Bounce, Indias first smart mobility solution company, is all set to launch its first consumer electric scooter, Bounce Infinity, on 02 December 2021. The event will live-stream from 01:30 pm onwards on the brand’s YouTube channel. Bookings for purchase begins the same day and deliveries are slated for early next year. This advanced ‘Made in India’ scooter can be booked at a nominal amount of INR 499.Bounce Infinity’Battery as a service’ option – the first of its kind in the Indian market, where customers will also have an option to purchase Bounce Infinity at an affordable price without the battery and use Bounce’s extensive battery swapping network to be on the move. Customers will only have to pay for the battery swaps, whenever they exchange an empty battery with a fully-charged one from Bounce’s swapping network.Customers will also have the option to purchase this smart electric scooter along with the battery pack. The Bounce Infinity will boast a smart, removable, premium battery (cells are sourced from LG Chem and Panasonic), which customers will be able to remove and charge as per their convenience and requirement.Bounce had acquired a 100 per cent stake in 22Motors in a deal valued at about US$7 million in 2021. As part of the deal with 22Motors, Bounce acquired its manufacturing plant at Bhiwadi, Rajasthan and intellectual property. The state-of-the-art plant has a capacity to manufacture 180,000 scooters per year. Considering the potential of the Indian market, the company is planning to set up another plant in southern India.Bounce has set aside US $100 million to be invested in the EV business over the next one year.bounceinfinity.com.About BounceWith a strong desire and determination to address the need to bring ease of commuting to people across many categories like small businesses, college students, workers and delivery agents, Bounce was launched in 2018. With first-of-its-kind, indigenously built using in-house R&D, Bounce dockless bikes were launched in Bengaluru in May 2018. A blend of advanced digital solutions with a seamless operations network on the ground helped Bounce become a popular and desired mode of transport across diverse economic and age groups in Bengaluru. Within six months since its launch, Bounce EVs clocked 2 crore kilometres. This was achieved with a distributed network of battery stations across 170+ locations, clocking over 500,000 battery swaps.
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