2. What is Innovation?
Putting new ideas into
action
Adding greater value
to customers through
systematic changes
Bringing about major
changes in activities,
programmes, systems
and processes
Improved service
New service
Improved process
New process
3. Why Do We Need Innovation in
Management Education
Most preferred type of higher education
Most expensive type of higher education
A great facilitator of economic development
Management education in developing countries
in general and India in particular mimic American
management education
Major changes are not visible in management
education for long time. However, many scholars
and practitioners have shown their displeasure
with current state of management education
4. Innovation in Management
Education Processes
Curriculum and courses
Pedagogy
Assessment
Relevance, rigour and relationship
Student-teacher relationship
Governance
Administrative and management processes
5. Barriers to Innovation
Educational institutions as fundamentally
inward looking organisations
Rigid and archaic academic processes
Lack of customer-centricity
Low intensity of competitiveness
Lack of research and consulting culture
Poor financial support for innovation
6. Innovation in Management
Education
An American educational innovation
Case study method – A pedagogical
innovation
Project based learning – Another
pedagogical innovation
Globalisation of management education – A
curriculum innovation
Focus on leadership skills – Curriculum and
pedagogical innovation
7. Innovation in Management
Education in India
Sectoral MBA
Formats of MBAs
Focus on placement
Prevalence of private education
Massification of MBA
8. Domains of Educational
Services
Long-term educational programmes
Short-term executive education programmes
Development of instructional materials
Consulting
Extension services
10. Hypotheses of Innovation
HEIs in competitive environment will innovate more
that the HEIs in placid environment
Smaller HEIs will innovate more than large HEIs
Private HEIs will innovate more than government
HEIs
Small duration academic programmes will innovate
more than long duration academic programmes
Professional education institutions will innovate
more than liberal arts education institutions
HEIs in an educational hub will innovate more than
the HEIs in an isolated environment
13. Improved MBA
Two internships
Continuous mentoring; term-wise focus
Greater focus on ethics, environment and
social responsibility education
Greater teaching by practicing managers
Continuous assessment
Focus on employability skills
Use of Learning management system
14. Examples of New Services
Sectoral MBA
Global MBA
One year MBA
Five year integrated BBA-MBA
Executive MBA
US $ 2000 MBA
Distance learning MBA
Mixing of digital and real instruction
15. Improvement in Processes
Teaching-learning
process
Case method
Indian cases
Brief cases
Multi-media cases
Role plays using cases
Project-based learning
Action learning
Assessment
Continuous assessment
Outcome-based
assessment
Focus on HOTS
Assessment with fun
Transparency in
assessment
A mix of individual and
collaborative
assessment
16. New Processes
Introduction of Learning management system
Collaborative teaching
Course log
Supervised student internship
Individual learning and leadership plan for
students
Use of plagiarism software to examine the
integrity of student assignments
Involvement of students in social media
marketing