MUMBAI: An alumnus of the distinguished London Business School, Kumar Mangalam Birla has created a 15 million pound endowed scholarship program to honor the legacy of his late grandfather and veteran industrialist BK Birla, the Aditya Birla Group announced on Thursday.
The scholarship program is the biggest endowed scholarship present to a European enterprise college.
An endowed scholarship distinguishes itself from different one-time donations in a way that the cash given to the educational organization is invested and by no means withdrawn with handiest the interest earned used to fund scholarships.
The program will assist the education of ten complete-time MBA candidates of the B-faculty each 12 months in perpetuity which includes 5 Indian students and 5 college students from the relaxation of the arena. Performers belonging to the top 5% ranking in a class could be eligible for the scholarship so as to be applicable to college students starting their stint on the school from the fall of this yr.
The Aditya BirlaNSE -0. Eighty % Group chairman said that the ‘BK Scholars Programme’ “contemplated his grandfather’s generosity of spirit and commitment to supporting the ongoing growth of rising commercial enterprise leaders”.
“I am extremely proud to honor my grandfather’s legacy and create some thing enduring thru this landmark global pupils program at LBS,” Birla stated in a press observe. “Through this program, we appearance to construct a diverse and colorful community of subsequent generation leaders who’re dedicated to the ideals of integrity, dedication, and carrier to humanity. The very values epitomized via my grandfather,” he said.
Aged ninety-eight, Basant Kumar Birla, chairman of Century Textiles and Industries, handed away on July three. During his lifetime he had also been associated with many other instructional trusts and institutions along with the Birla Institute of Technology and Science, Pilani, the BK Birla Centre of Education in Pune and the Birla Institute of Management Technology in Delhi with over 50,000 college students annually analyzing in establishments established by him.
“It is a first-rate present so as to honor B.K. Birla’s memory with this prestigious scholars program,” François Ortalo-Magné, dean of LBS stated.
MUMBAI: The candidate appeared to be proper in shape for the CEO’s process. He had the qualifications, and the enjoy. But as he turned into being driven for his very last interview, he misplaced his temper due to a traffic jam due to a heavy bathe.
When the corporation motive force suggested the incident again at HQ, purple flags went up. “The enterprise’s control took serious observe of the driver’s grievance. They felt if a candidate couldn’t maintain his cool on a wet day, how could he lead the business, wherein he might be firefighting on an everyday foundation?” says Hunt Partners managing accomplice Suresh Raina, who turned into a part of the search procedure. The candidate eventually did not get the task.
If that seems severe, here is a phrase of caution: Organisations are taking uncommon steps to make certain they make the proper hire for a management position, from scrutinizing the existence of candidates to comparing their personal horoscopes.
Companies evaluate management applicants’ lifestyles extra carefully
A few years ago, an employer had nearly finalized a candidate for a director degree post, until his way of life came to light. The search company, which scanned via express social media posts via the candidate, alerted the business enterprise on the opportunity of going wrong in this lease.
After certain records approximately his lifestyle had been observed out, the company determined to organize a health test. The individual now not most effective regarded to be into substance abuse, some of his social media posts additionally found out racial bias. The candidate turned into rejected outright.
Questions that seek companies frequently face from their clients aren’t constrained to smoking and consuming habits by myself. They additionally increase the dressing and style of candidates.