Sweden’s first female PM resigns hours after appointment

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Sweden's first female PM resigns hours after appointment
Sweden's first female PM resigns hours after appointment

Stockholm, Nov 25 | Shortly after Social Democrat leader Magdalena Andersson was elected by Parliament as Sweden’s first female Prime Minister, she tendered her resignation after facing the harsh reality of having to lead a minority coalition government.

Just hours after she was elected the first female Prime Minister on Wednesday, Parliament (Riksdag) passed the opposition’s budget proposal prompting Andersson’s coalition partner the Green Party to pull its support. This, in turn, forced Andersson to announce her resignation, reported Xinhua news agency.

Wednesday’s events were a result of the inconclusive outcome of the 2018 elections, which led to a lengthy process of finding a government in a political landscape where certain parties do everything in their power to block their ideological opponents from having any form of influence.

In comparison, the election of Andersson was a breeze. To be elected prime minister, she only needed a majority of lawmakers in the 349-seat Riksdag not voting against her. She was backed by 117 but rejected by 174, with 57 deputies abstaining. One deputy was absent.

Andersson’s election followed an 11th-hour deal with the Left Party, which demanded a raise in pensions for around 7,00,000 of the poorest pensioners in return for not pressing the red button.

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However, later in the day the ruling coalition’s budget proposal was voted down in favour of the budget proposed jointly by the Moderate Party, the Sweden Democrats and the Christian Democrats.

This came after the Center Party, which accepted Andersson as the prime minister in an attempt to shut out the anti-immigration Sweden Democrats, decided not to vote for the government’s budget proposal, as they saw the deal as too sharp a turn to the Left despite the fact that the government had also made concessions to appease the Center Party.

Andersson, who since 2014 has served as the finance minister under former Prime Minister Stefan Lofven, said that she could lead the country with the opposition’s budget, describing it as requiring only minor tweaks. However, the Green Party had a different opinion.

After the Riksdag passed the opposition’s budget, the Greens announced that they would leave the government as they could not stand behind a budget negotiated by the Sweden Democrats.

The Riksdag will now have to elect a new prime minister. The Green Party has said they would support Andersson, who in turn said she was prepared to lead a single-party government.

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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