PSU leadership? Is that an oxymoron? ISB does not think so. Pallavee Dhaundiyal Panthry delves into the initiative by two juggernauts in the areas of banking and academia and finds out a synergy never found before between unlikely partners
Online PR News – 11-June-2009 – – The cell titled 'SBI Cell for Public Sector Leadership' will function under the aegis of the Centre for Leadership, Innovation and Change (CLIC) at the ISB.
The objective of this 'SBI Cell for Public Sector Leadership' at the ISB is aimed to focus on aspects like innovation, Change management, organisational transformation, leadership comparisons between public and private enterprises, and managerial mindsets and risk taking in middle management.
The State Bank of India (SBI), in association with the Indian School of Business (ISB) recently signed a memorandum of understanding in Mumbai, to set up a research cell on public sector leadership in India at the ISB campus. The MoU was signed by Ajit Rangnekar, dean, ISB and R K Sharma, chief general manager of SBI, Hyderabad Circle, in the presence of O P Bhatt, chairman State Bank Group and other top officials from SBI and governing body members from the ISB.
Speaking on the occasion, Bhatt, stated that as part of its CSR activities SBI, set up a research and development fund, way back in1977, with the primary objective of supporting research work relevant broadly to the activities of the bank/banking industry and the emerging financial scenario.
Under the fund, research grants are extended to universities/reputed academic and research institutions for undertaking research projects. He said: "We are proud to inform you that over the years we have extended research grants to several academic institutions for research projects at various universities.
In one of our on going projects, in 2007-2008, in participation with RBI we had extended grants to the London School of Economics for establishing an Indian observatory and IG Patel Chair at their Asia Research Centre."
He added, "Today, we are proud to be associated with another collaboration - with the Indian School of Business, this time to set up the "SBI Cell for Public Sector Leadership" which will focus on Public Sector Leadership and the various related issues like innovation, change management, organisational transformation, managerial mindsets,
etc. which would form the topics for research/case studies/papers undertaken by the cell. The outputs would be of relevance to industry in general and public sector enterprises in particular".
With the growing success of the PSU's in the global landscape there is an increased interest in understanding how Indian public sectors lead, innovate and manage change. "The SBI Public Sector Leadership Cell is being created to maximise cross organisational learning in 'PSU leadership community' with an agenda to research, share best practices and transform the PSU ecosystem", said Prasad Kaipa, executive director, CLIC, ISB CLIC at the ISB has been established to bring integral perspectives, understand Indian models of Leadership and Innovation and help organisations to become global leaders."
Making the announcement, Rangnekar, said, "The ISB will create a knowledge repository on these leadership issues especially in India." The objective of this research cell will be to draw lessons from the performance of the successful PSU's, identify areas for further improvement in their performance, contribute lessons for the private sector and how they both can work collaboratively towards inclusive growth.
As a part of the launch of the 'SBI Cell for Public Sector Leadership' at the ISB, an executive roundtable also took place.
The session has attracted participation from the heads of top 30 PSUs in the country, with debates on topics such as - Are Indian PSUs equipped to exploit new opportunities, deal with the new challenges optimally, identify organisational challenges, discuss the role of leadership, and strategy for PSUs to maintain a balance between achieving their objectives of performance as well as social responsibility.
For more info log on to http://zameen-zaidad.com/corporate-news.aspx