Management Education in India, Opportunities and Challenges
A REPORT ON MANAGEMENT EDUCATION AND INCLUSIVE GROWTH IN INDIA PERSPECTIVES AND CHALLENGE
OPPORTUNITIES AND CHALLENGES IN MANAGEMENT EDUCATION
SUB THEME- INCLUSIVE GROWTH
Management Education in India is at the cross road, On the one hand is the Govt of India, the statutory body while on the other is the All India Council for technical Education. The Govt has permitted the AICTE for the establishment of several business schools which have to be monitored and ranked as per their standards by the AICTE. Management education in India is a new concept as because the preferred careers in the 1940s and the 50s were medicine and engineering and in the 1960s and 70s the IAS and the Central services, the craze since the 1980s has been for management and IT jobs. As a result, there has been an explosion in the number of business schools in India. Management study is very popular for imbibing versatility and multi-tasking abilities
As the demand for management education grows so do the challenge and opportunities too. Today business schools in India face the challenge of creating an indigenous model of management curriculum. Although the area of action to implement management education is a global one but it is also necessary for the curriculum to reflect local aspirations. For eg: curriculum should focus on local case studies where the management principles are broadly examined, questioned and streamlined to meet the challenges of the local/national business environment optimistically. Unfortunately, Indian Business schools vary widely in terms of the caliber of the faculty, quality of curriculum, infrastructure, and placement record. Apart from the premier list of B Schools in India the academic standards of most of the B Schools are not upto the mark. In fact at the low end of the spectrum we find institutes charge exorbitant fee from gullible students but provide negligible academic value addition. The other challenges facing management
OPPORTUNITIES AND CHALLENGES IN MANAGEMENT EDUCATION
SUB THEME- INCLUSIVE GROWTH
Management Education in India is at the cross road, On the one hand is the Govt of India, the statutory body while on the other is the All India Council for technical Education. The Govt has permitted the AICTE for the establishment of several business schools which have to be monitored and ranked as per their standards by the AICTE. Management education in India is a new concept as because the preferred careers in the 1940s and the 50s were medicine and engineering and in the 1960s and 70s the IAS and the Central services, the craze since the 1980s has been for management and IT jobs. As a result, there has been an explosion in the number of business schools in India. Management study is very popular for imbibing versatility and multi-tasking abilities
As the demand for management education grows so do the challenge and opportunities too. Today business schools in India face the challenge of creating an indigenous model of management curriculum. Although the area of action to implement management education is a global one but it is also necessary for the curriculum to reflect local aspirations. For eg: curriculum should focus on local case studies where the management principles are broadly examined, questioned and streamlined to meet the challenges of the local/national business environment optimistically. Unfortunately, Indian Business schools vary widely in terms of the caliber of the faculty, quality of curriculum, infrastructure, and placement record. Apart from the premier list of B Schools in India the academic standards of most of the B Schools are not upto the mark. In fact at the low end of the spectrum we find institutes charge exorbitant fee from gullible students but provide negligible academic value addition. The other challenges facing management