Why Has Bookeventz Been Blacklisted by Top MBA Institutes Like NMIMS, JBIMS, IIM, XLRI, and MDI?
Bookeventz, a well-known event catering and organizing company, has found itself blacklisted by several prestigious MBA institutes, including NMIMS, JBIMS, IIM, XLRI, and MDI. This blacklisting is a response to a series of issues that have come to light regarding the company's unethical and fraudulent practices. This article aims to explore the reasons behind this blacklisting and discuss the broader implications for students and industries alike.
Stipend Issues and Internship Practices
One of the primary reasons for Bookeventz's blacklisting is unethical treatment of interns. The company has been consistently making interns work full-time, promising them great job descriptions, but ends up burdening them with meaningless paperwork. Despite the interns' hard work, they often do not receive payment for their efforts, as the stipend promises are rarely honored. This practice is not only illegal but also highly disruptive to the learning and growth of the interns.
Intertwined with this issue is the lack of actual learning opportunities. The tasks assigned to interns are often devoid of any meaningful educational value. They are involved in repetitive and unproductive paperwork, which does not contribute to their professional development or enhance their skills. This approach to internships severely limits the potential of students to gain practical experience and industry exposure.
Fraud and Deception
An even more serious concern is the prevalence of fraud within Bookeventz. The company has been accused of presenting fake data on their website and providing incorrect financial information to both clients and employees. This manipulation of data not only damages the company's reputation but also misleads stakeholders into making uninformed decisions. Additionally, there have been reports of providing fake invoices and documentation, which is not only unethical but also illegal.
Employee Treatment and Office Culture
The poor working conditions at Bookeventz are a significant concern. Employees are often subjected to long working hours, with many working up to six days a week, including weekends, with no time off. The company has been criticized for creating an abusive working environment where employees may face verbal and emotional abuse. This not only affects the mental and physical well-being of the staff but also contributes to a toxic workplace atmosphere.
Furthermore, the financial situation of the company is far from ideal. The lack of transparency in the company's financial practices and the inability to meet basic needs, such as providing a coffee machine, further highlight the poor management of resources. This scenario raises serious questions about the company's sustainability and its ability to provide a stable work environment for its employees and clients.
Impact on MBA Students and Future Prospects
For MBA students who participate in internships at such companies, this blacklisting can have significant implications. It undermines the credibility of the company and can damage the reputation of the students who have worked with them. Employers may be hesitant to consider such students for future job opportunities, citing the negative experiences associated with the company.
Moreover, this situation highlights the importance of transparency and ethical practices in the business world. It suggests that students should be mindful of the companies they choose for internships and should seek organizations that prioritize ethical behavior, fair treatment of employees, and transparency in their operations.
Conclusion
Bookeventz's blacklisting by top MBA institutes is a cautionary tale about the importance of ethical business practices and the impact of unethical behavior on an organization's reputation. It serves as a reminder to students and businesses alike that such practices can have far-reaching consequences, from affecting the personal and professional lives of individuals to damaging the credibility of entire institutions.