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Dr. Vidya Hattangadi
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    The Invention of the Shopping Cart and Its Psychological Impact on Consumer Behaviour

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    Organizational structures  shape company’s value creation

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    What is Asset Specificity?

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    Do you know who Owns Corporations?

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    Arrival of my new book on Faith Economy co-authored by Dr. Shilpa Shinde

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    What are Treasury Bills?

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            The Story Behind the song “Khoya Khoya Chand” from Film Kala Bazar

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            Arrival of my new book on Faith Economy co-authored by Dr. Shilpa Shinde

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              The Invention of the Shopping Cart and Its Psychological Impact on Consumer Behaviour

              The Invention of the Shopping Cart and Its Psychological Impact on Consumer Behaviour

              Organizational structures  shape company’s value creation

              Organizational structures  shape company’s value creation

              What is Asset Specificity?

              What is Asset Specificity?

              Do you know who Owns Corporations?

              Do you know who Owns Corporations?

              Arrival of my new book on Faith Economy co-authored by Dr. Shilpa Shinde

              Arrival of my new book on Faith Economy co-authored by Dr. Shilpa Shinde

              What are Treasury Bills?

              What are Treasury Bills?

              What is SERVQUAL Model?

              What is SERVQUAL Model?

              What is Olfactory Marketing?

              What is Olfactory Marketing?

              “It all Starts with Nescafe”

              “It all Starts with Nescafe”

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                Educational Leaders who fought for women’s education did not seek validations from society

                Educational Leaders who fought for women’s education did not seek validations from society

                Experiential learning is the future

                Experiential learning is the future

                How to write an appropriate title 

                How to write an appropriate title 

                Can India regain the title of Vishwaguru?

                Can India regain the title of Vishwaguru?

                What are the problems faced in online lectures?

                What impact can Knowledge have on Society?

                A Big Salute all our teachers!!!

                What is Triple Helix Model for innovation?

                Where in the world teachers are most respected?

                Trending Tags

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                  Importance of Citation in Research

                  What is Autoethnography style of PhD

                  Can scholarly articles/papers from blogs be cited in research work?

                  The complete guide on how to select the right PhD topic

                  All you wanted to know out how a PhD thesis is assessed?

                  Mixed Method Research is Most Suitable

                  What is the difference between economic bubble and economic boom?

                  How to write a Research Paper?

                  Case Study is one of vital type of research

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                    American Hegemony is at critical juncture 

                    American Hegemony is at critical juncture 

                    Impact of the Thucydides Trap and Clash of Civilization  on International Businesses

                    Impact of the Thucydides Trap and Clash of Civilization  on International Businesses

                    Launch of my book  titled “International Business”

                    Launch of my book titled “International Business”

                    Gift City is becoming India’s Capital Gateway

                    Gift City is becoming India’s Capital Gateway

                    The science of Psephology

                    The science of Psephology

                    What is the Future of BRICS Currency?

                    What is the Future of BRICS Currency?

                    Ram Mandir tableau graced the 75th Republic Day of India

                    Ram Mandir tableau graced the 75th Republic Day of India

                    The rise of  India as a Religious Tourism Destination

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                    Why should our history be re-written?

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                      Manthan – The Movie about India’s Dairy Cooperative Movement  

                      Guiding 35 PhDs: A Journey of Mentorship, Transformation and Academic Fulfilment

                      Guiding 35 PhDs: A Journey of Mentorship, Transformation and Academic Fulfilment

                      The Story Behind the song “Khoya Khoya Chand” from Film Kala Bazar

                      The Story Behind the song “Khoya Khoya Chand” from Film Kala Bazar

                      Arrival of my new book on Faith Economy co-authored by Dr. Shilpa Shinde

                      Arrival of my new book on Faith Economy co-authored by Dr. Shilpa Shinde

                      The story behind the Swedish word Lagom which means Just Enough

                      The story behind the Swedish word Lagom which means Just Enough

                      Lasting friendship between R.K.Narayan and Graham Green that shaped the famous film novel ‘The Guide’

                      Lasting friendship between R.K.Narayan and Graham Green that shaped the famous film novel ‘The Guide’

                      Mumbai’s Historic Single Cinema Screen Maintains Brand Loyalty of Marathi Cinema Viewers 

                      Why Memories are a fuel of our life

                      Why Memories are a fuel of our life

                      Just how Michelin Brothers’s Marketing Strategy for their Tire Business Transformed Restaurant Industry 

                      Just how Michelin Brothers’s Marketing Strategy for their Tire Business Transformed Restaurant Industry 

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                      The need of the hour is Center of Excellence

                      Dr Vidya Hattangadi by Dr Vidya Hattangadi
                      September 26, 2022
                      in General Management, HIGHER EDUCATION, Management
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                      To survive tough competition and frenzy struggle for existence organizations these days have to think of transformation, efficiency, synergy, effectiveness, collaboration etc. The expression ‘Centre of Excellence’ (CoE) is becoming a popular these days in both industry and academia, which in fact is a department or section in an organization that focuses attention on problem solving.

                      Center of Excellence for bigger growth efficiently and effectively 

                      images-img_centre_excellence-250x250Center of Excellence helps organizations to transform for bigger growth more efficiently and effectively to accomplish their mission. Centre of Excellence means  a place in an organization which is known for doing particular activities very well, and that involves new developments, new style of working etc. The Centre of Excellence may comprise a functional or cross-functional team looking both inside and outside the organization to capture new knowledge and practices. It may be set up as a physical or virtual team, but it will have a permanent rather than just a project status. The defining feature of a Centre of Excellence is research knowledge management.

                      For example, if a car dealer has ten servicing centers, then nine may be regular and one might operate as a Centre of Excellence. The one which operates as Centre of Excellence will have senior and experienced engineers and technicians along with researchers who will make diagnosis, technical analysis in developing suitable methods and techniques to establish best practice and disseminate this to the other teams/centers. This does not mean that workers in the non Centre of Excellence are someway less worthy, or are offering a sub-standard level of service.

                      Center of Excellence in the African continent  

                      map-of-africaThe African continent is far ahead than other emerging economies of the world when it comes to training and developing youth of the nation. African economies are growing much rapidly and employers across the continent are seeking qualified personnel to maintain and pursue their progress. But many young Africans are still turning to northern or western countries for their education and their careers, making it difficult for African employers to hire qualified local workforce. In fact, more than half of African students who study in Europe and America take up employment there, instead of returning home. The African government therefore had to take preventive steps to stop the brain drain. The government and corporate, together are investing in starting centers of excellences to offer internationally recognized curricula and state-of-the-art research facilities. Thus providing a more affordable alternative in a better suited environment where teaching is in tune with the local context. These centers are investing heavily in the quality of education given to the students. These Centre of Excellences are gradually reducing the gap between institutions in the North and those in the South. They are also increasing their capacity to admit more students.

                      Recently in April, 2014 the World Bank’s Board of Executive Directors has approved US$150 million to finance 19 university-based Centers of Excellence in seven countries in West and Central Africa. These competitively selected centers will receive funding for advanced specialized studies in science, technology, engineering and mathematics (STEM)-related disciplines, as well as in agriculture and health. The landmark African Centers of Excellence (ACE) project, which will equip young Africans with new scientific and technical skills, will be financed through IDA (international Development Association of World Bank) to provide higher education, including short-term training, to students, faculty and civil servants. Hats off to them!!

                      Future of Center of Excellence 

                      In a latest news article in Hindu, a few colleges in and around Coimbatore have state-of-the-art centers of excellence set up on their campuses. The model works this way: an organization specialized in any sector like automobile, automation, software development, textile engineering ties up with a college to set up a compact model of its work place in a limited area complete with the latest equipment.

                      With hand-holding from the industry, some trainers are lent to operate the centre, while at the same time some faculty from the related department are selected to undergo hands-on training on the systems under the ‘train-the-trainer’ mode at the industry. For a while the trainers from the company and the trained faculty train the students. After a while, the company hands over the total operation of the centre to the college. From time to time, the equipment and faculty are updated keeping with the latest in technology. The Centers of Excellence are becoming change agents – biggest change has been the transformation of our ‘demographic burden’ into a ‘demographic dividend’!

                      The centers of excellence in education should extend demand-driven training, striving for international standards and recognition. It should be granted financial and statutory autonomy, flexibility in management and strategic planning to ensure good governance.

                      Lastly, Centers of Excellence should have the flexibility to respond to emerging needs, by developing new training programs, adapting salary and recruitment policies, and reshaping strategies according to political, economic and social changes.

                      Tags: AfricaAfrican Centers of Excellence (ACE)Center of ExcellenceCenters of ExcellenceDr. Vidya HattangadiIDA (international Development Association of World BankWorld Bank
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                      Dr Vidya Hattangadi

                      Dr. Vidya Hattangadi is an accomplished academician, researcher, and thought leader with over four decades of combined experience 20 years in managerial roles in industry and 24 years in management education. She holds a PhD in Marketing Management from Savitribai Phule Pune University and a D.Litt. from the University of Mumbai for her post-doctoral published work. She is a prolific writer and blogger, Dr. Hattangadi runs the widely read blog www.drvidyahattangadi.com, which enjoys strong organic traffic and engages readers across a broad spectrum of subjects, including management, leadership, psychology, social trends, music, current affairs, and politics and psychology. Her blog is 12 years old. Her experience of combining knowledge of industry work with an academic background creates a powerful, "pracademic" profile that bridges the gap between theoretical knowledge and practical application. This hybrid approach has made her a powerful Professor in the classrooms and she has produced graduates who are not just knowledgeable, but industry-ready. She worked for Maratha Mandir’s Babasaheb Gawde Institute of Management Studies as Director, Research Head and Professor. She has written a fortnightly column for The Financial Express from 2017 to 2021 and has contributed extensively to leading publications such as The Hindu, Free Press Journal, and The Economic Times. Her articles are known for their analytical depth, clarity, and relevance to contemporary issues. Dr. Hattangadi has successfully guided 35 PhD scholars in Management Studies across institutions such as the University of Mumbai, SNDT Women’s University, and Yashwantrao Chavan Maharashtra Open University (YCMOU) and Guglielmo Unimarconi Italian University. Currently, she is working on her YouTube channel "Vidya's Vidya" mentoring doctoral researchers in the areas of Finance, Strategic Management, Organizational Behaviour, Human Resource Management, and Marketing Management. She is an accomplished author, she has written books on Strategic Management, Buyer Behaviour, International Business and Entrepreneurship Management, Faith Economy, contributed chapters to four edited volumes of books, and published over 350 research papers in national and international journals. Her scholarly work has strong visibility and impact, reflected in her robust presence on Google Scholar, Research Gate, Vidwan etc. Her research in all fields of management studies is truly ground-breaking. The rigor and depth of her knowledge have set a new standard in our field of management studies.

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