1) The document discusses maturity levels of Indian business schools. It identifies three levels - novice, learner, and mature. Most schools (95%) are novice with low entry barriers and curriculum quality. Few (2-3%) are learners, and under 1.5% are mature. 2) Mature schools have high entry barriers and quality of teaching, learning, administration processes and focus on developing higher order thinking skills. They use case studies and produce high-quality graduates with strong career prospects. 3) Novice and learner schools have medium or low quality processes that focus more on knowledge than application. Their graduates have more uncertain career outcomes depending on individual factors like intelligence and attitude.