May 25 2016, 11.33 AM IST || Pocket News Alert
Macquarie is amongst the first few international universities to introduce a special business course on India for their undergraduate students
New Delhi, 25th May, 2016: A group of business students from Macquarie University (MQ), one of Australia’s top 10 Universities, visited India on a special ‘Doing Business in India’ program. This tour is a part of the Unit MGMT330 International study tour to India within the Bachelor of Commerce degree which is developed by the Program Director for International Business at Macquarie University:
Dr Meena Chavan.
This unit develops knowledge and understanding of the international business environment and business operations in India through first-hand observation of businesses in India. Students develop knowledge in the political, economic, social, legal, technological and cultural environment during the study tour. The unit includes a series of seminars and a two-week study tour to India, and enables students to develop an appreciation of the ways in which business operations and business systems differ across national boundaries.
MQ’s ‘Doing Business in India’ Program is an intense two-week program for undergraduate business students to build their understanding of India’s diversity, complexity and scale and team up with their Indian peers in considering factors influencing the Indian business environment. MQ is amongst the first Australian universities to run such a program, underscoring India’s growing economic importance in the international arena.
The program offers this through diverse program content and activities including group discussions, lectures, institutional visits, hands-on learning activities, team building exercises, reflection sessions, social interactions and cultural performances and outings.
Keeping in mind the growing interest in India globally and the growing India-Australia trade and business relationship, the program aims to let students familiarize themselves with the broad spectrum of opportunities and obstacles that present themselves in different Indo-Australian business and other collaborative ventures.
Over the last two weeks, the students have visited Mumbai and New Delhi- Agra the financial and political capitals of India respectively, and experienced Indian business environment and culture first hand, which will add greater meaning to their course back home.
Students gained practical knowledge and experience on managing a business in India and conducting research to analyse real-world cases in the global business environment. As a part of the Mumbai tour, the students participated in an hands on experiential activity of the Harvard developed case study - The Dabbawala System: On-Time Delivery, Every Time, visited places like Bombay Stock Exchange, IIT Bombay, and Imaginarium the 3D giant and understood the making of start-ups like the OYO. The visit to Mumbai also included a presentation by the Head of Risk Management at Australia & New Zealand Banking Group (ANZ) about the opportunities and challenges for an Australian corporate bank doing business in India. In Delhi their visits included Nizamuddin Durgah, CyberHub, visit to a local village, Dilii Haat and finally a visit to the Taj Mahal in Agra.
Speaking about the visit, Prof. David Rooney, Management and Organization Studies in the Faculty of Business and Economics, Macquarie University said, “India is one of the fastest growing economies in the world and I think this visit will go a long way in enriching our students’ understanding of India as a culture, as a country, and as a business environment. Macquarie University’s ‘Doing Business in India’ program will not only enlighten our students about doing business in India but will also add momentum to the warm, special, and always growing Indo-Australian relationship. Our two countries share so much in common that it makes sense for us to work together.”
About Macquarie University, Australia
Established in Sydney in 1964, Macquarie University is consistently ranked amongst the Top 10 universities in Australia (ARWU, 2015) and Top 250 in the world (QS, 2015). It is ranked amongst the top 100 in the world in nine disciplines (QS 2015 rankings by subject). It was created during a time of extraordinary social transformation to be a different kind of university: it was, and will always be, a bold experiment in higher education. True to its founders' vision, the University has challenged the conventional thinking of academia through innovations in its campus set-up, curricula, interdisciplinary research and engagement with industry and the wider community.
Macquarie's approach has paid off. Hundred percent of its research activity is rated through the ‘Excellence in Research for Australia’ initiative at world standard or higher, and it has received a rating of 5 stars across all categories measured by QS. 90% of its graduates under the age of 25 are employed within 6 months of completing their studies. More importantly, the University has helped to form generations of individuals who are audacious and responsible leaders in their field and active members of their communities.