seeking to acquire for more than a decade for its space program.

So far, only six countries — Russia, the US, France, China, Japan and India — have developed a space launch vehicle that can carry a more than 1-tonne satellite.

Moon said South Korea plans to conduct another launch of the Nuri space rocket next year

South Korea’s rocket launches ended in failure in 2009 and 2010.

In 2013, South Korea successfully launched its first-ever Naro space rocket, though its first stage was built in Russia.

The three-stage Nuri rocket uses a clustering of four 75-tonne liquid engines in its first stage, a 75-tonne liquid engine in the second stage and a 7-tonne liquid engine in the third stage.

South Korea has invested nearly 2 trillion won ($1.8 billion) in building the three-stage Nuri since 2010.

The whole process of the launch was carried out with homegrown technology, including design, production, testing and launch operation.

The launch came amid tensions over North Korea’s test-firing of a new submarine launched ballistic missile (SLBM) on Tuesday, the latest in a series of missile launches by the North.

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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