Welingkar Holds Seminar To Highlight Importance Of MBA In Recession
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    • Welingkar holds seminar to highlight importance of MBA in recession

    Welingkar Institute of Management Development and Research organized a seminar for MBA aspirants on the themes “Is recession the right time to pursue an MBA?” and “Analyzing recent events in corporate governance” at Hindu College, New Delhi, on March 4,09

    To address the seminar, Welingkar invited two keynote speakers: Prof. Kanu H Doshi, Dean Finance at Welingkar & a Chartered Accountant; and Dr. Ulhas Vairagkar, Director of T.I.M.E.

    While speaking on the theme ‘Is recession the right time to pursue an MBA,’ Dr. Ulhas Vairagkar said, “The best time to go for an MBA is when alternate opportunities are less attractive. So, in the time of recession when opportunities are limited, students must pursue the course in which they are most interested irrespective of the economic slowdown.”

    He further said on the occasion, “MBA programme is relevant in the boom time as well as in recession, so it is a force-multiplier in this regard. Students should not consider MBA course fee as an expense rather take it as an investment as it pays off in the future.” He advised students to focus on capability building as it is a life-long process that helps in performing consistently.

    While speaking to MBA aspirants on the current economic slowdown and recession, Prof. Kanu Doshi said, “The recession is marked by the shrinking economy for two consecutive quarters with a decrease in GDP. So, GDP is a crucial indicator of the country’s economy. Other indicators are unemployment rate, consumption rate, demand and supply, etc.”

    Commenting on the causes of recession, he said, “Over production of goods is one of the several elements responsible for the recession. Another critical aspect of the recession is low confidence level of people. There are a lot of factors that lead to low confidence level: terror attacks like 26/11 incident, earthquakes, tsunami, and other natural calamities. The gist of the statement is that the fear factor plays a big role in declining the demand as people become choosy or less demanding during rough times.”

    Highlighting the recent events in the corporate governance in the country and world, Prof. Doshi said, “The Satyam fiasco has raised many questions for the corporate governance system being followed in the country. All the machineries that work for the governance system in the corporate world need a review especially after this fraudulent incident.” He also mentioned about the sub-prime lending of money by banks and financial institutions in the United States that led to recession in the developed countries.

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