Editorial

For the past twelve years, Indira has been a household name among management training institutions, with a modest beginning in 1994 in humble sunx)undings in Pune. Having made a mark in the area of professional education, Indira now gears up to achieve bigger things in the world of education. Our foray into Management education has brought in a very clear perception of what it is that the present education system offers the student of the 21^st century in India and what should be on offer if we have to take our education standards to the next higher level. Indeed Management education as we know it is not an exact science, unlike Mathematics or Physics. Is it then an art? We believe not exactly. To our way of thinking, Management is the science of decision making and the art of executing decisions. The laws of Management are mostly writ by the thinking of the customer, the producer, the employer, the employee, the marketer etc. and each of them thinks in his own different way. Besides, it is a dynamic field of study, as it needs to adapt to the ever-changing environment and technologies. The thought processes of all these players, including the environment, when coalesced into one coherent whole gives a management concept its raison de'tre.