Management Education in India in Global Perspective

Competition is growing and in order to mark its presence in global market India needs to produce more and more professionals with absolute global business IQ. But, current day academic scenario doesn’t entirely fulfill this requirement. There is one management institute in India which is experimenting a new concept Academia Industry Interface in its curriculum successfully. Results are excellent.

Normal 0 MicrosoftInternetExplorer4 st1\:*{behavior:url(#ieooui) } /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman";} The entire society and humane life both have changed considerably since that a few years back. Information Technology has increased the pace of development and we have developed hundreds time more in last few years than we had in hundreds of years earlier. Everything has changed tremendously including morals, ethics and significance. So is true for education patterns and traditions. Here is what management education in India lacks most and what needs to be done to develop successful global entrepreneurs.

Earlier students were forced to concentrate and mug up what was written academic books and were forced to take exam on that knowledge only. Anything done on personal observations, skills and knowledge was out of curriculum and worth not considering for awarding ranks. They system was certainly flawed and deterred natural development of children and marred their ideation abilities. Consequently people were living within limited scope and had no access to the things, views, knowledge, and realities beyond their orbit.

With the advent of Information Technology, and most importantly Internet has changed the whole picture and has redefined the meanings and standards both. Today, students are encouraged to realize their own potential of achieving success in the field they may feel inclined to. The world is open at your disposals and only sky is the limit. Results are obvious, even young students are doing wonders in the world.

The same change has been introduced in professional level of education, like management studies. Students are provided internship and practical exposure of the situation, but to a limited extent only. Therefore they are still unable to emerge fully confident even after completion of their degrees and diploma programs. In fact, the things should have been upside down.

These professional courses should be more on real life industrial exposures and less on literature. The reason is the speed by which the world is changing. Teaching from the books written years before would not be inducing a practical approach and realistic behaviour in students. They need to be made aware about the current business scenarios with direct exposure to industrial affairs.

For example, there is an institute in Indore (MP) India, namely Indore Management Institute, which has identified this deficiency of the existing management courses and, in order to make its students more competitive in global environment, has introduced Academia Industrial Interface in its curriculum, wherein the institute involves industry into education process of its students. They invite representatives of leading industries and share their real life experiences and current and emerging requirements from new age employees and professionals. The institute provides extended opportunities to its students to work in organizations on internship for a longer period than usual. The concept has clicked and more and more of its students are achieving success in jobs and businesses both.

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