Management education is not all about having bookish knowledge, its about having practical knowledge and how we apply this knowledge or how we relate thsknowiledge to our day to day working.Management is about how we manage ourself or how we present ourself in front of others.
Management education offers all necessary tools to equip one with the necessary techniques of successfully handling various business and management related issues. Basic tools which will enable you to make contributions to global economy.Management education gives a holistic picture to the students about how to manage the four ‘M’s ofany organization i.e. money, material, man and machine
Besides providing the basic management capabilities it also provides :--The ability to use the contingency approach to solving business problems.-Combining the best parts of several solutions into a unique and better solution.-Having a global perspective-Working with and learning from others
The development of management education can be traced back to 18th century.From 18th century to 21st century, management education has seen lot of changes and development.Management education in India has come a long way.The history of management education in India goes back to the pre-Independence era.The first college level business school in the country wasfounded in 1913 in Mumbai and was soon followed by another in Delhi in 1920.
1. Selective Perception: Instruct your audience to count the number of “F’s” in a sentence. Place this sentence on the board or screen: Allow only 15 seconds. On average, most people will only spot 3 or 4 of the F’s in the sentence. There are actually six. The brain tends to skip the word “of,” or perceive it as “versus.” Point: One’s perception may not always be correct.
The ever increasing demand of Managers for various sectors of the Industry..Have led to the inception of A wide array of management institutions have
The Financial crisis in U.S and numerous scandals that have been unearthed in India.Raise issues against management education.The Financial crisis was a result of greed and opportunism :Adirectlresult of the way management education is being imparted.
Management Education: Flip sides of the coin
What is Management
Acquiring Practical Knowledge.
How we relate this knowledge to our day to
How we apply this knowledge.
What does it offer?
Tools, equipments & necessary techniques of
successfully handling various business & management
Holistic picture to the students about how to manage
four “M”s of any organization.
Besides providing the basic management
capabilities it also provides :
Ability to use the contingency approach to solving
Combining the best parts of several solutions into a
unique and better solution.
Having a global perspective.
Working with and learning from others.
Development of management education can be traced
back to the 18th century.
From 18th century to 21st century, management
education has seen a lot of changes and development.
Management education in India has come a long way.
The history of management education in India goes
back to the pre-Independence era.
The first college level business school in the country
was founded in 1913 in Mumbai and was soon
followed by another in Delhi in 1920.
According to a report done by the Graduate
Management Admission Council--a global
non-profit education organization--there has
been a marked increase in demand for a MBA
education since 2006.
There are 25,951 colleges of which, 7,362
are recognized under 2(f) and 5,997 colleges
recognized under section 2(f) and declared
fit to receive grants under section 12(B) of
the UGC Act, 1956
In last 5 years the number of AICTE
approved colleges has increased by almost
70% in total in various disciplines
• Management institutes have seen growth of 90% in terms of
number of institutes and growth of 123% in terms of intake.
• Table (1) shown below shows growth of AICTE approved
technical institutes in last five Years.
Indian employers reported more MBA job opportunities in 2011 than
the united states, with one India-based financial services company
reporting over 7,000 MBA job opportunities this year alone, and even
more in 2012.
Table (2) shows the percentage increase in numbers of MBA jobs
reported by employers in 2011 compared to 2010, for the top 10
countries by volume of MBA hiring
Share of Job
Increase in MBA demand during 2010/11 and
projected future growth in demand
17 functional IIMs
University affiliated colleges
AICTE, Distance Education, IGNOU, Delhi
University, Kurukshetra ,ICFAI et al.
Collaboration with Foreign Universities
Student exchange programs abroad (like
AMITY in Singapore)
Focuses on :
Stress on performance
Losing the sight of Purpose
Is the root cause of :
Slipshod Behaviour of Corporate Citizens
The criticisms directed at management education
generally revolve around two claims :
The crisis was brought about by managers educated in
business schools which do not pay enough attention to
social responsibility, ethics and governance.
Some theories or models are taught at management
school could be held responsible for the crisis, such as
the principal-agent model or the portfolio model in
On other side episode like Satyam has given rise to
new controversy and forced to make comparison
like Satyam Vs. Enron, PWC Vs. A.C. Nielson and
Ramalinga Raju Vs. Kenneth Lay and has
questioned acumen and ethics of business
The future will see changes in business schools
curriculum and management research. Future
research will include questions of diagnosis and
prediction and this will help in explaining and
preventing future global economic meltdowns.