Foundations Of Management & Entrepreneurship 2012-2013: Fill & Download for Free

FMS is a Part of Delhi University and therefore hasn`t been considered separately as a B-School by the government, Having said that, Any ranking, that ranks Great Lakes Institute of Management at 16 above S. P. Jain Institute of Management & Research at 19 and ICFAI Foundation for Higher Education at 22 above Indian Institute of Foreign Trade at 23, is a joke that shouldn`t be taken seriously.FMS is among the top 5 B-Schools of the country, not only by virtue of it`s stellar Placement record, Alumni Network and experienced Faculty but also in terms of the Number of 99.5+ %ilers who choose FMS every year for the Outstanding learning Ecosystem that FMS provides.

Because, historically the discipline of management was an extension of engineering disciplines. A lot of outsiders think management as a sibling of accounting and finance. It is actually the child of industrial engineering.They are all optimization problemsHere are the foundation questions that made the respective disciplines:Economics - With X amount of raw materials and Y amount of labor, how can we optimally increase the wealth of our nations?Engineering - How do we design an optimal machine that can perform a task with the least possible energy?Management - How can we align our workers and capital in such a way that we build stuff at the least cost and bring maximum value [$$]?Anybody noticed similarities? They are all pretty much the same - optimization problems applied in different contexts. The core is efficiency/productivity. All the 3 disciplines heavily use statistics and study of human behavior to get their objectives satisfied [all the 3 groups also heavily utilize charts centered around the time axis]Mechanical & electrical engineers worry about optimizing energy; Computer engineers worry about optimizing time; Architects & Civil Engineers worry about optimizing space. Managers worry about optimizing money and economists about resources. If you become good at optimizing and great at getting things done with the fewest possible resources, you might be able to switch between disciplines.History of ManagementThe modern study of management started in the 19th century when people discovered that while the machines were getting increasingly more efficient, people were not. Thus, the fruits of the industrial revolution was not correspondingly matched by growth in labor productivity. Engineers tried to apply what they learned with machines and built the first version of management called Taylorism - Scientific management. Harvard became the first University to create a degree on Taylorism - called the MBA.The industrial revolution of the 1800s drastically changed the way we made things and ripped apart the economy. Industrialists emerged and these powerful industrialists were not able to find enough quality labor. Until then, people learned a craft after working a long time as an apprentice. What was needed was a way to define this knowledge, store this knowledge and use this knowledge to train vast number of new workers. There was a problem and enter a man with an idea.This dude Frederick Winslow Taylor was forced by his father to become an Harvard educated lawyer, but in turn became a mechanical engineer. He studied craftsmen and tried to build "algorithms" that would help in automation. If you study his work on scientific management, it is pretty much industrial engineering with people.Then came Henry Ford's drastic ideas in auto engineering and the resultant revolution in management called Fordism. Later, GM's innovation under Alfred P. Sloan combined with Peter Drucker's focus on the human elements resulted in modern management ideas.Long story short. Engineers have always been interested in management sciences and have played a significant role in shaping the discipline. Economics, engineering and management are far more closely related than many engineers assume. It is only natural for many engineers to seek MBA degrees.

These institutes that I am aware of:IIT BombayIIM AhmedabadTata Institute of Social ScienceGEER Foundation of GujaratAga Khan FoundationASHOKABhasha ResearchAssociation for Democratic Reforms (ADR)Institute for Financial Management and ResearchInstitute of Economic GrowthJawaharlal Nehru UniversityJamia Millia IslamiaVivekananda KendraXavier Institute of ManagementThe list is not exhaustive!