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LabWorks

Concept note

OVERVIEW

Typically one graduates from high school at the age of 17 or 18. Things get serious here. For collage one needs to select the stream they want to get into. 3-4 years of fun and study gets you ready to join the workforce at the bottom of the pyramid. Typically your expected to work for 2 years before you are ready for a Master’s degree. After 2 years of masters program you have the complete academic package to be hired by corporates. You are now in a position that is can be considered for growth in role. If you are exceptional you climb, if you are average or misfit for the organization you hop around the job market. Either ways you have to learn how things go down in the real world. Before you settle in you are 26 -28 years old.

With everything changing so fast, especially owing to the digital revolution still playing out, you soon realize that there are so many new skills that your academic journey never gave much heed to. So you end up taking online courses and learning. This time though you get to apply what you learn as you learn.

There is a certain deeper learning you get of any topic when you get to apply that as you learn. The practicality of the theories that academia feeds you, is generally limited in the real world. So when you have the opportunity to apply these theories along with learning them they make greater sense and you find your own variant of those theories. The combinations of these theories is what defines the foundation of what kind of working profession/entrepreneur you will become. On the flip side once you get into work environment a lot of the theories that you had learnt in school might have merit in the situations you face at work. But at work the priorities quickly shift and are driven by tasks and KPIs. Those theories, though of value, are forgotten and never applied.

If the above is true even just 20% then why has the system been designed as stages of learning and applying. Gather all the knowledge and put it in your memory bank for the day you may need it. It's like a swiss army knife with 100s if not 1000s of tools for the one day you may need it. And when you get to those situations at work, the few specific basic tools are what you use mostly.

This is not to say that the rest of the tools were useless, but the point we are making is that one never got to use most of these tool. So just to make it clearer, I have a plass/plier and a Wrench in my tool box, but if i have never used a wrench and end up using a plier to tighten the nuts and bolts, I will surely get the job done. But a wrench could have saved me hell lot of slips and time.


At LabWorks we propose that while I am being explained what a wrench is used for I also get to use it. So next time when I am in a similar situation I will go for the right tool and be more efficient.

GOALS

1. To provide a blended model where work and academics are parallel and not stages of life.

2. To deliver a more efficient workforce that graduates out of our programs.

3. To reduce the cost of education in terms of both time cost and value cost

4. To make education current and being able to anticipate the future skills.

5. To eliminate the issue of initial job placement.

SPECIFICATIONS

We want to enroll high school graduating students and assign them to companies as “additional manpower” while teaching them undergraduate and then MBA concepts. We want to be able to define what the students do at the workplace that is in tandem to their curricula. We want their academic and work assignments to converge into one. We want to flip the classrooms from learn theories to becoming discussion floors of what challenges are faced when applying these concepts in real life environments. We want the academia to learn from these discussions and continually evolve the curricula and course material to be better suited for the real world.

How it may look like? A batch of students will be placed in different corporates with varied assignments. They will be required to submit assignments for each concept relating to their anchor companies parallel to them learning about each concept. Each concept will be evaluated by the professors from the student’s understanding perspective and will be scored by the supervisor (at work) in terms of value add to the company objective.

Each student gets a mentor at the workplace (her supervisor) and a teacher for each assignment.

Anchor companies will know these candidates from early on and would be evaluating their capabilities. Thus they will seamlessly be able to draw a career path as their knowledge, skill and maturity develops.

Students will learn what concepts hold what kind of value in the real world and thus be able to select what subjects/topics/concepts they want to want to study deeper and define the path of their course.

Professors will get to gather data of what students (and intern companies) need to learn to perform better and thus can adjust their programs for higher end result for all constituents.

MILESTONES

Set the stage

To start with, form a team of SMEs (subject matter experts) to define the curricula. Select the professors who will teach the course subjects. Identify the Anchor companies. Make the commercial model and enroll first batch of students.

Learn & remodel

Observe the progress of the first batch and interview supervisors, company management, professors, and students to understand the gaps, bugs issues and refine the program.

Take it to market

Repackage the program basis above learnings and go full blast. 

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