This document summarizes recent trends in business and their implications for business education. It notes that while there are over 4000 business schools in India, very few rank highly globally. It outlines key trends like urbanization, the rise of emerging markets, the information economy, social media, and new business models. These trends are changing the landscape for industries like banking, healthcare, and technology. The document suggests business education needs to focus more on leadership, relevance to practice, preparing students for the future, and developing skills in knowing, doing, and being. It raises questions about how management can be taught, class sizes, and the role of online education.

1. good morning [ afternoon ]
Recent Trends in Industry and Business:
The Implications for Business Education
mm bagali
JAIN University
FDP for Management Educators, Bangalore University, 18th Dec, 2015

2. Agenda
1. Business education: A snap shot
2. Business Trends: A changed landscape
3. The Future: Get Ready
4. Your Views and Analysis

3. Backdrop
Introduction
Around 700 Universities
All Variety of Universities
All have a B-School or Management Education
Recent Times Higher Education University Ranking
[ Nov 2015 survey results ]
– 2 University in first 250 rankings
– [https://www.timeshighereducation.com/world-university-rankings/2016 ]
B-School
Around 4000 Across India
3665 B School / 366 PGDM
All variety of B-School
How many of them rank in World Ranking… IIM-A/ IIM-B
Indian Ranking
Across 6-7 years
Same B-School, may be 15-18% new one join
What this communicate to all !!!!
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4. Hard Facts
Demand for Course
Across India
Marketing 40%
Finance 30%
IT/ Entrepreneurship 20%
HR 10%
Reasons
Wide scope
Jobs
Projects
Teaching Community
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5. 8/17/2017 Reva University, 18th & 19th Dec 2015 5
Institution /
Year
1857 1947 1950-51 1990-91 1996-97 2005-06 2007-08 2014-15
Universities 3 19 27 184 228 335 417 659
Colleges 27 496 578 6627 8529 18064 20,677 33,023
Students 5399 241369 263000 4925000 6755000 11028000 12121700 3000000+
Teachers N/A N/A 24000 272700 321000 480000 500000 700000+
Appended
Table No 1 : Status of Higher Education in India
1857 - 2015
Source: AICTE report, 2014-15

6. View Points
(Datar, Garvin, & Cullen, 2010) MBA graduates lack in global perspective,
leadership skills, integration skills, recognizing
organizational realities and implementing
effectively, acting creatively and innovatively,
thinking critically and communicating clearly,
understanding the role, responsibilities and
purpose of business, understanding the limits
of models and markets
NASSCOM’s report (2012) In the absence of these skills, the MBAs do not
remain employable. This is furthered by the
indicating that not more than 25 per cent of
engineers and MBA graduates are employable.
several other studies
8/17/2017 Reva University, 18th & 19th Dec 2015 6

8. Food & drink industry
Airline industry
Automotive industry
Banking
Construction industry
Film industry
Healthcare industry
Insurance industry
Manufacturing sector
Mining
Music industry
Pharmaceuticals industry
Real estate
Retail industry
Technology sector

9. What is a Mega Trend?
Mega trends are global, sustained and
macro economic forces of development
that impacts business, economy, society,
cultures and personal lives thereby
defining our future world and its
increasing pace of change
Top Megatrends
Urbanization / Urban world
SMART City
Generation Y
Women Empowerment
Rise Of Middle Class
Reverse Brain Drain
Cloud Computing
Virtual World
Wireless Intelligence
N11 – The Next Game Changers: The next big emerging markets
coined as the Next 11, will be the future economic engines of
growth – signalling a shift in economic power in 2020 from BRIC
countries to nations of Bangladesh, Egypt, Indonesia, Iran, Mexico,
Nigeria, Pakistan, Philippines, South Korea, Turkey, Vietnam

10. Top 10 Business Trends That Will Drive Success In 2015-6

11. Information Economy
Technology
Emergence of Global Economy
Small Business concept
Informal network/ Network globally
Speed
Quality
Efficiency
More choices
Gen Y
Women Empowerment
Outsourcing
Cloud Computing
Virtual World
Robotics
New Business Models
Entrepreneurship rising

12. Marketing View Point
Focus On Connecting Customers
Will Invest In Mentoring And Engagement
Role of Salespeople Will Evolve
Tightly Integrated Sales and Marketing
Increases in Weekly Business Role Play
Divergent Customers – Price vs. Value
Challenges
Customer Satisfaction
Customer retaining
Market Cap
Sell fast / First
Under Customers

13. Human Resources View Point
Work-Life balance
Engagement
Performance Management
Dash Board concept
Talent
Identification
Engagement
Management
Retention
Challenges
Hiring
Skills
Attrition
Engagement levels
Compensation
Reward
Diversity
Inclusive growth
Regulations/ Code/ Rules

14. Finance View Point
ROI
M/ A
Small Business
Work from Home
2-3 join to start business
Challenges
Where to invest
Cultural issues
Compatibility
Flextime
Quality

15. Business Organisation
Nimble
Shared
Transnational
Entrepreneurship rising
Global marketplace

16. Common factors across al functional Areas in Business
Technology
Social Media
Apps
ERP
CRM
Business Intelligence
Mobile is key
Cloud
Big data
Analytics
Every decision on data must
Compliance
Enforcing Intellectual Property Rights

17. Future of Business Education

18. General MBA
Leader+ ship
Relevance to practice
Prepare for the future
Multi-geographies [ immersion programs]
Students make School
faculty make Program
Management make the Brand
Alumina make the rest of all
Need for broader research approaches
Prepare students for a broader range of careers

19. Know, Do, Be
The “knowing” component:
The facts, frameworks, and theories that make up the core understanding of a profession or
practice
Examples: the forces determining industry structure, the meaning and measurement of
return on capital, and the four Ps of marketing
The “doing” component:
The skills, capabilities, and techniques that lie at the heart of the practice of management
Examples: Execute tasks as a member of a team, implement a project, conduct a
performance review, deliver an effective presentation, sell a product, and act innovatively
The “being” component:
The values, attitudes, and beliefs that form managers’ world views and professional
identities
Examples: the behaviors that exemplify integrity, honesty, and fairness, awareness of
personal strengths and weaknesses, the preferred treatment of others, the purpose and
goals of organizations

20. Few Questions always….
Can we create manager in class room
How is class room teaching enough
is PhD must for faculty
Is experience for students must
Is specialization to be offered
How big should the class size be
MOOC has come? What next for class room setting !!!

22. Contact me
22
M M Bagali, PhD
Professor of Human Resource Management,
Head, Research in Management,
JAIN University
CMS annex, # 319, JPnagar, 6th Phase,
17th Cross, 25th Main,
Bangalore, India, 560 078
t: 80 43430400 / f: 080 26532730
e: mm.bagali@jainuniversity.ac.in
n: http://in.linkedin.com/in/mmbagali
www.jainuniversity.ac.in