Now B-schools to take a page out of demonetisation | business-news | Hindustan Times
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Now B-schools to take a page out of demonetisation

Popular business schools, including Faculty of Management Studies, MDI Gurgaon, SP Jain Institute of Management and Research (SPJIMR), among others, are planning to introduce projects or chapters on demonetisation to understand how the move will help curb black money.

business Updated: Dec 13, 2016 16:13 IST
Popular business schools are planning to introduce projects or chapters on demonetisation to understand how the move will help curb black money.
Popular business schools are planning to introduce projects or chapters on demonetisation to understand how the move will help curb black money.(Illustration: Jayanto)

Demonetisation has found its latest audience.

Popular business schools, including Faculty of Management Studies, MDI Gurgaon, SP Jain Institute of Management and Research (SPJIMR), among others, are planning to introduce projects or chapters on demonetisation to understand how the move will help curb black money.

SPJIMR has asked its students to spend a few weeks interacting with the customers at ATMs, banks, mom and pop stores, vegetable mandis to understand the impact of the note ban on people’s psychic.

“The idea is to ask students to come up with solutions, which are aligned with the goals of bringing in demonetisation,” said Lata Dhir, professor for organisational behaviour and leadership, SPJIMR. “Students of the global management programme will apply the method of design to understand the problem -- not only the materialistic problem, but the emotional factor as well, which has created this feeling of shock and pressure among people.”

MDI Gurgaon asked students to do on-spot survey on demonetisation – management students have approached industry stalwarts from different fields to understand their views. “The survey threw mixed reactions with more than 60% of respondents feeling that the move will curb back money in the long run,” said Sunil Ashra, professor at MDI.

Delhi-based FMS and Hyderabad-based Indian School of Business also plan to kick off an initiative related to demonetisation, but the institute declined to comment since the course has not been finalised yet.