“Energy management” – the process of monitoring, controlling, and conserving energy and a term mainly concerned with saving energy in businesses, public-sector/government organizations, and homes.
The essential resource behind every economic activity is intrinsically as well as extrinsically linked with nature in satisfying the world’s basic needs. Energy management includes not only planning and operation of energy-related production and consumption units but also resource conservation, climate protection and cost savings, and also ensuring that the end users have permanent access to the energy they need. The management of this bonded relationship between the energy sector and the ecological environment has become increasingly complex due to a paradigm shift in our perspective and outlook. These are global issues and have been a key feature in all recent global debates.
So, then why an MBA in Energy & Environment? A simple and yet effective answer to this question could be that it has become increasingly important to integrate the energy management aspect in the institutional structure, so that the same can be implemented in the organizational structure. The delegation of functions related to energy conservation and saving and the competencies thereby, extend right from the top management to the executive workers and studying how to regularize these responsibilities and the interaction of the decision makers thus becomes necessary.
The primary objective of studying a field like Energy & Environment Management is to equip aspiring global managers with managerial, economic, legal, political and relevant technical competence. The students gain experience of key decision-making in a range of business functions and this knowledge can then be applied at a strategic level of the Energy Industry modules. Such a specialized field of study provides a judicious blend of theory and practice and prepares the students to meet the contemporary global needs by imparting the knowledge of general management and at the same time encompassing various sectors namely power, renewable energy, energy efficiency, oil and gas, climate change and sustainable development, CDM & carbon markets, corporate sustainability and environmental management.
A student doing his master’s in Business Management with Energy and Environment will be able to deal effectively in energy audits, environmental economics and offer solutions in energy conservation which is the need of the hour. They will thus serve as experts who provide the crucial link between the world of technology, business and sustainable development.
Contribution by Hetika Shah MBA Energy & Environment, Batch 2013-15.