Overview

An agreement was signed today by NJIT Interim President Joel S. Bloom and NeST Group of Companies CEO Javad K. ("Jay") Hassan to offer a post-graduate program in "Global Technology Management." The program will be available to NeST employees and other Indian information technology professionals. Classes will start next spring at NeST headquarters in southwestern India.

Faculty from NJIT's College of Computing Sciences, School of Management and College of Science and Liberal Arts will oversee the program. They will electronically link from Newark to the local Indian faculty. This arrangement will enable Indian professionals to gain from NJIT graduate classes knowledge with a distinctly global flavor. Indian students seeking admission to this unique program must meet NJIT requirements for graduate degree study.

"Over the past decade, successful outsourcing strategies have evolved from a client/vendor methodology to an integrated team approach," Bloom said. Small and medium-sized enterprises have leveraged outsourcing to gain scalability and cost competiveness in the marketplace. Many of these companies have expanded their outsourcing relationships to build, operate and transfer models to ensure that core institutional knowledge remains a part of the company's assets and value propositions.

"The program that NeST has designed in collaboration with NJIT specifically targets key areas of needed improvement," said Hassan. "We believe this program is essential to the NeST Group, as it also will be for many other companies with operations in India, in the US and globally like ours. We look forward to working with NJIT to take our employees to the next level."

Large companies, including Google, IBM and other world leaders, have constructed their own offshore facilities as part of a workforce globalization strategy. "The strategies of these smaller enterprises and large companies require a new skill set capable of managing a global workforce," added Bloom. "Today, successful outsourcing involves more than the pre-requisite technical skills to execute a client project or dedicated relationship. Successfully managing a globally-integrated workforce demands new skills to focus on the critical success factors which will be taught in this program."

The 12-credit graduate program will at first be available to students in Kochi and Thiruvanathpuram, two large Indian cities in the state of Kerala. The first two courses begin in Spring of 2012. The next two courses will start in the Fall of 2012. Each course will run for 45 hours, with classroom study typical on Saturdays. The classes will encompass three hours per week over fifteen weeks.

"This program is a milestone in its own right and can be a 12-credit springboard into the master's degree in information systems from NJIT," said Gale Spak, associate vice president of Continuing and Distance Education at NJIT. "We've designed it with input from NeST top management so that their employees and other Indian students may complete the program in one year of part-time study." With satisfactory grades, the credits earned in this program can be applied to a full 30-credit NJIT master's degree in information systems.

"We see the NJIT Post-Graduate Program in Global Technology Management as a response to the evolving needs of employees and employers alike and an innovative partnership between an American university and a large Indian corporation," said Spak.

Over the past decade, successful outsourcing strategies have evolved from a client/vendor methodology to an integrated team approach. Small and medium-sized enterprises (SMEs) have leveraged outsourcing to gain scalability and cost competitiveness in the marketplace. Many of these SMEs have expanded their outsourcing relationships to Build-Operate-Transfer (BOT( models to ensure that core institutional knowledge remains a part of their company’s assets and value propositions. Large companies, including Google, IBM and many other world leaders, have constructed their own offshore facilities as part of a workforce globalization strategy. In fact, for example, today IBM has more employees in India than in the United States.

The strategies of SMEs and large companies require a new set of skills to manage a global workforce. Today, successful outsourcing involves much more than having the pre-requisite technical skills to execute a client project or dedicated relationship. Successfully managing a globally integrated workforce demands new skills that focus on the following critical success factors:

Leveraging New Jersey Institute of Technology's (NJIT's) 130-years of experience in meeting the education and training needs of corporations and the NeST Group of Companies' (NeST) experience in global outsourcing of both software and hardware, NJIT and NeST are pleased toannounce an innovative education program for the global marketplace.

The NJIT Post-Graduate Program in Global Technology Management (GTM) directly responds to the evolving needs of employees and employers alike by focusing on the above listed critical success factors.

An Advisory Board comprised of senior human resource executives from the US and India will ensure that the program continues to address the dynamically evolving needs of the Indian marketplace.

NJIT is one of the most computing intensive campuses in the nation, ranked by the Princeton Review as one of America's "Best Colleges" and has also been designated a Center of Academic Excellence in Information Assurance Education by the United States National Security Agency.Forbes.com and a Princeton Review survey name NJIT as one of the US' most technologically sophisticated universities. NJIT was named among the top 500 world universities in a study by the Institute of Higher Education, Shanghai Jiao Tong University. As well, NJIT was the first recipient of the coveted "Excellence in Technology" Award made by the industry-led New Jersey Technology Council.